Abdulkader Zairbani and J.P. Senthil Kumar
This paper aims to compare the mission statements of Indian and Singaporean firms in the healthcare sector, and define the main components of Indian and Singaporean mission…
Abstract
Purpose
This paper aims to compare the mission statements of Indian and Singaporean firms in the healthcare sector, and define the main components of Indian and Singaporean mission statements.
Design/methodology/approach
The study was based on a network analytic approach and content analysis. The research was performed on 200 companies (100 Indian companies and 100 Singaporean companies). For each company, we searched for a mission statement published in the company website. Nonnegative Matrix Factorization (NMF) in Python programming language was utilized to obtain the differences in the components of mission statements between Indian and Singaporean firms.
Findings
The study results indicate a similarity and variation between Indian and Singaporean mission statements. Both countries are more concerned about patients, service, community, quality, and healthcare in their mission statements, but Indian mission statements emphasize quality, affordable price, and technology more than Singaporean firms. In contrast, Singaporean mission statements tend to highlight innovation and company value. This research will assist strategic managers in identifying the mission statement components and choosing the right strategy for the organization.
Originality/value
This study contributes to the literature and ethos theory by identifying and distinguishing the paramount differences between the Indian and Singaporean mission statement components in the healthcare sector.
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V.M. Vijay Kumar and J.P. Senthil Kumar
The study aims to analyze, realize and identify the extent of research on financial literacy (FL) and to reveal the study trends, growth and evolution in the Scopus database from…
Abstract
Purpose
The study aims to analyze, realize and identify the extent of research on financial literacy (FL) and to reveal the study trends, growth and evolution in the Scopus database from a bibliometric analysis. Principally, the primary purpose of this study is to conduct a comprehensive bibliometric review of studies focusing on the use, identification, network structure and conceptual structure of FL.
Design/methodology/approach
The most relevant articles were found using an electronic search. The studies that would be reviewed were sourced from the Scopus database. A total of 1,211 articles were found and refined to 768 papers between 1997 and 2021. Every composition has been analyzed in different dimensions such as co-authorship, co-citation, conceptual structure, co-word occurrence, trend topics analysis, thematic map, topic dendrogram, three field plot diagram and visualization analysis with the help of R programming language and VOSviewer software.
Findings
Motor themes, basic transverse, niche, and emerging and declining themes were identified using (Callon, 1991) a strategic thematic map. The analysis’s results showed that, over the past 20 years, FL literature has advanced remarkably. It also acts as a reference means for future researchers. This study adopted relational techniques such as co-word, co-author, co-citation analysis, bibliographic coupling and thematic map analysis revealing the emerging topics for future research. The relational approach indicates that “FL” and “human” are two central parts that connect to other frequently used words in the studies examined.
Research limitations/implications
The study deploys bibliometric analysis appropriate for deriving insights from the vast extant literature. However, a meta-analysis might offer deeper insights into specific dimensions of the research topic. It expands the previous literature and shows study topics that are more focused by examining the abstracts and contents of articles published in journals in different Scopus categories. For future researchers to derive a solid theoretical framework, a systematic review of the literature and meta-analysis would be helpful. Science mapping for this study is limited to the Scopus database owing to its more comprehensive coverage of good-quality journals.
Practical implications
For future researchers to derive a solid theoretical framework, a systematic review of literature and meta-analysis would be helpful. Science mapping for this study is limited to the Scopus database owing to its more comprehensive coverage of good-quality journals. The authors offer suggestions for promising directions for future research that could address some of the inconsistencies found from the bibliometric analysis study.
Social implications
This study can help both budding and established researchers to find new research focus, relevant sources, and collaboration opportunities and make informed decisions. Findings related to evaluative and relational techniques can serve as helpful information for researchers who are new to the field.
Originality/value
It shows the indicators used to benchmark institutes, authors, journals or articles. The increase in researchers’ collaborative, multi-authored and interdisciplinary efforts also revealed an annual growth rate of 23.77%. Overall, this study enhanced the understanding of the FL phenomenon and provided an experience and interpret a wide range of publication- and citation-based statistics. This study contributes to understanding the collaborative networks of various researchers and institutions and the benefits/detriments of collaborating cross-disciplinary, internationally, or with industry or corporate institutions.
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T.P. Arjun and Rameshkumar Subramanian
This paper aims to analyse how financial literacy (FL) is conceptualised and operationalised in the Indian context.
Abstract
Purpose
This paper aims to analyse how financial literacy (FL) is conceptualised and operationalised in the Indian context.
Design/methodology/approach
A systematic literature review (SLR) was conducted using the Preferred Reporting Items for Systematic Reviews and Meta-analyses (PRISMA) protocol. Thirty-six articles published between 2010 and 2020 were considered for analysis. The FL conceptualisation was examined based on knowledge, ability, skill, attitude and confidence elements. The FL operationalisation was analysed using the modified version of the Organisation for Economic Co-operation and Development’s (OECD) Programme for International Student Assessment (PISA) 2012 model for organising the domain for an assessment framework.
Findings
The findings indicate that, despite offering operationalisation details of the FL, 13 out of 36 studies did not include a conceptual definition of FL. Of the 23 studies that mentioned a conceptual definition, 87% are primarily focused on the “knowledge” element and only 39% have combined knowledge, ability/skill and attitude elements in defining FL. As in the developed countries, the Indian studies also preferred investment/saving-related contents in their FL measures. The volume of content focusing on the financial landscape is meagre amongst the FL measures used in India and developed countries. The survey instruments of most studies have been designed in the individuals’ context but have failed to measure the extent to which individuals apply the knowledge in performing their day-to-day financial transactions. Further, it was found that 20 out of 36 studies did not convert the FL level of their target groups into a single indicator or operational value.
Originality/value
To the best of our knowledge, this is the first study that explores the FL’s assessment practices in India. Further, this study offers new insights by comparing the contents of FL measures used in Indian studies with those used in developed countries.
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Chetanraj D.B. and Senthil Kumar J.P.
This study aims to determine the best way to apply material flow cost accounting (MFCA) in an SME environment with the goal of visualizing negative product cost during the…
Abstract
Purpose
This study aims to determine the best way to apply material flow cost accounting (MFCA) in an SME environment with the goal of visualizing negative product cost during the manufacturing process and pinpointing places where improvements can be made.
Design/methodology/approach
This study uses a case study approach to demonstrate the usefulness of the MFCA tool in an SME in India that produces aluminum energy products used in the electrical power sector through gravity die casting.
Findings
According to the results, the company’s gravity die casting has a negative product cost margin of 27.38% as a result of MFCA analysis. It is also determined that the negative material cost is Rs. 22,919, the negative system cost is Rs. 462 and the negative energy cost is Rs. 1,069 for processing 300 kg of raw material. The typical monthly raw material processing for this company is 45,000 kg.
Originality/value
This research shows that MFCA’s implementation will improve the company’s environmental consciousness and bottom line. To the best of the authors’ knowledge, this study is the first to implement MFCA in aluminum gravity die casting of electrical parts manufacturing.
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Usha Rani Jayanna, Senthil Kumar Jaya Prakash, Ravi Aluvala and B. Venkata Rao
Through bibliometric analysis, the study intends to reveal the evolution of the trends in the Scopus database, the scope of research and the connection between technology and…
Abstract
Purpose
Through bibliometric analysis, the study intends to reveal the evolution of the trends in the Scopus database, the scope of research and the connection between technology and entrepreneurship.
Design/methodology/approach
This study uses a comprehensive science mapping approach, integrating network visualisation to map research groups, bibliometric analysis to measure publication trends and thematic analysis to identify overarching themes. This study uses a thorough technique to examine the complex interaction between technology and entrepreneurship from 2000 to 2023. The collection includes information from various sources, creating a corpus of 2,207 documents. These sources include 698 scholarly journals, books and other publications.
Findings
According to the report, the interest in technology and entrepreneurship is expanding. The three nations conducting the most study on this subject is the USA, the UK and Italy. Some of the top writers in this area include James A. Cunningham, Alison N. Link and David B. Audretsch.
Research limitations/implications
The study found possibilities and problems associated with the interaction between technology and entrepreneurship. Additionally, the study found several research holes in this area. The study also noted some research gaps in this field, including those related to the sustainability of society and the environment, the effects of entrepreneurship on inequality and the difficulties faced by entrepreneurs in underdeveloped nations.
Practical implications
This study thoroughly overviews the business and technology sectors. It outlines some of the difficulties that must be overcome whilst identifying the main research trends in this field. Researchers, decision-makers and businesspeople interested in using technology for entrepreneurial endeavours can all benefit from the study’s findings.
Social implications
This study’s dataset’s scope, which might not include all pertinent publications, is one of its limitations. Nevertheless, the results add to a thorough picture of the state of the profession and recent developments. This study’s insights are valuable for researchers, policymakers and entrepreneurs interested in leveraging technology for entrepreneurial pursuits.
Originality/value
The research points to a number of directions that need more inquiry, such as in-depth studies into the social and environmental implications of technology-driven entrepreneurship and methods to combat inequality.
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Hanifiyah Yuliatul Hijriah, Sulistya Rusgianto, Himmatul Kholidah, Sri Herianingrum and Aqilah Nadiah Md Sahiq
This study aims to draw lessons from the financial technology (FinTech) ecosystem literature through a systematic literature review.
Abstract
Purpose
This study aims to draw lessons from the financial technology (FinTech) ecosystem literature through a systematic literature review.
Design/methodology/approach
This study systematically studied a sample of 134 articles from the Scopus database to assess the pattern of research development within the scope of the FinTech ecosystem over the last 15 years (2008–2023).
Findings
The results obtained indicated that the current research focus leads to several aspects: digital technology and financial inclusion, FinTech and customer behavior, FinTech ecosystem, business model, as well as aspects of governance and regulation. In the effort to develop Islamic FinTech, some aspects that might be targeted include aspects of business development and the Islamic FinTech ecosystem in general, extending financial inclusion to governance and managerial implementation of Islamic FinTech itself.
Research limitations/implications
This research has limitations because it did not focus on the study of more specialized sectors, such as insurance or microfinance institutions, in adopting FinTech, requiring the use of other specifications of institutions in addition to Islamic banking.
Practical implications
This research has substantial theoretical implications in mapping the intellectual structure of Islamic FinTech research, which has been underexplored by previous researchers, as well as providing essential information about which sectors should be prioritized to encourage inclusiveness and overall performance of financial institutions.
Originality/value
This research explores more deeply with a comprehensive approach so that it becomes a pioneer in the study of FinTech ecosystem literature for the development of Islamic FinTech.
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Poonam Sharma, Sanjeev Gupta, Ranjan Aneja and Shradha Attri
The present paper aims to conduct a comprehensive scientific mapping of exchange rate forecasting, highlighting trends, developments, and methodological changes. This will provide…
Abstract
Purpose
The present paper aims to conduct a comprehensive scientific mapping of exchange rate forecasting, highlighting trends, developments, and methodological changes. This will provide research scholars, researchers, and policymakers valuable insights to facilitate predictions.
Design/methodology/approach
The researchers performed a bibliometric analysis of exchange rate forecasting using a scientific search method on the Scopus database from 1991 to 2022. They applied a web interface program called Biblioshiny, part of the Bibliometric package built in R by Aria and Cuccurullo (2017). VOSviewer was used to identify the most influential journals, authors, countries, articles, citations, and co-citations from 1,602 documents.
Findings
The conceptual and intellectual framework of the papers under review provided an in-depth and comprehensive analysis of the domain. The research outcomes provided essential information on the subject matter, highlighting the need for further investigation. The study’s findings demonstrate the evolution of the theory of forecasting exchange rates reflecting continuous developments in the methodologies applied to forecast the exchange rates.
Research limitations/implications
The scientific mapping of the present study’s bibliometric analysis is limited to the Scopus database because of its comprehensive coverage of high-quality journals and predefined structures compatible with Bibliometrix software.
Practical implications
The study provides considerable insight into forecasting exchange rates and their interlinkages. By outlining the social and intellectual structure of the field, it directs upcoming scholars about the relevant topics, contexts and potential collaborations emerging in this field. The study also reveals the critical concerns in the area and leads to potential research opportunities.
Social implications
The study sheds light on emerging trends and approaches to forecasting exchange rates and will provide valuable information and insights to policymakers, economists, investors and decision-makers in the financial sector. It will contribute to prioritising research in overlooked areas and support the formulation of effective policies.
Originality/value
This study contributes significantly by bringing together disparate literature on exchange rate forecasting, highlighting important journals, authors and documents, and examining the recent studies on the foreign exchange rate.
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Zamin Farzam, Pournima Dhume Shinkre, Nilesh Borde and Purva Hegde Desai
This study conducts a systematic literature review and bibliometric analysis to explore the overarching trends, growth trajectories, key themes, significant contributors and scope…
Abstract
Purpose
This study conducts a systematic literature review and bibliometric analysis to explore the overarching trends, growth trajectories, key themes, significant contributors and scope of research concerning the interplay between foreign capital inflows, institutional quality and the dynamics of financial development.
Design/methodology/approach
Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) guidelines have been followed to identify the articles. A thorough literature review was then conducted, supplemented by a bibliometric analysis using the Biblioshiny software within the RStudio platform.
Findings
Empirical research consistently demonstrates a strong correlation between foreign capital inflows, institutional quality and financial development. The bibliometric analysis indicates a 5.56% annual growth rate in this area, alongside a steady increase in scientific output. Regarding country-specific scientific production, China, Malaysia and the United States rank among the world’s top 10 most prolific nations. Thematic map analysis further reveals that the keywords “institutional quality,” “financial development” and “foreign direct investment” are categorized as “basic themes,” highlighting their significant potential for future research.
Research limitations/implications
The analysis relies on Biblioshiny software; future studies could incorporate other methods such as cluster analysis, citation and co-citation analysis using VOSviewer. Additionally, a more comprehensive meta-analysis covering a longer time span can be considered for future research.
Practical implications
This study shall assist researchers in identifying recent advancements in the components of foreign capital and their direct and indirect effects on financial development through the lens of institutional quality. It provides valuable insights for scholars, aiding in recognizing emerging trends and patterns in the field. Additionally, it highlights key contributors, including leading authors, journals and countries, thereby fostering global academic collaboration.
Social implications
This research offers policymakers a clear framework for formulating policies to effectively leverage foreign capital inflows for financial development. It also emphasizes the importance of a strong institutional environment in the relationship between foreign capital inflow and financial market development.
Originality/value
The study uncovers key gaps in the multidimensional aspects of financial development and the heterogeneity of foreign direct investment (FDI), thereby deepening scholars' understanding of trends, growth rates and potential future directions in the field.
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Gangadhara Hiriyanna and Senthil Kumar Jaya Prakash
This study aims to investigate the relationship link between societal and governmental support factors, individuals’ self-efficacy, experience and outcome expectations in framing…
Abstract
Purpose
This study aims to investigate the relationship link between societal and governmental support factors, individuals’ self-efficacy, experience and outcome expectations in framing nascent social entrepreneurs' intentions to establish e-government service centres in rural areas by using the integrated model approach of Hockert’s (2017) social entrepreneurial intentions (SEI) theoretical model and social cognitive career theory (SCCT).
Design/methodology/approach
Using a convenient sampling strategy, 615 survey samples were obtained through a questionnaire from e-governance-based social entrepreneurs in Karnataka. The primary data and theorised model are analysed and tested using partial least squares structural equation modelling.
Findings
This research findings indicate that appointing agency support, perceived societal support (PSS), government support, social entrepreneurial self-efficacy (SE-SE), public image, prior experience and outcome expectations substantially predicted SEI to establish an e-government service centre. Hence, prior experience and PSS were insignificant regarding direct influence outcome expectations towards establishing e-governance social ventures.
Originality/value
The present research study initially explored the social entrepreneur's intention to provide e-public services to people in rural and distant areas to fulfil social needs. Furthermore, this research revealed that new antecedents of government support, appointing agency support and public image influence the social entrepreneur's intention to establish e-governance service centres. These research findings evaluate the contribution of the government, appointing agencies, social entrepreneurs and citizens to make a framework for the inclination of e-government service centres to create a social impact in rural and remote areas.