COVID-19 – Jurnal Pengurusan

Entrepreneurial Leadership Style During the COVID-19 Pandemic: A Systematic Literature Review

asriwn — Wed, 28 Aug 2024 07:36:34 +0000

The COVID-19 pandemic has underscored the urgent requirement for efficient leadership in both traditional workplaces and entrepreneurial enterprises. Despite previous research suggesting various leadership styles to alleviate work-related stress, limited research has investigated the leadership style adopted by entrepreneurs during the COVID-19 pandemic. This SLR identifies various leadership styles, including open leadership, transformational, transactional, responsible, and inclusive leadership, among others. However, the most appropriate leadership style largely depends on the situation at hand. This study’s systematic literature review followed the Preferred Reporting Items for Systematic Review and Meta-Analysis (PRISMA) guideline. It studied data from Scopus and Web of Science from 2020 to 2023. Initially identifying 186 articles, the investigation concluded with 22 articles that provided a full assessment of trends as well as a topic overview. The review found a majority of studies using quantitative methodologies. The review also emphasizes the need for future research to investigate additional characteristics of leadership style, such as the effects of culture, demographic demographics, and organizational decision-making processes on leadership effectiveness. This review provides essential guidance for navigating leadership complexities in entrepreneurship, particularly amidst crises like the COVID-19 pandemic.

Why Do Firms Hedge? A Revisit for An Emerging Market Perspective

asriwn — Sun, 31 Mar 2024 16:27:34 +0000

This study explores the determinants of hedging practices, focusing on foreign exchange exposure within 250 listed Malaysian firms. Aligned with the theory of underinvestment costs, a positive correlation between foreign exchange exposure and hedging is established. Firms with higher exposure display an increased propensity for hedging contracts, and the COVID-19 pandemic significantly impacts these practices. Quantile regression analysis reveals that heightened foreign exchange exposure induces Malaysian firms to intensify hedging, particularly in lower and middle distribution percentiles. Additionally, the study highlights the impact of growth opportunities on the intricate relationship between foreign exchange exposure and hedging practices. Implications include strategic consideration of foreign cash flow-based exposure in hedging decisions, recognizing hedging as pivotal during crises, and acknowledging the motivating role of growth opportunities in fostering increased hedging within a corporate framework.

Kebolehramalan Pergerakan Harga Pasaran Mata Wang Asing ASEAN-5 Dengan Menggunakan Indikator Dagangan Indeks Kekuatan Relatif Era COVID-19

asriwn — Wed, 11 Oct 2023 23:50:18 +0000

Pandemik Covid-19 telah menyebabkan pergerakan harga mata wang menjadi tidak stabil dan tahap kecekapan yang rendah. Tidak terkecuali, pasaran FOREX ASEAN turut menerima tempias dari pandemik ini. Tujuan kajian ini adalah untuk meneliti kebolehramalan pergerakan harga dalam pasaran spot FOREX di beberapa buah negara ASEAN yang terpilih meliputi mata wang USD/SGD, USD/THB, USD/MYR, USD/PHP, dan USD/IDR dengan menggunakan indikator dagangan Indeks Kekuatan Relatif (RSI) dan diuji terhadap dua kaedah iaitu parameter standard 70/30 dan parameter ekstrem 80/20. Kajian dibuat bermula dari 1 Januari 2020 sehingga 30 September 2022. Prestasi strategi dagangan diukur dengan menggunakan nisbah Sharpe dan ujian-t. Hasil kajian menunjukkan parameter standard 70/30 memberikan pulangan yang paling tinggi serta disokong oleh dapatan statistik ujian-t. Pulangan terbesar diraih semasa tercetusnya pandemik COVID-19 iaitu pada tahun 2020, dan berkurangan pada tahun seterusnya. Hasil kajian mampu memberikan input kepada badan pengawalseliaan pasaran terhadap penyediaan rangka kerja kawal selia yang utuh agar nilai mata wang mereka kekal kompetitif dan tidak terdedah terhadap sebarang kemungkinan manipulasi dan spekulasi, terutamanya ketika pandemik atau kemelesetan ekonomi.