Pub Date : 2022-09-07DOI: 10.1080/10669868.2022.2118925
A. Cieślik, Monika Tarsalewska
Abstract This paper studies determinants of international mergers and acquisitions (M&As) in Poland using the predictions of the knowledge capital model of multinational enterprise. The empirical implementation of the theory is based on the negative binomial model and the bilateral dataset covering 143 countries over the period 1995–2015. Our estimation results indicate that M&As in Poland are explained by both differences in relative factor endowments and in market size which confirms the importance of both market seeking and efficiency seeking motives. Moreover, the efficiency seeking motive is losing its importance over time while the market seeking motive becomes more important.
{"title":"European Integration and International M&As: The Case of Poland","authors":"A. Cieślik, Monika Tarsalewska","doi":"10.1080/10669868.2022.2118925","DOIUrl":"https://doi.org/10.1080/10669868.2022.2118925","url":null,"abstract":"Abstract This paper studies determinants of international mergers and acquisitions (M&As) in Poland using the predictions of the knowledge capital model of multinational enterprise. The empirical implementation of the theory is based on the negative binomial model and the bilateral dataset covering 143 countries over the period 1995–2015. Our estimation results indicate that M&As in Poland are explained by both differences in relative factor endowments and in market size which confirms the importance of both market seeking and efficiency seeking motives. Moreover, the efficiency seeking motive is losing its importance over time while the market seeking motive becomes more important.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":"29 1","pages":"26 - 45"},"PeriodicalIF":1.5,"publicationDate":"2022-09-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44086092","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 : 2022-09-05DOI: 10.1080/10669868.2022.2115183
Hyun Mi Park
Abstract It is frequently argued that Talent Management (TM) has been derived from Western, and there are gaps between spread westernized TM format and contexts of non-western countries when TM is adopted and practiced in a business daily basis. The cultural and institutional gaps to adopt TM are analyzed in this paper through comparing the differences in TM practices between foreign owned subsidiaries and local firms in South Korea using an institutional theory lens. A mixed method approach including 55 semi-structured interviews from South Korean and non-South Korean employees and 155 survey responses is employed. This paper results revealed the clear distinctions that indigenous firms practice inclusive and implicit TM, whereas foreign firms practice global standard exclusive TM program South Korean firms are developing very specific approaches within their traditional cultures such as collectivism and Confucianism to manage talent, and also local employees evaluate this tailored TM approach is effective like other foreign MNCs’ exclusive TM approach. Firms experience and respond to the external exigencies in very different ways and tendencies for isomorphism cannot be assumed.
{"title":"Don't Worry, I Know What I'm Doing: Talent Management Practices between South Korean and Foreign-Owned Firms","authors":"Hyun Mi Park","doi":"10.1080/10669868.2022.2115183","DOIUrl":"https://doi.org/10.1080/10669868.2022.2115183","url":null,"abstract":"Abstract It is frequently argued that Talent Management (TM) has been derived from Western, and there are gaps between spread westernized TM format and contexts of non-western countries when TM is adopted and practiced in a business daily basis. The cultural and institutional gaps to adopt TM are analyzed in this paper through comparing the differences in TM practices between foreign owned subsidiaries and local firms in South Korea using an institutional theory lens. A mixed method approach including 55 semi-structured interviews from South Korean and non-South Korean employees and 155 survey responses is employed. This paper results revealed the clear distinctions that indigenous firms practice inclusive and implicit TM, whereas foreign firms practice global standard exclusive TM program South Korean firms are developing very specific approaches within their traditional cultures such as collectivism and Confucianism to manage talent, and also local employees evaluate this tailored TM approach is effective like other foreign MNCs’ exclusive TM approach. Firms experience and respond to the external exigencies in very different ways and tendencies for isomorphism cannot be assumed.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":"29 1","pages":"1 - 25"},"PeriodicalIF":1.5,"publicationDate":"2022-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46873822","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 : 2022-09-02DOI: 10.1080/10669868.2022.2115182
Övünç Gürsoy, Emin Avci
Abstract This paper explores the impact of sovereign credit rating news from three credit rating agencies, namely Moody’s, Fitch, and Standard & Poors, on credit default swaps (CDS). We use an event study methodology to analyze how CDS spread reacts to sovereign CR (Credit Rating) rating news in 31 countries between 2005 and 2018. The effects of rating news on CDS spread are conditional on the prior status of the rating watch or outlook. The results show that CDS spreads respond significantly more toward negative rating news. We find that sovereign rating announcements have different effects in developed and emerging markets.
{"title":"The Impact of Sovereign Credit Rating News on Credit Default Swap Spreads","authors":"Övünç Gürsoy, Emin Avci","doi":"10.1080/10669868.2022.2115182","DOIUrl":"https://doi.org/10.1080/10669868.2022.2115182","url":null,"abstract":"Abstract This paper explores the impact of sovereign credit rating news from three credit rating agencies, namely Moody’s, Fitch, and Standard & Poors, on credit default swaps (CDS). We use an event study methodology to analyze how CDS spread reacts to sovereign CR (Credit Rating) rating news in 31 countries between 2005 and 2018. The effects of rating news on CDS spread are conditional on the prior status of the rating watch or outlook. The results show that CDS spreads respond significantly more toward negative rating news. We find that sovereign rating announcements have different effects in developed and emerging markets.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":"29 1","pages":"97 - 113"},"PeriodicalIF":1.5,"publicationDate":"2022-09-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45504051","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 : 2022-08-02DOI: 10.1080/10669868.2022.2106337
Saad A. Alhoqail, R. Zacca, Kristopher Floyd
Abstract The aim of this study is to investigate the impact of CMO dismissal on the firm’s financial performance. Regression analysis was used to test the theoretical model based on a data set of 99 CMOs leaving their firms. Drawing upon market signal and contingency theories, the study finds evidence for the positive effect of involuntary CMO departure on the firm’s net market value and finds a firm’s profitability moderates this effect such that the impact of CMO dismissal is larger for less profitable firms.
{"title":"Thrown under the Bus: The Signaling Role of CMO Dismissal and its Effect on Firm Value","authors":"Saad A. Alhoqail, R. Zacca, Kristopher Floyd","doi":"10.1080/10669868.2022.2106337","DOIUrl":"https://doi.org/10.1080/10669868.2022.2106337","url":null,"abstract":"Abstract The aim of this study is to investigate the impact of CMO dismissal on the firm’s financial performance. Regression analysis was used to test the theoretical model based on a data set of 99 CMOs leaving their firms. Drawing upon market signal and contingency theories, the study finds evidence for the positive effect of involuntary CMO departure on the firm’s net market value and finds a firm’s profitability moderates this effect such that the impact of CMO dismissal is larger for less profitable firms.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":"28 1","pages":"388 - 403"},"PeriodicalIF":1.5,"publicationDate":"2022-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43124624","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 : 2022-07-26DOI: 10.1080/10669868.2022.2102703
G. Brock
Abstract Counterfactual estimates of excess deaths in Russian regions in 2020 are compared with actual deaths to measure the initial COVID impact. COVID is a real threat to high labor productivity regions and those with relatively bigger defense sectors. Corruption is surprisingly found to lower excess deaths. Legacy Soviet human capital and early Putin era democracy don’t appear to impact excess deaths. Urban males are most threatened with an even greater negative impact on the economy as COVID moves into working age brackets in the medium term. Living in rural areas and/or in regions far from Moscow was relatively safer in 2020.
{"title":"Excess Pandemic Mortality in Russia’s Regions in 2020","authors":"G. Brock","doi":"10.1080/10669868.2022.2102703","DOIUrl":"https://doi.org/10.1080/10669868.2022.2102703","url":null,"abstract":"Abstract Counterfactual estimates of excess deaths in Russian regions in 2020 are compared with actual deaths to measure the initial COVID impact. COVID is a real threat to high labor productivity regions and those with relatively bigger defense sectors. Corruption is surprisingly found to lower excess deaths. Legacy Soviet human capital and early Putin era democracy don’t appear to impact excess deaths. Urban males are most threatened with an even greater negative impact on the economy as COVID moves into working age brackets in the medium term. Living in rural areas and/or in regions far from Moscow was relatively safer in 2020.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":"28 1","pages":"372 - 387"},"PeriodicalIF":1.5,"publicationDate":"2022-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43235173","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 : 2022-07-22DOI: 10.1080/10669868.2022.2101170
Nikolaos Varotsis
Abstract Telecommuting can be a necessary and excellent means of maintaining work activity in emergencies such as the coronavirus disease 2019 (COVID-19) pandemic, when a physical workplace is unfeasible. However, it may exacerbate work–family interfaces, burden daily personal life, and negatively affect employees’ mental health. This study explored how telecommuting relates to work–family conflict during the COVID-19 pandemic, analyzing the data of 836 managers and employees from three major service sectors: tourism, public services, and retail. Relationships among variables were evaluated using linear regression. Based on the results, telecommuting violates the boundaries of work and family life.
{"title":"Impact of Telecommuting on Work-Family Conflict and Attitudes Among Greek Employees in Some Service Industries; Based on Working Restrictions During COVID-19","authors":"Nikolaos Varotsis","doi":"10.1080/10669868.2022.2101170","DOIUrl":"https://doi.org/10.1080/10669868.2022.2101170","url":null,"abstract":"Abstract Telecommuting can be a necessary and excellent means of maintaining work activity in emergencies such as the coronavirus disease 2019 (COVID-19) pandemic, when a physical workplace is unfeasible. However, it may exacerbate work–family interfaces, burden daily personal life, and negatively affect employees’ mental health. This study explored how telecommuting relates to work–family conflict during the COVID-19 pandemic, analyzing the data of 836 managers and employees from three major service sectors: tourism, public services, and retail. Relationships among variables were evaluated using linear regression. Based on the results, telecommuting violates the boundaries of work and family life.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":"28 1","pages":"350 - 371"},"PeriodicalIF":1.5,"publicationDate":"2022-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42861840","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 : 2022-07-05DOI: 10.1080/10669868.2022.2094522
A. Veselova, A. Sidorenko
Abstract To resolve and mitigate the ecological crisis, proactive approaches from businesses across all sectors and sizes are an imperative, with governments encouraging and pressuring them to move toward environmental sustainability. However, not all enterprises are ready to adopt EMPs, and those that do, differ substantially in the extent of their implementation. Based on the data from 984 Russian SMEs, the paper investigates how firm-specific characteristics impact the comprehensiveness of environmental management practices in Russian SMEs and confirms that a firm size, foreign ownership, and innovativeness all positively and significantly influence the extent of SMEs’ engagement in environmental practices.
{"title":"The Impact of Firm Characteristics on Adoption of Environmental Management Practices in Russian SMEs","authors":"A. Veselova, A. Sidorenko","doi":"10.1080/10669868.2022.2094522","DOIUrl":"https://doi.org/10.1080/10669868.2022.2094522","url":null,"abstract":"Abstract To resolve and mitigate the ecological crisis, proactive approaches from businesses across all sectors and sizes are an imperative, with governments encouraging and pressuring them to move toward environmental sustainability. However, not all enterprises are ready to adopt EMPs, and those that do, differ substantially in the extent of their implementation. Based on the data from 984 Russian SMEs, the paper investigates how firm-specific characteristics impact the comprehensiveness of environmental management practices in Russian SMEs and confirms that a firm size, foreign ownership, and innovativeness all positively and significantly influence the extent of SMEs’ engagement in environmental practices.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":"28 1","pages":"323 - 349"},"PeriodicalIF":1.5,"publicationDate":"2022-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47275027","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 : 2022-05-18DOI: 10.1080/10669868.2022.2074186
M. Latukha, Anna Kriklivetc, Felix V. Podgainyi
Abstract Implementation of diverse talent management (TM) practices allows enhancing diversity and inclusion and may influence organizational outcomes. The paper investigates the relationship between generation diverse TM practices and firm performance. We use the data from 82 companies to reveal factors that shape generation diverse TM practices. We claim that there is a positive link between those practices and firm performance. We also find that the way of thinking and decision-making, the level of responsibility, the reaction to changes and innovations, the skillset, and the level of ambition tend to vary among generations and that these factors determine TM practices for generations.
{"title":"Generation Diverse Talent Management Practices: Main Determinants and its Influence on Firm Performance","authors":"M. Latukha, Anna Kriklivetc, Felix V. Podgainyi","doi":"10.1080/10669868.2022.2074186","DOIUrl":"https://doi.org/10.1080/10669868.2022.2074186","url":null,"abstract":"Abstract Implementation of diverse talent management (TM) practices allows enhancing diversity and inclusion and may influence organizational outcomes. The paper investigates the relationship between generation diverse TM practices and firm performance. We use the data from 82 companies to reveal factors that shape generation diverse TM practices. We claim that there is a positive link between those practices and firm performance. We also find that the way of thinking and decision-making, the level of responsibility, the reaction to changes and innovations, the skillset, and the level of ambition tend to vary among generations and that these factors determine TM practices for generations.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":"28 1","pages":"291 - 322"},"PeriodicalIF":1.5,"publicationDate":"2022-05-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41342755","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 : 2022-05-10DOI: 10.1080/10669868.2022.2072045
A. Coşkun, H. Metin, C. Kuzey
Abstract Strategy development and appropriate organizational structure are crucial for the management of non-governmental organizations (NGOs). Performance is also an essential concept for NGOs, even they perform on a volunteer basis. This study focuses on NGO’s strategy and organizational structure and tests their mediating roles between contingency factors (environmental predictability and information technology usage) and performance indicators (effectiveness and sustainability). This study supported empirical results from a survey and utilized a structural equation model. The results indicate that partial mediation exists among all the mentioned contingency variables and performance indicators via structure and between environment and effectiveness via structure.
{"title":"Mediating Effects of Strategy and Structure between Environmental Predictability, Information Technology Usage and the Performance of NGOs","authors":"A. Coşkun, H. Metin, C. Kuzey","doi":"10.1080/10669868.2022.2072045","DOIUrl":"https://doi.org/10.1080/10669868.2022.2072045","url":null,"abstract":"Abstract Strategy development and appropriate organizational structure are crucial for the management of non-governmental organizations (NGOs). Performance is also an essential concept for NGOs, even they perform on a volunteer basis. This study focuses on NGO’s strategy and organizational structure and tests their mediating roles between contingency factors (environmental predictability and information technology usage) and performance indicators (effectiveness and sustainability). This study supported empirical results from a survey and utilized a structural equation model. The results indicate that partial mediation exists among all the mentioned contingency variables and performance indicators via structure and between environment and effectiveness via structure.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":"28 1","pages":"270 - 290"},"PeriodicalIF":1.5,"publicationDate":"2022-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43399647","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 : 2022-04-03DOI: 10.1080/10669868.2022.2077505
B. Ayenew
Abstract This study investigates the impact of remittance inflow on the economic growth of sub-Saharan African countries by considering the role of financial sector development, institutional quality, and economic freedom. The study includes 26 sub-Sahara African countries over the period 2010–2019. By employing the two-step system GMM, the finding shows remittance alone hurts economic growth. When remittance interacts with financial sector development, institutional quality, and economic growth, the coefficient of the interaction term is positive. The study concludes that a well-developed financial sector, better institutional quality, and economic freedom mitigates the negative impact of remittance inflow on economic growth.
{"title":"Can Remittance Inflow Fosters Economic Growth? What Matters? Evidence from Sub-Sahara African Countries","authors":"B. Ayenew","doi":"10.1080/10669868.2022.2077505","DOIUrl":"https://doi.org/10.1080/10669868.2022.2077505","url":null,"abstract":"Abstract This study investigates the impact of remittance inflow on the economic growth of sub-Saharan African countries by considering the role of financial sector development, institutional quality, and economic freedom. The study includes 26 sub-Sahara African countries over the period 2010–2019. By employing the two-step system GMM, the finding shows remittance alone hurts economic growth. When remittance interacts with financial sector development, institutional quality, and economic growth, the coefficient of the interaction term is positive. The study concludes that a well-developed financial sector, better institutional quality, and economic freedom mitigates the negative impact of remittance inflow on economic growth.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":"28 1","pages":"150 - 163"},"PeriodicalIF":1.5,"publicationDate":"2022-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45123512","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}