Pub Date : 2024-08-08DOI: 10.1177/22779752241256767
Maneesha Singh, Tanuj Nandan
This study aims to examine how impulsivity is related to mental accounting in individual investors and to test whether gender moderates the relationship between the three types of impulsivities and mental accounting. Structural equation modelling was adopted to establish the impact of three types of impulsivities towards mental accounting. Construct reliability and validity were checked by Confirmatory Factor Analysis using Analysis of Moment Structures (AMOS) software. Multi-group analysis was also performed using AMOS 23. The level of mental accounting in participants was negatively correlated with non-planning impulsivity. However, gender differences were observed in the multi-group analysis. Gender significantly moderated the relationship between attentional impulsivity and mental accounting as well as between motor impulsivity and mental accounting. This study has practical implications on financial advisors and government, who can take individual differences in socio-demography and psychology into account while designing financial products and tools for money management. Since governments also have a major role in spreading financial literacy and awareness to improve the financial well-being of their citizens, individual differences in mental accounting are an important aspect that need to be studied and dealt with and this study will provide a preliminary foresight into these differences. This study may further help Asset Management Companies in customizing and engineering financial products according to the distinct needs of every individual. This study offers empirical insights into the mind of investors’ behaviour regarding mental accounting. There have been very few attempts to investigate individual variations in mental accounting and their causes. No previous study as per the knowledge of the authors has been conducted so far to empirically examine the impact of impulsivity on mental accounting in an emerging economy and the role of gender differences therein, and this study strives to fill this research gap.
{"title":"Investor Impulsivity and Mental Accounting: A Gender-Centric Investigation","authors":"Maneesha Singh, Tanuj Nandan","doi":"10.1177/22779752241256767","DOIUrl":"https://doi.org/10.1177/22779752241256767","url":null,"abstract":"This study aims to examine how impulsivity is related to mental accounting in individual investors and to test whether gender moderates the relationship between the three types of impulsivities and mental accounting. Structural equation modelling was adopted to establish the impact of three types of impulsivities towards mental accounting. Construct reliability and validity were checked by Confirmatory Factor Analysis using Analysis of Moment Structures (AMOS) software. Multi-group analysis was also performed using AMOS 23. The level of mental accounting in participants was negatively correlated with non-planning impulsivity. However, gender differences were observed in the multi-group analysis. Gender significantly moderated the relationship between attentional impulsivity and mental accounting as well as between motor impulsivity and mental accounting. This study has practical implications on financial advisors and government, who can take individual differences in socio-demography and psychology into account while designing financial products and tools for money management. Since governments also have a major role in spreading financial literacy and awareness to improve the financial well-being of their citizens, individual differences in mental accounting are an important aspect that need to be studied and dealt with and this study will provide a preliminary foresight into these differences. This study may further help Asset Management Companies in customizing and engineering financial products according to the distinct needs of every individual. This study offers empirical insights into the mind of investors’ behaviour regarding mental accounting. There have been very few attempts to investigate individual variations in mental accounting and their causes. No previous study as per the knowledge of the authors has been conducted so far to empirically examine the impact of impulsivity on mental accounting in an emerging economy and the role of gender differences therein, and this study strives to fill this research gap.","PeriodicalId":190206,"journal":{"name":"IIM Kozhikode Society & Management Review","volume":"2 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-08-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141927753","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 : 2024-06-11DOI: 10.1177/22779752241255853
Rajat Deb
The Supreme Court (SC), on 16 October 2023, observed that licence fees paid by telecom companies under the New Telecom Policy 1999 would be a capital expenditure under section 35ABB of the Income Tax Act, 1961. Quashing the judgments of high courts of Delhi, Bombay and Karnataka, the SC ruled that the nomenclature and mode of payment have no relevance as such payment relates to the licence fee, an integral part of the licence agreement to remain in the business. It ruled under the New Telecom Policy 1999 that there is no basis to reclassify the variable portion of the licence fee as revenue expenditure; instead, both fixed and variable fees are homogeneous and are capital expenditures. Moreover, a single transaction cannot be artificially bifurcated into capital and revenue components by mere consideration of payment mode, posing a challenge for the sector already confronting significant financial stress. However, the Telecommunication Act enacted in December 2023 attempts to address multiple challenges of the sector, but grey areas still need to be addressed, which could lead to future litigation. Against those backdrops, the study attempts to assess the impact of the ruling connecting with the New Act on the sector.
{"title":"Revisiting the Scope of Section 35ABB of the Income Tax Act","authors":"Rajat Deb","doi":"10.1177/22779752241255853","DOIUrl":"https://doi.org/10.1177/22779752241255853","url":null,"abstract":"The Supreme Court (SC), on 16 October 2023, observed that licence fees paid by telecom companies under the New Telecom Policy 1999 would be a capital expenditure under section 35ABB of the Income Tax Act, 1961. Quashing the judgments of high courts of Delhi, Bombay and Karnataka, the SC ruled that the nomenclature and mode of payment have no relevance as such payment relates to the licence fee, an integral part of the licence agreement to remain in the business. It ruled under the New Telecom Policy 1999 that there is no basis to reclassify the variable portion of the licence fee as revenue expenditure; instead, both fixed and variable fees are homogeneous and are capital expenditures. Moreover, a single transaction cannot be artificially bifurcated into capital and revenue components by mere consideration of payment mode, posing a challenge for the sector already confronting significant financial stress. However, the Telecommunication Act enacted in December 2023 attempts to address multiple challenges of the sector, but grey areas still need to be addressed, which could lead to future litigation. Against those backdrops, the study attempts to assess the impact of the ruling connecting with the New Act on the sector.","PeriodicalId":190206,"journal":{"name":"IIM Kozhikode Society & Management Review","volume":"26 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141357249","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 : 2024-05-21DOI: 10.1177/22779752241244878
Mohd Rizuan Abdul Kadir, Abdul rahim saleh Ibrahim AlBalushi, Sarfaraz Javed
This study investigates the relationship between institutional pressures (IP) and sustainable business performance (SP) within Oman’s industrial sector, emphasizing on the mediating role of environmental management accounting (EMA). Drawing from the institutional theory, a sample of 307 respondents from Oman-based manufacturing firms listed on the Muscat Stock Exchange was considered. Data were gathered via an online questionnaire directed at accounting and finance professionals, with an impressive response rate of 96%. Using structural equation modelling through SPSS and AMOS, the analysis revealed that coercive pressure has a positive yet insignificant influence on SP, while normative pressure significantly correlates with SP. Additionally, while most dimensions of IP positively influence EMA, normative pressure was found to have no significant relationship with EMA. The results further confirm the significant positive impact of EMA on SP. This study underscores the pivotal role of EMA in fostering a sustainable business environment in Oman, accentuating the need for environment-friendly policies driven by IP.
本研究调查了阿曼工业部门的制度压力（IP）与可持续经营绩效（SP）之间的关系，并强调了环境管理会计（EMA）的中介作用。研究以制度理论为基础，从马斯喀特证券交易所上市的阿曼制造企业中抽取了 307 名受访者作为样本。数据是通过针对会计和财务专业人员的在线问卷收集的，回复率高达 96%。通过 SPSS 和 AMOS 使用结构方程模型进行分析后发现，胁迫性压力对 SP 有积极但不显著的影响，而规范性压力与 SP 显著相关。此外，虽然 IP 的大多数维度对 EMA 有积极影响，但规范压力与 EMA 没有明显关系。研究结果进一步证实了 EMA 对 SP 的积极影响。本研究强调了 EMA 在促进阿曼可持续商业环境中的关键作用，突出了以知识产权为驱动力的环境友好型政策的必要性。
{"title":"Institutional Pressure and Business Sustainable Performance: Does Environmental Management Accounting Matter?","authors":"Mohd Rizuan Abdul Kadir, Abdul rahim saleh Ibrahim AlBalushi, Sarfaraz Javed","doi":"10.1177/22779752241244878","DOIUrl":"https://doi.org/10.1177/22779752241244878","url":null,"abstract":"This study investigates the relationship between institutional pressures (IP) and sustainable business performance (SP) within Oman’s industrial sector, emphasizing on the mediating role of environmental management accounting (EMA). Drawing from the institutional theory, a sample of 307 respondents from Oman-based manufacturing firms listed on the Muscat Stock Exchange was considered. Data were gathered via an online questionnaire directed at accounting and finance professionals, with an impressive response rate of 96%. Using structural equation modelling through SPSS and AMOS, the analysis revealed that coercive pressure has a positive yet insignificant influence on SP, while normative pressure significantly correlates with SP. Additionally, while most dimensions of IP positively influence EMA, normative pressure was found to have no significant relationship with EMA. The results further confirm the significant positive impact of EMA on SP. This study underscores the pivotal role of EMA in fostering a sustainable business environment in Oman, accentuating the need for environment-friendly policies driven by IP.","PeriodicalId":190206,"journal":{"name":"IIM Kozhikode Society & Management Review","volume":"5 11","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141114610","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 : 2023-12-06DOI: 10.1177/22779752231203847
Ece Zeybek Yilmaz, Ayhan Bayram
The objective of this study is to investigate the regulatory role of organizational identification in the effect of pygmalion on cyberslacking behaviour in five-star hotel business employees. A survey consisting of three different scales was administered to measure pygmalion, cyberslacking behaviour and organizational identification. Participants were asked to answer 4 questions about demographic factors, 10 questions about pygmalion, 14 questions about cyberslacking and 7 questions about organizational identification. The data obtained from 254 employees using convenience sampling and face-to-face survey methods were analysed using SPSS, SPSS Process and Amos software. The study found that when hotel employees have a low level of organizational identification, pygmalion does not significantly impact their cyberslacking behaviour. However, when organizational identification is medium or high, pygmalion has a significant negative effect on cyberslacking behaviour. According to result of the analysis, the effect of pygmalion on cyberslacking behaviour is regulatory by the level of organizational identification.
{"title":"The Regulatory Role of Organizational Identification in the Effect of Pygmalion on the Cyberslacking Behaviour of Hotel Businesses Employees","authors":"Ece Zeybek Yilmaz, Ayhan Bayram","doi":"10.1177/22779752231203847","DOIUrl":"https://doi.org/10.1177/22779752231203847","url":null,"abstract":"The objective of this study is to investigate the regulatory role of organizational identification in the effect of pygmalion on cyberslacking behaviour in five-star hotel business employees. A survey consisting of three different scales was administered to measure pygmalion, cyberslacking behaviour and organizational identification. Participants were asked to answer 4 questions about demographic factors, 10 questions about pygmalion, 14 questions about cyberslacking and 7 questions about organizational identification. The data obtained from 254 employees using convenience sampling and face-to-face survey methods were analysed using SPSS, SPSS Process and Amos software. The study found that when hotel employees have a low level of organizational identification, pygmalion does not significantly impact their cyberslacking behaviour. However, when organizational identification is medium or high, pygmalion has a significant negative effect on cyberslacking behaviour. According to result of the analysis, the effect of pygmalion on cyberslacking behaviour is regulatory by the level of organizational identification.","PeriodicalId":190206,"journal":{"name":"IIM Kozhikode Society & Management Review","volume":"47 8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138595016","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 : 2023-12-01DOI: 10.1177/22779752231204194
Archana Parashar, Meeta Baid, Mrunal Chavda
Sustainable Development Goals (SDGs) are evidence of the imbalance of human’s exploitation of nature through irresponsible consumption. This study has two purposes. First, it analyses how short stories and critical theories such as bioregionalism and ecocriticism can sensitize B-School learners to establish and sustain a lost relationship with nature. Second, it examines how establishing and reviving a solid relationship between purusha [human beings] and prakriti [nature] can help achieve SDGs through literature. To achieve these two aims, we critically examine Ruskin Bond’s short stories by employing the concept of bioregionalism. Our interpretation of the text and analysis of these stories showed strong connections between Bond’s short stories, bioregionalism and sensitizing readers. It was observed that if students are exposed to consuming such literature in their natural surroundings, it can increase their zeal to achieve SDGs. Incorporating literature in management education can raise awareness of responsible consumption as personal social responsibility.
{"title":"Creating Awareness for Sustainable Goals: Reading Ruskin Bond’s Short Stories Through Bioregionalism Lenses","authors":"Archana Parashar, Meeta Baid, Mrunal Chavda","doi":"10.1177/22779752231204194","DOIUrl":"https://doi.org/10.1177/22779752231204194","url":null,"abstract":"Sustainable Development Goals (SDGs) are evidence of the imbalance of human’s exploitation of nature through irresponsible consumption. This study has two purposes. First, it analyses how short stories and critical theories such as bioregionalism and ecocriticism can sensitize B-School learners to establish and sustain a lost relationship with nature. Second, it examines how establishing and reviving a solid relationship between purusha [human beings] and prakriti [nature] can help achieve SDGs through literature. To achieve these two aims, we critically examine Ruskin Bond’s short stories by employing the concept of bioregionalism. Our interpretation of the text and analysis of these stories showed strong connections between Bond’s short stories, bioregionalism and sensitizing readers. It was observed that if students are exposed to consuming such literature in their natural surroundings, it can increase their zeal to achieve SDGs. Incorporating literature in management education can raise awareness of responsible consumption as personal social responsibility.","PeriodicalId":190206,"journal":{"name":"IIM Kozhikode Society & Management Review","volume":"11 1‐2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138626251","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 : 2023-09-01DOI: 10.1177/22779752231170921
Bipasha Ray, L. Ramprasath
The static nature of the downside protection offered by a standard Put option can motivate investors to use exotic option contracts like dynamic fund protection (DFP), which protects the underlying asset value throughout its life. DFP has a path-dependent payoff structure with its terminal payoff depending on the terminal asset price, the strike price and the minimum price level attained by the asset over the contract tenor. This makes DFP a contract strikingly similar to a Lookback Call option. In this article, we try to borrow the respective strengths from a dynamic and a static hedging strategy, formulate a semi-static hedging procedure for DFP and compare the hedging effectiveness of this procedure with a standard delta hedging strategy. Given the payoff resemblance between a DFP and a Lookback Call, we also seek to verify Tompkins (2002, Journal of Risk Finance, 3(4), 6–34) conclusion, which objectively shows that a dynamic procedure performs better in hedging a Lookback Call option both with and without transaction cost. Using simulated underlying price paths, we perform the delta hedging on DFP based on the closed-form pricing formula given by Gerber and Pafumi (2000, North American Actuarial Journal, 4(2), 28–37) and compare the hedge performance results with its static hedge counterpart.
标准看跌期权提供的下行保护的静态特性可以激励投资者使用动态基金保护(DFP)等特殊期权合约，该合约在整个生命周期内保护标的资产价值。DFP具有路径依赖的支付结构，其终端支付取决于终端资产价格、执行价格和资产在合同期限内达到的最低价格水平。这使得DFP成为一个与回看看涨期权惊人相似的合约。在本文中，我们试图借用动态和静态套期保值策略各自的优势，制定了DFP的半静态套期保值程序，并将该程序的套期保值效果与标准delta套期保值策略进行了比较。鉴于DFP和回看期权之间的收益相似性，我们也试图验证汤普金斯(2002,Journal of Risk Finance, 3(4)， 6-34)的结论，该结论客观地表明动态过程在有交易成本和没有交易成本的情况下都能更好地对冲回看期权。利用模拟的基础价格路径，我们基于Gerber和paafumi (2000, North American Actuarial Journal, 4(2)， 28-37)给出的封闭式定价公式对DFP进行delta对冲，并将对冲绩效结果与静态对冲结果进行比较。
{"title":"Hedging Dynamic Fund Protection: A Static Versus Dynamic Comparison","authors":"Bipasha Ray, L. Ramprasath","doi":"10.1177/22779752231170921","DOIUrl":"https://doi.org/10.1177/22779752231170921","url":null,"abstract":"The static nature of the downside protection offered by a standard Put option can motivate investors to use exotic option contracts like dynamic fund protection (DFP), which protects the underlying asset value throughout its life. DFP has a path-dependent payoff structure with its terminal payoff depending on the terminal asset price, the strike price and the minimum price level attained by the asset over the contract tenor. This makes DFP a contract strikingly similar to a Lookback Call option. In this article, we try to borrow the respective strengths from a dynamic and a static hedging strategy, formulate a semi-static hedging procedure for DFP and compare the hedging effectiveness of this procedure with a standard delta hedging strategy. Given the payoff resemblance between a DFP and a Lookback Call, we also seek to verify Tompkins (2002, Journal of Risk Finance, 3(4), 6–34) conclusion, which objectively shows that a dynamic procedure performs better in hedging a Lookback Call option both with and without transaction cost. Using simulated underlying price paths, we perform the delta hedging on DFP based on the closed-form pricing formula given by Gerber and Pafumi (2000, North American Actuarial Journal, 4(2), 28–37) and compare the hedge performance results with its static hedge counterpart.","PeriodicalId":190206,"journal":{"name":"IIM Kozhikode Society & Management Review","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128747179","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 : 2023-08-22DOI: 10.1177/22779752231170922
Ashutosh Sarkar, Debadyuti Das, Arindam Debroy
The present study attempts to investigate the impact of the locational restriction imposed by the government, restricted mobility of the people and supply disruption at the customer interface arising out of COVID-19 on panic buying, product substitution and channel-shifting behaviour of consumers. A questionnaire survey was carried out to seek responses from Indian consumers on the items representing the above components on a 5-point Likert scale. A total of 425 usable responses were analysed using the structural equation modelling considering locational restriction and supply disruption at the customer interface as exogenous variables, difficulty in accessibility as a mediating variable, and panic buying and product substitution as endogenous variables. Further, the channel-shifting behaviour of consumers was investigated for different channels across different product categories during the lockdown. The study reveals that supply disruption at the customer interface has a significant influence on product substitution and panic buying behaviour. It was also observed that there has been a significant decrease in the use of traditional retail chains for staple food items post lockdown. The insights drawn from the study are useful for managers in designing appropriate channel strategies when faced with disruptions caused by a pandemic.
{"title":"Panic Buying, Product Substitution and Channel-Shifting Behaviour During Pandemic","authors":"Ashutosh Sarkar, Debadyuti Das, Arindam Debroy","doi":"10.1177/22779752231170922","DOIUrl":"https://doi.org/10.1177/22779752231170922","url":null,"abstract":"The present study attempts to investigate the impact of the locational restriction imposed by the government, restricted mobility of the people and supply disruption at the customer interface arising out of COVID-19 on panic buying, product substitution and channel-shifting behaviour of consumers. A questionnaire survey was carried out to seek responses from Indian consumers on the items representing the above components on a 5-point Likert scale. A total of 425 usable responses were analysed using the structural equation modelling considering locational restriction and supply disruption at the customer interface as exogenous variables, difficulty in accessibility as a mediating variable, and panic buying and product substitution as endogenous variables. Further, the channel-shifting behaviour of consumers was investigated for different channels across different product categories during the lockdown. The study reveals that supply disruption at the customer interface has a significant influence on product substitution and panic buying behaviour. It was also observed that there has been a significant decrease in the use of traditional retail chains for staple food items post lockdown. The insights drawn from the study are useful for managers in designing appropriate channel strategies when faced with disruptions caused by a pandemic.","PeriodicalId":190206,"journal":{"name":"IIM Kozhikode Society & Management Review","volume":"412 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124398667","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 : 2023-05-19DOI: 10.1177/22779752231166186
C. Shri, Aastha Verma, G. Gupta, Rajeev Kumra
In a crisis, panic buying (PB) has negative ramifications for manufacturers, suppliers, retailers, consumers and the overall economy. There is a plethora of research in extant literature identifying the factors causing PB, but none has prioritized them so that firms can devise focused strategies to tackle the situation of PB. In this research, through extant literature and experts’ opinion, 18 PB factors (PBFs) are identified. The neutrosophic analytical hierarchy process is used for prioritizing the factors based on single-valued triangular neutrosophic numbers. From the 18 PBFs, on the basis of ranking received from results, top 50% most influencing factors are social media, fear of missing out, peer influence, social learning, product importance, cultural values, rumours, sense of security and government regulations. Thereafter, in close conjunction with these factors, most significant interventions/measures to curb PB are presented in the form of a PB prevention and control framework. The knowledge of the top influencing factors of PB is vital for policymakers, administrators, marketers, retailers and consumers so that they can devise appropriate interventions when required.
{"title":"Prioritizing Factors of Panic Buying Behaviour: A Neutrosophic Analytical Approach","authors":"C. Shri, Aastha Verma, G. Gupta, Rajeev Kumra","doi":"10.1177/22779752231166186","DOIUrl":"https://doi.org/10.1177/22779752231166186","url":null,"abstract":"In a crisis, panic buying (PB) has negative ramifications for manufacturers, suppliers, retailers, consumers and the overall economy. There is a plethora of research in extant literature identifying the factors causing PB, but none has prioritized them so that firms can devise focused strategies to tackle the situation of PB. In this research, through extant literature and experts’ opinion, 18 PB factors (PBFs) are identified. The neutrosophic analytical hierarchy process is used for prioritizing the factors based on single-valued triangular neutrosophic numbers. From the 18 PBFs, on the basis of ranking received from results, top 50% most influencing factors are social media, fear of missing out, peer influence, social learning, product importance, cultural values, rumours, sense of security and government regulations. Thereafter, in close conjunction with these factors, most significant interventions/measures to curb PB are presented in the form of a PB prevention and control framework. The knowledge of the top influencing factors of PB is vital for policymakers, administrators, marketers, retailers and consumers so that they can devise appropriate interventions when required.","PeriodicalId":190206,"journal":{"name":"IIM Kozhikode Society & Management Review","volume":"331 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115971776","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 : 2023-05-16DOI: 10.1177/22779752231166175
Brindha Srinivasan, Latasri Hazarika, M. Nandakumar
Obstacles and threats are common occurrences for entrepreneurs in their journey of starting and surviving a venture. These challenges often induce a fear of failure in entrepreneurs, sometimes affecting their mental well-being. Although coping literature lists several explicit mechanisms to mitigate the adverse impact of entrepreneurial fear of failure, empirical evidence suggesting the role of some intrinsic typical entrepreneurial characteristics such as overconfidence and optimism is missing from the extant knowledge bank. Our study joins those missing links by studying the role of entrepreneurs’ confidence elements—overconfidence and optimism in entrepreneurial fear of failure. We adopted stress appraisal theory and experience sampling methodology to explore the hypothesized relations. We triangulate our results with semi-structured interviews with entrepreneurs. Our findings reveal the positive side of entrepreneurs’ confidence in dealing with stress and fear of failure. Therefore, we contribute to the entrepreneurial well-being literature and provide a reason for practicing entrepreneurs to build on their confidence.
{"title":"‘Does Confidence Matter?’: Impact of Entrepreneurs’ Confidence on Fear of Failure","authors":"Brindha Srinivasan, Latasri Hazarika, M. Nandakumar","doi":"10.1177/22779752231166175","DOIUrl":"https://doi.org/10.1177/22779752231166175","url":null,"abstract":"Obstacles and threats are common occurrences for entrepreneurs in their journey of starting and surviving a venture. These challenges often induce a fear of failure in entrepreneurs, sometimes affecting their mental well-being. Although coping literature lists several explicit mechanisms to mitigate the adverse impact of entrepreneurial fear of failure, empirical evidence suggesting the role of some intrinsic typical entrepreneurial characteristics such as overconfidence and optimism is missing from the extant knowledge bank. Our study joins those missing links by studying the role of entrepreneurs’ confidence elements—overconfidence and optimism in entrepreneurial fear of failure. We adopted stress appraisal theory and experience sampling methodology to explore the hypothesized relations. We triangulate our results with semi-structured interviews with entrepreneurs. Our findings reveal the positive side of entrepreneurs’ confidence in dealing with stress and fear of failure. Therefore, we contribute to the entrepreneurial well-being literature and provide a reason for practicing entrepreneurs to build on their confidence.","PeriodicalId":190206,"journal":{"name":"IIM Kozhikode Society & Management Review","volume":"166 7","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120987492","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 : 2023-05-11DOI: 10.1177/22779752231166521
M. Hardey, W. Ahmed, A. Fenton, Chris Koral
This study aims to examine a linked future for a Net Zero global economy. Such a future is examined through network-driven change and informed by co-action and shared business management practices. We employ an action case (AC) approach to understand the impact of national and worldwide Net Zero policy for small and medium-sized enterprises (SMEs). We drew upon a qualitative survey with SMEs alongside a social network analysis (SNA) of Twitter data. We discovered a substantial predictive effect of policy support in the SME social media material regarding Net Zero attitudes. Our findings indicate that reinforcing messages on policy support and assisting enterprises in adopting the new objectives may considerably enhance Net Zero accountability and serve as the foundation for an intervention strategy in policy-focused programmes for SMEs.
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