The paper seeks to highlight the key value changes in the current economy, which is shifting towards intangible assets such as innovativeness, cognitive intelligence, emotional…
Abstract
Purpose
The paper seeks to highlight the key value changes in the current economy, which is shifting towards intangible assets such as innovativeness, cognitive intelligence, emotional intelligence, social capital, and also a shift from individual to team working.
Design/methodology/approach
The paper takes the form of an examination of the relevant literature and divergent thinking.
Findings
On the basis of a critical analysis of the literature it is found that the outcome of all factors (internal as well as external) influencing the functioning of a team/group would lead to a “general ability” which can be conceived as composed of three different and interrelated abilities, termed the “cognitive intelligence”, “emotional intelligence” and “social capital” of the team/group. These three abilities could explain a wide range of group behaviors. A conceptual model is developed to explain the innovativeness of work teams in terms of these three group abilities.
Research limitations/implications
The general and inclusive nature of the variables proposed in the model hold promise for proving more stable explanations, and thus a robust model, of highly complex phenomena of work team innovativeness. By associating with innovativeness this model brings the emerging concepts of group intelligence to the attention of management researchers. The underlining and classification of the fundamental abilities of groups into three basic categories (i.e. cognitive, emotional and social), provides a direction for future research in the under‐studied “cognitive” and “affective” dimensions of groups/teams. The model presented here is a conceptual model and needs to be validated empirically.
Practical implications
For intervention and practical purposes, the variables proposed in the model would provide a more comprehensive framework for the assessment of group functioning, and work as a guide for building effective teams and changing the function of the team in desired directions.
Originality/value
Although the relevant literature consists of many partial and indirect hints and indications in the direction as conceived by the model, the full model as such is original. The authors' primary contribution is in perceiving the holistic picture of the phenomena (i.e. basic abilities of groups) and relating them to innovativeness.
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Inês Lisboa, Magali Costa and Carolina Reis
Most research suggests that capital structure is influenced by two elements: the firms’ internal and external characteristics. This study aims to add knowledge to the literature…
Abstract
Purpose
Most research suggests that capital structure is influenced by two elements: the firms’ internal and external characteristics. This study aims to add knowledge to the literature by analyzing the impact of firms’ financial information quality on capital structure options. Financial reports are the principal basis for most financial decisions, so their quality and content heavily influence firms’ financial choices.
Design/methodology/approach
An unbalanced panel sample of 414 listed firms on the main stock exchanges of Portugal (PSI), Italy (FTSE/MIB), Greece (FTSE/ATHEX) and Spain (IBEX 35) between 2013 and 2022 is analyzed. To achieve a more comprehensive result, capital structure and financial reporting quality are measured through multiple proxies. Capital structure is evaluated by the total and the maturity debt ratios, based on book and market values, and financial reporting quality is measured through four proxies: accruals quality, smoothness, timeliness and accounting conservatism.
Findings
The global analysis revealed mixed results, with three variables of the financial reporting quality exhibiting a positive impact on debt (accruals quality, smoothness and accounting conservatism), while the remaining proxy presented a negative impact (timeliness). Further analysis also indicates that companies affected by Troika policies experienced a contrasting effect of timeliness on debt, while the other firms displayed results consistent with the global analysis.
Originality/value
This work contributes to enlarging the capital structure debate by analyzing the impact of financial reporting quality, an effect little addressed by previous literature. Moreover, several proxies of financial reporting quality are used. Besides accruals quality or earnings management proxy, which is the most analyzed, the authors also include the proxies of smoothness and accounting conservatism, little investigated and timeliness that were not considered by previous researchers. Additionally, as control variables, not only firms’ specific characteristics are included but also macroeconomic factors. Therefore, the contributions of the paper are relevant to all stakeholders to broaden knowledge of factors that define the capital structure, as well as the relevance of firms to display financial reporting with quality.
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Ajay Kumar Pathania, Bindiya Goyal and Jagdish Raj Saini
The purpose of this paper is to locate determinants of the diffusion process of solar energy and examine the relationship between variables affecting diffusion and adoption solar…
Abstract
Purpose
The purpose of this paper is to locate determinants of the diffusion process of solar energy and examine the relationship between variables affecting diffusion and adoption solar of energy.
Design/methodology/approach
The data used in this research have been collected from users and non-users of solar energy products in Punjab. A research model was used to test for factors of diffusion and intention to use solar energy products.
Findings
The survey results show that the majority of solar product users are aware of the difference between renewable and non-renewable sources of energy. Roger’s diffusion model containing five components, relative advantage, trialability, observability, complexity and compatibility, shows that relative advantage and trialability significantly influence user’s intention to use solar products. In order to increase adoption and usage of solar energy products, more consideration is required toward raising the reliability and utility of solar products. Demos and trials highly convince users toward solar products. Hence sellers of solar products should give effective trials to increase acceptance of solar products.
Originality/value
This work provides a clear focus which will allow the diffusion and adoption of solar energy product by providing guidance and aspiration as well as providing platform to solar energy manufacture and government for policy making and future decision.
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Nita H. Shah, Ajay S. Gor and Chetan A. Jhaveri
The purpose of this paper is to study integrated inventory system and pricing and ordering strategy for vendor‐buyer supply chain system. Here, the vendor offers a trade credit to…
Abstract
Purpose
The purpose of this paper is to study integrated inventory system and pricing and ordering strategy for vendor‐buyer supply chain system. Here, the vendor offers a trade credit to the buyer when the buyer's order quantity exceeds a given pre‐specified quantity. Therefore, to incorporate the concept of vendor‐buyer integration and trade credit linked, the authors analyze the model to determine the optimal strategy for an integrated vendor‐buyer inventory system under the condition of credit linked to the order quantity when demand is quadratic.
Design/methodology/approach
A mathematical model for integrated inventory system is developed when demand rate is increasing function of the time and decreasing function of the retail price. By analyzing the total channel profit function, the authors developed some useful results to characterize the optimal solution and provide an iterative algorithm to find the retail price, buyer's order quantity and the number of shipments per production run from the vendor to the buyer.
Findings
By developing a solution algorithm, the optimal retail price, order quantity and number of shipments from the vendor to the buyer are provided. Numerical examples and sensitivity analyses are presented to validate the proposed model. Through extensive numerical analyses, it is observed that a longer credit term increases profits of the player for the entire supply chain. The vendor should establish the threshold for allowing trade credit comprehensively to ensure the greatest benefit for both players.
Originality/value
Most of the research articles available in the literature considered the constant demand or linearly changing demand. In this paper, a mathematical model is developed considering time dependent quadratic demand. Very few researchers have investigated joint optimal policy in vendor‐buyer supply chain system, considering trade credit is linked to order quantity, and still there are not many findings on the benefit of integrated policy and trade credit.
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Pradeep Kumar and Ajai Pratap Singh
The purpose of this paper is to present a systematic review of flexibility, to identify the gaps in theory and to propose a future research agenda.
Abstract
Purpose
The purpose of this paper is to present a systematic review of flexibility, to identify the gaps in theory and to propose a future research agenda.
Design/methodology/approach
This paper combines a systematic review and thematic analysis of scholarly articles of flexibility. The articles are analyzed to explicate the dynamics of flexibility in service operations. Thematic analysis was done using NVIVO 10.0 to identify key approaches, trends and future research agenda.
Findings
The review reveals ten different themes that highlight the future research avenues and points out that an integrative framework to assess the field of flexibility, particularly in developing countries, is largely missing in the literature. The study also provides a set of research questions to enhance its explanatory power.
Research limitations/implications
Articles that explicitly mention “flexibility” were only included, however, there may be several unexploited areas regarding the influence of different variables on flexibility. The study is based on the inductive analysis of 650 published articles on flexibility retrieved from the electronic database. The framework proposed in the study is conceptual and requires empirical testing in future research.
Originality/value
The study synthesizes the flexibility literature and contributes to a set of ten distinct themes that extricate the dynamics of flexibility. The study provides a comprehensive review of the relevant articles and identifies the theoretical gaps in the research area of service operations flexibility that can be used by academia and industry for promoting flexibility.
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Abhinandan Kumar Jain and Kaveri Misra
In early 2013, Mr. Deepak Kumar, Chairman and Group CEO of MakeMyTrip1 (MMT), summoned a meeting to discuss about redesigning the MMT Homepage2. It was a three-hour meeting at the…
Abstract
In early 2013, Mr. Deepak Kumar, Chairman and Group CEO of MakeMyTrip1 (MMT), summoned a meeting to discuss about redesigning the MMT Homepage2. It was a three-hour meeting at the Hindustan Conference Room at the company's head office in Gurgaon, India. Theis meeting was attended by key members of the homepage website redesign team comprising the CBO, Analytics head, User Experience (UX) head, Product head and the Tech head (CTO). As a pre-read for the meeting, Ajay Singh, Product Head, shared his findings3 that could help in defining the issues faced by visitors to the homepage of MMT.
Details
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Keywords
Satwik Upadhyay, Rayees Farooq and Nachiketa Tripathi
This case describes the vulnerability of the Indian aviation sector by highlighting the fall of Jet Airways from one of the biggest airlines in India to bankruptcy. The present…
Abstract
Purpose
This case describes the vulnerability of the Indian aviation sector by highlighting the fall of Jet Airways from one of the biggest airlines in India to bankruptcy. The present case discusses the role of Jet Airways' leadership in managing the external threats that affect aviation business in India.
Design/methodology/approach
The present case is built on data collected from secondary sources, including publicly available information about the company, journals, websites, newspapers and reports.
Findings
The case reports findings of how hubris-driven strategic decisions and insecurity of the leader in losing control of the company, led to the grounding of one of the major airline companies in the Indian aviation industry.
Originality/value
The present case study provides valuable insights into the aviation industry in India, focusing on the threats to the aviation business. The case is useful to other airline companies and the aviation business community in dealing with external threats to business and issues of leadership dysfunction.