Shagnik Saha and Gordhan Kumar Saini
To study the mediating effect of resilience and the moderating effect of gender on the association between satisfaction with life and self-efficacy.
Abstract
Purpose
To study the mediating effect of resilience and the moderating effect of gender on the association between satisfaction with life and self-efficacy.
Design/methodology/approach
Participants were 211 HR professionals; mediation and moderation hypotheses were tested using PROCESS macro.
Findings
Results revealed a significant association between satisfaction with life, self-efficacy and dimensions of resilience. The mediating effect was significant for three dimensions of resilience: positive acceptance, personal competence and trust in one’s instincts. Gender moderated the relationship between satisfaction with life and self-efficacy through positive acceptance and positive competence but not trust in one’s instincts.
Originality/value
Most literature examines satisfaction with life as an outcome measure despite existing calls and alternate theoretical frameworks. This study considers satisfaction with life as a predictor of self-efficacy and resilience. Linkages with theoretical frameworks and implications are discussed.
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Keywords
R. Deepa, Rupashree Baral and Gordhan Kumar Saini
This study aims to investigate the effect of high-performance HR practices (HPHRP) on the innovative work behaviour (IWB) of employees. Drawing on social exchange theory, when…
Abstract
Purpose
This study aims to investigate the effect of high-performance HR practices (HPHRP) on the innovative work behaviour (IWB) of employees. Drawing on social exchange theory, when employees perceive their exchange relationship in terms of HPHRP and leadership support as fair, we hypothesize that employees will demonstrate greater IWB. However, drawing on social identity theory, we hypothesize that when the attitude of employees towards their employer with best employer practices is favourable, the impact of HPHRP mediated by organizational pride and organizational identification, has a greater impact on employee IWB.
Design/methodology/approach
Survey research was used to empirically validate the study involving employees (n = 370) who belong to the best employer brands in India. The data was analysed using Process Macro Models 7 for moderated mediation and Model 6 for serial mediation using bootstrapping procedures.
Findings
The results suggest that perceived leadership support moderated the indirect effect of HPHRP on IWB through organizational pride. Again, organizational pride and identification partially and serially mediated the impact of HPHRP on IWB.
Research limitations/implications
Organizations must invest in HPHRP, with supportive leadership practices that can foster an emotional attitude of pride and a cognitive attitude of organizational identification to be an employer of choice resulting in employees’ IWB.
Originality/value
The study investigating the mediating impact of the emotional and cognitive attitudes of pride and organizational identification has not been previously explored, in the relationship between HPHRP and IWB, from a social identity perspective.
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Omokolade Akinsomi, Frank Kwakutse Ametefe, Mabuse Moja and Yasushi Asami
The purpose of this study is to determine whether South African real estate investment trusts (REITs) with significant foreign real estate holdings produce better market…
Abstract
Purpose
The purpose of this study is to determine whether South African real estate investment trusts (REITs) with significant foreign real estate holdings produce better market performance metrics when compared to REITs with larger domestic holdings. The paper also provides a comprehensive overview of the market performance of South African REITs in the decade following the inception of the REIT regime in 2013.
Design/methodology/approach
The authors employ the capital asset pricing model (CAPM), using different estimation techniques to determine the stability of the estimated parameters over time. In addition to the CAPM framework, several basic and advanced portfolio performance metrics are computed to assess the performance of the various REIT portfolios.
Findings
The results show that REITs with significant offshore allocations produce superior market returns than their counterparts. Across most of the risk measures analysed, the foreign-biased REIT portfolios were found to be riskier. On the whole, foreign-biased REITs performed better on a risk-adjusted basis. The results were consistent across the different sample periods and the performance metrics analysed.
Practical implications
The results suggest that the decision to diversify internationally has implications for the pricing of REITs on stock markets. The differences in the performance metrics for the foreign- and home-biased REIT portfolios also imply an opportunity for investors to further diversify REIT portfolios by holding a mix of home-biased and foreign-biased REITs.
Originality/value
This paper is one of the few to consider the implications of international diversification on stock market performance rather than on more fundamental measures of REIT performance such as the net present value. This study also provides an emerging market (African) perspective to the literature.