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1 – 10 of 18The sociology and history of sport have neglected Pacific swimming cultures and their impact on global recreational and sporting cultures. This chapter explores the potential for…
Abstract
The sociology and history of sport have neglected Pacific swimming cultures and their impact on global recreational and sporting cultures. This chapter explores the potential for deeper analysis of Pacific contributions to aquatic recreational practices via Solomon Islands swimming. The focus is on the contributions and representations of Alick Wickham (1886–1967), a Solomon Islander who lived in Australia during the first three decades of the 20th century. Wickham, who was a champion swimmer and diver recognised nationally and internationally for his abilities, is popularly credited with introducing the crawl, or freestyle, stroke to swimming competition. While some commentators acknowledge that Wickham's crawl stroke was a practice called tapatapala in his home, Roviana, on New Georgia in the western Solomons, and that some of his other techniques and styles had Solomon Islands origins, little attention is paid to these Pacific cultural antecedents. This chapter examines Wickham's styles, reflects on their Roviana influences, and asks why these Pacific dimensions of his aquatic practices were, and continue to be, overlooked. This marginalisation of Pacific swimming cultures is analysed through the lenses of prevailing racial hierarchies and whiteness as a dominant discourse that continues to privilege white Australia development of the crawl stroke over its Solomons origins and elides other water practices that influenced Wickham.
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Jianan Li, Haemin Dennis Park and Jung H. Kwon
Drawing on the literature on technological acquisition and the knowledge-based view , this study examines how technological overlap between acquiring and target firms influences…
Abstract
Purpose
Drawing on the literature on technological acquisition and the knowledge-based view , this study examines how technological overlap between acquiring and target firms influences acquisition premiums. We further explore how the resulting synergies are contingent on the dynamic characteristics of the target firm, specifically its technology clockspeed and industry munificence. Technology clockspeed indicates the pace of technological evolution, reflecting internal dynamic resources, while industry munificence represents the abundance of external resources. These boundary conditions illustrate the dynamics of synergies, explaining their moderation effects on acquisition premiums.
Design/methodology/approach
We analyze a sample of 369 technological acquisitions by publicly traded U.S. firms between 1990 and 2011. To test our hypotheses, we used the ordinary least squares regression model with robust standard errors clustered by acquiring firms. In the robustness checks, we applied the generalized estimating equations to account for non-independent observations in our sample and verified that the results were robust to an alternative two-way clustering approach.
Findings
We suggest that a low level of technological overlap between an acquiring firm and its target firm leads the acquiring firm to offer a high acquisition premium because of the expected synergistic potential that evolves from combining two distant technological bases. We further find that this effect is contingent on the target firm's technology clockspeed and industry munificence. Specifically, the negative effect is amplified when target firms exhibit a rapid pace of technological evolution, whereas it is weakened when target firms operate in highly munificent industries characterized by robust growth and abundant resource flows.
Research limitations/implications
This study has several limitations, but it offers opportunities for future research. First, our sample is limited to domestic acquisitions between U.S. publicly traded firms, which may restrict generalizability. Cross-border acquisitions could reveal different dynamics, as technology leakage and national security concerns might make technological overlap a more sensitive factor. Additionally, private firms were not included, and their distinct strategic considerations could provide further insights. Future research could explore post-acquisition data to validate these synergies and expand the scope to include international contexts and private firms for a comprehensive analysis.
Practical implications
Our findings highlight important implications for managers in technology sector acquisitions. This study underscores the need for a thorough evaluation of target firms to avoid misjudging synergies. Low technological overlap can heighten expectations for value creation, making it crucial for executives to accurately assess potential synergies to prevent overestimation. Managers should consider both internal resources and external industry conditions when evaluating synergies. Ultimately, these insights help managers offer informed prices that reflect true strategic synergies, adopting effective valuation practices to mitigate risks of financial overpayments and poor post-merger performance.
Social implications
The social implications of our findings emphasize the broader impact of acquisition decisions on innovation and competition within the technology sector. By ensuring accurate valuation and avoiding overpayment, companies can allocate resources more efficiently, fostering sustainable growth and innovation. This diligent approach can reduce the risk of corporate failures.
Originality/value
This study makes two key theoretical contributions. First, it identifies technological overlap as a critical determinant of acquisition premiums in technological acquisitions, addressing gaps in the literature that focused on CEO characteristics and managerial attention. Second, it expands the theoretical framework by highlighting the dynamic nature of synergies, influenced by the target firm's technology clockspeed and industry munificence. By integrating both acquiring and target firm characteristics, this study provides a relational perspective on value creation, explaining why firms pay high premiums and offering a more comprehensive understanding of the strategic motivations in technological acquisitions.
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Hussein-Elhakim Al Issa and Mohammed Mispah Said Omar
The empirical study of factors related to digital transformation (DT) in the banking sector is still limited, even though the importance of the topic is universally evident. To…
Abstract
Purpose
The empirical study of factors related to digital transformation (DT) in the banking sector is still limited, even though the importance of the topic is universally evident. To bridge that gap, this paper aims to explore the role of digital leadership (DL), innovative culture (IC) and technostress inhibitors (TI) to support engagement for improved digital innovation (DI). Based on the literature, these variables are crucial aspects of digitalisation, even though there is no agreement on their conclusiveness.
Design/methodology/approach
This quantitative study tested a new conceptual model using survey data from five major banks in Libya. Partial least squares structural equation modelling was used to analyse the data from the 292 usable responses.
Findings
The results showed that DL and IC positively affect DI. Techno-work engagement (TE) mediated the relationship between leadership, culture and innovation. TI played a significant moderating role in leadership, culture and engagement relationships.
Practical implications
The research findings highlight critical issues about how leadership style and fostering organisational support in the banking sector can enhance DT. Leaders must demonstrate a commitment to long-term resource allocation to avoid possible negative effects from digital stress while pursuing DI through work engagement.
Social implications
The study suggests that fostering organisational support can enhance DT in retail banks, potentially leading to improved customer experiences and increased access to financial services. These programs will help banks contribute to societal and economic development.
Originality/value
This timely study examines predictor mechanisms of innovation in retail banking that resonate within the restrictions of organisational and DI frameworks and the social exchange theory. Exploring the intervening effect of TE in the leadership, culture and innovation associations is unprecedented.
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Synthetic biology begins with the underlying assumption that life and life forms can be divided into parts and reassembled or redesigned according to the whims of their creators…
Abstract
Synthetic biology begins with the underlying assumption that life and life forms can be divided into parts and reassembled or redesigned according to the whims of their creators. Therefore, synthetic biology needs to be at the centre of ethical thinking since it engages the very concept of life and radically changes it. In this paper, we will investigate the phenomenon of synthetic biology through an ethical analysis of the unfulfilled promises and potential perils surrounding this technology. The paper consists of four parts. In the first part, we will deal with the problem of defining synthetic biology since it is a field in which many scientific disciplines meet and intertwine. The second part will present a brief history of systemic biology and the groundbreaking creation of Synthia, the first synthetic organism. The third part focuses on synthetic biology's potential benefits and some prominent ethical issues. In the fourth part, we will point out the problem of synthetic biology regulation. In conclusion, we will highlight the essential ethical remarks on synthetic biology and provide the impetus for further ethical debate.
Santiago Renedo, Inés Martínez-Corts, Donatella Di Marco and Francisco J. Medina
Family small and medium-sized enterprises (SMEs) represent a substantial part of many economies. In these organizations, close and informal relationships between employers and…
Abstract
Purpose
Family small and medium-sized enterprises (SMEs) represent a substantial part of many economies. In these organizations, close and informal relationships between employers and employees often foster a mutual understanding of each other’s needs, facilitating the negotiation of idiosyncratic deals (i-deals), special employment conditions tailored for individual employees. However, research on how i-deals are negotiated in family SMEs, especially regarding power dynamics and influence, remains limited. This study aims to identify the types of i-deals negotiated in family SMEs and explore the role of power and influence in these negotiations.
Design/methodology/approach
Semi-structured interviews were conducted with 45 employees and 15 employers from Spanish family SMEs. Data were analyzed using ATLAS.ti 8, and thematic analysis was performed.
Findings
The study concludes that task, flexibility, financial and development i-deals are particularly negotiated in family SMEs. It identifies that referent and expert power play an important role in initiating these negotiations. Furthermore, rational tactics are generally employed for negotiating work performance, soft tactics for employment-related aspects and hard tactics for work flexibility. Additionally, the study identified gender differences in the negotiation of i-deals.
Research limitations/implications
This study enhances i-deal literature by highlighting the distinct characteristics of family SMEs and their impact on i-deal negotiations. The findings suggest that power dynamics and influence tactics in family SMEs differ from those in larger firms. Moreover, certain i-deals may encounter resistance due to concerns about organizational performance and economic implications. Understanding these factors is essential for developing effective negotiation strategies in family SMEs.
Originality/value
This study offers a dual perspective, analyzing the power and influence tactics used by both employees and employers in family SME i-deal negotiations and highlighting gendered dynamics in these processes.
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