Search results
1 – 10 of 12Madalina Pana, Yang Cheng, Sami Farooq and Melanie E. Kreye
The purpose of the study is to determine the local antecedents of subsidiary participation in global services and, subsequently, the impact on local performance.
Abstract
Purpose
The purpose of the study is to determine the local antecedents of subsidiary participation in global services and, subsequently, the impact on local performance.
Design/methodology/approach
The study is based on a survey with the local subsidiaries of 14 manufacturers engaged in global services as part of their servitisation strategy.
Findings
Findings show support for considering the local ability for global services as an antecedent for local subsidiary participation in global services and the local service performance as an outcome. In addition, the results reject our hypotheses related to the specific roles of local opportunity and motivation for global services.
Originality/value
This study provides novel insights on the global service operations of manufacturers by highlighting the perspective of subsidiaries engaged in the local service delivery and development of global services. This perspective sets the conditions of the global-local collaboration in the context of global service strategy with local service delivery.
Details
Keywords
Kamran Ali Chatha, Muhammad Shakeel Sadiq Jajja, Fatima Gillani and Sami Farooq
This paper aims to investigate the role of organizational and technological enablers and their arrangement and alignment with the external environment to facilitate supply chain…
Abstract
Purpose
This paper aims to investigate the role of organizational and technological enablers and their arrangement and alignment with the external environment to facilitate supply chain integration (SCI), which consequently improves operational performance.
Design/methodology/approach
The paper uses a structural equation modeling approach and the data from 307 manufacturing firms from the International Manufacturing Strategy Survey version VI for hypotheses testing.
Findings
The findings of the study reveal that (1) the alignment and particular arrangement of the sociotechnical organizational factors enable the SCI of a firm, (2) suitable organizational arrangements help in leveraging SCI under environmental pressures, and (3) SCI leverages the relationship between sociotechnical organizational factors and operational performance of the firm.
Practical implications
This paper informs managers that SCI leverages the operational performance of firms under heightened environmental pressures. Developing suitable manufacturing technologies infrastructure followed by organizational practices aligned with the manufacturing technologies make it easier to realize SCI.
Originality/value
This study explores the interaction of technological, organizational, and environmental factors as driving and enabling factors that help achieve SCI. Firms that develop an open and collaborative environment and use communication and integrative technologies to complement their work practices better cope with external pressures. These modern forms of working and the use of technologies facilitate SCI and leverage it effectively to positively impact firm performance.
Details
Keywords
Muhammad Farooq, Imran Khan, Mariam Kainat and Adeel Mumtaz
Corporate social responsibility (CSR) has gained tremendous importance after several corporate scandals, financial crises and the rise of the hyper-competitive world. Firms must…
Abstract
Purpose
Corporate social responsibility (CSR) has gained tremendous importance after several corporate scandals, financial crises and the rise of the hyper-competitive world. Firms must address multiple stakeholders’ interests to increase firm value. This study aims to investigate the effect of CSR on firm value. This study also examines the mediating role of enterprise risk management (ERM) and the moderating influence of corporate governance (CG) in this CSR-firm value relationship.
Design/methodology/approach
The sample of the study comprises 119 Pakistan Stock Exchange (PSX) listed firms and the study covers the period from 2010 to 2021. The corporate social responsibility performance has been quantified across five dimensions. These aspects are product, environment, employee relations, diversity and community. Four proxies i.e. strategy, operation, reporting and compliance, have been used to measure ERM. The governance quality of the sample companies was evaluated using the governance index, which included 29 governance provisions. The authors used the dynamic panel data technique (system-GMM) is used to achieve the objectives of the study. Furthermore, a firm’s engagement in CSR activities can also be measured through a multinational financial approach to check the robustness of the result.
Findings
Based on the regression analysis, the authors discovered that CSR was positively connected with firm value, validating the stakeholder view of CSR. Furthermore, following Baron and Kenny’s (1986) mediation technique, the findings confirm that ERM mediates this association. These results are robust by using the bootstrapping tests by Preacher and Hayes (2004). Furthermore, the result shows that corporate governance (CG) is positively connected with firm performance, and this relationship is strengthened in the presence of an effective governance system in the organization.
Practical implications
This study provides useful insights to regulators, investors and policymakers to consider CSR as a value-enhancing factor and encourage the development of enterprise risk management and compliance with CG mechanisms to improve firm value.
Originality/value
The presented analysis strengthens the existing CSR–firm value relationship by analyzing the mediating and moderating roles of ERM and CG, which have not yet been tested, particularly in the context of Pakistan.
Details
Keywords
Sami Ul Haq, Muhammad Bilal Ashraf and Arooj Tanveer
The main focus is to provide a non-similar solution for the magnetohydrodynamic (MHD) flow of Casson fluid over a curved stretching surface through the novel technique of the…
Abstract
Purpose
The main focus is to provide a non-similar solution for the magnetohydrodynamic (MHD) flow of Casson fluid over a curved stretching surface through the novel technique of the artificial intelligence (AI)-based Lavenberg–Marquardt scheme of an artificial neural network (ANN). The effects of joule heating, viscous dissipation and non-linear thermal radiation are discussed in relation to the thermal behavior of Casson fluid.
Design/methodology/approach
The non-linear coupled boundary layer equations are transformed into a non-linear dimensionless Partial Differential Equation (PDE) by using a non-similar transformation. The local non-similar technique is utilized to truncate the non-similar dimensionless system up to 2nd order, which is treated as coupled ordinary differential equations (ODEs). The coupled system of ODEs is solved numerically via bvp4c. The data sets are constructed numerically and then implemented by the ANN.
Findings
The results indicate that the non-linear radiation parameter increases the fluid temperature. The Casson parameter reduces the fluid velocity as well as the temperature. The mean squared error (MSE), regression plot, error histogram, error analysis of skin friction, and local Nusselt number are presented. Furthermore, the regression values of skin friction and local Nusselt number are obtained as 0.99993 and 0.99997, respectively. The ANN predicted values of skin friction and the local Nusselt number show stability and convergence with high accuracy.
Originality/value
AI-based ANNs have not been applied to non-similar solutions of curved stretching surfaces with Casson fluid model, with viscous dissipation. Moreover, the authors of this study employed Levenberg–Marquardt supervised learning to investigate the non-similar solution of the MHD Casson fluid model over a curved stretching surface with non-linear thermal radiation and joule heating. The governing boundary layer equations are transformed into a non-linear, dimensionless PDE by using a non-similar transformation. The local non-similar technique is utilized to truncate the non-similar dimensionless system up to 2nd order, which is treated as coupled ODEs. The coupled system of ODEs is solved numerically via bvp4c. The data sets are constructed numerically and then implemented by the ANN.
Details
Keywords
This research investigates the complex relationship between economic policy uncertainty (EPU), energy consumption and institutional factors in the Gulf region. The purpose of this…
Abstract
Purpose
This research investigates the complex relationship between economic policy uncertainty (EPU), energy consumption and institutional factors in the Gulf region. The purpose of this study is to examine how institutional factors moderate the impact of EPU on energy consumption in Gulf countries.
Design/methodology/approach
This paper uses the dynamic panel autoregressive distributed lag (PARDL) method, over a period stretching from 1996 to 2021 in the Gulf countries.
Findings
The results show that, only in the long term, EPU has a positive and significant impact on energy consumption, suggesting that increased EPU leads to increased energy use. Furthermore, this study found that, only in the long term, government effectiveness and regulatory quality have positive and significant effect on energy consumption. Accordingly, the two institutional factors play a moderating role in the EPU−energy consumption nexus.
Research limitations/implications
This study highlights the importance of considering the time dimension when formulating energy and economic policies in Gulf countries. Policymakers should take into consideration the nature of these relationships to make informed decisions that promote energy efficiency and economic stability in the region.
Originality/value
To the best of the authors’ knowledge, this is the first study examining the relationship between EPU and energy consumption in the Gulf countries while incorporating the role of institutional factors as potential mediators.
Details
Keywords
Manasi Gokhale and Deepa Pillai
The present study aims to assess the key institutional settings for earnings management (EM) in emerging economies (EE). The unique social, cultural and regulatory environment of…
Abstract
Purpose
The present study aims to assess the key institutional settings for earnings management (EM) in emerging economies (EE). The unique social, cultural and regulatory environment of EE provides a relevant framework for the review.
Design/methodology/approach
The study combines systematic literature review (SLR) with bibliometric analysis to analyse 251 articles extracted from the Scopus database, covering the period from 2001 to 2023. Further, cluster analysis using bibliographic coupling of highly cited articles is undertaken to ascertain key themes on EM in EE.
Findings
The study deciphers the influence of institutional transitions and differences in EE on (1) ownership structures, (2) the efficacy of accounting, auditing and governance reforms, (3) environmental and social disclosures and (4) audit quality at the firm level in defining the EM practices in these economies. It also identifies region/country-wise institutional similarities and divergences across the EE that drive the EM practices in these economies.
Practical implications
The key findings of the review provide essential guidelines for policy formulation concerning rationalization of the ownership structures, strengthening infrastructure relating to accounting and auditing practices and formalizing social and environmental practices and disclosures for effectively constraining EM in EE. The review also identifies key factors to be considered by potential investors in EE.
Originality/value
The study is one of its kind as it identifies unique country-specific institutional drivers for EM in EE and highlights region/country-wise resemblances and differences in the key institutional determinants of EM.
Details
Keywords
Muhammad Farooq, Qadri Al-Jabri, Muhammad Tahir Khan, Muhamamad Akbar Ali Ansari and Rehan Bin Tariq
The present study aims to investigate the impact of corporate governance proxies by ownership structure and firm-specific characteristics, i.e. firm size, leverage, growth…
Abstract
Purpose
The present study aims to investigate the impact of corporate governance proxies by ownership structure and firm-specific characteristics, i.e. firm size, leverage, growth opportunities, previous year dividend, firm risk, profitability, and liquidity on dividend behavior of the Pakistan Stock Exchange (PSX) listed firms.
Design/methodology/approach
Final sample of the study consists of 140 PSX-listed firms. The study covers a period of six years, starting from 2015 to 2020. Dividend payout dummy, dividend payout ratio, and dividend yield were used to assess the dividend behavior of the sample firms. The appropriate regression procedures (logistic, probit, ordinary least square (OLS), and fixed effect regression) are used to test the study hypothesis. To check the robustness of the result, a system GMM estimation technique is also used in the present study.
Findings
The study reveals that institutional ownership, foreign ownership, and individual ownership have a significant positive whereas managerial ownership has a significant negative impact on the dividend decision of sample firms. Among firm-specific characteristics, it was found that liquidity, profitability, and the previous year's dividend were significantly positive, while growth opportunities were significantly inversely associated with dividend payout decisions of PSX-listed firms.
Practical implications
This study sheds light on the relationship between dividend policy, ownership structure, and firm-specific factors in the context of an emerging market like Pakistan. The study's findings have important implications for managers, minority shareholders, lawmakers, and investors looking for guidance on the dividend policy of publicly-traded non-financial firms.
Originality/value
The literature lacks studies that together analyze the ownership characteristics and firm-specific variables on dividend decisions, particularly in the context of developing economies. The current study aims to fill this gap.
Details
Keywords
Moza Saeed Alketbi and Syed Zamberi Ahmad
This study aims to examine the roles of corporate social responsibility (CSR), green innovation (GI) and knowledge management (KM) in boosting sustainable practices (SPs). It also…
Abstract
Purpose
This study aims to examine the roles of corporate social responsibility (CSR), green innovation (GI) and knowledge management (KM) in boosting sustainable practices (SPs). It also investigates the mediating effect of green innovation and the moderating effect of KM in the relationship between CSR and SPs.
Design/methodology/approach
Using measurement scales adapted from existing studies, a quantitative methodology with causal and deductive reasoning was used on data from an online survey with 322 respondents in manufacturing firms in the United Arab Emirates.
Findings
There was no direct significant positive relationship between CSR and SPs; the mediating role of GI was evident, whereas the moderating role of KM was not present.
Research limitations/implications
Only manufacturing enterprises are considered in this study, with a single geographical case study highlighting CSR efforts.
Practical implications
The findings reveal the positive influence of GI on CSR and SPs. This study contributes to the understanding of the influence of green processes and product innovation on applying social, environmental and sustainability practices to enhance the overall productivity, compliance, performance and well-being of the community.
Originality/value
This study collectively explores the causal relationships between these factors, besides offering new insights into the manufacturing industry in an emerging market.
Details
Keywords
Nikhitha Adepu, Sharareh Kermanshachi, Apurva Pamidimukkala and Emily Nwakpuda
The effects of the COVID-19 outbreak on the construction industry were formidable and far-reaching, as the construction sector is a major contributor to the gross domestic product…
Abstract
Purpose
The effects of the COVID-19 outbreak on the construction industry were formidable and far-reaching, as the construction sector is a major contributor to the gross domestic product (GDP), which balances various sectors of the global economy, and to infrastructure growth, which is a primary gauge of a nation’s advancement. The outbreak led to workforce disruptions, worker deficits, dwindling efficiency, elongated project durations, and scarce opportunities for training and mentorship, and despite endeavors to mitigate these challenges, construction timelines experienced significant interruptions. Various researchers have pinpointed contributing elements, but few have constructed a predictive model to gauge the degree of impact.
Design/methodology/approach
Therefore, this research intends to fill by introducing an ordinal logistic regression method to forecast the impacts of a pandemic or other similar type of crisis. To achieve this, an online survey was developed and distributed to collect the perceptions of the construction engineers and managers about the diverse contributors to the exceeding project timelines during the COVID-19 pandemic outbreak.
Findings
Findings from this study indicate that financial liquidity, modifications to original plans, delays in securing governmental clearances, and a shortage of competent labor have medium-to-high levels of impact on project schedules.
Originality/value
This study will furnish decision-makers with crucial knowledge that will give them the tools to refine their strategies and judiciously allocate resources to overcome the unique hurdles encountered by various construction segments and will enhance the industry's capability to respond more effectively to challenges inherent in this type of crisis.
Details
Keywords
This study examines how health-conscious consumers utilize nutrition facts panel labels when purchasing food products, focusing specifically on the dimension of ethical…
Abstract
Purpose
This study examines how health-conscious consumers utilize nutrition facts panel labels when purchasing food products, focusing specifically on the dimension of ethical evaluation. It aims to understand how ethical considerations influence the decision-making process of consumers who prioritize health. By analyzing the impact of ethical evaluation on label usage, the study sheds light on the significance of ethics in consumer behavior in the context of purchasing packaged edible oil.
Design/methodology/approach
Empirical data were collected using an online survey and a non-ordered questionnaire. In total, 469 valid responses were obtained. The study used SPSS version 27.0 and SmartPLS version 3 for demographic analysis and structural equation modeling.
Findings
The findings suggest that three factors – perceived benefits, perceived threats, and nutrition self-efficacy, positively impact the use of NFP labels. However, perceived barriers negatively influence the use of NFP labels. In additionally, ethical evaluation mediates the usage of NFP labels.
Practical implications
In the health belief model, ethical evaluation functions as a mediator and has a greater influence on NFP label use. This study provides a framework for marketers to promote consumer health consciousness by encouraging them to incorporate NFP labels.
Originality/value
This study is one of the first attempts to demonstrate that ethical evaluation mediate health beliefs and the use of nutrition labels.
Details