Journal of Business Economics and Management最新文献_第8页

THE IMPACT OF MANDATORY CSR DISCLOSURE ON FIRM EFFICIENCY IN AN EMERGING COUNTRY 新兴国家强制性企业社会责任披露对企业效率的影响

IF 2.6 3区经济学

Journal of Business Economics and Management Pub Date : 2022-12-22 DOI: 10.3846/jbem.2022.18201

Thi-Khanh Kieu, Cong-Hoang Nguyen, Shu Wu

引用次数: 1

VOLATILITY SPILLOVER BETWEEN GERMANY, FRANCE, AND CEE STOCK MARKETS 德国、法国和中东欧股市的波动溢出效应

IF 2.6 3区经济学

Journal of Business Economics and Management Pub Date : 2022-12-20 DOI: 10.3846/jbem.2022.18194

V. Chirilă, C. Chirilă

引用次数: 0

DO INVESTORS’ REACTIONS TO ENVIRONMENTALLY FRIENDLY NEWS ANNOUNCEMENTS DIFFER ACROSS INDUSTRIES? A COMPARATIVE ANALYSIS OF JAPAN’S FOOD AND AUTOMOTIVE INDUSTRIES 投资者对环保新闻公告的反应是否因行业而异?日本食品和汽车工业的比较分析

IF 2.6 3区经济学

Journal of Business Economics and Management Pub Date : 2022-12-20 DOI: 10.3846/jbem.2022.18244

Miho Murashima

{"title":"DO INVESTORS’ REACTIONS TO ENVIRONMENTALLY FRIENDLY NEWS ANNOUNCEMENTS DIFFER ACROSS INDUSTRIES? A COMPARATIVE ANALYSIS OF JAPAN’S FOOD AND AUTOMOTIVE INDUSTRIES","authors":"Miho Murashima","doi":"10.3846/jbem.2022.18244","DOIUrl":"https://doi.org/10.3846/jbem.2022.18244","url":null,"abstract":"Recently, investors’ growing awareness of environmental concerns has prompted many businesses to implement green policies and procedures. Investors’ reactions to firms’ environmental efforts vary across different industries. However, few empirical studies have addressed these differences, especially in Japan – the third-largest sustainable investor in the world. Using data from Japanese food and automotive industries, this research examined sector-specific differences in investors’ reactions to firms’ environmental performance, indicated by environmentally friendly news releases, using a short-term event study and Student’s t-tests. Results indicated that investors respond negatively to environmental activities in the food and automobile sectors, supporting neo-classical theory. The data also imply that, in Japan, industry variances have a neutral effect on short-term performance but a significant long-term effect. In addition, long-term investor responses to environmentally friendly news in the food sector are more unfavorable than in the automobile industry. This study has implications for policymakers and managers.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"157 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2022-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72997313","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

EVALUATION OF THE IMPLEMENTATION OF SMART SPECIALISATION STRATEGY IN LITHUANIAN INDUSTRY 立陶宛工业实施智能专业化战略的评估

IF 2.6 3区经济学

Journal of Business Economics and Management Pub Date : 2022-12-20 DOI: 10.3846/jbem.2022.18295

Arunas Augustinaitis, J. Kaivo‐oja, Theresa Lauraéus, A. Kiškienė, Levan Bzhalava, Steffen Roth

引用次数: 0

THE IMPACT OF ENTREPRENEURIAL EDUCATION AND EDUCATIONAL ATTAINMENT ON ENTREPRENEURIAL ACTIVITY: EVIDENCE FROM SELECTED HIGH-INCOME ECONOMIES 创业教育和受教育程度对创业活动的影响:来自高收入经济体的证据

IF 2.6 3区经济学

Journal of Business Economics and Management Pub Date : 2022-11-29 DOI: 10.3846/jbem.2022.17840

Yılmaz Bayar, G. Sart, M. Gavriletea, M. Coroș

{"title":"THE IMPACT OF ENTREPRENEURIAL EDUCATION AND EDUCATIONAL ATTAINMENT ON ENTREPRENEURIAL ACTIVITY: EVIDENCE FROM SELECTED HIGH-INCOME ECONOMIES","authors":"Yılmaz Bayar, G. Sart, M. Gavriletea, M. Coroș","doi":"10.3846/jbem.2022.17840","DOIUrl":"https://doi.org/10.3846/jbem.2022.17840","url":null,"abstract":"Entrepreneurship has become an important tool for job creation, economic growth, improvements in productivity and production, and innovation. Therefore, key country and individual-level factors driving entrepreneurship have been explored in the related literature. Furthermore, entrepreneurial education has been extensively scheduled in primary, secondary, and tertiary education programs by many countries. This study explores the impact of entrepreneurial education at primary and secondary education levels, higher education levels, and general education levels on early-stage entrepreneurial activity in selected high-income countries over the period of 2003 to 2018, through panel cointegration and causality analyses. Causality analysis revealed that entrepreneurial education and general education had a significant impact on earlystage entrepreneurial activity in the short run. The cointegration analysis disclosed that both entrepreneurial education at basic and higher education levels, respectively general education level positively affected the early-stage entrepreneurial activity in the long run.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"28 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2022-11-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85132935","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

FINANCIAL MARKET REACTION TO R&D VOLATILITY IN THE PHARMACEUTICAL INDUSTRY. A MULTI-COUNTRY STUDY 金融市场对制药行业研发波动的反应。一项多国研究

IF 2.6 3区经济学

Journal of Business Economics and Management Pub Date : 2022-11-25 DOI: 10.3846/jbem.2022.17844

M. Mironiuc, M. Huian, Alina Țaran, Mihaela Curea

{"title":"FINANCIAL MARKET REACTION TO R&D VOLATILITY IN THE PHARMACEUTICAL INDUSTRY. A MULTI-COUNTRY STUDY","authors":"M. Mironiuc, M. Huian, Alina Țaran, Mihaela Curea","doi":"10.3846/jbem.2022.17844","DOIUrl":"https://doi.org/10.3846/jbem.2022.17844","url":null,"abstract":"Corporate management is often accused of short-term oriented behaviour related to R&D expenditures. This study analyses the influence of R&D volatility and R&D intensity on the market capitalization of pharmaceutical and medical research companies from Europe, considering the institutional context and several firm characteristics. Panel regression estimations on a sample of 217 companies for 2014–2019 indicate that R&D volatility adversely affects market value. The analysis is conducted on the entire sample and on sub-samples determined based on the positive and negative values of the R&D volatility. This differentiates between the continuous and the disrupting effect of R&D activities and the firm’s shift between exploratory and exploitative innovations. The positive volatility sub-sample provides consistent evidence of a significant negative influence of the R&D volatility on the market value. For the negative volatility sub-sample, R&D intensity and its interaction with R&D volatility have a significant positive effect, consistent over the alternative estimations. We conclude that the market influence of the R&D expenditure is related to the sign of volatility and depends on the proportion of R&D expenditure, especially when the volatility is negative. Our findings provide valuable insights for managers, investors, analysts, and other stakeholders about the market reaction to R&D volatility.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"10 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2022-11-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91274290","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

MERGER DECISIONS, ACCOUNTING INFORMATION AND PERFORMANCE STABILITY INSIDE AND OUTSIDE OF ECONOMIC CRISIS PERIODS: EVIDENCE FROM GREECE 经济危机时期内外的并购决策、会计信息和业绩稳定性:来自希腊的证据

IF 2.6 3区经济学

Journal of Business Economics and Management Pub Date : 2022-11-08 DOI: 10.3846/jbem.2022.17697

Michail Pazarskis, Nikolaos Giovanis, Andreas G. Koutoupis, Aikaterini Chasiotou

{"title":"MERGER DECISIONS, ACCOUNTING INFORMATION AND PERFORMANCE STABILITY INSIDE AND OUTSIDE OF ECONOMIC CRISIS PERIODS: EVIDENCE FROM GREECE","authors":"Michail Pazarskis, Nikolaos Giovanis, Andreas G. Koutoupis, Aikaterini Chasiotou","doi":"10.3846/jbem.2022.17697","DOIUrl":"https://doi.org/10.3846/jbem.2022.17697","url":null,"abstract":"This study examines the merger decisions from a sample of Greek listed companies in the economic crisis period and shortly after its end, by employing various quantitative and qualitative variables of mergers that signalize different levels of risk. The results revealed that the performance subsequent of mergers is not significantly different for the merged companies. But in comparison to control sample of companies without mergers for the examined period, the results reveal that merger transactions signalize a more stable profitability and better performance for the companies with mergers. Furthermore, merger events signalize different performance levels during and after the crisis: mergers that took place when there was no economic crisis are far more profitable and lead to better performance from mergers during the period of economic crisis. Last, regarding the industry relatedness of the merged firms, the industry type and the merger combination of merged companies, there is not any impact from them on the post-merger performance in the examined accounting measures. The study proposes for companies that during crisis periods maybe merger be the only way to survive and provide a stable profitability and accounting performance for shareholders.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"67 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2022-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78334485","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 3

SURVIVAL ANALYSIS OF THAI MICRO AND SMALL ENTERPRISES DURING THE COVID-19 PANDEMIC 新冠肺炎疫情期间泰国小微企业生存分析

IF 2.6 3区经济学

Journal of Business Economics and Management Pub Date : 2022-11-08 DOI: 10.3846/jbem.2022.17875

Supanika Leurcharusmee, Paravee Maneejuk, W. Yamaka, Nalitra Thaiprasert, Nathapong Tuntichiranon

{"title":"SURVIVAL ANALYSIS OF THAI MICRO AND SMALL ENTERPRISES DURING THE COVID-19 PANDEMIC","authors":"Supanika Leurcharusmee, Paravee Maneejuk, W. Yamaka, Nalitra Thaiprasert, Nathapong Tuntichiranon","doi":"10.3846/jbem.2022.17875","DOIUrl":"https://doi.org/10.3846/jbem.2022.17875","url":null,"abstract":"Micro and small enterprises (MSEs) are important to the local economy and are the most crucial source of employment in Thailand. Using the three-round survey data, we assess the impact of COVID-19 on the survival probability of MSEs in the tourism and manufacturing sectors. Enterprise characteristics such as owner characteristics, employment and business strategies are examined as potential factors to mitigate or stimulate business failures. The Cox proportional hazards model and Kaplan–Meier estimator are employed. Our findings reveal that the survival probability paths from the three rounds of survey show a gradual decrease of survival probability from the first week of interview and approximately 50% of MSEs could not survive longer than 52 weeks during the COVID-19 pandemic. We also find that the survival of MSEs mainly depends on location, number of employees, and business model adjustment, namely operation with social distancing and online marketing. Particularly, retaining employees and not reducing the working hours are one of the key factors increasing the survivability of MSEs. However, the longer length of the crisis reduces the contribution of these key factors. The longer the period of the COVID-19 pandemic, the lower the chance of MSEs survivability.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"125 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2022-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78454303","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

FORMING A METHODOLOGICAL APPROACH TO THE MANAGEMENT SYSTEM OF INNOVATIVE ACTIVITIES AT ENTERPRISES IN CONDITIONS OF ECONOMIC DEVELOPMENT 形成经济发展条件下企业创新活动管理体系的方法论方法

IF 2.6 3区经济学

Journal of Business Economics and Management Pub Date : 2022-10-18 DOI: 10.3846/jbem.2022.17804

V. Panchenko, Roksolana Ivanova, O. Viunyk, Ilona Androshchuk, O. Guk

{"title":"FORMING A METHODOLOGICAL APPROACH TO THE MANAGEMENT SYSTEM OF INNOVATIVE ACTIVITIES AT ENTERPRISES IN CONDITIONS OF ECONOMIC DEVELOPMENT","authors":"V. Panchenko, Roksolana Ivanova, O. Viunyk, Ilona Androshchuk, O. Guk","doi":"10.3846/jbem.2022.17804","DOIUrl":"https://doi.org/10.3846/jbem.2022.17804","url":null,"abstract":"The main purpose of the study is to form a methodological approach to the management system of innovative activities at enterprises in the context of their economic development. To achieve this purpose, a methodical approach was formed containing a certain set of methods, the main of which is the methodology of functional modeling and graphic representation – IDEF0. As a result, the main decompositions of our model were presented with the proposed ways to improve the management system of innovative activities at the enterprise, taking into account the main goals of economic development. Our study was presented in the work of several companies in Eastern Europe to identify its effectiveness and convenience. The flexibility of the model makes it possible to effectively apply it in the practical activities of many enterprises. The originality of the research results implies the application of the existing methodology in a new area for it, namely in the management system of innovative activities and innovative development of the enterprise. The study has several limitations, which are primarily related to the fact that, due to the conditions of the pandemic, its practical application took place exclusively at Ukrainian enterprises.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"70 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2022-10-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83274004","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

DEVELOPING A NEW TECHNIQUE FOR DETERMINING SERVICE MODULARITY LEVEL 开发一种确定服务模块化水平的新技术

IF 2.6 3区经济学

Journal of Business Economics and Management Pub Date : 2022-10-14 DOI: 10.3846/jbem.2022.17800

Jurga Vestertė, Ilona Skačkauskienė

{"title":"DEVELOPING A NEW TECHNIQUE FOR DETERMINING SERVICE MODULARITY LEVEL","authors":"Jurga Vestertė, Ilona Skačkauskienė","doi":"10.3846/jbem.2022.17800","DOIUrl":"https://doi.org/10.3846/jbem.2022.17800","url":null,"abstract":"This paper addresses the existing methodological gap in assessing service modularity level. The study uses a qualitative approach and develops a technique to quickly and cost-effectively determine service modularity level. The theoretical framework builds on the principles of measurement theory, evaluation theory, and multicriteria analysis (MCA). To test the developed technique, an exploratory case study was conducted focusing on three service companies in Lithuania. Data were collected by interviewing key informants using the proposed instrument. The collected data were analysed and linked to the developed multidimensional scale for measuring the service modularity level. The obtained results support the view that qualitative evaluation can be an alternative for calculating modularity indices in the field of service modularity. The paper provides a practical tool for service modularity assessment for service industry practitioners to accelerate decision-making. The study contributes to the field of service modularity by delivering insights into assessing service modularity level. These insights are particularly important because the literature on measuring modularity level in services has been quite scarce.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"15 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2022-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85420341","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1