Pub Date : 2024-02-14DOI: 10.1108/bij-09-2023-0599
Gunjan Malhotra, Navneet Fatehpuria
PurposeThis paper examines the understanding of various factors that influence consumer purchase intentions of renting products as a result of growth in the sharing economy. In addition, the study examines the notion of consumer minimalism, the mediating role of environmental consciousness and the moderating role of consumer scepticism to explain consumer rental consumption intention.Design/methodology/approachThe research used a survey questionnaire to collect data from Indian consumers (N = 259). Data analysis involved using structural equation modelling with AMOS v25 and PROCESS macro. Structural equation modelling was employed to test the models involving mediation, moderation and moderated mediation.FindingsThe findings link consumer minimalism and the intention to rent products. This research contributed to the existing body of knowledge by incorporating the concepts of consumer minimalism and consumer scepticism into consumers' decisions regarding renting products. Furthermore, the results demonstrated that environmental consciousness enhances consumers' inclination to rent products, shedding light on the factors influencing this preference.Originality/valueThis research extends the existing literature on consumer purchase intentions for rented products by investigating how consumer minimalism, mediated by environmental consciousness and moderated by consumer scepticism, influences these intentions. The results offer valuable insights for both theoretical understanding and practical applications, guiding marketing developers and brands that cater to minimalist consumers interested in renting products. Additionally, it suggests future research avenues in this domain.
目的 本文探讨了影响消费者租赁产品购买意向的各种因素，这些因素是共享经济发展的结果。此外，本研究还探讨了消费者极简主义的概念、环境意识的中介作用以及消费者怀疑主义的调节作用，以解释消费者的租赁消费意向。设计/方法/途径本研究使用调查问卷收集印度消费者（N = 259）的数据。数据分析使用 AMOS v25 和 PROCESS 宏进行结构方程建模。研究结果研究结果将消费者的极简主义与租赁产品的意向联系起来。这项研究通过将消费者极简主义和消费者怀疑主义的概念纳入消费者租赁产品的决策中，为现有知识体系做出了贡献。此外，研究结果表明，环保意识增强了消费者租赁产品的倾向，并揭示了影响这种偏好的因素。原创性/价值这项研究通过调查消费者极简主义如何在环保意识的中介和消费者怀疑主义的调节下影响消费者租赁产品的购买意向，扩展了现有关于消费者购买意向的文献。研究结果为理论理解和实际应用提供了有价值的见解，为迎合对租赁产品感兴趣的极简主义消费者的营销开发人员和品牌提供了指导。此外，研究还提出了该领域未来的研究方向。
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Pub Date : 2024-02-08DOI: 10.1108/bij-06-2023-0404
Raghavan Iyengar, Barry Shuster
Purpose Outstanding unexercised stock options can motivate managers to engage in actions that increase the value of their company’s stock, including buying back their firm’s stock. The objective of granting stock options to managers is to align their interests with stockholders by tying a portion of their compensation to the company’s stock performance. However, unexercised stock options may have unintended consequences by providing managers with a vested interest in artificially boosting stock prices via stock buybacks. The primary objective of this research is to study the main factors that influence firms' buyback decisions amongst hospitality firms at a time when these firms were clamoring for taxpayer bailouts. Results from logistic regression seem to suggest that outstanding executive stock options are a major contributory factor in a firm’s buyback decision. Estimates also indicate that larger, more profitable firms will likely engage in stock buybacks. These findings survive a battery of tests.Design/methodology/approach The authors use logistic regression to predict the probability of a firm’s buyback decision based on a given set of exogenous explanatory variables.Findings The paper supports the hypothesis that buyback decisions are guided by the motive to prop support stock prices in the presence of outstanding restricted stock options/warrants granted to firms' executives.Research limitations/implications The paper focuses on the buyback decision of U.S. hospitality firms. The results, therefore, might not be generalizable to firms in other industries or countries.Practical implications U.S. share repurchase corporate policy and government regulation needs to be revisited given the economic imperative for firms to invest in activities to restore employment and put them in a position for economic recovery.Social implications Public criticism of the size, structure and form (i.e. loan vs grant) of COVID-19 bailouts warrants an examination of whether the factors that drive hospitality and tourism firms to repurchase shares support economic recovery.Originality/value Consistent with agency theory, the authors find a significant positive association between outstanding restricted stocks and a firm’s decision to support the stock prices by buying back shares.
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Pub Date : 2024-02-08DOI: 10.1108/bij-06-2023-0404
Raghavan Iyengar, Barry Shuster
Purpose Outstanding unexercised stock options can motivate managers to engage in actions that increase the value of their company’s stock, including buying back their firm’s stock. The objective of granting stock options to managers is to align their interests with stockholders by tying a portion of their compensation to the company’s stock performance. However, unexercised stock options may have unintended consequences by providing managers with a vested interest in artificially boosting stock prices via stock buybacks. The primary objective of this research is to study the main factors that influence firms' buyback decisions amongst hospitality firms at a time when these firms were clamoring for taxpayer bailouts. Results from logistic regression seem to suggest that outstanding executive stock options are a major contributory factor in a firm’s buyback decision. Estimates also indicate that larger, more profitable firms will likely engage in stock buybacks. These findings survive a battery of tests.Design/methodology/approach The authors use logistic regression to predict the probability of a firm’s buyback decision based on a given set of exogenous explanatory variables.Findings The paper supports the hypothesis that buyback decisions are guided by the motive to prop support stock prices in the presence of outstanding restricted stock options/warrants granted to firms' executives.Research limitations/implications The paper focuses on the buyback decision of U.S. hospitality firms. The results, therefore, might not be generalizable to firms in other industries or countries.Practical implications U.S. share repurchase corporate policy and government regulation needs to be revisited given the economic imperative for firms to invest in activities to restore employment and put them in a position for economic recovery.Social implications Public criticism of the size, structure and form (i.e. loan vs grant) of COVID-19 bailouts warrants an examination of whether the factors that drive hospitality and tourism firms to repurchase shares support economic recovery.Originality/value Consistent with agency theory, the authors find a significant positive association between outstanding restricted stocks and a firm’s decision to support the stock prices by buying back shares.
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Pub Date : 2024-02-06DOI: 10.1108/bij-05-2023-0306
Bighnesh Dash Mohapatra, C. K. Sahoo, Avinash Chopra
PurposeThe purpose of this study is to explore and prioritize the factors that determine the social insurance contribution of unorganized workers.Design/methodology/approachA two-stage procedure was adopted to recognize and prioritize factors influencing the social insurance participation of unorganized workers: first, crucial factors influencing unorganized workers’ contribution towards social insurance were identified by employing exploratory factor analysis, and in the second phase, the fuzzy analytical hierarchal process was applied to rank the specified criteria and then sub-criteria by assigning weights.FindingsFour broad factors were identified, namely, economic, political, operational and socio-psychological, that significantly influence unorganized workers’ contribution towards social insurance. Later findings revealed that the prime influencer of unorganized workers’ contribution is employment contracts followed by average earnings, delivery of quality services, eligibility and accessibility.Practical implicationsThe research findings are feasible as the basic propositions are based on real-world scenario. The identification and ranking of factors have the potential to be used as a checklist for policymakers when designing pension and social insurance for unorganized workers. If it is not possible to consider all, the criteria and sub-criteria assigned upper rank can be given priority to extend pension coverage for a large group of working poor.Social implicationsThe key factors driving social insurance contributions have been highlighted by studying the stakeholders’ perceptions at a micro level. By comprehending the challenges, there is a possibility of covering a large section of the working poor into social insurance coverage.Originality/valueThis paper is believed to be one of its kinds to acknowledge a combination of factors that determine the contribution of unorganized workers to social insurance. This study is an empirical investigation to prioritize the essential drivers of social insurance participation by low-income cohorts in the context of emerging countries. The present approach of employing fuzzy logic has also very limited use in social insurance literature yet.
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Pub Date : 2024-02-06DOI: 10.1108/bij-06-2023-0376
Mehreen Malik, Muhammad Mustafa Raziq, Naukhez Sarwar, Madiha Gohar
PurposeWe explore the skills required for digital leadership for reshaping existing business models toward digital models. Digital leadership is pivotal in gaining a competitive advantage and achieving successful digital transformation. However, little is known with regard to the underlying mechanisms related to digital leadership and transformation.Design/methodology/approachData are collected through semi-structured interviews involving 20 participants from five Pakistani textile companies. Thematic analysis was employed as a data analysis tool.FindingsFindings show that certain skills such as technological know-how, innovativeness, adaptability, ability to lead and steer, honesty, integrity, transformative vision, communication and collaboration are conducive to successful digital transformation in textile manufacturing firms. Similarly, digital leaders can significantly enhance business model innovation, create value for the firm, help develop new products (value proposition) and create Ecosystem partnerships (value network).Originality/valueThis article bridges gaps between existing literature on digital transformation and leadership. Digital leadership skills for digital transformation and the role of digital leaders in business model innovation have not been explored before. The conceptual framework is put forth, propositions are proposed and the findings offer some future research directions.
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Pub Date : 2024-02-06DOI: 10.1108/bij-06-2023-0376
Mehreen Malik, Muhammad Mustafa Raziq, Naukhez Sarwar, Madiha Gohar
PurposeWe explore the skills required for digital leadership for reshaping existing business models toward digital models. Digital leadership is pivotal in gaining a competitive advantage and achieving successful digital transformation. However, little is known with regard to the underlying mechanisms related to digital leadership and transformation.Design/methodology/approachData are collected through semi-structured interviews involving 20 participants from five Pakistani textile companies. Thematic analysis was employed as a data analysis tool.FindingsFindings show that certain skills such as technological know-how, innovativeness, adaptability, ability to lead and steer, honesty, integrity, transformative vision, communication and collaboration are conducive to successful digital transformation in textile manufacturing firms. Similarly, digital leaders can significantly enhance business model innovation, create value for the firm, help develop new products (value proposition) and create Ecosystem partnerships (value network).Originality/valueThis article bridges gaps between existing literature on digital transformation and leadership. Digital leadership skills for digital transformation and the role of digital leaders in business model innovation have not been explored before. The conceptual framework is put forth, propositions are proposed and the findings offer some future research directions.
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Pub Date : 2024-02-06DOI: 10.1108/bij-03-2023-0136
A. Ilmudeen, A. Qaffas
PurposeAlthough information technology (IT) governance and IT capability have been extensively examined, the impact of IT governance mechanisms on IT-enabled dynamic capability (ITDC) with moderators has received less attention. This study investigates how the impact of IT governance mechanisms on firm performance is achieved through an ITDC through the moderating role of IT governance decentralization and a turbulent environment.Design/methodology/approachThis study extends from the traditional view of IT capabilities and integrates dynamic capability theory to propose that IT governance is vital for the ITDC. Path analysis, hierarchical regression analysis and moderation analysis were performed using partial least squares (Smart PLS 3.0) as the data analysis methods. This study empirically tests the proposed mediated moderation model by using data collected from 254 firms in China to test the hypotheses.FindingsSignificant and impactful relationships are found in the model that includes turbulent environment moderating effects. Contrary to expectations, IT governance decentralization is also significant but not very strong.Research limitations/implicationsThis study’s findings have implications for investigating IT governance, IT-enabled capabilities and moderators. Accordingly, this study has implications for board and executive management to capitalize on dynamic IT capability, to keep pace with the challenges and turbulent conditions associated with business needs and for the productivity paradox in the context of Chinese firms.Originality/valueThis country-specific research study theoretically contributes to the IT governance, dynamic capabilities and turbulent environment in the information systems literature and proposes many practical guides to the board and executive management of companies in the Chinese context.
目的虽然信息技术（IT）治理和 IT 能力已得到广泛研究，但 IT 治理机制对具有调节作用的 IT 动态能力（ITDC）的影响却较少受到关注。本研究通过信息技术治理分权和动荡环境的调节作用，探讨信息技术治理机制如何通过信息技术驱动动态能力（ITDC）实现对企业绩效的影响。采用偏最小二乘法（Smart PLS 3.0）作为数据分析方法，进行了路径分析、分层回归分析和调节分析。研究结果在包含动荡环境调节效应的模型中发现了显著且有影响的关系。与预期相反，IT 治理权力下放也很重要，但不是很强。研究局限/意义本研究的发现对调查 IT 治理、IT 能力和调节因素具有启示意义。因此，本研究对董事会和执行管理层利用动态信息技术能力、应对与业务需求相关的挑战和动荡环境以及解决中国企业的生产力悖论具有启示意义。 原创性/价值这项针对具体国家的研究从理论上为信息系统文献中的信息技术治理、动态能力和动荡环境做出了贡献，并为中国企业的董事会和执行管理层提出了许多实用指南。
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Pub Date : 2024-02-06DOI: 10.1108/bij-03-2023-0136
A. Ilmudeen, A. Qaffas
PurposeAlthough information technology (IT) governance and IT capability have been extensively examined, the impact of IT governance mechanisms on IT-enabled dynamic capability (ITDC) with moderators has received less attention. This study investigates how the impact of IT governance mechanisms on firm performance is achieved through an ITDC through the moderating role of IT governance decentralization and a turbulent environment.Design/methodology/approachThis study extends from the traditional view of IT capabilities and integrates dynamic capability theory to propose that IT governance is vital for the ITDC. Path analysis, hierarchical regression analysis and moderation analysis were performed using partial least squares (Smart PLS 3.0) as the data analysis methods. This study empirically tests the proposed mediated moderation model by using data collected from 254 firms in China to test the hypotheses.FindingsSignificant and impactful relationships are found in the model that includes turbulent environment moderating effects. Contrary to expectations, IT governance decentralization is also significant but not very strong.Research limitations/implicationsThis study’s findings have implications for investigating IT governance, IT-enabled capabilities and moderators. Accordingly, this study has implications for board and executive management to capitalize on dynamic IT capability, to keep pace with the challenges and turbulent conditions associated with business needs and for the productivity paradox in the context of Chinese firms.Originality/valueThis country-specific research study theoretically contributes to the IT governance, dynamic capabilities and turbulent environment in the information systems literature and proposes many practical guides to the board and executive management of companies in the Chinese context.
目的虽然信息技术（IT）治理和 IT 能力已得到广泛研究，但 IT 治理机制对具有调节作用的 IT 动态能力（ITDC）的影响却较少受到关注。本研究通过信息技术治理分权和动荡环境的调节作用，探讨信息技术治理机制如何通过信息技术驱动动态能力（ITDC）实现对企业绩效的影响。采用偏最小二乘法（Smart PLS 3.0）作为数据分析方法，进行了路径分析、分层回归分析和调节分析。研究结果在包含动荡环境调节效应的模型中发现了显著且有影响的关系。与预期相反，IT 治理权力下放也很重要，但不是很强。研究局限/意义本研究的发现对调查 IT 治理、IT 能力和调节因素具有启示意义。因此，本研究对董事会和执行管理层利用动态信息技术能力、应对与业务需求相关的挑战和动荡环境以及解决中国企业的生产力悖论具有启示意义。 原创性/价值这项针对具体国家的研究从理论上为信息系统文献中的信息技术治理、动态能力和动荡环境做出了贡献，并为中国企业的董事会和执行管理层提出了许多实用指南。
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Pub Date : 2024-02-06DOI: 10.1108/bij-05-2023-0306
Bighnesh Dash Mohapatra, C. K. Sahoo, Avinash Chopra
PurposeThe purpose of this study is to explore and prioritize the factors that determine the social insurance contribution of unorganized workers.Design/methodology/approachA two-stage procedure was adopted to recognize and prioritize factors influencing the social insurance participation of unorganized workers: first, crucial factors influencing unorganized workers’ contribution towards social insurance were identified by employing exploratory factor analysis, and in the second phase, the fuzzy analytical hierarchal process was applied to rank the specified criteria and then sub-criteria by assigning weights.FindingsFour broad factors were identified, namely, economic, political, operational and socio-psychological, that significantly influence unorganized workers’ contribution towards social insurance. Later findings revealed that the prime influencer of unorganized workers’ contribution is employment contracts followed by average earnings, delivery of quality services, eligibility and accessibility.Practical implicationsThe research findings are feasible as the basic propositions are based on real-world scenario. The identification and ranking of factors have the potential to be used as a checklist for policymakers when designing pension and social insurance for unorganized workers. If it is not possible to consider all, the criteria and sub-criteria assigned upper rank can be given priority to extend pension coverage for a large group of working poor.Social implicationsThe key factors driving social insurance contributions have been highlighted by studying the stakeholders’ perceptions at a micro level. By comprehending the challenges, there is a possibility of covering a large section of the working poor into social insurance coverage.Originality/valueThis paper is believed to be one of its kinds to acknowledge a combination of factors that determine the contribution of unorganized workers to social insurance. This study is an empirical investigation to prioritize the essential drivers of social insurance participation by low-income cohorts in the context of emerging countries. The present approach of employing fuzzy logic has also very limited use in social insurance literature yet.
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Pub Date : 2024-02-05DOI: 10.1108/bij-03-2023-0196
G. Narkhede, B. Pasi, N. Rajhans, Atul Kulkarni
PurposeIndustry 5.0 (I5.0) is eventually set to supersede Industry 4.0 (I4.0), despite the fact that I4.0 continues to gain ground in emerging nations like India. Now India is aspiring to be a global manufacturing hub, and I5.0 offers enormous potential to position India as a forerunner in intelligent and collaborative manufacturing systems. Therefore, this research article aims to understand the relationship between I5.0 and sustainable manufacturing (SM) thoroughly; pinpoint its impact and implementation challenges; analyze its impact on Triple-Bottom-Line (TBL) sustainability; and present an inclusive framework for I5.0 implementation for Indian manufacturing enterprises.Design/methodology/approachThe coexistence of two industrial revolutions raises questions, which necessitates debates and explanations. Thus, the systematic literature review (SLR) approach is used to address this issue and this study used Web of Science, Scopus, Science Direct and Google Scholar databases. Following a critical SLR, 82 research papers have been cited in this article, and the majority of cited articles were published from 2010 to 2022, to ensure a focused analysis of pertinent and recent scholarly contributions.FindingsI4.0 is considered to be technology-driven, however, I5.0 is perceived to be value-driven. I5.0 is not a replacement or a chronological continuation of the I4.0 paradigm. The notion of I5.0 offers a distinct perspective and emphasizes the necessity of research on SM within the TBL sustainability boundaries. I5.0 introduces a new TBL: resilience in value creation, human well-being and sustainable society. Indeed, I5.0 seems to be economically, socially, and environmentally sustainable while manufacturing products with high productivity.Practical implicationsTheoretical implications pertain to restructuring business models and workforce transformation, whereas practical implications underscore the significance for manufacturing enterprises to embrace I5.0 for their sustainable development. By understanding the nuanced relationship between I5.0 and SM, enterprises can navigate implementation challenges, maximize TBL sustainability and embrace an inclusive I5.0 framework for high productivity and resilience.Originality/valueThe existing literature presents the general notion of I5.0 but lacks in-depth TBL sustainability analysis. This research used a systematic and rigorous SLR approach that evaluates the existing literature, enables an in-depth understanding, identifies research gaps and provides evidence-based recommendations for the decision-making process. Furthermore, this research aims to stand on an unbiased assessment, exploring theoretical and practical implications of I5.0 implementation for manufacturing enterprises and suggesting future research avenues.
目的工业 5.0（I5.0）最终将取代工业 4.0（I4.0），尽管在印度等新兴国家，I4.0 仍占上风。现在，印度正立志成为全球制造业中心，I5.0 为印度成为智能协同制造系统的先行者提供了巨大的潜力。因此，本研究文章旨在深入了解 I5.0 与可持续制造（SM）之间的关系；指出其影响和实施挑战；分析其对三重底线（TBL）可持续性的影响；并为印度制造企业提出一个实施 I5.0 的包容性框架。因此，本研究采用了系统文献综述（SLR）方法来解决这一问题，并使用了 Web of Science、Scopus、Science Direct 和 Google Scholar 数据库。经过批判性的 SLR，本文引用了 82 篇研究论文，其中大部分引用的文章发表于 2010 年至 2022 年，以确保对相关的最新学术贡献进行重点分析。I5.0 不是 I4.0 模式的替代品，也不是 I4.0 模式在时间上的延续。I5.0 的概念提供了一个独特的视角，强调了在 TBL 可持续性范围内开展 SM 研究的必要性。I5.0 引入了一个新的 TBL：价值创造、人类福祉和可持续社会的复原力。实际上，I5.0 在制造高生产率产品的同时，似乎在经济、社会和环境方面都是可持续的。实践意义理论意义涉及商业模式重组和劳动力转型，而实践意义则强调制造企业拥抱 I5.0 对其可持续发展的重要意义。通过了解 I5.0 与 SM 之间的微妙关系，企业可以应对实施过程中的挑战，最大限度地提高 TBL 的可持续性，并采用包容性的 I5.0 框架来提高生产率和应变能力。本研究采用了系统、严谨的可持续发展报告方法，对现有文献进行了评估，加深了理解，找出了研究空白，并为决策过程提供了基于证据的建议。此外，本研究旨在站在公正评估的立场上，探讨 I5.0 实施对制造企业的理论和实践意义，并提出未来的研究途径。
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