Adel Abdi, Hans Lind and Björn Birgisson
For a long time, the winter maintenance of the Swedish road and railway network had been performed in-house by Swedish Transport Administration, Swedish local authorities i.e…
Abstract
Purpose
For a long time, the winter maintenance of the Swedish road and railway network had been performed in-house by Swedish Transport Administration, Swedish local authorities i.e. municipalities and Stockholm public transport. During the last 15 years the winter operation and maintenance of these state infrastructures have been performed by public procurement and contracting from independent contractors, where in practice the lowest price is the dominating selection criteria. The aim of this paper is to investigate and identify how these contracts are designed and how satisfied the parties are with the contract and the quality of the performed work during the winter and point our directions for improvement.
Design/methodology/approach
The study was conducted by a literature review and followed by semi-structured interviews and electronic questionnaire.
Findings
The results of the study which are based on the interviews and the online questionnaire show that there is widespread dissatisfaction with the contracts among both clients and contractors.
Practical implications
The article prepares a basis showing how a contract affects the quality of the performed winter road and railway maintenance services.
Originality/value
The findings lead to a number of suggestions about how to improve the contracts, e.g. having a separate winter maintenance contract to increase the quality of performed winter maintenance measures, a more partnering-like structure where consultations and adjustment can be made during the contract period. A partnering structure also makes it less important to get all the details right in the contract.
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Months of tensions between their respective parties have paralysed the region’s cabinet and also played into a crisis with Turkey. Talabani in late April sought to communicate…
Details
DOI: 10.1108/OXAN-DB278907
ISSN: 2633-304X
Keywords
Geographic
Topical
Mohamed Samy El-Deeb, Tariq H. Ismail and Alia Adel El Banna
This paper aims to examine the impact of environmental, social and governance (ESG) disclosure and firm value (FV), as well as, pinpoints the role of the audit quality (AQ) as a…
Abstract
Purpose
This paper aims to examine the impact of environmental, social and governance (ESG) disclosure and firm value (FV), as well as, pinpoints the role of the audit quality (AQ) as a moderating variable on such impact; where the authors hypothesize that AQ modulates the relationship between ESG disclosure and the FV.
Design/methodology/approach
Data of a sample of firms listed on the Egyptian Stock Exchange Market (EGX) were collected over the period of 2017–2021 and analyzed using the regression and 2SLS models.
Findings
The results suggested that: (1) the ESG has a significant positive impact on the FV in the EGX, and (2) AQ has a significant impact, as a moderating variable, on the relationship between ESG disclosure and FV.
Research limitations/implications
The findings would help the Egyptian market authorities in realizing the importance of integrating ESG information within the financial reports of the listed firms. The findings could also help in developing effective disclosure procedures to provide shareholders with useful information.
Originality/value
This paper contributes to the literature regarding the ESG disclosure components and the FV value by considering AQ in testing such relationship.
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Balaji C. Krishnan and Jagdish N. Sheth
This article attempts to synthesize the contributions of Jagdish Sheth to the discipline. This is done by following the development of the field in various subdisciplines such…
Abstract
This article attempts to synthesize the contributions of Jagdish Sheth to the discipline. This is done by following the development of the field in various subdisciplines such that one can observe the impact Sheth's thinking has had on the field. This is the career of an “accidental marketer” who started as a social scientist, got interested in buyer behavior, and made his mark in that field. Noticing similarities between organizational buyer behavior and individual buyer behavior, he ventured into that field too. As a visionary, he started developing theories in international marketing in the seventies, which was a popular area that time. Similarly, he published a handbook on Customer Relationship Marketing and worked in the area before it became a major area of emphasis. As a multifaceted person, he has contributed to the practitioners through books and consulting projects. However, this article focuses mainly on his academic contributions including his research, teaching/mentoring, and his philanthropic activities.
Jihad Mohammad and Farzana Quoquab
The purpose of this paper is to highlight the underlying values of Islamic work ethic (IWE) that distinguish it from other ethical perspectives such as Protestant work ethic…
Abstract
Purpose
The purpose of this paper is to highlight the underlying values of Islamic work ethic (IWE) that distinguish it from other ethical perspectives such as Protestant work ethic (PWE), Hindu work ethic (HWE) and/or Buddhist work ethic (BWE).
Design/methodology/approach
The present study utilized the critical review approach to answer the research questions. In this regard, guidance was sought from the Holy Quran and Sunnah to understand the Islamic ordainments pertaining to IWE. Moreover, articles related to different ethical systems are exhaustively reviewed.
Findings
Based on the literature review pertaining to the different ethical systems, this study highlights five specific distinguishing values and behavior: emphasis on halal and haram, emphasis on the purity of intention, seeking of employment, the nature of employer–employee relationship and dealing with sexual harassment.
Practical implications
Multinational and local organizations are strongly recommended to comprehend and grasp different ethical background of their employees to meet and satisfy their physical and spiritual needs. As a result, it may enhance and boost the effectiveness, efficiency and productivity of the organizations.
Originality/value
This study has its merits in term of identifying the distinguishing aspects of IWE from other ethical systems. There is a paucity of research that examines these differentiating values. Therefore, the research question “what are the underlying factors that differentiate IWE from PWE, HWE and/or BWE?” is still unanswered. The present research is an attempt to answer this question. The findings of this study will enable the researchers to come out with a comprehensive and complete definition of IWE construct. Moreover, it will be useful to refine the existing IWE scale by emphasizing the distinguishing aspects of the construct.
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Muhammad Arif, Christohper Gan and Muhammad Nadeem
Motivated by the enactment of non-financial reporting regulations by the European Parliament, this paper aims to investigate the impact of European Union (EU) directive 2014/95/EU…
Abstract
Purpose
Motivated by the enactment of non-financial reporting regulations by the European Parliament, this paper aims to investigate the impact of European Union (EU) directive 2014/95/EU on the quantity of environmental, social and governance (ESG) disclosures by the S&P Europe 350 index firms. This study also investigates whether the implementation of the non-financial information (NFI) reporting regulations influences the association between ESG disclosures and firms’ earnings risk.
Design/methodology/approach
To measure the impact of mandatory regulations on the quantity of ESG disclosures, this study estimates the average treatment effects using a propensity weighted sample. Then this study uses the difference-in-differences method to estimate the differences in the association between ESG disclosures and earning risk before and after implementation of the EU directive.
Findings
The results show a significant positive impact of the EU directive on the quantity of ESG disclosures for the sample European public-interest entities, which indicates that the mandatory NFI reporting requirements could boost the availability of increasingly demanded ESG related information. The enhanced association between the ESG disclosures and firms’ earnings risk during the post-directive period reveals that mandating NFI reporting also increases the quality of ESG disclosures.
Originality/value
Using the legitimacy and decision-usefulness theories, this study provides novel evidence concerning the impact of the EU directive on the quantity and quality of ESG disclosures.
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Omotayo Olaleye Feyisetan, Fadi Alkaraan and Chau Le
This paper aims to investigate the influence of environmental, social and governance (ESG) on mergers and acquisitions (M&A) decisions/activities and organisational performance in…
Abstract
Purpose
This paper aims to investigate the influence of environmental, social and governance (ESG) on mergers and acquisitions (M&A) decisions/activities and organisational performance in UK – financial and non-financial firms over the period (2012–2022).
Design/methodology/approach
The theoretical lenses underpinning this study are rooted in stakeholder theory and resource-based theory. The empirical analysis is based on a sample of financial and non-financial firms selected from FTSE ALL-listed companies over the period (2012–2022).
Findings
Findings of this study reveal that ESG score has a statistically significant impact on both financial and non-financial firms. An increase in firm ESG performance significantly increases the likelihood of M&A. The results reveal that the impact of ESG on firm financial performance is negative and significant, but this is not the case for non-financial firms where the impact despite being positive is insignificant.
Research limitations/implications
This research was conducted using data from firms within the UK context. Future research may adopt or adapt the research questions in different context and settings. Future studies may adopt a case study approach or survey-based questionnaires or employ various theoretical lenses.
Practical implications
Findings of this study have managerial and theoretical implications. Integrating ESG into operational and strategic organisational activities enhances attractiveness to potential bidders and contributes to sustainable financial performance because acquiring targets with high ESG performance can have a positive effect on the acquirer’s post-merger market value, thereby strongly confirming the use of ESG as a value-enhancing strategy to promote corporate external growth.
Originality/value
Our findings add to the extant literature, a recent empirical evidence that, to the best of our knowledge, our this study is among the first to examine the influence of ESG on M&A and firm performance through comparison between the financial and non-financial sectors.
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Rashmi Ranjan Panigrahi, Avinash K. Shrivastava and Sai Sudhakar Nudurupati
Effective inventory management is crucial for SMEs due to limited resources and higher risks like cash flow, storage space, and stockouts. Hence, the aim is to explore how…
Abstract
Purpose
Effective inventory management is crucial for SMEs due to limited resources and higher risks like cash flow, storage space, and stockouts. Hence, the aim is to explore how technology and know-how can be integrated with inventory practices and impact operational performance.
Design/methodology/approach
The basis of the analysis was collecting papers from a wide range of databases, which included Scopus, Web of Science, and Google Scholar. In the first phase of the process, a search string with as many as nine related keywords was used to obtain 175 papers. It further filtered them based on their titles and abstracts to retain 95 papers that were included for thorough analysis.
Findings
The study introduced innovative methods of measuring inventory practices by exploring the impact of know-how. It is the first of its kind to identify and demonstrate how technical, technological, and behavioral know-how can influence inventory management practices and ultimately impact the performance of emerging SMEs. This study stands out for its comprehensive approach, which covers traditional and modern inventory management technologies in a single study.
Research limitations/implications
The study provides valuable insights into the interplay between technical, technological, and behavioral know-how in inventory management practices and their effects on the performance of emerging SMEs in Industry 5.0 in the light of RBV theory.
Originality/value
The RBV theory and the Industry 5.0 paradigm are used in this study to explore how developing SMEs' inventory management practices influence their performance. This study investigates the effects of traditional and modern inventory management systems on business performance. Incorporating RBV theory with the Industry 5.0 framework investigates firm-specific resources and technological advances in the current industrial revolution. This unique technique advances the literature on inventory management and has industry implications.
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The purpose of this paper is to evaluate the efficiency of Algerian banks and examine the effects of explanatory factors on their performance.
Abstract
Purpose
The purpose of this paper is to evaluate the efficiency of Algerian banks and examine the effects of explanatory factors on their performance.
Design/methodology/approach
In this paper, a methodology of two-stage network data envelopment analysis (DEA) is used to explore the efficiency of a sample of 13 Algerian banks during the 2013–2017 period. In the first stage, the network DEA is used to assess the overall and stages efficiencies. In the second stage, the partial least squares (PLS) regression is conducted to determine the potential effects of explanatory factors on stages efficiency.
Findings
The main empirical results indicate that Algerian banks need an efficiency improvement in both stages. The overall efficiency of the Algerian banking system improves over the study period. The deposit producing efficiency is positively affected by bank size and bank age. The revenue earning efficiency is negatively associated with bank size and bank age. The domestic banks are more efficient than foreign banks in the deposit producing stage and the foreign banks are more efficient than domestic banks in the revenue earning stage.
Practical implications
The results might be used as guidelines for both managers and policymakers in order to improve banks and banking system performance.
Originality/value
To the best of our knowledge, this study is the first that uses the DEA in investigating the efficiency of Algerian banks by dividing the overall efficiency into deposit producing and revenue earning efficiencies. Unlike most studies that have usually used OLS regression, Tobit regression and bootstrapped truncated regression, this study is the first in the bank efficiency literature that uses PLS regression to investigate the potential effect of explanatory variables on deposit producing and revenue earning efficiencies.
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This study explores the key embrace factors for designing supply chains in Industry 4.0 to improve sustainability practices with respect to the triple bottom line.
Abstract
Purpose
This study explores the key embrace factors for designing supply chains in Industry 4.0 to improve sustainability practices with respect to the triple bottom line.
Design/methodology/approach
The theoretical underpinnings of this study were strengthened by a qualitative method that included an interview process within the framework of a holistic case study. Data collected through 38 remote interviews with representatives of 17 Egyptian companies that are actively using Industry 4.0.
Findings
The thematic analysis identified 6 main categories in addition to 32 economic, environmental, and social key embrace factors. Further, an integrated model was established to show how various key embrace factors can be included in the evaluation of the Supply chain. 64.7% of interviewees affirmed that these factors were deemed to be the most important and influential key factors.
Practical implications
The global contribution is mainly to facilitate additional eco-friendly initiatives to gain a competitive advantage through environmentally responsible practices, which reflects the strengthening of the sustainable supply chain with the involvement of all the interested parties.
Social implications
This study expands on previous research papers to underline 20 new global key embrace factors, including 9 social, 7 economic, and 4 environmental key embrace factors.
Originality/value
The Key embrace factors discovered and addressed in this paper provide a unique theoretical guideline to plan and popularize this integration process. The integrated approach assists in the review of existing supply chains or the creation of new ones.