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1 – 10 of over 11000Hazwan Haini and Wei Loon Pang
This study examines whether the gains from export sophistication is conditional on the level of globalisation. Previous studies have shown that the impact of export sophistication…
Abstract
Purpose
This study examines whether the gains from export sophistication is conditional on the level of globalisation. Previous studies have shown that the impact of export sophistication on growth varies depending on the level of a country's economic development. The authors argue that globalisation plays an important role in influencing the gains from export sophistication, mainly through the competition and scale effects. The competition effect disincentivises domestic firms to engage in export markets, while the scale effect incentivises knowledge accumulation and innovation.
Design/methodology/approach
The authors employ data from 163 economies from 1995 to 2018. The authors re-estimate values for export sophistication using ordinary goods from 1995 to 2018 and estimate a growth model using the generalised method of moments (GMM) to control for endogeneity and simultaneity issues.
Findings
The results show that the gains from export sophistication and globalisation is greater for economies with higher levels of economic development compared to economies with low levels of economic development. Moreover, the authors find that the gains from export sophistication are conditional on the level of globalisation. The authors’ results show that the marginal impact of export sophistication diminishes as developing economies become more globalised, while advanced economies gain more from export sophistication when globalisation precedes at a higher level.
Originality/value
Previous studies have generally examined the conditional growth effects of export sophistication on trade, economic development and other structural factors. To the best of the authors’ knowledge, this is the first study to examine the impact of globalisation, and the authors exploit the multidimensional concept of globalisation to test the hypothesis.
Peer review
The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-01-2023-0001.
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Thomas Korankye, Blain Pearson and Hossein Salehi
Although annuitization provides insurance against longevity risk that can benefit households, researchers have uncovered an annuitization puzzle, which suggests households are…
Abstract
Purpose
Although annuitization provides insurance against longevity risk that can benefit households, researchers have uncovered an annuitization puzzle, which suggests households are reluctant to annuitize their wealth. This study contributes to the discussions on the annuitization puzzle by examining investor sophistication and owning annuities in non-retirement accounts.
Design/methodology/approach
The study utilizes data from the 2018 U S National Financial Capability Study (NFCS). The empirical analyses are based on logistic regression estimates of annuity ownership on investor sophistication. Interpretations are based on odds ratios.
Findings
The findings indicate that investor sophistication contributes to the annuity puzzle. Investors with low objective and high subjective investment knowledge (overconfident investors) are more likely to own annuities compared to those with low objective and low subjective investment knowledge. However, investors with high objective and low subjective investment knowledge (under-confident investors) are less likely to choose annuity ownership compared to those with low objective and low subjective investment knowledge. The findings and ensuing discussion highlight the importance of annuitization when planning for retirement, with implications for financial service professionals.
Research limitations/implications
The measure of investor sophistication does not assess the difficulty level of each financial knowledge question. The questions used to construct the investor sophistication variable are based on general investment knowledge. In addition, the annuity ownership variable used in this study pertains to investments outside retirement accounts. Despite these limitations, the findings highlight the importance of annuitization when planning for retirement.
Originality/value
Unlike prior studies, the authors consider four mutually exclusive measures of investor sophistication constructed from measures of objective and subjective investment knowledge to understand the effect of investor sophistication on annuity ownership in the United States.
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Louis Raymond and Josée St‐Pierre
In order to deepen one's knowledge and further build theory on the implementation and use of advanced manufacturing systems (AMS) in small and medium‐sized enterprises (SMEs), the…
Abstract
Purpose
In order to deepen one's knowledge and further build theory on the implementation and use of advanced manufacturing systems (AMS) in small and medium‐sized enterprises (SMEs), the present research seeks to explore the following questions: What is the present level of AMS sophistication in SMEs? What characteristics of the SMEs' strategic, organizational and entrepreneurial context are associated with higher levels of AMS sophistication? And what are the operational and business performance impacts of this sophistication for small and medium‐sized manufacturers?
Design/methodology/approach
A survey of 248 Canadian manufacturers was used to collect data that were analyzed by structured equation modeling.
Findings
AMS sophistication significantly impacts both the operational performance and the business performance of SMEs. Antecedents of this sophistication include the education and experience of the owner‐manager, the strategic orientation of the firm, the type of production, and the commercial dependency of small manufacturers.
Research limitations/implications
The nature of the sample and perceptual nature of certain measures impose care in generalizing the results of the study. Future research should examine environmental factors (e.g. environmental uncertainty) and structural factors (e.g. structural complexity) in particular for added explanatory power of AMS sophistication.
Practical implications
Small business managers, wanting to increase their firm's manufacturing flexibility, reduce costs, improve quality, and eventually increase profitability, should look at the present level of AMS sophistication in conjunction with their strategic intent.
Originality/value
Given the dearth of empirical knowledge in this regard, the present study has contributed to a better understanding of the nature and state of AMS sophistication in small manufacturing firms, and of the antecedents and outcomes of this sophistication.
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Dongmin Lee, Junghoon Moon and Jaeseok Jeong
Recently, the role of consumers in firms' innovation processes has increased. Prior literature asserts that qualitative aspects of consumers serve as crucial factors shaping the…
Abstract
Purpose
Recently, the role of consumers in firms' innovation processes has increased. Prior literature asserts that qualitative aspects of consumers serve as crucial factors shaping the even competitiveness of a specific industry. This study focuses on measuring home demand conditions that enhance local firms' innovation.
Design/methodology/approach
The present study describes the development of a 12-item measure to assess consumer sophistication in the food industry. The items assess the general knowledge, experience, skills and abilities needed to purchase a specific food category. A second-order construct with three distinct first-order constructs emerged, which were termed opinion formulation, sensitivity and exposure with variety. The reliability and validity of the scale were assessed with pilot survey data using exploratory and confirmatory factor analyses. The developed measure was tested to investigate its effect on individuals' grocery buying behaviors using grocery receipt panel data from 723 consumers.
Findings
The results indicate that consumer sophistication has a positive effect on new and the variety of grocery purchases. The more sophisticated a consumer is, the more they buy new and a variety of products. The newly developed consumer sophistication measure has a variety of potential applications to predict consumers' variety-seeking and new product purchase behavior.
Originality/value
This study is the first to develop a measure for assessing demand quality, namely, consumer sophistication of a specific food product. This approach may offer insights to practitioners regarding the relevant consumer sophistication levels to target when launching a new product or service in the food industry.
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Noor Akma Mohd Salleh, Ruzita Jusoh and Che Ruhana Isa
Studies in performance measurement systems (PMS) seem to receive little attention in the information system (IS) literature. The purpose of this paper, therefore, is to contribute…
Abstract
Purpose
Studies in performance measurement systems (PMS) seem to receive little attention in the information system (IS) literature. The purpose of this paper, therefore, is to contribute to the stream of research in the fields of performance measurement and ISs.
Design/methodology/approach
The paper examines how IS sophistication is linked to PMSs by investigating the use of performance measures in the Malaysian financial services industry. Data were collected from 140 financial institutions through self‐administered questionnaire survey of top‐level executives. A component‐based structural equation modelling, partial least squares, was used to test the research model.
Findings
The results indicate that IS sophistication is a determinant of performance measures. The results also indicate that different dimensions of IS sophistication affect different dimensions of performance measures usage.
Originality/value
The paper significantly extends prior research on performance measures by establishing IS sophistication links to the different types of performance measures. Further, the findings clarify the distinct and important roles of each IS dimension's influence on performance measures.
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The degree of association between sophistication in distributionmanagement and service performance differs across industries. Whilethere are significant associations with some of…
Abstract
The degree of association between sophistication in distribution management and service performance differs across industries. While there are significant associations with some of the indicators of management sophistication in all three industries used in this study, there was no consistency in the results. The only industry for which there was statistical support for a positive association between management sophistication and service performance is foodstuffs. Even this only indicates poor service providers were less sophisticated management. For all three industry groups there is evidence that factors, other than the level of management sophistication, have influenced the service rankings. The differences in the relevant importance of customer service and the various elements of distribution service may be one such factor. The inconclusiveness of association results may have been contributed to by the failure to take into account inter‐relationships between various subsets of management variables.
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The purpose of this paper is to investigate the relationship between individual investors’ level of sophistication and their expectations of risk and return in the stock market.
Abstract
Purpose
The purpose of this paper is to investigate the relationship between individual investors’ level of sophistication and their expectations of risk and return in the stock market.
Design/methodology/approach
The author combines survey and registry data on individual investors in Sweden to obtain 11 sophistication proxies that previous research has related to individuals’ financial decisions. These proxies are related to a survey measure regarding individual investors’ expectations of risk and return in an index fund using linear regressions.
Findings
The findings in this paper indicate that sophisticated investors have lower risk and higher return expectations that are closer to objective measures than those of less-sophisticated investors.
Originality/value
These results are important, since they enhance the understanding of the underlying mechanisms through which sophistication can influence financial decisions.
Babajide Oyewo, Venancio Tauringana, Babajide Moses Omikunle and Olusola Owoyele
This study aims to investigate the relationship between organizational design elements (i.e. quality of management accounting skills and performance management system, PMS)…
Abstract
Purpose
This study aims to investigate the relationship between organizational design elements (i.e. quality of management accounting skills and performance management system, PMS), management accounting practice (MAP) sophistication and organizational competitiveness using the Global Management Accounting Principles (GMAP) framework.
Design/methodology/approach
Survey data was obtained through a structured questionnaire from 131 Nigerian firms. Measures of the quality of management accounting skills, robustness of PMS structure, MAP sophistication and organizational competitiveness were derived from the GMAP framework. Structural equation modelling was applied to explore the complexity of relationship among variables.
Findings
While the quality of management accounting skills was found to have a positive but insignificant impact on MAP sophistication, the impact of PMS structure on MAP sophistication was positive and significant. MAP sophistication has a positive impact on organizational competitiveness, but the magnitude of its contribution appears to depend on the quality of management accounting skills and the robustness of PMS structure. The inability of MAP sophistication to exert much influence on organizational competitiveness is attributable to the low contribution of management accounting skills. The result supports the proposition that performance is optimized when all organizational design elements are concurrently improved.
Practical implications
The study shows that organizations need to critically look into the quality of skills possessed by personnel in the accounting function, as all organizational design elements must be given equal importance to achieve the best results.
Originality/value
The study contributes to knowledge by investigating the quality of management accounting skills and the robustness of PMS as organizational design elements affecting MAP and organizational competitiveness using the GMAP framework. The study operationalizes some elements of the GMAP framework by developing measurements that can be used by future studies.
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Seán de Búrca, Brian Fynes and Teresa Brannick
To investigate the relationship between service practices, service performance, business performance and information technology (IT) sophistication.
Abstract
Purpose
To investigate the relationship between service practices, service performance, business performance and information technology (IT) sophistication.
Design/methodology/approach
A conceptual framework is developed, incorporating dimensions of services practice and service performance and structural equation modeling is used to test the model with data from 231 companies.
Findings
This paper extends the basic service practice‐service performance relationship by incorporating the interaction effects of IT sophistication in a contingency framework. Previous studies found mixed support for the direct effects of IT sophistication on service performance.
Research limitations/implications
Using single informants leads to common methods bias.
Practical implications
Companies need to identify how IT contributes to service effectiveness from a customer perspective.
Originality/value
This study adds to the emerging literature of the relationship between services management and information technology.
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Stephen J. Newell, Bob T. Wu, Philip A. Titus and Susan M. Petroshius
The purpose of this paper is to address the following questions: are sophisticated consumers more likely to be satisfied with their purchases? Are consumers who are more…
Abstract
Purpose
The purpose of this paper is to address the following questions: are sophisticated consumers more likely to be satisfied with their purchases? Are consumers who are more knowledgeable more apt to feel in control of their purchase decisions? Are they more likely to believe the transaction was fair? Are they less likely to have cognitive dissonance post‐purchase?
Design/methodology/approach
An empirical study examining the role of consumer sophistication on consumers' purchase satisfaction was conducted with a national sample of approximately 700 home purchasers.
Findings
The results revealed that shopping sophistication is a key determinant of whether consumers are satisfied with their purchase experience. Sophistication not only seems to affect satisfaction but also customer perceptions of control, fairness and dissonance.
Practical implications
Implications for marketing strategy and suggestions for future research are discussed.
Originality/value
This paper suggests that perception of sophistication plays a much more important role in affecting consumer purchase satisfaction than previously understood. Consequently, businesses need to be much more active in educating consumers so that they are better able to make more informed purchase decisions. Ultimately, by helping to facilitate this information flow, consumers will be more satisfied with the products and services they purchase, develop a greater loyalty to the company providing the data and be more likely to purchase similar products and services in the future.
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