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Article
Publication date: 25 December 2020

Veena Madaan and Monica Shrivastava

This paper investigates herding behavior and its persistence among foreign institutional investors (FIIs) in the individual stocks of the energy sector of Indian stock exchange by…

Abstract

Purpose

This paper investigates herding behavior and its persistence among foreign institutional investors (FIIs) in the individual stocks of the energy sector of Indian stock exchange by focusing on post turmoil period. The study also examines the relation of herding with the individual return, market return, trading volume and conditional volatility of individual and market return.

Design/methodology/approach

The presence of herding is investigated by Lakonishok et al. (1992) model, value-based and count-based herd ratio measure among FIIs in individual stock of energy sector post turmoil period. Further, run test was employed to check the persistency in herding and multivariate distributed lag to investigate the relationship with the market determinant.

Findings

The result indicates the existence of herding in most of the companies and strong persistence in all the companies. The intensity of buy side herding is higher than sell side. Herding and individual return both are significant driving forces of FIIs herding, while trading volume and market volatility in few companies exhibit inverse relationship.

Research limitations/implications

This study is limited to investigation of energy sector stock.

Social implications

Stock market is significantly influenced by FIIs and their propensity to herd may generate instability in the stock market. Therefore, regulatory authority should continuously monitor the flow of fund by FIIs.

Originality/value

Herding in the individual stock of the energy sector was not previously performed.

Details

South Asian Journal of Business Studies, vol. 11 no. 2
Type: Research Article
ISSN: 2398-628X

Keywords

Article
Publication date: 30 November 2021

Shilpi Gupta and Monica Shrivastava

The study aims to understand the impact of loss aversion and herding on investment decision of retail investors. The study further evaluates the mediating role of fear of missing…

3127

Abstract

Purpose

The study aims to understand the impact of loss aversion and herding on investment decision of retail investors. The study further evaluates the mediating role of fear of missing out (FOMO) in retail investors on these relationships.

Design/methodology/approach

The study employed questionnaire survey to collect data from retail investors of Indian stock market. Total 323 data were collected. The collected data were examined using SmartPLS. Factor analysis and partial least square structural equation modeling were employed for fulfilling the objectives of the study.

Findings

The results of the study revealed that investment decisions of retail investors are significantly influenced by loss aversion, herd behavior as well as FOMO. Assessing the impact of herd behavior and loss aversion on investment decision in presence and absence of FOMO exposed that FOMO partially mediates these relations. The mediation was complementary in nature as the presence of FOMO increased the influence of loss aversion and herd behavior on retail investor's investment decisions.

Practical implications

Behavioral predispositions are accountable for numerous irregularities in stock markets. Thus, it is quite substantial to realize the stimulus of these partialities on investment decisions. The outcomes of this study would help financial planners and investors to keep in mind the different ways their decision outcomes could be biased and try to ignore them.

Originality/value

Though there have been many studies conducted on behavioral biases and their impact on investment decisions, there are very few studies that have taken into account the FOMO factor in investment, in context of the behavioral biases. Theoretically, FOMO has been linked with herd behavior and greed of earning more, but there are very few empirical supports to this fact. Thus, this study is an attempt to fill this gap by examining the role of FOMO on investment decisions and the different biases associated with it.

Details

International Journal of Emerging Markets, vol. 17 no. 7
Type: Research Article
ISSN: 1746-8809

Keywords

Article
Publication date: 5 February 2018

Harriette Bettis-Outland and Monica D. Guillory

This paper aims to illustrate the interface between emotional intelligence (EI), trust and organizational learning in the context of a trade show environment.

Abstract

Purpose

This paper aims to illustrate the interface between emotional intelligence (EI), trust and organizational learning in the context of a trade show environment.

Design/methodology/approach

Theoretical underpinnings of this conceptual study include appraisal theory of emotions. Propositions are presented that suggest positive relationships between antecedent variables, EI and trust, contrasted with the dependent variable, organizational learning.

Findings

Organizational learning is generally considered to be a benign activity, created by the acquisition and dissemination of new information. The outcome of organizational learning is the development of new knowledge that ultimately results in a shared interpretation among members of the organization. This paper suggests that a lack of EI, defined as “the ability to perceive and express emotion, assimilate emotion in thought, understand and reason with emotion, and regulate emotion in the self and others” (Mayer et al., 2000, p. 396), casts doubt on the motives of newly acquired information. Consequently, low levels of EI can inhibit the acceptance of new information, leading to a reduction of learning by the organization.

Originality/value

This paper extends the concept of organizational learning by incorporating EI and trust as antecedents of organizational learning. Previous research suggests a direct relationship between information acquisition, dissemination and organizational learning. This study implies that other factors can intervene after information is acquired, thereby affecting whether newly acquired information is fully incorporated into the organizational learning process.

Details

Journal of Business & Industrial Marketing, vol. 33 no. 1
Type: Research Article
ISSN: 0885-8624

Keywords

Article
Publication date: 19 January 2021

Mónica Ramos-Mejía, Sebastián Dueñas-Ocampo and Isabella Gomati de la Vega

The purpose of this paper is to uncover the ways in which companies either reproduce or challenge the growth-based roots of the social imaginary, in order to inform the degrowth…

Abstract

Purpose

The purpose of this paper is to uncover the ways in which companies either reproduce or challenge the growth-based roots of the social imaginary, in order to inform the degrowth debate at the firm level.

Design/methodology/approach

This paper offers an epistemic analysis of the ways companies organise, revealing underlying conceptions of organisations' identities and their corresponding ways of organising.

Findings

The epistemic analysis derives four conceptual findings allowing the authors to suggest ways of organising in a socio-environmental future not driven by economic growth. The paper suggests new research avenues to study alternative worldviews in organisations.

Originality/value

This paper creatively contributes to the discussion about alternatives to the current unsustainable economy with a special focus on the micro level, where businesses act as a vital driving force for economic growth.

Details

International Journal of Sociology and Social Policy, vol. 41 no. 11/12
Type: Research Article
ISSN: 0144-333X

Keywords

Book part
Publication date: 24 November 2014

Ralph Bathurst and Anne Messervy

Bill Clinton is exemplary of a new conception of leadership appropriate for the 21st century. In spite of his sexual proclivities (for which he received harsh criticism and…

Abstract

Bill Clinton is exemplary of a new conception of leadership appropriate for the 21st century. In spite of his sexual proclivities (for which he received harsh criticism and impeachment proceedings) Clinton’s physicality signals an end of a Gnostic view of leadership that separates the knowing head from the rest of the body. We propose that 20th century manifestations of leadership are no longer appropriate for this age, and we illustrate this idea with the ‘reality’ television series Undercover Boss. Further, by exploring artist Peter Robinson’s installation The End of the Twentieth Century we claim that Clinton’s call for inclusivity, a ‘both–and’ approach that characterizes his late- and post-Presidential rhetoric, opens possibilities for alternative constructs that place the body at the heart of leadership. Our exploration of Clinton’s physicality is through his speech to the APEC business leaders in 1999, his commentary on the movie documentary The Hunting of the President and his speech to the 2004 Democratic National Convention. In each of these he reaches out to his audiences through physical and verbal gestures. He pleads for tolerance and understanding so that people may find commonalities among their flaws and differences. Through enacting the physical ‘doing’ of leadership in these instances, Bill Clinton offers an exemplar of re-locating leadership within its physical context.

Details

The Physicality of Leadership: Gesture, Entanglement, Taboo, Possibilities
Type: Book
ISBN: 978-1-78441-289-0

Keywords

Article
Publication date: 27 April 2012

Jessica Bruch and Monica Bellgran

The purpose of this paper is to describe the underlying design information and success factors for production equipment acquisition, in order to support the design of…

Abstract

Purpose

The purpose of this paper is to describe the underlying design information and success factors for production equipment acquisition, in order to support the design of high‐performance production systems.

Design/methodology/approach

The research strategy employed was an in‐depth case study of an industrialization project, together with a questionnaire of 25 equipment suppliers.

Findings

The study provides the reader with an insight into the role of design information when acquiring production equipment by addressing questions such as: What type of information is used? How do equipment suppliers obtain information? What factors facilitate a smooth production system acquisition?

Research limitations/implications

Limitations are primarily associated with the chosen research methodology, which requires further empirical studies to establish a generic value.

Practical implications

The implications are that manufacturing companies have to transfer various types of design information with respect to the content and kind of information. More attention has to be placed on what information is transferred to ensure that equipment suppliers receive all the information needed to design and subsequently build the production equipment. To facilitate integration of equipment suppliers, manufacturing companies should appoint a contact person who can gather, understand and transform relevant design information.

Originality/value

External integration of equipment suppliers in production system design by means of design information is an area that has been rarely addressed in academia and industry.

Details

Journal of Manufacturing Technology Management, vol. 23 no. 4
Type: Research Article
ISSN: 1741-038X

Keywords

Content available
Article
Publication date: 9 January 2017

Anders Örtenblad

1319

Abstract

Details

The Learning Organization, vol. 24 no. 1
Type: Research Article
ISSN: 0969-6474

Article
Publication date: 3 September 2019

Melchior Gromis di Trana, Fabrizio Bava and Pietro Pisoni

The purpose of this paper is to investigate the economic impact of a shift toward a more sustainable model in the wine industry. In particular it aims to identify the business…

Abstract

Purpose

The purpose of this paper is to investigate the economic impact of a shift toward a more sustainable model in the wine industry. In particular it aims to identify the business activities which are more involved in this process under an economic perspective, as well as the strategies applied to guarantee profits.

Design/methodology/approach

This research is based on a single case study: Casa E. di Mirafiore e Fontanafredda. It is one of the main wine producers in Italy as well as one of the main drivers for the diffusion of a sustainable culture in the region.

Findings

The company value chain in the short time is negatively influenced by these changes, but at the same time they are strategic investments able to provide new opportunities for sales and cost reductions.

Research limitations/implications

The work uses a sole case study approach. As theoretical implications the study highlights how the “green shift” may be supported under an economic perspective. And it also shows the need to extend the evaluation over the sole company.

Practical implications

This research reduces an information gap concerning the economic effect produced by a sustainable conversion. It may inspire other companies to perform this evolution.

Originality/value

The research explores how Fontanafredda performed a conversion of its business model toward sustainability. This analysis is performed on the value chain but also over it.

Details

British Food Journal, vol. 122 no. 5
Type: Research Article
ISSN: 0007-070X

Keywords

Article
Publication date: 21 April 2012

Vera Hagemann, Annette Kluge and Sandrina Ritzmann

The purpose of the present study is to introduce the elements characterising the work context of high responsibility teams (HRTs) operating in high reliability contexts such as…

2108

Abstract

Purpose

The purpose of the present study is to introduce the elements characterising the work context of high responsibility teams (HRTs) operating in high reliability contexts such as medicine or aviation. Based on these elements, the authors reflected on the function of teamwork in these contexts, which is strongly dominated by a notion of flexibility under complexity, based on the technical, normative, and governance dimensions of teamwork.

Design/methodology/approach

Problem‐centred interviews (n=11) based on semi‐structured guidelines were conducted. Subsequently, a survey was conducted using a questionnaire inventory in six different HRT work contexts (n=551).

Findings

The interviews and survey results show significant differences regarding, for example, hierarchy or stress posed on the HRTs. However, they also demonstrate relevant similarities regarding, for instance, dimensions of complexity occurring in the teamwork contexts. Both differences and similarities influence how the support systems of the teamwork dimensions should be set up.

Research limitations/implications

The study provided an excellent overview of similar and differing characteristics of the work context of different HRTs. However, it represents six specific HRTs and might not be generalisable to teams in other high reliability organisations, such as in the energy sector.

Practical implications

It is recommended that the characteristics of work contexts in HRTs should be taken into account in order to set up support systems of teamwork dimensions that enable teams to transfer the prevalent safety discourse into safety practice.

Originality/value

The innovative approach, which combines qualitative and quantitative data, provided insights that can be used to support team functioning in the team's specific work context.

Article
Publication date: 1 April 2014

Shwu-Ing Wu and Yu-Chen Wu

This study applied the theory of planned behavior (TPB) to examine the awareness of green management among executives in the Top 5000 corporations (as listed in the China Credit…

2523

Abstract

Purpose

This study applied the theory of planned behavior (TPB) to examine the awareness of green management among executives in the Top 5000 corporations (as listed in the China Credit Information Service (CCIS)). Perceived risk, perceived benefit, justice, moral obligation, control force, and control beliefs were considered antecedents to the three components of the TPB (attitude, subjective norms and perceived behavior control, PBC). The correlation between intention and implementation of green management strategies was examined, as was the combined influence of these two factors on organizational performance. The paper aims to discuss these issues.

Design/methodology/approach

333 valid questionnaires were returned from a sample of the Top 5000 corporations listed in the CCIS. Structural equation modelling was used to verify the causal relationship amongst the green management variables and performance perspectives.

Findings

The results indicate that perceived risk and perceived benefit have a strong correspondence to the expressed attitudes related to green management strategies; justice and moral obligation are correlated with the subjective norm; control force and control belief are correlated with perceived behavior control (PBC). Working in conjunction, the three components of the TPB exert a strong influence on the intentions of managers and their likelihood of implementing green management strategies. These factors further affect organizational performance.

Practical implications

When corporations in the service industry are compared with those in the manufacturing industry, the following five paths show significant differences: control force to PBC, control belief to PBC, attitude to strategic intention, subjective norm to strategic intention, and PBC to strategic intention. These results demonstrate that different industry clusters may lead to different path strengths as a corporation adopts green management strategies.

Originality/value

This study used the TPB to explore green management adoption and was able to clarify the relationship between green management strategies and organizational performance. It is hoped that this study might provide academic as well as practical value.

Details

International Journal of Quality & Reliability Management, vol. 31 no. 4
Type: Research Article
ISSN: 0265-671X

Keywords

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