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María Folqué, Elena Escrig-Olmedo and María Teresa Corzo Santamaría
This study aims to understand how scholarly research addresses sustainable investments’ contribution to sustainable development (SD) within the sustainable development goals (SDG…
Abstract
Purpose
This study aims to understand how scholarly research addresses sustainable investments’ contribution to sustainable development (SD) within the sustainable development goals (SDG) framework. This is achieved by focusing on how the asset management industry, through the practice of advanced sustainable investment strategies, can contribute more efficiently to SD.
Design/methodology/approach
For this purpose, a systematic literature review using the content analysis method and comprised between the years 2015 and 2021 is carried out.
Findings
A systematic literature review shows that the asset management industry is critical to integrating SDGs in financial markets, through their influence on investee companies or their investment products. The findings also indicate that SDGs are integrated into investment portfolios, particularly those managed according to the impact investment strategy and those that practice active ownership. However, the integration is not homogeneous.
Research limitations/implications
This review has limitations derived from search engineering. In addition, research goals have conditioned the exclusion of articles that merely refer to the SDGs. Moreover, since SDGs were launched in 2015, not enough time has elapsed to analyze the total contribution of sustainable investment to achieving the SDGs.
Practical implications
This study provides the basis for a multidisciplinary debate related to developing a good integration of SDGs in the asset management industry under new global challenges.
Social implications
Given the disconnection between the expansion of sustainable investment and sustainability achievements, this research aims to deepen the understanding of how sustainable investment can contribute more efficiently to SD within the framework of SDGs.
Originality/value
This analysis advances previous academic research by providing insights into new pathways for future studies on how to approach the asset management industry's challenges to contribute to sustainable development efficiently in the current context.
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Pino G. Audia, Sebastien Brion and Henrich R. Greve
We examine the influence of the self-assessment and self-enhancement motives on the choice of comparison organizations in two experimental studies. Study 1 shows that: (1…
Abstract
We examine the influence of the self-assessment and self-enhancement motives on the choice of comparison organizations in two experimental studies. Study 1 shows that: (1) self-assessment generally prevailed over self-enhancement, guiding decision makers to choose organizations that were more similar and had better performance; (2) self-enhancement was more pronounced under conditions of low performance, leading participants to more frequently choose organizations that were less similar and had lower performance; and (3) self-enhancing comparisons inhibited perceptions of failure and the propensity to make changes. Study 2 extends the results of Study 1 by showing that participants were more likely to choose comparison organizations that had lower performance and were less similar when they were in a self-enhancement mindset than when they were in a self-assessment mindset. The combined effects of self-assessment and self-enhancement on the choice of comparison organizations are discussed in relation to the broader organizational literature on learning from performance feedback.
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Antonella D'Agostino, Monica Rosciano and Maria Grazia Starita
This paper aims to apply a multidimensional approach to assessing the financial well-being of European countries.
Abstract
Purpose
This paper aims to apply a multidimensional approach to assessing the financial well-being of European countries.
Design/methodology/approach
Financial well-being is a very complex phenomenon to measure because it is composed of different dimensions. Therefore, this paper uses a multidimensional and fuzzy methodology to assess financial well-being in Europe. The financial well-being fuzzy indicator was calculated using European Quality of Life Survey data.
Findings
Financial well-being is heterogeneous across European countries. This evidence is confirmed both at the level of overall financial well-being and at the level of sub-indices. The degree of financial well-being is not directly related to wealth as traditionally measured (i.e. GDP), but shows some correspondence with socio-economic characteristics of the population and with governance and cultural elements of a country.
Practical implications
Understanding financial well-being could help financial institutions to transition from a one-size-fits-all approach to a more tailored approach when they provide financial services and could help policy makers to consider financial well-being when they decide how and where to allocate public spending.
Originality/value
To the best of authors’ knowledge, this study is the first to employ a fuzzy methodology for the analysis of financial well-being in Europe.
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Oscar A. Martínez-Martínez, Brenda Coutiño and Araceli Ramírez-López
Comprehensive poverty measures are increasingly gaining importance since people's deprivations and needs cover aspects beyond income. For this reason, the goal of this article is…
Abstract
Purpose
Comprehensive poverty measures are increasingly gaining importance since people's deprivations and needs cover aspects beyond income. For this reason, the goal of this article is to propose a methodology to measure poverty that includes objective social deprivation, income deprivation and subjective social deprivation, using Mexico City and its municipalities as the study context. In order to show areas of intervention of public policies, the authors discuss the dimensions and indicators used in the multidimensional measurement.
Design/methodology/approach
Using the Social Welfare Survey (N = 2,871), the authors measure poverty with the Alkire-Foster methodology. The applied concept of poverty includes objective and subjective deprivations, and income.
Findings
The interaction between objective and subjective deprivations shows that income, social cohesion, built environment and public insecurity are important areas for the redesigning of public policies.
Originality/value
The employed method to measure poverty emphasizes the relevance of including subjective deprivations in interaction with objective deprivations and income. It evidences the need for the implementation or strengthening of public policies.
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Khalid Mehmood, Katrien Verleye, Arne De Keyser and Bart Lariviere
The widespread integration of artificial intelligence (AI)-enabled personalization has sparked a need for a deeper understanding of its transformative potential. To address this…
Abstract
Purpose
The widespread integration of artificial intelligence (AI)-enabled personalization has sparked a need for a deeper understanding of its transformative potential. To address this, this study aims to investigate the mental models held by consumers from diverse cultures regarding the impact and role of AI-enabled personalization in their lives (i.e. individual well-being) and in society (i.e. societal well-being).
Design/methodology/approach
This paper uses the theories-in-use approach, collecting qualitative data via the critical incident technique. This data encompasses 487 narratives from 176 consumers in two culturally distinct countries, Belgium and Pakistan. Additionally, it includes insights from a focus group of six experts in the field.
Findings
This research reveals that consumers view AI-enabled personalization as a dual-edged sword: it may both extend and restrict the self and also contribute to an affluent society as well as an ailing society. The particular aspects of the extended/restricted self and the affluent/ailing society that emerge differ across respondents from different cultural contexts.
Originality/value
This cross-cultural research contributes to the personalization and well-being literature by providing detailed insight into the transformative potential of AI-enabled personalization while also having important managerial and policy implications.
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Stanley M. Gully and Jean M. Phillips
The purpose of this chapter is to extend research and theory on learning and performance orientations to multiple levels of analysis. We begin by introducing a model describing…
Abstract
The purpose of this chapter is to extend research and theory on learning and performance orientations to multiple levels of analysis. We begin by introducing a model describing the impact of individual learning and performance orientations on attentional focus, response to failure, experimentation, and motivation, and identify potential sources of these orientations. We then describe how learning and performance orientations are linked to incremental and profound change, and theoretically based propositions are presented to guide future research efforts. Leadership, organizational learning, and strategic human resource management are discussed in relation to the model, and implications of the framework for future research and practice are revealed.
Hannele Kauppinen-Räisänen, Johanna Gummerus, Catharina von Koskull and Helene Cristini
The purpose of this study was to explore what luxury represents to contemporary consumers in their own life contexts.
Abstract
Purpose
The purpose of this study was to explore what luxury represents to contemporary consumers in their own life contexts.
Design/methodology/approach
A mixed-methods qualitative approach was adopted that comprised individual, personal interviews and focused interviews with small groups.
Findings
The study contributes to the field of luxury research by highlighting consumers’ interpretations of luxury as highly subjective, relative and contextual; showing that according to consumers, luxury relates to both consumption and non-consumption contexts; illustrating the value of luxury as a multidimensional construct in both contexts; and demonstrating how luxury may relate to a consumer’s desire to be meaningful and genuine, thereby generating prudential value. In these cases, luxury is closely linked to consumers’ perceptions of meaningfulness and well-being.
Practical implications
For marketing managers, the findings suggest that the wave of new luxury – seeking meaningfulness – may serve as a novel means of branding.
Originality/value
This study demonstrates that the significance of the concept of luxury transcends commercial settings and offerings, i.e. the brand, product or service. The findings show that luxury may also be generated in non-commercial contexts and specific activities (e.g. running, gardening). Based on these findings, it is proposed that luxury in non-commercial settings is characteristic of the new wave of luxury, and that in such settings, luxury may contribute to personal well-being, thereby generating prudential value.
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Gautam Mahajan, V. Kumar, Marco Tregua and Roberto Bruni
This paper aims to present the seven organizational principles for developing value-dominant logic (VDL) thinking and advancing it toward making a business purposeful and open to…
Abstract
Purpose
This paper aims to present the seven organizational principles for developing value-dominant logic (VDL) thinking and advancing it toward making a business purposeful and open to a lifestyle of value for humanity at large.
Design/methodology/approach
VDL considers value as rooted on axiology, actor-network theory, the hygge concept and is deployed through seven organizational principles deriving from the original eight VDL principles (Mahajan, 2017).
Findings
It is necessary to consider value in its polysemous meanings as an emergent element and a result of people’s interpretation based on norms and beliefs. At the same time, managers conceptualize businesses to create stimuli for the markets and society and favoring the emergence of a positive and sustainable value. This study explains how organizations and managers can be driven by norms and beliefs and a purpose to make decisions and assume postures and behaviors capable of stimulating the emergence of positive and sustainable value, creating opportunities for humanity at large; this managerial behavior creates conditions for value creation, and it is framed in VDL.
Research limitations/implications
A research agenda is provided that can spawn fruitful research in VDL.
Practical implications
This study develops the theoretical roots for a management approach that will support organizations and managers in interpreting their role as stimulators of value.
Social implications
The study focuses on the well-being and happiness of all the stakeholders.
Originality/value
The study developed organizational principles deeply rooted in the VDL.
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The purpose of this paper is to analyse the effect of the National Pension Scheme (NPS) on the economic well-being of older people in South Korea.
Abstract
Purpose
The purpose of this paper is to analyse the effect of the National Pension Scheme (NPS) on the economic well-being of older people in South Korea.
Design/methodology/approach
It analyses older people aged 60 and over sampled from the third wave of the Korean retirement and income study.
Findings
The analysis shows a gendered effect. The NPS is positively associated with the economic well-being of only older men. This gendered impact is probably attributable to the inherent patriarchal structure of the NPS that is based on the strong male bread-winner model.
Originality/value
The results suggest that promoting the female labour market participation, and also reforming the gender structure of the NPS and South Korean labour market, can be a potential policy option to amend gendered economic well-being in later life.