Abdullah Alqahtani and Michael Taillard
The question being assessed is whether changes in the degree of global geopolitical risk (GPR), as defined by the framework developed by Iacoviello (2018), can be used to improve…
Abstract
Purpose
The question being assessed is whether changes in the degree of global geopolitical risk (GPR), as defined by the framework developed by Iacoviello (2018), can be used to improve allocative efficiency, thereby increasing investment returns on oil commodities.
Design/methodology/approach
Using the linear and nonlinear model, this paper analyzes the impact of GPR on returns of oil prices (BRENT, WTI and Organization of Petroleum Exporting Countries), as well as the short- and long-run relationship between GPR and oil prices.
Findings
The results of the impulse response function indicates that oil prices do not respond to shocks in GPR. The results of the Granger causality test show that oil returns are not caused by GPR. The regression analysis and autoregressive distributed lag results show that there is no significant impact of GPR on the returns of oil.
Originality/value
This is unique among the literature in that it identifies and isolates the relationship between GPR and oil market pricing. Insight into the lag in market response and the degree to which GPR can be used to estimate oil prices using curvilinear models are derived from the analysis.
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Montserrat Díaz-Méndez, Michael Saren and Evert Gummesson
From a service ecosystem perspective, the purpose of this paper is to examine students’ evaluation surveys as a tool used by most higher education (HE) institutions worldwide to…
Abstract
Purpose
From a service ecosystem perspective, the purpose of this paper is to examine students’ evaluation surveys as a tool used by most higher education (HE) institutions worldwide to measure teaching quality with consequences for tenure and promotion.
Design/methodology/approach
This study is based on the service-dominant (S-D) logic and specifically on the service ecosystem approach. Through an in-depth literature review and analysis the authors explore the effect of student evaluation surveys on the value co-creation process, describe the role they play in the HE ecosystem and critically evaluate their efficacy. The research is based on empirical data from the literature and previous studies findings.
Findings
The literature review highlights the detrimental consequences of the use of students’ evaluation surveys for teachers and students and for the rest of actors of this service. The authors argue that institutions should embrace a service ecosystem perspective based on S-D logic. The authors highlight the role of institutions as moderators of the interactions between actors and, finally, the authors have introduced the concept of “service ecosystem pollution” which the authors define as the presence or introduction of disruptive elements in the service ecosystem adversely affecting the nature of value co-creation.
Practical implications
This study emphasizes the importance for HE institutions to embrace a service ecosystem approach so as to foster and preserve the value co-creation processes taking place within the interactions among the HE actors. Conclusions drawn from this paper suggest that HE institutions should focus on strategies such as investing in improving students’ and teachers’ operant resources rather than polluting the HE service ecosystem with the use of students’ evaluation surveys.
Originality/value
Hitherto there are no studies analyzing the tools HE institutions use to measure teaching quality from a service ecosystem perspective. The study is especially valuable due to the consequences and the use of these measures entails for teachers, students and society.
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Mugdha Vinod Dani and Aradhana Vikas Gandhi
Innovation is an engine that drives the organization and allows it to outcompete in the economic environment. This paper aims to analyze scientific publications between 1980 and…
Abstract
Purpose
Innovation is an engine that drives the organization and allows it to outcompete in the economic environment. This paper aims to analyze scientific publications between 1980 and January 2021 concerning innovation indicators at organizational and individual levels. The study identifies 11 unique indicators to evaluate innovation, thus enhancing existing knowledge in the domain.
Design/methodology/approach
A total of 175 randomly selected journal articles were systematically analyzed.
Findings
While innovation has received significant attention in the commercial sector, the focus on the construct in academic research has remained relatively narrow. The analysis offers a comprehensive view of innovation drivers at an organizational and individual level.
Research limitations/implications
The literature review offers a deeper understanding of the indicators of innovation impacting organizational performance.
Originality/value
The analysis and methodology discussed aim to assist managers, researchers and policymakers in comprehending the various innovation indicators; such understanding may enhance individual and organizational efficiency.
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Claire Mayhew and Michael Quinlan
The purpose of this research is to analyse the relationship between economic pressure, multi‐tiered subcontracting and occupational health and safety (OHS) outcomes for employee…
Abstract
Purpose
The purpose of this research is to analyse the relationship between economic pressure, multi‐tiered subcontracting and occupational health and safety (OHS) outcomes for employee and owner/drivers in long‐haul trucking, using Australian evidence.
Design/methodology/approach
The analysis is based on direct interviews with 300 long‐haul drivers, using a structured questionnaire along with an examination of documentary records, statistics and government reports. Qualitative and quantitative data were gathered on self‐reported acute and chronic injuries, the incidence of occupational violence, truck crashes, indicators of illicit drug use, hours of work/fatigue and psychological distress.
Findings
Variations between owner/drivers and employees working for small and large firms were investigated. Overall, owner/drivers reported worse OHS than small fleet and, more especially, large fleet drivers. Evidence also indicated a connection between economic pressure, the expansion of contingent work and negative OHS outcomes.
Research limitations/implications
Further longitudinal and comparative research is needed to test the hypothesized link between competitive pressures, supply chain rationalization and OHS outcomes. Research to investigate these issues in other countries is required in order to compare findings with those for Australia and to assess the effectiveness of new enforcement initiatives.
Practical implications
Findings suggest the need for policy interventions aimed at improving OHS to address commercial practices, including elaborate subcontracting chains, more explicitly than is currently the case with road transport regulation. Recent moves in this direction are identified.
Originality/value
Unlike manufacturing, healthcare and the public sector, there have been few studies of the OHS effects associated with contingent work arrangements in transport. In addition to helping to fill this gap the paper provides evidence on the effects of competitive pressure and supply chains on work practices and OHS.
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Laurie Krigman and Mia L. Rivolta
This paper aims to investigate the roles of non-CEO inside directors (NCIDs) in the new CEO-firm matching process using the context of unplanned CEO departures when immediate CEO…
Abstract
Purpose
This paper aims to investigate the roles of non-CEO inside directors (NCIDs) in the new CEO-firm matching process using the context of unplanned CEO departures when immediate CEO succession planning becomes a sole board responsibility. Although critics argue that inside directors decrease the monitoring effectiveness of a board, inside directors arguably possess superior firm-specific experience and knowledge that can be beneficial during the leadership transition.
Design/methodology/approach
The authors use a comprehensive, manually collected data set of unplanned CEO departures from 1993 to 2012.
Findings
The authors find that NCIDs play an important role in the CEO transitioning process. They help firms identify qualified inside replacements and provide stability as the new permanent or interim CEO. In addition, NCIDs facilitate the transfer of information and help the new external CEOs succeed. They show that the longer the NCID stays with the company, the longer the tenure of the new CEO. They also document that the presence of NCIDs improves operating and stock performance; especially when the new CEO is hired from outside of the firm.
Practical implications
The impact of NCIDs is particularly important when the firm hires an outsider as the new CEO. These results suggest that board composition affects frictions in the CEO labor market.
Originality/value
The literature has predominantly focused on the downside of having inside directors. Too many inside directors on a firm’s board is often associated with ineffective boards and entrenchment. To the contrary, the authors focus on a potential benefit of having inside directors.