Journal of Business

Budget Practices in SME companies in Georgia

Metin Mercan, Lia Simonishvili — Mon, 11 Nov 2024 00:00:00 +0400

This paper explains the importance of the company's budget and cash flow. It shows how important it is for businesses to turn their spending into cash flow while making important choices.Not only the budget but also cash flow play a much greater and more vital part in the performance of economic activities nowadays. It allows accountants and financiers to manage plans, income, and expenses in order to improve the company's efficiency. Furthermore, a better understanding of costing and cash flow allows organizations to choose a budget that is appropriate for a specific strategy and accomplish the intended goals. And when it comes to businesses, budgeting lets them get a better idea of how the Financial Accounting Center or certain functional areas work over time.

Examining motivation challenges of women entrepreneurs in Georgia

Tatiana Papiashvili, Goderdzi Buchashvili — Fri, 13 Dec 2024 00:00:00 +0400

The aims of this research are twofold: to explore the evolution of female’s motivation to choose an entrepreneurship as a career choice in two-time frames – pre- and post- pandemic periods; and to study internal and external factors that build Georgian women’s motivation.

The reach method is heavily qualitative due to exploratory nature of the research. Desk study was performed which consisted of collection and analysis of literature, information from governmental agencies, reports of national and international organizations. Primary data from surveys conducted by national (Geostat) as well as international organizations (PricewaterhouseCoopers Georgia LLC, UNECE, International Trade Centre, Asian Development Bank, Global Entrepreneurship Monitor) are used. Women entrepreneurs in Georgia are studied as a country-specific case. A number of in-depth interviews with Georgian women entrepreneurs were conducted. Since 2021 Georgian economy has demonstrated economic recovery that relies on sustainable and inclusive growth. Women’s entrepreneurship is an integrated part of it. This sub-sector of Georgian economy has been disproportionately impacted by the pandemic crisis. The pandemic enhanced necessity-driven motivation. Subsequent restructuring of economies opens new opportunities and creates additional motivation for establishing new businesses

Employee’s Commitment and Labour Mobility in the Nigerian Banking Sector

Augustine Chibueze Iherobiem, Mayowa Ebenezer Ariyibi — Mon, 11 Nov 2024 00:00:00 +0400

The objective of the study is to examine the effect of employee commitment on labor mobility in the Nigerian banking sector. In order to accomplish the study's goal, a descriptive survey approach was used. Four purposefully selected deposit money banks operating in Lagos, Nigeria, make up the study's population and they are Guaranty Trust Bank, Access Bank, FCMB, and First Bank of Nigeria. One hundred and twenty (120) employees were selected as the sample size from the population, and a primary source of data collection was used. The instrument for gathering data was a questionnaire and this was distributed at random to the several organizational levels of the chosen deposit money banks in Lagos, Nigeria. Out of all the employees in the chosen deposit money banks, 102 employees completed and returned the questionnaire to the researcher, accounting for 85% of the total number of respondents. Regression analysis was used to ascertain the relationship between the study variables, and the data were presented in tables using frequencies and percentages. The predictor variables of employee commitment (normative, affective, and continuance) and labor mobility were found to have a positive and significant relationship, with R2 values of 0.793, 0.807, and 0.790, respectively. After that, it was concluded that employee commitment is a crucial component of labor mobility within an organization and recommended that Deposit Money Banks in Nigeria concentrate on raising employee engagement and creating a feeling of community within their staff.

The Determinants of Environmental, Social, and Governance Performance

Lika Asashvili, Arian Matin, Nia Todua — Wed, 11 Dec 2024 00:00:00 +0400

Promoting a Transformational Leadership style in business can fundamentally impact Environmental, Social, Governance (ESG) performance. This study examines determinants of ESG and uses Transformational Leadership, Digital Adoption, Organizational Innovation, and Firm Competitiveness as independent variables to analyze changes in ESG activities. The study explores the mediation effect of organizational innovation among Transformational leadership and ESG, as well as digital adoption and ESG. The main aim of this research is to identify elements that can contribute to environmental, social, or governmental performances. The paper uses qualitative research for the study and utilizes 114 valid questionnaires to conduct a comprehensive and empirical analysis. The questionnaire was collected in Georgia Tbilisi, and the existing hypothesis was tested by conducting structural equation modeling with the collected questionnaire. After controlling for firm ownership and firm size the results of the study indicate that all independent variables have a positive effect on ESG performance and the mediation effect is not significant. The paper used artificial neural networks(ANN) analysis, and the results show that the most important variable affecting ESG performance is Transformational Leadership. This study adds an understanding of the relationship between TL and ESG and expands the literature that Transformational Leadership is significant to implement ESG performance.