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This paper is an attempt to re-examine the validity of the Twin Deficit Hypothesis in the Indian economy, which is characterised by mounting inequality and liquidity constraints. The authors augment the econometric analysis with two important mediating variables, exchange rate and trade openness, to analyse their impact on current account deficit.

The authors have used a ground-breaking asymmetric cointegration technique proposed by Shin et al. (2014) to investigate the short-run and long-run asymmetric nexus between gross fiscal deficit and current account deficit. In addition, the study has used asymmetric dynamic multipliers to see the dynamics of nonlinear adjustment from disequilibrium in the short run to equilibrium in the long run. The study has also used generalised impulse response functions to check the robustness of our cointegration results.

Using annual time series data from 1970 to 2018, the empirical exercise validates the presence of asymmetries in the Twin Deficit Hypothesis for the Indian economy. This study's robust findings demonstrate that the two deficits are asymmetrically related in the long run. The authors also found that exchange rate asymmetrically affects current account deficit thus validating the asymmetric J-curve phenomenon. From the causality analysis, the authors infer that there is a weak unidirectional causality running from fiscal deficit to current account deficit.

Fiscal deficit may cause current account deficit via changes in other macroeconomic variables that were not taken care of in this study. Therefore, the estimation techniques used in the present study might suffer from the issue of omitted-variable bias. Further research should include other macroeconomic variables where the twin deficit nexus is also influenced by other relevant variables. This will help in disentangling the indirect transmissions by which fiscal deficit translates into current account deficit.

The results from our econometric exercise strongly suggest that the twin deficits are asymmetrically related. From a policy perspective, the asymmetric twin deficit nexus offers strong policy implications for the development of policies that are flexible enough to respond to shifts in internal and external sector dynamics. While framing the mechanism of fiscal prudence, policymakers in emerging countries like India must take into account the regime-changing behaviour of twin deficits.

The present paper is a significant contribution to the existing body of literature by being the first study in India which has analysed the Twin Deficits phenomenon in a nonlinear framework with the incorporation of asymmetric exchange rate dynamics in the model.

The construction industry plays a significant economic role but has struggled with improving labor productivity. Understanding the reasons behind this slow growth is valuable for the industry’s sustainability and improving wages. This study aims to explore the impact of capital intensity and the interaction effect of market regulations on construction labor productivity.

Using two-stage least squares panel data modeling, financial data from 55 Malaysian construction firms and economic data from 2009 to 2020 are analyzed.

The findings reveal that higher capital intensity associated with mechanization and innovation generally boosts labor productivity. However, certain market regulations, such as economic and capital freedom (ECF) and foreign debt rules (FDR), can counteract this positive effect. This suggests that poorly developed financial regulations may lead to inefficient capital allocation, reducing labor productivity in the long run.

The study highlights the importance of policymakers understanding these dynamics to develop effective strategies for enhancing labor productivity in the construction industry by considering the impact of capital intensity and the moderating effect of market regulation.

Departing from previous studies, this paper aims to explore the predictive roles of financial indicators on diversity.

Data on all companies that are publicly traded was acquired from the Refinitiv Eikon database. The final list, which comprises 873 worldwide business data from 2021, composed the dataset. We used fundamental forward selection techniques, multiple regression and best subset regression in R programming to look at the data and find the most critical factors.

We found support for the predictive roles of financial indicators on total diversity score and its three components in global companies. In addition, bagging and random forest algorithms were able to find a predictor role of total liability on the diversity pillar score and inclusion score. In contrast, the people development score was best estimated by R. The boosted regression algorithm was also able to find evidence of the predictor role of total liability for people development and inclusion score but not for diversity pillar score.

This study is one of the first to examine financial predictors of firms’ diversity scores using machine learning algorithms. The discussion section offers theoretical and practical implications and directions for further research.

Natural elements in the biological organs of plants and animals consist of repetitive geometries, which often form the basis for the new lattice structure design with improved performance. The purpose of this study is to investigate the energy absorption capabilities and deformation behavior of lattice structures inspired by Helleborus petticoat flower and fish scale patterns.

The authors designed arc-shaped strut lattice structures by incorporating the geometrical features of Helleborus petticoat flower and fish scale pattern into lattice strut configuration. The structures were printed from thermoplastic polyurethane (TPU) material using fused deposition modeling process and tested under uniaxial compression. The energy absorption parameters, such as specific energy absorption (SEA), mean plateau stress, onset densification strain and absorption efficiency were determined, and deformation mechanism under static compression was analyzed. The SEA of proposed structures was compared with other TPU structures in the reported literature.

The results show that the lattice strut configuration affects the mechanical properties, energy absorption characteristics and deformation behavior of the proposed bio-inspired structures. The SEA was found to be in the range of 0.34–0.97 kJ / kg. Overall, the novel flower-inspired structure displayed significantly higher SEA (+185%), compared to fish scale-derived structure.

To the best of the authors’ knowledge, the authors have designed the proposed lattice structures for the first time. The energy absorption characteristics and deformation behavior of proposed lattice structures had never been reported previously.

The impacts of institutions on entrepreneurship and innovation, as well as the effects of technological development, have been subject to various research studies. While this theme inherently remains a focus for political decision-makers, there is very little knowledge on the combined role of institutions, entrepreneurial orientations and innovation capabilities on the technological development of countries. In this study, we examine the impacts of entrepreneurial orientation and the innovative capacity of countries through considering the moderating effect of technological development.

The data used in this study has been collected from various sources, including the World Economic Forum United Nations (UN), World Bank (WB), Organization for Economic Cooperation and Development (OECD), World Intellectual Property Organization (WIPO), National Consortium for the Study of Terrorism and Responses to Terrorism (START) and Scimago. The study focuses on 86 countries that are either at stage 2 or stage 3 of development or in the transition from stage 2 to stage 3.

We have found that corporate governance, property rights and security institutions have a positive influence on a country’s entrepreneurial mindset and its ability to innovate. Additionally, we have noted that technological advancements also play a role in moderating this relationship. These findings have important implications for the theory, practice and public policies in this area.

This study emphasizes the substantial impact of institutional quality on the entrepreneurial mindset and innovation capabilities of businesses. It shows that perceiving institutions as more stable can have a positive effect on both entrepreneurial orientation and innovative capabilities, ultimately improving companies' competitiveness.

The current article integrates four prominent directions of modern research on workplace social courage. We (1) apply a novel framework, psychological contract theory, to identify (2) work engagement and moral disengagement as potential antecedents of social courage, (3) unethical pro-organizational behaviors as a possible duplicitous outcome of these antecedents and (4) moderating effects of moral disengagement on the relations of work engagement with these outcomes.

We perform a two-wave survey study (n = 347), wherein antecedents are measured at Time 1 and outcomes are measured at Time 2 (one week later).

We support that work engagement and moral disengagement significantly relate to both workplace social courage and unethical pro-organizational behaviors. We also support that moral disengagement moderates the relation of work engagement with unethical pro-organizational behaviors but not workplace social courage.

We highlight that work engagement can be a possible avenue to promote workplace social courage, but organizations should monitor any interventions because it may also promote unethical pro-organizational behaviors for those who are morally disengaged. We also contend that the current results support the “resiliency of courage” by discovering a nonsignificant moderating effect, providing further support for this broadly replicable aspect of workplace social courage.

We discuss how these findings support psychological contract theory as a viable lens to understand workplace social courage, and we call on future researchers to apply the theory to identify further relations of the construct.

Additive manufacturing offers the ability to produce complex, flexible structures from materials like thermoplastic polyurethane (TPU) for energy-absorption applications. However, selecting optimal structural parameters to achieve desired mechanical responses remains a challenge. This study aims to investigate the influence of key structural characteristics on the energy absorption and dissipation behavior and the deformation process of 3D-printed flexible TPU line-oriented structures.

Samples with varying line orientations and infill densities were fabricated using material extrusion and subjected to quasi-static compression tests. The design of experiments methodology explored the significance of design variables and their interaction effects on energy absorption and dissipation.

The results revealed a statistically significant interaction between infill density and orientation, highlighting their combined influence; however, the effect was less pronounced compared to infill density alone. For low-density structures, changing the orientation from 0°/90° to 45°/−45° and increasing infill density enhanced energy absorption and dissipation, while high-density structures exhibited unique energy absorption behavior influenced by deformation patterns and heterogeneity levels. This study facilitates the prediction of mechanical responses and selection of suitable TPU line-oriented printed parts for energy absorbing applications.

To the best of the authors’ knowledge, the present work have investigated for the first time the energy-related responses of flexible line-oriented TPU structures highlighting the distinction between the low and high density structures.

Despite the increasingly salient role of smart manufacturing (SM) in revolutionizing operational processes, little research has explored the dynamics of corporate executives’ decision-making on SM projects after their initiation. To fill this research gap, this study examines the configurations of project complexities (i.e. technological breadth and organizational breadth) and industry conditions (i.e. industry growth and industry competition) that shape managerial decisions to complete or terminate SM projects.

Using secondary data of 125 SM projects implemented in 106 manufacturers during the 2011–2020 period, we conduct a fuzzy-set qualitative comparative analysis to empirically derive equifinal configurations that lead to the completion or termination of SM projects.

The results reveal that project complexities and industry conditions work together in configurations where manufacturers will complete or terminate SM projects. We employ prospect theory to elucidate the findings and offer propositions.

Our study extends the extant SM literature by revealing the configurations of project complexities and industry conditions that shape managerial decisions on the completion or termination of SM projects after their initiation. It contributes to the prospect theory literature by accounting for the roles of both decision content and decision context and providing empirical evidence on their joint effects on managerial risk-taking decisions that alter the subjective value and probability weight of decision outcomes.

The purpose of this study is to examine the direct and indirect effects of motivating language on organizational commitment, as this phenomenon has drawn the attention of researchers.

This study employs social exchange theory and motivating language theory to examine data collected from 217 full-time employees across various US-based companies. The proposed hypotheses were analyzed using the PLS-SEM method.

This study’s findings demonstrate that motivating language positively affects employees’ organizational commitment and affective trust but not cognitive trust, which mediates the relationship between motivating language and organizational commitment.

There are some limitations of our study that need to be mentioned. First, there are concerns about survey data collection via M-Turk (Shapiro et al., 2013). We attempted to overcome some of these problems by including questions to identify careless respondents. Also, we eliminated many respondents who completed the surveys in unreasonably short periods of time. Hence, we believe we accounted for response bias with these check points. Also, while we believe our final sample is a representative sample due to the significant amount of data elimination during the data collection, we believe that checking for non-response bias, as Armstrong and Overton (1977) suggest, is imperative. Unfortunately, due to the nature of M-Turk, that is impossible. However, M-Turk recruits respondents based on the parameters provided by the researchers, so we expect the non-respondents to be not significantly different from the respondents. In parallel to that, we acknowledge the limitations of our study sample. Due to that reason, our findings must be considered within the context of our sample parameters. We urge future researchers of this area to further validate our findings in different types of samples.

To the best of the authors’ knowledge, they are the first to analyze the impact of motivating language on organizational commitment and the mediating role of trust (cognitive and affective) in this relationship.

New public management reforms have allocated a central place within public organisations to performance measurement. The balanced scorecard (BSC) is one of the models adapted and promoted for use in that setting. After more than 30 years of practice, this study reviews the leading literature published on the BSC for government entities and considers how it has been developed, the main insights gained and what could be investigated further.

A literature review procedure inspired by a structured literature review process was conducted using the Scopus and Web of Science databases.

Our research approach allowed us to obtain 39 articles published in 26 journals, showing a steady interest over the period from 1999 to 2022. These studies mainly adopt a case study approach with a practical orientation. With diverse situations reported, ranging from more beneficial situations to ones involving greater difficulties, this study calls for future researchers to investigate not only the implementation and use issues of the BSC but also its continuing use over time and the course that its application may take. Additionally, future researchers should not ignore the political and social issues concerning its implementation and use. We also observe that qualitative approaches are likely to remain valuable research designs for pursuing our research suggestions.

This study offers a comprehensive review of the use of the BSC for government entities, connecting the results and considerations to further research with reflections on NPM.