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The role of founder CEO and independent board in family firms' international growth: evidence from India and Italy 创始人、首席执行官和独立董事会在家族企业国际化发展中的作用:来自印度和意大利的证据
Pub Date : 2023-08-02 DOI: 10.1108/ccsm-08-2022-0139
Anita Kerai, Riccardo Marzano, L. Piscitello, C. Singla
PurposeThis paper investigates the role of the founder CEO and board independence in shaping the way in which Indian and Italian family firms (FFs) pursue international growth via two modes, that is exports and FDI. This article claims that country's context matters in determining the relationship between the presence of the founder CEO and FFs' extent of exports and extent of FDI. Further, this article examines the moderating role of board independence on the above-mentioned founder CEO–FF's international growth relationship.Design/methodology/approachUsing a fixed-effect panel data method, this article tests the hypotheses on a sample of 1,275 Indian FF-year observations and 705 Italian FF-year observations over the period 2008–2015.FindingsThis article reveals that the presence of a founder CEO is positively associated with the extent of exports but negatively associated with the extent of FDI in Italian firms. However, in case of Indian firms, the presence of the founder CEO is negatively associated with the extent of exports as well as with the extent of FDI. This founder CEO's influence on the firm's international growth is mitigated by the presence of an independent board in Italian firms; however, this moderation is not significant in the case of Indian firms.Research limitations/implicationsIt is important to capture heterogeneity within family firms and across institutional contexts while studying family firms' international growth. Further, it is important for international business scholars to theorize for different modes of international growth because challenges faced in expansion via exports are different from the challenges faced in expansion via FDI (foreign subsidiaries). Therefore, family firms leadership might prefer a certain mode of international growth.Practical implicationsThe findings of the study imply that national culture and institutional context could play an important role in determining (a) Founder CEO's inclination towards FF's extent of exports and FDI as well as (b) the effectiveness of an independent board in mitigating founder CEO's influence on FF's international growth.Originality/valueThis work is one of the very few studies that examines the impact of FF's heterogeneity and country heterogeneity on two modes of international growth, namely exports and FDI, in the Indian and Italian contexts. Further, this work provides empirical evidence on the independent board's role in mitigating founder CEO's influence in decision making in the case of Italian firms. Extant literature expects an independent board to encourage FFs' international growth both via exports and FDI; this study shows that independent boards could reduce the founder CEO's inclination towards exports and mitigate founder CEO's influence on the decision making; however, this mitigation effect is highly context dependent.
本文探讨了创始人CEO和董事会独立性在塑造印度和意大利家族企业(FFs)通过出口和外国直接投资两种模式追求国际增长的方式中的作用。本文认为,在确定创始人CEO的存在与跨国公司的出口程度和外国直接投资程度之间的关系时,国家的背景很重要。进一步,本文考察了董事会独立性对上述创始人CEO-FF国际成长关系的调节作用。本文采用固定效应面板数据方法,对2008-2015年期间1275个印度ff年观测数据和705个意大利ff年观测数据的样本进行了假设检验。这篇文章揭示了创始人CEO的存在与意大利公司的出口程度正相关,但与外国直接投资的程度负相关。然而,就印度公司而言,创始人首席执行官的存在与出口程度以及外国直接投资程度呈负相关。意大利公司的独立董事会削弱了创始人CEO对公司国际增长的影响;然而,这种缓和对印度公司来说并不重要。研究局限性/启示在研究家族企业的国际成长时,重要的是捕捉家族企业内部和跨制度背景的异质性。此外,对于国际商业学者来说,为不同的国际增长模式建立理论是很重要的,因为通过出口扩张所面临的挑战与通过FDI(外国子公司)扩张所面临的挑战是不同的。因此,家族企业的领导层可能更倾向于一种特定的国际增长模式。本研究的结果表明,国家文化和制度背景可能在决定(a)创始人CEO对FF出口和FDI程度的倾向以及(b)独立董事会在减轻创始人CEO对FF国际增长的影响方面的有效性方面发挥重要作用。独创性/价值本研究是为数不多的研究之一,研究了在印度和意大利的背景下,FF的异质性和国家异质性对两种国际增长模式(即出口和外国直接投资)的影响。此外,本研究还为意大利公司独立董事会在减轻创始人CEO对决策影响方面的作用提供了实证证据。现有文献期望独立董事会通过出口和外国直接投资来鼓励外资企业的国际增长;研究表明,独立董事会可以降低创始人CEO的出口倾向,减轻创始人CEO对决策的影响;然而,这种缓解效果是高度依赖于环境的。
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引用次数: 0
Assessing the effect of innovation diffusion and technology readiness theories on attitude, behavioral intention and implementation of smart learning 评估创新扩散和技术准备理论对智能学习态度、行为意向和实施的影响
Pub Date : 2023-07-24 DOI: 10.1108/ccsm-12-2022-0213
Khadija Alhammadi, Hazem Marashdeh, M. Hussain
PurposeThis study assesses the impact of innovation diffusion theory (IDT), technology readiness index (TRI) and technology acceptance model (TAM) on the actual use of smart learning. This impact also accounts for the country-digital culture by moderating the effects of resistance to change (RTC) and mediating the role of attitude.Design/methodology/approachThe authors gather data from 301 respondents from various academic institutions in the United Arab Emirates (UAE) by operationalizing established theoretical constructs. The authors adopt a covariance-based structural equation modeling (SEM) approach.FindingsThe results reveal that IDT and TRI significantly and positively affect attitudes toward implementing smart learning. Besides, the attitude fully mediates the relationship between IDT, TRI constructs and behavioral intention (BI). Moreover, this study proves that RTC plays a major role in converging BI to place smart learning into actual use.Research limitations/implicationsThe major limitation of the authors' work is that this work employs cross-sectional data from UAE only, and the data were gathered during the coronavirus disease 2019 (COVID-19) pandemic.Practical implicationsThe stakeholders and administrators in government can benefit from the study findings to improve the efficiency and effectiveness of the implementation of smart learning, which will contribute to achieving stakeholders and administrators' strategic objectives.Originality/valueThe originality of this work stems from the incorporation of IDT, TRI and TAM constructs in the case of smart learning in UAE in post-COVID-19 scenarios.
目的本研究评估创新扩散理论(IDT)、技术就绪指数(TRI)和技术接受模型(TAM)对智能学习实际使用的影响。这种影响也解释了国家数字文化通过缓和抵制变化(RTC)的影响和中介态度的作用。设计/方法/方法作者通过对已建立的理论结构进行操作,从阿拉伯联合酋长国(UAE)各学术机构的301名受访者中收集数据。作者采用了基于协方差的结构方程建模方法。研究结果显示,IDT和TRI显著正向影响实施智能学习的态度。此外,态度在IDT、TRI构念与行为意向(BI)之间的关系中起着完全中介作用。此外,本研究证明,RTC在将BI融合到智能学习中发挥了重要作用。研究局限性/意义作者工作的主要局限性是本工作仅使用阿联酋的横断面数据,并且数据是在2019年冠状病毒病(COVID-19)大流行期间收集的。实践意义政府的持份者和行政人员可以从研究结果中获益,以提高实施智能学习的效率和效果,从而有助于实现持份者和行政人员的战略目标。独创性/价值这项工作的独创性源于将IDT、TRI和TAM结构结合到阿联酋后covid -19情景下的智能学习中。
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引用次数: 0
Is “regional culture” a meaningful concept? Cultural differences across 60 Russian regions “地域文化”是一个有意义的概念吗?俄罗斯60个地区的文化差异
Pub Date : 2023-06-29 DOI: 10.1108/ccsm-07-2022-0126
M. Minkov, B. Sokolov, E. Ponarin, A. Almakaeva, Ekaterina Nastina
PurposeThere is an increasing interest in the international management literature in cultural differences between in-country regions. Yet, the regions of any country may be merely political products and not necessarily cultural units. The goal of this article is to propose clear empirical criteria for deciding if a set of entities, such as a country's administrative regions, can be legitimate units of cross-cultural analysis and to test these criteria in an empirical study.Design/methodology/approachThe authors review the literature on what constitutes a unit of cross-cultural analysis and propose empirical criteria. For instance, the regions of a given country are meaningful units of cross-cultural analysis if one can replicate (an) established dimension(s) of culture at the regional level, including some of the dimension(s)' antecedents and predictive properties. The authors apply this test in the context of the Russian Federation (RF), using an RF database (18,768 respondents from 60 administrative regions) with items borrowed from the World Values Survey.FindingsThe RF regions pass the authors’ test. At the regional level, the selected items yield an individualism-collectivism (IDV-COLL) dimension that is similar to its nation-level counterpart in the revised Minkov-Hofstede model in terms of concept and antecedents (wealth differences and geographic latitude) and outcomes that are relevant in business (innovation rates and quality of governance). The authors also find other patterns that confirm the properties of RF regions as meaningful units of cultural analysis.Research limitations/implicationsThe authors’ criteria and the test based on them are suitable for large countries, with significant geo-climatic variety and ethnic diversity, but may be inapplicable in small countries with less diversity. It is questionable if the latter countries contain enough cultural variation to justify a cross-cultural analysis of their sub-national regions.Practical implicationsThe authors’ criteria can be used in future research in any large country to decide if its regions justify a cross-cultural analysis in the field of management and business or any other field.Social implicationsCultural differences within a country are important as they may inform political and management decisions. Yet, to demonstrate that those differences are real, and not imaginary, one needs a methodology like the authors’.Originality/valueThe study contributes to the discussion of the meaningfulness of in-country regions as cultural units for cross-cultural analysis in international business by focusing on the RF.
国际管理文献对国内地区文化差异的兴趣越来越大。然而,任何国家的地区都可能仅仅是政治产物,而不一定是文化单位。本文的目的是提出明确的实证标准,以决定一组实体(如一个国家的行政区域)是否可以作为跨文化分析的合法单位,并在实证研究中测试这些标准。设计/方法/方法作者回顾了关于跨文化分析单元构成的文献,并提出了经验标准。例如,如果一个国家的地区能够在地区层面复制文化的既定维度,包括一些维度的前因和预测属性,那么该地区就是跨文化分析的有意义的单位。作者在俄罗斯联邦(RF)的背景下应用了这一测试,使用了俄罗斯联邦数据库(来自60个行政区的18,768名受访者),其中的项目借用了世界价值观调查。发现射频区域通过了作者的测试。在区域层面上,所选项目产生的个人主义-集体主义(IDV-COLL)维度,在概念和前因(财富差异和地理纬度)以及与商业相关的结果(创新率和治理质量)方面,与修订后的Minkov-Hofstede模型中的国家层面相似。作者还发现了其他模式,证实了RF区域作为文化分析的有意义单位的特性。研究局限性/意义作者的标准和基于这些标准的检验适用于地理气候多样性和民族多样性显著的大国,但可能不适用于多样性较少的小国。后者是否包含足够的文化差异,以证明对其次民族地区进行跨文化分析是值得怀疑的。实际意义作者的标准可以用于未来在任何大国的研究,以决定其地区是否有理由在管理和商业领域或任何其他领域进行跨文化分析。社会影响一个国家内部的文化差异很重要,因为它们可能会影响政治和管理决策。然而,为了证明这些差异是真实的,而不是想象出来的,我们需要一种像作者那样的方法。原创性/价值本研究通过关注RF,有助于讨论国内地区作为国际商务跨文化分析的文化单位的意义。
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引用次数: 0
Struggling or juggling: work-life balance challenges of Western self-initiated women expatriates in the United Arab Emirates 挣扎或杂耍:在阿拉伯联合酋长国的西方自主女性侨民的工作与生活平衡挑战
Pub Date : 2023-06-06 DOI: 10.1108/ccsm-09-2022-0145
R. Tahir
PurposeThis qualitative study is grounded on in-depth interviews with 30 Western women self-initiated expatriate (SIEs) currently living and working in the UAE. When selecting the interviewees, the author used purposeful sampling to ensure a diverse sample of interviewees with respect to nationality, age, gender and occupation.Design/methodology/approachThe present study, drawing on boundary theory, aims to investigate the work–life balance (WLB) of Western women SIEs regarding how these women construct and manage the borders between the non-work and work lives in the United Arab Emirates (UAE).FindingsThe results demonstrate that women SIEs experience conflicts and enrichment during overseas employment. Both directions – the impact flowing from working life to personal life and vice versa – were significant. Different career and life phases appeared to be crucial to these experiences. The study also found that some women SIEs in the UAE experience high pressure in the WLB approaches, which are primarily impacted by the specific work–life environment in the UAE. Mostly, work–life boundaries are culturally and socially induced. Hence, many women SIEs encounter disparities between the robust work–life separations in the home country compared to the host country; women SIEs, therefore, need to relax the boundaries to adapt to the competitive work–life environment in the UAE.Originality/valueThe present study contributes to research on work–life boundary management approaches in local settings, such as UAE, by analyzing cross-cultural and individual dimensions. Moreover, although women are still a minority among SIEs, the number of women is increasing. As prior studies have mainly focused on male SIEs, more research is required focusing specifically on women with overseas jobs. The present study endeavors to fill this research gap.
本定性研究基于对目前在阿联酋生活和工作的30名西方女性外籍人士(si)的深度访谈。在选择受访者时,作者使用了有目的的抽样,以确保受访者在国籍,年龄,性别和职业方面的多样化样本。设计/方法/方法本研究利用边界理论,旨在调查阿拉伯联合酋长国(UAE)西方女性的工作生活平衡(WLB),探讨这些女性如何构建和管理非工作生活和工作生活之间的边界。研究结果表明,中国女性在海外就业期间经历了冲突和充实。这两个方向——从工作生活到个人生活的影响,以及从个人生活到工作生活的影响——都很重要。不同的职业和生活阶段似乎对这些经历至关重要。该研究还发现,阿联酋的一些女性在工作和生活方式方面压力很大,这主要受阿联酋特定的工作和生活环境的影响。大多数情况下,工作与生活的界限是由文化和社会因素引起的。因此,与东道国相比,许多妇女在母国遇到了强烈的工作与生活分离的差异;因此,女性需要放宽界限,以适应阿联酋竞争激烈的工作生活环境。本研究通过分析跨文化和个人维度,为阿联酋等地方环境下工作-生活边界管理方法的研究做出了贡献。此外,虽然妇女在国际组织中仍占少数,但妇女的人数正在增加。由于之前的研究主要集中在男性外籍人士身上,因此需要更多的研究专门针对海外工作的女性。本研究试图填补这一研究空白。
{"title":"Struggling or juggling: work-life balance challenges of Western self-initiated women expatriates in the United Arab Emirates","authors":"R. Tahir","doi":"10.1108/ccsm-09-2022-0145","DOIUrl":"https://doi.org/10.1108/ccsm-09-2022-0145","url":null,"abstract":"PurposeThis qualitative study is grounded on in-depth interviews with 30 Western women self-initiated expatriate (SIEs) currently living and working in the UAE. When selecting the interviewees, the author used purposeful sampling to ensure a diverse sample of interviewees with respect to nationality, age, gender and occupation.Design/methodology/approachThe present study, drawing on boundary theory, aims to investigate the work–life balance (WLB) of Western women SIEs regarding how these women construct and manage the borders between the non-work and work lives in the United Arab Emirates (UAE).FindingsThe results demonstrate that women SIEs experience conflicts and enrichment during overseas employment. Both directions – the impact flowing from working life to personal life and vice versa – were significant. Different career and life phases appeared to be crucial to these experiences. The study also found that some women SIEs in the UAE experience high pressure in the WLB approaches, which are primarily impacted by the specific work–life environment in the UAE. Mostly, work–life boundaries are culturally and socially induced. Hence, many women SIEs encounter disparities between the robust work–life separations in the home country compared to the host country; women SIEs, therefore, need to relax the boundaries to adapt to the competitive work–life environment in the UAE.Originality/valueThe present study contributes to research on work–life boundary management approaches in local settings, such as UAE, by analyzing cross-cultural and individual dimensions. Moreover, although women are still a minority among SIEs, the number of women is increasing. As prior studies have mainly focused on male SIEs, more research is required focusing specifically on women with overseas jobs. The present study endeavors to fill this research gap.","PeriodicalId":373772,"journal":{"name":"Cross Cultural & Strategic Management","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125823994","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 cost of foreign ownership: Voluntary sustainability reporting and financial performance in an emerging economy 外国所有权的成本:一个新兴经济体的自愿可持续发展报告和财务表现
Pub Date : 2023-06-06 DOI: 10.1108/ccsm-09-2021-0165
Ru-Shiun Liou, Pi-Hui Ting, Ying-Yu Chen
PurposeMany emerging economy firms are under foreign owners' pressure to embrace the challenges of addressing corporate social responsibility (CSR) and consider adopting sustainability initiatives. However, it is not clear how foreign ownership plays a role to enable or inhibit these emerging economy firms from translating sustainability initiatives into improved financial performance. Utilizing neo-institutional theory, the authors argue that emerging economy firms that voluntarily report sustainability gain legitimacy in the eyes of shareholders and improve stock market performance. However, emerging economy firms may not have the resources to reconcile the internal stakeholders' various legitimacy requirements to promote sustainability practices, resulting in a negative association with accounting performance. Foreign ownership attenuates the relationship between sustainability reporting and firm performance due to the different legitimacy requirements in foreign markets.Design/methodology/approachTo test the study’s hypotheses, the authors collected and analyzed a large sample of publicly listed firms between 2010 and 2016 in Taiwan where the types of foreign ownership include foreign trust funds, foreign financial institutions and other foreign legal entities. Regression analyses were conducted to investigate whether the firms that report their sustainable practices have better financial performance, including stock market performance and accounting performance. Additionally, a three-step procedure was employed to address the endogeneity issue with a binary explanatory variable.FindingsThe positive stock market reaction to the emerging economy firms' voluntary sustainability reporting supports legitimacy gained among investors. By contrast, sustainability reporting has a negative association with accounting performance due to the difficulty of reconciling different legitimacy requirements among various stakeholders in emerging economies. Further, foreign ownership, particularly the trust fund, exhibits a negative moderating effect on the relationship between sustainability reporting in aligning corporate practices with sustainable development goals (SDGs) and the company's stock market performance.Originality/valueBy examining the less tested contingent role played by foreign ownership in the emerging economy firms' sustainability reporting, the authors provide insights into the influence exerted by different types of foreign ownership on firms' financial performances beyond previous studies that focus on family ownership, state ownership, or managerial ownership in emerging economies. The findings shed light on corporate sustainability strategy and foreign direct investment policies for an emerging economy.
目的:许多新兴经济体公司在外国所有者的压力下,接受解决企业社会责任(CSR)的挑战,并考虑采取可持续发展举措。然而,尚不清楚外资所有权如何发挥作用,使或阻碍这些新兴经济体公司将可持续发展举措转化为改善的财务绩效。利用新制度理论,作者认为,自愿报告可持续性的新兴经济体公司在股东眼中获得合法性,并改善股市表现。然而,新兴经济体企业可能没有资源来协调内部利益相关者的各种合法性要求,以促进可持续性实践,从而导致与会计绩效的负相关。由于国外市场不同的合法性要求,外国所有权削弱了可持续发展报告与公司绩效之间的关系。为了验证研究的假设,作者收集并分析了2010年至2016年间台湾上市公司的大量样本,其中外资所有权类型包括外国信托基金,外国金融机构和其他外国法人实体。进行回归分析,以调查报告其可持续实践的公司是否有更好的财务绩效,包括股票市场绩效和会计绩效。此外,采用三步程序来解决二元解释变量的内生性问题。股市对新兴经济体企业自愿提交可持续发展报告的积极反应支持了投资者对其合法性的认可。相比之下,由于难以协调新兴经济体中不同利益相关者之间不同的合法性要求,可持续发展报告与会计绩效呈负相关。此外,外资所有权,特别是信托基金,对可持续发展报告与可持续发展目标(sdg)的企业实践与公司股票市场表现之间的关系表现出负向调节作用。原创性/价值通过考察外国所有权在新兴经济体公司可持续发展报告中较少被检验的偶然作用,作者提供了不同类型的外国所有权对公司财务绩效的影响的见解,超越了先前关注新兴经济体家族所有权、国家所有权或管理所有权的研究。研究结果为新兴经济体的企业可持续发展战略和外国直接投资政策提供了启示。
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引用次数: 1
Managing interorganizational renqing practices in high-performance organizations in Taiwan: the when, where and how of renqing giving 台湾高绩效组织的组织间仁情实践管理:仁情给予的时间、地点和方式
Pub Date : 2023-05-30 DOI: 10.1108/ccsm-05-2022-0074
Wei Hui, Houn-Gee Chen, Yi-Te Chiu, M. Raskovic
PurposeRelationships are a critical success factor for business operations across markets with dominant Chinese culture, like Taiwan. The intersection of a high-quality institutional environment and a traditional Chinese cultural background in Taiwan provides a unique setting for exploring different types of relational mechanisms and ensuing renqing practices (i.e. reciprocal exchange of favors with empathy). The purpose of this paper is to examine when, where and how Taiwanese high-performance organizations manage and deploy interorganizational renqing across their business relationship portfolios. Answering these questions can help build a theory of interorganizational renqing and advance interorganizational reciprocity theorization more generally.Design/methodology/approachThis research is motivated by two key research questions. First is related to how renqing givers understand renqing in the context of their organizations and their interorganizational business relationship portfolios. Second, whether organizations prefer a neutral renqing balance, a renqing debt or a renqing surplus is another point of interest. The study is based on interviews with upper echelon elite informants at six high-performing Taiwanese organizations with business relationship portfolios worldwide.FindingsIt is found that interorganizational renqing is deployed as a hybrid resource, taking on the functions of both an investment and a type of insurance against risk. Two notable differences between interorganizational and interpersonal renqing are also noted. First, the social exchange norm aspect of renqing points to salient social exchange norms also in interorganizational exchanges. This confirms the importance of understanding not only the regulative and normative dimensions of business relationships, as a type of institution, but also the cognitive dimensions and underlying institutional logics. Second, this study shows that unlike at the interpersonal level, the notion of renqing debt is not common at the interorganizational level – at least not within high-performance organizations with market leader positions.Originality/valueThis study explores interorganizational renqing practices and their strategic deployment through the use of “accessing” and “embedding” relational mechanisms. The study also adds to the poorly understood nature of interorganizational reciprocity and provides support for developing a theory of interorganizational renqing, as a form of interorganizational reciprocity within a Chinese cultural context.
在中国文化占主导地位的市场(如台湾),关系是商业运作成功的关键因素。台湾高质量的制度环境与中国传统文化背景的交集,为探索不同类型的关系机制和随之而来的仁情实践(即以同理心交换好感)提供了独特的环境。本文旨在探讨台湾高绩效组织在何时、何地以及如何在其业务关系组合中管理和部署组织间仁情。回答这些问题有助于构建组织间仁情理论,更广泛地推进组织间互惠理论。设计/方法/方法本研究的动机是两个关键的研究问题。首先是关于仁情给予者如何在其组织和组织间业务关系组合的背景下理解仁情。其次,企业是喜欢中性的人债余额、人债债务还是人债盈余,这是另一个关注点。本研究基于对六家在全球拥有业务关系的高绩效台湾组织的上层精英线人的访谈。研究发现,组织间人力资源是一种混合资源,既具有投资功能,又具有风险保险功能。本文还指出了组织间和人际间仁情之间的两个显著差异。首先,人情的社会交换规范方面指的是组织间交流中突出的社会交换规范。这证实了理解商业关系作为一种制度的规范性和规范性维度,以及认知维度和潜在制度逻辑的重要性。其次,本研究表明,与人际层面不同,任情债的概念在组织间层面并不常见——至少在拥有市场领导者地位的高绩效组织中并不常见。创新/价值本研究通过使用“获取”和“嵌入”关系机制,探索组织间仁情实践及其战略部署。该研究还补充了人们对组织间互惠的理解不足的本质,并为发展组织间仁情理论提供了支持,作为中国文化背景下组织间互惠的一种形式。
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引用次数: 0
Mission drift or mission fulfillment? Examining microfinance's financial and social performance with growth curve modeling and variance decomposition 任务漂移还是任务完成?用增长曲线模型和方差分解检验小额信贷的财务和社会绩效
Pub Date : 2023-05-05 DOI: 10.1108/ccsm-07-2021-0125
Peiyi Jia, S. L. Sun
PurposeExamining multilevel effects of financial and social performance of microfinance institutions (MFIs), the authors aim to investigate microfinance mission drift from the trend effect. The authors also seek to move the literature forward by decomposing the performance variance at different levels and examining whether and how much each level of analysis matters.Design/methodology/approachGrowth curve modeling and variance decomposition analysis were conducted using a dataset consisting of 17,953 observations of 2,902 microfinance institutions in 122 countries from 1999 to 2017.FindingsThe study's result shows no evidence of mission drift in the microfinance industry. While MFIs improve their economic returns, they also increase the depth of outreach. In addition, firm-level heterogeneity is the dominant effect which explains 44% of the variance in microfinance financial performance (ROA) and 39% of the variance in social performance (Depth of outreach). The country-level is more critical in explaining financial performance (ROA) than social performance (Depth of outreach), accounting for 11 and 32% of the total variance, respectively. In particular, the interplay between the country-level and organizational-category level accounts for 9 and 11% of the total variance in financial performance (ROA) and social performance (Depth of outreach), respectively.Originality/valueThis study’s multilevel analysis of microfinance performances moves the literature forward by responding to the debate on microfinance mission drift and providing a comprehensive overview of both social and financial performance. By focusing on the trend effect, the result of our models shows that MFIs improve both financial and social performance to fulfill dual missions. The microfinance business model becomes sustainable over time. The study's results of country effect and its interaction effect with different organizational categories reveal the prominence of a good policy design on MFI's mission fulfillment.
目的考察小额信贷机构财务绩效和社会绩效的多层次效应,从趋势效应的角度探讨小额信贷使命漂移。作者还试图通过分解不同层次的绩效差异,并检查每个层次的分析是否重要以及有多重要,来推动文献的发展。设计/方法/方法使用由1999年至2017年122个国家2902家小额信贷机构的17,953个观察结果组成的数据集进行增长曲线建模和方差分解分析。研究结果表明,没有证据表明小额信贷行业存在使命漂移。小额信贷机构在提高其经济回报的同时,也增加了外联的深度。此外,公司层面的异质性是主导效应,它解释了小额信贷财务绩效(ROA)中44%的差异和社会绩效(外展深度)中39%的差异。在解释财务绩效(ROA)方面,国家层面比社会绩效(外展深度)更为关键,分别占总方差的11%和32%。特别是,国家层面和组织类别层面之间的相互作用分别占财务绩效(ROA)和社会绩效(外展深度)总方差的9%和11%。原创性/价值本研究对小额信贷绩效的多层次分析通过回应小额信贷使命漂移的辩论并提供社会和财务绩效的全面概述,推动了文献的发展。通过关注趋势效应,我们的模型结果表明小额信贷机构同时提高了财务绩效和社会绩效,实现了双重使命。随着时间的推移,小额信贷业务模式变得可持续。国家效应及其与不同组织类别的交互效应的研究结果揭示了良好的政策设计对小额信贷机构使命履行的重要作用。
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引用次数: 2
Toward improved international joint ventures performance in India: the mediating role of ambidexterity and the moderating role of environmental dynamism 印度国际合资企业绩效的改善:双元性的中介作用和环境动力的调节作用
Pub Date : 2023-04-18 DOI: 10.1108/ccsm-08-2022-0142
Ishita Batra, Sanjay Dhir
PurposePerformance has been a significant concern of the international joint ventures (IJVs) literature. This paper aims to empirically capture the impact of firm-level factors on IJVs performance in India. The authors investigate the mediating effects of ambidexterity between the factors and IJVs performance. Additionally, environmental dynamism as a moderator between ambidexterity and IJVs performance is examined.Design/methodology/approachThis study performs structural equation modeling using the data of 501 IJVs between India and G7 nations from 2010 to 2020.FindingsThe result reveals the ambidexterity's mediation effects in the relationships between factors (technology transfer and flexibility) and IJVs performance. Furthermore, the findings indicate that a highly dynamic environment moderates the relationship between ambidexterity and the performance of IJVs.Research limitations/implicationsThis study has investigated the nexus between technology transfer, flexibility, ambidexterity and IJVs performance in the context of Indian IJVs. It has highlighted the importance of firm-level factors in cross-cultural joint ventures in achieving performance.Originality/valueThe study establishes the impact of firm-level antecedents on IJVs performance in India. The study highlights the importance of ambidexterity and environmental dynamism in order to achieve IJVs performance.
目的绩效一直是国际合资企业(IJVs)文献中关注的一个重要问题。本文旨在从经验上捕捉企业层面因素对印度合资企业绩效的影响。本文探讨了双元性因素对中小企业绩效的中介作用。此外,环境动态性作为双灵巧性和企业绩效之间的调节因素进行了研究。设计/方法/方法本研究使用2010年至2020年印度和G7国家之间501家合资企业的数据进行结构方程建模。研究结果表明,双元性在技术转移和柔性因素对企业绩效的影响中具有中介作用。此外,研究结果表明,高度动态的环境调节了双灵巧性与内部人绩效之间的关系。研究局限/启示本研究以印度合资企业为研究对象,探讨了技术转移、灵活性、双灵巧性与合资企业绩效之间的关系。它强调了跨文化合资企业中公司一级因素对实现业绩的重要性。原创性/价值本研究确立了公司层面的前因对印度合资企业绩效的影响。该研究强调了为了实现IJVs的绩效,双灵巧性和环境动态性的重要性。
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引用次数: 0
Effect of equity checks and balances on corporate social responsibility: A moderated mediating effect 股权制衡对企业社会责任的影响:一个有调节的中介效应
Pub Date : 2023-04-14 DOI: 10.1108/ccsm-12-2022-0214
PurposeThe purpose of this paper is to analyze the interaction between internal factors of corporate governance, especially the relationship between equity checks and balances and corporate social responsibility (CSR), and further analyze the mediating of green innovation performance and the moderating role of environmental uncertainty.Design/methodology/approachThis study adopts a sample of Chinese A-share listed companies on the Shanghai and Shenzhen stock exchanges from 2012 to 2020 constructed a regulated mediation effect model, empirically tests the impact of equity checks and balances on CSR and the mediation and mediator roles of green innovation performance and environmental uncertainty.Findings(1) Equity checks and balances among shareholders have a significant positive impact on CSR. (2) Equity checks and balances have a positive impact on green innovation performance, green innovation performance has a positive impact on CSR and green innovation performance plays a partial mediation effect between equity checks and balances and CSR. (3) Additionally, environmental uncertainty not only moderates the relationship between Green Innovation Performance and CSR but also moderates the direct effect between equity balance and CSR, which verifies the existence of a moderated mediation effect.Research limitations/implicationsThe study only considers listed companies on the Shanghai and Shenzhen stock markets as the research sample and does not include unlisted and gem enterprises.Practical implicationsThe present research can offer some managerial implications about implementing equity checks and balances among shareholders, actively fulfilling CSR and developing new products.Social implicationsThis study complements previous studies on the role of green innovation in corporate governance by exploring the impact of green innovation on equity checks and balances and CSR. And this study explores the dynamic moderating of environmental uncertainty within enterprises and provides another explanation for the mixed results of equity checks and balances, green innovation performance and CSR.Originality/valueBy demonstrating the influence of the ownership structure of A-shares listed companies on CSR, this paper provides a new and comprehensive theoretical framework to examine the interaction between equity checks and balances, green innovation performance, environmental uncertainty and CSR. The results can be used as a reference for corporate governance, improving innovation performance and fulfilling CSR.
目的分析公司治理内部因素之间的相互作用,特别是股权制衡与企业社会责任(CSR)之间的关系,并进一步分析绿色创新绩效的中介作用和环境不确定性的调节作用。本研究以2012 - 2020年沪深两市a股上市公司为样本,构建了监管中介效应模型,实证检验了股权制衡对企业社会责任的影响以及绿色创新绩效与环境不确定性的中介和中介作用。研究发现(1)股东间股权制衡对企业社会责任具有显著的正向影响。(2)股权制衡对绿色创新绩效有正向影响,绿色创新绩效对企业社会责任有正向影响,绿色创新绩效在股权制衡与企业社会责任之间起部分中介作用。(3)此外,环境不确定性不仅调节了绿色创新绩效与企业社会责任之间的关系,还调节了股权平衡与企业社会责任之间的直接效应,验证了中介效应的调节存在。研究局限/启示本研究仅以沪深两市上市公司为研究样本,未包括非上市企业和创业板企业。实践启示本研究对企业实施股东间股权制衡、积极履行企业社会责任、开发新产品具有一定的管理启示。本研究通过探讨绿色创新对股权制衡和企业社会责任的影响,对绿色创新在公司治理中的作用的研究进行了补充。本研究探讨了企业内部环境不确定性的动态调节,为股权制衡、绿色创新绩效和企业社会责任的混合结果提供了另一种解释。原创性/价值本文通过展示a股上市公司股权结构对企业社会责任的影响,为考察股权制衡、绿色创新绩效、环境不确定性与企业社会责任之间的相互作用提供了一个新的、全面的理论框架。研究结果可为公司治理、提高创新绩效和履行企业社会责任提供参考。
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引用次数: 0
Expatriation and repatriation as one integrated process: the roles of developmental assignments, repatriate turnover, employee willingness for expatriation and repatriation support practices 作为一个综合过程的外派和回国:发展任务的作用、回国人员的更替、雇员对外派和回国支助做法的意愿
Pub Date : 2023-04-07 DOI: 10.1108/ccsm-08-2021-0142
Chun-Hsiao Wang
PurposeThis paper aims to integrate the perspectives of expatriation and repatriation not as two unrelated stages but rather as one integrated process.Design/methodology/approachA sample comprising 94 human resource (HR) representatives from large Taiwanese multinational corporations (MNCs) provided objective data on the organizational expatriate/repatriate practices.FindingsThe use of developmental assignments was positively related to organizational repatriate turnover, but such a positive relationship was significant only when MNCs used low levels of repatriation support practices. Organizational repatriate turnover was negatively related to employee willingness for expatriation and the use of developmental assignments increased employee willingness for expatriation. Organizational repatriate turnover was a competitive mediator between the use of developmental assignments and employee willingness for expatriation. Moreover, organizational repatriate turnover mediated the relationship when MNCs used low levels of repatriation support practices, but not when MNCs used high levels of repatriation support practices.Practical implicationsMNCs should ensure the use of development assignments is matched with high levels of repatriation support practices and treat expatriation and repatriation management as one integrated process.Originality/valueAs the world economy becomes more integrated, MNCs are increasingly challenged in their efforts to send employees abroad on expatriate assignments that are developmental by design, to reduce organizational repatriate turnover and to increase employee willingness for expatriation. However, there is a lack of understanding about how they are all linked.
本文的目的是整合外派和遣返的观点,而不是作为两个不相关的阶段,而是作为一个整体的过程。设计/方法/方法由来自台湾大型跨国公司(MNCs)的94名人力资源(HR)代表组成的样本提供了有关组织外派/遣返实践的客观数据。研究结果:发展任务的使用与组织遣返流动率呈正相关,但只有当跨国公司使用低水平的遣返支持实践时,这种正相关关系才显着。组织遣返流动率与员工的外派意愿呈负相关,发展性任务的使用增加了员工的外派意愿。组织调回人员流动率是发展性任务的使用与员工调回意愿之间的竞争性中介。此外,当跨国公司使用低水平的遣返支持实践时,组织遣返流失率在这种关系中起中介作用,而当跨国公司使用高水平的遣返支持实践时,组织遣返流失率则不起中介作用。实际影响跨国公司应确保发展任务的使用与高水平的遣返支助做法相匹配,并将派遣和遣返管理视为一个综合过程。原创性/价值随着世界经济一体化程度的提高,跨国公司在将员工派往国外进行设计为发展性的外派任务,以减少组织的回国流动率和提高员工的外派意愿方面面临越来越大的挑战。然而,人们对它们之间的联系缺乏了解。
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引用次数: 0
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Cross Cultural & Strategic Management
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