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Vol. 8 No. 1 (2025)

Bhutan Journal of Business and Management
Published: 2025-07-30
Executive Summary

The five studies collectively provide a timely and policy-relevant understanding of Bhutan’s institutional, commercial, and financial transformation. Although they examine different sectors—higher education, digital marketing, retail, green finance, and commercial banking—they converge around a common message: Bhutan’s organisations are facing growing pressure to become more accountable, digitally capable, financially resilient, and sustainability-oriented.

The study on Individual Work Performance (IWP) at the Royal University of Bhutan highlights the importance of fair and credible performance management in public higher education. While IWP is intended to strengthen accountability, professionalism, and evidence-based decision-making, the findings show that academic staff are concerned about objectivity, fairness, and the time burden of appraisal. Supervisors, meanwhile, identify personnel relationships as a major challenge. This suggests that performance systems must be regularly reviewed, participatory, transparent, and sensitive to institutional culture.

Two studies focus on Bhutan’s changing digital commerce landscape. The study on TikTok live-streaming commerce shows that consumer purchase intention is strongly shaped by customer trust, information quality, and streamer attractiveness. This indicates that digital marketing success in Bhutan depends less on platform availability alone and more on credibility, authenticity, and clear product communication. Similarly, the study on physical retailers in Thimphu reveals that traditional retailers are under pressure from declining footfall, online price competition, high fixed costs, weak digital infrastructure, and limited digital skills. However, their willingness to adopt e-commerce suggests that digital transformation is possible if supported by training, affordable payment systems, and fair policy treatment.

The two banking studies deepen the discussion on financial sector reform. The green finance study shows that Bhutanese commercial banks face institutional, regulatory, technical, and market-related barriers despite national sustainability ambitions. At the same time, opportunities exist in mini-hydropower, solar energy, electric mobility, and sustainable housing, especially through blended finance and donor support. The capital structure study further shows that excessive reliance on debt negatively affects asset profitability, while stronger equity-based financing improves return on assets.

Taken together, these studies show that Bhutan’s next stage of development requires coordinated reforms across institutions, markets, and financial systems. The key priorities are strengthening governance, building digital and technical capacity, improving regulatory clarity, supporting innovation, and aligning financial decisions with long-term sustainability. Overall, the studies offer practical evidence for policymakers, managers, educators, entrepreneurs, and financial institutions seeking to build a more resilient and future-ready Bhutanese economy.

Articles in this Issue

Click on each title to read in detail

Assessing the Relationship between Capital Structure and Financial Performance of Commercial Banks in Bhutan

Rinchen Lhaden Rinchen Lhaden Royal Insurance Corporation of Bhutan Limited, Norzin Lam, Thimphu, Post Box No: 315, Bhutan , Pema Tshering Pema Tshering Bhutan Telecom Limited, Drophen Lam 2/28, Chubachu, Thimphu, Bhutan, Post Box No. 134 , Pema Yangdon Pema Yangdon Gedu College of Business Studies, 21007, Bongo, Chukha, Bhutan , Samten Norbu Samten Norbu Gedu College of Business Studies, 21007, Bongo, Chukha, Bhutan & Sonam Chokey Sonam Chokey Gedu College of Business Studies, 21007, Bongo, Chukha, Bhutan
Submitted: 2025-04-01 Accepted: 2025-05-31 Published: 2025-07-30 Issue: Vol. 8 No. 1 (2025) DOI: 10.17102/bjbm.v8.5

Adoption of Green Finance in Bhutanese Commercial Banks: Challenges, Opportunities, and Strategies

Nigam Samal Nigam Samal Druk Holding & Investments, 5th Floor, Bank of Bhutan Building, 18 Norzin Lam-II, P.O. Box 1127, Thimphu 11001, Bhutan , Kinga Wangmo Kinga Wangmo Regional Revenue & Customs Office (RRCO), Department of Revenue and Customs, Ministry of Finance, Lower Chubachu, P.O. Box 143, Thimphu 11001, Bhutan , Kinley Dorji Kinley Dorji Druk Green Power Corporaton Limited, 1168 Serbi Lam Southeast, Post Box No. 1351, Thimphu 11001, Bhutan , Lekzang Pema Seldon Lekzang Pema Seldon Tashi InfoComm Private Limited, Samten Lam, Chubachu, Post Box No. 1502, Thimphu 11001, Bhutan , Pema Yoezer Pema Yoezer Druk Holding & Investments, 5th Floor, Bank of Bhutan Building, 18 Norzin Lam-II, P.O. Box 1127, Thimphu 11001, Bhutan & Chencho Wangchuk Chencho Wangchuk Gedu College of Business Studies, Royal University of Bhutan, 21007, Bongo, Chukha, Bhutan
Submitted: 2025-01-23 Accepted: 2025-04-30 Published: 2025-07-30 Issue: Vol. 8 No. 1 (2025) DOI: 10.17102/bjbm.v8.4

E-commerce Impact on Retail Sector in Thimphu: Assessing Challenges, Willingness and Readiness for E-commerce

Dorji Yuden Dorji Yuden Gerab Financials Limited, First Floor, Namgyel Khangzang Building, Tshalu Lam, Simtokha, Thimphu 11001, Bhutan , Namgay Wangmo Namgay Wangmo Gedu College of Business Studies, Royal University of Bhutan, 21007, Bongo, Chukha, Bhutan , Karma Sherab Lhamo Karma Sherab Lhamo DK Bank (Digital Kidu), Building No. 43, Norzin Lam, Post Box No. 1714, Thimphu 11001, Bhutan & Younten Lhamo Younten Lhamo Murdoch University, 90 South St, Murdoch, Post Box No. 6150, Perth, Western Australia, Australia
Submitted: 2024-11-17 Accepted: 2025-03-31 Published: 2025-07-30 Issue: Vol. 8 No. 1 (2025) DOI: 10.17102/bjbm.v8.3

Factors Influencing Consumer Purchase Intention on Products Communicated through TikTok Live Streaming among GCBS Students

Pingola Acharya Pingola Acharya Sengdhyen Lower Secondary School, Ministry of Education and Skills Development, Tendrel Paang, Dorokha Dungkhag, Samtse 22001, Bhutan , Sangay Choden Sangay Choden Gedu College of Business Studies, Royal University of Bhutan, 21007, Bongo, Chukha, Bhutan , Pema Yangki Pema Yangki Gedu College of Business Studies, Royal University of Bhutan, 21007, Bongo, Chukha, Bhutan , Samira Gurung Samira Gurung Gedu College of Business Studies, Royal University of Bhutan, 21007, Bongo, Chukha, Bhutan & Sangay Nima Sangay Nima Ugyentse Primary School, Ministry of Education and Skills Development, Ugyentse, Samtse 22001, Bhutan
Submitted: 2024-09-11 Accepted: 2025-03-01 Published: 2025-07-30 Issue: Vol. 8 No. 1 (2025) DOI: 10.17102/bjbm.v8.2

Individual Work Plan (IWP) in Royal University of Bhutan: Challenges Faced by the Supervisors and Academics

Yeshi Pelden Yeshi Pelden Gedu College of Business Studies, Royal University of Bhutan, 21007, Bongo, Chukha, Bhutan , Sonam Dema Sonam Dema Gedu College of Business Studies, Royal University of Bhutan, 21007, Bongo, Chukha, Bhutan & Purnendu Basu Purnendu Basu ICFAI Business School (IBS) Hyderabad, Survey No. 156/157, IFHE-IBS Campus, Donthanapally, Shankarapalli Road, Hyderabad, Telangana 501203, India
Submitted: 2024-07-05 Accepted: 2025-01-29 Published: 2025-07-30 Issue: Vol. 8 No. 1 (2025) DOI: 10.17102/bjbm.v8.1

Articles Overview

  1. Individual Work Plan (IWP) in Royal University of Bhutan: Challenges Faced by the Supervisors and Academics

    Yeshi Pelden, Sonam Dema, Purnendu Basu

    1,234 views
  2. Factors Influencing Consumer Purchase Intention on Products Communicated through TikTok Live Streaming among GCBS Students

    Pingola Acharya, Sangay Choden, Pema Yangki, Samira Gurung, Sangay Nima

    1,208 views
  3. Assessing the Relationship between Capital Structure and Financial Performance of Commercial Banks in Bhutan

    Rinchen Lhaden, Pema Tshering, Pema Yangdon, Samten Norbu, Sonam Chokey

    1,101 views
  4. Adoption of Green Finance in Bhutanese Commercial Banks: Challenges, Opportunities, and Strategies

    Nigam Samal, Kinga Wangmo, Kinley Dorji, Lekzang Pema Seldon, Pema Yoezer, Chencho Wangchuk

    935 views
  5. E-commerce Impact on Retail Sector in Thimphu: Assessing Challenges, Willingness and Readiness for E-commerce

    Dorji Yuden, Namgay Wangmo, Karma Sherab Lhamo, Younten Lhamo

    886 views
  6. Indian Cultural Values in Advertising: A Comprehensive Review

    Subash Limbu, Kalyan Mukherjee

    813 views

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