Pub Date : 2023-01-01DOI: 10.15678/eber.2023.110211
H. Mishchuk, Y. Bilan, V. Mishchuk
{"title":"Employment risks under the conditions of the COVID-19 pandemic and their impact on changes in economic behaviour","authors":"H. Mishchuk, Y. Bilan, V. Mishchuk","doi":"10.15678/eber.2023.110211","DOIUrl":"https://doi.org/10.15678/eber.2023.110211","url":null,"abstract":"","PeriodicalId":11726,"journal":{"name":"Entrepreneurial Business and Economics Review","volume":null,"pages":null},"PeriodicalIF":3.8,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88220095","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-01DOI: 10.15678/eber.2023.110108
Agnieszka Hajdukiewicz, Bożena Pera
{"title":"Eco-innovation in the European Union: Challenges for catching-up economies","authors":"Agnieszka Hajdukiewicz, Bożena Pera","doi":"10.15678/eber.2023.110108","DOIUrl":"https://doi.org/10.15678/eber.2023.110108","url":null,"abstract":"","PeriodicalId":11726,"journal":{"name":"Entrepreneurial Business and Economics Review","volume":null,"pages":null},"PeriodicalIF":3.8,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88251249","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-01DOI: 10.15678/eber.2023.110104
Agnieszka Żur, Agnieszka Wałęga
Objective: The driving aim of this study is to test whether small and medium-sized enterprises (SMEs) with a higher level of internationalization and innovation orientation were able to adapt their training and development activities during Covid-19 quicker and better than others. With no or very few studies investigating employee learning and development adaptation in SMEs, we address an important research gap. Research Design & Methods: We tested the hypothesized relationships on a sample of 214 Polish SMEs. Data was collected using the computer-assisted telephone interview (CATI) method. The logit model and ordered probit model were employed to analyse the data. Findings: While the results clearly indicate that innovation orientation had an impact on the adaptation of training and development for Polish SMEs during the first year of the Covid-19 pandemic, internationalization did not exhibit any significant impact on the number of training sessions conducted during the first year of Covid-19. However, the existence of prior experience with online technologies may have moderated the relationship between internationalization and adaptation of learning and development. Implications & Recommendations: To become quick adapters, SMEs should develop an innovation orientation, implement online learning practices and foster mutual learning within the organization, and take every opportunity to learn from external partners. Contribution & Value Added: With this study, we contribute to the body of knowledge investigating SME adaptation during Covid-19. This research implies that innovation orientation can positively influence how firms adapt their training and development in times of crisis. This pioneering contribution is an important piece of the puzzle of what might determine the competitive advantage of some SMEs over others in years to come.
{"title":"Internationalization and innovation orientation as factors of employee learning and development adaptation during Covid-19: Evidence from Polish SMEs","authors":"Agnieszka Żur, Agnieszka Wałęga","doi":"10.15678/eber.2023.110104","DOIUrl":"https://doi.org/10.15678/eber.2023.110104","url":null,"abstract":"Objective: The driving aim of this study is to test whether small and medium-sized enterprises (SMEs) with a higher level of internationalization and innovation orientation were able to adapt their training and development activities during Covid-19 quicker and better than others. With no or very few studies investigating employee learning and development adaptation in SMEs, we address an important research gap. Research Design & Methods: We tested the hypothesized relationships on a sample of 214 Polish SMEs. Data was collected using the computer-assisted telephone interview (CATI) method. The logit model and ordered probit model were employed to analyse the data. Findings: While the results clearly indicate that innovation orientation had an impact on the adaptation of training and development for Polish SMEs during the first year of the Covid-19 pandemic, internationalization did not exhibit any significant impact on the number of training sessions conducted during the first year of Covid-19. However, the existence of prior experience with online technologies may have moderated the relationship between internationalization and adaptation of learning and development. Implications & Recommendations: To become quick adapters, SMEs should develop an innovation orientation, implement online learning practices and foster mutual learning within the organization, and take every opportunity to learn from external partners. Contribution & Value Added: With this study, we contribute to the body of knowledge investigating SME adaptation during Covid-19. This research implies that innovation orientation can positively influence how firms adapt their training and development in times of crisis. This pioneering contribution is an important piece of the puzzle of what might determine the competitive advantage of some SMEs over others in years to come.","PeriodicalId":11726,"journal":{"name":"Entrepreneurial Business and Economics Review","volume":null,"pages":null},"PeriodicalIF":3.8,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82308414","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-01DOI: 10.15678/eber.2023.110210
Mohammed Al-Mannaei, O. Al-Jayyousi, Asif Mahmood, U. Dornberger, Noor Al-Jayousi
Objective: This article aims to identify the role of ICT infrastructure and knowledge creation on innovation outcomes based on the technology innovation system (TIS) framework to stimulate innovation in financial technology (fintech) in Bahrain. Research Design & Methods: This study employed the framework of the technology innovation system (as a sub-set of the national innovation system (NIS)) as a theoretical framework, with variables that were extracted from four major innovation theories. The study evaluated the fintech innovation sector in several commercial banks and government institutions in the Kingdom of Bahrain using a survey questionnaire. The data were collected from 119 respondents, and analyzed through partial least squares structural equation modelling(PLS-SEM). Findings: The results showed that knowledge creation, ICT infrastructure, and knowledge diffusion impacted innovation outputs through knowledge impact. Moreover, knowledge creation did not affect innovation outputs directly but through knowledge creation. Implications & Recommendations: The study would be invaluable for the financial managers of fintech industries in implementing strategies as well as for the policymakers in integrating financial technology innovations into the financial system. Contribution & Value Added: The study uniquely explains the role of knowledge impact between knowledge creation, ICT infrastructure, knowledge diffusion, and innovation outputs.
{"title":"Evaluating innovation performance for financial technology within the national innovation system: A case study of the Kingdom of Bahrain","authors":"Mohammed Al-Mannaei, O. Al-Jayyousi, Asif Mahmood, U. Dornberger, Noor Al-Jayousi","doi":"10.15678/eber.2023.110210","DOIUrl":"https://doi.org/10.15678/eber.2023.110210","url":null,"abstract":"Objective: This article aims to identify the role of ICT infrastructure and knowledge creation on innovation outcomes based on the technology innovation system (TIS) framework to stimulate innovation in financial technology (fintech) in Bahrain. Research Design & Methods: This study employed the framework of the technology innovation system (as a sub-set of the national innovation system (NIS)) as a theoretical framework, with variables that were extracted from four major innovation theories. The study evaluated the fintech innovation sector in several commercial banks and government institutions in the Kingdom of Bahrain using a survey questionnaire. The data were collected from 119 respondents, and analyzed through partial least squares structural equation modelling(PLS-SEM). Findings: The results showed that knowledge creation, ICT infrastructure, and knowledge diffusion impacted innovation outputs through knowledge impact. Moreover, knowledge creation did not affect innovation outputs directly but through knowledge creation. Implications & Recommendations: The study would be invaluable for the financial managers of fintech industries in implementing strategies as well as for the policymakers in integrating financial technology innovations into the financial system. Contribution & Value Added: The study uniquely explains the role of knowledge impact between knowledge creation, ICT infrastructure, knowledge diffusion, and innovation outputs.","PeriodicalId":11726,"journal":{"name":"Entrepreneurial Business and Economics Review","volume":null,"pages":null},"PeriodicalIF":3.8,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76177183","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-01DOI: 10.15678/eber.2023.110102
Omar Heredia-Portillo, Enrique Armas-Arévalos
{"title":"Explaining the international opportunity recognition with the qualitative comparative analysis: The role of dynamic capabilities self-efficacy and global mindset","authors":"Omar Heredia-Portillo, Enrique Armas-Arévalos","doi":"10.15678/eber.2023.110102","DOIUrl":"https://doi.org/10.15678/eber.2023.110102","url":null,"abstract":"","PeriodicalId":11726,"journal":{"name":"Entrepreneurial Business and Economics Review","volume":null,"pages":null},"PeriodicalIF":3.8,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74479686","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-01DOI: 10.15678/eber.2023.110208
Taufiq Arifin, A. Achsanta, Irwan Trinugroho
Objective: The objective of this article is to examine the value of academics as board members. Using upper echelons theory to explain how top management’s characteristics affect corporate decision-making, we particularly investigated whether academics as independent directors contribute to firm performance. More specifically, we further assessed whether this enhancing value for the firm remains in the long run. Moreover, this study also examined the monitoring role of academics as independent directors in reducing investment inefficiency. Research Design & Methods: This study used Indonesian non-financial listed firms covering the years 2007 through 2016 as our sample. We collect both financial and non-financial data from Indonesian Stock Exchange and firms’ annual reports. We eliminated firm-year observations where information is missing and left an unbalanced panel consisting of 2461 firm-year observations. To test our hypothesis empirically, we initially used OLS regression as well as GLS random effects and several robustness tests to mitigate any endogeneity concern, such as propensity score matching and Hainmueller entropy balancing. Furthermore, we used quantile regression to examine the relation effect of academic boards across the entire distribution of investment in-efficiency and also to mitigate the censoring problem. Findings: Empirically, we showed that firms with academics in board members, on average, have better firm performance. The results hold to a battery of robustness checks. The analysis also suggests that the enhancing values of academic board members remain in the long run. Interestingly, we further found that the enhancing value of academics is more pronounced in reducing high-level of investment inefficiency. Implications & Recommendations: Corporate governance literature offers upper echelons theory to explain how the top management’s characteristics affect corporate decision-making. Similar to various demographic characteristics, this study confirmed the upper echelons theory in exposing the advising and monitoring role of academic independent directors. Personal characteristics of board members predict the outcome of corporate decision-making, even in emerging countries such as Indonesia. Contribution & Value Added: This study shed light on the important role of academics as independent board members in delivering value for firms. Examining this issue in an emerging country such as Indonesia, where the corporate governance mechanism is more likely to be a rubber stamp, helps us highlight the actual value of hiring independent academic directors. Our evidence also contributes to the literature on the channel in which academics deliver value for firms by reducing investment inefficiency at the extreme level
{"title":"Do academics in the boardroom create value for firms?","authors":"Taufiq Arifin, A. Achsanta, Irwan Trinugroho","doi":"10.15678/eber.2023.110208","DOIUrl":"https://doi.org/10.15678/eber.2023.110208","url":null,"abstract":"Objective: The objective of this article is to examine the value of academics as board members. Using upper echelons theory to explain how top management’s characteristics affect corporate decision-making, we particularly investigated whether academics as independent directors contribute to firm performance. More specifically, we further assessed whether this enhancing value for the firm remains in the long run. Moreover, this study also examined the monitoring role of academics as independent directors in reducing investment inefficiency. Research Design & Methods: This study used Indonesian non-financial listed firms covering the years 2007 through 2016 as our sample. We collect both financial and non-financial data from Indonesian Stock Exchange and firms’ annual reports. We eliminated firm-year observations where information is missing and left an unbalanced panel consisting of 2461 firm-year observations. To test our hypothesis empirically, we initially used OLS regression as well as GLS random effects and several robustness tests to mitigate any endogeneity concern, such as propensity score matching and Hainmueller entropy balancing. Furthermore, we used quantile regression to examine the relation effect of academic boards across the entire distribution of investment in-efficiency and also to mitigate the censoring problem. Findings: Empirically, we showed that firms with academics in board members, on average, have better firm performance. The results hold to a battery of robustness checks. The analysis also suggests that the enhancing values of academic board members remain in the long run. Interestingly, we further found that the enhancing value of academics is more pronounced in reducing high-level of investment inefficiency. Implications & Recommendations: Corporate governance literature offers upper echelons theory to explain how the top management’s characteristics affect corporate decision-making. Similar to various demographic characteristics, this study confirmed the upper echelons theory in exposing the advising and monitoring role of academic independent directors. Personal characteristics of board members predict the outcome of corporate decision-making, even in emerging countries such as Indonesia. Contribution & Value Added: This study shed light on the important role of academics as independent board members in delivering value for firms. Examining this issue in an emerging country such as Indonesia, where the corporate governance mechanism is more likely to be a rubber stamp, helps us highlight the actual value of hiring independent academic directors. Our evidence also contributes to the literature on the channel in which academics deliver value for firms by reducing investment inefficiency at the extreme level","PeriodicalId":11726,"journal":{"name":"Entrepreneurial Business and Economics Review","volume":null,"pages":null},"PeriodicalIF":3.8,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74711025","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-01DOI: 10.15678/eber.2023.110209
Syed Aamir Alam Rizvi, M. Qureshi, Q. Ahmed, Mohsin Ali
{"title":"Being and becoming an entrepreneur: A narrative study on the development of entrepreneurial mindset in Pakistan","authors":"Syed Aamir Alam Rizvi, M. Qureshi, Q. Ahmed, Mohsin Ali","doi":"10.15678/eber.2023.110209","DOIUrl":"https://doi.org/10.15678/eber.2023.110209","url":null,"abstract":"","PeriodicalId":11726,"journal":{"name":"Entrepreneurial Business and Economics Review","volume":null,"pages":null},"PeriodicalIF":3.8,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74535052","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-01DOI: 10.15678/eber.2023.110205
Dede Kurnia, H. Mulyadi, H. Hendrayati, Z. Denan
{"title":"When does entrepreneurial bricolage mediate the effect of entrepreneurial orientation on new product development? The role of environmental dynamism as moderator","authors":"Dede Kurnia, H. Mulyadi, H. Hendrayati, Z. Denan","doi":"10.15678/eber.2023.110205","DOIUrl":"https://doi.org/10.15678/eber.2023.110205","url":null,"abstract":"","PeriodicalId":11726,"journal":{"name":"Entrepreneurial Business and Economics Review","volume":null,"pages":null},"PeriodicalIF":3.8,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80004303","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-01DOI: 10.15678/eber.2023.110110
E. Horská, S. Moroz, J. Palkovič
{"title":"Determinants of export activities in Ukrainian regions in the pre-conflict and the first-stage conflict periods","authors":"E. Horská, S. Moroz, J. Palkovič","doi":"10.15678/eber.2023.110110","DOIUrl":"https://doi.org/10.15678/eber.2023.110110","url":null,"abstract":"","PeriodicalId":11726,"journal":{"name":"Entrepreneurial Business and Economics Review","volume":null,"pages":null},"PeriodicalIF":3.8,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76086867","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-01DOI: 10.15678/eber.2023.110103
Napatsaporn Niyawanont
Objective: This research aims to develop the constructs and to study the causal relationship between start-up entrepreneurship (SUE), disruptive business models (DBM), and firm performance (FPF) of start-ups in Thailand. Research Design & Methods: A quantitative research, a total of 186 samples from start-ups in Thailand. Data were collected by using online questionnaires with an entrepreneur/start-up founder/co-founder per company. The data were analysed through structural equation modelling. Findings: The new dimensions of SUE, DBM, and FPF reach a decent level of structural credibility and are suitable for measurement. SUE and DBM had a positive influence on FPF, while SUE had a positive influence on DBM as well. Implications & Recommendations: The results could be used to advance the potential of start-up entrepreneurs, strengthen the existing business model, or decide to develop a new business model that could develop brand new products/services in the markets to meet customer needs that change with technology advancements. Contribution & Value Added: The dimensions of the newly developed SUE, DBM, and FPF could be developed dynamically. These new dimensions have contributed to SUE acting as a mechanism of DBM development. The finding show that the new dimensions could be used to develop start-ups;to begin with, the new business model generation, technology-driven products/services development to meet the customer needs and seeking investors network. Thus, the impact of DBM will be strengthened, and the impact of FPF can gain a competitive advantage and improve profitability, as start-ups introduce a new business model with technological innovation that will redefine industries and restructure the economy.
{"title":"The influence of start-up entrepreneurship and disruptive business model on firm performance","authors":"Napatsaporn Niyawanont","doi":"10.15678/eber.2023.110103","DOIUrl":"https://doi.org/10.15678/eber.2023.110103","url":null,"abstract":"Objective: This research aims to develop the constructs and to study the causal relationship between start-up entrepreneurship (SUE), disruptive business models (DBM), and firm performance (FPF) of start-ups in Thailand. Research Design & Methods: A quantitative research, a total of 186 samples from start-ups in Thailand. Data were collected by using online questionnaires with an entrepreneur/start-up founder/co-founder per company. The data were analysed through structural equation modelling. Findings: The new dimensions of SUE, DBM, and FPF reach a decent level of structural credibility and are suitable for measurement. SUE and DBM had a positive influence on FPF, while SUE had a positive influence on DBM as well. Implications & Recommendations: The results could be used to advance the potential of start-up entrepreneurs, strengthen the existing business model, or decide to develop a new business model that could develop brand new products/services in the markets to meet customer needs that change with technology advancements. Contribution & Value Added: The dimensions of the newly developed SUE, DBM, and FPF could be developed dynamically. These new dimensions have contributed to SUE acting as a mechanism of DBM development. The finding show that the new dimensions could be used to develop start-ups;to begin with, the new business model generation, technology-driven products/services development to meet the customer needs and seeking investors network. Thus, the impact of DBM will be strengthened, and the impact of FPF can gain a competitive advantage and improve profitability, as start-ups introduce a new business model with technological innovation that will redefine industries and restructure the economy.","PeriodicalId":11726,"journal":{"name":"Entrepreneurial Business and Economics Review","volume":null,"pages":null},"PeriodicalIF":3.8,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87479895","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}