Pub Date : 2021-01-02DOI: 10.1080/10599231.2021.1866398
Rashid Ameer, Radiah Othman
ABSTRACT We examine the impact of managing working capital on financial performance in New Zealand over the period of 2005 to 2017. Our empirical analysis provides evidence of a nonlinear relationship between working-capital management and financial performance. In addition, our finding seems to suggest that a cost leadership strategy firm is more efficient at managing working capital than a differentiation strategy firm. Specifically, our findings imply that managers of the firms with a cost-leadership strategy created more value by reducing net-trade cycle by 40 days. Our research has implications for managing trade receivables and inventories given their importance for firms’ survival.
{"title":"The Impact of Working Capital Management on Financial Performance of Cost Leadership and Differentiation Strategy Firms in Different Business Cycles: Evidence from New Zealand","authors":"Rashid Ameer, Radiah Othman","doi":"10.1080/10599231.2021.1866398","DOIUrl":"https://doi.org/10.1080/10599231.2021.1866398","url":null,"abstract":"ABSTRACT We examine the impact of managing working capital on financial performance in New Zealand over the period of 2005 to 2017. Our empirical analysis provides evidence of a nonlinear relationship between working-capital management and financial performance. In addition, our finding seems to suggest that a cost leadership strategy firm is more efficient at managing working capital than a differentiation strategy firm. Specifically, our findings imply that managers of the firms with a cost-leadership strategy created more value by reducing net-trade cycle by 40 days. Our research has implications for managing trade receivables and inventories given their importance for firms’ survival.","PeriodicalId":15043,"journal":{"name":"Journal of Asia-Pacific Business","volume":"22 1","pages":"39 - 57"},"PeriodicalIF":0.0,"publicationDate":"2021-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10599231.2021.1866398","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45758592","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 : 2021-01-02DOI: 10.1080/10599231.2021.1866402
Siddharth Yata, Fiona Hurd
ABSTRACT Due to knowledge and resource constraints, collaboration is often part of the SME internationalization process. Often, these collaborations involve a larger partner organization. Perceptions of the SME in collaboration are understudied, particularly in relation to unequal size. This research presents case studies of three New Zealand SMEs who engage in international collaboration with larger partners. Although there are benefits gained in collaborating with larger firms, SMEs face challenges managing these partnerships. However, it the strategic use of informal relationships helped to overcome the challenges of size difference. These aspects of informal relationship management represent a theoretical contribution.
{"title":"‘Keep Your Friends Close’: The Role of Informality in the Management of Unequal-sized Collaboration for NZ SMEs","authors":"Siddharth Yata, Fiona Hurd","doi":"10.1080/10599231.2021.1866402","DOIUrl":"https://doi.org/10.1080/10599231.2021.1866402","url":null,"abstract":"ABSTRACT Due to knowledge and resource constraints, collaboration is often part of the SME internationalization process. Often, these collaborations involve a larger partner organization. Perceptions of the SME in collaboration are understudied, particularly in relation to unequal size. This research presents case studies of three New Zealand SMEs who engage in international collaboration with larger partners. Although there are benefits gained in collaborating with larger firms, SMEs face challenges managing these partnerships. However, it the strategic use of informal relationships helped to overcome the challenges of size difference. These aspects of informal relationship management represent a theoretical contribution.","PeriodicalId":15043,"journal":{"name":"Journal of Asia-Pacific Business","volume":"22 1","pages":"84 - 104"},"PeriodicalIF":0.0,"publicationDate":"2021-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10599231.2021.1866402","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44031251","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 : 2021-01-02DOI: 10.1080/10599231.2021.1866401
R. Hayter, D. Edgington
ABSTRACT This paper analyzes the evolutionary trajectory of the Panasonic Corporation in China during the past 40 years from a liability of foreignness (LOF) perspective. Conceptually, the LOF is interpreted as dynamic processes that occur on entry and subsequently as a result of interactions in corporate strategy, host country policies and local rivalries. For Panasonic in China these interactions are highlighted through three distinct phases, involving LOF on entry and in two subsequent post-entry periods. This evolution has seen Panasonic becoming increasingly embedded in China in terms of decision-making, innovation, marketing and supply networks.
{"title":"Panasonic in China: A Search to Overcome the Liability of Foreignness","authors":"R. Hayter, D. Edgington","doi":"10.1080/10599231.2021.1866401","DOIUrl":"https://doi.org/10.1080/10599231.2021.1866401","url":null,"abstract":"ABSTRACT This paper analyzes the evolutionary trajectory of the Panasonic Corporation in China during the past 40 years from a liability of foreignness (LOF) perspective. Conceptually, the LOF is interpreted as dynamic processes that occur on entry and subsequently as a result of interactions in corporate strategy, host country policies and local rivalries. For Panasonic in China these interactions are highlighted through three distinct phases, involving LOF on entry and in two subsequent post-entry periods. This evolution has seen Panasonic becoming increasingly embedded in China in terms of decision-making, innovation, marketing and supply networks.","PeriodicalId":15043,"journal":{"name":"Journal of Asia-Pacific Business","volume":"22 1","pages":"58 - 83"},"PeriodicalIF":0.0,"publicationDate":"2021-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10599231.2021.1866401","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"59714449","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 : 2021-01-02DOI: 10.1080/10599231.2021.1866396
Debasis Pahi, I. Yadav
ABSTRACT This paper investigates the dividend behavior of 5,785 non-financial non-utility non-government listed Indian firms during 1990–2016 using trend and econometric analysis. It is found that the dividend distribution tax is suppressing dividends whereas improved corporate governance norms are increasing dividends. The evidence suggests that cash dividends are preferred more than share-repurchases and firms either increase or maintain stable dividends. Further, a concentration of dividends by the Indian firms is observed. The firms that are profitable, large and have lesser investment opportunities exhibit a higher propensity to pay dividends. Logit regression estimates suggest an appearing, disappearing, and reappearing trend of dividends.
{"title":"Dividend Behavior of Indian Firms: New Evidence from Large Data Set","authors":"Debasis Pahi, I. Yadav","doi":"10.1080/10599231.2021.1866396","DOIUrl":"https://doi.org/10.1080/10599231.2021.1866396","url":null,"abstract":"ABSTRACT This paper investigates the dividend behavior of 5,785 non-financial non-utility non-government listed Indian firms during 1990–2016 using trend and econometric analysis. It is found that the dividend distribution tax is suppressing dividends whereas improved corporate governance norms are increasing dividends. The evidence suggests that cash dividends are preferred more than share-repurchases and firms either increase or maintain stable dividends. Further, a concentration of dividends by the Indian firms is observed. The firms that are profitable, large and have lesser investment opportunities exhibit a higher propensity to pay dividends. Logit regression estimates suggest an appearing, disappearing, and reappearing trend of dividends.","PeriodicalId":15043,"journal":{"name":"Journal of Asia-Pacific Business","volume":"22 1","pages":"4 - 38"},"PeriodicalIF":0.0,"publicationDate":"2021-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10599231.2021.1866396","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45104092","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 : 2020-10-01DOI: 10.1080/10599231.2020.1824523
J. Hanaysha
ABSTRACT The purpose of this article was to examine the impact of innovation capabilities and authentic leadership on firm performance in the banking sector. A quantitative approach was employed in this study for collecting data from 220 employees of several banks in the east coast of Malaysia using a survey method. To analyze the data and reach conclusions, SPSS and structural equation modeling (AMOS) were used. The results showed that product innovation and service innovation have significant positive effects on firm performance. Furthermore, the outcomes confirmed that process and marketing innovations play important roles in affecting firm performance. Finally, the results revealed that authentic leadership has a significant positive effect on firm performance. The outcome increases our understanding with regards to the role of innovation capabilities and authentic leadership in affecting firm performance in the banking sector.
{"title":"Innovation Capabilities and Authentic Leadership: Do They Really Matter to Firm Performance?","authors":"J. Hanaysha","doi":"10.1080/10599231.2020.1824523","DOIUrl":"https://doi.org/10.1080/10599231.2020.1824523","url":null,"abstract":"ABSTRACT The purpose of this article was to examine the impact of innovation capabilities and authentic leadership on firm performance in the banking sector. A quantitative approach was employed in this study for collecting data from 220 employees of several banks in the east coast of Malaysia using a survey method. To analyze the data and reach conclusions, SPSS and structural equation modeling (AMOS) were used. The results showed that product innovation and service innovation have significant positive effects on firm performance. Furthermore, the outcomes confirmed that process and marketing innovations play important roles in affecting firm performance. Finally, the results revealed that authentic leadership has a significant positive effect on firm performance. The outcome increases our understanding with regards to the role of innovation capabilities and authentic leadership in affecting firm performance in the banking sector.","PeriodicalId":15043,"journal":{"name":"Journal of Asia-Pacific Business","volume":"21 1","pages":"271 - 290"},"PeriodicalIF":0.0,"publicationDate":"2020-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10599231.2020.1824523","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48643594","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 : 2020-10-01DOI: 10.1080/10599231.2020.1824522
Jennifer A. Pope, B. Koch, Pamela Tremain Koch
ABSTRACT We examine the changing attitudes toward genuine and counterfeit luxury goods in China that influence the choice between purchasing fake vs. genuine luxury goods. A questionnaire is used to collect data from Chinese college students in two different cities in China. Exploratory factor analysis and logit models are used to explore perceptions and purchasing patterns of college-aged Chinese consumers with regards to genuine luxury goods. We find that having a positive attitude toward China is associated with owning genuine luxury goods whereas being fashion oriented has the opposite effect.
{"title":"Choosing between Genuine Luxury Products and Counterfeits in China","authors":"Jennifer A. Pope, B. Koch, Pamela Tremain Koch","doi":"10.1080/10599231.2020.1824522","DOIUrl":"https://doi.org/10.1080/10599231.2020.1824522","url":null,"abstract":"ABSTRACT We examine the changing attitudes toward genuine and counterfeit luxury goods in China that influence the choice between purchasing fake vs. genuine luxury goods. A questionnaire is used to collect data from Chinese college students in two different cities in China. Exploratory factor analysis and logit models are used to explore perceptions and purchasing patterns of college-aged Chinese consumers with regards to genuine luxury goods. We find that having a positive attitude toward China is associated with owning genuine luxury goods whereas being fashion oriented has the opposite effect.","PeriodicalId":15043,"journal":{"name":"Journal of Asia-Pacific Business","volume":"21 1","pages":"246 - 270"},"PeriodicalIF":0.0,"publicationDate":"2020-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10599231.2020.1824522","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43096550","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 : 2020-10-01DOI: 10.1080/10599231.2020.1831274
N. Kengatharan, L. Kengatharan, Muthucumaraswamy Thileepan
ABSTRACT Anchored in the behavioral life-cycle model, the life-cycle consumption model, and the utility theory, we propose a new model that examines the channel through which financial literacy impacts on financial satisfaction. The data were gleaned with a self-administrated questionnaire from individual investors. The results disclose that financial planning mediates the relationship between financial literacy and financial satisfaction, and further, reveal that the moderating role of gender of the relationship between financial planning and financial satisfaction. Our study contributes to the frontiers of extant literature and proffers many useful practical implications and thus, from a policy perspective, our findings are crucial.
{"title":"Literacy is power and transforms lives: Channelling the relationship between financial literacy and financial satisfaction","authors":"N. Kengatharan, L. Kengatharan, Muthucumaraswamy Thileepan","doi":"10.1080/10599231.2020.1831274","DOIUrl":"https://doi.org/10.1080/10599231.2020.1831274","url":null,"abstract":"ABSTRACT Anchored in the behavioral life-cycle model, the life-cycle consumption model, and the utility theory, we propose a new model that examines the channel through which financial literacy impacts on financial satisfaction. The data were gleaned with a self-administrated questionnaire from individual investors. The results disclose that financial planning mediates the relationship between financial literacy and financial satisfaction, and further, reveal that the moderating role of gender of the relationship between financial planning and financial satisfaction. Our study contributes to the frontiers of extant literature and proffers many useful practical implications and thus, from a policy perspective, our findings are crucial.","PeriodicalId":15043,"journal":{"name":"Journal of Asia-Pacific Business","volume":"21 1","pages":"315 - 335"},"PeriodicalIF":0.0,"publicationDate":"2020-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10599231.2020.1831274","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43333717","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 : 2020-10-01DOI: 10.1080/10599231.2020.1824521
R. Ajami
COVID-19 has visited significant health-care challenges on the global society. Availability of medical supplies, as well as shortages of medical personnel and practitioners are some of these challe...
{"title":"Corporate Global Strategies for Asia-Pacific Enterprises: In Between Synergy and Decoupling","authors":"R. Ajami","doi":"10.1080/10599231.2020.1824521","DOIUrl":"https://doi.org/10.1080/10599231.2020.1824521","url":null,"abstract":"COVID-19 has visited significant health-care challenges on the global society. Availability of medical supplies, as well as shortages of medical personnel and practitioners are some of these challe...","PeriodicalId":15043,"journal":{"name":"Journal of Asia-Pacific Business","volume":"21 1","pages":"243 - 245"},"PeriodicalIF":0.0,"publicationDate":"2020-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10599231.2020.1824521","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45842548","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 : 2020-10-01DOI: 10.1080/10599231.2020.1824525
Keshab Ray, Meenakshi Sharma
ABSTRACT The purpose of this article is to discover the antecedents of brand strength and analyze its impact on global branding. The present research examines the impact of brand strength on global branding by developing a conceptual framework of antecedents and outcomes of brand strength by testing, refining, and extending the existing theory of Interbrand’s brand strength. The survey was conducted with a sample size of 275 IT customers of major IT organizations. The analysis provides insights as to how the predicted outcomes of brand strength can lead to global branding. Other Asian developing countries can learn lessons from India’s experience and can develop IT capabilities.
{"title":"Antecedents of Brand Strength and Its Impact on Global Branding of Indian IT Organizations","authors":"Keshab Ray, Meenakshi Sharma","doi":"10.1080/10599231.2020.1824525","DOIUrl":"https://doi.org/10.1080/10599231.2020.1824525","url":null,"abstract":"ABSTRACT The purpose of this article is to discover the antecedents of brand strength and analyze its impact on global branding. The present research examines the impact of brand strength on global branding by developing a conceptual framework of antecedents and outcomes of brand strength by testing, refining, and extending the existing theory of Interbrand’s brand strength. The survey was conducted with a sample size of 275 IT customers of major IT organizations. The analysis provides insights as to how the predicted outcomes of brand strength can lead to global branding. Other Asian developing countries can learn lessons from India’s experience and can develop IT capabilities.","PeriodicalId":15043,"journal":{"name":"Journal of Asia-Pacific Business","volume":"21 1","pages":"291 - 313"},"PeriodicalIF":0.0,"publicationDate":"2020-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10599231.2020.1824525","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45575273","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}
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