Margarita Rubio and José A. Carrasco-Gallego
This study aims to build a two-country monetary union dynamic stochastic general equilibrium (DSGE) model with housing to assess how different shocks contributed to the increase…
Abstract
Purpose
This study aims to build a two-country monetary union dynamic stochastic general equilibrium (DSGE) model with housing to assess how different shocks contributed to the increase in housing prices and credit in the European Economic and Monetary Union. One of the countries is calibrated to represent the core group in the euro area, while the other one corresponds to the periphery.
Design/methodology/approach
In this paper, the authors explore how a liquidity shock (or a decrease in the interest rate) affects house prices and the real economy through the asset price and the collateral channel. Then, they analyze how a house price shock in the periphery and a technology shock in the core countries are transmitted to both economies.
Findings
The authors find that a combination of an increase in liquidity in the euro area coming from the common monetary policy, together with asymmetric house price and technology shocks, contributed to an increase in house prices in the euro area and a stronger credit growth in the peripheral economies.
Originality/value
This paper represents the theoretical counterpart to empirical studies that show, through macroeconometric models, the interrelation between liquidity and other shocks with house prices. Using a DSGE model with housing, the authors disentangle the mechanisms behind these empirical findings.
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Jose Marcio Carvalho, Ely Laureano Paiva and Luciana Marques Vieira
High-specification food products that reach prices or expert reviews above average, results from buyer-supplier engagement in quality management. The purpose of this paper is to…
Abstract
Purpose
High-specification food products that reach prices or expert reviews above average, results from buyer-supplier engagement in quality management. The purpose of this paper is to identify the main attributes of the coffee industry supply chain that deals with high-specification products. Coffee may be included in this category of consumption goods that has increasing importance at consumption level around the world. Several groups of high-quality food products such as wine, coffee, spirits and cheese seem to have a very similar supply chain.
Design/methodology/approach
This study was based on multiple case studies. Three research techniques were used in the investigation: secondary data analysis, direct observations and interviews with coffee company’s managers and experts. The within-case and the cross-case analyses made it possible to find the main attributes of a high-specification product supply chain.
Findings
The cases studies pointed out differences between the two groups of coffee shops in relation to their supply chain strategies. The first group can be called Independent Coffee Shops, since they are focussed on the coffee preparation business. The second group can be called Integrated Coffee Shops, due to the fact that these organizations are responsible to manufacturing activities in addition to the coffee preparation activities. Despite this supply chain configuration difference, both groups have a similar perception about their role for the final consumer, to provide a premium experience with coffee.
Research limitations/implications
The main limitation of this research comes from the fact it was possible to interview only one person in each organization. Only the commercialization of the supply chain was analyzed, if the agricultural production was also analyzed, this paper could have broader implications.
Originality/value
The results of this research show the configuration of a supply chain that handles a high-specification product. They are set to transform the trade of a product that has a component of volatility in its quality attributes into a trade of a product that embodies all the desirable attributes preferred by a specific group of costumers. The logic of a supply chain that deals with commodities is different, since in most of the cases it will try to accommodate the variations on quality that comes from nature. This paper describes the market based strategy of 12 organizations and their supply chain configuration in order to offer a premium product.
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Irune Gómez Pescador and Paula Arzadun
The purpose of this paper is to examine the overall state and trends of the SDGs concerning business model backgrounds. Since the adoption of the 2030 Agenda for Sustainable…
Abstract
Purpose
The purpose of this paper is to examine the overall state and trends of the SDGs concerning business model backgrounds. Since the adoption of the 2030 Agenda for Sustainable Development by the United Nations in 2015, encompassing the 17 Sustainable Development Goals (SDGs), there has been a substantial increase in publications highlighting the contributions of the SDGs. Recent research underscores the pivotal role of business models and management frameworks in advancing the SDGs. However, key information, such as theoretical approaches, the most influential authors, journals, articles, and keywords, has yet to be fully determined. To address this gap, a comprehensive analysis was conducted on 167 high-impact articles in the relevant field.
Design/methodology/approach
This study uses a mixed-method approach, combining quantitative bibliometric analysis (performance analysis and science mapping) with qualitative content analysis.
Findings
Bibliographic coupling analysis has illuminated the intellectual structure of the literature connecting SDGs and business models, revealing six primary clusters: frameworks, management systems and reporting tools; sustainable business models (SBMs); circular business models; stakeholder and community involvement, industrial ecology and consumption; inclusive and responsible innovation; and sharing and collaborative economy business models. For Ibero-America, these findings highlight both opportunities and challenges. While there is notable progress in advancing SBMs, the analysis also points to a lack of interlinkages between countries, suggesting potential barriers to knowledge exchange and collaborative innovation within the region.
Research limitations/implications
For Iberoamerica, these findings highlight both opportunities and challenges. While there is notable progress in advancing SBMs, the analysis also points to a lack of interlinkages between countries, suggesting potential barriers to knowledge exchange and collaborative innovation within the region.
Practical implications
The practical implications of this research are manifold. The identification of prolific authors such as Di Vaio, Palladino and Hassan, and leading journals such as Sustainability andJournal of Cleaner Production, underscores the importance of these sources for practitioners seeking to understand the intersection of SDGs and business models. The prominence of Spain and Italy, along with key institutions such as the University of Naples Parthenope and the Polytechnic University of Madrid, highlights regions and organizations that are at the forefront of this research. Practitioners can look to these sources for insights into effective strategies and frameworks for integrating SDGs into business practices. The prominence of certain clusters, such as SBMs and circular economy, suggests areas where businesses can focus their efforts to align with sustainable practices and leverage innovations in the field.
Originality/value
This study offers valuable insights into the evolving relationship between business models and the achievement of SDGs and proposes a novel research agenda for exploring this dynamic in Iberoamerica.
Objetivo
Desde la adopción de la Agenda 2030 para el Desarrollo Sostenible por las Naciones Unidas en 2015, que incluye los 17 Objetivos de Desarrollo Sostenible (ODS), ha habido un aumento significativo en las publicaciones que destacan las contribuciones de los ODS. La investigación reciente subraya el papel fundamental de los modelos de negocio y de gestión en el avance de los ODS. Sin embargo, el estado de situación y las tendencias sobre los ODS en relación con los modelos de negocio siguen siendo inciertos, y aún no se ha determinado información crucial como los autores, revistas, artículos, palabras clave y enfoques teóricos más influyentes. Para abordar esta brecha, se realizó un análisis exhaustivo de 167 artículos de alto impacto en el campo relevante.
Diseño/metodología/enfoque metodológico
Este estudio emplea un enfoque de métodos mixtos, combinando análisis bibliométrico cuantitativo (análisis de rendimiento y mapeo científico) con análisis cualitativo de contenido.
Resultados
El análisis de acoplamiento bibliográfico permitió descubrir la estructura intelectual de la literatura que conecta los ODS y los modelos de negocio, revelando seis grupos principales: (1) Esquemas y modelos de gestión, y herramientas de informes; (2) Modelos de negocio sostenibles; (3) Modelos de negocio circulares, (4) Participación de los grupos de interés y de la comunidad, ecología industrial y consumo, (5) Innovación inclusiva y responsable, (6) Modelos de negocio de economía colaborativa.
Para Iberoamérica, estos hallazgos destacan tanto oportunidades como desafíos. Aunque hay un progreso notable en el avance de los modelos de negocio sostenibles, el análisis también señala la falta de interconexiones entre los países, sugiriendo barreras potenciales para el intercambio de conocimientos y la innovación colaborativa en la región.
Originalidad/valor
Este estudio ofrece valiosas perspectivas sobre la relación evolutiva entre los modelos de negocio y el logro de los Objetivos de Desarrollo Sostenible (ODS), y propone una nueva agenda de investigación para explorar esta dinámica en Iberoamérica.
Objetivo
Desde a adoção da Agenda 2030 para o Desenvolvimento Sustentável pelas Nações Unidas em 2015, que engloba os 17 Objetivos de Desenvolvimento Sustentável (ODS), houve um aumento substancial nas publicações destacando as contribuições dos ODS. Pesquisas recentes enfatizam o papel fundamental dos modelos de negócios e dos marcos de gestão no avanço dos ODS. No entanto, o estado geral e as tendências dos ODS em relação aos modelos de negócios ainda são incertos, e informações cruciais, como os autores mais influentes, revistas, artigos, palavras-chave e abordagens teóricas, ainda precisam ser determinadas. Para preencher essa lacuna, foi realizada uma análise abrangente de 167 artigos de alto impacto na área relevante.
Desenho/metodologia/abordagem
Este estudo utiliza uma abordagem de métodos mistos, combinando análise bibliométrica quantitativa (análise de desempenho e mapeamento científico) com análise qualitativa de conteúdo.
Resultados
A análise de acoplamento bibliográfico iluminou a estrutura intelectual da literatura que conecta os ODS aos modelos de negócios, revelando seis clusters principais: (1) Marcos, sistemas de gestão e ferramentas de relatórios; (2) Modelos de negócios sustentáveis; (3) Modelos de negócios circulares; (4) Envolvimento das partes interessadas e da comunidade, ecologia industrial e consumo; (5) Inovação inclusiva e responsável; (6) Modelos de negócios de economia colaborativa e compartilhada
Para a Ibero-América, esses achados destacam tanto oportunidades quanto desafios. Embora haja um progresso notável no avanço dos modelos de negócios sustentáveis, a análise também aponta para a falta de interconexões entre os países, sugerindo barreiras potenciais para o intercâmbio de conhecimento e inovação colaborativa na região.
Originalidade
Este estudo oferece insights valiosos sobre a relação evolutiva entre os modelos de negócios e a conquista dos ODS, propondo uma nova agenda de pesquisa para explorar essa dinâmica na Ibero-América.
Details
Keywords
- Sustainable Development Goals
- Business models
- Business model innovation
- Circular economy
- Sustainable development
- Bibliometric analysis
- Objetivos de desarrollo sostenible
- Modelos de negocio
- Innovación en modelos de negocio
- Economía circular
- Desarrollo sostenible
- Análisis bibliométrico
- Objetivos de desenvolvimento sustentável
- Modelos de negócios
- Inovação em modelos de negócios
- Economia circular
- Desenvolvimento sustentável
- Análise bibliométrica
Mohamed Saeudy, Jill Atkins and Elisabetta A.V. Barone
This paper aims to contribute to a growing literature in sustainable and green banking by exploring the views of senior banking representatives towards the implementation of…
Abstract
Purpose
This paper aims to contribute to a growing literature in sustainable and green banking by exploring the views of senior banking representatives towards the implementation of sustainability initiatives through extensive interview research. The authors explore the extent to which such initiatives are embedded within the banking industry, whether they represent risk management mechanisms and whether they are imbued with reputational risk management rather than a genuine response to ethical societal concerns.
Design/methodology/approach
Qualitative semi-structured interviews were conducted with UK bank managers. The interviewees’ utterances are interpreted through a sociological theoretical lens derived from the study of Giddens and Beck, allowing us to conclude that external initiatives such as the Equator Principles seem to be adopted as re-embedding mechanisms that can rebuild societal trust, as well as representing mechanisms of reputational risk management.
Findings
The analysis suggested that internal sustainability initiatives were interpreted as coping mechanisms whereby bank employees can recreate their protective cocoon, reinstating their ontological security in response to the high consequence risks of climate change and other related systemic factors that create overwhelming feelings of engulfment.
Originality/value
Using Beck’s risk society theory as a theoretical lens through which to interpret the interview data allows a number of concluding comments and suggestions to be made. The findings resonate with earlier research into institutional investors’ attitudes towards climate change that found their engagement and dialogue with companies around climate change issues to be imbued with a risk discourse: their initiatives and actions were dominated by risk management motivations.
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Daria Elżbieta Jaremen, Elżbieta Nawrocka and Michał Żemła
The purpose of the paper is to identify the state-of-the-art of scientific research on externalities generated in cities by the sharing economy in tourism (SET) based on an…
Abstract
Purpose
The purpose of the paper is to identify the state-of-the-art of scientific research on externalities generated in cities by the sharing economy in tourism (SET) based on an extensive literature review.
Design/methodology/approach
This review detected benefits and costs of the SET in cities development described in the literature using the economic externalities theory approach. The SALSA (Search, AppraisaL, Synthesis and Analysis) research procedure was used to collect relevant academic articles. For findings, the qualitative and quantitative content analysis combined to make a critical analysis of selected papers was conducted.
Findings
Thirty articles devoted to the impact of the SET in cities were identified. Five topics that gained researchers’ attention were recognized: real estate market; transportation; quality of life and gentrification; entrepreneurship and innovativeness of citizens; and local budgets’ incomes. The studies that present externalities of development of the SET in a more complex way are extremely rare.
Research limitations/implications
Research limitations are related to the methods used. The subjectivism of the research is a limitation to possibilities to achieve similar results when analyzing the same set of papers by different researchers. The results then are not to be generalized.
Practical implications
The research reveals a list of problems with externalities of the development of the SET in tourism destinations. Those problems are to be solved by policymakers in cities.
Originality/value
This study identified the gaps of previous research on the impacts of the SET on cities’ development. The paper presented an original conceptualization of future research.
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Aanchal Singh, Subir Verma and Samik Shome
This study aims at examining the contentions of the agency theory by exploring the direct relationship between environmental, social and governance (ESG) disclosure score and…
Abstract
Purpose
This study aims at examining the contentions of the agency theory by exploring the direct relationship between environmental, social and governance (ESG) disclosure score and corporate financial performance (CFP) from the years 2016–2020. It also tests for the adaptability of slack resources theory by testing this relationship in the presence of a moderating variable (financial slack).
Design/methodology/approach
The study relies on the data obtained from Bloomberg database of 112 companies belonging to different sectors. It employs the use of partial least square structure equation modelling (PLS-SEM) for carrying out the empirical analysis.
Findings
The results obtained show that there exists a negative relationship between ESG and CFP of the sample firms. These results lend support to the propositions of both the agency theory. Further, the financial slack in the organizations does not ensure a firm's responsible behavior.
Research limitations/implications
The paper provides important implications both from the perspective of managers as well as policymakers. The results of this study will aid the managers in reducing the instances of information asymmetry in the market, thereby tackling the issue of principle agent problems within an organization. From the policy marking perspective, the results of this study will help the regulatory authorities in implementing the necessary rules, regulations and laws that will ensure increased participation from the corporate sector in disclosing their sustainability-related information.
Originality/value
This study is one of its kind to explore the impact of a moderating variable on the ESG-CFP relationship in the context of an emerging economy. It also contributes to the present stream of literature by providing both a theoretical and empirical support to the propositions under consideration.
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Kyung Ho Kang, Seoki Lee and Changsok Yoo
This study aims to examine the effects of different dimensions of national culture on corporate social responsibility (CSR) activities of hospitality firms, including lodging…
Abstract
Purpose
This study aims to examine the effects of different dimensions of national culture on corporate social responsibility (CSR) activities of hospitality firms, including lodging, casino and restaurant firms.
Design/methodology/approach
This study performs a panel regression analysis to examine the effect of Hofstede’s national culture dimensions on the total CSR score, positive CSR score and negative CSR of the sampled hospitality firms. The sample period spans fiscal years 1993 to 2011and 365 firm-year observations are used for the study’s analysis.
Findings
This study finds a positive and significant effect of uncertainty avoidance on the total CSR score. Further, the study’s results show a positive and significant effect of power distance both on positive and negative CSR scores, while individualism appears to have a negative and significant effect both on positive and negative CSR scores. Masculinity reveals a negative and significant effect on the positive CSR score.
Research limitations/implications
Although the study’s results may not be generalizable to private or non-hospitality firms, according to the findings, multinational hospitality firms are encouraged to conceive a CSR portfolio consisting of localized CSR strategies that consider the effects of national culture on CSR.
Originality/value
This study contributes to the body of hospitality literature by filling the void regarding the relationship between national culture and CSR. At the same time, the findings of this study serve as guidelines for multinational hospitality firms’ implementing CSR activities.
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Silvia Vermicelli, Livio Cricelli, Michele Grimaldi, Benito Mignacca and Serena Strazzullo
Academics and practitioners are increasingly discussing the role of crowdsourcing initiatives in dealing with the challenges imposed by the COVID-19 pandemic, along with their…
Abstract
Purpose
Academics and practitioners are increasingly discussing the role of crowdsourcing initiatives in dealing with the challenges imposed by the COVID-19 pandemic, along with their role in an emergency context in general. However, empirical evidence about the role of crowdsourcing initiatives in an emergency context is still scarce. This paper aims to address this gap in knowledge.
Design/methodology/approach
The authors adopted an inductive approach to investigate how companies leveraged crowdsourcing initiatives to address the issues posed by COVID-19. Data were collected through semi-structured interviews. The selection of the interviewees was based on a purposive sampling strategy. Data were analysed through thematic analysis.
Findings
The analysis led to the identification and examination of drivers (e.g. preserving relationships with customers), advantages (e.g. increased demand for services) and disadvantages (e.g. increased platform cost) of implementing crowdsourcing initiatives during COVID-19. By leveraging the findings, this paper suggests future research opportunities. Relevant future research opportunities include: (1) quantitatively evaluating the economic impact of crowdsourcing initiatives during a disruptive event and (2) examining how the sector in which the company operates influences the beneficial and detrimental effects of crowdsourcing initiatives on company performance.
Originality/value
The involvement of crowds as innovation partners has provided unique opportunities for companies to innovate and address the challenging scenario. The scientific literature about the role of crowdsourcing during COVID-19 is growing. However, there is still a scarcity of empirical evidence about the mechanisms underpinning the use of crowdsourcing during the pandemic. By leveraging semi-structured interviews, this paper addresses this relevant gap in knowledge.