Digital technologies and the financial performance of female SMES in Serbia: The mediating role of innovation

Popović-Pantić, Sanja; Semenčenko, Dušica; Vasilić, Nikola

doi:10.2298/eka2024053p

Cited by 13 publications

(4 citation statements)

References 31 publications

(48 reference statements)

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“…Research studies have investigated the indirect links between digital technology adoption and financial success, emphasizing the role of strategies, resources, and capabilities [75]. Additionally, product innovation plays a vital role in shaping the relationship between digitalization and performance [76]. Combining digitalization with a distinct innovation strategy is deemed essential [77].…”

Section: Digitalization Its Instruments and Its Impact On Company Per...mentioning

confidence: 99%

Impact of Digitalization on Budgeting Functions: An Investigation into Contingency Theory Perspectives

Piosik,

Karmańska

2023

Preprint

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The objectives of this article are to examine whether the application of digitalization in enterprise budgeting affects the fulfilment of budgeting functions and their qualitative characteristics, and to investigate whether the realization of budgeting functions brings benefits. The research was conducted from the perspective of contingency theory, both internal and external conditions. The study used an online survey targeting company budgeting staff. Structural Equation Modelling was utilized to validate the structural model (PLS-SEM technique). The conclusions confirm that the application of digitalization, which particularly pertains to ERP, Business Intelligence systems and accounting systems with budgeting solutions, positively impacts the fulfilment of budgeting functions and most of their qualitative characteristics, while Blockchain makes a minor contribution. Our research suggests that contingency variables, particularly internal ones such as company size, the quality of the organizational structure, and support for competitive strategy, continue to affect budgeting implementation even with the participation of digitalization in budgeting. Budgeting functions and their qualitative aspects are notably correlated with the advantages derived from budgeting, including financial performance, sustainable development and budget task execution.

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Section: Digitalization Its Instruments and Its Impact On Company Per...mentioning

confidence: 99%

Impact of Digitalization on Budgeting Functions: An Investigation into Contingency Theory Perspectives

Piosik,

Karmańska

2023

Preprint

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“…Financial technology is technology in the financial sector that focuses on new things that provide innovation in the development of applications, products or business models in the financial services industry that applies technology (Popović-Pantić et al, 2020;Pruteanu-Podpiera et al, 2008). Financial Technology is an innovation in financial services that provides adaptation to technological developments to facilitate financial services and the financial system to be more efficient and effective.…”

Section: Literature Reviewmentioning

confidence: 99%

Islamic Commercial Bank Performance: The Nexuses by Financial Ratios, Macro Economics, And Financial Technology

Nurlaili,

Miranti

2023

MIEC

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The objective of this study is to examine the relationship between various factors and the performance of Islamic commercial banks in Indonesia over the next 12 periods. The variables considered include Non-Performing Assets, Capital Adequacy Ratio, Insolvency-risk, Inflation, Financial Technology, and Bank Size. The research methodology employed is a quantitative approach with a descriptive analysis. The sampling technique utilized is saturated sampling, resulting in a total of 96 data points. The findings indicate that the Non-Performing Assets (NPA) variable has a significant impact on Return on Assets (ROA), while the ROA variable does not significantly affect the NPA variable. Additionally, the inflation variable does not have a statistically significant effect on ROA, and vice versa. In the short term, the variables that influence bank performance are NPA, Capital Adequacy Ratio, Insolvency-risk, Financial Technology, and Bank Size. In the long term, significant factors influencing bank performance are NPA, Insolvency-risk, Financial Technology, and Bank Size. The Impulse Response Function (IRF) test demonstrates that ROA shows a positive response to the impact of NPA, Capital Adequacy Ratio, Inflation, Financial Technology, and Bank Size, while it exhibits a negative response to shocks caused by inflation. Throughout the study period, the variable with the greatest contribution remains Financial Technology, followed by other variables. Ultimately, the aim of this study is to provide insights for future policy implementation and decision-making within companies

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“…Besides the above, existing research on participation of women - owned SMEs focuses on aspects such as gender-based analysis of the access to public procurement (Popović-Pantić et al , 2020), including SMEs and women in public procurement (Inostroza, 2016), factors influencing women participation in government procurement (Makena, 2016) and challenges and strategies for survival of women entrepreneurs and government tenders (Bomani and Derera, 2020). The majority of the research focusing on SME participation in public procurement takes a wholistic approach, while the other information on participation of women - owned SME firms in public procurement is majorly found in the grey literature, e.g.…”

Section: Introductionmentioning

confidence: 99%

Participation of women-owned SMEs in public procurement: the role of entrepreneurial orientation and knowledge management orientation

Tukamuhabwa

Namagembe

2023

JOPP

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Purpose This study aims to examine the influence of entrepreneurial orientation and knowledge management orientation on participation of women-owned small and medium enterprises (SMEs) in public procurement. The research also aimed at examining the influence of knowledge management orientation on entrepreneurial orientation, and the mediating role of entrepreneurial orientation on the relationship between Knowledge management orientation and participation of women-owned SMEs in public procurement. Design/methodology/approach The study used a quantitative cross-sectional survey design. Data were collected using a drop-off pick-up method. The determined sample size for the women-owned SME firms was 123, while an effective sample size of 103 was obtained, and covariance-based structural equation modelling was used to test the research hypotheses. Findings Findings indicated that entrepreneurial orientation and knowledge management positively and significantly influenced both the search for tender opportunities and the number of times the firm submitted bids. Knowledge management orientation had a significant positive influence on entrepreneurial orientation, while entrepreneurial orientation partially mediated the relationship between knowledge management orientation and participation of women-owned SMEs in public procurement, thus implying that both knowledge management orientation and entrepreneurial orientation contribute to search for tender opportunities and the number of times a woman-owned SME firm submits bids. Research limitations/implications The study was cross-sectional and quantitative in nature, yet it involved behaviour aspects such as participation in public procurement. Further, a wholistic approach is taken when studying the SMEs disregarding the industrial characteristics to which the SME belongs. Social implications Almost 30% to 38% of SMEs in developing countries are owned by women. Focusing on increasing the number of women owned SMEs participating in public procurement will improve the nations’ GDP and increase the number of the citizens in the labour force due to increased employability. Originality/value Previous research takes a wholistic approach when examining SMEs participation in public sector procurement disregarding the impact of gender. Further, knowledge management orientation and entrepreneurial orientation in women-owned SMEs are studied for the first time in a public procurement setting.

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Digital technologies and the financial performance of female SMES in Serbia: The mediating role of innovation

Cited by 13 publications

References 31 publications

Impact of Digitalization on Budgeting Functions: An Investigation into Contingency Theory Perspectives

Impact of Digitalization on Budgeting Functions: An Investigation into Contingency Theory Perspectives

Islamic Commercial Bank Performance: The Nexuses by Financial Ratios, Macro Economics, And Financial Technology

Participation of women-owned SMEs in public procurement: the role of entrepreneurial orientation and knowledge management orientation

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