Maria Agusti, Jose L. Galan and Francisco J. Acedo
This paper aims to examine what firms in Spanish industrial sectors redeployed their resources, depending on their organisational slack (resource excess), when faced with the…
Abstract
Purpose
This paper aims to examine what firms in Spanish industrial sectors redeployed their resources, depending on their organisational slack (resource excess), when faced with the global economic crisis of 2008.
Design/methodology/approach
Various financial measures for slack resources and performance have been analysed from more than 400 Spanish firms from 2006 (pre-crisis) to 2017 (recovery).
Findings
The first finding is that every slack is useful against an economic downturn. The results show how industrial companies use their slack resources when faced with a generalised crisis according to the level of slack possessed. The key role of the available slack against this environmental threatens is remarked.
Research limitations/implications
Not every resource is useful against an economic downturn. The results show how industrial companies use their slack resources when faced with a generalised crisis in accordance with the types and levels of slack. The key role of the liquid resources, in particular cash, against this environmental threat is discussed. However, we also observe the behaviour of firms with only a few excess resources and find very similar resource consumption patterns.
Originality/value
Although organisational slack is a well-known concept in management, few studies deal with how companies consume or use other types of resources when confronting a crisis. This paper not only addresses this question but also offers insights for a detailed evaluation of various types of slack during and after a crisis.
María A. Agustí, Rocio Aguilar-Caro, José Luis Galán and Francisco J. Acedo
Organisational slack has been widely considered in strategic management, but there is a gap in understanding the process of accumulation and application of slack resources. From a…
Abstract
Purpose
Organisational slack has been widely considered in strategic management, but there is a gap in understanding the process of accumulation and application of slack resources. From a dynamic perspective and over an extended period of time, this paper analyses the management of slack resources and evaluates whether the different behaviours, in relation to the accumulation and consumption of slack resources, have any effect on performance.
Design/methodology/approach
The resource-based view and the dynamic extension of this theory, i.e. resource management and resource orchestration, were analysed in order to evaluate how slack resources can be managed and generate value. Assuming a configurational approach, the analysis was structured into two stages to answer the proposed hypothesis. The first stage studied whether there were different patterns of management of slack resources over time using the DistatisR package. The second stage evaluated which behaviours had the greatest impact in terms of profitability by using a dynamic panel data regression.
Findings
Three different types of slack resource management were found in companies: efficient, effective and erratic. Different types do not have the same impact on performance.
Originality/value
The dynamic management of slack resources has scarcely been considered, even during periods of crisis and economic expansion. This research advances the understanding of how firms transform slack resources into performance from a dynamic perspective.
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María A. Agustí, José L. Galán and Francisco J. Acedo
The purpose of this paper is to analyse and classify the literature that links slack resources with performance, determining the diversity and coherence within the field, as well…
Abstract
Purpose
The purpose of this paper is to analyse and classify the literature that links slack resources with performance, determining the diversity and coherence within the field, as well as possible future research trends.
Design/methodology/approach
Using Web of Science information, a dynamic co-citation and co-word analysis was developed, enabling identification of the theoretical foundations that have accompanied the study of the slack–performance relationship and the research trends associated with these types of resources and their temporal evolution.
Findings
Document co-citation and co-word analysis and its evaluation present a growing diversity of literature but which maintains links to the core works, giving coherence to this research field. The key theoretical approaches remain stable over time but with fragmentation of the topics analysed. Results allowed identification of a number of emerging research trends, achieving a level of consolidation within the field, with research fronts linked to those trends.
Originality/value
Slack resources have a large trajectory within the management field. However, it is believed only basic bibliometric analyses of the literature have been made and none has developed an analysis of the evolution. This work is useful not only for incipient researchers to better understand the theoretical bases upon which the current work is based but also for the identification of possible gaps and unanswered research questions. The results complement previous research, with qualitative or meta-analytic perspectives, fundamental in understanding the structure and evolution of this research field.
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Maria Agusti-Perez, Jose Luis Galan and Francisco J. Acedo
Although slack resources and their relationship to performance have been widely studied in the literature, the temporal symmetry of this relationship, and the duration of its…
Abstract
Purpose
Although slack resources and their relationship to performance have been widely studied in the literature, the temporal symmetry of this relationship, and the duration of its effects, are still unknown aspects and are the objective of this paper.
Design/methodology/approach
To evaluate this effect, an exploratory study has been designed on a sample of 449 Spanish industrial companies over a period of 12 years, assessing the impact of idle resources on economic and financial profitability. By means of hierarchical regressions, the short- term, medium- term and long-term effects of slack resources have been evaluated.
Findings
The results show that the impact on performance depends on the type of resource considered. Available slack has a consistent and positive effect on economic profitability in the short term. Other types of slack show persistent effects on performance, but, in the case of the recoverable slack, with a negative sign that contradicts the benefits provided by these resources. Finally, potential slack only has a permanent effect on financial profitability, but the sign changes depending on the economic context under consideration. There are also differences in the duration of the effects according to the type of resources.
Originality/value
This paper advances the knowledge about the slack-performance relationship over time that has been scarcely studied.
目的
閒置資源與表現的關係從文獻中可見得到廣泛的研究。唯這關係的時間對稱性及其影響的持續期則是未知之數,這正是本研究的目的。
研究設計/方法/理念
此為一探索性研究,以評估這影響。研究樣本為449 間西班牙工業公司,研究為期12年,目的為評估閒置資源對經濟和財務盈利能力的影響。研究使用層次回歸,評估了閒置資源的短期、中期及長期的影響。
研究結果
研究結果顯示、閒置資源對表現的影響是視乎被考慮之資源所屬種類的。可用冗餘就短期而言,對經濟盈利能力產生一貫積極的影響。其它種類的閒置資源對表現有持續的影響。但可恢復的冗餘,則與這些資源會帶來好處的現象相矛盾,帶來負面跡象。最後、潛在的冗餘對財務盈利能力只產生持久的影響,唯有關的跡象則會視乎被考慮的經濟環境而改變。致於影響的持續期則會根據資源的種類而有所不同。
研究的原創性/價值
本研究使我們更了解冗餘與表現在時間推移上的關係,而探討這關係的研究是罕見的。﹞
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María Vidales and Carmelo García-Pérez
The purpose of this paper is to analyse, from an empirical point of view, the importance of each of the main sources of funding in developing countries (foreign direct investment…
Abstract
Purpose
The purpose of this paper is to analyse, from an empirical point of view, the importance of each of the main sources of funding in developing countries (foreign direct investment, official development assistance, external debt and remittances) in achieving sustainable, social and inclusive development.
Design/methodology/approach
The methodology followed to achieve this purpose is the construction of three econometric models. The general model incorporates as a dependent variable the Human Development Index (HDI) and, as explanatory variables, the four sources of funding indicated above, as well as three exogenous variables (human capital, corruption and natural resources). This model is complemented by two extensions that aim to analyse the behaviour of explanatory variables in reducing inequalities and improving each of the HDI components.
Findings
The results of the estimations of the econometric models show that foreign direct investment and remittances are the sources of funding with the greatest impact on achieving development. Moreover, official development assistance while not making a positive contribution to the achievement of development as a whole, could be adequate to reduce inequalities.
Originality/value
The added value of this paper consists in carrying out a joint analysis of these four sources of funding because previous researches focussed the attention on some of them, drawing partial conclusions. The conclusion of this study is that the four sources of funding analysed can be considered complementary to promote sustainable and inclusive development, although foreign direct investment has a much more important role.
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Abstract
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Ester Miquel, Josep Maria Sanahuja Gavaldà and Mar Moron-Velasco
This study, part of an international effort to bring art and culture closer to everyone, aims to analyze interprofessional collaboration between schools and artistic institutions…
Abstract
Purpose
This study, part of an international effort to bring art and culture closer to everyone, aims to analyze interprofessional collaboration between schools and artistic institutions in the development of inclusive artistic spaces. It focuses on identifying opportunities for professional development and student learning.
Design/methodology/approach
From the theoretical framework of collaboration and professional development, this study follows a qualitative case study design. It analyses the design, implementation and evaluation of three inclusive artistic projects in Barcelona. An interpretive qualitative methodology is used to collect and analyze data from 30 professionals from artistic institutions and schools, and 85 students. Data were obtained through video recordings, field notes and group and individual interviews.
Findings
The results demonstrated a strengthening and stimulation of interprofessional collaboration networks, providing the community with new learning spaces that are more open, flexible and inclusive. Furthermore, sharing knowledge and methodological strategies not only promotes professional development but also positively impacts students’ outcomes. Inclusive artistic spaces serve as a crucial platform for this purpose, offering an environment where artistic expression and cultural engagement intersect with educational goals.
Practical implications
The findings have two clear practical implications: firstly, to build inclusive artistic spaces in the community based on collaboration between schools and artistic institutions; and secondly, to generate a reference framework for professional development among different types of community institutions.
Originality/value
This paper adopts a practice theory approach to study interprofessional collaboration between schools and artistic institutions, giving voice not only to professionals but also to students.
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Sambo Lyson Zulu, Ali Saad, Saheed Ajayi and Maria Unuigbe
Digital uptake amongst construction organisations is described as slow and ineffective, undermining a fundamental transformation and limiting construction firms from exploiting…
Abstract
Purpose
Digital uptake amongst construction organisations is described as slow and ineffective, undermining a fundamental transformation and limiting construction firms from exploiting the digital benefits. In this space, meaningful research that utilises a qualitative approach in pursuit for employees' insights towards digital transformation is lacking. Such limited focus from previous efforts presents an opportunity to illuminate the determinants of an effective digital transformation that are, arguably, responsible for the status quo of low digital uptake in the construction sector. This paper aims to discuss the aforementioned idea.
Design/methodology/approach
This study adopts a qualitative approach to address the literature's digital discreetness in construction. The qualitative approach captures employees' perspectives through its unbounded characteristic of encouraging illustration and discussion.
Findings
This paper captures 35 digital transformation determinants under three clusters, namely, organisation related, i.e. hierarchy, size and management, people related, i.e. team orientation, training and knowledge and leadership related, i.e. awareness, attitude, approach and leaders' characteristics. Findings suggest a new set of arguments in relation to understudied factors and their influence on the digital uptake in construction organisations.
Originality/value
This paper offers empirical indication of the determinants believed to influence an effective digital transformation in construction organisations. Such conceptualisation is crucial and is depicted as perceived by construction employees and practitioners, which is a less biased approach than that of comparable studies that argue the viewpoints of industry leaders in isolation of other members of the hierarchy.
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Paras Kanojia and Gurcharan Singh
This paper empirically explored the influence of external and internal factors on technological and non-technological innovation of 5747 Indian firms. The study also explored…
Abstract
Purpose
This paper empirically explored the influence of external and internal factors on technological and non-technological innovation of 5747 Indian firms. The study also explored novel insights about manufacturing firms by segregating them into high-technology and low-technology industries.
Design/methodology/approach
The study employed hierarchical regression analysis to analyse a cross-sectional dataset gathered from the World Bank enterprise survey. The firms are segregated into high-technology and low-technology industries based on the technology-intensity classification of the manufacturing industry given by the Organisation for Economic Co-operation and Development.
Findings
The main results highlight that technological and non-technological innovation was primarily driven by internal resources and capabilities rather than external factors. The authors found the highest effect of research and development spending on both forms of innovation. In both high-tech and low-tech industries, technology transfer is positively associated with technological innovation and negatively associated with non-technological innovation. Furthermore, external business support has substantially influenced non-technological innovation in low-tech industries.
Originality/value
This study used two-step hierarchical regression to explore the influence of external and internal factors on technological and non-technological innovation separately. Exploring determinants of innovation in high-technology and low-technology industries also brings the distinct prerequisites of enhancing innovation to the attention of policymakers and industry experts.
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Maria Elisabete Neves, Beatriz Lopes Cancela and Vítor Manuel de Sousa Gabriel
This study aims to understand which factors determine the corporate performance of Portuguese and Spanish listed companies between 2011 and 2018, also considering the sub-period…
Abstract
Purpose
This study aims to understand which factors determine the corporate performance of Portuguese and Spanish listed companies between 2011 and 2018, also considering the sub-period marked by the presence of the Troika in Portugal, between 2011 and 2014.
Design/methodology/approach
To achieve this aim, panel data methodology was used, specifically the generalized method of moments (GMM) estimation method proposed by Arellano and Bond (1991), Arellano and Bover (1995) and Blundell and Bond (1998) for 110 non-financial companies from the Iberian Peninsula.
Findings
The results point out different signs and significance of the variables in the companies of the two countries. Regarding the sub-period, our results suggest that the intervention of the Troika in Portugal acted in a very different way from the neighboring country.
Originality/value
This research shows the importance of studying countries individually, even with small dimensions, to reinforce the path that is still necessary for more sustainable companies. Furthermore, when companies have strong governance structures, the harmful contagion from one neighboring country to another may not happen.