Business Perspectives and Research最新文献_第8页

Revisiting the Drivers of Firm Value; An Empirical Investigation on Manufacturing Firms 重新审视企业价值的驱动因素；制造企业的实证研究

Business Perspectives and Research Pub Date : 2023-03-09 DOI: 10.1177/22785337221148549

A. K. Panda, S. Nanda, A. Hegde, Rashmi Ranjan Paital

{"title":"Revisiting the Drivers of Firm Value; An Empirical Investigation on Manufacturing Firms","authors":"A. K. Panda, S. Nanda, A. Hegde, Rashmi Ranjan Paital","doi":"10.1177/22785337221148549","DOIUrl":"https://doi.org/10.1177/22785337221148549","url":null,"abstract":"The study aims to ascertain the key determinants of firm value and to analyze the contribution of each determinant at different percentiles of the probability distribution of firm value for 1,592 firms across eight major Indian manufacturing firms. The sample consists of data from 2009 to 2020 and studies the variables such as enterprise value, effective tax rate, firm size, profitability, firms’ growth rate, financial leverage, asset tangibility, and non-debt tax shield. The study employed, linear, non-linear, and non-parametric panel regression models. Quantile regression models are further used to decompose the determinants at various quantiles of firm value. Several diagnostic tests such as Breusch–Pagan, White’s Test, and Sargan Test are used to ensure robust estimates. The results obtained from this study show the presence of a concave relationship between firm value with firm size, financial leverage, and non-debt tax shield. Effective tax rates and inflation rates substantially and positively affect the value of firms in higher percentiles. The capital structure is found to significantly and positively affect the value of firms in the lower percentile. The profitability is also found to contribute to the value of firms across all the quantiles, whereas sales growth fails to strongly drive the value.","PeriodicalId":37330,"journal":{"name":"Business Perspectives and Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-03-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44591795","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Annual Report Readability and Agency Cost: The Influence of Firm Size 年报可读性与代理成本:企业规模的影响

Business Perspectives and Research Pub Date : 2023-03-07 DOI: 10.1177/22785337221148832

R. Goswami, S. G. Maji, Farah Hussain

{"title":"Annual Report Readability and Agency Cost: The Influence of Firm Size","authors":"R. Goswami, S. G. Maji, Farah Hussain","doi":"10.1177/22785337221148832","DOIUrl":"https://doi.org/10.1177/22785337221148832","url":null,"abstract":"This study examines whether the impact of annual report readability on agency cost varies with firm size among listed Indian non-financial firms. For this study, we have selected two cross-sectional samples comprising 360 non-financial firms listed on National Stock Exchange (NSE)—divided into 183 small firms and 177 large firms—for the financial year 2019–2020 and 2020–2021. The classification between large and small firms is drawn based on the respective quartile values of total assets and market capitalization taken together. The proxy for agency cost is the natural logarithm of selling and distribution expenses. We have developed an index using the count of characters, words, lines, and pages of the annual report to measure readability. To investigate the association between the annual report readability, agency cost, and firm size, we use the OLS methodology. In our model, we control for fixed assets, leverage, ownership concentration, institutional ownership, the board size, and board independence. Our findings reflect an inverse relationship between readability and agency cost. Additionally, we find that the effect of annual report readability on agency cost is higher for large firms than for smaller firms. We further checked our findings’ robustness using a logistic regression model and found similar results.","PeriodicalId":37330,"journal":{"name":"Business Perspectives and Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48810517","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Antecedents of Electronic Shopping Cart Abandonment during Online Purchase Process 网上购物过程中放弃电子购物车的前因

Business Perspectives and Research Pub Date : 2023-03-02 DOI: 10.1177/22785337221148810

Ishani Patharia, Tanu Jain

{"title":"Antecedents of Electronic Shopping Cart Abandonment during Online Purchase Process","authors":"Ishani Patharia, Tanu Jain","doi":"10.1177/22785337221148810","DOIUrl":"https://doi.org/10.1177/22785337221148810","url":null,"abstract":"The present study synthesized the extant literature on electronic shopping cart abandonment (ESCA) for the last 22 years (2000–2022) using the PRISMA approach. This is one of the first studies that comprehensively synthesized the widely applied theories in the ESCA literature and the reasons for ESCA during the various stages of online shopping process (search stage, consideration stage, evaluation stage, and purchase stage). The findings suggest that Stimulus Organism Response theory, Cognitive Dissonance theory, and the Theory of Reasoned Action are the most prominent theories used in the ESCA literature. Further, customers abandon the electronic shopping cart due to several personal factors (e.g., trust, experience), website features (e.g., perceived behavioral tracking), and product attributes (e.g., perceived service quality). This study gives a snapshot of knowledge gaps in the ESCA domain and suggests future research directions from multifarious perspectives i.e., theoretical underpinnings, contexts, and customer characteristics. For marketers, it provides insights on factors affecting ESCA at each stage of the online shopping process to develop stage wise pragmatic strategies like gamification on shopping websites, improving navigational aspects on websites, removing threats to customer privacy, and creating greater transparency to increase customer trust.","PeriodicalId":37330,"journal":{"name":"Business Perspectives and Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-03-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46610588","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Effect of Stock Splits on Liquidity: Evidence from China 股票分割对流动性的影响：来自中国的证据

Business Perspectives and Research Pub Date : 2023-02-19 DOI: 10.1177/22785337221148823

Bilal Ahmad Pandow, Khurshid Ali Ganai

{"title":"The Effect of Stock Splits on Liquidity: Evidence from China","authors":"Bilal Ahmad Pandow, Khurshid Ali Ganai","doi":"10.1177/22785337221148823","DOIUrl":"https://doi.org/10.1177/22785337221148823","url":null,"abstract":"Despite many theories that explain the stock split announcement by companies, it has been viewed and aimed differently by corporate managers, regulators and investors. Many studies suggest stock splits are often used to lower the price and bring it to an acceptable trading range. However, few studies focus on emerging economies like China. The present study employs a market model to estimate aberrant volumes. Cumulative abnormal volumes and buy-and-hold abnormal volume estimations were used in accordance with a long-term event study. It was found that after firms have gone for stock splits, their liquidity has increased. Thereby suggesting that there is a significant influence on the post-split liquidity as was found in case of the firm that have gone for stock splits listed on China’s Shanghai Stock Exchange during the select period. Also, a statistically significant upward trend was also observed following the split by the firms. Study findings can be useful to regulators, managers, and investors per their interests. This paper has a limitation of using market model. Future research could also increase the time period and the number of firms that this paper has analyzed.","PeriodicalId":37330,"journal":{"name":"Business Perspectives and Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-02-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47883591","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Do Central Bank Communications Influence Survey of Professional Forecasters? An Empirical Investigation 央行通信对专业预测师的调查有影响吗？实证研究

Business Perspectives and Research Pub Date : 2023-02-15 DOI: 10.1177/22785337221148859

P. Kapoor, Sujata Kar

引用次数: 0

Innovation and Inter-organizational Network: Systematic Review and Bibliometric Analysis 创新与组织间网络：系统综述与文献计量分析

Business Perspectives and Research Pub Date : 2023-02-10 DOI: 10.1177/22785337221148874

Lamin B. Ceesay

{"title":"Innovation and Inter-organizational Network: Systematic Review and Bibliometric Analysis","authors":"Lamin B. Ceesay","doi":"10.1177/22785337221148874","DOIUrl":"https://doi.org/10.1177/22785337221148874","url":null,"abstract":"This article presents a systematic review and bibliometric analysis of research linking the inter-organizational business network and innovation research. It also discusses previous research on the subject and identify gaps for future studies. A review was done using the dimensions database. This was undertaken using specific keywords search in the title, abstract, and keywords of papers. The review revealed that the research in the field is growing fast. In fact, the paper has established that the UK, the US, and Italy respectively, have dominated publications in terms of the most influential countries for research in the field of inter-organizational business networks. The content review of papers showed that the papers were mainly trying to address the phenomena (the antecedents, management of the network, and network performance outcomes). These categories are not mutually exclusive but would help us to organize the fragmented literature on the topic. This article reviews and discusses the empirical literature on inter-organizational innovation networks and shows that the field is highly fragmented. While some areas have gained considerable research attention, others have experienced a relative paucity of research, and thus topics for future research are discussed.","PeriodicalId":37330,"journal":{"name":"Business Perspectives and Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-02-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45998845","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Can Gratitude Counter Workplace Toxicity? Exploring the Mediating Role of Psychological Capital (PsyCap) 感恩能对抗职场毒害吗?心理资本(PsyCap)的中介作用探讨

Business Perspectives and Research Pub Date : 2023-02-10 DOI: 10.1177/22785337221148300

Ayatakshee Sarkar, N. Garg, DK Srivastava, B. Punia

引用次数: 4

Impact of Shareholders’ Activism on the Performance of Banks in India: A Panel Data Application 股东维权对印度银行绩效的影响:面板数据应用

Business Perspectives and Research Pub Date : 2023-02-01 DOI: 10.1177/22785337221148582

Shailesh Rastogi, Kuldeep Singh, Jagjeevan Kanoujiya

引用次数: 0

Exploring Crisis Leadership During COVID-19: A Case Study on OYO 新冠肺炎危机领导力探索——以OYO为例

Business Perspectives and Research Pub Date : 2023-01-24 DOI: 10.1177/22785337221148812

Yasmin Kukul, Kedarnath Thakur, L. K. Jena

{"title":"Exploring Crisis Leadership During COVID-19: A Case Study on OYO","authors":"Yasmin Kukul, Kedarnath Thakur, L. K. Jena","doi":"10.1177/22785337221148812","DOIUrl":"https://doi.org/10.1177/22785337221148812","url":null,"abstract":"The case explores the steps taken by the leadership team at OYO to mitigate the challenges faced due to the COVID-19 pandemic. As a young start-up on the growth trajectory, OYO was hit harder than some of its established competitors. With the onset of the pandemic, the hospitality industry had come to a grinding halt and occupancy rates were at an all-time low. It was necessary for the management to revamp organizational structures and processes, and exhibit strong leadership skills to drive the workforce through one of the most challenging periods that OYO would have to go through. A recurring theme observed throughout the case is the resilient leadership response to the crisis by the protagonist, that is, Ritesh Agarwal, the Founder and Group CEO of the company, and his unwavering involvement in ensuring to keep the company afloat. Several people-centric initiatives that were undertaken for different stakeholder groups are outlined throughout the case and a major focus is given to the importance of decentralized and distributed leadership in the face of a crisis. The case is a narrative on organizational crisis management on the face of a setback and the role of leaders and empowered employees to navigate it.","PeriodicalId":37330,"journal":{"name":"Business Perspectives and Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-01-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49319302","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Unveiling the Hidden Layers of Employees’ Job Satisfaction and Organizational Commitment: A Meta-analysis 揭开员工工作满意度和组织承诺的深层次：元分析

Business Perspectives and Research Pub Date : 2023-01-20 DOI: 10.1177/22785337221148885

Riya Gupta, R. Agrawal

{"title":"Unveiling the Hidden Layers of Employees’ Job Satisfaction and Organizational Commitment: A Meta-analysis","authors":"Riya Gupta, R. Agrawal","doi":"10.1177/22785337221148885","DOIUrl":"https://doi.org/10.1177/22785337221148885","url":null,"abstract":"Inducing the employees to get the work done has become one of the prevalent challenges for organizations. The feeling of association and belongingness impels the employees to put in effort for the organization. Hence, the study aims to evaluate the relationship between job satisfaction (JS) and Organizational Commitment (OC) through the investigation of moderating effects. An analysis of a systematic review of 2,702 studies is conducted wherein the process results in the analysis of the filtered 27 studies. Meta-analysis has unveiled the hidden layers of the relationship between job satisfaction and organizational commitment. Through the application of moderator analysis, interesting findings are witnessed. Contrary to the expectations, the results of meta-regression have denied the influence of age on the discussed relationship while gender and work experience have successfully qualified as moderators. Integration of the demographic inclusions and a viewpoint defining the role of work experience has provided a needed re-specification to the literature. Thus, the present study will provide new insights for academicians and researchers.","PeriodicalId":37330,"journal":{"name":"Business Perspectives and Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43555419","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1