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The Impact of State Audit on the Efficiency of Grant Management in the Public Sector: the Case of the Federation of Bosnia and Herzegovina
Amra Gadžo, Sabina Selesković, and Benina Veledar
DOI: 10.15604/ejbm.2024.12.02.001
Abstract
The paper aims to explore the impact of state audits of grants in the public sector on reducing non-compliance with legal regulations. The research was conducted over a ten-year period among federal and cantonal ministries in the Federation of Bosnia and Herzegovina (FBiH) responsible for planning and distributing grant funds as part of their regular duties. The research results show that the total number of recommendations given during the observed 10-year period was 1,666, including: 245 recommendations related to grant planning, 684 recommendations related to the distribution of grant funds, 554 recommendations concerning the oversight of the designated expenditure of allocated funds, 74 recommendations concerning grant implementation reporting, and 109 recommendations regarding the accuracy of accounting records. During the observed ten-year period, the number of recommendations decreased by 75%. The research results also indicate that the adoption of stricter guidelines for grant management has a strong impact on reducing the number of identified irregularities. The paper also presents an analysis of the most common causes of irregularities. The results of the conducted research will contribute to filling the literature gap on the importance of grant audits, the most common causes of identified irregularities, and the significance of stricter legal regulations and clearer rules related to grant management.
Keywords: State Audit, Public Sector, Grants, Financial Audit Report, Recommendations
Multiculturalism and Business Strategy in Uk-based Multinational Corporations: Lived Experiences of European and Non-european Board Members
Augustus E. Osseo-Asare, Ayanthi M. Pathirathne, Seema Bhate, and Oghenetega Origho
DOI: 10.15604/ejbm.2024.12.02.002
Abstract
Multinational corporations (MNCs) continue to experience lack of equality, diversity, and inclusion (EDI) at the Board level, due to misconceptions about multiculturalism and how it interacts with organizational culture to influence Board members’ business strategy decisions. Our motivation is the urgent need for critical research on how multiculturalism influences business strategy, with the aim to provide a novel holistic framework linking multiculturalism with resource-based and market-based views of strategy. We adopt a qualitative methodology comprising of 18 semi-structured interviews and four case studies of UK-based MNCs. Thematic content analysis of the interview data reveals four findings: a/EDI are attributes of multiculturalism; b/lack of consensus on how multiculturalism strategically benefits organizations; c/effective alignment between EDI and business strategies is a source of sustainable competitive advantage, d/the paradox of salad-bowl and melting pot perspectives should be managed through parallel processing. We contribute to knowledge by specifying the multiculturalism role of Board members in terms of aligning demographics with sources of MNC’s competitive advantage. Because the generalizability of the findings is limited due to our small sample-size, future research would determine the causal relationship between multiculturalism and business strategy in a representative sample of MNCs.
Keywords: Multiculturalism, Boards Members, Business Strategies, Multinational Corporations, Europe, UK
Effects of Hr Analytics on Hrm Practices: an Integrative
Samuel Bangura
DOI: 10.15604/ejbm.2024.12.02.003
Abstract
The current study investigates the impact of HR analytics on human resource management (HRM) practices. Based on a review of HRM literature, it is clear that HR analytics is increasingly recognized as a valuable tool that influences HRM practices, particularly in supporting strategic decision-making. The primary motivation for this study stems from a noticeable gap in research regarding the impact and adoption of HR analytics within organizations, especially in South Africa. A comprehensive analysis of academic journal articles from reputable databases revealed that HR analytics positively influences human resource management practices and enhances HRM efficiency by integrating various functions and enabling managers to make informed decisions. It is recommended that organizations consider key factors that contribute to the effective implementation of HR analytics to maximize its advantages and achieve a competitive edge. This study underscores the importance of utilizing HR analytics for South African organizations aiming to harness data-driven insights to improve HR processes, increase employee satisfaction, and boost overall business performance. Consequently, both employees and the organization stand to benefit significantly from this strategic approach.
Keywords: HR Analytics, HRM Practices, Strategic Decision Making. Organizational Culture and Competitive Advantage
Gender Equality in the Renewables: the Case of a Successful Malaysian Female Entrepreneur
Wu-Shun Tee, Zi-Wen Vivien Wong, Fanyu Chen, Yoke-Chin Kuah, and Ying-Yin Koay
DOI: 10.15604/ejbm.2024.12.02.004
Abstract
The United Nation’s Sustainable Development Goals have highlighted the importance of gender equality in sustainable economic development, providing an avenue to research that aims to contribute to a more inclusive and equitable economic growth. This study delves into the issue in the context of Malaysian renewable energy sector, particularly the engineering field. Is there any gender inequality in this male-dominated industry? Specifically, the study aims to investigate issues and barriers for females entering the renewable energy sector in Malaysia, by analyzing the case of Chow Pui Hee (Chow), founder of Samaiden Group Berhad. As an engineer turned entrepreneur, Chow is also one of the Malaysian pioneering female leaders in the energy sector. While she was lucky to start her business with great support from her family, there have been instances of indirect gender discrimination, based on her observations on employees. Chow has also called upon the Malaysian government to reconsider the policy of 98-day parental leave, aimed at addressing gender disparities in workplace, thereby contributing to the broader discourse on gender equality in the Malaysian workforce. This study sheds light on potential systemic issues that may hamper gender inequality and female participation in Malaysian renewable energy industry, and the potential solution to the issue, contributing to the U.N.’s achievement of SDG 5 – Gender Equality.
Keywords: Gender equality, Renewable Energy Sector, Young Malaysian Female Entrepreneur, Female Engineer, Gender Discrimination
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