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1 – 10 of 416Outlines the evolution of the idea of private property in the West and in early Islamic states; and its practical translation into property rights in land in the UK, Islamic…
Abstract
Outlines the evolution of the idea of private property in the West and in early Islamic states; and its practical translation into property rights in land in the UK, Islamic territories and South Asia. Provides a glossary of terms which may be unfamiliar to Western readers and argues that the East India Company’s Permanent Settlement Regulation in South Asia recognized existing rights and did not create new ones. Believes that understanding this is important for any evolutionary theory of the South Asian economy.
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Somesh Agarwal, Mohit Tyagi and R.K. Garg
Adopting the circular economy (CE) notion in the supply chain perspective is necessary for the sustainability viewpoint. However, such practices are deficient, especially in…
Abstract
Purpose
Adopting the circular economy (CE) notion in the supply chain perspective is necessary for the sustainability viewpoint. However, such practices are deficient, especially in developing countries like India, because of several obstacles. The purpose of this study was to create an approach for circular supply chain management (CSCM) adaption in Indian rubber industries by identifying and evaluating its associated obstacles.
Design/methodology/approach
A hybrid approach of analytic hierarchy process (AHP) and the grey-based ELECTRE method had been employed in this research to obtain the mutual rankings of the identified obstacles based on their impressions on the CSCM prosperity criteria through a case study and involving diverse expert's opinions.
Findings
Presented study's findings illustrate that “Lack of consumer knowledge and consciousness towards environmental sustainability” was found to be the top-ranked obstacle followed by “Unwillingness towards supply chain re-structuring”.
Research limitations/implications
The obstacles' prioritized rankings could help leaders to create sequential strategies for adapting a resilient CSCM structure by systematically eliminating these obstacles. Moreover, the pinpointed critical obstacles could be investigated further in separate studies and generate future studies' scope.
Originality/value
During the extensive literature survey, it had been found that the CSCM practices are in the fledgling stage in the developing country's context. Moreover, studies related to CSCM adaption in rubber-based manufacturing industries were much lacking. Presented work is peculiar, aiming to accelerate the CSCM adaption in the industrial rubber sector in developing countries like India.
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Mario Henrique Callefi, Gilberto Miller Devós Ganga, Moacir Godinho Filho, Elias Ribeiro da Silva, Lauro Osiro and Vasco Reis
Road freight transportation companies need to take advantage of information and communication technologies to develop capabilities. This study proposes a framework to guide road…
Abstract
Purpose
Road freight transportation companies need to take advantage of information and communication technologies to develop capabilities. This study proposes a framework to guide road freight transportation companies to achieve data visibility in their operations by developing such capabilities. By proposing this framework, this research contributes to literature and practice, highlighting the capabilities and the respective supporting technologies for improved data visibility in road freight transportation.
Design/methodology/approach
A mixed-method approach is used to develop the framework, considering three methodological steps. In phase 1, the capabilities are identified in the literature and validated by experts. In phase 2, an empirical assessment of cause–effect relationships between capabilities is performed using a multiple case study and DEMATEL. Lastly, in phase 3, an analysis of the cause model and significant associations is conducted to enable the development of the framework. In addition, the proposed framework was validated by the experts interviewed.
Findings
The results provide a framework that explains the link between the technology-enabled data visibility capabilities in road freight transportation operations. In addition, a pathway was established that road freight transportation companies could follow to achieve data visibility in their operations by developing such capabilities.
Originality/value
This work develops the first framework that provides a path for data visibility in road freight transportation operations from adopting certain technologies. The insights are compelling for researchers and practitioners to optimize the decision-making process for adopting technologies and developing capabilities related to data visibility.
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Muhammad Farooque, Abraham Zhang and Yanping Liu
This paper aims to identify and systematically analyze the causal-effect relationships among barriers to circular food supply chains in China.
Abstract
Purpose
This paper aims to identify and systematically analyze the causal-effect relationships among barriers to circular food supply chains in China.
Design/methodology/approach
Grounded in multiple organizational theories, this paper develops a theoretical framework for identifying relevant barriers to integrating circular economy philosophy in food supply chain management. The study uses 105 responses from Chinese food supply chain stakeholders including food processors, sales and distribution channels, consumers and government officials. It applies a fuzzy decision-making trial and evaluation laboratory (DEMATEL) method to examine the causal-effect relationships among the identified barriers.
Findings
Overall, the results suggest two key cause barriers: first, weak environmental regulations and enforcement, and second, lack of market preference/pressure. Meanwhile, lack of collaboration/support from supply chain actors is the most prominent barrier. The key cause and prominent barriers are also identified for each of the supply chain stakeholder involved.
Research implications
The study offers practical insights for overcoming barriers to integrating circular economy philosophy in the management of supply chains in the Chinese food sector, as well as in other contexts where similar challenges are faced. It also sheds light on which organizational theories are most suitable for guiding similar studies.
Originality/value
To the best of the authors’ knowledge, this is the first barrier study on circular food supply chains. The use of multiple organizational theories for the development of the theoretical framework is unique in barrier studies. The study offers insights from multiple stakeholders in the Chinese food supply chains.
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Vishwas Dohale, Priya Ambilkar, Ashwani Kumar, Sachin Kumar Mangla and Vijay Bilolikar
This research identifies the enablers for implementing circular supply chains (CSCEs) and analyzes interrelationships between them to quantify their driving and dependence power…
Abstract
Purpose
This research identifies the enablers for implementing circular supply chains (CSCEs) and analyzes interrelationships between them to quantify their driving and dependence power to understand the critical CSCEs.
Design/methodology/approach
Initially, 10 CSCEs are identified for the Indian apparel industries through an extant literature review and validated using the Delphi method by seeking experts' opinions. The identified CSCEs are subjected to a novel neutrosophic interpretive structural modeling (N-ISM) method to capture the interrelationships between CSCEs and compute the driving and dependence power of CSCEs.
Findings
The findings of the present research work revealed that “supportive legislative framework, awareness of circular economy's potential for revenue gain and availability of trained research and development (R&D) team” are the critical CSCEs that need to be considered while implementing a circular supply chain in apparel industries.
Research limitations/implications
This study offers insightful implications to guide practitioners in implementing the circular economy in apparel supply chains.
Originality/value
This research work is one of the earlier studies to analyze the enablers for implementing circular supply chains. This study has explored CSCEs in the context of apparel industries. From a methodological perspective, the novel N-ISM method is worth highlighting as the originality of the work.
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Abraham Zhang, Linh Duong, Stefan Seuring and Janet L. Hartley
Supply chain management (SCM) research has contributed to the transition to a circular economy (CE). Still, confusions exist on the related terms, and no review has mapped out the…
Abstract
Purpose
Supply chain management (SCM) research has contributed to the transition to a circular economy (CE). Still, confusions exist on the related terms, and no review has mapped out the development trends in the domain. This research clarifies the boundaries of the relevant concepts. Then, it conducts a comprehensive review of the circular SCM (CSCM) literature and identifies opportunities for future research.
Design/methodology/approach
Using relevant keywords, 1,130 journal articles published in December 31, 2021 were identified. Unlike the published reviews, which mainly relied on content analysis, this review uses bibliometric analysis tools, including citation analysis, co-citation analysis and cluster analysis. The review identifies general trends, influential researchers, high-impact publications, citation patterns and established and emergent research themes.
Findings
The extant CSCM literature includes five prominent clusters: (1) reverse channel optimization; (2) CSCM review and empirical studies; (3) closed-loop supply chain (CLSC) and consumers; (4) CLSC and inventory management and (5) CLSC and reverse logistics (RL). Significant research gaps exist in the use of secondary and longitudinal data, a wider range of theories, mixed-methods, multi-method, action research and behavioral experiment. The least researched topics include zero waste, industrial symbiosis, circular product design, sourcing and supply management and reuse.
Originality/value
This is the first bibliometric analysis-based literature review on CSCM. It clarifies the interrelated supply chain sustainability terms and thus reduces related confusion. It offers insights into the patterns in the CSCM literature and suggests important research directions.
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Rami Ibrahim A. Salem, Ernest Ezeani, Ali M. Gerged, Muhammad Usman and Rateb Mohammmad Alqatamin
This study aims to examine the influence of the quality of voluntary disclosure (QVD) on earnings management (EM) amongst a sample of commercial banks in the Middle East and North…
Abstract
Purpose
This study aims to examine the influence of the quality of voluntary disclosure (QVD) on earnings management (EM) amongst a sample of commercial banks in the Middle East and North Africa (MENA) region.
Design/methodology/approach
Using a sample of 1,060 bank-year observations for the period 2006–2015, this paper developed a three-dimensional framework to measure the QVD, which considers the quantity, spread and usefulness of the information. Furthermore, this study examines the QVD-EM nexus using an ordinary least squares regression model. This technique is supplemented with conducting an instrumental variable regression model and a two-stage least squares model to overcome the potential occurrence of endogeneity problems.
Findings
The findings suggest that QVD is negatively attributed to EM in the context of MENA banks. The findings also confirm that the quality of financial reporting is enhanced by QVD dimensions that were considered in the framework, leading banks to less engagement in EM practices. In contrast, the influence of the quantity dimension (level) of the disclosed information has an insignificant impact on EM, while the spread and usefulness dimensions of VD are negatively and significantly associated with EM in the region.
Research limitations/implications
Although the results are robust to various measurements and to the possible occurrence of endogeneity problems, there are a few limitations should be acknowledged, which provides opportunities for future research. For example, the sample size is relatively small due to data accessibility issues. Likewise, the findings of the research might not be appropriate for non-financial sectors. These limitations provide a good opportunity for future studies to expand on the research by covering other developing economies and, thereby, enriching the understanding offered by this study.
Practical implications
This study offers several implications for bank managers, academics and policymakers. Firstly, it may help managers to appreciate the function and the importance of QVD in mitigating EM. Secondly, for academics, the study provides suggestive evidence on the impact of QVD on EM; however, future research may need to consider the role of morality and ethical behaviour across different environments in reducing excessive risk-taking and constraining earnings manipulation. Finally, it provides insights for policymakers and regulators to develop a framework or guidance that can help banks in providing high-QVD in the context of developing economies.
Originality/value
The study distinctively develops an innovative measurement for QVD using a new multi-dimensional model. This paper also bring new evidence on QVD complexity and its impact on EM practice from an under-researched developing context, namely, the MENA region.
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Ryan Atkins, Kim Deranek and Robert Sroufe
Research and interest in food loss and waste (FLW) have increased, but barriers stand in the way of firms engaging in food recovery efforts. The purpose of this study is to gain a…
Abstract
Purpose
Research and interest in food loss and waste (FLW) have increased, but barriers stand in the way of firms engaging in food recovery efforts. The purpose of this study is to gain a better understanding of how firms overcome these barriers.
Design/methodology/approach
This study followed a qualitative, field-study-based research design in which 23 decision-makers at food-based organizations were interviewed. Quotes were extracted and categorized to develop a conceptual model of the food recovery process.
Findings
The conceptual model that evolved helps to explain decision-making related to FLW across the following dimensions: barriers to food recovery, incentives to overcome the barriers, internal processes for engaging in food recovery and external relationships influencing internal incentives and processes. In addition, the barriers and incentives were divided into operational and managerial issues.
Originality/value
Building on the barriers to food recovery in prior research, we explored the processes that help firms overcome these barriers. The model developed in this study is an important step toward addressing these processes and relationships. It can serve as a foundation for a variety of future studies of food recovery.
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The extant literature reports mixed and inconclusive findings concerning the relationship between corporate governance mechanisms and firm performance. To provide incremental…
Abstract
Purpose
The extant literature reports mixed and inconclusive findings concerning the relationship between corporate governance mechanisms and firm performance. To provide incremental insight, this paper aims to investigate whether the bi-directional relationships among managerial ownership, board independence and firm performance are determined.
Design/methodology/approach
This paper uses a data set consisting of 9,302 firm-year observations of Australian listed companies during 2005-2015 and a three-stage least squares simultaneous equation model to test the bi-directional relationships.
Findings
The results indicate that both managerial ownership and board independence inversely affect firm performance and vice versa. In addition, board independence is negatively correlated with managerial ownership and vice versa.
Practical implications
The convergence-of-interests hypothesis can be achieved by manipulating managerial ownership through making contingent payments. Board independence, as a voluntary regime in Australia, can provide additional flexibility to corporate decision makers.
Originality/value
This study provides additional evidence by using the convergence-of-interests hypothesis vis-à-vis the entrenchment hypothesis to examine the relationship between managerial ownership and firm performance, and tests the association of board independence and firm performance using the explanation of agency theory vis-à-vis stewardship theory.
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Redhwan Aldhamari, Mohamad Naimi Mohamad Nor, Omar Al Farooque and Haithm Mohammed Al-sabri
The authors empirically investigate the impact of the existence of a stand-alone risk committee (RC) and its characteristics on the likelihood of stock price crash risk in listed…
Abstract
Purpose
The authors empirically investigate the impact of the existence of a stand-alone risk committee (RC) and its characteristics on the likelihood of stock price crash risk in listed financial firms on the Bursa Malaysia. The authors also test whether the effect of RC on crash risk is attenuating or amplifying by the level of institutional ownership.
Design/methodology/approach
The authors use a principal components analysis (PCA) to aggregate and derive a factor score for risk committee characteristics (i.e. independence, qualification, and size) as a proxy for the effectiveness of RC. The study also employs two distinct stock price crash risk measurements to corroborate the findings and partition institutional ownership into dedicated and transient to examine the potential impact of institutional shareholding on RC-stock price crash risk association.
Findings
Regression analysis reveals that only RC qualification has a significant negative impact on stock price crash risk. However, when RC characteristics are aggregated into one composite factor, the authors find that firms with effective RCs exhibit lower risk of stock price crash. The authors also find that firms with high level of institutional shareholdings and effective RCs are less likely to experience crash risk likelihood. The additional analyses indicate that the complementary moderating effect of institutional ownership on RC-crash risk nexus is likely to be driven by dedicated institutional ownership. The results are robust across two measures of stock price crash risk and regression specifications for a longer run window.
Originality/value
The study, to the best of the researchers' knowledge, is the first to provide evidence in an emerging market financial sector companies' perspective suggesting that effective RCs are individually and aggregately associated with lower stock price crash risk, which is further strengthened by dedicated institutional investors. These findings are unique and contribute to a small but growing body of literature documenting the need for effective RCs and specific institutional investors and their consequences of improvements in stock price crash risk environment. Results of our research in this area provide important insights to financial and capital market participants, investors, regulators, and policymakers in Malaysia.
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