Developing Capabilities for Sustainability in Family Small Enterprises

Though literature in family perpetuity and sustainability is well documented from the advanced economies, there is scarcity of insights from emerging markets where this research relates. The study, therefore, sought to investigate, understand, and interpret the underlying drivers of sustainability in small family businesses using the stewardship theory paradigm in the Nigerian family business environment. A qualitative method with 41 in-depth interviews involving owners and managers of family-owned small and medium businesses was conducted. The study empirically shows that there is an interrelationship between family structure and business sustainability; hence, the practice of polygamy was found to be inimical to family business success and sustainability. Building on the stewardship theory, the paper develops a model of sustainability for small and medium family businesses. The study contributes to the theoretical literature on stewardship and family business sustainability.

ANALISIS PENGELOLAAN DAN AKUNTABILITAS LAPORAN KEUANGAN BADAN USAHA MILIK DESA (BUMDes) DI KECAMATAN GUNUNGSARI KABUPATEN LOMBOK BARAT

Penelitian ini bertujuan untuk mengetahui pengelolaan dan akuntabilitas laporan keuangan dari Badan Usaha Milik Desa (BUMDes) yang berada di Kecamatan Gunungsari Kabupaten Lombok Barat. Metode penelitian yang digunakan deskriptif pendekatan kualitatif dengan teknik pengumpulan data melalui wawancara dan purposive sampling. Adapun informan pada penelitian ini yaitu Ketua BUMDes, Kepala Desa yang secara ex officio selaku Penasihat BUMDes dan Ketua BPD selaku Pengawas dari BUMDes. Hasil penelitian ini dapat disimpulkan bahwa untuk pengelolaan maupun akuntabilitas dari laporan keuangan BUMDes belum berjalan dengan baik. Berdasarkan hasil wawancara berdasarkan indikator pengelolaan, kepengurusan BUMDes saat ini baru terbentuk sehingga belum berjalan maksimal. Karena hal tersebut pula dari pihak BUMDes juga belum membuat dan menyerahkan pertanggungjawaban dalam bentuk laporan keuangan kepada Kepala Desa dan Ketua BPD, sehingga dapat dikatakan bahwa BUMDes belum maksimal dan harus bekerja lebih keras untuk dapat maju, berkembang dan memberikan sumbangsih kepada desa masing-masing. Selain informasi yang kurang, hasil dokumentasi juga tidak sepenuhnya lengkap seperti yang diharapkan karena keterbatasan jangkauan penelitian akibat dari Covid-19. Kebaharuan penelitian ini adalah dimana peneliti menganalisis mengenai pengelolaan yang meliputi perkiraan (forecasting), perencanaan (planning), pengorganisasian (organizing), pelaksanaan (actuating) dan pengendalian (controlling). Sementara untuk akuntabililtas meliputi akuntabilitas vertikal (internal) dan akuntabilitas horizontal (ekstsernal). Secara teoritis, penelitian ini dapat memberikan implikasi yang luas mengenai stewardship theory. Secara praktis, penelitian ini memberikan implikasi bagi pihak pengurus BUMDes agar lebih baik dan disiplin mengenai pengelolaan BUMDes dan pelaporan keuangan BUMDes agar mempermudah apabila diminta mengenai pengecekan laporan keuangan dalam bekerja. Secara kebijakan, penelitian ini memberikan implikasi bagi pihak pengurus BUMDes agar kedepannya lebih memperdalam pengetahuan atau teori mengenai BUMDes sehingga dalam menjalankan pengelolaan BUMDes akan lebih maksimal terutama mengenai pelaporan keuangan BUMDes.

A gondoskodó elmélet megjelenése a családi vállalkozásokban

A szerzők célja, hogy bemutassák egy a hazai szakirodalomban még kevéssé ismert, de fontos menedzsmentelmélet alkalmazhatóságát a családivállalkozás-kutatásban. A közismertebb ügynökelmélet (agency theory) hiányosságaira reagálva jelent meg a gondoskodó elmélet (stewardship theory) a menedzsment területén. A gondoskodó elmélet jellemzőit a családi vállalkozások szemszögéből mutatják be. Kvalitatív kutatással esetpéldákon keresztül vizsgálták a magyarországi családi vállalkozások vezetőivel készített interjúkban a gondoskodó elmélet összetevőit. A vizsgált vállalkozások különböző területeken működnek, irányításukban még az alapító generáció is részt vesz valamilyen formában. Ennél fogva alacsony komplexitású családi vállalkozásoknak tekinthetők. Elemzésük alapján az interjúkban a gondoskodó elmélet összetevői egyértelműen megjelennek. Véleményük szerint a gondoskodó elmélet alkalmazása hozzájárulhat ahhoz, hogy a vállalkozáskutatások számára biztosított keretet árnyalja Magyarországon.

An Examination to Explain the Mechanism of Employees’ Environment-Specific Behavior through CSR and Work Engagement from the Perspective of Stewardship Theory

Corporate social responsibility (CSR) has emerged as an imperative for every sector globally. Yet, for a long time, the concept of CSR has been regarded from an organizational perspective. However, the importance of CSR in shaping the extra-role behavior of employees, such as their pro-environmental behavior (PEB-E), has been under-explored in the literature. Against this backdrop, the current study aims to investigate the impact of CSR on PEB-E with the mediating effect of work engagement (W.E) in the context of a emerging country. The study also employs stewardship theory as an alternate theory to explain the proposed relationships. The data of the current study were obtained from SME sector through a self-administered (paper-and-pencil method) questionnaire. A random sample of employees (n = 398) from different SMEs was selected and analyzed through structural equation modeling. The results of the current survey revealed that CSR directly and indirectly, via W.E, predicts PEB-E positively. The findings of the current study will be helpful for policymakers to understand that well-planned CSR activities, not only create positive repute for an SME, but also provide the underlying justification to its employees to be engaged in different environment-specific behaviors.

Kompetensi Aparatur Desa, Komitmen Organisasi, Kejelasan Sasaran Anggaran dan Akuntabilitas Pengelolaan Dana Desa

This study aims to determine the effect of village apparatus competence, organizational commitment, clarity of budget targets on the accountability of village fund management. The sample of this research was 30 villages in Buleleng Regency with the number of respondents as many as 120 people. The method of determining the sample using purposive sampling method and data collection using a questionnaire. The data analysis technique used is multiple linear regression analysis. The test results of this study indicate that the competence of village officials, organizational commitment, and clarity of budget targets have a positive influence on the accountability of village fund management. The results of this study prove empirically that the stewardship theory and compliance theory have been confirmed and are able to explain the effect of village apparatus competence, organizational commitment, and clarity of budget targets on accountability of village fund management. Keywords: Village Apparatus Competence; Organizational Commitment; Clarity of Budget Targets; Accountability.

Corporate Governance: The Sustainability Quest

In recent times, the concept of corporate governance has become a topical interest to both academia and industry, the focus of attraction has mostly been on the need to understand its potency in advancing a corporation’s ultimate interest, and hence the necessity for this study. This study aims to examine corporate governance. The study utilized a narrative literature review methodology to examine the concept of corporate governance, essence of corporate governance, scope of corporate governance, principles of corporate governance, internal corporate governance controls, external corporate governance controls, merit of corporate governance, and stewardship theory perspective to corporate governance. The study finally made postulations on the prospect of corporate governance.

Proposing Stewardship Theory as an Alternate to Explain the Relationship between CSR and Employees’ Pro-Environmental Behavior

The aim of the current analysis is to test the relationship between corporate social responsibility (CSR) and employee’s pro-environmental behavior (E-PEB) with the mediating effect of servant leadership (SL). The data of the current study were collected from banking employees (n = 392) serving in different banks of Pakistan through a self-administered (paper–pencil method) questionnaire and analyzed by employing structural equation modeling (SEM). The empirical results revealed that CSR directly influences E-PEB; however, this relationship is better explained in the presence of SL as a mediator (mediation explained 35% variation in E-PEB). The findings of this analysis will help academia and the banking industry improve their understanding of CSR to shape employees’ environment-specific behavior. Further, these findings will also help to deal with climate change by engaging the bank employees in different environment-specific activities to improve the overall environmental footprint of a bank.

Political ties and corporate performance: why efficiency matters?

PurposeThe purpose of this paper is to examine and explain the complex interrelationships which influence the performance of politically connected firms to create value for their providers of finance and other stakeholders. In doing so, it examines the interrelationships between efficiency and delivering on corporate performance of a firm with political ties.Design/methodology/approachThe authors gathered the literature from the Scopus website. They reviewed the literature of 58 manuscripts about the efficiency and performance of politically connected firms.FindingsThe research finds that the better quality of efficiency of politically connected firms is positively related to the corporate performance of politically connected firms. The authors’ theoretical findings corroborate the political theory, agency theory, stakeholder theory, resource dependency theory and stewardship theory. These theories prove that political connections have an impact on firm performance as a politician reinforces the efficacy. To better understand the effect of political connections on solid performance due to efficiency, this study classifies various efficiencies and links them with political ties.Research limitations/implicationsSeveral avenues of research are suggested to examine further the interrelationships identified.Practical implicationsThe authors’ conceptual findings are valuable for institutional investors, policymakers and stakeholders. To sum up, all theoretical shreds of evidence prove that politically connected firms can enhance performance via efficiency.Originality/valueThe paper conceptualizes the efficiency and performance interrelationships of politically connected firms. The extant literature comparison allows an assessment of the extent to which different efficiency contexts lead to differences in performance.