Alexandre Anatolievich Bachkirov, Mohammad Rezaur Razzak and Ramo Palalić
This study aims to investigate the dual impact of anger on decision-making, addressing the gap in understanding its paradoxical nature in entrepreneurial contexts.
Abstract
Purpose
This study aims to investigate the dual impact of anger on decision-making, addressing the gap in understanding its paradoxical nature in entrepreneurial contexts.
Design/methodology/approach
Using an integrative approach, this study synthesises insights from the appraisal theory of emotion, affect infusion model, emotional intelligence framework, broaden-and-build theory and resource-based view to provide a comprehensive review and analysis of entrepreneurial anger and its psychological foundations.
Findings
Anger exhibits a paradoxical duality influencing entrepreneurial decision-making and behaviour. This duality manifests across several dimensions. Cognitively, it can sharpen focus or lead to fixation; emotionally, it may energise or overwhelm; motivationally, it can spur action or provoke recklessness; volitionally, it may enhance determination or induce impulsivity; and behaviourally, it can lead to strategic assertiveness or reactive aggression.
Research limitations/implications
Although this theoretical examination reveals the paradoxical nature of entrepreneurial anger, future empirical studies are needed to explore its temporal evolution, cross-cultural variances and interactions with other emotional states. This research should help validate the proposed dimensions and implications of entrepreneurial anger in real-world settings.
Practical implications
Understanding the paradoxical nature of entrepreneurial anger is vital for entrepreneurs. recognising its dual properties allows them to mitigate the anger’s negative consequences while leveraging its potential as a strategic asset. To transform anger into a strategic asset, entrepreneurs need to augment their self-awareness, hone emotion regulation skills and cultivate deliberation-based decision-making approaches. At an organisational level, entrepreneurs should foster a culture where emotions are openly acknowledged and addressed, as well as constructively managed. This can help turn anger into an entrepreneurial performance driver.
Social implications
By promoting a deeper understanding of entrepreneurial anger, this research can foster healthier entrepreneurial ecosystems where emotions are acknowledged, understood and managed effectively, leading to more sustainable and harmonious entrepreneurial ventures.
Originality/value
This work offers a holistic conceptual analysis of entrepreneurial anger elucidating its paradoxical properties and implications.
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Maria Cristina Longo, Calogero Guccio and Marco Ferdinando Martorana
This paper aims to assess whether incubation affects the technical efficiency of innovative firms after entering the market. The study of efficiency allows firms to understand how…
Abstract
Purpose
This paper aims to assess whether incubation affects the technical efficiency of innovative firms after entering the market. The study of efficiency allows firms to understand how well resources have been used in production processes. The research intends to contribute to the literature on the performance of incubated firms.
Design/methodology/approach
This study estimates the relative efficiency of innovative firms adopting a DEA-based two-stage semi-parametric method. Incubation, firm age and initial capital are used for explaining the relative performance of previously incubated firms compared to non-incubated ones over a six-year period of activity. This research focuses on Italian innovative firms using a large sample of companies.
Findings
Results show that incubators have a positive and significant effect on efficiency for firms that have been in the market for more than two years. Efficiency also improves with age and with the level of initial capital of the firm.
Research limitations/implications
This analysis is limited to the quantitative dimension of inputs as reported in the balance sheets, without qualitative considerations.
Practical implications
Findings enhance firms' understanding of the role of incubators as neutral places to develop a business culture of efficiency. From an empirical standpoint, this study provides useful insights to start-uppers who intend to attend incubation programs. Overall, incubators matter to the extent that they enable new firms, net of those that fail to survive in the first two years of activity, to improve their efficiency in the use of inputs. This research also suggests incubators consider the start-ups’ potential of being efficient.
Social implications
Findings provide tips to policymakers when they are called upon to propose funding programs to support prominent firms entering the business scalability.
Originality/value
This study contributes to the literature on the relative performance of post-incubated firms, highlighting the efficiency frontier analysis. This methodological approach is relatively new in this field. It allows researchers to study the innovative firms' performance in relative terms, that is with respect to the input level. It integrates the performance-based with efficiency frontier analysis. Also, this study reinforces the idea that incubators prepare start-ups to develop capacities and managerial skills, which will be useful in post-incubation life to improve their cost competitiveness.
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Vishwajit Kumar and Gajendra Kumar Adil
Warehouses, essential nodes in the supply chain, significantly contribute to sustainability issues, accounting for about 11% of emissions related to logistics activities. The…
Abstract
Purpose
Warehouses, essential nodes in the supply chain, significantly contribute to sustainability issues, accounting for about 11% of emissions related to logistics activities. The purpose of this study is to review articles on sustainable warehouse management (SWM) from the Scopus database to analyze trends, synthesize existing knowledge, and identify research gaps for future studies.
Design/methodology/approach
The review uses text mining of initial relevant documents to create a search string for paper retrieval. Text mining is further used to generate a dendrogram of the most frequently used words in the research papers, which is then analyzed to identify themes and sub-themes in SWM.
Findings
The dendrogram reveals four major themes and their sub-themes within SWM, including two novel themes: sustainable warehouse in green logistics and sustainable warehouse location. In addition, 12 research recommendations are identified through content analysis and are subsequently linked to specific Sustainable Development Goals (SDGs).
Research limitations/implications
The methodological innovation in keyword selection for searching relevant papers and identifying themes serves as a structured template for researchers to explore further.
Practical implications
The research recommendations, aligned with the SDGs, aim to assist managers in making informed decisions and operational strategies to enhance factors associated with the Building Research Establishment Environmental Assessment Method and the sustainable performance of warehouses.
Originality/value
This study is novel in its application of text-mining techniques to generate a search string for identifying relevant papers and discerning themes by analyzing the dendrogram.
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Olfa Belhassine and Montassar Riahi
This study aims to evaluate the safe haven property of several assets against the US and European stock markets during the Russo-Ukrainian War in a time–frequency framework.
Abstract
Purpose
This study aims to evaluate the safe haven property of several assets against the US and European stock markets during the Russo-Ukrainian War in a time–frequency framework.
Design/methodology/approach
This study uses the wavelet-based dynamic conditional correlation-generalized autoregressive conditional heteroskedasticity (DCC-GARCH) methodology and wavelet coherence on daily returns for the S&P500, STOXX600 and 13 possible save haven assets.
Findings
The results show that wheat and corn are the best assets to use as hedges and safe havens for all types of investors. The second-ranked are energy commodities, which are hedges and safe havens for long-term investors. Gold, silver and palladium display hedging and safe haven qualities for medium- and long-term investment. However, cryptocurrencies, the Dow Jones sustainability index and Islamic indices do not act as safe havens for most holding periods.
Practical implications
These findings have significant implications for portfolio investment strategies in times of geopolitical risks.
Originality/value
The contributions of this study are twofold. First, several assets from different classes were analyzed as possible candidates for safe havens. Second, to the best of the authors’ knowledge, this is the first study to analyze safe haven property through different investment horizons for the US and the European stock market indices during the Russo-Ukrainian War.
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Nicola Patterson and Sharon Mavin
Through a feminist lens, the study explores women’s experiences of entrepreneurial leadership in the UK and how the women manage competing and contrary patriarchal and…
Abstract
Purpose
Through a feminist lens, the study explores women’s experiences of entrepreneurial leadership in the UK and how the women manage competing and contrary patriarchal and individualism discourses and associated discursive paradox.
Design/methodology/approach
This study follows social constructionism and Feminist Standpoint Research approach, providing space for women to voice and contextualise lived experiences from multiple standpoints. The study comprises five cases of women entrepreneurs in IT, law, construction, beauty and childcare, using a two-stage semi-structured interview process analysed through discourse analysis.
Findings
This study provides new insights into the entrenched patriarchal socio-cultural context for women entrepreneurial leaders in the UK. The competing discourses provoke a discursive paradox, which dominates and oppresses women. This is managed through a process of discursive blending, blurring and merging contrary discursive expectations. The women use the individualism discourse to obscure patriarchy’s domination and as a resource to resist patriarchal gender power relations. To blend the discourses, the women use particular tactics: engaging in patriarchal bargains, such as “dressing not to impress”; can sidestep and manoeuvre these bargains and can utilise “patriarchal advantages”, turning gender oppression into benefits by “working it positively”.
Originality/value
This study addresses the lack of research interrogating patriarchy in the Global North and the absence of understandings of how women entrepreneurial leaders manage the competing and contrary discourses of patriarchy and individualism, which actively shape their experiences. The study illuminates the significance and increasing requirement for feminism to disrupt the ever-increasing power of patriarchy in entrepreneurship.
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This research assesses the present condition of Circular Economy (CE) practices in green hotels situated in two leading Middle Eastern nations, Saudi Arabia and Egypt…
Abstract
Purpose
This research assesses the present condition of Circular Economy (CE) practices in green hotels situated in two leading Middle Eastern nations, Saudi Arabia and Egypt. Furthermore, it investigates the crucial impact of Industry 4.0 innovations in facilitating the relationship between the adoption of CE initiatives and hotel performance (HP).
Design/methodology/approach
Data from 59 green hotels in Saudi Arabia and 76 in Egypt were collected online, resulting in 400 complete forms, providing a diverse sample size suitable for PLS-SEM analysis using JASP software as a leading machine learning application.
Findings
The results demonstrate a notable correlation between CE strategies, including redesign, production, reuse and recovery in hotels and HP. Additionally, the impact of Industry 4.0 performance on the relationship between CE and HP is facilitated by four distinct CE loops.
Practical implications
This study offers practical insights into implementing CE practices in the hotel industry, aiding policymakers and establishments in enhancing sustainability and performance. Key stakeholders can use these findings to develop strategies that integrate CE initiatives, improve operational outcomes and align marketing efforts with sustainable practices.
Originality/value
This study is groundbreaking in its exploration of the relationship between CE and the transition to Industry 4.0 in the MENA region, analyzing the specific CE practices that contribute to high HP. The tested model expands on the Natural Resource-Based View and stakeholder theory by incorporating the critical role of Industry 4.0 innovations in the CE–HP nexus.
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The BRICS countries’ energy transition deserves attention not only for the domestic characteristics of these economies but also for their positioning on the current geopolitical…
Abstract
The BRICS countries’ energy transition deserves attention not only for the domestic characteristics of these economies but also for their positioning on the current geopolitical context, marked by global challenges and conflicts. In this sense, it is essential to understand the role of the New Development Bank (NDB) in financing the transition. Since its foundation, the bank has been characterized by its focus on sustainable development. The first operations to each member carried out in 2016 were directed to clean energy sector. In addition, the institution strategy for 2017–2021 highlighted clean energy as one of the core areas for the NDB, and a new guideline for 2022–2026 shows a target of directing 40% of total approvals to projects that contribute to climate change mitigation and adaptation, including energy transition. Thus, the research aims to assess how the NDB contributes to the energy transition process in the BRICS countries toward a low-carbon economy, based on the projects financed and through institutional strategies analysis. From this, it is possible to assume that the NDB contributes to the BRICS transition process to a low-carbon economy, but with differences between countries. On the one hand, the NDB favors more the transition in the energy sector in China, South Africa, and Brazil; on the other hand, the institution collaborates more with the decarbonization process in India, China, and Russia. Despite this, there are still limitations and challenges that hinder the NDB from becoming one of the main sources of incentives for its member countries to reach the climate targets.
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Oswald Jones, Fernando Lourenço, Dilani Jayawarna and Ranis Cheng
The study examines how the micro, meso and macro-levels influence learning (forward-facing and backward-facing) and opportunity identification among young entrepreneurs in the UK…
Abstract
Purpose
The study examines how the micro, meso and macro-levels influence learning (forward-facing and backward-facing) and opportunity identification among young entrepreneurs in the UK and China starting green and conventional businesses.
Design/methodology/approach
The study is based on 20 young (18–30) entrepreneurs in the UK and China. Thematic and content analysis identified and categorised various themes. The data were then analysed using ORIGIN GraphPad software to identify statistical differences and their significance levels.
Findings
General influences on starting a business were relatively evenly spread across the micro (individual), meso (family and social networks) and macro levels (institutional) for the two groups; the only exception was the higher micro-level influences for the green entrepreneurs. The barriers to startups were concentrated at the meso and macro levels, but there were significant differences between the green and conventional startups.
Practical implications
A noteworthy finding was the dominance of experiential over cognitive learning among entrepreneurs, including those starting green businesses. Considering the importance of young people establishing environmentally friendly companies, this lack of focus on forward-looking cognitive learning represents a significant educational gap. Greater emphasis should be placed on encouraging green entrepreneurs to devote more attention to the forward-facing, cognitive dimensions of learning.
Originality/value
The findings demonstrate the importance of considering the interplay between micro, meso and macro levels on both forward-facing cognitive and backward-facing experiential learning in entrepreneurship. The multilevel impacts provide a more nuanced understanding of the influences shaping entrepreneurial learning and opportunity identification among young entrepreneurs starting businesses with different sustainability orientations.
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Rattaphon Wuthisatian and Namporn Thanetsunthorn
This study empirically examines calendar anomalies, with a specific focus on the day-of-the-week (DOW) effect within the context of socially responsible investing (SRI).
Abstract
Purpose
This study empirically examines calendar anomalies, with a specific focus on the day-of-the-week (DOW) effect within the context of socially responsible investing (SRI).
Design/methodology/approach
This study analyzes daily returns from the Dow Jones Sustainability Index (DJSI) Asia Pacific for the past five years (2019–2024). The DJSI is widely regarded as a leading benchmark for corporate sustainability and aligns closely with SRI principles. To explore the DOW effect, the study employs various types of regression analysis to identify patterns of significantly abnormal returns on specific trading days of the week.
Findings
Through various estimation methods, there is robust evidence of the DOW effect within the DJSI Asia Pacific. Specifically, Tuesday returns are consistently positive and significantly higher than returns on other trading days of the week.
Practical implications
The findings carry managerial implications for SRI-oriented investors aiming to formulate trading strategies that enhance the likelihood of achieving investment goals within the DJSI Asia Pacific. Furthermore, the findings reveal potential market inefficiencies associated with sustainable investment, which warrant further policy consideration.
Originality/value
This is the first study to examine the presence of the DOW effect in stock returns specifically within the SRI context. Furthermore, by analyzing data from the recent five years (2019–2024), this study offers contemporary insights into the patterns of daily returns within the DJSI Asia Pacific.
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This study aims to examine the effects of economic uncertainty on Shariah stock returns (SR) in Asia-Pacific Economic Cooperation countries. This study also compares the impacts…
Abstract
Purpose
This study aims to examine the effects of economic uncertainty on Shariah stock returns (SR) in Asia-Pacific Economic Cooperation countries. This study also compares the impacts of uncertainty on Shariah and conventional stocks.
Design/methodology/approach
A panel vector autoregressive model was used to capture the dynamic relationships between variables. Granger tests, impulse response functions and forecast error variance decomposition are applied to obtain a comprehensive interpretation.
Findings
The empirical results indicated that temporary economic uncertainty has a significant adverse impact on Shariah SR. The stability was also observed over time. This study also revealed that Shariah stocks were affected by economic uncertainty, although they were designed to mitigate such effects. In addition, Shariah stocks show lower sensitivity to uncertainty. However, their recovery was slower than that of conventional stocks.
Practical implications
Short-term investors are advised to diversify their portfolios. In the long term, the stability of Shariah SR enables investors to pursue their financial goals. Policymakers are encouraged to improve investor confidence and develop policies to accelerate the recovery of the Sharia stock prices.
Originality/value
This study proves the existence of uncertainty in the Shariah stock market and explores the comparative impact of uncertainty on Shariah and conventional stocks. Furthermore, by incorporating uncertainty as a variable, this study contributes to expanding the efficient market hypothesis, offering a deeper understanding of market behaviour under uncertain conditions.