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Assessing the environmental and economic impacts of adopting circular economy for sustainable resource management in the Indian construction sector 评估采用循环经济促进印度建筑业可持续资源管理对环境和经济的影响
IF 2.5 Q3 BUSINESS Pub Date : 2024-03-25 DOI: 10.1108/jibr-05-2023-0169
Purva Mhatre-Shah, Vidyadhar Gedam, Seema Unnikrishnan

Purpose

The aim of this study is to understand the environmental benefits and economic savings associated with adoption of circular economy in the construction sector. The research findings will support different stakeholders and decision makers to develop business models based on responsible consumption of resources and build sustainable business models.

Design/methodology/approach

The research uses mixed methodology wherein inventory for life cycle assessment and life cycle costing for environmental and economic impacts is based on primary data using on-site visits for qualitative and quantitative data.

Findings

Different types of land transportation infrastructures are compared for their environmental impacts. It is found that bridges have the highest environmental impacts as compared to tunnels, roads and railways. Further, the results affirm the environmental and economic benefits of adopting circular economy practices.

Originality/value

This is one of a kind research that compares the environmental and economic tradeoffs of adopting circular economy in different types of land transportation infrastructures.

目的本研究旨在了解建筑行业采用循环经济所带来的环境效益和经济节约。研究结果将支持不同的利益相关者和决策者在负责任地消耗资源的基础上开发商业模式,并建立可持续的商业模式。研究采用混合方法,其中生命周期评估清单和生命周期成本核算对环境和经济的影响是基于原始数据,通过现场访问获得定性和定量数据。结果发现,与隧道、公路和铁路相比,桥梁对环境的影响最大。此外,研究结果还肯定了采用循环经济做法所带来的环境和经济效益。原创性/价值这是一项独一无二的研究,它比较了不同类型陆地交通基础设施在采用循环经济做法时的环境和经济权衡。
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引用次数: 0
Managing sustainable transition through farmer-owned enterprises: the case of Ram Rahim Pragati Producer Company 通过农民拥有的企业管理可持续转型:Ram Rahim Pragati 生产者公司案例
IF 2.5 Q3 BUSINESS Pub Date : 2024-03-08 DOI: 10.1108/jibr-05-2023-0148
Abhishek Saxena, Shambu C. Prasad

Purpose

Food systems research is typically focused on productivity and efficiency. But in the face of impending challenges of climate, investment, markets, and incomes small holders may do well to shift to diversity and sufficiency. The transition requires institutions such as Farmer Producer Organisations (FPOs) to play the role of intermediaries. This paper aims to understand this challenging phenomenon using a case from India.

Design/methodology/approach

In this article, drawing from the emerging literature of PO as a sustainability transition intermediary, this paper uses the case study of a women-owned FPO and explores its role in contributing to sustainable food systems through practices of non-pesticide management of agriculture. This paper explores, through non-participant observer methods, focus group discussions and interviews with multiple stakeholders how an FPO embeds sustainability in its purpose and the challenges faced in transforming producer and consumers towards sustainable food systems.

Findings

The study argues for early articulation of the “sustainability transition intermediary” role in the FPO’s vision and mission. Second, FPOs’ role of being a transition intermediary is impacted by the key stakeholders and the durability of relationship with them.

Originality/value

By studying FPOs in India, from the framework of sustainability transitions, this article adds to the limited literature that looks as POs as sustainability transition intermediaries.

目的粮食系统研究通常侧重于生产力和效率。但是,面对气候、投资、市场和收入等迫在眉睫的挑战,小农户不妨转向多样性和自给自足。这一转变需要农民生产者组织(FPOs)等机构发挥中介作用。设计/方法/方法在本文中,本文借鉴了有关农业生产者组织作为可持续性转型中介的新兴文献,以一个女性所有的农业生产者组织为案例,探讨了其通过非农药农业管理实践在促进可持续粮食系统中的作用。本文通过非参与观察法、焦点小组讨论和与多方利益相关者的访谈,探讨了 FPO 如何将可持续性纳入其宗旨,以及在将生产者和消费者转变为可持续粮食系统的过程中所面临的挑战。其次,食品生产者组织作为过渡中介的角色受到主要利益相关者以及与他们之间关系持久性的影响。原创性/价值通过从可持续性过渡的框架出发研究印度的食品生产者组织,本文为研究作为可持续性过渡中介的食品生产者组织的有限文献做出了补充。
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引用次数: 0
Towards customer-centric sustainability: how mindful advertising influences mindful consumption behaviour 实现以客户为中心的可持续发展:用心的广告如何影响用心的消费行为
IF 2.5 Q3 BUSINESS Pub Date : 2024-02-22 DOI: 10.1108/jibr-06-2023-0207
Amir Shikalgar, Preetha Menon, Vaishali C. Mahajan

Purpose

Though there is consensus that mindfulness induces mindful consumption (MC), empirical testing is needed to uncover the mechanism underlying temperance behaviour in the MC model proposed by Sheth et al. (2011). The role of mindful advertising in influencing MC needs deeper investigation. The purpose of this research paper is to bridge the gap.

Design/methodology/approach

The relationship between mindfulness and temperance in consumption was investigated using an online simulation. Mindful advertising by Patagonia, with a message to buy less yet demand organic, fair-trade and recycled products, was introduced as a moderator in experimental group one. The second group was exposed to an aspirational advertisement of Tommy Hilfiger, symbolic of consumption-driving communication.

Findings

Not buying any brands was the uppermost preference by the participants followed by Patagonia, which used a mindful advertisement. Tommy Hilfiger was a distant third despite using an aspirational advertisement. A predictive relationship between mindfulness and temperance in consumption remained elusive.

Practical implications

Consumer purchase decisions favouring mindfully advertised Patagonia make a strong business case for nurturing a mindful mindset and promoting mindful behaviour. The customer-centric sustainability strategy of caring for the people and the planet beforehand should take precedence over corporate social responsibility which is usually an afterthought.

Originality/value

Measuring mindfulness and MC, two constructs combined in one experimental design, using a simulation built around real-life marketing communication distinguishes this research paper.

目的尽管正念诱导正念消费(MC)已成为共识,但要揭示 Sheth 等人(2011 年)提出的 MC 模型中节制行为的内在机制,还需要进行实证检验。正念广告在影响正念消费中的作用需要更深入的研究。本研究论文旨在弥补这一空白。设计/方法/途径通过在线模拟,研究了正念与节制消费之间的关系。第一实验组引入了 Patagonia 公司的正念广告作为调节剂,广告内容是少买但要求有机、公平贸易和可回收产品。实验结果不购买任何品牌是参与者的最大偏好,其次是 Patagonia,后者使用的是心灵广告。尽管汤米-希尔费格(Tommy Hilfiger)使用了一个令人向往的广告,但仍排在第三位。消费者的购买决策倾向于使用心灵广告的 Patagonia,这为培养心灵心态和促进心灵行为提供了有力的商业论据。以客户为中心的可持续发展战略,即事先关心人类和地球,应优先于通常事后才考虑的企业社会责任。原创性/价值通过围绕现实生活中的营销传播进行模拟,将正念和节制这两个概念结合在一个实验设计中进行测量,使本研究论文与众不同。
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引用次数: 0
Burgeoning of co-living and co-working space for the Indian millennial – a quiver or a hunt for novel strategies! 印度千禧一代共同生活和联合办公空间的蓬勃发展--是对新战略的探索还是追寻!
IF 2.5 Q3 BUSINESS Pub Date : 2024-02-19 DOI: 10.1108/jibr-06-2023-0208
Premasish Roy, Deepa Nair, Rikhi Yadav
<h3>Purpose</h3><p>The purposes of this paper are to examine the factors persuasive in building competitive advantage strategies for the co-living and co-working service operators and study the sustainability of the business model for co-living and co-working space.</p><!--/ Abstract__block --><h3>Design/methodology/approach</h3><p>In this research, a structured literature review of journals, articles, reports, conference proceedings, websites published in recent times and e-newspapers has been conducted. The first step of the research included identifying the relevant literature. For this step, multiple keywords were used in searching for literature on Google.com, Google Scholar, Proquest, Taylor & Francis, Emerald, Elsevier. Upon literature identification, the procured reports were divided into the following three parts: co-living reports, co-working report and others. More than 250 content reports were analyzed, and finally, 105 relevant literature reports from various sources were recorded for further analysis. Focus group discussion and semi-structured interviews were also conducted.</p><!--/ Abstract__block --><h3>Findings</h3><p>This study concluded after analyzing the literature, focus group discussion and semi-structured interviews that co-working and co-living space would be sustainable business if proper competitive strategies were leveraged, in accordance with the increase in demand over time. This study also serves as a wakeup call for the operators in the co-living and co-working sphere to work on their competitive advantages and differentiate themselves to tap business opportunities. The sustainability of the model by identifying the factors was also emphasized in this study. Further studies of co-living and co-working models should be conducted in the Indian context to analyze the multifarious potential that this new trend of shared accommodation can open up.</p><!--/ Abstract__block --><h3>Research limitations/implications</h3><p>This study is based on content analysis, focus group discussion and semi-structured interview analysis. More content and literature were found to be evidenced mostly in Western literature. This is a limitation to the study. This study also had a limitation in including bigger sample of focus groups discussion and interviews; however, the analysis effectively set out a landscape of co-living and co-working space in India.</p><!--/ Abstract__block --><h3>Originality/value</h3><p>It is an original research work based on an existing concept and services. As co-living and co-working service operators are cropping up in major cities, enticing the target potential with a platter of services primarily linked with many of the beneficial factors, the researchers in this work attempt to examine the factors persuasive in building the competitive advantage strategies for the co-living and co-working space and the sustainability of these two business models. A ripe market with multifarious possibilities w
设计/方法/途径在本研究中,我们对近期出版的期刊、文章、报告、会议记录、网站和电子报纸进行了结构化的文献综述。研究的第一步包括确定相关文献。在这一步中,使用了多个关键词在 Google.com、Google Scholar、Proquest、Taylor & Francis、Emerald 和 Elsevier 上搜索文献。在确定文献后,将所获得的报告分为以下三部分:共同生活报告、共同工作报告和其他报告。对 250 多份内容报告进行了分析,最后记录了 105 份来自不同来源的相关文献报告,以供进一步分析。本研究在分析了文献、焦点小组讨论和半结构式访谈后得出结论:根据需求的长期增长,如果采取适当的竞争策略,联合办公和联合居住空间将成为可持续发展的业务。这项研究也为联合办公和联合居住领域的经营者敲响了警钟,要求他们努力提高自身的竞争优势,实现差异化,以挖掘商机。本研究还强调了通过识别各种因素实现该模式的可持续性。本研究基于内容分析、焦点小组讨论和半结构化访谈分析。研究发现,更多的内容和文献主要来自西方文献。这是本研究的局限性。本研究在纳入更多的焦点小组讨论和访谈样本方面也有局限性;但是,分析有效地勾勒出了印度的联合居住和联合办公空间景观。 原创性/价值这是一项基于现有概念和服务的原创性研究工作。随着共同生活和联合办公服务运营商在各大城市不断涌现,以各种主要与许多有利因素相关的服务来吸引目标潜在客户,研究人员在这项工作中试图研究在为共同生活和联合办公空间建立竞争优势战略方面具有说服力的因素,以及这两种商业模式的可持续性。一个成熟的市场蕴含着多种可能性,等待着我们用正确的行动计划去开发,这是当务之急。
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引用次数: 0
Understanding Indian ride-sharing consumers: the role of psychographics and perceived value 了解印度共享乘车消费者:心理特征和感知价值的作用
IF 2.5 Q3 BUSINESS Pub Date : 2024-02-16 DOI: 10.1108/jibr-05-2023-0157
Kedar Bhatt

Purpose

This study aims to explain the influence of four socio-psychological variables: social comparison orientation, face saving (FS), status consumption (STC) and frugality (FGL) on consumers’ value perception toward ride-sharing services – one of the most widely used collaborative consumption models. Furthermore, it assesses how perceived value affects consumers’ intention to use (IU) the ride-sharing services and intentions to substitute ride-sharing services for using a personally owned car. It also assesses the moderating effect of psychographics on the relationship between consumers’ perception and behavioral intention.

Design/methodology/approach

A structured questionnaire was developed using existing scales adapted from the literature to test the hypothesized relationships. The data for the study were collected from 489 users of ride-sharing services in India. Structural equation modelling was performed to test the proposed model using AMOS 18 and moderation analysis was performed using PROCESS MACRO.

Findings

The findings of the study suggest that social comparison, FS, STC and FGL have a significant influence on consumers’ value (utilitarian and hedonic) perception. Furthermore, the results supported the effect of consumers’ value perception on their IU the ride-sharing services as well as their intention to substitute ride-sharing services for using a personally owned car. Lastly, the results also evidenced the moderating role of psychographic variables.

Originality/value

Very few studies have examined the role of psychographics in the adoption of collaborative consumption services. The paper attempts to fill this gap. It assesses the effect of four relevant consumer traits on perceived value in the ride-sharing services context. Furthermore, it expands the understanding of the role of psychographics by measuring their moderating effects apart from direct effects. The results of the study bear important implications for academicians, policymakers and marketers.

目的 本研究旨在解释四个社会心理变量:社会比较取向、面子(FS)、地位消费(STC)和节俭(FGL)对消费者对共享乘车服务--最广泛使用的协作消费模式之一--的价值感知的影响。此外,本研究还评估了价值感知如何影响消费者对共享乘车服务的使用意向(IU)以及用共享乘车服务替代个人汽车的意向。本研究还评估了心理特征对消费者感知和行为意向之间关系的调节作用。设计/方法/途径为检验假设的关系,我们使用从文献中改编的现有量表编制了一份结构化问卷。研究数据收集自印度 489 名共享乘车服务用户。研究结果表明,社会比较、FS、STC 和 FGL 对消费者的价值感(功利性和享乐性)有显著影响。此外,研究结果还证实了消费者的价值感对其对共享汽车服务的IU以及替代共享汽车服务的意愿的影响。最后,研究结果还证明了心理统计学变量的调节作用。本文试图填补这一空白。它评估了四种相关的消费者特征在共享乘车服务中对感知价值的影响。此外,除直接影响外,本文还通过测量心理特征的调节作用,拓展了对心理特征作用的理解。研究结果对学术界、政策制定者和营销人员具有重要意义。
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引用次数: 0
Ride-hailing services and vehicle ownership: evidence from Indian metropolitan cities 打车服务与车辆所有权:印度大都市的证据
IF 2.5 Q3 BUSINESS Pub Date : 2024-02-16 DOI: 10.1108/jibr-05-2023-0175
B. Ajay Krishna

Purpose

This study aims to examine the differential impact of ride-hailing services (RHS) on private and commercial vehicle ownership from five metropolitan cities in India.

Design/methodology/approach

Using vehicle ownership data from five metropolitan cities over period 1991 to 2020, a panel corrected standard errors model was estimated to model the association between RHS and vehicle ownership.

Findings

The results indicate that advent of RHS has led to a significant reduction in private vehicle ownership rates and a corresponding increase in addition of intermediate public transport. The net effects of RHS on road congestion and pollution levels need to be studied in detail.

Practical implications

The findings of this study can potentially assist policymakers and mobility planners in efforts to decarbonise and decongest urban transport.

Originality/value

This study sets precedence in analysing the impact of RHS on private and commercial vehicle independently. Further, to the best of the author’s knowledge, this is the first study to examine this association for the city of Delhi and Kolkata.

目的本研究旨在探讨印度五个大都市的叫车服务(RHS)对私家车和商用车拥有量的不同影响。研究结果研究结果表明,叫车服务的出现导致私家车拥有率大幅下降,同时增加了相应的中间公共交通。本研究的结果可能有助于政策制定者和交通规划者努力实现城市交通的低碳化和低拥堵化。原创性/价值本研究开创了独立分析道路安全系统对私家车和商用车影响的先例。此外,据作者所知,这是第一项针对德里和加尔各答市的相关性研究。
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引用次数: 0
Revisiting brand performance metrics and its impact on customer loyalty in Indian banking sector: role of relational quality and duration 重新审视品牌绩效指标及其对印度银行业客户忠诚度的影响:关系质量和持续时间的作用
Q3 BUSINESS Pub Date : 2023-11-01 DOI: 10.1108/jibr-09-2022-0235
Hardeep Chahal, Renu Bala
Purpose The purpose of this study is to revisit brand performance metrics (BPMs) (brand affinity, brand content and knowledge, brand image, brand ethics and brand value) and evaluate the moderated mediation effect of relationship quality (mediator) and relationship duration (moderator) in brand performance and customer loyalty relationship in an Indian banking context. Design/methodology/approach The research model was tested in the Indian banking sector. The primary data was collected from the 1,000 account holders of five Indian public and private banks. The data was analysed and validated using exploratory factor analysis and confirmatory factor analysis. Structural equation modelling and the Hayes process were used for testing the hypotheses. Findings The study results established BPMs as a four-dimensional structure comprising brand affinity, brand content and knowledge, brand image, brand ethics and brand value. The BPMs significantly positively impact relational quality ( RQ ) and customer loyalty. Further results also prove the existence of moderated mediation effect on BPMs and customer loyalty link and portray that the impact of BPMs on customer loyalty is mediated by the RQ and influenced by relationship duration. Research limitations/implications The study is confined to the Indian banking sector. It did not examine the dimension-wise impact of brand performance indicators on RQ and customer loyalty. Future research is required to explore their influence in banking and other sectors. Practical implications The study findings suggest that to enhance brand performance, banks need to follow excellence in every conduct, take immediate actions against inappropriate behaviour, consistently update their relevant and valuable contents (news, videos, white papers, e-books, case studies, FAQ’s, photos, etc.) on their websites and also introduce loyalty schemes to reimburse customers’ interests with some substantial benefits such as rebates, discounts, annual gifts and extraordinary or additional services. These strategies can pave the way for enhancing long-term quality relationships between customers and their service providers and increasing customer loyalty. Originality/value To the best of the authors’ knowledge, the study is a maiden attempt to assess the effect of BPMs on customer loyalty in the presence of RQ and at the value of relationship duration/length. Besides, the study results also prove the existence of moderated mediation effect and portray that the impact of customer equity and relational benefits on customer loyalty is influenced by relationship duration and mediated by RQ .
本研究的目的是重新审视品牌绩效指标(品牌亲和力、品牌内容和知识、品牌形象、品牌伦理和品牌价值),并评估关系质量(中介)和关系持续时间(调节)在印度银行品牌绩效和客户忠诚关系中的调节作用。设计/方法/方法研究模型在印度银行业进行了测试。主要数据是从印度五家公共和私人银行的1000名账户持有人中收集的。采用探索性因子分析和验证性因子分析对数据进行分析和验证。结构方程模型和Hayes过程用于检验假设。研究结果表明,bpm是一个由品牌亲和力、品牌内容与知识、品牌形象、品牌伦理和品牌价值组成的四维结构。bpm对关系质量(RQ)和客户忠诚度有显著的正向影响。进一步的研究结果也证明了业务流程管理与客户忠诚之间存在有调节的中介效应,并说明业务流程管理对客户忠诚的影响受RQ的中介作用和关系持续时间的影响。研究局限/启示本研究仅限于印度银行业。它没有检验品牌绩效指标对RQ和顾客忠诚度的维度影响。未来的研究需要探索他们在银行和其他部门的影响。研究结果显示,为了提升品牌表现,银行需要在每一项行为上追求卓越,对不当行为立即采取行动,不断更新其网站上的相关和有价值的内容(新闻、视频、白皮书、电子书、案例研究、常见问题解答、照片等),并引入忠诚度计划,以一些实质性的利益回报客户,如回扣、折扣、年度礼品及特别或额外服务。这些策略可以为加强客户和服务提供商之间的长期优质关系铺平道路,并提高客户忠诚度。原创性/价值据作者所知,本研究是首次尝试评估在RQ存在和关系持续时间/长度的价值下bpm对客户忠诚度的影响。此外,研究结果还证明了有调节的中介效应的存在,并说明顾客公平和关系利益对顾客忠诚的影响受关系持续时间的影响,并受RQ的中介作用。
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引用次数: 0
Selection determinants and value creation in private equity investment: a systematic literature review 私募股权投资中的选择决定因素与价值创造:系统文献综述
IF 2.5 Q3 BUSINESS Pub Date : 2023-07-24 DOI: 10.1108/jibr-06-2021-0220
Vrinda Rawal, S. Kapil
PurposeThis paper aims to review, systematize and map the extant literature on private equity (PE) and study the underlying research agenda for investment selection and value creation in portfolio firms of PE investors. The PE investment process entails the preinvestment stage, where PE investors screen the target firms, and the postinvestment stage, where PE investors monitor the funded firms. With the motive to understand both stages, this review consolidates the findings of existing literature.Design/methodology/approachThis research adopts a systematic literature review approach to study the underlying themes in PE investment literature. To adequately profile the key research areas, the authors have adopted citation classics in addition to keyword search and drawn the most significant papers in this field of research based on citation metrics.FindingsThe review presents a heterogeneous set of themes by encapsulating the relevant PE literature and identifies significant and emergent themes within the broad research area of investment and performance. The foundational themes found are selection determinants for PE investments, value creation in PE investments and selection vs value-adding effect of PE investors. While the emergent themes are the relative performance of PE investments; sources of value creation; skill, luck and social capital in PE; and resource dependency vis-à-vis PE. Each theme or subtheme chalks out the underlying research agendas for future researchers.Originality/valueTo build an understanding of the selection determinants and value creation, this review addresses the need to synthesize and align the PE literature concerning pre and post investment stages. PE is a fertile research area that is systematically captured in this review by identifying themes, subthemes and avenues for future research.
本文旨在回顾、整理和绘制现有的私募股权(PE)文献,并研究私募股权投资者投资组合公司的投资选择和价值创造的基本研究议程。私募股权投资过程包括投资前阶段,即私募股权投资者筛选目标公司,以及投资后阶段,即私募股权投资者监督被投资公司。为了理解这两个阶段,本综述巩固了现有文献的发现。设计/方法/方法本研究采用系统的文献综述方法来研究私募股权投资文献中的潜在主题。为了充分刻画重点研究领域,作者在关键词检索的基础上,采用引文经典,并基于引文指标抽取本领域最重要的论文。本综述通过概括相关的私募股权文献,提出了一系列不同的主题,并在投资和绩效的广泛研究领域中确定了重要的和新兴的主题。发现的基本主题是私募股权投资的选择决定因素,私募股权投资的价值创造以及私募股权投资者的选择与增值效应。新兴主题是私募股权投资的相对表现;价值创造的来源;体育技能、运气和社会资本;和资源依赖关系参见-à-vis PE。每个主题或副主题都为未来的研究人员列出了潜在的研究议程。原创性/价值为了建立对选择决定因素和价值创造的理解,本综述解决了综合和调整有关投资前和投资后阶段的PE文献的需要。PE是一个丰富的研究领域,通过确定未来研究的主题、副主题和途径,本文系统地介绍了这一领域。
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引用次数: 0
Do eco-labels trigger green product purchase intention among emerging market consumers? 环保标签是否会引发新兴市场消费者的绿色产品购买意愿?
IF 2.5 Q3 BUSINESS Pub Date : 2023-07-24 DOI: 10.1108/jibr-09-2022-0248
Anil Kumar K, Rituparna Basu
PurposeThis study aims to explore the effect of eco-labels on green product purchase intention among consumers of electrical/electronic products in an emerging market context.Design/methodology/approachThis study adopted an extended theory of planned behaviour to assess the effects of eco-labels. To measure the key constructs, scales pertaining to the relevant literature were used to design a structured questionnaire for empirical examination. A final data set of 680 consumers was analysed using structured equation modelling.FindingsThe results indicate that eco-labels significantly impact perceived behavioural control, attitude, subjective norms and consumers’ willingness to pay higher prices for environmentally friendly green products.Practical implicationsThe findings not only complement research on green consumerism but also serve as an important direction for socially responsible marketers who aim to play an important role in propagating pro-social consumption among emerging cohorts of consumers. The importance of eco-labelling as an effective marketing tool is highlighted, with valuable insights for future research and practices pertaining to emerging consumer markets.Originality/valueThis study fills a void in contemporary research by examining consumers of electrical/electronic products that typically involve long-term usage, with potentially greater environmental footprints.
目的本研究旨在探讨在新兴市场背景下,环保标签对电器/电子产品消费者绿色产品购买意愿的影响。设计/方法/方法本研究采用了计划行为的扩展理论来评估生态标签的影响。为了测量关键结构,使用与相关文献相关的量表设计了一份结构化问卷进行实证检验。使用结构化方程模型对680名消费者的最终数据集进行了分析。结果表明,生态标签显著影响感知的行为控制、态度、主观规范和消费者为环保绿色产品支付更高价格的意愿。实际含义这些发现不仅补充了对绿色消费主义的研究,而且为社会责任营销人员提供了一个重要方向,他们旨在在新兴消费者群体中宣传亲社会消费方面发挥重要作用。强调了生态标签作为一种有效营销工具的重要性,为未来新兴消费市场的研究和实践提供了宝贵的见解。独创性/价值这项研究通过调查通常涉及长期使用的电气/电子产品的消费者,填补了当代研究的空白,这些产品可能会对环境造成更大的影响。
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引用次数: 2
Determinants of exit options of venture capitalists: evidence from India 风险资本家退出选择的决定因素:来自印度的证据
IF 2.5 Q3 BUSINESS Pub Date : 2023-06-02 DOI: 10.1108/jibr-04-2022-0092
Ritija Gupta, Padmasai Arora
PurposeA critical aspect in venture capital (VC) exiting is the choice of exit mode. This study aims to predict if venture capitalists (VCs) can take the venture capital undertaking public by identifying the impact of investment attributes, market timing and macroeconomic conditions on the choice of mode of exit for VCs.Design/methodology/approachThe study uses logistic regression on a sample of 632 Indian VC-backed firms where VCs exited during the past two decades via initial public offers (IPOs) and other routes, including strategic sale, secondary sale and buyback.FindingsResults suggest that growth stage investments, larger syndication size and a larger number of IPOs increase the probability of exiting through IPOs, whereas investments in the information technology and information technology-enabled services industry have a higher likelihood of being exited through other routes. Region and gross domestic product are found to be statistically insignificant in predicting the likelihood for a particular mode of exit.Practical implicationsThe results have practical implications for VCs as knowledge regarding the influence of investment attributes, market timing and macroeconomic conditions can help them in deciding their exit strategy vis-à-vis mode of exit and can maximize their potential gains. The results also have implications for the potential investors, primarily the public at large and acquirers.Originality/valueThe determinants of VC exit options remain an unexplored area in the Indian context. To the best of the authors’ knowledge, the study is the first of its kind that has used investment attributes, market timing and macroeconomic conditions to predict VC exit options in India.
目的风险投资退出的一个关键问题是退出方式的选择。本研究旨在通过确定投资属性、市场时机和宏观经济条件对风险资本家退出方式选择的影响,来预测风险资本家是否能够将风险投资承担公开。该研究对632家印度风投支持的公司样本进行了逻辑回归,这些公司在过去20年里通过首次公开募股(ipo)和其他途径(包括战略出售、二级销售和回购)退出。研究结果表明,成长期投资、更大的银团规模和更多的ipo数量增加了通过ipo退出的可能性,而对信息技术和信息技术支持的服务行业的投资则有更高的可能性通过其他途径退出。研究发现,地区和国内生产总值(gdp)在预测某种特定退出模式的可能性方面在统计上不显著。研究结果对风险投资公司具有实际意义,因为了解投资属性、市场时机和宏观经济条件的影响可以帮助他们决定退出策略(-à-vis退出模式),并使其潜在收益最大化。研究结果对潜在投资者也有启示,主要是公众和收购者。在印度,风险投资退出选择的决定因素仍然是一个未开发的领域。据作者所知,这项研究是同类研究中首次使用投资属性、市场时机和宏观经济条件来预测印度风险投资退出选择。
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引用次数: 0
期刊
Journal of Indian Business Research
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