cometadata/datacite-titles-descriptions-related-identifiers huggingface dataset:
DOI: 10.6084/m9.figshare.26347930.v1
title: Long-term effect of the form of payment in Spanish mergers and acquisitions: an event study

description: This paper explores the methods of payments for companies engaged in mergers or acquisitions, focusing on the Spanish market from 2007 to 2019, specifically on transformative transactions. We use a novel approach to build a sample of homogeneous corporate transactions that allows us to measure the performance for the acquirer one year after the announcement. A descriptive analysis, considering seventeen criteria, and an event study performed using the market model, CAPM and the Fama-French and Carhart four factor model, evaluate the acquirer’s performance post-announcement. Statistically significative results indicate that using shares over cash is preferable for acquirers to achieve sustained success. These findings reveal that, despite theoretical advantages of cash, shares as method of payment may lead to better stock market performance, limited financial profile deterioration, and more favorable long-term prospects for shareholders.
DOI: 10.6084/m9.figshare.26840623
title: Navigating crisis: SME strategies for risk mitigation through strategic upgrading

description: This research investigates the strategic responses adopted by Hungarian small and medium-sized enterprises (SMEs) in the face of an adverse socio-economic environment. Focusing specifically on B2B firms, the study examines how the current crisis compels managers to mitigate the risk of buyer attrition. This analysis leads to the identification of four distinct adaptation strategies employed by these firms. Furthermore, the research delves into the concept of ‘upgrading’ challenging the prevailing notion that product development is the sole pathway for upgrading. The results suggest that effective upgrading can be initiated from various aspects of the firm’s operations. This novel perspective suggests that upgrading can be a viable strategy for firms seeking to escape from a captive supplier position, by improving either functionality or resilience. This is a new perspective that goes beyond what could be expected from the literature. The findings provide useful insights for policymakers and practitioners seeking to improve the performance of SMEs in the current dynamically shifting B2B landscape.
DOI: 10.6084/m9.figshare.26840623.v1
title: Navigating crisis: SME strategies for risk mitigation through strategic upgrading

description: This research investigates the strategic responses adopted by Hungarian small and medium-sized enterprises (SMEs) in the face of an adverse socio-economic environment. Focusing specifically on B2B firms, the study examines how the current crisis compels managers to mitigate the risk of buyer attrition. This analysis leads to the identification of four distinct adaptation strategies employed by these firms. Furthermore, the research delves into the concept of ‘upgrading’ challenging the prevailing notion that product development is the sole pathway for upgrading. The results suggest that effective upgrading can be initiated from various aspects of the firm’s operations. This novel perspective suggests that upgrading can be a viable strategy for firms seeking to escape from a captive supplier position, by improving either functionality or resilience. This is a new perspective that goes beyond what could be expected from the literature. The findings provide useful insights for policymakers and practitioners seeking to improve the performance of SMEs in the current dynamically shifting B2B landscape.
DOI: 10.6084/m9.figshare.27014589
title: CEO foreign experience and firm leverage: evidence from Vietnam

description: The study examines whether CEOs with foreign experience affect the corporate financing decisions in the Vietnamese market. Foreign-experienced CEOs are defined as those who worked and/or studied abroad before returning to Vietnam. Using a unique, manually collected dataset of 322 non-financial firms listed on the Ho Chi Minh stock exchange (HOSE) from 2013 to 2021, we find that CEOs with international experience are associated with lower financial leverage, suggesting that such leaders generally prefer less financial risk compared to their peers. We propose that this conservatism is likely due to their limited local networks and the weak institutional framework in Vietnam, which mitigate the benefits of their global expertise. Our findings support the notion from existing literature that a scarcity of social connections may cause CEOs to become more risk-averse, prompting them to choose more conservative financial decisions.
DOI: 10.6084/m9.figshare.27014589.v1
title: CEO foreign experience and firm leverage: evidence from Vietnam

description: The study examines whether CEOs with foreign experience affect the corporate financing decisions in the Vietnamese market. Foreign-experienced CEOs are defined as those who worked and/or studied abroad before returning to Vietnam. Using a unique, manually collected dataset of 322 non-financial firms listed on the Ho Chi Minh stock exchange (HOSE) from 2013 to 2021, we find that CEOs with international experience are associated with lower financial leverage, suggesting that such leaders generally prefer less financial risk compared to their peers. We propose that this conservatism is likely due to their limited local networks and the weak institutional framework in Vietnam, which mitigate the benefits of their global expertise. Our findings support the notion from existing literature that a scarcity of social connections may cause CEOs to become more risk-averse, prompting them to choose more conservative financial decisions.
DOI: 10.6084/m9.figshare.27043459
title: Exploring BUMDES accountability: Balancing expectations and reality

description: Village-owned enterprises (VOEs), known as BUMDES in Indonesia, are heralded as pivotal for rural community welfare. Yet, they contribute only 2% to 4% to village revenues, revealing a dependency on government support. This study examines the accountability practices of BUMDES through an Institutional Logic lens, highlighting a mismatch between government expectations of financial returns and BUMDES’s broader performance evaluation across financial, operational, and societal domains. Utilising a multi-case study approach, the research uncovers the coexistence of dual logics within BUMDES: one favouring social welfare, the other commercial sustainability. It is noted that BUMDES utilises various control mechanisms such as meetings, dialogues, and community involvement in implementing their programmes. Mechanisms for reporting, disclosure, performance evaluation, and assessment are also in place, though self-regulatory mechanisms are notably absent. While financial accountability is confirmed, accountability in fairness and performance remains obscure. The study advocates for regulatory enhancements to clarify BUMDES objectives and align financial and social performance indicators. It also recommends developing a structured curriculum to boost the BUMDES administrators’ capabilities. Additionally, linking the programmes to a compliance-based rating system could incentivise improvement and accountability.
DOI: 10.6084/m9.figshare.27043459.v1
title: Exploring BUMDES accountability: Balancing expectations and reality

description: Village-owned enterprises (VOEs), known as BUMDES in Indonesia, are heralded as pivotal for rural community welfare. Yet, they contribute only 2% to 4% to village revenues, revealing a dependency on government support. This study examines the accountability practices of BUMDES through an Institutional Logic lens, highlighting a mismatch between government expectations of financial returns and BUMDES’s broader performance evaluation across financial, operational, and societal domains. Utilising a multi-case study approach, the research uncovers the coexistence of dual logics within BUMDES: one favouring social welfare, the other commercial sustainability. It is noted that BUMDES utilises various control mechanisms such as meetings, dialogues, and community involvement in implementing their programmes. Mechanisms for reporting, disclosure, performance evaluation, and assessment are also in place, though self-regulatory mechanisms are notably absent. While financial accountability is confirmed, accountability in fairness and performance remains obscure. The study advocates for regulatory enhancements to clarify BUMDES objectives and align financial and social performance indicators. It also recommends developing a structured curriculum to boost the BUMDES administrators’ capabilities. Additionally, linking the programmes to a compliance-based rating system could incentivise improvement and accountability.
DOI: 10.6084/m9.figshare.26266187
title: Advances in neuromarketing and improved understanding of consumer behaviour: analysing tool possibilities and research trends

description: Neuromarketing, an emerging subject and generating diverse body of knowledge in the extant literature, this study aims to present qualitative and quantitative knowledge of the neuroscientific domain by analysing the application of various neuromarketing tools and techniques in conducting the research studies. This paper comprises a systematic review of 61 journal articles combined with bibliometric analysis of 577 peer-reviewed journal articles following the PRISMA framework, employing content analysis and keyword co-occurrence analysis. The comprehensive analysis presented a research profile illustrating chronological trends in neuromarketing research and discovered potential new domains, demonstrating explored and unexplored practical utility in neuromarketing. The results highlight the application of Functional Magnetic Resonance Imaging (fMRI), eye-tracking, and neural networks for data analysis as prospective areas in neuroscientific research. An overview of existing neuroscientific tools was presented based on the user context and research outcomes, outlining their benefits and limitations, along with ethical concerns. A theoretical framework was proposed to illustrate the neuromarketing effect on consumer behaviour, suggesting potential areas for future investigation. The findings of the study will be of interest to scholars and marketers in providing the insights on various neuro tools and techniques, and its significant role in decision-making, such comprehension may improve marketing effectiveness.
DOI: 10.6084/m9.figshare.26879390
title: The impact of strategic agility on organizational performance: the mediating role of market orientation and innovation capabilities in emerging industrial sector

description: Strategic agility (hereinafter SA) is a continuous development activity and a critical component of organizational performance (hereinafter OP), and the role of market orientation (hereinafter MO) and innovation capabilities (hereinafter IC) are central to achieving organizational objectives. This study was conducted to examine the effect of SA on OP and to determine the extent to which MO and IC mediate the relationship between SA and OP. A quantitative approach was conducted using a cross-sectional method. 300 Managers working in various companies listed in in Saudi Arabia represented the research population. In this study, structural equation modeling (SEM) was used to test the proposed model, following a two-stage approach that entails a measurement model and a causal structural model. To test our hypotheses, we examined our measurements using IBM SPSS AMOS 29. The results revealed that neither SA nor IC have a direct effect on OP. Importantly, MO plays a key role in this dynamic relationship and therefore forges critical connections. Because of the natural tendency of IC’ outcomes, this factor was found to be insignificant in influencing OP either directly or indirectly. This study is the first empirical research to adequately employ MO and IC as mediating units of analysis in the Saudi Industrial Sector. It has established relationship patterns between these focal variables. In addition, it revealed hidden patterns that help predict performance. This research has considerable implications for R&D and marketing managers. It provides insights and predictions managers can use to guide business decisions. These findings contribute to the understanding of the importance of employing strategic MO to improve OP in the Saudi Industrial Sector.
DOI: 10.6084/m9.figshare.26879390.v1
title: The impact of strategic agility on organizational performance: the mediating role of market orientation and innovation capabilities in emerging industrial sector

description: Strategic agility (hereinafter SA) is a continuous development activity and a critical component of organizational performance (hereinafter OP), and the role of market orientation (hereinafter MO) and innovation capabilities (hereinafter IC) are central to achieving organizational objectives. This study was conducted to examine the effect of SA on OP and to determine the extent to which MO and IC mediate the relationship between SA and OP. A quantitative approach was conducted using a cross-sectional method. 300 Managers working in various companies listed in in Saudi Arabia represented the research population. In this study, structural equation modeling (SEM) was used to test the proposed model, following a two-stage approach that entails a measurement model and a causal structural model. To test our hypotheses, we examined our measurements using IBM SPSS AMOS 29. The results revealed that neither SA nor IC have a direct effect on OP. Importantly, MO plays a key role in this dynamic relationship and therefore forges critical connections. Because of the natural tendency of IC’ outcomes, this factor was found to be insignificant in influencing OP either directly or indirectly. This study is the first empirical research to adequately employ MO and IC as mediating units of analysis in the Saudi Industrial Sector. It has established relationship patterns between these focal variables. In addition, it revealed hidden patterns that help predict performance. This research has considerable implications for R&D and marketing managers. It provides insights and predictions managers can use to guide business decisions. These findings contribute to the understanding of the importance of employing strategic MO to improve OP in the Saudi Industrial Sector.
DOI: 10.6084/m9.figshare.27003265.v1
title: The moderating effect of independent board members’ ownership on the relationship between their independence and firm performance

description: Despite the extensive research on the relationship between board independence and firm performance, which reveals an inconclusive result, there is a lack of evidence on the potential factors affecting this relationship. This study is an attempt to fill this gap by investigating whether equity ownership by independent board members affects the association between board independence and Saudi bank performance. To substantiate its hypotheses and sidestep endogeneity concerns, this study employs a panel dataset of Saudi listed banks from 2009 to 2018, using diverse statistical techniques, including feasible generalized least squares (FGLS), ordinary least squire (OLS), random-effects, panel-corrected standard errors (PCSE), fixed-effects, two-stage least squares (2SLS), two-step system generalized method of moments (GMM), and hierarchical analysis. The empirical results show that while independent board members have a negative impact on bank performance, their ownership has a positive influence. More interestingly, the results demonstrate that the negative relationship between bank financial and market performance and independent board members is positively and significantly moderated by their ownership. These findings challenge the notion that good governance practices like having more independent members on the board would lead to better firm performance and indicate that their effectiveness is contingent on their ownership level. Insights derived from agency theory and the convergence of interests hypothesis contribute valuable perspectives to this investigation and suggest that board independence would be efficient when the convergence of interests between independent board members and other shareholders is engaged.
DOI: 10.6084/m9.figshare.26527589
title: The effect of local government wealth on internet financial reporting (IFR) compliance with local geographic as a moderation variable: a new institutional theory approach

description: The purpose of this study is to test whether local government wealth has a significant effect on Internet Financial Reporting (IFR) disclosure. In addition, this study also tests whether the geographical location of local government is able to moderate the relationship between local government wealth and disclosure of Internet Financial Reporting (IFR). The population in this study includes all local governments in Indonesia. The sample for this research is the regional government which was selected by using a census sampling method. Based on the regression test results, it was concluded that local government wealth did not significantly affect Internet Financial Reporting (IFR) disclosure. However, this research is able to prove that the geographical location of local government is able to moderate the relationship between local government wealth and Internet Financial Reporting (IFR) disclosure.
DOI: 10.6084/m9.figshare.26527589.v1
title: The effect of local government wealth on internet financial reporting (IFR) compliance with local geographic as a moderation variable: a new institutional theory approach

description: The purpose of this study is to test whether local government wealth has a significant effect on Internet Financial Reporting (IFR) disclosure. In addition, this study also tests whether the geographical location of local government is able to moderate the relationship between local government wealth and disclosure of Internet Financial Reporting (IFR). The population in this study includes all local governments in Indonesia. The sample for this research is the regional government which was selected by using a census sampling method. Based on the regression test results, it was concluded that local government wealth did not significantly affect Internet Financial Reporting (IFR) disclosure. However, this research is able to prove that the geographical location of local government is able to moderate the relationship between local government wealth and Internet Financial Reporting (IFR) disclosure.
DOI: 10.6084/m9.figshare.26403078
title: Halal value chain integration in food court establishment through <i>Cash Waqf Linked Sukuk</i>: evidence from Indonesia

description: The monitoring of upstream and downstream halal standards is crucial for Indonesia due to its large Muslim population and the increasing global demand for halal products. Indonesia has the potential to become a leading center for the Sharia economy and finance. Thus, developing the halal food and Islamic finance sectors is one strategy to unlock their potential, while strengthening the halal-value chain ecosystem further aids the expansion of the halal food industry. Therefore, this study aims to develop the halal food sector and the Islamic financial sector by integrating the halal value chain into the establishment of a food court financed through the Cash Waqf Linked Sukuk (CWLS) Islamic financial instrument. This study used qualitative methods with primary and secondary data sources. The primary data came from observations and interviews with the Indonesian Waqf Board (BWI). While the secondary data used in this study includes research findings regarding the Halal Value Chain as well as the framework for the application of CWLS funds. The result shows that accelerating the establishment of a halal food court ecosystem can be implemented through CWLS funding. This framework offers financial assistance while maintaining the halal status of food court management. This study provides suggestions to the government on how to enhance the halal ecosystem for Indonesia’s halal ecosystem improvement.
DOI: 10.6084/m9.figshare.26403078.v1
title: Halal value chain integration in food court establishment through <i>Cash Waqf Linked Sukuk</i>: evidence from Indonesia

description: The monitoring of upstream and downstream halal standards is crucial for Indonesia due to its large Muslim population and the increasing global demand for halal products. Indonesia has the potential to become a leading center for the Sharia economy and finance. Thus, developing the halal food and Islamic finance sectors is one strategy to unlock their potential, while strengthening the halal-value chain ecosystem further aids the expansion of the halal food industry. Therefore, this study aims to develop the halal food sector and the Islamic financial sector by integrating the halal value chain into the establishment of a food court financed through the Cash Waqf Linked Sukuk (CWLS) Islamic financial instrument. This study used qualitative methods with primary and secondary data sources. The primary data came from observations and interviews with the Indonesian Waqf Board (BWI). While the secondary data used in this study includes research findings regarding the Halal Value Chain as well as the framework for the application of CWLS funds. The result shows that accelerating the establishment of a halal food court ecosystem can be implemented through CWLS funding. This framework offers financial assistance while maintaining the halal status of food court management. This study provides suggestions to the government on how to enhance the halal ecosystem for Indonesia’s halal ecosystem improvement.
DOI: 10.6084/m9.figshare.26166053
title: Exploring interpersonal conflicts within the JD-R model: aggregation and validation in the context of elementary school employees in Croatia

description: This study aims to enhance the Job Demand-Resources (JD-R) model by incorporating the aggregation approach and addressing the research gap concerning interpersonal conflicts within this framework. Building on the theoretical background and placing interpersonal conflicts in the JD-R framework, we adopted a quantitative research design, utilizing a structured probabilistic sample of 343 elementary school employees in Croatia who responded to the COPSOQ III questionnaire distributed online. Furthermore, validating the COPSOQ III questionnaire in Croatian ensures the relevance and applicability of the findings in this cultural context. We employed Partial Least Squares Structural Equation Modeling (PLS-SEM) to test the proposed model and establish a second-level higher-order model, assessing and analyzing the relationships within the JD-R model. The results indicate that conflicts and quarrels, as proxies for interpersonal conflicts, thrive when perceived job resources are high, and job demands are low, leading to improved health outcomes. These findings suggest that interpersonal conflicts may serve as a mechanism for mobilizing resources to cope with job demands, emphasizing the importance of effectively managing conflicts for healthier and more productive work relationships and environment. Dive into the intriguing world of Croatian elementary schools, where our study reveals a surprising twist: conflicts among elementary school employees aren’t always a sign of trouble. In fact, they can be a secret weapon for stress relief and better health. We’ve uncovered that not all conflicts are harmful; some can act as cathartic events, helping to resolve tensions and improve well-being, transforming the school environment for the better. Interpersonal conflicts may serve as a mechanism for mobilizing resources to cope with job demands, emphasizing the importance of effectively managing conflicts for healthier and more productive work relationships and environment. Our research sheds new light on the delicate balance of job demands and resources in education, offering a fresh perspective on how to foster a more harmonious and productive workplace. It’s not just about reducing conflicts but understanding their hidden potential.