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Objective: The objective of the article is to fill a research gap regarding the impact of psychic distance on the initiation of relationships by managers from Poland-based firms and to analyze the psychic distance’s influence on firm performance.

In the Chinese stock market, the rate of institutional holder and the company social responsibility report level are comparatively lower than those in the Western market. Historical research studies showed that there exist some connections between these two factors and company performance. This article uses the method of empirical analysis based on data during 3 years to try to find out the result.

The purpose of this study is to empirically prove the effect of positive confirmed cases of covid 19, confirmed death cases of covid 19, company's financial performance on cumulative abnormal return (CAR). The sample used is restaurant, hospitality and transportation companies listed on the Indonesia Stock Exchange for the period 2019-2020. This research uses multiple regression method. The sample in this company amounted to 81 companies and the sampling method was purposive sampling method. The results of this study prove that positive confirmed cases of covid 19, positive confirmed death cases of Covid 19, liquidity, leverage and company size (Size) have no affect on CAR during the Covid 19 pandemic. While ROA (Return on Assets) affects CAR during the COVID-19 pandemic. This research adds to the literature on the impact of the coronavirus pandemic (covid 19) and how the company's performance on the company's stock price during the coronavirus pandemic and until now, this pandemic has not ended. Assist the government in making decisions in making policies, especially when the implementation of restrictions on community activities (PPKM) takes place, whether it will impact losses for companies in Indonesia.

This study aims to empirically examine the role of innovation capacity in improving the company's performance. The study used a quantitative explanatory survey method. Collecting data using a questionnaire with random sampling technique. Respondents are the creative industries of the leather, leather goods and footwear sub-sector with a sample of 252 MSMEs in the leather, leather goods and footwear industry in West Java. The data that has been collected was analyzed using the Structural Equation Model (SEM). The results of the study show that innovation capacity significantly plays a role in improving company performance The highest contribution of each dimension of innovation capacity came from investment in research and development and the lowest was contributed by new distribution channels. Meanwhile, the highest achievement of the company's performance came from the growth and learning perspective of and the lowest was contributed by the customer perspective of The results of the hypothesis test show a positive and significant effect so that the role innovation capacity affects in improving company's performance empirically acceptable. The implication of this research is that it is necessary to optimize the capacity to innovate through the effective use of distribution channels and the addition of new distribution channels in addition to product innovation and process innovation, also to develop a customer perspective through efforts to retain customers (retention rate) and growth in the number of customers (acquisition rate) as well as through a financial and financial perspective. internal business process perspective.

This study investigated the effect of corporate governance on corporate risk management. By using the regression analysis method, different results on the effects of the variables independent commissioners, female commissioners, meeting frequency, and audit committee members’ expertise background on corporate risk management were obtained. In addition, companies in Singapore that had high levels of risk management activities were found to experience faster recovery after the crisis caused by the COVID-19 pandemic compared to other countries (Malaysia, Indonesia, and the Philippines). Overall, this study concludes that corporate governance has an important role in improving the risk management activities of a firm. This study may serve as a consideration for corporate governance implementation to improve corporate risk management.

Research has shown that innovativeness is a key factor in business performance. However, the link between innovativeness and organisational performance and the role of environmental dynamism are still being debated. This study thus sought to analyse the moderating effect of the dynamism of the business environment in the relationship between innovativeness and performance of manufacturing companies. In order to do this, a questionnaire was distributed to 344 owners and managers of manufacturing companies operating in the north-eastern Democratic Republic of Congo. One hundred and seventy-eight of these questionnaires were returned and used to test the study’s hypotheses. The study used an ordinary least squares (OLS) regression under the hierarchical regression analysis approach. The results confirm the positive and significant effect of innovativeness on company performance. On the other hand, results indicate that business environmental dynamism has a direct positive and significant effect on company performance. However, the dynamism of the business environment negatively influences the relationship between innovativeness and company performance. Based on these results, recommendations and further research perspectives are suggested.

This article investigated decisions to change chief executive officer (CEO) and the relationships between the characteristics of the new CEO chosen and both company performance and stock market perceptions. Our study aims to broaden the understanding in an area that remains underexplored by the literature. In particular, we present a new direction for the study of Malmendier and Tate (2009) by addressing the question of superstar CEOs considering the market's perception regarding the hiring of an executive and their performance in the new company. The article highlights a new research question that permeates the market's perception with regard to changing executives classified as superstars. In addition, the study connects the literature on superstar CEOs and changing executives, presenting new findings for the theme. The results obtained provide new findings for the literature and elucidate that superstar CEOs are positively evaluated by the market at the time of the hiring announcement. However, these executives do not show better performance than the other companies in the sector in subsequent periods, which corroborates and extends the negative aspects found by Malmendier and Tate (2009). The methodology used was an event study, OLS, Logit, and Probit. This article highlights that bigger companies with better operational performance have a greater probability of choosing a new CEO with superstar status in situations of changing executives. CEOs of external origin and classified as superstars are, on average, better evaluated than their peers by the market in the event window relating to the hiring announcement. However, the performance of these executives may fall short of the results calculated for the sector average. The aforementioned results broaden the discussion regarding decisions to change executives and highlight new findings about the role of the CEO's origin and their status of recognition and fame. [ABSTRACT FROM AUTHOR]

Prior studies have analyzed board diversity (mostly in developed nations) using financial firms to measure demographic or cognitive characteristics in relation to firm performance. However, the current study attempted to fill the literature gap by evaluating both demographic and cognitive mechanisms in developing economies using non-financial firms in Nigeria. This study examined how board diversity in terms of the gender and educational level of directors affects the performance of Nigerian stock exchange companies. The study utilized a sample of 67 listed companies from the Nigerian stock exchange over eight years, from 2012 to 2019. A quantitative method using a deductive approach was adopted in conducting fixed effect and generalized method of moments (GMM) estimations for robust findings. The findings support the existence of a significant positive influence of both education and gender diversity on the companies' performance. These results are consistent with agency and resource dependence theoretical expectations. The outcomes add to the current debates on those types of regulatory setters calling for corporate board diversification. The findings would greatly benefit management in the directors' selection process as they revealed the importance of both education and gender diversity for better performance and enhancing market value. Thus, they contribute to the literature on the state of board diversity in developing countries. [ABSTRACT FROM AUTHOR]

In recent years, with the development and progress of text information research, the disclosure of non-financial and qualitative information has often be found to have an incremental function. Financial reports, including financial statements and other relevant information, provide important insights on an enterprise's financial status, operating results, and cash flow. Faced with a large number of financial reports, readers often do not know where to start, and as financial statements are prepared based on past transactions, they cannot fully reflect the past, present, and future economic conditions of the company. Information asymmetry and uncertainty make the text mining of financial reports of great significance to enterprise stakeholders. Accordingly, this paper takes financial reports as the research object and builds a research framework on the relationship between subjective expression in financial reports and company performance. Through natural language processing, sentiment analysis, and other text-mining technologies, the paper quantifies the subjective expression in financial reports and introduces intermediaries. Variables, moderating variables, and control variables are used to construct a multiple regression model. The empirical results show that the underlying emotional tendencies in subjective expressions substantially impact on the future development of listed companies. This paper enriches understanding of the multi-dimensional relationship between financial report text and company performance, and provides ideas for further exploring this relationship. It is of great practical significance to help them make rational decisions and ensure the normal operation of the company and the preservation and appreciation of capital. [ABSTRACT FROM AUTHOR]

The purpose of this research is to test the impact of innovation efficiency made by the company into an effort to strengthen the management of the company's risk management to the company's performance. The research was conducted on banks listed on the Indonesia Stock Exchange in 2015 - 2019. A free variable is the effectiveness of risk management (X). The dependent variable is enterprise performance (Y). The moderation variable is innovation investment (Z). Control variables are Size, Age, NPL, CAR and LDR. The analysis techniques used are multiple linear regression and moderated regression analysis. As a result of this study, efective risk management had a significant positive effect on banking performance with ROA proxies. The results of this study mean the first hypothesis of research accepted the truth. Investment innovation moderates efective risk management has a significant positive effect on banking performance. The direction of moderation is positive which means innovation investment strengthens efective risk management in influencing banking performance. This second result means that the second hypothesis of research is accepted for its veracity. [ABSTRACT FROM AUTHOR]

The paper analyses human capital investments and their relation to company performance in Croatia. Human capital represents an inevitable element in recognising and measuring an organisation's values and supporting its business excellence. The results obtained show that training and extra bonuses or salaries are positively correlated with company excellence, as well as show a significant difference in the mean of salaries per employee between high and moderate intensive intellectual capital companies. The differences in company excellence, when human capital expenditures are capitalized in a company's balance sheet rather than recognized as expenses in the company's profit and loss account, is confirmed. Companies should pay attention to managing human resources and realizing their importance for business excellence, as well as the importance of appropriate recognition and measurement of human capital in financial statements. [ABSTRACT FROM AUTHOR]

Copyright of Tendencias: Revista de la Facultad de Ciencias Económicas y Administrativas is the property of Universidad de Narino, Facultad de Ciencias Economics y Administrativas and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

BACKGROUND AND OBJECTIVES: Leadership styles will have different effects on company performance, so many literatures in China study the relationship between leadership styles and company performance in manufacturing. The purpose of this study is to investigate the relationship between leadership styles and company performance in Chinese manufacturing. As a result of ineffective management in leading employees, China is currently experiencing poor financial and marketing performance, which has resulted in poor business operations and lower productivity, both of which have a direct impact on the company's performance in China's manufacturing industry. METHODS: This study adopts quantitative research method to collect data of factors affecting company performance through questionnaires, the sampling technique is snowball sampling. A total of 450 questionnaires were sent out to the respondents, and a total of 384 questionnaires were returned. Among them, 290 questionnaires were usable. A preliminary study was conducted to ensure that the adjusted questionnaire items were appropriate and valid for the study. In actual data collection, 290 responses were successfully collected in this study, with a response rate of 65%. The SPSS software was utilized to analyze the data in this study. FINDINGS: Based on the quantitative data analysis, the findings found that dictatorial leadership style paternalistic leadership style, autocratic leadership style, and laissezfaire leadership style insignificantly correlated with company performance in China. Democratic leadership style significantly correlated with company performance in China. Further, research findings have been discussed in the discussion of results. CONCLUSION: These findings may provide the purpose of this study that characterize company performance, confirm leadership style in the Chinese manufacturing sector, and apply performance theory to further analyze the effect of leadership style. The Tannenbaum and Schmidt leadership styles should suggest that leadership behaviour varies along a continuum, with a level of follower participation and involvement in decision-making growing as leaders move away from the authoritarian extreme. [ABSTRACT FROM AUTHOR]

ABSTRACT This study aims to analyze the effect of good corporate governance (GCG), risk management on company performance. The population in this study came from the consumer goods industry sector companies listed on the Indonesia Stock Exchange for the 2015-2019 period. The sampling technique is a purposive sampling method with the secondary data type, which produces a sample of 27 companies. The data analysis method used descriptive statistical analysis and partial least squares (PLS) analysis. The results of this study show how that Risk Management does not affect Company Performance, The results of Good Corporate Governance (GCG) affect the Company's Performance, simultaneously concluded that simultaneously the variables of GCG and Risk Management have a positive and significant effect on variable Y, namely Company Performance and based on the Cross-section F value of 0.6478, the value of Cross-section F probability is greater than the significance level of 0.05 that is 0.6478> 0.05, it can be concluded that H0 is rejected and H1 is accepted which shows positively Leverage Moderates Risk Management on Company Performance and based on the Cross-section F value of 0.0000, the value of Cross-section F probability is smaller than the significance level of 0.05 that is 0.0000 < 0.05, it can be concluded that H0 is rejected and H1 is accepted which shows positively Leverage Moderates Good Corporate Governance on Company Performance.

This StudyisAimed to Examine The InfluenceofDiversification Strategy,Chief Executive Officer'scompensation,Size of the Board of Commissioners, Meeting Frequency of Board of CommissioneronCompany Performance.The Proxies ofCompany PerformanceisReturn of Asset (ROA),The DIversification Strategy is Measured byHierschman Herfindah Index (HHI). Size of Board of the CommissionersIs Measured by the Numberof Board of Commissioners, And Meeting Frequency is Measured byThe Number of Meetings of the Board of Commissioners. The sampleis115 Companies Listed on LQ-45 Index IN Indonesia Stock Exchange During 2016-2019. THIS STUDY USES MULTILE MARGINAR LESPAR REGRESSION ANDUsing SPSS US Testing Tools. The Result of this Research Indicate that Diversification Strategy and Size of the Board of Commissioners Did Not Affout Company Perform Whitile TheChief Executive Officer's Company and Meeting Frequency of Board of Commissioner are significant positive effect to company performance. The Impact of Diversification Strategy does not Influence The Company Performance

This study aims to find empirical evidence of the impact of propping- related party transactions on company performance. The research sample was manufacturing companies listed on the IDX during 2017-2019 which were determined by purposive sampling and using the Generalized Least Square panel data regression analysis technique (cross-section weights). The results showed that propping (related party transactions related to account payables) had a positive effect on financial performance and had a negative effect on the company's market performance. Propping (related party transactions related to other payables) had a positive effect on the company's financial performance but doesn’t an affect on the company's market performance. Meanwhile, propping (related party transactions related to liabilities other than account payables) had a negative effect on financial performance but had a positive effect on the company's market performance.

ABSTRACT This study aims to examine the effect of capital structure and ownership on company performance with moderation of corporate governance in trade, service and investment sector companies in 2016- 2019. The research data was obtained from the Indonesian Capital Market Directory (ICMD) and the annual financial reports listed on the Indonesia Stock Exchange. The total sample obtained based on the purposive sampling method was 76 samples and tested using the Eviews 9 analysis tool. The analysis technique used panel data regression analysis and Moderated Regression Analysis (MRA). Capital structure and corporate governance as proxied by the role of independent commissioners are proven to improve company performance. The implication of this research is to provide empirical evidence regarding the role of corporate governance in moderating capital structure and ownership structure on company performance. The use of debt in the capital structure can have a positive influence on the company's performance. So the applied implication for the company is that it can increase debt in its capital structure by taking into account the optimal point. In addition, companies can optimize the role of independent commissioners as corporate governance to improve supervision within the company so as to improve company performance. ABSTRAK Penelitian ini bertujuan menguji pengaruh struktur modal dan kepemilikan terhadap kinerja perusahaan dengan moderasi corporate governance pada perusahaan sektor perdagangan, jasa dan investasi tahun 2016-2019. Data penelitian ini diperoleh dari Indonesian Capital Market Directory (ICMD) dan laporan keuangan tahunan yang tercatat pada Bursa Efek Indonesia. Total sampel diperoleh berdasarkan metode pengumpulan data purposive sampling adalah sebanyak 76 sampel dan diuji menggunakan alat analisis Eviews 9. Teknik analisis pada penelitian ini menggunakan analisis regresi data panel dan Moderated Regression Analysis (MRA). Variabel struktur modal serta variabel moderasi corporate governance yang diproksikan dengan peran komisaris independen terbukti dapat meningkatkan kinerja perusahaan. Implikasi dari penelitian ini adalah memberikan bukti secara empiris terkait peran corporate governance dalam memoderasi struktur modal dan struktur kepemilikan terhadap kinerja perusahaan. Penggunaan utang pada struktur modal mampu memberikan pengaruh positif terhadap kinerja perusahaan. Maka implikasi terapan bagi perusahaan yaitu dapat meningkatkan utang pada struktur modalnya dengan memperhatikan titik optimal. Selain itu, perusahaan dapat mengoptimalkan peran komisaris independen sebagai corporate governance untuk meningkatkan pengawasan dalam perusahaan sehingga meningkatkan kinerja perusahaan. JEL : G30, G32, G34

Mushroom is one of the main commodities of agroindustry which experienced an increase in production due to the existence of consumer awareness to consume healthy products. The popularity causes the development of the mushroom processing industries in Malang. To improve the quality of products, mushroom SMEs need to further develop the company performance. Company performance can be achieved with an effective competitive advantage. Competitive advantage is a factor that a company should have in order to succeed in business. The fundamental source of competitive advantage is assets. This research use a Barney’s theory in determining strategic resources to achieve competitive competitiveness called Resource-Based View (RBV). The purpose of this research are to determine the influence of: (1) tangible assets on competitive advantage strategy, (2) intangible assets on competitive advantage strategy, (3) company capability on competitive advantage strategy, and (4) competitive advantage strategy on company performance. The exploration techniques utilised are quantitative and Partial Least Square (PLS). The results showed that the tangible assets and company capability have a strong influence and positively contribute to competitive advantage strategy, meanwhile intangible assets have a weak influence and negatively contribute to competitive advantage strategy, and competitive advantage strategy has a strong influence and positively contributes to company performance.

The paper analyses human capital investments and their relation to company performance in Croatia. Human capital represents an inevitable element in recognising and measuring an organisation’s values and supporting its business excellence. The results obtained show that training and extra bonuses or salaries are positively correlated with company excellence, as well as show a significant difference in the mean of salaries per employee between high and moderate intensive intellectual capital companies. The differences in company excellence, when human capital expenditures are capitalized in a company’s balance sheet rather than recognized as expenses in the company’s profit and loss account, is confirmed. Companies should pay attention to managing human resources and realizing their importance for business excellence, as well as the importance of appropriate recognition and measurement of human capital in financial statements.

Abstract This article investigated decisions to change chief executive officer (CEO) and the relationships between the characteristics of the new CEO chosen and both company performance and stock market perceptions. Our study aims to broaden the understanding in an area that remains underexplored by the literature. In particular, we present a new direction for the study of Malmendier and Tate (2009) by addressing the question of superstar CEOs considering the market’s perception regarding the hiring of an executive and their performance in the new company. The article highlights a new research question that permeates the market’s perception with regard to changing executives classified as superstars. In addition, the study connects the literature on superstar CEOs and changing executives, presenting new findings for the theme. The results obtained provide new findings for the literature and elucidate that superstar CEOs are positively evaluated by the market at the time of the hiring announcement. However, these executives do not show better performance than the other companies in the sector in subsequent periods, which corroborates and extends the negative aspects found by Malmendier and Tate (2009). The methodology used was an event study, OLS, Logit, and Probit. This article highlights that bigger companies with better operational performance have a greater probability of choosing a new CEO with superstar status in situations of changing executives. CEOs of external origin and classified as superstars are, on average, better evaluated than their peers by the market in the event window relating to the hiring announcement. However, the performance of these executives may fall short of the results calculated for the sector average. The aforementioned results broaden the discussion regarding decisions to change executives and highlight new findings about the role of the CEO’s origin and their status of recognition and fame.

In order to maintain the company's ability to fulfill its liabilities, PT. Jasa Marga (Persero) Tbk will takes a corporate action strategy to strengthen capital structure for the Toll Road Subsidiaries (/APJT). APJT selected are PT. Trans Marga Central Java (/PT. TMJ, is the operator of Semarang-Solo toll road) and PT. Jasamarga Surabaya Mojokerto (/PT. JSM, is the operator of Surabaya-Mojokerto toll road) because of its capability to fulfill their solvents. Corporate action strategy done by analyze related with company performance baluation, optimal capital structure analysis. For Company performance valuation, analyze is done with company's financial ratios. From the calculation and analysis of profitability ratios; liquidity ratios and solvency ratios, PT. TMJ and PT. JSM during year 2015-2019 showed fair good performance. The composition of the capital structure to obtain optimal value for PT. TMJ and PT. JSM are range from 60:40 to 30:70 for the composition of debt and equity. The results of the company valuation using Discounted Cash Flow (DCF) method show that the company value of PT. TMJ, with a capital structure composition of 60:40 worth IDR. 25,862,- /share and with a capital composition of 70:30 share value of PT. TMJ in the amount of IDR.10,418,- /share. As for PT. JSM with a capital structure composition of 60:40 is IDR. 2,709,- /share and with a capital composition of 70:30 the share value of PT. JSM is IDR. 911,- /share. From analyze result, Management should pay more attention in capital expense due it’s effect in Optimizing Capital Structure, then from that Optimal Capital structure, APJT can reduce debt portion dan increasing uts equity portion through several strategy

This research is aimed to investigate the influence of gender diversity and educational level in board of commissioner on the performance of non-financial company listed in Indonesia Stock Exchange for 2013-2017 period. Gender diversity as the first research variable was measured by female existence as the head of commissioner, female existence on board of commissioner and its proportion. Meanwhile, education level of female in board of commissioner as the second variable was measured with dummy 1 for master and doctoral graduate and 0 for other levels. Next, the company performance variable is proxied with a return on assets (ROA), return on equity (ROE), and Tobin’s Q. The model employed in this research was an unbalanced data panel using fixed and random effect model approach. The results show that gender diversity has a significant impact on ROA, but an insignificant impact on ROE and Tobin’s Q. Further, education does not have a significant impact on financial performance. In general, board characteristics do not have an important role in determining financial performance.

This research, based on the theoretical foundations and literature of the subject, has investigated the relationship between the characteristics of the board of directors and the performance of companies listed on the stock exchange market. To accomplish this goal, 130 companies listed on the Tehran Stock Exchange have been selected as the study sample during 2014 to 2018 by the screening. Multivariate regression models have been used to analyse the data and test the hypotheses. Findings show that there is no significant relationship between the variables of the number of the board members and board independence with the company performance, but there is a significant relationship between the effectiveness of the audit committee and return on assets. According to the research results, for policymakers in financial markets to ensure maximum results, paying close attention to police implementation is recommended. Also, it is recommended the executives of the Tehran Stock Exchange to supervise the audit committees of companies through a systematic control mechanism, to increase the quality of effectiveness.

This research aims to analyze and understand the influence of typology of defender and prospector strategies on company performance by using moderation of environmental uncertainty. This research is an explanatory study using a quantitative approach with survey methods. This research uses a questionnaire instrument that researchers distribute to managers of companies listed on the Indonesia Stock Exchange (IDX). Data analysis uses moderation regression analysis (MRA). The results showed that the typology of defender and prospector strategies significantly affected the company's performance and environmental uncertainty moderated the influence of defender and prospector strategy typology on company performance. [ABSTRACT FROM AUTHOR]

The influence of macroeconomic variables on aspects of business and the country's economy has been a subject of robust discussion. This study was conducted to identify the effect of macroeconomic variables, namely inflation rate, economic growth, exchange rate and share price, on listed companies in South Africa. The goal was to study the long run and short run effects of macroeconomic volatility on company performance because of the world's recent pandemic experience. To achieve this objective, the study applied the panel Autoregressive Distributed Lag (ARDL) model on annual panel data from 2010 to 2020 to analyse the short run and long run effects of macroeconomic variables on a company's performance. The study results suggested a positive impact of economic growth, exchange rate and share price on asset returns, whilst a company's equity return is supported by economic growth and share price in the long run. The short run revealed that none of the independent variables has a sufficiently significant effect to influence a company's performance changes in the short run. Based on the findings, it was recommended that policymakers and economic authorities should introduce and implement strategies that favour and enhance the country's economic growth and stable exchange rate in order to improve company performance. Additionally, given that the company's shortrun performance may highly depend on internal factors such as corporate governance, internal policies and business strategies, these decisions should be taken with precaution and a high level of professionalism. [ABSTRACT FROM AUTHOR]

Despite the fact that economic clusters are a relevant topic in the world research literature, the specifics of their development in countries with a former planned economy have not been sufficiently studied. The article examines the effect of industrial enterprises working as part of a cluster in Russia. The main research method is regression analysis of the production function with a binary variable cluster. The objects of study are the industrial enterprises of 15 clusters in Russia that received support from government programs. The reference group included enterprises similar in specialization and number of employees to the enterprises of the study group, located in Russian regions without clusters. In total, we collected data on the activity of 695 enterprises for 2016–2020. Calculations showed a negative relationship between the cluster variable and the revenue of enterprises; however, this relationship is small in scale. [ABSTRACT FROM AUTHOR]

Small and Medium Enterprise (SME), with its significant contribution to a country's economy is gaining a corresponding interest from the research community. However, SMEs face numerous risks that could affect their performance resulting in its inability to rise to its full potential. Thus, this paper seeks to study the effect of risk sources (innovation and technology adoption risk, infrastructure risk and legal and regulation environment risk) towards company performance while introducing agility strategy in improving performance. Data was collected through a survey to Malaysian SME manufacturing companies yielding a response from 152 companies. Data were analysed using PLSSEM. Findings indicate that innovation and technology adoption risk and legal and regulation environment risk have a significant effect on company performance. Meanwhile, the introduction of agility strategy does indicate a role in improvement of company's performance in handling these risk sources. It would seem that agility strategy plays an effective role in mitigating risks therefore improving SME's performance, contributing to knowledge of effective mitigating strategies in the field of risk management in supply chain for SMEs. [ABSTRACT FROM AUTHOR]

Digital capability is an advanced capability that manufacturing companies need for their digital and intelligent development. At present, the influence mechanism behind the impact of digital capability on manufacturing companies' performance is still unclear and lacks quantitative analysis. Based on the dynamic capability view, we propose a research model to investigate digital capability, digital innovation, value co-creation, and company performance and conduct an empirical study based on questionnaire data from 209 digital manufacturing companies. The empirical results show that digital capability has a significant positive impact on company performance. The results further show that digital innovation mediates the effect of digital capability on performance within a company, while outside the company, value co-creation mediates the impact of digital capability on company performance. This research provides empirical support in favor of companies developing digital capabilities in the context of digital transformation and offers theoretical insight into the contradiction between the potential value of digital capability and companies' practice. [ABSTRACT FROM AUTHOR]

Copyright of Mercados y Negocios is the property of Universidad de Guadalajara, Centro Universitario de Ciencias Economico Administrativas and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This study aimed to analyze the company performance on stock return in Telecommunication Companies of Indonesia from 2012 until 2020. The company performance consists of profitability ratio as proxied by return on equity, liquidity ratio as proxied by current ratio, solvency ratio as proxied by debt to equity, activity ratio as proxied by total asset turn over, and market ratio proxied by price book value. Data were collected from the Indonesia Stock Exchange website and each related company's website. This study was conducted by a quantitative study using unbalanced panel data regression analysis. This study analyzed a new balanced panel data of 104 firm-year observations from 12 Telecommunication Companies of Indonesia. The results show that profitability ratio, liquidity ratio, solvency ratio, and activity ratio failed to affect stock returns significantly. Meanwhile, the market ratio has a significant positive effect on stock return. This study can be used as an investment guide for both individual and corporate investors. The study contains the most important fundamental analysis related to the company's financial performance, based on the company's price book value. [ABSTRACT FROM AUTHOR]

This paper attempts to understand whether there is alignment between executive remuneration and shareholder interests in publicly listed companies in Australia. The issue is analysed over three distinct stages of an economic cycle, and the panel fixed effects method is used to estimate the performance-remuneration models. The study finds that the long-term compoents of the remuneration package would highly incentivize CEOs and executive directors. Still, the fixed salary component exerts no such enticement for them to maximize shareholders' wealth. This new information could be useful for Australian firms as well as for firms in Asia Pacific countries due to the close relationship they share with the Australian firms. [ABSTRACT FROM AUTHOR]

Internal factors and external factors influence performance. Collapse industry taxis in Indonesia seen from drop drastic total company taxis, namely 35 companies in 2014 and the remaining only four companies in 2016 were one consequence of the decline in the performance of several company taxies conventional form factor external. There has been disruption with the present company transportation based on App that appears to spread globalization in life public including in organization. However, because the emergence of application-based transportation companies as external factors is difficult to avoid, established taxi companies need to make organizational efforts internally to improve company performance through communication organization. Communication organization is essential for a company on various scales to maintain employees, take care stability company, and grow the business, so connection good Among leaders and employees needs building. Something organization will bring meaningful existence similar vision and mission to which direction the organization that. Without the presence of vision, mission, and goals through communication, a solid and reasonable organization are impossible for the organization to keep going, develop, adapt, and perform well. But with vision communication trustworthy organization, existence development technology very open communication opportunity for the organization for doing change or shift in the world of disruption along with the development of the times. [ABSTRACT FROM AUTHOR]

Digital transformation is more than just providing online and mobile banking services. The banking and finance industry needs to innovate by combining digital technology with customer interactions. In this case, these new technology findings should make it easier and more convenient for users to access banking services. However, to understand the relationship between resources (capabilities) and performance, the empirical research is still very limited and rare to explain why some firms successfully use their capabilities while others do not. The aim of the research is to answer whether digital technology, digital leadership, and digital marketing have a significant influence on company performance. The research is a quantitative study using a survey method by distributing questionnaires to employees and leaders in banks. It obtains 100 respondents. The analytical method is the Structural Equation Model (SEM) approach using the Smart Partial Least Square (PLS) statistical software. There are several obtained results. First, digital technology capabilities have a positive and insignificant effect on company performance. Second, digital leadership capability significantly, positively affects digital technology capability and digital marketing capability. Third, digital marketing capability has a positive and significant effect on company performance. Finally, digital leadership capability only has a positive and significant effect on company performance after being mediated by digital marketing capabilities. However, the effect is not significant if it is mediated by digital technology capabilities.

Leadership is a leader's way of influencing subordinates with certain characteristics so that they can achieve the desired goals. One of the factors for the success of a leader depends on the leadership techniques used in creating situations that cause the people they lead to arise awareness to carry out what they want. In other words, whether a leader is effective or not depends on how his ability to manage and apply his leadership pattern under the situation and conditions of the organization. Feelings related to job satisfaction and dissatisfaction tend to reflect the worker's assessment of current and past work experiences rather than expectations for the future. So it can be concluded that there are two important elements of job satisfaction, namely job values ​​and basic needs. Work values ​​are the goals to be achieved in doing work tasks. What is wanted to be achieved are work values ​​that are considered important by individuals. It goes on to say that work values ​​must match or help fulfill basic needs. Thus it can be concluded that job satisfaction is the result of labor which is related to work motivation with the degree of importance of job aspects for individuals. An individual will feel satisfied or dissatisfied with his work, which depends on how he perceives a match or contradiction between his desires and the results he gets. This research method is the method of exploration and verification, the analysis tool is structural equation modeling (SEM, PLS). The results showed that the influence of the Covid-19 crisis leadership style on job satisfaction has implications for company performance.

Research aims: This study aims to examine the effect of Enterprise Resource Planning (ERP) system implementation on company performance with organizational capabilities as a mediating variable. Design/Methodology/Approach: This research is a quantitative study using 117 samples of manufacturing companies listed on the IDX from 2013 to 2018. Analysis and testing in this study employed SEM-PLS to test the effect of Enterprise Resource Planning (ERP) system implementation on company performance with organizational capabilities as a mediating variable. Research findings: The results showed that the ERP system's implementation had a significant positive effect on company performance and organizational capabilities. Organizational capabilities also had a significant positive effect on company performance. Besides, it was found that organizational capabilities mediated the relationship between ERP system implementation and company performance. Theoretical contribution/Originality: This study utilized a cybernetics approach theory, Resource-Based View (RBV) theory, and organizational capabilities theory to investigate the mediating role of organizational capabilities in increasing the impact of ERP systems on company performance. Practitioner/Policy implication: This study provides evidence that ERP implementation makes an integrated operating system and can increase organizational capabilities by utilizing existing resources, and ultimately will also increase company performance. Research limitation/Implication: In this research, it is challenging to find organizational capability measures, such as marketing capability and process improvement. This study only used one intervening variable so that the information obtained from the results is still limited.