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Wishful Thinking versus Reality: High-growth Aspirations of Start-ups and Established Entrepreneurs in ASEAN 一厢情愿的想法与现实:东盟初创企业和成熟企业家的高增长愿望
IF 1 Q4 MANAGEMENT Pub Date : 2020-06-30 DOI: 10.21315/aamj2020.25.1.8
Ulrike Guelich
Most enterprises in the Association of Southeast Asian Nations (ASEAN) are micro and small enterprises. Few have aspirations to “dream big.” From an economic perspective, high-growth firms provide many benefits. This empirical study explores both country-level contextual factors such as country competitiveness or innovativeness and individual-level factors associated with high-growth, such as an entrepreneur’s market expansion plans, new product perceptions, export orientation and use of latest technologies. In this context, we investigate whether to “dream big” is associated with specific strategic intentions and which influencing factors hinder or foster aspirations to grow the business by more than 20 employees within five years while developing it into an established business. Utilising random sampling of data in six ASEAN countries, collected in the years 2013 to 2015 and comparing male to female entrepreneurs, the regression results of this empirical study show that although high growth-oriented entrepreneurs in both start-ups and established enterprises account for only 2.7% of all enterprises in this study, high-growth aspirations can only partially be sustained by early-stage entrepreneurs into the next business phase since it depends on several factors: (1) receiving funding (for both genders); (2) being export oriented (for male entrepreneurs); and (3) perceptions of having new products or services to offer to the market (for women entrepreneurs). Both genders are less prone to pursue their initial early-stage growth goals as established entrepreneurs. We infer that established entrepreneurs gain more clarity on the deployment of growth through implementation in the organisation while running their businesses and therefore may be more realistic in their predictions or less confident in their pursuit of ambitious goals.
东南亚国家联盟(ASEAN)的大多数企业都是微型和小型企业。很少有人有“远大梦想”的抱负。从经济角度来看,高增长公司提供了许多好处。这项实证研究既探讨了国家层面的背景因素,如国家竞争力或创新性,也探讨了与高增长相关的个人层面因素,如企业家的市场扩张计划、新产品认知、出口导向和最新技术的使用。在此背景下,我们调查了“远大梦想”是否与特定的战略意图有关,以及哪些影响因素阻碍或促进了在五年内将20名以上员工的业务发展成为既定业务的愿望。本实证研究利用东盟6个国家2013 - 2015年的数据随机抽样,并对男女企业家进行了比较,回归结果表明,尽管在本研究中,初创企业和成熟企业的高增长导向企业家仅占所有企业的2.7%,但早期企业家的高增长愿望只能部分地持续到下一个商业阶段,因为它取决于以下几个因素:(1)接受资助(男女);(2)出口型(男性企业家);(3)认为有新产品或服务可以提供给市场(对女企业家来说)。无论是男性还是女性,都不太倾向于追求创业初期的成长目标。我们推断,成熟的企业家在经营业务的同时,通过在组织中实施增长,可以更清楚地了解增长的部署,因此他们的预测可能更现实,或者在追求雄心勃勃的目标时不那么自信。
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引用次数: 0
Multilevel Analysis on Employee Wellbeing: The Roles of Authentic Leadership, Rewards, and Meaningful Work 员工幸福感的多层次分析:真实领导、奖励和有意义工作的作用
IF 1 Q4 MANAGEMENT Pub Date : 2020-06-30 DOI: 10.21315/aamj2020.25.1.7
E. Salleh, Z. Mansor, S. Zainal, Ida Md Yasin
Employee wellbeing (EW) is becoming a genuine concern, and it has seen a resurgence in interest with the challenges in light of industrial revolution and globalisation. There is no doubt that wellbeing of the employees is one of the secret recipes that generates high return value for all levels of chains; the individual and the organisational productivity and growth as well as nation’s prosperity. However, majority of leadership researchers have failed to capture the multi-dimensional concept of EW. Moreover, the studies of the impact of leadership styles on EW are limited and narrow-focused. Thus, this study aims to examine the role of authentic leadership (AL) style on EW. This study uses meso-mediational relationship through financial and non-financial rewards and meaningful work and how they affect EW. Data were collected from 343 employees in 30 manufacturing companies in Malaysia. The finding reveals that the positivity of authentic leaders indirectly influences EW through non-financial rewards and meaningful work. It is also suggested that financial rewards and non-financial rewards should be measured separately in consideration of current socioeconomic conditions and employees’ motivational needs.
员工福利(EW)正成为一个真正令人担忧的问题,随着工业革命和全球化的挑战,人们对EW的兴趣再次高涨。毫无疑问,员工的幸福感是为各级连锁店创造高回报价值的秘方之一;个人和组织的生产力和增长以及国家的繁荣。然而,大多数领导力研究者未能捕捉到电子战的多维概念。此外,关于领导风格对电子战影响的研究是有限的和狭隘的。因此,本研究旨在检验真实领导风格在电子战中的作用。本研究通过财务和非财务奖励以及有意义的工作使用中介关系,以及它们如何影响电子战。数据来自马来西亚30家制造公司的343名员工。研究结果表明,真正领导者的积极性通过非财务奖励和有意义的工作间接影响EW。还建议,应根据当前的社会经济条件和员工的激励需求,分别衡量经济奖励和非经济奖励。
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引用次数: 7
The effects of inclusive leadership on job performance through mediators 包容性领导通过调解员对工作表现的影响
IF 1 Q4 MANAGEMENT Pub Date : 2020-01-15 DOI: 10.21315/aamj2019.24.2.4
P. Nguyen, H.T.N. Le, T. Trinh, H. Do
This study aims to investigate the direct effects of inclusive leadership on person-job fit, employee well-being, and innovative behaviour. It also extends existing research to observe the role of mutual recognition respect and intrinsic motivation in job performance. By using a structural equation model approach to analyse the data survey from 387 respondents, who were working at interior design and construction companies, the results revealed that inclusive leadership has a positive impact on key determinants such as employee well-being, person-job fit, and innovative behaviour. However, person-job fit and employee well-being had no significant direct impact on job performance. The study also identified the mediating role of innovative behaviour in the linkage between person-job fit and job performance. Moreover, the results recognised two potential mediators as mutual recognition respect and intrinsic motivation could create a relationship between employee well-being and job performance. The findings highlighted theoretical and empirical contributions to further understanding of the roles of leader-member exchange policies on job performance. Finally, some managerial implications were suggested to enhance job performance in the workplace.
本研究旨在探讨包容性领导对个人-工作契合度、员工幸福感和创新行为的直接影响。并延伸现有研究,观察相互认可、尊重和内在动机在工作绩效中的作用。通过使用结构方程模型方法分析来自387名在室内设计和建筑公司工作的受访者的数据调查,结果显示,包容性领导对员工幸福感、个人-工作契合度和创新行为等关键决定因素具有积极影响。而人职契合度和员工幸福感对工作绩效没有显著的直接影响。研究还发现了创新行为在人与工作契合度和工作绩效之间的中介作用。此外,研究结果还发现,相互认可、尊重和内在动机可以在员工幸福感和工作绩效之间建立关系。研究结果强调了理论和实证的贡献,以进一步了解领导-成员交换政策对工作绩效的作用。最后,提出了提高工作场所工作绩效的管理启示。
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引用次数: 13
Comparing between product-specific and general impulse buying tendency: Does shoppers’ personality influence their impulse buying tendency? 特定产品和一般冲动购买倾向的比较:购物者的个性是否影响他们的冲动购买倾向?
IF 1 Q4 MANAGEMENT Pub Date : 2020-01-15 DOI: 10.21315/aamj2019.24.2.3
C. Parsad, S. Prashar, T. S. Vijay
The sudden urge to buy, referred to as impulsive buying, is triggered by both a gamut of extraneous, market-related stimuli and internal psychological factors. The extant literature on this has majorly focused on the antecedents of impulsive shopping, prominent among these include traits (like sensation-seeking and impulse buying tendency or IBT), motives (utilitarian, hedonic), shoppers’ resources (time and money), and marketing stimuli. Although personality is a key determinant of consumer decision-making, the role of personality traits, specially extraversion, neuroticism, and conscientiousness, in impulse buying is not conclusive. Also, there exists a need for analysing impulse buying behaviour with respect to product-specific situations rather than general IBT. The present study fills this gap by analysing the role of three personality traits on impulse buying. A scenariobased online experiment was conducted, and the sample respondents were randomly categorised into two groups. The former group had respondents with an instrument to measure their IBT in general, while the later had respondents for whom the instrument was shared with a scenario built around the product category of apparel. With the data set of 386 respondents, the study reveals that the relationships between the two personality Chandan Parsad et al. 42 traits—extraversion and neuroticism, and IBT—are independent of the product category. However, the influence of conscientiousness on impulsive buying tendency depends on the product category. The study concludes with managerial implications.
突然的购买冲动,被称为冲动性购买,是由各种外部的、与市场相关的刺激和内部的心理因素引发的。现存的有关这方面的文献主要集中在冲动购物的前因上,其中突出的包括特质(如感觉寻求和冲动购买倾向或IBT)、动机(功利、享乐)、购物者的资源(时间和金钱)和营销刺激。尽管个性是消费者决策的关键决定因素,但个性特征,特别是外向性、神经质和尽责性,在冲动购买中的作用并不是决定性的。此外,有必要根据特定产品的情况而不是一般的IBT来分析冲动购买行为。本研究通过分析三种人格特征在冲动购买中的作用来填补这一空白。进行了一项基于场景的在线实验,样本受访者被随机分为两组。前一组受访者有一个工具来测量他们的IBT,而后一组受访者则有一个围绕服装产品类别构建的场景来共享该工具。通过386名受访者的数据集,研究表明,Chandan Parsad等人42种性格特征——外向性和神经质以及IBT——之间的关系与产品类别无关。然而,尽责性对冲动购买倾向的影响取决于产品类别。该研究以管理启示作为结论。
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引用次数: 26
Mediating role of consumer involvement between celebrity endorsement and consumer evaluation: Comparative study of high and low involvement product 名人代言与消费者评价的消费者参与中介作用——高参与度与低参与度产品的比较研究
IF 1 Q4 MANAGEMENT Pub Date : 2020-01-15 DOI: 10.21315/aamj2019.24.2.6
Nilesh Arora, S. Prashar, C. Parsad, T. S. Vijay
Celebrity endorsement has been an important area of study from the perspectives of marketers as well as consumers. This research aims at developing and testing a model of celebrity endorsement with celebrity-product congruence and attractiveness as predictor variables, with consumer involvement affecting a consumer assessment of the brand and purchase intention. The research has been guided by current attention being given to the significance of celebrities for endorsing products. However, the same has not been duly explored in the context of celebrity endorsement, with consumer involvement as a mediating variable, and further its impact on consumers’ evaluation. The present research discusses the relationship effect of celebrity endorsement on consumers’ evaluation of the communication done through the celebrity endorsing the brand. The study highlights mediating role of consumer involvement for both high and low involvement products in formation of attitude towards advertisement and buying intention. Using mall intercept method, the data was collected from 246 respondents. Structural equation modelling was used for analysing the data using AMOS 22.0. The results indicate that consumer responses are maximised when endorser attractiveness and consumer involvement interact with each other. Also, it is observed that consumer involvement has maximum impact on attitude toward advertisement. The paper closes with theoretical and managerial implication.
从营销人员和消费者的角度来看,名人代言一直是一个重要的研究领域。本研究旨在开发和测试一个名人代言模型,将名人产品一致性和吸引力作为预测变量,消费者参与影响消费者对品牌和购买意愿的评估。这项研究的指导是,目前人们对名人代言产品的重要性的关注。然而,这一点还没有在名人代言的背景下得到充分的探讨,消费者参与是一个中介变量,并进一步影响消费者的评价。本研究探讨了名人代言对消费者评价名人代言品牌传播的关系效应。该研究强调了消费者对高参与度和低参与度产品的参与对广告态度和购买意愿形成的中介作用。采用商场截距法,从246名受访者中收集数据。结构方程建模用于使用AMOS 22.0分析数据。结果表明,当代言人吸引力和消费者参与度相互作用时,消费者的反应最大化。此外,还观察到消费者的参与对广告态度的影响最大。文章最后从理论和管理两方面进行了总结。
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引用次数: 18
Work-family conflict, coping strategies, and flourishing: Testing for mediation 工作-家庭冲突,应对策略和繁荣:调解的测试
IF 1 Q4 MANAGEMENT Pub Date : 2020-01-15 DOI: 10.21315/aamj2019.24.2.8
Norizan Baba Rahim
One way to reduce work-family conflict on the well-being is to have the ability to coping with demands effectively. Building upon the Cognitive Coping Theory and Self-determination Theory, this research tested the model combining of work-family conflict, coping strategies, and flourishing. The hypotheses are examined through correlation and path analysis of 173 adult learners using Partial Least Square (PLS) 3.0. Based on the findings, work-family conflict was found to have a significant relationship with problem-focused coping, emotional focused coping, and flourishing. The results further showed that the relationship between work-family conflicts and flourishing was mediated only by problem- focused coping. In general, the findings suggest organisations to offer emotional support and managerial understanding to their employed adult learners to help in reducing stress and lessening work-family conflict. Besides that, the management of distance education is crucial to improve student retention and completion rates, by providing emotional support to the adult learners until they survive the initial “online learning-curve hump.”
减少工作与家庭冲突对幸福感的影响的一种方法是拥有有效应对需求的能力。本研究在认知应对理论和自我决定理论的基础上,对工作-家庭冲突、应对策略与成功相结合的模型进行了检验。采用偏最小二乘法(PLS) 3.0对173名成人学习者进行相关分析和通径分析。研究发现,工作-家庭冲突与以问题为中心的应对、以情绪为中心的应对和成功有显著的关系。结果进一步表明,工作-家庭冲突与成功之间的关系仅以问题聚焦应对为中介。总的来说,研究结果建议组织为在职成人学习者提供情感支持和管理理解,以帮助他们减轻压力,减少工作与家庭的冲突。除此之外,远程教育的管理对提高学生的保留率和完成率至关重要,通过为成年学习者提供情感支持,直到他们度过最初的“在线学习曲线驼峰”。
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引用次数: 7
Financial development and the effectiveness of monetary policy: New evidence from Malaysia 金融发展与货币政策的有效性:来自马来西亚的新证据
IF 1 Q4 MANAGEMENT Pub Date : 2020-01-15 DOI: 10.21315/aamj2019.24.2.2
Daniel Basa, Zulkefly Abdul Karim, M. Zaidi
This paper examines the relationship between financial development (FD) and the monetary policy effectiveness (MPE) in Malaysia. Two indicators designate the level of FD, namely liquid liabilities and stock market capitalisation, and gross fixed capital formation are used in estimating the determinants of MPE which is generated using structural vector auto regressive (SVAR) in an open economy approach. Accordingly, an autoregressive distributed lag (ARDL) model is used in examining the effects of FD and gross fixed capital formation on MPE. Using a yearly time series data spanning from 1991 to 2016, the results revealed that there is a cointegration between FD and gross fixed capital formation on MPE. Interestingly, FD has a negatively significant effect on MPE on output and inflation, which indicates that a more developed financial system has hindered the effectiveness of the monetary policy.
本文考察了马来西亚金融发展与货币政策有效性之间的关系。两个指标指定了FD的水平,即流动负债和股票市值,以及固定资本形成总额用于估计MPE的决定因素,MPE是在开放经济方法中使用结构向量自回归(SVAR)生成的。因此,使用自回归分布滞后(ARDL)模型来检验FD和固定资本形成总额对MPE的影响。使用1991年至2016年的年度时间序列数据,结果表明,在MPE上,FD和总固定资本形成之间存在协整关系。有趣的是,FD对MPE的产出和通货膨胀具有负显著影响,这表明更发达的金融体系阻碍了货币政策的有效性。
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引用次数: 2
Monetary loosening and dividend policy: Evidence from Vietnamese stock market 货币宽松与股利政策:来自越南股市的证据
IF 1 Q4 MANAGEMENT Pub Date : 2019-12-30 DOI: 10.21315/aamj2019.24.2.5
Quoc Trung Tran, Xuan Minh Nguyen, T. Nguyen, Thi Tuyet Mai Nguyen, T. Truong
Vietnam is a promising laboratory to examine the effect of monetary loosening policy on corporate dividend decisions due to the following reasons: (1) Vietnamese government conducts monetary loosening policy continuously between 2007 and 2017; (2) the monetary policy relies mainly on money supply; and (3) credit channel is the dominant monetary transmission channel. With a research data including 4,493 observations from 2008 to 2017, we find that both the choice to pay dividends and dividend payout ratio are positively affected by money supply and this effect is mitigated by corporate cash holdings. In addition, money supply is positively related to speed of dividend adjustment.
越南是检验货币宽松政策对公司股利决策影响的理想实验室,原因如下:(1)越南政府在2007 - 2017年间连续实施货币宽松政策;(2)货币政策主要依靠货币供应量;(3)信贷渠道是主导的货币传导渠道。通过对2008 - 2017年4493个观察数据的研究,我们发现货币供应量对股利支付的选择和股利支付比率都有正向影响,而这种影响被企业现金持有量所缓解。此外,货币供应量与股利调整速度正相关。
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引用次数: 1
Technical efficiency evaluation: Study on Malaysian electrical and electronics firms 技术效率评价:马来西亚电子电器企业研究
IF 1 Q4 MANAGEMENT Pub Date : 2019-12-30 DOI: 10.21315/aamj2019.24.2.1
M. Fahmy-Abdullah, Lai Wei Sieng, Hamdan Muhammad Isa, Malaysia Jabatan Perangkaan Malaysia
The purpose of this study is to measure the level of technical efficiency (TE) and to analyse the factors of technical inefficiency of electrical and electronic manufacturing industry in Malaysia in 2015. The determinants studied include capital-labour ratio, education level ratio, firm size, information technology, and communication expenses, training expenditure, wage rates, and research and development expenditure. This study uses data on 531 firms based on the latest census of 2015 obtained from the Department of Statistics, Malaysia using the Stochastic Frontier Analysis (SFA) approach. Based on the results, the firm’s overall TE level is high at 0.836. For the determinants of TE, it was found that firm size can reduce the inefficiencies of firm, while capital-labour ratios shows a positive relationship with technical inefficiencies in firms. The policy implication is that the electrical and electronic manufacturing industry needs to focus on scale economic achievement and high technology production in line with the competency level of employee and create more international industry technical cooperation.
本研究旨在衡量2015年马来西亚电气和电子制造业的技术效率水平,并分析其技术效率低下的因素。所研究的决定因素包括资本劳动比、教育水平比、企业规模、信息技术和通信费用、培训支出、工资率以及研发支出。本研究使用了531家公司的数据,这些数据基于马来西亚统计局使用随机前沿分析(SFA)方法获得的2015年最新人口普查。根据调查结果,该公司的总体TE水平高达0.836。对于TE的决定因素,研究发现,企业规模可以降低企业的低效率,而资本-劳动力比率与企业的技术低效率呈正相关。政策含义是,电气和电子制造业需要专注于规模经济成就和符合员工能力水平的高科技生产,并创造更多的国际行业技术合作。
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引用次数: 2
Network Competence and Firm Performance: The Mediating Role of Entrepreneurial Innovativeness among Malaysian Chinese Entrepreneurs of Wholesale Businesses 网络能力与企业绩效:马来西亚华人批发企业企业家创业创新的中介作用
IF 1 Q4 MANAGEMENT Pub Date : 2019-03-20 DOI: 10.21315/AAMJ2019.24.S1.13
Sulaiman Sajilan, Shehnaz Tehseen
Entrepreneurial innovativeness has been considered as one of the crucial factors for any firm to achieve its superior performances. The aim of this paper is to analyse the mediating effect of entrepreneurial innovativeness in the relationship between network competence and firm performances including financial performance, non-financial performance, and business growth. Data were collected from 150 Malaysian Chinese wholesalers from the states of Selangor and Kuala Lumpur. Non-probability sampling technique was used to get the target respondents. PLS-SEM technique was used to analyse the data. The results revealed positive as well as significant mediating influence of entrepreneurial innovativeness in the relationship between network competence and firm performances. This study also provides future recommendations and managerial implications.
企业的创新能力被认为是企业取得卓越绩效的关键因素之一。本文的目的是分析创业创新在网络能力与企业绩效(包括财务绩效、非财务绩效和业务增长)之间的中介作用。数据来自雪兰莪州和吉隆坡的150名马来西亚华人批发商。采用非概率抽样技术获得目标调查对象。采用PLS-SEM技术对数据进行分析。结果表明,创业创新在网络能力与企业绩效的关系中具有正向和显著的中介作用。本研究也提供了未来的建议和管理意义。
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引用次数: 19
期刊
Asian Academy of Management Journal
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