S.A. Aduloju, A.O. Odugbesan and S.A. Oke
Characterized by declining goodwill and exemplified sharp drop in gross premium, the Nigerian insurance industry, in recent times, has experienced turbulent economic challenges…
Abstract
Purpose
Characterized by declining goodwill and exemplified sharp drop in gross premium, the Nigerian insurance industry, in recent times, has experienced turbulent economic challenges that necessitated re‐engineering of its core activities. However, advertising and sales are core activities, which are important predictors of stability and growth in the insurance industry. Consequently, the purpose of this paper is to examine the impact of advertising on sales of insurance products.
Design/methodology/approach
An empirical investigation is carried out using a survey that utilizes questionnaires, interviews, and field observation as major research instruments. A total of 71 insurance companies in Nigeria, which represent the total operating insurance companies in Nigeria at the time of study, were surveyed. With 100 scientifically selected subjects sampled, descriptive analysis was employed to understand the relationship and the strength of such relationships.
Findings
It was found that advertising had effects on sales volume and improved public image. However, the choice of advertising medium, the message, and the format are critical ingredients of a successful advertising program in the insurance industry.
Research limitations/implications
The insurance industry in Nigeria was studied from a holistic viewpoint due to the need to present reliable and detailed information for decision makers. However, limitation in achieving this relates to the reluctance of respondents to release information for the study.
Practical implications
The implication of this research is that proper control of advertisement budget vis‐à‐vis the expected sales volume could be made. Thus, organizations could spend budgets more effectively on growth enhancing projects instead of excessive wastage of funds on advertisement.
Originality/value
This paper seems to be the first original work that concerns the impact of advertising on sales in the Nigerian insurance industry. As such, it bridges a gap that is opened for investigations. It may be of great value to decision making seeking for control tools.
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The increasing number of ethical scandals reported in many public organizations all over the world, highlighted the need for more in-depth studies on the influence of ethical…
Abstract
Purpose
The increasing number of ethical scandals reported in many public organizations all over the world, highlighted the need for more in-depth studies on the influence of ethical leadership and management practices in the public sector organizations. This study examines the link (direct and indirect) between ethical leadership, HRM practices, ethical climate and organizational citizenship behaviors (OCBs) within the context of Nigerian local governments.
Design/methodology/approach
A cross-sectional design was adopted and data for the study was collected quantitatively by administering questionnaires to supervisors/leaders and their respective employees/subordinates. A total of 270 participants comprising 135 leaders/supervisors who are head of departments and another 135 employee/subordinates participated in the study. Partial Least Square Structural Equation Modeling (PLS-SEM) was used in testing the hypotheses.
Findings
The findings show that ethical leadership, HRM practices and ethical climate significantly affect OCBs. Also, the study shows that ethical climate mediated both the relationships between ethical leadership and OCBs, and HRM practices and OCBs respectively. Thus, the study concluded that both ethical leadership and HRM practices can influence OCBs directly and also indirectly through ethical climate.
Practical implications
The study empirically delineates the importance of ethical leadership, HRM practices and ethical climate in promoting more OCBs within the context of Nigerian local governments. Therefore, managers/administrators should encourage ethical leadership style, and implement good HRM practices and promote ethical climate within their organization so as to boost their employees' OCBs.
Originality/value
The findings of this study will contribute to the understanding of the relationships between ethical leadership, HRM practices, ethical climate and OCBs in the public sector organizations within Nigeria. The findings will also provide additional support that ethical climate is an important mechanism on the relationship between ethical leadership and HRM practices on OCBs.
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Jamiu Adetola Odugbesan, Sahar Aghazadeh, Rawan Enad Al Qaralleh and Olukunle Samuel Sogeke
This study aims to investigate the significance of an emerging concept – green talent management (TM) and its influence on employees’ innovative work behavior, together with the…
Abstract
Purpose
This study aims to investigate the significance of an emerging concept – green talent management (TM) and its influence on employees’ innovative work behavior, together with the moderating roles of transformational leadership and artificial intelligence within the context of higher educational institutions.
Design/methodology/approach
Two hundred and thirty-five structured questionnaires were administered to the academic staff in five universities located in Northern Cyprus, and the data was analyzed using partial least square structural equation modeling with the aid of WarpPLS (7.0).
Findings
This study provides evidences that green hard and soft TM exerts significant influence on employees’ innovative work behavior. Similarly, transformational leadership and artificial intelligence were confirmed to have a significant impact on employees’ innovative work behavior. Moreover, the study found transformational leadership and artificial intelligence to significantly moderate the relationship between green hard TM and employees’ innovative work behavior.
Research limitations/implications
The study provides theoretical and managerial implications of findings that will assist the leaders in higher educational institutions in harnessing the potential of green TM in driving their employees’ innovative work behavior toward the achievement of sustainable competitive advantage in the market where they operate.
Originality/value
The attention of researchers in the recent time has been on the way to address the challenge facing organizational leaders on how to develop and retain employee that will contribute to the sustainability of their organization toward the achievement of sustainable competitive advantage in the market they operate. Meanwhile, the studies exploring these concerns are limited. In view of this, this study investigates the significance of an emerging concept – green talent management and its influence on employees’ innovative work behavior, together with the moderating roles of transformational leadership and artificial intelligence within the context of higher educational institutions.
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Malihe Ashena and Ghazal Shahpari
The significance of this research lies in providing an understanding of how economic conditions, including financial development, informal economic activities and economic…
Abstract
Purpose
The significance of this research lies in providing an understanding of how economic conditions, including financial development, informal economic activities and economic uncertainty, influence carbon emissions and tries to offer valuable insights for policymakers to promote sustainable development.
Design/methodology/approach
The Panel-ARDL method is employed for a group of 30 developing countries from 1990 to 2018. This study analyzes the data obtained from the World bank, International Monetary Fund and World Uncertainty databases.
Findings
Based on the empirical results of the extended model, an increase in GDP and energy intensity is associated with an 83 and 14% increase in carbon emissions, respectively. Conversely, a 1% increase in financial development and economic uncertainty is linked to significant decrease in carbon emissions (about 47 and 23%, respectively). Finally, an increase in the informal economy can lead to a negligible yet significant decrease in carbon emissions. These results reveal that financial development plays an effective role in reducing CO2 emissions. Moreover, while economic uncertainty and informal economy are among unfavorable economic conditions, they contribute in CO2 reduction.
Practical implications
Therefore, fostering financial development and addressing economic uncertainty are crucial for mitigating carbon emissions, while the impact of informal economy on emissions, though present, is relatively negligible. Accordingly, policies to control uncertainty and reduce the informal economy should be accompanied by environmental policies to avoid increase in emissions.
Originality/value
The originality of this paper lies in its focus on fundamental changes in the economic environment such as financial development, economic uncertainty, and informal activities as determinants of carbon emissions. This perspective opens up new avenues for understanding the intricate relationship between carbon emissions and economic factors, offering unique insights previously unexplored in the literature.
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Cleopatra Oluseye Ibukun and Wuraola Mahrufat Omisore
This paper examines the long-run and dynamic causal relationship among air pollution, health expenditure and economic growth in Mexico, Indonesia, Nigeria and Turkey (MINT…
Abstract
Purpose
This paper examines the long-run and dynamic causal relationship among air pollution, health expenditure and economic growth in Mexico, Indonesia, Nigeria and Turkey (MINT countries).
Design/methodology/approach
The bounds test approach to cointegration and causality test was employed on data covering 1995–2018.
Findings
The study shows evidence of a long-run relationship among the variables in MINT countries and the causality test confirms the existence of a bidirectional causal nexus between health expenditure and economic growth in the four countries. It also confirms that there is a bidirectional causal relationship between carbon dioxide (CO2) emission and economic growth, except in Nigeria where a unidirectional causal relationship was found running from CO2 emissions to economic growth. In addition, a bidirectional causal relationship was found between air pollution and health expenditure in Turkey, while no causal relationship was found among these variables in Nigeria.
Research limitations/implications
This study is limited by available data and it only focuses on four emerging economies. To address this, future studies can expand this scope to more emerging economies with severe air pollution and also extend the scope when more recent data becomes available.
Practical implications
This study suggests that pollution standards in MINT countries should be monitored and enforced with transparency so as to mitigate its health implications and ensure the sustainability of economic growth.
Social implications
The study confirms the importance of keeping air pollution as low as possible because of its negative effect on health and economic output.
Originality/value
The study accounts for the complexity of each MINT country instead of providing a general discussion on the relationship between air pollution, health expenditure and economic growth in MINT countries.
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Boris Eisenbart, Dan Lovallo, Massimo Garbuio, Matteo Cristofaro and Andy Dong
Does future thinking enhance managers’ innovative behavior? This study aims to posit that the ability to project events while considering current/future variables and their…
Abstract
Purpose
Does future thinking enhance managers’ innovative behavior? This study aims to posit that the ability to project events while considering current/future variables and their development (i.e. future thinking) – inextricably linked with the knowledge creation process – may enhance the manager’s accuracy and the number of potentially successful innovative ideas for organizations.
Design/methodology/approach
The authors use a between-group experiment to examine the innovation choices of 47 subjects with experience in evaluating the market potential of new products when asked to support or otherwise reject real-life innovation-related ideas. The authors test the accuracy of decisions made by participants primed to apply future thinking, practically implemented through abductive reasoning, in their decision-making.
Findings
The authors found a significant change in managers’ innovative choices, with participants primed for future thinking making significantly more accurate decisions than the control group. Those participants both correctly chose innovation-related ideas with significant future potential and rejected ideas with limited potential that ultimately failed.
Originality/value
This study explores how future thinking enhances managers’ innovative behavior in organizations. It provides empirical evidence on how future thinking, practiced through abductive reasoning, can work to foster innovative behavior, which is an antecedent of knowledge creation. Organizations that foster future thinking concurrently create knowledge, increasing their competitive advantage in the long run.
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Ismail Olaleke Fasanya and Oghenefejiro Arek-Bawa
Given the interest in sustainable development, this study aims to assess the relationship between CO2 and urbanization as well as the role of world uncertainty in this association…
Abstract
Purpose
Given the interest in sustainable development, this study aims to assess the relationship between CO2 and urbanization as well as the role of world uncertainty in this association in a South African context.
Design/methodology/approach
This study focuses on yearly data from 1968 to 2020. To do this, the authors use the autoregressive distributed lag (ARDL) approach.
Findings
The authors find that urbanization’s effect on CO2 emissions is only significant when it is augmented with world uncertainty. Moreover, this effect is negative (referring to a reduction in CO2 emissions). Meanwhile, the authors find that GDP has a positive (that is, increasing) and significant effect on CO2 emissions. Overall, policymakers should focus on decoupling economic growth from traditional fossil fuels that produce greenhouse gas emissions.
Originality/value
The existing body of research contains numerous studies examining the relationship between urbanization and CO2 emissions. However, the dearth of research on the impact of global uncertainty on this connection is weak. Hence, this study aims to fill this gap and make a significant contribution to the field.
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Yot Amornkitvikai, Charles Harvie and Rukchanok Karcharnubarn
This study investigates the impact of demographic structural changes on economic growth using data for Asian economies covering the period 1960–2020. Other factors affecting…
Abstract
Purpose
This study investigates the impact of demographic structural changes on economic growth using data for Asian economies covering the period 1960–2020. Other factors affecting economic growth, such as human capital, are also considered.
Design/methodology/approach
A fixed-effects model and a fixed-effects model with endogenous covariates are used to examine a dynamic demographic model covering different age cohorts (i.e. youth-age, working-age and old-age populations) and other factors impacting economic growth.
Findings
The working-age population share, the labour force relative to the working-age population and growth of the actively employed population have significant and positive impacts on economic growth. Population growth and the youth-age population share exert a significant and negative impact on economic growth. A second and silver demographic dividend is found arising from a significant and positive association between the old-age population and economic growth. Human capital has an inverted U-shaped association with economic growth. Environmental degradation is significantly and negatively related to economic growth. No evidence is found for the importance of migration.
Practical implications
The positive association between the old-age population and economic growth indicates the policy significance of retirement-income systems with high coverage to enhance economic growth in Asia. Lifelong learning and preventative health measures can also be supportive policies to strengthen the third (silver) demographic dividend via the extension of retirement for productive and healthy elders.
Originality/value
This study is the first to examine the impacts of demographic structure, human capital, migration and environmental degradation on economic growth in Asia, using the most up-to-date longitudinal data from 1960 to 2020. Unlike previous empirical studies, this study discovers empirically based evidence to support Asia's second and silver demographic dividends.
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Molem C. Sama, Saidou Baba Oumar and Nembo Leslie Ndam
Despite the increase in public spending by Sub-Saharan African (SSA) Governments in a bid to foster the growth of human capital and sustainable development, they continue to…
Abstract
Purpose
Despite the increase in public spending by Sub-Saharan African (SSA) Governments in a bid to foster the growth of human capital and sustainable development, they continue to experience a very slow rate of progress. This study aims to investigate the impacts of public spending on sustainable economic development in SSA.
Design/methodology/approach
The study adopts the system generalized method of moments to account for cross-sectional dependence and endogeneity for 38 SSA countries from 1996 to 2019.
Findings
The findings indicate that public spending inhibits sustainable economic development while human capital enhances sustainable economic development in SSA. Furthermore, the study equally reveals that the development-inhibiting role of public spending is modulated through human capital and governance quality. Public spending interacts with human capital and governance quality to produce negative net effects and positive synergy effects, respectively.
Originality/value
Based on these findings, the study suggests that governments in SSA countries should discourage heavy dependence on public spending. Policies that provide a framework for financial incentives in the domain of health and education should be encouraged to increase investment in human capital.
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Abdallah Abdul-Mumuni, Kwaku Amakye, Abdul-Lateef Abukari and Michael Insaidoo
While several existing panel studies have focused on the linear specifications of the nexus between trade openness and unemployment, nonlinear panel studies on this subject remain…
Abstract
Purpose
While several existing panel studies have focused on the linear specifications of the nexus between trade openness and unemployment, nonlinear panel studies on this subject remain less explored. This paper examines the asymmetric nexus between trade openness and unemployment in 34 selected sub-Saharan Africa (SSA) countries for the period spanning from 1991 to 2020.
Design/methodology/approach
The Pedroni and Westerlund panel cointegration tests were conducted to ascertain a long run relationship among the studied variables, while the panel nonlinear autoregressive distributed lag approach was applied to account for asymmetries.
Findings
The study revealed among other things that trade openness asymmetrically influences unemployment in the selected panel of SSA countries. In the long run, the positive shock in trade openness on unemployment is greater as compared to the negative shock.
Research limitations/implications
The implications of this study include the need to (1) ensure the effective monitoring and supervision of trade flows in the sub-region so that their full benefits are maximized in terms of job creation and (2) ensure that a positive trade balance is maintained in the selected SSA countries.
Originality/value
The positive and negative shocks in trade openness are examined to determine their asymmetric effects on unemployment.