The core Faculty members of Rennes School of Business publishes regularly research articles in peer-reviewed refereed journals of high quality. Please find the latest.
Publications in 2022
- Atwal, G., Bryson, D. and Kaiser, M. (2022). The chopsticks debacle: how brand hate flattened Dolce & Gabbana in China. Journal of Business Strategy, Vol. 34 No. 1 2022, pp. 37-43
The purpose of this study is to investigate the development of brand hate based on the case of Italian luxury fashion house Dolce & Gabbana in China. The strategy adopted in this study is a single in-depth case study. Qualitative methods are applied in both the data collection and analysis. The findings identified six distinct stages through which brand hate can develop: awareness, anger, amplification, antagonism, action and apathy. The case is specific to a luxury brand and the Chinese cultural context. Practitioners need to consider how business strategies can be adapted to manage the six stages of the manifestation of brand hate. A “proactive” approach is needed to avoid arousing brand hate, while a “reactive” approach is needed to manage its potential ramifications. There has been a paucity of anti-consumption research within the business strategy literature. To the best of the authors’ knowledge, the focus on China makes this the first study to investigate brand hate within a Chinese cultural contex.
- Guillaume Bagnarosa, Mark Cummins, Michael Dowling, Fearghal Kearney (2022) Commodity risk in European dairy firms, European Review of Agricultural Economics, Volume 49, Issue 1, January 2022, Pages 151–181
We apply a multivariate mixed-data sampling (MIDAS) conditional quantile regression technique to understand the dairy commodity exposure of European dairy firms. Leveraging a theoretically sound hedonic dairy pricing framework, we show that our approach is able to identify both market and operational risk. Profit margins for butter and milk price are particularly important for operational performance. Additional tests are provided, including an application of MIDAS quantile on a period of amplified dairy market risk. Our approach thus allows dairy firms to gain new perspectives on the significant risks posed by the current structure of dairy production in Europe.
- Raouf Boucekkine, Giorgio Fabbri, Salvatore Federico, Fausto Gozzi (2022) Managing spatial linkages and geographic heterogeneity in dynamic models with transboundary pollution, Journal of Mathematical Economics, Volume 98, January 2022, 102577
We construct a spatiotemporal frame for the study of spatial economic and ecological patterns generated by transboundary pollution. Space is continuous and polluting emissions originate in the intensity of use of the production input. Pollution flows across locations following a diffusion process. The objective functional of the economy is to set the optimal production policy over time and space to maximize welfare from consumption, taking into account a negative local pollution externality and the diffusive nature of pollution. Our framework allows for space and time dependent preferences and productivity, and does not restrict diffusion speed to be space-independent. Accordingly, we develop a methodology to investigate the environmental and economic implications of spatiotemporal heterogeneity. We propose a method for an analytical characterization of the optimal paths. An application to technological spillovers is proposed for illustration. We focus on the determination of the optimal short-term spatiotemporal dynamics induced by the resulting non-autonomous problems
- Thomas Conlon, John Cotter, Emmanuel Eyiah-Donkor (2022) The illusion of oil return predictability: The choice of data matters! Journal of Banking & Finance, Volume 134, 2022, 106331
Previous studies document statistically significant evidence of crude oil return predictability by several forecasting variables. We suggest that this evidence is misleading and follows from the common use of within-month averages of daily oil prices in calculating returns used in predictive regressions. Averaging introduces a bias in the estimates of the first-order autocorrelation coefficient and variance of returns. Consequently, estimates of regression coefficients are inefficient and associated t-statistics are overstated, leading to false inference about the true extent of in-sample and out-of-sample return predictability. On the contrary, using end-of-month data, we do not find convincing evidence for the predictability of oil returns. Our results highlight and provide a cautionary tale on how the choice of data could influence hypothesis testing for return predictability.
- Ramzi Hammami, Yannick Frein, Imen Nouira, Abduh-Sayid Albana (2022) On the interplay between local lead times, overall lead time, prices, and profits in decentralized supply chains. International Journal of Production Economics, Volume 243, 2022, 108324
A two-stage decentralized supply chain operates in make-to-order under a stochastic environment. Each stage represents an independent firm that quotes a price and a delivery time to its downstream while satisfying a minimum service level. The mean demand depends on the final price and the overall delivery time quoted to the customers by the whole supply chain. We study three settings. First, the downstream, as a Stackelberg leader, decides its price and controls both delivery times, and the upstream, as a follower, reacts by deciding its own price. Second, the downstream decides its delivery time and controls prices, and the upstream reacts by quoting its own delivery time. Third, the upstream, as a leader, decides its price and controls both delivery times, and the downstream, as a follower, decides its own price. This is the first study to investigate the delivery time quotation and pricing in decentralized supply chains where each firm performs operations and has a delivery time, and the demand is function of both upstream and downstream delivery times in addition to final price. We characterize analytically the optimal strategy under each setting and derive insights into the interplay between local delivery times, overall delivery time, prices, demand, and profits. We investigate how delivery times can be used to coordinate the supply chain and the impact of firms’ capacities.
- Larisa Yarovaya, Roman Matkovsky, Akanksha Jalan (2022) The COVID-19 black swan crisis: Reaction and recovery of various financial markets. Research in International Business and Finance, Volume 59, 2022, 101521
This paper examines and compares financial market reaction and recovery of four broad classes of financial assets – equity indexes, precious metals, 10-year benchmark bonds and cryptocurrencies, to the COVID-19 pandemic. The data set comprises daily observations of close prices in the selected markets from 17-04-2018 to 20-06-2021. Using the Yang and Zhao (2020) and Koenker and Xiao (2004) quantile unit-root tests for return persistence, we find heterogeneity in reactions and recovery patterns not only across asset classes, but also within them. Specifically, we find strong potential for mean reversion in equity markets even at high levels of shocks. While gold offers limited mean reversion, platinum shows very strong resistance to the COVID. Government bonds show small declines in value to the COVID in addition to high persistence. Cryptocurrencies, as a group, turn out to be the riskiest in the long-term, with more than a 50% decline in value coupled with high degrees of persistence. Our results raise questions as to the safe haven characteristics of the newly-popular Bitcoin. Our findings are useful for policy makers and investors through a better understanding of differences in the potential for mean reversion provided by different asset classes.
- Purcarea, Theodor , Valeriu-Ioan Franc, Stefan-Alexandru Ionescu, Ioan-Matei Purcarea, Victor Lorin Purcarea, Irina Purcarea, Maria Cristina Mateescu-Soare Otilia-Elena Platon Anca-Olguta Orzan, “Major Shifts in Sustainable Consumer Behavior in Romania and Retailers’ Priorities in Agilely Adapting to It.” Sustainability (2022), vol. 14, issue 3, 1-51; 1627
The sustainable consumption and integration of digital solutions with respect to sustainable consumption have been encouraged by the new European circular economy action plan. Digital adoption has been accelerated by the COVID-19 pandemic; companies have been challenged to rapidly adapt to the constant evolution of consumer needs and expectations, leading to valuable insights into the advancement of green business practices and a consequent rethinking of their business model. The purpose of this paper is to investigate the major shifts in sustainable consumer behavior on the Romanian retail market within the context of the Green European Deal, and retailers’ priorities in agilely adapting to these significant evolutions. Based on a comprehensive literature review on these major shifts and significant evolutions at the national and international levels, a quantitative study was carried out to evaluate the Romanian retail market and identify the major challenges faced by retailers in dealing with the new set of priorities. The data collection was conducted via a survey used in the retail environment, applied within a Romanian supermarket chain. The Romanian retail sector has a particular configuration, which may have an impact upon the study’s generalizability. Located in Central and Eastern Europe at the crossroads of the EU, the Commonwealth of Independent States (CIS), and the Middle East, Romania is a leading destination for foreign direct investment, and it is recognized for the similarities of its distribution and sales channels, the range of its retail outlets, and the local retail market dominance on the Big Box segment by reputed major retailers. A spectacular evolution is recorded in Romania’s e-commerce market, including from the point of view of the long-standing and memorable traditional relationship between Romania and China which was confirmed more recently by Romanian consumers who prefer to buy online from stores in China. Our consumer research provides retailers with deep consumer insights with regard to their priorities in their agile adaptation. According to our research, Romanian consumers are environmentally concerned consumers, displaying an increased awareness about the important role they play with respect to impacting sustainable production and consumption by adopting green purchase behavior. Our study also points to the fact that retailers, although faced with challenges in targeting consumers with customized messages to reinforce their brand perception on sustainability issues, do pay considerable attention to sustainability as a personal value embraced by consumers and are willing to focus on digitizing their business processes to enable new, sustainable business models
- Mahabubur Rahman, Anisur R. Faroque, Georgia Sakka, Zafar U. Ahmed (2022) The impact of negative customer engagement on market-based assets and financial performance. Journal of Business Research, Volume 138, 2022, Pages 422-435
Negative customer engagement (NCE) has received little research attention. The effect of NCE on market-based assets (i.e. brand equity) and firm performance remains a particularly underexplored topic despite the increasing rates of NCE with brands across a multitude of service industries. This study develops a comprehensive and parsimonious model of the causes and consequences of NCE. In this study, time-series cross-sectional data from the US airline industry and a simultaneous equation modelling technique were used to provide evidence for why some firms experience more NCE than others. The results indicate that airlines with a higher relative marketing capability (RMC) experience fewer NCE incidents in the form of customer complaints. A firm’s relative marketing capability determines the extent to which its customers engage negatively with it. Furthermore, deviating from earlier studies which explored the direct and immediate relationships between the focal variables, this study theoretically argued and empirically demonstrated that brand equity mediates the nexus between NCE and financial performance. That is, the number of NCE incidents a firm experiences affects its brand equity, which in turn impacts its financial performance, as measured by Tobin’s q and market value added (MVA).
- Laurent Scaringella, Anna Górska, Dennis Calderon, Jose Benitez (2022) Should we teach in hybrid mode or fully online? A theory and empirical investigation on the service–profit chain in MBAs. Information & Management, Volume 59, Issue 1, 2022, 103573
Should we teach in hybrid mode or fully online? We examine the teaching model’s role (hybrid versus fully online) in the service–profit chain in higher education institutions using survey data from 93 faculty members and 366 students from three American universities. We find that faculty members’ satisfaction and the MBA program expectations improve MBA word-of-mouth by enhancing the MBA quality, MBA value, class satisfaction, and MBA loyalty. Additionally, we discover that the hybrid teaching model more strongly reinforces this chain of effects than the fully online model. IT creates the integration of differential value into a hybrid teaching style.
- Jabbouri, Rachid , Dirk Schneckenberg, and Yann Truong (2022) From Policy-Practice to Means-Ends Decoupling in Organisations: A Systematic Review and Paths for Future Research. Management International 26 (1) (2022) pp 123-148
Recent developments in the innovation literature suggest that even when an organization truthfully implements the adopted R&D policy, it may still fail to achieve its intended goals, a phenomenon called means-ends decoupling. We employ a systematic literature review to answer the question of “what is the current state of knowledge in the phenomenon of means-ends decoupling in the literature” and “where it can move in the future.” Our paper provides a framework that delineates means-ends decoupling from policy-practice decoupling and identifies the underlying mechanisms that explain when and how means-ends decoupling may occur within an organization’s activities.
- Canan Yildirim & Belma Öztürkkal (2022) Regional Expansion of Emerging Market Banks: Evidence from the Middle East, Journal of East-West Business, 28:1, 30-60
This study investigates challenges and opportunities that regionally expanding emerging market banks face. We focus on four leading Middle Eastern banks’ internationalization trajectories and performances by employing a case study approach. We first examine the four banks’ choices of target markets, entry sequencing, and entry modes over time and then analyze their entry strategies and post-entry financial performances in one of their key markets, Turkey. We show that the success of regional expansion strategies depends on parent bank characteristics such as scale and capital strength, strategic decisions regarding entry mode and timing, and host market structure and competitiveness.
- Sushil Gupta, Martin K. Starr, Reza Zanjirani Farahani, Nasrin Asgari (2022) Pandemics/Epidemics: Challenges and Opportunities for Operations Management Research. Manufacturing & Service Operations Management 24(1):1-23
We reviewed research papers related to pandemics/epidemics (disease outbreaks of a global/regional scope) published in major operations management, operations research, and management science journals through the end of 2019.We evaluate and categorize these papers. We study research trends, explore research gaps, and provide directions for more efficient and effective research in the future. In addition, our recommendations include the lessons learned from the ongoing pandemic, COVID-19. We discuss papers in the following categories: (a) warning signals/surveillance, (b) disease propagation leading to pandemic conditions, (c) mitigation, (d) vaccines and therapeutics development, (e) resource management, (f) supply chain configuration, (g) decision support systems for managing pandemics/epidemics, and (h) risk assessment
- Jie Xiong, Shuyan Zhao, Yan Meng, Lu Xu, Seong-Young Kim (2022) How latecomers catch up to build an energy-saving industry: The case of the Chinese electric vehicle industry 1995–2018, Energy Policy, Volume 161, 2022, 112725
This research identifies how windows of opportunity (WOP) emerge and influence the catching up process of the Chinese electric vehicle (EV) industry between 1995 and 2018 by analyzing technological, institutional, and market demand elements of the WOP. Our case study indicates that government policies play a vital role. Along with the development of Chinese EV industry, government policies evolve from initiation to consolidation and finally reposition. Meanwhile, WOP emerge but diverge in their patterns; from institutional to technological and finally to the market demand WOP. Our study further elaborates the interplay of the above-mentioned three kinds of WOP, which provide feedback to the government authorities and work jointly to facilitate the catching up of Chinese EV industry. Based on the evidence of the Chinese EV industry, we continue the discussion of the emergence and interplays of WOP during the industrial catching up in latecomer countries like China, who is eager to build an energy-saving industry. Our case study provides a fine-grained analysis of policy evolution and its role in opening the different kinds of WOP, which eventually contribute to the successful catching up of a latecomer industry. It also offers new insights for policymakers when building a sustainable system
- Oscar Llopis, Pablo D’Este, Maureen McKelvey, Alfredo Yegros (2022) Navigating multiple logics: Legitimacy and the quest for societal impact in science, Technovation, Volume 110, 2022, 102367
Academic scientists are encouraged to pursue research that delivers both scientific and societal impact. This may involve a search for alternative mechanisms of social approval which lead to endorsement of scientists’ research goals. We explore how scientists mobilise and accumulate different forms of legitimacy, which might favour their participation in practices related to innovation and societal impact. We propose three specific sources of scientific legitimacy: i) scientists’ social networks (research-related legitimacy ties), ii) prominence in the relevant academic community (reputation-based legitimacy); and direct contact with the primary beneficiaries of the research (beneficiary-based legitimacy). To explain scientists’ participation in activities oriented towards innovation and societal impact, we test the significance of each of these sources of legitimacy and their potential interplay empirically, using a large sample of Spanish biomedical scientists
- Mcnamara, Tom; Meloso, Debrah; Michelotti, Marco; Puncheva-Michelotti, Petya (2022) You are free to choose…are you? Organisational punishment as a productivity incentive in the social science literature. Human Relations, Vol. 75(2) 322–348
This article investigates the theoretical and empirical relationships between organisational punishment and productivity. We do so by highlighting the contributions of two academic fields to this topic: management and economics. We underscore the many common theoretical and empirical grounds across management and economics. We heighten, in particular, how motivation and learning theories have contributed to the development of both theoretical and empirical research on this topic. This article also argues that this debate could be significantly advanced if insights stemming from industrial relations and labour process theory were also considered, as these disciplines have traditionally focused on macro-issues such as how changes in the economic/institutional contexts may affect the likelihood that organisations will resort to unishment. In order to foster future research on this topic, three research themes were developed: (a) freedom of choice and the role of contract completeness; (b) perception of punishment, monitoring and productivity; and (c) punishment, productivity and exogenous variables.
- Anisur R. Faroque, Lasse Torkkeli, Hafiza Sultana, Mahabubur Rahman (2022) Network exploration and exploitation capabilities and foreign market knowledge: The enabling and disenabling boundary conditions for international performance. Industrial Marketing Management, Volume 101, 2022, Pages 258-271
This empirical study analyzes how strategic orientations influence the relationships between exploration and exploitation-related networking capabilities, foreign market knowledge, and market performance of 198 internationally operating firms in Bangladesh. The results of hierarchical regression showed that a higher level of network exploration capability and network exploitation capability individually generate greater foreign market knowledge. In addition, our results show that international entrepreneurial orientation reinforces the positive effect of network exploration capability. The positive association between market knowledge and performance, in turn, is accentuated by a proactive export market orientation but attenuated by a responsive export market orientation. These findings suggest that, while both types of networking capabilities are beneficial to develop stocks of foreign market knowledge, firms can acquire and create greater knowledge if they strategically align entrepreneurial orientation with network exploration capability. Further, to use this market knowledge with the goal of improving their position in international markets, firms need to develop a proactive rather than a responsive export market orientation. The current study contributes to the literature on networking capabilities by analyzing firms’ networking capabilities with the lens of exploration-exploitation typologies and incorporating strategic orientations as the contextual factors of such capabilities
- Amirhossein Sadoghi, Jan Vecer (2021) Optimal liquidation problem in illiquid markets. European Journal of Operational Research, Volume 296, Issue 3, 2022, pp 1050-1066
In this research, we develop a trading strategy for the optimal liquidation problem of large-order trading, with different market microstructures, in an illiquid market. We formulate the liquidation problem as a discrete-time Markov decision process. In this market, the flow of liquidity events can be viewed as a point process with stochastic intensity. Based on this fact, we model the price impact as a linear function of a self-exciting dynamic process. Our trading algorithm is designed in such a way that when no favourite orders arrive in the Limit Order Book (LOB), the optimal solution takes offers from the lower levels of the LOB. This solution might contradict conventional optimal execution methods, which only trade with the best available limit orders; however, our findings show that the proposed strategy may reduce final inventory costs by preventing orders not being filled at earlier trading times. Furthermore, the results indicate that an optimal trading strategy is dependent on characteristics of the market microstructure.
- Feng, Chai, Mirza, Sultan Sikandar, Ahsan, Tanveer, Gull, Ammar Ali (2021) The impact of financial flexibility and directors’ academic experience on corporate R&D investments: a quantile regression approach. Applied Economics R&D investments: a quantile regression approach. Applied Economics, 54:17, 1974-1988
This study investigates the impact of financial flexibility and academic experience of a firm’s board on corporate R&D investments in China. It also explores the moderating role of directors’ academic experience on the relationship between financial flexibility and R&D investments. We apply ordinary least square, fixed effects and quantile regression analysis using panel data of 2,195 A-share firms listed on Shanghai and Shenzhen stock exchanges during the period from 2011 to 2018. We find that both financial flexibility and directors’ academic experience promote R&D investments of Chinese non-financial firms. We also observe that directors’ academic experience weakens the positive impact of financial flexibility on R&D investments for firms operating in underdeveloped financial regions, whereas it strengthens the positive impact of financial flexibility on R&D investments for firms operating in developed financial regions. Our quantile regression results suggest that academic experience has a highly significant positive moderating impact on the financial flexibility of lower R&D investment firms relative to high R&D investment firms. These results are robust to alternate proxy of financial flexibility and endogeneity issues due to reverse causality.
- Tanveer Ahsan, Bakr Al-Gamrh, Sultan Sikandar (2021) Corporate Social Responsibility and Firm-Value: The Role of Sensitive Industries and CEOs Power in China. Applied Economics, 54:16, 1844-1863
Using a large panel dataset of 861 listed Chinese firms, the present study investigates whether corporate social responsibility (CSR) affects firm-value. It examines the influence of five CSR dimensions on firm-value. Then, it pinpoints the moderating impact of industry-sensitivity and power concentration of the CEO. In contrast to developed economy’s evidence, the results show an overall negative impact of CSR on firm-value. Looking closer at the dimensions separately, we find a negative impact of most of the CSR dimensions and a positive impact of some other CSR dimensions on firm-value. However, we observe that CSR enhances the value of firms operating in sensitive industries. Similarly, we find that a powerful CEO can also create firm-value through CSR by aligning CSR practices with the firms’ objectives. Our results are sufficiently rigorous to alternate proxies of CSR.
- Canhilal, K., Bakici, T., Canboy, B. (2022) Social Support through Virtual Platforms for Self-Initiated Expatriates: Exploring the Role of Online and Offline Participation. International Journal of Human Resource Management , Vol.33, issue 5, pages: 1005-1036
By combining expatriate social support and online community literature, we explore the role Internet-based expat platforms can play in creating complementary opportunities of interaction leading to informational, emotional and instrumental support for expatriates in the host country. For this purpose, two studies were conducted: 1) a text analysis using computational linguistic methods for 13 500 posts from 45 expat platforms to find evidence of different kinds of social support based on the type of platform; 2) an online survey distributed to gather insights on expatriates’ types of participation and the types of social support they receive. We find that relations generated through virtual platforms – which we call platform contacts – are complementary sources for expatriates to obtain informational, emotional, and instrumental support, the latter two being higher for hybrid participants, i.e. for those who use online and offline features of the platform. This study further presents that expatriates who receive social support from platform contacts also show higher sustained participation, especially if they are hybrid participants. Based on these results, we present a dynamic model with testable propositions and discuss implications.
- Yashar Bashirzadeh, Robert Mai, Corinne Faure (2021) How Rich is Too Rich? Visual Design Elements in Digital Marketing Communications. International Journal of Research in Marketing, Issue #1 Vol 39 (March 2022) pp 58 -76
Companies are increasingly including innovative visual design elements such as animations and pictographs in digital communication. While both elements can be beneficial in exchanges with their customers, we propose that combining them can have negative effects on communication effectiveness. Animations and pictographs enhance digital communication, essentially through increased perceptions of enrichment, but these elements also raise perceptions of clutter. As they enrich a message in unique ways, processing these different types of visual design elements requires distinct cognitive resources such that, when combined, clutter perceptions dominate the recipient’s perceptions and behaviors, thus paradoxically offsetting their positive effects. This interplay may not only undermine message outcomes but even spill over to downstream behavioral outcomes. In a large-scale randomized field experiment in cooperation with a mobile app company, we find that including animations (GIFs) and pictographs (emojis) together damages message outcomes (increasing unsubscriptions) and downstream outcomes (reducing in-app time) compared with what happens when these elements are deployed separately.We elaborate on the processing of the text and visual elements from this field experiment in two lab experiments, including an eye-tracking study. Finally, in two further online studies, we seek to establish whether the proposed mechanisms depend on the number of visuals or the types of pictographs employed.
- Raouf Boucekkine, Giorgio Fabbri, Salvatore Federico, Fausto Gozzi (2022) A dynamic theory of spatial externalities. Games and Economic Behavior, Volume 132, March 2022, Pages 133-165
We characterize the shape of spatial externalities in a continuous time and space differential game with transboundary pollution. We posit a realistic spatiotemporal law of motion for pollution (diffusion and advection), and tackle spatiotemporal non-cooperative (and cooperative) differential games. Precisely, we consider a circle partitioned into several states where a local authority decides autonomously about its investment, production and depollution strategies over time knowing that investment/production generates pollution, and pollution is transboundary. The time horizon is infinite. We allow for a rich set of geographic heterogeneities across states. We solveanalyticallythe induced non-cooperative differential game and characterize its long-term spatial distributions. In particular, we prove that there exist a Perfect Markov Equilibrium, unique among the class of the affine feedbacks. We further provide with a full exploration of the free riding problem and the associated border effect
- Jalan, A., Matkovskyy, R., Poti, V., (2022) Shall the winning last? A study of recent bubbles and persistence. Finance Research Letters, Volume 45, 102162
In this study, we analyze stock market performance of 43 firms that show very large price rises in COVID-19 times for the period 21/11/2019 – 20/1/2021. These cover 6 industries – work-from-home companies, stay-at-home companies, Cryptocurrency companies, Bitcoin companies, Coronavirus Vaccine companies and Coronavirus therapeutics companies. Our results demonstrate the presence of bubbles and persistence patterns
- Chen, Y., Bredin, D., Potì, V., & Matkovskyy, R. (2022). COVID risk narratives: a computational linguistic approach to the econometric identification of narrative risk during a pandemic. Digital Finance, 4: 1; pp 17–61
In this paper, we study the role of narratives in stock markets with a particular focus on the relationship with the ongoing COVID-19 pandemic. The pandemic represents a natural setting for the development of viral financial market narratives. We thus treat the pandemic as a natural experiment on the relation between prevailing narratives and financial markets. We adopt natural language processing (NLP) on financial news to characterize the evolution of important narratives. Doing so, we reduce the high-dimensional narrative information to few interpretable and important features while avoiding over-fitting. In addition to the common features, we consider virality as a novel feature of narratives, inspired by Shiller (Am Econ Rev 107:967–1004, 2017). Our aim is to establish whether the prevailing narratives drive or are driven by stock market conditions. Focusing on the coronavirus narratives, we document some stylized facts about its evolution around a severe event-driven stock market decline. We find the pandemic-relevant narratives are influenced by stock market conditions and act as a cellar for brewing a perennial economic narrative. We successfully identified a perennial risk narrative, whose shock is followed by a severe market drop and a long-term increase of market volatility. In the out-of-sample test, this narrative went viral since the start of the global COVID-19 pandemic, when the pandemic-relevant narratives dominate news media, show negative sentiment and were more linked to “crisis” context. Our findings encourage the use of narratives to evaluate long-term market conditions and to early warn event-driven severe market declines.
- Gao, S., Bagnarosa, G., Dowling, M. Matkovskyy, R. & Tawil, D. (2022) Price transmission in European fish markets. Applied Economics 54:19, 2194-2213
We investigate price transmission in European fisheries markets. To start, we identify clusters of fish species both cross-regionally and within countries. A major issue in the clustering exercise is missing data due to reporting issues and seasonality in landed fish catches. To handle this we implement k-POD clustering which unlike traditional k-means clustering is able to account for missing data in clustering. Next, we move on to our primary goal of investigating price transmission through modelling price volatility spillovers. A missing value VAR framework is applied to identify directional spillovers among fish prices within clusters. We show that the directional volatility spillover effect is more prominent within each country for different species clusters than that for species cross-regionally. This suggests price transmission within localized markets for fish, rather than cross-regional markets for individual species. Although there are some neighbour country effects and some species that appear to be priced cross-regionally. Our study is the first to explore these multiple fish pricing dynamics, particularly taking account of the important issue of missing data which is a notable feature of fish pricing data.
- Faheem Aslam, Khurrum S. Mughal, Saqib Aziz, Muhammad Farooq Ahmad & Dhoha Trabelsi (2022) COVID-19 pandemic and the dependence structure of global stock markets. Applied Economics, 54:18, 2013-2031
In this paper, we examine the changes in the dependence structure of global stock markets amid the outbreak of COVID-19. We divide 56 stock markets into developed, emerging, and frontier markets and study their daily price data from 15 October 2019 to 17 August 2020 using the canonical vine (C-vine) copula approach. We observed significant changes in the dependence structure, the selection of the pair copula families, and the associated parameter estimates in the tree. In developed markets, during the COVID-19, the dependence of markets shifted from the Netherlands to France while the root node position of Hungary replaced the market of Poland. The frontier markets showed strong dependence signs with Mauritius before COVID-19 and Slovenia during the outbreak. Our findings are of interest to regulators and practitioners, particularly in monitoring the value at risk of portfolios and adopting appropriate strategies in light of the varying dynamics of stock markets during extreme events, such as COVID-19.
- José Luis Ferreras-Méndez, Oscar Llopis, Joaquín Alegre (2022) Speeding up new product development through entrepreneurial orientation in SMEs: The moderating role of ambidexterity. Industrial Marketing Management, Volume 102, 2022, Pages 240-251
This paper analyzes the influence of small and medium-sized enterprises’ (SMEs) entrepreneurial orientation (EO) on its capacity to quickly introduce new products to the market (namely, speed to market). Specifically, we suggest that firms will exhibit greater speed to market when displaying either low or high levels of EO. We also suggest that the EO – speed to market relationship will be contingent on firms’ ambidexterity, or its capacity to simultaneously embrace exploratory and exploitative strategies. To test our hypotheses, we collected survey data from 384 SMEs belonging to four sectors in Spain: biotechnology, ceramic tiles, toys and footwear. Our findings confirm the existence of a U-shaped connection between EO and speed to market, and evidence that this curvilinear relationship is accentuated when SMEs exhibit greater ambidexterity.
- Maher A.N. Agi, Ashish Kumar Jha (2022) Blockchain technology for supply chain management: An integrated theoretical perspective of organizational adoption. International Journal of Production Economics, Volume 247, May 2022, 108458
Blockchain technology has been growing in importance and acceptability over the past few years. Yet, there is limited empirical research on the organizational and technology specific factors that play a critical role in driving its adoption in the supply chain. The purpose of this paper is to develop a comprehensive framework for blockchain adoption in the supply chain by identifying the enablers and empirically evaluating their interdependencies and impact on adoption. 20 enablers of blockchain adoption in the supply chain are identified using an extensive literature review and theoretical lenses from the Diffusion of Innovation (DOI) theory and the business technology adoption model developed by Iacovou, Benbassat and Dexter (1995). In the confirmatory phase, we employ the Decision-Making Trial and Evaluation Laboratory (DEMATEL) method to extract logic from data collected from 37 French experts about the impact of the enablers and their interdependencies. Our paper extends the multi-theoretic empirical studies to blockchain technology and identifies the enablers of blockchain adoption from technological, organizational, supply chain and external environment perspectives. Regarding the importance of the categories of enablers, we find that the relative advantage of the technology and the external pressure are the most prominent categories of enablers that impact blockchain adoption in the supply chain. Our analysis also shows the important causal role on adoption of the potential of blockchain to reduce transaction cost, the consumer interest in traceability data and the establishment of a regulatory framework for blockchain usage
- Yasir Shahab, Ammar Ali Gull, Asad Ali Rind, Aitzaz Ahsan Alias Sarang, Tanveer Ahsan (2022) Do corporate governance mechanisms curb the anti-environmental behavior of firms worldwide? An illustration through waste management. Journal of Environmental Management, Volume 310, May 2022, 114707
This study investigates whether waste management, including waste generation and recycling, affects firm performance. Using a panel of 14,601 firm-year observations from 41 countries from 2002 to 2019, we find a significantly negative (positive) relationship between waste generation (recycling) and firm performance. Our findings are robust to alternative measures of waste management and firm performance, sub-sample analysis, and alternative econometric specifications. Further, our results are robust to different identification strategies. Finally, our channel analysis shows that the negative (positive) relationship between waste generation (recycling) and firm performance is stronger in firms offering no environmental, social, and governance (ESG) based compensation. However, the relationship varies with the level of firms’ environmental orientation, and we observe insensitivity of the relationship regardless of firm-level governance quality. Our study presents important policy implications for regulators and firms
- Imen Nouira, Ramzi Hammami, Alina Fernandez Arias, Natacha Gondran, Yannick Frein (2022) Olive oil supply chain design with organic and conventional market segments and consumers’ preference to local products. International Journal of Production Economics, Volume 247, May 2022, 108456
Recent market studies showed that the demand for organic and local agrifood products is increasing despite their higher prices. The agribusiness actors should therefore rethink the supply chain configuration to cope with new market trends characterized by the rise of the organic segment and the increase of consumers’ preference to more local products. This study focuses on the olive oil sector and proposes a mixed-integer non-linear optimization model for the design of olive oil supply chains while incorporating organic and conventional market segments and considering, for each segment, a supply chain proximity- and price-sensitive demand. The model is developed with the collaboration of olive oil producers in the Mediterranean area. Thanks to this industrial collaboration, we account for real-world practices and constraints and apply the model to a realistic case study. We first linearize the model and show that it can be efficiently solved with commercial optimization softwares. Based on numerical experiments, we derive a series of managerial insights that are applicable to the considered case study, some of them are not intuitive. For instance, we show that an increase in consumers’ preference to more local products may lead the producer to offer products with a more global supply chain. The conventional product variety may be produced with a more local supply chain than the organic (premium) variety. Finally, offering a mix of organic and conventional varieties instead of only one variety would lead to implementing a more local supply chain.
- Wang. J, Hamammi. H, Anaam. O (2022) “Does the power of negotiation influence audit fees? Evidence from the Chinese context” International Journal of Economics and Accounting, Vol 11, N1, pp 1-19.
This paper aims to test the impact of negotiation power between auditors and audited companies, in relation to audit fees. The study found that there is a significant positive relationship between auditors’ power of negotiation and the audit fees. In addition, it found that there is a significant negative relationship between the size of the audited companies, their negotiating power and the audit fees. These findings indicate that when companies negotiate with Big4 audit firms, their bargaining power does not have a significant effect on the audit fees. Nevertheless, if the auditor is not one of the Big4, there is a significantly negative relationship between the company’s bargaining power and audit fees. The relationship therefore changes according to the size of a company. If a company is large, there will be a negative relationship with the audit fees. However, if it is a small company, the relationship is not significant.
Publications in 2021
- Mohammad Asghari, S. Mohammad J. Mirzapour Al-e-hashem (2021) Green vehicle routing problem: A state-of-the-art review. International Journal of Production Economics, Volume 231, January 2021, 107899
As energy overuse and generated pollution have a potential threat to our environmental and ecological conditions, many researchers have taken the initiative way to join the green campaign to prevent more damage to the environment. This paper investigates the main contributions related to the green vehicle routing problem (Green- VRP) and presents a classification scheme based on its variants considered in scientific literature, in particular, three major and applicable streams including internal combustion engine vehicles (ICEVs), alternative-fuel powered vehicles (AFVs), and hybrid electric vehicles (HEVs), and also several sub-categories for each of them. This systematic literature review intends to provide a comprehensive and structured survey of the state of knowledge and discuss the most important characteristics of the problems, including techniques of formulation, solution methodologies, and areas of application. This paper presents different analytical summary tables for each variant to emphasize some main features that provide the direction of the development of researches. Finally, to spot future avenues, gaps in the literature are distinguished to illustrate how new contributions are different from traditional problems
- Ahsan, Tanveer and Muhammad A. Qureshi. (2021) The nexus between policy uncertainty, sustainability disclosure and firm performance. Applied Economics, Volume 53, Issue 4, pp. 441-453
Policy uncertainty (PU), and sustainability disclosure, influence the performance of the firms. We use European data to extend the nascent literature on sustainability disclosure, and economic policy uncertainty by investigating the moderating impact of sustainability disclosure on the relationship between economic policy uncertainty and firm performance. We find overwhelming evidence that policy uncertainty reduces firm performance; however, sustainability disclosure moderates this destructing impact of policy uncertainty on firm performance. Our results show that environmental and social disclosure by the European firms enhances their reputation and help these firms in reducing the policy-induced uncertainty. A higher governance disclosure representing efficient corporate governance also help European firms to moderate the negative effect of policy uncertainty on their performance. Our results are robust to alternate proxies of firm performance as well as endogeneity issues.
- Öncü Hazır, Maher A. N. Agi & Jérémy Guérin (2021) An efficient branch and bound algorithm for smoothing the workloads on simple assembly lines, International Journal of Production Research, Volume 59, Issue 2, pp. 617-634
In this study, we develop a branch and bound solution algorithm to solve the workload smoothing problem. Our algorithm incorporates new formulas for dynamically computing a lower bound on the optimal value of the objective function and for determining the earliest workstations for tasks. It also uses a fast heuristic for computing a good initial upper bound. A comprehensive experimental analysis is conducted in this study. The analysis demonstrates the outstanding performance of the algorithm and its efficiency in solving medium-sized workload smoothing problems.
- Yann Truong, Hamid Mazloomi, Pascual Berrone.(2021) Understanding the Impact of Symbolic and Substantive Environmental Actions on Organizational Reputation. Industrial Marketing Management. 92 (2021) 307–320
Research in corporate environmental practices has shown that stakeholders impose coercive and normative forces that drive firms to perform environmental protection actions. However, limited attention has been placed on how different constituents of stakeholders value the firm’s environmental actions. By focusing on industry peers as a constituent of stakeholders, we examine how the firm’s environmental actions impact its reputation. Based on institutional theory and signaling theory we propose that symbolic environmental actions negatively affect reputation, whereas substantive actions improve firm’s reputation among its peers. Building on the notion of signaling process, the authors also observe that a firm’s reporting practices moderate positively the negative effect of symbolic actions. Data from a sample of 213 publicly traded firms operating in polluting industries from 2006 to 2013 support these results. The findings emphasize the danger of using symbolic actions to signal environmental commitment in a context of high-involvement information search and opportunistic behaviors.
- C. Alexakis, M. Dowling, K. Eelefteriou and M. Polemis. Textual machine learning: An application to computational economics research. Computational Economics, 57 (1), pp. 369–385 (2021)
We demonstrate the benefit to economics of machine learning approaches for textual analysis. Our use case is a machine learning based structuring of research on computational economics based on 1160 articles published in the Computational Economics journal from 1993 to 2019. Our Latent Dirichlet Allocation approach, popular in the computer sciences, use a probabilistic approach to identify shared topics across a body of documents. This combines natural language processing of article content with probabilistic learning of the latent (hidden) topics that link groups of articles. We show that this body of research can be well-described by 18 overall topics and provide a structure for computational economists to adopt this approach in other avenues.
- Rahman, M., Lambkin, M., Shams, S.M.R. (2021). Cross-border mergers and acquisitions: Impact on marketing capability and firm performance. Journal of General Management, Volume 46, Issue 2, pp. 129-143
Emerging country firms have been increasingly engaging in cross-border mergers and acquisitions, and these acquirers predominantly acquire firms from developed countries. The motivation for such acquisitions is to achieve market access but also to benefit from transfers of cross-border managerial skills and knowledge. The performance of such acquisitions has started to receive some research attention, particularly financial performance, but the transfers to other areas such as marketing have not yet been explored. This article addresses this gap by studying the experience of 34 acquirers from emerging countries which acquired firms in developed countries. This study uses two-stage window data envelopment analysis (DEA) and Tobit regression to investigate the impact of these acquisitions on the marketing capability and overall firm performance of the acquiring firms. The results show that the marketing capability of the acquiring firms did improve in the post-merger years and this improvement can be partly attributed to the acquisition. The findings also show that the overall performance of the acquiring firms improved following acquisition, but this is a continuation of superior performance from the pre-merger years rather than a synergistic gain from the acquisitions.
- Zou, Z, Farnoosh, A, McNamara, T. (2021) Risk analysis in the management of a green supply chain. Strategic Change. 2021; 30: 5– 17.
In order to implement or maintain a green supply chain (GSC) that produces goods and services responsibly and sustainably, supply chain managers should use tools that allow for the efficient identification, quantification, and mitigation of the ever-present risks. The objective of the present research is to identify the risk factors associated with the processes involved in GSC management. Based on an analysis of the characteristics of GSC risk, the authors put forward a list of risk design principles and a risk criteria evaluation system for a GSC. Gray relation analysis method was then used to clarify the degree of connection between certain supply chain risk factors and select key risk factors. Finally, Back Propagation Artificial Neural Network (BP-ANN) method was used to determine the risk level associated with a GSC. The determination of risk level will help companies to develop effective strategic management initiatives in a GSC environment.
- Matkovskyy, R., Jalan, A., Dowling, M., Bouraoui, T. (2021) From bottom ten to top ten: the role of cryptocurrencies in enhancing portfolio return of poorly performing stocks. Finance Research Letters, Volume 38, January 2021, 101405
This study attempts to analyze the ability of the top 10 cryptocurrencies in enhancing portfolio returns of the 10 worst-performing stocks in the S&P600, S&P400 and S&P100 indexes, to match those of the 10 best-performing stocks therein. Applying probabilistic utility approach with different algorithms and time horizons, we find that addition of cryptocurrencies to traditional stock portfolios adds value in terms of enhancing returns. This is consistent with the growing literature on the hedging properties of cryptocurrencies against traditional financial assets.
- Ahsan, T., Mirza, S.S., Al-Gamrh, B., Bin-Feng, C. and Rao, Z.-U. (2021) How to deal with policy uncertainty to attain sustainable growth: the role of corporate governance. Corporate Governance, The International Journal Of Business In Society. Vol. 21 N. 1 2021, pp. 78-91
The purpose of this study is to investigate themoderating impact of corporate governance (CG) on the relationship between economic policy uncertainty (EPU) and the sustainable growth (SG) ofChinese firms. The study collects data of 975 Chinese non-financial listed firms for the period from 2010 to 2017. The study measures SG using a comprehensive index based on nine financial indicators and applies industry and year fixed effects regression to investigate the direct and moderating impact ofCG on the relationship between EPU and SG of Chinese firms. The results of the study explain that EPU negatively affects SG, while concentrated ownership, board independence and board gender diversity (BGD) positively contribute to the SG of the Chinese firms. The results also explain that concentrated ownership and BGD reduce the negative impact of EPU on the SG of the Chinese firms. The study considers only non-financial firms; therefore, the results of this study cannot be generalized for financial firms. Future research can be carried out while considering financial firms as a unit of analysis. The investigation of the negative impact of policy uncertainty on SG is essential for the government and policymakers to devise policies to reduce uncertainty. The investigation of the moderating effect of CG enriches the literature on corporates’ response to policy uncertainty. It provides valuable insights for corporates regarding CGmechanisms to attain SG. To the best of the authors’ knowledge, this is the first study that investigates the moderating impact ofCG on the SG of Chinese firms using an index-basedmeasurement of SG.
- McNamara, T., Shaaban, S., Sbihi, A. and Laarraf, Z. (2021) The Operating Behaviour of Unbalanced, Unpaced Merging Assembly Lines, RAIRO – Operations Research, Vol 55, N° 1, pp 99-113.
Unbalanced assembly line research has grown in importance because of its increasing applications in emerging economies, reverse logistics and remanufacturing. This paper examines the performance of numerous simulated patterns for reliable unbalanced manual merging assembly lines. The contribution of this study to the literature is that imbalance does not always negatively impact efficiency and that it can improve merging line performance when compared to a corresponding balanced merging line. The best performance was found to be a balanced line configuration and a monotone decreasing order for both parallel merging lines, with the former generally resulting in a lower throughput and the latter resulting in a lower average buffer level than that of a balanced line.
- Md Akhtaruzzaman, Waleed Abdel-Qader, Helmi Hammami, Syed Shams (2021) Is China a source of financial contagion? Finance Research Letters, Volume 38, 2021, 101393
The study examines the role China plays compared with the US in transmitting contagion to South Asia. Trade intensity, economic downturns, and negative net equity capital outflows positively influence dynamic conditional correlations between South Asian and US/Chinese financial stock returns. Chinese and US financial firms transmitted more spillovers than they received during the global financial crisis. Results are robust to the use of USD or local currency returns, and the alternative specification of the Diebold–Yilmaz model. The role of Chinese financial firms in transmitting shocks to South Asia may be of interest to policymakers, regulators, and other market participants.
- Bryson D, Atwal G, Hultén P, Heine K. (2021) Antecedents of luxury brand hate: A quantitative study. Strategic Change, Volume 30, Issue 1, Special Issue: Anti‐consumption and brand hate, January 2021, pp 35-43
This study analyses the relationships of the antecedents of “extreme negative affect” toward luxury brands. The results show that the first-order predictors of luxury brand hate were negative stereotypes of people who use the luxury brand, consumer dissatisfaction with the brand, and negative word-of-mouth. The following three strategic approaches: (a) proactive, (b) neutral, and (c) reactive can be considered as a template to address the causes and implications of brand hate
- Jang, S., Farajallah, M., Kevin Kam Fung So (2020) The effect of quality cues on Travelers’ demand for Peer to Peer ridesharing: a neglected area of the sharing economy . Journal of Travel Research, Volume: 60 issue: 2, page(s): 446-461
The emergence of the sharing economy has had a tremendous impact on the tourism industry; however, few quality management mechanisms exist for shared tourism services. Based on unique data of 52,248 transactions collected from BlaBlaCar, the world’s leading ridesharing platform, this study examines the independent and combined effects of quality cues on travelers’ demand for peer-to-peer ridesharing services. The findings suggest that intrinsic cues (product reputation and seller reputation) and extrinsic cues (relative price and offer duration) are decisive in increasing demand, and their combined effects can be positive or negative. In addition, analyses of the heterogeneous effects of intrinsic and extrinsic cues across seller segments clarify how consumers evaluate product quality using information from multiple cues. These findings contribute to the literature on tourism and marketing by providing new insights into the design of competitive product offers in the sharing economy.
- Pankov, S., Velamuri, V.K. & Schneckenberg, D. (2021) Towards sustainable entrepreneurial ecosystems: examining the effect of contextual factors on sustainable entrepreneurial activities in the sharing economy. Small Business Economics, 56 (3), pages1073–1095
This paper seeks to expand our understanding of sustainable entrepreneurial ecosystems by investigating the interrelation between contextual factors and sustainable entrepreneurial activities of sharing ventures. While the sharing economy is considered as a potential pathway to a more sustainable society,; ambiguous activities of some sharing ventures call the credibility of sharing as a sustainable concept into question. In order to shed light on the underlying cause of the ambiguity, we conducted 37 in-depth interviews with founders and senior managers of sharing ventures. Our comparative analysis identifies two distinct sets of contextual factors, which influence their sustainable activities. The first set of contextual factors enhances sustainable activities by enforcing the adaptation of behavioral rules and by enabling the development of organizational capabilities. The second set of contextual factors restricts sustainable activities by impeding market penetration and by suppressing growth. We contribute to theorizing about sustainable entrepreneurial ecosystems by delineating the conjoint effect of contextual factors on sustainable activities. Furthermore, our results add insights into the controversial academic debate about the sustainability dimension in the sharing economy.
- Liu, Y., and Hu, H. 2021. Online Review Helpfulness: The Moderating Effects of Review Comprehensiveness. International Journal of Contemporary Hospitality Management Volume 33 Issue 2 pp. 534-556
Consumers’ evaluation of online review helpfulness has been widely examined. The extant literature suggests that the attributes of review content (e.g. review length and extremity) influence review helpfulness. However, review length cannot fully reflect the richness of the review content. Anchoring on information diagnosticity and extremity bias, this study aims to explore the effect of review comprehensiveness on its helpfulness. Field observations were obtained from 11,812 online restaurant reviews on a popular restaurant review platform. A controlled experiment was conducted to further delineate the effect of review comprehensiveness. Review comprehensiveness moderates the effects of review length and an extremely negative review on helpfulness. It also confirms that for reviews of the same length, one covering more aspects is perceived by consumers as more helpful. Different aspects of information in a review can efficiently assist decision making. The results suggest that review platforms can better design their interface by providing separate areas for different product aspects. The platform can then receive more comprehensive and helpful reviews and increase the diagnosticity of these. The study enriches the literature by introducing review comprehensiveness and examining the joint effects of review length and comprehensiveness on helpfulness. It also contributes to the literature by indicating how to reduce the effect of review extremity.
- La Rocca, A., & Snehota, I. (2021). Mobilizing suppliers when starting up a new business venture. Industrial Marketing Management, Volume 93, February 2021, Pages 401-412
Prior research has shown that new ventures can complement their capabilities and extend their limited internal resources by drawing on suppliers. Yet, our knowledge of the supplier mobilization process in new ventures is limited. In this paper, we take a relational perspective on the mobilizing process, which entails investigating the scope for mobilizing suppliers in new ventures and new ventures’ attractiveness to suppliers. Drawing on three new venture cases, we posit that for new ventures the scope for mobilizing suppliers: 1) ranges from the use of suppliers for the procurement of well-defined existing inputs to the co-development of various resources and capabilities with suppliers; 2) varies across ventures, reflecting the new venture’s distance to market; and 3) depends on the supplier’s assessment of the new venture’s attractiveness as a customer. We also argue that the attractiveness of new ventures as customers to the suppliers is based on elements that differ from those found in studies of ongoing businesses, and include: 1) stimuli to innovate and develop new competencies, 2) reputational benefits and prestige, and 3) personal satisfaction.
- Razm, S., Dolgui, A., Hammami, R., Brahimi, N., Nickel, S., Sahebi, H.(2021) A Two-Phase Sequential Approach to Design of Bioenergy Supply Chains under Uncertainty and Social Concerns. Computers & Chemical Engineering, Volume 145, February 2021, 107131
The use of renewable energies has become very attractive, because it protects the environment and boosts regional development. In this paper, a sustainable two-phase sequential approach is proposed for the design of bioenergy SCs under uncertainties. The first phase, integrating geographical information, social aspects, and multi-criteria decision-making techniques, helps find appropriate locations for the bio-refineries. High rates of unemployment, and high vulnerability to the variation in the markets in an economic crisis are considered as social concerns. Integrating these factors filters the areas for the second phase. The first phase reduces complexity in the computation of the problem and helps set up sustainable development in the supply chain. In the second phase, to cope with the uncertainties in the bioenergy supply network, a robust model is introduced. It reduces the sensitivity to inaccurate input data, and the obtained solutions stay optimal when the parameters change slightly. In order to validate this two-phase sequential approach, a case study is investigated. The results of tests show that integrating the concepts of uncertainties and sustainability with geographical information of the area in a two-phase sequential approach outperforms the traditional models and leads to the creation of 262 jobs. The jobs have a high impact on the surrounding area.
- Lin, W., Shao, Y., Li, Guiquan., Guo, Y., & Zhan, X. (2021). The psychological implications of COVID-19 on employee job insecurity and its consequences: The mitigating role of organization adaptive practices. Journal of Applied Psychology, 106(3), 317–329.
The current study aims to understand the detrimental effects of COVID-19 pandemic on employee job insecurity and its downstream outcomes, as well as how organizations could help alleviate such harmful effects. Drawing on event system theory and literature on job insecurity, we conceptualize COVID-19 as an event relevant to employees’ work, and propose that event strength (i.e., novelty, disruption, and criticality) of COVID-19 influences employee job insecurity, which in turn affects employee work and non-work outcomes. We also identified important organization adaptive practices responding to COVID-19 based on a preliminary interview study, and examined its role in mitigating the undesired effects of COVID-19 event strength. Results from a two-wave lagged survey study indicated that employees’ perceived COVID-19 event novelty and disruption (but not criticality) were positively related to their job insecurity, which in turn was positively related to their emotional exhaustion, organizational deviance, and saving behavior. Moreover, organization adaptive practices mitigated the effects of COVID-19 event novelty and criticality (but not disruption) on job insecurity. Theoretical and practical implications are discussed.
- Romain Espinosa, Gregory DeAngelo, Bruno Deffains, Murat Mungan, Rustam Romaniuc (2021) The price of expungements. International Review of Law and Economics, Volume 65, March 2021, 105976
Expungement mechanisms allow first-time offenders to seal their criminal record. Theory predicts that the stigma of a criminal record can hinder the reintegration of criminals for whom legal activities are less lucrative. In theory, expungements priced at the reservation level can facilitate the reintegration of criminals without making first-time crime more attractive. This paper considers a behavioral perspective and offers experimental evidence about the impact of expungements priced at different levels. To do this, we set up a laboratory experiment where subjects repeatedly face opportunities to commit crime (takemoney from another subject). In addition to stochastic formal sanctions – imposed by the experimenter– we introduce endogenously determined social sanctions. In our main treatments of interest, subjects who choose the wrongful action have the opportunity to expunge their record prior to the second stage, thus avoiding social sanctions as long as they do not recidivate. Overall, our experiment shows that, from a general deterrence perspective, it is better to implement expungements at very high prices. We offer an explanation for this result based on the idea that the price of expungements may signal the moral reprehensibility of the offense.
- Picot Coupey, K., Krey, N., Huré E., Ackermann, C.-L. (2021) Still work and/or fun? Corroboration of the hedonic and utilitarian shopping value scale. Journal of Business Research, Volume 126, March 2021, Pages 578-590
One of the most applied value scales in research is personal shopping value (PSV) by Babin, Darden, and Griffin (1994). PSV assesses consumers’ shopping experiences along hedonic and utilitarian value. The purpose of this research is the corroboration of the original article and the PSV scale to investigate the impact of the past 25 years on the scale’s dimensionality and item composition. The corroboration mirrors the original store environment, while an extension additionally considers two contemporary shopping environments: online websites and mobile apps. Results across six studies confirm shopping value’s two-dimensional structure of work and fun. However, individual items capturing hedonic and utilitarian value deviate from original PSV scale items in number and nature for current stores, online, and mobile apps environments. Researchers and practitioners should exhibit caution to blindly administer or adapt measures without considering temporal or contextual aspects of the scale that limit its applicability.
- Alexakis, C., Vasilis Pappas, Manolis Skarmeas (2021) Market abuse under different close price determination mechanisms: A European case. International Review of Financial Analysis 74 (March 2021) 101707
We examine the presence and the severity of closing price manipulation across two regulatory shifts in the close price determination mechanism in the Athens stock exchange. First, we assess the transition from a value-weighted average price (VWAP) method to a plain-vanilla closing call auction method (CCAM). Second, we examine the effectiveness of additional features of CCAMs in deterring closing price manipulation. We use tick level data with full investor details for a group of highly traded stocks. Our results suggest that the CCAM managed to reduce – but not eliminate – closing price manipulation. CCAMs with additional anti-manipulation features are not effective in eliminating closing price manipulation either. Manipulation is dynamic and investors quickly adapt to new circumstances and opportunities; post-CCAM implementation sell-based closing price manipulation has increased, while part of the manipulation activity has shifted to the reference price formation.
- Jalan, A., Matkovskyy, R., Aziz, S.. (2021) The Bitcoin options market: A first look at pricing and risk. Applied Economics, Volume 53, Issue 17, pp. 2026-2041
This paper offers the first-ever look at Bitcoin options by investigating the wedge between optimum Bitcoin option prices based on classical option valuation models (Black-Scholes-Merton and the Heston-Nandi GARCH (1,1)) and actual premiums at which these options are trading. For this purpose, we use near-the-money call and put options traded on Deribit platform as on 27.01.2020, with the maturities ranging from January 31 to 25 September 2020. In addition, we analyse the risk inherent in Bitcoin options by calculating their Greeks and comparing them to those of traditional commodity options. Pricing results suggest slight overpricing and underpricing for Bitcoin call options with the strike $8,000 maturing on 30.01.2020 and 28.02.2020, respectively. We also find that the Bitcoin options provide much stable deltas over time compared to the other commodity options. This result implies higher insulation from undue price rises with the passage of time for investors in Bitcoin options. Our results are useful to regulators, investors and market managers in better understanding the nuances of the Bitcoin options market in addition to making more informed investment choices.
- C. Alexakis, K. Eleftheriou and M. Polemis (2021) COVID-19 containment measures and stock market returns: An international spatial econometrics investigation. Journal of Behavioral and Experimental Finance. Volume 29 (March 2021) 100428
We investigate the impact of governments’ social distancing measures against the novel coronavirus disease 2019 (COVID-19) as this was reflected on 45 major stock market indices. We find evidence of negative direct and indirect (spillover) effects for the initial period of containment measures (lockdown).
- Franssens, Botchway, de Swart and Dewitte (2021) Nudging commuters to increase public transport use: a field experiment in Rotterdam. Frontiers in Psychology. Volume 12, 633865
A large-scale field experiment in Rotterdam, Netherlands, tested whether nudging could increase public transport use. During one work week, 4000 commuters on six bus lines, received a free travel card holder. On the three bus lines in the experimental condition, the card holders displayed a social label that branded bus passengers as sustainable travelers because of their bus use. On the three bus lines in the control condition, there was no such message on the card holders. Analysis of the number of rides per hour showed that the intervention led to a change from pre-intervention (619 days) to postintervention period (176 days) that was estimated to be 1.18 rides per day greater on experimental lines than on control lines. This experiment shows that public transport operators can increase public transport use by incorporating messages that positively label passengers as sustainable travelers in their communication strategies.
- Wu, Jiang , Jingxuan Cai, Robert Luo, and Jose Benitez (2021) How to increase customer repeated bookings in the short-term room rental market? A large-scale granular data investigation. Decision Support Systems and Electronic Commerce 143 (April 2021) 113495
The short-term room rental online platforms have boomed in the era of digital business acceleration, as they offer excellent opportunities for interactive behavior between host and guests. However, pursuing customer repeated bookings is a challenge on these platforms. How to increase customer repeated bookings in the short-term room rental market? We examine theoretically and empirically this crucial research question. Drawing on the theoretical foundations of the social interaction theory, we identify and study three host-guest interactions that can affect customer repeated bookings: overall interaction, individual interaction, and offline interaction. We conduct a combination of empirical methods, including text mining and econometrics, using longitudinal data of 36,072 order records and review contents from 5002 listings and 2181 hosts in six cities Xiaozhu.com, which is a prevalent short-term room rental services provider in China. We find that overall host-guest interaction (online reply rate, acceptance rate, confirmation time) and individual host-guest interaction (the existence of individual interaction, absolute text length, and text similarity) increase customer repeated bookings. We also discover that offline host-guest interaction is a substitute for the effect of individual interaction (existence, text length, and similarity) on customer repeated bookings.
- Erfan Asgari, Ramzi Hammami, Yannick Frein, Imen Nouira (2021) The effect of greenness- and price-based competition on a product’s environmental performance. International Journal of Production Economics, Volume 234, April 2021, 108062
This study considers two retailers that offer substitutable products and compete in a greenness- and price-sensitive market. The retailers rely on supply chains that have different costs, replenishment times and carbon intensities. The demand is stochastic, and the inventory replenishment time is also stochastic. Each retailer decides the greenness of its product (carbon intensity), the price and the order size to maximize its expected profit under a service level constraint. The mean demand for each retailer decreases in its price and carbon intensity and increases in other retailer’s price and carbon intensity. The customers’ switchovers are, thus, governed by disparities in carbon intensity and price. The retailers may have different market powers since the total demand is not necessarily equally shared between them when they offer the same price and greenness level. We derive analytically the best response of each retailer to other retailer’s decisions at the Nash equilibrium. We determine the market conditions that lead the competing retailer to offering a greener or a dirtier product than the product it would have offered in a monopolistic situation. We explain how the retailer’s market power impacts on its greenness strategy under different market conditions. We also investigate insights into the impact of disparities in transportation carbon emissions, the order size decisions, and the retailers’ optimal profit under the different competition scenarios.
- Espinosa, R., Treich, N. (2021) Animal welfare: antispeciesism, veganism and a “life worth living”. Social Choice and Welfare, Volume 56, Issue 3, pp 531–548
While antispeciesism is an ethical notion, veganism is behavioral. In this paper, we examine the links between the two. Building on Blackorby and Donaldson (EconJ 102:1345–1369, 1992), we consider a two-species model in which humans consume animals. The level of antispeciesism is conceived as the weight on animals’ welfare in the utilitarian social welfare function. We show that more antispeciesism increases meat consumption if and only if animals’ utility is positive. That is, the critical condition is whether farm animals’ lives are worth living. We then empirically explore this condition using a survey. We find that farm-animal experts and frequent meat eaters are more likely to believe that the lives of farm animals are worth living. We finally discuss some issues in the study of animal welfare in economics and social choice.
- Hudson S. and Descubes I. (2021) Ten years on: National context and legitimacy changes in French managers’ perceptions of CSR 2007-2017. Management International, Volume 25, Issue 2, pp. 1-16
We investigate how managers in French companies report their engagements and motivations regarding corporate social responsibility (CSR) in 2007 and 2017. We conducted and analysed 14 in-depth structured interviews with managers in 2007 and again in 2017. Thematic analysis shows that in 2007, managers focused on instrumental motivations for CSR, citing economically driven artefacts and pro-environmental efforts. In 2017, most managers reported increased and reinforced environmental and social engagements with a parallel shift in the expression of their motivations, seeing CSR as a responsibility to society and future generations, or as a normal, natural activity.
- Shen Li Hong, Khan H, Hammami. H (2021) An Empirical Study of Lenders’ Perception of Chinese Online P2P Lending Platforms. Journal of Alternative Investments, Volume 23 Issue 4 Spring 2021, pp 152-175
Online peer-to-peer (P2P) lending volume has rapidly increased in China because of high financing and investment demands. However, high borrowing default and fraud rates have negatively affected Chinese online P2P lending because of its unique financial and unde¬veloped credit systems. They have prompted the Chinese government to issue regulations on Internet finance behavior to support online P2P lending. This research investigates online P2P lenders’ investment perceptions to understand investment intention related to online P2P lending. The research model is based on planned behavior theory. A ques¬tionnaire on attitudes collected data from voluntary participants; the data were analyzed with confirmatory factor analysis and structural equation modeling. The findings show that lenders’ attitudes, behavioral controls, and subjective norms—and those three constructs’ antecedents, except relative advantages—have a positive and significant influence on lend¬ers’ online P2P lending intentions.
- Jad H. Bazih, Dieter Vanwalleghem (2021) Deriving value or risk? Determinants and the impact of emerging market banks’ derivative usage. Research in International Business and Finance, Volume 56, Issue 1, April 2021, 101379
This paper examines the determinants of the emerging market banks’ derivative usage and the impact of derivative usage on bank value, total risk and bank stability. Our empirical evidence first suggests that derivative usage is driven primarily by net interest margin, bank concentration and institutional strength. In addition, although derivative usage appears to reduce emerging market bank value, it does not affect total risk. Moreover, emerging market banks can reduce bank instability using derivatives. Our findings have important implications for investors and policy makers focusing on emerging derivatives markets.
- Teichert, T., Wörfel, P. and Ackermann, C.-L. (2021). Casual snacking as an automatic process: a grounded cognition framework. British Food Journal, Vol. 123 No. 5, pp. 1705-1721.
Snacking typically occurs as an automatic, consciously uncontrolled process which can lead to unintended health consequences. Grounded cognition informs about the multifaceted drivers of such automatic consumption processes. By integrating situation-, stimulus-, and person-specific factors, this study provides a holistic account of snacking. A combined psychophysiological and behavioral experiment is conducted wherein participants can casually snack chocolate while participating in a survey setting. Implicit cognitions are assessed with the Implicit Association Test. The percentage of consumed chocolate serves as dependent variable in a Tobit regression with predictors at situation, stimulus and person level. Findings – Chocolate snacking is positively influenced by personal craving tendencies, implicit food associations and situational contingency. We condense the results into an overarching framework in line with grounded cognition literature. The multidimensional framework can guide consumer protection efforts to reduce excessive snacking habits based on situation, stimulus and person. This study integrates theory from social cognition, consumer research, and behavioral food research and, thereby, extends the existing body of knowledge on grounded cognitions underlying snacking consumption.
- Oscar Llopis, Pablo D’Este, Adrián A. Díaz-Faes (2021) Connecting others: Does a tertius iungens orientation shape the relationship between research networks and innovation? Research Policy, Volume 50, Issue 4, 104175
Research on social networks and innovation emphasizes that individuals spanning structural holes and crossing institutional boundaries have more opportunities for knowledge recombination and innovation involvement. However, transforming the potential knowledge and resources available through personal networks to attain innovation can be difficult for the focal individual. Using an ego-network approach, this study examines whether and to what extent an individual strategic orientation to cooperation (i.e. tertius iungens) contributes to strengthening the relation between two personal network properties (structural and institutional separation) and involvement in innovation. Our analysis is conducted in the context of biomedicine, where research networks are particularly relevant for science and innovation achievements. Our findings advance social network theory by decoupling social network mechanisms from individual strategic networking behavior as factors influencing knowledge generation processes. Results also provide original evidence on an overlooked phenomenon: the moderating role of a tertius iungens orientation in the relationship between multiple social network properties and innovation. Finally, our research sheds new light on the distinct sources of knowledge recombination in networks and the role of individual networking strategies to facilitate mobilization of resources for innovation.
- Dowling, M., Hammami, H., Tawil, D., Zreik, O. (2021) Structuring energy economics research for impact. Energy Journal, The, Vol. 42, May 2021, No. 3., pp 29-52
We explore the drivers of impact for energy economics research based on an anal¬ysis of citations generated by The Energy Journal articles. The focus is on non-topic generators of impact. Our regression analysis shows that these non-topic measures can explain a substantial proportion (about 20%) of variation in future citations. We apply these findings, integrated with prior research on effective economics writing style, to recommend how energy economics articles should be written to increase their impact. These recommendations center particularly around the importance of initial article information provided to the reader and article structure.
- Ruixue Zhang, Anran Li, Yaping Gong (2021). Too much of a good thing: Examining the curvilinear relationship between team‐level proactive personality and team performance. Personnel Psychology. Volume 74, Issue 2, Summer 2021, pp.295–321
Research has largely shown a positive linear relationship between proactive personality and job performance at the individual level. However, it remains unknown whether the same relationship holds at the team level. In this research, we propose and test a curvilinear relationship between team mean level of proactive personality and team performance. We also examine team potency and team cohesion as the explanatory mechanisms and the dispersion of proactive personality as a boundary condition for the relationship. We conducted two studies to test these ideas. In Study 1, we collected data from 93 teams in four companies from different industries. In Study 2, we collected data from 101 nursing teams in three hospitals. We found a curvilinear relationship between team mean level of proactive personality and team performance in Study 1 and replicated it in Study 2. We further demonstrated in Study 2 the moderating role of dispersion of proactive personality and the mediating role of team potency and team cohesion, respectively, in this curvilinear relationship. The positive trend of the curvilinear relationship is strengthened (weakened) when the dispersion of proactive personality is high (low). The negative trend is mitigated under high dispersion of proactive personality but is not significant under low dispersion of proactive personality. Practically, managers must be aware that team mean level of proactive personality benefits team performance only up to a certain point
- Pankov, S., D. Schneckenberg, D. & V.K. Velamuri (2021). Advocating sustainability in entrepreneurial ecosystems: Micro-level practices of sharing ventures. Technological Forecasting and Social Change, 166, 120654
While extant research on entrepreneurial ecosystems has focused on macro-level factors influencing the ecosystem’s development, the role and impact of entrepreneurial practices have been neglected. The objective of this study is to address this research gap and to shed light on the micro-level practices of entrepreneurs who support sustainability transitions in entrepreneurial ecosystems. Our inductive study looks at these micro-level practices from the perspective of sustainable ventures situated in the sharing economy. We conducted 31 in-depth interviews with the founders and senior managers of sustainable ventures to investigate how they advocate the sustainability cause in their ecosystem. Our findings show that sustainable entrepreneurs rely on three distinct sets of micro-level practices: building a supportive environment, disrupting normative standards, and reframing the sustainability paradigm. Also, sustainable entrepreneurs engage in political work to strengthen their position and credibility in the sharing economy, which is being increasingly dominated by profit-oriented players and business practices. By substantiating the central role and micro-level practices that sustainable entrepreneurs enact to advocate sustainability, our study contributes to theorizing the sharing economy. Furthermore, our resultant framework provides a detailed overview of the distinct micro-level practices that help ventures to support the sustainability transition in entrepreneurial ecosystems.
- Nicolas Lenoble, Ramzi Hammami and Yannick Frein (2021) Fixed and Rolling Batching for Order Picking from Multiple Carousels. Production Planning and Control, Volume 32, 2021 – Issue 8, pp 652-659
The carousel is an important automated storage and retrieval system. Customer orders to be collected from carousels are grouped into batches and the orders of a batch are collected simultaneously. We study two batching methods for picking from multiple carousels: (i) fixed batching, where all orders belonging to a batch are collected before the next batch is started, and (ii) rolling batching, where each time an order belonging to the current batch is completed, it is immediately replaced by a new order. For these methods, the main decision is respectively to allocate orders to different batches and to define a sequence for adding orders into batches. With the objective of minimising the total completion time, we develop models for fixed and rolling batching. Thanks to our collaboration with the company KLS Logistic Systems, we use real data to test and prove the efficiency of our models. With comparison to current batching strategies of real companies and to benchmark heuristics, our models yield a considerable time saving. Our findings also indicate that an increase in order size favours the rolling batching over the fixed batching. The models developed in this paper have been implemented and are currently being used in practice
- Md Abubakar Siddique, Md Akhtaruzzaman, Afzalur Rashid, Helmi Hammami (2021) Carbon disclosure, carbon performance and financial performance: International evidence, International Review of Financial Analysis, Volume 75, 2021, 101734
This study examines how carbon performance affects carbon disclosure and how carbon disclosure affects financial performance. With a sample of global firms, the study analyses how relationships between carbon disclosure, carbon performance and financial performance vary in institutional contexts. Our results show that carbon disclosure positively affects carbon performance, consistent with the signalling theory. We find that carbon disclosure negatively (positively) affects financial performance in the short-term (long-term). Our findings have significant implications for investors as some firms use carbon disclosure as part of impression management. Our results help regulators to monitor carbon disclosure and assist investors with investment decisions.
- de Kervenoael, R, Schwob, A, Hasan, R, Ting, YS (2021) Consumers’ perceived value of healthier eating: A SEM analysis of the internalisation of dietary norms considering perceived usefulness, subjective norms, and intrinsic motivations in Singapore. Journal of Consumer Behavior, Volume 20, Issue 3, pp.550–563
Consumers’ internalisation of social norms is at work when they make routine, healthier food choices in everyday contexts. We investigate the dynamics of this phenomenon in Singapore, where over 98% of consumer food products are imported. To study this, we propose, through a consumer perspective (n = 316) via Partial Least Squares Structural Equation Modelling (PLS-SEM), a model that establishes a positive relationship between perceived usefulness, subjective norms, and intrinsic motivations and the perceived value of healthier food. Subjective norms are themselves found to be a function of perceived barriers, facilitating conditions and personal innovativeness. Our framework contributes to establish a shift in the drivers of healthier food choices toward a more socio-culturally grounded decision-making approach that is particularly relevant to understand food consumption. We show that daily food routines (opposing the exceptional healthy food item) are encapsulated in perceived value of healthier eating. The data indicates further that to support healthier food product consumption, both policy makers and food providers must facilitate imported foods that meet quickly changing lifestyle requirements.
- Atwal G, Bryson D (2021) Antecedents of Intention to Adopt Artificial Intelligence Services by Consumers in Personal Financial Investing. Strategic Change, Special Issue: Artificial intelligence in finance, Volume 30, issue 3, May 2021, pp 293-298
Antecedents of intention to adopt artificial intelligence and robo-advisory services from the German private investors’ perspective may guide future adoption behavior. This paper raises the question to what extent German investors’ is willing to use robo-advisory services instead of a human advisor to manage their investments. The exploratory study identified the following constructs that impact the intention to use artificial intelligence to invest: perceived risk, perceived usefulness, perceived ease of use, social influences, and intention to use. Findings from this study can help inform marketers when developing strategies to foster awareness and the adoption of roboadvisors.
- Glyn Atwal, Douglas Bryson, Alistair Williams (2021) An Exploratory Study of the Adoption of Artificial Intelligence in Burgundy’s Wine Industry. Strategic Change, Special Issue: Artificial intelligence in finance, Volume 30, issue 3, May 2021, pp 299-306
The objective of this exploratory study is to identify which factors enable or inhibit artificial intelligence adoption within the wine sector and specifically for the Burgundy region. Findings revealed that the winegrower’s adoption intention could be assessed according to (a) perceived benefits, (b) organizational readiness, and (c) external pressure
- Castillo, A., Benitez,J., Llorens, J., Luo Xin (2021) Social media-driven customer engagement and movie performance: Theory and empirical evidence. Decision Support Systems, Volume 145, Issue 1, 113516
Can social media-driven customer engagement help movie producers to increase movie sales? Movie producers use social media to boost customer engagement; however, our understanding of whether there is a relationship between pre-consumption customer engagement and movie sales is limited. This research explores what drives the success of movies on the opening-weekend. We examine the relationship between pre-consumption customer engagement driven by social media (i.e., personal and interactive engagement) and movie performance (i.e., opening-weekend box office revenues). Driven by the debate about the potential capacity of social media-driven customer engagement to improve movie performance and the limited understanding of the association of pre-consumption customer engagement and movie performance, this research suggests that social media-enabled customer engagement (i.e., personal and interactive engagement) has the potential to improve movie performance, and these two types of engagement can interact to make this effect stronger. We analyze these relationships drawing from the uses and gratifications theory and the social media affordances perspective that motivate customers to interact in social media. The theoretical model evaluation was tested on a unique and original dataset composed of 966 movies released in the U.K. and Spain. The empirical analysis suggests that personal and interactive engagement are positively related to movie performance, and the positive effects of personal and interactive engagement on movie performance are mutually reinforcing. This research contributes to Information Systems (IS) research by theorizing and empirically showing how customer engagement driven by social media creates business value by improving movie performance.
- Dirk Schneckenberg, Jose Benitez, Christoph Klos, Vivek K. Velamuri, Patrick Spieth (2021) Value creation and appropriation of software vendors: A digital innovation model for cloud computing, Information & Management, Volume 58, Issue 4, June 2021, 103463
Do software vendors propose, create, and capture value in the era of digital transformation? Drawn on the literature of business models, digital innovation, and firms’ capabilities, we examine this cutting-edge research question. We conducted a multiple case research of 10 software vendors operating in Germany and Austria. The thematic analysis yields a conceptual model that explains whether and how software vendors leverage cloud computing-enabled innovation for the digital boost, which is this study’s primary contribution to information systems research. Software vendors use a complementary portfolio of information technology and organizational capabilities to innovate in their value proposition, creation, and capture.
- Hammami, R., Frein, Y., Albana, A.S. (2021) Customer rejection to guide lead time quotation and pricing decisions. Journal of the Operational Research Society, 72(6), 1358-1372
The lead time (LT) quotation and pricing models in make-to-order environments usually assume that all arriving orders are accepted. Hence, despite the loss of demand, the firm must quote a relatively long LT to tackle the situations where there are too many waiting orders. This paper investigates the policy of accepting orders based on the state of the system and, consequently, rejecting customers when the number of waiting orders is larger than a given threshold value. Indeed, if there are less than K jobs in the system (K fixed), then the new order is accepted and a pair of LT and price are quoted to the customer. Otherwise, the order is rejected. Thus, we model the firm’s operations as a M/M/1/K queue instead of the commonly-used M/M/1 queue. We determine the optimal solution for K = 1 and solve the problem numerically for K ≥ 2. We show that our policy can be more profitable than the all-orders acceptance policy. We provide insights into when should a K be imposed and how such a K should be chosen. We find that the higher the sensitivity of demand to price or to LT is, the lower the optimal value of K.
- Agi, M., Faramarzi-Oghani, S., Hazir, O. (2021) Game theory-based models in green supply chain management: a review of the literature. International Journal of Production Research, 59:15, pp 4736-4755
This paper provides a systematic review and analysis of the game-theroy-based research in Green Supply Chains Management (GSCM). Based on a rigorous content analysis of 108 papers carefully selected from the literature, we present a detailed picture of the current state of this research and point to the promising future directions. Our analysis shows a rapid increase in the number of publications during the last three years, with an imbalance in the contribution of the publishing outlets, as nearly two third of the reviewed papers are published by only four journals. Results also show the dominance of deterministic static models and simple two-level SC structures. Developing stochastic models, considering the risk and the evolutionary nature that inherently characterise the business environment and investigating more complex multi-level SC structures are among the promising future research opportunities.
- Matkovskyy Roman and Jalan Akanksha (2020) Can Bitcoin be an inflation hedge? Evidence from a quantile-on-quantile model., pp. 1021-1041 Revue Economique (Economic Review), Volume 2021/07, pp. 1021-1041
In this study we quantify and analyze the dynamic dependence between US, eurozone, UK and Japan Bitcoin market returns and realized and unexpected inflation, conditional on different market states and various nuances of inflation. Using a Quantile-on-Quantile regression, we investigate the hedging properties of Bitcoin against inflation, thereby offering a fresh look at the return-inflation puzzle from the point of view of alternative investments. We find that while bullish UK, Euro and Japanese Bitcoin markets facilitate hedging against inflation by offering higher returns, the USD Bitcoin market performs worse with inflation. In general, our results indicate an asymmetric relationship between inflation, both realized and unexpected, and alternative investments such as the Bitcoin market.
- Belboula, I., Ackermann, C.-L. (2021) Consumer response to service brand physical elements: Using a semantic priming task to explore implicit understanding of service brand meaning. Journal of Retailing and Consumer Services, Volume 61, July 2021, 102019
Consumers’ responses to design features involve both conscious and non-conscious information processing. The current research therefore argues that a combination of explicit and implicit measures should be used to assess consumer understanding of service brand meaning conveyed by a service brand’s physical elements. However, most methods traditionally used to evaluate design meaning are explicit methods, based on conscious cognitive processes. The current research addresses this gap by documenting how understanding of service brand meaning conveyed by a service brand’s physical elements can be tapped by an implicit measure. More specifically, it aims to investigate the extent to which a greater ability to decode meaning conveyed by design features results in differences in implicit understanding of service brand meaning. This research uses a Semantic Priming Task to assess associative strength between brand meaning and a service brand’s physical elements. Results (N ¼ 157) show that command of the design language, captured by design acumen and involvement in the product category, results in greater ability to implicitly understand brand meaning conveyed by a service brand’s physical elements, and moderates the implicit-explicit relationship. Results suggest that combining implicit and explicit measures may help practitioners in charge of creating brand’s physical elements, especially when associations between design types and brand impressions are not constant across product categories.
- Zhang, Y., Li, J., Liu, C.-H., Shen, Y. and Li, G. (2021) The effect of novelty on travel intention: the mediating effect of brand equity and travel motivation. Management Decision, Vol. 59 No. 6, pp. 1271-1290
Research on the relationship between novelty and travel intention is lacking. This study attempts to fill this gap by developing a theoretical model to explain how novelty influences travel intention through two mediating paths: brand equity and tourist motivation. In this study, data were collected from 466 foreign visitors to Taiwanese night markets. To test the model, the authors applied structural equation modeling (SEM) to identify the critical attributes that predicted foreign tourists’ travel intentions. The SEM analysis indicated that novelty in tourism management was related to brand equity and intrinsic motivation, which increased foreign tourists’ travel intentions and offered advantages for highly competitive, high-density night markets in Taiwan. In addition, brand equity was an important mediator that connected novelty and tourists’ travel intentions. Finally, novelty indirectly affected travel intention and intrinsic motivation through brand equity. There may exist potential moderators in the relationships among the brand equity and travel intention categories. Future research studies could explore whether any moderators influence the relationship mechanisms examined in this study. This research expands on previous research studies that have focused on the value of travel intention. Furthermore, the study uses brand equity theory (BET) and the theory of planned behavior (TPB) to examine the mediating effect of intrinsic motivation on the relationship between novelty and travel intention.
- Abdulsalam Alquhaif, Bakr Al-Gamrh, Rohaida Abdul Latif, Sitraselvi Chandren (2021) Board independence tenure and real earnings management: accretive share buyback activities in Malaysia. International Journal of Business Governance and Ethics. Vol. 15, No. 3, 2021, pp 266-284
This study examines the impact of tenure in independent directors and audit committees on accretive share buybacks for real earnings management. Taking a sample of 601 non-financial firms listed on Bursa Malaysia from 2010 to 2015, we use a tobit model to test our hypotheses, where real earnings management is proxied by accretive share buyback. We find a significant effect of the tenure of outside directors on accretive share buyback. Firms with long-serving independent board directors are more likely to undertake real earnings management through accretive share buyback. Evidence is also found that firms with audit committees including long-serving members are more likely to engage in share buyback to maximise reported earnings per share (EPS) for earnings management. Finally, a high percentage of independent directors on audit committees restrain managers from utilising accretive share buyback to manage reported EPS.
- M. Hemmati, S.M.J. Mirzapour Al-e-Hashem, S.M.T. Fatemi Ghomi (2021) Heuristic analyses of separate and bundling sales for complimentary products under consignment stock policy, Computers & Industrial Engineering, Volume 157, 2021, 107297
In the real world, various products are displayed simultaneously on the shelf; therefore, their demands/prices affect each other. This paper aims at studying a joint economic lot-sizing model with two complementary products in a supply chain consisting of a vendor and a buyer. The vendor sends items to the buyer’s warehouse in equal-size batches applying vendor-managed inventory with consignment stock policy. The buyer stocks items at the warehouse and on the shelf. Two mixed-integer nonlinear models that consider bundling and separate sales have been proposed and solved through different solution algorithms such that the profit is maximized. The concavity of both models’ objective functions is investigated and the effect of considering complementation between products and bundling strategy is studied. Numerical experiments indicate that the bundle’s marginal profit is greater than a single product’s marginal profit. Moreover, the supply chain members can also take advantage of economies of scale in bundling sales.
- Fayaz Ali, Muhammad Z. Tauni, Ayaz Ali, Tanveer Ahsan (2021) Do buyer–seller personality similarities impact compulsive buying behaviour? Journal of Consumer Behavior, Special Issue: Contemporary Personality Perspectives in Consumer Behaviour, Volume 20, Issue 4, July/August 2021, pp. 996-1011
This study investigates the influence of buyer–seller personality similarities on compulsive buying behaviour in a dyadic setting. To provide insights into the gaps in previous research, we collected both buyer and corresponding seller data, and considered sellers’ personalities. Specifically, using difference score analyses and variance-based structural equation modelling, we analysed 1038 buyer–seller dyads in service encounters. Compared with the effects of individual buyers’ personalities on compulsive buying, the combined personality results showed that buyer–seller agreeableness similarities increase the compulsive buying behaviour of agreeable buyers. On the other hand, buyer–seller similarities in openness and neuroticism reduce compulsive buying. A further analysis showed that buyer–seller interactions mediate the effect of their extraversion and openness similarities on compulsive buying, while buyers’ shopping enjoyment mediates the effect of their extraversion and neuroticism similarities on compulsive buying. Overall, compulsive buyers have interpersonally different buying behaviours when their personalities match (differ) with their corresponding sellers’. Thus, marketers can match agreeable buyers with similar sellers to promote sales, while dissimilar sellers should be complemented with openminded and neurotic buyers, in particular, to reduce losses.
- Xie, Y., Meng, Y., Xiong, J., Xu, L. and Yan, J. (2021). Non-profits and the environment in China: struggling to expand their franchise. Journal of Business Strategy, Vol. 42 No. 4, pp. 257-267
Environmental non-governmental organizations (ENGOs), one of the major forces in environmental protection, have developed rapidly in the past few years, especially in developing countries such as China. This paper aims to reveal how the ENGOs select their focuses, specifically if they only concentrate on one focus or on contexts in which they obtain various focuses and the motivations behind their choosing strategies. The current research interviewed 103 leaders of ENGOs covering every province in mainland China and adopts existing theories of NGOs alongside diversification strategy from a management perspective. The results showed that most Chinese ENGOs now tend to be diversified but face different challenges. This research highlights the importance of ENGOs’ resources and capacities in facing current challenges and suggests directions to improve their diversification strategy. This research adds value to the research of environmental NGOs and gives suggestions to environmental NGO practitioners, in particular to those in emerging markets.
- Hudson, S. and Gonzalez-Gomez, H.V. (2021). Can imposters thrive at work? The imposter phenomenon’s role in work and career outcomes. Journal of Vocational Behavior, Volume 128, August 2021, 103601
This paper examines the effect the impostor phenomenon (IP) on short-term emotions (shame) and performance (creativity and organizational citizenship behavior- OCB) at work, and on career outcomes. Previous research shows direct detrimental effects of IP on some short-term performance measures, but effects on creativity and OCB remain under-researched, and no work has investigated any career effects. Through an experimental approach (Studies 1 and 3) and an online vignette (Study 2) using working populations, we find that IP is expressed as shame in response to simulated and recalled real work events. Shame mediates the negative effect of IP on creativity, and its positive effect on OCB, and mechanistic organizational structure exacerbates the negative shame-creativity relationship. Furthermore, Study 4 uses a survey design to reveal that IP relates negatively to external employability and career success. Drawing on conservation of resources theory, we suggest that IP and shame deplete resources such that impostors suffer reduced ability to perform well at work in the short-term, with negative consequences for career success.
- Espinosa, R. and Treich, N. (2021). Moderate Versus Radical NGOs†. American Journal of Agricultural Economics.Volume103, Issue 4, August 2021, pp 1478-1501
NGOs often vary in terms of how radical they are. In this paper, we explore the effectiveness of NGO discourses in bringing about social change. We focus on animal advocacy: welfarist NGOs primarily seek to improve the conditions in which animals are raised and reduce meat consumption, whereas abolitionist NGOs categorically reject animal use and call for a vegan society. We design an experiment to study the respective impact of welfarist and abolitionist discourses on participants’ beliefs regarding pro-meat justifications and their actions, namely their propensity to engage in the short run in animal welfare (charity donation, petition against intensive farming) and plant-based diets (subscription to a newsletter promoting plant-based diets, petition supporting vegetarian meals). We first show that both welfarist and abolitionist discourses significantly undermine participants’ pro-meat justifications. Second, the welfarist discourse does not significantly affect participants’ actions, although we detect a potential backlash effect of the abolitionist discourse. We show that the NGOs’ positive standard effect on actions through the change in beliefs is outweighed by a negative behavioral response to the discourses (reactance effect). Last, greater public-good contributions are associated with greater engagement in animal welfare in the presence of an NGO discourse.
- Hunjra. A, Kijkasiwat. P, Arunachalam. M, Hammami. H (2021) Covid-19 health policy intervention and volatility of Asian capital markets. Technological Forecasting and Social Change, Volume 169, 120169
The Covid-19 pandemic continues to disturb the global economy and capital markets. Governments across the globe relentlessly enact health policy measures to contain coronavirus and undertake economic relief programs to reduce the impacts on their economies. This paper examines the effects of Covid-19 government health measures on the volatility of capital markets in East Asian economies. The study applies Monte Carlo type simulations to determine stock price volatility over the period when health policy measures were implemented. The findings indicate that different health policy measures have affected investors’ behavior and caused volatility of stock markets. However, there are country-different impacts on the volatility of these capital markets. The findings provide important insights that are useful when reviewing Covid-19 health policy measures to mitigate the impacts on stock markets.
- Zhao, S., Xiong, J., Kim, S.-Y., Xu, L. and Yan, J. (2021) When bike-sharing crashed in China: a bumpy ride. Journal of Business Strategy, Vol. 42 No. 5, pp. 295-303
Buoyed by the desire to reduce carbon dioxide emissions and develop sustainable urban transportation, the dockless bike-sharing industry boomed in China during 2017–2018. To the surprise of the stakeholders, this industry dramatically ebbed in 2019. The dockless bike-sharing system deviated from a problem-solver to a troublemaker in a very short period. The oversupplied and excessively discarded shared bikes caused a big waste of resources and serious pollution to the environment. In this paper, the decision-making of the key players of the industry, i.e. business operators, investors, customers and government, is analyzed through the lens of the cognitive bias. This paper aims to illuminate the process of how this innovative transport solution turned to a disastrous ending, which caused damage to urban environment and financial loss to investors. In this study, a qualitative analysis based on the rich secondary data sources is conducted. A rich amount of qualitative data including news reports, government policies, consulting reports and companies’ annual reports etc. were collected. The study shows, in the product introduction period, the government, business operators, investors and consumers fell into the cognitive bias. They over focused on the positive side such as high-tech, eco-friendly, convenient image of the dockless bike-sharing solution. Thereby, the key stakeholders made irrational decisions in product adoption and management. This study moves toward increasing key stakeholders’ awareness of the imperative to reduce these biases when promoting eco-innovations. This study also recommends a prudent attitude with a rational and comprehensive thinking style in dealing with eco-innovation and the emerging sharing economy. To solve the cognitive biases, this study recommends that people use rational decision-making style to examine and adopt the dockless bike-sharing solutions. Practical recommendations to tackle the existing recycling crisis of the dockless bike-sharing industry are also discussed.
- Jiang, R.J., Xiong, J., Ding, Y. and Parameswaran, R. (2021) To wait or not to wait: pacing international expansion in China for best results. Journal of Business Strategy, Vol. 42 No. 5, pp. 343-350
How to enter and expand in a newly emerged foreign market is less understood. Should multinational enterprises move fast or slowly? In this study, the authors take China as the context to investigate what factors will lead to a fast expansion strategy in a foreign market. The purpose of this paper is to understand whether fast expansion benefits firms’ performance in a rapidly emerging market. Based on insights from field interviews, the authors developed a theoretical framework. Then, the authors collected data from surveys of managers of multinational enterprises from Western countries to test their hypothesis. This research context is based on the experience of multinational enterprises in China which opened up to foreign direct investment in 1979. This study shows that internally, strategic long-term investment goals, top management team commitment and externally switching costs and the growth in the demand market which will push firms to expand fast in the newly emerged China market. Faster pace of expansion benefits the performance of multinational enterprises in a newly emerged market. Based on the onsite interviews followed by the survey of top managers of multinational enterprises located in China, this study provides a fine-grained analysis of the importance of pace and its key antecedents. Thus, the results provide new insights to decision-makers of multinational enterprises when considering expanding in an emerging market at its early stages of growth.
- Iwasaki, S.; Franssens, S.; Dewitte, S.; Lange, F.(2021) Evaluating the Effect of Framing Energy Consumption in Terms of Losses versus Gains on Air-Conditioner Use: A Field Experiment in a Student Dormitory in Japan. Sustainability 2021, 13, 4380
Promoting energy conservation in university dormitories is challenging because student residents are typically charged a flat utility fee. One possibility to curb excessive energy use in the absence of monetary incentives is to highlight the environmental consequences of energy use. However, it is still largely unknown how these consequences should be communicated to effectively change people’s behavior. In the present study, we analyzed the effect of framing the environmental consequences of energy use in terms of losses versus gains on the air-conditioner use of student residents of a Japanese university dormitory. A total of 330 students were provided with stickers to attach to the air-conditioner remote control in their dormitory room during the winter term. The stickers conveyed that increasing the temperature will hurt the environment (loss frame), that reducing the temperature will protect the environment (gain frame), or that changing the temperature will affect the environment (neutral frame). Day-to-day variations in objective air-conditioner use data were analyzed as a function of experimental condition to examine the effect of message framing. The change in air-conditioner use from pre-intervention to intervention period did not differ between experimental groups and neither did the change from pre-intervention period to a period after the intervention
- Christos Alexakis, Michael Dowling, Vasileios Pappas, Manimozhi Ramachandiran, Favianos Skalvos (2021) Do hotel financial factors influence satisfaction? Annals of Tourism Research, Volume 90, 2021, 103128
We investigated how hotel customers’ satisfaction is influence by the financial performance of the hotels. We extracted the satisfaction ratings from Trip Advisor for 3,4 and 5 star hotels in Greece. Financials wee extracted from hotels’ financial statements. Our findings show that the hotels in each star category have different financial profiles and attract different customer satisfaction ratings. 5-star hotels attract the highest customer satisfaction score and also have greater asset investment, more beds, and higher revenue/bed. In terms of expenses, the 5-star hotels have higher cost of goods sold, and lower administration and selling expenses as a proportion of revenue. Lastly, there is a lower prevalence of swimming pools in 5-star hotels, perhaps partially reflecting the business focus as opposed to tourism focus of these hotels.
- Jalan, A., Matkovskyy, R., Urquhart, A. (2021) What effect did the introduction of Bitcoin futures have on the Bitcoin spot market? The European Journal of Finance, Volume 27 issue 13, pp. 1251-1281
Bitcoin futures were introduced in December 2017 and this was seen by some as a sign of the most popular cryptocurrency finally being accepted by the financial community. In this paper, we examine the impact of the introduction of Bitcoin futures on the Bitcoin spot market in terms of five characteristics – returns, volatility, skewness, kurtosis and liquidity, using a Bayesian diffusion-regression (state-space) structural time-series model. Our results indicate that the introduction of bitcoin futures potentially exerted a downward impact on the USD bitcoin spot market return and skewness and an upward one on volatility, kurtosis and liquidity, which became higher after futures were introduced. Therefore, our paper offers important insights for investors and regulators, while providing some guidance as to the potential impact of futures markets on other cryptocurrencies.
- Gonzalez-Gomez, Helena V., Hudson S. and Aude Rychalski (2021) The psychology of frustration: Appraisals, outcomes and service recovery. Psychology and Marketing 38(9), 1550-1575
This study fills a gap in the consumer emotions literature regarding customer frustration in a customer service setting. Most research on customer emotions has examined anger, happiness or affect in general, largely ignoring the particularities of frustration. Consistent with appraisal theory, we use five experiments to explore the different appraisal dimensions that define frustration and its relation to customer loyalty and satisfaction. Contrary to common belief, we show that frustration is not simply the result of goal‐blocking, but rather of a more complex combination of appraisals which differentiate it from anger and lead to distinct effects on satisfaction and loyalty. We also examine how the effects of frustration on loyalty and satisfaction are mitigated by service recovery in a further experiment and an event reconstructive method. Our results test appraisal theory, inform theory on customer emotions and have important implications for our understanding of customer satisfaction and loyalty following frustrating customer service encounters
- Saqib Aziz, Dawood Ashraf, Rwan El-Khatib (2021) Societal trust and Sukuk activity. Journal of International Financial Markets, Institutions and Money, Volume 74, sept 2021, 101384
Sukuk investments require investors and issuers to adhere to subtle moral and ethical standards beyond following mere profit maximization objectives. Investor trust manifested through the level of societal trust could be vital in the global Sukuk investment surge. This study investigates the relationship between the societal trust level and Sukuk activity. It employs a global sample of Sukuk issuances spanning over 2001–2019 and finds that a country’s societal trust level significantly and positively influences the amount of Sukuk issued. Moreover, this positive effect supersedes the negative effects of higher information asymmetry associated with equity-based Sukuk or Sukuk issued by risky firms. Ultimately, trust is both a deterrent and critical for Islamic finance success.
- Ezzedine Ghlamallah, Christos Alexakis, Michael Dowling, Anke Piepenbrink (2021) The topics of Islamic economics and finance research. International Review of Economics & Finance, Volume 75, September 2021, Pages 145-160
We provide a comprehensive structuring of research on Islamic economics and finance into the core topics of the area, for the period 1979 to 2018. This is carried out through a probabilistic topic modeling approach that allows statistical learning of the connection between research articles as well as their shared topics. This approach, which blends machine learning and natural language processing, helps provide a comprehensive structure to the literature. Our topic modeling analysis is conducted on approximately 1500 articles and suggests the Islamic economics and finance literature can be well-described by 11 topics. These topics cover economic, finance, and morality issues. Our research can be applied to provide a clear structure for ongoing research agendas in Islamic economics and finance as well as a framework for understanding research development in this area. We also note the differences between Islamic and conventional approaches to economics and finance research in order to highlight the inherent new contributions of this maturing area of research.
- Z. Umar, S. Aziz and D. Tawil (2021) The impact of COVID-19 induced panic on the return and volatility of precious metals. Journal of Behavioral and Experimental Finance. Volume 31, September 2021, 100525
We use TVP-VAR approach to analyze the connectedness between the COVID-19 induced global panic index (GPI) and precious metals return and volatility. We find evidence of positive connectedness between the GPI and precious metals with GPI being a shock transmitter and precious metals, especially gold, being net receivers. While silver shows the highest resistance to shocks, platinum and palladium present a time varying transmission pattern. Our results refute the safe-haven property of precious metals during the COVID-19 outbreak, with the exception of silver.
- Dermot Breslin, Johan Kask, Michael Schlaile, Gianpaolo Abatecola (2021) Developing a coevolutionary account of innovation ecosystems. Industrial Marketing Management, Volume 98, 2021, pp 59-68
Whilst research in innovation ecosystems has focused on the connectivity, interdependence, and coevolution of actors, technologies, and institutions, there has been a gap in the study of these relationships between actors, with little explanation given on how mutually interdependent parties adapt. In this paper, we draw further on the ecological metaphor to present a view of innovation ecosystems as complex adaptive systems, where patterns of change emerge from microlevel coevolutionary interactions between actors. Drawing on this view, we explore related implications for our understanding of ecosystem boundaries, coevolutionary rules of interaction, and how ecosystems are energized through innovation. Specifically, we contribute to the literature by developing a novel account of innovation ecosystems where actors are bound together through changing modes of coevolution. Drawing on this account, we explore key theoretical and practical implications for our understanding of ecosystem actors, rules of interaction, and the wider innovation ecosystem. We conclude that innovation both maintains and drives change within the innovation ecosystem, by altering the microlevel rules of interaction and coevolutionary relationships between actors.
- Michiel De Bauw, Christophe Matthys, Veerle Poppe, Samuel Franssens, Liesbet Vranken (2021) A combined Nutri-Score and ‘Eco-Score’ approach for more nutritious and more environmentally friendly food choices? Evidence from a consumer experiment in Belgium. Food Quality and Preference, Volume 93, 2021, 104276
The application of Nutri-Score on food products is ubiquitous throughout Europe and studies demonstrating its potential to stimulate healthier food choices are accumulating. At the same time, a strong need exists to evenly harmonize and activate the communication of environmental impacts on food products, in synergy with the Nutri-Score. This raises the question of whether the Nutri-Score could be expanded to an ‘Eco-Score’ that would similarly encourage environmentally friendly food choices. This paper reports a randomized control trial, in which a representative sample of 805 Belgian consumers was asked to hypothetically buy ingredients for a meal in a small-scale mock-up E-grocery environment. The experiment tested whether a combined Nutri-Score and Eco-Score affected the nutritional quality and environmental impact of consumers’ food choices. This effect was compared to general and specific dietary recommendations on the one hand, and to detailed impact tables on the other hand. Since visual distraction often plays a role in informative persuasion, the treatments were evaluated subject to different levels of distraction caused by product images. The average nutritional quality index (NQI) and environmental impact index (EII) of the selected baskets were calculated to evaluate the effects of the manipulations. We find that a joint Nutri-Score and Eco-Score label improves the NQI but not the EII. The general- and specific recommendation as well as the detailed information also improved the NQI. However, the specific recommendation was the only treatment that also improved the EII. The improvements in NQI due to the scores could be explained by a reduced consumption of pork. The improvements in EII induced by the specific recommendation could mainly be explained by a reduction in beef consumption. Only very mild indications were found that product images interfered with the effect of the scores. This study provides some initial evidence and support for the use of dual Nutri-Score – Eco-Score label to induce transitions towards healthier and more sustainable diets. We also find that recommendations outside the classic Front-Of-Package label framework could be a promising way to realize such a transition. However, it remains to be tested whether similar effects occur in real E-groceries and on a longer time scale.
- Faroque, A.R., Kuivalainen, O., Ahmed, J.U., Rahman, M., Roy, H., Ali, M.Y. and Mostafiz, M.I. (2021) Performance implications of export assistance: the mediating role of export entrepreneurship. International Marketing Review, Vol. 38 No. 6, pp. 1370-1399
Although both institutional export assistance and entrepreneurial orientation (EO) contribute separately and positively to export performance, the interplay between them has received little attention. This study examines the role of international EO in deriving performance benefits from governmental and nongovernmental export assistance. In this longitudinal study, two surveys were administered at two different times: In 2011, 705 Bangladeshi apparel exporters were surveyed, and in 2019, a subsequent survey of 198 firms in multiple industries was conducted. The aim of the surveys was to assess the relationships between governmental and nongovernmental assistance, EO and export performance. The results of the first survey show that, while nongovernmental assistance influences performance directly and via EO, governmental assistance has only direct effects. Furthermore, the negative influence of government assistance on EO reduces the total effects and renders them nonsignificant. The results of the second survey demonstrate that government EPPs have both direct and indirect positive and significant effects on market performance, indicating a partial mediation, whereas quasi-governmental assistance has positive and significant direct effects as well as negative but nonsignificant indirect effects. Nongovernmental EPPs have both direct and indirect significant effects on international performance, indicating a partial mediation. The study has important implications for researchers studying export assistance and its impact on firm performance. Instead of adopting a parochial view of government assistance, this study categorizes such assistance into three types – government, quasi-government and nongovernment. Furthermore, this study bridges the export assistance and international entrepreneurship literature by including EO. Entrepreneurs must emphasize the use of government assistance in order to enhance export performance. However, to promote both entrepreneurship and performance, they must emphasize nongovernment assistance. Exporters should also capitalize on the assistance extended by various quasi-governmental agencies to bolster export performance. Given the performance advantage of export assistance, this study highlights the contribution of the private sector in promoting export entrepreneurship while shedding light on the pernicious role of (quasi-)governmental assistance in export entrepreneurship.
- Rahman, M., Rodríguez-Serrano, M.A., Hughes, M. (2021) Does Advertising Productivity Affect Organizational Performance? Impact of Market Conditions. British Journal of Management,32: 4, pp 1359-1383
Advertising is crucial in influencing customers’ perceptions and purchase intentions, and numerous studies have investigated whether advertising expenditure has any significant impact on financial performance. A thorough understanding remains elusive: while several studies document a positive impact, others report that advertising has either a negative or a statistically insignificant effect. Three flaws among existing studies are responsible for this problem: bundling advertising with other forms of marketing, the inadequacy of expenditure as a measure and a failure to consider contingencies. Deviating from earlier studies, we examine the effect of advertising productivity on firm performance rather than the impact of the absolute amount of advertising expenditure. Moreover, adopting a contingency approach, we evaluate how market conditions of market dynamism, market complexity and market munificence moderate the relationship between advertising productivity and organizational performance. Drawing a multi-industry sample from the USA, this study demonstrates that advertising productivity has a positive impact on capital market-based performance measures, conditional on market conditions. We reveal new insights into when, why and to what extent advertising contributes (or not) to organizations’ financial performance.
- Mahabubur Rahman, M. Ángeles Rodríguez-Serrano & Anisur R. Faroque (2021) Corporate environmentalism and brand value: A natural resource-based perspective, Journal of Marketing Theory and Practice, 29:4, 463-479
Given ever-increasing engagement of firms in corporate environmentalism over the past few decades, a multitude of studies investigated the antecedents and consequences of corporate environmentalism. Extant studies exploring the consequences of corporate environmentalism predominantly measured its effects on firm performance. However, to the best of our knowledge, no study thus far has explored whether or not the key pro-environmental initiatives pertaining to corporate environmentalism carried out by industrial firms have any effect on market-based assets, namely, brand value. This study endeavored to address this gap in the literature. Drawing on natural resource-based view of the firm (NRBV), this study argued that industrial firms committed to corporate environmentalism reap rewards in the form of higher brand value. This study investigated three salient areas of corporate environmentalism, namely, environmental innovation, efficiency in using natural resources and emission reduction. The findings of this research demonstrate that industrial firms that outperform in environmental innovation, use fewer natural resources, and reduce emission have a higher brand value. Interestingly, while environmental innovation and efficiency in using natural resources contribute fairly equally to brand value, ability to reduce emissions contributes the least to brand value creation.
- Yildirim, C. and Kasman, A. (2021) Market power evolution and convergence in European banking: An Empirical note. Bulletin of Economic Research Volume 73 issue 4 pp. 535– 544
This paper undertakes an up-to-date assessment of evolution and convergence in market power over 2013 and 2018 in the Eurozone banking markets in view of the progress towards completing the banking union. The results show that average market power measured by the Lerner index displays an upward trend up until 2016 declining thereafter. Further findings by employing the panel convergence methodology of Philips and Sul (2007) fail to support the hypothesis of integration in the Eurozone banking markets through market power convergence. Furthermore, club clustering tests reveal presence of three sub-clusters of countries with different speeds of convergence.
- Ammar Ali Gull, Ayman Issa, Muhammad Atif, Tanveer Ahsan (2021) Gender diversity in boardrooms and corporate financial performance: Evidence from the male-dominated society of Qatar. Question(s) de Management, Vol. 36, Issue No. 06, Pages: 113-127
This study examines the relationship between board gender diversity and the corporate financial performance (CFP) of companies listed on the Qatar Stock Exchange. We use the ordinary least square (OLS) regression as the baseline technique along with the system GMM generalized method of moments (GMM) approach to mitigate the possible issue of endogeneity. Our analysis reveals that board gender diversity negatively affects CFP. Our findings are robust to the use of alternate measures of board gender diversity and free from endogeneity concerns as demonstrated by the results of the system GMM regression estimates. Further, we explain the possible reasons of this negative relation, particularly in the context of Qatar. An important implication of our findings is that they identify the factors that inhibit the women in Qatar from making significant contributions to board proceedings as well as to CFP in its male-dominated society.
- Saqib Aziz, Mahabubur Rahman, Dildar Hussain, Duc K. Nguyen (2021) Does corporate environmentalism affect corporate insolvency risk? The role of market power and competitive intensity. Ecological Economics, Volume 189, 107182
Little is known about the effects of green performance on corporate insolvency risk. This study examines the relationship between green performance and firm insolvency risk from both theoretical and empirical perspectives. Using a panel of 179 US firms included in the Newsweek Green Rankings and a system generalised method of moments estimation which generates endogeneity-robust regression coefficients, we found that firms with higher green performance are at lower risk of insolvency. We further postulate and provide theory-based empirical evidence that the nexus between green performance and insolvency risk is contingent upon other internal and external boundary conditions. Specifically, this research documents that the nexus between green performance and firm insolvency risk is moderated by market power as well as industry competitive intensity. The results of this study are robust across several sensitivity analyses
- Christos Alexakis, Dimitris Kenourgios, Vasileios Pappas, Athina Petropoulou (2021) From dotcom to Covid-19: A convergence analysis of Islamic investments. Journal of International Financial Markets, Institutions and Money, Volume 75, 2021, 101423
This paper goes beyond the extant comparisons of Islamic and conventional investments by econometrically assessing their convergence dynamics, in a dataset spanning over 1996–2020, covering ten business sectors and five episodes of crisis. We use a dynamic multivariate framework to estimate time-varying correlations, which we submit to beta and sigma-convergence analysis. Subsequently we examine how convergence dynamics affect portfolio risk management and crisis propagation. Our results show strong convergence of Islamic and conventional investments. During crises conventional convergence rates double, but Islamic ones are less affected. Sectoral diversification works best for conventional investments; Islamic ones behave as a single entity. On average we document a 7% risk diversification benefit from Islamic investments, at a 64 basis points cost. Yet, at the epicentre of the Covid-19 financial crisis this rises to 466 basis points and highlights the resilience of these investments in an exogenous event. Islamic investments reduce volatility spillovers in the financial system, but they are progressively less insulated across time. Our findings withstand a battery of robustness checks and are primarily useful to policy makers and investors
- Jbid Arsenyan, Agata Mirowska (2021) Almost human? A comparative case study on the social media presence of virtual influencers. International Journal of Human-Computer Studies, Volume 155, 102694
As virtual agents become prevalent in many domains, virtual influencers have gone live on social media platforms, integrating human networks and interacting with users. Building on research on human-computer interactions, the Uncanny Valley hypothesis, and Computers Are Social Actors paradigm, this paper aims to investigate (1) virtual agents’ similarity to humans in terms of behaviour in human networks and (2) reactions to human versus virtual agents in human networks where this interaction is publicly visible. We analyse the posting behaviour of and reactions to one human, one human-like virtual, and one anime-like virtual influencer active on a popular social media platform via text and emoji postings over an 11-month period. We find that, despite the general positive atmosphere of the platform, the human-like virtual influencer receives significantly lower positive reactions, providing evidence for the Uncanny Valley. Additional measures of negative reactions show a similar pattern. We discuss these results within the context of authenticity and social identity on social media, providing recommendations for the implementation of virtual influencers in human social networks.
- Yash Chawla, Agnieszka Radziwon, Laurent Scaringella, Ewa Lazarczyk Carlson, Marco Greco, Paulo Duarte Silveira, Eduardo Pestana de Aguiar, QingYang Shen, Markus Will, Anna Kowalska-Pyzalska (2021) Predictors and outcomes of individual knowledge on early-stage pandemic: Social media, information credibility, public opinion, and behaviour in a large-scale global study, Information Processing & Management, Volume 58, Issue 6, November 2021, 102720
This study explores how individuals obtain knowledge, perceive information sources, behave, and form opinions while facing a pandemic at an early stage. We develop a conceptual model linking the predictors of individuals’ knowledge with people’s behavior and opinions. The model is empirically tested through a large-scale global survey of 15,552 respondents from 126 nationalities. Our results indicate that relying on one source of information does not lead to favourable behavior towards curbing the pandemic. Furthermore, we need to educate people and control misinformation spread on policy and social network platforms to curb emergencies collectively
- R. Boucekkine, M. Laksaci, M. Touati-Tliba (2021) Long-run stability of money demand and monetary policy: The case of Algeria. The Journal of Economic Asymmetries, Volume 24, 2021, e00217
Since the start of the oil counter-shock in June 2014, Algeria has experienced unprecedented twin deficits. The excessive monetisation of the public deficit coupled with other deep anomalies in the economy of this country acutely calls for reconsideration of its monetary policy. To this end a prior study of the long-run stability of money demand is needed. We estimate the demand for money for monetary aggregates M1 and M2, and cash in Algeria over the period 1979–2019, and study its long-run stability. We show that the transaction motive is significant for all three aggregates, especially for the demand for cash, reflecting the weight of informal economy “practices”. The elasticity of the scale variable is very close to unity for M2 and M1, and even equal to unity for cash demand (1.006). The elasticity of inflation is also significant for all three aggregates, although its level is higher in the case of cash demand ( 6.474). Despite the persistence of certain financial repression mechanisms, interest rate elasticity is significant for all three aggregates, but higher for M1 and cash. The same observation is made for elasticity of the exchange rate, reflecting the effect of monetary substitution, especially for M1 and cash. Finally, our study concludes that the demand for money in terms of M1 remains stable, the same observation being confirmed for the M2 aggregate. However, the demand for fiat currency proves not to be stable. The consequences for the optimal design of monetary policy in Algeria are clearly stated.
- Nadjib Brahimi, Ali Cheaitou, Pierre Cariou & Dominique Feillet (2021) An exact algorithm for the single liner service design problem with speed optimisation, International Journal of Production Research, Volume 59, Issue 22, pp.6809-6832
This paper models a single liner service design and operations problem. The model selects the ports to be included, their sequence, the sailing speed of vessels, the number of vessels and the amounts of cargo to transport by the service. The objective is to maximise profit. First, a relaxation with a mixed-integer nonlinear programming (MINLP) formulation is proposed. We show how to obtain the optimal speed value. Once this value is obtained, the mathematical programming formulation becomes a mixed-integer linear program (MILP). Then, a two-step exact algorithm is presented to solve the problem. Using real data, the optimal solution was found in less than 1 min for small-size problems and in few hours for relatively large-size problems. More tests were carried out on randomly generated data sets with up to 25 ports. The results of these tests are rather promising, and they enabled us to identify the performance limits of the algorithm.
- Abdelkrim R. Yelles-Chaouche, Evgeny Gurevsky, Nadjib Brahimi & Alexandre Dolgui (2021) Reconfigurable manufacturing systems from an optimisation perspective: a focused review of literature. International Journal of Production Research, 59:21, pp 6400-6418
The concept of reconfigurable manufacturing systems (RMSs) is a current subject that has attracted intensive research. This latter covers the entire RMS life cycle, from the design to the exploitation phase, and includes several important problems requiring the use of optimisation. The objective of this paper is to survey research publications related to RMS optimisation problems and their solution methods. For this, the types of RMS and their components are described. Subsequently, relevant objective functions and performance indicators of RMS are presented. In addition, an overview of the most used solution approaches and a classification of optimisation problems are proposed. Finally, a detailed analysis, our conclusions, and suggestions for future research are provided.
Nadjib Brahimi, Ali Cheaitou, Pierre Cariou & Dominique Feillet (2021) An exact algorithm for the single liner service design problem with speed optimisation, International Journal of Production Research, Volume 59, Issue 22, pp.6809-6832
This paper models a single liner service design and operations problem. The model selects the ports to be included, their sequence, the sailing speed of vessels, the number of vessels and the amounts of cargo to transport by the service. The objective is to maximise profit. First, a relaxation with a mixed-integer nonlinear programming (MINLP) formulation is proposed. We show how to obtain the optimal speed value. Once this value is obtained, the mathematical programming formulation becomes a mixed-integer linear program (MILP). Then, a two-step exact algorithm is presented to solve the problem. Using real data, the optimal solution was found in less than 1 min for small-size problems and in few hours for relatively large-size problems. More tests were carried out on randomly generated data sets with up to 25 ports. The results of these tests are rather promising, and they enabled us to identify the performance limits of the algorithm
Abdelkrim R. Yelles-Chaouche, Evgeny Gurevsky, Nadjib Brahimi & Alexandre Dolgui (2021) Reconfigurable manufacturing systems from an optimisation perspective: a focused review of literature. International Journal of Production Research, 59:21, pp 6400-6418
The concept of reconfigurable manufacturing systems (RMSs) is a current subject that has attracted intensive research. This latter covers the entire RMS life cycle, from the design to the exploitation phase, and includes several important problems requiring the use of optimisation. The objective of this paper is to survey research publications related to RMS optimisation problems and their solution methods. For this, the types of RMS and their components are described. Subsequently, relevant objective functions and performance indicators of RMS are presented. In addition, an overview of the most used solution approaches and a classification of optimisation problems are proposed. Finally, a detailed analysis, our conclusions, and suggestions for future research are provided
- Chen, M., Chakraborty, S., Xiong, J., Scaringella, L., & Descubes, I. (2021). Business model renewal and environment changes: Insights of Chinese textile industry. Strategic Change, 30 (6), 573– 580.
Chinese small and medium-size enterprises (SMEs) in the textile industry adapt and reshape their business models to cope with the environmental changes resulting from increasing labor costs and decreases in profits. Comparing with big firms, SMEs face more challenges when renewing their business operations. Reactions of SMEs are influenced by the extent of changes in the business model renewal process. The renewal of the business model includes resource configuration, updating purchasing and distribution channels, refining market segments, and rebuilding brands.
- Flichy de La Neuville Thomas. Lessons from Applying Sanctions and Blockades. Review of Business and Economics Studies. 2021;9(4):23-31.
From the geo-economic standpoint, a power may avail itself of a spectrum of constraining measures against a hostile or dangerous nation — measures ranging from sanctions, boycotts to embargos and blockades, which last represent the ultimate form of economic pressure to which an adversary may be subjected. Because they are an extreme type of economic banishment, their imposition reveals the physiognomy of the power struggle; and, because they obstruct the free flow of goods, they also appear to be an ephemeral anomaly within the Liberal world order. Yet, their incumbency in the game is a reflection of geo-economic complexity. Whether enacted to great fanfare or not, blockades freeze some transactions while generating business opportunities elsewhere. And while an activity momentarily stilled in one zone may be reshaped to the advantage of another, blockades still allow their instigators to zero in on key sectors of the enemy’s economy without endangering the country’s survival. Thus, we can see blockades as an economic and military measure serving imperial ends. This essay succinctly reviews the history of famous blockades and garners the core economic lessons one may learn from them.
- Akanksha Jalan, Roman Matkovskyy, Larisa Yarovaya (2021) “Shiny” crypto assets: A systemic look at gold-backed cryptocurrencies during the COVID-19 pandemic, International Review of Financial Analysis, Volume 78, Nov 2021, 101958
In this paper, we empirically analyse the performance of five gold-backed stablecoins during the COVID-19 pandemic and compare them to gold, Bitcoin and Tether. In the digital assets’ ecosystem, gold-backed cryptocurrencies have the potential to address regulatory and policy concerns by decreasing volatility of cryptocurrency prices and facilitating broader cryptocurrency adoption. We find that during the COVID-19 pandemic, gold-backed cryptocurrencies were susceptible to volatility transmitted from gold markets. Our results indicate that for the selected gold-backed cryptocurrencies, their volatility, and as a consequence, risks associated with volatility, remained comparable to the Bitcoin. In addition, gold-backed cryptocurrencies did not show safe-haven potential comparable to their underlying precious metal, gold.
- Yarovaya, L., Matkovskyy Roman, Jalan Akanksha (2021). The effects of a “black swan” event (COVID-19) on herding behavior in cryptocurrency markets. Journal of International Financial Markets, Institutions and Money, Volume 75, 101321
This paper analyses herding in cryptocurrency markets in the time of the COVID-19 pandemic. We employ a combination of quantitative methods to hourly prices of the four most traded cryptocurrency markets – USD, EUR, JPY and KRW – for the period from 1st January 2019 to 13th March 2020. While there are several strong theoretical reasons to observe the ‘‘black swan” effect on cryptocurrency herding, our results suggest that COVID-19 does not amplify herding in cryptocurrency markets. In all markets studied, herding remains contingent on up or down markets days, but does not get stronger during the COVID-19. These results are important for cryptocurrency investors and regulators to enhance their understanding of cryptocurrency markets and the financial effects of the COVID-19 pandemic.
- Yash Chawla, Agnieszka Radziwon, Laurent Scaringella, Ewa Lazarczyk Carlson, Marco Greco, Paulo Duarte Silveira, Eduardo Pestana de Aguiar, QingYang Shen, Markus Will, Anna Kowalska-Pyzalska (2021) Predictors and outcomes of individual knowledge on early-stage pandemic: Social media, information credibility, public opinion, and behaviour in a large-scale global study, Information Processing & Management, Volume 58, Issue 6, November 2021, 102720
This study explores how individuals obtain knowledge, perceive information sources, behave, and form opinions while facing a pandemic at an early stage. We develop a conceptual model linking the predictors of individuals’ knowledge with people’s behavior and opinions. The model is empirically tested through a large-scale global survey of 15,552 respondents from 126 nationalities. Our results indicate that relying on one source of information does not lead to favourable behavior towards curbing the pandemic. Furthermore, we need to educate people and control misinformation spread on policy and social network platforms to curb emergencies collectively.
- Truong, Y, Ackermann, C.-L., Richard Klink (2021) The Role of Legitimacy and Reputation Judgments in Users’ Selection of Service Providers on Sharing Economy Platforms. Information & Management, Volume 58, Issue 8, 2021, 103529
Information systems literature suggests that reputation is the main judgment form that captures user-related information online. Drawing on social judgment literature, we contend that a user’s online characteristics and past actions are not all reputation-based, but also legitimacy-based, and that transaction stake determines whether users will use reputation or legitimacy judgment to evaluate other users. Using Airbnb, we show that level of stake in a transaction determines the judgment form (reputation or legitimacy) that guests resort to when evaluating a host. Moreover, we find that providing extensive information on a host to potential guests in low-stake transactions is counterproductive.
- Jiabao Lin, Zhimei Luo, Jose Benitez, Xin Robert Luo, Aleš Popovič (2021) Why do organizations leverage social media to create business value? An external factor-centric empirical investigation. Decision Support Systems, Volume 151, Dec 2021, 113628
Why do organizations develop and execute social media initiatives to create business value? This study addresses this prominent and critical research question for IS research on the business value of social media. Drawing on the institutional theory, we argue that mimetic, coercive, and normative pressure persuade organizations to use social media to improve marketing performance. We test our core proposition and theory-driven research model using data collected from a sample of leading Chinese agribusinesses. We find that coercive and mimetic pressure play pivotal roles in motivating organizations to use social media. We also discover that social media usage improves marketing performance and that the agribusiness market uncertainty plays a positive reinforcing role in the positive effect of social media usage on marketing performance. Thus, this paper contributes to IS research with an eloquent theoretical explanation and strong empirical evidence on why organizations deploy social media initiatives to improve their marketing activities and performance and the higher business value of social media under greater agribusiness market uncertainty.
- Islam, T., Hussain, D., Ahmed, I., & Sadiq, M. (2021). Ethical leadership and environment specific discretionary behaviour: The mediating role of green human resource management and moderating role of individual green values. Canadian Journal of Administrative Sciences/Revue canadienne des sciences de l’administration, 38( 4), 442– 459
This study examines the mediating role of green human resource management between ethical leadership and employees’ citizenship behavior towards the environment with the moderating effect of individual green values. We collected data from 589 MBA executive students with one‐year of experience working in various organizations at two different times using a questionnaire based survey method. Applying structural equation modeling to the results confirmed a direct effect of ethical leadership on employees’ citizenship behavior towards the environment and an indirect effect through green human resource management. Further, individual green value strengthened the association between green human resource management and employees’ environmentally conscious citizenship behavior. Our study contributes to social learning and supply value‐fit theory and has implications for management.
- Liu, Yi and Han-fen Hu (2021) Digital-Free Tourism Intention: A Technostress Perspective. Current Issues In Tourism, Vol. 24 No. 23, pp. 3271-3274
Digital-free tourism limits tourists’ access to information and communication technologies during vacation. It is an emerging trend but tourists’ motivation to take digital-free tourism has not been fully understood. Anchoring on technostress literature, this study examines the effects of the exhaustion from workplace information technology and off-work social network services on tourists’ intention to take digital-free tourism. Survey data involving 300 full-time working individuals show that both techno-exhaustion and social-networkservices- exhaustion have positive impacts on tourists’ digital-free tourism intentions. It contributes to the literature by introducing technostress related constructs in understanding tourists’ digital-free tourism intentions.
- Mahdieh Mirzaei, S. Mohammad J. Mirzapour Al-e-hashem, Mohsen Akbarpour Shirazi (2021) A maximum-flow network interdiction problem in an uncertain environment under information asymmetry condition: Application to smuggling goods. Computers & Industrial Engineering, Volume 162, 2021, 107708
We study the interdiction of smuggling network that arranging the activities of the police in order to successfully interdict criminals in smuggling goods. This work contributes to the literature of maximum flow network interdiction problems by addressing asymmetric information, uncertain conditions, multi commodity, and with multiple sources (origins) and sinks (destinations). Information Asymmetry realistically occurs due to incomplete information of interdictor (police) and operator (smuggler) about each other’s performance, which is adapted from the real-world condition. We propose two mixed-integer programming models by reformulating a Min–Max bi-level mathematical model. In the first model, the type of interdiction is discrete (zero and one), while in the second model, the interdiction is assumed continuous, meaning that the partial interdiction is possible. The asymmetry type of the smuggler’s information towards the police have formulated through a linear function while the asymmetry of the police information to the smuggler is formulated using an uncertain parameter through a two-stage stochastic programming framework. To solve the first model, an innovative exact hybrid method is proposed combining of a Decomposition Method and Progressive Hedging Algorithm (DM-PHA). An augmented Karush-Kuhn-Tucker (KKT) method is also used to solve the second model. Several sensitivity analyses are then conducted, and the results demonstrate the applicability and effectiveness of the proposed models as well as the solving approach. It is also shown that the proposed models can be used as a suitable approach in uncertain environment and under asymmetric information to determine the optimal interdiction decisions of police to prevent further smuggling.
- Canan Yildirim, Adnan Kasman, Fazelina Sahul Hamid (2021) Impact of foreign ownership on market power: Do regional banks behave differently in ASEAN countries? Economic Modelling, Volume 105, 2021, 105654
The change in crossborder financial intermediation and rise in regional banking have consequences for competitive conduct in emerging countries’ banking markets. Using data from the Association of Southeast Asian Nations countries’ banks during 2011–2018, we examine the nexus between foreign ownership and banks’ market power by controlling for the heterogeneity of foreign banks concerning their countries of origin (advanced vs. emerging and regional vs. nonregional). We find that the increasing presence of foreign banks from advanced countries is associated with lower bank market power because of higher marginal costs and lower price–cost margins of the domestic banks. However, the increasing presence of emerging countries’ banks is associated with higher bank market power because of lower marginal costs and prices of domestic lenders. Our findings have implications for policies regarding bank competitiveness and promoting regional banking integration because domestic banks conduct differently under increased participation levels of advanced and emerging country foreign banks.
Publications in 2020
- Mohammadi S., Mirzapour Al-e-Hashem, S.M.J., Rekik, Y. 2020. An integrated production scheduling and delivery route planning with multi-purpose machines: A case study from a furniture manufacturing company. International Journal of Production Economics, Volume 219 (2020), pp. 347–359
- Agi, M., Soni, H. 2020. Joint pricing and inventory decisions for perishable products with age-, stock-, and price-dependent demand rate. Journal of the Operational Research Society, Volume 71, Issue n°1, 2020, pp. 85-99
- Toth, Z., Nieroda, M.E., Koles, B. 2020. Becoming a more attractive supplier by managing references – The case of small and medium-sized enterprises in a digitally enhanced business environment. Industrial Marketing Management, Volume 84 (2020), pp. 312-327
- Wu,X., Hu, B., Xiong, J. 2020. Understanding heterogeneous consumer preferences in Chinese milk markets: A latent class approach. Journal of Agricultural Economics, Volume 71, Issue 1, pp.184-198
- Jang, S., Liu, Y. (2020) Continuance use intention with mobile augmented reality games: Overall and multigroup analyses on Pokémon Go. Information Technology and People, Vol. 33; Issue 1, 2020, pp. 37-55
- Waqas Hanif, Jose Arreola Hernandez, Perry Sadorsky, Seong-Min Yoon (2020) Are the interdependence characteristics of the US and Canadian energy equity sectors nonlinear and asymmetric? The North American Journal of Economics and Finance, Volume 51, January 2020, 101065
- Cragg, T., McNamara, T., Descubes, I., Guerin, F. (2020) Manufacturing SMEs, network governance and global supply chains. Journal of Small Business and Enterprise Development, Vol. 27 No. 1, pp. 130-147
- Palacios-Arguello, L., Gondran, N., Nouira, I., Girard, M.-A., Gonzalez-Feliu, J. 2020. Which is the relationship between the product’s environmental criteria and the product demand? Evidence from the French food sector. Journal of Cleaner Production, Volume 244, 20 January 2020, 118588
- Qureshi, M.A., Ahsan, T., Aziz, S., Yusuf, M. 2020. Technological capabilities and rent eroding battles: Scandinavia centric evidence on firm profitability. International Journal of Economics and Business Research, Vol. 19, No. 2, pp.130–151
- Ousama, A.A., Hammami, H., Abdulkarim, M. (2020) The Association between Intellectual Capital and Financial Performance in the Islamic Banking Industry: An Analysis of the GCC Banks. International Journal of Islamic and Middle Eastern Finance and Management, Vol. 13 No. 1, pp. 75-93
- Longondjo Etambakonga, C., Roloff, J. (2020) Protecting environment or people? Pitfalls and merits of informal labor in the Congolese recycling industry. Journal of Business Ethics, Volume 161, pp. 815–834
- Benitez, J., Ruiz, L., Castillo, A., Llorens, J. 2020. How corporate social responsibility activities influence employer reputation: The role of social media capability. Decision Support Systems, Volume 129, Issue 1, 113223
- Mirza, S.S., Ahsan, T. (2020) Corporates’ strategic responses to economic policy uncertainty in China. Business Strategy and the Environment, Vol. 29, Issue 2. pp. 375-389
- Asghari, M., Mirzapour Al-e-Hashem, S.M.J. (2020) A green delivery-pickup problem for home hemodialysis machines; sharing economy in distributing scarce resources. Transportation Research Part E, Volume 134 (2020), 101815
- Wen Shi, Haohuan Fu, PeinanWang, Changfeng Chen, Jie Xiong (2020) Two Competing Climate Discourses on Twitter with Semantic Network and Temporal Analyses. International Journal of Environmental Research and Public Health, Volume 17, Issue 3, 2020, 1062
- Tauni, M.Z., Yousaf, S., Ahsan, T. 2020. Investor-advisor Big Five personality similarity and stock trading performance. Journal of Business Research, Volume 109, Issue 3, pp. 49-63
- Qureshi, M.A., Kirkerud, S., Theresa, K., Ahsan, T. (2020) The impact of sustainability (environmental, social, and governance) disclosure and board diversity on firm value: The moderating role of industry sensitivity. Business Strategy and the Environment, Volume 29, Issue 03, pp.1199-1214
- Matthew Ames, Guillaume Bagnarosa, Tomoko Matsui, Gareth W. Peters, Pavel V. Shevchenko. (2020). Which risk factors drive oil futures price curves? Energy Economics, 87 (2020) 104676
- Öncü Hazır, Maher A. N. Agi & Jérémy Guérin (2020) A fast and effective heuristic for smoothing workloads on assembly lines: algorithm design and experimental analysis. Computers and Operations Research 115 (2020) 104857
- McColl, R., MacGilchrist, R., Shuddhasattwa, R. 2020. Estimating cannibalizing effects of sales promotions: The impact of price cuts and store type. Journal of Retailing and Consumer Services, Volume 53, March 2020, 101982
- Vanwalleghem, Dieter, Canan Yildirim, and Anthony Mukanya (2020) Leveraging local knowledge or global advantage: Cross border bank mergers and acquisitions in Africa. Emerging Markets Review, Volume 42, March 2020, 100656
- Mashwania, A.I., Dereepera, S., Dowling, M., Aziz, S. (2020) Learning the wealth effects from equity carve-outs. Finance Research Letters, Volume 33 (2020) 101191
- Xu, L., Kim, S.-Y., Xiong, J., Yan, J., Huang, H. (2020) Playing catch-up: how less developed nations can jump-start technology innovation. Journal of Business Strategy, Volume 41 Issue 2, 2020, pp. 49-57
- Parker, O., Mui, R., Titus, V. (2019) Unwelcome Voices: The Gender Bias‐Mitigating Potential of Unconventionality. Strategic Management Journal, Volume 41 (April 2020), pp.738-757
- Detemple, J., Laminou-Abdou, S., Moraux, F. (2020) American step options. European Journal of Operational Research, Volume 282, Issue 1, 1 April 2020, pp. 363-385
- Marowka, M., Peters, G.W., Kantas, N., Bagnarosa, G. (2020) Factor-augmented Bayesian cointegration models: a case-study on the soybean crush spread. Journal of the Royal Statistical Society, Applied Statistics, Series C, Appl. Statist. (April 2020) 69, Part 2, pp. 483–500
- Liu, Y. (2020) Manipulating Temporal Cues and Message Concreteness for Deal Communication: A Study on Microblogging Site. Journal of Global Information Management, Volume 28, Issue 2, April June 2020, pp. 111-130
- Areola Hernandez, J., Al Janabi, M.A.M. (2020) Forecasting of dependence, market, and investment risks of a global index portfolio. Journal of Forecasting, Volume 39 Issue 3 (April 2020), pp. 512–532
- Helmi Hammami, Moez Hammami, Siriki Coulibaly, Mariem Marzouk (2020) Determinants of FDI attractiveness: A MCI model approach. Economics Bulletin, Volume 40, Issue 2, pages 1033-1048
- Bakr Al-Gamrh; Redhwan Al-Dhamari; Akanksha Jalan; Asghar Ashfar Jahanshahi (2020) The impact of board independence and foreign ownership on financial and social performance of firms: Evidence from the UAE. Journal of Applied Accounting Research, Vol. 21 No. 2, pp. 201-229.
- Bakr Ali Al-Gamrh, Ku Nor Izah Ku Ismail, Tanveer Ahsan, Abdulsalam Saad Alquhaif. (2020) Investment opportunities, corporate governance quality and firm performance in UAE. Journal of Accounting in Emerging Economies, Vol. 10 Issue. 2, April 2020, pp. 261-276
- Mohamad Amin Kaviani, Alireza Peykam, Sharfuddin Ahmed Khan, Nadjib Brahimi, Raziyeh Niknam (2021) A new weighted fuzzy programming model for supplier selection and order allocation in the food industry. Journal of Modelling in Management, Vol. 15 No. 2, pp. 381-406
- Benitez, J., Henseler, J., Castillo, A., Schuberth, F. (2020) How to perform and report an impactful analysis using partial least squares? Guidelines for confirmatory and explanatory IS research. Information & Management, Volume 57, Issue 2, 2020, 103168
- Maher A.N. Agi, Xinghao Yan (2020) Greening products in a supply chain under market segmentation and different channel power structures. International Journal of Production Economics, Volume 223 (2020) 107523
- Oncü Hazır, Gündüz Ulusoy (2020) A classification and review of approaches and methods for modeling uncertainty in projects. International Journal of Production Economics 223 (2020) 107522
- Klaus Werner Schmidt and Öncü Hazır (2020) A Data Envelopment Analysis Method for Finding Robust and Cost-Efficient Schedules in Multimode Projects. IEEE Transactions on Engineering Management, Vol. 67, Issue 2, May 2020, pp.414-429
- Ronan de Kervenoael, Alexandre Schwob and Careen Chandra (2020) E-retailers and the engagement of delivery workers in urban last-mile delivery for sustainable logistics value creation: Leveraging legitimate concerns under time-based marketing promise. Journal of Retailing and Consumer Services 54 (2020) 102016
- Bouraoui, Taoufik (2020). The drivers of Bitcoin trading volume in selected emerging countries, The Quarterly Review of Economics and Finance, Volume 76 (2020) pp. 218-229
- Shams, Riad S.M. and Rajibul Hasan (2020) Capacity building for transnationalisation of higher education: Knowledge management for organisational efficacy. European Business Review, Vol. 32 No. 3, 2020, pp. 459-484
- Sang Hoon Kang, Salim Lahmiri, Gazi Salah Uddin, Jose Arreola Hernandez, Seong-Min Yoon (2020) Inflation cycle synchronization in ASEAN countries. Physica A: Statistical mechanics and its Applications, Volume 545, 1 May 2020, 123820
- Akanksha Jalan, S.G. Badrinath and Bakr Al-Gamrh (2020) Women on audit committees and the relationship between related party transactions and earnings management. Strategic Change, Volume 29, Issue 3, pp.389–406
- Rao, Z.U.R, Tauni, M.Z., Ahsan, T. and Umar, M. 2020. Do mutual funds have consistency in their performance?. Portuguese Economic Journal, Volume 19, Issue 2, pp.139–153
- Mirza SS, Ahsan T, Safdar R, Rehman AU.(2020) Competition, Debt Maturity, and Adjustment Speed in China: A Dynamic Fractional Estimation Approach. Journal of Risk and Financial Management. 2020; 13(5):106
- Cormac Bryce, Michael Dowling, Brian Lucey (2020) The Journal Quality Impact Gap. Research Policy, Volume 49, Issue 5, June 2020, 103957
- Jouan de Kervenoael, R., Hasan, R., Schwob, A, Goh, E. (2020) Leveraging Human-Robot Interaction in Hospitality Services: Incorporating the Role of Perceived Value, Empathy, and Information Sharing into Visitors’ Intentions to Use Social Robots. Tourism Management, Volume 78, 104042
- Uddin, G.S., Areola Hernandez, J., Shahzad, S.J.H., Kang, S.H. (2020) Characteristics of spillovers between the US stock market and precious metals and oil. Resources Policy, Volume 66 (2020) 101601
- Vanwalleghem, D., Mirowska, A. (2020) The investor that could and would: The effect of proactive personality on sustainable investment choice. Journal of Behavioral and Exprimental Finance, Volume 26, June 2020, 100313.Narjes Kandil, Olga Battaïa, Ramzi Hammami (2020) Globalisation vs. Slowbalisation: A literature review of analytical models for sourcing decisions in Supply Chain Management . Annual Reviews in Control, Volume 49, 2020, Pages 277-287
- Rahman, M., Aziz, S., Hughes, M. (2020) The product-market performance benefits of environmental policy: Why customer awareness and firm innovativeness matter. Business Strategy and the Environment. Volume 29, Issue 5, July 2020, pp. 2001-2018
- Stelios Bekiros, Jose Arreola Hernandez, Gazi Salah Uddin, Ahmed Taneem Muzaffar, (2020) On the predictability of crude oil market: a hybrid multi-scale wavelet approach. Journal of Forecasting, Volume 39, Issue 4, pp. 599-614
- Rahman, M. (2020) Dynamic marketing productivity and firm intangible value: insights from airlines industry. Journal of Marketing Theory and Practice. Volume 28, Issue 3, pp. 342-355.Alexander Lennart Schmidt, Laurent Scaringella (2020) Uncovering disruptors’ business model innovation activities: evidencing the relationships between dynamic capabilities and value proposition innovation, Journal of Engineering and Technology Management, Volume 57, 2020, 101589
- Campos Franco, J., Hussain, D. and McColl, R. (2020). Luxury fashion and sustainability: looking good together. Journal of Business Strategy, Vol. 41 No. 4, pp. 55-61
- Asghar Afshar Jahanshahi, Bakr Al‐Gamrh, Behrooz Gharleghi. Sustainable development in Iran post‐sanction: Embracing green innovation by small and medium‐sized enterprises. Sustainable development, 2020; Volume 28, pp. 781– 790
- Prashant Palvia, Jose Benitez, Ting-Peng Liang, Patrick Y.K. Chau (2020) Tribute to Professor Edgar H. Sibley and his contributions to the IS discipline. Information & Management, Volume 57, Issue 5, 2020, 103321
- Jiabao Lin, Lei Li, Xin (Robert) Luo, Jose Benitez (2020) How do agribusinesses thrive through complexity? The pivotal role of ecommerce capability and business agility. Decision Support Systems, 135C (2020) 113342
- Blandine Hetet, Claire-Lise Ackermann, Jean-Pierre Mathieu (2020) The role of brand innovativeness on attitudes towards nex products marketed by the brand. Journal of Product & Brand Management, Vol. 29 No. 5, pp. 569-581
- Matkovskyy, R., Jalan, A., Dowling, M. (2020) Effects of economic policy uncertainty shocks on the interdependence between Bitcoin and traditional financial markets. Quarterly Review of Economics and Finance 77, 150-155.
- Ahmed Atil, Kishwar Nawaz, Amine Lahiani, David Roubaud (2020) Are natural resources a blessing or a curse for financial development in Pakistan? The importance of oil prices, economic growth and economic globalization. Resources Policy, Volume 67, August 2020, 101683
- Hasan, Rajibul, Shams, Riad, Rahman, Mizan, and Ehsanul, Shamim (2020) Analysing Pro-poor Innovation Acceptance by Income Segments. Management Decision, Vol. 58 No. 8, 2020, pp. 1663-1674
- Jose Arreola Hernandez, Gazi Salah Uddin, Anupam Dutta, Ali Ahmed, Sang Hoon Kang (2020) Are ethanol markets globalized or regionalized?. Physica A: Statistical mechanics and its Applications, Volume 551, 1 August 2020, 124094
- Fernández-Mesa, Anabel, Oscar Llopis, Ana García-Granero, and Julia Olmos-Peñuela (2020). Enhancing Organisational Commitment through Task Significance: The Moderating Role of Openness to Experience. European Management Journal, Volume 38, no. 4 (August 1, 2020), pp 602–612
- Mahabubur Rahman, M. Ángeles Rodríguez-Serrano, Mary Lambkin (2020) Advertising efficiency and profitability: Evidence from the pharmaceutical industry. Industrial Marketing Management 89, 619-629
- Bourguinon, A., Azambuja, R., Dorsett, C. (2020) Lost in Translation? Transferring Creativity Insights from Arts into Management. Organization, 2020, Vol. 27(5) pp.717 –741
- Meqdadi, O.A., Johnsen, T.E., Pagell, M. (2020) Relationship configurations for procuring from social enterprises. International Journal of Operations and Production Management, Vol. 40 No. 6, 2020, pp. 819-845
- Sultan Sikandar Mirza, Muhammad Ansar Majeed, Tanveer Ahsan. (2020) Board gender diversity, competitive pressure and investment efficiency in Chinese private firms. Eurasian Business Review (2020) 10(3) pp.417–440
- Yan J, Xu L, Farajallah M, Zhao S, Xiong J.(2020) Overview of environmental management in an emerging market. Strategic Change. 2020, Volume 29, Issue 5, pp.553–560.
- Zhao, S., Kim, S.-Y., Wu, H., Yan, J. and Xiong, J. (2020). Closing the gap: the Chinese electric vehicle industry owns the road. Journal of Business Strategy, Vol. 41 No. 5, pp. 3-14.
- Mirowska, Agata (2020) AI Evaluation in Selection, Effects on Application and Pursuit Intentions. Journal of Personnel Psychology (2020), 19(3), 142–149
- Zhang, Y., Li, G., & Wang, M. 2020. Designing creative teams from creative members: The role of reward interdependence and knowledge sharing. Nankai Business Review International, 2020, vol. 11, issue 4, pp.617-634
- Hammami, R., Frein,Y., Albana, A.S.(2020) Delivery Time Quotation and Pricing in Two-Stage Supply Chains: Centralized Decision-making with Global and Local Managerial Approaches. European Journal of Operational Research, Volume 286, Issue 1, 1 October 2020, Pages 164-177
- Bakici, T. (2020) Comparison of Crowdsourcing Platforms from Social-Psychological and Motivational Perspectives. International Journal of Information Management, Volume 54, October 2020, 102121
- Matkovskyy, R (2020) A measurement of affluence and poverty interdependence across countries: evidence from the application of tail copula. Bulletin of Economic Research, 72 (4), p. 404–416
- Dildar Hussain, Marko Grünhagen , Swati Panda & Muhammad I. Hossain (2020) Franchising in South Asia: Past, present, and future developments, Journal of Marketing Channels, 26:4, 227-249
- Ashish Kumar Jha, Maher A.N. Agi, Eric W.T.Ngai (2020) A note on big data analytics capability development in supply chain. Decision Support Systems. Volume 138, November 2020, 113382
- Jessica Braojos, Jose Benitez, Javier Llorens, Laura Ruiz. (2020) Impact of IT integration on the firm’s knowledge absorption and desorption. Information & Management, (2020) 57(7), 103290.
- Meqdadi, O.A., Johnsen, T.E., Johnsen, R.E., Salmi, A. (2020) Monitoring and Mentoring Strategies for Diffusing Sustainability in Supply Networks. Supply Chain Management: An International Journal, 25/6 (2020) 729–746
- Baraldi, E., La Rocca, A ., Perna, A., Snehota, I. (2020) Connecting IMP and Entrepreneurship Research: Directions for Future Research. Industrial Marketing Management, Volume 91, November, pp. 495-509
- Ahsan, T., Mirza, S.S., Al-Gamrh, B. and Tauni, M.Z. (2020) Split-share reforms and capital structure adjustment in China: a dynamic panel fractional estimation. Journal of Economic Studies, Vol. 47 No. 6, pp. 1265-1280
- Jose Arreola Hernandez, Sang Hoon Kang, Syed Jawad Hussain Shahzad, Seong-Min Yoon (2020) Spillovers and diversification potential of bank equity returns from developed and emerging America. The North American Journal of Economics and Finance, Volume 55, Novermber 2020, 101219
- Sasidhar Reddy Bhimavarapu, Seong-Young Kim and Jie Xiong. Strategy execution in public sectors: empirical evidence from Belgium. Journal of Business Strategy. Vol. 41 No. 6 2020, pp. 39-47
- Céline Azémar, Rodolphe Desbordes, Ian Wooton (2020) Is international tax competition only about taxes? A market-based perspective. Journal of Comparative Economics, Volume 48 (2020) Issue 4, pp. 891-912
- Faheem Aslam, Saqib Aziz, Duc Khuong Nguyen, Khurrum S. Mughal, Maaz Khan (2020). On the efficiency of foreign exchange markets in times of the COVID-19 pandemic. Technological Forecasting and Social Change, Volume 161, 2020, 120261
- Mohit Goswami, Arijit De, Muhammad Khoirul Khakim Habibi, Yash Daultani (2020) Examining freight performance of third-party logistics providers within the automotive industry in India: an environmental sustainability perspective. International Journal of Production Research, Volume 58 Issue 24, pp. 7565-7592
- Rajibul Hasan, Ben Lowe, Dan Petrovici (2019) Consumer adoption of pro-poor service innovations in subsistence marketplaces. Journal of Business Research, Volume 121, December 2020, Pages 461-475.
- Amir Mohammad Fathollahi-Fard, Abbas Ahmadi, S.M.J. Mirzapour Al-e-Hashem (2020) Sustainable closed-loop supply chain network for an integrated water supply and wastewater collection system under uncertainty. Journal of Environmental Management 275 (2020) 111277
- Yu, X., Li, Y., Su, Z., Tao, Y., Nguyen, B., Xia, F. (2020) Entrepreneurial bricolage and new venture growth in emerging economies: An institutional perspective. Asia Pacific Journal of Management, 37, 1141–1163
- Faheem Aslam, Yasir T. Muhammad, Saqib Aziz, Jamal Ouenniche (2020) A complex networks based analysis of jump risk in equity returns: An evidence using intraday movements from Pakistan stock market. Journal of Behavioral and Experimental Finance, Volume 28, 2020, 100418
- Boubaker, Souhir & Hichem Rezgui (2020) A New Hybrid Wavelet-Neural Network Approach for Forecasting Electricity. Energy Studies Review Vol 24 (1) 2020, 4135
- Abdulsalam Alquhaif, Bakr Al-Gamrh, Rohaida Abdul Latif (2020) An overview of share buybacks: A descriptive case from Malaysia. Journal of Behavioral and Experimental Finance, Volume 28, 2020, 100415
- Benjamin Noury, Helmi Hammami, A.A. Ousama, Rami Zeitun (2020) The prediction of future cash flows based on operating cash flows, earnings and accruals in the French context. Journal of Behavioral and Experimental Finance, Volume 28, 2020, 100414
Publications in 2019
- Timajchi, A., Mirzapour Al-e-hashem, S.M.J., Rekik, Y. 2019. Inventory routing problem for hazardous and deteriorating items in the presence of accident risk with transshipment option. International Journal of Production Economics, Volume 209 (2019), pp 302-315
- Hasan, R., Lowe, B., & Petrovici, D. 2019. An Empirical Comparison of Consumer Innovation Adoption Models: Implications for Subsistence Marketplaces. Journal of Public Policy & Marketing, Volume 38 (1), pp 61–80
- Williams, A., Atwal, G., Bryson, D. 2019. Luxury craftsmanship – the emergent luxury beer market, British Food Journal, Volume 121, Issue 2, pp. 359-370
- Mamatzakis, E., Bagntasarian, A. 2019. Testing for the underlying dynamics of bank capital buffer and performance nexus. Review of Quantitative Finance and Accounting, Volume 52, N°2, pp 347-380
- Nemeh, A. and Yami, S. 2019. Orchestrating resources for FMA in coopetitive NPD. R&D Management, Volume 49, Issue 1, pp 64-85
- Braojos, J., Benitez, J., Llorens, J. 2019. How do social commerce-IT capabilities influence firm performance? Theory and empirical evidence. Information & Management, Volume 56, pp 155–171
- Trabelsi, D., Aziz, S., Lilti, J.-J. 2019. A behavioral perspective on corporate dividend policy: evidence from France. Corporate Governance: The International Journal of Business in Society, Volume 19 Issue 1, pp 102-119
- Kim, H., Kim, S.-Y. 2019. The bottleneck dilemma at headquarters: new product development for local markets. Journal of Business Strategy, Volume 40 Issue: 1, pp 3-9
- Koetz, C. 2019. Managing the customer experience: a beauty retailer deploys all tactics. Journal of Business Strategy, Volume 40 N° 1, pp 10-17
- Bryson, D., Atwal, G. 2019. Brand Hate: The Case of Starbucks in France, British Food Journal, Volume 121, Issue 1, 2019, pp. 172-182
- Atwal, G., Bryson, D., Tavilla, V. 2019. Posting Photos of Luxury Cuisine Online: An Exploratory Study, British Food Journal, Volume 121, Issue 2, 2019, pp. 454-465
- Azambuja, R., Islam, G. 2019. Working at the Boundaries: Middle Managerial Work as a Source of Emancipation and Alienation. Human Relations, Volume 72 (3), pp 534-564
- Mirzapour Al-e-hashem, S.M.J., Rekik, Y., & Hoseinhajlou, E.M. 2019. A hybrid L-shaped method to solve a bi-objective stochastic transshipment-enabled inventory routing problem. International Journal of Production Economics, Volume 209 (2019), pp 381-398
- Vichiengior, T., Ackermann, C.-L., Palmer, A. 2019. Consumer anticipation: antecedents, processes and outcomes. Journal of Marketing Management, Volume 35. Issues 1-2, pp 130-159
- Belboula, I., Ackermann, C.-L., Mathieu, J.-P., Cuny, C. 2019. Consumers’ responses to product design: Using a Semantic Priming Task to assess automatic understanding of product positioning. International Journal of Market Research, Volume 61 (2), pp 140-156
- Shahzad, S.J.H., Hoang, T.H.V., Arreola Hernandez, J. 2019. Risk spillovers between large banks and the financial sector: Asymetric evidence from Europe. Finance Research Letters, Volume 28 (2019), pp 153-159
- Palusuk, N., Koles, B., Hasan, R. 2019. All you need is brand love: a critical review of comprehensive conceptual framework for brand love. Journal of Marketing Management, Volume 35, Issue 1-2, pp 97-129
- Waluszewski, A., Snehota, I., La Rocca, A. 2019. What remains to be discovered? Manifesto for researching the interactive business world. Journal of Business § Industrial Marketing, Volume 34(1), pp. 232-239
- Matkovskyy, R. 2019. Centralized and decentralized bitcoin markets: Euro vs USD vs GBP. Quarterly Review Of Economics and Finance, Volume 71(2019), pp 270-279
- Farouqi, F., Ahsan, T., Mirza, S.S., Rao, Z. 2019. Corporate Governance, Cash Flows, and Bank Performance: Developed and Developing Countries. Multinational Finance Journal, 2019, Volume 23, no. 1/2, pp. 1–36
- Chi, W., Chen, C., Xiong, J., Fu, H. (2019) What Framework Promotes Saliency of Climate Change Issues on Online Public Agenda: A Quantitative Study of Online Knowledge Community Quora. Sustainability, Vol 11(6), 1619, pp. 1-24
- Gomez-Mejia, L.R., Neacsu, I., & Martin, G. (2019). CEO risk-taking and socioemotional wealth: the behavioral agency model, family control, and CEO option wealth. Journal of Management, Volume 45, issue 4, April 2019, pp 1713-1738
Alexakis, C., Izzeldin, M., Johnes, J., Pappas, V. 2019.
- Performance and productivity in Islamic and conventional banks: Evidence from the global financial crisis. Economic Modelling, Volume 79 (2019), pp 1-14
- Martiniello, G., Azambuja, R. (2019) Contracting Sugarcane Farming in Global Agricultural Value Chains in Eastern Africa: Debates, Dynamics and Struggles. Agrarian South: Journal of Political Economy, 8(1–2) 208–231, 2019.
- Danping Shao, Erhua Zhou, Peiran Gao, Lirong Long and Jie Xiong (2019) The double-edged Effects of Socially Responsible Human Resource Management on Employee Task Performance and Organizational Citizenship Behavior: Mediating by Role Ambiguity and Moderating by Prosocial Motivation. Sustainability 2019, 11, 2271; doi:10.3390/su11082271
- Hudson, S., Matson-Barkat, S., Pallamin, N., Jegou, G. 2019. With or without you? Interaction and psychological immersion in a virtual reality experience. Journal of Business Research, Volume 100, pp. 459-468.
- Boyd, E., Koles, B. 2019. Virtual reality and its impact on B2B marketing: A value-in-use perspective. Journal of Business Research, Volume 100 (2019) pp. 590-598
- Afshar, M.S., Pourheidari, O., Al-Gamrh, B., Jahanshahi, A.A. 2019. Audit management, need for closure and detection of misstatements. Journal of Accounting in Emerging Economies, Volume 9, issue 2, pp 237-250
- Matkovskyy, R., Jalan, A. (2019) From financial markets to Bitcoin markets: A fresh look at the contagion effect. Finance Research Letters, Vol. 31 (2019), pp. 93-97
- Hudson, S., Gonzalez, H., Claasen, C. 2019. Legitimacy, particularism and employee commitment and justice. Journal of Business Ethics, Volume 157, N°3, pp. 589-603
- Jha, A.K., Shah, S. 2019. Social Influence on Future Review Sentiments: An Appraisal-Theoretic Perspective. Journal of Management Information Systems, Volume 36:2, 2019, pp. 610-638
- Arreola-Hernandez, J., Al-Yahyaee, K.H., Hammoudeh, S., Mensi, W. 2019. Tail dependence risk exposure and diversification potential of Islamic and conventional banks. Applied Economics, Volume 51, N° 44, pp. 4856–4869
- Arreola-Hernandez, J., Shahzad, S.J.H., Salah Uddin, G., Kang, S.H. 2019. Can agricultural and precious metal commodities diversify and hedge extreme downside and upside oil market risk? An extreme quantile approach. Resources Policy, Volume 62 (2019), pp. 588-601
- Lucey, B., Dowling, M., Vigne, S., Corbet, S., Huang, S., Gao, X. 2019. An analysis of the intellectual structure of research on the financial economics of precious metals. Resources Policy, Volume 63, article ref 101416
- Matkovskyy, R., Bouraoui, T. 2019. Application of neural networks to short time series composite indexes: evidence from the nonlinear autoregressive with exogenous inputs (NARX) model. Journal of Quantitative Economics, Volume 17, Issue 2, June 2019, pp. 433-446
- Dowling, M., O’Gorman, C., Puncheva, P., Vanwalleghem, D. 2019. Trust and SME attitudes towards equity financing across Europe. Journal of World Business, Volume 54(6), article ref 101003, pp. 1-16
- Plaksina, Y., Gallagher, L., Dowling, M. 2019. CEO social status and M&A decision making. International Review of Financial Analysis, Volume 64, pp. 282-300
- Liu, Y., Bakici, T. 2019. Enterprise Social Media Usage: The Motives and the Moderating Role of Public Social Media Experience. Computers in Human Behavior, Volume 101C (2019) pp. 163-172
- Jabbouri, R., Schneckenberg, D., Truong, Y., Palmer, M. 2019. Institutional Means-ends Decoupling Work in Industrial R&D Project Implementation. Industrial Marketing Management, Volume 80 (2019), pp. 296-311
- Schneckenberg, D., Velamuri, V., Comberg, C. 2019. The design logic of new business models: unveiling cognitive foundations of managerial reasoning. European Management Review, Volume 16, 2019, pp. 427-447
- La Rocca, A., Perna, A., Sabatini, A., Baraldi, E. 2019. The emergence of the customer relationship portfolio of a new venture: a networking process, Journal of Business § Industrial Marketing, Volume 34/5, pp. 1066 – 1078.
- Siddik, M.N.A., Ahsan, T. and Kabiraj, S., 2019. Does Financial Permeation Promote Economic Growth? Some Econometric Evidence From Asian Countries. SAGE Open, July-September 2019 Volume: 9 issue: 3, pp. 1-13
- Farajallah, M., Hammond, R., Pénard, T. 2019. What Drives Pricing Behavior in Peer-to-Peer Markets? Evidence from the Carsharing Platform BlaBlaCar. Information Economics and Policy, Volume 48, (2019), pp. 15-31
- Schmidt, K.W., Hazir, O. 2019. Formulation and solution of an optimal control problem for industrial project control. Annals of Operations Research, Volume 280, (2019), pp. 337–350
- La Rocca, A., Perna, A., Snehota, I., Ciabushi, F. 2019. The role of supplier relationships in the development of new business ventures. Industrial Marketing Management, Volume 80 (2019), pp. 149-159
- Chelly, A., Nouira, I., Frein, Y., Hadj-Alouane, A.B. 2019. On The consideration of carbon emissions in modelling-based supply chain literature: the state of the art, relevant features and research gaps. International Journal of Production Research, Volume 57, Nos. 15–16, pp. 4977–5004
- Merle, R., Al-Gamrh, B, Ahsan, T. 2019. Tax havens and transfer pricing intensity: Evidence from the French CAC-40 listed firms, Cogent Business & Management. (2019), Volume 6: 1647918 pp. 1- 12
- Haitao Li, Jie Xiong , Jianhui Xie, Zhongbao Zho and Jinlong Zhang (2019) A Unified Approach to Efficiency Decomposition for a Two-Stage Network DEA Model with Application of Performance Evaluation in Banks and Sustainable Product Design. Sustainability 2019, 11, 4401; doi:10.3390/su11164401
- McColl, R., Truong, Y., La Rocca, A. 2019. Service guarantees as a base for positioning in B2B. Industrial Marketing Management, Volume 81, pp. 78-86
- Roessler, M., Velamuri, V. K., Schneckenberg, D. 2019. Corporate entrepreneurship initiatives: Antagonizing cognitive biases in business model design. R&D Management, Volume 49 (4), (2019), pp. 509-533
- Hasan, R., Liu, Y., Kitchen, P., Rahman, M. 2019. Exploring consumer mobile payment adoption in the bottom-of-the-pyramid context: A qualitative study. Strategic Change, Volume 28 (2019), pp. 345-353
- Matkovskyy, Roman. 2019. Extremal economic (inter)dependence studies: a case of the Eastern European countries, Journal of Quantitative Economics. Volume 17, September 2019, Issue 3, pp 667–698
- Saad, G., Bouraoui, T. 2019. Currency returns during democratic transition: Evidence from Tunisia, Managerial Finance, Volume 45 No. 7, 2019, pp. 966-979
- Bouraoui, T. External debts, current account balance and exchange rates in emerging countries. Economics Bulletin, Volume 39, Issue 4, pp.2333-2342
- Khan,H.U., Hammami, H. 2019. Measuring Internet Addiction in European Knowledge Based Societies: A Case Study of France. International Journal of Business Information Systems, Volume 32, Issue 2, 2019, pp. 199-218
- D’Estea, P., Llopis, O., Rentocchini, F., Yegros, A. 2019. The relationship between interdisciplinarity and distinct modes of university-industry interaction. Research Policy, Vol. 48, Issue 9 (November 2019) 103799
- McColl, R., Michelotti, M. 2019. Sorry, could you repeat the question? Exploring video-interview recruitment practice in HRM. Human Resource Management Journal, Volume 29, Issue 4, pp. 637-656
- Meqdadi, O.A., Johnsen, T.E., Johnsen, R.E. Power and Diffusion of Sustainability in Supply Networks: Findings from Four In-Depth Case Studies. Journal of Business Ethics, Volume 159, November 2019, Issue 4, pp. 1089-1110
- Atil, A., ben Bouheni, F., Lahiani, A., Shahbaz, M. 2019. Factors Influencing CO2 Emissions in China: A Nonlinear Autoregressive Distributed Lags Investigation. The Journal of Energy and Development. Volume 44, N°1, pp. 95-127
- Shahzad, S.J.H., Bouri, E., Arreola-Hernandez, J., Roubaud, D., Bekiros, S. (2019) Spillover across Eurozone credit market sectors and determinants. Applied Economics, Vol 51, N°59, pp.6333-6349
- Rahman, M., Rodríguez-Serrano, M.A., Lambkin, M. 2019. Brand equity and firm performance: the complementary role of corporate social responsibility, Journal of Brand management, Volume 26, Issue 6, November 2019, pp. 691-704
- Xu, L., Yan, J., Xiong, J. 2019. Network Characteristics and Organizational Innovation Capability: A Study of the Inter-organizational Collaboration Network of New Drug Development in Shanghai China. Strategic Change, Volume 28, Issue 6, pp. 499-506
- Wu, X., Xiong, J., Li, H., Wu, H. 2019. The myth of retail pricing policy for developing organic vegetable markets. Journal of Retailing and Consumer Services, Volume 51, November 2019, pp. 8-13
- Shahzad, S.J.H., Raza, N., Roubaud, D., Arreola-Hernandez, J., Bekiros, S. 2019. Gold as a safe haven for G-7 stocks and bonds: A revisit. Journal of Quantitative Economics, Volume 17 (2019), pp. 885–912
- Song, Q., Wang, Y., Chen, Y., Benitez, J., Hu, J. 2019. Impact of the usage of social media in the workplace on team and employee performance. Information & Management, Volume 56, Issue 8, December 2019, 103160.
- Roloff, J., Zyphur, M.J. 2019. Null Findings, Replications, and Pre-Registered Studies in Business Ethics Research. Journal of Business Ethics, Volume 160, N°3, pp. 609-619
- Kim, S.-Y. 2019. Competitive Market Embeddedness, Diversity of the Institutional Environment, and Firm Performance. Management International, Volume 23 (special), pp. 183-196
- Tauni, M.Z., Memon, Z.A., Fnag, H.-X., Jebran, K., Ahsan, T. 2019. Influence of Investor and Advisor Big Five Personality Congruence on Futures Trading Behavior. Emerging Markets Finance and Trade, Volume 55, Issue 15, pp. 3615-3630
- Safdar, R., Sikandar, M.S., Ahsan, T. 2019. Market pricing of liquidity risk: evidence from China. China Finance Review International, Volume 9, Issue 4, 2019, pp. 554-566
- Kang, S.H, Arreola-Hernandez, J., Yoon, S.M. 2019. Who leads the inflation cycle in Europe? Inflation cycle and spillover influence among Eurozone and non-Eurozone economies. International Economics, Volume 160 (2019), pp. 56-71
- Uddin, G.S., Arreola Hernandez, J., Labidi, C., Troster, V., Yoon, S.-M. 2019. The impact of financial and economic factors on Islamic mutual fund performance: Evidence from multiple fund categories. Journal of Multinational Financial Management, Volume 52–53 (2019), 100607
- Uddin, G.S., Shahzad, S.J.H., Boako, G., Areola Hernandez, J., Lucey, B.M. 2019. Heterogeneous interconnections between precious metals: Evidence from asymmetric and frequency-domain spillover analysis. Resources Policy, Volume 64 (December 2019), 101509
- Kang, S.H., McIver, R.P., Arreola Hernandez, J. 2020. Co-movements between Bitcoin and Gold: A wavelet coherence analysis. Physica A: Statistical mechanics and its Applications, Volume 536 (15 December 2019) 120888 [ABS 2]
- Khlif, W., El Omari, S., Hammami, H. 2019. Challenging the meaning of globalisation in Tunisian context: Social representation for public accountants. Society and Business Review, Volume 14, Issue 4, 2019, pp. 320-337
- Hammami, H., Al-omiri, M., Bouraoui, T., Ousama, A.A. (2019) Target costing: adoption and its relationships with competition intensity, intended strategy and firm size. Asia-Pacific Management Accounting Journal, Vol.14, Issue 3, pp 219-245, 2019.
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