Digital transformation refers to technological application with a comprehensive shift in corporate governance's mindset, structure, and strategy. In particular, digital transformation project management is key in ensuring that digital transformation initiatives are implemented on schedule and achieve the set goals. This study investigates the importance of a leader's project management competence and other internal factors in successfully implementing digital transformation projects. Through Partial Least Squares Structural Equation Modeling (PLS-SEM), data collected from questionnaires administered to 436 small and medium-sized enterprises (SMEs) in Thanh Hoa, Vietnam shows that all four internal factors included in the model directly affect the transform digital ability and indirectly affects the level of digital transformation of SMEs, in which the most decisive influence comes from digital transformation strategy, followed by the influence of corporate culture, technology platform and finally workforce competence. More specifically, this study has demonstrated that an enterprise's digital transformation can be considered a project, and the leader's project management competence determines the project's success. The project management capacity of the enterprise leaders not only directly affects the digital transformation results but also plays a positive moderator in the association between digital transformation capability and the digital transformation level of SMEs. The results suggest several recommendations for leaders of SMEs in Thanh Hoa Province to improve project management capacity, thereby promoting the digital transformation process.

Analyzing the effects of Internal Factors, Local Government Interventions, External Factors and Policies of Bank Indonesia and the Financial Services Authority on Profitability with External Factors as Moderating Variables at Regional Development Banks in Indonesia. Sample this research is a Regional Development Bank of 24 Banks with research data from 2010 to 2018. A total of 24 Regional Development Banks throughout Indonesia were sampled from 2010 to 2018, so the observation data in this study includes 216 research data and there are 80 outlier data so that the data processed in this study with 136 data processed in the study. Analysis of the data in this study used Structural Equation Modeling with Warp PLS Program and internal actors gave a significant influence on profitability, Intervenes local government gave insignificant influence on profitability, External actors gave a significant influence on profitability, policy Bank Indonesia and financial services authority gave insignificant influence on profitability, Policy Bank Indonesia and financial services authority gave a positive and insignificant influence on profitability with external factors as moderation at the Regional Development Bank in Indonesia.

This study aims to examine the effects of different factors influencing on financial distress. The population of this study includes industrial companies listed on the Indonesia Stock Exchange. Samples were processed by choosing 69 companies for three years of information which leaves us to have 150 observations. The sampling technique uses purposive random sampling and data is analyzed using PLS. The results show that firm size and liquidity negatively affect the financial distress while leverage positively affects the financial distress. In addition, institutional ownership moderates liquidity towards financial distress, firm size negatively affects liquidity, and liquidity does not mediate the effect of firm size on financial distress. The conclusion of this research is that management teams can avoid financial distress if they are able to manage liquidity ratios and leverage well, both ratios must be maintained so that they would not exceed firms’ financial abilities. Companies with big amount of total assets have an advantage in competition since it is not overshadowed by the condition of financial distress and they can easily gain stakeholders’ confidence. Institutional ownership in this study seems to encourage management to take risks related to company liquidity to generate profits by utilizing long-term debt in financing its operations.