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Employee treatment and stock price crash risk: evidence from China 员工待遇与股价暴跌风险:来自中国的证据
IF 2.7 4区 管理学 Q2 BUSINESS Pub Date : 2023-12-19 DOI: 10.1108/ijoem-02-2023-0237
Maochuan Wang, Xixiong Xu, Siqi Wang
PurposeThis study aims to examine the impact of employee treatment on stock price crash risk in emerging markets. The study further sheds light on the economic channels and boundary conditions between employee treatment and crash risk.Design/methodology/approachThis study employs a large-scale archival dataset of Chinese A-share listed firms covering 2010 to 2021. To establish causality, the study leverages multi-way fixed effects, Oster’s test, change regression and instrumental variable methods to alleviate endogeneity concerns.FindingsThe results reveal that employee-friendly treatment leads to a lower crash risk. Moreover, improving internal control quality and enhancing firm reputation appear to be the two plausible economic channels through which employee treatment mitigates crash risk. Cross-sectionally, the documented impact is more evident for human-capital-intensive firms, firms with weaker external monitoring and those operating in fiercely competitive industries.Originality/valueThis study is among the first to show that employee treatment has a favorable consequence for shareholder benefit through reducing crash risk. The study thus adds to the ongoing debate regarding the relationship between employee treatment and shareholder wealth. The study also extends the nascent literature on the role of rank-and-file employees in shaping corporate information landscapes.
目的本研究旨在探讨新兴市场中员工待遇对股价崩盘风险的影响。本研究采用 2010 年至 2021 年中国 A 股上市公司的大规模档案数据集。为了确定因果关系,本研究采用了多向固定效应、奥斯特检验、变化回归和工具变量等方法来缓解内生性问题。此外,改善内部控制质量和提高公司声誉似乎是员工待遇降低撞车风险的两个可信的经济渠道。从横截面来看,所记录的影响对于人力资本密集型企业、外部监控较弱的企业以及在竞争激烈的行业中运营的企业更为明显。 原创性/价值 本研究首次表明,员工待遇通过降低碰撞风险对股东利益产生有利影响。因此,本研究为目前有关员工待遇与股东财富之间关系的讨论增添了新的内容。这项研究还扩展了有关普通员工在塑造企业信息景观方面所起作用的新兴文献。
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引用次数: 0
Do green bonds reduce CO2 emissions? Evidence from developed and developing nations 绿色债券能减少二氧化碳排放吗?发达国家和发展中国家的证据
IF 2.7 4区 管理学 Q2 BUSINESS Pub Date : 2023-12-12 DOI: 10.1108/ijoem-05-2023-0765
Rupjyoti Saha, S. G. Maji
PurposeThe rapid global economic development in the last century, led by industrialization, brings environmental issues to the forefront as a serious concern. While some country-specific studies are undertaken to find the effectiveness of different mechanisms for funding environment-friendly projects, to the authors' knowledge, no study has been conducted to examine the impact of green bonds (GBs) on CO2 emissions for a global sample. Against this backdrop, this study examines the general impact of GBs on CO2 emissions and its differential impact for developed and developing countries and country categorizations based on sustainable development.Design/methodology/approachThe study selects a sample of 44 countries from 2016–2020. The authors use trend analysis and box plots to analyze the present GBs and CO2 emissions scenarios. Further, the panel data regression model is used to examine the overall impact of GBs on CO2 emissions and uncover the variation in such relationships regarding country-level economic and sustainable development. Generalized methods of moments (GMM) and instrumental variables (IV) models are used for robustness.FindingsThe yearly trend of GBs is upward at the global level, while CO2 emissions exhibit a marginal decline during the study period. However, significant variations are observed in such trends between developed and developing countries and country-level sustainable development. The authors' regression results show that GBs significantly negatively impact CO2 emissions globally. In addition, the effect of GBs on CO2 emissions is strongly negative for developing countries, while the same influence becomes weak for developed nations. Similar variations exist between countries based on sustainable development.Originality/valueThis is the first study in extant literature to examine such a relationship for a global sample of 44 countries. Further, this study makes a novel contribution by analyzing the variations in the GBs-CO2 emissions nexus for developed and developing countries and country-level sustainable development.
目的上世纪以工业化为主导的全球经济迅速发展,使环境问题成为人们严重关注的焦点。虽然一些针对具体国家的研究发现了不同的环境友好型项目融资机制的有效性,但就作者所知,还没有研究以全球样本为对象来考察绿色债券(GBs)对二氧化碳排放的影响。在此背景下,本研究考察了绿色债券对二氧化碳排放的总体影响,以及对发达国家、发展中国家和基于可持续发展的国家分类的不同影响。作者使用趋势分析和箱形图来分析目前的国标和二氧化碳排放情景。此外,作者还使用了面板数据回归模型来检验国标对二氧化碳排放的总体影响,并揭示了这种关系在国家级经济和可持续发展方面的变化。为了稳健起见,使用了广义矩方法(GMM)和工具变量(IV)模型。研究结果在研究期间,全球层面上的国标呈逐年上升趋势,而二氧化碳排放量则略有下降。然而,在发达国家和发展中国家之间以及国家层面的可持续发展之间,这种趋势存在明显差异。作者的回归结果表明,国标对全球二氧化碳排放有显著的负面影响。此外,国标对发展中国家二氧化碳排放的负面影响很大,而对发达国家的影响则很小。在可持续发展的基础上,各国之间也存在类似的差异。此外,本研究通过分析发达国家和发展中国家以及国家层面的可持续发展在 GBs-CO2 排放关系中的差异,做出了新的贡献。
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引用次数: 0
Is COVID-19 a turning point? Evidence from CEOs' investment behavior and risk tolerance COVID-19 是一个转折点吗?来自首席执行官投资行为和风险承受能力的证据
IF 2.7 4区 管理学 Q2 BUSINESS Pub Date : 2023-12-11 DOI: 10.1108/ijoem-02-2023-0264
Md Jahidur Rahman, Hongtao Zhu, Sun Beiyi

Purpose

This study explores the influence of the coronavirus disease 2019 (COVID-19) career experience on the investment behavior and risk tolerance of chief executive officers (CEOs). Specifically, this study focuses on CEOs' abilities to allocate financial assets and maintain solvency.

Design/methodology/approach

This study adopts a comprehensive approach to analyze financial assets and asset-to-liability ratios. Financial data and individual information of CEOs from listed companies are collected from 2020Q1 to 2021Q4, along with statistics on confirmed COVID-19 cases. Instrumental and alternative variables are used to examine the robustness and endogeneity of the research, ensuring a thorough analysis.

Findings

A significant positive correlation is revealed between CEOs' COVID-19 career experience and their capacity to effectively allocate financial assets. However, COVID-19 has a negative effect on firm performance in terms of solvency. These findings contribute to the empirical evidence linking the pandemic to company performance, representing part of the initial research in this area.

Originality/value

The study suggests that the implementation of potential policy implications, such as loose monetary policies and tax and fee reduction measures, may alleviate the tax burden on listed companies.

目的本研究探讨了 2019 年冠状病毒病(COVID-19)职业经历对首席执行官(CEO)投资行为和风险承受能力的影响。具体而言,本研究重点关注首席执行官配置金融资产和维持偿付能力的能力。设计/方法/途径本研究采用综合方法分析金融资产和资产负债率。收集 2020Q1 至 2021Q4 上市公司 CEO 的财务数据和个人信息,并统计 COVID-19 证实案例。研究结果显示,CEO 的 COVID-19 职业经历与其有效配置金融资产的能力之间存在显著的正相关关系。然而,COVID-19 对企业的偿付能力绩效有负面影响。这些发现有助于提供将大流行病与公司业绩联系起来的实证证据,是该领域初步研究的一部分。原创性/价值该研究表明,实施潜在的政策影响,如宽松的货币政策和减税降费措施,可能会减轻上市公司的税收负担。
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引用次数: 0
Nonstate ownership, agency costs and corporate performance: evidence from Chinese state-owned enterprises 非国有所有权、代理成本与企业绩效:来自中国国有企业的证据
IF 2.7 4区 管理学 Q2 BUSINESS Pub Date : 2023-12-07 DOI: 10.1108/ijoem-03-2023-0443
Qi-an Chen, Anze Bao, Junpei Chen, Yi Lu
PurposeThe primary objective of introducing nonstate ownership into state-owned enterprises (SOEs) is to enhance corporate performance. This study explores how nonstate ownership affects corporate performance, emphasizing agency costs as the primary mechanism.Design/methodology/approachUsing data from 2010 to 2019 for listed SOEs, the authors measure nonstate ownership based on shareholding ratios, control rights and shareholding–control matching. The authors also use fixed-effects and mediation-effects models, with agency costs as the primary mechanism.FindingsIncreased nonstate shareholding ratios, stronger control rights and improved shareholding–control matching promote SOE performance. Nonstate shareholding ratios boost performance through resource effects, while control rights and shareholding–control matching promote performance by mitigating agency costs. A heterogeneity analysis indicates stronger effects in local SOEs and highly marketized regions. Moreover, control rights and shareholding–control matching reinforce the positive impact of shareholding ratios on performance.Originality/valueThe mixed-ownership reform of Chinese SOEs aims to optimize shareholding and control structures between state and nonstate shareholders. Therefore, research on the impact of nonstate shareholding ratios, control rights and shareholding–control matching on corporate performance is highly pertinent. However, existing studies have focused on the effects of single factors on performance, without exploration of the economic implications of shareholding–control matching. This study not only prioritizes the optimization of shareholding and control structures but also underscores the importance of granting nonstate shareholders control rights proportionate to their shareholding, providing critical evidence of the value of improving SOEs' ownership structure.
国有企业引入非国有所有制的主要目的是提高企业绩效。本研究探讨了非国有企业对企业绩效的影响,强调代理成本是主要机制。采用2010年至2019年上市国有企业的数据,作者根据持股比例、控制权和股权匹配来衡量非国有企业所有权。以代理成本为主要机制,采用了固定效应和中介效应模型。研究发现:提高非国有持股比例、增强控制权和改善股权匹配对国有企业绩效有促进作用。非国有持股比例通过资源效应促进绩效,控制权和股权匹配通过降低代理成本促进绩效。异质性分析表明,地方国有企业和高度市场化地区的影响更大。此外,控制权和股权匹配强化了持股比例对业绩的正向影响。中国国有企业混合所有制改革旨在优化国有和非国有股东之间的股权和控制结构。因此,研究非国有持股比例、控制权和股权匹配对公司绩效的影响具有很强的针对性。然而,现有的研究主要集中在单一因素对绩效的影响上,而没有探索股权-控制权匹配的经济含义。本研究不仅将优化股权和控制结构放在首位,而且强调了赋予非国有股东与其持股比例相称的控制权的重要性,为改善国有企业股权结构的价值提供了重要证据。
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引用次数: 0
The evolution of organizational design: the case of digital startups 组织设计的演变:以数字化创业公司为例
IF 2.7 4区 管理学 Q2 BUSINESS Pub Date : 2023-12-05 DOI: 10.1108/ijoem-05-2022-0847
Indria Handoko, Hendro A. Tjaturpriono

Purpose

Along their journey to achieve exponential growth, startups must process a vast amount of information and make quick decisions, reevaluate and adjust strategies and simultaneously redesign their organization along with the venture lifecycle. This paper delineates the evolution of startups' organizational design and identifies the influencing factors in every phase of the lifecycle.

Design/methodology/approach

This study adopts an explorative qualitative approach using a multiple case study methodology for six Indonesian startups. Indonesia is chosen as an emerging country in Southeast Asia with tremendous growth in digital startup businesses.

Findings

The research findings suggest that, as they experience exponential growth, startups strive to manage the tension between being structured and being flexible and hence remain innovative by combining management-centric and employee-centric approaches. In particular, this study identified three main factors that potentially influence the evolution of startups' organizational design: founders, investors and the characteristics of business and market.

Research limitations/implications

The present study focuses mainly on Indonesian digital startups and does not fully explain how the influencing factors work in each phase of the venture journey.

Practical implications

This study offers practical contributions for startups pursuing business growth by focusing on the importance of balancing the tension between structured and flexible organizational design and placing more attention on founders, investors and business-market characteristics.

Originality/value

This empirical study is among the first to delineate nuances of organizational design evolution during the startup lifecycle by adopting an explorative qualitative method.

在实现指数级增长的过程中,初创公司必须处理大量的信息,快速做出决策,重新评估和调整战略,同时随着风险生命周期重新设计他们的组织。本文描述了创业公司组织设计的演变过程,并识别了生命周期各个阶段的影响因素。设计/方法/方法本研究采用探索性定性方法,采用多案例研究方法对六家印尼初创公司进行研究。印度尼西亚被选为东南亚新兴国家,数字创业企业增长迅速。研究结果表明,当初创公司经历指数级增长时,它们会努力处理结构化和灵活性之间的紧张关系,从而通过结合以管理为中心和以员工为中心的方法来保持创新。特别是,本研究确定了可能影响创业公司组织设计演变的三个主要因素:创始人、投资者以及企业和市场的特征。目前的研究主要集中在印度尼西亚的数字创业公司,并没有完全解释影响因素在创业旅程的每个阶段是如何工作的。本研究通过关注平衡结构化和灵活组织设计之间的紧张关系的重要性,以及更多地关注创始人、投资者和商业市场特征,为追求业务增长的初创企业提供了实际贡献。原创性/价值本实证研究首次采用探索性定性方法描述了创业公司生命周期中组织设计演变的细微差别。
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引用次数: 0
Crypto goes East: analyzing Bitcoin, technological and regulatory contagions in Asia–Pacific financial markets using asset pricing 加密走向东方:利用资产定价分析比特币、技术和监管在亚太金融市场的蔓延
IF 2.7 4区 管理学 Q2 BUSINESS Pub Date : 2023-12-05 DOI: 10.1108/ijoem-07-2022-1127
Gatot Soepriyanto, Shinta Amalina Hazrati Havidz, Rangga Handika
<h3>Purpose</h3><p>This study provides a comprehensive analysis of the potential contagion of Bitcoin on financial markets and sheds light on the complex interplay between technological advancements, accounting regulatory and financial market stability.</p><!--/ Abstract__block --><h3>Design/methodology/approach</h3><p>The study employs a multi-faceted approach to analyze the impact of BTC systemic risk, technological factors and regulatory variables on Asia–Pacific financial markets. Initially, a single-index model is used to estimate the systematic risk of BTC to financial markets. The study then uses ordinary least squares (OLS) to assess the potential impact of systemic risk, technological factors and regulatory variables on financial markets. To further control for time-varying factors common to all countries, a fixed effect (FE) panel data analysis is implemented. Additionally, a multinomial logistic regression model is utilized to evaluate the presence of contagion.</p><!--/ Abstract__block --><h3>Findings</h3><p>Results indicate that Bitcoin's systemic risk to the Asia–Pacific financial markets is relatively weak. Furthermore, technological advancements and international accounting standard adoption appear to indirectly stabilize these markets. The degree of contagion is also found to be stronger in foreign currencies (FX) than in stock index (INDEX) markets.</p><!--/ Abstract__block --><h3>Research limitations/implications</h3><p>This study has several limitations that should be considered when interpreting the study findings. First, the definition of financial contagion is not universally accepted, and the study results are based on the specific definition and methodology. Second, the matching of daily financial market and BTC data with annual technological and regulatory variable data may have limited the strength of the study findings. However, the authors’ use of both parametric and nonparametric methods provides insights that may inspire further research into cryptocurrency markets and financial contagions.</p><!--/ Abstract__block --><h3>Practical implications</h3><p>Based on the authors analysis, they suggest that financial market regulators prioritize the development and adoption of new technologies and international accounting standard practices, rather than focusing solely on the potential risks associated with cryptocurrencies. While a cryptocurrency crash could harm individual investors, it is unlikely to pose a significant threat to the overall financial system.</p><!--/ Abstract__block --><h3>Originality/value</h3><p>To the best of the authors knowledge, they have not found an asset pricing approach to assess a possible contagion. The authors have developed a new method to evaluate whether there is a contagion from BTC to financial markets. A simple but intuitive asset pricing method to evaluate a systematic risk from a factor is a single index model. The single index model has been extensively used in stock mark
本研究全面分析了比特币对金融市场的潜在影响,揭示了技术进步、会计监管和金融市场稳定之间复杂的相互作用。本研究采用多方面的方法分析比特币系统性风险、技术因素和监管变量对亚太金融市场的影响。首先,采用单指数模型来估计比特币对金融市场的系统性风险。然后,该研究使用普通最小二乘(OLS)来评估系统性风险、技术因素和监管变量对金融市场的潜在影响。为了进一步控制各国共有的时变因素,采用固定效应面板数据分析。此外,一个多项逻辑回归模型被用来评估传染的存在。研究结果表明,比特币对亚太金融市场的系统性风险相对较弱。此外,技术进步和国际会计准则的采用似乎间接地稳定了这些市场。传染的程度也被发现在外汇(FX)比在股票指数(index)市场更强。研究局限性/启示本研究有几个局限性,在解释研究结果时应考虑到这些局限性。首先,金融传染的定义没有被普遍接受,研究结果是基于特定的定义和方法。其次,每日金融市场和比特币数据与年度技术和监管变量数据的匹配可能限制了研究结果的强度。然而,作者使用参数和非参数方法提供了可能启发进一步研究加密货币市场和金融传染的见解。根据作者的分析,他们建议金融市场监管机构优先考虑新技术和国际会计准则实践的开发和采用,而不是仅仅关注与加密货币相关的潜在风险。虽然加密货币崩盘可能会损害个人投资者,但不太可能对整个金融体系构成重大威胁。原创性/价值据作者所知,他们还没有找到一种资产定价方法来评估可能的传染。作者开发了一种新的方法来评估比特币是否会传染到金融市场。从一个因素来评估系统风险的一种简单而直观的资产定价方法是单指数模型。单指数模型已广泛应用于股票市场,但尚未用于评估加密货币的系统性风险潜力。作者遵循Morck et al.(2000)和Durnev et al.(2004)来评估比特币对金融市场是否存在系统性风险。如果比特币具有系统性风险,则比特币指数模型的解释力应该很高。因此,第一个隐含贡献是使用不同的方法重新评估Aslanidis等人(2019)、Dahir等人(2019)和Handika等人(2019)的研究结果。
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引用次数: 0
State of the art and future scenarios for bio-packaging market transition: evidence from Poland 生物包装市场转型的现状和未来情景:来自波兰的证据
IF 2.7 4区 管理学 Q2 BUSINESS Pub Date : 2023-12-04 DOI: 10.1108/ijoem-10-2022-1614
Barbara Ocicka, Grażyna Kędzia, Jakub Brzeziński

Purpose

The purpose of this article is twofold. First, this study characterises the current state of the bio-packaging market's development. Second, it identifies key factors influencing and possible scenarios of the bio-packaging market transition to increase the market share of compostable packaging.

Design/methodology/approach

The results of 29 in-depth interviews (IDIs) with representatives of the key groups of bio-packaging supply chains' (SCs') stakeholders were the input for the consideration of the research problem.

Findings

The main economic, legal, social and technological enablers and barriers to the bio-packaging regime transition are recognised, and their impact at the market level is explained. The authors recognised the hybrid transition scenario towards an increase in the market share of compostable packaging related to the three traditional pathways of transformation, reconfiguration and technological substitution.

Originality/value

This study contributes to a better understanding of the socio-technical system theory by examining interdependencies between landscape (external environment), market regime (bio-packaging market) and niche innovations (compostable packaging) as well as system transition pathways. The findings and conclusions on bio-packaging market developments can be important lessons learnt to be applied in different countries due to the same current development stage of the compostable packaging lifecycle worldwide.

这篇文章的目的是双重的。首先,本研究描述了生物包装市场发展的现状。其次,确定了影响生物包装市场转型的关键因素和可能的场景,以增加可降解包装的市场份额。设计/方法/方法与生物包装供应链(SCs)利益相关者的关键群体代表进行的29次深度访谈(IDIs)的结果是考虑研究问题的输入。发现生物包装制度转型的主要经济、法律、社会和技术推动因素和障碍得到承认,并解释了它们在市场层面的影响。作者认识到,混合过渡情景将增加可堆肥包装的市场份额,这与转型、重新配置和技术替代这三种传统途径有关。原创性/价值本研究通过考察景观(外部环境)、市场机制(生物包装市场)和生态位创新(可堆肥包装)以及系统过渡途径之间的相互依赖关系,有助于更好地理解社会技术系统理论。关于生物包装市场发展的发现和结论可以是重要的经验教训,可以应用于不同的国家,因为目前世界范围内可堆肥包装生命周期的发展阶段相同。
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引用次数: 0
Examining the relationship between fear of COVID-19 and digital financial service usage among Pakistani SMEs 研究巴基斯坦中小企业对COVID-19的恐惧与数字金融服务使用之间的关系
IF 2.7 4区 管理学 Q2 BUSINESS Pub Date : 2023-11-30 DOI: 10.1108/ijoem-10-2022-1528
Salman Mahmood, Shuhui Wen, Shoaib Aslam, Muhammad Rizwan Khan, Fahad Ur Rehman

Purpose

This research aimed to find out both direct and mediating relationships between the fear of COVID-19 (FC) and the usage of digital financial services (UDFS) via mediator financial anxiety (FA). It also attempted to ascertain the moderated effect of education of small and medium-sized enterprise (SME) owners (ESO), i.e. business degree holders (BDH) vs nonbusiness degree holders (NBDH), in the relationship between FC and the UDFS.

Design/methodology/approach

This research employed a simple random sampling technique. In total, 387 complete responses were collected from Pakistani SMEs. The complete analysis was performed using Statistical Package for the Social Sciences (SPSS) 23, AMOS 24, Process Marco 4.1, and Interaction 1.7.

Findings

According to the findings, FC leads to UDFS and FA mediates this relationship. Additionally, the findings show that the ESO between FC and UDFS was moderated. However, conditional analysis shows that BDH-SME owners strengthened the moderated relationship between FC and UDFS compared to NBDH-SME owners, who did not show any relationship.

Research limitations/implications

Policymakers might use the study's findings to promote business education, which has been recognized as essential for making sound financial decisions. Finally, because the study is cross-sectional, the authors are unable to draw definitive generalizations.

Originality/value

The key novelty of this research work lies in the inclusion of FA as a mediator and the education of SME owners as a moderator in understanding the relationship between FC and the UDFS. This study illuminated the positive aspects of the COVID-19 epidemic based on the theory of emotional finance, risk avoidance theory and theories of emotion.

目的本研究旨在通过中介金融焦虑(FA)发现COVID-19恐惧(FC)与数字金融服务(UDFS)使用之间的直接和中介关系。它还试图确定中小企业(SME)所有者(ESO),即商业学位持有者(BDH)与非商业学位持有者(NBDH)的教育程度在FC与UDFS之间的关系中的调节作用。设计/方法/方法本研究采用简单的随机抽样方法。总共从巴基斯坦中小企业收集了387份完整的回复。使用社会科学统计软件包(SPSS) 23、AMOS 24、Process Marco 4.1和Interaction 1.7进行完整分析。根据研究结果,FC导致UDFS, FA在此关系中起中介作用。此外,研究结果表明,FC和UDFS之间的ESO被缓和。然而,条件分析表明,与NBDH-SME业主相比,BDH-SME业主加强了FC与UDFS之间的调节关系,NBDH-SME业主没有表现出任何关系。研究的局限性/启示政策制定者可能会利用这项研究的发现来促进商业教育,这已经被认为是做出合理财务决策的关键。最后,由于研究是横断面的,作者无法得出明确的概括。独创性/价值本研究工作的关键新颖之处在于,在理解企业文化与企业价值之间的关系时,将中小企业主的教育作为中介,而将中小企业主的教育作为调节因素。本研究以情绪金融理论、风险规避理论和情绪理论为基础,阐述了新冠肺炎疫情的积极方面。
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引用次数: 0
Factors affecting buying decisions of Islamic banking products: the moderating role of religious belief 影响伊斯兰银行产品购买决策的因素:宗教信仰的调节作用
IF 2.7 4区 管理学 Q2 BUSINESS Pub Date : 2023-11-24 DOI: 10.1108/ijoem-03-2023-0439
Husam-Aldin Nizar Al-Malkawi, Shahid Rizwan, Adel Sarea

Purpose

The purpose of this study is to examine the impact of the marketing mix, customer perceptions, and religion on the buying decision of Islamic banking products in an emerging market namely the United Arab Emirates (UAE).

Design/methodology/approach

This study adopts a quantitative approach to analyze the data of 435 respondents collected through an online survey during January–February 2022. Data analysis of direct and moderating relationships are done through Smart PLS (partial least squares) using structural equation modelling (SEM) technique.

Findings

The results indicate that marketing mix (product, price, place and promotion) and customer perceptions have a positive direct relation with the buying decision of Islamic banking products in the UAE. However, moderation analysis shows that religion is a non-significant moderator for the above relationships.

Originality/value

This study combines potential variables from the perspectives of marketing, human mindset, and individual beliefs. The findings of this study provide a wider understanding of consumer behavior toward Islamic banking products. Marketers of the Islamic banking industry can utilize these findings for effective market segmentation and well-crafted marketing strategies. This will ultimately contribute to the sustainable growth and development of the Islamic banking industry in the UAE and other regions.

本研究的目的是研究在一个新兴市场,即阿拉伯联合酋长国(UAE),营销组合、客户观念和宗教对伊斯兰银行产品购买决策的影响。设计/方法/方法本研究采用定量方法对2022年1月至2月期间通过在线调查收集的435名受访者的数据进行分析。直接和调节关系的数据分析是通过使用结构方程建模(SEM)技术的智能PLS(偏最小二乘)完成的。研究结果表明,营销组合(产品、价格、地点和促销)和客户感知与阿联酋伊斯兰银行产品的购买决策有直接的正向关系。然而,适度分析表明,宗教对上述关系的调节作用不显著。原创性/价值本研究结合了市场营销、人类心态和个人信念等方面的潜在变量。本研究的结果为消费者对伊斯兰银行产品的行为提供了更广泛的理解。伊斯兰银行业的营销人员可以利用这些发现进行有效的市场细分和精心设计的营销策略。这最终将有助于阿联酋和其他地区伊斯兰银行业的可持续增长和发展。
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引用次数: 0
Untangling the nexus between supplier relationship management and competitive advantage: insights on the role of procurement performance and supply chain responsiveness 解开供应商关系管理和竞争优势之间的联系:对采购绩效和供应链响应作用的见解
IF 2.7 4区 管理学 Q2 BUSINESS Pub Date : 2023-11-22 DOI: 10.1108/ijoem-03-2022-0459
Ishmael Nanaba Acquah, David Asamoah, Caleb Amankwaa Kumi, Joseph Akyeh, Priscilla Agyemang

Purpose

The study examines the intricate interplay between supplier relationship management (SRM), procurement performance, supply chain responsiveness (SCR) and competitive advantage. Additionally, the study examines the mediating role of procurement performance and SCR in the link between SRM and competitive advantage.

Design/methodology/approach

A research model grounded in the resource-based view and dynamic capabilities theory (DCT) was developed and tested using partial least squares structural equation modeling (PLS-SEM). Data were obtained from 122 firms in Ghana.

Findings

The study revealed that SRM has a positive and significant effect on procurement performance, SCR and competitive advantage. Additionally, SCR has a positive and significant effect on competitive advantage; however, procurement performance has a negative and insignificant effect on competitive advantage. It was also revealed that SCR partially mediates the relationship between SRM and competitive advantage but fully mediates the relationship between procurement performance and competitive advantage. Also, it was also revealed that procurement performance does not mediate the relationship between SRM and competitive advantage.

Research limitations/implications

The study contributes to literature by highlighting the mediating role of SCR in influencing the effect of SRM and procurement performance on competitive advantage.

Practical implications

Practically, the study findings highlight the need for firms to seek, build and manage meaningful relationships with their suppliers in order to enhance their competency and capability to influence their competitive position in the marketplace.

Originality/value

To the best of the researchers' knowledge, no prior study has examined the effect of SRM on procurement performance and SCR. Additionally, no previous study has examined the mediating role of procurement performance and SCR on the link between SRM and competitive advantage.

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引用次数: 0
期刊
International Journal of Emerging Markets
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