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Article
Publication date: 21 November 2016

Patricio Duran

The purpose of this paper is to offer an institutional perspective of the Martin and Gomez-Mejia model. Specifically, this paper offers arguments of how institutions…

Abstract

Purpose

The purpose of this paper is to offer an institutional perspective of the Martin and Gomez-Mejia model. Specifically, this paper offers arguments of how institutions moderate the socioemotional wealth (SEW) and financial performance relationship.

Design/methodology/approach

This is an individual commentary that explores country-level institutional contingencies that affect the predicted effect of SEW dimensions upon financial performance offered by Martin and Gomez-Mejia.

Findings

The paper offers arguments of how both formal and informal institutions, such as the legal protection of minority shareholders, labor and investors; freedom of expression and information; and the country’s culture, exacerbate or ameliorate the predicted effect of the five SEW dimensions upon financial performance.

Originality/value

By exploring an institutional perspective of the socioemotional and financial wealth relationship, this commentary offers additional boundary conditions to those offered by Martin and Gomez-Mejia to further refine their theory.

Details

Management Research: Journal of the Iberoamerican Academy of Management, vol. 14 no. 3
Type: Research Article
ISSN: 1536-5433

Keywords

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Article
Publication date: 17 January 2020

Marc van Essen, Pursey P.M.A.R. Heugens, Patricio Duran, Sabrina F. Saleh, Steve Sauerwald, Hans van Oosterhout and En Xie

The purpose of this study is to investigate how concentrated owners add value to Asian firms. While prior research suggests that relational owners (i.e., business groups…

Abstract

Purpose

The purpose of this study is to investigate how concentrated owners add value to Asian firms. While prior research suggests that relational owners (i.e., business groups, top management team, board, government, banks, families, and corporation) may help firms fill institutional voids, this study proposes that it is transactional owners (i.e., foreign and institutional investors) lacking this ability who contribute most to firm performance. As these owners frequently hail from contexts with well-developed corporate governance traditions, they tend to have experience with the design and implementation of such governance practices.

Design/methodology/approach

This study involves a meta-analysis covering 276 studies from 17 Asian countries.

Findings

This study shows that transactional owners impose effective governance practices such as separating the chief executive officer (CEO) and Chair roles and assuring board independence. These practices promote decisions benefiting all shareholders, such as preventing diversification and financial over-leveraging.

Originality/value

This study contributes to the comparative corporate governance literature by showing that implementing internal governance practices helps improve firm performance in Asia. It also contributes to the owner identity literature by opening the black box of how transactional and relational owners differentially affect firms’ strategic behavior. Overall, this study yields a more nuanced understanding of what transactional owners contribute to Asian firms.

Details

Multinational Business Review, vol. 28 no. 1
Type: Research Article
ISSN: 1525-383X

Keywords

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Article
Publication date: 10 August 2018

Alvaro Cuervo-Cazurra, Jorge Carneiro, Diego Finchelstein, Patricio Duran, Maria Alejandra Gonzalez-Perez, Miguel A. Montoya, Armando Borda Reyes, Maria Tereza Leme Fleury and William Newburry

This paper aims to analyze how emerging market firms upgrade their capabilities by focusing on “uncommoditizing strategies” that enable them to achieve levels of…

Abstract

Purpose

This paper aims to analyze how emerging market firms upgrade their capabilities by focusing on “uncommoditizing strategies” that enable them to achieve levels of international competitiveness beyond the comparative advantages of their home countries and serve markets with premium pricing, quality and reputation of products.

Design/methodology/approach

In this paper, the authors studied 18 Latin American companies across six countries. Latin America represents an ideal setting because many of these countries have traditionally developed using natural resource endowments, and their firms have tended to rely on these in their internationalization. To facilitate the analysis of each case and the comparisons across cases, the authors used the same analytical framework for the companies, identifying the sources of differentiation and cost efficiency strategies that enabled these firms to upgrade their capabilities and compete on the basis of premium pricing, quality and reputation.

Findings

The analysis identified a general framework that represents an abstraction of the actions taken by these companies over time. The proposed model consists of three main elements used to pursue uncommoditizing strategies: tropicalized innovation, global efficiency and coordinated control.

Originality/value

Recent research on emerging market firms has shown interest in how these firms upgrade their capabilities. This paper contributes to this stream of research by providing an overarching framework that not only bridged previous narrower studies but also explained how firms can develop uncommoditizing strategies to upgrade their capabilities. Further, this paper helps managers by providing a comprehensive yet succinct overview of the main strategies that they can use to help their firms to achieve international competitiveness.

Details

Multinational Business Review, vol. 27 no. 2
Type: Research Article
ISSN: 1525-383X

Keywords

Content available
Article
Publication date: 21 November 2016

Martin Larraza-Kintana

Abstract

Details

Management Research: Journal of the Iberoamerican Academy of Management, vol. 14 no. 3
Type: Research Article
ISSN: 1536-5433

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Article
Publication date: 5 May 2015

Falko Ernst

This paper aims to revisit paradigmatic depictions of organized criminal behavior. Unveiling shortcomings, it asks how contingent manifestations of organized crime can be…

Abstract

Purpose

This paper aims to revisit paradigmatic depictions of organized criminal behavior. Unveiling shortcomings, it asks how contingent manifestations of organized crime can be better grasped by borrowing analytical tools from organizational scholarship.

Design/methodology/approach

The potential for cross-disciplinary fertilization is showcased by reflecting recent transformations of Mexican organized crime. Over a year of close-proximity fieldwork, exclusive first-hand empirical data were gathered on Los Caballeros Templarios, one of Mexico’s principal criminal organizations. Interviews with its leaders were carried out and participant observation conducted amongst local communities.

Findings

Criminal organizations have turned to the local to generate resources vital for their survival. Emerging as forces of alternative governance, the strategic use of organizational legitimacy has gained unprecedented prominence. It acts as an interface for reciprocal criminal-organization–environment influences. Largely neglected, it has driven the mutation of Mexican organized crime and the country’s armed conflict altogether.

Research limitations/implications

The reported findings are of limited scope insofar as they are derived from in-depth data on a single case. Future research would ideally generate such data on further cases, enabling greater theorization qua cross-comparison.

Originality/value

Informed by rare first-hand empirical data, this paper offers exclusive insights into the on-the-ground realities of Mexican organized crime and its role in the fragmentation of social order and governance. This is of interest for scholars, the wider public and policymakers alike. The innovative conceptual approach is easily replicable so as to support similar enquiries.

Details

Journal of Money Laundering Control, vol. 18 no. 2
Type: Research Article
ISSN: 1368-5201

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Article
Publication date: 15 June 2020

Uche Abamba Osakede

This paper aims to analyze the relationship between public health spending and health outcome using time series data in Nigeria over the period 1980 to 2017, taking into…

Abstract

Purpose

This paper aims to analyze the relationship between public health spending and health outcome using time series data in Nigeria over the period 1980 to 2017, taking into account the role of governance by assessing how the quality of governance directly affects health status and indirectly as a mediator for the effectiveness of public health spending.

Design/methodology/approach

Using the Hausman statistical tests to check for the existence of endogeneity, the proper method for estimating the model for this study is the two-stage least square regression model. The two-stage least squares regression model addresses the problem of endogeneity using instrumental variables. The mediating role of governance on the effectiveness of public health spending on health was considered by an interaction of governance indicators with public health spending.

Findings

The results showed that public health spending had no significant effect on health outcome except when interacted with governance quality. The interaction of government health spending with governance effectiveness as well as that for control of corruption improved health by inducing a fall in maternal deaths, whereas government health expenditure interacted with rule of law raised maternal mortality. Public health spending interacted with regulatory quality improved life expectancy while that for political stability with public health spending induced a fall in life expectancy, poor maternal and infant health. Political stability and the control of corruption had direct influence on maternal health.

Practical implications

Given the predominance of public health spending in promoting access to health care and population health status for developing economies, the effectiveness of such spending should be top priority in policy makers’ agenda. This again is important because for developing economies, government revenue is generated from a small tax base due to their highly informal nature. To improve health status from public intervention in the health sector, there is indeed need for improvement in the overall state of governance in Nigeria.

Originality/value

This paper is one of the few country case studies which uses time series data to examine the role of governance on the efficacy of public health spending with extension of findings to maternal health and covering more measures of governance quality. The results fundamentally illuminate the importance of governance in fostering development in health and consequently enhancing economic development and growth.

Details

International Journal of Development Issues, vol. 20 no. 1
Type: Research Article
ISSN: 1446-8956

Keywords

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Article
Publication date: 9 January 2020

Juan Bustamante and Adriana Amaya

This paper aims to examine the factors that affect financial services design of and their effect on the improvement of the unbanked customer well-being.

Abstract

Purpose

This paper aims to examine the factors that affect financial services design of and their effect on the improvement of the unbanked customer well-being.

Design/methodology/approach

The authors use a path analysis to examine customer well-being integration in the activities of service organizations. The theoretical estimation model was conducted using a structural equation model with maximum likelihood estimation. To build a more robust model that explains customer well-being, direct and indirect effects are used in the estimation of the research model.

Findings

Perceived customer support and interaction with the storekeeper are two major factors that, positively, influence trust and customer participation (CP). In addition, CP plays a key role in enhancing financial empowerment and thereby in the production of greater customer well-being.

Originality/value

This study sheds light on the positive effects that the design of services has on customer well-being and exposes the underlying mechanisms that contribute to customer well-being through CP. It also provides a unique financial service format and specific strategies for managing trust and CP to enhance individual well-being in the unbanked population in a developing country.

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