Globalization and employment nexus: Moderating role of human capital

Mushtaq, Mansoor; Ahmed, Shabbir; Fahlevi, Mochammad; Aljuaid, Mohammed; Saniuk, Sebastian

doi:10.1371/journal.pone.0276431

Cited by 15 publications

(15 citation statements)

References 45 publications

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“…Financial performance is an important aspect of CSR for manufacturing companies in Indonesia because it can have a significant impact on a company's long-term sustainability and its ability to continue to operate and create positive social and environmental results [37]. CSR activities can require significant financial investment, and a company's financial performance determines its ability to allocate resources to such initiatives [38]. Financially stable companies are more likely to invest in CSR initiatives that can have a positive impact on society and the environment [39].…”

Section: Financial Performancementioning

confidence: 99%

The effect of voluntary disclosure on financial performance: Empirical study on manufacturing industry in Indonesia

et al. 2023

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The manufacturing sector’s adherence to managing natural resources from the environment still needs to be improved. This study’s objective is to determine how Corporate Social Responsibility (CSR) influences the financial performance of manufacturing firms featured in the LQ45 Index, as measured by Return on Assets (ROA), Return on Equity (ROE), and Net Profit Margin (NPM). All manufacturing companies that are included in the LQ45 Index’s population for this study were sampled using the purposive sampling method. This study uses secondary data from the CSRI based on the Global Reporting Initiative (GRI) G4 standard for 2018–2020 and the annual reports of companies in the manufacturing industry sector listed on the LQ45 Index. Moreover, applying a quantitative methodology, descriptive statistical methods, conventional assumption tests, and simple linear regression analysis were applied in this study’s data analysis. The results of the study proved that CSR has a significant effect on ROA but does not affect the ROE and NPM of LQ45 manufacturing companies. In accordance with the signaling theory, CSR disclosure sends a favourable message to outsiders, which stakeholders and shareholders will respond to through changes in business earnings. CSR implementation can establish a positive image for the company, but it can also improve the company’s image in both the commodity and capital markets. Investors will be more attracted to a company with a positive corporate image since a positive corporate image increases consumer loyalty. As consumer loyalty rises, the company’s sales will likewise rise, and its profitability will increase as a result. This paper opens a new research path in corporate social responsibility and financial performance for possible links among variables; a matter that has not been previously explored in Indonesia Manufacturing Public Companies.

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Section: Financial Performancementioning

confidence: 99%

The effect of voluntary disclosure on financial performance: Empirical study on manufacturing industry in Indonesia

et al. 2023

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“…In contrast, Mushtaq et al (2022) examined the effect of globalization on unemployment in 26 Asian countries using the generalized least square (GLS) and the generalized method of moments (GMM). The authors found that trade is harmful to employment generation.…”

Section: Literature Reviewmentioning

confidence: 99%

“…For decades, debates on the relationship between trade openness and unemployment have been contentious and the empirical outcomes have remained inconclusive. Some studies have suggested that trade openness leads to a reduction in unemployment (Bhat and Beg, 2023; Ali et al ., 2021), while others have concluded that trade openness increases unemployment (Kumar et al ., 2021; Ulima, 2022; Mushtaq et al ., 2022; Voumik et al ., 2023). Also, nonlinear panel studies on the trade openness–unemployment nexus have remained thin on the ground and evidence within the sub-Saharan African (SSA) context remains sparse.…”

Section: Introductionmentioning

confidence: 99%

Modeling trade openness–unemployment nexus in sub-Saharan Africa: the role of asymmetries

Abdul-Mumuni,

Amakye,

Abukari

et al. 2023

AJEMS

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PurposeWhile several existing panel studies have focused on the linear specifications of the nexus between trade openness and unemployment, nonlinear panel studies on this subject remain less explored. This paper examines the asymmetric nexus between trade openness and unemployment in 34 selected sub-Saharan Africa (SSA) countries for the period spanning from 1991 to 2020.Design/methodology/approachThe Pedroni and Westerlund panel cointegration tests were conducted to ascertain a long run relationship among the studied variables, while the panel nonlinear autoregressive distributed lag approach was applied to account for asymmetries.FindingsThe study revealed among other things that trade openness asymmetrically influences unemployment in the selected panel of SSA countries. In the long run, the positive shock in trade openness on unemployment is greater as compared to the negative shock.Research limitations/implicationsThe implications of this study include the need to (1) ensure the effective monitoring and supervision of trade flows in the sub-region so that their full benefits are maximized in terms of job creation and (2) ensure that a positive trade balance is maintained in the selected SSA countries.Originality/valueThe positive and negative shocks in trade openness are examined to determine their asymmetric effects on unemployment.

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“…Yet, the association between globalization and unemployment remains an enigma, one that eludes a definitive explication (Wagner, 2000). According to Mushtaq et al (2022), several studies have examined the effects of globalization on employment generation, yielding mixed conclusions. The diverse conclusions drawn from different studies underscore the importance of considering contextual factors when examining the globalization-unemployment nexus.…”

Section: Introductionmentioning

confidence: 99%

“…Yet, the association between globalization and unemployment remains an enigma, one that eludes a definitive explication (Wagner, 2000). According to Mushtaq et al. (2022), several studies have examined the effects of globalization on employment generation, yielding mixed conclusions.…”

Section: Introductionmentioning

confidence: 99%

Globalization, entrepreneurial development and unemployment: a mediation analysis in the context of South Africa

Amoa-Gyarteng,

Dhliwayo

2023

JSBED

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PurposeThis study clarifies the intricate nature of globalization's impact on unemployment rates in South Africa. Given the heterogeneous views on globalization's effect on economic development, this study aims to offer a nuanced perspective. Furthermore, it aims to explore the mediating role of entrepreneurial development in shaping the complex relationship between globalization and unemployment.Design/methodology/approachThe study employs four key indicators to measure entrepreneurial development, globalization and unemployment rates in South Africa. Hierarchical regression is used to evaluate the relationship between globalization and unemployment rates, and how entrepreneurial development mediates this relationship. Additionally, both the Sobel test and bootstrapping analyses were employed to verify and validate the mediating relationship.FindingsThe study demonstrates that globalization constitutes a crucial determinant of (un)employment rates in South Africa. The study shows that entrepreneurial development, specifically in the context of established business ownership, but not total early-stage entrepreneurial activity, exhibits an inverse relationship with unemployment rates. Moreover, it was observed that the positive impact of globalization on entrepreneurial development in South Africa becomes evident as SMEs advance to the established stage.Research limitations/implicationsThe study's concentration on South Africa constrains the applicability of the results to other nations.Practical implicationsBased on the findings of this study, it is essential for emerging economies, such as South Africa, to take measures to foster a robust entrepreneurial ecosystem that can aid in the growth and international competitiveness of young SMEs.Originality/valueTo the best of the authors' knowledge, this study represents the first endeavor to analyze the potential impact of entrepreneurial development, as measured by both nascent and mature SMEs, on the correlation between globalization and unemployment.

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Globalization and employment nexus: Moderating role of human capital

Cited by 15 publications

References 45 publications

The effect of voluntary disclosure on financial performance: Empirical study on manufacturing industry in Indonesia

The effect of voluntary disclosure on financial performance: Empirical study on manufacturing industry in Indonesia

Modeling trade openness–unemployment nexus in sub-Saharan Africa: the role of asymmetries

Globalization, entrepreneurial development and unemployment: a mediation analysis in the context of South Africa

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