Pub Date : 2024-09-17DOI: 10.1177/03063070241284895
Sarmad Ali, Adalberto Rangone, Hussain Muhammad
This paper explores how the size of a firm influences the relationship between capital structure choices and research and development (R&D) investment. By analyzing data from publicly listed U.S. pharmaceutical firms between 2011 and 2020 and using an instrumental variables regression, we present evidence that the impact of capital structure on R&D investment varies depending on firm size. Our findings show that firm size plays a critical role in shaping financing decisions to support R&D. Specifically, large and small firms employ different strategies for developing and implementing R&D projects. Our results reveal that R&D investment is negatively (positively) and significantly associated with debt financing (equity financing). Moreover, we show that firm size attenuates the adverse effect of debt financing on R&D investment and accentuates the positive effect of equity financing. Our study provides a refined distinction between debt and equity financing and clarifies the importance of structural characteristics in explaining a firm’s R&D investment decisions. Our study assists policymakers and practitioners in designing effective policies to enhance the understanding of the complex relationship between capital structure decisions and R&D investment.
{"title":"Capital structure decisions and R&D investment: The contingency role of firm size","authors":"Sarmad Ali, Adalberto Rangone, Hussain Muhammad","doi":"10.1177/03063070241284895","DOIUrl":"https://doi.org/10.1177/03063070241284895","url":null,"abstract":"This paper explores how the size of a firm influences the relationship between capital structure choices and research and development (R&D) investment. By analyzing data from publicly listed U.S. pharmaceutical firms between 2011 and 2020 and using an instrumental variables regression, we present evidence that the impact of capital structure on R&D investment varies depending on firm size. Our findings show that firm size plays a critical role in shaping financing decisions to support R&D. Specifically, large and small firms employ different strategies for developing and implementing R&D projects. Our results reveal that R&D investment is negatively (positively) and significantly associated with debt financing (equity financing). Moreover, we show that firm size attenuates the adverse effect of debt financing on R&D investment and accentuates the positive effect of equity financing. Our study provides a refined distinction between debt and equity financing and clarifies the importance of structural characteristics in explaining a firm’s R&D investment decisions. Our study assists policymakers and practitioners in designing effective policies to enhance the understanding of the complex relationship between capital structure decisions and R&D investment.","PeriodicalId":46142,"journal":{"name":"JOURNAL OF GENERAL MANAGEMENT","volume":"95 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2024-09-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142247347","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 : 2024-09-10DOI: 10.1177/03063070241280432
Vu H Dang, Long T Nguyen, Huong T Pham
This study investigated the relationship between school climate, stress, teacher self-efficacy, and their effects on teachers’ job satisfaction. Data were collected from 403 teachers in seven high schools in Ho Chi Minh City, Vietnam. Results show that the linkage between school climate and teachers’ job satisfaction was mediated by self-efficacy and stress. Teacher satisfaction was affected by pay, three school climate factors, and teachers’ self-efficacy. Teacher stress, affiliation, and innovation affected their self-efficacy. Work pressure causes teacher stress, while positive affiliation could mitigate teacher stress. Implications were grasped for improving teachers’ income, self-efficacy, and the Vietnamese school climate.
{"title":"The mediating role of self-efficacy and stress on school climate and teachers’ job satisfaction linkages","authors":"Vu H Dang, Long T Nguyen, Huong T Pham","doi":"10.1177/03063070241280432","DOIUrl":"https://doi.org/10.1177/03063070241280432","url":null,"abstract":"This study investigated the relationship between school climate, stress, teacher self-efficacy, and their effects on teachers’ job satisfaction. Data were collected from 403 teachers in seven high schools in Ho Chi Minh City, Vietnam. Results show that the linkage between school climate and teachers’ job satisfaction was mediated by self-efficacy and stress. Teacher satisfaction was affected by pay, three school climate factors, and teachers’ self-efficacy. Teacher stress, affiliation, and innovation affected their self-efficacy. Work pressure causes teacher stress, while positive affiliation could mitigate teacher stress. Implications were grasped for improving teachers’ income, self-efficacy, and the Vietnamese school climate.","PeriodicalId":46142,"journal":{"name":"JOURNAL OF GENERAL MANAGEMENT","volume":"12 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2024-09-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142208560","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 : 2024-08-17DOI: 10.1177/03063070241272372
Michelle D Steward, Holly H Brower, Peter Rea
Activating employee engagement continues to be a challenge for organizations despite interest by many, if not most, organizations. Recent research suggests that the expression of virtue could be a key to addressing this challenge. The authors examine how employees’ perceptions of virtuous leadership behaviors shape employee engagement. Specifically, this research bridges virtuous leadership theory with employee engagement theory, explicitly focusing on the attitudinal change in employees as they witness leaders intentionally incorporating the classic virtues in workplace interactions. The authors explore through a mixed-method field study with two facilities of a multinational company how virtuous leadership behaviors can shift employee engagement over a 3-year period. Results indicate that after leaders completed a training program on how to enact virtuous leadership behaviors that employee engagement dipped, initially. The reduction in employee engagement was temporary while employees assessed the longevity of the initiative. As leaders continued to practice virtuous leadership behaviors, employee engagement increased significantly beyond the levels before the dip. The findings suggest that engagement may not initially improve while employees are assessing whether leaders will remain committed to virtuous leadership behaviors. However, the findings indicate that the commitment to ongoing practice of virtuous leadership behaviors can create meaningful change in employee engagement.
{"title":"Patiently winning through virtuous leadership: The impact of virtuous leadership behavior on employee engagement across time","authors":"Michelle D Steward, Holly H Brower, Peter Rea","doi":"10.1177/03063070241272372","DOIUrl":"https://doi.org/10.1177/03063070241272372","url":null,"abstract":"Activating employee engagement continues to be a challenge for organizations despite interest by many, if not most, organizations. Recent research suggests that the expression of virtue could be a key to addressing this challenge. The authors examine how employees’ perceptions of virtuous leadership behaviors shape employee engagement. Specifically, this research bridges virtuous leadership theory with employee engagement theory, explicitly focusing on the attitudinal change in employees as they witness leaders intentionally incorporating the classic virtues in workplace interactions. The authors explore through a mixed-method field study with two facilities of a multinational company how virtuous leadership behaviors can shift employee engagement over a 3-year period. Results indicate that after leaders completed a training program on how to enact virtuous leadership behaviors that employee engagement dipped, initially. The reduction in employee engagement was temporary while employees assessed the longevity of the initiative. As leaders continued to practice virtuous leadership behaviors, employee engagement increased significantly beyond the levels before the dip. The findings suggest that engagement may not initially improve while employees are assessing whether leaders will remain committed to virtuous leadership behaviors. However, the findings indicate that the commitment to ongoing practice of virtuous leadership behaviors can create meaningful change in employee engagement.","PeriodicalId":46142,"journal":{"name":"JOURNAL OF GENERAL MANAGEMENT","volume":"71 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2024-08-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142208533","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 : 2024-08-14DOI: 10.1177/03063070241272364
Steeve Massicotte, Jean-François Henri
An important stream of research has suggested that there is a significant relationship between the board of directors, through its strategic role, and organizational performance. However, this presumed relationship appears to be more complex, given the conceptual distance between the cause and the effect. This distance is discernible in the omission of intermediate variables explaining the operation of this relationship, that is, (i) a variable reflecting an intermediate-level output, here board effectiveness and (ii) a variable reflecting the mechanisms that enable production of the output, particularly the board’s strategic use of management accounting information (MAI) deriving from the budget or financial and non-financial performance indicators. This study aims to revisit the link conceptually and empirically between strategic board involvement and organizational performance by simultaneously integrating strategic use of MAI and board effectiveness in an integrative model. Using survey data taken from a sample of 185 board of directors, the results suggest that the strategic use of MAI plays a crucial role, particularly in terms of performance indicators, to cement strategic board involvement and improve board effectiveness and organizational performance.
一项重要的研究表明，董事会通过其战略作用与组织绩效之间存在着重要关系。然而，由于因果之间存在概念上的距离，这种假定的关系似乎更为复杂。这种距离体现在忽略了解释这种关系运作的中间变量，即：(i) 一个反映中间层次产出的变量，这里指的是董事会有效性；(ii) 一个反映促成产出的机制的变量，特别是董事会对源自预算或财务和非财务绩效指标的管理会计信息（MAI）的战略性使用。本研究旨在从概念和实证角度重新审视董事会战略参与与组织绩效之间的联系，将管理会计信息的战略使用和董事会的有效性同时整合到一个综合模型中。通过对 185 个董事会样本的调查数据，研究结果表明 MAI 的战略应用在巩固董事会战略参与、提高董事会有效性和组织绩效方面发挥着至关重要的作用，尤其是在绩效指标方面。
{"title":"Revisiting the impact of strategic board involvement on organizational performance","authors":"Steeve Massicotte, Jean-François Henri","doi":"10.1177/03063070241272364","DOIUrl":"https://doi.org/10.1177/03063070241272364","url":null,"abstract":"An important stream of research has suggested that there is a significant relationship between the board of directors, through its strategic role, and organizational performance. However, this presumed relationship appears to be more complex, given the conceptual distance between the cause and the effect. This distance is discernible in the omission of intermediate variables explaining the operation of this relationship, that is, (i) a variable reflecting an intermediate-level output, here board effectiveness and (ii) a variable reflecting the mechanisms that enable production of the output, particularly the board’s strategic use of management accounting information (MAI) deriving from the budget or financial and non-financial performance indicators. This study aims to revisit the link conceptually and empirically between strategic board involvement and organizational performance by simultaneously integrating strategic use of MAI and board effectiveness in an integrative model. Using survey data taken from a sample of 185 board of directors, the results suggest that the strategic use of MAI plays a crucial role, particularly in terms of performance indicators, to cement strategic board involvement and improve board effectiveness and organizational performance.","PeriodicalId":46142,"journal":{"name":"JOURNAL OF GENERAL MANAGEMENT","volume":"58 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2024-08-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142208556","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 : 2024-08-14DOI: 10.1177/03063070241272383
Michael Wang, Bill Wang, Nam Woon Kim, Ricky Chan, Mengmeng Wang, Yangyan Shi
This paper presents supply chain capabilities in a three-stage circular model. Different from most studies exploring supply chain integration (SCI) from the perspective of processes, this paper studies SCI from a holistic approach. By applying dynamic capability view (DCV), this study develops a measurement of SCI capability based on the three-stage circular model. The scale items were drawn from existing literature. A survey study gathered 187 responses from firms in New Zealand. Factor analysis was conducted to validate the measurement of supply chain integration in the New Zealand businesses. The paper defines the SCI capability as a second-order construct including several well-studied dynamic capabilities such as visibility, agility, and flexibility. The three-stage circular model enables firms to learn, response, and reconfigure to achieve rapid continuous improvement in supply chains. This paper provides new insights and practical implications in SCI and supply chain capability studies and practices in the Industry 4.0 era.
{"title":"Supply chain integration capability: A three-stage circular model of visibility, agility, and flexibility","authors":"Michael Wang, Bill Wang, Nam Woon Kim, Ricky Chan, Mengmeng Wang, Yangyan Shi","doi":"10.1177/03063070241272383","DOIUrl":"https://doi.org/10.1177/03063070241272383","url":null,"abstract":"This paper presents supply chain capabilities in a three-stage circular model. Different from most studies exploring supply chain integration (SCI) from the perspective of processes, this paper studies SCI from a holistic approach. By applying dynamic capability view (DCV), this study develops a measurement of SCI capability based on the three-stage circular model. The scale items were drawn from existing literature. A survey study gathered 187 responses from firms in New Zealand. Factor analysis was conducted to validate the measurement of supply chain integration in the New Zealand businesses. The paper defines the SCI capability as a second-order construct including several well-studied dynamic capabilities such as visibility, agility, and flexibility. The three-stage circular model enables firms to learn, response, and reconfigure to achieve rapid continuous improvement in supply chains. This paper provides new insights and practical implications in SCI and supply chain capability studies and practices in the Industry 4.0 era.","PeriodicalId":46142,"journal":{"name":"JOURNAL OF GENERAL MANAGEMENT","volume":"32 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2024-08-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142208558","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 : 2024-08-07DOI: 10.1177/03063070241269379
Woohyoung Kim, Yu Liu, Miao Su, Feng Liu, Mingjie Fang
Despite the great potential that drone technology can bring to last-mile logistics, consumers’ intent to use it appears to be lower than expected. Therefore, this study investigated the factors influencing consumers’ intentions to use drone delivery. A theoretical model based on value–belief–norm theory was developed and tested with structural equation modeling based on data collected from 458 Korean consumers. The results suggest that the environmental protection, economic, and altruistic values of drone delivery positively impact consumers’ perceptions of responsibility. In addition, the ascription of responsibility positively influences consumers’ personal norms. Finally, personal norms are found to increase consumers’ intentions to use drone delivery, and the impact is positively moderated by moral obligation. This study employs the extended value–belief–norm (VBN) framework and makes a valuable contribution to the existing body of literature. Furthermore, this study employs the VBN model to ascertain the ecological advantages associated with environmentally sustainable unmanned aerial vehicles (UAVs). Additionally, it provides valuable practical implications for professionals and policymakers in the field.
{"title":"Drone delivery and consumer behavior in last mile logistics: an empirical study in South Korea","authors":"Woohyoung Kim, Yu Liu, Miao Su, Feng Liu, Mingjie Fang","doi":"10.1177/03063070241269379","DOIUrl":"https://doi.org/10.1177/03063070241269379","url":null,"abstract":"Despite the great potential that drone technology can bring to last-mile logistics, consumers’ intent to use it appears to be lower than expected. Therefore, this study investigated the factors influencing consumers’ intentions to use drone delivery. A theoretical model based on value–belief–norm theory was developed and tested with structural equation modeling based on data collected from 458 Korean consumers. The results suggest that the environmental protection, economic, and altruistic values of drone delivery positively impact consumers’ perceptions of responsibility. In addition, the ascription of responsibility positively influences consumers’ personal norms. Finally, personal norms are found to increase consumers’ intentions to use drone delivery, and the impact is positively moderated by moral obligation. This study employs the extended value–belief–norm (VBN) framework and makes a valuable contribution to the existing body of literature. Furthermore, this study employs the VBN model to ascertain the ecological advantages associated with environmentally sustainable unmanned aerial vehicles (UAVs). Additionally, it provides valuable practical implications for professionals and policymakers in the field.","PeriodicalId":46142,"journal":{"name":"JOURNAL OF GENERAL MANAGEMENT","volume":"25 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2024-08-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141945088","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 : 2024-08-06DOI: 10.1177/03063070241272373
Taewoo Roh, Shufeng Xiao
Fueled by disruptive occurrences and innovative technologies, the world’s increasing complexity and uncertainty have presented challenges to supply chain management (SCM). To remain competitive and resilient, firms must adopt dynamic capabilities (DCs) that enable quick responses to environmental changes. By reviewing existing research on SCM and DCs, this study aims to explore the relationship between DCs and SCM in the age of disruption from multiple aspects and examine both the moderating and mediating roles of DCs on firm performance. Moreover, we explore the interplay between dynamic and digital capabilities (i.e., disruptions and innovative technologies), including blockchain, artificial intelligence (AI), and the Internet of Things (IoT), and how they can interactively address SCM challenges. Our findings will not only provide opportunities for further research into the intersection between DCs and the SCM field but also offer practical insights for firms navigating the unpredictable landscape of contemporary business environments.
{"title":"Extending the research agenda for supply chain management in the age of disruption: The multifaceted role and implications of dynamic capabilities","authors":"Taewoo Roh, Shufeng Xiao","doi":"10.1177/03063070241272373","DOIUrl":"https://doi.org/10.1177/03063070241272373","url":null,"abstract":"Fueled by disruptive occurrences and innovative technologies, the world’s increasing complexity and uncertainty have presented challenges to supply chain management (SCM). To remain competitive and resilient, firms must adopt dynamic capabilities (DCs) that enable quick responses to environmental changes. By reviewing existing research on SCM and DCs, this study aims to explore the relationship between DCs and SCM in the age of disruption from multiple aspects and examine both the moderating and mediating roles of DCs on firm performance. Moreover, we explore the interplay between dynamic and digital capabilities (i.e., disruptions and innovative technologies), including blockchain, artificial intelligence (AI), and the Internet of Things (IoT), and how they can interactively address SCM challenges. Our findings will not only provide opportunities for further research into the intersection between DCs and the SCM field but also offer practical insights for firms navigating the unpredictable landscape of contemporary business environments.","PeriodicalId":46142,"journal":{"name":"JOURNAL OF GENERAL MANAGEMENT","volume":"83 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2024-08-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141945292","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 : 2024-08-06DOI: 10.1177/03063070241272363
Soo Jung Oh, Byung Il Park
Industry 4.0 is revolutionizing supply chain management, prompting a significant shift toward Supply Chain Management 4.0 (SCM 4.0). This transformation facilitates traditional supply chains evolving into platform-based ecosystems, thereby fundamentally redefining the processes of value creation, delivery, and capture. This study recognizes the divergence in empirical research between supply chains and ecosystems and aims to integrate these research streams by focusing on technological platforms. The study offers a comprehensive theoretical framework designed to dissect the evolutionary trajectories of supply chains into ecosystems in the SCM 4.0 context. By doing so, this research unveils the profound strategic implications of digital transformation, paving the way for groundbreaking research in SCM 4.0.
{"title":"Linking supply chains to ecosystems in the era of supply chain management 4.0","authors":"Soo Jung Oh, Byung Il Park","doi":"10.1177/03063070241272363","DOIUrl":"https://doi.org/10.1177/03063070241272363","url":null,"abstract":"Industry 4.0 is revolutionizing supply chain management, prompting a significant shift toward Supply Chain Management 4.0 (SCM 4.0). This transformation facilitates traditional supply chains evolving into platform-based ecosystems, thereby fundamentally redefining the processes of value creation, delivery, and capture. This study recognizes the divergence in empirical research between supply chains and ecosystems and aims to integrate these research streams by focusing on technological platforms. The study offers a comprehensive theoretical framework designed to dissect the evolutionary trajectories of supply chains into ecosystems in the SCM 4.0 context. By doing so, this research unveils the profound strategic implications of digital transformation, paving the way for groundbreaking research in SCM 4.0.","PeriodicalId":46142,"journal":{"name":"JOURNAL OF GENERAL MANAGEMENT","volume":"25 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2024-08-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141945290","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 : 2024-07-30DOI: 10.1177/03063070241269382
Filiz Tabak, Shanshan Qian, David Brannon
Although there has been a long history of research linking personality traits and entrepreneurship, this interchange has provided inconsistent results without a definitive entrepreneurial trait profile. In this research, the relationship between entrepreneurial passion (EP) for inventing and entrepreneurial behavior was investigated by exploring the moderating effects of personality as conceptualized by the Big Five Personality Traits. Results provided evidence that the personality traits of conscientiousness, agreeableness, and extraversion moderated the relationship between EP and entrepreneurial behavior. Individuals with a high level of conscientiousness, agreeableness, or extraversion exhibited a higher likelihood of entrepreneurial behaviors. The moderation effect of agreeableness was most pronounced at low levels of EP with this effect dissipating as the level of passion rises to a high level. A significant contribution of this research is a greater understanding as to what characteristics and processes increase the likelihood of a person to undertake entrepreneurial behaviors. Theoretical and practical implications of study findings as well as limitations and future research directions were discussed.
{"title":"Entrepreneurial passion and the big five: Impact on entrepreneurial behavior","authors":"Filiz Tabak, Shanshan Qian, David Brannon","doi":"10.1177/03063070241269382","DOIUrl":"https://doi.org/10.1177/03063070241269382","url":null,"abstract":"Although there has been a long history of research linking personality traits and entrepreneurship, this interchange has provided inconsistent results without a definitive entrepreneurial trait profile. In this research, the relationship between entrepreneurial passion (EP) for inventing and entrepreneurial behavior was investigated by exploring the moderating effects of personality as conceptualized by the Big Five Personality Traits. Results provided evidence that the personality traits of conscientiousness, agreeableness, and extraversion moderated the relationship between EP and entrepreneurial behavior. Individuals with a high level of conscientiousness, agreeableness, or extraversion exhibited a higher likelihood of entrepreneurial behaviors. The moderation effect of agreeableness was most pronounced at low levels of EP with this effect dissipating as the level of passion rises to a high level. A significant contribution of this research is a greater understanding as to what characteristics and processes increase the likelihood of a person to undertake entrepreneurial behaviors. Theoretical and practical implications of study findings as well as limitations and future research directions were discussed.","PeriodicalId":46142,"journal":{"name":"JOURNAL OF GENERAL MANAGEMENT","volume":"43 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2024-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141865601","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 : 2024-07-23DOI: 10.1177/03063070241264610
Lin-Chih Wu, Teck-Yong Eng, Chou-Wen Wang
Supply chain finance (SCF) stems from supply chain management (SCM), where firms deploy various approaches (e.g., inventory management and working capital management) to maximize firm performance. Firms utilize working capital management (WCM) to optimize their operating cash to create firm value. This study focuses on how firms could deploy the WCM approach through receivables, inventories, and payables to maximize long-term and short-term firm performance. It is worth noting that the components in WCM serve different roles in firm performance where shareholders value shorter receivable periods to avoid customer default risk, but firms could benefit from long receivable periods for short-term operation performance. In addition, governments from various countries implemented different policies to reduce adverse economic impacts of the pandemic. The sample includes publicly listed manufacturing companies in the United States, the United Kingdom, Singapore, and Australia where different levels of government response have been observed. By using Ordinal Least Squares (OLS) regression analysis and adopting government policy as moderator, the results show that the government actions during the pandemic serve as the mitigating effect in the manufacturing supply chain. The analyses also show that the government policies implemented have successfully supported supply chain resilience during pandemic, especially to loss-making firms from decreased firm value.
{"title":"Working capital management under supply chain disruption: The role of government response during economic uncertainty","authors":"Lin-Chih Wu, Teck-Yong Eng, Chou-Wen Wang","doi":"10.1177/03063070241264610","DOIUrl":"https://doi.org/10.1177/03063070241264610","url":null,"abstract":"Supply chain finance (SCF) stems from supply chain management (SCM), where firms deploy various approaches (e.g., inventory management and working capital management) to maximize firm performance. Firms utilize working capital management (WCM) to optimize their operating cash to create firm value. This study focuses on how firms could deploy the WCM approach through receivables, inventories, and payables to maximize long-term and short-term firm performance. It is worth noting that the components in WCM serve different roles in firm performance where shareholders value shorter receivable periods to avoid customer default risk, but firms could benefit from long receivable periods for short-term operation performance. In addition, governments from various countries implemented different policies to reduce adverse economic impacts of the pandemic. The sample includes publicly listed manufacturing companies in the United States, the United Kingdom, Singapore, and Australia where different levels of government response have been observed. By using Ordinal Least Squares (OLS) regression analysis and adopting government policy as moderator, the results show that the government actions during the pandemic serve as the mitigating effect in the manufacturing supply chain. The analyses also show that the government policies implemented have successfully supported supply chain resilience during pandemic, especially to loss-making firms from decreased firm value.","PeriodicalId":46142,"journal":{"name":"JOURNAL OF GENERAL MANAGEMENT","volume":"29 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2024-07-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141777269","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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