Traditionally, firms tend to incline toward financial performance and profitability to surge shareholder's wealth. In the modern day, in addition to financial performance, innovative and environmental performance has also become a central effort. However, all firms are not flourished in the achievement of financial, innovative, and environmental performance, particularly small‐ and medium‐sized enterprises (SMEs), which need adequate financial resources due to lack of resources and can search for opportunities to boost their performance. This research examines the role of financial availability in financial, innovative, and environmental performance with a mediating role of opportunity recognition. Empirical evidence is collected through structured questionnaires from 347 SMEs operating in the emerging market Pakistan. Hypotheses are tested in Analysis of a Moment Structure (AMOS) using structural equation modeling. Results indicate that satisfactory financial resources significantly contribute to financial and innovative performance but play an insignificant role in environmental performance as well. In addition, firms with enough financial capital recognize new opportunities significantly via opportunity recognition mediator, where partially mediating the relation between financial availability and financial/innovative performance. However, firms fully mediate the link between financial availability and environmental performance. Our research findings recommend CEOs and top managers to utilize their financial resources in an efficient way to achieve the advantage of the new opportunity recognition, superior financial, innovative, and environmental performance.
The idea of a shared economy becomes one of the companies as an enterprise type. Especially with the advanced development of digital smart devices and the internet, several forms of the mutual economy have been advanced in accord with the need for sharing of separate income. Shareable commodity and digital content are also seeking to utilize. When digital content is used as a sharing economy, various possible threats may arise in the course of transactions, the potential for theft, alteration, and hacking of contents. This paper presents a comprehensive overview of the security and privacy of Blockchain. Blockchain promise transparent, tamper-proof and secure systems that can enable novel solutions, especially when combined with smart contracts. In this research, we proposed a content protection and transaction method using Blockchain Ethereum Technology. The encryption algorithm is incorporated in proposed system to make transparent transactions and it is also implemented on content itself to prevent from smart forgery and hacking. The experimental results signify that the proposed method has strong potential to enhance transactions transparency by minimizing the security threats in digital content transactions.
Information technology capability (ITC) enhances firm performance, reflecting the constructs' positive relation. Namely ICT enables continual improvements in uncertain environments, despite its extant shortcomings. This article assesses the role that ITC plays in firm performance, mediated by capital availability and sustainable competitive position (SCP). Research hypotheses are tested through structural equation modeling, using the analysis moments of structure (AMOS) statistical software, applied on the data collected from 316 small and medium enterprises (SMEs) in Pakistan, through a structured questionnaire. The results show that ITC might significantly contribute to SCP and firm performance, wherein capital availability and SCP play their mediating roles, strengthening the positive relation between ITC and SCP. These relations' unconcealment suggests that owners, managers and partners of SMEs and other policymakers must promote ITC's self-development, in order to effectively enhance financial capital productivity and to achieve superior performance in turbulent markets. The results generalizability is restricted to SMEs in Pakistan, yet it would be challenging to explore this study's relations in other emerging economies. Most encouraged are researchers willing to test the study's model in other industries, especially in non-profit organizations in developed and emerging economies, in order to expedite ITC's potential contribution to firm performance.
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