Chandra Shekhar Pandey, Shri Ram Pandey, Patanjali Mishra and Shweta Pandey
The purpose of the study was to develop and validate a scale for measuring epistemic trust in open educational resources (OERs).
Abstract
Purpose
The purpose of the study was to develop and validate a scale for measuring epistemic trust in open educational resources (OERs).
Design/methodology/approach
A mixed methods approach was employed, using both qualitative and quantitative methods. The scale development involved several stages, including various iterations of exploratory factor analysis and confirmatory factor analysis (CFA).
Findings
The study resulted in a valid and reliable nine-factor scale for measuring epistemic trust in OERs. These factors are reliability and credibility of information, source competence and expertise, goodwill and intentions of the source, transparency and openness, consistency and stability, accessibility and usability, peer and social validation, engagement and interaction and ethical and moral integrity. The CFA confirmed the nine-factor structure and showed good model fit. Cronbach’s alpha coefficients for the dimensions ranged from 0.668 to 0.823, indicating acceptable to excellent internal consistency. Extracted (AVE) value for each factor indicates the strong convergent validity of the scale.
Research limitations/implications
The study’s focus is on measuring epistemic trust of university students in OERs.
Practical implications
By providing a reliable and valid instrument to measure epistemic trust in OERs, the study provides a practical approach for OER creation, curation and use.
Social implications
The study proposes a framework for combating misinformation by providing a scale to assess the epistemic trust in OERs.
Originality/value
To the best of the authors’ knowledge, this is the first study to develop a comprehensive scale specifically designed to measure epistemic trust in OERs.
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Keywords
Anita Mendiratta and Anil Kumar
The present study explores the effect of environmental, social and governance (ESG) controversies on firm value. Further, the study investigates when industry munificence…
Abstract
Purpose
The present study explores the effect of environmental, social and governance (ESG) controversies on firm value. Further, the study investigates when industry munificence moderates this association.
Design/methodology/approach
The research employs 5,670 firm-year observations from 2012 to 2018 for the United States (US)-based firms from the Refinitiv database. The direct and moderating effects were tested using a fixed effect panel regression model.
Findings
The primary analysis unexpectedly demonstrates that ESG controversies do not affect firm value. On the contrary, ESG controversies decrease firm value when interacting with industry munificence; this interaction effect is both positive and highly significant. We observed that reduced (increased) ESG controversies translate to higher (lower) firm value in industries with high munificence and lower (higher) firm value with low munificence. These results remain consistent with alternative proxies for size and CSR. Conducting sample split analysis over time, we discovered significant results in 2015–2018, indicating stakeholders' awareness has increased over time.
Research limitations/implications
The findings offer policymakers distinctive perspectives on the moderating role of munificence that impacts companies’ strategic imposition or limitation of ESG controversies to boost their value. Managers can gain valuable insights from the results regarding the importance of munificence in the relationship between ESG controversies and firm value.
Originality/value
This study is the first to examine the moderating effect of industry munificence in the relationship between ESG controversies and firm value for US firms.
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Barkha Dhingra and Mahender Yadav
This study aims to analyze the existing body of knowledge concentrating on institutional investors’ behavior. It seeks to track how this domain has evolved through collaborative…
Abstract
Purpose
This study aims to analyze the existing body of knowledge concentrating on institutional investors’ behavior. It seeks to track how this domain has evolved through collaborative networks, as well as significant contributors, themes and research opportunities for future work.
Design/methodology/approach
The present study applies bibliometric analysis to examine the trends in the selected research field, using 446 articles from highly recognized journals indexed in the Scopus database.
Findings
The authors discovered that research on institutional investors’ behavior has significantly increased over the past four decades due to academic interest in the topic. This study observed five themes that unite the research in this field: institutional investors and corporate behavior; determinants of institutional investors’ trading patterns and performance; trading activity and its outcomes; herding, causes and consequences; and institutional investment and corporate performance. Moreover, future directions are penned down, such as how institutional investors’ control influences governance disclosures.
Originality/value
This study serves as a guide by mapping and analyzing the intellectual development of the research literature on institutional investors’ behavior. The authors contribute to the knowledge base by providing a solid foundation for further studies.