INTERNATIONAL TRADE DEVELOPMENT TOWARDS A COUNTRY STABLE BUSINESS
Li Hongjie; Salman Faris*, Widya Sari
Abstract: In order to function professionally and fascinate inbound asset in the context of worldwide businesses, a steady and modest commercial environment will be essential. Trades can evaluate the characteristics together with difficulties, for example, corruption, radical variability, and violence to gain a better understanding of an operating environment’s strengths and limitations, as well as make planned choices regarding the investment. In light with the exposed economy and globalisation tendencies, businesses have met a variety of difficulties, each with its own set of risks. As a result, an active danger valuation tactic and organisation will be critical for business financial safety, particularly for countries doing business with other countries. The substance of the risk management plan is presented in this article, which aids in the framework of the corporate risk management process and provides ways for dealing with risks.
[ FULL TEXT PDF 1-4 ] DOI: 10.30566/ijo-bs/2021.12.75
RISK MANAGEMENT TOWARDS GLOBAL FINANCIAL CRISIS IN MANAGEMENT ACCOUNTING AND CONTROL
Ji Qi; Widya Sari*, Ayu Andari
Abstract: Up-to-date global events, including the international disaster in finance, have refocused care on risks where the essence of the schemes function to manage risks and intensify them. The interconnection between the management of the hazards, accounting of the management and the related practice to the control is a zone that got comparatively slight care. This article introduces the topic of managing the risks regarding accounting and control. It is argued that the risks and the method applied to manage the risks management is a hallmark of the administrative and structural lifecycle where the community and private subdivisions are considered. By modifying structural and administrative observes, a selected number of regulation patterns can be simplified and legitimised utilising the management of the risks. It would be capable of altering the shapes of liability and answerability in the organisational and structural sectors. Besides, it can represent a certain method of managing people and happenings. The quarrel was also made, and the management of the risks was shifted from a matter of very simple interest to the finance (value-at-risk, offshoots, and few others) or for accountants (publishing statements related to the finance few others). It has management accountants. Furthermore, this paper will highlight the possible effects related to the management of the hazards and risks in which matters of faith and liability are to be included while managing subordinate or self-justifying risk and increased reputational risk is to be focused.
[ FULL TEXT PDF 1-5 ] DOI: 10.30566/ijo-bs/2021.12.74
STUDY OF AN IMPORTANT CONDITION OF SUCCESSFUL BUSINESS ADMINISTRATION: EFFECTIVE HUMAN RESOURCE MANAGEMENT
Liu Haohao; Christin Agustina Purba*, Cut Fitri Rostina
Abstract: This article investigates perspectives on increasing the effectiveness of modern enterprises’ business administration by improving human resource management. To verify the paper’s hypothesis, this paper uses factor analysis methods and correlations and regression analysis to determine how human resource management contributes to the success of business administration. This paper identifies the most important indicators in the success of business administration. It describes how human resource management contributes to achieving this success before the authors offer recommendations for increasing the effectiveness of human resource management within an enterprise. This study found that effective human resource management is the most important condition for successful business administration, which indicates that companies today must pay particular attention to human resource management as part of their business administration processes. Moreover, perspectives on increasing the effectiveness of modern enterprises’ business administration by improving human resource management processes are connected to the growth of the personal aspect of human capital.
[ FULL TEXT PDF 1-5 ] DOI: 10.30566/ijo-bs/2021.12.73
MEASURING THE SOCIAL IMPACT AND ITS IMPLICATIONS IN BUSINESS ADMINISTRATION
You Wenhua; Widya Sari*, Christin Agustina Purba
Abstract: In recent years, management researchers have paid increasing attention to investigating how companies can develop profitable operations whilst simultaneously considering social and environmental concerns. Nonetheless, it is crucial to question how companies can determine whether their solo or collaborative efforts positively impact their target populations. Several issues must be addressed to assess the actual impacts, including causality, cost, and comparability. Cost is significant because most assessment techniques require data to be collected and analysed. Several alternative ways of evaluating such impacts will be discussed in the present work. Moreover, recommendations for future research into the topic will be made. The fundamental purpose of this work is to enhance understanding of how to measure environmental and social impacts and how measurement practices can help companies achieve economic and social goals.
[ FULL TEXT PDF 1-4 ] DOI: 10.30566/ijo-bs/2021.12.72
DOES INNOVATION CAPABILITIES LEAD TO COMPETITIVE ADVANTAGE IN THE SUDANESE INDUSTRIAL FIRMS
Dr. Arafa Gibreel Abu Naseeb; Dr. Anwar Tebein Mohamed Arbab
Abstract: This study examines how innovation capabilities can achieve competitive advantage. This study attempts to establish the impacts of elements of innovation capabilities on competitive advantage in Sudanese industrial firms. This study thoroughly reviews pertinent literature expected two aspects of innovation capabilities: radical and incremental innovation. The research questions were investigated through questionnaires with top-level managers operating in Sudanese industrial firms in Khartoum State. The study used structural equation modelling (SEM) for analysis. The results show that incremental innovation is significantly positive with competitive advantage (cost, quality, flexibility, and delivery), while radical innovation is not significant to the competitive advantage (quality, delivery).
[ FULL TEXT PDF 1-10 ] DOI: 10.30566/ijo-bs/2021.12.71
MODEL OF HETEROGENEOUS AGENTS AND NOISE TRADERS’ RISK: A CASE OF CONCEPTUAL FRAMEWORK
Asrat Araya Silassie; Dr. Jauhari Dahalan, Dr. Barudin Muhammad
Abstract: Purpose: This paper aims to review the market assets bubble and demonstrate how this asset bubble is related to the financial market, including the housing market, using a heterogeneous agent model. Design/ Method/ Approach: Our approach to this work is first, review the market asset bubbles, which includes its history, second review the diverse processes of assets bubble in the financial markets, including the housing market. Findings: Since this paper is a conceptual approach toward the market asset bubbles, the heterogeneous agent-based system under the noisy rational expectation equilibrium model has been discussed. Research limitations: The studies of market asset bubbles are abundant; however, most of the properties of the models under rational expectation equilibrium can fully capture the elements of market asset bubbles. Similarly, our paper has this inherent research limitation, too, for which much work is needed in this area of study. Practical implications: This reviewed work of ours will impact the market asset bubbles regarding the heterogeneous model used here since works related to applying this model in the asset markets are limited.
[ FULL TEXT PDF 1-10 ] DOI: 10.30566/ijo-bs/2021.12.70