bluuebunny/crossref_metadata_2025 huggingface dataset:
Intuition and mood of investors in financial markets
Authors: Braga Robson , Fávero Luiz Paulo Lopes , Takamatsu Renata Turola
Published: April 2017

Purpose

The purpose of this paper is to evaluate investor behaviour related to the timing of selling financial assets based on an intuitive evaluation of the current market trend and growth expectation.

Design/methodology/approach

The experiment involved 1,052 volunteer participants who made decisions about stock sales in an environment that simulated a home broker platform to negotiate stocks. Zero-inflated regression models were used.

Findings

The results show that investors’ attitudes, or beliefs, determine whether they will buy or keep risky assets in their investment portfolios; they may decide to sell such assets, even though market shows an upward trend. Such results make a new contribution to behavioural finance within the context of prospect theory and the disposition effect.

Originality/value

The originality of this paper lies in the use of new and innovative techniques (zero-inflated Poisson and negative binomial regression models) applied to real data obtained experimentally.
A causal relationship model linking corporate reputation and customer-based brand equity
Authors: Casimiro Almeida Maria Graça , Coelho Arnaldo
Published: April 2017

Purpose

The purpose of this paper is to understand the precursors of corporate reputation (CR) and their impacts on brand equity (BE), and to analyse the moderating role of corporate social responsibility (CSR) perceptions.

Design/methodology/approach

This study proposes a theoretical model which is tested using structural equation modelling. In total, 464 valid questionnaires were collected from a sample of customers of the biggest union of dairy cooperatives of the Iberian Peninsula.

Findings

Results show that the better the reputation, the higher the BE; however, these findings are more robust among customers with higher perceptions of CSR.

Research limitations/implications

This study is based on cross-sectional data from a single company.

Practical implications

The results may help managers build a better reputation and therefore increase their BE. CSR practices are essential to reinforcing this relationship.

Social implications

This paper contributes to the competitiveness of a type of organisation which is closely associated to the social structure of the rural population.

Originality/value

The results may help cooperatives’ managers to increase CR and BE. The emphasis is on the need to adopt CSR practices.
Going back to the roots of entrepreneurship
Authors: Bizjak Davide , Calcagno Monica , Sicca Luigi Maria
Published: April 2017

Purpose

The purpose of this paper is to investigate the specific field of arts entrepreneurship by focussing on the practices of vertical dance; a language of contemporary dance where dancers act on a vertical axis, moving suspended on the surface of buildings and walls. The authors’ focus on vertical dance as a meaningful corporal practice to explore the particular combination of dance and human movement, going beyond its purely metaphoric dimension.

Design/methodology/approach

The authors’ adopt a micro-social perspective, observing the practices (Gherardi, 2012; Nicolini, 2012; Sicca, 2000), that took place from 2013 to 2015 in the daily work of Wanda Moretti, a Venetian choreographer and co-founder of the company “Il posto”, observed in different contexts of artistic practices (Zembylas, 2014).

Research limitations/implications

Deconstructing the overlapping dimensions that compose the space in our daily experience (force of gravity and the supporting surface), vertical dance clarifies how often we undervalue the complexity of the space and, at the same time, opens up the way for a better understanding and investigation of entrepreneurship in artistic fields.

Originality/value

The study sheds light on the way in which different categories, such as the human body, space, and movement, are a particular entanglement of elements, useful in highlighting some of the fundamental assumptions at the heart of the field of entrepreneurship. The heterogeneous complexity of space and bodies is emphasised, challenging its ordinary conceptualisation.
Do family CEOs benefit investment efficiency when they face uncertainty?
Authors: Gao Weiwei , Li Wanli , Huang Zhen
Published: April 2017

Purpose

This paper aims to investigate whether family CEOs benefit investment efficiency under uncertainty with Chinese family firms and to test the moderating effect of ownership structure, including family ownership, the separation of family control from family ownership and the multiple large shareholder structure.

Design/methodology/approach

Fixed-effects models are designed for a sample of 5,734 firm-year observations for Chinese family firms from 2009 to 2014.

Findings

The results show that investment efficiency is low under uncertainty, and having family CEOs can reduce this negative relationship. Further analysis reveals that for firms with family CEOs, the negative effect of uncertainty on investment efficiency is weaker when the family has higher ownership, when family control is less separated from family ownership, or when family firms have multiple large shareholder structures.

Research limitations/implications

The authors do not distinguish founder-CEOs and descendant-CEOs. Most of Chinese family firms are still managed by founders, so the authors cannot explore the generation effect although different generations manage firms differently. Because family succession is becoming a more and more important problem in China, further research may be able to explore the generation effect.

Practical/implications

This paper suggests that in emerging economies with weak investor protection, outside minority shareholders can avoid expropriation from family owners by investing in firms with large family ownership, little separation of family control from ownership or multiple large shareholder structure. In addition, policymakers can encourage institutional investors to participate in family business to improve corporate governance.

Originality/value

Drawing on both Type I and Type II agency theory perspectives, the authors argue that although family CEOs can generally benefit firms’ investment efficiency, the benefits vary with firms’ ownership structure. In other words, family CEOs are not absolute agents or stewards but some extent of combination of both.
Does R&D create additional business value through IT?
Authors: Wang Yu , Wang Tie-nan , Li Xin
Published: April 2017

Purpose

R&D indicates absorptive capacity, which may affect IT payoff. The purpose of this paper is to examine how R&D investment affects the relation between IT investment and firm performance and under what circumstances R&D intensity is more beneficial to IT returns. Such study has been lacking in R&D research and IT payoff literature.

Design/methodology/approach

A conceptual model for linking IT investment, R&D investment, environmental dynamism and firm performance was developed and tested by data collected from Chinese listed firms from 2007 to 2013, using fixed effects regression model.

Findings

The results show positive moderating effects of firm R&D investment and government R&D subsidies on the relation between IT investment and firm performance. Furthermore, the impact of firm R&D investment on IT payoff is stronger for firms in more dynamic environments. The findings suggest that R&D investment creates additional business value through interactions with IT, and complementarities between R&D and IT, as manifested in their interaction effect on firm performance vary across industry sectors.

Research limitations/implications

This paper indicates the importance of complementarities between R&D and IT, which should prove helpful to researchers and practitioners engaged in Chinese business.

Originality/value

This paper presents one of the first attempts at examining the moderating effect of R&D investment on the relation between IT investment and firm performance. Especially this study helps to understand under what circumstances R&D investment is more or less likely to be beneficial to IT returns.
The impact of director’s heterogeneity on IPO underpricing
Authors: Xu Zhi-Jian , Wang Li , Long Jing
Published: April 2017

Purpose

The purpose of this paper is to investigate whether the Boardroom heterogeneity affects IPO underpricing for entrepreneurial firms, where Boardroom heterogeneity was classified in terms of functional background, educational background, age and length of tenure.

Design/methodology/approach

A national research design was conducted using data collected from 355 firms listed on China’s Growth Enterprise Market from its start in 2009 to 2012.

Findings

The author found that IPO underpricing has a significant negative correlation with functional heterogeneity, a positive correlation with educational heterogeneity, a significant negative correlation with age heterogeneity, but it does not show significant correlation with heterogeneity in tenure. Board heterogeneity affects IPO underpricing of entrepreneurial firms partially, which means functional, educational and age heterogeneity conveys signals to potential investors regarding a firm’s quality.

Research/limitations/implications

More entrepreneurial firms in more years for data and long-term performance research design in future research would be required for further understanding of the relationships among the variables in this study.

Practical/implications

This paper suggests that IPO firms may make use of such an influencing mechanism to determine the issue price or to control the IPO underpricing by showing the Boardroom heterogeneity.

Originality/value

This paper revealed the influence of the characteristics of board members of such firms on IPO underpricing, which is rare in recent studies comparing to the study for the top management team; also this study provides empirical support for such effect.
How emergent strategy influences institution: a qualitative study of a private firm in China
Authors: Zhao Jing , Wang Ming , Zhu LiMin
Published: April 2017

Purpose

Institutional work mainly focused on the purposive action of rational actors. However, the evolution of institution is not only affected by deliberate actions but also by emergent strategic patterns. Through a qualitative study of emergent aggression strategy in a Chinese leading private firm, Gome, this paper aims to explore the role of emergent strategy in institutional work. The paper finds that emergent strategy influences the normative and cognitive institution unconsciously and offers actors specialized identities. The present analysis also suggests that the emergent strategy-based institution needs a supporting and repairing system for maintenance.

Design/methodology/approach

This study primarily considers the micro aspect of emergent strategy and institutional work. It calls for detailed observation, interviews and archival materials which can make up a comprehensive in-depth picture. The authors remain skeptical to what people claim and try to get multiple sources of information. Also, the topic the authors deal with is relatively under-researched, and it is valuable to get explorative richness. Therefore, an interpretive qualitative approach is adopted to investigate actual events from “the native’s” perspective.

Findings

We found that an emergent strategy, which is realized but without previous plans, can also construct a “proto-type institution”, only in an unconscious way. The precondition is that the strategic resources of the focal firm are abundant enough for it to set the criteria of inter-organizational sanctions and rewards. In addition, the authors believe that supportive system and repairing system underpin the maintenance of established institutions.

Originality/value

First, by combining the research on emergent strategy to institutional work, the authors extend the scope of the latter by adding unconscious institutional work. Even if the agent-based view is adopted, rational actors can still influence the institution. Second, the authors explored the institutional outcome of emergent strategy, which fills the paucity of strategy process research. Third, aggression, the specific emergent strategy in this paper, can be turned into “plans for the future”. Its prevalence in the emerging market will attract more academic attention.
Testing extremely small samples using the flash diffusivity method
Authors: McMasters Robert , Harth Zachary J. , Taylor Ryan P. , Brooke George M.
Published: April 2017

Purpose

The purpose of the present research is to examine very small-sized samples of approximately 2-mm diameters. For samples of this size, the holder must make contact with the entire perimeter surface of the sample, and the sample is held in place by friction. This necessitates a mathematical model for the direct solution which accommodates the holder and a contact resistance between the holder and the sample.

Design/methodology/approach

Most flash diffusivity testing is performed on samples which are nominally 12-13 mm in diameter and are held by only a small contact area around the perimeter of the sample in a holder. With an experiment set up in this way, the effects of conduction between the sample and the holder are normally ignored.

Findings

This research examines the effects of the holder and the contact resistance on the measured thermal diffusivity of the sample and includes experimental results from laboratory measurements.

Originality/value

This work provides a method for finding thermal diffusivity for extremely small samples. This capability is important in cases involving precious materials or highly toxic materials where only small samples are available.
Multicriteria identification of parameters in microscale heat transfer
Authors: Kus Waclaw , Dziatkiewicz Jolanta
Published: April 2017

Purpose

The purpose of this paper is to present the multicriteria identification method used for solving the microscale heat transfer problem. The thin film exposed to ultrashort laser pulse is modeled using the finite difference method. The parameters of the model are tuned on the basis of experimental data. The multicriteria identification of the numerical model parameters is performed for subsets of experimental data.

Design/methodology/approach

The multicriteria identification method is used in the paper. The Pareto front for two criterions is created. The two-temperature model of heat transfer in microscale is used in the numerical model.

Findings

The multicriteria identification for two subsets of experimental data leads to different results. The obtained Pareto front allows to choose the most suitable set of numerical model parameters.

Originality/value

The multicriteria identification method was used for the first time to solve the microscale heat transfer problem.
Estimation of the non-linear diffusion coefficient with Marcov Chain Monte Carlo method based on the integral information
Authors: Bulinski Zbigniew , Orlande Helcio R.B.
Published: April 2017

Purpose

This paper aims to present development and application of the Bayesian inverse approach for retrieving parameters of non-linear diffusion coefficient based on the integral information.

Design/methodology/approach

The Bayes formula was used to construct posterior distribution of the unknown parameters of non-linear diffusion coefficient. The resulting aposteriori distribution of sought parameters was integrated using Markov Chain Monte Carlo method to obtain expected values of estimated diffusivity parameters as well as their confidence intervals. Unsteady non-linear diffusion equation was discretised with the Global Radial Basis Function Collocation method and solved in time using Crank–Nicholson technique.

Findings

A number of manufactured analytical solutions of the non-linear diffusion problem was used to verify accuracy of the developed inverse approach. Reasonably good agreement, even for highly correlated parameters, was obtained. Therefore, the technique was used to compute concentration dependent diffusion coefficient of water in paper.

Originality/value

An original inverse technique, which couples efficiently meshless solution of the diffusion problem with the Bayesian inverse methodology, is presented in the paper. This methodology was extensively verified and applied to the real-life problem.
Does PAPI monitoring improve local governance? Evidence from a natural experiment in Vietnam
Authors: Giang Long , Nguyen Cuong , Tran Anh
Published: April 2017

Purpose

The purpose of this study is to examine the effect of monitoring local authorities on the quality of governance and public services reported by citizens in Vietnam, using the Vietnam Governance and Public Administration Performance Index (PAPI) surveys.

Design/methodology/approach

PAPI randomly selected 200 locations in 93 districts of 30 provinces to conduct its survey in 2010, and subsequently rolled out the survey nationally in 2011 and 2012. Using 2011 and 2012 survey data, the authors compare the quality of governance and public services reported in provinces and districts that were covered in the 2011 PAPI survey with those that were not surveyed in 2010. Theories suggest that local authorities may improve their behavior if they have been surveyed and are, thus, aware that they are being monitored, leading to higher quality governance.

Findings

In this paper, the authors find that governance quality reported in later years by citizens in the surveyed provinces and districts of the 2010 PAPI survey was significantly higher than the quality reported by citizens in locations that were not surveyed in 2010. Monitoring appears to improve a wide range of governance aspects, including local participation in village decisions, transparency of local decision-making, accountability, administrative procedures and public service delivery.

Originality/value

The main innovation of this study is to use a randomized survey on governance as a natural experiment to measure the impact of monitoring on the quality of governance and public services, as reported by citizens.
Intellectual property rights, migrants and competitiveness
Authors: Yang Xiaohui , Zhang Huiying
Published: April 2017

Purpose

This paper aims to explore the moderating effect of intellectual property rights (IPR) protection on the relationship between migrants and competitiveness.

Design/methodology/approach

This study explores how IPR protection in the sending country stimulates domestic competitiveness by creating the right environment for migrants who want to return to their home country.

Findings

The authors found that IPR protection has a positive moderating effect on the relationship between migrants and competitiveness. This impact decreases as the technology of the home country approaches frontier technology. Focusing on female migrants, the authors find that this impact exists and exhibits a U-shaped relationship over the course of economic development.

Originality/value

First, this is the first empirical analysis focusing on the influence of returned emigrants on competitiveness. Second, the moderating effect of IPR varies with economic development. Third, this study focuses on female migrants and finds that there is an impact, and this impact exhibits a U-shaped relationship over the course of economic development.
Three years after their first social justice index: how well did LDCs perform?
Authors: Helmy Heba E.
Published: April 2017

Purpose

The purpose of this paper is to utilize a newly constructed index for social justice, with its two versions SJI-1 and SJI-2, to measure new values for the indexes in 35 countries in two periods, 2005-2010 and 2011-2015, in an attempt to assess quantitatively how less developed countries developed through time in terms of social justice.

Design/methodology/approach

The paper obtained data for 35 developing countries in the six subindicators used to quantify the six dimensions of the social justice index. The values of the subindicators were then normalized and aggregated to form SJI-1 and SJI-2, each of which assigns different weights for its subindicators, for the 35 countries in the two periods 2005-2010 and 2011-2015.

Findings

Results of the new values of the index in its two versions were close in showing how 31 countries (according to SJI-1) and 29 countries (according to SJI-2) managed to improve their levels of social justice, while the indexes of only three countries (according to SJI-1) and six countries (according to SJI-2) worsened. Nevertheless, the index depicted that some countries performed better than others by improving their ranks at the expense of others. Comparison of the study’s quantitative results with qualitative research seems to provide some support for SJI-2 in echoing social justice compared to SJI-1.

Originality/value

The study is a vital tool for policymakers for appraising the levels of social justice in their respective countries, both in absolute terms by highlighting the scores of their countries with respect to social justice, and in relative terms by clarifying where their countries stand through cross-country comparisons, in addition to identifying dimensions of social justice which are in need of intervention for further enhancement.
Trade, aid and terror
Authors: Asongu Simplice , Kodila-Tedika Oasis
Published: April 2017

Purpose

This paper aims to assess the role of foreign aid in reducing the hypothetically negative impact of terrorism on trade using a panel of 78 developing countries with data for the period 1984-2008.

Design/methodology/approach

The empirical evidence is based on interactive generalised method of moment estimations with forward orthogonal deviations. Bilateral, multilateral and total aid dynamics are used, whereas terrorism entails domestic, transnational, unclear and total terrorism dynamics.

Findings

The following findings have been established. First, while bilateral aid has no significant effect on trade, multilateral aid and total aid have positive impacts. Second total terrorism, domestic terrorism and transnational terrorism increase trade with increasing order of magnitude. Third, corresponding negative marginal effects on the interaction between foreign aid (bilateral and total) and terrorism display thresholds that are within range. Fourth, there is scant evidence of positive net effects. Overall, the findings broadly indicate that foreign aid is a necessary but not a sufficient policy tool for completely dampening the effects of terrorism on trade.

Originality/value

There is a growing policy interest in the relationship between terrorism and international development outcomes.
Are manufacturing workers benefiting from trade? The case of Mexico’s manufacturing sector
Authors: Villanueva Luis
Published: April 2017

Purpose

This paper aims to focus on the distributive implications of trade by studying how manufacturing workers’ relative earnings and employment have changed in post–North American Free Trade Agreement (NAFTA) Mexico (1995-2011).

Design/methodology/approach

Input–Output analysis and inequality analysis were combined to reveal the empirical relationship between trade, wage inequality and employment in the manufacturing sector in post-NAFTA Mexico.

Findings

The results reveal that the manufacturing sectors that produce for the export market tend to pay among the lowest wages and yet employ around half of the manufacturing working population; wages in labor-intensive sectors have not been increasing, while wage inequality has been rising; and employment creation due to trade is not always positive and sustained, hence does not seem to be a stable source of jobs. The paper concludes by discussing policy implications of the findings.

Originality/value

The main focus of the existing literature has been to explain the disconnection between trade and growth. This paper shifts the focus towards the distributive dimension of trade (rather than growth) by focusing on how manufacturing workers' relative earnings and employment have changed in post-NAFTA Mexico (1995-2011). Hence it attempts to contribute to the existing literature on the distributive implications of trade.
Exploring work-related attributions of sickness absence during organizational change
Authors: Grønstad Anniken Fossland
Published: April 2017

Purpose

The purpose of this paper is to review the literature on the relationship between organizational change and sickness absence and to map and describe the prevailing “trends” in the field. In particular, the paper focuses on the indirect links between change and sickness absence and identifies knowledge gaps and novel research opportunities.

Design/methodology/approach

A scoping review was conducted seeking to generate a wide-ranging overview of relevant studies. To this end, research articles were collected through different sources of landmark articles, bibliographies and databases.

Findings

The association between organizational change and sickness absence is often explained by adverse changes in work characteristics. Such potential mediation or moderation effects, however, are rarely statistically tested. Including such variables in the analyses may represent an important avenue for future research. Additionally, earlier studies have mainly emphasized organization-wide episodic changes. Recently, however, researchers have focused on smaller and frequently implemented changes. Accordingly, the field of organizational change and occupational health may advance by incorporating greater diversity of change type.

Originality/value

The paper demonstrates that attention to the potential health effects of organizational change will remain important as the field of workplace health management proceeds. Research needs to develop beyond attributions of the relationship between change and sickness absence and focus more on statistical testing of linking variables. The unique contribution of this review is therefore that it identifies knowledge gaps and novel avenues for prospective research.
How managers of small-scale enterprises can create a health promoting corporate culture
Authors: Landstad Bodil J. , Hedlund Marianne , Vinberg Stig
Published: April 2017

Purpose

Small-scale enterprises (SSEs) are important for sustainable development in Europe and account for a significant proportion of private enterprises and their large contribution to employment. The purpose of this paper is to explore workplace health management (WHM) from the perspective of managers in SSEs in Norway and Sweden.

Design/methodology/approach

In-depth interviews with 18 managers in SSEs were conducted and a stepwise qualitative analysis was used.

Findings

The findings are presented as two main patterns: inter-organisational dynamics and participative leadership. Managers discussed opportunities for WHM to foster solidarity and flexibility in the workplace, the potential of employees for self-governance and a cultural environment at the workplace characterized by safety, trust, care, loyalty and humour. The managers employed a process-oriented communicator style, were all-rounders, and demonstrated dedicated and distinct management. Managers in SSEs were lone problem solvers and experienced high and conflicting work demands and work-family conflicts.

Research limitations/implications

The findings should be interpreted with caution concerning representation of SSEs generally. The enterprises were recruited from an intervention project focussing on WHM and might, therefore, have a positive attitude.

Practical implications

The managers obtain recommended information about what to do and how to address WHM in SSEs.

Originality/value

This study adds important knowledge regarding the preconditions for creating health promoting workplaces in SSEs, an area for which limited research exists. The findings provide insights and knowledge about managers’ possibilities and obstacles in WHM. The findings could be transferrable to management in similar contexts if managers develop more awareness and knowledge.
A note on money creation in emerging market economies
Authors: Ponomarenko Alexey
Published: April 2017

Purpose

This paper aims to discuss the money creation mechanisms in emerging markets with special focus on external transactions and outlines the implications for monetary policy and financial stability issues.

Design/methodology/approach

To make the argument, the authors analyze a historical episode of flows of funds in Korea and Russia and conduct a canonical correlation analysis for a cross-section of emerging market economies.

Findings

The authors show that changes in the net foreign assets of the banking system are associated with (or cause) deposits fluctuations. In emerging markets, however, the scope of such fluctuations is limited unless driven by changes in the foreign reserves of a central bank.

Originality/value

Some preliminary implications for financial stability implementation may be drawn from this analysis. Introducing the net stable funding ratio requirement is unlikely to have any significant destabilizing effect on credit creation in emerging markets (in this regard, it is similar to the restriction on banks’ foreign currency position, which is a common prudential measure). Instead, it is likely to trigger a balance of payment adjustment that is similar to that experienced by an economy during its transition from fixed to flexible exchange rate regime.
The macroeconomic effects of fiscal consolidation policies in Greece
Authors: Papadamou Stephanos , Tzivinikos Trifon
Published: April 2017

Purpose

This paper aims to investigate the effects of contractionary fiscal policy shocks on major Greek macroeconomic variables within a structural vector autoregression framework while accounting for debt dynamics.

Design/methodology/approach

The sign restriction approach is applied to identify a linear combination of government spending and government revenue shock simultaneously while accounting for debt dynamics. Additionally, output and unemployment responses to fiscal shocks under different scenarios concerning the amalgamation of austerity measures are considered.

Findings

The results indicate that a contractionary consumption policy shock, namely, a 1 per cent decrease in government consumption and a 1 per cent increase in indirect taxes, is preferred, as it produces a minor decrease in output and substantially decreases public debt, while a contractionary wage policy shock is suitable only when the government aims to sharply reduce public debt, as the consequences for the economy are harsh. A contractionary investment policy shock is not recommended, as it triggers a rise in unemployment and a fall in output, while the effect on the public debt is minor.

Practical implications

Policymakers should focus their efforts on reducing unproductive government consumption on the expenditure side. Concerning revenues, the reinforcement of tax administration is recommended to ensure that indirect taxes will be collected.

Originality/value

This paper contributes to the existing literature by providing a disaggregated analysis of the effects of fiscal policy actions in Greece by implementing several fiscal policy scenarios and accounting for the level of public debt. All scenarios are in the vein of the economic adjustment programs guidelines.
Positive emotion in knowledge creation
Authors: Hodgins Michael , Dadich Ann
Published: April 2017

Purpose

Despite the importance of evidence-based practice, the translation of knowledge into quality healthcare continues to be stymied by an array of micro, meso and macro factors. The purpose of this paper is to suggest a need to consider different – if not unconventional approaches – like the role of positive emotion, and how it might be used to promote and sustain knowledge translation (KT).

Design/methodology/approach

By reviewing and coalescing two distinct theories – the broaden-and-build theory of positive emotions and the organisational knowledge creation theory – this paper presents a case for the role of positive emotion in KT.

Findings

Theories pertaining to positive emotion and organisational knowledge creation have much to offer KT in healthcare. Three conceptual “entry points” might be particularly helpful to integrate the two domains – namely, understanding the relationship between knowledge and positive emotions; positive emotions related to Nonaka’s concept of knowledge creation; and the mutual enrichment contained in the parallel “upward spiralling” of both theories.

Research limitations/implications

This is a conceptual paper and as such is limited in its applicability and scope. Future work should empirically explore these conceptual findings, delving into positive emotion and KT.

Originality/value

This is the first paper to bring together two seemingly disparate theories to address an intractable issue – the translation of knowledge into quality healthcare. This represents an important point of departure from current KT discourse, much of which continues to superimpose artefacts like clinical practice guidelines onto complex healthcare context.
Can hospital dashboards provide visibility of information from bedside to board? A case study approach
Authors: Pace Adriana , Buttigieg Sandra C.
Published: April 2017

Purpose

The purpose of this paper is to analyse hospital dashboards’ visibility of information at different management levels to improve quality and performance in an acute general hospital.

Design/methodology/approach

Data were generated via 21 semi-structured interviews across different management levels.

Findings

All management levels had greater visibility of information, could make informed decisions, and registered performance improvement. Specifically, waiting time improved, however since introduction of hospital dashboards was work-in-progress at time of study, managers could not record improvement in terms of cost reductions, clinical effectiveness, patient safety and patient satisfaction. Different managerial levels had different visibility with top management having the greatest.

Research limitations/implications

In single case studies, where only one context is used, the findings cannot be reproduced in different contexts; even though most of the results could be matched with the current literature.

Practical implications

The need to have balanced key performance indicators that take into account other facets of improvements, apart from time, has been emphasised. Furthermore, if middle and departmental managers have greater visibility, this would allow them to work towards a strategic fit between the departments that they manage with the rest of the hospital.

Originality/value

There is scant literature regarding performance dashboards’ enhancement of visibility of information at different management levels. Furthermore, according to the authors’ knowledge, no other paper has tried to identify and discuss the different levels of information, which should be visible from bedside to board namely to management, clinicians and public.
Men’s health and communities of practice in Australia
Authors: Henwood Maree , Shaw Amie , Cavanagh Jillian , Bartram Timothy , Marjoribanks Timothy , Kendrick Madeleine
Published: April 2017

Purpose

The purpose of this paper is to examine the social opportunities for Aboriginal and Torres Strait Islander men created through Men’s Groups/Sheds across urban, regional and remote areas of Australia. Men’s Sheds are a safe space, resembling a work-shop setting or backyard shed, where men are encouraged to socialise and participate in health promotion, informal learning and engage in meaningful tasks both individually and at the community level.

Design/methodology/approach

Explore five case study sites through Wenger’s (1998) active communities of practice (CoP). Qualitative methods are presented and analysed; methods comprise semi-structured interviews and yarning circles (focus groups). Five Indigenous leaders/coordinators participated in semi-structured interviews, as well as five yarning circles with a total of 61 Indigenous men.

Findings

In a societal context in which Indigenous men in Australia experience a number of social and health issues, impeding their quality of life and future opportunities, the central finding of the paper is that the effective development of social relations and socially designed programs through Men’s Groups, operating as CoP, may contribute to overcoming many social and health well-being concerns.

Originality/value

Contributions will provide a better understanding of how Indigenous men are engaging with Men’s Sheds, and through those interactions, are learning new skills and contributing to social change.
Gender bias in hospital leadership: a qualitative study on the experiences of women CEOs
Authors: Soklaridis Sophie , Kuper Ayelet , Whitehead Cynthia R. , Ferguson Genevieve , Taylor Valerie H. , Zahn Catherine
Published: April 2017

Purpose

The purpose of this paper is to examine the experiences of gender bias among women hospital CEOs and explore to what these female leaders attribute their success within a male-dominated hospital executive leadership milieu.

Design/methodology/approach

This qualitative study involved 12 women hospital CEOs from across Ontario, Canada. Purposeful sampling techniques and in-depth qualitative interview methods were used to facilitate discussion around experiences of gender and leadership.

Findings

Responses fell into two groups: the first group represented the statement “Gender inequality is alive and well”. The second group reflected the statement “Gender inequity is not significant, did not happen to me, and things are better now”. This group contained a sub-group with no consciousness of systemic discrimination and that claimed having no gendered experiences in their leadership journey. The first group described gender issues in various contexts, from the individual to the systemic. The second group was ambivalent about gender as a factor impacting leadership trajectories.

Originality/value

Representations of women’s leadership have become detached from feminism, with major consequences for women. This study reveals how difficult it is for some women CEOs to identify gender bias. The subtle everyday norms and practices within the workplace make it difficult to name and explain gender bias explicitly and may explain the challenges in understanding how it might affect a woman’s career path.
Marketing spending and aftermarket performance of IPO firms
Authors: Fine Monica B. , Gleason Kimberly , Mullen Michael
Published: April 2017

Purpose

Increasingly, marketing managers are asked to consider the financial implications, in terms of both book and market values, when making strategic decisions. The purpose of this paper is to investigate the role of marketing expenditures in explaining the variation in the aftermarket performance of a sample of firms conducting initial public offerings (IPOs).

Design/methodology/approach

Theories from marketing and finance – market-based assets (MBA) theory and signaling theory respectively – serve as the conceptual basis of this paper. The results of this study, based on a sample of 2,103 IPOs covering the 1996 to 2008 time period, suggest that increased marketing spending positively impacts aftermarket (i.e. stock price) performance.

Findings

The authors find that while short-run aftermarket performance is positively and significantly impacted by pre-IPO marketing spending, long-run firm performance measures do not appear to be impacted by pre-IPO marketing spending. Further, pre-IPO marketing spending does not incrementally reduce underpricing or improve long-run performance when the IPO takes place during extreme market conditions such as recessions or hot markets, and these results are important to the shareholders and potential investors in the firm.

Research limitations/implications

Theoretically this paper advances the literature on the marketing-finance interface by extending the MBA and signaling theories. For practice, the results indicate that spending more money on marketing before the IPO and disclosing this information produces positive bottom-line results for the firm.

Originality/value

While Luo (2008) documents a significant relationship between the firms’ pre-IPO marketing spending and IPO underpricing, few studies explore the impact of marketing spending on stock price performance beyond the first day of trading. This paper makes three unique contributions. First, the authors extend Luo’s study by investigating the effect of marketing expenditures on underpricing during extreme market conditions. Second, the authors are the first to examine IPO performance in the long-run as well as the short-run. Finally, the authors assess how long-run performance is impacted by marketing spending during extreme market conditions. The findings of this study has implications for managers and shareholders of firms considering going public through a traditional IPO.
Threat, efficacy and message framing in consumer healthcare
Authors: Nandakumar Nachiketas , Sivakumaran Bharadhwaj , Kalro Arti , Sharma Piyush
Published: April 2017

Purpose

The purpose of this paper is to empirically examine the interactive effects of message framing, perceived threat and efficacy appeals on attitudes/intentions toward consumer healthcare communications, particularly, cataract surgery.

Design/methodology/approach

This paper develops two conceptual models dealing with threat, efficacy and framing and tests them with data collected from two field experiments.

Findings

The results reveal that high efficacy messages in combination with high threat or loss-framed messages have a significant positive influence on consumer attitudes and intentions in the consumer healthcare arena.

Practical implications

The findings have managerial value and public policy implications for healthcare officials in developing effective communications material. Specifically, this paper recommends that high threat, high efficacy and loss-framed efficacy messages be used.

Originality/value

This research extends previous work by demonstrating the effectiveness of threat appeals and framing on consumer attitudes and intentions to undergo cataract surgery. It also demonstrates the use of communication models in the healthcare domain.
Personality factors as predictors of online consumer engagement: an empirical investigation
Authors: Ul Islam Jamid , Rahman Zillur , Hollebeek Linda D.
Published: April 2017

Purpose

The purpose of this paper is to provide insight into the relationship between consumer personality traits and consumer engagement (CE) in the online brand community (OBC) context. This study also examines the effect of CE on consumers’ ensuing purchase intention.

Design/methodology/approach

Using a survey incorporating the Big Five model of personality, 390 responses were collected from students who were members of at least one Facebook-based OBC. Structural equation modeling was used to analyze the data.

Findings

The results reveal that extraversion represents the strongest driver of CE in OBCs, followed by openness to experience, neuroticism and agreeableness. Conscientiousness was found to be negatively related to CE. The findings also indicate a positive association between CE and purchase intention.

Practical implications

This paper highlights the ways in which marketers can capitalize on consumer personality traits and develop corresponding strategies that will not only increase CE in OBCs, but also consumers’ ensuing purchase intent for specific offerings.

Originality/value

This research is among the first to demonstrate and empirically validate insight into the ways in which consumer personality traits drive CE in OBCs. This study, thus, adds to the rapidly developing research stream on CE by exposing and empirically validating an integrated set of influential consumer personality-based antecedents of CE, and examining key ensuing outcomes of CE.
Celebrity endorsement and stock market return
Authors: Prentice Catherine , Zhang Lei
Published: April 2017

Purpose

Celebrity endorsement advertising receives increased attention in the relevant literature. Approaching from the abnormal stock market return perspective, the purpose of this paper is to investigate the potential risks and expected profit associated with celebrity endorsement. The factors that are included in this investigation are the attributes relating to celebrities and the endorsed firms.

Design/methodology/approach

Data were collected from over 300 firms that use celebrity endorsements and are listed in two of the biggest stock exchanges in China. The study uses the event study method to analyze the proposed relationships.

Findings

Some of the findings in the current study are consistent with or contrast to those in previous research. Specifically, this study finds that the celebrities’ demographics such as age and gender have little influence on financial return of the endorsed firm. However, investors respond rather negatively toward using actor celebrities to endorse a product or a brand, especially for high-tech products. The match-up endorsement has a positive effect on the firm’s abnormal return.

Research limitations/implications

The current study has implications for the relevant literature and practitioners. Very few studies have used stock market return to measure celebrity endorsement effectiveness. This study provides insights into the influence of various factors associating with celebrities and the endorsed firm, extending the celebrity endorsement research into a broader domain. In particular, this study has practical implications for firms that have used or intend to use actor celebrity endorsement.

Originality/value

This study is the first to use event study method to comprehensively analyze influence of attributes relating to both the celebrities and the endorsed firms in China on stock market return.
The effects of regulatory announcements on risk and return: the Vietnamese experience
Authors: Pham Huy N.A. , Ramiah Vikash , Moosa Imad , Nguyen Justin Hung
Published: April 2017

Purpose

The purpose of this paper is to test the effects of financial regulatory announcements on risk and return in the Vietnamese equity market.

Design/methodology/approach

The event study methodology is used for the return analysis, and asset pricing models are adjusted for the risk analysis. Various robustness tests are used, including the Corrado non-parametric ranking test and the Chesney et al. non-parametric conditional distribution test, as well as GARCH, TARCH, EGARCH and PARCH specifications for the risk models.

Findings

The authors find evidence for both negative and positive reactions as well as risk shifting behaviour in the form of a diamond risk structure.

Originality/value

This paper fills a major gap in the literature by investigating the market’s reaction to bank regulatory announcements across financial and non-financial sectors in the Vietnamese equity market.