Journal of Entrepreneurship, Business and Economics

1-17

Authors: Masturah Ma’in, Shahariah Asmuni, Sutina Junos, Siti Nurhafiza Rostam, Noor Hidayatul Aqmar Azmi, Khairunnisa Rabiah Sahidza

Firms that are ESG compliant have better governance, care more about the environment and sustainable development, have lower profits volatility and access to lower-cost funding. Many investors can easily make judgment based on firm performance rather than financial success if ESG is incorporated into a firm's investment decision. The purpose of this study is to examine the relationship between ESG score, profitability, growth domestic product (GDP) growth, labor force, and population with Malaysian firms’ performance. A multiple regression technique is used to estimate the ordinary least square (OLS) method from year 2010 to 2020. The result identifies that ESG score, GDP growth, and population has significant relationship with firm performance.

44-62

Authors: Roslina Mohamad Shafi, Norsaliza Abu Bakar

Climate change and environmental issues have an impact on the overall stability of the financial system. Intermediaries that operate on a long-term horizon are exposed to the consequences of extreme environmental events. Banking sectors and insurance companies could be the most vulnerable and sensitive to these issues. Consequently, the aims of this paper is to review recent development on the risk frameworks developed by regulators and to classify the climate-related risks, and to explore whether these risks affecting the costs and benefits that is related to organizations.

86-109

Authors: Hafierul Hafiz Md Razi, Khairil Adam Roslly, Salehhuddin Jurimi, Sharizan Sharkawi

The Separation at Source Initiative (SSI) was launched and became effective in September 2015 under the Solid Waste and Public Cleansing Management Act 2007 (Act 672). Malaysian households were required to participate by implementing waste separation at home, which fell under the classification of waste minimization and production goals. This qualitative research attempted to explore why the Separation at Source Initiative (SSI) did not fully commission in Malaysia. A content analysis approach was conducted to explore the obstacles and challenges of the citizen's participation in the SSI program in Klang Valley, Malaysia. Five individuals participated in this pilot study where data was collected using in-depth interviews. Several open-ended and probing questions were asked to elicit responses and experiences from the participants. Data collected was then analysed using Braun and Clarke’s thematic analysis, where units of meaning were identified from the participants’ responses. Creation of initial codes and categories were then developed and several themes had emerged from the data analysis process. Findings revealed that lack of enforcement, facilities, awareness and incentives as some of the barriers for participating in the SSI. Suggestions for better participation in SSI were also proposed to the rightful stakeholders in ensuring successful implementation of the program.

127-138

Authors: Ahmad Nizam Bin Mohd Yusof, Hartini Zuhaila Binti Jamal

The goal of this article is to investigate the role of human resource management (HRM) on innovation, organisational culture, and effectiveness. Firms' competitiveness and economic performance suffer when they are unable to expand and maintain their innovation capabilities. Malaysia's innovation capacity remains low. Furthermore, the lack of research and development (R&D) and innovation capabilities in the country shows significant hindrance. The ability of information and communications technology (ICT) enterprises to innovate is understudied despite the number of studies on the issue, specifically on ICT SMEs in Malaysia. Small and medium-sized enterprises (SMEs) in developing countries have received little attention in previous studies on Malaysian innovation because those studies have mostly focused on the manufacturing sector and include only large corporations from the West. A survey technique is applied to gather information from the owners, CEOs, and managers of ICT SMEs. This study plan to receive and evaluated 200 responses in total. The research models and hypotheses were evaluated using the Partial Least Squares (PLS) method. This research addresses the gap between Human Resource Management and innovation The study's goal is to improve and evaluate a theoretical framework that connects HRM and inventive potential. The study's objective is also to enhance and test a theoretical framework linking HRM and innovative capability. This research addresses the gap between Innovative Centric Human Resource Management and innovation, as well as the connection between HRM and organization culture in the context of innovation.

172-191

Authors: Merryandi Queen Tirtana, Albert Hasudungan, Valrhona Castella Tjong, Erica Novianti Lukas

The world is shifting digitally and just like humans, businesses need to adapt as well in order to keep up in this digital business era. In order to survive the current era, especially with the ongoing global pandemic, many micro, small, and medium enterprises (MSMEs) adopt e-commerce technologies to assist in their business growth. Several theories of e-commerce adoption have been proposed; the Technological Organizational and Environmental (TOE) Framework presents the impact of theoretical aspects in technology adoption. Therefore, this study aims to examine and identify how the TOE framework of e-commerce adoption contributes to improving the growth sales of MSMEs in the digital business era. The study utilizes cross-sectional data targeting 150 MSME owners and managers in Java’s Big City Clusters of Jabodetabek (Jakarta, Bogor, Depok, Tangerang, Bekasi). The analysis was divided into three stages of analysis: the multi-stage regression analysis, the confirmatory factor analysis, and the regression analysis. The final result shows that technological and organizational factors have a significant and positive relationship with the growth of MSME e-commerce sales. Meanwhile, the environmental factor shows otherwise due to external parties giving uncertainty to the growth of the business by adopting the technology. The negative result is affected by several factors, one of which is the use of latent variables, making it uncertain to sum any conclusion. Hence, it is implied that MSMEs need to continue or even improve business performance by being compatible with its infrastructure, and must be able to leverage the relative advantages of using the electronic commerce platforms as a tool. Moreover, MSMEs are expected to be ready to develop their business internally while remaining vigilant and prepared for future situations that may arise. Furthermore, policymakers should implement policies to support MSMEs in becoming multichannel sellers.