European Research on Management and Business Economics最新文献

The impact of capital structure on product responsibility and corporate reputation: Evidence from non-financial institutions listed on the London stock exchange 资本结构对产品责任和企业声誉的影响：来自伦敦证券交易所上市非金融机构的证据

IF 7.1 3区管理学

European Research on Management and Business Economics Pub Date : 2025-07-24 DOI: 10.1016/j.iedeen.2025.100287

Leviticus Mensah , Richard Arhinful , Hayford Asare Obeng , Bright Akwasi Gyamfi

{"title":"The impact of capital structure on product responsibility and corporate reputation: Evidence from non-financial institutions listed on the London stock exchange","authors":"Leviticus Mensah , Richard Arhinful , Hayford Asare Obeng , Bright Akwasi Gyamfi","doi":"10.1016/j.iedeen.2025.100287","DOIUrl":"10.1016/j.iedeen.2025.100287","url":null,"abstract":"<div><div>Companies that prioritize product responsibility often develop stronger brand identities and foster greater consumer loyalty. However, these outcomes are influenced by the firm's capital structure. This study applies the trade-off theory to examine how capital structure affects product responsibility and corporate reputation. Using purposive sampling, the study analyzed 22 years of data (2002–2023) from 163 non-financial firms listed on the London Stock Exchange, sourced from Thomson Reuters Eikon DataStream. The analysis employed the Common Correlated Effects Mean Group (CCEMG) and two-step Generalized Method of Moments (GMM) estimation techniques. Findings reveal a significant negative relationship between the debt-to-equity ratio and both product responsibility and corporate reputation. Additionally, the interaction between governance and the debt-to-equity ratio negatively influences product responsibility but positively affects corporate reputation. To enhance product responsibility, companies should adopt sustainable practices, such as implementing environmentally friendly technologies and promoting supply chain transparency. Management may also consider increasing equity financing—through retained earnings or new share issuance—to improve financial stability and stakeholder confidence, thereby strengthening market perception and corporate reputation.</div></div>","PeriodicalId":45796,"journal":{"name":"European Research on Management and Business Economics","volume":"31 3","pages":"Article 100287"},"PeriodicalIF":7.1,"publicationDate":"2025-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144695342","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Leveraging xAI for enhanced surrender risk management in life insurance products 利用xAI加强人寿保险产品的退保风险管理

IF 7.1 3区管理学

European Research on Management and Business Economics Pub Date : 2025-07-22 DOI: 10.1016/j.iedeen.2025.100286

Lluís Bermúdez , David Anaya , Jaume Belles-Sampera

{"title":"Leveraging xAI for enhanced surrender risk management in life insurance products","authors":"Lluís Bermúdez , David Anaya , Jaume Belles-Sampera","doi":"10.1016/j.iedeen.2025.100286","DOIUrl":"10.1016/j.iedeen.2025.100286","url":null,"abstract":"<div><div>Explainable Artificial Intelligence (xAI) plays a crucial role in enhancing our understanding of decision-making processes within black-box Machine Learning models. Our objective is to introduce various xAI methodologies, providing risk managers with accessible approaches to model interpretation. To exemplify this, we present a case study focused on mitigating surrender risk in insurance savings products. We begin by using real data from universal life policies to build logistic regression and tree-based models. Using a range of xAI techniques, we gain valuable insight into the inner workings of tree-based models. We then propose a novel supervised clustering approach that integrates Shapley values with a Kohonen neural network (KNN). The process involves three main steps: computing Shapley values from a supervised tree-based model; clustering individuals into homogeneous profiles using an unsupervised KNN; and interpreting these profiles with a supervised decision tree model. Finally, we present several key findings derived from the application of xAI techniques, which have the potential to enhance surrender risk management practices.</div></div>","PeriodicalId":45796,"journal":{"name":"European Research on Management and Business Economics","volume":"31 3","pages":"Article 100286"},"PeriodicalIF":7.1,"publicationDate":"2025-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144679384","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Ex-military strategic leaders and corporate social performance: effects and boundaries 退役军人战略领导人与企业社会绩效：影响与边界

IF 7.1 3区管理学

European Research on Management and Business Economics Pub Date : 2025-07-17 DOI: 10.1016/j.iedeen.2025.100288

Ge Ren , Ping Zeng , Xi Zhong

引用次数: 0

Belief triggers to action in artificial intelligence arenas: Exploring the role of AI intention and top management support in multi-level investigation 信念触发人工智能领域的行动：探索人工智能意图和高层管理支持在多层次调查中的作用

IF 7.1 3区管理学

European Research on Management and Business Economics Pub Date : 2025-07-02 DOI: 10.1016/j.iedeen.2025.100285

Ali Nawaz Khan , Naseer Abbas Khan

引用次数: 0

The pathway to winning: optimizing small and medium enterprises performance in the construction industry through tailored success factors 制胜之路：通过量身定制的成功因素优化建筑行业中小企业的绩效

IF 7.1 3区管理学

European Research on Management and Business Economics Pub Date : 2025-06-18 DOI: 10.1016/j.iedeen.2025.100282

Yenus Muhammed Argaw, Yingqi Liu

{"title":"The pathway to winning: optimizing small and medium enterprises performance in the construction industry through tailored success factors","authors":"Yenus Muhammed Argaw, Yingqi Liu","doi":"10.1016/j.iedeen.2025.100282","DOIUrl":"10.1016/j.iedeen.2025.100282","url":null,"abstract":"<div><div>Small and medium-scale enterprises (SMEs) play a crucial role in most developing countries. However, many of these enterprises face a range of challenges that hinder their growth and survival. This research aimed to examine the critical success factors affecting the growth of different sizes of SMEs in the Ethiopian construction industry. The novelty of the paper lies in addressing the identification problem found in the existing literature by employing appropriate estimation techniques to quantify the contribution of multiple success factors, thereby moving beyond descriptive statistics. Using an ordered logit model, we obtained interesting and informative results about the effects of critical success factors on the growth of SMEs. The results invariably suggest that the contribution of the critical success factors depends on the firm's specific factors (annual turnover). We found that not all factors exert comparable effects on success; certain factors wield a substantial influence for larger SMEs, whereas others demonstrate a significant impact on smaller SMEs. The gender of the owner has a positive and significant impact on the sustainable growth and success of Ethiopian construction firms with an annual turnover below 500,000 Birr. In contrast, for firms with an annual turnover above 500,000 Birr, the entrepreneur’s education level and entrepreneurial orientation are strongly and positively associated with firm success, showing a greater influence compared to lower-turnover firms. Therefore, this paper strongly recommends SME owners, managers, and staffs consider the level of annual turnover as the effectiveness of success factors depends on the level of annual turnover.</div></div>","PeriodicalId":45796,"journal":{"name":"European Research on Management and Business Economics","volume":"31 3","pages":"Article 100282"},"PeriodicalIF":7.1,"publicationDate":"2025-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144313354","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Consumer preferences for super app services: E-commerce, social media, and banking dominate 消费者对超级应用服务的偏好：电子商务、社交媒体和银行占主导地位

IF 7.1 3区管理学

European Research on Management and Business Economics Pub Date : 2025-05-01 DOI: 10.1016/j.iedeen.2025.100284

Marc Hasselwander, Daniel Weiss

{"title":"Consumer preferences for super app services: E-commerce, social media, and banking dominate","authors":"Marc Hasselwander, Daniel Weiss","doi":"10.1016/j.iedeen.2025.100284","DOIUrl":"10.1016/j.iedeen.2025.100284","url":null,"abstract":"<div><div>Super apps enable consumers to access multiple services through a single mobile application. Platforms like WeChat, Alipay, KakaoTalk, and LINE have already been widely adopted across many Asian markets. This study aims to develop a greater understanding of consumers’ preferences for super app services in a European context, where these apps are beginning to emerge. Using cluster analysis and multinomial logistic regression, we analyze data from 764 potential super app adopters in Germany, identifying five distinct preference-based clusters: (1) Urban Explorers, (2) Efficiency Experts, (3) the Versatile Majority, (4) Digital Enthusiasts, and (5) the Golden Triangle. Each cluster is defined by a unique combination of desired features, with e-commerce, social media, and banking/financial services emerging as the most in-demand categories. Our findings indicate that super app providers should work to strategically integrate highly demanded services rather than focusing on the incorporation of an increasingly wide array of features. To our knowledge, this is the first scholarly effort to quantify super app service preferences in a European context, offering managers and policymakers evidence-based insights to effectively navigate this disruptive technology.</div></div>","PeriodicalId":45796,"journal":{"name":"European Research on Management and Business Economics","volume":"31 2","pages":"Article 100284"},"PeriodicalIF":7.1,"publicationDate":"2025-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143935816","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Brand activism: Research trends and cluster analysis 品牌行动主义：研究趋势与聚类分析

IF 7.1 3区管理学

European Research on Management and Business Economics Pub Date : 2025-05-01 DOI: 10.1016/j.iedeen.2025.100279

Jorge Luna-Amador , Alexander Caraballo-Payares , Andres Escobar-Espinoza

{"title":"Brand activism: Research trends and cluster analysis","authors":"Jorge Luna-Amador , Alexander Caraballo-Payares , Andres Escobar-Espinoza","doi":"10.1016/j.iedeen.2025.100279","DOIUrl":"10.1016/j.iedeen.2025.100279","url":null,"abstract":"<div><div>This paper aims to identify emerging research topics related to brand activism: analyzing current research trends and providing a comprehensive overview of its various aspects. Brand activism, transcending traditional business roles, represents a strategic alignment of corporate identities with broader societal values and issues. This study employs a structured approach, including data identification, filtering, and systematization, with a focus on scientific literature in the field. We conduct a systematic literature review using the PRISMA methodology and the SCOPUS database, we identify and analyze 150 relevant documents. VOSviewer software for network analysis and Atlas TI 23 for data categorization are employed to conduct cluster identifications and content analysis. This research identifies four main topics: Corporate Social Responsibility (CSR), Social Media, Brand Equity, and Authenticity. It explores the transition of brand activism from CSR to a more integrated approach in brand identity, examines the significant role of social media in brand activism, and discusses how brand activism impacts brand equity. The study also delves into the concept of authenticity in brand activism, distinguishing genuine efforts from woke-washing. The paper concludes with managerial implications, emphasizing the importance of integrating brand activism into corporate strategies with the dynamic, evolving nature of brand activism. It suggests future research directions, focusing on long-term impacts of brand activism on consumer behavior, brand loyalty and corporate reputation, and on ethical dimensions and risks in various cultural and political contexts.</div></div>","PeriodicalId":45796,"journal":{"name":"European Research on Management and Business Economics","volume":"31 2","pages":"Article 100279"},"PeriodicalIF":7.1,"publicationDate":"2025-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143907832","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Unravelling the complex link between managers’ disclosure of abnormal tone and opportunistic behaviour 揭示经理人披露异常语气与机会主义行为之间的复杂联系

IF 7.1 3区管理学

European Research on Management and Business Economics Pub Date : 2025-05-01 DOI: 10.1016/j.iedeen.2025.100277

Azam Pouryousof , Farzaneh Nassirzadeh , Davood Askarany

{"title":"Unravelling the complex link between managers’ disclosure of abnormal tone and opportunistic behaviour","authors":"Azam Pouryousof , Farzaneh Nassirzadeh , Davood Askarany","doi":"10.1016/j.iedeen.2025.100277","DOIUrl":"10.1016/j.iedeen.2025.100277","url":null,"abstract":"<div><div>This study investigates the relationship between managers’ abnormal disclosure tone and opportunistic behaviour in managerial accounting, grounded in agency theory. Using a quantitative ex-post-facto design, we analysed data from 1411 annual reports of 143 companies listed on the Tehran Stock Exchange between 2008 and 2020. Finance-oriented dictionaries were employed to quantify abnormal disclosure tone, and a panel smooth transition regression model was used for analysis. The results reveal nuanced correlations between abnormal tone and various dimensions of opportunistic behaviour, including earnings management, management compensation, financial leverage, capital increase plans, and accounting conservatism. Notably, positive earnings management and financial leverage are positively associated with the abnormal tone, while capital increase plans are significant only in companies with negative earnings management.</div><div>Contrary to expectations, accounting conservatism shows a positive relationship with abnormal tone. The findings highlight the need for companies to recognise and mitigate risks associated with opportunistic behaviour and provide insights for stakeholders in the financial sector. The study contributes to the literature by offering empirical evidence on the interplay between disclosure tone and managerial opportunism, with implications for corporate governance and decision-making.</div></div>","PeriodicalId":45796,"journal":{"name":"European Research on Management and Business Economics","volume":"31 2","pages":"Article 100277"},"PeriodicalIF":7.1,"publicationDate":"2025-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143918425","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Military experience and entrepreneurship: An imprinting perspective 军事经验与创业：烙印视角

IF 7.1 3区管理学

European Research on Management and Business Economics Pub Date : 2025-05-01 DOI: 10.1016/j.iedeen.2025.100281

Mingzhi Hu , Yinxin Su

引用次数: 0

Innovative governance for the future: Will gender diversity on boards enhance business performance in the European insurance industry? 面向未来的创新治理：董事会性别多元化是否会提高欧洲保险业的业务绩效？

IF 7.1 3区管理学

European Research on Management and Business Economics Pub Date : 2025-05-01 DOI: 10.1016/j.iedeen.2025.100283

María Encina Morales de Vega , María-Carmen García-Centeno , Ricardo Palomo-Zurdo

{"title":"Innovative governance for the future: Will gender diversity on boards enhance business performance in the European insurance industry?","authors":"María Encina Morales de Vega , María-Carmen García-Centeno , Ricardo Palomo-Zurdo","doi":"10.1016/j.iedeen.2025.100283","DOIUrl":"10.1016/j.iedeen.2025.100283","url":null,"abstract":"<div><div>Recently, advocacy for gender diversity in corporate governance has intensified, following the hypothesis that heterogeneous boards can optimize management processes and improve financial performance. Existing literature primarily focuses on the banking or financial industry, with limited research on European insurers. Using a sample of 22 insurers included in EUROSTOXX 600 index over 2013–2023, a dynamic panel data model is employed to assess the impact of the presence of women on board and chair positions on <em>Return on Equity</em> (ROE) and <em>Return on Assets</em> (ROA), effectively accounting for unobserved firm characteristics and time-varying data. The results reveal that a female CEO increases performance by 0.3 %, higher female board representation improves returns by 3 %, and a smaller pay gap increases performance by 1 %. On the contrary, the existence of a quota does not have a significant influence due to issues with its design and implementation. These findings support the need to increase the number of women on insurers’ boards to enhance performance and strengthen a company's ethical standing and social responsibility. They are consistent with the literature review, underscoring the significance of gender equality policies in management for enhancing efficiency and innovation in the insurers’ future.</div></div>","PeriodicalId":45796,"journal":{"name":"European Research on Management and Business Economics","volume":"31 2","pages":"Article 100283"},"PeriodicalIF":7.1,"publicationDate":"2025-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143922572","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0