{"title":"The influence of corporate governance factors on ESG rating of industrial and IT companies","authors":"A. Egorova, Daria Chigireva","doi":"10.21638/spbu18.2021.404","DOIUrl":"https://doi.org/10.21638/spbu18.2021.404","url":null,"abstract":"The article examines the impact of сorporate governance factors on the еnvironmental, social, and governance rating in companies from industrial and IT sectors. The aim of this study is to identify and measure the impact of corporate governance factors on ESG rating in industrial and IT sectors. The research also includes a country-specific analysis: for European, Asian and American companies. The dependent variable is ESG rating — an indicator of the company’s compliance with environmental, social and governance standards. The paper considers observations of 80 companies since 2005 to 2020. The results of this study showed that the most significant practices in European companies are the presence of a policy of independence of the board of directors and an increase in the percentage of non-executive members. For Asian companies, corporate governance factors such as the presence of a policy of independence of the board of directors, an increase in the percentage of non-executive directors effect positively. For American companies, the following practices positively influence the ESG rating — the existence of a policy of independence of the board of directors and the corporate social responsibility committee and an increase in the percentage of women on the board of directors. In terms of sectors, the results showed that information technology companies are positively affected by an increase in the percentage of non-executive members, the presence of a corporate social responsibility committee, and an increase in average age. Also, if the chairperson is a woman the chances of getting a higher ESG rating increase. In industrial sector companies, the presence of a corporate social responsibility committee and a policy of independence of the board of directors, as well as the fact that the chairman was a CEO, are positively affected. These results can be used by companies to develop a plan to improve corporate performance.","PeriodicalId":41639,"journal":{"name":"Rossiiskii Zhurnal Menedzhmenta-Russian Management Journal","volume":"1 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67784175","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":"Factors of knowledge sharing in cross-functional teams","authors":"E. Kalabina, Olga Belyak","doi":"10.21638/spbu18.2021.407","DOIUrl":"https://doi.org/10.21638/spbu18.2021.407","url":null,"abstract":"The article is devoted to study the factors of knowledge sharing in managing the cross-functional teams of Russian companies within innovative development. The goal of the paper was to analyze the influence of individual, organizational, and managerial factors on the activity of cross-functional team members in knowledge sharing. Based on the results of the survey among 259 participants of cross-functional teams, the econometric assessment was done to determine that intrinsic motivation as an individual factor makes sense asa moderator for exolaining the relationship between organizational, managerial factors and activity of participants in knowledge sharing. As a result of the analysis of the management factorsthe most favorable mechanism of coordination for knowledge exchange was mutual coordination. It was implemented through informal communication and it was based on understanding of roles, degree of responsibility and sense of belonging by the team members. It was also revealed that organizational factors, including the system of incentives, have little influence on the activity of participants in knowledge sharing. The findings can be the basis for appropriate choosing the cross-functional team management tools for innovative development.","PeriodicalId":41639,"journal":{"name":"Rossiiskii Zhurnal Menedzhmenta-Russian Management Journal","volume":"1 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67784246","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}
Ksenia Golovacheva, M. Gogua, M. Smirnova, O. Alkanova
{"title":"Treating customers as individuals in online retail","authors":"Ksenia Golovacheva, M. Gogua, M. Smirnova, O. Alkanova","doi":"10.21638/spbu18.2022.204","DOIUrl":"https://doi.org/10.21638/spbu18.2022.204","url":null,"abstract":"Goal: the purpose of the current paper is to examine how five consumer characteristics (namely, hedonic shopping orientation, comparison shopping proneness, consumer confusion proneness, privacy concerns, and awareness of privacy control) influence the need for different forms of customer experience (CX) individualization. Methodology: the study is based on an online survey of a representative sample of 586 Russian online consumers conducted in mid-2021. Several consumer groups with different preferences for CX individualization are identified using cluster analysis; then multinominal logit modelling is used to define whether five consumer characteristics can predict group membership. Findings: the results empirically confirm that consumers differ in the need for CX individualization and demonstrate that all five consumer characteristics do work in predicting the need for CX individualization, but their role varies for different CX individualization strategies. Originality and contributions: the paper is the first to jointly examine three CX individualization strategies that online retailers may use to interact with customers: content personalization, product customization, and interaction humanization. The results of the study shed light on CX individualization strategies that firms should use to addressthe diverse consumer needs in their long-term strategies.","PeriodicalId":41639,"journal":{"name":"Rossiiskii Zhurnal Menedzhmenta-Russian Management Journal","volume":"1 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67785477","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}
V. Nazarova, I. Churakova, Bogdan N. Kurilov, Daria D. Titova
{"title":"Consumer behaviour towards Russian brands of foreign FMCG companies","authors":"V. Nazarova, I. Churakova, Bogdan N. Kurilov, Daria D. Titova","doi":"10.21638/spbu18.2022.405","DOIUrl":"https://doi.org/10.21638/spbu18.2022.405","url":null,"abstract":"Goal: this study aims to explore the existent theoretical concepts that may explain the behavioural response of consumers in relation to various cross-categorical fast-moving consumer goods brands that constitute brand portfolios of international FMCG corporations. Namely, these concepts include the halo error, foreign-local bias, country-of-origin effects. The research grasps if changes in the consumer attitude exist when it comes to misidentification of brands by country of origin (the outcome from foreign-local bias), which is resulted by the occurrence of halo effect. Methodology: the research suggests quantitative methodology to explore the customer viewpoints. The data was collected through online structured interviews with ordinary visitors of grocery shopping malls, analysed and interpreted under the structural equation modelling statistical technique. Findings: from the customer standpoint, the research suggests that Russian consumer experience halo effect from the pseudo-local FMCG brands. Besides, this cognitive bias is shown to be positively related with the age of consumers, meaning that the older consumers are exposed to experience halo effect. The misidentification of FMCG brands by country of origin is directly influenced by the occurrence of halo effect among domestic consumers, but is not shown to drive their subconscious orientation towards pseudo-local FMCG brands. Originality and contribution the authors: the research helps to identify the system of relationships that could explain the consumers’ subjective orientation towards pseudo-local FMCG brands. As not all the hypothesised paths being supported by the data, the significant relationships on consumers’ attitudes are identified.","PeriodicalId":41639,"journal":{"name":"Rossiiskii Zhurnal Menedzhmenta-Russian Management Journal","volume":"1 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67786183","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 pearl organization of G. B. Kleiner as an alternative to managerial entropy. Review of the book: G. B. Kleiner. System Economics: Steps of Development","authors":"A. Yudanov","doi":"10.21638/spbu18.2022.306","DOIUrl":"https://doi.org/10.21638/spbu18.2022.306","url":null,"abstract":"","PeriodicalId":41639,"journal":{"name":"Rossiiskii Zhurnal Menedzhmenta-Russian Management Journal","volume":"1 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67786546","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":"Dеvеlорmеnt of the horizon indех to еvаluаtе lоng-tеrmism of Russiаn non-finаnсiаl companies","authors":"S. Grishunin, E. Naumova, Natalya Lukshina","doi":"10.21638/spbu18.2021.405","DOIUrl":"https://doi.org/10.21638/spbu18.2021.405","url":null,"abstract":"Short-termism, the firm’s following strategic management practices for short-term, restricts investment in physical and intellectual capital. Investors and managers should identify and counteract such practices in a timely manner. However, existing academic and practical studies overlook problem of short-termism in emerging markets, lack reliable metrics of short-termism or consider only financial indicators in existing horizon metrics. In this paper, we closed some research gaps and constructed the relative horizon index which evaluated strategic focus of public non-financial companies from various industries. We also performed empirical study of horizon index on the sample of 50 Russian non-financial companies over 2014–2019. It revealed that the energy and utility segments in Russia have the largest share of long-term oriented companies, while the industrial, real estate and consumer goods segments have a significant share of short-term oriented companies. The former is explained by: the significant need for modernization in these sectors; developed corporate government systems of firms; limited incentives to accounting manipulations; and a diverse set of stakeholders. Conversely, the latter is underpinned by low levels of investments in comparison to depreciation of real estate, industrial and consumer goods companies. It is also driven by higher incentives for these companies to play with accounting ratios. We showed that the long-term strategic orientation of the firm is not immediately realized into stable positive economic profit patterns over time. However, there is strong and positive correlation between the firm’s decision to follow long-term strategic orientation and the value of multi-period growth in firms’ economic profit. The results can be used by investors, analysts and asset managers to screen the companies on the subject of their following long-term value creation principles and to compare the ability of the firms to sustain positive economic profit.","PeriodicalId":41639,"journal":{"name":"Rossiiskii Zhurnal Menedzhmenta-Russian Management Journal","volume":"1 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67784189","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":"Sharing digital infrastructure use by mobile providers: Investment solutions for sparsely populated territories of the Russian Federation","authors":"E. Midler, I. Arenkov, Timur F. Sharifyanov","doi":"10.21638/spbu18.2021.408","DOIUrl":"https://doi.org/10.21638/spbu18.2021.408","url":null,"abstract":"The article considers a mechanism of managerial strategic decisions development aimed at overcoming the digital divide in the elaboration of Russian regions through the formation and use of telecommunications infrastructure in small towns. The regions of the Arctic with absence or underrepresented digital infrastructure are selected as the object of study. Understood as a system of interaction between organizational and telecommunication subsystems, it is considered as a management tool to ensure equable functioning and development of the information space. For the purposes of this study, attention is focused on the study of its main component - mobile communication networks. The study resulted in a model for planning investment decisions based on the development of hybrid financing of telecommunications projects through the sharing of digital infrastructure by mobile communication providers. The article substantiates the approach based on planning strategies for joint activities of investors — mobile operators, which allows reducing the burden on the state budget and attracting private capital to the development of a sparsely populated area. As the main method of research, the method of grouping the population according to the density of settlement is used. On the game theorybasis, strategies for joint planning and network behavior of investors are determined, eliminating digital gaps and disproportions in the development of Russian localities and regions as a whole. It is concluded that partnership as a management tool, especially, planning the development of digital infrastructure in small towns, is the most effective way to reduce investment risks for all parties, and its adaptation to the specifics of territories is a key task of management in the field of information and communication technologies.","PeriodicalId":41639,"journal":{"name":"Rossiiskii Zhurnal Menedzhmenta-Russian Management Journal","volume":"1 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67784299","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":"Target’s financial performance in corporate acquisitions: BRICS evidence","authors":"Oleg V. Vayner, E. Rogova","doi":"10.21638/spbu18.2022.102","DOIUrl":"https://doi.org/10.21638/spbu18.2022.102","url":null,"abstract":"Corporate acquisition success can be influenced by many factors, e. g. financial performance of acquirer or target firm, market reaction, rumors, contract clauses etc., having either negative or positive effects. The aim of this study is to investigate the role of target’s financial performance in acquisition process and its influence on acquisition success. Research scope of the study is narrowed to BRICS companies, where lack of experience and intensively growing economies led to a growth in M&A deals number. The study uses the accounting-based approach that implies calculation of combined ROA change to measure acquisition performance and answer the posed research question. Based on 70 acquisition deals data collected from Bureau van Zephyr, Refinitiv Eikon and SPARK, the research relies on building logistic and OLS regressions in order to observe long-term effects of various parameters influencing acquisition success. The results of this study suggest that acquisitions affect combined financial performance of the companies negatively, on average, but they are more successful if the target company was making losses prior the deal than if the target had sufficient financial health. In addition, we revealed that cross-border and crossindustry factors positively influence the performance of the deals. The paper contributes to the literature as it focuses on both the fact of the acquisition success or failure and its numerical expression, therefore it helps to investigate the impact of variables on the result. In addition, it highlights the reasons why the acquirers in BRICS quite often make deals with loss-making targets.","PeriodicalId":41639,"journal":{"name":"Rossiiskii Zhurnal Menedzhmenta-Russian Management Journal","volume":"1 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67785127","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":"Employer branding under COVID-19 pandemic in Russian companies","authors":"Dmitriy G. Kucherov, V. S. Tsybova","doi":"10.21638/spbu18.2022.105","DOIUrl":"https://doi.org/10.21638/spbu18.2022.105","url":null,"abstract":"An integrated approach to employer branding during COVID-19 pandemic based on employer branding orientation is considered in this article. The empirical study in employer branding was conducted in Russian companies in 2020. The research object was the HR professionals from Russian medium-sized and large companies. Using the data from the descriptive survey, the number of strategic (employer branding orientation, employer branding strategy, employer value proposition) and operational (communication programs, communication channels and content) features in employer branding in Russian companies during COVID-19 pandemic were identified.","PeriodicalId":41639,"journal":{"name":"Rossiiskii Zhurnal Menedzhmenta-Russian Management Journal","volume":"1 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67785411","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":"Business ecosystems under crisis conditions: Identifying risk factors","authors":"R. Kachalov, Yulia A. Sleptsova","doi":"10.21638/spbu18.2022.201","DOIUrl":"https://doi.org/10.21638/spbu18.2022.201","url":null,"abstract":"Goal: the purpose of this study is to identify new risk factors due to changes in the external conditions of the functioning of business ecosystems. Methodology: the methodological tools in this work are the system economic theory in terms of the development of ecosystem economics, and the operational theory of risk management, supplemented by a phenomenological approach to risk management. Findings: we have identified the risk factors of object, process, project and environmental subsystems in the activities of business ecosystems and compared them for the conditions of the pandemic and sanctions from foreign countries. We have proposed such a structuring of the economic space within the business ecosystem, which allows analyzing, clarifying and specifying the range of possible risk factors for the given conditions of activity from a systematic standpoint, not to skip significant and not to include unnecessary factors in consideration. Originality and contribution: the originality and novelty of the approach to the identification of risk factors is characterized by the use of systemic economic theory, which allows to distinguish four types of basic socio-economic systems (object, project, process and environmental) on a spatiotemporal basis.","PeriodicalId":41639,"journal":{"name":"Rossiiskii Zhurnal Menedzhmenta-Russian Management Journal","volume":"1 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67785437","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}