Global Business and Economics Review (27 papers in press)
Consumers lifestyle of health and sustainability as determining factor of purchase behaviour for sustainable products: An empirical analysis
by Manita Matharu, Ruchi Jain, Shampy Kamboj
Abstract: Sustainability and environmentally conscious behaviour towards sustainable products are emerging research areas in India. There is dearth of research to understand Indian consumers sustainable purchase behaviour, particularly in the context of consumers lifestyle. Present study aims to examine effect of consumer lifestyle of health and sustainability (LOHAS) on purchase behaviour. This paper adapts LOHAS, consumer attitude towards sustainable purchasing, subjective norm, willingness to pay premium for sustainable product to examine sustainable product purchase behaviour in Indian context through an extended theory of planned behaviour. Collection of data is done through a questionnaire filled from 316 individuals who are consumers of sustainable products. This study validated the proposed conceptual model by structured equation modelling and provides that LOHAS emerged as an antecedent to consumer attitudes towards sustainable product purchase. Additionally, attitude towards sustainable purchasing and willingness to pay price for sustainable products found to be significant determinants of consumers sustainable purchase behaviour. The findings of this paper might interest consumer behaviour scholars and those firms that concern regarding the consumers purchase behaviour for sustainable products.
Keywords: Sustainability; Sustainable Products; Theory of Planned Behaviour; Structural
Equation Modeling; LOHAS.
The Strategic Dilemma of Counter-Cyclical Capital Investment
by Eric C. Larson, Carl Vieregger
Abstract: This research investigates the timing of strategic investment decisions in response to changing conditions in the macro-economic environment. Managers face a strategic dilemma when making capital investments within the macro-economic cycle: even though resources may be scarce during downturns, firms with managerial capabilities can exploit factor markets to make profitable investments. We first show that managers recognize the importance of investing through economic downturns (i.e., investing counter-cyclically), but we also hypothesize and show that firms invest less during economic contractions (i.e., they do not invest counter-cyclically). We then hypothesize and find that performance is declining in investment, suggesting that contingent factors may influence successful capital investments. Our main hypothesis and test demonstrate that firms increasing capital investment during macro-economic downturns experience greater forward performance over one, two, and three-year horizons. We also show that the underlying mechanisms of this increased performance may be the temporal orientation (i.e., investment horizon) of strategic capital allocation and the firms dependence on external sources of financing. The analyses in this paper suggest that executives should make capital investments when it is perhaps the most difficult to do so.
Keywords: capital investment; capital resources; economic cycle; strategic decision-making; strategic dilemma; counter-cyclical investment; strategic timing; strategic fit; scarce resources; economic downturns; economic contractions; firm performance; contingent factors; temporal orientation; payback period; external dependence.
Econometric Search of Undocumented Workers in the U.S.
by Yongseung Han, Eréndira Yareth Vargas López, Myeong Hwan Kim
Abstract: This study seeks to find where undocumented workers reside in the United States. By postulating that the U.S. destination of an undocumented worker is affected by socio-economic factors, an equation is estimated using the standard panel-data methods. A static panel-data estimation (fixed-effects and random effects) does not reveal a meaningful relation between undocumented workers and other factors. The Arellano-Bond estimation, in which the previous level of undocumented workers are used as a proxy for a network, provides statistically significant relations at the 0.05 level; the number of undocumented workers in a state is determined by the states socio-economic factors such as economic conditions (e.g., unemployment rate and household income) and social factors necessary to form a network (e.g., foreign-born population, Hispanic population, urban population, the number of households having limited English-speaking ability and the previous level of undocumented workers). Among these factors, the previous level of undocumented workers has the largest impact on the current level of undocumented workers.
Keywords: Undocumented Worker; Illegal Immigration; Economic Migration; Real Wage; Unemployment Rate; Household Income.
Testing Weak-Form Market Efficiency in the Stock Exchange of Thailand
by Nattawut Jenwittayaroje
Abstract: This research tests the weak-form market efficiency, one of the most important financial theories, on the stock indices of the Stock Exchange of Thailand, namely, SET, SET50, SET100, SETHD, sSET, and MAI indices during the period from January 2002 to May 2019. This study employs three well-known weak-form market efficiency tests: autocorrelation tests, runs tests, and variance ratio tests (Lo & MacKinlay, 1988). The results show that SET, SET50, SET100, and SETHD indices become more weak-form efficient over time, suggesting that any strategy based on past returns to predict future returns is futile. However, sSET and MAI indices are not weak-form efficient, and show no sign of improved efficiency over time, thereby enabling the creation of trading strategies to earn abnormal returns, using past returns to predict future returns.
Keywords: Weak-form market efficiency; Random walk; Stock index; Total return; Stock Exchange of Thailand.
Impact of financial development on income inequality: Evidence from System Dynamics approach
by Syahrin Suhaimee, Mohd Azlan Shah Zaidi, Noorasiah Sulaiman, Jafri Zulkepli
Abstract: This paper examines the impact of financial development on income inequality from the dimensions of the banking sector and the stock market from 1970 to 2019 by utilizing the System Dynamics approach to analyse the dynamic feedback system of multiple variables. Results show that the banking sector development has higher impact on reducing income inequality than that of the stock market development. Although financial deepening has the highest impact on reducing income inequality towards 2050, the GDP output is lower than that of the GDP output in banking sector development. Thus, the growth in the banking sector is favourable compared to the improvement in other financial indicators. To achieve more equitable distribution of income and sustainable economic growth, both the government and the private sectors need to play their roles in providing better financial services to the people
Keywords: income inequality; banking sector; stock market; financial activity; financial deepening; financial size; system dynamics; financial development.
Volatility Spillovers of Gold Prices, Oil Prices, and Economic Policy Uncertainty on Stock Market of Pakistan
by Tariq Aziz, Afaque Hussain
Abstract: The primary purpose of the study is to examine the spillover effect of the oil market, the gold market, and global economic policy uncertainty on the stock market in the context of Pakistan. The study uses time-series data for the period December 2010 to September 2019. To investigate the volatility spillovers, the study employed the EGARCH model that allows for asymmetries. The results show that shocks in the gold market significantly transmit to the stock market returns. When the gold market is less volatile then the stock market shows higher volatility, vice versa. Further, the oil prices and global economic policy uncertainty have no significant volatility spillovers towards the stock market returns. The findings provide updated evidence about volatility transmissions from multiple factors to the stock market returns that are very important for investors and policymakers.
Keywords: Gold price; Oil price; Global economic policy uncertainty; Stock market returns; volatility spillover;.
SUB-NATIONAL GOVERNANCE QUALITY AND ECONOMIC GROWTH: A CROSS-REGION STUDY IN VIETNAM
by Canh Le Quang, Nhung Do Tuyet
Abstract: This study argues that sub-national governance affects economic performance not only cross-country but also cross-region within a country where local authorities interpret and apply the policies differently, and the impact of sub-national governance on economic performance is different from the size of the provincial economy. Using datasets collected at the provincial level and the Generalized Method of Moment models for dynamic panel data with two-step and robust standard error procedures, this paper suggests that better sub-national governance is associated with higher provincial economic growth and the effects do not uniform regarding measures of sub-national governance. The impacts of sub-national governance on economic growth is mitigated in larger provinces. These results shed light on how economic growth arises in response to institutional changes in a transitional economy like Vietnam.
Keywords: Sub-national governance; economic growth; cross-regional; and Vietnam.
Performance Evaluation of Some Listed Companies: Insights from Dhaka Stock Exchange in Bangladesh
by S.M. Masudur Rahman, Abu Naser Mohammad Saif
Abstract: Present study unveils the key determinants of profitability that is the measure of performance for a company. The profitability measurement indicators ROA, ROE have been set as dependent variables and macroeconomic factors like GDP, Inflation and company determinants like total asset, capital adequacy, net revenue margin, and the liquidity are set as independent variables. Natural log has been taken for total asset, GDP, and Inflation as we considered the percentage change of the variables. It is found that in case of ROA, four independent variables have a significant impact on ROA, but all are company determinants, no macroeconomic indicators have remarkable influence on ROA. And in case ROE, it is revealed that only two variables, total asset and GDP are meaningful and all other independent variables are insignificant. So, from the ROE side, it is get that NRM, Liquidity, and capital adequacy are not important variables. But for ROA, only two variables (GDP, Inflation) are not significant. R2 is also higher for ROA (.8327) than R square for ROE (.1481).
Keywords: Return on assets (ROA); Return on Equity (ROE); Asset size; Capital adequacy; Liquidity; Net Revenue Margin (NRM); GDP; and Inflation.
Educational wage premia and wage inequality in Turkey
by O.Y.A. KENT, SINEM SEFIL-TANSEVER
Abstract: This paper examines the effect of educational attainment on the male wage inequality in Turkey by employing Structure of Earnings Survey Micro Data compiled by TURKSTAT. We compare two years, namely 2006 and 2014, by estimating the Mincerian wage equation. Quantile Regression method is utilised in order to explore the differentials in educational wage premia along the wage distribution. Our findings show that, despite the overall increase in the male wage inequality over the period, inequality declined at the top end of the wage distribution while displaying a significant increase at the bottom end. Education had a positive impact on both within and between groups inequality in both years. In general, educational wage premia in all education categories along the wage distribution increased, with two exceptions (vocational high school and higher education). Especially, in higher education category, educational wage premia have declined at the top half of the wage distribution while increased in lower quantiles.
Keywords: Educational wage premia; wage inequality; quantile regression.
Indias inclusive growth- An Approach Based on TOPSIS Method
by Anusha Goel
Abstract: This study analyses the achievement of 32 Indian states and union territories in the inclusiveness of financial system, their relative position, major emerging trends and computes the rate of growth during a period of 2000-01 to 2016-17. The level of inclusion is determined using technique of order preference by similarity to ideal solution (TOPSIS) method and growth rate is computed by log linear regression model. The results indicate that states and union territories have secured different level of inclusiveness of financial system. While the situation has seen tremendous improvement in approximately twenty percent states/union territories, it has faced significant decline in thirteen percent states/union territories. There is no robust change in as many as seventy percent states/union territories. There are several implications for government and regulatory bodies. It presents a clear picture of the least inclusive states and their pattern of development overtime. The concerned authorities should analyse the dynamics between macro-economic factors and degree of inclusion which will act as a guide in policy formulation. It should give special attention to these states/union territories and frame regional policies instead of having one size fits for all approach for inclusive growth. Moreover they should work in coherence with each other to achieve desired goals.
Keywords: Banking; Financial Inclusion; Growth; India; Index; TOPSIS Method; Services; States; Union territories.
The Path of Impossible Trinity in India: 1991-2018
by Harpreet SIngh Grewal, Pushpa Trivedi
Abstract: To test the existence of impossibility trinity constraint in the Indian context, we build three impossible trinity indices, viz., capital account openness, monetary independence and exchange rate stability using data for the period 1991-2018. We find the evidence on the existence of the trilemma where the constraint increases with rise in capital account openness. We also find that monetary independence comes at the cost of exchange rate stability. Our results on the implications of movements in trilemma in the presence of international reserves on inflation suggest that exchange rate stability has been effective in reducing inflation in India and remains a dominant policy choice. A rise in the flows of international reserves, however, could increase inflation, albeit the effect is negligible, reflecting inadequate sterilisation operations by the central bank.
Keywords: Capital Account Openness; Capital Mobility; Exchange Rate Stability; Forex Reserves; Impossible Trinity; India; Inflation; International Reserves; Monetary Policy Independence; Mundell-Fleming model; Trilemma.
Household Economy Challenges in Fulfilling Life Needs During the Covid-19 Pandemic
by Hasan Ashari, Trinandari Nugrahanti
Abstract: This study aims to determines the challenges of changing household socio-economic and psychological behavior to fulfill daily needs during the COVID-19 lockdown in the DKI Jakarta and Jabodebotabek. A descriptive quantitative approach was used to explain socio-economic and psychological behavior changes. Data was collected through google questionnaires in 440 households. The results indicate that the desire to meet the needs of life and existence decreased during the Covid-19 pandemic. There was a decline in mobility, which has a significant affected many breadwinners incomes. An increase in expenditure for household needs led to the inability to save. This study provides alternative government policies that can be implemented to meet community needs. It discusses the needs that should be considered in an economic crisis, including food aid, cash assistance, or entrepreneurial working capital.
Keywords: household; economy; large-scale social restrictions (PSBB); covid-19 pandemic.
The impact of the characteristics of audit committee members on audit committee effectiveness
by Madeleine La Grange, Barry Ackers, Elza Odendaal
Abstract: Using an explorative qualitative case-study research design, this study seeks to understand the impact of audit committee member characteristics on its effectiveness. A single small to medium-sized company was used, with the participants being purposively selected. Data were collected through individual semi-structured interviews and archival records. The paper provides insights into the impact of the qualifications, experience and independence of audit committee members, enabling them to effectively fulfil their audit committee responsibilities. Furthermore, the leadership abilities of the audit committee chairperson enhanced the governance practices while providing a mentorship role. The study contributes to the audit committee discourse by enhancing the understanding of the impact of the audit committee members characteristics on the audit committees effectiveness of a high growth potential small to medium-sized listed company. Despite its South African orientation, the study findings are globally relevant, given the significant contribution of small to medium-sized enterprises around the world.
Keywords: audit committee; characteristics; leadership; qualifications; small to medium-sized company; value added.
Understanding distress and default in Jordanian companies using Multiple Discriminant Analysis
by Malik Elhaj
Abstract: A business may fail because of financial or non-financial reasons but if this failure can be predicted it can be avoided. Thus, it becomes imperative that reasons and variables involved in such failures be studied. This research is focused on default risk and failures in Jordanian companies based on internal factors. The study uses financial data of 49 companies for the time period 2015-2017. The methodology includes qualitative analysis and multi discriminant analysis to analyze and interpret distress and failures in companies. One significant finding from the analysis was that sales, equity capital, retained earnings and debt are good predictor of defaults in companies.
Keywords: default; failed companies; financial distress; financial ratios; Jordan; MDA.
Entrepreneurial ecosystems: impact on the quality of life in a region
by Leyla Gamidullaeva, Sanyat Agamagomedova
Abstract: In recent research, the concept of entrepreneurial ecosystems is considered to be as a driver of regional sustainable development. The authors discuss the relationship between entrepreneurial ecosystem development and the quality of life level in a region. Such issues are underexplored in the academic literature. The authors illustrate their assumptions with an empirical study of 85 Russian regions (subdivisions). The propositions arising from this analysis provide information to help academics, policymakers, government, and individual enterprises with a more adequate understanding of the practical mechanisms and tools that help trigger sustainable regional development through the support and development of entrepreneurial ecosystems.
Keywords: entrepreneurial ecosystems; sustainable development; quality of life; innovation; region.
Dynamics of the securities market in the information asymmetry context: Developing a methodology for emerging securities markets
by Kostyantyn Anatolievich Malyshenko, Majid Mohammad Shafiee, Vadim Anatolievich Malyshenko, Marina Viktorovna Anashkina
Abstract: Developing a system of indicators that reflects the degree to which the securities market fulfils its key functions, is essential to assess the level of its development. In the conditions of asymmetric information it can also provide effective policies for securities market development. This paper is aimed to develop a set of indicators to assess the securities market performance, especially in the asymmetric information context. To this goal, we selected the Russian securities market as a case of asymmetric information context, in comparison with other post-Soviet countries, to investigate its success and failure in fulfilling its key functions. Regarding this, we developed research hypotheses and we conducted a normative research method, based on an ideal model of market functioning that is used as a criterion for testing the hypotheses. The results offer an original scale for assessing the performance of securities market of its functions. The findings also help practitioners with effective policy making in securities market regulation and its development toward its ideal state. The key contribution of this research is in developing a new scale for determining the performance and efficiency of the securities market, based on the conditions of information asymmetry.
Keywords: Financial Markets; Information Asymmetry; Market Functions; Securities Market Performance.
Evolution of Microfinance: A Systematic Literature Analysis and Future Road Map
by Dnyaneshwar Gudadhe, Nisha Bharti
Abstract: This paper is explicit work on two aspects of the microfinance industry that is evolution and performance. For the study of microfinance evolution, a systematic study approach is followed using available literature from 1975 to 2020. For the review purpose, we have used EBSCO, Google Scholar for regular search and Emerald Insight, Science Direct and Web of Science for the preliminary review of the literature. For analysis and visualization, we have used VOSViewer application for the review discussion. rnrnWe found the evolution of microfinance is a widely studied subject in developed countries compared to other economies of the world. The study evidenced that there are various research gaps and challenges in the microfinance sector. We have developed a future road-map for microfinance progression and first time introducing 7S techniques performance measurement. rn
Keywords: Evolution; Systematic Review; Performance; Microfinance; Microfinance Institutions; Development; Public Finance.
Appealing Investors through IPO Advertisements
by Ganesh R, Thiyagarajan S, Naresh G
Abstract: Companies sometime advertise their products and potential for growth before issuing new stocks or bonds in the market. In the beginning, advertisements for IPOs and mutual funds were primarily attention drawing. They lacked many important disclosures like price related information, company information, use of proceeds etc., making optimal investment decisions. Later advertisements have become more responsible, with the complete disclosure of possible returns and risks. Disclosure of information increases the acceptability of the company among investors leading to more efficient investment decisions. The present study aims to determine the impact of IPO advertisements on Indian investors and the influence of various possible biases that investors could make irrational decisions. Primary data collected through structured interview from the investors, is used for the study. The findings confirm that in India, investors who go for IPOs, demand more useful and trustworthy disclosures in the advertisements and brochures brought out by the firms. The results are expected to interest to academicians and firms who intend to float shares in the primary market.
Keywords: Initial Public Offer; Marketing; Advertisements; Retail Investors; Ad bias; and Reputation bias.
Special Issue on: EMAB 2018 Efficiency and Performance Trends under the Impact of Climate Change, Technology, Ageing Population, Immigration and Religious Challenges
Football industry stakeholder salience and attributes - the case of Cyprus, EU
by George Yiapanas, Alkis Thrassou
Abstract: The purpose of this paper is to theoretically identify the various stakeholders of the football industry and to define and delineate their typology, prioritisation and interrelationships, along specific attributes; drawing in parallel explicit theoretical and practical conclusions towards scholarly advancement and managerial implementation. The research focuses on the case of Cyprus, a small European (EU) island-state, whose football-specific attributes, in all its business, sporting and social contexts make it a rather unique and valuable case study for football internationally. Methodologically, the research relies on an extensive theoretical study and the application of Mitchell, Agle and Wood (1997) typology of stakeholders attributes and salience.
Keywords: football industry; managers; attention; stakeholder theory; stakeholder salience; attributes; typology; stakeholder identification; prioritization.
Special Issue on: EUROMED 2019 Innovative Business and Management Approaches to Meet the Challenges of a Volatile Global Environment
Indicators and criteria for efficiency and quality in public hospitals: a performance evaluation model
by Fiorella Pia Salvatore, Simone Fanelli
Abstract: In many countries, the public sector is currently characterized by the need to improve its performance. The implementation of performance measurement systems is essential to generate better results, especially in the public health sector. In healthcare practice, clinical indicators are part of a performance measurement system, and are a way of assessing the quality of care by investigating the frequency of specific results. Through a clinical audit process, this study aims to define the criteria and key performance indicators for minimally invasive endovascular surgical treatment. This type of treatment is chosen because aortic pathologies are an important European issue in cardiovascular surgery. A model of criteria and indicators used in a large public Italian hospital was constructed in order to assess the level of performance achieved with this service.
Keywords: healthcare organization; evaluation model; key performance indicators; efficiency; quality improvement; performance assessment; health services; new public management; internal audit; healthcare costs.
The contribution of a supplier of the Food & Beverage industry to the sustainability of the overall supply chain
by Marcella Giacomarra, Maria Crescimanno, Georgia Sakka, Antonino Galati
Abstract: Achieving sustainable scopes in a supply chain context entails structural changes at all tiers. Recently, scholars investigated different models able to achieve a Sustainable Supply Chain Management. With the aim to explain which factors, at the single supplier level, could reassure a focal firm as regards the compliance of sub-suppliers toward sustainability principles, a case study was performed on a company of the Food & Beverage packaging industry, based on the Natural Resources Based View of the firm. Results show the leading role that, a major supplier, can play in promoting sub-suppliers compliance towards sustainable principles. Reputation, legitimacy and concerns about future positioning in the market, are guiding factors able to influence the strategies adopted towards sub-suppliers. Implications for focal firms managers suggest to invest more in relationships with those suppliers able to demonstrate reliable sustainable management systems, with proven commitments to product stewardship and greener technologies.
Keywords: Sustainable business models; environmental sustainability; Natural Resource Based View; Chain Liability Effect; sustainable supply chain; supply chain management; case study; key resources.
Transfer of Training: An effective tool of knowledge application
by Karim Wahba, Niki Kyriakidou, Janet Astley
Abstract: Training alone is not adequate to increase organisational effectiveness, as not all knowledge acquired from the training is implemented correctly in the workplace. To implement training effectiveness, acquired knowledge should be transferred to the workplace. This study intends to understand and describe how expatriate faculty members perceive the Supervisor\'s support behaviours for an effective transfer of training during three stages (i.e. before, during and after training) in the context of UAE HE sector. A qualitative interpretivist approach was adopted, and the data was generated from 21 expatriate faculty members in three higher education institutions through semi-structured interviews. The findings had contributed to the knowledge concerning transfer of training, particularly, in the UAE\'s higher education (HE) sector by proposing a framework which for the first time identifies the types of supervisors\' supportive behaviours that foster transfer of training among faculty members in each phase of trainingthereby increasing the knowledge application and training effectiveness in the UAE private HE sector.
Keywords: Transfer of Training; Supervisor Support; Expatriate Faculty Members; UAE; HE Sector.
Academic Propaganda in Higher Education Institutions as Social Business Enterprises: detection, remedy and conceptualisation
by S. M. Riad Shams, Alkis Thrassou, Demetris Vrontis, Michael Christofi, Eleni Trichina
Abstract: Historically, social enterprises and particularly higher education institutions (HEIs), in the course of pursuing social objectives and economic imperatives have played a pivotal role in the community interests and social welfare by acting as drivers of social change. In this context, and on the contrary to the understanding of universities as public good, academic propaganda, as a darker form of institutional brand communication strategy has been, diachronically, in social businesses and other diverse contexts, misleading target audiences for political, social and/or business purposes. And though scholars in marketing and social sciences have studied the matter, primarily in its socio-political context, its business fa
Keywords: Social business enterprises; higher education; propaganda; image; reputation; internationalisation; sustainability; brand communication; misleading communication; value.
THE RELATIONSHIP BETWEEN SOCIAL CAPITAL, KNOWLEDGE SHARING AND TRUST: A STUDY BETWEEN BABY BOOMERS, X AND Y GENERATIONS
by Hande Özek
Abstract: In todays work-life, organizations currently are not only facing the rapid change of external factors such as technology, economy but also striving to adapt new work values and patterns of behaviour in organizational practices within new generations. The aim of this study is to reveal the relation between social capital, knowledge sharing, and trust in the organization and find out the differences among the generations. A quantitative study was conducted with a total of 327 participants, all actively working in the private sector, in Istanbul, Turkey. The results provided three main findings as follows: social capital has a positive effect on knowledge sharing; trust has a positive effect both on knowledge sharing and social capital; there are differences among the generations in social capital, knowledge sharing, and trust.
Keywords: Social Capital; Structural Social Capital; Relational Social Capital; Cognitive Social Capital; Knowledge Sharing; Trust; Capability Trust; Benevolence Trust; Integrity Trust; Baby Boomers; X Generation; Y Generation; Sustainable Competitive Advantage.
Humour Use in the Workplace: A Key to Achievements or a Trojan Horse of Harassment?
by Paschalia Patsala, Anastasia Lampreli, Constantinos-Vasilios Priporas
Abstract: The purpose of this paper is multi-faceted. ?t fundamentally aims to explore the use of humorous discourse in work environment, focusing mainly on gender and age differences. Within this context, the present work uncovers nuanced and significant communication tactics applied both by males and females in business lieu. It also discusses whether humour in the workplace constitutes an innocent form of entertainment, or it may have adverse consequences for employees, disguising the biased and derogatory essence of the remarks made. The types and manifold functions of humour are presented, unravelling the positive and negative outcomes of its usage. Particular emphasis is placed on those features of humorous interaction at work that can lead to harassing episodes, as well as on the consequences of sexist humour. Other issues elaborated on in the paper are gender differences, stereotypes, organisational tension and confrontation, as well as the culture of tolerance of sexism in professional contexts.
Keywords: Humour; organisational communication; gender; harassment; sexist humour; business discourse; confrontation.
NETWORKED BUSINESS INCUBATORS: A SYSTEMATIC LITERATURE REVIEW
by Valentina Iscaro, Laura Castaldi, Gaetano Buccino
Abstract: In this paper, we contribute to the literature on business incubators by focusing on networked business incubators. Recent studies have highlighted the central role played by incubators in embedding a company within well-organised networks, which is a main factor for start-up success. In this vein, we conduct a systematic literature review of scientific papers, matching the issues of incubators and networks through Bibliometrix, an open-source R-package. The findings highlight the existence of five literature clusters, with their own set of features emphasising specific characteristics of the investigated phenomenon.
Keywords: networked business incubators; incubator; network; systematic literature review; Bibliometrix.
Special Issue on: EUROMED 2019 Innovative Business and Management Approaches to Meet the Challenges of a Volatile Global Environment
BIG DATA FIRMS AND INFORMATION PRIVACY
by Simona Mihai-Yiannaki, Lucia Gibilaro, Gianluca Mattatocci
Abstract: Our paper combines theories and information from both finance and law disciplines in an original way in terms of business related and geographical interconnections in the world of data protection. The increasing privacy needs of the last decade generated challenges for Big Data firms, while at the same time opportunities to grow came from emerging technology-linked products and services. What we attempt to test in our research is the connectivity between the performance of Big Data firms within the limitations of the existing information privacy law. We have worked on a sample of 1040 listed Big Data firms from the domain of IT services, active in the market from 2010 until 2018.
The geographic spread of our research sample was Asia, Europe and America, whereas in the legislation considered relates to the USA-SWISS Privacy Shield, the USA-EU Privacy Shield and the General Data Protection Regulation. The analysis shows that the respective regulations in place have a strong impact for big data firms, especially for IT firms. Methodology wise we have used abnormal returns analysis of the firms performance when each regulation came into effect.
Keywords: Big Data; Data protection; GDPR; Privacy; Performance.