Template-Type: ReDIF-Article 1.0 Author-Name: Bernd Britzelmaier Author-X-Name-First: Bernd Author-X-Name-Last: Britzelmaier Title: Cost of equity capital in small and medium sized private companies: theoretical considerations and empirical and case-study's results concerning SMEs in southwest Germany Abstract: Cost of capital rates are used for a number of purposes in finance and accounting such as the determination of imputed interest, investment appraisal or value-based management. While stock-listed companies are able to use capital market oriented methods to determine their cost of equity such as CAPM or APT other companies have to follow different approaches. The aim of this paper is to summarise and update research papers published during the last couple of years dealing with the relevance and application of cost of equity in SMEs (Britzelmaier et al., 2013, 2014, 2015). After a brief introduction, the characteristics of SMEs are discussed. A critical overview of fundamentals and common calculation methods of the cost of equity capital is provided. After the literature review findings of empirical studies are presented as well as findings of a case study. A conclusion and an outlook are given. Journal: Int. J. of Business and Globalisation Pages: 4-17 Issue: 1 Volume: 22 Year: 2019 Keywords: cost of capital; COC; SME; capital asset pricing model; CAPM; Germany. File-URL: http://www.inderscience.com/link.php?id=97386 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:1:p:4-17 Template-Type: ReDIF-Article 1.0 Author-Name: Jaime Moll De Alba Author-X-Name-First: Jaime Moll De Author-X-Name-Last: Alba Title: Industrial development in North Africa: a comparative analysis for the period 2004-2012 Abstract: This article examines the status of industrial development in North Africa during the period 2004-2012. The objective is to find out whether, during a period of relatively significant economic growth of the African continent followed by a global crisis, the industrial sector of the North African region has experienced significant changes which have underpinned its growth. We carry out a comparative analysis with other selected developing regions, based on a set of key indicators relating to the industrial production and trade of manufactured products using internationally comparable datasets for the reference period. Our analysis indicates that the manufacturing base of the region remains weak. Our study contributes to understand the status and the patterns of structural transformation of the North African region and proposes recommendations. Journal: Int. J. of Business and Globalisation Pages: 18-36 Issue: 1 Volume: 22 Year: 2019 Keywords: industrial development; structural change; manufacturing; trade of manufactures; North Africa. File-URL: http://www.inderscience.com/link.php?id=97387 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:1:p:18-36 Template-Type: ReDIF-Article 1.0 Author-Name: Panayiota J. Alevizou Author-X-Name-First: Panayiota J. Author-X-Name-Last: Alevizou Author-Name: Claudia E. Henninger Author-X-Name-First: Claudia E. Author-X-Name-Last: Henninger Author-Name: Chloe Spinks Author-X-Name-First: Chloe Author-X-Name-Last: Spinks Title: Communicating sustainability practices and values: a case study approach of a micro-organisation in the UK Abstract: This article investigates sustainability communication through the lens of integrated marketing communication (IMC) by focusing on one case organisation that sees aspects of sustainability at the heart of its operations. This qualitative inquiry utilises a case study approach and a variety of methodological tools, including in-depth semi-structured interviews and semiotic analysis of online and offline media. Findings highlight although the case organisation seeks to use an IMC approach across their multiple communication channels the same message cannot always be conveyed as, especially social media channels, have restricted formatting settings. As a result the encoded message is confusing and leads to a loss of meaning. Although this research is based on a single case study, it allows for an in-depth investigation of a phenomenon and practical recommendations on how to overcome challenges with online platforms. This research is of value as it investigates IMC in and under researched context micro-organisations, as well as combines it with challenges of effectively broadcasting sustainability messages to an end-consumer. Journal: Int. J. of Business and Globalisation Pages: 37-52 Issue: 1 Volume: 22 Year: 2019 Keywords: integrated marketing communications; IMC; micro-organisations; sustainability communication; sustainability; UK. File-URL: http://www.inderscience.com/link.php?id=97388 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:1:p:37-52 Template-Type: ReDIF-Article 1.0 Author-Name: Delia Vazquez Author-X-Name-First: Delia Author-X-Name-Last: Vazquez Author-Name: Jenny Cheung Author-X-Name-First: Jenny Author-X-Name-Last: Cheung Author-Name: Xiangran Wu Author-X-Name-First: Xiangran Author-X-Name-Last: Wu Title: Investigating Chinese audience-consumer responses towards TV character-based fashion related social media content Abstract: This study investigates brands placed within the context of a TV series, as TV series have long been identified as a source of peer group discussion (Noguti and Russell, 2008). TV audience consumer engagement is particularly compelling when TV series feature emotionally empathic characters. This study aims to analyse the effect of social media fashion brand communications with Chinese TV series audiences' online purchase behaviour. An online survey (n = 150) was conducted to analyse the links connecting parasocial relationships between TV audiences and audiences' purchase intentions. The results indicate that consumers develop parasocial relationships with TV characters that positively affect their purchase intentions. These results are significant, as marketeers seek to find emotional connections with their consumers across an increasingly fragmented media landscape. Emotional brand engagement is the key to future growth, and integration within empathic storylines within TV series can be viewed as an effective marketing tool. Journal: Int. J. of Business and Globalisation Pages: 53-73 Issue: 1 Volume: 22 Year: 2019 Keywords: parasocial; fashion marketing; emotional engagement; TV characters emotional brand associations; fashion social media; Chinese consumers. File-URL: http://www.inderscience.com/link.php?id=97389 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:1:p:53-73 Template-Type: ReDIF-Article 1.0 Author-Name: Adriana Calvelli Author-X-Name-First: Adriana Author-X-Name-Last: Calvelli Author-Name: Chiara Cannavale Author-X-Name-First: Chiara Author-X-Name-Last: Cannavale Author-Name: Clara Bassano Author-X-Name-First: Clara Author-X-Name-Last: Bassano Author-Name: Elena Laurenza Author-X-Name-First: Elena Author-X-Name-Last: Laurenza Title: New trends in luxury goods consumptions: a cross-cultural analysis Abstract: Luxury is a very subjective concept, strictly connected to the values and assumptions people use to orientate their choices and behaviours. Values are concepts or beliefs, which refer to desirable states or behaviours and are used as standards or criteria to select or evaluate behaviour and events (Schwartz, 1994). They influence individuals' perceptions and choices, and this happens both at an individual and at a collective level. Our study is a working progress paper as a first attempt to investigate the effects of cultural values on the demand of luxury goods, to answer the following questions: <i>Does consumers' perception of luxury goods vary across countries? Does culture affect this perception?</i> Journal: Int. J. of Business and Globalisation Pages: 74-90 Issue: 1 Volume: 22 Year: 2019 Keywords: luxury goods; luxury perceptions; consumer purchase behaviour; culture; materialism; hedonism. File-URL: http://www.inderscience.com/link.php?id=97390 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:1:p:74-90 Template-Type: ReDIF-Article 1.0 Author-Name: Marta Blazquez Author-X-Name-First: Marta Author-X-Name-Last: Blazquez Author-Name: Kurt Mattich Author-X-Name-First: Kurt Author-X-Name-Last: Mattich Author-Name: Claudia E. Henninger Author-X-Name-First: Claudia E. Author-X-Name-Last: Henninger Author-Name: Eva Helberger Author-X-Name-First: Eva Author-X-Name-Last: Helberger Title: The effects of rebranding on customer-based brand equity Abstract: The luxury fashion market is predicted to continue to grow rapidly, as millennial are becoming the new luxury consumers. Differentiation from competitors, attracting new consumers, and continuously maintaining brand equity is more challenging than ever, especially for global brands. The purpose of this study is to explore the drivers and process of rebranding and its influence on brand awareness and customer-based brand equity within the luxury fashion market. This study adopts a multi-method qualitative approach, employing semi-structured interviews with practitioners, consumer-based focus groups, and semiotics - in order to measure the impact of rebranding processes on customer-based brand equity. The findings outline the most frequent drivers and the crucial steps of a rebranding process for the luxury market. Radical and moderate changes can be made to the brand image and further support customer-based brand equity, yet, it is vital to remain true to the original heritage and brand's DNA. Journal: Int. J. of Business and Globalisation Pages: 91-109 Issue: 1 Volume: 22 Year: 2019 Keywords: customer-based brand equity; CBBE; rebranding; brand knowledge; brand awareness; brand image; brand associations; luxury fashion. File-URL: http://www.inderscience.com/link.php?id=97391 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:1:p:91-109 Template-Type: ReDIF-Article 1.0 Author-Name: Marta Blazquez Author-X-Name-First: Marta Author-X-Name-Last: Blazquez Author-Name: Rosy Boardman Author-X-Name-First: Rosy Author-X-Name-Last: Boardman Author-Name: Luyu Xu Author-X-Name-First: Luyu Author-X-Name-Last: Xu Title: International flagship stores: an exploration of store atmospherics and their influence on purchase behaviour Abstract: Flagship stores are luxury retailers' most prestigious market entry method and serve as impressive representations of their brand image. However, there is a lack of extant research investigating how the holistic experience created in luxury flagship stores has an effect on consumers' purchase behaviour. This study aims to fill this gap in the academic literature by using a qualitative methodology to explore how the atmospheric cues in luxury flagship stores influence consumers' impressions of the brand and, ultimately, their impulse and non-impulse purchase behaviour. The findings show that atmospheric cues and design features have a significant impact on the perceived brand image and on both impulse and non-impulse purchase behaviour. Furthermore, the results show that the most influential atmospheric cues on purchase behaviour are the customer service provided, followed by the product displays, the layout of the store and the design and experience of the fitting rooms. Journal: Int. J. of Business and Globalisation Pages: 110-126 Issue: 1 Volume: 22 Year: 2019 Keywords: flagship stores; store atmospherics; international retail; in-store experience; luxury retailing; purchase behaviour. File-URL: http://www.inderscience.com/link.php?id=97392 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:1:p:110-126 Template-Type: ReDIF-Article 1.0 Author-Name: Katalin Pádár Author-X-Name-First: Katalin Author-X-Name-Last: Pádár Author-Name: Zoltán Sebestyén Author-X-Name-First: Zoltán Author-X-Name-Last: Sebestyén Author-Name: Béla Pataki Author-X-Name-First: Béla Author-X-Name-Last: Pataki Title: Examining corresponding project management and change management roles in practice Abstract: Project sponsors and change sponsors, as well as project managers and change agents are corresponding roles of project management (PM) and change management (CM) on the domain of projects that are also second-order changes (i.e., change projects). However, the number of sources putting this theoretical notion to test is close to none. We examined the knowledge and understanding of practitioners from different fields regarding CM and PM (role) concepts - based on an international online survey. Our findings point to an observable asymmetry regarding CM-related and PM-related knowledge. Respondents' answers varied a lot more when it came to defining changes compared to having to define projects. PM is the better known scientific field and has a more prevalent methodology. Survey results support previous theoretical findings regarding the correspondence of the roles of the: 1) change sponsor and project sponsor; 2) change agent and project manager. Journal: Int. J. of Business and Globalisation Pages: 127-142 Issue: 1 Volume: 22 Year: 2019 Keywords: project sponsor; change sponsor; change agent; project manager; project management; corresponding roles; project management roles; change management roles. File-URL: http://www.inderscience.com/link.php?id=97394 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:1:p:127-142 Template-Type: ReDIF-Article 1.0 Author-Name: Leena Ajit Kaushal Author-X-Name-First: Leena Ajit Author-X-Name-Last: Kaushal Title: FDI in India's retail trade Abstract: The paper examines the political stand of holding back 100% FDI in multi-brand retail in India on the ground of safeguarding un-organised sector, the Kiranas. The study argues that this fear is largely unfounded by highlighting the dual nature of retail sector where foreign retailers operating through super markets cater mainly to the upper income groups with a demand for differentiated products leaving the market for undifferentiated and relatively low price goods to the Kiranas who cater the lower income groups mostly in the rural areas. The study hence proposes that the foreign owned firms in the retail sector are most unlikely to pose a threat to the Kiranas rather they may facilitate the sales of the Kiranas. Journal: Int. J. of Business and Globalisation Pages: 143-153 Issue: 2 Volume: 22 Year: 2019 Keywords: foreign direct investment; FDI; retail; organised retail; India; multi-brand retail. File-URL: http://www.inderscience.com/link.php?id=98730 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:2:p:143-153 Template-Type: ReDIF-Article 1.0 Author-Name: Kunofiwa Tsaurai Author-X-Name-First: Kunofiwa Author-X-Name-Last: Tsaurai Title: Property rights, foreign direct investment and economic growth: a comparison of two southern African countries Abstract: This study investigated the relationship between property rights, FDI and economic growth in Zambia and Zimbabwe using the ARDL Bounds testing framework with annual time series data from 1985 to 2015. The study observed that there was no long run relationship between either property rights and FDI or property rights and economic growth in both countries. However, a co-integrating relationship between FDI and economic growth was established both in Zambia and Zimbabwe. Granger causality tests revealed a uni-directional causality relationship running from economic growth to FDI in Zambia in the long run whereas economic growth was found to have been positively influenced by FDI in the short run in Zimbabwe. Zambian responsible authorities are encouraged to implement economic growth promotion policies if they intend to increase FDI into the country. The study also urges the Zimbabwe authorities to step up FDI improvement initiatives in order to increase economic growth. Journal: Int. J. of Business and Globalisation Pages: 172-187 Issue: 2 Volume: 22 Year: 2019 Keywords: property rights; FDI; growth; autoregressive distributive lag; ARDL; Zambia; Zimbabwe; Africa. File-URL: http://www.inderscience.com/link.php?id=98731 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:2:p:172-187 Template-Type: ReDIF-Article 1.0 Author-Name: Nisha Bharti Author-X-Name-First: Nisha Author-X-Name-Last: Bharti Title: Microenterprise development through organisational interventions: a comparative study of holistic and building human capital approach in India Abstract: Microenterprise is recognised as an important tool to achieve the objective of inclusive development. Various approaches have been used to promote microenterprises by the various government as well as non-government organisations. The holistic approach and building human capital approaches are two prominent approaches adopted to promote microenterprise. In addition to being the prominent approaches, these two approaches are contrasting in their features too. This study is an attempt to look at the effect of these approaches on the promotion of microenterprise. This study adopted case study method. Quantitative, as well as qualitative data was collected for the same. Two major organisations adopting this approach in the state of Maharashtra were selected. 90 respondents across two organisations were selected. The study has adopted a descriptive analysis method. Intra and inter-case analysis have been carried out. The findings suggested that holistic approach worked with very poor segment of the society whereas, building human capital approach is suitable for people in higher income group, who can afford to invest on their own. As holistic approach was providing all kind of support to their participants, they failed to increase the scale of the business. Because of lack of access to finance, start-up rate of microenterprise was less in building human capital approach. Journal: Int. J. of Business and Globalisation Pages: 154-171 Issue: 2 Volume: 22 Year: 2019 Keywords: case study; microenterprise; building human capital approach; holistic approach; microenterprise development. File-URL: http://www.inderscience.com/link.php?id=98732 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:2:p:154-171 Template-Type: ReDIF-Article 1.0 Author-Name: Kavitha Haldorai Author-X-Name-First: Kavitha Author-X-Name-Last: Haldorai Author-Name: Souji Gopalakrishna Pillai Author-X-Name-First: Souji Gopalakrishna Author-X-Name-Last: Pillai Author-Name: Arnold Tafadzwa Makawa Author-X-Name-First: Arnold Tafadzwa Author-X-Name-Last: Makawa Title: Factors influencing the choice of boundaryless careers - a PLS approach Abstract: A boundaryless career model can offer more advantages to the youth as they can interact, have teams or work with people from other organisations as compared to the traditional career. The boundaryless career model helps one to venture into international business despite, their gender. The youths being exposed to diverse culture, new experiences, skills, etc., the boundaryless career model can be regarded as the career of choice by the youth. This paper focuses on how the attitude of youth, gender, lack of experience and organisational mobility influences the boundaryless career. Data was collected from 200 students through a self-administered questionnaire. The results signify that the youths are bound to be inclined towards the boundaryless career based on their attitude. Younger people show higher physical career mobility due to lack of experience. Organisation mobility is related to boundaryless career. The moderating effect of gender did not have a significant impact. The main contribution of the study are that it aids human resources professionals to be aware of contemporary career theories, such as the boundaryless career theory so that they can encourage the future workforce to develop competencies needed to have successful careers. Journal: Int. J. of Business and Globalisation Pages: 188-205 Issue: 2 Volume: 22 Year: 2019 Keywords: boundaryless career; attitude; organisational mobility; lack of experience; gender; youths. File-URL: http://www.inderscience.com/link.php?id=98733 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:2:p:188-205 Template-Type: ReDIF-Article 1.0 Author-Name: Hamdan Amer Al-Jaifi Author-X-Name-First: Hamdan Amer Author-X-Name-Last: Al-Jaifi Author-Name: Ahmed Hussein Al-Rassas Author-X-Name-First: Ahmed Hussein Author-X-Name-Last: Al-Rassas Title: The financing decision puzzle of technology-based firms: evidence from Malaysia Abstract: The financing decision among technology-based firms has become a significant issue around the globe, with the core concern to be that such firms may encounter financing limitations that could bar their growth ability. Using 92 technology-based firms observations from 2009-2012 and employing ordinary least square (OLS) regression, this study finds that there is a significant and positive relationship between board of directors' effectiveness and capital structure, and there is an inverse significant relationship between information asymmetry and capital structure. This indicates that technology-based firms having a robust board of directors minimise agency conflicts by mandating that managers, use more debts to be consistent with the interest of the shareholders. This is consistent with the agency theory where the obligation of interest payments that stem from the debt use assists in resolving the free cash flow issue. Further, the inverse relationship with information asymmetry shows that technology-based firms go through financing limitations owing to the asymmetric information that prevent their growth and development ability. Journal: Int. J. of Business and Globalisation Pages: 225-239 Issue: 2 Volume: 22 Year: 2019 Keywords: technology-based firms; financing decision; information asymmetry; board of directors; Malaysia. File-URL: http://www.inderscience.com/link.php?id=98734 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:2:p:225-239 Template-Type: ReDIF-Article 1.0 Author-Name: Sio Hong Tih Author-X-Name-First: Sio Hong Author-X-Name-Last: Tih Author-Name: Wan Mohd Hirwani Wan Hussain Author-X-Name-First: Wan Mohd Hirwani Wan Author-X-Name-Last: Hussain Author-Name: Nik Mohd Hazrul Nik Hashim Author-X-Name-First: Nik Mohd Hazrul Nik Author-X-Name-Last: Hashim Title: Innovation and entrepreneurship bootcamp: a descriptive study assessing the effectiveness of entrepreneurship education Abstract: This study investigates the implementation of an interactive-intensive structured innovation and entrepreneurship bootcamp among MBA students. A descriptive study was carried out immediately after the students participated in the bootcamp. It involved 118 postgraduate students newly enrolled in their studies. The results show that most of the participants were highly engaged in the program and gained new skills from the bootcamp although conducted within a relatively short period. Specifically, from the qualitative feedback, they felt that the bootcamp enhances their entrepreneurial thinking, inspire them to be more creative, promotes dynamic teamwork, and boosts their confidence as entrepreneurial leaders. In addition, based on participants' self-assessment and with reference to T-test results, there were significant improvements on the level of general knowledge and skills among the participants before and after attending the bootcamp. This study contributes towards understanding entrepreneurship education in higher learning and provides useful information in designing an effective bootcamp that enhances graduates' entrepreneurial thinking and skills, as well as team spirit and self-confidence. Journal: Int. J. of Business and Globalisation Pages: 240-257 Issue: 2 Volume: 22 Year: 2019 Keywords: innovation; entrepreneurial thinking; interactive learning; MBA students. File-URL: http://www.inderscience.com/link.php?id=98735 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:2:p:240-257 Template-Type: ReDIF-Article 1.0 Author-Name: Sukhpreet Kaur Author-X-Name-First: Sukhpreet Author-X-Name-Last: Kaur Title: Importance and awareness of corporate social reporting practices in banks - an empirical analysis in Punjab Abstract: The study gives an insight about the importance and awareness among the people of Punjab regarding corporate social responsibility practices being undertaken by banks in India. Questionnaire is used to check the awareness level and factor analysis has been applied to study the importance of CSR practices in Punjab. People of Punjab are of the view that if banks would implement CSR, ultimately they will give this burden to their customers only who are dealing with them. Further, CSR performance of banks is not taken into consideration by people while choosing a particular bank for their financial operations. There is not much awareness about the CSR practices of banks in Punjab. Eradicating extreme hunger and poverty is the activity which most of the people (62.2%) think that it is being performed by banks while there is least awareness regarding the activities like reducing child mortality (24%) and combating human immunodeficiency virus (3% only). Eradicating extreme hunger and poverty and promotion of education are the most preferred CSR activities and contribution to funds for socio economic development and SCs and STs and minorities is the least preferred CSR activity. Journal: Int. J. of Business and Globalisation Pages: 206-224 Issue: 2 Volume: 22 Year: 2019 Keywords: corporate social responsibility; CSR; CSR practices; Companies Act 2013; CSR importance; customer awareness. File-URL: http://www.inderscience.com/link.php?id=98736 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:2:p:206-224 Template-Type: ReDIF-Article 1.0 Author-Name: Kanupriya Misra Bakhru Author-X-Name-First: Kanupriya Misra Author-X-Name-Last: Bakhru Title: Importance of intellectual capital in ranking of business school of India Abstract: Business school ranking are the mark of excellence of business schools, they are not only used by students but are also used by recruiters for placements. With mushrooming of many business schools in India halo attached to the management education has sharply faded. The surveys conducted by main agencies in India for business school ranking were reviewed from which key ingredients for business school ranking parameters were identified and categorised. The intellectual capital factor was found an important parameter. The paper describes the rationale and approach for assessing intellectual capital parameter of business school. The list of items considered for evaluation of intellectual capital parameter can be used by academic administrators while recruitment, training, performance appraisal and also as a mean for compensation of a business school teacher. This will not only improve the quality of teaching but will also make the business school achieve higher ranking and repute. Journal: Int. J. of Business and Globalisation Pages: 258-278 Issue: 2 Volume: 22 Year: 2019 Keywords: business school; ranking; intellectual capital; India; management teachers. File-URL: http://www.inderscience.com/link.php?id=98737 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:2:p:258-278 Template-Type: ReDIF-Article 1.0 Author-Name: Haider Mahmood Author-X-Name-First: Haider Author-X-Name-Last: Mahmood Title: Probing the menace of brain drain in Pakistan: does higher education matter? Abstract: This paper investigates the determinants of brain drain in Pakistan. Brain drain is a burning issue of today in Pakistan, as it augments the major depletion of human capital stock in the country. To explore the determinants of brain drain, we use three types of brains drain: highly qualified migrants, highly skilled migrants and skilled migrants. The empirical results exhibit that GDP per employed labour is reducing the all types of brain drain in the long run, whereas higher education, globalisation, GDP per capita volatility and inflation volatility are increasing brain drain. Further, political rights are increasing the high skilled migrants only. This study suggests the policy makers in the government of the country to take concrete steps like the absorption of skilled and qualified labour at appropriate places with competitive wages and political rights should be ensured to stop the brain drain from Pakistan. Journal: Int. J. of Business and Globalisation Pages: 279-294 Issue: 2 Volume: 22 Year: 2019 Keywords: brain drain; higher education; globalisation. File-URL: http://www.inderscience.com/link.php?id=98747 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:2:p:279-294 Template-Type: ReDIF-Article 1.0 Author-Name: Ben Q. Honyenuga Author-X-Name-First: Ben Q. Author-X-Name-Last: Honyenuga Author-Name: Ronald S.J. Tuninga Author-X-Name-First: Ronald S.J. Author-X-Name-Last: Tuninga Author-Name: Paul W.Th. Ghijsen Author-X-Name-First: Paul W.Th. Author-X-Name-Last: Ghijsen Title: Management innovation and organisational performance: the mediating role of high performance organisation framework Abstract: This study investigates the relationship between management innovation and organisational performance with the high performance organisation (HPO) factors of continuous improvement and renewal, workforce quality and long-term orientation as mediators. From a survey among 186 managers of the insurance industry in Ghana and with the use of PLS-SEM, the results show that management innovation appears to have a direct influence on organisational performance but when management innovation is combined with the HPO factors, it generates a synergy to increase organisations to become HPOs in an emerging market context. Journal: Int. J. of Business and Globalisation Pages: 295-315 Issue: 3 Volume: 22 Year: 2019 Keywords: high performance organisations; HPO framework; management innovation; organisational performance. File-URL: http://www.inderscience.com/link.php?id=99296 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:3:p:295-315 Template-Type: ReDIF-Article 1.0 Author-Name: Santosh Kumar Sharma Author-X-Name-First: Santosh Kumar Author-X-Name-Last: Sharma Title: Entrepreneurial intention of students: a case of NIT Hamirpur (HP, India) Abstract: The study examines the entrepreneurial intention of students pursuing various professional courses (BTech, MBA and BArch) from the National Institute of Technology Hamirpur (Himachal Pradesh, India) which is commonly abbreviated as NIT Hamirpur (HP). Drawing on Ajzen's theory of planned behaviour (TPB) the study has examined the underlying factor affecting entrepreneurial intention in the selected sample. By employing structured research process and statistical techniques the study divulges the fact that attitude towards entrepreneurship is a critical factor in explaining entrepreneurial intention of students. However, demographical variables like gender and caste are irrelevant in explaining entrepreneurial intention of students. The study concludes that there is lack of awareness among students of NIT Hamirpur regarding various schemes aimed to boost entrepreneurial environment in the country. Implications and further directions have also been discussed. Journal: Int. J. of Business and Globalisation Pages: 316-331 Issue: 3 Volume: 22 Year: 2019 Keywords: entrepreneurial intention; gender; caste; NIT Hamirpur; Himachal Pradesh; India. File-URL: http://www.inderscience.com/link.php?id=99297 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:3:p:316-331 Template-Type: ReDIF-Article 1.0 Author-Name: Raj Kumar Author-X-Name-First: Raj Author-X-Name-Last: Kumar Author-Name: Lee Yen Chaw Author-X-Name-First: Lee Yen Author-X-Name-Last: Chaw Author-Name: Choon Ling Kwek Author-X-Name-First: Choon Ling Author-X-Name-Last: Kwek Title: A conceptual model of organisational innovation in Malaysia Abstract: Since innovation is widely regarded as an imperative foundation for competitive advantage in today's vigorously changing environment, organisations need to put high consideration towards the adoption of innovation and consider organisational innovation as part and partial of their strategic plans and daily activities. Based on the literature review, a conceptual model with a set of proposed constructs such as human resource management, social capital and organisational learning mediated by entrepreneurial orientation is analysed. These constructs are adopted in this research to facilitate the adoption and achievement of organisational innovation among the small and medium enterprises (SMEs) in Malaysia. Therefore, the main objective behind this paper is to examine the relationships among the proposed constructs of human resource management, organisational learning, social capital and marketing effect of entrepreneurial orientation towards enhancing organisational innovation in the context of small and medium enterprises in Malaysia. Journal: Int. J. of Business and Globalisation Pages: 332-354 Issue: 3 Volume: 22 Year: 2019 Keywords: innovation; organisational innovation; organisational learning; human resource management; social capital; entrepreneurial orientation; Malaysia. File-URL: http://www.inderscience.com/link.php?id=99298 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:3:p:332-354 Template-Type: ReDIF-Article 1.0 Author-Name: Don H. Chamberlain Author-X-Name-First: Don H. Author-X-Name-Last: Chamberlain Author-Name: L. Murphy Smith Author-X-Name-First: L. Murphy Author-X-Name-Last: Smith Author-Name: Wayne Tervo Author-X-Name-First: Wayne Author-X-Name-Last: Tervo Title: Analysis of corporate pensions: do type and size of firm make a difference? Abstract: Adequate pensions are important to both individuals and the public interest. Pensions are important to all types of business, whether they are retailers, manufacturers, or service firms. Funding pensions has become a challenge for many companies of all types and sizes. Effectively managing employee compensation, including pensions, is a corporate social responsibility. Ethical guidelines for employee pay can be traced back to ancient times, such as precepts found in biblical passages. The current study seeks to expand understanding of pensions, specifically, to determine if differences are connected to firm type and firm size. Increased understanding may contribute to improved pension management by company managers and lead to more well-suited regulations by policy-makers. Results indicate that firm type is associated with differences in pension benefits paid relative to total assets and to total revenues. At the same time, there were no differences relative to firm size. Journal: Int. J. of Business and Globalisation Pages: 355-371 Issue: 3 Volume: 22 Year: 2019 Keywords: pensions; corporate accounting; public interest; corporate social responsibility; CSR. File-URL: http://www.inderscience.com/link.php?id=99299 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:3:p:355-371 Template-Type: ReDIF-Article 1.0 Author-Name: Amarjit Gill Author-X-Name-First: Amarjit Author-X-Name-Last: Gill Author-Name: Harvinder S. Mand Author-X-Name-First: Harvinder S. Author-X-Name-Last: Mand Author-Name: John D. Obradovich Author-X-Name-First: John D. Author-X-Name-Last: Obradovich Author-Name: Neil Mathur Author-X-Name-First: Neil Author-X-Name-Last: Mathur Title: The impact of working capital management on the decision of Indian production firms about the amount of dividends Abstract: This study examines the impact of working capital management on decisions concerning the extent of distribution of dividends. Results suggest that working capital management plays a role in decisions concerning dividend distribution in the Indian production firms. The findings of this study indicate that cash level has a strong impact on decisions concerning dividend distributions for Indian production firms holding higher cash balances compared with non-dividend paying Indian production firms. This study contributes to the literature on the factors that impact firms' decisions concerning the distribution of dividends. Journal: Int. J. of Business and Globalisation Pages: 372-388 Issue: 3 Volume: 22 Year: 2019 Keywords: working capital management; dividend payout; cash holding; Indian production firms. File-URL: http://www.inderscience.com/link.php?id=99300 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:3:p:372-388 Template-Type: ReDIF-Article 1.0 Author-Name: Claudia Nelly Berrones-Flemmig Author-X-Name-First: Claudia Nelly Author-X-Name-Last: Berrones-Flemmig Author-Name: Oliver Mauroner Author-X-Name-First: Oliver Author-X-Name-Last: Mauroner Title: Understanding social entrepreneurship in developing countries - a multiple case study from Mexico Abstract: Given the general typology of social entrepreneurs by Zahra et al. (2009) as well as the complementary typology by Sundaramurthy et al. (2013), the aim of this paper is to contribute to the discussion and the emerging debate on innovation and entrepreneurship in the context of developing countries by analysing patterns of social entrepreneurship in the case of Mexico. Particularly in developing countries, social problems are more likely to be solved from initiatives that come from the citizens themselves. The main motivation of this paper is to explore and understand social entrepreneurship in a developing country to foster them in the more suitable ways and therefore, to make a step forward to solve the social problems. In order to explore the research questions, a multiple case study approach is used, which considers not only the entrepreneur, but also the environment (Dana and Dana, 2005). Journal: Int. J. of Business and Globalisation Pages: 389-418 Issue: 3 Volume: 22 Year: 2019 Keywords: social entrepreneurship; social innovation; social value creation; emerging countries; developing countries; Mexico; patterns; bricolage; resource constraints; idealism; pragmatism. File-URL: http://www.inderscience.com/link.php?id=99301 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:3:p:389-418 Template-Type: ReDIF-Article 1.0 Author-Name: Sabyasachi Tripathi Author-X-Name-First: Sabyasachi Author-X-Name-Last: Tripathi Title: Does higher level of education reduce poverty and increase inequality? Evidence from Urban India Abstract: By considering India's 52 large urban agglomerations, this paper finds the relationship between higher level of education and poverty and inequality in urban India. Besides using city level education data from University Grants Commission (UGC), the study uses two rounds of National Sample Survey (NSS) unit-level data on 'consumption expenditure', and 'employment and unemployment' for the year 2011-2012. An empirical analysis using OLS regression method has shown that city level education, proxied by city-wise total number of PhD students enrolled in the universities, has a negative impact on city level poverty rate as seen by poverty head-count ratio, poverty gap ratio, and squared poverty gap ratio. On the other hand, city level education has a positive impact on city level inequality. City-wise work force participation rate has a negative effect on city poverty rate. The article suggests that we need appropriate city level policy to promote higher level education for reduction in city level inequality and poverty rate for sustainable urban development in India. Journal: Int. J. of Business and Globalisation Pages: 419-431 Issue: 3 Volume: 22 Year: 2019 Keywords: level of higher education; large agglomerations; poverty; inequality; Urban India. File-URL: http://www.inderscience.com/link.php?id=99302 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:3:p:419-431 Template-Type: ReDIF-Article 1.0 Author-Name: Svan Lembke Author-X-Name-First: Svan Author-X-Name-Last: Lembke Author-Name: Lee Cartier Author-X-Name-First: Lee Author-X-Name-Last: Cartier Title: Producing good wine just is not enough: the role of management in building a competitive industry cluster Abstract: The wine industry is a central part of the agricultural products cluster in British Columbia. Findings from a range of applied research projects indicate that the cluster may have hit a glass ceiling in terms of its development. A better understanding of cluster dynamics and management processes is needed to assist the cluster grow to beyond its initial wave of success, build more refined decision-making processes and competitive advantage. This takes the research findings and present literature beyond the descriptive style of economic analysis and introduces causality as well as concepts from business strategy to the institutional and the business layers within the cluster. The purpose is to deliver a new direction for rural clusters that are defined by a multitude of small and mid-size firms acting without the influence of large mature multinational corporations and having outgrown the first generation of entrepreneurial cluster leaders. Journal: Int. J. of Business and Globalisation Pages: 432-458 Issue: 3 Volume: 22 Year: 2019 Keywords: industry cluster dynamics; wine industry; management processes; comparative advantage; competitive advantage; decision-making; rural cluster development; entrepreneurial leadership; demand conditions; rival firms; related industries; factor conditions. File-URL: http://www.inderscience.com/link.php?id=99306 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:3:p:432-458 Template-Type: ReDIF-Article 1.0 Author-Name: Sofia Amaral Author-X-Name-First: Sofia Author-X-Name-Last: Amaral Author-Name: Marta Simões Author-X-Name-First: Marta Author-X-Name-Last: Simões Title: Education expenditures and human capital: can austerity compromise growth in Portugal? Abstract: We estimate a trivariate VAR model with public expenditures on education, schooling levels and output and perform cointegration, causality and impulse response analysis for the period 1975-2008 to investigate whether the recent expansion of the Portuguese public education system fostered higher output levels highlighting human capital accumulation as the mechanism that connects the two variables. The data used in this study was retrieved from http://www.pordata.pt and the necessary calculations were done using the econometric package GRETL. The results indicate that a change in public expenditures on education has a positive effect on output in Portugal, supporting in this way education spending as an expansionary fiscal policy instrument that can alleviate the downturn in output in the short-term. The long-term role of education spending is however less clear since we were not able to find a long-run equilibrium relationship between our variables. Journal: Int. J. of Business and Globalisation Pages: 696-715 Issue: 4 Volume: 22 Year: 2019 Keywords: public expenditures on education; human capital; schooling; economic growth; cointegration; causality; impulse response; VAR; Portugal. File-URL: http://www.inderscience.com/link.php?id=100248 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:4:p:696-715 Template-Type: ReDIF-Article 1.0 Author-Name: Jeffrey B. Miller Author-X-Name-First: Jeffrey B. Author-X-Name-Last: Miller Title: Higher education: should other countries follow the US model? Abstract: If countries want to be competitive in the world economy, higher education is becoming increasingly important. There are a wide variety of ways to organise systems of higher education, but <i>The Economist</i> (April, 2015) divides these into two general categories: the US system and the European system. <i>The Economist</i> sees the US system spreading to other countries. In this paper, we provide a description of the US system of higher education. The US system has important strengths and weaknesses. Because the US system is so dependent on competitive pressures, it is not appropriate for small countries unless the country opens its higher education system to global competition. Journal: Int. J. of Business and Globalisation Pages: 681-695 Issue: 4 Volume: 22 Year: 2019 Keywords: higher education; national systems of higher education; US system of higher education; decentralised higher education system. File-URL: http://www.inderscience.com/link.php?id=100249 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:4:p:681-695 Template-Type: ReDIF-Article 1.0 Author-Name: Alexander Katkov Author-X-Name-First: Alexander Author-X-Name-Last: Katkov Title: Comparative analysis of economic systems' goals: ranking approach Abstract: Each economic system has the same mission and the same list of major economic goals but every economic system has its own order of prioritisation of these goals. In this article the author first will select the list of four main economic goals common to every economic system. Then, after a brief analysis of three main economic systems - pure market, pure command, and mixed economies - I will establish a theoretically defined goals ranking order for pure market and pure command economies. Finally, I will compare an empirically evaluated ranking order of economic goals for a few selected countries with the theoretically defined ranking order. The interpretation of calculated coefficients of correlations could be used for further comparative analysis of economic policies of different countries. Journal: Int. J. of Business and Globalisation Pages: 584-594 Issue: 4 Volume: 22 Year: 2019 Keywords: economic systems; comparative analysis; government regulation; ranking correlation. File-URL: http://www.inderscience.com/link.php?id=100250 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:4:p:584-594 Template-Type: ReDIF-Article 1.0 Author-Name: William A. Barnett Author-X-Name-First: William A. Author-X-Name-Last: Barnett Author-Name: Liting Su Author-X-Name-First: Liting Author-X-Name-Last: Su Title: Monetary aggregation theory and nominal GDP targeting Abstract: We investigate bivariate time series properties of Divisia money and nominal GDP to investigate the viability of recent proposals advocating a role for a Divisia monetary aggregate in nominal GDP targeting. There are two particularly relevant proposals: 1) the proposal by Barnett, Chauvet and Leiva-Leon (2015) to use a Divisia monetary aggregate as an indicator in the monthly Nowcasting of nominal GDP, as needed in implementation of any nominal GDP targeting policy; 2) the proposal by Belongia and Ireland (2015) to use a Divisia monetary aggregate as an intermediate target, with nominal GDP being the final target of policy. We run well known diagnostic tests of bivariate time series properties of the Divisia M2 and nominal GDP stochastic processes. Those tests are for properties that are necessary, but not sufficient, for the conclusions of Belongia and Ireland (2014) and Barnett et al. (2015). We find no time series properties that would contradict those implied by either of those two approaches. Journal: Int. J. of Business and Globalisation Pages: 490-505 Issue: 4 Volume: 22 Year: 2019 Keywords: money; aggregation theory; index number theory; Divisia index; Divisia monetary aggregates; nominal GDP targeting. File-URL: http://www.inderscience.com/link.php?id=100251 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:4:p:490-505 Template-Type: ReDIF-Article 1.0 Author-Name: Darko Lazarov Author-X-Name-First: Darko Author-X-Name-Last: Lazarov Author-Name: Goce Petreski Author-X-Name-First: Goce Author-X-Name-Last: Petreski Title: The role of innovations in fostering economic growth: an empirical analysis for selected CEE countries Abstract: The main aim of the paper is to investigate whether the innovation performance is a driving force to economic growth in selected CEE countries. To fulfil this goal, we use dynamic panel regression approach (system GMM), for the period 2002-2014. The innovation performance is derivate from several indicators (general expenditure on R%D, number of patents, journal articles and scientific publications, as well as royalty payments) by using principle component factor analysis. The estimated results suggest that innovation performance has positive and significant influence on economic growth, indicating that those countries with more efficient innovation system have experienced higher economic growth. Moreover, the paper found the higher magnitude in the impact of innovation performance on economic growth in new EU member state economies, compare to less developed non-EU countries. This indicates that innovations become more important growth determent how the countries are catching-up to developed countries. Journal: Int. J. of Business and Globalisation Pages: 716-728 Issue: 4 Volume: 22 Year: 2019 Keywords: economic growth; innovation capacity; GMM method; CEE countries. File-URL: http://www.inderscience.com/link.php?id=100252 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:4:p:716-728 Template-Type: ReDIF-Article 1.0 Author-Name: Pilar Portillo-Tarragona Author-X-Name-First: Pilar Author-X-Name-Last: Portillo-Tarragona Author-Name: Sabina Scarpellini Author-X-Name-First: Sabina Author-X-Name-Last: Scarpellini Author-Name: Luz María Marín-Vinuesa Author-X-Name-First: Luz María Author-X-Name-Last: Marín-Vinuesa Title: Drivers for eco-innovation in firms: an exploratory study in Spain Abstract: The authors study the determinants of the behaviour of protection of the innovations through green patents, as an approximation of eco-innovative profile in firms. To this end, a large sample of firms from three regions in Spain is analysed through a binomial logit model. The authors find that age, size and financial performance significantly affect the choice of having green patents as eco-innovative conduct in firms. They also find that the sector of activity and the legal structure of firms are related with the choice of having, or not having, green patents to protect the innovations. Implications are explored for policy makers promoting the green patents registration and for practitioners introducing environmental improvement in the innovation processes. Journal: Int. J. of Business and Globalisation Pages: 618-637 Issue: 4 Volume: 22 Year: 2019 Keywords: eco-innovation; green patents; economic-financial characteristics; binomial logit model; corporate finance; Spain. File-URL: http://www.inderscience.com/link.php?id=100253 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:4:p:618-637 Template-Type: ReDIF-Article 1.0 Author-Name: Nurlan Orazalin Author-X-Name-First: Nurlan Author-X-Name-Last: Orazalin Title: Working capital management and firm profitability: evidence from emerging markets Abstract: The purpose of this study is to provide empirical evidence on the relationship between working capital management (WCM) and the profitability of top manufacturing firms in two main emerging markets in the Commonwealth Independent States (CIS) region. The study employs panel data methodology using data of top manufacturing firms operating in Kazakhstan and Russia over the period 2010-2014. The empirical results show that Kazakh firms, following more aggressive strategies of working capital, exhibit higher profitability than Russian firms. The study also established a linear relationship between profitability and working capital, which indicates the absence of an optimal working capital level that could maximise the profitability of Kazakh and Russian firms. The findings indicate that managers can maximise shareholder value by following more aggressive practises of WCM in transition economies similar to Kazakhstan and Russia. Journal: Int. J. of Business and Globalisation Pages: 524-540 Issue: 4 Volume: 22 Year: 2019 Keywords: working capital management; WCM; profitability; emerging markets; Kazakhstan; Russia. File-URL: http://www.inderscience.com/link.php?id=100254 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:4:p:524-540 Template-Type: ReDIF-Article 1.0 Author-Name: Abdelhafid Otmani Author-X-Name-First: Abdelhafid Author-X-Name-Last: Otmani Author-Name: Riad Abadli Author-X-Name-First: Riad Author-X-Name-Last: Abadli Title: Contagion channels of the financial crisis towards Maghreb countries Abstract: Financial crises tend to spread, like epidemics. In this paper, we try to identify the main transmission channels of the 'subprimes' global financial crisis towards Maghreb countries in order to better apprehend the impact of this crisis and its propagation, as well as the vulnerability of each country and the affected areas. In this article we will approach and retain the main transmission channels, the interdependence commercial and financial channel spill-over effect (Masson, 1998), then the similarity effects channel (Ahluwalia, 2000). We will also pass through the monsoonal effect (Masson, 1998). And finally the common joint creditor channel. As a result, the analysis of the three Maghreb countries (Algeria, Morocco, Tunisia) shows us that the financial and economic crisis, originating from the USA, has taken various transmission channels in one way or another in the spread of this crisis to reach those countries that were not spared. Journal: Int. J. of Business and Globalisation Pages: 506-523 Issue: 4 Volume: 22 Year: 2019 Keywords: transmission channels; financial globalisation; contagion; Maghreb. File-URL: http://www.inderscience.com/link.php?id=100255 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:4:p:506-523 Template-Type: ReDIF-Article 1.0 Author-Name: Felicetta Iovino Author-X-Name-First: Felicetta Author-X-Name-Last: Iovino Author-Name: Guido Migliaccio Author-X-Name-First: Guido Author-X-Name-Last: Migliaccio Title: Financial dynamics of energy companies during global economic crisis Abstract: This paper aims to analyse financial structure of energy companies, in the period during the crisis in relation to two discriminating factors. At this end, the research questions are: what is the actual situation and what the trend has been in the last eight years in the various Italian geographic areas and business markets; if there are differences between business markets and geographic area and if these differences are statistically significant. The trend analysis and analysis of variance (ANOVA) have been used starting from secondary data on AIDA database (at the end 428 energy suppliers). The financial structure is assessed using two ratios: the financial leverage ratio and quick ratio. The findings show that the financial structure of energy suppliers have not been substantially affected by the crisis in any geographic area and business market. Moreover, these two factors produce statistically significant differences in the financial structure of energy companies. Journal: Int. J. of Business and Globalisation Pages: 541-554 Issue: 4 Volume: 22 Year: 2019 Keywords: energy companies; global crisis; finance; financial leverage ratio; quick ratio; competition; liberalisation. File-URL: http://www.inderscience.com/link.php?id=100256 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:4:p:541-554 Template-Type: ReDIF-Article 1.0 Author-Name: Magdalena Ziolo Author-X-Name-First: Magdalena Author-X-Name-Last: Ziolo Author-Name: Maroua Ben Ghoul Author-X-Name-First: Maroua Ben Author-X-Name-Last: Ghoul Title: The role of the government in enhancing sustainable entrepreneurships Abstract: The goal of this paper is to point out the role of government in fostering the framework for sustainable entrepreneurship, with special emphasis on the public policy instruments supporting this scope and provide evidence that the size of government matters in creating the space for entrepreneurships' sustainable development and growth. The paper argues the main hypothesis that the size of a government is a stimulant for entrepreneurships' sustainable development and growth. The government's size is proportionate to the development and growth of entrepreneurships. This paper is built on the analysis and synthesis of scientific literature to describe the phenomenon of government role in enhancing entrepreneurships' sustainable development and growth. The research sample is composed of OECD countries in the period of 2007-2015. The empirical part based on the estimation of VAR model to see if the bigger government ensure sustainability and stimulate entrepreneurship or not. Journal: Int. J. of Business and Globalisation Pages: 595-617 Issue: 4 Volume: 22 Year: 2019 Keywords: government; entrepreneurship; state policy; sustainability. File-URL: http://www.inderscience.com/link.php?id=100257 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:4:p:595-617 Template-Type: ReDIF-Article 1.0 Author-Name: Floriana Fusco Author-X-Name-First: Floriana Author-X-Name-Last: Fusco Author-Name: Guido Migliaccio Author-X-Name-First: Guido Author-X-Name-Last: Migliaccio Title: Cooperatives and crisis: economic dynamics in Italian context Abstract: This paper focuses on the situation in Italy with specific reference to cooperatives. It aims to analyse their economic situation - represented by two profitability ratios (ROI, ROE) - during the decade 2004-2013. It aims to tests the impact of crisis, geographical area and belonging business sector. Starting from secondary data on AIDA database (at the end 1,446 cooperatives), the trend analysis and analysis of variance (ANOVA) have been used. The findings show, first of all, that the profitability of cooperatives strongly affected by crisis. Secondly, only the business sector affects the level of profitability. The analysis is interesting because the income has a special meaning in cooperatives: it should, in fact, be added to benefiting members that are accounted for as 'peculiar' management costs. Journal: Int. J. of Business and Globalisation Pages: 638-654 Issue: 4 Volume: 22 Year: 2019 Keywords: cooperatives; crisis; return on equity; ROE; return on investment; ROI; profitability; ANOVA; Italy; globalisation; business; context; economic dynamics. File-URL: http://www.inderscience.com/link.php?id=100258 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:4:p:638-654 Template-Type: ReDIF-Article 1.0 Author-Name: Igor N. Dubina Author-X-Name-First: Igor N. Author-X-Name-Last: Dubina Author-Name: Gagik M. Mkrtchyan Author-X-Name-First: Gagik M. Author-X-Name-Last: Mkrtchyan Author-Name: Tatiana V. Ostaschenko Author-X-Name-First: Tatiana V. Author-X-Name-Last: Ostaschenko Author-Name: Daniyar T. Baitenizov Author-X-Name-First: Daniyar T. Author-X-Name-Last: Baitenizov Title: On the assessment of regional intellectual and innovation activities based on measurement theory methods and panel data regression analysis Abstract: This paper presents the authors' approach to the assessment and analysis of regional intellectual and innovation activities with such main components as intellectual and innovation potential, climate and capital. The validity and reliability of the developed indexes were tested on the basis of a set of economic and statistical data characterising the development of 12 Russian regions for 15 years with methods of factor analysis, correlation and regression analysis and measurement theory. This research demonstrates a stable and statistically significant relationship between economic development of the regions and their intellectual and innovation activities. The panel data regression analysis of the aggregated indexes and the indicators of regional economic development proved the authors' hypothesis of the mutual influence of regional innovation and economic development with a deferred (time lag) effect. Journal: Int. J. of Business and Globalisation Pages: 655-680 Issue: 4 Volume: 22 Year: 2019 Keywords: regional intellectual and innovation activities; regional innovation system; regional intellectual and innovation capital; regional intellectual and innovation potential; regional intellectual and innovation climate; measurement theory; panel data; regression analysis; internal consistency; time lag effect. File-URL: http://www.inderscience.com/link.php?id=100259 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:4:p:655-680 Template-Type: ReDIF-Article 1.0 Author-Name: Borce Trenovski Author-X-Name-First: Borce Author-X-Name-Last: Trenovski Author-Name: Biljana Tashevska Author-X-Name-First: Biljana Author-X-Name-Last: Tashevska Title: Lessons learned from the global recession - redesigned framework of key macroeconomic policies Abstract: This research provides a critical analysis of the available relevant theoretical and empirical literature regarding the key lessons about fiscal and monetary policy during the latest global crisis. The main contribution of this paper lies in offering a new redesigned framework for the key macroeconomic policies which can serve as a general guide to policymakers for designing these policies to respond to future financial and economic crises. Our critical analysis points out 14 lessons for monetary policy which the monetary authorities should take into account in the process of designing their future policies. The analysis also includes 14 lessons as a guide for governments to design their fiscal policy during future global imbalances, addressing the efficiency of fiscal policies during large-scale economic crises, the role and significance of fiscal space, the effectiveness of austerity programs, the coordination of fiscal policies on a global level, the coordination and mutual interactions with monetary policy, etc. Journal: Int. J. of Business and Globalisation Pages: 468-489 Issue: 4 Volume: 22 Year: 2019 Keywords: global recession; fiscal policy; monetary policy; redesigned macroeconomic policy framework; policy coordination; financial stability; fiscal space; economic theory; economic cycles; speculative booms; tax regulation; Keynesianism; financial regulation; macroprudential interventions. File-URL: http://www.inderscience.com/link.php?id=100260 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:4:p:468-489 Template-Type: ReDIF-Article 1.0 Author-Name: Dimitrios Paparas Author-X-Name-First: Dimitrios Author-X-Name-Last: Paparas Author-Name: Christian Richter Author-X-Name-First: Christian Author-X-Name-Last: Richter Title: A synthesis of empirical research on the validity of Wagner's law Abstract: In this paper we provide a synthesis of empirical research in the validity of Wagner's law of the existing literature for the period 1969-2014. Wagner's law attracted the interest of many authors and is still being discussed by policy makers and economists in relation to government spending expansion since it was applied by Adolph Wagner in the 1880s. Additionally, we will present the previous empirical work in this topic. Since the translation of Wagner's 'law' in 1950s, a large number of authors tested various specifications of the law. All these studies found different empirical results: support, no support or mixed results. Conflicting findings in this field are not surprising because of the diverse theoretical predictions and also because countries may be at different stages of economic development; thus, the debate about the relationship between government spending and economic growth remains an unresolved issue. Journal: Int. J. of Business and Globalisation Pages: 555-583 Issue: 4 Volume: 22 Year: 2019 Keywords: Wagner's law; causality tests; Greece; long run time series analysis. File-URL: http://www.inderscience.com/link.php?id=100261 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:22:y:2019:i:4:p:555-583 Template-Type: ReDIF-Article 1.0 Author-Name: Normaz Wana Ismail Author-X-Name-First: Normaz Wana Author-X-Name-Last: Ismail Author-Name: Noor Haslina Mohamad Akhir Author-X-Name-First: Noor Haslina Mohamad Author-X-Name-Last: Akhir Author-Name: Shivee Ranjanee Kaliappan Author-X-Name-First: Shivee Ranjanee Author-X-Name-Last: Kaliappan Author-Name: Rusmawati Said Author-X-Name-First: Rusmawati Author-X-Name-Last: Said Title: The impact of innovation on firm performance in the Malaysian batik industry Abstract: This paper aims to explore the extent of innovation in the Malaysian batik industry and to analyse the impact of innovation on the batik firm's performance. The evolution in the batik industry has brought various innovations to the batik making process, batik products, as well as the marketing and organisational methods. However, some of the batik entrepreneurs maintain the traditional approaches and managed manually. Using face-to-face interview surveys in Kelantan and Terengganu, we found that batik entrepreneurs in the sample have taken some initiatives to undertake innovations, especially in the marketing and batik making process. Results from empirical analysis revealed that only product innovation has a significant impact on batik firm's performance. This study offer a new finding for the idea of incorporate all four types of Schumpeterian innovations to analyse its impact on firm performance in batik industry. Journal: Int. J. of Business and Globalisation Pages: 1-25 Issue: 1 Volume: 23 Year: 2019 Keywords: batik industry; innovation; Malaysian batik; firm performance. File-URL: http://www.inderscience.com/link.php?id=100784 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:23:y:2019:i:1:p:1-25 Template-Type: ReDIF-Article 1.0 Author-Name: Bernardo Castellões Author-X-Name-First: Bernardo Author-X-Name-Last: Castellões Author-Name: Luís Antônio Dib Author-X-Name-First: Luís Antônio Author-X-Name-Last: Dib Title: Bridging the gap between internationalisation theories and de-internationalisation: a review and research framework Abstract: Despite its importance on the overall strategy of firms, de-internationalisation has not received the attention it deserves. This article offers a research framework of how de-internationalisation is addressed within the most prominent internationalisation theories. We begin with an overview of the literature on de-internationalisation and its main definitions. Additionally, a typology of partial/full and defensive/offensive de-internationalisation is proposed. To bridge the gap between internationalisation and de-internationalisation, such typology is used to explain how the eclectic paradigm, the Uppsala model, the network theory and the international entrepreneurship theory address de-internationalisation. Opportunities for future research and managerial and political implications are also discussed. Journal: Int. J. of Business and Globalisation Pages: 26-46 Issue: 1 Volume: 23 Year: 2019 Keywords: globalisation; foreign direct investment; FDI; multinationals; market exit; de-internationalisation; foreign divestment; market withdrawal; SMEs internationalisation. File-URL: http://www.inderscience.com/link.php?id=100785 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:23:y:2019:i:1:p:26-46 Template-Type: ReDIF-Article 1.0 Author-Name: Pawan Kumar Author-X-Name-First: Pawan Author-X-Name-Last: Kumar Author-Name: Rakhi Bajaj Author-X-Name-First: Rakhi Author-X-Name-Last: Bajaj Title: Exploring the influence of demographic factors on perceived performance risk among youth towards online shopping in Punjab Abstract: The tremendous growth of internet has accounted for accelerated growth in e tailoring. Online shopping irrespective of its growth marked for small percentage of sale due to perceived risk. The study is designed to examine key components of perceived risk of online shopping among youth of high educational institutes of Punjab. The population consisted of online shoppers of universities of four cities Ludhiana, Jalandhar, Patiala and Amritsar of Punjab. Respondents were selected from different genders, age groups, monthly family income groups and qualifications from these major cities having online shopping experience. A pre structured questionnaire with five point likert rating scale was used to measure these dimensions of perceived risk among online buyers of four cities. Convenience sampling method was used to collect data from sampled respondents. Principal component analysis revealed four key factors of perceived risk in online buying. Performance risk was found as prime component of perceived risk. Influence of demographic factors on perceived performance risk was studied with the help of F ratio showing their relative significance. Journal: Int. J. of Business and Globalisation Pages: 47-68 Issue: 1 Volume: 23 Year: 2019 Keywords: internet; online buyer; perceived risk; dimensions; financial risk; performance risk; time risk; privacy risk; social risk; psychological risk; components. File-URL: http://www.inderscience.com/link.php?id=100786 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:23:y:2019:i:1:p:47-68 Template-Type: ReDIF-Article 1.0 Author-Name: Kim Anne Menezes Author-X-Name-First: Kim Anne Author-X-Name-Last: Menezes Author-Name: Suku Bhaskaran Author-X-Name-First: Suku Author-X-Name-Last: Bhaskaran Author-Name: Itika Yadav Author-X-Name-First: Itika Author-X-Name-Last: Yadav Title: Persuadability of celebrity brand endorsements: socio-economic and cultural perspective Abstract: The article reviews celebrity endorser traits that influence brand beliefs and attitudes of upwardly mobile young and educated customers in urban India. The study draws information from intercept and electronic surveys, in-depth unstructured interviews of a subset of individuals not captured in the surveys and content analyses of information transcribed from television advertisements. Findings from these three sources were reviewed, analysed and triangulated. Results reveal that customers in India, unlike those in developed countries where extant studies have predominantly been conducted, have greater proclivity to 'source attractiveness' and 'source likeability'. In contrast to customers in developed countries, 'source credibility' is not important to customers in India. Celebrity endorsements are not highly persuasive in fostering brand beliefs and attitudes but it fosters brand recognition and brand recall. Celebrity traits that are important to target customers and the persuadability of celebrity endorsements are significantly different across market segments and countries. Journal: Int. J. of Business and Globalisation Pages: 69-87 Issue: 1 Volume: 23 Year: 2019 Keywords: celebrity endorsement; source attractiveness; source likeability; source credibility; persuadability; belief transferance; culture; India. File-URL: http://www.inderscience.com/link.php?id=100787 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:23:y:2019:i:1:p:69-87 Template-Type: ReDIF-Article 1.0 Author-Name: Neena R. Jain Author-X-Name-First: Neena R. Author-X-Name-Last: Jain Author-Name: Irfan A. Rizvi Author-X-Name-First: Irfan A. Author-X-Name-Last: Rizvi Title: Corporate citizenship and leadership styles for sustainable development: study in India Abstract: Corporations are recognising that building economic growth along with addressing a range of social and ethical needs is imperative to promote sustainable development and all-round prosperity of the business. With the statutory mandate on social spending in India, corporate need to move beyond the fragmented contributions to focusing on inculcating values of global citizenship. CC is acquiring a central role, one which urges corporate to take a holistic approach to managing their economic, legal, ethical and discretionary responsibilities towards different stakeholders, in order to make a sustainable impact. However, such strategies are largely top driven and there is an inadequate focus on the role that leaders have and their styles that influence percolation and implementation of these decisions at various levels. This study is directed towards understanding the impact of leadership styles on CC - an interaction which will lead to sustainable consequences. The paper presents future agenda for understanding the relationship between these critical phenomena based on certain propositions. This study in the Indian context could have relevance to the emerging market economies, especially the South Asian economies. Journal: Int. J. of Business and Globalisation Pages: 88-103 Issue: 1 Volume: 23 Year: 2019 Keywords: corporate citizenship; CC; stakeholder management; corporate social responsibility; transformational leadership; transactional leadership; India. File-URL: http://www.inderscience.com/link.php?id=100788 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:23:y:2019:i:1:p:88-103 Template-Type: ReDIF-Article 1.0 Author-Name: Raman Preet Singh Author-X-Name-First: Raman Preet Author-X-Name-Last: Singh Author-Name: Nawal Kishor Author-X-Name-First: Nawal Author-X-Name-Last: Kishor Title: Relationship among gold price, exchange rate and current account deficit - a study in Indian context Abstract: This study attempts to investigate the causal relationship between gold price, exchange rate and current account deficit (CAD) on the basis of time series data for 14 years from 2002 to 2016. In recent days gold has attracted the attention of economists, researchers, policy-makers and common man. There is a general view that recent current account deficit (CAD) is attributed to mainly gold import only as crude oil price has fallen considerably. It is with this backdrop, this article tries to unveil any dynamic, if exist, between gold price and CAD applying augmented Dickey-Fuller (ADF) test and Phillips-Perron (PP) Test which are used to test the stationarity of time series data and block exogeneity Wald Test to establish the causality relationship among them. On the basis of quarterly observation for the aforesaid period, it has been found that these three variables are stationary of order one and the study further found the existence of bi-directional Granger causality between gold price and CAD, which is running from gold price to CAD and vice-versa. The findings of the study have significant implication for India's economic policy and facilitate the Government to make strategies to reduce the CAD. Journal: Int. J. of Business and Globalisation Pages: 104-119 Issue: 1 Volume: 23 Year: 2019 Keywords: gold price; causality; current account deficit; CAD; unit root test. File-URL: http://www.inderscience.com/link.php?id=100789 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:23:y:2019:i:1:p:104-119 Template-Type: ReDIF-Article 1.0 Author-Name: Jacob Taarup-Esbensen Author-X-Name-First: Jacob Author-X-Name-Last: Taarup-Esbensen Author-Name: Suren Movsisyan Author-X-Name-First: Suren Author-X-Name-Last: Movsisyan Title: Community risk management by mining MNEs: managing local communities in Armenian mining Abstract: Using field work from the Armenian mining sector, we explore how MNEs practice community risk management. We start by conceptualising communities as communities of place (CofP), directly impacted by mining activities but have few resources, and communities of interest (CofI), as outsiders with an interest in mining projects and the resources to create uncertainty about the mine. We argue that community risk is a precursor to financial, political and cultural risks and that both CofP and CofI can expose the mining MNE to risks, either individually or in unison. We find that mining MNEs focus on mitigating community risks in the initial phases of the mine project, when the impact on the CofP is perceived to be lowest. Our interpretation is that the objective of the risk management practice is to commit resources to CofP for as long as there is a possibility that they will form partnerships with CofI. Journal: Int. J. of Business and Globalisation Pages: 120-138 Issue: 1 Volume: 23 Year: 2019 Keywords: community risk; mining MNE; risk management; Armenia; liability of outsidership; communities of place; CofP; communities of interest; CofI. File-URL: http://www.inderscience.com/link.php?id=100790 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:23:y:2019:i:1:p:120-138 Template-Type: ReDIF-Article 1.0 Author-Name: Warren Lloyd Author-X-Name-First: Warren Author-X-Name-Last: Lloyd Title: Entrepreneurial motivation: the impact of cultural capital on the 'who' is motivated Abstract: Almost all definitions propose entrepreneurs as especially motivated and talented individuals. Therefore, understanding and explaining the psychological forces within the individual that motivates them is highly desired. This paper is intended to investigate studies on entrepreneurial motivation to identify an effective theory that enables recognising 'who' could potentially become an entrepreneur, rather than 'how' and 'why' individuals choose to become entrepreneurs. Of the theories discussed, McClelland's achievement need (n-ach) is accepted as the most apt in this review. It is further noted in this paper that in defining and explaining this need, and its influence on entrepreneurship, an understanding of the impact of an individual's culture, beliefs and attitudes, encompassed in their cultural capital, is required. Primarily by evaluation of literature in this report, strong evidence indicates and supports the distinctive impact of culture on entrepreneurial motivation. In conclusion, a framework is proposed for further study investigating the impact of cultural capital on n-ach in home and immigrant entrepreneur cultural groups. Journal: Int. J. of Business and Globalisation Pages: 139-152 Issue: 1 Volume: 23 Year: 2019 Keywords: entrepreneurial motivation; McClelland achievement need theory; opportunity and necessity entrepreneurship; entrepreneurial intent; cultural capital; cultural groups; immigrant entrepreneurship. File-URL: http://www.inderscience.com/link.php?id=100791 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:23:y:2019:i:1:p:139-152 Template-Type: ReDIF-Article 1.0 Author-Name: Meron Medzini Author-X-Name-First: Meron Author-X-Name-Last: Medzini Title: The sixth wave - Israeli communities in East and South East Asia Abstract: Migration of people, either as individuals or as a group, has often defined the history of the Jewish people. From their early history in the Land of Israel, Jews have migrated to various places, occasionally by their own will, more often pushed by others or forced to flee persecution and extermination. Since the middle of the 19th century, there have been five waves of Jewish emigrants to East and South East Asia. This paper deals with the sixth and current wave of Israelis who have settled in that part of the world in the past 25 years, what led them there, who are they, what do they engage in, what are their ties with the host communities and how do they see their future. Journal: Int. J. of Business and Globalisation Pages: 153-165 Issue: 1 Volume: 23 Year: 2019 Keywords: Israel; Jews; migration; Yerida; China; Japan; Vietnam; Korea; Singapore; Taiwan; Chabad. File-URL: http://www.inderscience.com/link.php?id=100840 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:23:y:2019:i:1:p:153-165 Template-Type: ReDIF-Article 1.0 Author-Name: Yuanita Handayati Author-X-Name-First: Yuanita Author-X-Name-Last: Handayati Author-Name: Togar M. Simatupang Author-X-Name-First: Togar M. Author-X-Name-Last: Simatupang Author-Name: Tomy Perdana Author-X-Name-First: Tomy Author-X-Name-Last: Perdana Author-Name: Manahan Siallagan Author-X-Name-First: Manahan Author-X-Name-Last: Siallagan Title: Pricing negotiation in contract farming Abstract: An agricultural pricing mechanism achieved through a process of negotiation is superior to cost-based or auction-based pricing in achieving goal congruence and evaluating subunit performance. This paper illustrates the negotiation process in defining agricultural prices by considering the emotions of negotiators. The emotions of both buyer and seller are captured to illustrate the impact on the duration, agreed price and result of negotiations. The simulation shows that when both buyer and seller experience heightened emotions, the shortest negotiations are achieved. On the other hand, the most protracted negotiations, which usually culminate in failure, result when both buyer and seller exhibit anger. Moreover, different combinations of emotions on the part of the buyer and seller suggest that stable emotions will produce a mutually acceptable price. Agent-based modelling was used as the methodology to simulate the price negotiation process. Journal: Int. J. of Business and Globalisation Pages: 174-192 Issue: 2 Volume: 23 Year: 2019 Keywords: price negotiation; contract farming; emotions; agent-based modelling. File-URL: http://www.inderscience.com/link.php?id=102460 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:23:y:2019:i:2:p:174-192 Template-Type: ReDIF-Article 1.0 Author-Name: Gandhi Pawitan Author-X-Name-First: Gandhi Author-X-Name-Last: Pawitan Author-Name: Maria Widyarini Author-X-Name-First: Maria Author-X-Name-Last: Widyarini Author-Name: Catharina B. Nawangpalupi Author-X-Name-First: Catharina B. Author-X-Name-Last: Nawangpalupi Title: The entrepreneurial ecosystem to foster competitiveness among enterprises: a national level analysis Abstract: The launching of the ASEAN Economic Community (AEC) in 2015 opened a regional market of 600 million people. The formation of AEC facilitates the opportunities for entrepreneurs to offer goods and services in the market. This naturally raises challenges for businesses and governments, also tighter competition. This paper aims, first to investigate the relationship between entrepreneurship ecosystems and national competitiveness, in the presence of entrepreneurship activities. Second, it aims to identify the most important pillars of the entrepreneurial ecosystem in fostering competitiveness. The national level data is used from the Global Entrepreneurship Monitor consortium and the World Economic Forum for the year 2015. The partial correlation coefficient and the regression analysis were applied. The results show that the relationship between entrepreneurship ecosystem and national competitiveness is intervened by level of entrepreneurship activities. The R%D transferred as well as the physical and services infrastructures are primary pillars of the ecosystem fostering the national competitiveness. Journal: Int. J. of Business and Globalisation Pages: 272-288 Issue: 2 Volume: 23 Year: 2019 Keywords: entrepreneurial ecosystem; global competitiveness; partial correlation analysis; globalisation; Global Entrepreneurship Monitor. File-URL: http://www.inderscience.com/link.php?id=102461 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:23:y:2019:i:2:p:272-288 Template-Type: ReDIF-Article 1.0 Author-Name: Mustika Sufiati Purwanegara Author-X-Name-First: Mustika Sufiati Author-X-Name-Last: Purwanegara Author-Name: Nurrani Kusumawati Author-X-Name-First: Nurrani Author-X-Name-Last: Kusumawati Author-Name: Azaria Sophiani Nadhira Author-X-Name-First: Azaria Sophiani Author-X-Name-Last: Nadhira Title: Acculturation to global consumer culture and the ethnic identity of Indonesians in relation to South Korean culture Abstract: A certain degree of contradiction exists around the belief that acculturation to global consumer culture (AGCC) has a negative correlation with an individual's ethnic identity (EID). Indeed, some observers state that it is possible to be acculturated to global consumer culture without a loss of ethnic identity. The study explores AGCC towards South Korean culture consumption and ethnic identity on the part of Indonesians. The research reported here focuses on South Korean culture since an enormous number of that country's products are consumed by Indonesians. The objective is to gain insight into global companies' developing of a strategy to enter the Indonesian market. Questionnaires were distributed to the 349 respondents who participated in the survey. AGCC and EID are negatively correlated to each other. Meanwhile, both AGCC and EID relate to Indonesians' consumer behaviour with regard to South Korean culture and the most appropriate strategy for South Korean culture to enter the Indonesian market being standardisation strategy. Journal: Int. J. of Business and Globalisation Pages: 210-231 Issue: 2 Volume: 23 Year: 2019 Keywords: acculturation; ethnic identity; EID; acculturation to global consumer culture; AGCC; South Korea culture; consumption behaviour; observation; quantitative; one-way ANOVA; MANOVA; regression; Indonesian. File-URL: http://www.inderscience.com/link.php?id=102462 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:23:y:2019:i:2:p:210-231 Template-Type: ReDIF-Article 1.0 Author-Name: Ngatno Author-X-Name-First: Author-X-Name-Last: Ngatno Title: A survey on the responsive and proactive market orientation (2005-2015) Abstract: In 2004 the market orientation of the second generation was introduced; it consists of the responsive market orientation (RMO) and the proactive market orientation (PMO). Since then, the RMO and the PMO have received a great deal of attention in the marketing literature. This study provides useful preliminary information to facilitate a good understanding of the RMO and the PMO. This study is intended to help researchers and practitioners to access the RMO and the PMO, and it includes definitions, applications, and problem domains. This study is expected to contribute to the provision of a means to conceptualise and operate the coverage of the RMO and the PMO. The study also found several common variables related to the performance, mediators, and moderators within manufacture and service industries. Finally, this study is expected to provide a framework to organise the results. Journal: Int. J. of Business and Globalisation Pages: 193-209 Issue: 2 Volume: 23 Year: 2019 Keywords: responsive market orientation; RMO; proactive market orientation; PMO; performance; antecedent; consequence. File-URL: http://www.inderscience.com/link.php?id=102463 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:23:y:2019:i:2:p:193-209 Template-Type: ReDIF-Article 1.0 Author-Name: Rangga Almahendra Author-X-Name-First: Rangga Author-X-Name-Last: Almahendra Author-Name: Ria Aulia Author-X-Name-First: Ria Author-X-Name-Last: Aulia Title: Managing alliance configuration and dyadic learning performance in coopetition Abstract: Firms decide to form global alliances to seek new knowledge and innovation from different sources, even from their competitors. However, the mechanism for managing both cooperation and competition in these knowledge-seeking alliances are much less understood. This research is intended to disentangle the learning race phenomenon in an alliance of two competing companies. We raise questions on how firms could reconcile the dilemma between cooperation and competition and what is the best configuration for an alliance portfolio that contributes to a dyadic learning performance in coopetition. We tested the hypothesis with 680 samples from 136 firms in the biotech industry from 1998-2002. The results supported all the hypotheses as follows: strong ties have an inverted U-shaped effect on specific learning capability gap (SLCG) and the technological diversity has a role in reversing the relationship between the strong ties and SLCG which previously was seen as an inverted U-shape, but became U-shaped. Journal: Int. J. of Business and Globalisation Pages: 250-271 Issue: 2 Volume: 23 Year: 2019 Keywords: learning race; coopetition; alliance; technological diversity. File-URL: http://www.inderscience.com/link.php?id=102464 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:23:y:2019:i:2:p:250-271 Template-Type: ReDIF-Article 1.0 Author-Name: Ulf Thoene Author-X-Name-First: Ulf Author-X-Name-Last: Thoene Author-Name: Alvaro Turriago-Hoyos Author-X-Name-First: Alvaro Author-X-Name-Last: Turriago-Hoyos Title: Trust, business, and society in a post-conflict scenario - the case of managing workplace practices in Colombia Abstract: Colombia has been plagued by outbreaks of violence for several decades. As a post-conflict scenario emerges, businesses face new challenges and opportunities. Ending the conflict inevitably involves an effort of somehow integrating ex-guerrilla combatants into the formal labour market. Given the high levels of mistrust or fear that Colombians manifestly have towards such individuals and the low levels of educational attainment they have achieved, a thorough debate on the issue of trust on an overall societal level as well as within firms cannot be avoided. Regarding opportunities, the post-conflict scenario opens a window to modernise relations between different groups making up society. The central thesis of this research is that trust has perhaps become more reciprocal than unidirectional or top-down. We provide survey data, and conduct in-depth, semi-structured interviews with business leaders representing four economic sectors. Journal: Int. J. of Business and Globalisation Pages: 232-249 Issue: 2 Volume: 23 Year: 2019 Keywords: business for peace; Colombia; peacebuilding; peace through commerce; trust; voice at work; workplace relations. File-URL: http://www.inderscience.com/link.php?id=102465 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:23:y:2019:i:2:p:232-249 Template-Type: ReDIF-Article 1.0 Author-Name: Jacqueline Zakpaa Author-X-Name-First: Jacqueline Author-X-Name-Last: Zakpaa Title: Self-employment entrepreneurial motivation: the case of internal ethnic migrants in Sekondi-Takoradi Metropolis Abstract: This exploratory qualitative study at the micro level, sought to enrich the understanding of migrant entrepreneurship, by empirically examining the explanatory variables of the self-employment entrepreneurial motivation, of Ghanaian-born internal regional migrants, in the single host city of Sekondi-Takoradi. Using multiple case study approach, and theoretical sampling technique, 18 cases were selected to generate primary field data, through in-depth semi-structured face-to-face interviews. Data was analysed by triangulating qualitative thematic template analysis with matrix analysis. The findings revealed that the participants were motivated by nine diverse sets of multiple factors, but the most prominent entrepreneurial motivation factors were the desire to make money, and human capital development through urban informal apprenticeship. Thus, the causal variables of their motivation was attributed to the self, culture, and factors within the host society. Consequently, this study made a modest contribution to the on-going discussion on entrepreneurial motivation, including the theory and practice of entrepreneurship. Journal: Int. J. of Business and Globalisation Pages: 289-344 Issue: 2 Volume: 23 Year: 2019 Keywords: self-employment; entrepreneurial motivation; internal migrants; ethnic entrepreneurs; Sekondi-Takoradi Metropolis. File-URL: http://www.inderscience.com/link.php?id=102467 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:23:y:2019:i:2:p:289-344 Template-Type: ReDIF-Article 1.0 Author-Name: Anna Golab Author-X-Name-First: Anna Author-X-Name-Last: Golab Author-Name: Anna Zamojska Author-X-Name-First: Anna Author-X-Name-Last: Zamojska Title: Volatility spillovers between European financial markets: evidence since the Brexit Abstract: In the light of the big rumour around another potential financial crisis: the UK's decision to exit the European Union, this paper presents an analysis of volatility spillover effects around Brexit meltdown time. A number of European countries such as Germany, Poland, Hungary, Czech Republic, Norway, Switzerland, Ireland, Denmark and Sweden are taken into consideration. The analysis contains period from January 2010 until November 2016. This capture the European severing debt crisis, Greek crisis, China's 'Black Monday' crash and Brexit referendum outcome shock. The analysis covers the Diebold and Yilmaz (2009) spillover index, constructed in a VAR framework, to assess spillovers across stock markets returns, multivariate CCC GARCH and Cholesky variance decomposition model. The analysis shows there is no evidence for Europe and the UE to bring other global financial crises, however this paper explains reasons and potential consequences of the Brexit. Journal: Int. J. of Business and Globalisation Pages: 345-366 Issue: 3 Volume: 23 Year: 2019 Keywords: Brexit; spillover index; CCC-GARCH; variance decomposition; financial crisis. File-URL: http://www.inderscience.com/link.php?id=102909 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:23:y:2019:i:3:p:345-366 Template-Type: ReDIF-Article 1.0 Author-Name: Mitsunori Hirogaki Author-X-Name-First: Mitsunori Author-X-Name-Last: Hirogaki Title: Frequency of retail services, membership fees and real store shopping experience: analysing consumer preferences Abstract: As the Japanese population ages, retailers of all sizes in Japan are trying to develop new retail business models to meet the needs of the emerging market segment. This study identifies Japanese consumers' preferences in choosing new grocery retail services that are currently in the early stages of development. A conjoint analysis was conducted through a nationwide survey in Japan to identify these preferences. The results revealed that the retail format is the most important attribute, with these consumers preferring formats that closely imitate bricks-and-mortar style retail. Second in importance is the membership fee, followed by the service frequency. Consumers who consider shopping as a fun activity emphasise service frequency. Our findings provide retailers with information regarding Japanese consumers' shopping attitudes in the future. Moreover, it provides a useful clue to a successful multi-channel retailing strategy in food deserts. Journal: Int. J. of Business and Globalisation Pages: 367-382 Issue: 3 Volume: 23 Year: 2019 Keywords: types of retail services; ageing society; food deserts; consumer behaviour; conjoint analysis; real store shopping experience; Japan; online grocery; membership fee; frequency of retail services. File-URL: http://www.inderscience.com/link.php?id=102911 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:23:y:2019:i:3:p:367-382 Template-Type: ReDIF-Article 1.0 Author-Name: Nicola Capolupo Author-X-Name-First: Nicola Author-X-Name-Last: Capolupo Author-Name: Gianpaolo Basile Author-X-Name-First: Gianpaolo Author-X-Name-Last: Basile Author-Name: Roberto Chionne Author-X-Name-First: Roberto Author-X-Name-Last: Chionne Title: The role of content analysis in the brand-consumer relationship: a systemic view Abstract: In this paper, the authors analysing Ceres case on Facebook aim to show that the brand has changed the role moving from static and unidirectional communication tool to a semantic space in which company and numerous agents (consumer and/or individual) exchange information to meet their needs. The active role that the digital marketing tools can play in a constant condition of bidirectional relationship becomes important: the firm is a complex adaptive system in which the boundaries are the cultural values that allow to maintain relationship with consumers; low level of boundaries shows a horizontal structure in which emerges the brand composed of both efforts of firm and consumer; consumer engagement reduces the product materiality reinforcing the service logic (service dominant logic). Therefore, authors will apply content analysis to study Ceres Facebook page, collecting users' feedback to the brand posts to evaluate the brand positioning and to plan different behaviours. Journal: Int. J. of Business and Globalisation Pages: 383-400 Issue: 3 Volume: 23 Year: 2019 Keywords: service dominant logic; SDL; participatory marketing; systems; holonic theory; consumer culture theory; CCT. File-URL: http://www.inderscience.com/link.php?id=102916 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:23:y:2019:i:3:p:383-400 Template-Type: ReDIF-Article 1.0 Author-Name: Georgina Görög Author-X-Name-First: Georgina Author-X-Name-Last: Görög Title: Is the sharing economy socially responsible? Case study examination about sharing economy companies with the help of stakeholder theory Abstract: Sharing economy is a relatively new method of supplying products and services to the market. This new model has great potential in the field of sustainable development and corporate social responsibility (CSR) and this paper examines the relationship between sharing economy and CSR. The author argues that the companies, whose business models are based on the sharing concept, take responsibility for people who use their product and services. Based on the literature, three basic sharing economy entrepreneur groups have been found; redistributing markets, product service systems and collaborative lifestyles. For the purposes of this paper, multinational companies concerned are eBay (redistributing markets), UBER (product service systems), and Airbnb (collaborative lifestyles), with each being analysed with the help of the stakeholder outline model. In this study, some identified stakeholder groups differ from the classic CSR stakeholder theory as their power, contributions, and expectations are more significant than in the case of traditional business. Journal: Int. J. of Business and Globalisation Pages: 401-419 Issue: 3 Volume: 23 Year: 2019 Keywords: sharing economy; sharing economy business model; disruptors; corporate social responsibility; CSR; stakeholder theory; stakeholder outline model; selected companies; case study; socially responsible; sharing economy companies; sustainable development; eBay; UBER; Airbnb. File-URL: http://www.inderscience.com/link.php?id=102917 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:23:y:2019:i:3:p:401-419 Template-Type: ReDIF-Article 1.0 Author-Name: Alfred Mbeteh Author-X-Name-First: Alfred Author-X-Name-Last: Mbeteh Author-Name: Massimiliano M. Pellegrini Author-X-Name-First: Massimiliano M. Author-X-Name-Last: Pellegrini Author-Name: Salime Mehtap Author-X-Name-First: Salime Author-X-Name-Last: Mehtap Title: Unemployment in Africa and entrepreneurial education: a critical assessment of entrepreneurship education programs in Sierra Leone Abstract: Unemployment and specifically youth unemployment, is a condition which many developing countries must deal with. Different initiatives have been developed to counterbalance this problem and an effective response comes in the form of entrepreneurship education (EE). While there has been an increase in the number of entrepreneurship education programs (EEPs) in general, little is known about the current status of programs targeting graduate youths in particular. This paper exactly reviews the actual EE status in Sierra Leone and recommends ways to effectively improve the implementation of such programs. The analysis was conducted by selecting a sample of programs offered at 15 higher education institutions. Phone interviews were conducted to obtain information on the programs' outcomes, characteristics, contexts and participants. The results show that the provision of EE by higher education institutions in the country are still in their early stages and need more coordinated efforts, further government support and funding. Journal: Int. J. of Business and Globalisation Pages: 420-451 Issue: 3 Volume: 23 Year: 2019 Keywords: entrepreneurship education; entrepreneurship education programs; EEPs; developing countries; West Africa; Sierra Leone; youth unemployment; entrepreneurship. File-URL: http://www.inderscience.com/link.php?id=102923 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:23:y:2019:i:3:p:420-451 Template-Type: ReDIF-Article 1.0 Author-Name: Pritpal Singh Bhullar Author-X-Name-First: Pritpal Singh Author-X-Name-Last: Bhullar Author-Name: Deepak Tandon Author-X-Name-First: Deepak Author-X-Name-Last: Tandon Title: Impact of operating efficiency on firm value - a case of Indian banking sector and information technology sector Abstract: Indian banking sector and IT sector have undergone metamorphic changes amidst reforms. The efficiency, effectiveness and productivity in the banking and IT sector depict the transformation vis-a-vis the reforms. The present study examines the effect of operating efficiency on valuation of firm in context of Indian banking sector and IT sector. The authors have done a pilot study comprising of 15 banks and 15 IT companies over a time span of 2005 to 2015. Panel data analysis has been employed to examine the main objective of research. The independent variable, operating efficiency, is proxied by six financial ratios (FATO, ROCE, EV, NPM, QOI and EV/sales) and enterprise value acts as dependent variable. The study concludes that the fixed asset turnover (FATO) ratio and return on capital employed (ROCE) gives negative relation with enterprise value (EV) in banking sector whereas in IT sector similar trend is indicated by fixed asset turnover ratio. Journal: Int. J. of Business and Globalisation Pages: 452-463 Issue: 3 Volume: 23 Year: 2019 Keywords: operating efficiency; panel data; enterprise value; banking; IT sector. File-URL: http://www.inderscience.com/link.php?id=102924 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:23:y:2019:i:3:p:452-463 Template-Type: ReDIF-Article 1.0 Author-Name: Puneet K. Bindlish Author-X-Name-First: Puneet K. Author-X-Name-Last: Bindlish Author-Name: Sharda S. Nandram Author-X-Name-First: Sharda S. Author-X-Name-Last: Nandram Title: Manifestation of worldview in a metaphor Abstract: Much of the current problems in organisations are emanating from the worldviews of the stakeholders involved in those organisations. The construct of worldview hails from the German word 'Weltanschauung'. It refers to the belief framework through which an individual or community (group, organisation, nation, civilisation) conceptualises reality and interprets the world and interacts with it. A closer look at the world around us reveals that most of our lives are being impacted by business organisations especially from the last few hundred years. Business entities are getting bigger and stronger day by day, especially with the power to take decisions which impact one and all. Therefore, it builds a case for analysis of organisational worldviews and their consequences on people, profit and the planet. One way of observing a worldview is through language. Applying it to organisations brings us to the concept of metaphor. This paper addresses how languages are manifestations of worldviews and what metaphor suits the elements of a new worldview representing the call for balance between people, profit and planet. It proposes the Banyan tree as a suitable metaphor for a natural worldview. Journal: Int. J. of Business and Globalisation Pages: 464-474 Issue: 3 Volume: 23 Year: 2019 Keywords: worldview; metaphor; Banyan tree. File-URL: http://www.inderscience.com/link.php?id=102925 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:23:y:2019:i:3:p:464-474 Template-Type: ReDIF-Article 1.0 Author-Name: Narendra Singh Chaudhary Author-X-Name-First: Narendra Singh Author-X-Name-Last: Chaudhary Author-Name: Shivinder Phoolka Author-X-Name-First: Shivinder Author-X-Name-Last: Phoolka Title: Predicting whistleblowing intentions through organisational commitment - insights from the Indian real estate sector Abstract: In this paper, the authors studied the impact of organisational commitment on the whistleblowing intentions of the employees in the Indian real estate sector using multiple regression analysis. The findings revealed that affective commitment and normative commitment has a significantly positive impact on the whistleblowing intentions of employees. Amongst, affective and normative commitment; normative commitment has a more significant effect than an affective commitment on the whistleblowing intentions of the employees. While on the other hand continuance commitment showed the significantly negative impact on the whistleblowing intentions of the employees. This implies that employees that possess a high level of affection and feel obliged towards organisation intent to blow the whistle to safeguard the organisational interest. While on the other hand, employees experiencing continuance commitment due to fear of job loss and lack of attachment will dissuade from the act of whistleblowing. Journal: Int. J. of Business and Globalisation Pages: 475-491 Issue: 3 Volume: 23 Year: 2019 Keywords: organisational commitment; affective commitment; continuance commitment; normative commitment; whistleblowing intentions; wrongdoings; real estate sector. File-URL: http://www.inderscience.com/link.php?id=102926 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbglo:v:23:y:2019:i:3:p:475-491