Christina Tupper and Anju Mehta
Foreign initial public offerings (IPOs) typically face capital market liability of foreignness (CMLOF) caused by factors such as institutional distance. Firms must overcome CMLOF…
Abstract
Purpose
Foreign initial public offerings (IPOs) typically face capital market liability of foreignness (CMLOF) caused by factors such as institutional distance. Firms must overcome CMLOF by utilizing their resources, such as chief executive officer (CEO) human capital, to compete successfully in the global marketplace. Using signaling and human capital theories, this study examines how institutional distance and CEO human capital impact foreign IPO performance.
Design/methodology/approach
We analyzed 318 foreign IPO firms from 43 different countries listed on ten stock exchanges using pooled hierarchical OLS regression.
Findings
We found that the CEO’s general international experience, foreign education, and international experience in the host country are negatively related to IPO performance. Also, host country-specific experience was more negatively related to IPO performance than general international experience. The CEO’s functional background moderated the relationship between a CEO's international experience and IPO performance.
Originality/value
The study contributes to the top management team and IPO research by demonstrating that previous findings on the role of CEO human capital on firm outcomes cannot be generalized to the foreign IPO context. The intriguing results raise critical questions regarding a CEO’s impact on foreign IPO performance, underscoring the need for further research.
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Buyun Yang, Shuman Zhang and Bo Wu
Emerging market multinationals often face a variety of legitimacy challenges as they engage in cross-border acquisitions in developed countries, which requires an assortment of…
Abstract
Purpose
Emerging market multinationals often face a variety of legitimacy challenges as they engage in cross-border acquisitions in developed countries, which requires an assortment of legitimacy strategies best aligned with the legitimacy challenges they face. This study advocates for a configurational perspective that examines how different configurations of legitimacy challenges, organizational characteristics, and legitimacy strategies influence the likelihood of deal completion in cross-border acquisitions by emerging market multinational enterprises (EMNEs).
Design/methodology/approach
Based on 328 cross-border acquisition cases by Chinese firms, this study adopts the fuzzy-set qualitative comparative analysis to examine the combined effects of institutional distance, political affinity, equity sought, architecture design, sensitive·industry and state-owned and enterprise (SOE) on cross-border acquisition completion.
Findings
This study identifies six pathways with different configurations for deal completion, suggesting that a deal's overall legitimacy falls at the intersection of the country-level institution and the firm-level characters and strategy evaluations.
Originality/value
This study investigates how nested legitimacy influences cross-border acquisition completion by offering a holistic and configurational understanding of the deal completion of cross-border acquisitions by EMNEs and yields useful insights for future research on cross-border acquisition completion and legitimacy.
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Sumbul Zaman and Amirul Hasan Ansari
There is a compelling need for developing constructs in management science rather than adapting the constructs that have been developed in other domains. Having emerged in the…
Abstract
Purpose
There is a compelling need for developing constructs in management science rather than adapting the constructs that have been developed in other domains. Having emerged in the 1950s, quality of work-life (QWL) measures have proved to be ineffective due to the lack of conceptual clarity and theoretical support. The article analyses the QWL measures highlights their coherence and verifies them for being used in specific contexts.
Design/methodology/approach
The study includes three stages to develop a QWL Measurement Scale. Fourteen questions were developed based on QWL concepts. They were validated using exploratory factor analysis (EFA) which split the dimensions into five factors. A survey was conducted on 375 medical residents. Finally, confirmatory factor analysis (CFA), convergence and validity were tested along the five dimensions.
Findings
Results extend the QWL concept and provide theoretical support for the same. Five dimensions were developed to measure QWL namely: pay and benefits, supervision, intra-group relations, working conditions and training.
Practical implications
The study may offer an overview of evaluation strategies to researchers and organizations that aim to improve employee QWL while they enhance its effectiveness through reliable instruments.
Originality/value
The scale developed in this study contributes to the body of QWL literature in the healthcare arena. It may be beneficial to carry out further research in this domain.
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Jose Luis Rivas and María de las Mercedes Adamuz
This study aims to explore the direct and indirect relationships among the informal economy, innovation, entrepreneurial and initial public offering (IPO) activity.
Abstract
Purpose
This study aims to explore the direct and indirect relationships among the informal economy, innovation, entrepreneurial and initial public offering (IPO) activity.
Design/methodology/approach
This study uses an unbalanced sample of 30 countries over a 15-year period: 2000–2014. The proposed random-effects model is estimated using feasible generalized least squares with robust estimators of variance.
Findings
Entrepreneurial activity is positively related to IPO activity. The informal economy negatively moderates the relationships among entrepreneurship, innovation and IPOs.
Practical implications
IPOs are a stage in the entrepreneurial process susceptible of being influenced by country level factors. An appropriate understanding of these factors can contribute to discuss policies that improve the level of IPO activity.
Originality/value
The authors explore the understudied relationship of the informal economy and entrepreneurship. Although entrepreneurial activity can be higher in contexts with more informality, this relationship can turn sour in later stages since it lowers the probability of higher IPO activity by inhibiting formal entrepreneurship and innovation. Hence, the main contribution is to provide evidence of this “hangover” effect.
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Nikša Alfirević, Lena Malešević Perović and Maja Mihaljević Kosor
This paper aims to examine the factors influencing 2018–2022 research productivity related to Sustainable Development Goal 4 (SDG4) in the EU-27 considering the COVID-19 epidemic.
Abstract
Purpose
This paper aims to examine the factors influencing 2018–2022 research productivity related to Sustainable Development Goal 4 (SDG4) in the EU-27 considering the COVID-19 epidemic.
Design/methodology/approach
This paper applies the two-panel estimators to bibliometric data from Scopus and relevant indicators, focusing on the previously achieved scientific productivity levels, national GDP, government education expenditures and the COVID-19 contingency variables. This study addresses the information gap regarding pertinent elements influencing SDG4 research productivity.
Findings
Research productivity in SDG4 is negatively impacted by government spending on education and the SDG4 goal score and positively impacted by the lagged number of prior SDG4 publications and GDP per capita.
Research limitations/implications
The robustness of the results across several panel estimators, the necessity of evaluating interactions with other SDGs and the possibly restricted generalizability of the findings outside the EU-27 sample are limitations acknowledged in this work.
Originality/value
Nations with high levels of SDG4 implementation are becoming less interested in conducting related studies or hinting at a possible systemic mismatch between research and policy at the EU level. The COVID-19 epidemic has had a positive effect on SDG4 research output, indicating that external obstacles to the research process should be contextualized by examining a range of contingency elements in addition to being perceived as general obstacles.
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Online complaints have emerged as a pivotal avenue for customers to voice their dissatisfaction. In this context, bystanders, as third-party observers, actively engage in…
Abstract
Purpose
Online complaints have emerged as a pivotal avenue for customers to voice their dissatisfaction. In this context, bystanders, as third-party observers, actively engage in evaluating and judging these complaints. However, studies pertaining to bystanders in online customer complaints remain limited. Therefore, this study aims to integrate deontic justice theory and attribution theory to construct a research model of bystanders’ support for online customer complaints.
Design/methodology/approach
Leveraging a questionnaire and two scenario experiments, SPSS 24.0 and AMOS 24.0 were used to examine the relationship between bystanders’ moral outrage and their support for online customer complaints, the mediating role of responsibility attribution and the moderating role of experience similarity and online anonymity.
Findings
Based on the statistical analysis, the results show that bystanders’ moral outrage significantly enhances their support for online customer complaints; responsibility attribution plays a mediating role between moral outrage and bystanders’ support for online customer complaints; experience similarity and online anonymity can moderate the relationship between moral outrage and bystanders’ support for online customer complaints.
Originality/value
The findings of this study not only enrich the literature on online customer complaints but also provide valuable insights for companies to understand the diffusion of online complaints and effective strategies with which to address them.
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Mohamed A. Khashan, Thamir Hamad Alasker, Mohamed A. Ghonim and Mohamed M. Elsotouhy
The success of an Electronic Health Record (EHR) system is determined by the numerous facilitators and obstacles that influence physicians' intentions toward using these…
Abstract
Purpose
The success of an Electronic Health Record (EHR) system is determined by the numerous facilitators and obstacles that influence physicians' intentions toward using these technologies. This study examines physicians' intentions to use EHR by applying the extended technology readiness and acceptance model (TRAM) factors, the result demonstrability, colleagues' opinions, perception of external control, and organizational support.
Design/methodology/approach
Convenience sampling was used to collect data from physicians in Egypt (n = 520). To evaluate the model's hypotheses, this study used the partial least squares structural equation modeling (PLS-SEM) method with WarpPLS.7.
Findings
The results revealed that positive TR factors (innovativeness and optimism) positively affect perceived usefulness and ease of use, while negative TR factors (discomfort and insecurity) negatively impact perceived usefulness and ease of use. Furthermore, the result demonstrability and colleagues' opinions positively influence perceived usefulness, while the perception of external control and organizational support positively influence perceived ease of use. In addition, significant relationships between perceived ease of use and usefulness and adoption intention were identified.
Originality/value
This is the first study to apply the TRAM to understand physicians' adoption intentions to use EHR systems. Moreover, this study determined the different roles of positive and negative TR affecting physicians' cognition regarding using EHR systems.
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Praveen Kumar Sharma and Rajeev Kumra
This study aims to evaluate the mediating role of work engagement (WE) in the relationship between four independent variables, such as procedural justice (PJ), distributive…
Abstract
Purpose
This study aims to evaluate the mediating role of work engagement (WE) in the relationship between four independent variables, such as procedural justice (PJ), distributive justice (DJ), interactional justice (INTJ) and informational justice (INFJ), along with an outcome variable, i.e. proactive customer service performance (PCSP) within the hospitality industry.
Design/methodology/approach
We used 432 frontline supervisor–subordinate dyads. Using partial least squares structural equation modeling, we obtained data for 47 supervisors and 432 subordinates from the hotel industry. Notably, we used two distinct questionnaires to capture data from each pair in order to avoid common method bias.
Findings
Broadly, the findings show that there is a significant and positive relationship between DJ, PJ, INTJ and INFJ vis-à-vis WE. Besides, WE is also significantly and positively associated with PCSP. Additionally, the results indicate that WE acts as a mediator between the four independent variables (DJ, PJ, INTJ and INFJ) and one outcome variable, PCSP.
Practical implications
Based on our findings, whereby different forms of justice (DJ, PJ, INTJ and INFJ) have a positive impact on WE, and PCSP has practical ramifications, organizations would need to set priorities and implement OJ strategies within the work environment. In turn, this would enable the employees to be more engaged in their work, resulting in improved performance and greater job satisfaction.
Originality/value
This study offers unique theoretical and practical learnings for the hospitality industry with the usage of supervisor–subordinate dyads.
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Arpita Agnihotri and Saurabh Bhattacharya
Leveraging signalling theory and institutional environment theory, this study aims to examine how the entrepreneurial orientation of emerging market firms impacts initial public…
Abstract
Purpose
Leveraging signalling theory and institutional environment theory, this study aims to examine how the entrepreneurial orientation of emerging market firms impacts initial public offering (IPO) performance.
Design/methodology/approach
The authors conduct regression analysis based on archival data from 312 firms’ IPOs in India.
Findings
The results in the Indian context suggest it differs from IPO performance in developed markets. In an emerging market context, the findings suggest that only competitive aggressiveness is valued by investors in IPOs. The findings further show that proactiveness and autonomy negatively influence IPO underpricing.
Research limitations/implications
The research propositions imply that, owing to institutional voids in emerging markets, investors’ risk propensity and, hence, rewarding a firm’s entrepreneurial orientation differ from those in developed markets.
Originality/value
Extant literature has given limited attention to the dynamics of entrepreneurial orientation and the effect of each dimension of entrepreneurial orientation on IPO performance in emerging markets.
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Umar Haruna, Mohammed Alhaji Mohammed and Yusuff A. Ajibade
Building operations and human activities indoors continuously affect air quality, contaminating the air and sometimes exceeding permissible limits which can be health threatening…
Abstract
Purpose
Building operations and human activities indoors continuously affect air quality, contaminating the air and sometimes exceeding permissible limits which can be health threatening either in the short or long time. This implies a need for strict awareness and compliance with air quality standards, particularly in workplaces prone to air contaminants emissions. This study aims to evaluate printing-related pollutant concentrations and their effects on indoor air quality (IAQ). The study investigated a printing press's total volatile organic compounds (TVOC), particulate matter (PM), carbon monoxide and carbon dioxide emissions.
Design/methodology/approach
This study used mainly an experimental research design supported by physical assessment by identifying the major printing-related pollutants, assessing the existing situation and measuring pollutant concentration levels using literature reviews, walkthrough inspections and experiments, respectively. The measurements were conducted in two scenarios: with and without printing activities, and the results were compared with relevant standards and guidelines.
Findings
The outcomes indicate that TVOC concentration reaches 120 ppb during printing and binding activities, exceeding the 75 ppb acceptable limit based on the time-weighted average. The PM2.5 concentrations reach 49 µg/m3 and PM10 up to 150 µg/m3, exceeding acceptable levels given by the US Environmental Protection Agency (EPA), which are 35 µg/m3 and 150 µg/m3 for PM2.5 and PM10, respectively. These high concentrations of TVOC and PM indicate a significant risk to the health of building occupants, particularly those with respiratory conditions. PM concentrations do not exceed permissible levels when no printing or bookbinding occurs, suggesting that printing-related activities can contribute to elevated TVOC and PM concentrations.
Social implications
The social implication of the study lies in its ability to promote awareness among workers and improve their well-being which in turn relates to productivity. The study outcome could also encourage businesses to adopt more responsible environmental and social practices as part of corporate social responsibility practices.
Originality/value
The study's findings, which highlight the need for improved ventilation in printing halls, have the potential to significantly benefit building system designers, facility managers, policymakers and decision-makers. By providing information and theoretical support, the research can help integrate policies that regulate IAQ by reducing pollutant concentrations. This protects workers' health and helps update and enforce stricter IAQ regulations for industrial operations.