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This paper aims to assess the role of CEOs with military experience in shaping corporate outcomes in Vietnam and provide new insights into how these unique backgrounds influence corporate financial decisions and firm performance within the specific context of an emerging market.

This study uses a comprehensive data set of 323 non-financial firms listed in Vietnam over 2013–2021 to examine the association between military-experienced CEOs and corporate outcomes. The authors apply propensity-score matching analysis to address potential endogeneity issues and use 2SLS estimation to show the mechanisms through which military CEOs affect firm performance.

The authors find that firms led by CEOs with military backgrounds outperform their counterparts lacking this experience. Furthermore, the findings indicate that firms helmed by military-experienced CEOs tend to make more investments and maintain lower (higher) short-term (long-term) debt levels.

This study provides additional evidence on the influence of military CEOs on corporate outcomes, particularly in the context of an emerging market. It underscores the positive effects of skills acquired during military service on veterans’ civilian careers, particularly in business leadership roles. The findings are valuable for managers contemplating the recruitment of veterans, highlighting the potential advantages these individuals can bring to a company. Additionally, the results may inspire younger individuals to consider military training as a means to develop valuable characteristics that can enhance their personal and professional development.

The authors have observed the notable success in firms led by CEOs with military backgrounds since Vietnam’s renovation period in the 1980s. Yet, to the best of the authors’ knowledge, research on the influence of military-experienced CEOs in Vietnam remains scarce. This study is the first pioneering in shedding light on the diverse contributions of soldiers to the development of the Vietnamese economy.

This study aims to examine the relationship between audit partner tenure and earnings management of companies listed on Vietnamese stock exchanges.

This study uses a sample of 1,363 observations from 2016 to 2019. This study manually collects data on audit partner tenure. Using Datastream financial data, this study calculates abnormal accruals using the modified-Jones models (Jones, 1991; Dechow et al., 1995; Kothari et al., 2005), which are used as the proxy for earnings management. This study runs Ordinary Least Squares regressions to test this study’s hypothesis.

The results show that audit partner tenure is positively related to abnormal accruals. Cross-sectional analyses indicate that the relationship between audit partner tenure and abnormal accruals is more pronounced for firms that are audited by non-Big Four auditors and for firms that have chief executive officer-chairperson duality, suggesting that weak corporate governance is a channel for the established relationship. The evidence also shows that audit partner tenure is negatively associated with the magnitude of income-decreasing accruals but has no relationship with income-increasing accruals. This study’s findings are robust for several tests, including using the propensity score matching approach.

To the best of the authors’ knowledge, this study is the first to provide evidence of the relationship between audit partner tenure and earnings management in Vietnam.

This study presents the impact of Economic Policy Uncertainty (EPU)-induced Trade Supply Chain Vulnerability (TSCV) on the Small and Medium-Sized Enterprises (SMEs) in India by leveraging the World Bank Enterprise Survey data for 2014 and 2022. Applying econometric techniques, it examines firm size’ influence on productivity and trade participation, providing insights for enhancing SME resilience and trade participation amid uncertainty.

The econometric techniques focus on export participation, along with variables such as total exports, firm size, productivity, and capital intensity. It addresses crucial factors such as the direct import of intermediate goods and foreign ownership. Utilizing the Cobb-Douglas production function, the study estimates Total Factor Productivity, mitigating endogeneity and multicollinearity through a two-stage process. Besides, the study uses a case study of North Indian SMEs engaged in manufacturing activities and their adoption of mitigation strategies to combat unprecedented EPU.

Results reveal that EPU-induced TSCV reduces exports, impacting employment and firm size. Increased productivity, driven by technological adoption, correlates with improved export performance. The study highlights the negative impact of TSCV on trade participation, particularly for smaller Indian firms. Moreover, SMEs implement cost-based, supplier-based, and inventory-based strategies more than technology-based and risk-based strategies.

Policy recommendations include promoting increased imports and inward foreign direct investment to enhance small firms’ trade integration during economic uncertainty. Tailored support for smaller firms, considering their limited capacity, is crucial. Encouraging small firms to engage in international trade and adopting diverse SC mitigation strategies associated with policy uncertainty are vital considerations.

This study explores the impact of EPU-induced TSCV on Indian SMEs’ trade dynamics, offering nuanced insights for policymakers to enhance SME resilience amid uncertainty. The econometric analysis unveils patterns in export behavior, productivity, and factors influencing trade participation during economic uncertainty.

This study aims to validate the link between production manipulation and a firm’s performance variability (fundamentals and stock returns). It explores whether executives' risk-taking incentives encourage production deviations around the normal level during uncertainty.

Utilizing panel data of manufacturing firms from Compustat over three decades, the study investigates production management practices during economic uncertainty. The Economic Policy Uncertainty Index (EPU) is employed as a key metric. The empirical strategy involves documenting the effect of economic uncertainty on overproduction and underproduction, examining the role of executive compensation and assessing the impact on risk.

The research finds that risk-taking incentives increase over/underproduction, particularly amplifying the extent of underproduction during uncertainty. Production deviation rises, indicating that firms take greater risk by engaging in abnormal business operations. The study’s results are robust against various econometric methods, emphasizing the influence of risk-taking incentives on corporate production decisions.

While providing valuable insights, the study acknowledges inherent limitations, including factors influencing production decisions beyond risk-taking incentives. Further research could explore additional determinants for a comprehensive understanding.

The findings highlight the potential dark side of executive compensation that motivates suboptimal risk-taking decisions, impacting risk, cost of capital and firm performance. Policymakers and compensation committees can use these insights to design efficient systems that mitigate moral hazard problems associated with productivity changes.

The study emphasizes the broader social implications of production manipulation under uncertainty. It prompts discussions on the ethical considerations of managerial opportunism, its potential consequences for stakeholders and market dynamics.

This study contributes to the literature by examining the role of economic uncertainty on production manipulation and the influence of risk-taking incentives. It extends the earnings management literature by considering real activity manipulation and emphasizing the importance of decomposing production deviation into positive and negative values.

This study aims to theoretically hypothesize and empirically examine the impact of economic policy uncertainty (EPU) on firms' innovation performance as well as the contingency conditions of this relationship.

This study collects and combines secondary longitudinal data from multiple sources to test for a direct impact of EPU on firms' innovation performance. It further examines the moderating effects of firms' operational and marketing capabilities. A series of robustness checks are performed to ensure the consistency of the findings.

In contrast to the common belief that EPU reduces the innovativeness of firms, the authors find an inverted-U relationship between EPU and innovation performance, indicating that a moderate level of EPU actually promotes innovation. Further analysis suggests that firms' operational and marketing capabilities make the inverted-U relationship steeper, further enhancing firms' innovation performance at a moderate level of EPU.

This study adds to the emerging literature that investigates the operational implications of EPU, which enhances our understanding of the potential bright side of EPU and broadens the scope of operational risk management.

Lightweight building systems have emerged as alternatives to reduce the high environmental impact of conventional masonry. However, in subtropical climates, the low thermal inertia of lightweight envelopes negatively affects energy performance. The purpose of this paper is to investigate the thermophysical parameters that influence heating and cooling energy consumption in lightweight residential buildings under subtropical climates and develop a model to predict these parameters using statistical and machine learning tools.

A database was created with computer simulation data on the energy performance of 2048 building conditions generated by factorial combination of 10 parameters. Sensitivity analysis was performed to identify which parameters contribute most to energy performance indicators. Subsequently, decision trees were created using a classification and regression tree (CART) algorithm to visualize parameters and improve energy performance indicators, particularly cooling energy consumption.

Low thermal transmittance and ground contact are interesting strategies for low thermal capacity buildings. Furthermore, the findings showed that relying only on the most influential properties does not ensure good energy performance; rather, it is the adequate combination of envelope properties that leads to good energy efficiency. The tree developed by CART can be used as a guide to assist designers and researchers in the initial selection of building envelopes, demonstrating the impact of each choice on electrical energy consumption for indoor climate control.

By adopting a global approach to assess the thermal performance of lightweight buildings, this study makes a significant contribution to synthesizing the results of a complex and time-consuming methodology into a guide for optimizing envelope design decisions and directing efforts and resources toward efficient strategies.

This study aims to investigate the association between earnings management and the efficiency of cash management as well as the extent to which this relationship affects a firm’s financial well-being (FWB).

Using fixed-effects models and quarterly financial statements of 178 nonfinancial firms, this study analyzes 3,376 firm-quarter observations listed on the Egyptian stock market from 2005 to 2019.

The empirical findings suggest that optimal cash holdings and cash holding excess increase with lower real earnings management (REM) of operating activities or higher accrual earnings management (AEM). This relationship positively impacts firms’ FWB but is negatively influenced by REM.

This study’s findings have two key implications for standards regulators and decision-makers. First, the study reveals the link between opportunistic earnings management and cash management, emphasizing the need for stricter oversight in corporate governance to prevent risky long-term decisions. Furthermore, these findings suggest that regulators, specifically in emerging markets, should proactively develop policies to limit earnings management. Second, this study demonstrates how accounting discretion affects both earnings management and short-term working capital management, underscoring the potential erosion of stakeholders’ confidence when financial statements are misleading.

This study examines the impact of sales manipulation and overproduction on cash holdings. To the best of the author’s knowledge, this is also the first study to explore how managerial discretion over both earnings and excess cash holdings influences a firm’s FWB. This study provides new empirical evidence of the joint effects of managerial opportunism in earnings and cash management on a firm’s financial health.

Based on the ability-motivation-opportunity (AMO) framework, this paper develops and tests a moderated mediation model to investigate how and when green high-performance work systems (GHPWS) lead to green service innovation (GSI). For this purpose, the current study examines the mediating role of decent work (DW) and the moderating role of climate change skepticism (CSS) in the relationship between GHPWS and GSI.

Overall data collected from 262 Pakistan banking employees analyzed through the SPSS PROCESS macro supports this model.

Findings suggest that GHWPS increased GSI through DW. The positive effect of DW on GSI was particularly high for the employees with low CCS.

Theoretically, this study expands knowledge in sustainable business practices and human resource management. Practically, it offers organizations strategies to integrate sustainability into their operations. This study implies that human resource management must be realigned with the overall organizational sustainability strategy to adopt environmental innovations. Along with the commercial and economic outcomes, this research has implications for public policy by advocating for practices that support environmental sustainability and DW. Societally, it promotes awareness of the importance of sustainability in business, which has a potential ripple effect on public attitudes and improves quality of life through environmental preservation.

This study provides unique insights into the employees’ doubts about anthropogenic climate change and the importance of organizations implementing GHPWS toward cultivating DW and GSI in the context of developing countries.

This paper aims to compare the impacts of adaptive daily and seasonal cooling setpoints on cooling energy consumption and overheating hours to determine which approach is more effective in a desert climate, develop a methodology that effectively integrates passive strategies with adaptive daily and seasonal cooling setpoint strategies and assess how future climate conditions will impact these strategies in the medium and long term.

(1) Integrate adaptive thermal comfort principles into mechanical cooling systems to find the optimized cooling setpoint. (2) Evaluating the optimized cooling setpoints using a mixed-mode operation: In this step, the natural ventilation is activated by opening 40% of the window area when the indoor temperature is higher than 23°C and the outdoor temperature. Both the adaptive seasonal and daily setpoint strategies are evaluated. (3) If overheating hours exceed acceptable limits gradually add mitigation measures (e.g. exterior shading, cool roofs and green roofs). (4) If necessary, further reduce the cooling setpoint until acceptable limits are met. (5) Generate extreme future climate scenarios and evaluate the optimized model. (6) Implement additional measures and setpoint adjustments to maintain acceptable overheating hours in future conditions.

Although the building complies with the Dubai Green Code and uses external shading, its cooling energy consumption was 92 kWh/m² in 2021 with a 24°C setpoint. Using the adaptive seasonal setpoint combined with a cool roof, night cooling and cross-ventilation reduces cooling energy consumption by 52, 48 and 35% in 2020, 2050 and 2090, respectively, with overheating hours not exceeding 40 h annually. Using an adaptive daily setpoint strategy with the same mitigation measures is similarly effective; it achieved a 57, 42 and 34% reduction in cooling energy consumption in 2020, 2050 and 2090, respectively, while eliminating overheating hours.

The originality and value of this study lie in optimizing cooling setpoints without the effect of overheating hours in desert climates. Using the adaptive seasonal setpoint combined with a cool roof, night cooling and cross-ventilation reduces cooling energy consumption by 52, 48 and 35% in 2020, 2050 and 2090, respectively, with overheating hours not exceeding 40 h annually. Using an adaptive daily setpoint strategy with the same mitigation measures is similarly effective; it achieved a 57, 42 and 34% reduction in cooling energy consumption in 2020, 2050 and 2090, respectively, while eliminating overheating hours.

• (1)

  A methodology is developed to find the optimal cooling setpoints

• (2)

  Adaptive thermal comfort concept is extended for integration with a cooling system

• (3)

  Validation simulation model is used using certain building information

• (4)

  Climate change effect is studied using current and future warmer typical years

• (5)

  Effective passive summer mitigation measures are studied

A methodology is developed to find the optimal cooling setpoints

Adaptive thermal comfort concept is extended for integration with a cooling system

Validation simulation model is used using certain building information

Climate change effect is studied using current and future warmer typical years

Effective passive summer mitigation measures are studied

This study aims to examine the interrelationships between social media marketing activities, self-brand connections, brand equity, trust and loyalty.

A total of 402 valid responses were collected from Amazon MTurk, and the data were subjected to partial least squares structural equation modeling and fuzzy-set qualitative comparative analysis (fsQCA).

Findings indicate that social media marketing activities strongly and positively influence self-brand connection, brand equity and brand trust. Moreover, brand loyalty was strongly and positively influenced by self-brand connection, brand equity and brand trust. Moreover, the findings from fsQCA indicate that three causal paths lead to a high level of brand loyalty, and one causal path determines a low level of brand loyalty.

This research extends current knowledge by bridging the literature between social media marketing activities and branding using self-brand connections. Additionally, this study uses the strength of two complimentary methods – symmetrical and asymmetrical modeling – to uncover how social media marketing activities bridge customer-brand relationships.

Este estudio examina las interrelaciones entre las actividades de marketing en redes sociales, las conexiones de marca propia, el valor de la marca, la confianza y la lealtad.

Se recopilaron 402 respuestas válidas de Amazon MTurk, y los datos fueron sometidos a PLS-SEM y análisis cualitativo comparativo con conjuntos difusos (fsQCA).

Los resultados indican que las actividades de marketing en redes sociales influyen fuertemente y de manera positiva en la conexión de marca propia, el valor de la marca y la confianza en la marca. Además, la lealtad a la marca es influenciada fuerte y positivamente por la conexión de marca propia, el valor de la marca y la confianza en la marca. Además, los resultados de fsQCA indican que tres vías causales conducen a un alto nivel de lealtad a la marca, y una determina un bajo nivel de lealtad a la marca.

Esta investigación amplía el conocimiento actual al vincular la literatura entre las actividades de marketing en redes sociales y el branding utilizando conexiones de marca propia. Además, este estudio utiliza dos métodos complementarios – modelado simétrico y asimétrico – para descubrir cómo las actividades de marketing en redes sociales construyen las relaciones entre cliente y marca.

本研究探讨社交媒体营销活动、自我品牌连接、品牌资产、信任和忠诚度之间的相互关系。

从亚马逊MTurk收集了402个有效回复, 并对数据进行了PLS-SEM和模糊集合质性比较分析 (fsQCA) 的处理。

研究发现, 社交媒体营销活动对自我品牌连接、品牌资产和品牌信任产生了强烈而积极的影响。此外, 自我品牌连接、品牌资产和品牌信任也对品牌忠诚度产生了强烈而积极的影响。fsQCA的结果显示, 导致高水平品牌忠诚度的有三条因果路径, 而导致低水平品牌忠诚度的有一条因果路径。

本研究通过构建社交媒体营销活动与品牌之间的桥梁, 利用自我品牌连接, 扩展了当前知识。此外, 利用对称和非对称建模两种互补方法的优势, 揭示了社交媒体营销活动如何建立客户品牌关系。