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IMPACT OF INDUSTRY 4.0 REVOLUTION AND LEADERSHIP SUPPORT ON THE OPERATIONAL EFFICIENCY MANAGEMENT OF THE MANUFACTURING INDUSTRY IN ASEAN COUNTRIES
IMPACT OF INDUSTRY 4.0 REVOLUTION AND LEADERSHIP SUPPORT ON THE OPERATIONAL EFFICIENCY MANAGEMENT OF THE MANUFACTURING INDUSTRY IN ASEAN COUNTRIES
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Date
2022
Authors
Shafi Mohamad
Abdurrahman Adamu Pantamee
Ooi Chee Keong
Vu Minh Hieu
Putri Mutira
Kwong Wing Chong
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Research Projects
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Abstract
Operational efficiency of an organization is considered to be a crucial element of any firm. The production of goods and services, their quality, marketing and profitability depend on the efficiency of business operations. Moreover, the reliance on operational efficiency is mostly associated with the industry 4.0 revolution and leadership support. Thus, the current research investigates the impact of the industry 4.0 revolution and leadership support on the operational efficiency management of the textile industry in the Association of Southeast Asian Nations (ASEAN) countries. The liquidity and capital structure have been used as the control variables. In the current article, researchers extracted the secondary data from the financial statements of the textile industry from 1991 to 2020. The researchers also applied the panel Autoregressive Distributed Lag (ARDL) to test the relationships among the constructs. The results revealed that the industry 4.0 revolution, leadership support, liquidity, and capital structure were positively associated with operational efficiency management of the textile industry in ASEAN countries. This study guides the regulators in establishing the policies related to operation efficiency management by focusing on the industry 4.0 revolution and leadership support.
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Keywords
Industry 4.0 revolution,
leaderships support,
liquidity,
capital structure,
operational efficiency management