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Partial least squares structural equation modeling (PLS-SEM) has attracted much attention from both methodological and applied researchers in various disciplines – also in hospitality management research. As PLS-SEM is relatively new compared to other multivariate analysis techniques, there are still numerous open questions and uncertainties in its application. This study aims to address this important issue by offering guidance regarding its use in contexts with which researchers struggle.

The authors examine the most prominent questions and answers posed in a well-known PLS-SEM discussion forum. The authors do so by using a text analysis technique to identify the most salient topics.

The data analysis identifies three salient PLS-SEM topics (i.e. bootstrapping and significance testing, higher-order constructs and moderation).

The results allow us to address the PLS-SEM community’s main methodological issues. The authors discuss each area separately and provide explanations and guidelines.

The guidelines on the most important PLS-SEM topics provide decision-making and application aids. In this way, the authors make a decisive contribution to clarifying ambiguities when applying the PLS-SEM method in hospitality management research and other disciplines.

There has as yet been no systematic analysis of this kind in the field of PLS-SEM; the authors, therefore, present the first research results. The findings and recommendations provide guidance for PLS-SEM applications in hospitality research and practice.

This study aims to examine the dynamic bidirectional causality between oil price (OIL) and stock market indexes in net oil-exporting (Russia) and net oil-importing (China) countries.

The authors use monthly data for the period starting from October 1995 to October 2021. In this study, the bootstrap rolling-window Granger causality approach introduced by Balcilar et al. (2010) and the probit regression model are performed in order to identify the bidirectional causality.

The results show that the causal periods mainly occur during economic, financial and health crises. For oil-exporting country, the results suggest that any increase (decrease) in the OIL leads to an appreciation (depreciation) in the stock market index. The effect of the stock market on OIL is more relevant for the oil-importing country than that for the oil-exporting one. The COVID-19 consequences are demonstrated in the impact of oil on the Russian stock market. The probit regression shows that the US financial instabilities increase the probability of causality between OIL and stock market indexes in Russia and China.

The dynamic relationship between the variables must be taken into account in investment decisions. As financial instabilities in the USA drive the relationship between oil and stocks, investors should consider geopolitical, economic and financial elements when constructing their portfolios. Shareholders are required to include other assets in their portfolios since oil–stock relationship is highly risky.

This study provides further evidence of the bidirectional oil–stock causal link. Additionally, it examines the impact of financial instabilities on the probability that the OIL and the stock market index cause each other through the Granger effect.

In order to determine the status quo of PLS path modeling in international marketing research, we conducted an exhaustive literature review. An evaluation of double-blind reviewed journals through important academic publishing databases (e.g., ABI/Inform, Elsevier ScienceDirect, Emerald Insight, Google Scholar, PsycINFO, Swetswise) revealed that more than 30 academic articles in the domain of international marketing (in a broad sense) used PLS path modeling as means of statistical analysis. We assessed what the main motivation for the use of PLS was in respect of each article. Moreover, we checked for applications of PLS in combination with one or more additional methods, and whether the main reason for conducting any additional method(s) was mentioned.

To improve the accuracy of parameter prediction for small-sample data, considering the existence of error in samples, the error circle is introduced to analyze original samples.

The influence of surface roughness on fatigue life is discussed. The error circle can treat the original samples and extend the single sample, which reduces the influence of the sample error.

The S-N curve obtained by the error circle method is more reliable; the S-N curve of the Bootstrap method is more reliable than that of the Maximum Likelihood Estimation (MLE) method.

The parameter distribution and characteristics are statistically obtained based on the surface roughness, surface roughness factor and intercept constant. The original sample is studied by an error circle and discussed using the Bootstrap and MLE methods to obtain corresponding S-N curves. It provides a more trustworthy basis for predicting the useful life of products.

Public–private partnerships (PPPs) are notoriously prone to disputes among stakeholders, some of which may unduly jeopardize contract performance. Contract disputes arising in Iran are often due to inefficiency of PPP concession agreements and practice. This study presents a causal-predictive model of the root causes and preventive measures for inter-organization disputes to enhance the likelihood of achieving desirable performance in PPP projects.

A theoretical “causal-predictive” model was developed with fourteen hypotheses based on extant literature and contractual agency theory, which resulted in the creation of a pool of 110 published items. Data were obtained from a questionnaire survey with 75 valid responses, completed by 4 stratified groups of Iranian PPP experts. Partial least square structural equation modeling (PLS-SEM) was used for validating the proposed model via a case study.

Results reveal that the main three factors of PPP desirable performance are as follows: on-time project completion, high quality of activities/products and services for public satisfaction. Further, the most influential factors of the lifecycle problems, construction stage, and preferred risk allocation included risk misallocation, improper payment mechanism and failure to facilitate a timely approval process.

For researchers, the findings contribute to the theory of contractual agency; specifically, how different influences among the model's elements lead to better PPP performance. In practical terms, proposed outcome-based strategies will inform PPP stakeholders to avoid dispute occurrence and thus improve the time, quality and services of projects.

Research has found that stereotypes affect occupational choices, but there has been almost no research on how they specifically affect the choice of becoming an entrepreneur. This study bridges different fields of research by combining theories on entrepreneurial intent, self-esteem, and stereotypes. The author argues that in situations of insufficient information individuals assess prospective careers in commercial and social entrepreneurship by means of stereotypes, and the author is the first to explore the influence of commercial and social entrepreneurial stereotypes on an individual’s intention to start a commercial (for-profit) or social (not for-profit) venture. The author uses the framework outlined by the stereotype content model to disclose the existence of distinct stereotypes for commercial and social entrepreneurs exist and, thereafter, the author analyzes the influences of both entrepreneurial stereotypes on the specific startup intentions. The author test the hypotheses with unique survey data from a sample of German non-entrepreneurs which reveals that commercial entrepreneurs are seen as competent but cold, whereas social entrepreneurs are regarded as warm but incompetent. Using structural equation modeling and multi-group analysis, the data implies that higher levels of perceived warmth and competence of commercial entrepreneurs have a positive indirect effect on commercial startup intentions. No such effect was found for social startup intentions; however, the results indicate that a higher societal status of social entrepreneurs exerts a positive indirect impact on the intention to start a social business. The author discusses the practical implications of our approach and point out avenues for future research.

The increasing demands for customized services and frequent market variations have posed challenges to managing and controlling the manufacturing processes. Despite the developments in literature in this area, less consideration has been devoted to the growth of business social networks, cloud computing, industrial Internet of things and intelligent production systems. This study recognizes the primary factors and their implications for intelligent production systems' success. In summary, the role of cloud computing, business social network and the industrial Internet of things on intelligent production systems success has been tested.

Intelligent production systems are manufacturing systems capable of integrating the abilities of humans, machines and processes to lead the desired manufacturing goals. Therefore, identifying the factors affecting the success of the implementation of these systems is necessary and vital. On the other hand, cloud computing and the industrial Internet of things have been highly investigated and employed in several domains lately. Therefore, the impact of these two factors on the success of implementing intelligent production systems is examined. The study is descriptive, original and survey-based, depending on the nature of the application, its target and the data collection method. Also, the introduced model and the information collected were analyzed using SMART PLS. Validity has been investigated through AVE and divergent validity. The reliability of the study has been checked out through Cronbach alpha and composite reliability obtained at the standard level for the variables. In addition, the hypotheses were measured by the path coefficients and R², T-Value and GOF.

The study identified three variables and 19 sub-indicators from the literature associated that impact improved smart production systems. The results showed that the proposed model could describe 69.5% of the intelligence production systems' success variance. The results indicated that business social networks, cloud computing and the industrial Internet of things affect intelligent production systems. They can provide a novel procedure for intelligent comprehensions and connections, on-demand utilization and effective resource sharing.

Study limitations are as below. First, this study ignores the interrelationships among the success of cloud computing, business social networks, Internet of things and smart production systems. Future studies can consider it. Second, we only focused on three variables. Future investigations may focus on other variables subjected to the contexts. Ultimately, there are fewer experimental investigations on the impact of underlying business social networks, cloud computing and the Internet of things on intelligent production systems' success.

The research and analysis outcomes are considered from various perspectives on the capacity of the new elements of Industry 4.0 for the manufacturing sector. It proposes a model for the integration of these elements. Also, original and appropriate guidelines are given for intelligent production systems investigators and professionals' designers in industry domains.

Purpose – Partial least squares (PLS) path modeling has become a pivotal empirical research method in international marketing. Owing to group comparisons' important role in research on international marketing, we provide researchers with recommendations on how to conduct multigroup analyses in PLS path modeling.

Methodology/approach – We review available multigroup analysis methods in PLS path modeling and introduce a novel confidence set approach. A characterization of each method's strengths and limitations and a comparison of their outcomes by means of an empirical example extend the existing knowledge of multigroup analysis methods. Moreover, we provide an omnibus test of group differences (OTG), which allows testing the differences across more than two groups.

Findings – The empirical comparison results suggest that Keil et al.'s (2000) parametric approach can generally be considered more liberal in terms of rendering a certain difference significant. Conversely, the novel confidence set approach and Henseler's (2007) approach are more conservative.

Originality/value of paper – This study is the first to deliver an in-depth analysis and a comparison of the available procedures with which to statistically assess differences between group-specific parameters in PLS path modeling. Moreover, we offer two important methodological extensions of existing research (i.e., the confidence set approach and OTG). This contribution is particularly valuable for international marketing researchers, as it offers recommendations regarding empirical applications and paves the way for future research studies aimed at comparing the approaches' properties on the basis of simulated data.

Value at risk (VaR) is a market risk measure widely used by risk managers and market regulatory authorities, and various methods are proposed in the literature for its estimation. However, limited studies discuss its distribution or its confidence intervals. The purpose of this paper is to compare different techniques for computing such intervals to identify the scenarios under which such confidence interval techniques perform properly.

The methods that are included in the comparison are based on asymptotic normality, extreme value theory and subsample bootstrap. The evaluation is done by computing the coverage rates for each method through Monte Carlo simulations under certain scenarios. The scenarios consider different persistence degrees in mean and variance, sample sizes, VaR probability levels, confidence levels of the intervals and distributions of the standardized errors. Additionally, an empirical application for the stock market index returns of G7 countries is presented.

The simulation exercises show that the methods that were considered in the study are only valid for high quantiles. In particular, in terms of coverage rates, there is a good performance for VaR(99 per cent) and bad performance for VaR(95 per cent) and VaR(90 per cent). The results are confirmed by an empirical application for the stock market index returns of G7 countries.

The findings of the study suggest that the methods that were considered to estimate VaR confidence interval are appropriated when considering high quantiles such as VaR(99 per cent). However, using these methods for smaller quantiles, such as VaR(95 per cent) and VaR(90 per cent), is not recommended.

This study is the first one, as far as it is known, to identify the scenarios under which the methods for estimating the VaR confidence intervals perform properly. The findings are supported by simulation and empirical exercises.

This study aims to explore supply chain disruptions during the COVID-19 pandemic in the small and medium enterprise (SME) sector in Oman. This study analyzes the impact on selected supply chain drivers – facilities, inventory, transportation and sourcing. It further intends to explore whether the supply chain challenges faced by the SME sector in Oman impact their overall performance.

This study follows the quantitative technique of structural equation modeling to examine the proposed hypotheses. Data were collected electronically from SME managers/owners/entrepreneurs. All items were adopted and measured using a five-point Likert scale. One hundred and four complete and usable responses were received and considered.

The data was analyzed using SPSS and PLS statistical software. The model has been supported empirically, and the results showed a significant relationship between supply chain drivers and SMEs’ overall performance in Oman, except for supply chain inventory. The results have demonstrated that the COVID-19 pandemic has affected the SMEs’ supply chain drivers in Oman and, consequently, their overall performance.

The results of this research can drive the development and implementation of a supply chain management strategy. This research will help policymakers induce the performance of SMEs affected by the COVID-19 pandemic. It would further enhance strategic sourcing and supplier performance considering the developed practices associated with the resource-based view.

The originality of the current study lies in its ability to empirically test two models within the Omani SMEs context while considering the supply chain drivers as a single variable or dividing it into four separate independent variables. This study would provide a preview for scholars for such empirical investigation and serve as a reference for policymakers and practitioners to maintain a management system of crises that may protect the SME supply chain drivers.