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The purpose of this study is to empirically assess the relationship between Islamic banking presence in Southeast Asian countries and the economic growth.
Abstract
Purpose
The purpose of this study is to empirically assess the relationship between Islamic banking presence in Southeast Asian countries and the economic growth.
Design/methodology/approach
The presence of Islamic banks is measured by the ratio of Islamic to conventional banking assets as well as the ratio of deposits of Islamic to conventional banking. This study starts by checking the presence of cointegration using Pedroni’s and Westerlund’s specifications; short- and long-run dynamics are further analyzed with the panel autoregressive distributed lag model (ARDL)-based estimators: pooled mean group (PMG), mean group (MG) and dynamic fixed effect (DFE). Furthermore, a two-stage regression [two-stage least squares (2SLS)] was constructed to measure the sensitivity of economic growth to the Islamic banking presence. Quarterly data from Southeast Asian countries cover the period between 2000Q1 and 2012Q4.
Findings
A long-run relationship is evident between economic growth and the Islamic banking presence in the selected region, but not in the short run. Furthermore, the Muslim population share in a given country plays a positive and statistically significant role in fueling the contribution of Islamic banking share in the financial sector on the economic growth.
Social implications
The results of this study show that Sharia-compliant banks succeeded in mobilizing additional resources for the financial sector, which may increase the stability of the banking system and the efficiency of the whole banking sector. The authors believe that the inclusion of Islamic banking products in the financial systems will, along with the diversification effect, stimulate financial deepening and, therefore, improve the financial stability in the countries under investigation in particular, and all countries with significant Muslim population in general.
Originality/value
This study empirically assesses the contribution of Islamic banking presence on the economic growth with a focus on Southeast Asia, as this region encompasses the most developed and experienced institutions in the field of Islamic finance. Error correction-based models such as PMG, MG and DFE lend itself to the analysis of the panel data. This study also uses the instrument-based 2SLS to cope with the endogeneity problem between the real and financial sectors.
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Keywords
Stephan Friedrich von den Eichen, Joerg Freiling and Kurt Matzler
This paper aims to discuss the barriers to successful business model innovation and derive implications for management on how to overcome each barrier, as many attempts to…
Abstract
Purpose
This paper aims to discuss the barriers to successful business model innovation and derive implications for management on how to overcome each barrier, as many attempts to innovate a business model have failed.
Design/methodology/approach
The authors draw on their experience they gained in numerous business model innovation projects and identify barriers that occur along a cycle of business model innovation, the authors use case examples to describe the barriers and derive managerial implications.
Findings
Barriers to successful business model innovation are related to barriers of awareness, search, system, logic and culture. Very often, these barriers are not recognized as such. Overcoming those barriers has to do with openness, with opening, with networking, with affirmation (and mastering) of complexity and thinking and acting in a whole.
Originality/value
With this paper, the authors contribute to a better understanding of why many business model innovations fail, they identify and describe barriers to business model innovation and develop some recommendations for managers on how to overcome the barriers.
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Maria Hepi, Jeff Foote, Jörg Finsterwalder, Moana-o-Hinerangi Moana-o-Hinerangi, Sue Carswell and Virginia Baker
This study aims to understand the engagement between an indigenous social service provider and marginalised clients deemed “hard-to-reach” to gain an insight into how to improve…
Abstract
Purpose
This study aims to understand the engagement between an indigenous social service provider and marginalised clients deemed “hard-to-reach” to gain an insight into how to improve the client’s engagement and well-being through transformative value co-creation.
Design/methodology/approach
The exploratory study’s findings draw on primary data employing a qualitative research approach through document analysis and in-depth interviews with clients, social workers and stakeholders of the focal social service provider in New Zealand.
Findings
The findings indicate that there are inhibitors and enablers of value or well-being co-creation. The lack of client resources and a mismatch between client and social worker are primary barriers. Other actors as well as cultural practices are identified as enablers of well-being improvement.
Research limitations/implications
This research reports on a single social service provider and its clients. These findings may not be readily transferrable to other contexts.
Practical implications
Findings indicate that social service providers require a heightened awareness of the inhibitors and enablers of social service co-creation.
Social implications
Both the integrative framework and the findings provide a sound critique of the prevailing policy discourse surrounding the stigmatisation of members of society deemed “hard-to-reach” and the usefulness of such an approach when aiming at resolving social issues.
Originality/value
This is the first exploratory study that reports on the engagement between a social service provider and its clients in a dedicated Māori (indigenous) context by employing an integrative research approach combining transformative service research, activity theory and engagement theory.
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Florian Saegebrecht, Christian John, Peter Schmiedgen and Jörg Rainer Noennig
The purpose of this paper is a case study evaluation based on a mobile innovation lab experiment – a new training and service format that offers innovation trainings on a mobile…
Abstract
Purpose
The purpose of this paper is a case study evaluation based on a mobile innovation lab experiment – a new training and service format that offers innovation trainings on a mobile basis for schools in rural regions.
Design/methodology/approach
The research aims to connect concepts of “entrepreneurial orientation and education” and “innovation adoption.” The objective of the case study is to test the readiness of pupils and schools for the provided innovation trainings and services to increase innovation capacities.
Findings
The case study is based on an explorative survey of 778 pupils at 18 schools and shows an increased awareness of innovative thinking and entrepreneurial capabilities.
Research limitations/implications
The findings and implications are not generalizable owing to predefined project region and the prototype character. The study offers basic insights into the specific processes and determining factors and mechanisms of innovation promotion in limited spatial work forms.
Practical implications
A mobile innovation environment focused on trainings and modern technologies was created. The workshops strengthened the entrepreneurial intention and potential of pupils to foster long-lasting innovation potential in the region.
Social implications
The tested concept improves the method-based development of creative project ideas, thereby strengthening the regional cohesion and the economic perspective in the project region.
Originality/value
After extensive research, the authors assume there is no comparable concept offering entrepreneurship education and latest technologies in a mobile innovation environment, at the time of submitting this paper.
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Arne Westermann and Jörg Forthmann
The purpose of this paper is to investigate to what extend an automated, algorithm-based analysis of online conversations of stakeholders in social media and other Internet media…
Abstract
Purpose
The purpose of this paper is to investigate to what extend an automated, algorithm-based analysis of online conversations of stakeholders in social media and other Internet media can be used for reputation management.
Design/methodology/approach
Examination of the reputation of the 5,000 companies with the largest number of employees in Germany based on communication with these companies in 350m online sources on the German-speaking Internet within one year. The method is grounded on an adapted reputation model based on Fombrun.
Findings
The central result of the study is the identification of the ideal balance between the different dimensions leading to the best overall reputation. The resulting correlation matrix with the respective correlation coefficients (according to Pearson) thus forms the basis for the optimal reputation architecture.
Research limitations/implications
The discovered “optimal reputation architecture” refers to a German context. Future studies should investigate in how far the adapted model and the “optimal reputation architecture” also work for other cultures. It can be assumed that there may be differences as different dimensions, for example, sustainability, may have a different importance in other cultural contexts. Apart from the question if the “optimal reputation architecture” is also valid for other cultural contexts, the concept has to be validated for German companies as well as it is just based on the two described studies.
Practical implications
The method used shows that social listening can deliver valuable results for research in the field of reputation management as it expands the possibilities to investigate reputation on a large scale. The approach shows in how far scientific research can be expanded beyond classic content analysis as the number of items which can be analysed exceeds that of classic analytical approaches by far. Explicit and implicit experiences, which are the drivers of reputation, can be systematically recorded and analysed using social listening, thus delivering valuable insights in how stakeholders perceive the performance of a company in different dimensions.
Social implications
Measuring the reputation on the basis of social listening is very important for practical applications in companies, because the data is available digitally and can deliver up-to-date reputation values almost in real time – so that the communication can be aligned very quickly with current events. This makes it easier to implement and control the interaction between companies and their environment in the digital space.
Originality/value
The classic approach in reputation management is traditional market research. It is relatively expensive and takes a relatively long time to produce results. Reputation management based on social listening digitises reputation measurement, lowers costs and delivers results in a very timely manner. It might be the future of reputation measurement. This is relevant not only for practical purposes but also for scientific approaches.
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Jörg Finsterwalder and Volker G. Kuppelwieser
This article explores the impact of crises, such as the coronavirus pandemic, on service industries, service customers, and the service research community. It contextualizes…
Abstract
Purpose
This article explores the impact of crises, such as the coronavirus pandemic, on service industries, service customers, and the service research community. It contextualizes pandemics in the realm of disasters and crises, and how they influence actors' well-being across the different levels of the service ecosystem. The paper introduces a resources–challenges equilibrium (RCE) framework across system levels to facilitate service ecosystem well-being and outlines a research agenda for service scholars.
Design/methodology/approach
Literature on disasters, crises, service and well-being is synthesized to embed the COVID-19 pandemic in these bodies of work. The material is then distilled to introduce the novel RCE framework for service ecosystems, and points of departure for researchers are developed.
Findings
A service ecosystems view of well-being co-creation entails a dynamic interplay of actors' challenges faced and resource pools available at the different system levels.
Research limitations/implications
Service scholars are called to action to conduct timely and relevant research on pandemics and other crises, that affect service industry, service customers, and society at large. This conceptual paper focuses on service industries and service research and therefore excludes other industries and research domains.
Practical implications
Managers of service businesses as well as heads of governmental agencies and policy makers require an understanding of the interdependence of the different system levels and the challenges faced versus the resources available to each individual actor as well as to communities and organizations.
Social implications
Disasters can change the social as well as the service-related fabric of society and industry. New behaviors have to be learned and new processes put in place for society to maintain well-being and for service industry's survival.
Originality/value
This paper fuses the coronavirus pandemic with service and well-being research, introduces a resources-challenges equilibrium framework for service ecosystem well-being and outlines a research agenda.
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