International Journal of Management studies and Social Science Research

Febry Kurnia Putri, Fransisca Listyaningsih Utami*

DOI: https://doi.org/10.56293/IJMSSSR.2025.5601

ABSTRACT: This study aims to analyze the effect of the implementation of Good Corporate Governance, Audit Quality, and Leverage on Firm Value. The population of this study includes BUMN companies listed on the Indonesia Stock Exchange (IDX) for the period 2019-2023. The research sample consists of 20 companies with observations for 5 years, resulting in a total of 120 sample data. A purposive approach was used in sampling for this study, while data analysis was carried out using multiple linear analysis methods. The findings of this study indicate that the existence of an independent board of commissioners has no effect on firm value, the audit committee has a negative effect on firm value, audit quality has a positive effect on firm value, and leverage has no effect on firm value.

Keyword: Good Corporate Governance (GCG), Audit Quality, Leverage, Firm Value.

Aziimah Abd Aziz 1, Ezaida Ahmad 2 and Reezlin Abd Rahman 3

DOI: https://doi.org/10.56293/IJMSSSR.2025.5602

ABSTRACT: The street food industry plays a significant role in Malaysia’s informal food sector, offering convenient, affordable, and culturally rich meal options. This research examines how food quality factors (including taste, healthiness, variety, freshness, and presentation) affect customer satisfaction and the intention to repurchase, focusing on street food consumption in Malaysia. Customer satisfaction is also examined as a mediating variable in the relationship between food quality and repurchase intention. A total of 384 responses were collected using a structured questionnaire and analysed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The data were analyzed, and the primary findings were assessed to explore the relationship between food quality attributes and both customer satisfaction and repurchase intention. From the results, all food quality attributes were found to have a significant positive effect on customer satisfaction, with variety emerging as the most influential factor. Additionally, customer satisfaction significantly predicted repurchase intention and successfully mediated the relationship between individual food quality attributes and customers repurchase behavior. These findings highlight the critical role of upholding high food quality standards in boosting customer satisfaction and loyalty in the street food sector. The study offers valuable insights for street food vendors and policymakers in improving service quality and sustaining business growth in Malaysia’s informal food industry.

Keyword: street food, customer satisfaction, food quality, repurchase intention, variety, freshness, presentation.

Olaoye Ajiboye Ojo

DOI: https://doi.org/10.56293/IJMSSSR.2025.5603

ABSTRACT: The study intended to find the factors influencing the Aspiration of Secondary School Students on the choice of Career in Ado Local Government Area of Ekiti State. The Study adopted a descriptive survey research design with the use of questionnaire to collect information from the respondents. The population of the study comprised 5,256 secondary school students in Ado Local government area. The sample consisted of one hundred secondary school students in Ado local government area of Ekiti State. Two local council development area were carved out from Ado local government area making a total of three. Multistage sampling procedure was used for the sample of the study. In stage one, two local governments were selected out of the three local governments made up of one local government area and two local council development areas. In stage two, five secondary schools were selected from each of the local governments making a total of ten secondary schools. In stage three, ten students were selected from ten schools making a total of one hundred students. The reliability coefficient of 0.81 was obtained for the study. Mean and standard deviation were used to answer the research questions. The hypotheses were analysed and tested at 0.05 level of significance. The finding revealed that all the items presented in table 1 are factors that influence parents on the choice of career among secondary school students. It was also revealed that there was no significant difference between male and female students on the factors that influence parents on the choice of career among secondary school students. The following recommendations among others were made that an attempt should be made by the government to improve and expand career guidance services in secondary school s across Ekiti State.

Keyword: Aspiration, Career, Secondary Schools, Environment, Activities

Saputra Dwi Narda Agus, Priyono Anjar*

DOI: https://doi.org/10.56293/IJMSSSR.2025.5604

ABSTRACT: Digital transformation is the process by which organizations leverage technology as a key resource to improve performance, extend reach, and enhance market outcomes. Design/Methodology/Approach - This research aims to analyze how dynamic capabilities are designed and implemented to support the development of digital transformation strategies. Due to its exploratory nature, data collection was conducted using semistructured interviews with a variety of resource persons to allow for triangulation. Secondary data consisting of company documents, meeting minutes, interim reports and annual reports were also included in the analysis. Content analysis techniques were used in data processing. Findings-This study found that dynamic capabilities developed through sensing, seizing opportunities and reconfiguring play an important role in supporting the company's digital transformation. This is realized through strategy reformulation aimed at integrating and coordinating the implementation of new routines, investment in technological and human resources, and efforts to change organizational culture with a focus on digital transformation, while still considering the interests of stakeholders.

Keyword: Dynamic capabilities, Sensing, Scrambling, Reconfiguration, Digital transformation.

Qing Yuan, Xiaobao Yu, Jihui Wu, Shengzai Sun, Lu Nan, Qi Shen

DOI: https://doi.org/10.56293/IJMSSSR.2025.5605

ABSTRACT: In the marketization of data elements, electricity data exhibits distinct stage-specific characteristics. From the perspective of data elements, the ultimate realization of data value involves three stages: resourceization, assetization, and capitalization. This study focuses on the development and utilization of power industry data, analyzing specific customer profiles, profit cases, and business canvases for each of the three stages. Common profit mechanisms across different stages are summarized, and innovative profit models are proposed.

Keyword: Electricity data, Profit model, Business canvas

Nelson B. Lazarte, MDM

DOI: https://doi.org/10.56293/IJMSSSR.2025.5606

ABSTRACT: This descriptive survey aimed to determine the multi-stakeholders' level of engagement in Linao Creek Program as assessed by the 360 randomly selected household residents of Barangay Tabucan, Ilaya Poblacion, Ilaud Poblacion, Tabuc-Suba, Lagubang, Linao, and Cruz, in the Municipality of Barotac Nuevo, Iloilo, Philippines. The respondents were classified according to age, civil status, highest education, and occupation. The data were coded, processed, and statistically analyzed using frequency and percentage, Mean, Standard Deviation, and One-Way ANOVA. The results showed that the multi-stakeholders had “High” level of cognitive, behavioral, emotional and social engagement in Linao Creek Program as assessed by the respondents. The results also showed that there were significant differences in the level of multi-stakeholders’ cognitive, behavioral, emotional and social engagement in Linao Creek Program as assessed by the respondents when classified according to age, educational attainment, and occupation. However, no significant difference was noted in the level of multistakeholders' cognitive, behavioral, emotional and social engagement in Linao Creek Program as assessed by the respondents when classified according to civil status. Based on the study's findings, the Local Government Unit (LGU) may focus on increasing awareness of the Linao Creek Program to drive greater engagement through various strategies that clearly explain the program's objectives, benefits, and individual roles in ensuring its success.

Keyword: multi-sectoral, engagement, Linao Creek Program, descriptive-survey, Barotac Nuevo, Iloilo, Philippines

Sitthiphong Thipphawan 1, Grid Rangsungnoen 2

DOI: https://doi.org/10.56293/IJMSSSR.2025.5607

ABSTRACT: This research aims to study the potential business risks for Thai homestays that do not operate according to Thai Homestay Standards which are aligned with ESG concepts, and to study management and development approaches for Thai homestay businesses to align with ESG principles. The research is mixedmethods, combining qualitative and quantitative research, to analyze customer expectations regarding homestay businesses aligned with ESG concepts and the business operations of the best operators according to ESG concepts. The qualitative research used interviews with 3 homestay business operators in Nong Khai province certified with the Thai Homestay Standard. The quantitative research used questionnaires from a sample of Thai tourists with experience or interest in staying at homestays nationwide, sampled proportionally to the number of Thai Standard certified homestays in each region. Data was collected between February - March 2568 [2025]. Data was analyzed using the mean, percentage, standard deviation, and Confirmatory Factor Analysis (CFA). The results of the analysis of potential business risks for Thai homestays that do not operate according to Thai Homestay Standards which are aligned with ESG concepts show that homestays operating according to the Thai Homestay Standard conduct business efficiently and have low risk, consistent with customer expectations regarding the Social (S) and Environmental (E) aspects, with values of 0.90 and 0.87 respectively. Although the Governance (G) aspect did not align with customer expectations, with a value of 0.21, it still indicated efficient business operations and low risk. However, the sustainable growth of the Thai homestay business requires effective risk management alongside sustainable development.

Keyword: Risks analysis, Thai homestay business, ESG concepts

Nguyen Thu Thuy

DOI: https://doi.org/10.56293/IJMSSSR.2025.5608

ABSTRACT: This study aims to analyze the impact of some factors on human resource development in some joint stock commercial banks in Vietnam in the context of digital transformation. Survey data were collected from 330 employees working at joint stock commercial banks in Vietnam. The study used Cronbach's Alpha testing method, exploratory factor analysis method and multiple regression analysis. The estimation results show that leadership's viewpoint, training and capacity building, salary and benefits, working environment and awareness of digital transformation are 5 important factors affecting human resource development in joint stock commercial banks in Vietnam. Based on the research results, some policies are proposed to develop human resources in the banking industry in Vietnam.

Keyword: human resource management, stock commercial banks, digital transformation, Vietnam.

Rishanda Nur Auliya, Fransisca Listyaningsih Utami*

DOI: https://doi.org/10.56293/IJMSSSR.2025.5609

ABSTRACT: Audit delay is the time required for the auditor to complete the process of examining the financial statements of a business entity. This time is calculated from the final day of the company's financial recording period to the date stated in the independent audit report. This study aims to examine how Audit Opinion, Company Age, Public Accounting Firm’s Size, and Audit Committee can affect Audit Delay. Population This study uses audited company financial data, namely property and real estate companies listed on the Indonesia Stock Exchange (IDX) in the time span between 2020 and 2023. The sample in this study was selected using purposive sampling technique, obtaining a total of 44 companies observed for 4 years, thus obtaining 174 sample data. The data obtained was analyzed using the logistic regression method and processed using SPSS version 25 software. The results of this study reveal that company age affects audit delay. Meanwhile, audit opinion, public accounting firm’s size and audit committee have no effect on audit delay.

Keyword: Audit Opinion, Company Age, Public Accounting Firm’s Size, Audit Committee, Audit Delay

Amal Obaikah A. Alshammari & Mahmoud Abdelhamid Saleh

DOI: https://doi.org/10.56293/IJMSSSR.2025.5610

ABSTRACT: The purpose of this study is to investigate the impact of customers’ price fairness, product quality, and packaging fitness on repurchase intention for coffee-shop products, and how the gender and age of consumers moderate these relationships. Data were collected from a snowball sample of 302 coffee shop respondents in Saudi Arabia (e.g., barns, drip, half 1/2, Pick, address cafe, and OMORE). The researchers used an online survey to collect the data required for statistical analysis. Strict measures were used for the reliability and validity of the research scales, and partial least squares-structural equation modeling (PLS-SEM) was used to test the research hypotheses. The findings revealed the significance of price fairness, packaging fitness, and product quality in influencing the repurchase intention of coffee shop products. Specifically, packaging fitness and product quality had a greater impact on repurchase intention than did price fairness. Gender and age had insignificant moderating roles in the studied relationships. The results provide valuable insights for managers and marketers to enhance consumers’ potential to repurchase coffee-shop products by focusing on distinguishing packaging materials, ensuring product quality, and setting fair prices. This study contributes to the understanding of consumer behavior in the context of coffee-shop products, particularly in Saudi Arabia, and adds to the existing knowledge on the factors influencing consumers repurchase intention.

Keyword: Price, Packaging, Quality, Coffee shops, Repurchase intention, Saudi Arabia

Thi Lam Anh Nguyen 1 and Phuong Thao Huyen Le 2

DOI: https://doi.org/10.56293/IJMSSSR.2025.5611

ABSTRACT: The objective of this study is to analyze the factors that influence earnings management behavior among listed construction companies in Vietnam. This study uses data from 29 listed construction firms from 2019 to 2023. To measure the extent of earnings management, the study employs the Modified Jones Model (1995) and further applies the Feasible Generalized Least Squares (FGLS) method to evaluate the impact of various factors on the level of such behavior. Regression results generated using STATA 17 indicate that four out of the six tested variables— firm size, profitability, board size, and audit quality—along with two control variables, operating cash flow and revenue growth–significantly influence the degree of earnings management within the sample. Specifically, firm size, profitability, board size, and revenue growth exhibit positive relationships with earnings management, whereas audit quality and operating cash flow have negative effects. Based on these findings, this study offers several policy implications for regulatory authorities, audit firms, construction enterprises, and investors to mitigate opportunistic earnings management practices and improve financial reporting reliability.

Keyword: earning management, construction firms, Vietnam

Kristin Eleanor B. Bedia

DOI: https://doi.org/10.56293/IJMSSSR.2025.5612

ABSTRACT: This survey-correlational study aimed to determine the collaboration mechanisms, extent of collaboration, and level of engagement between the Local Government Units of Barotac Nuevo, San Enrique and an institution of higher education as assessed by 120 extension program beneficiaries, faculty researchers and extensionists and LGU officials grouped according to type of respondents, age, highest educational attainment, and monthly family income. The data was analyzed and interpreted using the frequency count, percentage, Mean, Standard Deviation and Kruskal-Wallis H test. The findings indicated that formal and informal collaboration mechanisms were utilized Occasionally, both as whole and when categorizing respondents by type, age, highest educational level, and monthly family income. Furthermore, significant differences were observed in both formal and informal collaboration methods categorized by respondent type, age, highest level of education, and monthly family income.

Keyword: Collaboration, Mechanisms, Engagement, Survey-Correlational, Iloilo

Abidemi Omolayo OLUKOLE, Abiola Aina LYDIA, Adetunji Olayemi SIJUWOLA, Afolabi Ibikunle JOSEPH

DOI: https://doi.org/10.56293/IJMSSSR.2025.5613

ABSTRACT: This study examined the effects of volatility in the prices of cryptocurrencies on stock market performance in Nigeria using monthly data for the period 2016 to 2024. The study was based on the financial contagion theory. The Autoregressive Distributed Lag, Dynamic ARDL and Granger causality tests were employed to analyse the data. Cointegrating long-run relationship was found exists between stock market performance and volatility in cryptocurrency prices. The regression results indicate that the effect of cryptocurrency price volatility on stock market performance was positive for all cryptocurrencies except Ripple. Additionally, the short-run effects were more pronounced compared to the long-run effects. Evidence of spillover effects from volatility shocks in the cryptocurrency market to the stock market was observed, with the stock market responding positively to positive shocks in cryptocurrency volatility and vice versa. A bi-directional causality was also found between volatilities in Bitcoin, Ethereum, Binance Coin, and stock market performance, while no causality was observed between Ripple and stock market performance. Policymakers should develop comprehensive guidelines for cryptocurrency trading and integration with the financial market to mitigate volatility risks and their spillover effects between the cryptocurrency market and the stock market, to improve financial market stability. Also, investors and portfolio managers should promote portfolio diversification strategies to capitalize on short-term gains from cryptocurrency-induced stock market surges while cushioning against potential volatility-driven losses.

Keyword: Cryptocurrency, Stock market performance, Volatility

Vu Thi Phuong Thao 1, Hoang Thi Mai Anh 2, Nguyen Thi Van Anh 3

DOI: https://doi.org/10.56293/IJMSSSR.2025.5614

ABSTRACT: In the modern business environment, corporate social responsibility emphasizes ethical behavior, transparency and accountability. For effective corporate governance, ensuring a diverse, independent board of directors and engaging with stakeholders, including shareholders, employees, customers and the community, is essential. In the oil and gas industry, CSR plays a particularly important role because businesses operate in an environment with high risks to the environment, occupational safety and community relations. Using STATA 17 software, the author found three factors that positively affect (Board size, Audit, Profitability) and one factor that negatively affects the level of information disclosure on social responsibility at Vietnamese oil and gas enterprises.

Keyword: Corporate social responsibility, corporate governance, Board

Samantha Runyararo Musekiwa 1, Joyce Previledge Chigodora 2 and Paul Nemashakwe 3

DOI: https://doi.org/10.56293/IJMSSSR.2025.5615

ABSTRACT: The proverbial 'glass ceiling' has long symbolised the invisible barriers that impede women's advancement to top leadership positions within organisations, despite their abilities, qualifications and past achievements. Recent studies have underscored the positive impact that female leadership has had on organisational performance and societal well-being. The 21st century has seen an increased number of women breaking the proverbial glass ceiling and excelling in various sectors and endeavours. This paper explored how these women have broken the glass ceiling and excelled in leadership, the challenges they have faced and the role that organisations can play to support them. Research has consistently shown that diverse leadership teams, which include women, are more likely to generate innovative solutions and ideas. Studies show that companies with diverse leadership teams perform better financially and have stronger corporate governance. Despite progress, women continue to face invisible yet formidable barriers in leadership. Unconscious bias, societal expectations, and outdated organisational structures can hinder their advancement, forcing them to navigate a labyrinth of challenges. Irrespective of the barriers, women across the globe have employed various strategies to break the glass ceiling, with case studies illustrating their effectiveness in both developed and developing countries. Organisations have a critical role to play in promoting women's leadership by creating an enabling and inclusive environment that fosters diversity and offer equal opportunities for both genders.

Keyword: Glass ceiling; leadership; women; women’s leadership