Werner Krings, R. Palmer, Michaela J. Harrison, Alessandro Inversini
{"title":"Digital Media as a Game-Changer in B2B Buyer-Vendor Relationships","authors":"Werner Krings, R. Palmer, Michaela J. Harrison, Alessandro Inversini","doi":"10.30564/jsbe.v5i3.17","DOIUrl":"https://doi.org/10.30564/jsbe.v5i3.17","url":null,"abstract":"Purpose: The article examines the role of digital and, in particular, social media in business-to-business marketing in the international software industry. The authors responded to calls for empirical research on how these media impact buyer-vendor relationships and the conjunction of the marketing and sales processes, particularly the distribution of complex software solutions. This paper develops a digital framework and discusses the managerial consequences. Design/methodology/approach: The model arises by merging themes derived from literature, experts, and job descriptions. Mixed Methods included conducting semi-structured interviews across marketing, business development, and sales executives from buyers, vendors, and third parties of various industries, supplemented by a survey of 530+ executives. Findings: Multinational companies secure competitive advantage through agile business processes to improve buyer-vendor relationships in the digital era. Digital media enable vendors to interact continuously with buyers, gather intelligence, and foster mutually beneficial, trustworthy, long-term relationships. The objective is to prompt transactions and secure revenue streams. Research limitations/implications: The outcomes of this research center on North America, Western Europe (including the UK), and DACH (Germany-Austria-Switzerland), affecting the generalizability. Originality/value: The research is novel and bridges several gaps concerning industrial relationships in digitalization: it merges buyer, vendor, and third-party’s perspectives on an international scale. It provides deeper insights into existing and new relationships by identifying relevant digital/social media platforms, the underlying usage motivation, and fundamental B2B processes. Finally, it equips practitioners with metrics to improve performance.","PeriodicalId":387670,"journal":{"name":"Journal of Sustainable Business and Economics","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115332762","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}
{"title":"Commercial Banks Responses toward Small and Medium Enterprises Survival in the Context of the COVID-19 in Africa","authors":"Annstellah Gakii, Karoli Kolokonyi, Romano Miceni","doi":"10.30564/jsbe.v5i3.15","DOIUrl":"https://doi.org/10.30564/jsbe.v5i3.15","url":null,"abstract":"The African government has implemented measures to sustain an investable economic downturn as it navigates the fiscal effect of the viral spread of coronavirus disease 2019 (COVID-19). Consequently, commercial banks in Africa have come hand in hand toward support of SMEs activities by increasing their borrowing power and reducing interest rates. Despite all these measures the general performance of small and medium enterprises (SMEs) across Africa as pertains to revenues and profits has gone down. This paper provides a theoretical analysis of the measures undertaken by commercial banks to ensure proper running and continuity of activities in the SMEs sector in Africa. The research is founded on the theories of innovation diffusion and resource-based theory. This study will use a mixed research design, which will include descriptive and explanatory research. The proposed target population will be Africa’s thriving commercial banks. The primary and secondary data will be used from commercial bank reports and the central bureau of statistics reports across Africa. The data will be analyzed using a multiple linear regression model. The finding indicated that commercial banks in Africa have brought in solutions and measures to adapt to the crisis being implicated on the SMEs by the COVID-19 pandemic. Based on the findings of the desktop reviews, the study concludes that commercial banks have a significant influence on SMEs during this period of COVID-19, and with the assistance of the government, they have implemented more policies to support the activities of SMEs.","PeriodicalId":387670,"journal":{"name":"Journal of Sustainable Business and Economics","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129197329","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}
{"title":"Effect of Digital and Financial Awareness of Household Womens on the Use of Fin-Tech in India: Observing the Relation with (Utaut) Model","authors":"U. Yadav, Ravikesh Tripathi, Mano Ashish Tripathi","doi":"10.30564/jsbe.v5i3.14","DOIUrl":"https://doi.org/10.30564/jsbe.v5i3.14","url":null,"abstract":"Era of COVID-19 resulted in contactless transactions and extensive use of technological applications. Similar was the case of Fin-Tech which has extensively been used by consumers all around the globe for making transactions and other financial and economic needs. Although there is a lack of research to reflect these forms of evidence from the developing as well as Indian sides of the globe. On the other side, some studies indicated the Unified Household Acceptance and Use of Technology (UTAUT) model as the base to prefer mobile methods of transaction and Fin-Tech use. Hence this paper has been developed systematically to relate the financial literacy of household females from Generation Y with the use of Fin-Tech during the eve of COVID-19. For devising this relationship research has been induced with the UTAUT model and data have been collected from married household females between twenty-four to thirty-five years of age. Results were analyzed through SMART-PLS which highlighted the financial literacy of Indian household females has a significant association with UTAUT model. However, the entire UTAUT model does not have a significant relationship with the use of Fin-Tech.","PeriodicalId":387670,"journal":{"name":"Journal of Sustainable Business and Economics","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128467764","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}
Adriana C. Ribeiro, Margarida Catalão‐Lopes, A. S. Costa
{"title":"Corporate Social Responsibility and Consumers’ Reaction: An Experiment","authors":"Adriana C. Ribeiro, Margarida Catalão‐Lopes, A. S. Costa","doi":"10.30564/jsbe.v5i3.13","DOIUrl":"https://doi.org/10.30564/jsbe.v5i3.13","url":null,"abstract":"Companies differ in their motivation to corporate social responsibility (CSR) practices, with some companies taking a genuine, altruistic approach and others preferring an opportunistic approach (and attempting to mimic the former). If consumers can distinguish them, they will eventually reward the altruistic (being willing to pay more) and penalize the opportunistic ones. This paper performs an experimental study to assess whether differences in consumers’ willingness to pay are statistically significant for different classifications of CSR activities: i) proactive or reactive, ii) environment, employees, or social, iii) involving more or less expensive products, iv) being performed by firms facing competition or not. Results show that consumers are willing to reward CSR initiatives that follow a reactive approach; consumers’ decisions are more moderate when rewarding initiatives associated with more expensive products; the rewards provided depend on the CSR dimension; a relationship between market structure and consumers’ reaction to CSR was not found.","PeriodicalId":387670,"journal":{"name":"Journal of Sustainable Business and Economics","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131160366","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}
{"title":"Sensitivity of Crude Oil Price Change to Major Global Factors and to Russian–Ukraine War Crisi","authors":"Ibrahim Ahmad Onour, Mai M. Abdo","doi":"10.30564/jsbe.v5i2.10","DOIUrl":"https://doi.org/10.30564/jsbe.v5i2.10","url":null,"abstract":"To assess the elasticity of crude oil price to global factors related to supply of crude oil and the US dollar exchange rate, the authors employed nonlinear models including flexible least squares, and maximum likelihood estimator, in addition to OLS regression mode; using yearly data from 1965 to 2021. The findings indicate change in oil prices due to 1% change in any of the explanatory variables, as follows: the effect of the US dollar depreciation rate, raise crude oil price/barrel by 71 US cents; and increase in OPEC production, decrease crude oil price by 82 US cents; a decrease in non-OPEC production, raise oil price by 4.78 US$. These results imply that, if a ban imposed on Russian crude oil export, and no increase in OPEC production to compensate Russian oil loss in the international markets, global crude oil price expected to rise by 88 US$ above its level before Russian–Ukraine crisis, meaning that crude oil price expected to rise at 160 US$ pbab. However, if OPEC members increase their output level by 10 million barrels per day to compensate the Russian oil loss, then global crude oil price is expected to stay at 102 US$ pb.","PeriodicalId":387670,"journal":{"name":"Journal of Sustainable Business and Economics","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122599506","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}
{"title":"The Impact of E-commerce on Consumer Purchasing Behavior for the Coronavirus Disease (COVID-19)","authors":"M.B.A. Akt. Abdul Halim","doi":"10.30564/jsbe.v5i1.3","DOIUrl":"https://doi.org/10.30564/jsbe.v5i1.3","url":null,"abstract":"The purpose of this study is to evaluate how COVID-19 is changing consumer behavior and how it is changing e-commerce trends. This study has been conducted through a qualitative approach. The Coronavirus changed worldwide patterns intensively. These differences are caused by the high levels of accidental and secondary funding that this virus reflects. This study showed how e-commerce has grown due to the coronavirus. As individuals deal with their new living conditions, they have changed their shopping behavior to meet their requirements. The COVID-19 pandemic significantly affects many aspects of life, including how individuals deal with their needs and not their needs. The behavior of people, the nature of businesses, and the manner of life have changed. It spreads fears among individuals that they should avoid interacting with. The effect of Coronavirus has transformed the nature of business in the entire e-commerce globe. In particular, COVID-19 has a substantial influence on global e-commerce and in certain cases, has negative consequences, although generally, e-commerce is quickly increasing because of coronaviruses. Moreover, e-commerce businesses confront various problems, including extended delivery times, movement control challenges, social distance, and lock-up or lock-down. The shipping and supply processes are now rather sluggish, yet people are still buying since they do not have any other option. Thus, people move to technology because of coronaviruses. This study has shown the trend of e-commerce in recent times and also shows how consumers tend to adopt e-commerce. There is no such issue in the previous literature. This study fills in the gaps on these issues and also helps to improve the global economy.","PeriodicalId":387670,"journal":{"name":"Journal of Sustainable Business and Economics","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132740504","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}
Md Al Amin, Md. Razaul Islam, M.B.A. Akt. Abdul Halim
{"title":"Sustainability Reporting Based on GRI Indicators","authors":"Md Al Amin, Md. Razaul Islam, M.B.A. Akt. Abdul Halim","doi":"10.30564/jsbe.v5i1.2","DOIUrl":"https://doi.org/10.30564/jsbe.v5i1.2","url":null,"abstract":"Every company wants to make a profit in the short run but doesn’t think about the long run. The environment and human resources are used by the companies but eventually, they will react in a repugnant way. The environment is being polluted every day and it is a threat to human life as well as the world. To assess the impact of activities being done by the companies, a non-governmental organization was established in Boston called Global Reporting Initiative (GRI) in 1997. GRI (Global Reporting Initiative) established a sustainability reporting framework that provides a systematic guideline for the sake of companies to disclose their performance on the environmental, economic, and social degree of sustainability. This study will find out how responsible multinational (listed and non-listed) companies (MNC) in the case of sustainability reporting when they are consistently doing business in the environment of Bangladesh. This study was analyzed based on GRI (Global Reporting Initiative) guidelines towards their reporting on sustainability. A quantitative score from 0 to 3 was given for each of 84 performance indicators (9, 30, and 45 exhibitors for environmental, economic, and social dimensions respectively) of the GRI 3 guidelines based on sustainability reporting. This study reports that tidings on the economic degree are better compared to environmental and social dimensions. Much deviation is reported in environmental and social dimensions, but less deviation is reported in economic dimensions by the selected companies as the sample. Overall, the reporting practices of Nestle Bangladesh Ltd are better than other selected companies.","PeriodicalId":387670,"journal":{"name":"Journal of Sustainable Business and Economics","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115608711","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}
{"title":"Journal name has been changed to Journal of Sustainable Business and Economics","authors":"Robert D. Hisrich","doi":"10.30564/jsbe.v5i1.1","DOIUrl":"https://doi.org/10.30564/jsbe.v5i1.1","url":null,"abstract":"","PeriodicalId":387670,"journal":{"name":"Journal of Sustainable Business and Economics","volume":"52 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132278853","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}
{"title":"Promotion Standards and Practices across the Business Cycle: Evidence from Korea","authors":"V. Hlasny","doi":"10.30564/jsbe.v5i2.4636","DOIUrl":"https://doi.org/10.30564/jsbe.v5i2.4636","url":null,"abstract":"Korean employers notoriously practice seniority-based personnel management, rather than one prioritizing workers’ skills or performance, and this has changed only slowly amid the evolving business landscape and advancing labor standards. This study contributes to understanding this phenomenon by assessing Korean firms’ promotion criteria and practices over the past decade across distinct phases of industry business cycles, and between the economy’s primary and secondary sectors. Primary-sector firms are shown to be less likely than secondary-sector firms to base their promotion decisions on the analysis of workers’ achievements and colleague ratings, but rather on their performance of core job duties. Primary-sector firms have more advancement steps within their management ranks, and longer wait time until promotion at all ranks. Secondary-sector firms are flatter hierarchically, featuring shorter time to promotion at all ranks and fewer advancement steps, but also a lower fraction of promotions based on special merit. Firms’ promotion practices change over the business cycle. During expansionary years, the hierarchical dispersion of workers within organizations widens, particularly among primary-sector firms, with more workers remaining as regular staff but more managers promoted to senior management. As firms recruit more regular staff, years to promotion to managerial positions, and the count of advancement steps increase. Business expansion induces firms to streamline promotions to management based on colleague ratings subject to lesser review of workers’ own achievements. Over the past decade, promotions by special merit have receded while those by colleague ratings have gone up. Firms are thus apparently not transitioning toward merit- and achievement-based promotions, and continue relying on subjective colleague ratings and job-content analysis in their stagnant hierarchical structures. This has implications for workers and for policymakers tasked with ushering in more inclusive, objective and meritocratic personnel management practices.","PeriodicalId":387670,"journal":{"name":"Journal of Sustainable Business and Economics","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121254876","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}
{"title":"Sensitivity of crude oil price change to major global factors and to Russian-Ukraine war crisis","authors":"Ibrahim Ahmad Onour","doi":"10.30564/jsbe.v5i2.4641","DOIUrl":"https://doi.org/10.30564/jsbe.v5i2.4641","url":null,"abstract":"To assess the elasticity of crude oil price to global factors related to supply of crude oil and the US dollar exchange rate, we employed nonlinear models including flexible least squares (FLS), and maximum likelihood estimator (MLE), in addition to OLS regression mode; using yearly data from 1965 to 2021. Our findings indicate change in oil prices due to 1% change in any of the explanatory variables, as follows: the effect of the US dollar depreciation rate, raise crude oil price/barrel by 71 US cents; and increase in OPEC production, decrease crude oil price by 82 US cents; a decrease in non-OPEC production, raise oil price by 4.78 US$. These results imply that, if a ban imposed on Russian crude oil export, and no increase in OPEC production to compensate Russian oil loss in the international markets, global crude oil price expected to rise by 88 US$ above its level before Russian–Ukraine crisis, meaning that crude oil price expected to rise at 160 US$ pb[1][2]. However, if OPEC members increase their output level by 10 million barrels per day to compensate the Russian oil loss, then global crude oil price expected to stay at 102 US$ pb.","PeriodicalId":387670,"journal":{"name":"Journal of Sustainable Business and Economics","volume":"65 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123783665","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}