Annals of Human Resource Management Research (AHRMR) is an international, peer-reviewed, and scholarly journal which publishes high-quality research to answer important and interesting questions, develop or test theory, replicate prior studies, explore interesting phenomena, review and synthesize existing research and provide new perspective aimed at stimulating future theory development and empirical research across the human resource management discipline.
Published
2023-09-07
Articles
Factors affecting household debt to moneylenders
Purpose: Moneylenders, sometimes called 'loan sharks' due to their high interest rates, are informal financial institutions that offer loans not in line with Islamic law. This study analyzes the factors that influence the behavior of households regarding debt to moneylenders.
Research Methodology: This research employs descriptive and logistic regression analyses using primary data collected from locals in Jagapura village, Cirebon.
Result: The results indicate that basic household necessities determine their debt behavior. However, Islamic financial literacy and increasing income present effective solutions for moneylenders to overcome their debt.
Limitation: This study is based on primary data from a specific village, Jagapura, in Cirebon, which may not be representative of all households in debt to moneylenders in other regions or settings.
Contribution: The study suggests that Islamic financial institutions should assist unbankable communities needing funds for daily expenses by performing social functions such as offering interest-free loans (qardhul hasan) and providing Islamic social finance. The establishment of sharia compliant savings and loans could also be a solution to usury-related issues.
The effect of electricity reliability on the sustainability of SMEs in Fako Division of Cameroon
Purpose: To investigate the effects of the reliability of electricity supply on the sustainability of SMEs in Cameroon.
Research Methodology: This study investigates the effects of the reliability of electricity supply on the sustainability of SMEs in Cameroon. The study used a quantitative approach with the philosophical underpinnings of objectivist ontology and positivist epistemology. Primary data were obtained through closed-ended questionnaires that were responded to by 54 purposively sampled participants in the Fako division. The data were analyzed by Structural Equation Modeling (SEM) using SPSS 23 and SPSS Amos 24 software.
Results: The study revealed that sporadic electricity supply interruptions, chronic electricity supply interruptions, and momentary electricity supply interruptions have no significant positive impact on the sustainability of SMEs in the Fako Division of the Southwest Region of Cameroon.
Limitations: This study had a limitation in methodology, as it used a quantitative approach only. A better understanding of this study’s phenomenon can be achieved by adopting a mixed research method, where the qualitative aspect will provide a deeper understanding of the effects of other variables that affect SME sustainability.
Contribution: Based on the results of this study, business managers will come to the understanding that the sustainability of their businesses is not dependent on the reliability of the electricity supply. This means that other variables responsible for the sustainability of businesses can be studied qualitatively.
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