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Article
Publication date: 23 November 2022

Romanus Osabohien, Haoma Worgwu and Mamdouh Abdulaziz Saleh Al-Faryan

To mitigate uncertainties in the labour market, it has been argued that technology diffusion in entrepreneurship drive is essential to increase employment capacity…

Abstract

Purpose

To mitigate uncertainties in the labour market, it has been argued that technology diffusion in entrepreneurship drive is essential to increase employment capacity. Against this backdrop, this study examined how social entrepreneurship and technology diffusion impact future employment in Nigeria. In addition, this study aims to contribute to the policy dialogue for the realisation of the United Nations Sustainable Development Goals (SDGs) of decent work and economic growth (SDG-8) and industry, innovation and infrastructure (SDG-9).

Design/methodology/approach

The data from the youth entrepreneurship with innovation (YouWiN) baseline survey was used. The study applied propensity score matching to achieve its objectives. This study defines social entrepreneurship as firms established solely to create social values. Similarly, technology diffusion is captured by the firm’s ownership of a website and communication with clients through email, while future employment is captured by the estimated number of people the business may employ in the next five years, if still in operation.

Findings

The results from the study show that social entrepreneurship and technology diffusion has a significant impact on future employment. The result implies that social entrepreneurship may contribute approximately 21% to the employment level in the future. Similarly, technology diffusion – ownership of a website and communication with clients through email increase the firm’s ability to contribute to future employment by 65% and 71%, respectively.

Research limitations/implications

One of the limitations of the research is that the study is quantitative in nature. Thus, qualitative information that could have added additional value to the study was not considered. As a recommendation, further studies should consider using a mixed method by adding qualitative information while examining the concept of social entrepreneurship and employment.

Practical implications

These findings suggest that ownership of a website, communicating with clients via email and involvement in social entrepreneurship contribute significantly to future employment in Nigeria. This finding shows that social entrepreneurship is crucial for reducing future employment uncertainties. Social enterprises will enhance the capacity of the economy to attain sustainable economic development. Therefore, the study concludes by recommending that policies to enhance social entrepreneurship awareness and promotion should be implanted to expand the knowledge of social enterprise as a unique business entity that drives employment.

Social implications

These findings suggest that ownership of a website, communicating with clients via email and involvement in social entrepreneurship contribute significantly to future employment in Nigeria. This finding shows that social entrepreneurship is crucial for reducing future employment uncertainties. Social enterprises will enhance the capacity of the economy to attain sustainable economic development. Therefore, the study concludes by recommending that policies to enhance social entrepreneurship awareness and promotion should be implanted to expand the knowledge of social enterprise as a unique business entity that drives employment.

Originality/value

Though prior studies have examined the contribution of entrepreneurship to employment; however, integration of technology diffusion in the concept of social entrepreneurship and employment literature is relatively sparse. Therefore, this study fills this gap by investigating how the diffusion of technology by social entrepreneurs impacts future employment in Nigeria.

Details

Social Enterprise Journal, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1750-8614

Keywords

Article
Publication date: 21 November 2022

Boris Eisenbart, Dan Lovallo, Massimo Garbuio, Matteo Cristofaro and Andy Dong

Does future thinking enhance managers’ innovative behavior? This study aims to posit that the ability to project events while considering current/future variables and…

Abstract

Purpose

Does future thinking enhance managers’ innovative behavior? This study aims to posit that the ability to project events while considering current/future variables and their development (i.e. future thinking) – inextricably linked with the knowledge creation process – may enhance the manager’s accuracy and the number of potentially successful innovative ideas for organizations.

Design/methodology/approach

The authors use a between-group experiment to examine the innovation choices of 47 subjects with experience in evaluating the market potential of new products when asked to support or otherwise reject real-life innovation-related ideas. The authors test the accuracy of decisions made by participants primed to apply future thinking, practically implemented through abductive reasoning, in their decision-making.

Findings

The authors found a significant change in managers’ innovative choices, with participants primed for future thinking making significantly more accurate decisions than the control group. Those participants both correctly chose innovation-related ideas with significant future potential and rejected ideas with limited potential that ultimately failed.

Originality/value

This study explores how future thinking enhances managers’ innovative behavior in organizations. It provides empirical evidence on how future thinking, practiced through abductive reasoning, can work to foster innovative behavior, which is an antecedent of knowledge creation. Organizations that foster future thinking concurrently create knowledge, increasing their competitive advantage in the long run.

Details

Journal of Knowledge Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1367-3270

Keywords

Article
Publication date: 7 November 2022

Kriengkrai Boonlert-U-Thai and Philipp Schaberl

The purpose of this study is to investigate the role of book values, earnings, and future earnings in equity valuation by time, life cycle stage, and market uncertainty…

Abstract

Purpose

The purpose of this study is to investigate the role of book values, earnings, and future earnings in equity valuation by time, life cycle stage, and market uncertainty using samples of USA and Japanese companies.

Design/methodology/approach

This study employs Lubberink and Willett (2021) methodology in using log-linear models to estimate the value relevance of accounting numbers and follows Schaberl (2016) approach to measure %incremental value relevance. The study also includes future earnings in a basic valuation model (Ohlson, 1995) to explore the extent to which stock prices are forward looking.

Findings

This study finds a significant increase by time in the relative value relevance of a combined model with book values and earnings and a combined model with future earnings for both countries. However, the incremental value relevance of book values, earnings, and future earnings remain stable over time. The results by life cycle stage indicate that incremental value relevance of future earnings and earnings are more (less) pronounced for firms in the intro (mature) life cycle stage while the incremental value relevance of book values is highest for firms in the decline stage for both countries. The results by market uncertainty indicate that firms with high market uncertainty display higher incremental value relevance of book values for both countries. The results on future earnings are mixed as USA (Japan) firms with high (low) market uncertainty display more (less) incremental value relevance of future earnings.

Practical implications

The findings in this study enhance the merits of two basic financial statements (balance sheet and income statement) in a firm's equity valuation for potential investors and existing shareholders and document an additional role of future earnings information in reflecting a firm's stock price, which is beyond what book values and current earnings have already contributed.

Originality/value

This is the first study that uses log-linear models to estimate the value relevance of accounting numbers and investigates value relevance of accounting information in three views: time, life cycle stage, and market uncertainty.

Details

Asian Review of Accounting, vol. 30 no. 5
Type: Research Article
ISSN: 1321-7348

Keywords

Article
Publication date: 11 October 2022

Jongho Heo, Chaejeong Lee and Bogyeong Min

This study aims to identify and prioritize preferable 2050 future images and the policy agendas of the Republic of Korea using a bottom-up approach, involving legislative…

Abstract

Purpose

This study aims to identify and prioritize preferable 2050 future images and the policy agendas of the Republic of Korea using a bottom-up approach, involving legislative staff of the National Assembly as well as experts from various fields.

Design/methodology/approach

The authors derived three future images from the future policy agendas selected by experts: society for growth of smart generations (GS), society for sustainability and safety (SS) and society for coexistence and diversity (CD). The survey conducted among legislative staff (n = 189) shows that the most preferred future image was SS. Then, the authors prioritized the policy agendas that aligned with future images using priority calculating methods.

Findings

The most prioritized policy agenda was “Social system for coexistence to resolve social conflict,” followed by “Social sustainability through tackling low birth rate.” The next was “Social integration policies to embrace diverse family composition” and “Responding to social change and knowledge transformation caused by artificial intelligence.” Among the top five rankings, two agendas from each SS and CD were selected.

Practical implications

To achieve the preferred future images, implementing policies related to sustainability, human rights and coexistence are necessary for continuous collaboration among stakeholders, especially those from the legislature.

Originality/value

This study presents a method of involving the National Assembly, which is a representative institution of the people and composed of various political parties, to set the national’s future vision and agenda from a long-term perspective.

Details

foresight, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1463-6689

Keywords

Article
Publication date: 6 October 2022

Zijian Cheng, Zhangxin (Frank) Liu and Jiaxin Xie

Does the choice of listing process matter in determining a firm's future crash risk? It is understood that the main function of an equity market is to provide price…

Abstract

Purpose

Does the choice of listing process matter in determining a firm's future crash risk? It is understood that the main function of an equity market is to provide price discovery, however, it is not clear whether the choice of listing methods would matter to the shareholders' wealth in the long term. We are the first to answer this question by utilising a hand-collected dataset that identifies all companies that went public via reverse merger (RM) in a growing emerging market.

Design/methodology/approach

Using hand-collected data from 2000 to 2018 in China, we follow the literature to construct two crash risk measures for RM and IPO firms. Our main analysis is performed using OLS regressions on the full sample as well as a sample using Propensity Score Matching. Our results hold with a number of robustness checks.

Findings

We find that reverse merger (RM) firms exhibit higher future stock price crash risk than initial public offering (IPO) firms. This relationship is more predominant in non-state-owned enterprises, and we find weak evidence suggesting such relationship weakens as firms stay longer in the market. There is no significant difference in future stock price crash risk between RM firms listed during IPO suspension periods and normal IPO firms.

Originality/value

We are the first to study the choice of listing method and its impact on firms' future stock price crash risk.

Details

Journal of Accounting Literature, vol. 44 no. 2/3
Type: Research Article
ISSN: 0737-4607

Keywords

Article
Publication date: 14 September 2022

Hamza Smajić, Ramo Palalić and Nisar Ahmad

The study provides the emergence and evolution of the socioemotional wealth (SEW) concept in the family business field from 2007 (the inception date) until 2021. To…

Abstract

Purpose

The study provides the emergence and evolution of the socioemotional wealth (SEW) concept in the family business field from 2007 (the inception date) until 2021. To provide a better overview of this notion, the study unfolds a deeper understanding of this term throughout the systematic literature review (SLR).

Design/methodology/approach

The study applies a systematic literature review (SLR) by analyzing the sample of 185SEW articles extracted from the Scopus database. To identify all relevant studies, the article selection process was carefully designed and divided into two phases with clear steps: identification of studies via databases and identification of studies via previous studies' reference lists. Selected studies were analyzed using the Bibliometrix R-tool, resulting in an analysis of the evolution of the trends in the SEW literature, citation analysis, and network analysis. Finally, this SLR included the content analysis of the 25 most-cited SEW articles.

Findings

The study provides a relevant and comprehensive overview facilitating empirical and theoretical research in this field and paving the way to develop new themes. The bottom line of the important findings is that the SEW concept is relatively new, alluding to a wealthy venue for future works. Other results and implications are discussed on the family business and SEW theme. Additionally, the study provides suggestions which could be used for future works in this area.

Originality/value

This is the first article related to the SEW concept in the family business. It portrays a clear picture of this field, providing relevant information on what has been done, as well as what the future possibilities are that might bode the future horizons in family businesses.

Details

Journal of Family Business Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2043-6238

Keywords

Article
Publication date: 19 September 2022

Ran Lu and Hongjun Zeng

The purpose of this paper is to examine the volatility spillover and lead-lag relationship between the Chicago Board Options Exchange volatility index (VIX) and the major…

Abstract

Purpose

The purpose of this paper is to examine the volatility spillover and lead-lag relationship between the Chicago Board Options Exchange volatility index (VIX) and the major agricultural future markets before and during the Coronavirus disease 2019 (COVID-19) outbreak.

Design/methodology/approach

The methods used were the vector autoregression-Baba, Engle, Kraft and Kroner-generalized autoregressive conditional heteroskedasticity method, the Wald test and wavelet transform method.

Findings

The findings indicate that prior to the COVID-19 outbreak, there was a two-way volatility spillover impact between the majority of the sample markets. In comparison, volatility transmission between the VIX index and the agricultural future market was significantly lower following the COVID-19 outbreak, the authors observed greater coherence at higher frequencies than at lower frequencies, implying that the interdependence between the two VIX indices and the agricultural future market was stronger over a longer time-frequency domain and the VIX’s signalling effect on various agricultural future prices after the COVID-19 outbreak was significantly lower.

Originality/value

The authors conducted the first comprehensive investigation of the VIX’s correlation with major agricultural futures, especially during COVID-19. The findings contribute to a better understanding of the risk transmission mechanism between the VIX and major agricultural commodities futures contracts. And our findings have significant implications for investors and portfolio managers, as well as for policymakers who are concerned about the price of agricultural futures.

Details

Studies in Economics and Finance, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1086-7376

Keywords

Article
Publication date: 4 October 2022

Sivakumar Sundararajan and Senthil Arasu Balasubramanian

This study examines the dynamic linkages between the Indian Nifty index futures traded on the offshore Singapore Exchange (SGX) and US stock indices (DJIA, NASDAQ and S&P…

Abstract

Purpose

This study examines the dynamic linkages between the Indian Nifty index futures traded on the offshore Singapore Exchange (SGX) and US stock indices (DJIA, NASDAQ and S&P 500) under the closure of the spot market for Nifty futures.

Design/methodology/approach

With high-frequency 5-min overlapping price data, the authors employ the Johansen cointegration test to investigate long-run relationships, the Granger causality test to assess short-run dynamics and the BEKK-GARCH model for volatility spillover investigation.

Findings

The empirical findings reveal that the SGX Nifty futures market is cointegrated with the US DJIA market. The US DJIA stock index strongly influences the price discovery of SGX Nifty futures and past innovations in the US markets strongly impact the current volatility of SGX Nifty futures.

Practical implications

Findings from this study have significant implications for market participants, particularly foreign investors and portfolio managers. These findings might be helpful for market participants to improve the prediction power of expected SGX Nifty futures price and volatility, especially under the closure of the spot market. Also, SGX market participants can take the significant role of the US market into account when formulating hedging and trading strategies with Indian Nifty futures. Besides, our findings have significant implications for policymakers in evaluating market stability.

Originality/value

This article adds to the very limited research on offshore or international stock index futures; it is the first study that empirically examines the international linkages of offshore SGX Nifty futures under the closure of its underlying spot market and also the driving force behind the linkages.

Details

Managerial Finance, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0307-4358

Keywords

Abstract

Details

Building Blocks for Sustainable Transport
Type: Book
ISBN: 978-0-85-724516-8

Abstract

Details

Black Youth Aspirations
Type: Book
ISBN: 978-1-80262-025-2

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