{"title":"The impacts of IT and CEO pay upon the firm's performance as measured by average performance ratio","authors":"Winston T. Lin , 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":"2025-12-01","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":"MCDM-based approach for selecting a location for prototyping ISO refractory products","authors":"Stephan Grabs, Vitaliy Mezhuyev, Martin Tschandl","doi":"10.1016/j.apmrv.2025.100401","DOIUrl":"10.1016/j.apmrv.2025.100401","url":null,"abstract":"<div><div>In the context of a global company, deciding on a location to produce refractory product prototypes is an extremely difficult and complicated task. It requires the careful consideration of multiple criteria that shape both internal operations and external influences. This decision significantly impacts operational processes and includes aspects such as costs, quality, resource availability, market access, legal frameworks and the mitigation of potential risks. In order to do justice to the complexity of this decision-making process, multi-criteria decision-making (MCDM) methods are used to enable a systematic and structured analysis. This research aims to determine the optimal MCDM method for solving this site selection problem by identifying the most suitable site among all available alternatives. Using the Delphi method, relevant criteria were identified and subsequently evaluated using the analytic hierarchy process (AHP) and the fuzzy analytic hierarchy process (FAHP). The AHP and FAHP were selected due to their proven suitability for complex site selection problems involving both qualitative and quantitative expert-based criteria. With the help of these methods, a ranking of the alternatives was calculated, which considers the determined parameters. Finally, a sensitivity analysis was applied to determine the credibility of the results. The findings of this study are pivotal since they not only provide a deeper understanding of the underlying problem but also assist businesses in making informed decisions regarding site selection. They also underscore the critical nature of selecting suitable criteria for analysing complex issues, thus enabling a more targeted approach to this challenging decision-making area in corporate practice.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"30 4","pages":"Article 100401"},"PeriodicalIF":5.6,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145747906","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}
Andrei Raymund R. Relente, Erik Paolo S. Capistrano
{"title":"Innovation self-efficacy, theory of planned behavior, and entrepreneurial intentions: The perspective of young Filipinos","authors":"Andrei Raymund R. Relente, Erik Paolo S. Capistrano","doi":"10.1016/j.apmrv.2024.100350","DOIUrl":"10.1016/j.apmrv.2024.100350","url":null,"abstract":"<div><div>Entrepreneurship is essential to a country's economic growth and development. One way to achieve these objectives is to encourage entrepreneurial behavior among young people, especially students. Successful entrepreneurship requires innovative individuals to make contributions to the economy and to society. As more young Filipinos engage in entrepreneurship and exhibit entrepreneurial skills, it is necessary to know and understand the factors that contribute to their decisions and their confidence in their ability to perform innovation-related tasks, among others. This study integrated the multidimensional construct innovation self-efficacy (ISE), entrepreneurial self-efficacy (ESE), and entrepreneurial knowledge (EK) into the Theory of Planned Behavior (TPB) to determine the influence of these variables on the entrepreneurial intentions (EI) of young Filipino students. Confirmatory factor analysis (CFA) was employed to test the empirical validity and reliability of the measurement model, and structural equation modeling (SEM) was applied to test the hypothesized relationships of the proposed framework. The results show that ISE, attitude toward entrepreneurship (ATE), and perceived behavioral control (PBC) exert significant positive influences on EI. Although subjective norms (SN), ESE, and EK do not significantly influence EI, these variables influence at least one of the antecedents of EI. Moreover, the hypothesized factors of ISE proved to be statistically sound measures, with Observing being the most empirically powerful of the five. The implications for both theory and practice were explored, and potential avenues for further investigation were outlined.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"30 3","pages":"Article 100350"},"PeriodicalIF":5.5,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143610194","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pamela Anne S. Lloren-Alcantara , Erik Paolo S. Capistrano
{"title":"Determining antecedents and outcomes towards Philippine social enterprises: A theory of planned behavior perspective","authors":"Pamela Anne S. Lloren-Alcantara , Erik Paolo S. Capistrano","doi":"10.1016/j.apmrv.2024.11.004","DOIUrl":"10.1016/j.apmrv.2024.11.004","url":null,"abstract":"<div><div>Despite increasing national and global recognition of a growing number of social enterprises, most still struggle creating awareness of their brands and advocacies, especially in a developing country such as the Philippines. To address these aforementioned issues, gain consumers’ perspectives regarding these social enterprises, and understand their purchase behaviors, the research conducts a survey with 642 respondents guided by the Theory of Planned Behavior (TPB), complemented by theoretical discussions involving goodwill towards social enterprises and personal dispositions of social enterprise customers. Respondent demographics show that a majority of the respondents have made purchases from social enterprises and those who have not, indicate a high interest in buying social enterprise products in the future. Using confirmatory factor analysis and structural equation modeling, the study found that perceived benefits and product knowledge exert considerable influence on social norms and attitudes toward social enterprises, while ethical self-identity, perceived risks, and perceived contributions produced mixed results. Furthermore, familiarity with the social enterprise does not have any significant influence at all, while perceived behavioral control was completely dropped from the model. In addition, subjective norms yielded contrarian results while attitudes exerted significant influence as expected. These findings provide significant theoretical and practical insights in the strategic and tactical directions that various stakeholders involved in social enterprises should take into consideration.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"30 3","pages":"Article 100334"},"PeriodicalIF":5.5,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143610362","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Embracing the digital shift: Leveraging AI to foster employee well-being and engagement in remote workplace settings in the Asia Pacific region","authors":"Sofia Rizki Aulia, Wen-Shan Lin","doi":"10.1016/j.apmrv.2024.12.003","DOIUrl":"10.1016/j.apmrv.2024.12.003","url":null,"abstract":"<div><div>The COVID-19 pandemic has accelerated the shift to remote work, transforming working patterns and presenting new challenges for employees. As remote work continues to grow, organizations must adapt to ensure adequate performance and employee well-being. This study pioneered investigations of the role of artificial intelligence (AI) in enhancing work engagement and well-being in remote work settings. Drawing on the socio-technical system (STS) theory, we examine the mediating effects of human-AI teaming, task-technology fit, and perceived e-leadership support on the relationship between AI digital assistant skills and employee well-being. Our quantitative study of 360 sampling subjects reveals a significant positive relationship between AI digital assistant skills and human-AI teaming, task-technology fit, and perceived e-leadership support. Furthermore, these variables significantly influence employee well-being, which in turn has a positive effect on work engagement. Our findings underscore the importance of prioritizing human aspects within AI adoption, advocating for a balanced approach that enhances organizational efficiency while promoting positive workforce outcomes. This study highlights the need to consider the human factor when implementing technology in remote work environments, emphasizing the importance of a people-centric approach to AI adoption.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"30 3","pages":"Article 100339"},"PeriodicalIF":5.5,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143610195","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","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, 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 & 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 & Weigand, 1998), while the latter is useful at stock pricing models (Huang & 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}
Muhammad Ali Hussain , Sadaqat Ali , Shabahat Ali , Gerald Guan Gan Goh , Naveed Saif , Sajid Ullah Khan
{"title":"Redefining the concept of green transformational leadership through psychometric analysis: Evidence from educational setup of developing country prospective","authors":"Muhammad Ali Hussain , Sadaqat Ali , Shabahat Ali , Gerald Guan Gan Goh , Naveed Saif , Sajid Ullah Khan","doi":"10.1016/j.apmrv.2024.100354","DOIUrl":"10.1016/j.apmrv.2024.100354","url":null,"abstract":"<div><div>The current study endeavors to explore the novel realm of green transformational leadership within the academic context. Employing a theoretical foundation rooted in the Bass Model of transformational leadership, this pioneering approach dissects four distinct attributes of green transformational leadership through rigorous psychometric analysis. The study sources data from two distinct groups: top management within educational administration and teaching faculty in higher education, both possessing substantial administrative experience. Rigorous data analysis, using Exploratory Factor Analysis (EFA) and the Measurement Model assessed through Smart PLS, reveals that an initial set of 26 items was generated, with 15 items ultimately preserved and grouped into four distinct dimensions of green transformational leadership. These newly formulated dimensions were substantiated through tests of Convergent, Discriminate, and Nomo logical Validity. Notably, the study found that the association between green individualized consideration and teachers' performance through innovation lacked support in the analysis. Furthermore, the study highlights that recent research on green transformational leadership has largely utilized a streamlined construct comprising merely six items. In contrast, the present study offers educational researchers a comprehensive understanding of green transformational leadership and its attributes linked to top management's environmentally conscious conduct within an academic setting.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"30 3","pages":"Article 100354"},"PeriodicalIF":5.5,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143610191","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Chiang Kao , Wann-Yih Wu , Wei-Shiun Chang , Shiang-Tai Liu , Chen-Hao Huang , Yeu-Shiang Huang , Cheng-Han Wu , Der-Chiang Li , I-Lin Wang
{"title":"A business function approach for measuring enterprise competitiveness: An illustration with Taiwanese listed companies","authors":"Chiang Kao , Wann-Yih Wu , Wei-Shiun Chang , Shiang-Tai Liu , Chen-Hao Huang , Yeu-Shiang Huang , Cheng-Han Wu , Der-Chiang Li , 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":"Exploring the research development trajectory and trends of green finance","authors":"Pei-Hua Tung , Yu-Hsuan Chiu , Chen-Hao Huang","doi":"10.1016/j.apmrv.2024.10.001","DOIUrl":"10.1016/j.apmrv.2024.10.001","url":null,"abstract":"<div><div>Green finance refers to a financial action of balancing ecological protection and economic growth simultaneously with the goal of mitigating climate change. Given the rapid development of green finance, many related concepts have also emerged, such as sustainable finance, carbon finance, and environmental finance, but the boundaries between them remain blurred, potentially limiting the development of green finance. To foster green finance development, this research adopts the bibliometric method of main path analysis (MPA) to examine the research development trajectory from 3712 green finance-related papers. Based on the findings, this study categorizes the knowledge trajectory of green finance into three phases and seven recent hot sub-fields. It also proposes future research directions, including government information disclosure, financial institutions’ initiatives, and public engagement promotion, in order to provide a sustainable approach to facilitate green finance development.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"30 3","pages":"Article 100329"},"PeriodicalIF":5.5,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143610193","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","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 , Jie-Yu Lyu , 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}