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Available. Open Access. Open Access
Article
Publication date: 3 February 2025

Jianhong Zhang, Suzana B. Rodrigues, Jiangang Jiang and Chaohong Zhou

The purpose of this paper is to investigate the impact of political instability at the local level on foreign firms in China. Building on the literature on political embeddedness…

69

Abstract

Purpose

The purpose of this paper is to investigate the impact of political instability at the local level on foreign firms in China. Building on the literature on political embeddedness and business power, the authors propose a theoretical framework to explain how political turnover can affect foreign firms’ performance and how they respond to such challenges by leveraging their power bases.

Design/methodology/approach

To test the hypotheses, the authors apply fixed effects regression to an unbalanced panel data set comprising 13,360 foreign firms from 1998 to 2013 and the political replacement that involved changes in provincial governors.

Findings

The findings confirm that political turnover incidents have a negative impact on the performance of foreign firms in China. However, the authors also found that this negative relationship is weaker for firms that can choose various types of power sources. Specifically, the study reveals that foreign firms with large firm size, government ownership and a strong foreign direct investment community are better qualified to mitigate the negative effects of political instability.

Originality/value

This study contributes to the literature by developing the understanding of how political uncertainties and risks affect the performance of foreign firms in China and the importance of firms’ power in counterbalancing these effects. The research provides valuable insights into how multinational corporations can exploit their power to manage the effects of local political turnover, which has practical implications for the strategy and management of foreign firms operating in China.

Details

Multinational Business Review, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1525-383X

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Article
Publication date: 19 December 2024

Hailiang Zou, Guoyou Qi and Xuemei Xie

Open innovation enables firms to incorporate external expertise and resources into their innovations. However, it is far from easy to obtain sufficient support from external…

29

Abstract

Purpose

Open innovation enables firms to incorporate external expertise and resources into their innovations. However, it is far from easy to obtain sufficient support from external contributors due to potential concerns about the risks of opportunism and appropriation. This paper aims to investigate whether firms’ engagement in corporate social responsibility (CSR) contributes to their open innovation, considering the contingency factors of technological capability, environmental dynamism and state ownership based on capability and motivation perspectives.

Design/methodology/approach

Using a sample of Chinese listed firms covering the period from 2009 to 2018, instrumental variable and propensity score matching approaches were used to address the endogenous problems.

Findings

This paper obtains empirical results showing that firms engaged in higher levels of CSR produce more joint outputs (co-owned patents) and that this effect is strengthened by technological capability and environmental dynamism. Among state-owned enterprises, CSR engagement is less impactful with regard to open innovation. It is further shown that open innovation is a primary channel through which CSR engagement enhances innovative efficiency.

Originality/value

This study enriches the knowledge of the antecedents of open innovation and contributes to the debate regarding the relationship between CSR and innovation by establishing a relationship between CSR and open innovation, whereas most prior studies focus on how the input and output of innovation are affected by CSR initiatives.

Details

Journal of Business & Industrial Marketing, vol. 40 no. 2
Type: Research Article
ISSN: 0885-8624

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Article
Publication date: 15 October 2024

Courtney Hamby and Carissa R. Smock

Healthcare workforce shortages, particularly in rural areas, present a global challenge. The purpose of this study is to explore the leadership dynamics within federally qualified…

59

Abstract

Purpose

Healthcare workforce shortages, particularly in rural areas, present a global challenge. The purpose of this study is to explore the leadership dynamics within federally qualified health centers (FQHC) in rural Oklahoma, focusing on recruitment, retention, job satisfaction and development practices.

Design/methodology/approach

Eighteen managers with five or more years of tenure from Oklahoma FQHCs were interviewed. Leadership’s role in influencing job satisfaction, recruitment, retention and development practices was analyzed using a multilevel ecological framework through qualitative content analysis with NVivo.

Findings

The analysis includes ten key themes including the critical role of leadership in addressing recruitment and retention challenges, the importance of aligning organizational culture, rural culture, access challenges, trainings and values with workforce development initiatives, and the impact of leadership practices on job satisfaction.

Originality/value

This study uniquely examines leadership strategies in rural FQHCs, integrating ecological considerations for cultural, logistical and community-specific factors. It emphasizes the pivotal role leadership plays in shaping workforce development. As rural healthcare evolves, refining these approaches is crucial for addressing workforce challenges, improving healthcare access and ensuring that rural FQHCs remain sustainable, driving positive outcomes for healthcare professionals and communities.

Details

Leadership in Health Services, vol. 38 no. 1
Type: Research Article
ISSN: 1751-1879

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Article
Publication date: 27 August 2024

Mohamed Toukabri

Companies are increasingly appointing a Chief Sustainability Officer (CSO) to anchor the need to highlight climate change at the senior management level. This study aims to…

246

Abstract

Purpose

Companies are increasingly appointing a Chief Sustainability Officer (CSO) to anchor the need to highlight climate change at the senior management level. This study aims to examine how CSO power and sustainability-based compensation influence climate reporting and carbon performance.

Design/methodology/approach

Using one of the largest data sets to date, consisting of 18,834 company years through the author’s observations, spanning an 11-year period (2011–2021) in 33 countries. This paper used quantitative methods – specifically, ordinal logistic regression estimation. This paper measures the level of climate change disclosure based on the carbon disclosure leadership methodology. Carbon performance is based on the intensity of carbon emissions (Scope 1, Scope 2), which is a quantitative and relatively more objective measure.

Findings

The results suggest that climate change disclosure continued to increase and the carbon emissions intensity of the companies in this study gradually decreased over the sample period. This paper finds that the presence of the CSO within the top management team has a positive and significant influence on the level of information on climate change of the companies in the sample. This finding confirms the idea that the managerial capacity of CSOs motivates the disclosure of climate change. The empirical results confirm that there are differences in the role that the CSO and sustainability-based compensation play in influencing the quality of climate information disclosure in developed and developing countries.

Originality/value

The recourse on a mixed theoretical framework, which highlights upper echelons theory, argues the understanding of the role of CSOs in explaining the relationship between climate change disclosure–carbon performance relationship. The novelty of the study lies in the approaches adopted to describe the quality of climate change disclosure. To control for endogeneity, this paper uses a difference-in-difference analysis by adding a firm to the Morgan Stanley Capital International index as an exogenous shock.

Details

Society and Business Review, vol. 20 no. 1
Type: Research Article
ISSN: 1746-5680

Keywords

Available. Open Access. Open Access
Article
Publication date: 31 October 2024

Yamin Xie, Zhichao Li, Wenjing Ouyang and Hongxia Wang

Political factors play a crucial role in China's initial public offering (IPO) market due to its distinctive institutional context (i.e. “economic decentralization” and “political…

169

Abstract

Purpose

Political factors play a crucial role in China's initial public offering (IPO) market due to its distinctive institutional context (i.e. “economic decentralization” and “political centralization”). Given the significant level of IPO underpricing in China, we examine the impact of local political uncertainty (measured by prefecture-level city official turnover rate) on IPO underpricing.

Design/methodology/approach

Using 2,259 IPOs of A-share listed companies from 2001 to 2019, we employ a structural equation model (SEM) to examine the channel (voluntarily lower the issuance price vs aftermarket trading) through which political uncertainty affects IPO underpricing. We check the robustness of the results using bootstrap tests, adopting alternative proxies for political uncertainty and IPO underpricing and employing subsample analysis.

Findings

Local official turnover-induced political uncertainty increases IPO underpricing by IPO firms voluntarily reducing the issuance price rather than by affecting investor sentiment in aftermarket trading. These relations are stronger in firms with pre-IPO political connections. The effect of political uncertainty on IPO underpricing is also contingent upon the industry and the growth phase of an IPO firm, more pronounced in politically sensitive industries and firms listed on the growth enterprise market board.

Originality/value

Local government officials in China usually have a short tenure and Chinese firms witness significantly severe IPO underpricing. By introducing the SEM model in studying China IPO underpricing, this study identifies the channel through which local government official turnover to political uncertainty on IPO underpricing.

Details

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

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Article
Publication date: 20 August 2024

Changfei Nie, Wen Luo, Zhi Chen and Yuan Feng

Based on strategic choice theory, this study examines the impact and mechanisms of intellectual property demonstration city (IPDC) policy in China on corporate ESG performance.

174

Abstract

Purpose

Based on strategic choice theory, this study examines the impact and mechanisms of intellectual property demonstration city (IPDC) policy in China on corporate ESG performance.

Design/methodology/approach

This study uses China’s A-share listed companies’ data from 2009 to 2019 and conducts a difference-in-differences (DID) to explore the causal relationship between IPDC policy and corporate ESG performance.

Findings

Baseline regression results indicate that the IPDC policy can significantly improve corporate ESG performance. Mechanism tests reveal that the IPDC policy expands firm green technology innovation, enhances firm human capital investment and increases government innovation subsidies, thereby promoting corporate ESG performance. Moderating effect results show that the promotion impact on corporate ESG performance of the IPDC policy is diminished by government fiscal pressure. Heterogeneity analyses indicate that the IPDC policy has a stronger impact on corporate ESG performance in key cities, firms in high-tech industries, firms with a higher reliance on intellectual property protection (IPP) and state-owned enterprises (SOEs).

Originality/value

The findings enrich the theoretical research on the influencing factors of corporate ESG performance and provide practical references to strengthen IPP and implement a more thorough intellectual property development strategy.

Details

Business Process Management Journal, vol. 31 no. 1
Type: Research Article
ISSN: 1463-7154

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Article
Publication date: 30 August 2024

Mohan Lal Jangid and Anil Kumar Sharma

This study primarily examines the link between carbon and financial performance in the Asia-Pacific region. In addition, the study also explores how the economic impact of carbon…

217

Abstract

Purpose

This study primarily examines the link between carbon and financial performance in the Asia-Pacific region. In addition, the study also explores how the economic impact of carbon performance varies in carbon-intensive and non-carbon-intensive industries.

Design/methodology/approach

This study takes a sample of 1,539 non-financial firms from 13 Asia-Pacific countries from 2014 to 2021. It employs a firm-fixed effect panel regression model to examine the objective.

Findings

The findings indicate that carbon performance improvement enhances accounting-based and market-based financial performance. The positive impact of carbon abatement stems from increased operational efficiency, energy efficiency and lower production costs. Further, the stock market participants also reward the firm for carbon efficiency. However, the carbon intensity of industrial sectors presents a conflicting picture for this association.

Originality/value

This study adds insights to the literature by providing a contemporary reflection on the nexus between carbon emissions and economic outcomes in the understudied Asia-Pacific region. It also unveils the nuanced difference in the carbon-financial performance relationship attributed to industries' carbon sensitivity.

Details

Asian Review of Accounting, vol. 33 no. 1
Type: Research Article
ISSN: 1321-7348

Keywords

Available. Open Access. Open Access
Article
Publication date: 31 January 2023

Ahmed Nazzal, Maria-Victòria Sánchez-Rebull and Angels Niñerola

This study introduces a comprehensive bibliometric analysis of the foreign direct investment (FDI) literature by multinational corporations (MNCs) focusing on emerging economies…

12089

Abstract

Purpose

This study introduces a comprehensive bibliometric analysis of the foreign direct investment (FDI) literature by multinational corporations (MNCs) focusing on emerging economies to identify the most influential authors, journals and articles in FDI research and reveals the fields' conceptual and intellectual structures. The purpose of this paper is to address these issues.

Design/methodology/approach

The study analyzed 533 articles published between 1974 and 2020 in 226 academic journals indexed in the Web of Science (WoS) and Scopus databases. We used the R language for statistical computing to map author collaboration, co-word and develop a conceptual and intellectual map of the field.

Findings

The results show that, although the FDI literature has many authors, few dominate the field. The International Business Review (IBR) and International Journal of Emerging Markets (IJoEM) are the main sources of the publications. Moreover, bibliometric laws show that our dataset follows the Lotka law of scientific productivity and Bradford law of scattering, identifying the core journals. Finally, FDI by MNCs in emerging economies research is divided into four sub-research themes related to (1) FDI determinants, (2) entry mode, (3) MNCs and FDI performance and (4) the internationalization process.

Originality/value

The current article provides several starting points for practitioners and researchers investigating FDI. It contributes to broadening the vision of the field and offers recommendations for future studies.

Details

International Journal of Emerging Markets, vol. 20 no. 13
Type: Research Article
ISSN: 1746-8809

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Article
Publication date: 19 February 2025

Safdar Khan, Sujood, Asad Rehman, Saima Kareem and Ramzi Al Rousan

This systematic literature review (SLR) seeks to thoroughly investigate and synthesize existing research primarily focused on the role and impact of livestreaming technologies in…

32

Abstract

Purpose

This systematic literature review (SLR) seeks to thoroughly investigate and synthesize existing research primarily focused on the role and impact of livestreaming technologies in the events industry. The review aims to uncover key trends and strategies associated with the integration of livestreaming in several event settings, including conferences, concerts and virtual events.

Design/methodology/approach

Employing a systematic approach, this review involves a meticulous search of the Scopus database and relevant literature using a predefined search string. The search is tailored to capture studies that specifically address livestreaming, with a focus on events such as conferences, concerts and other public gatherings.

Findings

This SLR uncovers the findings related to various aspects of livestreaming at events. Key areas of interest include the strategies employed by event organizers, audience experiences, technical requirements, monetization models, social media integration and the suitability of livestreaming in different event categories. By synthesizing the findings from the selected studies, this review provides an integrated framework of how livestreaming technologies impact event management, engagement and overall audience satisfaction.

Research limitations/implications

While striving for comprehensiveness, this SLR acknowledges potential limitations inherent in the available literature. Variability in research methodologies, publication biases and evolving technologies may introduce limitations. Additionally, the scope is limited to English-language publications within the specified subject areas. These limitations will be transparently discussed to guide future studies and promote the efficient utilization of livestreaming technologies in the events industry.

Originality/value

The originality of this SLR hinges on its thorough examination of the current state of knowledge on livestreaming technologies in events. The identification of trends and strategies will offer valuable insights for both scholars and practitioners, guiding future research directions and informing strategic decision-making in the dynamic field of event management.

Details

International Journal of Event and Festival Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1758-2954

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Article
Publication date: 4 February 2025

Yishan Du, Liguo Xu, Wenchun Luo and Xian Xue

Improving the management efficiency of new principals in low-performing schools has important practical value and theoretical significance. Based on organizational socialization…

4

Abstract

Purpose

Improving the management efficiency of new principals in low-performing schools has important practical value and theoretical significance. Based on organizational socialization theory, this study adopts a single case study method to analyze in-depth the organizational socialization process of a new principal after taking over a low-performing school.

Design/methodology/approach

Through three years of longitudinal data analysis in a Chinese school, the study establishes four stages that the new principal experienced after taking office. Then, it analyzes the interaction between the new principal and school members (vice-principals, department heads and teachers) in each stage.

Findings

Three main determinants can be perceived to affect the effectiveness of the new principal: the former principal’s imprint, school members’ internal contagion and school members’ demand contradiction. The study further shows that the new principal needed to pay attention to school members’ attitudes toward himself and the former principal as well as focus on building relationships with management.

Originality/value

This study expanded the analysis from teachers to school members (including vice-principals and department heads) to comprehensively analyze the organizational socialization of a new principal.

Details

International Journal of Educational Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0951-354X

Keywords

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