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1 – 5 of 5Thi-Ha-Trang Dang and Shao-Chi Chang
This study aims to examine and analyze the determinants of the stock market performance after firms announce sustainable supply chain management (SSCM) practices.
Abstract
Purpose
This study aims to examine and analyze the determinants of the stock market performance after firms announce sustainable supply chain management (SSCM) practices.
Design/methodology/approach
The study focuses on the long-run stock performance of firms announcing SSCM investments. The authors collected a sample of 280 SSCM announcements from 2010 to 2017 and estimated the buy-and-hold abnormal stock returns up to three years following the announcements. Numerous analyses were conducted to analyze the effect of environmental and social sustainability on long-run stock returns.
Findings
The findings show a significantly positive stock performance in the three-year period after announcements. Moreover, the evidence indicates that the post-announcement abnormal stock return has an inverted-U relationship with corporate environmental sustainability but not with corporate social sustainability. Finally, whether firms expand the firms' corporate sustainability strength to SSCM practices or not, firms secure long-run wealth as long as SSCM programs are carried out.
Research limitations/implications
The research focuses on the stock performance of USA public firms to draw conclusions about firms' market performance. This research leaves out the private and born-sustainable firms.
Practical implications
The findings offer firms incentives to invest in SSCM and suggest the magnitude of value provided by each sustainability type to help firms set firms' supply chain (SC) sustainable investment level.
Originality/value
The study is the first to investigate the long-run stock performance of firms announcing SSCM practices and the contribution of different sustainability types to stock performance.
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Yung‐Chang Hsiao, Chung‐Jen Chen and Shao‐Chi Chang
This study aims to investigate the relationship between knowledge management capacity and organizational performance from the social interaction perspective.
Abstract
Purpose
This study aims to investigate the relationship between knowledge management capacity and organizational performance from the social interaction perspective.
Design/methodology/approach
The empirical study employs a questionnaire approach. The sample for this study is drawn from the population of the top 5,000 Taiwanese firms listed in the yearbook published by the China Credit Information Service Incorporation. Regression analysis is used to test the hypotheses in a sample of 105 Taiwanese firms.
Findings
The findings suggest that two assessments of knowledge management capacity, knowledge acquisition and dissemination, and the communication factor of social interaction are positively related to organizational performance. Further, social interaction has complementary or synergistic interaction effects with knowledge management capacity on organizational performance.
Practical implications
Given the need for the use of knowledge management capacity as an enabler to improve organization outcome, firms need to be aware that social interaction would moderate the link between knowledge management capacity and organizational performance. Therefore, firms should pay special attention to formulate appropriate social interaction conditions under which knowledge acquisition and dissemination are most likely to enhance organizational performance.
Originality/value
This study contributes to the literature by theoretically developing a conceptual model and then empirically examining the relationships among knowledge management capacity, social interaction, and organizational performance.
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The purpose of this paper is to better understand the influence of business group membership by exploring how actions by a member firm influence other firms in the business group…
Abstract
Purpose
The purpose of this paper is to better understand the influence of business group membership by exploring how actions by a member firm influence other firms in the business group. Specifically, the authors ask two questions in this study: when a member firm forms strategic alliances with partners outside of the business group, how does the alliance influence other members in the business group? Moreover, which types of member firms are more affected than others?
Design/methodology/approach
The authors employ standard event-study methodology to examine the stock price responses for the focal and member firms on the announcement of an alliance. Moreover, the authors employ the cross-sectional regression analyses to test hypotheses concerning the impact of alliance, group, and firm characteristics on the cumulative abnormal returns of non-announcing members. All regressions are estimated using ordinary least squares.
Findings
The results show that, on average, alliance-announcing member firms experience significantly positive share price responses to announcements of strategic alliances. Moreover, the impact of alliance formation spillover to other non-announcing members in the business group. The authors also find that the influences on the non-announcing members are dissimilar. The non-announcing members are more strongly affected when they are in different industries from the non-member partner, and when the ownership of the business group is more concentrated.
Originality/value
This study is to extend the resource complementarities perspective, which may help firms to more effectively configure their network portfolios in order to develop synergies among related network resources. The study thus extends the alliance portfolio literature to the literature on business groups. Since the inter-firm networks within business groups are more complex than those in alliance portfolios, the authors are able to study how the structure of a business, such as ownership concentration, can influence the intra-network effect.
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Chao-Chin Huang, Shih-Chieh Fang, Shyh-Ming Huang, Shao-Chi Chang and Shyh-Rong Fang
While the literature attends to how customer retention strategies develop relationship quality (e.g. trust), it does not account for the potential mediator (s) in this…
Abstract
Purpose
While the literature attends to how customer retention strategies develop relationship quality (e.g. trust), it does not account for the potential mediator (s) in this relationship. The purpose of this paper is to examine the mediating role of brand relationship quality (BRQ) in the relationship between relational bonds and brand loyalty in retail service contexts.
Design/methodology/approach
A total of 524 valid questionnaires from respondents aged between 15 and 24 are analyzed using structural equation modeling.
Findings
First, BRQ significantly mediates the relationship between relational bonds and brand loyalty. Second, structural bonds are the only driver of attitudinal attachment; social and structural bonds lead to a sense of community. Third, attitudinal attachment is the main influence on both behavioral and attitudinal loyalty.
Research limitations/implications
First, a focus on a single market segment, i.e. 15-24 year olds. Second the dimensions used to measure relational bonds and BRQ might not be applicable to other contexts. Third, does not consider potentially important moderator(s). Fourth, does not distinguish between store and product brands.
Originality/value
This study makes the following contributions to the literature: First, demonstrates the importance of BRQ as a mediator in the relationship between relational bonds and brand loyalty. Second, elucidates the role of BRQ in establishing brand loyalty in three theoretical frameworks applied to retail service contexts. Third, suggests a more comprehensive view of brand loyalty involving both behavioral and attitudinal dimensions. Fourth, proposes the managerial implications of this work for the customer retention strategies of retail service firms.
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ORIGINS THE Department of Aeronautical Engineer‐ing at The Queen's University was founded primarily to stimulate the flow of local talent into the aircraft industry of Northern…
Abstract
ORIGINS THE Department of Aeronautical Engineer‐ing at The Queen's University was founded primarily to stimulate the flow of local talent into the aircraft industry of Northern Ireland. With the transfer of the whole of the resources of Short Brothers and Harland to Belfast in 1947 and their subsequent development, the aircraft industry had come to represent a considerable fraction of the engineering effort of the Province. It was thus to be expected that the only University in Northern Ireland should concern itself with the special needs of this exacting branch of engineering. The University had long had a School of Engineering forming part of a Faculty of Applied Science and Technology. The engineering disciplines were civil, mechanical and electrical, and the mechanical courses in particular had been adapted to some extent to meet aeronautical needs. But it was only natural that there remained a demand for a separate department, providing a degree course devised specifically for aeronautical engineers. In the event the Department of Aeronautical Engineering was established in 1956, after close consultation with Short Brothers and Harland, who have given it both generous support and willing co‐operation ever since.