Template-Type: ReDIF-Article 1.0
Author-Name: Greg Clydesdale
Author-X-Name-First: Greg
Author-X-Name-Last: Clydesdale
Title: Poverty, sustainability and the demographic dividend
Abstract:
Mid-range population projections for Africa predict a doubling of population by 2050, with serious consequences for the environment, poverty and civil conflict. Despite this, aid agencies are expressing confidence in demographic trends, placing faith in a 'demographic dividend'. This optimism is based on East Asian nations that enjoyed a demographic dividend during their development. The purpose of this paper is to re-examine the link between policy, population and the environment, with a particular focus on the demographic dividend. This is an analytical/conceptual paper in which existing literature is analysed. This includes a comparison with the current situation in Africa and that when the Asian nations experienced their rise. The paper finds the two are in very different situations. This paper argues that past policies have been enacted with the effect of increasing population and raising productivity with insufficient consideration of the consequences of population growth and the diversity within Africa.
Journal: Int. J. of Business and Emerging Markets
Pages: 3-21
Issue: 1
Volume: 10
Year: 2018
Keywords: demographic dividend; Africa; population; environment.
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Handle: RePEc:ids:ijbema:v:10:y:2018:i:1:p:3-21
Template-Type: ReDIF-Article 1.0
Author-Name: Brandon Walker-Price
Author-X-Name-First: Brandon
Author-X-Name-Last: Walker-Price
Author-Name: Shih Yung Chou
Author-X-Name-First: Shih Yung
Author-X-Name-Last: Chou
Title: A case study of spontaneous diversification: evidence from a small Thai family firm
Abstract:
Among the wealth of research in family firm diversification, whether family firm diversification can be spontaneous continues to be an under-analysed topic. We fill this gap by conducting a single-case study illustrating how spontaneous diversification occurs and its consequences using Chug Yont Engineering Co., Ltd., a small-sized Thai family firm. Our findings suggest four important implications. First, Buddhism has a strong implication on the mindset of corporate social responsibility (CSR). Second, through CSR engagement, family firms can develop new and unsought internal capabilities allowing them to diversify products and/or services spontaneously. Third, spontaneous diversification triggered by CSR engagement may allow family firms to exercise greater discretion in projects that they undertake and, consequently, the firms become conscientious of available resources with little regard for competition. Finally, using CSR-driven spontaneous diversification, family firms may rely little on formal marketing campaigns because spontaneous diversification helps establish social connections crucial to new ventures.
Journal: Int. J. of Business and Emerging Markets
Pages: 22-38
Issue: 1
Volume: 10
Year: 2018
Keywords: family firm; corporate social responsibility; CSR; diversification; Thailand; Buddhism.
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Handle: RePEc:ids:ijbema:v:10:y:2018:i:1:p:22-38
Template-Type: ReDIF-Article 1.0
Author-Name: Pradeep Kumar Hota
Author-X-Name-First: Pradeep Kumar
Author-X-Name-Last: Hota
Author-Name: Sumit Mitra
Author-X-Name-First: Sumit
Author-X-Name-Last: Mitra
Title: International orientation and business group performance: moderating role of product diversification (evidence from India)
Abstract:
Research on internationalisation and product diversification are primarily conducted at the firm level, leading to lack of understanding of these phenomena at the business group level. We address this gap by examining the effect of international orientation and product diversification on performance of business group and the moderating role of product diversification on international orientation and performance relationship. Using a sample of business groups from India, we tested our hypothesis by applying GLS fixed-effect regression model. Our result suggests that international orientation has a negative effect whereas product diversification has a positive effect on performance of business group. Further, presence of product diversification enhances the negative effect of international orientation on performance of business groups. Research findings have important implications for researchers as well as for business group managers.
Journal: Int. J. of Business and Emerging Markets
Pages: 39-56
Issue: 1
Volume: 10
Year: 2018
Keywords: international orientation; product diversification; emerging economy; business group; excess value measure; India.
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Handle: RePEc:ids:ijbema:v:10:y:2018:i:1:p:39-56
Template-Type: ReDIF-Article 1.0
Author-Name: Imad Jabbouri
Author-X-Name-First: Imad
Author-X-Name-Last: Jabbouri
Author-Name: Abdelillah El Attar
Author-X-Name-First: Abdelillah El
Author-X-Name-Last: Attar
Title: Dividend policy of firms listed on Casablanca Stock Exchange: a panel data analysis
Abstract:
This study attempts to identify the main determinants of dividend policy and evaluate the theories that better explain the dividend behaviour of Moroccan listed firms. Data consists of all non-financial firms listed on Casablanca Stock Exchange (CSE) between 2004 and 2015. This study employed panel data analysis to demonstrate that current profits, financial leverage, growth, liquidity, free cash flow, institutional stock holdings and economic conjuncture represent the main determinants of dividend policy of Moroccan listed firms. The results reveal that the level of expected earnings and past dividend patterns does not influence dividend policy. The findings offer analysts, investors and academicians a valuable tool to understand how CFOs, CEOs, and board of directors design dividend policy. Moreover, given the severity of agency problems in CSE and the role of dividend policy in reducing agency problems, understanding the factors influencing dividend policy is fundamental for investors trading in this market.
Journal: Int. J. of Business and Emerging Markets
Pages: 57-79
Issue: 1
Volume: 10
Year: 2018
Keywords: dividend policy; dividend puzzle; emerging markets.
File-URL: http://www.inderscience.com/link.php?id=90507
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Handle: RePEc:ids:ijbema:v:10:y:2018:i:1:p:57-79
Template-Type: ReDIF-Article 1.0
Author-Name: Edward O. Akoto
Author-X-Name-First: Edward O.
Author-X-Name-Last: Akoto
Title: The psychology of inflation on commitment bonds and citizenship intent: the case of Ghana
Abstract:
This study investigated the moderating effect of perceived inflation, an economic volatility construct, on the relation between commitment bonds and citizenship behaviour in the organisation and the union. A survey questionnaire was used to elicit perceptual responses from respondents in multiple unionised organisations in Ghana. Moderated multiple regression analysis was used to test the hypothesised relationships that perceived inflation differentially moderates the bond-citizenship relationships. After achieving conceptual fit of the multidimensional constructs, the inflation construct had an interactive effect on the organisational model but did not affect the union model. Perceived inflation moderates the effect of the affective bond on citizenship intent. The finding contributes to the literature on the psychology of inflation and the understanding of the impact of economic volatility on attitudes in the emerging economy of Ghana. Theoretical and practical implications, as well as directions for future research, are discussed.
Journal: Int. J. of Business and Emerging Markets
Pages: 80-98
Issue: 1
Volume: 10
Year: 2018
Keywords: perceived inflation; inflational psychology; economic volatility; organisational bonds; union bonds; citizenship intent; OCB; UCB; emerging market; Ghana.
File-URL: http://www.inderscience.com/link.php?id=90508
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Handle: RePEc:ids:ijbema:v:10:y:2018:i:1:p:80-98
Template-Type: ReDIF-Article 1.0
Author-Name: Surabhi Koul
Author-X-Name-First: Surabhi
Author-X-Name-Last: Koul
Author-Name: Piyush Kumar Sinha
Author-X-Name-First: Piyush Kumar
Author-X-Name-Last: Sinha
Author-Name: Hari Govind Mishra
Author-X-Name-First: Hari Govind
Author-X-Name-Last: Mishra
Title: Customer perceptions of product assortment leading to store patronage: a study of small retailers
Abstract:
The review of the literature reveals the role of product variety, product availability, price perceptions, assortment organisation and product quality constructs in terms of customer perceptions but such results lead to questioning the nature of the conceptual structure that would include these constructs as well as their interrelationships in a structural model. Moreover, the earlier studies are typically focused on organised stores. From this perspective, the purpose of this study is to evaluate the role of these constructs in evolving customer perceptions towards the store using data collected from 230 customers who visited small retailers in rural areas. The results reflect the importance of these identified variables towards the customer perceptions. Also the relationship between customer store perceptions and store patronage has been derived.
Journal: Int. J. of Business and Emerging Markets
Pages: 147-159
Issue: 2
Volume: 10
Year: 2018
Keywords: customer perceptions; product assortment; small retailers; store patronage.
File-URL: http://www.inderscience.com/link.php?id=91256
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Handle: RePEc:ids:ijbema:v:10:y:2018:i:2:p:147-159
Template-Type: ReDIF-Article 1.0
Author-Name: Sekar Srinivasan
Author-X-Name-First: Sekar
Author-X-Name-Last: Srinivasan
Author-Name: Lata Dyaram
Author-X-Name-First: Lata
Author-X-Name-Last: Dyaram
Title: Employee participation in corporate volunteering
Abstract:
Corporate volunteering (CV) is on the rise with several firms actively supporting and sponsoring social/community development activities, investing their key asset: employees, beyond mere donations. Most often, volunteering activities do need high levels of commitment and involvement of their employees to realise the purpose of volunteering activities. Although, employee's involvement is fundamental for CV, attraction, and sustenance of their participation is a long-standing challenge for the organisations. Hence, a systematic inquiry into the dynamic nature of drivers of employee participation in corporate volunteering is necessitated to understand the phenomenon of employee volunteering. We seek to explore and propose some of the key drivers of employee support for CV. Further, we inquire some of the volunteering experiences/challenges and organisational outcomes aiding insights into employee sustained involvement and support for volunteering initiatives. We discuss the theoretical and managerial implications.
Journal: Int. J. of Business and Emerging Markets
Pages: 127-146
Issue: 2
Volume: 10
Year: 2018
Keywords: motivation; participation; corporate volunteering; CV; organisational commitment; volunteering experiences.
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Handle: RePEc:ids:ijbema:v:10:y:2018:i:2:p:127-146
Template-Type: ReDIF-Article 1.0
Author-Name: Ahana Bose
Author-X-Name-First: Ahana
Author-X-Name-Last: Bose
Title: Do stringent corporate governance practices ensure diligent corporate social responsibility among organisations: investigating the link therein
Abstract:
We establish the relationship between corporate governance and corporate social responsibility in India. We design a corporate governance scorecard to capture the financial and accounting aspects of firms which help us in classifying them into high risk (poor governance) and low risk (good governance) bins. We then categorise the firms according to their level of risk to examine the level of corporate social responsibility activities carried out by them to assess their social conscientiousness. Probing whether the firms ranked in corporate governance scorecard carry out corporate social responsibility voluntarily or under compulsion in the light of Section 135 of the company's Act 2013 brings out whether the firms in question are carrying out corporate social responsibility willingly or are being forced to do so. The data reveals that high-risk firms are the ones carrying out high levels of corporate social responsibility after it has been made a compulsory practice by the company's Act 2013. It indicates the possibility that corporate social responsibility may complement corporate governance to help create a socially cognisant corporate sector sometime soon.
Journal: Int. J. of Business and Emerging Markets
Pages: 106-126
Issue: 2
Volume: 10
Year: 2018
Keywords: corporate social responsibility; corporate governance; corporate governance index; board of directors; ownership structure; business administration general; business economics; government policy and regulation; firm employment decisions; compensation; personnel management.
File-URL: http://www.inderscience.com/link.php?id=91263
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Handle: RePEc:ids:ijbema:v:10:y:2018:i:2:p:106-126
Template-Type: ReDIF-Article 1.0
Author-Name: Shireesh
Author-X-Name-First:
Author-X-Name-Last: Shireesh
Author-Name: Sushil Kumar
Author-X-Name-First: Sushil
Author-X-Name-Last: Kumar
Title: Evolution of stakeholder management approach in business: a literature review
Abstract:
Stakeholder management approach gained ground after R. Edward Freeman popularised the term and concept as a strategic management tool for business. Later, business ethics literature described stakeholder approach from a normative theory perspective and CSR theorists used the concept as a basis to describe a firm's social responsibility. Hence, we review the existing literature in the development of stakeholder management approach as a strategy for business and also as a normative concept. The paper reviews corporate social responsibility (CSR) literature to explore linkages between CSR and stakeholder management approach. CSR literature points to a direct link between stakeholder-oriented thinking and a firm's commitment to CSR programs. Contemporary scholarly work highlights the omnipresence of stakeholder management approach. Stakeholder approach continues to inspire businesses to behave responsibly and contribute towards welfare of communities however, theoretical inadequacy and lack of consensus among business and ethics scholars limit a wider adoption of the concept.
Journal: Int. J. of Business and Emerging Markets
Pages: 160-176
Issue: 2
Volume: 10
Year: 2018
Keywords: stakeholder; stakeholder theory; stakeholder management; stakeholder approach; corporate social responsibility; CSR; literature review; review.
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Handle: RePEc:ids:ijbema:v:10:y:2018:i:2:p:160-176
Template-Type: ReDIF-Article 1.0
Author-Name: Ratna Sinha
Author-X-Name-First: Ratna
Author-X-Name-Last: Sinha
Author-Name: Duraipandian Israel
Author-X-Name-First: Duraipandian
Author-X-Name-Last: Israel
Title: Employees' participation in CSR initiatives and job outcomes - affective commitment, job satisfaction, organisational attractiveness, organisational performance and turnover intention
Abstract:
The quest for equitable, inclusive and sustainable growth is a visible need. Corporate social responsibility (CSR) is a strategic issue which permeates departmental boundaries and influences the way organisation does its business and relates with its stakeholders. An important stakeholder group forms the 'employees', upon whom the interest now rests. This study focuses on employees' participation in CSR initiatives leading to the job related outcomes such as organisational attractiveness, job satisfaction, affective commitment, turnover intentions and job performance. In this study, 'pro-social values' is explored to understand the influence. The study draws its research and inputs from Schwartz value theory (1992, 1994, 1996, 2006, 2009 and 2012) and social identity theory (Tajfel and Turner, 1986). Out of the 500 questionnaire distributed only 293 response sheets could be utilised. The results revealed were insightful between the constructs of pro-social values, employees' participation in CSR initiatives and job outcomes.
Journal: Int. J. of Business and Emerging Markets
Pages: 177-207
Issue: 2
Volume: 10
Year: 2018
Keywords: corporate social responsibility; CSR; participation; CSR activities; CSR initiatives; job outcomes; affective commitment; job performance; organisational performance; job satisfaction; turnover intention.
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Handle: RePEc:ids:ijbema:v:10:y:2018:i:2:p:177-207
Template-Type: ReDIF-Article 1.0
Author-Name: Salil K. Sen
Author-X-Name-First: Salil K.
Author-X-Name-Last: Sen
Author-Name: Junya Pookayaporn
Author-X-Name-First: Junya
Author-X-Name-Last: Pookayaporn
Title: Economic value added and ecology value added as a measure for disaster preparedness linked to corporate social responsibility: Japan as a test-bed bridging Asia and North America
Abstract:
Japan's disaster preparedness drill at the Hokkaido Electric Power Plant at Tomari to be resilient to possible 3.4 meters tsunami test-beds the inter-linkage of disaster preparedness and corporate social responsibility. Vibrant Asia and re-focused North America (new leadership in the USA) prepares for shared value-based global supply chains, amidst the threat of disaster disruptions and environmental sustainability challenges. This paper posits Economic Value Added (EconVA) and Ecology Value Added (EcoVA) to objectively structure disaster preparedness. Research gap exists in the disaster preparedness domain as a sustainability measure for corporate social responsibility. This paper draws on recent literature including the Hyogo Framework for Action 2005-2015 and Sendai Framework for Disaster Rick Reduction 2015-2030 to configure the following research propositions: a) can the linkage of EVA and Eco-VA be embedded into organisation's CSR agenda to create competitiveness through savings through disaster preparedness with focus on Japan?; b) could the disaster preparedness linked CSR measure be unified for Asia and North America through a comprehensible visual metric (dash-board) evolved with Japan? Ordinal regression analysis were performed with EcoVA parameters: i) water; ii) waste; iii) energy and EconVA attributes: a) cost of capital; b) return on assets; c) operating assets, with dependent variables of CSR and disaster preparedness. Significance of 0.012 justifies the research propositions.
Journal: Int. J. of Business and Emerging Markets
Pages: 304-317
Issue: 3
Volume: 10
Year: 2018
Keywords: economic value added; ecology value added; EcoVA; CSR-linked disaster preparedness; scope Japan-North America-Asia; ordinal regression.
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Handle: RePEc:ids:ijbema:v:10:y:2018:i:3:p:304-317
Template-Type: ReDIF-Article 1.0
Author-Name: Preeti Goyal
Author-X-Name-First: Preeti
Author-X-Name-Last: Goyal
Author-Name: Madhu Vij
Author-X-Name-First: Madhu
Author-X-Name-Last: Vij
Title: The stock market renaissance: the case of the clearing and settlement process
Abstract:
There has been a significant effort to integrate regional capital markets which has required the integration of the underlying infrastructure. Addressing these challenges will require structural changes to the infrastructure. Clearing and settlement process is at the heart of this infrastructure. It enables the transfer of funds and equity shares between the buyer and the seller. Using the structural changes to the clearing and settlement process in the Indian stock markets, this study aims to study the impact of these changes on the level of trades that fail to settle. Our findings suggest that in general the level of trades failing to settle has seen considerable decrease, and that the structural changes to the process have been generally successful. Our findings will find significance in choosing the solutions to address the challenges that are arising from integration of stock market infrastructure.
Journal: Int. J. of Business and Emerging Markets
Pages: 229-249
Issue: 3
Volume: 10
Year: 2018
Keywords: stock market infrastructure; micro-structure; capital market integration; structural changes; clearing and settlement.
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Handle: RePEc:ids:ijbema:v:10:y:2018:i:3:p:229-249
Template-Type: ReDIF-Article 1.0
Author-Name: Ruchi Kansil
Author-X-Name-First: Ruchi
Author-X-Name-Last: Kansil
Author-Name: Archana Singh
Author-X-Name-First: Archana
Author-X-Name-Last: Singh
Title: Institutional ownership and firm performance: evidence from Indian panel data
Abstract:
The objective of this paper is to investigate the interdependent and interaction of institutional ownership and firm performance in an emerging market using Indian panel data. Two stage simultaneous equations - pooled and panel instrumental regression analysis is applied to the dataset that includes publicly listed Indian non-financial firms listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) as on 31 March 2014. A strong evidence of interrelation between institutional ownership and firm performance is evidenced in the Indian context. The results of fixed effect model confirm the relationship between firm performance and institutional ownership. Leverage and asset structure are joint determinants of firm performance and institutional ownership. However, firm performance impacts institutional ownership in the Indian context and not vice versa. The findings of the study could serve as guidelines for policy makers, institutional investors and the Indian corporate.
Journal: Int. J. of Business and Emerging Markets
Pages: 250-269
Issue: 3
Volume: 10
Year: 2018
Keywords: emerging market; institutional ownership; corporate governance; corporate ownership; firm performance; India.
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Handle: RePEc:ids:ijbema:v:10:y:2018:i:3:p:250-269
Template-Type: ReDIF-Article 1.0
Author-Name: Subrat Sarangi
Author-X-Name-First: Subrat
Author-X-Name-Last: Sarangi
Title: Distribution in emerging markets: a strategic perspective
Abstract:
The paper argues that firms need to create individual and institutional resource competencies around the institutional and environmental impediments for a successful distribution system in emerging markets by adopting a process based approach. The paper is based on integrative analysis of extant literature and examples of firms operating in emerging markets across the globe. It brings out a set of propositions studied under the lens of institutional theory, transaction cost theory, and resource based theory and resource advantage theory. Based on the integrative analysis of case examples and theoretical underpinnings, it is proposed that a hybrid strategy around individual and institutional competencies through a multi tier network with an influencer ecosystem leads to a sustainable distribution system. The recommended conceptual process framework is a significant contribution to theory building on distribution in emerging markets.
Journal: Int. J. of Business and Emerging Markets
Pages: 213-228
Issue: 3
Volume: 10
Year: 2018
Keywords: sustainable distribution; institutional theory; IT; resource based theory; RBT; multilevel distribution; inclusive growth; emerging markets.
File-URL: http://www.inderscience.com/link.php?id=93004
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Handle: RePEc:ids:ijbema:v:10:y:2018:i:3:p:213-228
Template-Type: ReDIF-Article 1.0
Author-Name: Clement Nangpiire
Author-X-Name-First: Clement
Author-X-Name-Last: Nangpiire
Author-Name: Ricardo Gouveia Rodrigues
Author-X-Name-First: Ricardo Gouveia
Author-X-Name-Last: Rodrigues
Author-Name: Ibrahim Osman Adam
Author-X-Name-First: Ibrahim Osman
Author-X-Name-Last: Adam
Title: Ease of doing business and foreign direct investment inflow among Sub-Sahara African countries
Abstract:
This study assesses the ease of doing business and foreign direct investment (FDI) inflows among Sub-African countries. Its purpose is to establish whether formal procedures of doing business have a positive relationship with FDI inflow in these countries. The study used 44 Sub-Sahara African countries data and the ease of doing business index given by the World Bank. The paper analysed these countries on their ease of doing business indicators and FDI inflow into these countries. It included all the ten sub-indicators of ease of doing business: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency. The result shows an R-square of (.555) which means that FDI change of 56% is explained by the model. The paper also found that, protecting minority investors, trading across borders and resolving insolvency are statistically significant at influencing FDI in the sub-region. It concludes that the ease of doing business indicators have an overall statistical influence in attracting FDIs into Sub-Sahara African countries. Therefore, the finding will help governments/policy makers to adjust their ease of doing business procedures in order to attract FDI.
Journal: Int. J. of Business and Emerging Markets
Pages: 289-303
Issue: 3
Volume: 10
Year: 2018
Keywords: doing business; FDI; Sub-Sahara; African countries.
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Handle: RePEc:ids:ijbema:v:10:y:2018:i:3:p:289-303
Template-Type: ReDIF-Article 1.0
Author-Name: Anup Raj
Author-X-Name-First: Anup
Author-X-Name-Last: Raj
Title: Corporate social responsibility in emerging economies: a case of Indian agribusiness
Abstract:
This empirical article investigates indicators and motives of modern corporate social responsibility (CSR) practices in Indian agribusiness context. The study uses content analysis of semi-structure interviews of 28 managers in four large Indian agribusiness firms. This study follows an inductive approach and offers a framework that provides insights into the indicators of agribusiness sector specific real motives of Indian firms for pursuing CSR. According to this framework, Indian agribusiness firms engage into participatory approach of community development as a proxy to CSR resulting finally in community ownership of CSR projects leading to sustainable CSR engagement. Interestingly, the findings of the study emphasise that there is an apparent shift from earlier prevalent ethical and philanthropic approach of CSR to stakeholder approach in the context of Indian agribusiness. The study reveals that there are two clear indicators to gauge the CSR intentions of agribusiness firms; the 'visible community development actions' and 'quantum of fund invested in CSR'. The study also divulges that more often than not 'quantum of CSR fund' is a function of the real nature of business of the firm and its legal/business requirements rather than philanthropic or altruistic motives.
Journal: Int. J. of Business and Emerging Markets
Pages: 270-288
Issue: 3
Volume: 10
Year: 2018
Keywords: emerging economy; agribusiness; corporate social responsibility; CSR; India.
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Handle: RePEc:ids:ijbema:v:10:y:2018:i:3:p:270-288
Template-Type: ReDIF-Article 1.0
Author-Name: Dora Abidi
Author-X-Name-First: Dora
Author-X-Name-Last: Abidi
Author-Name: Koichi Nakagawa
Author-X-Name-First: Koichi
Author-X-Name-Last: Nakagawa
Title: Innovation in VUCA world: evidence from Tunisian firms in a post-revolution context
Abstract:
Researchers have examined the positive impact of organisational entrepreneurial orientation (OEO) and managerial cognition about environmental changes (MGC) on innovation. However, volatility, uncertainty, complexity, and ambiguity (VUCA) in today's business environment has affected firms and their innovation-decision. Thus, factors which help innovation to thrive may eventually hamper its performance in such an environment. Assessing 67 Tunisian enterprises following the Jasmine revolution, we examine the VUCA context and the joint impact of organisational and managerial factors on innovation. Our results indicate that OEO and MGC both positively influence innovation performance, but their joint impact is negative. Thus, innovation will be less successful if managers and organisations are either highly or slightly innovation oriented. Consequently, a moderate level of innovativeness leads to higher organisational success in a VUCA environment. Such orientation refers to the first follower strategy, where the firm learns from a first mover's experience, then responds to the environmental changes.
Journal: Int. J. of Business and Emerging Markets
Pages: 319-340
Issue: 4
Volume: 10
Year: 2018
Keywords: organisational innovation; first follower; strategy; managerial cognition of environmental changes; entrepreneurial orientation; VUCA; Tunisia.
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Handle: RePEc:ids:ijbema:v:10:y:2018:i:4:p:319-340
Template-Type: ReDIF-Article 1.0
Author-Name: Victoria Geyfman
Author-X-Name-First: Victoria
Author-X-Name-Last: Geyfman
Title: Banks and public capital markets in European emerging economies
Abstract:
A critical aspect of integration of emerging markets (EM) of Eastern Europe into the global financial system is the continuing financial liberalisation process and the development of effective domestic capital markets. While these countries have made considerable progress in this area since the early stages of economic transformation in the 1990s, the level of financial development and market capitalisation remains weak by the developed world's standards. This study examines the development of capital markets and the effect of macroeconomic, bank-level, and regulatory fundamentals on the banks' decision to participate in public capital markets. The study also examines the predominance of foreign-owned banks in EM and assesses their effect on the development of financial markets.
Journal: Int. J. of Business and Emerging Markets
Pages: 360-379
Issue: 4
Volume: 10
Year: 2018
Keywords: emerging market economies; Eastern Europe; capital market development; foreign-owned banks; financial crisis.
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Handle: RePEc:ids:ijbema:v:10:y:2018:i:4:p:360-379
Template-Type: ReDIF-Article 1.0
Author-Name: Muhammad Tahir
Author-X-Name-First: Muhammad
Author-X-Name-Last: Tahir
Author-Name: Sidra Hanif
Author-X-Name-First: Sidra
Author-X-Name-Last: Hanif
Title: Application of Z"-score model to non-financial sector of Pakistan
Abstract:
The article applies <i>Z"</i>-score model to predict the financial distress-level of 131 firms of five industries from non-financial sector of Pakistan, including automobile, food, chemical, engineering and cement industry. First, <i>Z"</i>-score was calculated for all the firms within the five industries. Afterwards, the skewed nature of the dataset leads to the application of Kruskal-Wallis test to reach through the conclusion. The results rank the financial health of the automobile industry at first place in contrast to that of the cement industry at last place. Hence, the cement industry has weaker financial health among all others in the sample. Thus, the study recommends to employ <i>Z"</i>-score model to be aware of financial health of the firms, so that some immediate measures could be adopted to avoid severe future consequences. Moreover, the results of the study are useful for the stakeholders of the firms. For example, investors can use this information to assess the financial health of the firms before investing their money.
Journal: Int. J. of Business and Emerging Markets
Pages: 380-395
Issue: 4
Volume: 10
Year: 2018
Keywords: financial health; Altman Z-score; emerging market score; EMS; financial leverage; liquidity; distress-level; Pakistan.
File-URL: http://www.inderscience.com/link.php?id=95709
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Handle: RePEc:ids:ijbema:v:10:y:2018:i:4:p:380-395
Template-Type: ReDIF-Article 1.0
Author-Name: Peter Broeder
Author-X-Name-First: Peter
Author-X-Name-Last: Broeder
Author-Name: Rendal Derksen
Author-X-Name-First: Rendal
Author-X-Name-Last: Derksen
Title: Exclusivity in online targeted promotions: cross-cultural preferences of consumers
Abstract:
The ease of adapting and customising content leads targeted promotions to be one of the most important strategies in online marketing. Online marketers use different strategies to attract consumers to their webshop, such as scarcity effects. A specific type of scarcity is exclusivity, in which only a selected group of people receives a promotion. This study examines the effectiveness of the use of online targeted promotions across cultures. 140 Dutch and 123 Mexicans between 18 and 35 years old filled out an online questionnaire. Participants were randomly assigned to one of the four conditions in which they received either an exclusive or a non-exclusive offer on either Facebook or Gmail. The results indicated that Mexicans are more prone to exclusive offers than non-exclusive offers, while for Dutch consumers an opposite trend was found. Mexicans report a more favourable attitude and higher visiting intention for online advertisements in general, although the found effect was especially strong for exclusive offers. This study shows that the use of exclusivity can be effective in emerging online markets such as Mexico. However, new ways of online advertising are needed to persuade the experienced online consumer.
Journal: Int. J. of Business and Emerging Markets
Pages: 396-408
Issue: 4
Volume: 10
Year: 2018
Keywords: online advertising; exclusivity; targeted offers; consumer behaviour; cultural localisation; Mexican; Dutch.
File-URL: http://www.inderscience.com/link.php?id=95710
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Handle: RePEc:ids:ijbema:v:10:y:2018:i:4:p:396-408
Template-Type: ReDIF-Article 1.0
Author-Name: Lam D. Nguyen
Author-X-Name-First: Lam D.
Author-X-Name-Last: Nguyen
Author-Name: Natalia Ermasova
Author-X-Name-First: Natalia
Author-X-Name-Last: Ermasova
Title: Task, relationship and work overload stress orientations of Russian and Dutch working adults: does gender make a difference?
Abstract:
The purpose of this paper is to investigate the task, relationship and work overload stress orientations of working adults in the high-context cultures of Russia and in the low-context cultures of the Netherlands based on gender. Totally, 438 respondents including 230 Russians and 208 Dutch participants completed Northouse's (2007) style questionnaire and the overload stress inventory survey. Two-way ANOVA methodology is used for hypotheses testing in this research. Gender is a significant factor on the relationship-oriented style but not on the task-oriented style as well as work overload stress perceptions of these respondents. Russian working adults perceived more work overload stress than their Dutch counterparts. The national culture and demographic differences impose constraints on the work overload stress perception of working adults in the Netherlands and Russia. Researchers and scholars can benefit from this study as it provides more empirical results in understanding the impact of gender and cultural factors.
Journal: Int. J. of Business and Emerging Markets
Pages: 341-359
Issue: 4
Volume: 10
Year: 2018
Keywords: gender; leadership; relationships; Russian; stress perception; tasks; the Netherlands; work life balance; cross-culture management.
File-URL: http://www.inderscience.com/link.php?id=95711
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Handle: RePEc:ids:ijbema:v:10:y:2018:i:4:p:341-359