Journal of Social Economics Research

How leadership style influences the enterprise sustainability and innovation

2024-04-09T03:46:20-05:00

This paper aims to analyze the influence of leadership types on enterprise innovation, fostering enterprise sustainability and development. The research analyses specific leadership types, approaches, and theories in enterprises with the aim of linking the specific leadership style with enterprise sustainability and innovation. The study was conducted with 100 respondents from different enterprises. During research, both qualitative and quantitative data were used. The primary data were collected through structured questionaries’ and semi-structured interviews. Beside those, a large number of secondary and tertiary data were collected and analyzed in order to compare the results obtained with actual literature worldwide. The SPSS package was used to analyze primary data, and based on the comparison of the results obtained; it is visible that the most commonly applied leadership style by managers and leaders in Kosovan enterprises is democratic leadership, followed by the autocratic leadership. Results have shown that the laissez-faire style has been minimally implemented. It is a final conclusion that autocratic leadership and democratic leadership styles have imposed a positive influence on innovation processes in enterprises, as well as that there is a positive relationship between effective leadership and the presence of innovations in the surveyed enterprise cases. Different leadership styles have different impacts on sustainability, enterprise working culture, and working creativity and innovation, so the article suggests that leaders in enterprises should be able to establish creative thinking that requires innovative ideas and ways for long-term sustainability.

The right literacy on the right performance: Does Islamic financial literacy affect business performance through Islamic financial inclusion?

2024-05-27T00:57:51-05:00

This study examines how Islamic financial literacy and Islamic financial access contribute to the performance of Halal MSMEs using knowledge-based theory. Micro, small, and medium-sized halal businesses (MSMEs) have an important role in the economy and the rapid growth of the world halal industry. The success of halal MSMEs depends on a number of factors, including the availability of Islamic funding and the financial literacy of Islamic finance. This study adopted a hierarchical regression model to examine quantitative data from a sample of 209 halal MSMEs' owners and managers in Malang Raya, Indonesia. The findings demonstrate that a high level of Islamic financial literacy can encourage Islamic financial inclusion, while inclusive Islamic financial institutions have a significant impact on MSMEs’ performance. In promoting inclusive Islamic finance, this study contributes by describing how Islamic financial inclusion affects the performance of Halal MSMEs and the level of society's knowledge on Islamic finance. Implications: Once MSMEs have a strong understanding of the Islamic finance principles, they are more likely to use these resources to increase access to Islamic finance; thereby leading to business growth and expansion. For this study, the halal industry within the food and beverage sector is a noteworthy production sector.

Effect of petrol subsidy removal on government income, cost of living, consumption patterns, savings and investment, and SMEs performance

2024-06-14T23:47:08-05:00

The purpose of this study is to examine the effect of petrol subsidy removal on government income, cost of living, consumption patterns, savings and investment, and SMEs performance. The study adopted a survey research design, and the population comprised government officials, SME operators, and individual households in the state capital metropolis of the North Central states in Nigeria. We used a convenient sampling technique to select the respondents from a sample size of 483. The study used a questionnaire to collect data, and SmartPLS used partial least squares structural equation modeling for analysis. The study found that petroleum subsidies have a negative and significant effect on consumption patterns, the cost of living, savings and investment, and SME performance. However, it has a positive and significant effect on government income. The study also found that government income and SMEs performance have a positive and significant effect on living standards among people in north-central Nigeria. The study emphasises the need for well-calibrated strategies to minimise the socioeconomic effects of the government's petrol subsidy removal policy. Targeted social safety nets, poverty reduction programmes, and alternative energy investment must balance budgetary sustainability and citizen well-being. SMEs must adjust to changing customer behaviour, and individuals must be encouraged to make smart financial decisions to counterbalance petrol subsidy removal.