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Sustainability reporting and total quality management post-pandemic: the role of environmental, social, governance (ESG), and smart technology adoption 大流行后的可持续性报告和全面质量管理:环境、社会、治理(ESG)和智能技术应用的作用
IF 2.9 Q1 Economics, Econometrics and Finance Pub Date : 2024-01-04 DOI: 10.1108/jabs-03-2022-0080
Alexandra S. Kang, Shivaranjhani Arikrishnan

Purpose

This study aims to espouse the concept of sustainable environment, social and governance (ESG) practices as the proxies of sustainability reporting (SR). In the presence of smart technology adoption (STA), ESG drives total quality management (TQM) of sustainability matters in advanced medical device (AMD) companies post-pandemic.

Design/methodology/approach

This study uses two stages of rigorous data collection. Two focus groups comprising board members, investment advisers and senior managers of AMD were formed to establish the external validity of the constructs proposition. It then used a Web survey to solicit 240 respondents from AMD. Data were analysed using the partial least squares structural equation modelling (PLS-SEM) to provide robustness of predictive power in the model estimation.

Findings

Results show SR has positively impacted TQM. It reveals positive relationships between SR and ESG and ESG and TQM. Findings indicate that STA moderates the relationships between ESG and TQM with large effect sizes.

Research limitations/implications

This study offers direction to expedite strategies and action plans by sustainability practitioners in an asymptotic quest for ESG and TQM best practices. Future research should focus on the protection of sustainable social using qualitative methodology.

Originality/value

Using the lens of corporate sustainability, this study develops a framework that integrates ESG, TQM and STA to examine the synergistic effects post pandemic. It provides evidence that ESG practices and STA adoption drive TQM in transition to attain sustainability among the AMD at the country level.

目的本研究旨在支持可持续环境、社会和治理(ESG)实践作为可持续发展报告(SR)的替代物这一概念。在采用智能技术(STA)的情况下,ESG 推动了先进医疗设备(AMD)公司大流行后可持续发展事务的全面质量管理(TQM)。首先成立了由 AMD 董事会成员、投资顾问和高级经理组成的两个焦点小组,以确定构建命题的外部有效性。然后,通过网络调查从 AMD 征集了 240 名受访者。使用偏最小二乘结构方程模型(PLS-SEM)对数据进行分析,以便在模型估计中提供稳健的预测能力。结果表明,SR 对 TQM 有积极影响,SR 与 ESG、ESG 与 TQM 之间存在正相关关系。结果表明,STA 调节了 ESG 和 TQM 之间的关系,并具有较大的效应大小。研究局限性/启示本研究为可持续发展从业者加快制定战略和行动计划,逐步探索 ESG 和 TQM 最佳实践提供了方向。本研究从企业可持续发展的视角出发,建立了一个整合 ESG、TQM 和 STA 的框架,以研究大流行后的协同效应。研究证明,ESG 实践和 STA 的采用推动了 TQM 的转型,从而在国家层面上实现 AMD 的可持续发展。
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引用次数: 0
Strategic insights for MSMEs: navigating the new normal with big data and business analytics 中小微企业的战略洞察力:利用大数据和商业分析把握新常态
IF 2.9 Q1 Economics, Econometrics and Finance Pub Date : 2023-12-11 DOI: 10.1108/jabs-10-2022-0354
Rezzy Eko Caraka, Robert Kurniawan, Rung Ching Chen, Prana Ugiana Gio, Jamilatuzzahro Jamilatuzzahro, Bahrul Ilmi Nasution, Anjar Dimara Sakti, Muhammad Yunus Hendrawan, Bens Pardamean

Purpose

The purpose of this paper is to manage knowledge pertaining to micro, small and medium enterprise (MSME) actors in the business, agriculture and industry sectors. This study uses text mining techniques, specifically Latent Dirichlet Allocation Mallet, to analyze the data obtained from the in-depth interviews. This analysis helps us identify and understand the issues faced by these actors.

Design/methodology/approach

In this study, the authors use big data and business analytics to recalculate the MSME business vulnerability index in 503 districts and 34 provinces across Indonesia. Subsequently, the authors conduct in-depth interviews with MSME actors in Medan, Central Java, Yogyakarta, Bali and Manokwari, West Papua. Through these interviews, the authors explore their strategies for surviving the COVID-19 pandemic and the extent of their digital literacy, and the application of technology to maximize sales and business outcomes.

Findings

The findings reveal that, for the sustainable growth of MSMEs during and after the pandemic, collaboration across the Penta-Helix framework is essential. This collaboration enables the development of practical solutions for the challenges posed by COVID-19, particularly in the context of the “new normal.” In addition, the authors’ survey of MSMEs involved in agriculture, trade and processing sectors demonstrates that 58.33% experienced a decrease in income during the pandemic and 12.66% reported an increase in revenue. In contrast, 25% experienced no change in income before and during the pandemic.

Originality/value

This research contributes significantly by offering comprehensive insights obtained from in-depth surveys conducted with MSMEs across multiple sectors. The findings underscore the importance of addressing the challenges MSMEs face and highlight the need for collaboration within the Penta-Helix framework to foster their resilience and success amidst the COVID-19 pandemic.

本文旨在管理与商业、农业和工业部门的微型和中小型企业(MSME)行为者有关的知识。本研究使用文本挖掘技术,特别是潜在德里希勒分配模型(Latent Dirichlet Allocation Mallet)来分析从深度访谈中获得的数据。在本研究中,作者利用大数据和商业分析重新计算了印度尼西亚 34 个省 503 个县的中小微企业业务脆弱性指数。随后,作者对中爪哇棉兰、日惹、巴厘岛和西巴布亚马诺夸里的中小微企业参与者进行了深入访谈。通过这些访谈,作者探讨了他们在 COVID-19 大流行中的生存策略、他们的数字扫盲程度,以及如何应用技术最大限度地提高销售额和业务成果。这种合作有助于针对 COVID-19 带来的挑战制定切实可行的解决方案,尤其是在 "新常态 "背景下。此外,作者对从事农业、贸易和加工行业的中小微企业进行的调查显示,58.33% 的企业在大流行期间收入减少,12.66% 的企业报告收入增加。相比之下,25% 的中小微企业在大流行之前和期间的收入没有变化。研究结果强调了应对中小微企业面临的挑战的重要性,并突出了在 Penta-Helix 框架内开展合作的必要性,以促进中小微企业在 COVID-19 大流行中的复原力和成功。
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引用次数: 0
What motivates consumers’ continued usage intentions of food delivery applications in post-COVID-19 outbreak? Comparing Generations X, Y and Z 是什么促使消费者在covid -19爆发后继续使用外卖应用程序?比较X, Y和Z世代
IF 2.9 Q1 Economics, Econometrics and Finance Pub Date : 2023-11-21 DOI: 10.1108/jabs-06-2023-0234
Warinrampai Rungruangjit, Kitti Charoenpornpanichkul

Purpose

Food delivery applications (FDAs) are becoming more and more well-liked across Generations X, Y and Z, with Asia experiencing the biggest growth. These three generations of consumers have distinct views toward using FDAs because they were influenced by various social environments, cultures and experiences. Therefore, marketers ought to present customers with various values. The purpose of this study is to investigate how the theory of consumption values (TCV) affects the intention of various generational cohorts to continued usage intentions.

Design/methodology/approach

Online surveys were distributed to 745 Thai customers who had previously ordered meals from FDAs to collect information. The data were analyzed using partial least squares structural equation modeling and multigroup analysis.

Findings

Results reveal that there are significant differences among Generations X, Y and Z, while emotional value is insignificant. Generation X is concerned about functional and conditional value, whereas Generation Y expresses the highest concern on epistemic and social value. Meanwhile, Generation Z pays attention to epistemic, functional and social value.

Originality/value

The novelty of this study contributes to TCV affecting the different FDAs consumption value among Generations X, Y and Z, while the previous research only focused on gender and age difference, and this study firstly combines FDAs with TCV to predict the consumers’ intention to continuously use FDAs in the post-COVID-19 outbreak.

外卖应用(fda)在X、Y和Z世代中越来越受欢迎,其中亚洲增长最快。这三代消费者由于受到不同的社会环境、文化和经历的影响,对fda的使用有着不同的看法。因此,营销人员应该向顾客呈现各种价值。本研究的目的是探讨消费价值理论(TCV)如何影响不同世代群体的持续使用意愿。设计/方法/方法向745名泰国顾客分发了在线调查问卷,这些顾客以前曾在fda点过餐,以收集信息。采用偏最小二乘结构方程模型和多组分析方法对数据进行分析。结果显示,X、Y、Z三代人的情感价值存在显著差异,而情感价值不显著。X一代关注的是功能价值和条件价值,而Y一代最关注的是认知价值和社会价值。同时,Z世代注重认知、功能和社会价值。独创性/价值本研究的新颖性有助于TCV影响X、Y、Z三代人不同的fda消费价值,而以往的研究只关注性别和年龄差异,本研究首次将fda与TCV结合,预测消费者在疫情后继续使用fda的意愿。
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引用次数: 0
Exploring the influence of government social media on cybersecurity compliance: employee attitudes, motivation and behaviors 探究政府社交媒体对网络安全合规的影响:员工态度、动机和行为
IF 2.9 Q1 Economics, Econometrics and Finance Pub Date : 2023-11-17 DOI: 10.1108/jabs-09-2023-0343
Dien Van Tran, Phuong Van Nguyen, Anh Thi Chau Nguyen, Demetris Vrontis, Phuong Uyen Dinh
Purpose This study aims to investigate the impact of employees’ engagement in government social media (GSM) on their cybersecurity compliance attitude, protection motivation and protective behavior, thereby contributing to effective cybersecurity practices at organizations. Design/methodology/approach A quantitative cross-sectional field survey was conducted to collect primary data in big cities and large provinces in Vietnam. The final data set of 323 responses was analyzed using the partial least squares-structural equation modeling approach to interpret the results and test research hypotheses. Findings Engagement in GSM positively influences employees’ cybersecurity compliance attitude (ATT). Perceived threat vulnerability and response efficacy also contribute to a positive compliance attitude, although self-efficacy has a negative impact. Moreover, the cybersecurity compliance ATT significantly explains the information protection motivation, which in turn influences employee protective behaviors. However, the relationship between compliance attitude and protective behaviors is weak, unlike previous studies that found a strong correlation. Originality/value Although recent studies have explored specific information security practices in corporate and home contexts, the influence of GSM on individuals’ cybersecurity behaviors has received limited attention because of its novelty. This study contributes to the existing body of knowledge by investigating the impact of GSM on cybersecurity behaviors. This study provides significant contributions to understanding social media’s effects of social media on individuals’ cultivation processes, by expanding upon the protective motivation theory and cultivation theory. The results lead to practical suggestions for organizational managers and policymakers so that they can enhance their understanding of the importance of cybersecurity, encourage the implementation of self-defense strategies and highlight the significance of threat and coping evaluations in influencing attitudes and motivations.
目的本研究旨在探讨员工参与政府社交媒体对其网络安全合规态度、保护动机和保护行为的影响,从而为组织有效的网络安全实践做出贡献。设计/方法/方法在越南的大城市和大省进行了定量的横断面实地调查,以收集原始数据。采用偏最小二乘-结构方程建模方法对323份最终数据集进行分析,以解释结果并检验研究假设。研究结果:GSM参与正向影响员工的网络安全合规态度(ATT)。感知威胁脆弱性和反应效能感也有助于积极的依从态度,尽管自我效能感有负向影响。此外,网络安全合规性ATT显著解释了信息保护动机,进而影响员工的保护行为。然而,顺从态度和保护行为之间的关系是微弱的,不像以前的研究发现了很强的相关性。虽然最近的研究已经探索了企业和家庭背景下的具体信息安全实践,但由于其新颖性,GSM对个人网络安全行为的影响受到了有限的关注。本研究通过调查GSM对网络安全行为的影响,为现有的知识体系做出了贡献。本研究对保护动机理论和培养理论进行了拓展,为理解社交媒体对个体培养过程的影响做出了重要贡献。研究结果为组织管理者和决策者提供了切实可行的建议,使他们能够增强对网络安全重要性的理解,鼓励实施自卫策略,并强调威胁和应对评估在影响态度和动机方面的重要性。
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引用次数: 0
Understanding perceived risk factors toward mobile payment usage by employing extended technology continuance theory: a Vietnamese consumers’ perspective 通过采用扩展技术延续理论来理解移动支付使用的感知风险因素:越南消费者的视角
Q1 Economics, Econometrics and Finance Pub Date : 2023-10-06 DOI: 10.1108/jabs-01-2023-0025
Minh Tri Ha, Khoa Tien Tran, Georgia Sakka, Zafar Uddin Ahmed
Purpose This study aims to examine the impact of perceived risk dimensions, confirmation, perceived usefulness and perceived ease of use on user satisfaction and their continuance intention to use mobile payments across Vietnam based on the extended technology continuance theory (TCT). Design/methodology/approach This study used an online questionnaire-based survey design to collect data from 417 respondents using judgmental and snowball sampling techniques. The respondents in this survey are personal users of mobile payments across Vietnam. Data analyses and hypothesis testing were carried out using the partial least squares structural equation modeling. Findings The findings demonstrate that physical risk, time loss risk, opportunity cost risk, confirmation, perceived ease of use and perceived usefulness are important elements influencing consumers’ satisfaction toward continuance intentions to use mobile payment services. Satisfaction is also significantly associated with continuance intentions to use mobile payments across Vietnam. Other relationships, including functional risk, social risk, financial risk and information risk are not significantly related to satisfaction. These results are expected to be useful for mobile payment service providers. Understanding the factors mentioned in this study enables mobile payment service providers to improve their offerings strategically and then motivate their clients to keep using mobile payments. Originality/value The work is among the very few bodies of empirical research to investigate the continuance intention to use mobile payments using the extended TCT by incorporating the various dimensions of perceived risk construct in the fintech sector to develop a research model for this study. Furthermore, combining with perceived risk dimensions, this study expands the TCT model’s mobile app to the fintech sector, and advances the understanding of the use of the extended TCT in the fintech sector and adds to the theory.
本研究旨在探讨感知风险维度、确认度、感知有用性和感知易用性对越南移动支付用户满意度和持续使用意愿的影响,基于扩展技术持续理论(TCT)。设计/方法/方法本研究采用基于在线问卷的调查设计,使用判断和滚雪球抽样技术从417名受访者中收集数据。本次调查的受访者是越南各地移动支付的个人用户。采用偏最小二乘结构方程模型进行数据分析和假设检验。研究结果表明,物理风险、时间损失风险、机会成本风险、确认、感知易用性和感知有用性是影响消费者继续使用移动支付服务意愿满意度的重要因素。满意度也与越南各地使用移动支付的持续意图显著相关。其他关系,包括功能风险、社会风险、财务风险和信息风险,与满意度没有显著相关。这些结果有望对移动支付服务提供商有所帮助。了解本研究中提到的因素可以使移动支付服务提供商从战略上改进他们的产品,然后激励他们的客户继续使用移动支付。独创性/价值本研究是为数不多的实证研究机构之一,通过结合金融科技行业感知风险结构的各个维度,为本研究开发研究模型,调查使用扩展TCT使用移动支付的持续意图。此外,结合感知风险维度,本研究将TCT模型的移动应用扩展到金融科技领域,促进了对扩展后的TCT在金融科技领域使用的理解,并补充了理论。
{"title":"Understanding perceived risk factors toward mobile payment usage by employing extended technology continuance theory: a Vietnamese consumers’ perspective","authors":"Minh Tri Ha, Khoa Tien Tran, Georgia Sakka, Zafar Uddin Ahmed","doi":"10.1108/jabs-01-2023-0025","DOIUrl":"https://doi.org/10.1108/jabs-01-2023-0025","url":null,"abstract":"Purpose This study aims to examine the impact of perceived risk dimensions, confirmation, perceived usefulness and perceived ease of use on user satisfaction and their continuance intention to use mobile payments across Vietnam based on the extended technology continuance theory (TCT). Design/methodology/approach This study used an online questionnaire-based survey design to collect data from 417 respondents using judgmental and snowball sampling techniques. The respondents in this survey are personal users of mobile payments across Vietnam. Data analyses and hypothesis testing were carried out using the partial least squares structural equation modeling. Findings The findings demonstrate that physical risk, time loss risk, opportunity cost risk, confirmation, perceived ease of use and perceived usefulness are important elements influencing consumers’ satisfaction toward continuance intentions to use mobile payment services. Satisfaction is also significantly associated with continuance intentions to use mobile payments across Vietnam. Other relationships, including functional risk, social risk, financial risk and information risk are not significantly related to satisfaction. These results are expected to be useful for mobile payment service providers. Understanding the factors mentioned in this study enables mobile payment service providers to improve their offerings strategically and then motivate their clients to keep using mobile payments. Originality/value The work is among the very few bodies of empirical research to investigate the continuance intention to use mobile payments using the extended TCT by incorporating the various dimensions of perceived risk construct in the fintech sector to develop a research model for this study. Furthermore, combining with perceived risk dimensions, this study expands the TCT model’s mobile app to the fintech sector, and advances the understanding of the use of the extended TCT in the fintech sector and adds to the theory.","PeriodicalId":46138,"journal":{"name":"Journal of Asia Business Studies","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135303104","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}
引用次数: 0
Working for a better future: exploring how network capital fosters Laotian migrant workers in Thai family SMEs 为更美好的未来而努力:探索网络资本如何培养泰国家庭中小企业中的老挝移民工人
Q1 Economics, Econometrics and Finance Pub Date : 2023-09-26 DOI: 10.1108/jabs-09-2022-0306
Hanvedes Daovisan, Sayamol Charoenratana, Motoki Akitsu
Purpose Transnational migration is a key challenge in migrant-sending and host-receiving countries. However, relatively little is known about how migrants use network capital to foster small and medium-sized enterprises (SMEs) in the ASEAN Economic Community (AEC). Therefore, the purpose of this study is to explore how network capital fosters Laotian migrant workers in Thai family SMEs. Design/methodology/approach This research was conducted using qualitative network analysis (QNA). Referral snowball sampling was used to draw 20 participants from December 2021 to March 2022. Data analysis was performed using Gephi, a software package developed for QNA (coding, network features, measure nodes and network metrics). Findings The main findings are the following four emerging themes: chain networks, social networks, human networks and financial networks are associated with network capital for fostering Laotian migrant workers in Thai family SMEs. Originality/value To the best of the authors’ knowledge, this study is the first QNA to explore how Laotian migrant workers use network capital in Thai family SMEs.
跨国移徙是移民输出国和接受国面临的主要挑战。然而,对于移民如何利用网络资本在东盟经济共同体(AEC)中培育中小企业(SMEs),人们所知相对较少。因此,本研究的目的是探讨网络资本如何促进泰国家庭中小企业中的老挝移民工人。本研究采用定性网络分析(QNA)进行。从2021年12月到2022年3月,采用转诊雪球抽样方法抽取了20名参与者。数据分析使用Gephi,这是一个为QNA(编码、网络特征、测量节点和网络指标)开发的软件包。主要发现有以下四个新兴主题:链条网络、社会网络、人际网络和金融网络与泰国家庭中小企业中老挝移民工人培养的网络资本相关。据作者所知,本研究是第一个探讨老挝外来务工人员如何在泰国家庭中小企业中使用网络资本的QNA。
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引用次数: 0
Emotional intelligence and psychological capital as moderators in the relationship between employee commitment and work engagement: evidence from employees in banking from India 情绪智力和心理资本在员工承诺和工作投入关系中的调节作用:来自印度银行业员工的证据
Q1 Economics, Econometrics and Finance Pub Date : 2023-09-12 DOI: 10.1108/jabs-03-2023-0107
Sangeetha Narayanasami, Michael Sammanasu Joseph, Satyanarayana Parayitam
Purpose This study aims to empirically examine the effect of employee commitment (EC) (affective, normative and continuance) and emotional intelligence (EI) on work engagement (WE) (vigor, dedication and absorption). Furthermore, the moderating effects of psychological capital (PsyCap) and EI on strengthening WE are investigated. Design/methodology/approach A carefully crafted survey instrument was developed, and data were collected from 511 employees working in the banking sector in southern India. First, the psychometric properties of the measures were checked. Second, the results were analyzed using Hayes’ PROCESS macros. Findings The results indicate EC and EI positively predict WE; EI moderates the relationship between EC and WE; and PsyCap (second moderator) moderates the relationship between EI (first moderator) and EC influencing WE. Research limitations/implications This study’s limitations include the common method and social desirability biases inherent in any social science research based on surveys. However, the authors have taken adequate care to minimize these limitations. In addition, this study has several implications for practicing managers interested in enhancing WE. Originality/value The three-way interaction between EC, EI and PsyCap, which is investigated in this study, represents an original and unique contribution to this study. To the best of the authors’ knowledge, previous researchers have not done the moderated-moderation, especially in the context of a developing country such as India. This research advances the growing literature on EC and WE. Implications for theory and practice are discussed.
本研究旨在实证检验员工承诺(EC)(情感性、规范性和延续性)和情绪智力(EI)对工作投入(WE)(活力、奉献和吸收)的影响。此外,本文还探讨了心理资本(PsyCap)和EI对自我认知增强的调节作用。设计/方法/方法精心设计了一种调查工具,并从印度南部银行部门的511名员工中收集了数据。首先,对量表的心理测量特性进行了检验。其次,使用Hayes ' s PROCESS宏对结果进行分析。结果EC、EI与WE呈正相关;EI调节了EC与WE之间的关系;心理cap(第二调节因子)调节了EI(第一调节因子)和EC对WE的影响。本研究的局限性包括基于调查的社会科学研究中固有的通用方法和社会可取性偏见。然而,作者已经采取了足够的措施来尽量减少这些限制。此外,本研究对有意提升自我价值管理的在职经理人也有一些启示。原创性/价值本研究调查的EC、EI和PsyCap之间的三方互动,代表了本研究的原创性和独特贡献。据这组作者所知,以前的研究人员并没有做到适度节制,尤其是在印度这样的发展中国家。本研究促进了越来越多的关于EC和WE的文献。讨论了理论和实践意义。
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引用次数: 0
Dynamic capabilities and SMEs competitiveness: the moderating effect of market turbulence 动态能力与中小企业竞争力:市场动荡的调节作用
IF 2.9 Q1 Economics, Econometrics and Finance Pub Date : 2023-08-31 DOI: 10.1108/jabs-03-2023-0106
Mariam Al Dhaheri, S. Ahmad, Abdul Rahim Abu Bakar, Avraam Papastathopoulos
PurposeThis study aims to examine the effectiveness of individual dynamic capabilities (DC) constructs and whether they had comparable effects on a company’s competitiveness in market turbulence (MT). This study used quantitative methods to determine how the DC elements, sensing, learning, integrating and coordinating, influenced competitiveness, with the moderating role of MT during a real-time crisis.Design/methodology/approachSurvey data was gathered from 426 tourism small and medium-sized enterprises (TSMEs) in the United Arab Emirates and analyzed quantitatively.FindingsThe study found that not all DC constructs were equally important in promoting competitiveness. TSMEs’ survival depended more on sensing and integrating capabilities than learning and coordinating capabilities, and on how these capabilities were used by managers or owners of TSMEs. The study found no moderation effect of MT.Research limitations/implicationsThe generalizability of the results was hindered by the study’s focus on TSMEs in a single geographic location. The reasons for lack of proper mobilization of DCs constructs were not explored, but the data on the relative efficacy of DC constructs during a crisis significantly contributed to the literature.Originality/valueThis study emphasized ways that companies could improve firm competitiveness during a crisis by deploying DCs to optimize operations. The implications for research, practical aspects and limitations are presented and discussed.
目的本研究旨在检验个体动态能力建构的有效性,以及它们是否对公司在市场动荡中的竞争力有可比性的影响。本研究采用定量的方法来确定感知、学习、整合和协调这四个DC要素如何影响竞争力,以及MT在实时危机中的调节作用。设计/方法/方法从阿联酋的426家旅游中小企业(TSMEs)中收集调查数据并进行定量分析。研究发现,并不是所有的DC结构在提升竞争力方面都同样重要。中小企业的生存更多地取决于感知和整合能力,而不是学习和协调能力,以及中小企业管理者或所有者如何使用这些能力。研究的局限性/意义研究的重点是单一地理位置的中小企业,阻碍了研究结果的普遍性。缺乏适当动员DC构念的原因没有被探讨,但关于危机期间DC构念的相对功效的数据对文献有重要贡献。独创性/价值本研究强调了公司在危机期间通过部署数据中心来优化运营来提高公司竞争力的方法。提出并讨论了研究的意义、实践方面和局限性。
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引用次数: 0
International price earnings and country risk model in an Asian context 亚洲背景下的国际价格收益与国家风险模型
IF 2.9 Q1 Economics, Econometrics and Finance Pub Date : 2023-08-18 DOI: 10.1108/jabs-04-2023-0133
Mahmoud Arayssi, Noura Yassine
PurposeThis paper aims to estimate a statistical model of the country risk determination as represented by the country price earnings ratio (PE) to identify potentially mispriced countries. It uses the gross domestic product (GDP) growth rate and a dummy indicator for market-related events (i.e. financial crises), both approximating the business cycle. The model is used to compare a major Asian country’s (i.e. Japan) risk with Western countries’ risk.Design/methodology/approachThe model used finance variables such as the systemic, non-diversifiable, risk and foreign direct investments to characterize any country risk. A random effects model with panel data estimated the effects of macroeconomic and financial variables on PE. The simultaneity problem was checked using two stage least squares and some lagged independent variables.FindingsThe results explained to investors the country risk contributing factors: PE was positively correlated with variables that may increase dividends and market risk premia similar to GDP growth rates and total risk and negatively correlated with variables that increase market risk, namely, nominal risk-free interest rates and financial crises. Japan’s PE seemed to exceed most of the Western countries considered here, implying lower risks, lower interest rates and higher growth in the major Asian country Japan.Originality/valueThis paper focuses on the effectiveness of country risk measures in predicting periods of intense instability, similar to financial crises. This study contributes a model to measure market risk premium, using PE (or inversely, the earnings yield) as a proxy variable. Investors can use this risk measure in picking less risky stocks to include in their portfolio, calling for liberalizing Asian countries’ financial markets to improve their stock market capitalization.
本文旨在估计以国家市盈率(PE)为代表的国家风险确定的统计模型,以识别潜在的定价错误的国家。它使用国内生产总值(GDP)增长率和市场相关事件(即金融危机)的虚拟指标,两者都接近商业周期。该模型用于比较亚洲主要国家(如日本)与西方国家的风险。该模型使用金融变量,如系统性、不可多样化、风险和外国直接投资来描述任何国家的风险。随机效应模型与面板数据估计宏观经济和金融变量对PE的影响。利用两阶段最小二乘法和一些滞后自变量对同时性问题进行了检验。结果向投资者解释了国家风险的贡献因素:PE与可能增加股息和市场风险溢价的变量(类似于GDP增长率和总风险)呈正相关,与增加市场风险的变量(即名义无风险利率和金融危机)负相关。日本的PE似乎超过了这里考虑的大多数西方国家,这意味着亚洲主要国家日本的风险更低,利率更低,增长更快。原创性/价值本文关注的是国家风险措施在预测严重不稳定时期(类似于金融危机)方面的有效性。本研究提供了一个模型来衡量市场风险溢价,使用PE(或相反,收益收益率)作为代理变量。投资者可以利用这一风险指标来选择风险较低的股票纳入其投资组合,呼吁亚洲国家金融市场自由化,以提高其股票市值。
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引用次数: 0
Leadership perspectives on resilience capabilities for navigating disruption 从领导力角度看应对混乱的弹性能力
IF 2.9 Q1 Economics, Econometrics and Finance Pub Date : 2023-08-14 DOI: 10.1108/jabs-03-2023-0081
Asha Albuquerque Pai, A. Anand, Nikhil Pazhoothundathil, L. Ashok
PurposeThe COVID-19 pandemic disrupted organizations, bringing in unforeseen situations and highlighting the need for organizational leaders to develop a capacity for resilience, i.e. the ability to recuperate, exhibit agility and rebound. Hence, this paper aims to explore leaders’ views on what resilience capabilities are needed to manage themselves, the team and the organization.Design/methodology/approachThis qualitative research study uses an in-depth interview tool and adopts a reflexive thematic analysis. The capabilities approach and resilience theory framework were applied to view resilience capabilities. The sample comprises 19 middle and senior leaders, both men and women, from the information technology Industry in India.FindingsThis study unravelled different capabilities to manage individuals, teams and organizations. The three key themes of resilience capabilities observed were as follows: self-leadership capabilities – where leaders focussed on capabilities that developed themselves; people leadership capabilities – which focussed on leading people and the team; and organisation-focussed leadership capabilities – which focussed on the macro level.Originality/valueThe findings of the study benefit organizations, leaders, human resource professionals, talent management strategists and academic leadership scholars to identify, train, conceive and deliver resilience capabilities.
2019冠状病毒病(COVID-19)大流行扰乱了组织,带来了不可预见的情况,并突出了组织领导者培养复原能力的必要性,即恢复、表现出敏捷性和反弹的能力。因此,本文旨在探讨领导者对管理自己、团队和组织需要什么样的弹性能力的看法。设计/方法/方法本定性研究采用深度访谈工具,并采用反身性主题分析。运用能力方法和弹性理论框架来考察弹性能力。样本包括19名来自印度信息技术行业的中高层领导,男女都有。这项研究揭示了管理个人、团队和组织的不同能力。观察到的弹性能力的三个关键主题如下:自我领导能力——领导者专注于自我发展的能力;人员领导能力——侧重于领导人员和团队;以组织为中心的领导能力,侧重于宏观层面。独创性/价值研究结果有利于组织、领导者、人力资源专业人士、人才管理战略家和学术领导力学者识别、培训、构思和交付弹性能力。
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Journal of Asia Business Studies
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