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What else lies behind the credit rationing? Exploring the issue of employment 信贷配给的背后还有什么?探讨就业问题
IF 2.9 Q1 Economics, Econometrics and Finance Pub Date : 2024-04-09 DOI: 10.1108/jabs-11-2023-0458
Ioannis Vlassas, Christos Kallandranis, Antonis Ballis, Loukas Glyptis, Lan Mai Thanh

Purpose

This paper aims to review the literature extensively by analysing recent work and providing a guide for models, data sets and research findings.

Design/methodology/approach

This paper reviews the literature extensively by analysing recent work and providing a guide for models, data sets and research findings within the context of capital market imperfections. The authors further break down the literature into closer-in-nature categories for reader’s convenience and comprehension. Finally, the authors address gaps in the existing literature and propose government policies that can tone down the potential effect of credit rationing on employment.

Findings

This paper provides a map of the literature so as to help future researchers in the relevant literature and give a short insight of what has been explored so far.

Originality/value

This paper is original and is the result of a thorough review of an extensive literature.

设计/方法/途径 本文通过分析近期的工作,对文献进行了广泛的回顾,并为资本市场缺陷背景下的模型、数据集和研究成果提供了指导。为方便读者阅读和理解,作者进一步将文献细分为性质更接近的类别。最后,作者探讨了现有文献中存在的不足,并提出了政府政策建议,这些政策可以降低信贷配给对就业的潜在影响。
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引用次数: 0
How karmic beliefs and beliefs in a just world interact to trigger consumer’s pro-environmental consumption behavior: does gender matter? 因果报应信念和对公正世界的信念如何相互作用,引发消费者的环保消费行为:性别是否重要?
IF 2.9 Q1 Economics, Econometrics and Finance Pub Date : 2024-04-03 DOI: 10.1108/jabs-09-2023-0373
Cong Doanh Duong, Xuan Hau Doan, Thi Huyen Nguyen, Van Thanh Dao, Thi Phuong Thu Nguyen

Purpose

Little is known about how religious-related beliefs (i.e. karmic beliefs and beliefs in a just world) might affect consumers to engage in more environmentally friendly behavior. Drawing on the justice motive theory, this study aims to explore the individual, complementary, congruent and incongruent impacts of karmic beliefs and belief in a just world on consumers’ proenvironmental consumption.

Design/methodology/approach

A sample of 736 consumers was recruited by means of a mall-intercept survey in the most populus cities in Vietnam. An advanced technique – polynomial regression with response surface analysis – was used to test the hypothesized model, whereas the PROCESS macro approach was used to estimate indirect effects.

Findings

The findings indicate that while karmic beliefs do not directly affect proenvironmental consumption, they can inspire environmentally friendly behaviors through belief in a just world. High levels of both beliefs enhance proenvironmental consumption, but imbalanced levels erode such behaviors. Importantly, the findings revealed gender differences concerning the role of religious beliefs in influencing proenvironmental consumption among male and female consumers.

Practical implications

The findings of this study offered several theoretical and managerial implications for proenvironmental consumption.

Originality/value

The research provides new insights into how religious beliefs (karmic beliefs and belief in a just world) affect, interact, balance and imbalance with each other to trigger proenvironmental consumption. The research also contributes to the sustainable consumption literature by indicating the mediation roles of belief in a just world and proenvironmental consumption intention in the relationship between beliefs in karma and actual proenvironmental consumption behavior, as well as offering empirical evidence about the gender differences regarding these relationships.

目的 人们对与宗教有关的信仰(即因果报应信仰和对公正世界的信仰)如何影响消费者的环保行为知之甚少。本研究以正义动机理论为基础,旨在探讨因果报应信仰和正义世界信仰对消费者环保消费的个体影响、互补影响、一致影响和不一致影响。研究结果研究结果表明,虽然因果报应信念并不直接影响亲环境消费,但它可以通过对公正世界的信念激发亲环境行为。这两种信念的高水平都会促进亲环境消费,但不平衡的水平则会削弱这种行为。重要的是,研究结果揭示了宗教信仰在影响男性和女性消费者的亲环境消费方面的性别差异。原创性/价值这项研究为宗教信仰(因果报应信仰和对公正世界的信仰)如何相互影响、相互作用、平衡和失衡以引发亲环境消费提供了新的见解。研究还指出了在因果报应信仰与实际环保消费行为之间的关系中,对公正世界的信仰和环保消费意向所起的中介作用,并就这些关系中的性别差异提供了实证证据,从而为可持续消费文献做出了贡献。
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引用次数: 0
Capital market effects of corporate transparency and sustainability: evidence from an emerging economy 企业透明度和可持续性对资本市场的影响:来自新兴经济体的证据
IF 2.9 Q1 Economics, Econometrics and Finance Pub Date : 2024-04-02 DOI: 10.1108/jabs-02-2023-0071
YoungKyung Ko, Ravichandran Subramaniam, Susela Devi
PurposeThe study aims to examine the association between corporate transparency and firm value (capital market effect) and investigate whether auditor choice moderates this relationship.Design/methodology/approachThis study uses the Malaysian Institute of Corporate Governance (2017) data set, which provides scores on anti-corruption commitment, organisational transparency and sustainability of Malaysia’s top 100 listed firms. The methodology entails an ordinary pooled least square regression method for empirical research.FindingsThe positive association between corporate transparency and firm value is more evident in anti-corruption and sustainability initiatives. More importantly, government-linked companies have higher scores. Firms with enhanced anti-corruption commitment are more likely to have higher firm value, and this relationship is more evident for politically connected firms. This study also finds that auditor choice is associated with the firm value in the sampled listed firms.Practical implicationsThe findings provide implications for investors and regulators on the role of corporate transparency in an emerging capital market.Social implicationsThe study recommends that emerging market regulators continue enhancing corporate governance codes and practices to improve reporting transparency for listed firms.Originality/valueThis study contributes to the growing literature on sustainability disclosures by incorporating corporate reporting transparency, explicitly relating to firms’ commitment to anti-corruption, organisational transparency and sustainability.
目的本研究旨在探讨企业透明度与公司价值(资本市场效应)之间的关联,并研究审计师的选择是否会调节这种关系。设计/方法/途径本研究使用马来西亚公司治理研究所(2017 年)的数据集,该数据集提供了马来西亚前 100 家上市公司在反腐败承诺、组织透明度和可持续性方面的得分。研究结果企业透明度与企业价值之间的正相关关系在反腐败和可持续发展举措中更为明显。更重要的是,与政府有关联的公司得分更高。加强反腐败承诺的公司更有可能获得更高的公司价值,这种关系在与政治有关联的公司中更为明显。本研究还发现,审计师的选择与被抽样上市公司的公司价值有关。社会影响本研究建议新兴市场的监管机构继续加强公司治理准则和实践,以提高上市公司的报告透明度。
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引用次数: 0
The development and primary validation of employee green behavior scale 员工绿色行为量表的开发与初步验证
IF 2.9 Q1 Economics, Econometrics and Finance Pub Date : 2024-04-01 DOI: 10.1108/jabs-10-2023-0437
Shreyasi Roy, S. Sia
PurposeThe increasing adverse impact of human behavior toward the environment has brought in changes in research focus on environmental behavior toward the workplace. Because the employee spends one-third of his day in his workplace, the initiatives taken by the employee also have an impact on the company’s environmental stance. Therefore, the researchers gradually focus on employee green behavior (EGB) and its measurement. The study aims to devise a tool for measuring EGB.Design/methodology/approachTwo studies were carried out using the survey method using the purposive sampling technique. The data were collected (Studies 1 and 2) from managers and supervisors working in manufacturing companies located in Kolkata, India.FindingsThe first study was done to extract the principal factors using an initial 30 items (N = 220). The result of the principal component analysis shows the emergence of three factors spread over 20 items with loadings above 0.40. The 20-item scale was again administered on managers and supervisors (N = 243). The second study was carried out to examine the convergent and discriminant validity as well as stability of the tool through confirmatory factor analysis (CFA) (N = 243). The result of CFA showed the presence of 16 items spread through three factors: practice and policy, digital use and recycle and reuse. Multiple fit indices support a three-factor model of the 16-item EGB scale.Research limitations/implicationsThe scale would be a good measure of EGB and can be used for further research. The EGB scale is a composite scale containing three major dimensions that can be used as a complete measure of EGB.Originality/valueThe present research aims to fill the current gap by building a comprehensive tool for measuring EGB. The present scale has also addressed the shortcoming of the previous scale and tried to include varied proenvironmental behaviors exhibited in the workplace.
目的 人类行为对环境造成的负面影响越来越大,导致对工作场所环境行为的研究重点也发生了变化。由于员工每天有三分之一的时间是在工作场所度过的,因此员工所采取的举措也会对公司的环境立场产生影响。因此,研究人员逐渐关注员工绿色行为(EGB)及其测量。本研究旨在设计一种测量 EGB 的工具。研究结果第一项研究使用最初的 30 个项目(N = 220)提取主因子。主成分分析的结果显示,在 20 个项目中出现了三个因子,其载荷均在 0.40 以上。对管理人员和主管人员(N = 243)再次施测了 20 个项目的量表。第二项研究是通过确认性因素分析(CFA)来检验工具的收敛效度、判别效度和稳定性(243 人)。确证因子分析结果表明,16 个项目分布在三个因子中:实践与政策、数字使用以及回收和再利用。多重拟合指数支持 16 个项目的 EGB 量表的三因素模型。EGB 量表是一个包含三个主要维度的复合量表,可用作对 EGB 的全面测量。本量表还解决了以往量表的不足之处,并尝试纳入工作场所中表现出的各种亲环境行为。
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引用次数: 0
Exploring the interplay between job resources, employee engagement, and adaptive job performance with a focus on psychological contract fulfillment 以心理契约的履行为重点,探索工作资源、员工敬业度和适应性工作绩效之间的相互作用
IF 2.9 Q1 Economics, Econometrics and Finance Pub Date : 2024-04-01 DOI: 10.1108/jabs-09-2023-0379
Muhammad Naveed, Muhammad Qamar Zia

Purpose

This study aims to discuss relationship between job resources and employees adaptive job performance. Using the job demands-resource (JD-R) theory, the paper examines the mediating role of work engagement in the relationship between job resources and adaptive job performance. The study also explores the moderating role of psychological contract fulfillment.

Design/methodology/approach

The study is based on data gathered from 254 employees of hospitality sector in Pakistan through a Web-based survey. The statistical verification conducted through using partial least squares structural equation modeling.

Findings

Findings has confirmed that job resources positively related to employees’ adaptive job performance. Furthermore, the mediation effect is explained by employees’ work engagement. Interestingly, employee psychological contract fulfillment moderated the positive relationship between job resources and employees’ work engagement.

Originality/value

The present study expands the previous research that validates the assumptions of job demand-resources theory into hospitality employees to harness job resources with employees’ engagement and performance as well as highlight the role of psychological contract fulfillment.

目的 本研究旨在探讨工作资源与员工适应性工作绩效之间的关系。本文运用工作需求-资源(JD-R)理论,探讨了工作投入在工作资源与适应性工作绩效之间的中介作用。该研究还探讨了心理契约履行的调节作用。该研究通过网络调查收集了巴基斯坦酒店业 254 名员工的数据。研究结果证实,工作资源与员工的适应性工作绩效正相关。此外,员工的工作投入度也起到了中介作用。原创性/价值本研究拓展了以往的研究,验证了工作需求-资源理论的假设,将工作资源与员工的敬业度和绩效结合起来,并强调了心理契约履行的作用。
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引用次数: 0
Institutional view of corporate social responsibility in the Iranian context 伊朗企业社会责任的制度视角
IF 2.9 Q1 Economics, Econometrics and Finance Pub Date : 2024-03-29 DOI: 10.1108/jabs-02-2023-0050
Amir Ghazinoori, Manjit Singh Sandhu, Ashutosh Sarker

Purpose

The purpose of this study is to examine how formal and informal institutions play a role in the Iranian context in shaping corporate social responsibility (CSR) policies and practices.

Design/methodology/approach

Using a multiple case-study approach combining comparative and cross-sectional methods with semi-structured interviews, primary data was collected from eight corporations that actively participated in CSR activities in Iran. A microanalysis approach was used to examine the meanings and dynamics in the data. Through thematic analysis and pattern-matching techniques, the authors separately examined the roles of formal and informal institutions. Cross-case analysis was used to highlight the cases’ similarities and differences.

Findings

This study demonstrates that both formal and informal institutional structures exist in Iran and that both types influence CSR. This study also shows that informal institutions (such as personal values, culture, religion, traditions, charity and philanthropy) play a more explicit role than formal institutions (such as legal regulations and laws) in shaping CSR adoption policies and practices. The results indicate that, among institutions linked to CSR, formal and informal institutions are complementary and potentiate each other in Iran. Nevertheless, compared to formal ones, informal institutions play a more prominent role in shaping CSR policies and practices.

Research limitations/implications

The authors recognize that, although the eight corporations are large, and although they interviewed their key personnel, they do not claim that these findings are generalizable, owing to the qualitative nature of the study and the small number of selected corporations.

Originality/value

This study makes relevant theoretical and empirical contributions. First, it contributes to the growing body of CSR literature that highlights the necessity of linking informal and formal institutions. Although the CSR literature lacks research on informal institutions in developing economies, researchers have yet to push forward and explore how the CSR adoption process works in developing economies that have influential informal institutions.

本研究的目的是探讨伊朗的正式和非正式机构如何在企业社会责任(CSR)政策和实践的形成过程中发挥作用。采用微观分析方法来研究数据中的含义和动态变化。通过主题分析和模式匹配技术,作者分别研究了正式和非正式机构的作用。研究结果本研究表明,伊朗存在正式和非正式的制度结构,这两种类型的制度结构都会影响企业社会责任。本研究还表明,与正式制度(如法律法规)相比,非正式制度(如个人价值观、文化、宗教、传统、慈善和公益事业)在形成企业社会责任政策和实践方面发挥着更明确的作用。研究结果表明,在伊朗,与企业社会责任相关的制度中,正式制度和非正式制度是互补的,并且相互促进。尽管如此,与正式机构相比,非正式机构在形成企业社会责任政策和实践方面发挥着更突出的作用。研究局限性/影响作者承认,尽管这八家公司规模较大,尽管他们采访了这些公司的关键人员,但由于研究的定性性质以及所选公司数量较少,他们并不声称这些研究结果具有普遍性。首先,本研究为日益增多的企业社会责任文献做出了贡献,这些文献强调了将非正式和正式机构联系起来的必要性。虽然企业社会责任文献缺乏对发展中经济体非正规机构的研究,但研究人员仍有待推进和探索企业社会责任采纳过程在具有影响力的非正规机构的发展中经济体是如何运作的。
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引用次数: 0
A corporate social responsibility (CSR)-led competitiveness framework through a bibliometric analysis (2001–2023) 通过文献计量分析建立以企业社会责任(CSR)为主导的竞争力框架(2001-2023 年)
IF 2.9 Q1 Economics, Econometrics and Finance Pub Date : 2024-03-20 DOI: 10.1108/jabs-02-2023-0074
Amit Kumar, Saurav Snehvrat, Prerna Kumari, Priyanka Priyadarshani, Preyaan Ray

Purpose

Corporate social responsibility (CSR) is viewed as a differentiating strategy that wins over stakeholders’ confidence. Due to the potential strategic and positive effects on businesses, the study of CSR and its relationship to competitiveness has gained relevance. While studies have examined the impact of CSR activities on firm competitiveness, the findings so far remain contradictory. Further research on the underlying processes/mechanisms that explain how CSR contributes to competitiveness remains scarce. Accordingly, this study aims to look into the link between CSR and competitiveness with a focus on Asian business and management studies.

Design/methodology/approach

By using a bibliometric approach, this paper aims to provide a review of the state-of-the-art research on the linkage between CSR and competitiveness in Asian context. The sample for this research included all 538 studies from the period of 2001–2023 in the Scopus database. A bibliometric study included both co-occurrence and co-citation analysis.

Findings

The study’s findings made significant contributions by identifying seven distinct clusters of co-occurrences. Using co-citation, three journals-based co-citation clusters and another three authors-based co-citation clusters are identified. The findings show how processes/mechanisms such as – accountability, multi-stakeholder dialogue/engagement, resource generation, emphasizing sustainable development goals and emerging markets, redefining strategy, cultivating value/vision and CSR leadership – are increasing in importance.

Practical implications

Overall, the authors argue that CSR-led competitiveness is indeed one of the key drivers for improved sustainability performance of a firm.

Originality/value

Based on findings, a conceptual framework has been proposed highlighting different processes and mechanisms that influence the CSR-led competitiveness – outcomes relationship.

目的企业社会责任(CSR)被视为一种赢得利益相关者信任的差异化战略。由于企业社会责任对企业具有潜在的战略和积极影响,研究企业社会责任及其与竞争力的关系已变得越来越重要。虽然已有研究探讨了企业社会责任活动对企业竞争力的影响,但迄今为止的研究结果仍然相互矛盾。关于企业社会责任如何促进竞争力的基本过程/机制的进一步研究仍然很少。因此,本研究以亚洲的商业和管理研究为重点,旨在探讨企业社会责任与竞争力之间的联系。设计/方法/途径本文采用文献计量学方法,旨在对亚洲背景下企业社会责任与竞争力之间联系的最新研究进行综述。研究样本包括 Scopus 数据库中 2001-2023 年间的所有 538 篇研究。文献计量学研究包括共现分析和共引分析。研究结果该研究发现了七个不同的共现群组,做出了重大贡献。通过共现分析,确定了三个基于期刊的共现群组和另外三个基于作者的共现群组。研究结果表明,问责制、多方利益相关者对话/参与、创造资源、强调可持续发展目标和新兴市场、重新定义战略、培养价值/愿景和企业社会责任领导力等过程/机制的重要性正在不断提高。
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引用次数: 0
Enhancing organizational citizenship behavior in a non-western context of the UAE: the role of organizational justice, leadership and psychological empowerment 在阿联酋的非西方环境中加强组织公民行为:组织公正、领导力和心理赋权的作用
IF 2.9 Q1 Economics, Econometrics and Finance Pub Date : 2024-03-18 DOI: 10.1108/jabs-08-2023-0310
Asma AlHammadi, Hossam M. Abu Elanain

Purpose

The purpose of this study is twofold: first, to examine the direct relationship of organizational justice (OJ), psychological empowerment (PE), Leader Member Exchange (LMX), organizational citizenship behavior (OCB), LMX on PE and OCB and PE on OCB; and second, to investigate the mediating role of PE between OJ and OCB and between LMX and OCB in the service industry in a non-Western context.

Design/methodology/approach

A quantitative questionnaire was used to test the proposed hypotheses of the study. From employees working in service providing organizations in the UAE, 364 usable responses had been collected and data was analyzed using structural equation modeling (SEM).

Findings

OJ significantly influences PE and LMX, while its influence on OCB is insignificant. Also, LMX significantly affects PE and OCB, PE significantly impacts OCB, whereas PE and LMX significantly mediate the relationship between OJ and OCB.

Practical implications

Organizations should promote fairness, psychological empowerment and OCB among employees. Additionally, leaders should develop positive and productive relationships with their employees.

Originality/value

To the best of the authors’ knowledge, this study is one of a limited number of studies designed to analyze the hypothesized relationships within a non-Western context, specifically in the UAE.

目的本研究有两个目的:第一,研究组织公正(OJ)、心理授权(PE)、领导成员交流(LMX)、组织公民行为(OCB)、LMX 对 PE 和 OCB 以及 PE 对 OCB 的直接关系;第二,研究 PE 在非西方背景下服务行业中 OJ 和 OCB 以及 LMX 和 OCB 之间的中介作用。研究结果OJ 对 PE 和 LMX 有显著影响,而对 OCB 的影响不显著。同时,LMX 对 PE 和 OCB 有明显影响,PE 对 OCB 有明显影响,而 PE 和 LMX 对 OJ 和 OCB 之间的关系有明显的中介作用。此外,领导者还应与员工建立积极和富有成效的关系。原创性/价值 据作者所知,本研究是在非西方背景下,特别是在阿联酋,为分析假设关系而进行的有限研究之一。
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引用次数: 0
The role of mindfulness skill and inclusive leadership in job performance among secondary teachers in Hong Kong 正念技巧和包容性领导对香港中学教师工作表现的影响
IF 2.9 Q1 Economics, Econometrics and Finance Pub Date : 2024-03-07 DOI: 10.1108/jabs-08-2023-0313
Liang Hong, Siti Rohaida Mohamed Zainal
PurposeResearcher agreed that job performance has a positive effect on productivity as well as an organisation’s efficiency. Thus, this study aims to investigate the impact of mindfulness skill, inclusive leadership (IL), employee work engagement and self-compassion on the overall job performance of secondary school teachers in Hong Kong. It then evaluates the mediating effect of employee work engagement between the relationships of mindfulness skill, IL and job performance, as well as the moderate effect of self-compassion between the relationships of mindfulness skill, IL and employee work engagement.Design/methodology/approachThe sample comprised 263 teachers working from three secondary schools in Sha Tin, Hong Kong. The data was then analysed using Smart PLS version 4.0.9.FindingsThe results showed significant positive relationships between mindfulness skill and IL towards employee work engagement and between employee work engagement and job performance; meanwhile, there emerged a significant effect on the relationship between mindfulness skill and IL towards job performance. Furthermore, this research has confirmed that self-compassion did not moderate the relationship between mindfulness skill, IL and employee work engagement, but employee work engagement plays a mediating effect on the relationship between mindfulness skill, IL and job performance.Originality/valueThis research has helped to fill the literature gap by examining the mediating roles of employee work engagement and mediator role of self-compassion in the integrated relationship of multi-factor and job performance. Examining the mediating role of employee work engagement has helped to enhance the understanding of the underlying principle of the indirect influence of mindfulness skill, IL and job performance. The result of this research shows that self-compassion plays a vital role in influencing the employees’ work engagement. Hence, it is important that companies design human resource management policy that enables self-compassion to be used as a consideration psychological-related strategy when structing organisation or teams. It is also crucial for top management and policymakers to define and communicate the organisation’s operating principle, value and goals.
研究目的 研究人員認同工作表現對生產力及機構效率有正面影響。因此,本研究旨在探讨正念技巧、包容性领导、员工工作投入度和自我同情对香港中学教师整体工作绩效的影响。研究还评估了员工工作投入度在正念技能、包容性领导和工作绩效之间的中介效应,以及自我同情在正念技能、包容性领导和员工工作投入度之间的调节效应。研究结果表明,正念技能和IL与员工工作投入之间以及员工工作投入与工作绩效之间存在显著的正相关关系;同时,正念技能和IL对工作绩效的影响也很显著。此外,本研究还证实,自我同情并没有调节正念技能、IL 和员工工作投入之间的关系,但员工工作投入对正念技能、IL 和工作绩效之间的关系起到了中介作用。原创性/价值本研究通过研究员工工作投入和自我同情在多因素与工作绩效综合关系中的中介作用,填补了文献空白。研究员工工作投入的中介作用有助于加深对正念技能、IL 和工作绩效间接影响的基本原理的理解。研究结果表明,自我同情在影响员工工作投入度方面起着至关重要的作用。因此,企业在设计人力资源管理政策时,必须将自我同情作为构建组织或团队时考虑的心理相关策略。此外,高层管理者和政策制定者还必须明确并传达组织的运营原则、价值观和目标。
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引用次数: 0
Investment efficiency of targeted S-curve industries: the roles of CEO duality and financial reporting quality 目标 S 曲线行业的投资效率:CEO 双重性和财务报告质量的作用
IF 2.9 Q1 Economics, Econometrics and Finance Pub Date : 2024-02-29 DOI: 10.1108/jabs-04-2023-0131
Sirada Nuanpradit

Purpose

The purpose of this study is to examine the association between the combined roles of chief executive officer (CEO)-chairman titles (CEO duality) and investment efficiency, defined as a lower deviation from expected investment for targeted S-curve firms used to propel an innovation-driven economy. This study also aims to investigate the moderating effect of financial reporting quality on this association.

Design/methodology/approach

This paper focuses on the ten targeted S-curve industries – under the definition of the Thailand 4.0 model – listed on the Stock Exchange of Thailand (SET) from 2000 to 2019. Data related to CEO/chairman titles and investment supports were manually collected from the annual reports, the SET market analysis and reporting tool database and the company websites. Financial data used to estimate investment behaviors and discretionary accruals were extracted from 1999. The study analyzes unbalanced panel data using fixed-effects regressions. Additional tests embrace replacing the sample with nontargeted firms, partitioning into granted and nongranted firms, adding CEOs’ demographic moderators, using alternative variable measures and analyzing for lagged independent variables.

Findings

The main findings show that CEO duality reduces overinvestment but worsens underinvestment in targeted firms. Financial reporting quality (FRQ) appears to strengthen CEO duality in mitigating extreme spending but has no impact on the association between CEO duality and underinvestment. Additional results, for example, conclude that CEO duality has no association with both over- and underinvesting at nontargeted firms, but its effect becomes positively significant on overinvestment when financial reporting quality is high. The negative association between CEO duality and overinvestment is found only in government-granted and targeted firms. FRQ encourages CEO duality in lowering overinvestment among targeted firms without grants. CEOs’ female and serviced early years appear to elevate those main findings.

Practical implications

These findings assist innovative corporations in choosing a proper leadership structure to cope with investment inefficiency. The research gives the government and regulatory bodies an insight into the qualifications of the leadership structure and financial information that helps them put forward effective policies.

Originality/value

To the best of the author’s knowledge, this study is among the first to establish the association between CEO duality and investment efficiency for innovation-driven firms in a transforming economy. The study fills the gap in the literature on management, accounting and finance by unveiling the interplay between dual leadership and financial reporting in affecting the efficiency of investments.

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