Purpose The purpose of this paper is to investigate the drivers of the depth of halal standard implementation in the halal-certified food manufacturing small- and medium-sized enterprises (SMEs). The second aim of this paper is to empirically examine the effect of halal standard practices on the SME’s performance. Design/methodology/approach Of the 143 halal-certified SMEs in Solo Raya, Province of Central Java, Indonesia, 83 were willing to take part in the present research. The survey was carried out by an on-site visit to the targeted respondents. A structured questionnaire was used to gather primary data. Partial least square structural equation model was then used to analyze the collected data. Findings The results proved that internal motivation and organization commitment positively affect halal standard implementation, while external pressures do not. The external pressures influence the depth of halal standard implementation through internal motivation as a mediating variable. Furthermore, the depth of halal standard implementation leads to the improvement of operational performance. The improvement of operational performance can further encourage the increase of market performance and financial performance. Research limitations/implications The first limitation of this research is about the samples in which they are small-sized and restricted to food manufacturing SMEs. Another limitation is the subjectivity of SME’s managers when evaluating performance, which may provide imprecise measures of performance. Practical implications The findings suggest the notion that success of halal standard implementation depends on the capabilities of SMEs to convert the external pressures into internal motivation. Moreover, food-manufacturing SMEs should consider halal standard as an innovative tool to be applied in their daily operation and production as the halal standard has a significant role in influencing SME’s performance. Originality/value To the best of the authors’ knowledge, this research is the first attempt in integrating drivers, halal standard implementation and performance in the specific context of food manufacturing SMEs in Indonesia.
Abstract:The purpose of this reseach is to examine the influence of independent commissioner, audit committee, and financial distress to integrity of financial statement of property and real estate companies listed in Indonesia Stock Exchange either partially or simultaneously for the years 2005-2014. This research was performed using panel data regression with the help of a computer program Eviews version 8.0. The results of partially for the year [2005][2006][2007][2008][2009][2010][2011][2012][2013][2014], that only independent commissioner which has influence on the integrity of financial statements, while audit committee and financial distress has no effect on integrity of financial statements. While simultaneously independent commissioner, audit committee, and financial distress jointly have a significant impact on integrity of financial statements. Recommendation for next studies to added new independent variables that predicted influence to integrity of financial statements, such as independency and quality auditors and good corporate governance mechanism.Key words: independent commissioner, audit committee, financial distress, integrity of financial statements.Abstak: Tujuan penelitain ini adalah untuk membahas tentang pengaruh komisaris independen, komite audit dan financial distress terhadap integritas laporan keuangan pada perusahaan property dan real estate yang terdaftar di Bursa Efek Indonesia baik secara parsial maupun simultan pada tahun 2005-2014. Penelitian ini dilakukan dengan menggunakan regresi data panel dengan bantuan program komputer Eviews versi 8.0. hasil penelitian secara parsial pada tahun 2005-2014 menunjukkan bahwa hanya komisaris independen yang memiliki pengaruh terhadap integritas laporan keuangan, sementara komite audit dan financial distress tidak berpengaruh terhadap integritas laporan keuangan. Sedangkan secara simultan, variabel komisaris independen, komite audit dan financial distress secara bersama-sama mempunyai pengaruh terhadap integritas laporan keuangan. Disarankan untuk penelitian berikutnya untuk menambah variabel independen baru yang diprediksi dapat berpengaruh terhadap integritas laporan keuangan seperti independensi dan kualitas auditor dan mekanisme good corporate governance.Kata Kunci: komisaris independen, komite audit dan financial distress, integritas laporan keuangan. PENDAHULUANPenyajian laporan keuangan yang wajar mensyaratkan penyajian secara jujur dampak dari transaksi, peristiwa dan kondisi lain dalam suatu entitas. Dengan demikian, laporan keuangan harus menyajikan informasi yang berintegritas tinggi (PSAK no. 1, 2014). Integritas laporan keuangan adalah laporan keuangan yang menampilkan kondisi suatu
The purpose of this research is to prioritize the factors that is important for the successful of halal food standard practice in food manufacturing small medium enterprises (SMEs). This study employed a non-probability convenience sampling method for collecting data. The main instrument for data collection is using a structured questionnaire. The respondents of this research is halal-certified SMEs in Solo Raya. A partial least square structural equation model (SEM-PLS) was applied to test the proposed structural model. Subsequently, the importance-performance map analysis (IPMA) was performed to prioritize the critical success factors that need special attention by SMEs’ managers intending to adopt halal standard in their daily food production. Finding of this research revealed that employee involvement has a positive and significance impact to the halal food standard practices in food SMEs. Another factors, namely management support and customer focus have also a positive impact but not statistically significant. Findings from IPMA indicate that SMEs should focus on the employee involvement. The findings of this study are beneficial not only for SME’s manager but also for government institution responsible to the development of SMEs.
Sarong goyor becomes one of the excellent product of Sukoharjo city. Most of the production centers of small medium enterprise (SME) sarongs have been exported overseas, especially to African countries and the Middle East. The business of making this sarong is a hereditary business that is still maintained until now, which in the production process is still done manually using non-machine loom (ATBM). This study aims to determine the relative efficiency of SMEs gloves by using the integration of fuzzy concepts and Data Envelopment Analysis (DEA). The input variables considered include raw material costs (CMTR), direct labor costs (CDHR), and other costs (FCST). The output variables analyzed consist of sales (REVN) and profit (PRFT). The results show that there are four SMEs as an inefficient Decision Making Unit (DMU), in one DMU operating on decreasing return to scale (DRS) and three DMUs operating on increasing return to scale (IRS).
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