James S. Pounder, Peter Stoffell and Edward Choi
The purpose of this study was to explore whether the transformational classroom leadership concept could describe the notion of the inspiring professor that the Gallup–Purdue…
Abstract
Purpose
The purpose of this study was to explore whether the transformational classroom leadership concept could describe the notion of the inspiring professor that the Gallup–Purdue survey (2014) found to be a major factor in enhancing college and university graduates’ workplace engagement.
Design/methodology/approach
Surveys of existing students and alumni of Lingnan University in Hong Kong were conducted to ascertain whether transformational classroom leadership is a proxy for the inspiring professor notion and to gauge the possible effect that transformational classroom leadership has on alumni workplace engagement.
Findings
The results of the study suggested a potential link between the experience of transformational classroom leadership and alumni subsequent levels of workplace engagement.
Research limitations/implications
The results should be treated as indicative only, given that the Hong Kong study was limited to one university, and the sample sizes were similarly limited.
Practical implications
Should further investigations confirm the Hong Kong results, this could trigger a shift in emphasis and resources in higher education from research to teaching. Furthermore, the nature of transformational classroom leadership provides tremendous scope for establishing a professional development framework based on the model.
Originality/value
This is the first study that has explored the link between transformational classroom leadership and alumni levels of workplace engagement.
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The purpose of this paper is to assess the effect of financial derivatives use on different exposures by comparing domestic firms, domestic multinational corporations (MNCs) and…
Abstract
Purpose
The purpose of this paper is to assess the effect of financial derivatives use on different exposures by comparing domestic firms, domestic multinational corporations (MNCs) and affiliates of foreign MNCs using a unique hand-collected data set of derivatives activities from 881 non-financial firms in eight East Asian countries over the period of 2003-2013.
Design/methodology/approach
In this paper, the authors apply a two-stage approach. In the first stage, exposures to country risks, exchange rate and interest rate risks are estimated by using the market model. In the second stage, potential effects of firms’ derivatives use on multifaceted exposures are investigated by carrying out pooled regression model, and panel data regressions with random effect specifications.
Findings
The authors provide novel evidence that financial hedging of domestic firms and domestic MNCs reduces exposure to home country risks by 10.91 and 14.42 percent per 1 percent increase in notional derivative holdings, respectively, while affiliates of foreign MNCs fail to mitigate exposure to host country risks. The use of foreign currency and interest rate derivatives by domestic firms and domestic MNCs is effective in alleviating such firms’ exposures to varied degrees, while foreign affiliates’ use of derivatives can only lower interest rate exposures.
Originality/value
The primary theoretical contribution of this study is applying the market model to estimate exposures to home and host country risks. Regarding empirical contributions, the authors provide strong evidence that the use of financial derivatives by domestic firms and domestic MNCs significantly contributes to a decline in exposure to home country risks, and evidence the outperformance of domestic MNCs vis-à-vis domestic firms and foreign affiliates.
Semyung Wang, Seungkyu Park and Jenam Kang
The design of multi‐domain that considers all components of electromagnetic systems such as air, iron, magnet, and coil is investigated using topology optimization, interpolation…
Abstract
The design of multi‐domain that considers all components of electromagnetic systems such as air, iron, magnet, and coil is investigated using topology optimization, interpolation method, and FEM. The design sensitivity equation for topology optimization is derived using the adjoint variable method and the continuum approach. The proposed method is applied to topology optimization of C‐core actuator and shows significant improvement.
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Sujatra Bhattacharyya and Arup Mitra
This paper aims at assessing the impact of innovation on productivity as sustainable development can be attained primarily through non-resource-driven growth. Secondly, it also…
Abstract
Purpose
This paper aims at assessing the impact of innovation on productivity as sustainable development can be attained primarily through non-resource-driven growth. Secondly, it also proposes to reflect on the rising capital intensity in the Indian industries as technology advancement, particularly in the light of the fourth industrial revolution, is expected to reduce the labour absorbing capacity of the industrial sector.
Design/methodology/approach
Based on panel data for different Indian firms in various groups of industries, this paper estimates TFPG and TE (following Cornwell et al. methodology) and assesses the impact of R&D expenditure on the performance indices. Secondly, it measures the capital intensity across various groups of industries to reflect on the “employment problem”.
Findings
Innovation does not seem to enhance the performance index in a very significant manner across industry groups considered in the study. The lack of extensive evidence on impact of innovation on total factor productivity growth suggests that innovation does not necessarily result in technological progress while the need of the hour is to experience non-resource-driven growth on the one hand and employment growth on the other. The positive impact of innovation on efficiency as seen in the paper can be interpreted as the expenditure incurred to realize the potentiality of the technology which is possibly imported. However, capital accumulation is resulting in rapid productivity growth at the cost of employment.
Research limitations/implications
Capturing technological progress in terms of TFPG can be subjected to criticism.
Practical implications
Policy implications for employment generation and inclusive growth are derived.
Social implications
The study cautions us about the adverse implications in terms of employment growth.
Originality/value
Assessing the impact of innovation on performance such as TFPG and TE is rather rare in the literature, and this paper tries to reflect on this aspect using the Indian firm-level data. Secondly, the trade-offs between productivity growth and employment growth are brought out distinctly in order to highlight the declining labour absorbing capacity of the industrial sector. This enables us to reflect on the adverse consequences of the fourth industrial revolution.
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Soonja Yeom, Derek L. Choi-Lundberg, Andrew Edward Fluck and Arthur Sale
This study aims to evaluate factors influencing undergraduate students’ acceptance of a computer-aided learning resource using the Phantom Omni haptic stylus to enable rotation…
Abstract
Purpose
This study aims to evaluate factors influencing undergraduate students’ acceptance of a computer-aided learning resource using the Phantom Omni haptic stylus to enable rotation, touch and kinaesthetic feedback and display of names of three-dimensional (3D) human anatomical structures on a visual display.
Design/methodology/approach
The software was developed using the software development life cycle, and was tested by students enrolled in various bachelor degrees at three stages of development within the technology acceptance model, action research and design research methodology frameworks, using mixed methods of quantitative and qualitative analysis.
Findings
The learning system was generally well-accepted, with usefulness (72 ± 18, mean ± standard deviation, 0-100 visual analogue scale) rated higher (p < 0.001) than ease of use (57 ± 22). Ease of use ratings declined across the three versions as modules were added and complexity increased. Students with prior experience with 3D interfaces had higher intention to use the system, and scored higher on identification of anatomical structures. Students with greater kinaesthetic learning preferences tended to rate the system higher. Haptic feedback was considered the best aspect of the system, but students wanted higher spatial resolution and lower response times.
Originality/value
Previous research relating to haptic devices in medical and health sciences has largely focused on advanced trainees learning surgical or procedural skills. The present research suggests that incorporating haptic feedback into virtual anatomical models may provide useful multisensory information in learning anatomy at the undergraduate level.
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Edward C. Boyer and Jongmoo Jay Choi
The financial services industry is experiencing rapid consolidation globally. Consolidation has proceeded not only in the same market but also across different market segments and…
Abstract
The financial services industry is experiencing rapid consolidation globally. Consolidation has proceeded not only in the same market but also across different market segments and across national boundaries. In this paper, we (a) outline the general trend of the mergers and acquisitions (M&As) and consolidation of the financial service industry in the U.S. and in the global economy; (b) identify and analyze the reasons that contribute to the consolidation of the financial service industry; (c) examine some cases of successful and unsuccessful financial service M&As; and (d) arrive at some strategic implications.
Apostolos Giovanis, Pinelopi Athanasopoulou and Evangelos Tsoukatos
The purpose of this paper is to better predict customers’ behavioral intentions (BI) by developing and empirically testing an integrative conceptual framework that allows us to…
Abstract
Purpose
The purpose of this paper is to better predict customers’ behavioral intentions (BI) by developing and empirically testing an integrative conceptual framework that allows us to investigate the mediating role of corporate image (CI) and switching barriers (SB) in the interrelationships among service evaluation constructs (i.e. service quality (SQ), perceived value and customer satisfaction (CS)) and customers’ future intentions. These relationships are explored in the mobile telecommunications service context.
Design/methodology/approach
Around 1,000 customers of mobile telecommunication services were questioned using a structured questionnaire. To test the proposed hypotheses, a model was constructed and estimated using the method of partial least squares path methodology.
Findings
Findings indicate that the provision of high-SQ and the creation of superior value, through the development of reasonable costs, can result in high-CS; enhanced CI, and either directly or indirectly through SB, in customers’ favorable BI. However, given the price-competitive structure of the industry under investigation, customers’ loyalty decisions are mainly based on service-related criteria. The value of and satisfaction from delivered services are far more important decision criteria, than image and SB.
Research limitations/implications
This study was limited to one service setting and the proposed model should be cross-validated in other service contexts before the relationships among its components are fully clarified. Also the use of cross-section design reduces inference ability regarding temporal changes in research constructs.
Practical implications
Results suggest that marketers, in their effort to develop more customer-oriented marketing plans in mature markets, should consider both the pool-in factors, reflecting the value of the provided services; CS, and CI, and the interactions among them as well as with the push-back factors, reflecting SB, as they all impact on customers’ BI.
Originality/value
This paper contributes to the body of existing knowledge by considering both CI and SB, along with other service evaluation constructs, as antecedents of consumers’ BI. The interrelationships among SB, service evaluation and CI has not been adequately addressed in the existing literature.