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Article
Publication date: 31 October 2024

Fung Yi Tam and Jane Lung

The purposes of this study are to identify the ways that luxury fashion brands can leverage in metaverse retailing, and give insights to practitioners in the fashion industry who…

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Abstract

Purpose

The purposes of this study are to identify the ways that luxury fashion brands can leverage in metaverse retailing, and give insights to practitioners in the fashion industry who are planning to launch metaverse retailing.

Design/methodology/approach

To offer a balanced view of available evidence, this study adopted a literature review approach and attempted to collect all existing academic journal articles on the issues related to metaverse retailing and luxury fashion brands. A comprehensive literature search was conducted in electronic databases Google Scholar, Web of Science, Scopus, Pro Quest and Science Direct from January 2023 to April 2024. Based on the results of the research in literature, real-life examples of luxury fashion brands were used to explain the ways that luxury fashion brands in the metaverse retailing can be put into practice.

Findings

The findings have revealed that there are many ways that luxury fashion brands can leverage in the metaverse retailing. The fusion of metaverse-related technologies provides brands with a wide platform of choices that can create immersive, personalized marketing experiences for customers. Four roles of metaverse are identified: (1) enhance of immersive experience; (2) provide big data interface to smart decision-making; (3) form high-fidelity simulated space; and (4) maintenance economic system and making of identification. To further enhance the four roles of metaverse, four types of technologies and 15 components for metaverse can be adopted by luxury fashion brands.

Research limitations/implications

While this paper provides a literature review and real-life examples of luxury fashion brands in the metaverse retailing to explain the findings, further research is needed to evaluate the effectiveness of current efforts in the development of luxury fashion brands in the metaverse retailing through collecting both quantitative and qualitative data. Also, future studies may attempt to explore the challenges of investigating consumers in response to luxury fashion brands in the metaverse retailing.

Practical implications

The metaverse is turning imagination into reality through the integration of multiple technologies and is gaining momentum in tech. With technology leading the way, business leaders and brands must not only rethink retail but also bring immersive shopping experiences into the future. Metaverse has immense potential to transform the retail industry, thus the leading global and local firms must embrace innovation and new technologies, and prioritize “metaverse transformation” for their business. Based on the results of this study, some emerging practices pertaining to metaverse retailing are provided.

Originality/value

To the best of the authors’ knowledge, it would seem that this is the first work that conducts a literature review of the relevant academic journal articles addressed to the practitioners or managerial audiences in the area of luxury fashion industry who are concerned about the development of metaverse retailing. This paper identifies the ways that luxury fashion brands can leverage in the metaverse retailing and gives insights to practitioners in the luxury fashion industry who are planning to launch metaverse retailing.

Details

foresight, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1463-6689

Keywords

Article
Publication date: 17 January 2025

Vikram Desai, Joung W. Kim, Allison Kristina Beck, Renu Desai and Robin Roberts

We examine the content of auditors’ going concern opinions (GCOs) to investigate how the market reacts to particular explanations and to the overall number of reasons presented by…

Abstract

Purpose

We examine the content of auditors’ going concern opinions (GCOs) to investigate how the market reacts to particular explanations and to the overall number of reasons presented by auditors. We investigate whether the market reacts differentially to explanatory paragraphs alluding to specific financial concerns emphasized in the finance literature: reductions in expected future cash flows, difficulties with short-term liquidity and violations of debt covenants. Finally, we examine whether GCOs that are ex-post accurate, as indicated by a subsequent bankruptcy, are accompanied by more negative reactions.

Design/methodology/approach

We regress cumulative abnormal returns on the number of reasons cited by auditors and indicator variables for whether auditors cited concerns pertaining to future cash flows, debt covenant violations or short-term cash holdings. We include an indicator for subsequent bankruptcy and control variables.

Findings

The market reaction to GCOs is significantly more negative when auditors offer more reasons or specifically cite a decrease in expected future cashflows or a violation of debt covenants and when GCOs are ex-post accurate.

Research limitations/implications

The results indicate that auditors’ explanations for GCOs contain incremental information content that is useful to investors.

Practical implications

We find that more detailed GCO reports are more informative to investors, supporting the need for regulations requiring auditors to provide detailed justifications when issuing GCOs.

Originality/value

This study is the first to examine how the number of reasons given by auditors affects market reactions to GCOs and to specifically examine how investors react to GCOs that cite violations of debt covenants or reductions in future cash flows as justifications for the GCO.

Details

Journal of Applied Accounting Research, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0967-5426

Keywords

Article
Publication date: 30 December 2024

Hans Louis-Charles, Sahar Derakhshan, Amidu Kalokoh, Curtis Brown and Anthony Starke

Recent US federal executive orders have prioritized equity within the federal government, and the Federal Emergency Management Agency (FEMA) has declared equity as a foundational…

Abstract

Purpose

Recent US federal executive orders have prioritized equity within the federal government, and the Federal Emergency Management Agency (FEMA) has declared equity as a foundational pillar in their 2022–2026 Strategic Plan. This research study investigates the distributive equity of the most locally disseminated FEMA grant, the Emergency Management Performance Grant (EMPG).

Design/methodology/approach

The Commonwealth of Virginia was selected for our research study due to its exposure to natural hazards, recent disaster losses, variance among local emergency management programs, and high-profile political disputes against diversity, equity and inclusion (DEI) initiatives. EMPG data from 2020 to 2023 were analyzed for correlations with social vulnerability (SoVI®), community resilience (BRIC), previous disaster losses (SHELDUS), and the National Risk Index (NRI). A difference of means test was conducted on the jurisdictions that opted out of participation in the EMPG.

Findings

Virginia’s current EMPG funding is allocated disproportionately to wealthier local jurisdictions with lower social vulnerability, higher community resilience, and lower previous disaster losses. Jurisdictions that opted-out or received the minimum amounts had a disproportionately higher amount of total disaster losses.

Originality/value

This study provides a novel approach to evaluating the equity of public funding dedicated to local disaster preparedness. The findings are instructive to federal lawmakers, state governments and global initiatives in climate resilience with a similar allocation process focused solely on population sizes. The framework of this research study is easily replicable, and the metrics are publicly available for future researchers.

Details

Disaster Prevention and Management: An International Journal, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0965-3562

Keywords

Article
Publication date: 17 September 2024

Melinda Smale, Veronique Theriault and Amidou Assima

To orient the commercial development of cowpeas, we identify the determinants of the value of cowpea grain sold by traders in Senegal’s local markets. We test whether the…

Abstract

Purpose

To orient the commercial development of cowpeas, we identify the determinants of the value of cowpea grain sold by traders in Senegal’s local markets. We test whether the determinants differ between men and women traders and explore seasonal patterns.

Design/methodology/approach

We employ ordinary least squares and seemingly unrelated regressions using a nationally representative dataset of 973 traders, of whom 380 sell cowpea grain, in 99 urban and rural markets across the 14 regions of Senegal.

Findings

The value of cowpea grain sold is influenced by vendor and market characteristics but not by cowpea type. Women and men traders represent statistically distinct groups. The sales value was eight times higher during the survey season among men. Most women grain sellers are retailers, whereas men are involved in both retailing and wholesaling. The picture that emerges is that men traders are able to respond more to economic signals, such as purchase cost, credit and labor payments, perhaps because they operate on a larger scale. Sales were significantly correlated across seasons.

Research limitations/implications

To support cowpea commercialization, researchers should explore the characteristics of enterprises led by women and men traders in greater depth. Sampling grain sold in markets to test genetic relationships with improved varieties would enable researchers to link market-based incentives directly to cowpea breeding.

Originality/value

Previous economics research about cowpea grain markets emphasized the hedonic analysis of grain characteristics to guide crop improvement. This study reveals differentiation among traders by gender and the importance of trader and market characteristics in sales value.

Details

Journal of Agribusiness in Developing and Emerging Economies, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2044-0839

Keywords

Article
Publication date: 2 August 2024

Wassim Albalkhy, Rateb Sweis, Hassan Jaï and Zoubeir Lafhaj

This study explores the role of the Internet of Things (IoT) as an enabler for Lean Construction principles and tools in construction projects.

Abstract

Purpose

This study explores the role of the Internet of Things (IoT) as an enabler for Lean Construction principles and tools in construction projects.

Design/methodology/approach

In response to the scarcity of studies about IoT functionalities in construction, a two-round systematic literature review (SLR) was undertaken. The first round aimed to identify IoT functionalities in construction, encompassing an analysis of 288 studies. The second round aimed to analyze their interaction with Lean Construction principles, drawing insights from 43 studies.

Findings

The outcome is a comprehensive Lean Construction-IoT matrix featuring 54 interactions. The highest levels of interaction were found in the Lean Construction principle “flow” and the functionality of “data transfer and real-time information sharing”.

Research limitations/implications

The study focuses on the role of IoT as an enabler for Lean Construction. Future work can cover the role of Lean as an enabler for advanced technology implementation in construction.

Originality/value

The Lean Construction-IoT matrix serves as a resource for researchers, practitioners, and decision-makers seeking to enhance Lean Construction by leveraging IoT technology. It also provides various examples of how advanced technology can support waste elimination and value generation in construction projects.

Details

Smart and Sustainable Built Environment, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2046-6099

Keywords

Article
Publication date: 12 November 2024

Ibrahim Mohammed Hameed, Jagdeep Singla and Ridhima Goel

This paper aims to complex relationship between management information systems (MIS) and organizational agility, identifying gaps and key themes to guide future research in this…

Abstract

Purpose

This paper aims to complex relationship between management information systems (MIS) and organizational agility, identifying gaps and key themes to guide future research in this domain.

Design/methodology/approach

A systematic extraction of 578 relevant articles from the Scopus database was conducted to provide an in-depth bibliometric analysis of the evolving role of MIS in enhancing organizational agility. Data analysis and visualization were performed using R Studio and VOSviewer.

Findings

The analysis highlights significant publication trends and identifies leading countries, institutions and journals in MIS and organizational agility research. Collaborative efforts from nations such as the USA, China and the UK, were prominent, focusing on information technology alignment, strategic agility and big data analytics. This study delineates distinct research clusters and future research questions, offering a clear trajectory for ongoing exploration in the field.

Originality/value

To the best of the authors’ knowledge, this study is one of the first to provide a comprehensive bibliometric analysis of the intersection between MIS and organizational agility. It offers valuable insights into research trends and future directions while emphasizing the need for MIS deployment, thereby contributing to a comprehensive understanding of the field.

Details

Competitiveness Review: An International Business Journal , vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1059-5422

Keywords

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