Bernhard Wieder, Peter Booth, Zoltan P. Matolcsy and Maria‐Luise Ossimitz
The purpose of this article is to provide further insights into the adoption of enterprise resource planning (ERP) systems and the impacts on organisational performance. It aims…
Abstract
Purpose
The purpose of this article is to provide further insights into the adoption of enterprise resource planning (ERP) systems and the impacts on organisational performance. It aims at challenging existing claims of ERP vendors with regard to the benefits of their products and at providing evidence of the benefits of bundling ERPS with supply chain management systems.
Design/methodology/approach
A survey was conducted to collect data on several aspects of organisational performance in companies that adopted ERPS and/or SCMS and the respective control groups. Financial key performance indicators were used to measure overall firm performance and the supply‐chain operations reference model to operationalise performance at the business process (supply chain) level.
Findings
The key results contradict the claims of ERPS vendors insofar as no significant performance differences were found between ERPS adopters and non‐adopters, either at the business process level, or at the overall firm level. While it could be confirmed that the longer the experience of firms with ERPS, the higher their overall performance, no evidence was found of a similar effect on business process (supply chain) performance. Only those ERPS adopters that also adopted SCMS achieved significantly higher performance at the business process level.
Originality/value
Despite the small size of the SCMS user sample, the results do provide some important insights into the relationships between ERPS, SCMS and performance which might encourage both researchers and practitioners in that field to critically reflect on the “optimal” mix of modules and software packages within increasingly diverse forms of enterprise systems.
Details
Keywords
Hasan Tutar, Salih Tutar, Batuhan Medetoglu and Muhammed Kalayci
Assessing the performance and stability of financial institutions is crucial for investors, regulators and stakeholders. The primary purpose of this study was to examine the…
Abstract
Purpose
Assessing the performance and stability of financial institutions is crucial for investors, regulators and stakeholders. The primary purpose of this study was to examine the economic resilience and sustainability performance of banks operating in Türkiye through their capital adequacy, asset quality, management quality, earnings, liquidity, and sensitivity to market risk (CAMELS) and environmental, social and governance (ESG) scores. The research examined whether there was a significant relationship between the CAMELS and ESG scores of the banks in the sample and how they affected each other.
Design/methodology/approach
This study analyzed the relationship between the CAMELS and ESG scores of five public and private banks operating in Türkiye. The study used statistical techniques such as correlation, regression and descriptive statistics to analyze the relationship between the CAMELS and the ESG score clusters. The data in the research cover the period 2008–2022 and were obtained from open sources disclosed to the public by the banks.
Findings
The study found a statistically significant relationship between the financial institutions’ CAMELS and ESG scores. Banks with higher CAMELS scores had a better ESG performance; however, this relationship was not linear. Regression analysis allowed for the identification of factors that had a significant impact on ESG scores within the CAMELS framework. No effect was detected on earnings (E), one of the CAMELS elements in the “economic, environmental, and governance elements” section of the banks' ESG scores. Management quality (M) positively affected only governance (G). Additionally, it was determined that the banks’ environmental performance (ENV) positively affected their CAMELS score.
Practical implications
The positive relationship between the CAMELS and ESG dimensions shows that financial sustainability is essential. The findings are expected to enrich the understanding of financial institutions’ resilience in the context of Türkiye, which constitutes the research sample. In addition, the inferences that can be made from this Turkish sample are essential for informing investment decisions, regulatory frameworks and broader stakeholder engagement in similar markets.
Social implications
Although a significant and positive relationship was established between ESG and CAMELS scores, a substantial and positive relationship only sometimes emerged when the sub-elements of the variables in question were examined. Investing in environmental initiatives helps companies build sustainable business models for the long term, paving the way for future profits and improved capital adequacy and liquidity. However, new regulations and practices related to environmental activities may introduce additional costs, necessitating changes to existing business processes.
Originality/value
This study provides important information regarding the interaction in financial institutions between financial stability assessed by CAMELS scores and sustainability performance measured by ESG scores. The findings show that institutions with robust economic fundamentals demonstrate better ESG performance. This indicates that there is a positive relationship between financial stability and responsible business practices. This information will help investors, regulators and stakeholders to make informed decisions about financial institutions, decisions that focus on sustainability. The results also suggest that it is necessary to use dynamic models and analytical tools to address the link between CAMELS and ESG.
Details
Keywords
Sirje Virkus and Emmanouel Garoufallou
The purpose of this paper is to present the results of a study exploring the emerging field of data science from the library and information science (LIS) perspective.
Abstract
Purpose
The purpose of this paper is to present the results of a study exploring the emerging field of data science from the library and information science (LIS) perspective.
Design/methodology/approach
Content analysis of research publications on data science was made of papers published in the Web of Science database to identify the main themes discussed in the publications from the LIS perspective.
Findings
A content analysis of 80 publications is presented. The articles belonged to the six broad categories: data science education and training; knowledge and skills of the data professional; the role of libraries and librarians in the data science movement; tools, techniques and applications of data science; data science from the knowledge management perspective; and data science from the perspective of health sciences. The category of tools, techniques and applications of data science was most addressed by the authors, followed by data science from the perspective of health sciences, data science education and training and knowledge and skills of the data professional. However, several publications fell into several categories because these topics were closely related.
Research limitations/implications
Only publication recorded in the Web of Science database and with the term “data science” in the topic area were analyzed. Therefore, several relevant studies are not discussed in this paper that either were related to other keywords such as “e-science”, “e-research”, “data service”, “data curation”, “research data management” or “scientific data management” or were not present in the Web of Science database.
Originality/value
The paper provides the first exploration by content analysis of the field of data science from the perspective of the LIS.
Details
Keywords
This paper aims to examine whether firms with high information asymmetry disclose more information under a continuous disclosure regime, and, second, the paper examines whether…
Abstract
Purpose
This paper aims to examine whether firms with high information asymmetry disclose more information under a continuous disclosure regime, and, second, the paper examines whether continuous disclosures reduce information asymmetry.
Design/methodology/approach
The study models relations between continuous disclosures and information asymmetry using ordinary least squares regression and two-stage least squares regression.
Findings
The study finds firms with high information asymmetry disclose more information. Further, the study finds that disclosure in the presence of high information asymmetry increases asymmetry. Finally, while bad news increases information asymmetry, the disclosure of firm-specific good and bad news is associated with reduced information asymmetry.
Originality/value
The paper identifies conditions under which Continuous Disclosure Regime increases information in markets and influences information asymmetry.
Details
Keywords
Willoe Freeman, Peter Wells and Anne Wyatt
This paper aims to evaluate the business activities, financial reports, and management compensation practices of Countrywide Financial Corporation (Countrywide) in the period…
Abstract
Purpose
This paper aims to evaluate the business activities, financial reports, and management compensation practices of Countrywide Financial Corporation (Countrywide) in the period preceding the company's financial distress and leading to its eventual takeover by Bank of America in 2008. This analysis provides a number of insights into the risks that Countrywide was exposed to which may guide future research and financial management.
Design/methodology/approach
Case study evaluating the failure of Countrywide Financial Corporation.
Findings
First, Countrywide was highly reliant upon the securitization of mortgage loans to finance its activities and this was apparent in the financial reports. Second, these securitization transactions exposed Countrywide to significant financial risks, including the risk inherent in the uncertain values of residual interests and warrantees. Problematically, these risks were not transparently reflected in the financial reports, as confirmed by the lag in the timing of stock price responses. This untimely market response suggests the equity market was not aware of Countrywide's risk exposures until shortly before the company's solvency crisis. Third, the compensation practices of Countrywide encouraged and rewarded management for exposing the firm to significant risks.
Practical implications
This paper provides insights into financial management that are relevant for researchers and professionals.
Originality/value
This paper provides insights for researchers and practitioners relating to the impact of asset securitization on business risk and how these business activities and risks are disclosed in the financial reports.