Pub Date : 2019-11-08DOI: 10.33422/conferenceme.2019.11.647
A. Zeynalli
Is data the new oil? The results in a report from McKinsey Global Institute has shown companies that are data-driven make smarter decisions in strategy management and have a continuous improvement mindset. In an increasingly uncertain business environment organizations seeking competitive advantage and strategy matters more than ever. Many enterprises believe they have a data-driven culture because they generate many reports throughout their organization. Unfortunately, becoming a data-driven organization is not that simple. It's about creating a mindset in which analytics form the evidence-based decision making and unlock the full potential of data with the strategy. According to the research from MIT's Sloan School of Business, companies engage in data-driven decision making has a 5 to 6% increase in output and productivity over the firms that do not. This research will provide the discourse of how smartest organizations are embedding data analytics and transform data into insight. Qualitative research is used as the main methodology in the study. The elements of data-driven strategic decision making and the various models from the literature study are outlined in the paper. The study is innovative research since data-driven decision making is a recent idea has emerged in the last 10-15 years in strategic management of organizations.
数据是新的石油吗?麦肯锡全球研究所(McKinsey Global Institute)的一份报告显示，数据驱动的公司在战略管理方面做出更明智的决策，并拥有持续改进的心态。在日益不确定的商业环境中，组织寻求竞争优势和战略比以往任何时候都更重要。许多企业认为他们拥有数据驱动的文化，因为他们在整个组织中生成许多报告。不幸的是，成为一个数据驱动的组织并没有那么简单。它是关于创造一种思维方式，在这种思维方式中，分析形成基于证据的决策，并通过战略释放数据的全部潜力。根据麻省理工学院斯隆商学院(MIT's Sloan School of Business)的研究，参与数据驱动决策的公司比不参与数据驱动决策的公司在产出和生产率方面提高了5%至6%。这项研究将提供关于最聪明的组织如何嵌入数据分析并将数据转化为洞察力的论述。定性研究是本研究的主要研究方法。本文概述了数据驱动战略决策的要素和文献研究中的各种模型。这项研究是一项创新研究，因为数据驱动的决策是最近10-15年在组织战略管理中出现的一个新想法。
{"title":"Data-Driven Decision Making in Strategy Management of Enterprises","authors":"A. Zeynalli","doi":"10.33422/conferenceme.2019.11.647","DOIUrl":"https://doi.org/10.33422/conferenceme.2019.11.647","url":null,"abstract":"Is data the new oil? The results in a report from McKinsey Global Institute has shown companies that are data-driven make smarter decisions in strategy management and have a continuous improvement mindset. In an increasingly uncertain business environment organizations seeking competitive advantage and strategy matters more than ever. Many enterprises believe they have a data-driven culture because they generate many reports throughout their organization. Unfortunately, becoming a data-driven organization is not that simple. It's about creating a mindset in which analytics form the evidence-based decision making and unlock the full potential of data with the strategy. According to the research from MIT's Sloan School of Business, companies engage in data-driven decision making has a 5 to 6% increase in output and productivity over the firms that do not. This research will provide the discourse of how smartest organizations are embedding data analytics and transform data into insight. Qualitative research is used as the main methodology in the study. The elements of data-driven strategic decision making and the various models from the literature study are outlined in the paper. The study is innovative research since data-driven decision making is a recent idea has emerged in the last 10-15 years in strategic management of organizations.","PeriodicalId":288817,"journal":{"name":"Proceedings of The International Academic Conference on Management and Economics","volume":"87 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124164604","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 : 2019-11-08DOI: 10.33422/conferenceme.2019.11.660
Dr. M. Gokhan Bitmis, Prof. Azize Ergeneli
Understanding the role of narcissism at work becomes crucial for today’s organisations in order to increase employee performance. This research investigates the effect of employee’s narcissistic personality trait on the voice, which is a form of employee proactive behavior in work settings. Data is collected from a survey of 159 search and rescue teams, who are working for disaster and emergency management. The Results revealed that narcissism positively affected employee voice behavior. Some suggestions for future research are proposed.
{"title":"Narcissism at Work: Does Narcissism Promote Employee Voice Behavior?","authors":"Dr. M. Gokhan Bitmis, Prof. Azize Ergeneli","doi":"10.33422/conferenceme.2019.11.660","DOIUrl":"https://doi.org/10.33422/conferenceme.2019.11.660","url":null,"abstract":"Understanding the role of narcissism at work becomes crucial for today’s organisations in order to increase employee performance. This research investigates the effect of employee’s narcissistic personality trait on the voice, which is a form of employee proactive behavior in work settings. Data is collected from a survey of 159 search and rescue teams, who are working for disaster and emergency management. The Results revealed that narcissism positively affected employee voice behavior. Some suggestions for future research are proposed.","PeriodicalId":288817,"journal":{"name":"Proceedings of The International Academic Conference on Management and Economics","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131140304","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 : 2019-11-08DOI: 10.33422/conferenceme.2019.11.641
N. Tripathy
{"title":"Stock Price Prediction Using Support Vector Machine Approach","authors":"N. Tripathy","doi":"10.33422/conferenceme.2019.11.641","DOIUrl":"https://doi.org/10.33422/conferenceme.2019.11.641","url":null,"abstract":"","PeriodicalId":288817,"journal":{"name":"Proceedings of The International Academic Conference on Management and Economics","volume":"15 4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126292907","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 : 2019-11-08DOI: 10.33422/conferenceme.2019.11.655
V. Das
The rise of kleptocracy in the oil industry necessitates Nigerian leaders to implement deescalation strategies to enable sustained economic development. Several Nigerian political stalwarts faced corruption charges of $22 trillion related to oil revenues between 1997-2014. The purpose of this qualitative case study is to explore strategies for the de-escalation of kleptocracy in the oil sector of Nigeria. The crime framework of Gottfredson and Hirschi grounded the study. The data collection methods were semi-structured interviews of purposeful samples and document review, which were analyzed utilizing Yin’s 5-step approach. The themes that emerged were anticorruption reorientation, ethical leadership, high self-control practice, stiffer penalties for corrupt officials, sonic therapeutic intervention, education and training, and traditional African oath of office. The results of the study are expected to contribute to positive social change in the oil industry by enlightening government leaders and anti-corruption agencies on strategies to deescalate kleptocracy in Nigeria’s oil sector.
{"title":"De-escalation Strategies for Kleptocracy in Nigeria’s Oil Industry","authors":"V. Das","doi":"10.33422/conferenceme.2019.11.655","DOIUrl":"https://doi.org/10.33422/conferenceme.2019.11.655","url":null,"abstract":"The rise of kleptocracy in the oil industry necessitates Nigerian leaders to implement deescalation strategies to enable sustained economic development. Several Nigerian political stalwarts faced corruption charges of $22 trillion related to oil revenues between 1997-2014. The purpose of this qualitative case study is to explore strategies for the de-escalation of kleptocracy in the oil sector of Nigeria. The crime framework of Gottfredson and Hirschi grounded the study. The data collection methods were semi-structured interviews of purposeful samples and document review, which were analyzed utilizing Yin’s 5-step approach. The themes that emerged were anticorruption reorientation, ethical leadership, high self-control practice, stiffer penalties for corrupt officials, sonic therapeutic intervention, education and training, and traditional African oath of office. The results of the study are expected to contribute to positive social change in the oil industry by enlightening government leaders and anti-corruption agencies on strategies to deescalate kleptocracy in Nigeria’s oil sector.","PeriodicalId":288817,"journal":{"name":"Proceedings of The International Academic Conference on Management and Economics","volume":"47 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131212735","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}
{"title":"The Market for Ideas and Its Test Benches: (Scientific) Pertinence, (Economic) Profit, and (Political) Permission","authors":"Octavian Dragomir Jora, Matei-Alexandru Apăvăloaei, Mihaela Iacob","doi":"10.33422/conferenceme.2019.11.650","DOIUrl":"https://doi.org/10.33422/conferenceme.2019.11.650","url":null,"abstract":"","PeriodicalId":288817,"journal":{"name":"Proceedings of The International Academic Conference on Management and Economics","volume":"91 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124611338","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 : 2019-11-08DOI: 10.33422/conferenceme.2019.11.648
In a developing country as Myanmar, the concept of service quality is still not well-known. The researcher is a Myanmar student finalizing his research dissertation and would like to contribute what he had learned in this area for the benefit of his community when finally, he returns to the motherland. In this study, the researcher used the famous SERVQUAL dimensions of service quality namely, tangibles, reliability, responsiveness, assurance, and empathy, and applied to a nonprofit educational establishment in Myanmar. The purpose of the study is to determine the service quality of the establishment with the aim of continuously improving them. A mixed research methodology was used in the collection and analysis of the data with the results discussed and recommendations. Finding, the researcher concludes that to improve the college's service quality rating it needs to upgrade its facilities and equipment.
{"title":"Enhancing Service Quality in a Higher Educational Institution: A Case of Undergraduate Students at Sariputta College, Muse, Shan State, Myanmar","authors":"","doi":"10.33422/conferenceme.2019.11.648","DOIUrl":"https://doi.org/10.33422/conferenceme.2019.11.648","url":null,"abstract":"In a developing country as Myanmar, the concept of service quality is still not well-known. The researcher is a Myanmar student finalizing his research dissertation and would like to contribute what he had learned in this area for the benefit of his community when finally, he returns to the motherland. In this study, the researcher used the famous SERVQUAL dimensions of service quality namely, tangibles, reliability, responsiveness, assurance, and empathy, and applied to a nonprofit educational establishment in Myanmar. The purpose of the study is to determine the service quality of the establishment with the aim of continuously improving them. A mixed research methodology was used in the collection and analysis of the data with the results discussed and recommendations. Finding, the researcher concludes that to improve the college's service quality rating it needs to upgrade its facilities and equipment.","PeriodicalId":288817,"journal":{"name":"Proceedings of The International Academic Conference on Management and Economics","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125131764","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 : 2019-11-08DOI: 10.33422/conferenceme.2019.11.642
N. Rani
Mergers and Acquisitions (M&As) have been a global phenomenon in corporate world yet there is still scope to broaden our current understanding on the subject including the choice of payment. The financing decision also affects an acquirer's ownership structure, financial leverage and subsequent decisions. The choice of investment financing is an important decision in the field of corporate finance. Mergers and acquisitions offer an appropriate framework to study the interaction between investment and financing decisions. Do corporates have systematic preferences for the means of financing investments especially in case of corporate acquisitions? In an acquisition, the acquirer can pay the claims of the target firm shareholders either by paying cash or by issuing stock or by a combination of both cash and stock. The study examines the financing decision involved in 1041 corporate acquisitions undertaken during the period 2000-2017. The study is based on a unique database compiled from SDC Thompson, S&P Capital IQ, Prowess, Capitaline and annual reports. Multinomial logit and nested logit models have been used to examine the factors affecting the acquirer's choice of the financing sources. The study observes that size has an impact on the method of payment in case of cash Payment. A positive relationship is found between relative size and cash payment. As the relative size of the acquisition increases, cash payment becomes more likely and debt financing is preferred. For the characteristics of the acquisition, we find that an increase in tender offers leads to greater payments in cash. The findings also report that there is an increase in cross-border deals for the case of cash and mixed Payment. These empirical results of the nested logit results show that the decisions on the means of payment and on the sources of financing are determined by the different factors. The findings of this study are in line with the pecking order theory and the cost of capital considerations. When the firms have more cash with it than necessary, then there is an increase in cash/transaction value with increase in cash payment over stock payment. Acquirers are also found to use mixed Payment method, when there is a tack of cash with acquirer. The financial variables such as acquirers’ cash flow, leverage, Tobin Q are found to not have a very significant impact on the debt Payment. Cash is found to have positively affected by acquirers’ cash flow.
兼并和收购(M&As)已经成为企业界的一种全球现象，但我们目前对这一主题的理解仍有扩大的余地，包括支付方式的选择。融资决策还会影响收购方的所有权结构、财务杠杆和后续决策。投资融资的选择是企业融资领域的一个重要决策。并购为研究投资与融资决策之间的相互作用提供了一个合适的框架。企业是否对投资融资方式有系统性偏好，尤其是在企业收购的情况下?在收购中，收购方可以通过支付现金或发行股票或现金和股票相结合的方式向目标公司股东支付债权。该研究考察了2000-2017年期间1041家公司收购所涉及的融资决策。这项研究基于一个独特的数据库，该数据库由SDC Thompson、标准普尔资本智商(S&P Capital IQ)、实力、Capitaline和年度报告汇编而成。利用多项logit和嵌套logit模型研究了影响并购方融资来源选择的因素。研究发现，在现金支付的情况下，规模对支付方式有影响。相对规模与现金支付之间存在正相关关系。随着收购规模的增加，现金支付变得更有可能，债务融资是首选。对于收购的特点，我们发现投标报价的增加会导致更多的现金支付。调查结果还显示，现金和混合支付的跨境交易有所增加。这些嵌套logit结果的实证结果表明，支付方式和融资来源的决策是由不同的因素决定的。本研究的结果符合啄食顺序理论和资本成本的考虑。当公司拥有的现金多于所需时，现金支付比股票支付的增加会增加现金/交易价值。当收购方有现金时，收购方也会使用混合支付方式。并购方现金流、杠杆率、托宾Q等财务变量对债务支付的影响并不显著。现金对收购方的现金流有正向影响。
{"title":"Are Payment Method and Financing Decision of Mergers and Acquisitions Related? Evidence from Indian Corporates","authors":"N. Rani","doi":"10.33422/conferenceme.2019.11.642","DOIUrl":"https://doi.org/10.33422/conferenceme.2019.11.642","url":null,"abstract":"Mergers and Acquisitions (M&As) have been a global phenomenon in corporate world yet there is still scope to broaden our current understanding on the subject including the choice of payment. The financing decision also affects an acquirer's ownership structure, financial leverage and subsequent decisions. The choice of investment financing is an important decision in the field of corporate finance. Mergers and acquisitions offer an appropriate framework to study the interaction between investment and financing decisions. Do corporates have systematic preferences for the means of financing investments especially in case of corporate acquisitions? In an acquisition, the acquirer can pay the claims of the target firm shareholders either by paying cash or by issuing stock or by a combination of both cash and stock. The study examines the financing decision involved in 1041 corporate acquisitions undertaken during the period 2000-2017. The study is based on a unique database compiled from SDC Thompson, S&P Capital IQ, Prowess, Capitaline and annual reports. Multinomial logit and nested logit models have been used to examine the factors affecting the acquirer's choice of the financing sources. The study observes that size has an impact on the method of payment in case of cash Payment. A positive relationship is found between relative size and cash payment. As the relative size of the acquisition increases, cash payment becomes more likely and debt financing is preferred. For the characteristics of the acquisition, we find that an increase in tender offers leads to greater payments in cash. The findings also report that there is an increase in cross-border deals for the case of cash and mixed Payment. These empirical results of the nested logit results show that the decisions on the means of payment and on the sources of financing are determined by the different factors. The findings of this study are in line with the pecking order theory and the cost of capital considerations. When the firms have more cash with it than necessary, then there is an increase in cash/transaction value with increase in cash payment over stock payment. Acquirers are also found to use mixed Payment method, when there is a tack of cash with acquirer. The financial variables such as acquirers’ cash flow, leverage, Tobin Q are found to not have a very significant impact on the debt Payment. Cash is found to have positively affected by acquirers’ cash flow.","PeriodicalId":288817,"journal":{"name":"Proceedings of The International Academic Conference on Management and Economics","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129035864","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 : 2019-11-08DOI: 10.33422/conferenceme.2019.11.643
M. Zaczyk
The article presents basic assumptions defining the resilience of logistics systems focused on satisfying societies' needs. The author emphasized the importance of systems theory for the contemporary understanding of management science. The article describes the concept of social logistics as one of three basic types of logistics. The importance of identifying social needs for understanding the essence of social logistics was highlighted. The article contains a proposition of a set of elements being part of the social logistics system and the characteristics of connections between them. In addition, a composition of factors increasing the sensitivity of social logistics systems and a set of measures to strengthen the resilience of the systems in question were proposed. The second part of the article presents the results of empirical research in the field of key factors strengthening social logistics systems' resilience, which were carried out among representatives of secondary and higher schools from highly industrialized region of southern Poland. The article is another link in the series of publications on shaping the resilience of social logistics systems. Within its framework, pilot studies of both qualitative and quantitative nature were carried out leading to the compilation of a set of the most important points of sensitivity of social logistics systems and factors that could strengthen their resilience from the point of view of representatives of southern Poland's society. The factors that strengthen the resilience of social logistics systems identified in their framework have been subjected to the further research procedure described in this article.
{"title":"Key factors strengthening the resilience of social logistics systems","authors":"M. Zaczyk","doi":"10.33422/conferenceme.2019.11.643","DOIUrl":"https://doi.org/10.33422/conferenceme.2019.11.643","url":null,"abstract":"The article presents basic assumptions defining the resilience of logistics systems focused on satisfying societies' needs. The author emphasized the importance of systems theory for the contemporary understanding of management science. The article describes the concept of social logistics as one of three basic types of logistics. The importance of identifying social needs for understanding the essence of social logistics was highlighted. The article contains a proposition of a set of elements being part of the social logistics system and the characteristics of connections between them. In addition, a composition of factors increasing the sensitivity of social logistics systems and a set of measures to strengthen the resilience of the systems in question were proposed. The second part of the article presents the results of empirical research in the field of key factors strengthening social logistics systems' resilience, which were carried out among representatives of secondary and higher schools from highly industrialized region of southern Poland. The article is another link in the series of publications on shaping the resilience of social logistics systems. Within its framework, pilot studies of both qualitative and quantitative nature were carried out leading to the compilation of a set of the most important points of sensitivity of social logistics systems and factors that could strengthen their resilience from the point of view of representatives of southern Poland's society. The factors that strengthen the resilience of social logistics systems identified in their framework have been subjected to the further research procedure described in this article.","PeriodicalId":288817,"journal":{"name":"Proceedings of The International Academic Conference on Management and Economics","volume":"93 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133964303","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 : 2019-11-08DOI: 10.33422/conferenceme.2019.11.653
Gamze Oz-Yalaman
. Financial inclusion is one of the main policy tools to increase welfare, reduce poverty and enhance macroeconomic stability which creates different opportunities and challenges for both developing and developed countries. More than two billion people in the world that are not financially included, and the World Bank has committed to helping them gain access to financial services by 2020. This has made it necessary for policy makers to be prepared for these regulations. Thus, the purpose of this paper is estimate efficiency of financial inclusions for countries around the world by using non-parametric techniques. The results show that there are 9 countries efficient for maximizing their financial inclusion; while 128 countries are inefficient. Moreover, the paper calculates relative efficiency scores and potential recovery rates of countries in order to help policymakers about how to change macro-economic variables so that financial inclusion becomes efficient.
{"title":"The Efficiency of Financial Inclusion: Evidence from the Global Findex Database","authors":"Gamze Oz-Yalaman","doi":"10.33422/conferenceme.2019.11.653","DOIUrl":"https://doi.org/10.33422/conferenceme.2019.11.653","url":null,"abstract":". Financial inclusion is one of the main policy tools to increase welfare, reduce poverty and enhance macroeconomic stability which creates different opportunities and challenges for both developing and developed countries. More than two billion people in the world that are not financially included, and the World Bank has committed to helping them gain access to financial services by 2020. This has made it necessary for policy makers to be prepared for these regulations. Thus, the purpose of this paper is estimate efficiency of financial inclusions for countries around the world by using non-parametric techniques. The results show that there are 9 countries efficient for maximizing their financial inclusion; while 128 countries are inefficient. Moreover, the paper calculates relative efficiency scores and potential recovery rates of countries in order to help policymakers about how to change macro-economic variables so that financial inclusion becomes efficient.","PeriodicalId":288817,"journal":{"name":"Proceedings of The International Academic Conference on Management and Economics","volume":"52 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133557254","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 : 2019-11-08DOI: 10.33422/conferenceme.2019.11.646
Sicheng Luo
The premise stances underlying most of strategic consensus studies is that a higher extent of consensus leads to advantageous firm performance. However, empirical outcomes have been mixed and inconsistent. The author accounts for this conundrum using a mechanism analysis. Results based on sample of manufacturing companies in Taiwan reveal that the direct relationship between top management team (TMT) strategic consensus and firm performance is negative, whereas by through decision quality, TMT strategic consensus can facilitate organizational probability. Our finding provides am alternative explanation for prior inconsistencies and points to the need for a mediation of decision-making practice to better understand consensus-performance relationship. The present research also add value to upper-echelons theory by examining the proverbial black box as to how executive decision process is transferred into firm-level outcome.
{"title":"Inside the Black Box: The Effect of TMT Strategic Consensus on Firm Performance","authors":"Sicheng Luo","doi":"10.33422/conferenceme.2019.11.646","DOIUrl":"https://doi.org/10.33422/conferenceme.2019.11.646","url":null,"abstract":"The premise stances underlying most of strategic consensus studies is that a higher extent of consensus leads to advantageous firm performance. However, empirical outcomes have been mixed and inconsistent. The author accounts for this conundrum using a mechanism analysis. Results based on sample of manufacturing companies in Taiwan reveal that the direct relationship between top management team (TMT) strategic consensus and firm performance is negative, whereas by through decision quality, TMT strategic consensus can facilitate organizational probability. Our finding provides am alternative explanation for prior inconsistencies and points to the need for a mediation of decision-making practice to better understand consensus-performance relationship. The present research also add value to upper-echelons theory by examining the proverbial black box as to how executive decision process is transferred into firm-level outcome.","PeriodicalId":288817,"journal":{"name":"Proceedings of The International Academic Conference on Management and Economics","volume":"98 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122640731","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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