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1 – 6 of 6Andrea Mastrorilli, Ferdinando Paolo Santarpia and Laura Borgogni
Team-based work is increasing within organizations nowadays. Despite calls for differentiation between individual and team levels of analysis, research on leadership effects at…
Abstract
Purpose
Team-based work is increasing within organizations nowadays. Despite calls for differentiation between individual and team levels of analysis, research on leadership effects at multiple levels is still limited. By integrating the Conservation of Resources and Social Cognitive theories, this paper aims to analyze the relationships between coaching leadership, team collective efficacy and individual exhaustion via multilevel modeling.
Design/methodology/approach
This paper opted for an exploratory study testing a 2-2-1 multilevel mediational model, positing team collective efficacy as a key factor in mediating the relationship between coaching leadership at the team level and exhaustion at the individual level. The hypotheses were tested on a sample of 311 employees, nested in 72 teams (Msize = 5.70, SDsize = 2.82 team members) of a large Italian company that provides financial services.
Findings
Results supported the positive association between coaching leadership and team collective efficacy, which, in turn, was negatively associated with team members’ average score in exhaustion and fully mediated the effect of coaching leadership on exhaustion, even controlling for team design features (i.e. task interdependence and team virtuality). The association between coaching leadership and exhaustion was only indirect, explained by team collective efficacy.
Research limitations/implications
Because of the self-report nature of the measures and the cross-sectional nature of the data, this research results might raise problems of variance in common methods and not allow causal conclusions to be drawn. Therefore, researchers are encouraged to test the proposed propositions further.
Practical implications
This paper includes several practical implications for enhancing group efficacy beliefs, which have an impact on individual well-being within the team.
Originality/value
This paper addresses the lack of empirical findings on the multilevel nature of the relationship between coaching-based leadership, collective team effectiveness and individual exhaustion.
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Obrain Tinashe Murire, Liezel Cilliers and Willie Chinyamurindi
This study examined the influence of social media use on graduateness and the employability of exit students in South Africa.
Abstract
Purpose
This study examined the influence of social media use on graduateness and the employability of exit students in South Africa.
Design/methodology/approach
The study used quantitative and descriptive research designs to test the proposed hypotheses. An online survey was used to collect the data from a study sample. A sample of 411 respondents was received, with structural equation modelling (SEM) being used to assess the model fit.
Findings
The study found that the direct effect of social media use on graduateness skills is significant. Secondly, the direct effect of graduateness skills on perceived employability is also significant. The results also showed existence of support for the mediation of graduateness skills on the relationship between social media use and perceived employability.
Research limitations/implications
The study provides empirical evidence to the proposed model and infers the potential role of social media in addressing issues related to graduateness and the employability of exit students.
Practical implications
In addressing the challenge of unemployment, the use of social media can potentially aid in matters of skills acquisition.
Originality/value
The results demonstrate how technology through the use of social media potentially fits within enhancing graduateness and employability skills.
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This paper reviews the recent collapse of two cryptocurrency enterprises, FTX and Celsius. These two cases of institutional bankruptcy have generated criminal charges and other…
Abstract
Purpose
This paper reviews the recent collapse of two cryptocurrency enterprises, FTX and Celsius. These two cases of institutional bankruptcy have generated criminal charges and other civil complaints, mainly alleging fraud against the CEOs of the companies. This paper aims to analyse the fraud leading to these bankruptcies, drawing on key concepts from the research literature on economic crime to provide explanations for what happened.
Design/methodology/approach
This paper uses a case study approach to the question of how large financial institutions can go off the rails. Two theoretical perspectives are applied to the cases of the FTX and Celsius collapses. These are the “normalisation of deviance” theory and the “cult of personality”.
Findings
In these two case studies, there is an interaction between the “normalisation of deviance” on the institutional level and the “cult of personality” at the level of individual leadership. The CEOs of the two companies promoted themselves as eccentric but successful examples of the visionary tech finance genius. This fostered the normalisation of deviance within their organisations. Employees, investors and regulators allowed criminal and highly financially risky practices to become normalised as they were caught up in the attractive story of the trailblazing entrepreneur making millions in the new cryptoeconomy.
Originality/value
This paper makes a contribution both to the case study literature on economic crime and to the development of general theory in economic criminology.
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Mubashir Ali Khan, Josephine Tan-Hwang Yau, Aitzaz Ahsan Alias Sarang, Ammar Ali Gull and Muzhar Javed
This study aims to examine the extent to which information asymmetry affects investment efficiency and whether the presence of blockholders moderate this relationship.
Abstract
Purpose
This study aims to examine the extent to which information asymmetry affects investment efficiency and whether the presence of blockholders moderate this relationship.
Design/methodology/approach
We employ the data of firms listed on the Malaysian stock exchange for the period 2010–2018, to compose our sample. Our final sample includes the 100 largest non-financial firms based on market capitalization. Collectively, these 100 companies contribute 84.2% to the total market capitalization (MYR 1,730bn) which is representative of the whole market. The ordinary least squares regressions were used as the main estimation technique. The system generalized method of moments, two-stage least squares and propensity score matching were also used, to address potential endogeneity concerns.
Findings
We document a positively significant association of information asymmetry with investment inefficiency. These results imply that information asymmetry reduces investment efficiency and enhances sub-optimal investments. We also document that blockholders negatively moderate the relationship of information asymmetry with investment inefficiency. Further analyses show that investment inefficiency is higher in low-growth firms than in high-growth firms because of higher information asymmetry.
Research limitations/implications
We focus on Malaysia, which is a predominantly common-law Anglo-Saxon country. Graff (2008) documented that the investors are treated differently across legal systems and there are differences between the continental European and Anglo-Saxon countries. La Porta et al. (1999) documented that investors tend to have more legal protection in Anglo-Saxon countries. Therefore, our results may not be generalized to countries with different legal systems.
Practical implications
An important implication of our findings is that stakeholders may encourage the presence of blockholders and give them a voice to weaken the positive relationship between information asymmetry and investment inefficiency.
Originality/value
This study contributes to the contingency literature by investigating the moderating effect of an important governance mechanism, i.e. the presence of blockholders on information asymmetry-investment efficiency nexus. Despite being important, this moderating effect has been largely overlooked in the literature. Our study contributes by providing an understanding of how blockholders can influence investment decisions, offering insights for academics, investors and policymakers focused on improving the efficacy of investment decisions and governance structure.
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This paper introduces and develops a conceptual model, “organizational job crafting,” to extend and apply job crafting theory to precarious workers.
Abstract
Purpose
This paper introduces and develops a conceptual model, “organizational job crafting,” to extend and apply job crafting theory to precarious workers.
Design/methodology/approach
This conceptual model incorporates the perspectives of organizational justice theory into job crafting theory to identify precarious workers’ unique job crafting motivation and processes in their work environment. The theory is developed by integrating and adjusting aspects of these two approaches.
Findings
This model invokes five propositions specifying (1) the impacts of organizational justice on individual motivations for job crafting, (2) the conditions for developing a shared perception of organizational justice, (3) the forms of organizational job crafting and (4) the individual and organizational effects of job crafting. Moderating conditions are identified, such as the level of connection to labor/community organizations.
Originality/value
This study extends established job crafting theory, enriching it by incorporating the precarious worker perspective. By connecting job crafting to organizational justice theories, this model opens the possibility that workers’ job crafting can produce not only personal enrichment or work efficiency but also contribute to organizational changes. The theoretical development handles issues blocked or hidden by the original constituent theoretical ingredients.
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Anissa Dakhli and Asma Houcine
This paper aims to investigate the direct and indirect relationship between CEO compensation and earnings management using corporate social responsibility (CSR) as a mediating…
Abstract
Purpose
This paper aims to investigate the direct and indirect relationship between CEO compensation and earnings management using corporate social responsibility (CSR) as a mediating variable.
Design/methodology/approach
This study examines 159 French firms listed on the SBF 250 index, encompassing 1,908 firm-year observations from 2011 to 2022, to investigate the relationship between CEO compensation, CSR and earnings management. We used discretionary accruals as the earnings management measure, under the Kothariet al. model (2005). The direct and indirect effects between CEO compensation and earnings management were tested using structural equation model analysis.
Findings
The results reveal that CEO compensation positively influences earnings management. Higher CEO compensation is associated with a greater likelihood of engaging in earnings management practices. CSR was found to partially mediate the relationship between CEO compensation and corporate earnings management. Further analysis indicates that the social and environmental dimensions of CSR contribute significantly to this mediating effect.
Research limitations/implications
The study’s focus on the French institutional context may limit the generalizability of the findings to other regions. In addition, the relatively small sample size, given the limited number of publicly listed firms in France, suggests that extending the study to include other European countries could enhance the robustness of the results.
Practical implications
The findings have practical implications for companies, policymakers and regulators seeking to curb opportunistic managerial behavior. Regulators can develop policies that promote transparency and ethical financial reporting, leveraging CSR as a governance tool to curb earnings manipulation.
Social implications
This study highlights the ethical concerns of excessive CEO compensation, which may incentivize earnings management and undermine financial transparency. It emphasizes the need for strong CSR practices, particularly in the social and environmental dimensions, to mitigate these issues and align corporate behavior with societal and sustainability goals.
Originality/value
The originality of this paper lies in its exploration of both direct and indirect relationships between CEO compensation and earnings management, with CSR acting as a mediating variable. Unlike previous studies that have primarily focused on the direct link between CEO compensation and earnings management, this research investigates the potential mediating role of CSR in this relationship. In addition, this study distinguishes itself by examining the impact of the structure of CEO compensation on earnings management. While the existing literature has concentrated on total CEO compensation, the effects of its individual components such as fixed and variable compensation remain underexplored.
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