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Article
Publication date: 7 February 2018

Wenwen An, Yuehua Xu and Jianqi Zhang

Previous studies have produced inconsistent findings regarding the effects of resource constraints on corporate illegal behavior. This study aims to explore how…

1081

Abstract

Purpose

Previous studies have produced inconsistent findings regarding the effects of resource constraints on corporate illegal behavior. This study aims to explore how entrepreneurial firms can overcome the difficulties generated by resource constraints.

Design/methodology/approach

Drawing on insights from general strain theory and focusing on listed entrepreneurial firms, this study proposes that failure to obtain enough resources through listing generates strain in the managers of listed entrepreneurial firms, driving them to resort to corporate financial fraud as a solution. Nevertheless, such relationships between resource constraints and the likelihood of corporate financial fraud can be weakened by innovation capability, because innovation capability can generate more confidence in their managers and relieve their strains, thereby dissuading them from engaging in corporate financial fraud.

Findings

According to our empirical results, both financial and human resource constraints are positively related to the likelihood of corporate financial fraud in listed entrepreneurial firms, but such effects can be mitigated by innovation capability.

Practical implications

This study provides practical implications for both regulators and managers by indicating that although entrepreneurial firms with resource constraints are more likely to commit financial fraud, innovation capability could be a strategic approach to enhance managers’ confidence and relieve the strain.

Originality/value

Our study contributes to the literature by enriching our understanding of the consequences of resource constraints in entrepreneurial firms and highlighting the strategic importance of innovation capability in mitigating such effects.

Details

Chinese Management Studies, vol. 12 no. 1
Type: Research Article
ISSN: 1750-614X

Keywords

Article
Publication date: 10 January 2020

Juan M. Gil-Barragan, José A. Belso-Martínez and Francisco Mas-Verdú

Given the unresolved question about which causal conditions contribute to accelerated internationalization among small and medium enterprises (SMEs) from weak…

Abstract

Purpose

Given the unresolved question about which causal conditions contribute to accelerated internationalization among small and medium enterprises (SMEs) from weak institutional environment, this paper aims to combine theoretically relevant antecedents of domestic networks relationships (weak or strong domestic ties) and decision-making logic (effectuation or causation) to explore the configurations that are the most promising for explaining accelerated internationalization.

Design/methodology/approach

This study uses fuzzy-set qualitative comparative analysis (fsQCA) to examine the accelerated internationalization of 33 contrarian cases of SMEs located in weak institutional environment. The data set has been collected through in-depth interviews with managers in Colombia (21 cases) and Peru (12 cases). Building on the findings, an integrative model for accelerated internationalization is presented.

Findings

The authors found that the combination of weak domestic ties and effectuation logic accelerated the internationalization of SMEs with fewer resource constraints. In contrast, strong domestic ties and causation behavior lead to accelerated internationalization of SMEs with greater resource constraints. They propose a model to help enrich the existing literature about the causal configurations for achieving accelerated internationalization in SMEs from weak institutional environment.

Originality/value

The contribution of this study is to provide empirical evidence to address three shortcomings in the literature. First, the mixed results regarding the impact of strong and weak domestic ties and decision-making logic in the accelerated internationalization of SMEs; second, the limited research on domestic networks; and third, the scarce investigation in weak institutional environment, where the emphasis on constrained resources is higher.

Details

European Business Review, vol. 32 no. 2
Type: Research Article
ISSN: 0955-534X

Keywords

Article
Publication date: 13 August 2021

Rui Wang, Liqiong Liu and Yu Feng

The mechanism of marketing strategy style and its impact on firms are research issues received wide attention. In particular, the aggressive style of marketing strategy…

Abstract

Purpose

The mechanism of marketing strategy style and its impact on firms are research issues received wide attention. In particular, the aggressive style of marketing strategy has been chosen by many companies, but recent studies have shown that it has a negative effect on corporate performance. This leads to the core issue of this paper – does the aggressive style of marketing strategy always had a negative impact on corporate performance? Are there any factors that can alleviate this negative impact?

Design/methodology/approach

Based on the resource-based theory and agency theory, this paper takes the Growth Enterprise Market (GEM) listed companies as the research objects, collects secondary data and conducts the research by regression model.

Findings

The empirical research shows that: (1) the aggressive style of marketing strategy significantly and negatively affects the performance of firm; (2) the resource constraint can moderate the main effect and resource control play a weak adjustment role.

Practical implications

In practice, this paper confirms the adverse impact of aggressive style of marketing strategy on the performance of listed companies on GEM and inspires the industry to strengthen the control and supervision of marketing resources.

Originality/value

This paper makes up for the research gap in the field of cross-research in finance and marketing theoretically.

Details

Journal of Contemporary Marketing Science, vol. 4 no. 2
Type: Research Article
ISSN: 2516-7480

Keywords

Article
Publication date: 1 December 1998

Linet Özdamar, Gündüz Ulusoy and Mete Bayyigit

Considers the resource‐constrained project scheduling problem where cash inflows and outflows are tied to the occurrence of events. The objective is the maximization of…

1461

Abstract

Considers the resource‐constrained project scheduling problem where cash inflows and outflows are tied to the occurrence of events. The objective is the maximization of the project net present value (NPV) as well as the minimization of project tardiness in the presence of a project due date. Develops hybrid scheduling rules with both NPV and tardiness considerations to enhance both objectives. Experiments extensively with a set of benchmark problems originally designed for the objective of minimizing the project duration. Demonstrates that thje hybrid rules developed here are superior in performance with respect to both objectives when compared with well known rules which are developed for the two objective of minimizing the project duration. Demonstrates that the hybrid rules developed here are superior in performance with respect to both objectives when compared with well‐known rules which are developed for the two objectives taken individually. Furthermore, the iterative algorithm improves the performance of all tested rules significantly.

Details

International Journal of Physical Distribution & Logistics Management, vol. 28 no. 9/10
Type: Research Article
ISSN: 0960-0035

Keywords

Article
Publication date: 7 August 2009

Abhijit Mandal, Howard Thomas and Don Antunes

The purpose of this paper is to focus around the literatures of the resource‐based firm and cognitive mental models, explores the dynamic linkages between cognitive…

1614

Abstract

Purpose

The purpose of this paper is to focus around the literatures of the resource‐based firm and cognitive mental models, explores the dynamic linkages between cognitive models, resources and firm performance in the context of the insurance industry.

Design/methodology/approach

In a real‐life example drawn from the insurance industry, a process‐based simulation model is developed to explore the linkages between managerial mental models, resources and performance. It represents resources as endogenous flows and mental models and resource constraints as exogenous parameters. This allows, for example, the impact of heterogeneity in mental models, on such factors as the time path of resource allocations, resources and capabilities, and ultimately performance, to be studied in two firms (business units) in the insurance industry.

Findings

In general, heterogeneity in mental models leads to differences in performance in the long run. This finding is reinforced by the presence of resource constraints. Facing strategic change, however, it is often difficult for senior managers to overcome the influence of well‐established managerial mental models or recipes which create cognitive inertia and, in turn, hinder performance improvements.

Originality/value

There are few empirical studies which explore the impact of changes in mental models and resource constraints on firm‐performance and resource allocation decisions.

Details

Journal of Strategy and Management, vol. 2 no. 3
Type: Research Article
ISSN: 1755-425X

Keywords

Book part
Publication date: 14 August 2014

Benson Honig, Tomas Karlsson and Gustav Hägg

This chapter explores the advantages of newness and positive aspects of resource constraints, critically departing from assumptions of resource constraints and liabilities…

Abstract

This chapter explores the advantages of newness and positive aspects of resource constraints, critically departing from assumptions of resource constraints and liabilities of newness. The chapter is based on a multiple case study consisting of nascent entrepreneurial processes from inexperienced entrepreneurs with severely constrained access to resources. Six theoretical concepts (legitimacy, fashion, flexibility, networks, bootstrapping, and motivation) are developed in the frame of reference. Empirical data is collected on a rich variety of sources, including longitudinal data in the form of weekly logbooks, business plans, theoretical reflections, and additional collected data during the process. Based on this data, the analysis shows that while these entrepreneurs face resource constraints and liabilities of newness, they also use strategies to leverage their constraints and novelty as an advantage in advancing their venturing efforts.

Details

Entrepreneurial Resourcefulness: Competing With Constraints
Type: Book
ISBN: 978-1-78190-018-5

Keywords

Article
Publication date: 20 June 2016

Kiho Kwak and Wonjoon Kim

– The purpose of this paper is to examine the relationship between service integration and manufacturing firms’ profitability and to identify profitable services.

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Abstract

Purpose

The purpose of this paper is to examine the relationship between service integration and manufacturing firms’ profitability and to identify profitable services.

Design/methodology/approach

The study examines the service integration data of 202 firms in the machinery and equipment sector in Korea. Firm profitability comes from secondary data to eliminate common method bias.

Findings

The relationship between service integration, measured as the service-revenue ratio, and profitability has an inverted U-shape, likely stemming from political costs, a loss of opportunity in manufacturing improvements arising from resource constraints, and an increase in transaction costs. In addition, process operation outsourcing and technical consulting significantly contribute to profitability.

Research limitations/implications

The authors show that the effect of service integration on profitability diminishes when firms experience both resource constraints and an increase in transaction costs from implementing the strategy. Furthermore, the profitability of services is heterogeneous across different offerings. Further research in other countries and sectors is necessary to refine the relationships suggested herein.

Practical implications

Managers should strive to minimize the costs and problems stemming from resource constraints and transaction costs. It is also important to utilize external resources to achieve profitability from service integration. Managers also need to realize the different cost-revenue structure of each service.

Originality/value

The authors find that the relationship between profitability and service integration depends on the degree of resource constraints and transaction costs. The authors also identify which service offerings are highly profitable, which has not been done in previous research.

Details

Journal of Service Management, vol. 27 no. 3
Type: Research Article
ISSN: 1757-5818

Keywords

Article
Publication date: 11 February 2019

Yu-Li Huang, Sarah M. Bach and Sherry A. Looker

The purpose of this paper is to develop a chemotherapy scheduling template that accounts for nurse resource availability and patient treatment needs to alleviate the…

Abstract

Purpose

The purpose of this paper is to develop a chemotherapy scheduling template that accounts for nurse resource availability and patient treatment needs to alleviate the mid-day patient load and provide quality services for patients.

Design/methodology/approach

Owing to treatment complexity in chemotherapy administration, nurses are required at the beginning, end and during treatment. When nurses are not available to continue treatment, the service is compromised, and the resource constraint is violated, which leads to inevitable delay that risks service quality. Consequently, an optimization method is used to create a scheduling template that minimizes the violation between resource assignment and treatment requirements, while leveling patient load throughout a day. A case study from a typical clinic day is presented to understand current scheduling issues, describe nursing resource constraints, and develop a constraint-based optimization model and leveling algorithm for the final template.

Findings

The approach is expected to reduce the variation in the system by 24 percent and result in five fewer chemo chairs used during peak hours. Adjusting staffing levels could further reduce resource constraint violations and more savings on chair occupancy. The actual implementation results indicate a 33 percent reduction on resource constraint violations and positive feedback from nursing staff for workload.

Research limitations/implications

Other delays, including laboratory test, physician visit and treatment assignment, are potential research areas.

Originality/value

The study demonstrates significant improvement in mid-day patient load and meeting treatment needs using optimization with a unique objective.

Details

International Journal of Health Care Quality Assurance, vol. 32 no. 1
Type: Research Article
ISSN: 0952-6862

Keywords

Article
Publication date: 5 May 2020

Vadim Krivorotov, Alexey Kalina, Vasiliy Tretyakov, Sergey Yerypalov and Anna Oykher

The purpose of this study is to develop a model for the selection of optimal development projects for an industrial complex (IC), aimed at improving its competitiveness.

Abstract

Purpose

The purpose of this study is to develop a model for the selection of optimal development projects for an industrial complex (IC), aimed at improving its competitiveness.

Design/methodology/approach

Selection of optimal projects for IC development is carried out within the framework of a methodical approach to assessing and forecasting the competitiveness of IC based on the phased implementation of the following steps: assessment of the current level of competitiveness of an IC; optimization of the project portfolio aimed at improving the IC competitiveness; forecasting the IC competitiveness. The methodology for assessing the IC competitiveness is based on a comparative analysis of its activities against those of its leading competitors and evaluates two integral characteristics, namely, the level of current competitiveness and the indicator of the competitive potential. The methodical approach to the selection of the optimal portfolio of projects for the development of competitiveness is based on a step-by-step optimization of the portfolio using a dynamic programming procedure, which takes into account the implementation conditions of the projects, resource constraints and the prioritization of these projects. The targeted benchmark for the optimization is an integral indicator of IC competitiveness, comprising various aspects of its activities.

Findings

Method for multi-factor evaluation of IC competitiveness and the impact of a set of factors driving competitive advantage; set of benchmarks of IC competitiveness; the model for the selection and step-by-step optimization of the portfolio of IC development projects, aimed at increasing competitiveness in the context of resource constraints.

Practical implications

Methodology described in this paper was used to assess the competitiveness and optimize the project portfolio of Uralelektrotyazhmash Group of Enterprises (UETM), one of the largest power engineering complexes in Russia. The assessment was carried out in comparison with the leading domestic and global manufacturers of electrical equipment, which form UETM’s primary competition in the marketplace.

Originality/value

The study establishes a method for the comprehensive assessment of IC competitiveness based on the comparison of IC activity indicators with those of leading competitors. The proposed method defines an integral competitiveness index to allow for the quantitative assessment of IC competitiveness, development of measures to improve IC competitiveness and producing a methodology to forecast the impact of such measures; the study proposes a methodical approach to selecting the optimal portfolio of projects for the development of IC based on the stepwise optimization of such a portfolio while taking into account the conditions of their implementation, resource constraints and the impact on the indicator of competitiveness. This approach allows the IC to prioritize the implementation of the development projects and maximize its competitiveness in the context of available resources.

Details

Competitiveness Review: An International Business Journal, vol. 30 no. 5
Type: Research Article
ISSN: 1059-5422

Keywords

Article
Publication date: 15 April 2020

Nigel Wadeson

It has been claimed that Born Globals are incompatible with the Uppsala model, which is based on the firm having a maximum tolerable risk level. This assumption was used…

Abstract

Purpose

It has been claimed that Born Globals are incompatible with the Uppsala model, which is based on the firm having a maximum tolerable risk level. This assumption was used to explain observed incremental commitments, with further commitments being made as experiential learning reduces the level of risk faced. This study aims to show that adding a consideration of the role of expected value, including the effects of resource constraints, can reconcile the Born Global and internationalisation process literatures.

Design/methodology/approach

The theoretical arguments are supported by mathematical modelling of a firm pursuing expected value based on subjective beliefs.

Findings

While the effects of risk and expected value coincide when firms limit their downside risks by taking an incremental approach to commitments, other factors impacting on expected value can shift the balance of incentives towards earlier and more rapid internationalisation. For instance, some firms are specialised and have high costs of R&D, and so need to achieve early and rapid growth but face small home markets. While resource constraints can lead a firm to expand for some time in its home market before internationalising, the effect can be reversed in the case of the finance constraint for some firms.

Originality/value

The study shows how Born Global and internationalisation process literatures can be reconciled through a consideration of the effects of expected value on internationalisation decisions. It also provides a novel theoretical analysis of Born Globals.

Details

Multinational Business Review, vol. 28 no. 4
Type: Research Article
ISSN: 1525-383X

Keywords

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