Francisca Beer, Badreddine Hamdi and Mohamed Zouaoui
The purpose of this paper is to examine whether investors’ sentiment affects accruals anomaly across European countries.
Abstract
Purpose
The purpose of this paper is to examine whether investors’ sentiment affects accruals anomaly across European countries.
Design/methodology/approach
The authors estimate the model using Fama–MacBeth regressions. The sample includes 54,572 firm-year observations for 4,787 European firms during the period 1994–2014.
Findings
The authors find that investors’ sentiment influences accruals mispricing across European countries. The effect is pronounced for stocks whose valuations are highly subjective and difficult to arbitrage. The cross-country analysis provides evidence that sentiment influences accruals anomaly in countries with weaker outside shareholder rights, lower legal enforcement, lower equity market development, higher allowance of accrual accounting and in countries where herd-like behavior and overreaction behavior are strong.
Research limitations/implications
The findings suggest the generalizability of the sentiment-accruals anomaly relation in European countries characterized by different cultural values, levels of economic development and legal tradition.
Practical implications
The findings suggest to caution individuals investors. These investors would be wise to take into account the impact of sentiment on the performance of their portfolio. They must keep in mind that periods of high optimism are accompanied by a high level of accruals and followed by low future stock returns.
Originality/value
The research supplements previous American studies by showing the significance of the level of sentiment in understanding the accruals anomaly in Europe. Hence, it is important for future studies to consider investor sentiment as an important time-series determinant of the accruals anomaly, particularly for stocks that are hard to value and difficult to arbitrage.
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In this chapter, I focus on stigmatization exercised and experienced by local residents, comparing two socially-diverse areas in very different contexts: the Cabrini Green-Near…
Abstract
Purpose
In this chapter, I focus on stigmatization exercised and experienced by local residents, comparing two socially-diverse areas in very different contexts: the Cabrini Green-Near North area in Chicago and the La Loma-La Florida area in Santiago de Chile.
Methodology/approach
Data for this study were drawn from 1 year of qualitative research, using interviews with residents and institutional actors, field notes from observation sessions of several inter-group spaces, and “spatial inventories” in which I located the traces of the symbolic presence of each group.
Findings
Despite contextual differences of type of social differentiation, type of social mix, type of housing tenure for the poor, and public visibility, I argue that there are important common problems: first, symbolic differences are stressed by identity changes; second, distrust against “the other” is spatially crystallized in any type and scale of social housing; third, stigmatization changes in form and scale; and fourth, there are persisting prejudiced depictions and patterns of avoidance.
Social implications
Socially-mixed neighborhoods, as areas where at least two different social groups live in proximity, offer an interesting context for observing territorial stigmatization. They are strange creatures of urban development, due to the powerful symbolism of desegregation in contexts of growing inequalities.
Originality/value
The chapter contributes to a cross-national perspective with a comparison of global-north and global-south cities. And it also springs from a study of socially-mixed areas, in which the debate on concentrated/deconcentrated poverty is central, and in which the problem of “clearing places” appears in both material (e.g., displacement) and symbolic (e.g., stigmatization) terms.
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Beula Goroba, Admore Mashokoh and Francisca Kunedzimwe
Despite the potential benefits of disruptive frugal technologies in education and e-learning, Zimbabwe lacks a complete grasp of their effective deployment, impact and…
Abstract
Despite the potential benefits of disruptive frugal technologies in education and e-learning, Zimbabwe lacks a complete grasp of their effective deployment, impact and scalability. It investigates how disruptive, low-cost technologies might increase access to education and close the achievement gap. The importance of investigating the role of disruptive frugal technologies in changing education and promoting e-learning in Africa derives from the fact that African educational institutions usually face resource constraints such as inadequate infrastructure, budget and technical access. Researching disruptive frugal technologies can lead to low-cost and long-term solutions that make education more accessible and affordable by exploiting existing resources and infrastructure. A mixed-methods approach was used to collect data from educators, technology specialists, students and educational institutions using questionnaires, interviews and case studies. The study is based on the disruptive innovation theory. Clayton M. Christensen established the disruptive innovation theory, which describes how new technology or business models disrupt existing markets or industries. This theory helps to comprehend how current technology may improve education by offering low-cost, accessible and scalable alternatives to outdated approaches. The findings indicate that new frugal technologies can overcome challenges such as poor infrastructure, high costs and limited resources to significantly transform Zimbabwean education.
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Sandra J. Milberg, Mónica Silva, Paulina Celedon and Francisca Sinn
The purpose of this paper is to extend the conclusions of a previous synthesis of attraction effect research (1995), focusing on the influence of background and design variables…
Abstract
Purpose
The purpose of this paper is to extend the conclusions of a previous synthesis of attraction effect research (1995), focusing on the influence of background and design variables on the magnitude of the effect, and to identify additional factors that question the effect’s practical market relevance.
Design/methodology/approach
Meta-analysis and moderator analysis (meta-regression) are used to summarize the findings and assess the explanatory power of background variables on the magnitude of the attraction effect.
Findings
Analyses indicate significant effects for procedure and the pre-entrant target percentage in addition to decoy type and decoy location found in previous synthesis. These factors explain 16 per cent of the variance. Previous findings that between-subject designs result in stronger attraction effects are not substantiated. Viable decoys led to a reversal of the attraction effect.
Research limitations/implications
This research contributes conceptually by demonstrating that the attraction effect is sensitive to research design factors which in some cases reverse the effect. This suggests that the underlying theory needs qualification and that generalizability may be limited. Given the constraints of meta-analysis, design factors that are idiosyncratic to a single study or are constant across studies could not be tested.
Practical implications
This research suggests that for the attraction effect to have practical relevance, knowledge of the effect needs updating because critical realities in the marketplace have been somewhat ignored by researchers in building theories regarding this effect.
Originality/value
By focusing on background variables that can moderate the magnitude of the attraction effect, the authors open a venue to expand the theoretical understanding and the practical relevance of the attraction effect in marketing.
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Francis Kamewor Tetteh, Dennis Kwatia Amoako, Andrews Kyeremeh, Gabriel Atiki, Francisca Delali Degbe and Prince Elton Dion Nyame
The coronavirus disease 2019 (COVID-19) pandemic represents one of the most significant disruptions to supply chains (SCs), stimulating both practitioners and scholars to seek…
Abstract
Purpose
The coronavirus disease 2019 (COVID-19) pandemic represents one of the most significant disruptions to supply chains (SCs), stimulating both practitioners and scholars to seek ways to enhance supply chain performance (SCP). Recent advancements in technology, particularly supply chain analytics (SCA) technologies, offer promising avenues for mitigating risks associated with SC disruptions like those posed by the COVID-19 pandemic. However, the existing literature lacks a comprehensive analysis of the connection between SCA and healthcare SC (HSC) performance. To address this research gap, we employed the dynamic capability perspective to investigate the mediating roles of supply chain innovation (SCI), resilience (SCR) and flexibility (SCF) in the relationship between SCA and HSC performance. The study further examined the moderating role of a data-driven culture (DDC).
Design/methodology/approach
The proposed model was tested using survey data from 374 managers of healthcare facilities in Ghana. SPSS and Amos were used to analyze the data gathered.
Findings
The results showed that while SCA may drive HSC performance, the presence of SCI, SCR and SCF may serve as channels to drive enhanced HSC performance. Additionally, we also found that different levels of a DDC induce varying effects of SCA on SCI, SCR and SCF.
Research limitations/implications
The study’s results have theoretical and practical implications, offering valuable insights for the advancement of SCA in healthcare literature. They also deepen SC managers’ comprehension of how and when SCA can boost HSC performance. However, as the study was limited to healthcare facilities in Ghana, its findings may not be universally applicable.
Originality/value
This study contributes to the literature by demonstrating that SCI, SCR, SCF and a DDC could serve as transformative mechanisms to reap superior HSC outcomes. This study also offers contemporary guidance to managers regarding SCA investment decisions.
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Francis Kamewor Tetteh, Gabriel Atiki, Andrews Kyeremeh, Francisca Delali Degbe and Prosper Apanye
Though business analytics capability continues to attract considerable industrial and scholarly attention, its holistic performance implications, especially in the post-COVID-19…
Abstract
Purpose
Though business analytics capability continues to attract considerable industrial and scholarly attention, its holistic performance implications, especially in the post-COVID-19 period, have not been fully understood. Thus, there have been calls for a full understanding of the implications of BAC for achieving holistic, sustainable outcomes among firms. This study therefore examines the influence of BAC on the three dimensions of sustainable performance. We also proposed the mediating role of circular economy implementation.
Design/methodology/approach
We tested the proposed model using survey data from 246 managers of manufacturing firms in Ghana. Partial least squares structural equation modelling was employed to validate the model.
Findings
Our findings showed that BAC significantly enhances both sustainable performance and circular economy implementation. We also found a significant association between CEI and sustainable performance. We further found significant partial mediation of CEI in the BAC sustainable performance nexus.
Practical implications
Our study offers thoughtful insights for managers, policymakers and the academic community that firms should simultaneously implement circular models alongside building analytics competencies in the quest to achieve balanced performance outcomes.
Originality/value
To the best of our knowledge, our study is among the very few attempts to understand the mechanism that channels the benefits of BAC for a holistic, sustainable outcome.
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Carlos Ferreira Peralta and Maria Francisca Saldanha
This research aims to evaluate if knowledge-centered culture (KCC) fosters knowledge sharing equally across employees with different levels of trust propensity, an enduring…
Abstract
Purpose
This research aims to evaluate if knowledge-centered culture (KCC) fosters knowledge sharing equally across employees with different levels of trust propensity, an enduring individual characteristic.
Design/methodology/approach
A cross-sectional questionnaire study was conducted with 128 US-based employees.
Findings
The authors found that KCC only promoted knowledge sharing in individuals with high levels of trust propensity. For individuals with low levels of trust propensity, KCC had no effect on knowledge sharing.
Research limitations/implications
The authors focused exclusively on trust propensity as a moderator. Future research could analyze the role of other enduring individual differences in the relationship between KCC and knowledge sharing.
Practical implications
A KCC may be inefficient in promoting knowledge sharing in employees with low propensity to trust. Recruitment and selection of individuals with a high propensity to trust is a possible solution to enhance the association between KCC and knowledge sharing in organizations.
Originality/value
By identifying an enduring individual characteristic that shapes the relationship between KCC and knowledge sharing, the authors move toward the development of a contingent view of KCC and show that KCC fosters knowledge sharing differently across employees.