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Article
Publication date: 5 January 2023

Levente Szász, Krisztina Demeter, Ottó Csíki and Réka Horváth

Taking its outset in operations management (OM) contingency research, this paper aims to investigate how firm size, as one of the most powerful explanatory factors, influences the…

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Abstract

Purpose

Taking its outset in operations management (OM) contingency research, this paper aims to investigate how firm size, as one of the most powerful explanatory factors, influences the implementation and performance impact of four key manufacturing practices.

Design/methodology/approach

Three large-scale surveys from three different points in time, with a total of 1880 observations from varied geographical regions, are used to offer generalizable evidence on how firm size influences the implementation and performance outcome of technology, lean, quality and human resource practices.

Findings

The four manufacturing practices positively enhance performance: quality and lean practices produce the most consistent effects, while technology and human resource practices turn more beneficial in the latest sample. Furthermore, the authors offer robust support for the selection and mediation models (larger firms generally invest more in the four practices and, through that, achieve higher performance), while finding no evidence for the moderation model (smaller firms can equally benefit if they possess the resources to invest in these practices).

Originality/value

As manufacturing practices are continuously evolving, their performance impact cannot be guaranteed in any context. Size is a frequently used contingency variable in OM studies, but results are contradictory in terms of its impact on the implementation and performance outcomes of manufacturing practices. This study manages to ease these contradictions.

Details

Journal of Manufacturing Technology Management, vol. 34 no. 2
Type: Research Article
ISSN: 1741-038X

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Book part
Publication date: 29 December 2016

Zoltán Schepp and Mónika Mátrai-Pitz

Over the last decade, foreign currency indebtedness in Hungary has become a systemic financial problem, and its crippling impact on the real economy has been aggravated by its…

Abstract

Over the last decade, foreign currency indebtedness in Hungary has become a systemic financial problem, and its crippling impact on the real economy has been aggravated by its significant constraints on economic policy. In international comparative terms, however, there are certain specific features relating to Hungary which make this issue particularly problematic, and during the financial crisis both exchange rates and interest rates were important factors in increasing the burden on individual households. We present here a case study whereby our research focuses on the causes and determining factors of the pricing of Swiss franc-denominated mortgage loans. Our empirical exercise examines four potential price shocks which might have affected the pricing decisions of credit institutions: foreign currency interest rates, the country risk premiums (measured by Credit Default Swap (CDS) spread), the deteriorating quality of the loan portfolio and the taxes levied on banks. The questions which arise concern the relationship of these costs to the changes in interest rates and the extent to which these cost shocks were passed on by banks to their clients. Empirical evidence based on Vector Error Correction Model (VECM) shows a significant long-run relationship between cost factors and CHF denominated mortgage loans interest rates — with a reasonable sign and magnitude of parameters, but also with moderate forecasting power. Finding a tractable solution to the foreign currency debt trap is only possible if a fair distribution of burdens is achieved, and this should be supported by empirical facts. At the end of the day, all three affected parties (debtors, banks, and the Hungarian State) had made their contribution, but how fair and reasonable the distribution was remains an open issue for further research.

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