The influence of dynamic capabilities on strategic management accounting practices and its effect on value creation in government linked companies / Nik Herda Nik Abdullah

Greening the logistics services is an eminent factor that could reduce the excessive used of fossil fuel by the logistics industry. In Malaysia, particularly the logistics industry covers all types of transportation mode such as air, land and sea. Besides the positive economic growth, the side effect of logistics activities is a negative externality with a recent issue of the Global Warming is the inevitable growth of Greenhouse gases (GHG). These activities have given an impact to the environment that has caused major catastrophic. This research is to realise the Strategies and Action Plan of Logistics and Trade Facilitation Masterplan (2015- 2020) and 11th Malaysia Plan; Towards a First-World Mentality Nation. Since, inconsistencies in the operation of logistics services between the “green” and “logistics”, thus the logistics players focus on the greener the operation of logistics services. The fact is that “greenness” is a cost-saving strategy in which the logistics players could benefit from Internalization the Social Cost. Green Logistics has been implemented over 40 countries and there are many research related to this study. However, this research is a continuation of current research and focuses on the internalization of the social costs using Game Theory. This research has explored the use of analytical tool of Congestion Game by studying the congestions in the road network. The study of Price of Anarchy for understanding the cost involved in congestion and resolving the congestions in the road network

Gaining competitive advantage through new product development capability in Malaysian Government Linked Companies

A new product development capability can be shown through organisational routines that shape the processes of innovation, which are aimed to reconfigure a firm’s product portfolio. It is aimed to create a concrete physical asset from an idea and this relates to the innovation that is the mechanism by which firms to produce new products, processes and systems that essential in order to adapt market changes, technologies and types of competition. New product development capability aids corporate managers plan and execute strategies successfully while securing sustainable competitive advantages. This paper aims to explore the extent of top management emphasis on the measures of new product development that are deemed important for business survival and sustainability in the context of Malaysian government-linked companies (GLCs). A questionnaire survey was distributed with a response rate of 47%. Findings revealed that design a high quality of product or service is the most important measures. This revealed that it is a common exercise for Malaysian GLCs to put high emphasis on the importance of the quality of the new products or services

Assessing Strategic Management Accounting Practices in Public Interest Companies in Malaysia

Strategic management accounting (SMA) practices play important roles in supporting decision making and strategic plan positioning in a firm. SMA practices comprise a range of useful and relevant techniques to facilitate a firm’s value.  Through these techniques, a firm would be able to achieve competitive advantage and sustain economic growth, which leads to long-term performance. Recently, the role of SMA techniques in enhancing business performance has become the focus of many studies, unfortunately, studies that accessing the adoption of SMA practices in organizations particularly in Malaysia are not widely available. Hence, the purpose of this paper is to investigate the extent of SMA practices in public interest companies in Malaysia called Government Linked Companies (GLCs). Through SPSS analysis of data collected from 215 questionnaires, the study shows that top management of GLCs has a better understanding of SMA practices due to extensive use of SMA techniques which discovered from the findings and believe that it can benefit their organization. This paper has enriched the literature and provided an assessment of SMA practices for researchers and practitioners which can improve competitiveness in the industry, business prosperity, and secure long-term performance

The influence of strategy formation capability on firm’s value creation: An empirical review

Value creation analysis is a critical element yet often disregarded by the financial management as one of the important elements in an organization, including Malaysian Government Linked Companies (GLCs).The creation of use value is essential for sustaining the firm.Without this component, firms would have no added value and there would be no reason for firms to exist.These use values are recognized when someone perceives the resources or products of a firm as valuable and people might perceive values differently.GLCs hold a main profit-making objective, in which the Malaysian Government possesses a direct controlling stake and serves as the backbone of the Malaysian economy.By possessing the value creation element, GLCs are expected to create sustainability, have a competitive advantage and produce a better business performance in order to enhance the interest of shareholders, creditors, employees, suppliers, customers, governments and communities. Prior studies have shown that value creation can be created through strategy formation. Strategy formation is the core of strategic management and is related to the effectiveness of the firm’s strategy, which leads to better performance.An effective strategy formation capability is valuable because it enables the firm to create strategies that increase its effectiveness or efficiency and when it matches the firm’s environment that eventually leads to a competitive advantage. This paper tried to ascertain the influence of strategy formation capability on value creation, which then improves a firm’s reputation, product differentiation and process innovation in GLCs.The strategy formation capability tends to provide an empirical review that enables the top management and policy makers to review the strategy formation capability in order to create the firm’s value, achieve sustainable growth and improve GLCs competitiveness in the global market

Strategic management accounting practices and value creation: towards good governance and accountability in government linked companies

Government Linked Companies serve as the backbone of Malaysia’s economy by contributing to 35 percent of the Gross Domestic Product (GDP) and employing more than 270,000 employees.By definition, Government Linked Companies are government business entities that are privatized and are major shareholders as well as provide services deemed as a social responsibility to the public.As such, Government Linked Companies need to demonstrate good governance and a high level of accountability in order to achieve these objectives. This research paper aims at examine the relationship between strategic management accounting practices and value creation in the context of Malaysian Government Linked Companies. Based on questionnaires from 125 respondents drawn from Government Linked Companies, the findings showed a significant positive relationship between strategic management accounting practices and value creation. Thus, certain types of strategic management techniques have become the focus of a majority of the research carried out.Nevertheless, one important element, which is the relationship between strategic management accounting practices and value creation, has not been studied much. The company’s top management and management accountants have been urged to re-evaluate the emerging role of strategic management accounting in establishing firm value based on the practical guidance provided by this study. Moreover, this paper has enriched the pertinent literature and provided an assessment of strategic management accounting and value creation for researchers and practitioners

Enhancing the accountability of malaysian government linked companies through sustainable competitive advantage and value creation / Nur Nadiah Zulkarnain … [et al.]

Value creation is an essential element needed in every organization for sustainability in the global market. Value creation can be reflected through continuous improvement in the organization’s earnings per share and the high level of operational effectiveness and competitiveness. Government linked companies (GLCs) are organizations in which the government contributes more than fifty percent of capital and is expected to be actively involved in value creation to reflect high level accountability to taxpayers’ money. However, despite many efforts by the government to improve the performance of GLCs, several studies have found a lack of value creation among GLCs that led to their closure. The resource-based view argues that an organization that possesses capabilities often create more value. This study aims to test resource-based view’s proposition by examining whether companies with high sustainable competitive advantage can create high value. This study examines four components of sustainable competitive advantage: innovation, entrepreneurship, learning, and market orientation. Results show that the existence of the significant relationship among learning orientation, entrepreneurship orientation, and market orientation on value creation. However, this study finds that high innovation does not lead to better value creation in the context of Malaysian GLCs

Factors influencing the level of satisfaction on online learning among tertiary students during Covid-19 pandemic era – a Malaysian study

The rapid progression for online learning today has turned into something even more significant with the Covid-19 pandemic, which had forced many schools worldwide to be closed for physical interactions. Education providers since then have been forced to push forward with the integration of online learning as an alternative to the blackboard-style of learning. From being complementary, online learning has now become the main medium of delivery for both teaching and learning for education providers at various levels, including universities. Lecturers and students on tertiary education levels were subconsciously forced to engage with synchronous and asynchronous activities on online platforms. As such, this study examines the higher learning institution students’ preparedness, motivation, internet availability, technical support and psychological support that influences students’ online learning satisfaction in Malaysia. Three hundred and thirty-six (336) responses were collected via online survey across Malaysia within three months from December 2020 until February 2021. Smart PLS 3.2.4 was used with Structural Equation Model for data analysis, with five hypotheses being examined for the current study. Findings from the current study demonstrated that motivation, psychological support, and technical support had significantly affected students’ satisfaction. The outcomes of this study contributed to current trend of research during Covid-19 pandemic, which had placed particular focus on online learning. The current study was developed as there were only a few research that had been performed on this subject matter, particularly within a Malaysian context. It was suggested from findings of the current study that future studied can compare different countries to understand what whether similar factors that might have contributed to students’ online learning satisfaction in the higher learning institutions can be found in multiple countries

The effect of financial technology, innovation, business strategy, and market orientation on business performance among Indonesian SMEs: a study in Riau province

The pandemic's negative impact on SMEs’ performance have been particularly felt as a result of changes in consumer behavior. Therefore, strategic actions are required to accelerate the growth of SMEs in the postpandemic era. Based on the Dynamic Capabilities Theory, the aim of this study was to analyze the effect of financial technology, innovation, business strategy, and market orientation on the business performance of SMEs in Riau Province, Indonesia. Using purposive sampling, survey data was collected from a sample of 123 SME owner-managers. Data analysis using partial least squares structural equation modeling showed that financial technology, innovation, business strategy, and market orientation significantly affect the business performance of SMEs. SME owner-managers use financial technology to make new breakthroughs through innovation, implement more diverse business strategies, and improve market orientation. The findings suggest that long-term digital technology development strategies are required as a platform for SMEs to grow