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An Empirical Study on the Influence of Internal and External Effects of Human Capital on Business Performance
Wenjie Yang,
Shun-Ho Chu,
Zhe Liu
Issue:
Volume 4, Issue 3, September 2019
Pages:
74-80
Received:
12 June 2019
Accepted:
10 July 2019
Published:
23 July 2019
Abstract: Human resources is one of the important driving forces for the company's business performance growth; therefore, this has caused companies to pay attention to the concept of human capital and human resource management of human capital structure. For a company, the value of the company does not come entirely from physical assets, but also from intangible assets; therefore, the education and skills of employees are critical. This study selects annual data of China's 33 listed energy companies from 2012 to 2017, and uses revenue capacity and return on investment in human capital as the dependent variable, employee’s education years, educational Gini index, average employees’ compensation, average top managements’ compensation and ratio of skillful employees to total employees as the independent variables, to employ panel data methods to empirically study the impact of human capital on business performance from the perspective of internal and external effects. The empirical results show that the employee’s education years and educational Gini index in the company's internal effects have a positive impact on business performance. On the other hand the average employees’ compensation and average top managements’ compensation in the company's in the company's external effects have a positive impact on business performance. The conclusion of this study: is that human capital of Chinese listed energy companies plays an important role in business performance.
Abstract: Human resources is one of the important driving forces for the company's business performance growth; therefore, this has caused companies to pay attention to the concept of human capital and human resource management of human capital structure. For a company, the value of the company does not come entirely from physical assets, but also from intan...
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Rural Financing as a Panacea for Poverty Alleviation: A Study of Selected Micro and Small Enterprises in Ogun State
Alalade Yimka Samson Akanfe,
Adekunle Olusegun,
Nwankwere Idowu Aderonke,
Ogunsola Modupe
Issue:
Volume 4, Issue 3, September 2019
Pages:
81-89
Received:
24 July 2019
Accepted:
24 August 2019
Published:
9 September 2019
Abstract: Economic reforms have been implemented in Nigeria since 1980s which essentially entailed the shift from an administratively managed and public sector led economy to a market oriented and private sector led economy. Financial sector reforms were part of these broader economic reforms. A successful financial sector reform was expected to generate a dynamic process involving substantial changes in the country’s real activities of production, exchange (trade) and finance. Sustainability of the reforms was expected to result in financial deepening, increase in the range of financial products in order to better serve the needs of the economy and enhance transformation of the economy (urban as well as rural) so that production, exchange and other economic activities take place in different ways and in the context of new or reformed institutions. However the progress being made as a result of financial sector reform, financial services to the rural population have been slow to develop. The financial sector reforms are still in progress, but there is increasing concern that the majority of the rural population which constitutes 70-80% of the population and comprise 90% of all the poor in Nigeria have not benefited from the financial reforms. They have largely been bypassed by these reforms. The need to enhance accessibility of financial services to the rural poor in Nigeria deserves high priority on the agenda of the on-going financial sector reforms. In recognition of the need for improving access to financial services by the rural population, this paper will address the experience and lessons learned to date in the development of rural finance with a view to facilitating appropriate design of rural finance and develop sustainable financial services for the needs of rural population in Nigeria, in order to reduce the increasing rate of poverty. The survey research design was adopted and data collected through questionnaires. The impact of rural financing as a panacea for poverty reduction in Nigeria was analyzed using the OLS regression method. The study revealed the existence of positive relationship between rural financing and poverty reduction in Nigeria. The study recommended that adequate measure must put in place to continue encouragement of rural financing in Nigeria.
Abstract: Economic reforms have been implemented in Nigeria since 1980s which essentially entailed the shift from an administratively managed and public sector led economy to a market oriented and private sector led economy. Financial sector reforms were part of these broader economic reforms. A successful financial sector reform was expected to generate a d...
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Exploration of the Level of Interest and Performance of Beef Attributes in Supermarket in District of South Bolaang Mongondow, Indonesia
Erwin Wantasen,
Sintya Jummoni Krissanty Umboh,
Eusebius Kussoy Malingkas Endoh
Issue:
Volume 4, Issue 3, September 2019
Pages:
90-96
Received:
25 July 2019
Accepted:
21 August 2019
Published:
10 September 2019
Abstract: This research is aimed to analyze consumer behavior in purchasing beef at modern market, located in District of South Bolaang Mongondow, Province of North Sulawesi, viewed from level of interest and performance of various attributes closely attached to beef products. The research, methodologically, then, was performed under survey method to beef’s consumers in two supermarkets existing in District of South Bolaang Mongondow. Both supermarkets selected as research site were Media Trans and Hail Mart, having been newly operated since 2018. 100 respondents were selected with accidental sampling technique, 50 respondents of each supermarket respectively. Data obtained were primary data, comprising of consumers’ perception against 25 items of beef attributes in-depth questioned under guidance of list of questions prepared initially. To analyze the level of interest and performance of beef attributes sold according to consumers’ perception, importance-performance matrix (IPM), thus, was employed. A value given for the level of interest and performance had 5 indicators, ranging of 1-5. As a result, the research concludes that attribute of expired dated, contents of beef’s parts and information of halal (under religious practice) were significantly important; however, the performance had not been in accordance with consumers’ expectation in influencing purchasing decision. Therefore, as further recommendation, those beef attributes are necessarily required higher priority by management of both supermarkets and beef’s producers in improving beef’s quality in order to satisfy consumers’ demand in purchasing beef products.
Abstract: This research is aimed to analyze consumer behavior in purchasing beef at modern market, located in District of South Bolaang Mongondow, Province of North Sulawesi, viewed from level of interest and performance of various attributes closely attached to beef products. The research, methodologically, then, was performed under survey method to beef’s ...
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The Role of Trust and Culture in the Lebanese Supply Chain Food Industry
Issue:
Volume 4, Issue 3, September 2019
Pages:
97-106
Received:
9 January 2019
Accepted:
25 July 2019
Published:
16 September 2019
Abstract: This paper aims to investigate the role of trust and culture in buyer-supplier relationships by exploring the drivers behind the ethical practices in the Lebanese food industry. Based on the literature review, supply chain management, business ethics, trust, culture and link between them and ethics, were identified as key elements in building a deep literature to be compared with what is found in Lebanon. A theoretical structure is shown, representing the role of trust and culture as a moderator between the drivers that are identified and the ethical practices. The research sample included four managers from four different companies distributed across all Lebanon. The data analysis showed that ethics in Lebanon started to play a vital role in the success of the four companies leading as well to customers’ loyalty. The findings provided support and new results in implementing ethics in the Lebanese food industry.
Abstract: This paper aims to investigate the role of trust and culture in buyer-supplier relationships by exploring the drivers behind the ethical practices in the Lebanese food industry. Based on the literature review, supply chain management, business ethics, trust, culture and link between them and ethics, were identified as key elements in building a dee...
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Research on the Development Mode of Old-age Real Estate for Small and Medium-sized Enterprises in China
Issue:
Volume 4, Issue 3, September 2019
Pages:
107-112
Received:
7 August 2019
Accepted:
30 August 2019
Published:
20 September 2019
Abstract: With the deepening of the population aging and the growth of the economy in China, the demand for improving the lives of the elderly groups is increasing, and the prospects of the old-age industry, especially the real estate market for the old-age, are bright. Small and medium-sized enterprises (SMEs) play an important role in promoting the development of the old-age real estate. The development of the old-age real estate for SMEs is not only conducive to the healthy development of the old-age real estate market, but also conducive to the middle and low-income elderly to enjoy high-quality and convenient old-age services. The method adopted in this paper is mainly to compare the modes that SMEs can adopt in the three links of development, financing and operation of the old-age real estate, to calculate the costs and benefits of various modes, and to analyze their advantages and disadvantages. The types of enterprises suitable for various modes are also discussed. The conclusion of this paper is that for different links, SMEs should adopt different modes in the process of developing old-age real estate. In terms of development mode, SMEs should choose to cooperate with service agencies because SMEs have weak capital strength and risk tolerance, narrow financing channels and less market resources. In terms of financing mode, SMEs should choose government-enterprise cooperation because it can reduce the development cost, especially the cost of land, also can obtain policy support and administrative approval convenience. In addition, this mode can well reflect the profitability and welfare characteristics of the old-age real estate and can achieve social spillover benefits. In terms of operation mode, SMEs should choose only construction but not operation so as to avoid the risks brought by the latter operation.
Abstract: With the deepening of the population aging and the growth of the economy in China, the demand for improving the lives of the elderly groups is increasing, and the prospects of the old-age industry, especially the real estate market for the old-age, are bright. Small and medium-sized enterprises (SMEs) play an important role in promoting the develop...
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The Incentive-constraint Cognitive Framework, Basic Thought, Principles and Recommendations for the Optimization of Income Distribution
Jia Kang,
Cheng Yu,
Yu Changge
Issue:
Volume 4, Issue 3, September 2019
Pages:
113-127
Received:
15 August 2019
Accepted:
17 September 2019
Published:
2 October 2019
Abstract: Income distribution is a major and complex issue that directly affects the vital interests of hundreds of millions of people. To deepen the reform of the income distribution system, it is necessary to clarify the accurate connotation of the relationship between “fairness and efficiency” under the framework of “incentive-constraint”, make a correct analysis on the causes of income differences, and lay a foundation for understanding the rationality of the policy. The basic idea of optimizing income distribution in China should be to use the vision of common prosperity as the “goal-orientation” and combine the “problem-orientation” to accelerate the strategic transformation from “getting rich first” to “getting rich together”. The basic principles to be followed are the following: encourages entrepreneurial innovation with reasonable income distribution; recognizes the contribution of each factor and combines the distribution according to work with the distribution according to other factors; and appropriately allows and tolerates the expansion of the income gap in the first half of the “inverted U curve”, that is, actively adjusts and holds “polarization”; builds a system-engineered distribution system with promoting transparency, encouraging enthusiasm, promoting harmony and helping the weak as essentials; promotes the dynamic optimization of the distribution system and policy system with reform, namely effective institutional supply as the leader. On this basis, establish a system of initial distribution of national income with sound rules and fair process; establish a system of national income redistribution with appropriately equalized results; improve the third distribution system of national income; and promotes the reform of the supporting system for national income distribution.
Abstract: Income distribution is a major and complex issue that directly affects the vital interests of hundreds of millions of people. To deepen the reform of the income distribution system, it is necessary to clarify the accurate connotation of the relationship between “fairness and efficiency” under the framework of “incentive-constraint”, make a correct ...
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