Bo Tian, Zizhao Wang, Chunhao Li and Jiaxin Fu
According to relational contract theory, relational governance has potential to improve public-private partnership (PPP) infrastructure project sustainability. The main purpose of…
Abstract
Purpose
According to relational contract theory, relational governance has potential to improve public-private partnership (PPP) infrastructure project sustainability. The main purpose of this research is to investigate the association between relational governance and the sustainability of PPP infrastructure projects. Further, this study examines the mediating effect of managerial innovation and the moderating role of public involvement.
Design/methodology/approach
Research data were collected from 158 valid questionnaires completed by Chinese PPP professionals. Structural equation modeling (SEM) was then employed to test five hypotheses.
Findings
Results indicate a positive correlation between relational governance and PPP infrastructure project sustainability. This linkage is regulated by public involvement. In addition, managerial innovation plays a mediating role between relational governance and the sustainability of PPP infrastructure projects.
Originality/value
This study verifies the relationship between relational governance and PPP infrastructure project sustainability, as well as intermediary and regulatory factors, providing a new approach to achieving sustainability in PPP infrastructure projects.
Details
Keywords
Jiaxin (Sylvia) Wang, Xiaoxiao Fu and Youcheng Wang
This study aims to investigate the antecedents of frontline employees’ boundary-spanning behaviors in the hospitality industry. Anchored in transactional stress theory, affective…
Abstract
Purpose
This study aims to investigate the antecedents of frontline employees’ boundary-spanning behaviors in the hospitality industry. Anchored in transactional stress theory, affective events theory and motivation theories, a conceptual model was built to explore the impacts of hindrance stressors on boundary-spanning behavior.
Design/methodology/approach
Data were collected from frontline employees in the hospitality industry in the USA. Confirmatory factor analysis and structural equation modeling were used.
Findings
The findings revealed that despite hindrance stressors’ negative indirect impact on frontline employees’ boundary-spanning behaviors, intrinsic motivation worked effectively to reduce hindrance stress and influence subsequent emotions leading to boundary-spanning behaviors.
Practical implications
This study provides substantial and detailed strategies for hospitality practitioners who are pressed to alleviate the hindrance stressors from which frontline employees frequently suffer, foster employees’ positive emotions and ease negative emotions while promoting boundary-spanning behaviors. Cultivation of employees’ intrinsic motivation and emotional management is encouraged, as is effective organizational structure and management intervention. All of these are deemed helpful in buffering employees’ work-related stress while motivating them to go above and beyond their nominal duties.
Originality/value
Very few studies have examined how “bad” hindrance stressors affect boundary-spanning behaviors. Rather than suggesting that hindrance stressors are relevant only to counterproductive behaviors, this study extends both the stress and boundary-spanning literature by uncovering the impact of hindrance stressors on frontline employees’ boundary-spanning behaviors while accounting for the roles of workers’ motivation and emotion.
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Ailing Pan, Qian Wu and Jingwei Li
This paper aims to study the impact of external fairness of executive compensation on M&A premium, and examine the moderate role of institutional investors. The high M&A premium…
Abstract
Purpose
This paper aims to study the impact of external fairness of executive compensation on M&A premium, and examine the moderate role of institutional investors. The high M&A premium is the main factors that induce the huge impairment of listed companies’ goodwill and the plummeting performance. Executives are the decision-makers of M&As, and their decision-making process is inevitably affected by the psychological factors. In recent years, institutional investors have become an important external force that can affect the governance of listed companies.
Design/Methodology/Approach
The authors use M&A data of listed companies from 2008 to 2018 and use OLS regression to test the relationship between executive compensation fairness and M&A premium.
Findings
The results show that the lower the external fairness of executive compensation, the greater the M&A premium. Institutional investors can effectively reduce the impact of external compensation unfairness on M&A premiums. The mechanism tests show that executives' psychological perception of fairness induced by external unfairness reduces their motivation to work and prompts them to use high premium to seek alternative compensation incentives. Further examinations of executive characteristics and corporate characteristics show that the role of external unfairness in executive compensation in driving M&A premiums is more pronounced in companies with longer executive tenure, weaker executive reputation incentives and private property.
Originality/Value
This paper enriches the research on the pre-factors of M&A premiums from the perspective of executives’ psychological perception of fairness, provides evidence that institutional investors play a positive governance role and provides decision-making references for companies to take corresponding measures to reduce M&A premium risks.
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Maryam Doroodi and Alireza Mokhtar
The purpose of this paper is to predict the amount of energy consumption by using a suitable statistical method in some sectors and energy carriers, which has shown a significant…
Abstract
Purpose
The purpose of this paper is to predict the amount of energy consumption by using a suitable statistical method in some sectors and energy carriers, which has shown a significant correlation with greenhouse gas emissions.
Design/methodology/approach
After studying the correlation between energy consumption rates in different sectors of energy consumption and some energy carriers with greenhouse gas distribution (CO2, SO2, NOX and SPM), the most effective factors on pollution emission will be first identified and then predicted for the next 20 years (2015 to 2004). Furthermore, to determine the appropriate method for forecasting, two approaches titled “trend analysis” and “double exponential smoothing” will be applied on data, collected from 1967 to 2014, and their capabilities in anticipating will be compared to each other contributing MSD, MAD, MAPE indices and also the actual and projected time series comparison. After predicting the energy consumption in the sectors and energy carriers, the growth rate of consumption in the next 20 years is also calculated.
Findings
Correlation study shows that four energy sectors (industry sector, agriculture, transportation and household-general-commercial) and two energy carriers (electricity and natural gas) have shown remarkable correlation with greenhouse gas emissions. To predict the energy consumption in mentioned sectors and carriers, it is proven that double exponential smoothing method is more capable in predicting. The study shows that among the demand sectors, the industry will account for the highest consumption rate. Electricity will experience the highest rate among the energy careers. In fact, producing this amount of electricity causes emissions of greenhouse gases.
Research limitations/implications
Access to the data and categorized data was one of the main limitations.
Practical implications
By identifying the sectors and energy carriers that have the highest consumption growth rate in the next 20 years, it can be said that greenhouse gas emissions, which show remarkable correlation with these sectors and carriers, will also increase dramatically. So, their stricter control seems to be necessary. On the other hand, to control a particular greenhouse gas, it is possible to focus on the amount of energy consumed in the sectors and carriers that have a significant correlation with this pollutant. These results will lead to more targeted policies to reduce greenhouse gas emissions.
Social implications
The tendency of communities toward industrialization along with population growth will doubtlessly lead to more consumption of fossil fuels. An immediate aftermath of burning fuels is greenhouse gas emission resulting in destructive effects on the environment and ecosystems. Identifying the factors affecting the pollutants resulted from consumption of fossil fuels is significant in controlling the emissions.
Originality/value
Such analyses help policymakers make more informed and targeted decisions to reduce greenhouse gas emissions and make safer and more appropriate policies and investment.