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1 – 10 of 20Minghao Zhu, Shucheng Miao, Hugo K.S. Lam, Chen Liang and Andy C.L. Yeung
This study aims to investigate the impact of geopolitical risk (GPR) on supply chain concentration (SCC) and the roles of operational capabilities and resources in this…
Abstract
Purpose
This study aims to investigate the impact of geopolitical risk (GPR) on supply chain concentration (SCC) and the roles of operational capabilities and resources in this relationship.
Design/methodology/approach
Secondary longitudinal data from multiple sources is collected and combined to test for a direct impact of GPR on SCC. We further examine the moderating effects of firms’ operational capabilities and resources (i.e. firm resilience, operational slack and cash holding). Fixed-effect regression models are applied to test the hypotheses, followed by a series of robustness tests to check the consistency of the results.
Findings
Consistent with the tenets of resource dependence theory, our analysis reveals a significant negative impact of GPR on SCC. Moreover, we find that this adverse effect is attenuated for firms with higher levels of resilience, more operational slack and greater cash holdings. Further analysis suggests that maintaining a diversified supply chain base during heightened GPR is associated with a firm’s improved financial performance.
Originality/value
This study contributes to the supply chain management (SCM) literature by integrating GPR into the supply chain risk management framework. Additionally, it demonstrates the roles of diversification and operational resources in addressing GPR-induced challenges.
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Hugo Alvarez-Perez and Rolando Fuentes
This study aims to analyze the relationship between environmental, social and governance (ESG) ratings and corporate bond credit spreads within the oil and gas (O&G) industry…
Abstract
Purpose
This study aims to analyze the relationship between environmental, social and governance (ESG) ratings and corporate bond credit spreads within the oil and gas (O&G) industry. Given the sector’s significant environmental impact and the current energy transition, it is crucial to understand how ESG disclosure affects financial performance, particularly in terms of debt market dynamics. This research aims to provide empirical evidence on whether ESG efforts by O&G companies influence their cost of borrowing.
Design/methodology/approach
This study employs a quantitative approach using secondary data from Refinitiv for the period 2018–2022. To address potential endogeneity issues, we utilize two-stage-least-squares regressions. The analysis focuses on corporate bond spreads as the dependent variable and ESG as the key independent variable.
Findings
Our findings indicate a negative association between ESG disclosure and corporate bond spreads. Specifically, companies with higher ESG ratings tend to experience lower credit spreads, suggesting that improved ESG practices may lead to reduced borrowing costs. Additionally, the results show that non-state-owned companies (SOC) benefit more from ESG in terms of financial performance compared to state-owned counterparts.
Research limitations/implications
The study is limited by its reliance on secondary data from Refinitiv, which may not capture all nuances of ESG practices and financial performance. Additionally, the analysis is confined to the O&G industry, potentially limiting the generalizability of the findings to other sectors. Future research could expand the scope to include other industries and incorporate primary data to provide a more comprehensive understanding of the ESG–financial performance relationship.
Practical implications
The study’s findings suggest that O&G companies can potentially reduce their borrowing costs by improving their ESG ratings. This insight is valuable for corporate managers and investors, as it highlights the financial benefits of sustainable practices. Additionally, policymakers could use these findings to encourage better ESG disclosure and practices within the industry, ultimately promoting a more sustainable energy sector.
Social implications
By demonstrating the financial advantages of ESG disclosure, this study underscores the broader social benefits of sustainable business practices. Improved ESG ratings not only contribute to environmental and social well-being but also enhance a company’s financial performance. This dual benefit can motivate more companies to adopt sustainable practices, leading to positive societal impacts such as reduced environmental damage and improved community relations.
Originality/value
This study contributes to the existing literature by providing empirical evidence on the relationship between ESG ratings and corporate bond credit spreads specifically within the O&G industry. By highlighting the differential impact of ESG disclosure on state-owned versus non-SOC, the research offers unique insights that can inform corporate strategies in the context of sustainability and financial performance.
Propósito
Analizar la relación entre las calificaciones-ESG y los diferenciales de bonos corporativos en la industria del petróleo y gas (PyG). Dada la significativa huella ambiental del sector y la transición energética, es crucial comprender cómo la divulgación-ESG afecta el desempeño financiero en términos de dinámicas del mercado de deuda.
Diseño/metodología/enfoque
Se emplea un enfoque cuantitativo utilizando datos secundarios de Refinitiv para 2018–2022. Para abordar problemas de endogeneidad, utilizamos regresiones en dos-etapas. El análisis se centra en los diferenciales de los bonos corporativos (variable dependiente) y las calificaciones ESG (variable independiente).
Resultados
Nuestros resultados indican una asociación negativa entre ESG y los diferenciales de de bonos corporativos en la industria PyG. Las empresas con mejores calificaciones ESG tienden a experimentar diferenciales de crédito más bajos, sugiriendo que las prácticas ESG pueden llevar a una reducción en los costos de endeudamiento. Además, los resultados muestran que las empresas no estatales se benefician más de la divulgación ESG en términos de desempeño financiero en comparación con sus contrapartes estatales.
Originalidad/valor
Se proporciona evidencia empÃrica sobre la relación entre las calificaciones-ESG y los diferenciales de bonos corporativos. El uso de regresiones en dos etapas para abordar los problemas de endogeneidad añade robustez a los hallazgos. Al resaltar el impacto diferencial de la divulgación-ESG en las empresas estatales versus no estatales, la investigación ofrece perspectivas únicas que pueden informar estrategias corporativas de sostenibilidad y desempeño financiero.
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Hugo Alberto Álvarez-Perez and Rolando Fuentes-Bracamontes
This study aims to investigate the impact of environmental, social and corporate governance (ESG) factors on job satisfaction within the context of small and medium-sized…
Abstract
Purpose
This study aims to investigate the impact of environmental, social and corporate governance (ESG) factors on job satisfaction within the context of small and medium-sized enterprises (SMEs), addressing a notable gap in understanding these relationships.
Design/methodology/approach
Data were collected from 97 full-time and part-time employees using a tailored survey instrument. Control variables included demographic factors, such as gender, age, marital status and hierarchical position. The study postulated four moderation hypotheses, conducted rigorous significance tests and demonstrated strong model reliability and validity, along with highly satisfactory fit parameters.
Findings
The findings confirm a positive association between the E, S and G factors and job satisfaction perceptions. Marital status was identified as a moderator in the relationship between social dimensions and job satisfaction. In addition, the multigroup analysis revealed variations in the associations between ESG dimensions and job satisfaction across different age groups, marital statuses and hierarchical positions.
Originality/value
The main contribution of this research lies in filling a significant gap in the understanding of how sociodemographic variables influence the relationship between employees and socially responsible behavior in SMEs.
Objetivo
Este estudio empÃrico tuvo como objetivo investigar el impacto de los factores ESG (ambientales, sociales y de gobierno corporativo) en la satisfacción laboral en el contexto de las pequeñas y medianas empresas (PYME), abordando una brecha notable en la comprensión de estas relaciones.
Diseño/metodología/enfoque/Metodología/Enfoque
Se recopilaron datos de 97 empleados a tiempo completo y parcial utilizando un instrumento de encuesta personalizado. Las variables de control incluyeron factores demográficos, como género, edad, estado civil y posición jerárquica. El estudio postuló cuatro hipótesis de moderación, realizó pruebas de significación rigurosas y demostró una sólida confiabilidad y validez del modelo, junto con parámetros de ajuste altamente satisfactorios.
Resultados
Los hallazgos confirman una asociación positiva entre los factores E, S y G y las percepciones de satisfacción laboral. El estado civil se identificó como un moderador en la relación entre las dimensiones sociales y la satisfacción laboral. Además, el análisis multigrupo reveló variaciones en las asociaciones entre las dimensiones ESG y la satisfacción laboral en diferentes grupos de edad, estados civiles y posiciones jerárquicas.
Originalidad/valor
La principal contribución de esta investigación radica en llenar un vacÃo importante en nuestra comprensión de cómo las variables sociodemográficas influyen en la relación entre los empleados y el comportamiento socialmente responsable en las PYME.
Objetivo
Este estudo empÃrico teve como objetivo investigar o impacto dos fatores ESG (ambientais, sociais e de governança corporativa) na satisfação no trabalho no contexto de pequenas e médias empresas (PMEs), abordando uma lacuna notável na compreensão dessas relações.
Design/Metodologia/Abordagem
Os dados foram coletados de 97 funcionários de perÃodo integral e parcial usando um instrumento de pesquisa personalizado. As variáveis de controle incluÃram fatores demográficos, como gênero, idade, estado civil e posição hierárquica. O estudo postulou quatro hipóteses de moderação, conduziu testes de significância rigorosos e demonstrou forte confiabilidade e validade do modelo, juntamente com parâmetros de ajuste altamente satisfatórios.
Resultados
Os resultados confirmam uma associação positiva entre os fatores E, S e G e as percepções de satisfação no trabalho. O estado civil foi identificado como moderador na relação entre dimensões sociais e satisfação no trabalho. Além disso, a análise multigrupo revelou variações nas associações entre dimensões ESG e satisfação no trabalho em diferentes faixas etárias, estados civis e posições hierárquicas.
Originalidad/valor
A principal contribuição desta pesquisa está em preencher uma lacuna significativa em nossa compreensão de como as variáveis sociodemográficas influenciam o relacionamento entre funcionários e comportamento socialmente responsável em PMEs.
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Robertico Croes, Hugo Padrón-Ávila, Manuel Rivera and Chaithanya Renduchintala
This study aims to examine key factors influencing hospitality employee turnover in a post-pandemic context, challenging conventional assumptions about the role of demographics…
Abstract
Purpose
This study aims to examine key factors influencing hospitality employee turnover in a post-pandemic context, challenging conventional assumptions about the role of demographics and work-related factors in retention decisions.
Design/methodology/approach
The research adopted a comprehensive framework using the capability approach and geospatial data analysis, integrating social vulnerability indexes with survey responses from 797 hospitality employees. This study analyzed turnover intentions across demographics, job roles and regions, focusing on Florida’s I-4 corridor.
Findings
Individual conversion factors like age and marital status were the strongest predictors of turnover, with older and married employees less likely to leave their jobs. In contrast, traditional variables like income, education and job type did not significantly influence turnover intentions. The pandemic blurred distinctions between job roles, highlighting personal circumstances, health risks and economic pressures as critical factors. Contrary to expectations, financial assistance did not significantly reduce turnover intentions. In addition, employees’ life circumstances, such as social vulnerability, influence labor relations and turnover more than work-related conditions.
Research limitations/implications
This study enriches turnover literature by confirming that personal life circumstances, like age and marital status, are pivotal in understanding employee retention. It challenges conventional demographic and work-related predictors and urges future research to explore the interaction between personal and professional factors in the hospitality industry. The study’s agent-based framework deepens the understanding of how various factors shape employee decisions to stay or leave.
Practical implications
The findings suggest that hospitality employers must develop more localized, employee-centric retention strategies, especially for younger employees. Tailored approaches considering regional and demographic differences, such as providing career development opportunities and flexible work conditions, could foster long-term loyalty. In rural areas, retention efforts should focus on improving job satisfaction and community support, while in urban areas, strategies prioritize career progression and flexibility.
Social implications
The study’s findings have significant social implications, particularly in reshaping how employee retention strategies are developed in the hospitality industry. By emphasizing life circumstances over traditional work-related factors, the research highlights the importance of supporting employees’ resilience, especially for those facing social vulnerability. Employers may need to create more flexible and inclusive policies that account for personal, economic and health-related challenges. In addition, the findings suggest that financial aid alone is insufficient in reducing turnover, calling for a more holistic approach that integrates emotional and social support to foster a more stable and loyal workforce.
Originality/value
This study challenges traditional turnover models by shifting focus from work-related factors to life circumstances, particularly the resilience of older and married employees. It integrates three dimensions – personal (sociodemographics), social (support) and environmental (job type, pandemic challenges) – to examine their influence on employee agency. This triadic framework offers insights into how individual, social and contextual factors shape turnover decisions.
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Megan Rauch Griffard, Diamond Ebanks and Jacob D. Skousen
This chapter discusses the role of school leadership in the face of climate disasters and environmental injustices. These disruptions to schooling are emblematic of an increasing…
Abstract
This chapter discusses the role of school leadership in the face of climate disasters and environmental injustices. These disruptions to schooling are emblematic of an increasing global uncertainty. School leaders play a pivotal role mitigating uncertainty following an environmental crisis or disaster through leadership activities that support their communities. However, preparing school leaders for unexpected disruptions to schooling has often been overlooked by preparation programs and professional development. The goal of this chapter is to equip school leaders with an essential understanding of both the influence of environmental injustice on schools and the tools to respond effectively to these events. First, the chapter contextualizes environmental injustice and inequality as a factor that influences school and student performance, especially for students living below the poverty line and students of color. Next, it synthesizes how school leaders have responded to prior instances of climate disasters and environmental injustices. Finally, it presents key considerations for school leaders confronting future occurrences.
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René Nolio Santa Cruz, Hugo Vaz Sampaio, Carlos Becker Westphall, Maximiliano Dutra de Camargo and Daniela Couto Carvalho Barra
The objectives of the proposed model are: aiding nursing staff in documentation tasks, which can be onerous and stressful; and helping management by offering an estimate of the…
Abstract
Purpose
The objectives of the proposed model are: aiding nursing staff in documentation tasks, which can be onerous and stressful; and helping management by offering an estimate of the nursing workload, which can be considered for administrative purposes, such as staff scheduling.
Design/methodology/approach
An exploratory-descriptive study was conducted in order to identify, investigate, and describe the problem of documenting nursing activities and workload estimation in an intensive care unit. Technological solutions were explored, and models were proposed to address these issues.
Findings
Cross-dataset experiments were performed, and the model was able to offer an adequate estimate of the nursing workload. The results suggest that continuous retraining is essential for maintaining high accuracy. While the proposed model was considered in the context of an adult ICU, it can be adapted to other contexts, such as elderly care.
Research limitations/implications
While the proposed solution seems promising, further research is required, such as deploying this system in an ICU and facing challenges in the areas of computer security, medical ethics, and patient data privacy. More patients’ variables could also be collected to improve the workload estimates.
Originality/value
Nursing workload assessment is critical to improve the cost-benefit ratio in health care, offer high-quality patient care, and reduce unnecessary expenses, and this process is usually manual. An automated device can automatically document the amount of time spent in patient care activities in a more transparent, efficient, and accurate manner, freeing staff for more urgent activities and keeping management better informed about day-to-day nursing operations.
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Marina Garcia-Morante, Crista Weise, Laura Karina Diaz Villalba and Montserrat Castelló
This study aims to critically assesses how Spanish PhD holders working outside academia perceive and value their past PhD training experiences within academic PhD programs…
Abstract
Purpose
This study aims to critically assesses how Spanish PhD holders working outside academia perceive and value their past PhD training experiences within academic PhD programs, addressing the growing need for skills applicable in various sectors.
Design/methodology/approach
Using a retrospective interpretative design, the authors collected qualitative data from 35 PhD holders who have transitioned to non-academic careers. Through multimodal interviews, the authors gathered in-depth perceptions to understand the strengths and weaknesses of existing PhD training in relation to non-academic employability.
Findings
The findings highlight a significant disconnect between academic-oriented training and the practical demands of non-academic jobs, particularly in non-research roles. While PhD training was valued in research-related non-academic positions, especially in STEM fields, it was considered insufficient for those in managerial or other non-research roles unless the training included specific industry-related projects. Participants suggested a cultural shift in PhD programs towards a more balanced academic and non-academic focus, integrating societal concerns and broader competencies like effective communication and managerial skills. These changes are seen as crucial for better-preparing PhD candidates for diverse professional environments, emphasising the need for PhD programs to evolve continually in response to the changing dynamics of the labour market and societal needs.
Originality/value
This study contributes to the ongoing discussion about the need for PhD programs to evolve by offering a unique perspective from within the Spanish context. It underscores the necessity for educational reforms incorporating comprehensive skill training, aligning more closely with the career opportunities available to PhD graduates.
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Sebastian Vaduva, Lance Brouthers, Melisa Benchis and Amalia Cristina Nedelcut
The purpose of this paper is to explore the viability of shifting foreign direct investment (FDI) from China to Central and Eastern European (CEE) countries in light of recent…
Abstract
Purpose
The purpose of this paper is to explore the viability of shifting foreign direct investment (FDI) from China to Central and Eastern European (CEE) countries in light of recent geopolitical and economic challenges. By analyzing case studies, it argues that CEE nations offer a compelling alternative for Western European businesses, with stronger intellectual property protection, political stability and alignment with European Union (EU) sustainability goals. The paper provides insights for firms and policymakers on mitigating risks and enhancing business operations by pivoting toward the CEE region, offering practical recommendations for adapting to shifting global trade dynamics.
Design/methodology/approach
The design methodology uses the case study approach to analyze the shift of FDI from China to CEE. This method examines the geopolitical, economic and legal contexts influencing business decisions, using real-world examples of Western European companies that have made this transition. The case studies highlight key factors in decision-making and the benefits of relocating investments to the CEE region.
Findings
The study identifies several advantages of the CEE region over China for Western European firms. These include geographic proximity, similarities in business values and purposes, environmental accountability, trustworthiness in business, enforceable noncompetition rules, lower risks of counterfeiting, reduced political and administrative risks, lower risks of intellectual property theft and reduced risks of negative publicity.
Practical implications
The findings suggest that Western European firms should consider redirecting their FDI to the CEE region to mitigate risks associated with investing in China. This move could offer long-term benefits despite short-term complications.
Originality/value
This paper contributes to the FDI theoretical framework by enhancing the cultural, administrative, geographic and economic (CAGE) distance framework. It provides a unique perspective on the shifting dynamics between Europe and China and highlights the potential of the CEE region as a viable alternative for FDI.
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