The article aims at finding ways to intensify the innovation activity of the Ukrainian economy, determine the role of university education in the formation and development of innovation infrastructure. It is substantiated that science and education are a reliable segment for the diffusion of innovations. The best practices of Ukrainian universities on the commercialization of innovative developments and technology transfer in the domestic and foreign markets are presented. The article analyzes the main indicators of the development of innovation activity in Ukraine as well as the dynamics of the development of university education. Particular attention is paid to the role of state classical universities in maintaining innovation development of the state and its regions. It is determined that in modern conditions, universities become integrators, participants, intermediaries, catalysts of communications and cooperation of educational and scientific structures with production, cultural institutions and regional authorities. It was investigated that on the basis of universities, 20 scientific parks have been created and are successfully functioning in Ukraine. The present innovative educational and production cluster of public-private partnership is presented. The scheme of management of it is offered. The results of calculating the multiplicative effect from the development of innovation infrastructure, which will be created as a result of the functioning of the educational-production cluster, are presented. The effectiveness of its influence on the development of the region's economy is proved.

Social media is one of the most important elements in the process of industry 4.0. It has transformed itself into not just a platform for social interactions, but into a powerful marketing tool. People posting pictures or information through social media will likely influence others seeing it. This research investigates the impact of social media postings on millennial (Gen Y) tourists’ decision in choosing destinations, as well as the perceptions of social media users toward the information they gather from the social media about the tourism destinations. World Travel and Tourism Council in its release in 2018 revealed that tourism industry represents 10.4% of total global GDP. The industry has also contributed 20% of new jobs globally created in the last decade. The findings from samples taken from respondents in greater Jakarta (Jakarta, Bogor, Depok, Tangerang and Bekasi) show that social media contributes significantly on shaping the millennial tourists’ decision in choosing their holiday destinations.

The sales of the automotive was increased by 3.6% in 2018, sparking the automotive and its spare parts industry for more opportunities. Various strategies have been made to win the competition and increase sales, to expand market share and to reduce production costs. Tire industry as automotive parts industry in Indonesia has faced with tremendous competition and the industry needs an appropriate strategy to reduce production costs by reducing defective products. The building process is workstation of the tire industry with the focus on decline on the defective products. Internal data shows the defective products in the building process of 0.20% in 2017 and 0.17% in July ~ September 2018 which were higher than the company's schedule of 0.12% of total production. The NGT, Shainin system and DMAIC (Six sigma) methods are expected to improve defective products of building process. Based on Pareto diagrams it is clear that there were six defective products causing high defective products. However, with the limited research, BLP defective products with the highest defective product (48%) was used as a pilot project in this study. The preliminary results indicate that the proposed method of this paper could succeed in improving the baseline performance of the building process (sigma level) from 4.48 to 5.02 sigma and could reduce the cost from IDR.1.427.500.00 to IDR. 161.000.000 or 88.69%.

The objective of the paper is to assess the relationship between the CEO ethical leadership style and the corporate social responsibility (CSR) implementation through corporate culture; thereby testing the impact of CSR implementation on financial performance; finally examining the regulatory role of CEO founder status and the corporation size in the relationship be-tween the CEO ethical leadership style and corporate culture. A research on 536 Vietnamese garment and textile enterprises is conducted and the results show that CEO ethical leadership style positively impacts CSR implementation through corporate culture. Simultaneously, the CSR implementation brings more positive financial results henceforth. A statistically significant regulatory role of the CEO founder status and the corporation size in the relationship is also determined. The bigger the CEO founder performs, the better the influence of CEO ethical leadership style on corporate culture, and the smaller the CEO founder performs, the less impact of CEO ethical leadership style on corporate culture. In contrast to larger businesses, the CEO ethical leadership style slightly influences the corporate culture because at this time corporate culture has been formed for a long time and has become a habit of employees.

Mobile payment is becoming an evitable trend in the globe and is well expanding rapidly into emerging countries. Many research models are developed and confirmed that behavior intention is an important fact which decides the level of using mobile payment among users. The existing research models have made empirical evidences confirming behavior intention de-pended on performance and effort expectancy. This research expands previous empirical evidence by involving perceived transaction speed as an important explanatory variable to both performance expectancy and effort expectancy and also captures how behavior intention is influenced by performance expectancy and effort expectancy among Cambodian users. A total of 200 questionnaires were collected, analyzed and summarized for this study. Result reveals that performance expectancy and effort expectancy affect positively and significantly on behavior intention. Perceived transaction speed has a positive and significant relationship with effort expectancy but Perceived transaction does not have any positive and significant relationship with performance expectancy. Result from this study also concludes the role of perceived transaction speed which is affecting intention to use mobile payment among users. However, there are some limitations to be addressed for the future researches; this research may include larger samples to find out the clear effect on behavior intention of the end-users.

This study attempts to examine the role of working capital management components on four commons which are distinctive dimensions of business investment performance in Malaysia. The analysis covers 431 listed companies for the period 2000-2017 post the Asian financial crisis. The four performance indicators are return on assets (to proxy book return on overall business assets), return on equity (to proxy book return on shareholders’ fund), Tobin’s Q (to proxy firm valuation) and stock performance (to proxy real shareholder wealth). Our results indicate that working capital components of receivables collection period, inventory conversion period, payables deferral period, overall cash conversion cycle, current ratio, quick ratio, and cash ratio have generally exhibited important relationships with investment performance before and after the 2007-2008 subprime crisis. We would like to highlight the very robust negative effect of receivables collection period and cash conversion cycle. In addition, it is worth noting the distinctive roles of cash conversion cycle components and working capital liquidity ratios. While overly high liquidity position is usually viewed as inefficiency and detrimental for profitability, our panel data analysis consistently show that a high liquid position is favourable if the impact of cash conversion cycle is well considered. Hence, it is crucial for managers to prioritize the importance of working capital requirements to enhance the value of investors.

Celebrities are individuals who are popular in public arena because of their physical attractiveness and trustworthiness. To take advantage of these components, marketers use celebrities for product promotion to create awareness and enhance the credibility of their advertisement. However, the use of celebrities to endorse consumer products by the Nigerian telecommunication industry led to huge cost of acquiring physically attractive endorsers and lack of celebrity trust because customers perceived that the celebrities were paid to feature in the brand and not necessarily, they believed in the brand. This study, therefore, examined the effect of celebrity physical attractiveness and trustworthiness on consumer purchase intentions of selected telecommunication in Nigeria. Survey design was employed and a target population of 519 students was used in the study. Random sampling technique was adopted to select the sample size and a well-structured questionnaire was adopted for the study. The Cronbach’s alpha coefficients for the constructs ranged between 0.71 and 0.85. Data were analyzed using descriptive and inferential statistics (Structural equation modeling). Findings from the study reveal that celebrity physical attractiveness had positive effect on consumer purchase intention of selected telecommunications companies in Nigeria (P=0.000, R²= 0.533). Celebrity trustworthiness had positive and significant effect on consumer purchase intention of selected telecommunication companies in Nigeria (P=0.000, R²= 0.314). The study concludes that celebrity endorsement components were jointly important in explaining the changes in the consumer purchase intentions of selected telecommunications companies in Nigeria. The study recommends that telecommunications companies should focus on the recruitment of physical attractiveness and trustworthiness whose images align with theirs for endorsement purpose.

Human resource management is the key component for every organization. The empowerment of human resource is a strategic decision which in return affects the organizational productivity. The purpose of the present study is to examine the impact of HR empowerment through information technology, cultural dimensions and organizational knowledge with their impact on Muhammadiyah higher education productivity in Indonesia. To address this objective, a questionnaire was developed as a core instrument to collect primary data from the employees of Muhammadiyah higher education. A final sample of 138 respondents was collected for applying the structural equation modelling (SEM) approach with the factor analyses. Additionally, validity of the questionnaire was observed through three measures; namely Cronbach’s alpha, average variance extracted and composite reliability. Findings through structural equation modelling approach specify that all three dimensions of HR empowerment have shown their positive and significant influences on Muhammadiyah higher education productivity. However, this study is limited by various perspective. First, data is collected from Indonesia through employees of Muhammadiyah higher education only with limited generalizability of the findings. Second, the study has not discussed the combine effects of human resource empowerment on the overall productivity of Muhammadiyah higher education but with individual dimensions like cultural, information technology and knowledge factors. The findings can be meaningful to boost the performance and productivity of higher education while understanding its structural relationship between human resource development.

As operating the business in the economy, all enterprises are interested in the business efficiency. Business efficiency is not only a measure of organizational performance and business management but also it is a vital issue for businesses operations. That is why defining the factors affecting business performance in enterprises, especially small and medium-sized enterprises accounted for more than 80 percentage of the enterprises in Vietnam plays a very important role in helping business managers find solutions to improve the business efficiency. This paper is conducted to determine the factors affecting the business performance of these groups of businesses from the perspective of business managers and the business. This study is based on a survey from 100 business managers and 400 small and medium enterprises in Vietnam. Through the EFA analysis tool, we found some similarities in terms of the groups of factors affecting the business performance in small and medium enterprises in Vietnam between the perspective of business managers and perspective of the enterprises. Both the surveyed groups defined that there were three factor groups influencing the business efficiency: (1) group of institutional, policy and infrastructure factors, (2) group of factors associated with enterprises and (3) group of factors related to the environment outside the enterprise.

The purpose of this research is to analyze the relationship between intellectual capital and financial performance of eleven Islamic banks in Indonesia over the period 2013-2016, using the value-added intellectual capital model, utilizing panel data with seemingly unrelated regression analysis. The results of this research indicate that structural capital efficiency had a significant influence on return on assets, and asset growth. Thus, for Islamic banks in Indonesia, all non-human assets, including the standard operating procedures, storage of all data, structural procedures, governance and policies for decision-making had significant effects on return on assets, and asset growth. Islamic banks in Indonesia can achieve competitive advantages in terms of return on assets, and asset growth, because they have positive value added reflected in intellectual capital value consisting of human capital efficiency, structural capital efficiency and capital employee efficiency.