Pub Date : 2025-12-30DOI: 10.1016/j.apmrv.2025.100419
Abdullah Al Mamun , Md Aftab Uddin
{"title":"Corrigendum to “Exploring the relationship between sustainable strategy and sustainable performance in a mediated mechanism with socially responsible human resource management”","authors":"Abdullah Al Mamun , Md Aftab Uddin","doi":"10.1016/j.apmrv.2025.100419","DOIUrl":"10.1016/j.apmrv.2025.100419","url":null,"abstract":"","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"31 1","pages":"Article 100419"},"PeriodicalIF":5.6,"publicationDate":"2025-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145883678","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 : 2025-12-01DOI: 10.1016/j.apmrv.2025.100372
Abdullah Al Mamun, Md Aftab Uddin
Grounded upon social exchange theory (SET), the primary objective of this study is to investigate the impact of organizations' sustainable strategy (SS) on socially responsible human resource management (SRHRM), and its subsequent impact on sustainable performance (SP) in a mediated mechanism. Using the deductive reasoning approach, data were collected from information and communication technology (ICT) professionals through random sampling techniques via self-administered survey questionnaires. Partial least squares structural equation modeling (PLS-SEM) was used to analyze the data. The results show that SS significantly influences SRHRM and SP, with the influence of SRHRM on SP also found to be significant. Furthermore, the mediation effect revealed that SRHRM partially mediates the influence of SS on SP. The core contribution of the study to the sustainability literature that integrates SS with SP is the demonstration of the mediating role of SRHRM, as no previous research demonstrated the essence of SRHRM in a mediated nexus. It is hoped that the study will be of significant value to practicing professionals in ICT firms, as it provides a clear direction to sustainability by nurturing socially responsible HR values and practices. Moreover, the study findings should encourage a sense of urgency among professionals and policymakers to pay attention to environmental priorities.
{"title":"Exploring the relationship between sustainable strategy and sustainable performance in a mediated mechanism with socially responsible human resource management","authors":"Abdullah Al Mamun, Md Aftab Uddin","doi":"10.1016/j.apmrv.2025.100372","DOIUrl":"10.1016/j.apmrv.2025.100372","url":null,"abstract":"<div><div>Grounded upon social exchange theory (SET), the primary objective of this study is to investigate the impact of organizations' sustainable strategy (SS) on socially responsible human resource management (SRHRM), and its subsequent impact on sustainable performance (SP) in a mediated mechanism. Using the deductive reasoning approach, data were collected from information and communication technology (ICT) professionals through random sampling techniques via self-administered survey questionnaires. Partial least squares structural equation modeling (PLS-SEM) was used to analyze the data. The results show that SS significantly influences SRHRM and SP, with the influence of SRHRM on SP also found to be significant. Furthermore, the mediation effect revealed that SRHRM partially mediates the influence of SS on SP. The core contribution of the study to the sustainability literature that integrates SS with SP is the demonstration of the mediating role of SRHRM, as no previous research demonstrated the essence of SRHRM in a mediated nexus. It is hoped that the study will be of significant value to practicing professionals in ICT firms, as it provides a clear direction to sustainability by nurturing socially responsible HR values and practices. Moreover, the study findings should encourage a sense of urgency among professionals and policymakers to pay attention to environmental priorities.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"30 4","pages":"Article 100372"},"PeriodicalIF":5.6,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145747902","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}
This study investigates predictive analytics in the Jordanian context and analyse the difficulties organisations face when seeking to implement predictive data analysis. This study employs a sequential exploratory mixed-methods design. Qualitative data were first collected through in-depth interviews with 25 industry experts, who found obstacles such as the quality of data, problems in integrating systems, and related ethical issues. However, the rewards such as augmented customer engagement continue to outweigh these hurdles. Building on these qualitative insights, a quantitative survey was conducted with a larger sample of 251 business professionals across various sectors in Jordan. The quantitative findings confirmed the qualitative analysis, showing that each of these perceived challenges and opportunities has a statistically significant effect on implementing predictive data analysis. The integration of qualitative and quantitative results highlights the need for an airtight tech stack, integrated teamwork, and unceasing staff education.
{"title":"The challenges and opportunities of implementing predictive analytics in marketing strategies and e-commerce personalisation techniques","authors":"Hayel Alserhan , Ramzi Altarawneh , Nasiem Alyami , Yaser Alsheyyab , Ro'aa Alrababah , Hebah Alshamayleh","doi":"10.1016/j.apmrv.2025.100409","DOIUrl":"10.1016/j.apmrv.2025.100409","url":null,"abstract":"<div><div>This study investigates predictive analytics in the Jordanian context and analyse the difficulties organisations face when seeking to implement predictive data analysis. This study employs a sequential exploratory mixed-methods design. Qualitative data were first collected through in-depth interviews with 25 industry experts, who found obstacles such as the quality of data, problems in integrating systems, and related ethical issues. However, the rewards such as augmented customer engagement continue to outweigh these hurdles. Building on these qualitative insights, a quantitative survey was conducted with a larger sample of 251 business professionals across various sectors in Jordan. The quantitative findings confirmed the qualitative analysis, showing that each of these perceived challenges and opportunities has a statistically significant effect on implementing predictive data analysis. The integration of qualitative and quantitative results highlights the need for an airtight tech stack, integrated teamwork, and unceasing staff education.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"30 4","pages":"Article 100409"},"PeriodicalIF":5.6,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145747908","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 : 2025-12-01DOI: 10.1016/j.apmrv.2025.100382
Pornprom Suthatorn , Peerayuth Charoensukmongkol
Grounded in equity and social exchange theories, this study examined the impact of management's bottom-line mentality on cabin crew members' organizational commitment at a national airline in Thailand undergoing corporate restructuring during the COVID-19 pandemic. The proposed model suggested that management's bottom-line mentality would reduce organizational commitment through dissatisfaction with pay and welfare. It also explored whether self-sacrificial leadership and performance-based rewards could buffer this effect. Data were collected from 463 cabin crew members and analyzed using partial least squares structural equation modeling. The findings confirmed that dissatisfaction with pay and welfare mediated the relationship between management's bottom-line mentality and organizational commitment. Moreover, the negative effect of bottom-line mentality on dissatisfaction was significantly weaker among cabin crew exposed to self-sacrificial leadership and those receiving performance-based rewards. This research contributes to a deeper understanding of how financially driven management priorities can erode employee commitment and identifies two key management practices that may reduce such negative outcomes. The findings highlight the importance of leadership behavior and fair reward systems in maintaining employee morale and productivity, especially in a competitive labor market during organizational restructuring.
{"title":"Cabin crew members' experience with management's bottom-line mentality during airline restructuring: Moderating effects of self-sacrifice leadership and performance-based rewards","authors":"Pornprom Suthatorn , Peerayuth Charoensukmongkol","doi":"10.1016/j.apmrv.2025.100382","DOIUrl":"10.1016/j.apmrv.2025.100382","url":null,"abstract":"<div><div>Grounded in equity and social exchange theories, this study examined the impact of management's bottom-line mentality on cabin crew members' organizational commitment at a national airline in Thailand undergoing corporate restructuring during the COVID-19 pandemic. The proposed model suggested that management's bottom-line mentality would reduce organizational commitment through dissatisfaction with pay and welfare. It also explored whether self-sacrificial leadership and performance-based rewards could buffer this effect. Data were collected from 463 cabin crew members and analyzed using partial least squares structural equation modeling. The findings confirmed that dissatisfaction with pay and welfare mediated the relationship between management's bottom-line mentality and organizational commitment. Moreover, the negative effect of bottom-line mentality on dissatisfaction was significantly weaker among cabin crew exposed to self-sacrificial leadership and those receiving performance-based rewards. This research contributes to a deeper understanding of how financially driven management priorities can erode employee commitment and identifies two key management practices that may reduce such negative outcomes. The findings highlight the importance of leadership behavior and fair reward systems in maintaining employee morale and productivity, especially in a competitive labor market during organizational restructuring.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"30 4","pages":"Article 100382"},"PeriodicalIF":5.6,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145747903","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 : 2025-12-01DOI: 10.1016/j.apmrv.2025.100410
Wen-Wen Chen , Shu-Fen Li , Yu-Chin Lin
Taiwan prioritizes the development of innovation-oriented, R&D-intensive industries, which hold global advantages and competitiveness. For such enterprises, a sound corporate governance mechanism and strong R&D capabilities are critical factors in business performance and overall success. This study explores the relationships among corporate governance performance, innovation capability, and business performance in Taiwan's R&D-intensive industries, focusing on whether innovation capability plays a mediating role. Extensive research discusses the direct relationships between corporate governance and innovation and between governance and performance; however, studies examining the mediating role of innovation in the governance–performance relationship remain lacking. To address this research gap, this study developed a triadic framework to investigate whether innovation capability mediates the relationship between corporate governance evaluation rankings and firm performance, measured by Tobin's Q. Additional analyses indicate that during the COVID-19 pandemic (2018–2020), innovation capability exhibits a significant mediating effect between corporate governance and firm performance. This finding suggests that environmental shocks may strengthen the role of innovation in this relationship. The findings offer theoretical and practical implications for managers in R&D-driven industries, government agencies, and academic researchers.
{"title":"Exploring the impact of corporate governance evaluation on innovation and operating performance: Evidence from R&D-intensive industries in Taiwan","authors":"Wen-Wen Chen , Shu-Fen Li , Yu-Chin Lin","doi":"10.1016/j.apmrv.2025.100410","DOIUrl":"10.1016/j.apmrv.2025.100410","url":null,"abstract":"<div><div>Taiwan prioritizes the development of innovation-oriented, R&D-intensive industries, which hold global advantages and competitiveness. For such enterprises, a sound corporate governance mechanism and strong R&D capabilities are critical factors in business performance and overall success. This study explores the relationships among corporate governance performance, innovation capability, and business performance in Taiwan's R&D-intensive industries, focusing on whether innovation capability plays a mediating role. Extensive research discusses the direct relationships between corporate governance and innovation and between governance and performance; however, studies examining the mediating role of innovation in the governance–performance relationship remain lacking. To address this research gap, this study developed a triadic framework to investigate whether innovation capability mediates the relationship between corporate governance evaluation rankings and firm performance, measured by Tobin's Q. Additional analyses indicate that during the COVID-19 pandemic (2018–2020), innovation capability exhibits a significant mediating effect between corporate governance and firm performance. This finding suggests that environmental shocks may strengthen the role of innovation in this relationship. The findings offer theoretical and practical implications for managers in R&D-driven industries, government agencies, and academic researchers.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"30 4","pages":"Article 100410"},"PeriodicalIF":5.6,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145747087","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 : 2025-12-01DOI: 10.1016/j.apmrv.2025.100400
Tzu-Lun Huang
This study examines digital transformation (DT) in Chinese listed firms through integrating the theories of the resource-based view, dynamic capabilities, and the diffusion of innovations. The results show that DT initially reduces profitability due to upfront costs and organizational friction, while increasing research and development investments without immediate returns. However, market valuations (Tobin's Q) were found to rise immediately, reflecting investor confidence in DT's long-term value. A profitability rebound emerged five years after the adoption, revealing a temporal divergence: Accounting metrics capture short-term strain, whereas market signals anticipate strategic competitiveness. These findings demonstrate that DT's impact depends on implementation quality, time horizons, and external perceptions. By reconciling conflicting perspectives on DT outcomes, this study contributes a nuanced framework for understanding DT as a phased, capability-driven process. It offers practical insights for firms navigating short-term financial pressures while positioning for sustained advantage, and highlights the need for policymakers and investors to account for time-lag effects in evaluating digital strategies.
{"title":"Digital transformation and business performance in China","authors":"Tzu-Lun Huang","doi":"10.1016/j.apmrv.2025.100400","DOIUrl":"10.1016/j.apmrv.2025.100400","url":null,"abstract":"<div><div>This study examines digital transformation (DT) in Chinese listed firms through integrating the theories of the resource-based view, dynamic capabilities, and the diffusion of innovations. The results show that DT initially reduces profitability due to upfront costs and organizational friction, while increasing research and development investments without immediate returns. However, market valuations (Tobin's Q) were found to rise immediately, reflecting investor confidence in DT's long-term value. A profitability rebound emerged five years after the adoption, revealing a temporal divergence: Accounting metrics capture short-term strain, whereas market signals anticipate strategic competitiveness. These findings demonstrate that DT's impact depends on implementation quality, time horizons, and external perceptions. By reconciling conflicting perspectives on DT outcomes, this study contributes a nuanced framework for understanding DT as a phased, capability-driven process. It offers practical insights for firms navigating short-term financial pressures while positioning for sustained advantage, and highlights the need for policymakers and investors to account for time-lag effects in evaluating digital strategies.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"30 4","pages":"Article 100400"},"PeriodicalIF":5.6,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145747907","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 : 2025-12-01DOI: 10.1016/j.apmrv.2025.100374
Abdur Rahman Nayeem , Md Shihab Shakur , Binoy Debnath , Md Tanvir Siraj , Gazi Md Galib Hossain , Muhommad Azizur Rahman , A.B.M. Mainul Bari
The widespread adoption of blockchain technology (BT) contributes to optimizing the supply chain (SC), especially for rapid product development, on-time product delivery, and a wide range of customized product offerings. Since the fast-moving consumer goods (FMCG) SC requires a shorter lead time and higher turnover rate compared to the usual SC, BT adoption can significantly benefit FMCG SC. This study, therefore, focuses on presenting an overall analysis of the barriers to adopting BT in the FMCG SC in an emerging economy like Bangladesh, utilizing an integrated approach that combines the Pareto analysis and the fuzzy-set qualitative comparative analysis (fsQCA), to uncover complex, multi-dimensional causal configurations that explain the barriers to BT adoption in the FMCG supply chain. The fsQCA approach enables a more nuanced understanding of how different combinations of factors interact to hinder adoption. This methodological contribution is particularly relevant for emerging economies such as Bangladesh, where traditional linear models often fail to capture the complexity of real-world decision-making environments. In this study, nineteen barriers were initially identified through a comprehensive literature review and discussions with academics and industry experts. After the Pareto analysis, the ten most significant barriers were finally selected to be analyzed using the fsQCA approach. The results from fsQCA indicate that the top four barriers are insufficient SC collaboration, communication, and coordination; immaturity of the technology; insufficient commitment and support from top management; and limited data sharing among SC partners. The high consistency of 96.4 % and solution coverage value of 94.8 % underscores the results' robustness and ensures that the proposed solutions are both reliable and widely applicable. The study has the potential to offer a nuanced understanding of the interplay between the barriers and, thus, provide actionable insights to decision-makers, industrial leaders, and policymakers to formulate long-term strategies to facilitate BT adoption in the FMCG sector and improve its overall SC responsiveness and efficiency.
{"title":"Unraveling the blockchain technology adoption barriers in the fast-moving consumer goods supply chain: An integrated fuzzy-set qualitative comparative analysis approach","authors":"Abdur Rahman Nayeem , Md Shihab Shakur , Binoy Debnath , Md Tanvir Siraj , Gazi Md Galib Hossain , Muhommad Azizur Rahman , A.B.M. Mainul Bari","doi":"10.1016/j.apmrv.2025.100374","DOIUrl":"10.1016/j.apmrv.2025.100374","url":null,"abstract":"<div><div>The widespread adoption of blockchain technology (BT) contributes to optimizing the supply chain (SC), especially for rapid product development, on-time product delivery, and a wide range of customized product offerings. Since the fast-moving consumer goods (FMCG) SC requires a shorter lead time and higher turnover rate compared to the usual SC, BT adoption can significantly benefit FMCG SC. This study, therefore, focuses on presenting an overall analysis of the barriers to adopting BT in the FMCG SC in an emerging economy like Bangladesh, utilizing an integrated approach that combines the Pareto analysis and the fuzzy-set qualitative comparative analysis (fsQCA), to uncover complex, multi-dimensional causal configurations that explain the barriers to BT adoption in the FMCG supply chain. The fsQCA approach enables a more nuanced understanding of how different combinations of factors interact to hinder adoption. This methodological contribution is particularly relevant for emerging economies such as Bangladesh, where traditional linear models often fail to capture the complexity of real-world decision-making environments. In this study, nineteen barriers were initially identified through a comprehensive literature review and discussions with academics and industry experts. After the Pareto analysis, the ten most significant barriers were finally selected to be analyzed using the fsQCA approach. The results from fsQCA indicate that the top four barriers are <em>insufficient SC collaboration, communication, and coordination</em>; <em>immaturity of the technology</em>; <em>insufficient commitment and</em> support <em>from top management</em>; and <em>limited data sharing among SC partners</em>. The high consistency of 96.4 % and solution coverage value of 94.8 % underscores the results' robustness and ensures that the proposed solutions are both reliable and widely applicable. The study has the potential to offer a nuanced understanding of the interplay between the barriers and, thus, provide actionable insights to decision-makers, industrial leaders, and policymakers to formulate long-term strategies to facilitate BT adoption in the FMCG sector and improve its overall SC responsiveness and efficiency.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"30 4","pages":"Article 100374"},"PeriodicalIF":5.6,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145747904","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 : 2025-12-01DOI: 10.1016/j.apmrv.2025.100373
Bora Ly
This study critically examines the unique contribution of Green Human Resource Management (GHRM) and Inclusive Leadership (IL) to Circular Economy Performance (CEP) in Cambodia's public sector. Utilizing the Resource-Based View (RBV) and Ability, Motivation, and Opportunity (AMO) frameworks, the study draws on data from 387 public employees, analyzed through Partial Least Squares Structural Equation Modeling (PLS-SEM). The findings demonstrate that GHRM significantly influences IL and directly enhances CEP. IL also partially mediates, strengthening the link between GHRM and CEP. By highlighting the synergistic effects of GHRM and IL, the study provides new insights into how leadership amplifies the impact of green HR practices on sustainability outcomes. The research also emphasizes the importance of strategically aligning HR and leadership practices to optimize circular economy performance, offering actionable recommendations for public sector management. These contributions underscore the scientific and practical value of integrating GHRM and IL for sustainable development in resource-constrained environments.
{"title":"Beyond conventional HRM: Catalyzing circular economy performance with green practices and inclusive leadership","authors":"Bora Ly","doi":"10.1016/j.apmrv.2025.100373","DOIUrl":"10.1016/j.apmrv.2025.100373","url":null,"abstract":"<div><div>This study critically examines the unique contribution of Green Human Resource Management (GHRM) and Inclusive Leadership (IL) to Circular Economy Performance (CEP) in Cambodia's public sector. Utilizing the Resource-Based View (RBV) and Ability, Motivation, and Opportunity (AMO) frameworks, the study draws on data from 387 public employees, analyzed through Partial Least Squares Structural Equation Modeling (PLS-SEM). The findings demonstrate that GHRM significantly influences IL and directly enhances CEP. IL also partially mediates, strengthening the link between GHRM and CEP. By highlighting the synergistic effects of GHRM and IL, the study provides new insights into how leadership amplifies the impact of green HR practices on sustainability outcomes. The research also emphasizes the importance of strategically aligning HR and leadership practices to optimize circular economy performance, offering actionable recommendations for public sector management. These contributions underscore the scientific and practical value of integrating GHRM and IL for sustainable development in resource-constrained environments.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"30 4","pages":"Article 100373"},"PeriodicalIF":5.6,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145747900","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 : 2025-12-01DOI: 10.1016/j.apmrv.2025.100385
Chang Xu , Jie Sun , Haodong Lv
As a strategic asset restructuring initiative, the spinoff of China Railway Construction Heavy Industry Corporation (CRCHI) from China Railway Construction Corporation (CRCC) and its listing on the Science and Technology Innovation Board (STAR Market) addressed financing needs while aligning with national industrial policies. Integrated in theories of financing strategy, core competence, information asymmetry, and management incentives, the decision leveraged the STAR Market's cost-effectiveness, larger financing scale, and streamlined approval process to secure capital for growth and technological innovation. Post-spinoff, both firms strengthened core business focus and operational efficiency, driving significant profitability gains. Diversified financing channels, reduced financial leverage, and enhanced debt-paying capacity further underscored the financial benefits. CRCHI also demonstrated greater technological innovation, securing national patents and leading key research projects, reinforcing the spinoff's role in long-term value creation. Emphasized are the broader implications for corporate restructuring, where sustainable subsidiary growth, strategic alignment with the parent company, and optimal listing platform selection emerge as critical to maximizing long-term value. The results contribute to a deeper understanding of spinoff listings and offer actionable insights for corporations considering similar asset restructuring strategies to drive growth and innovation.
{"title":"Path selection and value evaluation of spinoff listings from the perspective of registration systems: Evidence from the China Railway construction corporation","authors":"Chang Xu , Jie Sun , Haodong Lv","doi":"10.1016/j.apmrv.2025.100385","DOIUrl":"10.1016/j.apmrv.2025.100385","url":null,"abstract":"<div><div>As a strategic asset restructuring initiative, the spinoff of China Railway Construction Heavy Industry Corporation (CRCHI) from China Railway Construction Corporation (CRCC) and its listing on the Science and Technology Innovation Board (STAR Market) addressed financing needs while aligning with national industrial policies. Integrated in theories of financing strategy, core competence, information asymmetry, and management incentives, the decision leveraged the STAR Market's cost-effectiveness, larger financing scale, and streamlined approval process to secure capital for growth and technological innovation. Post-spinoff, both firms strengthened core business focus and operational efficiency, driving significant profitability gains. Diversified financing channels, reduced financial leverage, and enhanced debt-paying capacity further underscored the financial benefits. CRCHI also demonstrated greater technological innovation, securing national patents and leading key research projects, reinforcing the spinoff's role in long-term value creation. Emphasized are the broader implications for corporate restructuring, where sustainable subsidiary growth, strategic alignment with the parent company, and optimal listing platform selection emerge as critical to maximizing long-term value. The results contribute to a deeper understanding of spinoff listings and offer actionable insights for corporations considering similar asset restructuring strategies to drive growth and innovation.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"30 4","pages":"Article 100385"},"PeriodicalIF":5.6,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145747905","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}
The study of crisis management is vital for developing effective strategies that address the unique challenges posed by socio-political and environmental contexts. Despite its importance, there is a notable lack of research on crisis management across various sectors in Malaysia. This highlights the need for comprehensive studies considering the country's challenges and strategies. Through the lens of dynamic capabilities theory, this research aims to fill the gap in existing literature by focusing on Malaysia's distinct socio-economic and cultural dynamics, which may influence the effectiveness of crisis management strategies. Data were collected from 310 employees of Malaysian manufacturing companies and analyzed using structural equation modeling (SEM). The results reveal that leadership assessment (LA), transformational leadership style (TLS), strategic flexibility (SF), e-readiness (ER), and open innovation (OI) positively predict crisis management success (CMS). Surprisingly, strategic planning showed no significant relationship with CMS. Additionally, the study examined the mediating effects of open innovation on these constructs. The findings indicate that all variables, except strategic planning, enhance the positive relationship between open innovation activities and crisis management success. The study offers innovative approaches to crisis management by thoughtfully integrating effective and culturally acceptable methods within organizations during crises. These findings contribute valuable insights for enhancing the effectiveness of crisis management strategies in Malaysia and beyond.
{"title":"Leadership in open innovation: Strategies for effective crisis management in Malaysia","authors":"Mosharrof Hosen , Irfan Hameed , Rajat Subhra Chatterjee , Mosaddek Hossain , Hafiz Mudassir Rehman","doi":"10.1016/j.apmrv.2025.100371","DOIUrl":"10.1016/j.apmrv.2025.100371","url":null,"abstract":"<div><div>The study of crisis management is vital for developing effective strategies that address the unique challenges posed by socio-political and environmental contexts. Despite its importance, there is a notable lack of research on crisis management across various sectors in Malaysia. This highlights the need for comprehensive studies considering the country's challenges and strategies. Through the lens of dynamic capabilities theory, this research aims to fill the gap in existing literature by focusing on Malaysia's distinct socio-economic and cultural dynamics, which may influence the effectiveness of crisis management strategies. Data were collected from 310 employees of Malaysian manufacturing companies and analyzed using structural equation modeling (SEM). The results reveal that leadership assessment (LA), transformational leadership style (TLS), strategic flexibility (SF), e-readiness (ER), and open innovation (OI) positively predict crisis management success (CMS). Surprisingly, strategic planning showed no significant relationship with CMS. Additionally, the study examined the mediating effects of open innovation on these constructs. The findings indicate that all variables, except strategic planning, enhance the positive relationship between open innovation activities and crisis management success. The study offers innovative approaches to crisis management by thoughtfully integrating effective and culturally acceptable methods within organizations during crises. These findings contribute valuable insights for enhancing the effectiveness of crisis management strategies in Malaysia and beyond.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"30 4","pages":"Article 100371"},"PeriodicalIF":5.6,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145747899","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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