Asia Pacific Management Review最新文献

{"title":"Objective and key results (OKRs) within an Omani performance appraisal System: Can they provide hybridity, collaboration, motivation and empowerment for academicians?","authors":"Wafa A-Maawali,&nbsp;Zulaikha Al-Saadi","doi":"10.1016/j.apmrv.2025.100384","DOIUrl":"10.1016/j.apmrv.2025.100384","url":null,"abstract":"<div><h3>Purpose</h3><div>This paper highlights the importance of effective performance appraisal and advocates a particular model for both universities and the workplace beyond. This study aims to determine whether academicians in Omani higher education associate collaboration, hybridity, empowerment and motivation with Objectives and Key Results (OKRs) systems. It also aims to explore <em>how</em> this association is or is not enacted.</div></div><div><h3>Methods</h3><div>Quantitative data were elicited from an e-questionnaire administered to 103 academicians in three campuses at a university to ascertain if they positively correlate with the four variables. Five of these respondents participated in follow-up semi-structured interviews, providing qualitative data to further illuminate these findings.</div></div><div><h3>Findings</h3><div>It was found that collaboration and hybridity significantly correlate with OKRs according to academicians. Motivation moderately correlates, while empowerment does not significantly correlate with OKRs.</div></div><div><h3>Research limitations/implications</h3><div>It is important to delve further into the theme of motivation and empowerment with OKRs. More quantitative studies are needed to determine whether the same results occur in other HEIs. More qualitative studies are required to understand why participants answered in this way.</div></div><div><h3>Practical implications</h3><div>This study can be informative to managers, leaders and professionals when using OKRs or evaluating its potential use.</div></div><div><h3>Originality/value</h3><div>Few studies have been carried out in HEIs in Oman or indeed globally. The study is useful to draw attention to the four variables highlighted extensively in the literature, especially ‘empowerment’ which did not significantly correlate.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"30 4","pages":"Article 100384"},"PeriodicalIF":5.6,"publicationDate":"2025-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145221363","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":"Employing a hierarchical data envelopment analysis to evaluate the competitiveness of listed companies in Indonesia","authors":"Shiang-Tai Liu ,&nbsp;Chen-Hao Huang ,&nbsp;Dwi Nastiti Danarsari ,&nbsp;Putu Angga Widyastaman ,&nbsp;Yu-Shan Huang","doi":"10.1016/j.apmrv.2025.100387","DOIUrl":"10.1016/j.apmrv.2025.100387","url":null,"abstract":"<div><div>Enterprise competitiveness is a pivotal concept in business and economic studies, serving as a key factor in a company's capacity to achieve sustainable growth, sustain market relevance, and create value within a competitive environment. In this study, we employ fifteen indicators spanning financial, production, and marketing functions to measure competitiveness. Given that the enterprise competitiveness index is synthesized from the hierarchical nature of these indicators, we utilize hierarchical data envelopment analysis (HDEA) to endogenously determine weights, enabling the aggregation of indicators to derive a comprehensive competitiveness index. This approach allows businesses to understand their competitive position better and identify specific areas for improvement. By analyzing data from 951 Indonesian listed companies, we illustrate the practical application of this index, enabling businesses to identify areas for strategic improvement.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"31 1","pages":"Article 100387"},"PeriodicalIF":5.6,"publicationDate":"2025-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145223256","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":"A survey of enterprise competitiveness for listed companies in Singapore","authors":"Po-Yao Huang ,&nbsp;Cheng-Han Wu ,&nbsp;Yeu-Shiang Huang ,&nbsp;Xin Chang ,&nbsp;Li Yan ,&nbsp;Xiao Sun","doi":"10.1016/j.apmrv.2025.100388","DOIUrl":"10.1016/j.apmrv.2025.100388","url":null,"abstract":"<div><div>This study constructs a comprehensive framework for evaluating the competitiveness of enterprises in Singapore, integrating both current performance and future potential. Based on a review of existing literature and Singapore's economic context, it develops the Enterprise Competitiveness Index (ECI), which consists of five key dimensions: productivity, profitability, corporate image, stability, and growth. The Analytic Hierarchy Process is adopted to design the hierarchical structure of evaluation indicators, derive indicator weights, and ensure systematic and objective analysis. Empirical analysis is based on financial data from 515 publicly listed Singaporean companies from 2020 to 2023. Results show that financial industries, such as insurance, banking, and REITs, perform strongly in profitability and corporate image. At the same time, sectors like consumer services and transportation demonstrate growth potential but face challenges in stability and productivity. By providing a multidimensional and data-driven evaluation model, the findings support more informed strategic planning, help identify areas for improvement within and across industries, and ultimately foster a more competitive and sustainable corporate environment.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"31 1","pages":"Article 100388"},"PeriodicalIF":5.6,"publicationDate":"2025-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145160403","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":"An assessment of bank efficiency in Cambodia: A comparison between multi-criteria measurement and the DEA approach","authors":"Wann-Yih Wu ,&nbsp;Ying-Kai Liao ,&nbsp;Wei-Shiun Chang ,&nbsp;Thi Thinh Vo ,&nbsp;Gia Vung Dang ,&nbsp;Ting Chih Wu ,&nbsp;Leang Un ,&nbsp;Sambath Phou ,&nbsp;Chandy Hang","doi":"10.1016/j.apmrv.2025.100390","DOIUrl":"10.1016/j.apmrv.2025.100390","url":null,"abstract":"<div><div>This study provides a comprehensive evaluation of the competitiveness and efficiency of 52 Cambodian commercial banks through the integration of a multi-criteria Enterprise Competitiveness Index (ECI), two-stage Data Envelopment Analysis (DEA), and a Back Propagation Neural Network (BPNN). Grounded in the Resource-Based View (RBV), Dynamic Capability Theory (DCT), and the Resource–Capability–Performance (RCP) framework, the model captures both internal efficiency and broader strategic potential. The ECI offers a multidimensional benchmark encompassing financial, marketing, operational, and human resource dimensions. Two-stage DEA evaluates how effectively banks convert inputs (e.g., advertising, labor quality) into intermediate outputs (e.g., productivity measures) and subsequently into financial performance. A BPNN is incorporated to model non-linear relationships and forecast profitability outcomes with over 85 % prediction accuracy. Findings reveal significant variation in banks' ability to translate operational productivity into financial returns, indicating potential strategic misalignments. Some banks exhibit high resource utilization but fail to achieve commensurate profitability, while others demonstrate strong financial outcomes despite weaker operational foundations. The integration of the ECI and DEA highlights the distinction between technical efficiency and long-term competitiveness, while the BPNN enhances strategic foresight by capturing hidden patterns across performance variables. This multi-method approach offers valuable insights for regulators and managers in emerging financial markets, particularly in addressing governance, resource allocation, and sustainable growth strategies. The study not only fills methodological gaps in traditional banking efficiency models but also provides a robust tool for adaptive strategic planning in Cambodia's rapidly evolving banking landscape.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"31 1","pages":"Article 100390"},"PeriodicalIF":5.6,"publicationDate":"2025-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145223255","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":"FinTech rankings of six Taiwan municipalities","authors":"Shuen-Lin Jeng ,&nbsp;Wen-Chi Sun ,&nbsp;Kung-Hong Shih ,&nbsp;Hung-Ju Hsieh ,&nbsp;Tzu-Fan Ting ,&nbsp;Chin-Min Guan ,&nbsp;Yeu-Shiang Huang ,&nbsp;Theovin Lautan","doi":"10.1016/j.apmrv.2025.100398","DOIUrl":"10.1016/j.apmrv.2025.100398","url":null,"abstract":"<div><div>The innovations and applications of global FinTech have significantly influenced the knowledge in human communities and accelerated the booming development of emerging capital markets. A country's financial technology strength has become a critical indicator of its comprehensive national economic power. Reflecting the global emphasis on FinTech ranking, developing a robust FinTech environment requires the strategic allocation of resources based on the local cities' unique advantages and characteristics to maximize benefits.</div><div>This study is the first paper to construct a FinTech ranking of Taiwan's six municipalities, derived from rigorous selection of FinTech indicators and robust statistical analysis. The study reveals a significant disparity in FinTech development, with inherent environmental factors and public resource allocation heavily favoring northern cities. In contrast, the two southern municipalities demonstrate a more profound integration and symbiotic relationship with local populations and businesses, facilitated by robust industry-academia collaborations and strong performance in green economy efficiency. The global and regional implications of our findings shed insights that the international regulators and policy makers should make strategically reinforce FinTech resources. This requires careful consideration of major municipalities' existing strengths and weaknesses to achieve a more balanced allocation of FinTech resources, ultimately fostering comprehensive financial knowledge inclusion in emerging countries.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"30 4","pages":"Article 100398"},"PeriodicalIF":5.6,"publicationDate":"2025-09-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145061263","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 impacts of IT and CEO pay upon the firm's performance as measured by average performance ratio","authors":"Winston T. Lin ,&nbsp;Yueh H. Chen","doi":"10.1016/j.apmrv.2025.100397","DOIUrl":"10.1016/j.apmrv.2025.100397","url":null,"abstract":"<div><div>The purpose of this research is to conduct a comparative analysis of the influences of information technology (IT) and CEO compensation upon the performance of US firms. The comparative analysis is based on the three theories of adjustment speed (AS) and their accompanied AS valuation (ASV) approaches in which the AS is assumed constant and fixed (Case 1), dynamic and variable (Case 2), and stochastic and dynamic (Case 3). The six research models proposed are fitted into a panel dataset involving 91 US firms over the time from 1999 to 2012. Due to the varying assumptions of the AS, we employ three different methods of estimation to carry out the huge amount of the empirical estimates of the six models. The analysis of the results amounts to answering seven research questions as set forth at the outset of the paper. The major findings are summarized in Section 6, whereas the managerial implications are discussed in Section 7.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"30 4","pages":"Article 100397"},"PeriodicalIF":5.6,"publicationDate":"2025-09-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145026341","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":"Exploring the links between human resource practices, employee outcomes and performance at the individual and team levels","authors":"Aneeqa Suhail ,&nbsp;Karina van de Voorde ,&nbsp;Trui Steen ,&nbsp;Cecil Meeusen","doi":"10.1016/j.apmrv.2025.100399","DOIUrl":"10.1016/j.apmrv.2025.100399","url":null,"abstract":"<div><div>While the strategic human resource management literature has frequently emphasised the mediating role of employee outcomes in the relationship between human resource (HR) practices and performance, the mediating mechanism is relatively understudied at the team level. This research examines the mediating relationship between motivation-enhancing HR practices, employee outcomes (i.e., job satisfaction and organisational citizenship behaviours), and job performance at both individual and team levels using a sample of 805 doctors from 62 teams in three public hospitals in Pakistan. The findings reveal that all tested relationships are positive and significant at both individual and team levels, except for the relationship between job satisfaction and job performance at the team level. Notably, the strength of the tested relationships differs between individual and team levels. Specifically, we find a stronger relationship between motivation-enhancing HR practices and employee outcomes, but a weaker relationship between employee outcomes and job performance at the team level compared to the individual level. These findings challenge the assumption that employee outcomes mediate the relationship between HR practices and performance in the same way and to the same extent at both the individual and team levels. In addition to its significant theoretical contributions, this study offers practical insights for managers and HR practitioners.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"30 4","pages":"Article 100399"},"PeriodicalIF":5.6,"publicationDate":"2025-09-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145021090","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 impacts of business cycles on the residual income valuation model: Empirical results from Taiwan stock markets","authors":"Yu-Hong Liu,&nbsp;Tang-Lin Hwang","doi":"10.1016/j.apmrv.2025.100366","DOIUrl":"10.1016/j.apmrv.2025.100366","url":null,"abstract":"<div><div>This research offers an additional asset pricing valuation viewpoint that combines theory with practice, enabling investors and fundamental analysts to either establish or adjust their portfolios if there is a trend to reverse the current economic atmosphere affected by financial and economic uncertainty (Liu &amp; Chu, 2024). It presents a mixed model based on the residual income valuation (RIV) framework of Ohlson (1995), incorporating two new factors: business cycles and financial items. The former helps valuation models predict stock prices (Bolten &amp; Weigand, 1998), while the latter is useful at stock pricing models (Huang &amp; Zhang, 2012). We find that both business cycles and disaggregated financial components significantly influence stock valuation, and that the impact of accounting items in financial reports varies across different business cycles.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"30 3","pages":"Article 100366"},"PeriodicalIF":5.6,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145018860","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":"A business function approach for measuring enterprise competitiveness: An illustration with Taiwanese listed companies","authors":"Chiang Kao ,&nbsp;Wann-Yih Wu ,&nbsp;Wei-Shiun Chang ,&nbsp;Shiang-Tai Liu ,&nbsp;Chen-Hao Huang ,&nbsp;Yeu-Shiang Huang ,&nbsp;Cheng-Han Wu ,&nbsp;Der-Chiang Li ,&nbsp;I-Lin Wang","doi":"10.1016/j.apmrv.2025.100369","DOIUrl":"10.1016/j.apmrv.2025.100369","url":null,"abstract":"<div><div>As the competition within the industry gets increasingly fierce, enterprises must be more competitive to survive and prosper. How competitive an enterprise is compared to other enterprises requires a comprehensive measure to examine; not only from the current performance but also from the future potential. This paper proposes a business function approach stemming from the findings that the major problems causing enterprises to close are primarily related to finance, production, and marketing to design indicators to measure enterprise competitiveness. To make the model more comprehensive, the human resources and research and development functions are also considered in this paper. Nineteen indicators are obtained from the literature that are related to the performance of these five functions. These indicators are categorized into five pillars: productivity, profitability, image, stability, and growth, of which productivity and profitability represent the current performance and the other three indicate the future potential. An enterprise competitiveness index is synthesized from the measures of current performance and future potential via an objective approach. To illustrate how to apply this approach to measure enterprise competitiveness in the real world, data for the 1801 listed companies in Taiwan are collected, calculated, and analyzed. The results shed some light on how to be more competitive for general enterprises.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"30 3","pages":"Article 100369"},"PeriodicalIF":5.6,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145018862","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":"Taiwan stock arbitrage strategy based on beta uncertainty","authors":"Hung-Hsi Huang ,&nbsp;Jie-Yu Lyu ,&nbsp;Ching-Ping Wang","doi":"10.1016/j.apmrv.2025.100367","DOIUrl":"10.1016/j.apmrv.2025.100367","url":null,"abstract":"<div><div>This study investigates an investment arbitrage strategy based on CAPM beta uncertainty, using monthly data from companies listed in Taiwan from 1993 to 2023. The in-sample analysis reveals that beta uncertainty has a stronger positive relationship with stock returns than beta itself, suggesting that beta uncertainty is a more effective risk factor than the traditional CAPM beta. Specifically, holding high-beta or high-beta-uncertainty stocks while shorting low-beta or low-beta-uncertainty stocks can generate significant investment returns. Stock portfolios are further segmented based on historical betas, market values, book-to-price ratios, and past cumulative returns to ensure the robustness of the findings. In the out-of-sample analysis, we observe that within the highest beta groups, a strategy involving a long position in the highest beta group and a short position in the lowest beta group exhibits the highest investment performance.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"30 3","pages":"Article 100367"},"PeriodicalIF":5.6,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145018861","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}