Journal of Advanced Research in Economics and Administrative Sciences

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ISSN : 2708-9320
Total articles ≅ 46
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Malang B.S. Bojang
Journal of Advanced Research in Economics and Administrative Sciences, Volume 3, pp 48-56; https://doi.org/10.47631/jareas.v3i1.397

Abstract:
Purpose: This paper presents a review of the role of co-production in the public sector and discusses how co-production can help public administrations to create better public value for contemporary society. Approach/Methodology/Design: Employing a qualitative approach, this study builds on the strategic triangle which depicts public value generation in the public sector. This framework shows how and why co-production is more valuable than classical management theories when public value generation is concerned. Data for this study has been collected through databases searches. The study follows a disciplined process in conducting a literature review as suggested by Webster and Watson (2002)—using keyword searches in ProQuest and Google Scholar.Findings: The paper argues that co-production can help to overcome the many limitations linked to traditional administration theories regarding public value creation. The results from the review indicate that co-production aim at improving the performance of the existing public services by actively involving service users in co-designing and improvement of public services. It shows how service experience can be integrated with the overall life experience of citizens.Practical Implications: The study has both practical and theoretical implications. It contributes by identifying co-production as an alternative means for value creation in the public sector. This is significant for theory development and empirical research. For practitioners, co-production helps to evaluate the performance of their organizations effectively. Originality/Value: Despite the significance of public value, few scholars pay attention to co-production as a means to generate public value. Co-production accounts for the need of the citizen in the production process of public value.
Geoffrey Biwott
Journal of Advanced Research in Economics and Administrative Sciences, Volume 3, pp 1-10; https://doi.org/10.47631/jareas.v3i1.386

Abstract:
Purpose: The main is to assess the impact of intelligent leadership in Kenyan universities on knowledge sharing behavior.Approach/Methodology/Design: The research was motivated by Path Target Theory. An explanatory research design was adopted with a positivism approach. The target population consisted of 6400 and a selection of 366 academic workers from 14 chattered Nairobi County Kenyan universities. The study used a stratified technique to select the academic staff of the university into 14 strata representing each university in Nairobi County, Kenya, using simple random sampling. The study used a stratified technique to select the academic staff of the university into 14 strata representing each university in Nairobi County, Kenya. Both descriptive and inferential statistics were used for analysis while hypotheses were tested using multiple regression.Findings: The regression results indicated that emotional leadership (β = 0.37, p<0.05) and spiritual leadership (β = 0.11, p<0.05). Practical Implications: In addition, this study recommends that intelligent leadership in the sharing of knowledge is necessary in order for university leaders to consider leadership areas in  university.Originality/value: The study concluded that a high percentage of intelligent leadership results in improved behavior of sharing employee knowledge that is essential to transform Kenyan universities and drive the behavior of sharing knowledge.
Monica Adele Orisadare, Kazeem Fasoye
Journal of Advanced Research in Economics and Administrative Sciences, Volume 3, pp 25-35; https://doi.org/10.47631/jareas.v3i1.391

Abstract:
Purpose: The paper examined the determinants of fiscal behavior of subnational governments in Nigeria between 1981 and 2020. Approach/Methodology/Design: An Augmented Autoregressive Distributed Lag (ARDL) bounds test for cointegration which involves an extra F-test on the lagged level variables in the ARDL equation was employed. Findings: The results reveal that finances of the lower level of governments in Nigeria have not been managed optimally as there appeared a misplaced priority in terms of government outlay.Practical Implications: The implication presented in this paper is meant for the concerned authorities. The results indicate the need for the subnational governments in Nigeria to cut the overhead costs of governance by reducing the frivolous expenditures in order to curtail the incessant borrowing habit of these tiers of government locally and internationally. Originality/value: Despite the fact that factors determining subnational fiscal behavior have been approached from diverse ideological and methodological perspectives, yet, the challenges linger on, the paper, therefore, employed sophisticated econometric technique to examine why the finances of the lower level of governments in Nigeria have not been managed optimally.
Jaya Sangeetha
Journal of Advanced Research in Economics and Administrative Sciences, Volume 3, pp 11-24; https://doi.org/10.47631/jareas.v3i1.385

Abstract:
Purpose: This paper aims to identify and evaluate the human capital factors that are expected in fresh college graduates as perceived by employers. The paper also aims to identify the gap between the expectation of the employer and the skills found (reality) in the graduate as perceived by the industry. Further, the study involves estimating if the expectation-reality gap in these factors is different across industries.Design/Methodology/Approach: Qualitative research was undertaken to identify those factors and items within each factor. Then, descriptive research was conducted which involved a survey with several respondents from major industries in the private and public sectors in the Sultanate of Oman. The responses were statistically analyzed using Fisher Exact Test.Findings: The study revealed that the most important Human Capital/ employability factor varies from one industry to another. The most and least important items/ skills in each of the three categories of Human Capital factors were independent across industry types, except for the most important of soft skills. Though the expectation-reality gap existed in the factors, it was found to be independent across industries, except for the Personal Characteristics factor.Practical Implications: Fresh graduates need to understand that their prospective employers are perceiving gaps in their expectations versus reality. Being cognizant of this gap and working for self-improvement is imperative not only for improving the probability of employment with the favorite employer but also to fuel their career growth. These insights are relevant and useful to other stakeholders as well. By taking action based on these findings, the industry would reap better productivity benefits, and the economy of the nation would improve and propel sustainable development. Also, Higher Education Institutions (HEI) would be able to show better employment rates and student successes.Originality/Value: The findings provide important insights for students and HEI to formulate intervention strategies. The employers would be aware of the gap and thus, design suitable bridge programs to adapt the new graduates to their and the industry needs. Therefore, the government would acquire valuable cues to formulate suitable policies to achieve the nation’s strategic goals.
Naveed Khan, Dongmin Kong
Journal of Advanced Research in Economics and Administrative Sciences, Volume 3, pp 36-47; https://doi.org/10.47631/jareas.v3i1.424

Abstract:
Purpose:The study aims to assess the potential impacts that the different attributes of corporate governance like the ownership structure and composition of the board on the probability of the listed firms in the UK falling into financial distress.Approach/Methodology/Design:A quantitative methodology with a positivist paradigm and deductive reasoning were employed to collect data from 100 UK-based listed incorporation using FAME-A and BoardEx databases. Moreover, a longitudinal approach was used to collect data from 2014-2019 and sort it into a panel dataset, which was then analyzed using different statistical analysis approaches including pool ordinary least square regression analysis, Pearson’s correlation, and descriptive statistics by using STATA statistical analysis tool.Findings:The findings indicate that certain components of the composition of the board have a substantial effect on a company’s probability to fall into financial distress; for instance, the board size, the board size, board independence, and the independence of the audit committee have a significant negative implication on the selected companies’ probability to fall into financial distress. Similarly, some ownership structure components like institutional ownership and shareholder’s ownership have significant negative implications on the firm’s likelihood of financial distress, while audit committee size and the extent of ownership held by the management show an insignificant implication on the selected companies’ probability to fall into financial distress.Originality/value: The study also highlighted certain limitations and provided recommendations to future researchers to overcome these limitations in the future and reach more informed findings.
Nishath Anjum, Saidur Rahaman
Journal of Advanced Research in Economics and Administrative Sciences, Volume 3, pp 57-66; https://doi.org/10.47631/jareas.v3i1.398

Abstract:
Purpose: This study aims to examine the new challenges for human resource management amidst the COVID-19 pandemic with implications for HR professionals in dealing with their employees. Approach/Methodology: The study is a general review that attempts to explore the impact of COVID-19 on human resource management. Between December 2019 and July 2021, the researchers did a manual search for the papers that have been published in Scopus, Google Scholar, JSTOR, and Semantic Scholar databases along with many websites. The researcher included the articles based on the scope, area, and variable, where biomedical and epidemiological research has been excluded. Findings: HR management is facing some invisible challenges that are not new, but during COVID-19, these were multiplied and reached the peaks. Employee health, safety, and mental well-being; employee maintenance, engagement, and flexibility; employee skill and talent management and motivation are the most common challenges.Practical Implications: The importance of this study lies in its implications on organizations to develop appropriate behavioral strategies to adapt the human resources to the new reality. HR practitioners can use the findings of this study to create effective interventions for dealing with their human resources in an uncertain situation like COVID-19.Originality/Value: The study presents multiple perspectives on the recent challenges that HR encounters. It is related to the behavioral implications of employees’ mental well-being and motivation for the HR professionals of the organizations.
Peninah Tanui
Journal of Advanced Research in Economics and Administrative Sciences, Volume 2, pp 23-39; https://doi.org/10.47631/jareas.v2i4.354

Abstract:
Purpose: The study aimed at examining the moderating effect of capital structure in the indirect relationship between institutional ownership and financial performance through corporate diversification of listed firms at the Nairobi securities in Kenya. Approach/Methodology/Design: Post positivist research paradigm and explanatory research design guided the study in which 35 listed firms from 2003 to 2017 were included. Findings: There was a significant interaction effect between capital structure and institutional ownership on financial performance through corporate diversification. The study extended market power theory by examining institutional ownership structure given that corporate diversification is not only a source of power to drive a firm’s performance. Practical Implications: Institutional investors provide equity capital that is collaborated with the firm’s capital structure. As a result, there exist sufficient resources to take on diversification strategy despite this translating to a smaller amount in terms of financial performance. The study had implications on Market timing theory which opines that market timing is a ‘first order determinant’ to aid in selecting a suitable form of financing given debt and equity. Ideally, the preferences of different owners in the firm would affect the choice between debt and equity financing. Originality/value: Investigation of the interaction effect between capital structure and institutional ownership on financial performance through corporate diversification.
Arunmozhi M, Sumandiran C.S.P
Journal of Advanced Research in Economics and Administrative Sciences, Volume 2, pp 40-54; https://doi.org/10.47631/jareas.v2i4.369

Abstract:
Purpose: The current study examines the perception level of environmental-oriented CSR practices among the employees of small-medium enterprises in the Coimbatore district of Tamil Nadu, India. Approach/Methodology/Design: It is a cross-sectional field study of environment CSR practices among SMEs employees of Coimbatore district, the western part of Tamil Nadu, India. A multistage random sampling technique is adopted. Sixty-one firms were approached to study the employees’ perception of CSR and environmental impact on CSR. The sample included 369 participants out of the total population of 9027 employees. This study follows the research methodology based on the Eco-labeling principles, designed by the European Commission 2005 Descriptive analysis, Chi-square test, Bartlett sphericity statistical tests, and Structural Equation Modeling in AMOS version 23 were used.. Findings: The results indicate the significance of SMEs employees’ perception level according to their age, gender and experience. The results reveal that CSR practices towards environments are related to employee perception level. CSR practices play a very predominant role in changing the mindset of the employees working in small-medium enterprises. Practical Implications: This study also paves a way to diverse thoughts in the exploration of the multimodal dimensions of the internal aspects and external CSR practices. Originality/value: The analysis presents the main directions of pro-environmental initiatives undertaken by enterprises and the perception of employees to understand environmental CSR. The results also indicate the differences in the most frequent pro-environmental activities of enterprises operating in the Coimbatore district of Tamil Nadu, India.
Mugaahed Abdu Kaid Saleh, Manjunath K.R.
Journal of Advanced Research in Economics and Administrative Sciences, Volume 2, pp 1-22; https://doi.org/10.47631/jareas.v2i4.336

Abstract:
Purpose: The stud aims to compare the status of entrepreneurship activities and the encouragement of entrepreneurship in the five least-developed countries: Afghanistan, Bangladesh, Rwanda, Sudan, and Yemen. Approach/Methodology/Design: A comparative method is adopted, a comparison of the status of entrepreneurship among five different least developed countries (Afghanistan, Bangladesh, Rwanda, Sudan, and Yemen). By relying on secondary data, with the help of tabulation and visualization of the data, four main variables are used to compare entrepreneurship in these countries (Definition, development, obstacles, and reforms). Findings: The results showed that the least developed countries do not pay much attention to the sector of SMEs as a crucial sector for economic development. Among the five countries, Rwanda is found to be the reference point in achieving remarkable development in the aspect of entrepreneurial development. Practical Implications: Based on the different experiences examined in the study, a model of the key drivers of entrepreneurial change is suggested. It would act as a roadmap to drive the economy towards achieving entrepreneurial change as in the case of Rwanda. Originality/value: The study proposes a model for embracing entrepreneurial change which can be tested and validated in further research work. The study also attempts to attract the attention of policymakers and international development partners towards the importance of encouraging entrepreneurship activities in the least developed countries.
Salah Sanad, Anitha S.
Journal of Advanced Research in Economics and Administrative Sciences, Volume 2, pp 75-88; https://doi.org/10.47631/jareas.v2i3.323

Abstract:
Purpose: The study aimed at examining the relationship between participative decision-making and organizational commitment among employees working in mobile telecom companies in Yemen. Approach/Methodology/Design: This study is descriptive-analytical. The study population comprised the employees working at the four mobile telecom companies in Sana'a, Yemen's capital city (Yemen Mobile, Sabafon, MTN and Y-Telecom). One hundred twenty questionnaires were collected and were valid for the data analysis. Different statistical tools, including regression analysis and correlation coefficients, were applied, and data were analyzed using SPSS. Findings: The regression analysis output shows a significant positive relationship between participative decision-making and affective commitment (β = 0.48, p < 0.001). Furthermore, the regression analysis shows a significant positive relationship between participative decision making and continuance commitment (β = 0.59, p < 0.001). In addition, the significance of regression analysis tested using the regression coefficients shows a significant positive relationship between participative decision-making and normative commitment (β = 0.72, p < 0.001). Practical Implications: The study recommends that the companies managers need to motivate and inspire their employees to actively participate in the decision-making process to enhance their level of organizational commitment. Originality/value: The study presents evidence from a new setting where insufficient analysis has been performed to investigate the direct relationship between the variables tested.
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