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Article
Publication date: 25 February 2025

Shaojie Lai, Laifeng Yang, Qing Sophie Wang and Hamish Anderson

The main purpose of this study is to investigate the impact of state capital participation (SCP) on the corporate environmental engagement (CEE) of privately controlled listed…

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Abstract

Purpose

The main purpose of this study is to investigate the impact of state capital participation (SCP) on the corporate environmental engagement (CEE) of privately controlled listed firms in China.

Design/methodology/approach

We use a sample of 20,133 firm-year observations from 2009 to 2021. We use three different measures to proxy corporate environmental engagement and two different measures to proxy for state capital participation. We employ a difference-in-difference regression model to estimate the effect of state capital participation on corporate environmental engagement.

Findings

Using a sample of 20,133 firm-year observations from 2009 to 2021, we find that SCP significantly increases corporate expenditure on environmental protection, corporate environmental performance and ESG ratings. Specifically, SCP increases environmental investment capacity and attracts more media coverage, online attention and analysts’ following, which leads to better environmental engagement. Further analyses show that after state shareholders exit privately controlled firms, CEE deteriorates, while private capital injection in state-owned firms has no significant impact on CEE. The positive effect of SCP is stronger in privately controlled firms with local government ownership, a larger number of state shareholders, longer state shareholder holding periods, those without politically connected managers and firms operating in heavy pollution industries. Lastly, we show that minority government ownership reduces firm-level toxic emissions and enhances financial performance.

Research limitations/implications

We enrich the literature on the role of minority state ownership in corporate financial and environmental performance.

Originality/value

We enrich the literature on the role of minority state ownership in corporate financial and environmental performance. In light of the escalating environmental concerns and the growing emphasis on corporate environmental responsibility, this study highlights the beneficial role of minority government ownership in driving environmental performance. By providing resources and attracting external scrutiny, the government, as a minority shareholder, can significantly enhance the environmental engagement of privately controlled firms.

Details

China Finance Review International, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2044-1398

Keywords

Available. Open Access. Open Access
Article
Publication date: 20 February 2025

Jonathan Passmore, Bergsveinn Olafsson and David Tee

Artificial intelligence (AI) has the potential to dramatically change the human approaches to work, and specifically to learning and development. While AI coaching can reduce…

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Abstract

Purpose

Artificial intelligence (AI) has the potential to dramatically change the human approaches to work, and specifically to learning and development. While AI coaching can reduce costs and increase accessibility, it also presents both opportunities and threats to human coaches. The objective of this study was to conduct a systematic literature review of peer-reviewed research on the use of AI in coaching.

Design/methodology/approach

A systematic literature review (SLR) method was used to search eight databases for articles produced up to March 2024. Data extraction was conducted, with Quality Assessment undertaken independently, in parallel, using two researchers and a third arbiter. The ROBINS-I tool was used to assess the risk of bias in the included studies. A narrative synthesis of a total of 16 quantitative, qualitative or mixed-method studies covering n = 2312.

Findings

The SLR identified four key themes: Research design and AI integration, AI usefulness in coaching, impact of AI coaching and ethical considerations. The findings suggest that AI coaches can be effective, accepted, useful and match human coaches in competence for specific tasks.

Practical implications

AI coaching is a growing area of practice and research. This paper brings together the literature and identifies future research priorities and potential next steps in AI coach development.

Originality/value

The paper uses clinical research SLR methods applying these robust processes to the field of organisational research, to set a new standard through the use of a pre-determined research protocol, quality assessment and ROB, well providing a comprehensive literature review of AI coaching.

Details

Journal of Work-Applied Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2205-2062

Keywords

Available. Open Access. Open Access
Article
Publication date: 10 October 2024

V.P. Priyesh and Lukose P.J. Jijo

This study examines the earnings quality of private-subsidiary firms using a large sample data from India.

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Abstract

Purpose

This study examines the earnings quality of private-subsidiary firms using a large sample data from India.

Design/methodology/approach

The impact of parent–subsidiary relationship on earnings quality is examined using two common proxies. Findings are robust to alternative research designs, including different earnings quality proxies, endogeneity and matching techniques.

Findings

The study finds that private firms that are subsidiaries of listed firms tend to have lesser (greater) earnings quality (manipulation). Further, the study reports that this relationship is more pronounced when the parent firm is relatively larger than the subsidiaries. The study finds no evidence that Big 4 affiliation of the parent company improves earnings quality among private subsidiaries; instead, it exacerbates earnings manipulation in some cases. Finally, the authors document that subsidiary firms use tax management, as proxied by book tax differences, to engage in income-increasing earnings manipulation.

Research limitations/implications

This study examines how affiliation with a listed entity as a subsidiary impacts the earnings quality of private companies. Future research could investigate the financial reporting practices of both private subsidiary firms and standalone private firms, comparing them in similar or differing regulatory environments across various countries.

Practical implications

The findings of this study will help investors, bankers, creditors and regulators to understand the financial reporting of private firms. The study calls for enhanced audit quality at the subsidiary level by making the auditor of the parent firm responsible for auditing a subsidiary, a practice that is currently absent in India.

Originality/value

The results contribute to the existing debate on how firms manage earnings using data of private firms in a large emerging market setting. Previous research has not paid enough attention to the earnings quality of private subsidiaries. The study also emphasizes the necessity for a more robust system of governance and supervision for private firms, particularly in India and generally in other countries.

Details

China Accounting and Finance Review, vol. 27 no. 1
Type: Research Article
ISSN: 1029-807X

Keywords

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Article
Publication date: 16 October 2024

Huda Khan, Kubilay S.L. Ozkan and Erin Cavusgil

Market share gain is one of the key objectives for all firms for seeking growth. It is also a fundamental aspect of competitive rivalry. The extant review of the literature points…

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Abstract

Purpose

Market share gain is one of the key objectives for all firms for seeking growth. It is also a fundamental aspect of competitive rivalry. The extant review of the literature points to a gap among market share performances of emerging market multinationals (EMNEs) firms, advanced economy multinationals (AMNEs) and local firms. The purpose of this study is to delineate and contrast the market share performance of EMNEs, AMNEs and local firms in Africa.

Design/methodology/approach

The study used available longitudinal data (2013–2022) of six industries across four African countries from Euromonitor Passport, a rich, proprietary database.

Findings

Applying contingency theory, the study shows that, over time, there is no clear-cut winner in all markets and industries. Rather, market share gain is contingent on country and industry settings in Africa. Empirical analysis demonstrates that high-tech EMNE firms operating in Africa will exceed those of high-tech AMNEs and local firms. The findings also show that local firms generally performed better during the pandemic.

Originality/value

As Africa is a region of interest for scholars and practitioners, critical international business (IB) research contributions in Africa have predominantly focused on foreign investments from a particular nation. The present study enriches the literature by comparing the market share performance of AMNEs, EMNEs and local firms in this important region – during and prepandemic. The study offers theoretical and managerial implications for understanding the long-term performance of these three types of firms.

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