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1 – 10 of 45Lennart Nørreklit, Hanne Nørreklit, Lino Cinquini and Falconer Mitchell
The aim of this paper is to propose a basis upon which accounting reporting can be developed to reflect real values and the real economy. It aims to address the environmental…
Abstract
Purpose
The aim of this paper is to propose a basis upon which accounting reporting can be developed to reflect real values and the real economy. It aims to address the environmental considerations discussed in the UN debate (Bebbington and Unerman, 2020) and the concern for a “better life-world”, which is the theme of this special issue.
Design/methodology/approach
Addressing the task involves the application of the philosophy of pragmatic constructivism (which explains how people can relate to their reality in ways that lead to successful action) and the philosophical concept of the “good life” (which establishes the values to be pursued through action and so defines action success). Also, it outlines the necessary characteristics of measurement frameworks if they are to be effective in the development and control of human practices to achieve desired values.
Findings
This paper proposes a conceptual framework for guiding the measurement of how a sustainable good life has improved and/or deteriorated as a result of organisational activities. It outlines a system of concepts on basic and instrumental values for analysing the condition of maintaining a sustainable good life in real terms. This is related to the financial results and societal regulations to analyse and adjust controls according to the real economic goals. Also, it provides a system of value measurands to produce valid information about the development of a sustainable good life. The measurand makes accounting reporting reflect the conditions of the good life that constitute the real economy instead of merely the financial economy driven by shareholder capitalism. Providing tools to analyse whether the existing practices of business and social regulations promote or counteract the real economic goals of producing a sustainable good life means the measurement system proposed makes the invisible hand of the market visible.
Originality/value
The mechanism proposed to enable accounting reporting to reflect real values and the real economy is a new conceptual framework that will allow accounting to more fully realise its potential to contribute to a “better world”. In aiming to serve a sustainable good life, accounting reporting will inherently foster ethical social practices.
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Tingting Liu, Yehui Li, Xing Li and Lanfen Wu
High-tech enterprises, as the national innovation powerhouses, have garnered considerable interest, particularly regarding their technological innovation capabilities…
Abstract
Purpose
High-tech enterprises, as the national innovation powerhouses, have garnered considerable interest, particularly regarding their technological innovation capabilities. Nevertheless, prevalent research tends to spotlight the impact of individual factors on innovative behavior, with only a fraction adopting a comprehensive viewpoint, scrutinizing the causal amalgamations of precursor conditions influencing the overall innovation proficiency of high-tech enterprises.
Design/methodology/approach
This paper employs a hybrid approach integrating necessary condition analysis (NCA) and fuzzy-set qualitative comparative analysis (fsQCA) to examine the combinatorial effects of antecedent factors on high-tech enterprises' innovation output. Our analysis draws upon data from 46 listed Chinese high-tech enterprises. To promote technological innovation within high-tech enterprises, we introduce a novel perspective that emphasizes technological innovation networks, grounded in a network agents-structure-environment framework. These antecedents are government subsidy, tax benefits, customer concentration, purchase concentration rate, market-oriented index and innovation environment.
Findings
The findings delineate four configurational pathways leading to high innovative output and three pathways resulting in low production.
Originality/value
This study thereby enriches the body of knowledge around technological innovation and provides actionable policy recommendations.
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Fateh Saci, Sajjad M. Jasimuddin and Justin Zuopeng Zhang
This paper aims to examine the relationship between environmental, social and governance (ESG) performance and systemic risk sensitivity of Chinese listed companies. From the…
Abstract
Purpose
This paper aims to examine the relationship between environmental, social and governance (ESG) performance and systemic risk sensitivity of Chinese listed companies. From the consumer loyalty and investor structure perspectives, the relationship between ESG performance and systemic risk sensitivity is analyzed.
Design/methodology/approach
Since Morgan Stanley Capital International (MSCI) ESG officially began to analyze and track China A-shares from 2018, 275 listed companies in the SynTao Green ESG testing list for 2015–2021 are selected as the initial model. To measure the systematic risk sensitivity, this study uses the beta coefficient, from capital asset pricing model (CPAM), employing statistics and data (STATA) software.
Findings
The study reveals that high ESG rating companies have high corresponding consumer loyalty and healthy trading structure of institutional investors, thereby the systemic risk sensitivity is lower. This paper reveals that companies with high ESG rating are significantly less sensitive to systemic risk than those with low ESG rating. At the same time, ESG has a weaker impact on the systemic risk of high-cap companies than low-cap companies.
Practical implications
The study helps the companies understand the influence of market value on the relationship between ESG performance and systemic risk sensitivity. Moreover, this paper explains explicitly why ESG performance insulates a firm’s stock from market downturns with the lens of consumer loyalty theory and investor structure theory.
Originality/value
The paper provides new insights on the company’s ESG performance that significantly affects the company’s systemic risk sensitivity.
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Huong Bui, Long Hong Pham, Ngoc Pham, Phuong Anh Dang, Quynh Bui, Dung Nguyen, Thuy T. Duong, Chung Nguyen and Hiroaki Saito
Vietnam has repositioned itself from a war-torn country to a popular tourist destination. Although research on Vietnam tourism has grown in number, a macro analysis of national…
Abstract
Purpose
Vietnam has repositioned itself from a war-torn country to a popular tourist destination. Although research on Vietnam tourism has grown in number, a macro analysis of national tourism governance and policies has largely been missing.
Design/methodology/approach
This synthesis paper offers a systemic analysis of Vietnam’s tourism accommodating intensified government intervention and dramatic market changes in recent decades. The authors offer a chronological analysis of tourism development along with the major political and economic turns of the country.
Findings
The patterns of tourism development reflect a compromise between centralization and decentralization of the governance system and a trade-off between economic and social objectives of development. Balancing these opposites, the internal strength of the domestic market and the resilience of communities and businesses become key assets for growth in circumstances where the socialist market economy continues to inform the current and future development of the industry.
Research limitations/implications
Although the case of Vietnam is unique, the adaptive mechanism of the tourism industry highlighted in this paper offers a useful lesson for other developing countries. The research addresses tourism in the political economy in developing countries, which is valuable for researchers, policy analysts as well as practitioners in tourism.
Practical implications
The practical contribution of the study is derived from authors’ academic and industrial backgrounds. Findings from the study serve as a useful reference for those who embark on the study of tourism governance and policy-making in developing countries and problems associated with the economic transitional process. Those problems of the disparity between centralization and decentralization of the political system might not be only significant in Vietnam, but also prevail in developing countries. Thus, this study offers a point of departure for future empirical and comparative research on the kindship of tourism and political economy in a full scale.
Social implications
The transitional economy as viewed through the tourism industry is prominently presented in the “evolutionary” approach to the transitional economy, which exhibits several unique features: the transition from a centrally planned (command) economy to a market economy and the manifestations of a socialist orientation in the modern economic management system (Vuong et al., 2019). While data from this study is mainly illustrative of the first point, the transition from a planned economy to a market economy, the second characteristic, the manifestation of a social orientation has only slightly been addressed and will need further elaboration in a future study. While Vietnam’s tourism positions itself in a socialist market-oriented economy might set a unique case, the study highlights the politics of tourism is shaped by the politico-economic system. The authors conclude that the adaptation of Vietnam tourism to a socialist market-orientated economy is better perceived as a social evolution achievement rather than a feature of capitalism.
Originality/value
The latest study on tourism governance (Bui et al., 2022) has outlined the evolution of the tourism administrative system and markets in the country; however, linkages of tourism to the broader political economic system have yet to be addressed. Addressing this gap, the authors carry out analysis of policies and governance from the insider’s viewpoint, when team members have been involved in numerous tourism planning and development projects, both on international and national scales. The practical experience along with thorough review of literature and statistical data contributes to shaping a fresh understanding of tourism in a transitional economy.
设计/方法论/途径
这篇综述对越南旅游业进行了系统ĺ†ćž, ĺŚ…ć‹¬čż‘ĺ‡ ĺŤĺą´ćťĄä¸Ťć–增强的政府干预以及巨大的市场ĺŹĺŚ–ă€‚ä˝śč€…ć ąćŤ®ć—¶é—´éˇşĺşŹĺ†ćžäş†ć—…游业的发展以及该国的主č¦ć”żć˛»ĺŹŠç»ŹćµŽçš„转ĺŹă€‚ć¤ĺ¤–, 政ç–文件的内容ĺ†ćžĺŹŠć—…游市场ĺ†ćžčż›ä¸€ćĄčŻ´ćŽäş†ć”żć˛»ç»ŹćµŽä˝“系对旅游治ç†ĺŹŠć”żç–的影响。
目的
越南已将自己从一个饱受ć争的国家重新定位ćĺ¤‡ĺŹ—ć¬˘čżŽçš„ć—…ć¸¸ç›®çš„ĺś°ă€‚ĺ°˝ç®ˇĺŻąč¶ŠĺŤ—ć—…ć¸¸ä¸šçš„ç ”ç©¶ä¸Ťć–增多, 但对国家旅游治ç†ĺ’Ść”żç–的宏观ĺ†ćžĺŤ´č˘«äą‹ĺ‰Ťçš„探究所忽略。ć¤ç ”究通过展示越南转型经济ä¸çš„旅游治ç†ć¨ˇĺĽŹčżžćŽĄäş†ä¸¤ä¸Şĺ¦ç§‘, 并且丰富了政治经济ĺ¦ĺ’Ść—…游ĺ¦çš„文献。
研究结果
旅游政ç–和市场ĺ†ćžĺŹŤĺş”了治ç†ä˝“系集ćťä¸Žĺ†ćťäą‹é—´çš„ćŠä¸ä»ĄĺŹŠç»ŹćµŽĺ’Śç¤ľäĽšĺŹ‘ĺ±•ç›®ć ‡äą‹é—´çš„ćťčˇˇă€‚国内市场的内在äĽĺŠżä»ĄĺŹŠç¤ľĺŚşĺŹŠäĽä¸šçš„韧性可以ć为ć长的关键资产来平衡这些对立面, ĺŚć—¶ç¤ľäĽšä¸»äą‰ĺ¸‚场经济将继ç»ĺ˝±ĺ“Ťäş§ä¸šçš„ĺ˝“ĺ‰ŤĺŹŠćśŞćťĄçš„ĺŹ‘ĺ±•ă€‚ĺ› ć¤ć‘们的结论ćŻ, 越南旅游业适应社会主义市场经济应该被视为社会进化的ćĺ°±, 而不ćŻčµ„本主义的特ĺľă€‚
研究局限/应用
č€č™‘ĺ°ä¸€çŻ‡ć–‡ç« 所č˝č§Łĺ†łçš„é—®é˘ćś‰é™, ä˝śč€…ć— ćł•ĺ°±č˝¬ĺž‹ç»ŹćµŽä¸Žä¸ĺ›˝čż›čˇŚćŻ”čľç ”究。ć‘ä»¬çš„ç ”ç©¶ä¸şćśŞćťĄäşšć´˛ć—…ć¸¸ä¸Žć”żć˛»ç»ŹćµŽäą‹é—´č”系的实čŻĺ’ŚćŻ”čľç ”究ćŹäľ›äş†ä¸€ä¸Şĺ‡şĺŹ‘点。
实践意义
ç ”ç©¶ç»“ćžśä¸şĺŹ‘ĺ±•ä¸ĺ›˝ĺ®¶ć—…游治ç†ĺ’Ść”żç–ĺ¶ĺ®šç ”究ćŹäľ›äş†ćś‰ç›Šçš„参č€ă€‚
社会影响
ç ”ç©¶ç»“ćžśĺŻąäşŽĺŹ‘ĺ±•ä¸ĺ›˝ĺ®¶ć—…游治ç†ĺŹŠć”żç–ĺ¶ĺ®šç ”究具有重č¦ĺŹ‚č€ć„Źäą‰ă€‚čż™éˇąç ”ç©¶çš„ć果对于发展ä¸ĺ›˝ĺ®¶çš„旅游政ç–ĺ†ćžĺ¸, 特ĺ«ćŻäşšć´˛çš„ç ”ç©¶äşşĺ‘来说ĺľćś‰ä»·ĺ€Ľă€‚
原创性/价值
ĺ˝“ĺ‰Ťçš„ç ”ç©¶ĺĽĄčˇĄäş†ć”żć˛»ç»ŹćµŽĺ¦ä¸çš„ä¸€ä¸Şç ”ç©¶ä¸Ťč¶ł, 即马克思主义ĺ¦čŻ´ĺŹŠĺ…¶ä¸Žć—…游业的对话。知识转移ćŻćś¬ç ”究的一个亮点, ĺ®ćşč‡ŞĺŻąĺ›˝ĺ®¶ć”żć˛»ç»ŹćµŽč®®ç¨‹ä¸çš„旅游治ç†çš„批ĺ¤ć€§ĺ†ćžă€‚
Objetivo
Vietnam ha pasado de ser un paĂs devastado por la guerra a convertirse en un popular destino turĂstico. Aunque la investigaciĂłn sobre el turismo en Vietnam ha crecido en nĂşmero, ha faltado en gran medida un macroanálisis de la gobernanza y las polĂticas turĂsticas nacionales. Nuestra investigaciĂłn ha enriquecido la literatura tanto de la economĂa polĂtica como del turismo tendiendo un puente entre ambas disciplinas al presentar las pautas de la gobernanza del turismo en la economĂa de transiciĂłn de Vietnam.
Diseño/metodología/enfoque
Este documento de sĂntesis ofrece un análisis sistemático del turismo de Vietnam que abarca la intensificaciĂłn de la intervenciĂłn gubernamental y los drásticos cambios del mercado en las Ăşltimas dĂ©cadas. Los autores ofrecen un análisis cronolĂłgico del desarrollo del turismo junto con los principales giros polĂticos y econĂłmicos del paĂs. Además, el análisis del contenido de los documentos polĂticos y el análisis del mercado turĂstico ilustran mejor las repercusiones de los sistemas polĂtico-econĂłmicos en la gobernanza y las polĂticas turĂsticas.
Resultados
Las polĂticas turĂsticas y el análisis del mercado revelan un compromiso entre la centralizaciĂłn y la descentralizaciĂłn del sistema de gobernanza y un compromiso entre los objetivos econĂłmicos y sociales del desarrollo. Al equilibrar estos opuestos, la fuerza interna del mercado nacional y la resistencia de las comunidades y las empresas se convierten en activos clave para el crecimiento en unas circunstancias en las que la economĂa de mercado socialista sigue informando el desarrollo actual y futuro de la industria. Concluimos que la adaptaciĂłn del turismo vietnamita a una economĂa socialista orientada al mercado se percibe mejor como un logro de la evoluciĂłn social que como una caracterĂstica del capitalismo.
Limitaciones/implicaciones de la investigación
Dentro del limitado abanico de cuestiones que podrĂan abordarse en un solo artĂculo, los autores no pueden establecer un estudio comparativo con China, en lo que respecta a la economĂa de transiciĂłn. Nuestro estudio ofrece un punto de partida para futuras investigaciones empĂricas y comparativas sobre la conexiĂłn entre turismo y economĂa polĂtica en Asia.
Implicaciones prácticas
Las conclusiones del estudio sirven de referencia Ăştil para quienes se embarcan en el estudio de la gobernanza y la formulaciĂłn de polĂticas turĂsticas en los paĂses en desarrollo.
Implicaciones sociales
Los resultados de la investigaciĂłn son valiosos para los investigadores del sudeste asiático en particular y para los analistas de la polĂtica turĂstica del mundo en desarrollo en general.
Originalidad/valor
La presente investigaciĂłn contribuye a un área poco investigada de la economĂa polĂtica, a saber, la doctrina marxista y su diálogo con el turismo. La transferencia de conocimientos es un aspecto destacado de esta investigaciĂłn, que se ha derivado de un análisis crĂtico de la gobernanza del turismo en la agenda econĂłmica polĂtica nacional.
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This study aims to investigate the viewpoints of heterodox economic thoughts and Islamic economic thought concerning the concept of waste. Additionally, it explores the shared…
Abstract
Purpose
This study aims to investigate the viewpoints of heterodox economic thoughts and Islamic economic thought concerning the concept of waste. Additionally, it explores the shared criticisms that both perspectives hold against mainstream economic thought in relation to waste.
Design/methodology/approach
First of all, the concept of waste is examined and the global effects of waste are investigated. Criticisms directed in the context of waste in mainstream economics in the context of heterodox school thoughts are examined. Likewise, criticisms directed in the context of waste in mainstream economics in the context of Islamic economic thoughts are examined. Finally, the common and different aspects of heterodox and Islamic economic thoughts were discussed, and the common criticisms of mainstream economic thought’s point of view toward waste were examined. This study is a theoretical, qualitative study.
Findings
Although both ideas have different aspects, heterodox and Islamic economic thoughts believe that the mainstream economy, which is based on capitalism and materialism, creates waste by ignoring the long-term social and environmental consequences of economic activity. They argue that the pursuit of profits and growth, without considering the impact on society and the environment, leads to an inefficient and unsustainable use of resources.
Originality/value
The best author’s knowledge, by emphasizing the common and different aspects of Islamic economics and heterodox thoughts, this study is the first to examine the concept of waste in the context of the common aspects of these ideas.
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The microfinancing sector is infamous for being prone to high credit risks due to loan defaults by its poor borrowers. Conversely, the sector is also criticized for creating debt…
Abstract
Purpose
The microfinancing sector is infamous for being prone to high credit risks due to loan defaults by its poor borrowers. Conversely, the sector is also criticized for creating debt traps for the poor. The dual nature of these peculiar problems in microfinancing causes the market failure phenomenon. Therefore, the current study explores whether public policy intervention is required to address market failure.
Design/methodology/approach
The study undertakes a critical review of existing literature, the news, the policy documents and other publicly available information to shape the viewpoints in this study. Constructive criticism is used to build arguments to arrive at a conceptual framework that depicts how public policy should interact with markets to address the peculiar problems of the microfinancing sector.
Findings
The findings indicate that market failure in microfinancing is real and pressing. Therefore, public policy is invited, though in its limited form. While the policy intervention may help the formal microfinancing arena by regulating the interest rates, the policy administration in the informal sector is likely to fail. Therefore, the policy should attempt to create an environment of inclusiveness. Policies that rely on coercion are not recommended. In the long run, subsidies via policy intervention are discouraged. Instead, the policy should motivate the microfinancing sector to become self-reliant.
Originality/value
The study is one of its kind to provide perspectives on specific market failures and policy interventions in microfinancing, particularly in economies where formal and informal sectors coexist and are equally crucial.
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Zhenting Xu, Xianmiao Li and Xiuming Sun
This study aims to explore the enabling and suppressing effects of leader affiliative and aggressive humor on employee knowledge sharing form the lens of emotional contagion…
Abstract
Purpose
This study aims to explore the enabling and suppressing effects of leader affiliative and aggressive humor on employee knowledge sharing form the lens of emotional contagion process, which provides theoretical reference for the applications of different leader humor style, thereby enhancing employee knowledge sharing.
Design/methodology/approach
This study collected three waves of data and surveyed 379 employees in China. Regression analysis, bootstrapping and latent moderation structural equation were adopted to test the hypotheses.
Findings
Leader affiliative humor has a positive impact on employee knowledge sharing, whereas leader aggressive humor has a negative impact on employee knowledge sharing. Positive emotion plays a mediating role between leader affiliative humor and employee knowledge sharing, and negative emotion plays a mediating role between leader aggressive humor and employee knowledge sharing. Moreover, supervisor–subordinate Guanxi moderates the relationship between leader affiliative humor and positive emotion, and between leader aggressive humor and negative emotion, respectively.
Originality/value
This study not only adds to the knowledge sharing literature calling for the exploration of antecedents and mechanism of employee knowledge sharing, but also contributes to our comprehensive understanding of the suppressing and enabling effects of leader humor style on employee knowledge sharing. Besides, this study also unpacks the dual-path mechanism and boundary condition between leader humor style and employee knowledge sharing and augments the theoretical explanations of emotional contagion theory between leader humor style and employee knowledge sharing.
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This article conceptualizes and constructs a comprehensive framework that can better help to answer that question – Who is accountable for social and public problems?  
Abstract
Purpose
This article conceptualizes and constructs a comprehensive framework that can better help to answer that question – Who is accountable for social and public problems? – theoretically and practically.
Design/methodology/approach
Tracing the drivers behind two phenomena “accountability hole” and “accountability black hole”, stemming from “pushing power game” and “pulling power game”, respectively, this study considers (1) the three actors of society: citizens (civil society), corporations (market) and civil servants (government), and (2) the principal-agent relationship between the three actors in the face of social and public problems. As a result, the 4CAs framework that contains the three actors’ collaborative accountabilities to one another is presented.
Findings
The 4CAs model emphasizes (1) all three actors function as agents that are accountable to one another, (2) collaborative accountability beyond collaborative governance and (3) repowering citizens and corporations beyond just empowering them, i.e. returning their inherent rights and obligations to serve one another.
Originality/value
The 4CAs model may function as a descriptive and prescriptive lens through which the trilemma between market failure, government failure and citizen failure can be re-assessed and balanced. The model can also be used as a set of indicators for assessing and helping a society to better resolve the social and public problems collectively.
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Heng (Emily) Wang and Xiaoyang Zhu
The dissemination of misleading and false information through media can jeopardize a company’s reputation, thus posing a threat to its stock and performance. Institutional…
Abstract
Purpose
The dissemination of misleading and false information through media can jeopardize a company’s reputation, thus posing a threat to its stock and performance. Institutional investors are known to influence capital markets. Therefore, this paper investigates whether institutional investors engage in shaping the media sentiment stock nexus, stabilize company stocks and enhance performance.
Design/methodology/approach
We first investigate the effect of media sentiment on market reactions by using panel regression models. To examine the role of institutional investors, we design a quasi-experiment by exploiting the Financial Crisis of 2008 and go further by examining the heterogeneity across levels of institutional ownership. Due to risk-averse, investors may respond asymmetrically to pessimistic and positive sentiment. Accordingly, we split the sample into two sub-types, good news and bad news, based on keywords representing positive or negative content.
Findings
We find supportive evidence that institutional investors have impacts on how the markets react to media news, and the impacts are heterogeneous in the face of bad and good news. We conjecture that institutional investors act as a stabilizer of stock prices through media sentiment management.
Originality/value
This paper confirms the distinctive effects of institutional investors on capital markets, and uncovers the behind-the-scenes intervention and possible causal link running from institutional investors to media sentiment management. It contributes to the broad field of institutional investors' behavior, media news involvement in capital markets and market efficiency.
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Alan Bandeira Pinheiro, Joina Ijuniclair Arruda Silva dos Santos, Marconi Freitas da Costa and Wendy Beatriz Witt Haddad Carraro
This research paper aims to examine the influence of greater female participation on the board of directors on the environmental transparency of companies.
Abstract
Purpose
This research paper aims to examine the influence of greater female participation on the board of directors on the environmental transparency of companies.
Design/methodology/approach
To achieve the purpose of this study, the authors analyzed the environmental transparency of 412 companies in the energy sector, headquartered in 19 countries, during a four-year period (2016 to 2019).
Findings
The data reveal that gender diversity has a positive effect on the environmental transparency of companies in developed countries and on the total model. Furthermore, after removing the US companies, the results remained the same, indicating that companies with more women on the board tend to have greater environmental transparency. Regarding corporate governance variables, the results show that companies that have a corporate social responsibility committee tend to have greater environmental transparency, both in emerging countries and in developed countries.
Practical implications
The findings indicate that if companies aim to have greater environmental transparency, they must encourage female participation on boards, giving them equal opportunities for professional growth. Organizations must deconstruct the ideology that women are fewer valuable members of their boards, which limits their contribution to organizational success. Additionally, regulators can encourage greater female participation on boards through the implementation of quota laws.
Originality/value
The authors’ evidence indicates that the presence of women on board is an antecedent of greater quality in the dissemination of environmental information. Thus, managers of companies in the energy sector must understand that diversity on the board affects communication with its stakeholders through environmental transparency.
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