Search results

Purpose: This chapter uses the annual time series data to investigate how currency depreciation impacts inflation in Sri Lanka.

Design/methodology/approach: We utilized the autoregressive distributed lag (ARDL) test to evaluate the long-term correlation between the variables. Additionally, the Granger causality test was used to examine the short-term relationships.

Findings: The ARDL test findings indicate an elevated relationship between currency depreciation and long-term inflation in Sri Lanka. The coefficient value of the error correction term indicates that 1.19% of the discrepancy error is rectified each year, directing the inflation response variable toward the long-term equilibrium.

Policy Implication: The Central Bank of Sri Lanka (CBSL) should adopt a policy to tighten and lessen currency pressure and fend off inflationary pressure. To design appropriate policies, they must quantify the country’s exchange rate (ER) pass-through to inflation. The pass-through to inflation is most prominent when monetary policy action triggers or amplifies currency movements. However, this pass-through to inflation can be kept smaller provided central banks follow a credible inflation-targeting framework, operate in a flexible ER period, and are accessible from influences from fiscal authorities in the country.

Originality/value: This study uses the recently established ARDL limits cointegration approaches to investigate the enduring association between currency devaluation and price stability in Sri Lanka.

This study aims to examine the challenges and risks in public procurement, focusing on Greece’s context within the EU framework. It seeks to provide guidance on mitigating potential risks throughout different stages of public procurement by leveraging the knowledge of Greek professionals and existing literature. The research explores the implementation of the national public procurement plan in Greece, aiming to accelerate contract awards, reduce bureaucracy, promote competition and encourage cost-effectiveness among contracting authorities.

The study uses a qualitative approach, combining a literature review with expert interviews. Greek professionals with extensive experience in public procurement were consulted to gather insights on current practices, challenges and risk mitigation strategies. The research also analyzes EU public procurement strategies and their implementation in Greece. This mixed-method approach allows for a comprehensive understanding of the public procurement landscape, integrating theoretical frameworks with practical insights from industry experts.

The research reveals significant improvements in Greece’s public procurement sector despite persistent irregularities and challenges. Key findings include the need for increased transparency, professionalization of sector staff, support for SMEs and enhanced digitization. The study identifies specific risks at various stages of the procurement process and proposes mitigation strategies. It also highlights the importance of implementing the national public procurement plan to streamline processes, reduce bureaucratic hurdles and promote competition and cost-effectiveness.

Effective public procurement management has far-reaching social implications. By improving the quality and efficiency of public spending, it can enhance public services and infrastructure, ultimately benefiting citizens’ quality of life. Increased transparency and fair competition can foster trust between citizens and government, promoting a culture of accountability. Supporting SMEs in public procurement can stimulate economic growth and job creation. Furthermore, promoting sustainability and innovation through procurement practices can contribute to broader societal goals such as environmental protection and technological advancement.

This study provides a unique perspective on public procurement challenges and risk management in Greece within the EU context. By combining insights from experienced Greek professionals with a comprehensive literature review, it offers practical, context-specific guidance for risk mitigation in public procurement. The research contributes to the growing body of knowledge on public procurement reform in EU member states, particularly those facing similar challenges to Greece. Its findings and recommendations can inform policy-making, improve procurement practices and enhance the overall effectiveness of public spending in Greece and potentially other EU countries.

The purpose is to investigate how the coronavirus disease 2019 (COVID-19) pandemic changed relocation behavior in an advanced economy. We compare manufacturing relocations before and during the pandemic to identify differences and similarities over time and between offshoring and backshoring.

We use an exploratory longitudinal trend survey approach with data from two surveys, the first before the pandemic, 2010–2015, and the second during the pandemic, 2020–2022. Both rounds were targeted to the entire population of Swedish manufacturing plants with 50 or more employees. We captured the same set of data for offshoring and backshoring projects in both surveys.

The pandemic did not stop manufacturing relocations. The extent of offshoring decreased, but the extent of backshoring increased. Labor costs remained a key driver for offshoring, but a trade-off versus lead time, flexibility and risk were observed, suggesting a tension between labor cost and a strive for creating shorter supply chains for offshoring. Lead time, logistics costs, market proximity and risk formed a new backshoring construct, with an emphasis on short supply chains, and that increased significantly in importance. At the same time, the importance of quality decreased, creating a need to balance quality against the pursuit of short supply chains for backshoring. Thus, local supply chains seem to be a desired outcome for any manufacturing relocation, suggesting a move towards a multi-local supply chain setup for the global manufacturing footprint.

This is the first longitudinal survey study that captures offshoring as well as backshoring before and during the pandemic. The results offer unique insights into the COVID-19-induced impacts on manufacturing relocations as the same total population was sampled before and after the pandemic, and it provides empirical evidence that neither offshoring nor backshoring are “steady-state” concepts but changes over time.

This study examine how provider- and customer-related factors interact to influence servitization success. It adopts the transaction cost theory along with a configurational approach and hypothesizes that different configurations of five key conditions—service offering, specific investments, perceived customer opportunism, willingness for integration and demand uncertainty—can lead to servitization success or failure.

The study applies fuzzy-set Qualitative Comparative Analysis (fsQCA) to a sample of 143 German manufacturers, addressing the complex causalities involved in servitization success.

The analysis identifies six sufficient configurations for servitization success and five for servitization failure. The findings reveal that servitization can succeed through various types of service offerings. While opportunism does not hinder success, the decision to offer an extensive service portfolio is influenced by anticipated opportunism and complex customer needs. Specific investments function primarily as drivers for success, particularly when combined with a limited service offering and complex customer needs. However, these investments can increase transaction costs when linked to an extensive service portfolio. Though not essential, customer integration emerges as a relevant success factor, acting as a safeguard against opportunism.

Servitization can be successful even with opportunism. Developing methods to assess customers’ readiness for integration can mitigate opportunistic behavior and foster successful servitization.

This study advances servitization research by addressing the often-overlooked interplay between provider- and customer-related factors. Applying the transaction cost theory and a cutting-edge fsQCA, it contributes to the theoretical and methodological plurality of the field.

The aim of this paper is to evaluate empirically the impact of oil price fluctuations on the relationship between banking sector development and economic growth in oil-importing MENA countries.

The study used the newly developed panel autoregressive distributed lagged (ARDL) approach in order to address any potential endogeneity between research variables.

The empirical results show a unidirectional causality in the long run from oil price to both economic growth and banking sector development for oil-importing countries. Also, banking sector development not only leads directly to economic growth but also can play a moderator role in the oil price—economic growth nexus.

The study has two principal limitations. On the one hand, this study was conducted in a relatively limited sample of countries. On the other hand, the study did not consider others indicators for banking sector development and others macroeconomic variables.

The results found have imperative implications for banks' managers, regulators and researchers. Bank managers should be more concerned with the negative repercussions of oil price fluctuations on the development of their banks. The regulatory authorities must emphasize policies and strategies to further strengthen their banking sector in order to alleviate the negative influence of oil price shocks on economic growth. Researchers focused on finance-growth nexus must take into account the potential influence of oil price shocks.

The developed conceptual model allows examining to what extent the oil price fluctuations might affect the relationship between economic growth and banking sector development. This effect is neither evaluated nor clarified in the relevant literature.

This research aims to systematically review studies on significant risks for Critical Infrastructure Projects (CIPs) from selected top-tier academic journals from 2011 to 2023.

In this research, a three-step systematic literature review methodology was employed to analyse 55 selected articles on Critical Infrastructure Risks (CIRs) from well-regarded and relevant academic journals published from 2011 to 2023.

The findings highlight a growing research focus on CIRs from 2011 to 2023. A total of 128 risks were identified and grouped into ten distinct categories: construction, cultural, environmental, financial, legal, management, market, political, safety and technical risks. In addition, literature reviews combined with questionnaire surveys were more frequently used to identify CIRs than any other method. Moreover, oil and gas projects were the subjects most often explored in the reviewed papers. Furthermore, it was observed that publications from Iran, the USA and China dominated CIRs research, making significant contributions, accounting for 49.65% of the analysed articles.

This research specifically focuses on five types of CIPs (i.e. roadways, bridges, water supply systems, dams and oil and gas projects). Other CIPs like cyber-physical systems or electric power systems, were not considered in this research.

Governments and contracting firms can benefit from the findings of this study by understanding the significant risks associated with the execution of CIPs, irrespective of the nation, industry or type of project. The results of this investigation can offer construction professionals valuable insights to formulate and implement risk response plans in the early stages of a project.

As a novel literature review related to CIRs, it lays the groundwork for future research and deepens the understanding of the multi-faceted effects of these risks, as well as sets practical response strategies.

The continuing development of digital technologies creates expanding opportunities for information transparency. Consumers use social media to provide online reviews that are focused on changing levels of consumer trust. This study examines the effect of perceived risk that prompts consumers to search for online reviews in the context of food safety.

Commitment-trust theory forms the theoretical lens to model changes in consumer trust resulting from online reviews. Consumer-based questionnaire surveys collected data to test the structural model, using structural equation modelling (SEM).

The findings show when consumers perceive high levels of risk, they use social media to obtain additional product-related information. The objective, unanimous, evidential and noticeable online reviews are perceived as informative to consumers. Perceived informativeness of positive online reviews is found to increase consumers trust and, in turn, increase their purchase intentions.

The findings contribute to the knowledge of online review-based trust literature and provide far-reaching implications for information system (IS)-practitioners in business.

Drawing on conservation of resources theory, this study aims to examine how employees’ experiences of excessive workloads may direct them away from efforts to share knowledge with other organizational members, as well as the circumstances in which this process is more or less likely. To untangle the process, the authors predict a mediating role of job dissatisfaction and moderating roles of two complementary resources that help employees cope with failure: resilience as a personal resource and organizational forgiveness as an organizational resource.

Survey data were gathered from employees of an organization that operates in the construction retail sector. The Process macro provides an empirical test of the moderated mediation dynamic that underpins the proposed conceptual framework.

The statistical findings affirm that an important channel through which employees’ perceptions that their work demands are unreasonable escalate into a diminished propensity to share knowledge is their lack of enthusiasm about their jobs. Their ability to recover from challenging work situations and their beliefs that the organization does not hold grudges against people who commit mistakes both mitigate this harmful effect.

For organizational practitioners, this research shows that when employees feel frustrated about extreme work pressures, the resource-draining situation may escalate into diminished knowledge sharing, which might inadvertently undermine their ability to receive valuable feedback for dealing with the challenges. From a positive perspective, individual resilience and organizational forgiveness represent resources that can protect employees against this negative spiral.

This study explicates an unexplored harmful effect of strenuous workloads on knowledge sharing, which is explained by employees’ beliefs that their organization fails to provide satisfactory job experiences. This effect also is mitigated to the extent that employees can draw from valuable personal and organizational resources.

This study aims to examine the effects on student motivation and perception of technological interventions within undergraduate mechanical engineering and product design and manufacture programs at a Sino-foreign international university. The authors use an augmented reality game application within a class on Design for Manufacturing and Assembly (DfMA) that was developed using the approaches of microlearning and digital game-based learning (DGBL).

Structured as design-based research, the study reports on developing innovative educational interventions and provides an empirical investigation of their effectiveness. Data were collected using a mixed methods approach, using pre- and post-tests and questionnaires, together with researcher observations and participant interviews.

Through two rounds of playtests, the game positively affected intrinsic motivation and encouraged higher-order cognitive learning, critical thinking, communication and collaboration. Collaborative learning plays a significant role, DGBL is preferred over traditional methods and microlearning reduces information density and cognitive overload.

The study contributes to our understanding of digital game-based interventions on students’ intrinsic motivation and provides insights into effective ways to design instructional materials in similar teaching and learning settings.