首页 > 最新文献

Business Perspectives and Research最新文献

英文 中文
Revisiting the Drivers of Firm Value; An Empirical Investigation on Manufacturing Firms 重新审视企业价值的驱动因素;制造企业的实证研究
Q2 Business, Management and Accounting Pub Date : 2023-03-09 DOI: 10.1177/22785337221148549
A. K. Panda, S. Nanda, A. Hegde, Rashmi Ranjan Paital
The study aims to ascertain the key determinants of firm value and to analyze the contribution of each determinant at different percentiles of the probability distribution of firm value for 1,592 firms across eight major Indian manufacturing firms. The sample consists of data from 2009 to 2020 and studies the variables such as enterprise value, effective tax rate, firm size, profitability, firms’ growth rate, financial leverage, asset tangibility, and non-debt tax shield. The study employed, linear, non-linear, and non-parametric panel regression models. Quantile regression models are further used to decompose the determinants at various quantiles of firm value. Several diagnostic tests such as Breusch–Pagan, White’s Test, and Sargan Test are used to ensure robust estimates. The results obtained from this study show the presence of a concave relationship between firm value with firm size, financial leverage, and non-debt tax shield. Effective tax rates and inflation rates substantially and positively affect the value of firms in higher percentiles. The capital structure is found to significantly and positively affect the value of firms in the lower percentile. The profitability is also found to contribute to the value of firms across all the quantiles, whereas sales growth fails to strongly drive the value.
该研究旨在确定企业价值的关键决定因素,并分析每个决定因素在企业价值概率分布的不同百分位数对印度8家主要制造企业的1592家企业的贡献。样本采用2009年至2020年的数据,研究了企业价值、有效税率、企业规模、盈利能力、企业增长率、财务杠杆、资产有形性和非债务税盾等变量。本研究采用线性、非线性和非参数面板回归模型。采用分位数回归模型对企业价值各分位数的决定因素进行分解。一些诊断测试,如Breusch-Pagan测试,White 's测试和Sargan测试被用来确保可靠的估计。本研究的结果表明,企业价值与企业规模、财务杠杆和非债务税盾之间存在凹形关系。有效税率和通货膨胀率对较高百分位数的公司价值有实质性的积极影响。资本结构对低百分位企业的价值有显著的正向影响。盈利能力也被发现对所有分位数的公司价值有贡献,而销售增长未能强烈推动价值。
{"title":"Revisiting the Drivers of Firm Value; An Empirical Investigation on Manufacturing Firms","authors":"A. K. Panda, S. Nanda, A. Hegde, Rashmi Ranjan Paital","doi":"10.1177/22785337221148549","DOIUrl":"https://doi.org/10.1177/22785337221148549","url":null,"abstract":"The study aims to ascertain the key determinants of firm value and to analyze the contribution of each determinant at different percentiles of the probability distribution of firm value for 1,592 firms across eight major Indian manufacturing firms. The sample consists of data from 2009 to 2020 and studies the variables such as enterprise value, effective tax rate, firm size, profitability, firms’ growth rate, financial leverage, asset tangibility, and non-debt tax shield. The study employed, linear, non-linear, and non-parametric panel regression models. Quantile regression models are further used to decompose the determinants at various quantiles of firm value. Several diagnostic tests such as Breusch–Pagan, White’s Test, and Sargan Test are used to ensure robust estimates. The results obtained from this study show the presence of a concave relationship between firm value with firm size, financial leverage, and non-debt tax shield. Effective tax rates and inflation rates substantially and positively affect the value of firms in higher percentiles. The capital structure is found to significantly and positively affect the value of firms in the lower percentile. The profitability is also found to contribute to the value of firms across all the quantiles, whereas sales growth fails to strongly drive the value.","PeriodicalId":37330,"journal":{"name":"Business Perspectives and Research","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-03-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44591795","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}
引用次数: 0
Annual Report Readability and Agency Cost: The Influence of Firm Size 年报可读性与代理成本:企业规模的影响
Q2 Business, Management and Accounting Pub Date : 2023-03-07 DOI: 10.1177/22785337221148832
R. Goswami, S. G. Maji, Farah Hussain
This study examines whether the impact of annual report readability on agency cost varies with firm size among listed Indian non-financial firms. For this study, we have selected two cross-sectional samples comprising 360 non-financial firms listed on National Stock Exchange (NSE)—divided into 183 small firms and 177 large firms—for the financial year 2019–2020 and 2020–2021. The classification between large and small firms is drawn based on the respective quartile values of total assets and market capitalization taken together. The proxy for agency cost is the natural logarithm of selling and distribution expenses. We have developed an index using the count of characters, words, lines, and pages of the annual report to measure readability. To investigate the association between the annual report readability, agency cost, and firm size, we use the OLS methodology. In our model, we control for fixed assets, leverage, ownership concentration, institutional ownership, the board size, and board independence. Our findings reflect an inverse relationship between readability and agency cost. Additionally, we find that the effect of annual report readability on agency cost is higher for large firms than for smaller firms. We further checked our findings’ robustness using a logistic regression model and found similar results.
本研究考察了印度非金融上市公司年报可读性对代理成本的影响是否随公司规模的变化而变化。在本研究中,我们选择了两个横截面样本,包括360家在国家证券交易所(NSE)上市的非金融公司,分为183家小公司和177家大公司,分别为2019-2020和2020-2021财政年度。大公司和小公司的分类是根据总资产和市值的四分位数来划分的。代理成本的代表是销售和分销费用的自然对数。我们开发了一个索引,使用年度报告的字符、单词、行数和页数来衡量可读性。为了调查年度报告可读性、代理成本和公司规模之间的关系,我们使用OLS方法。在我们的模型中,我们控制了固定资产、杠杆、所有权集中度、机构所有权、董事会规模和董事会独立性。我们的研究结果反映了可读性和代理成本之间的反比关系。此外,我们发现年度报告可读性对代理成本的影响在大公司比在小公司更高。我们使用逻辑回归模型进一步检验了我们的发现的稳健性,发现了类似的结果。
{"title":"Annual Report Readability and Agency Cost: The Influence of Firm Size","authors":"R. Goswami, S. G. Maji, Farah Hussain","doi":"10.1177/22785337221148832","DOIUrl":"https://doi.org/10.1177/22785337221148832","url":null,"abstract":"This study examines whether the impact of annual report readability on agency cost varies with firm size among listed Indian non-financial firms. For this study, we have selected two cross-sectional samples comprising 360 non-financial firms listed on National Stock Exchange (NSE)—divided into 183 small firms and 177 large firms—for the financial year 2019–2020 and 2020–2021. The classification between large and small firms is drawn based on the respective quartile values of total assets and market capitalization taken together. The proxy for agency cost is the natural logarithm of selling and distribution expenses. We have developed an index using the count of characters, words, lines, and pages of the annual report to measure readability. To investigate the association between the annual report readability, agency cost, and firm size, we use the OLS methodology. In our model, we control for fixed assets, leverage, ownership concentration, institutional ownership, the board size, and board independence. Our findings reflect an inverse relationship between readability and agency cost. Additionally, we find that the effect of annual report readability on agency cost is higher for large firms than for smaller firms. We further checked our findings’ robustness using a logistic regression model and found similar results.","PeriodicalId":37330,"journal":{"name":"Business Perspectives and Research","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48810517","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}
引用次数: 1
Antecedents of Electronic Shopping Cart Abandonment during Online Purchase Process 网上购物过程中放弃电子购物车的前因
Q2 Business, Management and Accounting Pub Date : 2023-03-02 DOI: 10.1177/22785337221148810
Ishani Patharia, Tanu Jain
The present study synthesized the extant literature on electronic shopping cart abandonment (ESCA) for the last 22 years (2000–2022) using the PRISMA approach. This is one of the first studies that comprehensively synthesized the widely applied theories in the ESCA literature and the reasons for ESCA during the various stages of online shopping process (search stage, consideration stage, evaluation stage, and purchase stage). The findings suggest that Stimulus Organism Response theory, Cognitive Dissonance theory, and the Theory of Reasoned Action are the most prominent theories used in the ESCA literature. Further, customers abandon the electronic shopping cart due to several personal factors (e.g., trust, experience), website features (e.g., perceived behavioral tracking), and product attributes (e.g., perceived service quality). This study gives a snapshot of knowledge gaps in the ESCA domain and suggests future research directions from multifarious perspectives i.e., theoretical underpinnings, contexts, and customer characteristics. For marketers, it provides insights on factors affecting ESCA at each stage of the online shopping process to develop stage wise pragmatic strategies like gamification on shopping websites, improving navigational aspects on websites, removing threats to customer privacy, and creating greater transparency to increase customer trust.
本研究使用PRISMA方法综合了过去22年(2000-2022年)关于电子购物车遗弃(ESCA)的现有文献。本研究首次全面综合了ESCA文献中广泛应用的理论,以及在网络购物过程的各个阶段(搜索阶段、考虑阶段、评价阶段和购买阶段)中ESCA产生的原因。研究结果表明,刺激有机体反应理论、认知失调理论和理性行为理论是ESCA文献中最主要的理论。此外,由于个人因素(如信任、经验)、网站功能(如感知到的行为跟踪)和产品属性(如感知到的服务质量),消费者放弃了电子购物车。本研究概述了ESCA领域的知识缺口,并从理论基础、背景和客户特征等多个角度提出了未来的研究方向。对于营销人员来说,它提供了在网上购物过程的每个阶段影响ESCA的因素的见解,以制定明智的务实策略,如购物网站的游戏化,改善网站的导航方面,消除对客户隐私的威胁,并创造更大的透明度来增加客户的信任。
{"title":"Antecedents of Electronic Shopping Cart Abandonment during Online Purchase Process","authors":"Ishani Patharia, Tanu Jain","doi":"10.1177/22785337221148810","DOIUrl":"https://doi.org/10.1177/22785337221148810","url":null,"abstract":"The present study synthesized the extant literature on electronic shopping cart abandonment (ESCA) for the last 22 years (2000–2022) using the PRISMA approach. This is one of the first studies that comprehensively synthesized the widely applied theories in the ESCA literature and the reasons for ESCA during the various stages of online shopping process (search stage, consideration stage, evaluation stage, and purchase stage). The findings suggest that Stimulus Organism Response theory, Cognitive Dissonance theory, and the Theory of Reasoned Action are the most prominent theories used in the ESCA literature. Further, customers abandon the electronic shopping cart due to several personal factors (e.g., trust, experience), website features (e.g., perceived behavioral tracking), and product attributes (e.g., perceived service quality). This study gives a snapshot of knowledge gaps in the ESCA domain and suggests future research directions from multifarious perspectives i.e., theoretical underpinnings, contexts, and customer characteristics. For marketers, it provides insights on factors affecting ESCA at each stage of the online shopping process to develop stage wise pragmatic strategies like gamification on shopping websites, improving navigational aspects on websites, removing threats to customer privacy, and creating greater transparency to increase customer trust.","PeriodicalId":37330,"journal":{"name":"Business Perspectives and Research","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-03-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46610588","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}
引用次数: 0
The Effect of Stock Splits on Liquidity: Evidence from China 股票分割对流动性的影响:来自中国的证据
Q2 Business, Management and Accounting Pub Date : 2023-02-19 DOI: 10.1177/22785337221148823
Bilal Ahmad Pandow, Khurshid Ali Ganai
Despite many theories that explain the stock split announcement by companies, it has been viewed and aimed differently by corporate managers, regulators and investors. Many studies suggest stock splits are often used to lower the price and bring it to an acceptable trading range. However, few studies focus on emerging economies like China. The present study employs a market model to estimate aberrant volumes. Cumulative abnormal volumes and buy-and-hold abnormal volume estimations were used in accordance with a long-term event study. It was found that after firms have gone for stock splits, their liquidity has increased. Thereby suggesting that there is a significant influence on the post-split liquidity as was found in case of the firm that have gone for stock splits listed on China’s Shanghai Stock Exchange during the select period. Also, a statistically significant upward trend was also observed following the split by the firms. Study findings can be useful to regulators, managers, and investors per their interests. This paper has a limitation of using market model. Future research could also increase the time period and the number of firms that this paper has analyzed.
尽管有许多理论可以解释公司宣布拆股的原因,但公司经理、监管机构和投资者对拆股的看法和目的却有所不同。许多研究表明,股票分割通常被用来降低股价,使其达到一个可接受的交易范围。然而,很少有研究关注像中国这样的新兴经济体。本研究采用市场模型来估计异常量。根据一项长期事件研究,使用了累积异常量和买入并持有异常量估计。研究发现,公司进行股票分割后,其流动性有所增加。这表明,在选择期间在中国上海证券交易所上市的公司进行股票分割的情况下,对拆分后的流动性有显著影响。此外,在公司拆分后,也观察到统计上显着的上升趋势。研究结果对监管者、管理者和投资者的利益都是有用的。本文使用市场模型有一定的局限性。未来的研究还可以增加本文分析的时间段和企业数量。
{"title":"The Effect of Stock Splits on Liquidity: Evidence from China","authors":"Bilal Ahmad Pandow, Khurshid Ali Ganai","doi":"10.1177/22785337221148823","DOIUrl":"https://doi.org/10.1177/22785337221148823","url":null,"abstract":"Despite many theories that explain the stock split announcement by companies, it has been viewed and aimed differently by corporate managers, regulators and investors. Many studies suggest stock splits are often used to lower the price and bring it to an acceptable trading range. However, few studies focus on emerging economies like China. The present study employs a market model to estimate aberrant volumes. Cumulative abnormal volumes and buy-and-hold abnormal volume estimations were used in accordance with a long-term event study. It was found that after firms have gone for stock splits, their liquidity has increased. Thereby suggesting that there is a significant influence on the post-split liquidity as was found in case of the firm that have gone for stock splits listed on China’s Shanghai Stock Exchange during the select period. Also, a statistically significant upward trend was also observed following the split by the firms. Study findings can be useful to regulators, managers, and investors per their interests. This paper has a limitation of using market model. Future research could also increase the time period and the number of firms that this paper has analyzed.","PeriodicalId":37330,"journal":{"name":"Business Perspectives and Research","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-02-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47883591","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}
引用次数: 0
Do Central Bank Communications Influence Survey of Professional Forecasters? An Empirical Investigation 央行通信对专业预测师的调查有影响吗?实证研究
Q2 Business, Management and Accounting Pub Date : 2023-02-15 DOI: 10.1177/22785337221148859
P. Kapoor, Sujata Kar
The present study contributes to our understanding regarding private-sector inflation expectations and how central bank communications influence them in an emerging economy like India. This study uses the Autoregressive Distributed Lag (ARDL) regression function to estimate the influence of the determinants on the survey of professional forecasters for a period ranging from Q1 2014–2015 to Q4 2021–2022. Our results demonstrate the significant positive influence of the lagged period inflation forecasted by the professionals and central bank communications in the form of inflation projections on the inflation forecasted by the professionals in the current period. Macroeconomic variables like repo rate, lagged realized inflation, GDP, merchandise exports and imports, and crude oil rates turned out to be non-significant in influencing the inflation forecasted by the professionals, at least in the short run. The literature highlights the importance of anchoring private-sector expectations by the central bank in an economy, and our results provide empirical evidence for the same, along with its implications on policy making.
本研究有助于我们理解私营部门的通胀预期,以及央行的沟通如何影响印度等新兴经济体的通胀预期。本研究使用自回归分布滞后(ARDL)回归函数来估计决定因素对2014-2015年第一季度至2021-2022年第四季度专业预测者调查的影响。我们的研究结果表明,专业人员预测的滞后期通货膨胀和中央银行以通货膨胀预测形式进行的沟通对专业人员预测的当期通货膨胀有显著的正向影响。宏观经济变量,如回购利率、滞后的已实现通货膨胀、GDP、商品进出口和原油价格对专业人士预测的通货膨胀的影响不显著,至少在短期内是这样。这些文献强调了央行在经济中锚定私营部门预期的重要性,我们的研究结果提供了同样的经验证据,以及它对政策制定的影响。
{"title":"Do Central Bank Communications Influence Survey of Professional Forecasters? An Empirical Investigation","authors":"P. Kapoor, Sujata Kar","doi":"10.1177/22785337221148859","DOIUrl":"https://doi.org/10.1177/22785337221148859","url":null,"abstract":"The present study contributes to our understanding regarding private-sector inflation expectations and how central bank communications influence them in an emerging economy like India. This study uses the Autoregressive Distributed Lag (ARDL) regression function to estimate the influence of the determinants on the survey of professional forecasters for a period ranging from Q1 2014–2015 to Q4 2021–2022. Our results demonstrate the significant positive influence of the lagged period inflation forecasted by the professionals and central bank communications in the form of inflation projections on the inflation forecasted by the professionals in the current period. Macroeconomic variables like repo rate, lagged realized inflation, GDP, merchandise exports and imports, and crude oil rates turned out to be non-significant in influencing the inflation forecasted by the professionals, at least in the short run. The literature highlights the importance of anchoring private-sector expectations by the central bank in an economy, and our results provide empirical evidence for the same, along with its implications on policy making.","PeriodicalId":37330,"journal":{"name":"Business Perspectives and Research","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42514078","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}
引用次数: 0
Innovation and Inter-organizational Network: Systematic Review and Bibliometric Analysis 创新与组织间网络:系统综述与文献计量分析
Q2 Business, Management and Accounting Pub Date : 2023-02-10 DOI: 10.1177/22785337221148874
Lamin B. Ceesay
This article presents a systematic review and bibliometric analysis of research linking the inter-organizational business network and innovation research. It also discusses previous research on the subject and identify gaps for future studies. A review was done using the dimensions database. This was undertaken using specific keywords search in the title, abstract, and keywords of papers. The review revealed that the research in the field is growing fast. In fact, the paper has established that the UK, the US, and Italy respectively, have dominated publications in terms of the most influential countries for research in the field of inter-organizational business networks. The content review of papers showed that the papers were mainly trying to address the phenomena (the antecedents, management of the network, and network performance outcomes). These categories are not mutually exclusive but would help us to organize the fragmented literature on the topic. This article reviews and discusses the empirical literature on inter-organizational innovation networks and shows that the field is highly fragmented. While some areas have gained considerable research attention, others have experienced a relative paucity of research, and thus topics for future research are discussed.
本文对将组织间商业网络与创新研究联系起来的研究进行了系统综述和文献计量分析。它还讨论了以前对该主题的研究,并确定了未来研究的差距。使用尺寸数据库进行了审查。这是通过在论文的标题、摘要和关键词中搜索特定的关键词来进行的。评论显示,该领域的研究进展迅速。事实上,该论文已经确定,英国、美国和意大利分别在组织间商业网络领域最具影响力的研究国家中占据了出版物的主导地位。对论文的内容审查表明,这些论文主要试图解决这些现象(前因、网络管理和网络绩效结果)。这些类别并不相互排斥,但有助于我们组织有关该主题的零散文献。本文回顾和讨论了关于组织间创新网络的实证文献,并表明该领域是高度分散的。虽然一些领域获得了相当大的研究关注,但其他领域的研究相对匮乏,因此讨论了未来研究的主题。
{"title":"Innovation and Inter-organizational Network: Systematic Review and Bibliometric Analysis","authors":"Lamin B. Ceesay","doi":"10.1177/22785337221148874","DOIUrl":"https://doi.org/10.1177/22785337221148874","url":null,"abstract":"This article presents a systematic review and bibliometric analysis of research linking the inter-organizational business network and innovation research. It also discusses previous research on the subject and identify gaps for future studies. A review was done using the dimensions database. This was undertaken using specific keywords search in the title, abstract, and keywords of papers. The review revealed that the research in the field is growing fast. In fact, the paper has established that the UK, the US, and Italy respectively, have dominated publications in terms of the most influential countries for research in the field of inter-organizational business networks. The content review of papers showed that the papers were mainly trying to address the phenomena (the antecedents, management of the network, and network performance outcomes). These categories are not mutually exclusive but would help us to organize the fragmented literature on the topic. This article reviews and discusses the empirical literature on inter-organizational innovation networks and shows that the field is highly fragmented. While some areas have gained considerable research attention, others have experienced a relative paucity of research, and thus topics for future research are discussed.","PeriodicalId":37330,"journal":{"name":"Business Perspectives and Research","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-02-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45998845","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}
引用次数: 1
Can Gratitude Counter Workplace Toxicity? Exploring the Mediating Role of Psychological Capital (PsyCap) 感恩能对抗职场毒害吗?心理资本(PsyCap)的中介作用探讨
Q2 Business, Management and Accounting Pub Date : 2023-02-10 DOI: 10.1177/22785337221148300
Ayatakshee Sarkar, N. Garg, DK Srivastava, B. Punia
Gratitude is essential in positive organizational scholarship and is said to flourish and prosper organization members. This article aims to investigate the role of gratitude in transforming a toxic workplace into a collaborative work environment by exploring the mediating role of psychological capital (Psycap). The results reveal that gratitude practiced by the employees at the workplace can counter workplace toxicity and enhance a collaborative work environment, creating harmony in society. The study proposes the institutionalization of a gratitude-based organizational culture that prevents workplace toxicity and supports a collaborative work environment. The study is one of the pioneer studies that tried to unlock the “black box” through which dispositional gratitude can help build workplace harmony and collaboration.
感恩在积极的组织学术中是必不可少的,据说感恩能使组织成员蓬勃发展。本文旨在通过探讨心理资本(Psycap)的中介作用,探讨感恩在将有毒的工作场所转变为协作工作环境中的作用。研究结果表明,员工在工作场所练习感恩可以对抗工作场所的毒性,改善协作的工作环境,创造社会和谐。该研究建议将基于感恩的组织文化制度化,以防止工作场所的毒性,并支持协作工作环境。这项研究是试图解开“黑匣子”的先驱研究之一,通过这个黑匣子,性格感恩可以帮助建立工作场所的和谐与协作。
{"title":"Can Gratitude Counter Workplace Toxicity? Exploring the Mediating Role of Psychological Capital (PsyCap)","authors":"Ayatakshee Sarkar, N. Garg, DK Srivastava, B. Punia","doi":"10.1177/22785337221148300","DOIUrl":"https://doi.org/10.1177/22785337221148300","url":null,"abstract":"Gratitude is essential in positive organizational scholarship and is said to flourish and prosper organization members. This article aims to investigate the role of gratitude in transforming a toxic workplace into a collaborative work environment by exploring the mediating role of psychological capital (Psycap). The results reveal that gratitude practiced by the employees at the workplace can counter workplace toxicity and enhance a collaborative work environment, creating harmony in society. The study proposes the institutionalization of a gratitude-based organizational culture that prevents workplace toxicity and supports a collaborative work environment. The study is one of the pioneer studies that tried to unlock the “black box” through which dispositional gratitude can help build workplace harmony and collaboration.","PeriodicalId":37330,"journal":{"name":"Business Perspectives and Research","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-02-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48622011","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}
引用次数: 4
Impact of Shareholders’ Activism on the Performance of Banks in India: A Panel Data Application 股东维权对印度银行绩效的影响:面板数据应用
Q2 Business, Management and Accounting Pub Date : 2023-02-01 DOI: 10.1177/22785337221148582
Shailesh Rastogi, Kuldeep Singh, Jagjeevan Kanoujiya
There is a widespread uncertainty regarding the usefulness of shareholder activism (SA) as a part of corporate governance for firms and banks. SA has wide acceptance across the board among all the stakeholders’ participation. Since banks are the backbone of any economy, any endeavor (support to SA) creating difficulty may boomerang. Such actions do more harm than good; therefore, it is imperative to determine whether SA is beneficial to the banks or not. In this study, the SA index is built for Indian banks. The data relating to bank performance and valuation is gathered for 2016–2019. Panel data econometrics is applied to determine the impact of SA on banks performance. Results reveal that SA impacts bank performance. Furthermore, transparency and disclosure significantly moderates the association of SA with the performance. However, SA is not impacting bank valuation. It is a unique study of its kind to provide insights on SA for the banking sector.
股东激进主义(SA)作为公司和银行治理的一部分,其有用性存在广泛的不确定性。SA在所有利益相关者的参与中得到了广泛的认可。由于银行是任何经济体的支柱,任何制造困难的努力(支持南非)都可能适得其反。这种行为弊大于利;因此,必须确定SA是否对银行有利。在本研究中,SA指数是为印度银行建立的。与银行业绩和估值相关的数据收集于2016年至2019年。应用面板数据计量经济学来确定SA对银行绩效的影响。结果显示SA影响银行绩效。此外,透明度和披露显著调节SA与绩效的关联。然而,SA并未影响银行估值。这是一项独特的研究,旨在为银行业提供SA方面的见解。
{"title":"Impact of Shareholders’ Activism on the Performance of Banks in India: A Panel Data Application","authors":"Shailesh Rastogi, Kuldeep Singh, Jagjeevan Kanoujiya","doi":"10.1177/22785337221148582","DOIUrl":"https://doi.org/10.1177/22785337221148582","url":null,"abstract":"There is a widespread uncertainty regarding the usefulness of shareholder activism (SA) as a part of corporate governance for firms and banks. SA has wide acceptance across the board among all the stakeholders’ participation. Since banks are the backbone of any economy, any endeavor (support to SA) creating difficulty may boomerang. Such actions do more harm than good; therefore, it is imperative to determine whether SA is beneficial to the banks or not. In this study, the SA index is built for Indian banks. The data relating to bank performance and valuation is gathered for 2016–2019. Panel data econometrics is applied to determine the impact of SA on banks performance. Results reveal that SA impacts bank performance. Furthermore, transparency and disclosure significantly moderates the association of SA with the performance. However, SA is not impacting bank valuation. It is a unique study of its kind to provide insights on SA for the banking sector.","PeriodicalId":37330,"journal":{"name":"Business Perspectives and Research","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41614136","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}
引用次数: 0
Exploring Crisis Leadership During COVID-19: A Case Study on OYO 新冠肺炎危机领导力探索——以OYO为例
Q2 Business, Management and Accounting Pub Date : 2023-01-24 DOI: 10.1177/22785337221148812
Yasmin Kukul, Kedarnath Thakur, L. K. Jena
The case explores the steps taken by the leadership team at OYO to mitigate the challenges faced due to the COVID-19 pandemic. As a young start-up on the growth trajectory, OYO was hit harder than some of its established competitors. With the onset of the pandemic, the hospitality industry had come to a grinding halt and occupancy rates were at an all-time low. It was necessary for the management to revamp organizational structures and processes, and exhibit strong leadership skills to drive the workforce through one of the most challenging periods that OYO would have to go through. A recurring theme observed throughout the case is the resilient leadership response to the crisis by the protagonist, that is, Ritesh Agarwal, the Founder and Group CEO of the company, and his unwavering involvement in ensuring to keep the company afloat. Several people-centric initiatives that were undertaken for different stakeholder groups are outlined throughout the case and a major focus is given to the importance of decentralized and distributed leadership in the face of a crisis. The case is a narrative on organizational crisis management on the face of a setback and the role of leaders and empowered employees to navigate it.
该案例探讨了OYO领导团队为缓解新冠肺炎大流行带来的挑战而采取的措施。作为一家处于增长轨道上的年轻初创企业,OYO受到的打击比其一些老牌竞争对手更大。随着疫情的爆发,酒店业陷入了严重的停顿,入住率处于历史最低水平。管理层有必要改革组织结构和流程,并展现出强大的领导技能,带领员工度过OYO必须经历的最具挑战性的时期之一。整个案件中反复出现的一个主题是,主角,即公司创始人兼集团首席执行官Ritesh Agarwal,对危机的坚韧领导反应,以及他坚定不移地参与确保公司运营。在整个案例中,概述了为不同利益相关者群体采取的几项以人为中心的举措,并重点强调了在危机面前分散和分散领导的重要性。该案例讲述了面对挫折时的组织危机管理,以及领导者和授权员工的角色。
{"title":"Exploring Crisis Leadership During COVID-19: A Case Study on OYO","authors":"Yasmin Kukul, Kedarnath Thakur, L. K. Jena","doi":"10.1177/22785337221148812","DOIUrl":"https://doi.org/10.1177/22785337221148812","url":null,"abstract":"The case explores the steps taken by the leadership team at OYO to mitigate the challenges faced due to the COVID-19 pandemic. As a young start-up on the growth trajectory, OYO was hit harder than some of its established competitors. With the onset of the pandemic, the hospitality industry had come to a grinding halt and occupancy rates were at an all-time low. It was necessary for the management to revamp organizational structures and processes, and exhibit strong leadership skills to drive the workforce through one of the most challenging periods that OYO would have to go through. A recurring theme observed throughout the case is the resilient leadership response to the crisis by the protagonist, that is, Ritesh Agarwal, the Founder and Group CEO of the company, and his unwavering involvement in ensuring to keep the company afloat. Several people-centric initiatives that were undertaken for different stakeholder groups are outlined throughout the case and a major focus is given to the importance of decentralized and distributed leadership in the face of a crisis. The case is a narrative on organizational crisis management on the face of a setback and the role of leaders and empowered employees to navigate it.","PeriodicalId":37330,"journal":{"name":"Business Perspectives and Research","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49319302","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}
引用次数: 0
Unveiling the Hidden Layers of Employees’ Job Satisfaction and Organizational Commitment: A Meta-analysis 揭开员工工作满意度和组织承诺的深层次:元分析
Q2 Business, Management and Accounting Pub Date : 2023-01-20 DOI: 10.1177/22785337221148885
Riya Gupta, R. Agrawal
Inducing the employees to get the work done has become one of the prevalent challenges for organizations. The feeling of association and belongingness impels the employees to put in effort for the organization. Hence, the study aims to evaluate the relationship between job satisfaction (JS) and Organizational Commitment (OC) through the investigation of moderating effects. An analysis of a systematic review of 2,702 studies is conducted wherein the process results in the analysis of the filtered 27 studies. Meta-analysis has unveiled the hidden layers of the relationship between job satisfaction and organizational commitment. Through the application of moderator analysis, interesting findings are witnessed. Contrary to the expectations, the results of meta-regression have denied the influence of age on the discussed relationship while gender and work experience have successfully qualified as moderators. Integration of the demographic inclusions and a viewpoint defining the role of work experience has provided a needed re-specification to the literature. Thus, the present study will provide new insights for academicians and researchers.
诱导员工完成工作已成为组织面临的普遍挑战之一。这种关联感和归属感促使员工为组织付出努力。因此,本研究旨在通过调查调节效应来评估工作满意度(JS)与组织承诺(OC)之间的关系。对2702项研究的系统综述进行分析,其中该过程导致对过滤的27项研究的分析。元分析揭示了工作满意度和组织承诺之间隐藏的关系层。通过慢化剂分析的应用,我们看到了有趣的发现。与预期相反,元回归的结果否认了年龄对所讨论关系的影响,而性别和工作经验则成功地成为了调节者。人口统计学包含和定义工作经验作用的观点的结合为文献提供了必要的重新规范。因此,本研究将为学者和研究人员提供新的见解。
{"title":"Unveiling the Hidden Layers of Employees’ Job Satisfaction and Organizational Commitment: A Meta-analysis","authors":"Riya Gupta, R. Agrawal","doi":"10.1177/22785337221148885","DOIUrl":"https://doi.org/10.1177/22785337221148885","url":null,"abstract":"Inducing the employees to get the work done has become one of the prevalent challenges for organizations. The feeling of association and belongingness impels the employees to put in effort for the organization. Hence, the study aims to evaluate the relationship between job satisfaction (JS) and Organizational Commitment (OC) through the investigation of moderating effects. An analysis of a systematic review of 2,702 studies is conducted wherein the process results in the analysis of the filtered 27 studies. Meta-analysis has unveiled the hidden layers of the relationship between job satisfaction and organizational commitment. Through the application of moderator analysis, interesting findings are witnessed. Contrary to the expectations, the results of meta-regression have denied the influence of age on the discussed relationship while gender and work experience have successfully qualified as moderators. Integration of the demographic inclusions and a viewpoint defining the role of work experience has provided a needed re-specification to the literature. Thus, the present study will provide new insights for academicians and researchers.","PeriodicalId":37330,"journal":{"name":"Business Perspectives and Research","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43555419","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}
引用次数: 1
期刊
Business Perspectives and Research
全部 Acc. Chem. Res. ACS Applied Bio Materials ACS Appl. Electron. Mater. ACS Appl. Energy Mater. ACS Appl. Mater. Interfaces ACS Appl. Nano Mater. ACS Appl. Polym. Mater. ACS BIOMATER-SCI ENG ACS Catal. ACS Cent. Sci. ACS Chem. Biol. ACS Chemical Health & Safety ACS Chem. Neurosci. ACS Comb. Sci. ACS Earth Space Chem. ACS Energy Lett. ACS Infect. Dis. ACS Macro Lett. ACS Mater. Lett. ACS Med. Chem. Lett. ACS Nano ACS Omega ACS Photonics ACS Sens. ACS Sustainable Chem. Eng. ACS Synth. Biol. Anal. Chem. BIOCHEMISTRY-US Bioconjugate Chem. BIOMACROMOLECULES Chem. Res. Toxicol. Chem. Rev. Chem. Mater. CRYST GROWTH DES ENERG FUEL Environ. Sci. Technol. Environ. Sci. Technol. Lett. Eur. J. Inorg. Chem. IND ENG CHEM RES Inorg. Chem. J. Agric. Food. Chem. J. Chem. Eng. Data J. Chem. Educ. J. Chem. Inf. Model. J. Chem. Theory Comput. J. Med. Chem. J. Nat. Prod. J PROTEOME RES J. Am. Chem. Soc. LANGMUIR MACROMOLECULES Mol. Pharmaceutics Nano Lett. Org. Lett. ORG PROCESS RES DEV ORGANOMETALLICS J. Org. Chem. J. Phys. Chem. J. Phys. Chem. A J. Phys. Chem. B J. Phys. Chem. C J. Phys. Chem. Lett. Analyst Anal. Methods Biomater. Sci. Catal. Sci. Technol. Chem. Commun. Chem. Soc. Rev. CHEM EDUC RES PRACT CRYSTENGCOMM Dalton Trans. Energy Environ. Sci. ENVIRON SCI-NANO ENVIRON SCI-PROC IMP ENVIRON SCI-WAT RES Faraday Discuss. Food Funct. Green Chem. Inorg. Chem. Front. Integr. Biol. J. Anal. At. Spectrom. J. Mater. Chem. A J. Mater. Chem. B J. Mater. Chem. C Lab Chip Mater. Chem. Front. Mater. Horiz. MEDCHEMCOMM Metallomics Mol. Biosyst. Mol. Syst. Des. Eng. Nanoscale Nanoscale Horiz. Nat. Prod. Rep. New J. Chem. Org. Biomol. Chem. Org. Chem. Front. PHOTOCH PHOTOBIO SCI PCCP Polym. Chem.
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:604180095
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1