{"title":"A foreign subsidiary's largest shareholder, entry mode, and divestitures: the moderating role of foreign investment inducement policies","authors":"Jongpil Park , Woojin Yoon","doi":"10.1016/j.iedeen.2022.100197","DOIUrl":"10.1016/j.iedeen.2022.100197","url":null,"abstract":"<div><p>This study investigates the relationships among the influence of the largest shareholder, the entry mode of foreign direct investment companies in Korea, and subsidiary divestitures to demonstrate how the government's FDI policies can work as a moderator. Using data from 468 foreign manufacturing firms that set up plants in Korea through FDI between 2008 and 2011, a survival analysis was performed using the Cox proportional hazards model. The statistical results suggest that the possibility of foreign subsidiary divestiture increased with the level of influence held by the company's largest shareholder. Also, the entry mode of mergers and acquisitions was more likely than the greenfield entry mode to result in foreign subsidiary divestiture. Lastly, the host country's FDI policies moderate the relationship between the influence of the largest shareholder and foreign subsidiary divestiture.</p></div>","PeriodicalId":45796,"journal":{"name":"European Research on Management and Business Economics","volume":"28 3","pages":"Article 100197"},"PeriodicalIF":5.8,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2444883422000031/pdfft?md5=4b1b5e7547f75c3f5750305a4d0306c0&pid=1-s2.0-S2444883422000031-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45310081","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Thi Tam Le , Thi Mai Anh Nguyen , Van Quang Do , Thi Hai Chau Ngo
{"title":"Risk-based approach and quality of independent audit using structure equation modeling – Evidence from Vietnam","authors":"Thi Tam Le , Thi Mai Anh Nguyen , Van Quang Do , Thi Hai Chau Ngo","doi":"10.1016/j.iedeen.2022.100196","DOIUrl":"10.1016/j.iedeen.2022.100196","url":null,"abstract":"<div><p>This study considers factors affecting to audit performance by risk-based approach (RBA) as well as audit quality in Vietnam. In addition, the study also examines the relationship between RBA and quality of independent audit firms. A descriptive survey research was adopted using both quantitative and qualitative methods. Qualitative research was conducted to consider the characteristics of RBA, and to identify items affecting to RBA application. A purposeful sampling method was used to select intentionally a target audience of 18 qualified experts. To examine influent factors, the study targeted 500 professional auditors but 355 returned the survey questionnaire. Performing data analysis by using structure equation modeling (SEM), the research findings revealed positive relationships between capacity of auditors, job pressure on auditors, the support of information technology, competitive ability of audit firms, audit fees, client's risks and the application of RBA, as well as quality of independent audits in Vietnam. Of which as supported by many previous studies, client's risks and information technology have the strongest relationship. On the other hand, RBA also positively and significantly affect to quality of independent audit firms. Finally, some recommendations were proposed based on the results of influent factors.</p></div>","PeriodicalId":45796,"journal":{"name":"European Research on Management and Business Economics","volume":"28 3","pages":"Article 100196"},"PeriodicalIF":5.8,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S244488342200002X/pdfft?md5=1c0dcd247e025e998617a7d4cc5db083&pid=1-s2.0-S244488342200002X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"54353091","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Impact of international organizations on the institutional development of investment activity","authors":"Francisco Zabala Aguayo","doi":"10.1016/j.iedeen.2021.100191","DOIUrl":"10.1016/j.iedeen.2021.100191","url":null,"abstract":"<div><p>This study examines the impact of international organizations on the institutional development of investment activity through the lens of foreign direct investment (FDI) flow asymmetry. The paper offers an approach to computing an integrated Financial Asymmetry Index, formalizing the degree and nature of financial imbalances, and presents the geostrategic matrix built by comparing the actual and hypothetical values of the FDI Attraction Efficiency Index. Using a linear regression model, a scenario-based forecast of FDI flows to 32 countries was generated for the years 2025 and 2030. As a result, it was unveiled that the majority of countries experienced a moderate financial imbalance, whilst developed and transition economies such as China and Singapore had a low degree of asymmetry in their financial systems. For less developed nations, one of the major preconditions of asymmetry was the administrative response taken by the government. The generated geostrategic matrix and FDI forecast may serve as FDI boosting tools. In this regard, investment policies of the world states should focus on promoting the efficiency of investment usage. The long-term predictions made suggest that countries will concentrate on improving and developing their investment potential. In turn, the solution offered in the study will help reduce financial asymmetries and balance available financial resources against investment needs.</p></div>","PeriodicalId":45796,"journal":{"name":"European Research on Management and Business Economics","volume":"28 3","pages":"Article 100191"},"PeriodicalIF":5.8,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2444883421000504/pdfft?md5=f70c893eb01a28ecf857fae6068ad5f6&pid=1-s2.0-S2444883421000504-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"54353008","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Institutional factors affecting entrepreneurship: A QCA analysis","authors":"Pau Sendra-Pons , Irene Comeig , Alicia Mas-Tur","doi":"10.1016/j.iedeen.2021.100187","DOIUrl":"10.1016/j.iedeen.2021.100187","url":null,"abstract":"<div><p>A country's institutional framework plays a crucial role in promoting entrepreneurship, which drives economic growth. Encouraging a minimum level of certainty in ambiguous environments characterized by risk taking is important. Aware of this importance, we analyze the influence of institutional factors on entrepreneurship development. Specifically, we analyze political stability, government effectiveness, regulatory quality, a robust rule of law, the ease of starting a new business, and the ease of obtaining credit. We develop two models to explain the presence and absence of entrepreneurship. To do so, we apply qualitative comparative analysis (QCA) to a sample of 48 countries using data sourced from the Global Entrepreneurship Monitor and the Global Innovation Index. The results show that the effect of institutional factors on the level of entrepreneurship varies according to the socioeconomic characteristics of each country. They suggest that a wide range of institutional configurations lead to the presence or absence of entrepreneurship. Although entrepreneurship can be found in unfavorable institutional environments, future research should examine how to formalize such environments as a standardized institutional configuration to shift from necessity to opportunity entrepreneurship. Achieving this shift is relevant for innovation and economic development.</p></div>","PeriodicalId":45796,"journal":{"name":"European Research on Management and Business Economics","volume":"28 3","pages":"Article 100187"},"PeriodicalIF":5.8,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2444883421000462/pdfft?md5=f199cedcdb6883bf1dd551a2aba965af&pid=1-s2.0-S2444883421000462-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"54352959","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Consumer evaluation of food quality and the role of environmental cues. A comprehensive cross-country study","authors":"Dacinia Crina Petrescu , Iris Vermeir , Philippe Burny , Ruxandra Malina Petrescu-Mag","doi":"10.1016/j.iedeen.2021.100178","DOIUrl":"10.1016/j.iedeen.2021.100178","url":null,"abstract":"<div><p>Widely explored in literature, yet it is unclear which food quality cues consumers find most relevant. The increasing consumers’ concern for sustainability aspects in their food buying decisions warrants special attention to environmental-social aspects as food quality indicators. Consequently, this study explores consumer evaluation of food quality and highlights the role of environmental-social cues in food quality evaluation. A cross-national perspective was adopted, using a sample of 761 consumers from Belgium and Romania. Exploratory factor analysis reveals six factors that contained food quality cues perceived as similar by consumers. The first factor, named “Environmental-Social”, comprises cues related to environmental protection and social equity. Regression analyses indicate a set of variables that can predict the perceived relevance of environmental-social cues in food quality evaluation. The present study contributes to understanding of consumer food quality evaluation by extending the analysis to a large number (59) of food quality cues. From a practical stance, the study can guide managers’ efforts to enhance environmentally sustainable behavior based on the relevance of environmental-social cues in consumers’ food quality evaluation.</p></div>","PeriodicalId":45796,"journal":{"name":"European Research on Management and Business Economics","volume":"28 2","pages":"Article 100178"},"PeriodicalIF":5.8,"publicationDate":"2022-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2444883421000371/pdfft?md5=f24b760e77b2ab0a868a5001b06f3c6a&pid=1-s2.0-S2444883421000371-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44327443","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Halder Yandry Loor-Zambrano Dr. , Luna Santos-Roldán Dra. , Beatriz Palacios-Florencio Dra.
{"title":"Relationship CSR and employee commitment: Mediating effects of internal motivation and trust","authors":"Halder Yandry Loor-Zambrano Dr. , Luna Santos-Roldán Dra. , Beatriz Palacios-Florencio Dra.","doi":"10.1016/j.iedeen.2021.100185","DOIUrl":"10.1016/j.iedeen.2021.100185","url":null,"abstract":"<div><h3>Purpose</h3><p>the main objective of this article is to check whether the relationship between corporate social responsibility activities and employee commitment is mediated by the existence of two other attitudinal variables of workers: intrinsic motivation and trust towards the organisation.</p></div><div><h3>Design/methodology/approach</h3><p>a survey of 318 Ecuadorian workers provides data that allows the application of structural equation modelling to verify the existence of such relationships.</p></div><div><h3>Findings</h3><p>the work shows a positive and significant relationship between CSR actions and the two attitudes of the employees considered: trust and intrinsic motivation. Furthermore, the mediating character that both variables play in the relationship between CSR and organisational commitment is confirmed. Ecuadorian managers can infer from this study the positive effects that CSR practices have on various attitudes and behaviors of employees, such as their motivation at work, their confidence in the company and their commitment to it.</p></div><div><h3>Research limitations/implications</h3><p>the scant generalisation of its results to the Ecuadorian reality given that the firms are located in a single zone of the country and belong to a specific activity.</p></div><div><h3>Practical implications</h3><p>new determinant factors of the relations between the endogenous and exogenous variables could be included.</p></div><div><h3>Social implications</h3><p>the consideration of other variables which could condition the relations studies: sex, age, etc.</p></div><div><h3>Originality/value</h3><p>the work increases the already existing knowledge about the relationship between CSR and different attitudes and behaviours of employees within formal work organisations.</p></div>","PeriodicalId":45796,"journal":{"name":"European Research on Management and Business Economics","volume":"28 2","pages":"Article 100185"},"PeriodicalIF":5.8,"publicationDate":"2022-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2444883421000449/pdfft?md5=536f6989c4d9d88e03694556ee628506&pid=1-s2.0-S2444883421000449-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"54352614","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Virtual teams are here to stay: How personality traits, virtuality and leader gender impact trust in the leader and team commitment","authors":"Carlos Flavián , Miguel Guinalíu , Pau Jordán","doi":"10.1016/j.iedeen.2021.100193","DOIUrl":"10.1016/j.iedeen.2021.100193","url":null,"abstract":"<div><p>Teleworking has, today, become a necessity for many organizations, so effective virtual team management is critical. This study analyzes the influence of the personality traits of virtual team workers on team efficiency. To do so we examine the effects of subordinates’ personalities on the trust they give the virtual team leader and the impact of this trust on commitment to the team. We also discuss how the team's degree of virtuality and the leader's gender influence the relationship between personality and trust. The findings showed that extroversion has a positive effect on trust felt in the leader, and that this trust has a positive effect on commitment felt toward the team. On the other hand, it was observed that neuroticism had a more negative effect on trust in more virtual environments. The leader's gender had no significant effect. The study offers advice for virtual team management and discusses its limitations and future research directions.</p></div>","PeriodicalId":45796,"journal":{"name":"European Research on Management and Business Economics","volume":"28 2","pages":"Article 100193"},"PeriodicalIF":5.8,"publicationDate":"2022-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2444883421000528/pdfft?md5=5cf57bb26a4e4a481a1d16a986dfb9a0&pid=1-s2.0-S2444883421000528-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48179292","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Does good local governance improve subjective well-being?","authors":"Ana Cárcaba , Rubén Arrondo , Eduardo González","doi":"10.1016/j.iedeen.2021.100192","DOIUrl":"10.1016/j.iedeen.2021.100192","url":null,"abstract":"<div><p>The goal of this research is to examine the effects of good management of local governments on individual subjective well-being (SWB). We define three dimensions of good governance at the municipal level: accountability, government efficiency and control of corruption. We use a large survey of individual welfare carried out in Spain in 2013 and 2018 and distinguish four potential drivers of SWB: socio-demographic factors, material conditions, quality of life and municipal governance. Individual QoL variables, such as social connections or health status are major drivers of SWB. To a lesser extent, the material conditions also have a significant impact. With respect to good governance, our results point to an immediate positive effect of government efficiency on individual SWB levels. In contrast, accountability, understood as transparency, does not seem to have a significant impact. Surprisingly, we find no immediate effect of corruption on reported SWB, but a very strong deferred impact.</p></div>","PeriodicalId":45796,"journal":{"name":"European Research on Management and Business Economics","volume":"28 2","pages":"Article 100192"},"PeriodicalIF":5.8,"publicationDate":"2022-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2444883421000516/pdfft?md5=0c2803ff6d0a433b2d76cdcdcff8ae90&pid=1-s2.0-S2444883421000516-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46332825","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Linking brand and competitive advantage: The mediating effect of positioning and market orientation","authors":"Orlando Lima Rua , Catarina Santos","doi":"10.1016/j.iedeen.2021.100194","DOIUrl":"10.1016/j.iedeen.2021.100194","url":null,"abstract":"<div><p>The purpose of this paper is to analyze the relationship between brand and competitive advantage (through differentiation) and the mediating effect of positioning and market orientation in this relationship.</p><p>An empirical study was developed using a quantitative methodological approach. The object of the study was Portuguese exporting companies in the footwear industry, to which a questionnaire survey was applied.</p><p>The results show that (1) brand has a significant direct impact on positioning and market orientation and competitive advantage through differentiation, (2) competitive advantage through differentiation is directly impacted by positioning, (3) market orientation does not have a significant direct impact on competitive advantage through differentiation, and (4) positioning has a mediating effect on the relationship between brand and competitive advantage through differentiation, and market orientation does not have on it.</p></div>","PeriodicalId":45796,"journal":{"name":"European Research on Management and Business Economics","volume":"28 2","pages":"Article 100194"},"PeriodicalIF":5.8,"publicationDate":"2022-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S244488342100053X/pdfft?md5=cb7ab47b9db63da634f14f8635ac663a&pid=1-s2.0-S244488342100053X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"54353041","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Zooming into firms’ location, capabilities and innovation performance: Does agglomeration foster incremental or radical innovation?","authors":"Jose-Luis Hervas-Oliver , Francisca Sempere-Ripoll , Carles Boronat Moll","doi":"10.1016/j.iedeen.2021.100186","DOIUrl":"10.1016/j.iedeen.2021.100186","url":null,"abstract":"<div><p>This study answers the question on whether areas of agglomeration or high industry specialization constitute supportive prone-to-innovation environments for the generation of radical innovation. By drawing on the CIS distinction between incremental vs radical innovation, we disentangle the effect of industry specialization on the occurrence of radical innovations, a phenomenon mostly overlooked. By analysing a large dataset of 3,602 firms from CIS and other geographic datasets, results show that a firm's location in high industry specialization areas primarily trims incremental but not radical innovation. Firms’ internal knowledge bases do matter more for radical innovation to occur, rather than location in agglomerations. External knowledge available in regions of high industry specialization is redundant for improving a firm's internal knowledge base for radical innovation and it is more likely to merely enable incremental innovation.</p></div>","PeriodicalId":45796,"journal":{"name":"European Research on Management and Business Economics","volume":"28 2","pages":"Article 100186"},"PeriodicalIF":5.8,"publicationDate":"2022-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2444883421000450/pdfft?md5=e1171fcb759917aa1668d97109c7929d&pid=1-s2.0-S2444883421000450-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"54352656","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}