Pub Date : 2021-07-16DOI: 10.1504/ijbpm.2021.116402
M. Osemeke
The focus of this study was to examine the business process reengineering (BPR) and Nigerian private sector organisational change management. The relevant literature was reviewed. In the realisation of the objectives, the study adopted a survey research design. The target population of 460 was the workers of OsemVenture Plc. in Edo State. The study samples of 170 staffs that related to BPR project and cut across gender were taken from the target population. A structured questionnaire was distributed to 170 respondents but 155 replies were acknowledged making a response percentage of 91%. 5 of the responses were badly completed. Thus, the useable sample size was reduced to 150 and the response rate reduced to 88%. The data collected were analysed using percentages. The study revealed amongst others the key success factors of BPR. The paper concludes and recommends that effective communication channels should be vigorously put in motion for the success of the change management process.
{"title":"Business process reengineering and Nigerian private sector organisations change management","authors":"M. Osemeke","doi":"10.1504/ijbpm.2021.116402","DOIUrl":"https://doi.org/10.1504/ijbpm.2021.116402","url":null,"abstract":"The focus of this study was to examine the business process reengineering (BPR) and Nigerian private sector organisational change management. The relevant literature was reviewed. In the realisation of the objectives, the study adopted a survey research design. The target population of 460 was the workers of OsemVenture Plc. in Edo State. The study samples of 170 staffs that related to BPR project and cut across gender were taken from the target population. A structured questionnaire was distributed to 170 respondents but 155 replies were acknowledged making a response percentage of 91%. 5 of the responses were badly completed. Thus, the useable sample size was reduced to 150 and the response rate reduced to 88%. The data collected were analysed using percentages. The study revealed amongst others the key success factors of BPR. The paper concludes and recommends that effective communication channels should be vigorously put in motion for the success of the change management process.","PeriodicalId":44434,"journal":{"name":"International Journal of Business Performance Management","volume":" ","pages":""},"PeriodicalIF":1.0,"publicationDate":"2021-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44986522","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 : 2021-07-16DOI: 10.1504/ijbpm.2021.10039427
M. Ibrahimi, M. Amine, Abdellatif Taghzouti
Using a sample of 610 operations over 15 years, our article aims to analyse value creation in mergers and acquisitions and its determinants in the MENA region, using event study method and multiple regression. Our results indicate that overall, mergers and acquisitions create more value for targets than they do for acquirers. In domestic deals, it is the acquirers who benefit the most, while in cross-border deals, it is the targets who profit the most. This value creation is impacted positively by mergers and negatively by acquisitions and by industry relatedness. Geographic scope, payment method, mergers and acquisition experience and target status have no effect on value creation.
{"title":"Determinants of value creation through mergers and acquisitions in the MENA region","authors":"M. Ibrahimi, M. Amine, Abdellatif Taghzouti","doi":"10.1504/ijbpm.2021.10039427","DOIUrl":"https://doi.org/10.1504/ijbpm.2021.10039427","url":null,"abstract":"Using a sample of 610 operations over 15 years, our article aims to analyse value creation in mergers and acquisitions and its determinants in the MENA region, using event study method and multiple regression. Our results indicate that overall, mergers and acquisitions create more value for targets than they do for acquirers. In domestic deals, it is the acquirers who benefit the most, while in cross-border deals, it is the targets who profit the most. This value creation is impacted positively by mergers and negatively by acquisitions and by industry relatedness. Geographic scope, payment method, mergers and acquisition experience and target status have no effect on value creation.","PeriodicalId":44434,"journal":{"name":"International Journal of Business Performance Management","volume":" ","pages":""},"PeriodicalIF":1.0,"publicationDate":"2021-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44111796","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 : 2021-07-16DOI: 10.1504/ijbpm.2021.10039426
D. Campisi, P. Mancuso, S. Mastrodonato, Donato Morea
Knowledge intensive business services (KIBS) are private enterprises or organisations mainly concerned with providing knowledge-intensive inputs to the business processes of other organisations, represent a core feature of the knowledge-based economy functioning and play an important role in local and regional economies as a source of added value. The paper investigates the application of data envelopment analysis (DEA) in conjunction with financial ratios analysis (FRA) to estimate and compare the performance of the KIBS industry in Italy over the period 2012-2017. In particular, we evaluated the three main segments that identify KIBS services. The empirical investigation proposed reveals that the results of FRA approach do not provide sufficient and complete information on the efficiency of KIBS firms, while major advantages behind using of DEA are related to its structural characteristic in measuring performance and identifying opportunities for possible efficiency improvements by looking at the differences between efficient companies and inefficient ones.
{"title":"An evaluation of knowledge intensive business services industry efficiency: the Italian case","authors":"D. Campisi, P. Mancuso, S. Mastrodonato, Donato Morea","doi":"10.1504/ijbpm.2021.10039426","DOIUrl":"https://doi.org/10.1504/ijbpm.2021.10039426","url":null,"abstract":"Knowledge intensive business services (KIBS) are private enterprises or organisations mainly concerned with providing knowledge-intensive inputs to the business processes of other organisations, represent a core feature of the knowledge-based economy functioning and play an important role in local and regional economies as a source of added value. The paper investigates the application of data envelopment analysis (DEA) in conjunction with financial ratios analysis (FRA) to estimate and compare the performance of the KIBS industry in Italy over the period 2012-2017. In particular, we evaluated the three main segments that identify KIBS services. The empirical investigation proposed reveals that the results of FRA approach do not provide sufficient and complete information on the efficiency of KIBS firms, while major advantages behind using of DEA are related to its structural characteristic in measuring performance and identifying opportunities for possible efficiency improvements by looking at the differences between efficient companies and inefficient ones.","PeriodicalId":44434,"journal":{"name":"International Journal of Business Performance Management","volume":" ","pages":""},"PeriodicalIF":1.0,"publicationDate":"2021-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45763871","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 : 2021-07-16DOI: 10.1504/IJBPM.2021.10038083
M. Osemeke
The focus of this study was to examine the business process reengineering (BPR) and Nigerian private sector organisational change management. The relevant literature was reviewed. In the realisation of the objectives, the study adopted a survey research design. The target population of 460 was the workers of OsemVenture Plc. in Edo State. The study samples of 170 staffs that related to BPR project and cut across gender were taken from the target population. A structured questionnaire was distributed to 170 respondents but 155 replies were acknowledged making a response percentage of 91%. 5 of the responses were badly completed. Thus, the useable sample size was reduced to 150 and the response rate reduced to 88%. The data collected were analysed using percentages. The study revealed amongst others the key success factors of BPR. The paper concludes and recommends that effective communication channels should be vigorously put in motion for the success of the change management process.
{"title":"BUSINESS PROCESS RE-ENGINEERING AND NIGERIAN PRIVATE SECTOR ORGANIZATIONS CHANGE MANAGEMENT","authors":"M. Osemeke","doi":"10.1504/IJBPM.2021.10038083","DOIUrl":"https://doi.org/10.1504/IJBPM.2021.10038083","url":null,"abstract":"The focus of this study was to examine the business process reengineering (BPR) and Nigerian private sector organisational change management. The relevant literature was reviewed. In the realisation of the objectives, the study adopted a survey research design. The target population of 460 was the workers of OsemVenture Plc. in Edo State. The study samples of 170 staffs that related to BPR project and cut across gender were taken from the target population. A structured questionnaire was distributed to 170 respondents but 155 replies were acknowledged making a response percentage of 91%. 5 of the responses were badly completed. Thus, the useable sample size was reduced to 150 and the response rate reduced to 88%. The data collected were analysed using percentages. The study revealed amongst others the key success factors of BPR. The paper concludes and recommends that effective communication channels should be vigorously put in motion for the success of the change management process.","PeriodicalId":44434,"journal":{"name":"International Journal of Business Performance Management","volume":"35 1","pages":""},"PeriodicalIF":1.0,"publicationDate":"2021-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66700137","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 : 2021-07-16DOI: 10.1504/ijbpm.2021.10039434
E. Rogova, Omar Boufama
This paper compares the profitability of French acquiring firms following the launch of corporate acquisition programs with that of single takeovers, by examining wealth of acquirers in both cases....
{"title":"Do single takeovers outperform corporate acquisition programs Evidence from the French stock market","authors":"E. Rogova, Omar Boufama","doi":"10.1504/ijbpm.2021.10039434","DOIUrl":"https://doi.org/10.1504/ijbpm.2021.10039434","url":null,"abstract":"This paper compares the profitability of French acquiring firms following the launch of corporate acquisition programs with that of single takeovers, by examining wealth of acquirers in both cases....","PeriodicalId":44434,"journal":{"name":"International Journal of Business Performance Management","volume":" ","pages":""},"PeriodicalIF":1.0,"publicationDate":"2021-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48532617","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 : 2021-07-16DOI: 10.1504/ijbpm.2021.10039435
A. Hmioui, Lhoussaine Alla, Badr Bentalha
A number of recent works have dealt with ethical investment funds, with a greater focus on the mechanisms by which these funds operate or are profitable. These studies have very rarely focused on their performance. The purpose of this paper is therefore to compare ethical and standard or conventional investment funds in terms of performance, focusing on the case of equity funds in Morocco and using the Sharpe index as a method of assessment. Overall, the statistical study shows a reconciliation of the average returns of the two samples and a divergence in terms of performance and risk. Taken individually, ethical values are well positioned in terms of profitability and much less so in terms of performance. Finally, contingency factors allowed a better understanding of the differences within the ethical group, both in terms of profitability and financial performance, in this case age and size.
{"title":"Performance of ethical and conventional investment funds: comparison and contingencies","authors":"A. Hmioui, Lhoussaine Alla, Badr Bentalha","doi":"10.1504/ijbpm.2021.10039435","DOIUrl":"https://doi.org/10.1504/ijbpm.2021.10039435","url":null,"abstract":"A number of recent works have dealt with ethical investment funds, with a greater focus on the mechanisms by which these funds operate or are profitable. These studies have very rarely focused on their performance. The purpose of this paper is therefore to compare ethical and standard or conventional investment funds in terms of performance, focusing on the case of equity funds in Morocco and using the Sharpe index as a method of assessment. Overall, the statistical study shows a reconciliation of the average returns of the two samples and a divergence in terms of performance and risk. Taken individually, ethical values are well positioned in terms of profitability and much less so in terms of performance. Finally, contingency factors allowed a better understanding of the differences within the ethical group, both in terms of profitability and financial performance, in this case age and size.","PeriodicalId":44434,"journal":{"name":"International Journal of Business Performance Management","volume":"1 1","pages":""},"PeriodicalIF":1.0,"publicationDate":"2021-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41359982","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 : 2021-07-16DOI: 10.1504/ijbpm.2021.10039436
S. Kanduri
The present study was taken up mainly to understand the level of knowledge regarding financial matters among college students in the city of Hyderabad, India, analyse the factors influencing it, given the socio-cultural factors prevailing in the family systems in India. This study was carried out through a financial literacy survey with college students as respondents using certain personal finance literacy indicators such as income and spending, savings and investment, credits and debt, insurance etc. The research shows that despite being introduced to basic financial matters at home, the students displayed moderate to poor financial knowledge and skills in money management and financial decision-making. The paper brings forth the pressing need to incorporate financial literacy as a part of the course curriculum to college students, the citizens of tomorrow, to make them successful individuals who can be contributories to their families, communities and the nation.
{"title":"Financial literacy knowledge assessment among college students in Hyderabad, India","authors":"S. Kanduri","doi":"10.1504/ijbpm.2021.10039436","DOIUrl":"https://doi.org/10.1504/ijbpm.2021.10039436","url":null,"abstract":"The present study was taken up mainly to understand the level of knowledge regarding financial matters among college students in the city of Hyderabad, India, analyse the factors influencing it, given the socio-cultural factors prevailing in the family systems in India. This study was carried out through a financial literacy survey with college students as respondents using certain personal finance literacy indicators such as income and spending, savings and investment, credits and debt, insurance etc. The research shows that despite being introduced to basic financial matters at home, the students displayed moderate to poor financial knowledge and skills in money management and financial decision-making. The paper brings forth the pressing need to incorporate financial literacy as a part of the course curriculum to college students, the citizens of tomorrow, to make them successful individuals who can be contributories to their families, communities and the nation.","PeriodicalId":44434,"journal":{"name":"International Journal of Business Performance Management","volume":" ","pages":""},"PeriodicalIF":1.0,"publicationDate":"2021-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43954275","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 : 2021-07-08DOI: 10.1504/ijbpm.2021.10039439
P. Hrytsiuk, T. Babych, O. Kardash
This research is devoted to the investment portfolio management. In the paper, we analysed the daily returns of the six most popular and profitable cryptocurrencies. To manage the risk, it is proposed to create a 'hybrid' portfolio by including stocks of one or two stable companies in the cryptocurrency portfolio. It is shown that the asset returns are not normally distributed, but with good precision follow the Cauchy distribution and the Laplace one. The risk assessments were derived by analytical expressions for the Cauchy and Laplace distribution functions respectively, using VaR technique. According to the correlation matrix between the cryptocurrencies returns and stocks returns, four investment portfolios were examined. The research has shown that the highest investment efficiency can be achieved by adding stocks to the cryptocurrency portfolio. The study of new statistics has made it possible to assess the impact of economic crisis on the return and risk of investment assets.
{"title":"Management of investment hybrid portfolio","authors":"P. Hrytsiuk, T. Babych, O. Kardash","doi":"10.1504/ijbpm.2021.10039439","DOIUrl":"https://doi.org/10.1504/ijbpm.2021.10039439","url":null,"abstract":"This research is devoted to the investment portfolio management. In the paper, we analysed the daily returns of the six most popular and profitable cryptocurrencies. To manage the risk, it is proposed to create a 'hybrid' portfolio by including stocks of one or two stable companies in the cryptocurrency portfolio. It is shown that the asset returns are not normally distributed, but with good precision follow the Cauchy distribution and the Laplace one. The risk assessments were derived by analytical expressions for the Cauchy and Laplace distribution functions respectively, using VaR technique. According to the correlation matrix between the cryptocurrencies returns and stocks returns, four investment portfolios were examined. The research has shown that the highest investment efficiency can be achieved by adding stocks to the cryptocurrency portfolio. The study of new statistics has made it possible to assess the impact of economic crisis on the return and risk of investment assets.","PeriodicalId":44434,"journal":{"name":"International Journal of Business Performance Management","volume":" ","pages":""},"PeriodicalIF":1.0,"publicationDate":"2021-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41641656","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 : 2021-07-08DOI: 10.1504/ijbpm.2021.116418
Mimoun Benali, Jawad El Ghalfiki
The venture capital market in Africa remains relatively undeveloped. But, over the last decade, Africa has received much interest from venture capitalists. It is one of the most attractive emerging markets. Investor confidence has increased due to the performance of venture capital firms. The objective of this study is to indicate the influence of public institutions and corporate governance on access to venture capital in Africa in 2019. Based on multiple regression analysis, the relationships between public institutions, corporate governance and access to venture capital are identified. The results show that the strength of auditing and accounting standards, business freedom, fiscal health and judicial effectiveness had significant and positive effects on access to venture capital. However, shareholder governance and trade freedom had significant and negative impacts on access to venture capital. The study underlines that policy-makers in Africa have a considerable interest in reinforcing the economic environment and corporate governance.
{"title":"Access to venture capital in Africa: the role of public institutions and corporate governance","authors":"Mimoun Benali, Jawad El Ghalfiki","doi":"10.1504/ijbpm.2021.116418","DOIUrl":"https://doi.org/10.1504/ijbpm.2021.116418","url":null,"abstract":"The venture capital market in Africa remains relatively undeveloped. But, over the last decade, Africa has received much interest from venture capitalists. It is one of the most attractive emerging markets. Investor confidence has increased due to the performance of venture capital firms. The objective of this study is to indicate the influence of public institutions and corporate governance on access to venture capital in Africa in 2019. Based on multiple regression analysis, the relationships between public institutions, corporate governance and access to venture capital are identified. The results show that the strength of auditing and accounting standards, business freedom, fiscal health and judicial effectiveness had significant and positive effects on access to venture capital. However, shareholder governance and trade freedom had significant and negative impacts on access to venture capital. The study underlines that policy-makers in Africa have a considerable interest in reinforcing the economic environment and corporate governance.","PeriodicalId":44434,"journal":{"name":"International Journal of Business Performance Management","volume":" ","pages":""},"PeriodicalIF":1.0,"publicationDate":"2021-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45832918","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 : 2021-07-08DOI: 10.1504/ijbpm.2021.10039440
Abdelati Hakmaoui, Hafssa Yerrou
This research empirically examines the bank strategy determinants in relationship lending and its impact on credit conditions when dealing with SMEs under an asymmetric information context. We use comprehensive and detailed loan contract information and financial statements from a major Moroccan bank on a sample of 512 Moroccan SMEs. The empirical results show that Moroccan banks, to reduce the problem of information asymmetry, develop a long-term relationship with SMEs allowing, therefore, a gradual transfer of soft information where the first collateral provided and a debt short maturity are key factors. We confirm a complete hold-up problem that the bank takes benefit of as far as the firm has an exclusive or limited number of bank partnerships. Consequently, the firm is charged a higher interest rate and is asked to pledge more collateral.
{"title":"Bank strategy determinants under relationship lending: evidence from the Moroccan credit market","authors":"Abdelati Hakmaoui, Hafssa Yerrou","doi":"10.1504/ijbpm.2021.10039440","DOIUrl":"https://doi.org/10.1504/ijbpm.2021.10039440","url":null,"abstract":"This research empirically examines the bank strategy determinants in relationship lending and its impact on credit conditions when dealing with SMEs under an asymmetric information context. We use comprehensive and detailed loan contract information and financial statements from a major Moroccan bank on a sample of 512 Moroccan SMEs. The empirical results show that Moroccan banks, to reduce the problem of information asymmetry, develop a long-term relationship with SMEs allowing, therefore, a gradual transfer of soft information where the first collateral provided and a debt short maturity are key factors. We confirm a complete hold-up problem that the bank takes benefit of as far as the firm has an exclusive or limited number of bank partnerships. Consequently, the firm is charged a higher interest rate and is asked to pledge more collateral.","PeriodicalId":44434,"journal":{"name":"International Journal of Business Performance Management","volume":" ","pages":""},"PeriodicalIF":1.0,"publicationDate":"2021-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45439534","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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