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Article
Publication date: 16 December 2024

Jordi Fortuny-Santos, Patxi Ruiz-de-Arbulo-López, Eugenio Zubeltzu-Jaka and Itziar Lujan-Blanco

The purpose of this study is to analyze the relationship between lean manufacturing and corporate environmental performance. Scholarly literature has extensively addressed the…

Abstract

Purpose

The purpose of this study is to analyze the relationship between lean manufacturing and corporate environmental performance. Scholarly literature has extensively addressed the relationship between those two areas but empirical papers present mixed and inconsistent results, calling for further analysis to establish a clearer understanding of the actual relationship and to identify the causes of conflicting findings across studies. Given the importance of sustainable practices in the current business landscape, this paper aims to provide a comprehensive overview of this relationship through a meta-analysis of previous research, with a focus on integrating quantitative findings to shed light on the potential impact of lean manufacturing on environmental performance and report its intensity with Pearson’s correlation coefficient.

Design/methodology/approach

This paper analyzes the data from 29 primary studies published between 2001 and 2022 that have empirically measured the relationship between lean manufacturing and corporate environmental performance and that have been identified in the Web of Science and SCOPUS databases through an exhaustive review of the literature. To integrate previous empirical results and evaluate the evidence for the lean manufacturing’s influence on environmental performance, a meta-analytic methodology was adopted through the Hedges–Olkin random effect approach, based on correlations.

Findings

Main findings support the notion that a significant, positive, rather moderated, relationship exists between lean manufacturing and environmental performance, with an overall correlation coefficient r¯ = 0.25. The result seems robust, as several tests confirm that publication bias is unlikely. Overall, various lean practices are correlated to varying degrees with different measures of environmental performance. The environmental efficiency of external lean practices is higher than that observed for internal practices and quality management has a more pronounced effect than other internal lean practices. The 2008 global crisis did not change these relationships and the impact of lean manufacturing on environmental performance does not seem to be moderated by the degree of environmental awareness of the country where applied.

Research limitations/implications

The results conclude that a significant, positive relationship exists between lean manufacturing and environmental performance (r¯ = 0.25). This study tests certain factors that exhibit varying effect sizes and moderate the overall outcome, highlighting that the environmental efficiency of external lean practices is higher than that observed for internal practices. In addition, it suggests a more pronounced effect of quality management among other internal lean practices.

Practical implications

This study provides companies with an opportunity to align their operational strategies with environmental sustainability goals. Understanding that various lean practices exhibit diverse levels of correlation with multiple measures of environmental performance, decision-makers can prioritize their efforts and apply the lean practices that have a stronger effect on the desired environmental outcomes to improve their environmental impact. Conversely, managers are aware that certain lean practices have a week relationship with some environmental performance so they can avoid overestimating environmental benefits of lean manufacturing. Finally, results underscore the importance of organizational commitment to environmental sustainability.

Originality/value

It is, to the best of the authors’ knowledge, the first meta-analytic study to investigate the strength of the association between lean manufacturing and environmental performance and to test whether various lean practices are correlated to different measures of environmental performance. It fills this gap in the literature and therefore it represents a valuable contribution to the field. In addition, this paper explores certain factors that moderate the overall outcome.

Details

International Journal of Lean Six Sigma, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2040-4166

Keywords

Article
Publication date: 31 December 2024

Wenlei Shi

This study aims to develop an analytical model for generating relational rent within network organizations and to establish a comprehensive framework for the allocation of such…

Abstract

Purpose

This study aims to develop an analytical model for generating relational rent within network organizations and to establish a comprehensive framework for the allocation of such rent.

Design/methodology/approach

The design stage involves the formulation of integrated computer-aided manufacturing definition (IDEF0) methodologies. The construction stage comprises the detailed elaboration of three distinct stages for rent allocation methods.

Findings

The “relational rent” perspective has illustrated that firms create value and distribute rent within network organizations by identifying partners with complementary resources, establishing high levels of robust informal trust, sharing knowledge and making customized investments tailored to their partners’ needs.

Practical implications

This innovative approach, for the first time, sheds light on the path for managers to secure the stability of network organizations by implementing multiple iterations of benefit distribution. However, it remains an area lacking standardized guidelines for decision-makers. Essentially, our paper pioneers the endeavor, marking the inaugural step toward ensuring network organization stability through profit distribution decisions. Additionally, it constitutes the initial attempt to bridge the gap between qualitative analysis and a quantitative profit distribution framework.

Originality/value

This rent allocation method unequivocally highlights the importance of efficient allocation within network organizations, emphasizing the streamlining of the allocation process and thus substantiating the rationality of the proposed method.

Details

Management Decision, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0025-1747

Keywords

Article
Publication date: 22 October 2024

Hongtao Yang, Xin Xie and Hanhui Zhou

Entrepreneurial passion is constantly considered a core driver of the entrepreneurial process. In reality, however, many passionate entrepreneurs still fail to persist in their…

Abstract

Purpose

Entrepreneurial passion is constantly considered a core driver of the entrepreneurial process. In reality, however, many passionate entrepreneurs still fail to persist in their ventures. Whether entrepreneurial passion negatively affects entrepreneurial persistence is not well known. The current study explores how entrepreneurial passion inhibits entrepreneurial persistence based on self-regulation theory. The moderating role of the perceived entrepreneurial institutional environment on the relationship is further investigated.

Design/methodology/approach

The study collected data from 200 entrepreneurs using a two-stage questionnaire. In the first stage, demographic information was obtained from the respondents, and their entrepreneurial passion, self-regulatory assessment mode and perceived entrepreneurial institutional environment were measured. Three months later, in the second stage, entrepreneurial persistence was evaluated.

Findings

The results show that entrepreneurial passion has a positive effect on self-regulatory assessment mode. Further, self-regulatory assessment mode negatively impacts entrepreneurial persistence and mediates the negative relationship between entrepreneurial passion and persistence. In addition, the greater the perceived level of the entrepreneurial institutional environment is, the weaker the positive association between entrepreneurial passion and self-regulatory assessment mode and the weaker the mediating effect of self-regulatory assessment mode on the relationship between entrepreneurial passion and entrepreneurial persistence and vice versa.

Originality/value

This paper clarifies the unknown negative effects of entrepreneurial passion, contributes to the theoretical relationship between the constructs of entrepreneurial passion and persistence and provides insights for decision-making by entrepreneurs, government and venture capital institutions.

Details

Management Decision, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0025-1747

Keywords

Article
Publication date: 11 December 2023

Nitika Gaba and Madhumathi R.

Research on the significance of corporate social responsibility (CSR) and value creation is nascent as compared to CSR and financial performance. The concept of value is also…

Abstract

Purpose

Research on the significance of corporate social responsibility (CSR) and value creation is nascent as compared to CSR and financial performance. The concept of value is also evolving because of changing business environments, globalization and the expanded idea of CSR. Nowadays, managers expect a more quick, pragmatic approach to satisfy valid stakeholder claims while simultaneously creating competitive advantage through reputation and investor value. The paper aims to examine the impact of CSR on the market and sustainable value creation through CSR expenditure in India and the moderating role of pressure-sensitive institutional investors (PSII).

Design/methodology/approach

The study used panel data regression methodology on a sample of 1,845 non-financial Indian firms from 2015 to 2021.

Findings

CSR creates market and sustainable value for non-financial Indian firms in line with stakeholder theory. The authors find a positive moderating role of governance represented by PSII on CSR and market value creation but not on sustainable value.

Research limitations/implications

The study is based on secondary data. CSR, despite being a regulatory obligation, provided long-term benefits that increased their sustainable growth rate. The results highlight the importance given by financial markets to CSR activities. Other types of institutional investors can also be examined in future research. CSR can be embedded in the core operations of the firm, which can help in fostering a culture of sustainability and responsible business practices that benefit firms and society as a whole. Tax incentives can be provided to firms investing in CSR.

Practical implications

CSR provides long-term benefits to the firm, which enhances the goodwill and integrity of the firm in the market. The results reveal that besides capital market investors, firms are subject to the scrutiny of consumers, communities and the government as expectations rise and information spreads faster, which can have repercussions. CSR helps in meeting such expectations and the perceived value of the firms. Managers and chief executive officers (CEOs) can pay attention to the type of institutional investors like PSII, which can be formed as a part of the firm’s CSR strategy.

Social implications

The positive impact of CSR on sustainable value expresses a long-term management orientation based on the improvement of stakeholder relations and the associated environmental impacts referring to cohesion and consensus, market opportunities and strengthened reputation and image. A sustainable company involves a conscious and continuing effort in the equilibrium between contrasting stakeholders’ expectations in an attempt to optimize value creation. Tax exemption can be provided for CSR activities.

Originality/value

The authors contribute to the scant literature on CSR and value creation, especially sustainable value, as most of the prior studies are not empirical on sustainable value in the Indian context. Managers and CEOs can pay attention to the types of institutional investors like PSII, which can be formed as a part of the firm’s strategy.

Details

Journal of Financial Reporting and Accounting, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1985-2517

Keywords

Article
Publication date: 29 November 2024

Chao Li, Zhongming Wang and Honghao Hu

This paper aims to investigate the relationship between empowering leadership and innovative job performance, with challenge stress and hindrance stress acting as parallel…

Abstract

Purpose

This paper aims to investigate the relationship between empowering leadership and innovative job performance, with challenge stress and hindrance stress acting as parallel mediators. Additionally, the study examines how promotion focus and prevention focus moderate these dual processes.

Design/methodology/approach

A two-wave survey was employed to validate the theoretical model, gathering data from 449 employees across various industries in Mainland China with a convenience sampling method.

Findings

The results demonstrate that empowering leadership enhances employee innovative job performance by increasing challenge stress and reducing hindrance stress, highlighting the moderating role of regulatory focus. Specifically, a high promotion focus strengthens the positive relationship between empowering leadership and challenge stress, while a high prevention focus weakens the negative relationship between empowering leadership and hindrance stress. The moderated mediation effect of regulatory focus is also verified.

Practical implications

Empowering leaders should be mindful of employees’ dualistic work stress and implement tailored management strategies based on individual regulatory focus to maintain their psychological well-being and enhance innovative performance.

Originality/value

Grounded in job demand-resource (JD-R) theory and a stress perspective, this study develops a dual-path model to explore the impact of empowering leadership on employee innovative job performance through dualistic work stress. This framework enhances our understanding of the mechanisms underlying the effectiveness of empowering leadership and the antecedent factors influencing employee well-being and innovative performance. Furthermore, by examining the role of employees’ regulatory focus, this study clarifies the boundary conditions of empowering leadership effectiveness, addressing inconsistencies in previous research findings.

Details

Baltic Journal of Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1746-5265

Keywords

Article
Publication date: 6 December 2024

Yixin Ding, Zhen Lei and Junrong Wei

Building on expectancy violations theory, this study aims to investigate the role of negative performance feedback in firm’s mergers and acquisitions (M&A) intensity, a typical…

Abstract

Purpose

Building on expectancy violations theory, this study aims to investigate the role of negative performance feedback in firm’s mergers and acquisitions (M&A) intensity, a typical risky strategic option which might entail negative reactions from shareholders, and also examine the moderating effects of top management teams (TMTs) regulatory focus on this relationship.

Design/methodology/approach

The authors use a longitudinal panel sample of 2,042 Chinese A-share listed manufacturing firms and data for the years between 2007 and 2019 collected from multiple data sources. Furthermore, the authors also conducted supplementary analyses and various robustness checks of the key variables.

Findings

The findings show that both the intensity and duration of negative performance feedback negatively impact firms’ M&A intensity. Besides, the effect of negative performance feedback on M&A intensity will be magnified when the focal firm of TMTs with high prevention focus.

Practical implications

During the period of performance depression, TMTs are supposed to focus on stability, keep an eye on potential risks and be prudent in making decisions like walking on eggshells to avoid making further losses.

Originality/value

This study develops a core mechanism – managers of underperformance firms prioritize meeting shareholder expectations as their foremost task to ensure minimal negative repercussions – and also highlights the role of fit between TMT prevention focus and negative performance feedback on M&A intensity.

Details

Chinese Management Studies, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1750-614X

Keywords

Article
Publication date: 9 January 2024

Coky Fauzi Alfi, Maslinawati Mohamad and Khaled Hussainey

This study conducts a meta-analysis to investigate the impact of board diversity, independence and size on carbon emission disclosure.

Abstract

Purpose

This study conducts a meta-analysis to investigate the impact of board diversity, independence and size on carbon emission disclosure.

Design/methodology/approach

The results of 22 empirical investigations on the association between board qualities and carbon emission disclosure are synthesised using a meta-analysis approach. Inclusion and exclusion criteria are established, and search strategies are devised to locate relevant material. Data extraction entails gathering important information such as the names of the authors, variables and correlation coefficients. Fisher's z-transformation is used to compute and synthesise effect sizes and assumptions, sensitivity testing and subgroup analysis are performed to assess the robustness of the findings.

Findings

A substantial association was discovered between board characteristics and carbon emission disclosure. Board independence and gender diversity revealed small to medium-strength positive relationships, whilst board size had a medium-strength positive correlation. The study periods varied from 2011 to 2022, with 2018 having the most studies. However, highly heterogeneous groups were discovered; further subgroup analyses were then carried out to sort out this issue.

Research limitations/implications

Several limitations were recognised due to the limited number of studies and heterogeneity, although subgroup analysis was used to reduce the influence of heterogeneity. To investigate alternate outcomes, more analysis of the heterogeneity level and potential modifications to the model assumptions may be required.

Practical implications

Companies should consider board size, independence and gender diversity when formulating long-term competitive strategies in the climate change movement. These characteristics can aid in bridging information gaps and garnering stakeholder support for carbon-reduction initiatives.

Originality/value

This meta-analysis addresses a gap in the literature by addressing prior studies' conflicting and inconsistent findings on the association between board characteristics and carbon emission disclosure. It employs a rigorous approach and synthesis strategy to provide a thorough and robust understanding of the crucial role of board characteristics in carbon emission disclosure.

Details

Journal of Accounting Literature, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0737-4607

Keywords

Article
Publication date: 23 January 2025

Ningning Cui and Jianyu Zhang

The profound impact of the COVID-19 pandemic on the film industry has underscored the growing significance of online movies. However, there is limited research available on the…

Abstract

Purpose

The profound impact of the COVID-19 pandemic on the film industry has underscored the growing significance of online movies. However, there is limited research available on the factors that influence the viewership of online films. Therefore, this study aims to use the signaling theory to investigate how signals of varying qualities affect online movie viewership, considering both signal transmission costs and prices.

Design/methodology/approach

This study uses a sample of 1,071 online movies released on the iQiyi from July 2020 to July 2022. It uses OLS regression and instrumental variable method to examine the impact of various quality indicators on the viewership of online movies, as well as the moderating effect of price.

Findings

After conducting a thorough analysis of this study, it can be deduced that the varying impacts on online movie viewership are attributed to disparities in signal transmission costs. Specifically, star influence and rating exhibit a positive effect on the viewership of online movies, whereas the number of raters has a detrimental impact. Furthermore, there exists an “inverted U-shaped” relationship between the number of reviews and online movie viewership. Additionally, within the consumer decision-making process, both price-cost and price-quality relationships coexist. This is evident as prices negatively affect online movie viewership but positively moderate the relationship between rating, number of reviews and online movie viewership.

Originality/value

The research findings of this study offer valuable insights for online film producers to effectively leverage quality signals and pricing, thereby capturing market attention and enhancing film profitability.

Details

Nankai Business Review International, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2040-8749

Keywords

Article
Publication date: 3 December 2024

Efstathios Magerakis and Ahsan Habib

This paper empirically investigates (1) the association between business strategy and abnormal cash position and (2) the future performance implications of abnormal cash holdings…

Abstract

Purpose

This paper empirically investigates (1) the association between business strategy and abnormal cash position and (2) the future performance implications of abnormal cash holdings conditional on business strategy for a sample of US firms.

Design/methodology/approach

We use the firm-specific composite business score developed by Bentley et al. (2013) and examine its relationship with abnormal cash holdings. We employ the cash holding model of Opler et al. (1999) to determine the level of normal cash holdings with the residual being labeled as the abnormal cash holdings.

Findings

Using a sample of US firms, we confirm a positive and significant association between business strategy and abnormal cash holdings. We also reveal that a deviation from the estimated cash level can lead to an improved future performance but a prospector (defender) -type business strategy weakens (strengthens) the excess cash–firm performance relationship.

Originality/value

While the prior evidence show the effects of business strategies on corporate cash holding, there is no evidence of the association between business strategy and abnormal cash holdings and the performance implications of the strategy-cash holdings nexus. Hence, through the lens of business strategy, this study aims to fill this gap in the literature.

Details

Journal of Accounting Literature, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0737-4607

Keywords

Article
Publication date: 2 September 2024

Faouzi Khedher and Boubaker Jaouachi

The purpose of this work is to study the relationship between the fabric’s mechanical properties such as tear strength (TS), breaking strength (BS) and cloth’s dimensional…

Abstract

Purpose

The purpose of this work is to study the relationship between the fabric’s mechanical properties such as tear strength (TS), breaking strength (BS) and cloth’s dimensional stability (Sh), particularly, after industrial launderings (stone wash, enzyme wash, mixed wash and rinse). Hence, we select the most interrelationships using the principal component analysis (PCA) technique. In this study, the treatments of finishing garments during washing are the important parameters influencing the cloth’s dimensional and the fabric’s mechanical properties. To improve the obtained results, the selected significant inputs are also analyzed within their influence on shrinkage. The polynomial regression model relating the tear strength and the shrinkage of denim fabric proves the effectiveness of the PCA method and the obtained findings.

Design/methodology/approach

To investigate the matter, the type of washing, and their contributions to shrinkage, four types of fabrics manufactured into pants were used. These fabrics differ not only by their basis weights (medium and heavy weight fabrics) but, also by their compositions (within and without elastane) and their thread count (warp and weft yarn count, twist and density. To evaluate significant results, a factorial design analysis based on an experimental design was established. The choice of these treatments, as well as their design mode, led us to make a complete factorial experimental design.

Findings

According to the results, the prediction of shrinkage behavior as a function of the process washing input parameters seems significant and useful in our experimental design of interest. As a consequence, it was also concluded that after these input parameters, we can find the relationship between the shrinkage (Shwarp and Shweft) and the mechanical properties such as tear strength (TSwarp and TSweft) and breaking strength (BSwarp and BSweft). Thanks to the PCA, it is very easy to reduce the number of the influent output parameters, and knowing these significant parameters, the prediction of mechanical properties knowing the shrinkage of denim garment, during the process of washing seems successful and can undoubtedly help industrial to minimize the poor workmanship of the finishing quality.

Practical implications

This study is very interesting for finishing denim garments. The shrinkage is very important for correcting measures in sewing, considering that a high shrinkage may cause the cancellation of the fit from the client. This type of defect cannot be repaired in the major part of the cases and causes a big loss for the company, moreover the mechanical properties. For this reason, analyzing the value of shrinkage before starting the production cycle is of great importance to apply the right balance to the pattern. The model of predicting the mechanical properties behaviors as a function of the shrinkage denim garment leads manufacturers to eliminate the test of mechanical properties that remain as destructive tests. Moreover, according to the results obtained, it may be concluded that prediction is still accurate through the shrinkage test which is an inevitable test. Even though, these results can bring a huge gain for the garment wash industries.

Originality/value

This work presents the first study predicting a relationship between the mechanical properties and denim garment shrinkage, applying the PCA technique to minimize the all-output parameters that are not significant or correlated with each other. Besides, it deals with the relationship developed between the fabric’s mechanical properties such as tear strength (TS), breaking strength (BS) and cloth’s dimensional stability (Sh), particularly, after industrial launderings (stone wash, enzyme wash, mixed wash and rinse). Moreover, it is notable to mention that the originality of this study is to let to the garment wash industries to save in production time of orders and also in quality.

Details

International Journal of Clothing Science and Technology, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0955-6222

Keywords

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