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A decision model for international market selection by entrepreneurs: a cross-country investigation 企业家选择国际市场的决策模型:跨国调查
IF 4.2
European Business Review Pub Date : 2023-12-22 DOI: 10.1108/ebr-04-2023-0106
Marwan N. Al Qur’an
{"title":"A decision model for international market selection by entrepreneurs: a cross-country investigation","authors":"Marwan N. Al Qur’an","doi":"10.1108/ebr-04-2023-0106","DOIUrl":"https://doi.org/10.1108/ebr-04-2023-0106","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>This study aims to examine the international market selection process of entrepreneurs operating internationally.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>Four small and medium-sized comparative and rich-information case studies were purposefully selected from among Australian and Arabian firms. Data were collected via in-depth personal interviews, follow-up interviews and questionnaire instrument.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The results revealed that entrepreneurs used a four-stage systematic decision-making process to attain profitable foreign market choices. The decision process was influenced by cognitive boundaries as entrepreneurs relied on the availability experiential, anchoring and adjustment heuristic.</p><!--/ Abstract__block -->\u0000<h3>Research limitations/implications</h3>\u0000<p>The research’s findings and the proposed decision model will, significantly, assist entrepreneurs, willing to expand internationally, in enhancing their decision-making to attain profitable foreign market choices. Further, it provides benefits to foreign investment policymakers in host countries by assisting them to attract more inward foreign direct investments, and, accordingly, enhance the economic and social development movement in their countries.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>This study provides a significant theoretical contribution to the literature on the internationalization process of entrepreneurs and small- and medium-sized enterprises through developing a decision model for selecting and entering foreign markets by entrepreneurs in a cross-country context. Further, the study provides significant methodological contributions with regard to the effectiveness of the qualitative case study method in capturing elements of the foreign market selection process.</p><!--/ Abstract__block -->","PeriodicalId":47867,"journal":{"name":"European Business Review","volume":"8 1","pages":""},"PeriodicalIF":4.2,"publicationDate":"2023-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138824471","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}
引用次数: 0
The interplay among paradoxical leadership, industry 4.0 technologies, organisational ambidexterity, strategic flexibility and corporate sustainable performance in manufacturing SMEs of Malaysia 马来西亚制造业中小型企业中矛盾领导力、工业 4.0 技术、组织灵活性、战略灵活性与企业可持续绩效之间的相互作用
IF 4.2
European Business Review Pub Date : 2023-12-19 DOI: 10.1108/ebr-04-2023-0109
Mohammad Imtiaz Hossain, Jeetesh Kumar, Md. Tariqul Islam, Marco Valeri
{"title":"The interplay among paradoxical leadership, industry 4.0 technologies, organisational ambidexterity, strategic flexibility and corporate sustainable performance in manufacturing SMEs of Malaysia","authors":"Mohammad Imtiaz Hossain, Jeetesh Kumar, Md. Tariqul Islam, Marco Valeri","doi":"10.1108/ebr-04-2023-0109","DOIUrl":"https://doi.org/10.1108/ebr-04-2023-0109","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>Manufacturing firms must embrace smart technologies and develop complex leadership approaches to achieve sustainability. Using the dynamic capability theory, this paper aims to examine the influence of the adoption of industry 4.0 technologies (AT) and paradoxical leadership (PL) on corporate sustainable performance (CSP) of manufacturing small-medium enterprises (SMEs) in Malaysia. Moreover, organisational ambidexterity (OA) is a mediator and strategic flexibility (SF) is a moderator in the study.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>The study is a cross-sectional, quantitative study design that collected 395 usable responses through a simple random sampling technique and a close-ended structured questionnaire. Structural equation modelling (SEM) procedures were followed to analyse the data.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The statistical outcome implies that the AT significantly influence CSP and OA and mediate with CSP in the presence of OA. Moreover, PL shows a significant impact on OA, is insignificant on CSP and mediates with OA and CSP. The authors found a significant association between OA and CSP; however, SF did not provide evidence of a moderate effect.</p><!--/ Abstract__block -->\u0000<h3>Research limitations/implications</h3>\u0000<p>The findings of this study clarify the role that organisational capabilities (OA, AT, PL and SF) play in fostering sustainability. The authors suggest incorporating SMEs from different geographies in other sectors by applying diverse methodologies and relevant constructs.</p><!--/ Abstract__block -->\u0000<h3>Practical implications</h3>\u0000<p>The result injects new perspectives into policy, managerial and individual levels. Installing OA, AT, PL and SF makes SMEs sustainable.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>The empirical validation of the influence of OA and AT on CSP and the interaction of PL and SF enriches the organisational and entrepreneurial literature.</p><!--/ Abstract__block -->","PeriodicalId":47867,"journal":{"name":"European Business Review","volume":"3 1","pages":""},"PeriodicalIF":4.2,"publicationDate":"2023-12-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138680156","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}
引用次数: 3
Do trade barriers have the same effect on SMEs in a country under sanctions? The case study of Iran 贸易壁垒对受制裁国家的中小企业是否有同样的影响?伊朗案例研究
IF 4.2
European Business Review Pub Date : 2023-12-15 DOI: 10.1108/ebr-06-2022-0108
Khadijeh Hassanzadeh, Kiumars Shahbazi, Mohammad Movahedi, Olivier Gaussens
{"title":"Do trade barriers have the same effect on SMEs in a country under sanctions? The case study of Iran","authors":"Khadijeh Hassanzadeh, Kiumars Shahbazi, Mohammad Movahedi, Olivier Gaussens","doi":"10.1108/ebr-06-2022-0108","DOIUrl":"https://doi.org/10.1108/ebr-06-2022-0108","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>This paper aims to investigate the difference between the impacts of indicators of trade barriers (TBs) on bankrupt enterprises (BEs), new enterprises (NEs) and other enterprises (OEs).</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>The paper has used a multiple-step approach. At the first stage, the initial data has been collected from interviews with 164 top managers of SMEs in West Azerbaijan in Iran during two periods of 2013–2015 and 2017–2019. At the second step, multiple correspondence analysis has been used to summarize the relationships between variables and construct indices for different groups of TBs. Finally, the generalized structural equation model method was used to examine the impact of export barriers.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The results showed that the political legal index is the main TBs for BEs and NEs, but it had a more significant impact on BEs; the financial index was the second major TBs factor for BEs, while OEs did not have a problem in performance index, and the financial index was classified as a minor obstacle for them. All indicators of marketing barriers (except production index) had a negative and significant effect on all enterprises; the most important TBs for NEs was the information index.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>The results indicated that if enterprises have a strong financial system and function, they can lessen the impact of sanctions and keep themselves in the market.</p><!--/ Abstract__block -->","PeriodicalId":47867,"journal":{"name":"European Business Review","volume":"31 1","pages":""},"PeriodicalIF":4.2,"publicationDate":"2023-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138680148","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}
引用次数: 0
Green manufacturing practices and SMEs’ sustainable performance: a moderated mediation mechanisms of green innovation and managerial discretion 绿色制造实践与中小企业的可持续绩效:绿色创新和管理者自由裁量权的调节中介机制
IF 4.2
European Business Review Pub Date : 2023-12-12 DOI: 10.1108/ebr-06-2023-0186
Adel Omar, Alaa Al-shari, Syed Haider Ali Shah, Gül Erkol Bayram, Eman Zameer Rahman, Marco Valeri
{"title":"Green manufacturing practices and SMEs’ sustainable performance: a moderated mediation mechanisms of green innovation and managerial discretion","authors":"Adel Omar, Alaa Al-shari, Syed Haider Ali Shah, Gül Erkol Bayram, Eman Zameer Rahman, Marco Valeri","doi":"10.1108/ebr-06-2023-0186","DOIUrl":"https://doi.org/10.1108/ebr-06-2023-0186","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>Drawing on the resource-based view, ecological modernization theory and upper-echelon theory, this study aims to explore how green manufacturing practices (GMGP) affect the sustainable performance of small and medium enterprises (SMEs).</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>It also examines the mediating role of green innovation (GIN) and the moderating role of managerial discretion (MD). To test the hypothesized model, the data was collected from 394 manufacturing SMEs though survey and analyzed using SPSS and AMOS (SEM).</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The results provide evidence for the positive relationship between GMGP and corporate sustainable performance (CSPR), mediated by GIN. Furthermore, the presence of MD enhances the positive effect of GMGP on CSPR through GIN. Thus, this study enhances the understanding of the relationship between GMGP and CSPR, including its underlying mechanism and conditional effects.</p><!--/ Abstract__block -->\u0000<h3>Research limitations/implications</h3>\u0000<p>This study collected sample from SMEs located in Punjab province of Pakistan which represents majority of the SMEs; however, future research can take data from other province and with large sample size.</p><!--/ Abstract__block -->\u0000<h3>Practical implications</h3>\u0000<p>The findings highlight the significance of GMGP and GIN in the manufacturing sector for attaining CSPR goals. GMGP guides business leaders to be more inclined toward the energy and resource consumption as well as waste generation within their organizations which lead to improved CSPR outcomes.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>The findings of this study make significant contributions to the existing literature, shedding light on the dynamics between GMGP and CSPR. Moreover, the study offers managerial implications for organizations aiming to enhance their sustainable performance by implementing effective GMGP.</p><!--/ Abstract__block -->","PeriodicalId":47867,"journal":{"name":"European Business Review","volume":"105 1","pages":""},"PeriodicalIF":4.2,"publicationDate":"2023-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138566587","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}
引用次数: 0
Becoming a Multilatina: strategic capabilities as necessary conditions for the internationalization of Latin American firms 成为一个多面体:战略能力是拉美公司国际化的必要条件
IF 4.2
European Business Review Pub Date : 2023-12-07 DOI: 10.1108/ebr-02-2023-0040
Michel Hermans, Armando Borda, William Newburry, Carlos Oswaldo Cordova Chea, Diego Finchelstein, Maria Alejandra Gonzalez-Perez, Miguel A. Montoya-Bayardo, Gerardo Velasco, Juan Velez-Ocampo
{"title":"Becoming a Multilatina: strategic capabilities as necessary conditions for the internationalization of Latin American firms","authors":"Michel Hermans, Armando Borda, William Newburry, Carlos Oswaldo Cordova Chea, Diego Finchelstein, Maria Alejandra Gonzalez-Perez, Miguel A. Montoya-Bayardo, Gerardo Velasco, Juan Velez-Ocampo","doi":"10.1108/ebr-02-2023-0040","DOIUrl":"https://doi.org/10.1108/ebr-02-2023-0040","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>This study aims to challenge the generic interpretation of Multilatinas as Latin American firms that have been able to internationalize because of highly competitive strategic capabilities. The authors test whether capabilities that international business researchers commonly associate with internationalization are necessary at different stages of the internationalization process to better understand the extent to which emerging market (EM) firms need to develop them.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>International business research suggests a positive association between strategic capabilities and firm internalization. However, it remains unclear what specific capabilities are necessary and when they are necessary. These questions are particularly important in the context of the internationalization of firms from emerging economies, such as Latin America. The authors apply necessary condition analysis (NCA) on a sample of Latin American firms at different internationalization stages to test what strategic capabilities represent necessary conditions for becoming a Multilatina.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The findings suggest that only a few strategic capabilities are necessary for Latin American firms to become “Multilatinas”. While entrepreneurial orientation and marketing and sales capabilities represent necessary conditions, EM firms may internationalize even though other capabilities are developed to a lesser extent. The authors reflect on how shifts in local markets and technology drive the emergence of different types of Multilatinas.</p><!--/ Abstract__block -->\u0000<h3>Research limitations/implications</h3>\u0000<p>Measuring strategic capabilities across multiple EM firms implies a risk that firm-specific aspects are not fully captured. While the authors focused on the comparative competitive strength of capabilities and took great care to minimize measurement error, the authors acknowledge possible bias. Also, while NCA does not require a minimum sample size, findings from our sample of firms from four countries may not generalize to the region or other EMs.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>As a relatively new statistical technique, the use of NCA has spread rapidly. To the best of the authors’ knowledge, the linkage between organizational capabilities and firm internationalization has not been tested from a necessary conditions perspective yet. The reflections on the “Multilatina” concept based on the notion of EM firms as configurations of strategic capabilities inform current debates on EM multinational enterprises.</p><!--/ Abstract__block -->","PeriodicalId":47867,"journal":{"name":"European Business Review","volume":"43 ","pages":""},"PeriodicalIF":4.2,"publicationDate":"2023-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138505918","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}
引用次数: 0
Antecedents of Industry 4.0 capabilities and technological innovation: a dynamic capabilities perspective 工业 4.0 能力和技术创新的先决条件:动态能力视角
IF 4.2
European Business Review Pub Date : 2023-12-07 DOI: 10.1108/ebr-05-2023-0158
Ayman wael AL-Khatib, Ahmed Shuhaiber, Ibrahim Mashal, Manaf Al-Okaily
{"title":"Antecedents of Industry 4.0 capabilities and technological innovation: a dynamic capabilities perspective","authors":"Ayman wael AL-Khatib, Ahmed Shuhaiber, Ibrahim Mashal, Manaf Al-Okaily","doi":"10.1108/ebr-05-2023-0158","DOIUrl":"https://doi.org/10.1108/ebr-05-2023-0158","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>This paper aims to empirically examine the impact of dynamic capabilities on Industry 4.0 capabilities in small and medium enterprises (SMEs) in Jordan. It also aims to examine the potential impact of industry 4.0 capabilities on technological innovation.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>Data were collected from 210 respondents who work and own SMEs in Jordan. SmartPLS software based on the partial least squares-structural equation modeling approach was used to test hypotheses.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The findings reveal the positive effects of the three components of dynamic capabilities, including sensing, seizing and reconfiguring, on Industry 4.0 capabilities. They also confirm the positive effect of Industry 4.0 capabilities on technological innovation.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>This study provides valuable practical implications and enriches the literature on the determinants of Industry 4.0 capabilities and its role in developing the dynamic capabilities of SMEs, such as technological innovation.</p><!--/ Abstract__block -->","PeriodicalId":47867,"journal":{"name":"European Business Review","volume":"6 1","pages":""},"PeriodicalIF":4.2,"publicationDate":"2023-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138548350","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}
引用次数: 0
The influence of home-country resources and state ownership on subsidiary’s performance: a multilevel perspective 母国资源与国有制对子公司绩效的影响:多层次视角
IF 4.2
European Business Review Pub Date : 2023-12-04 DOI: 10.1108/ebr-05-2023-0152
Juciara Nunes de Alcântara, Cristina Lelis Leal Calegario, Marco Túlio Dinali Viglioni, Jorge Carneiro
{"title":"The influence of home-country resources and state ownership on subsidiary’s performance: a multilevel perspective","authors":"Juciara Nunes de Alcântara, Cristina Lelis Leal Calegario, Marco Túlio Dinali Viglioni, Jorge Carneiro","doi":"10.1108/ebr-05-2023-0152","DOIUrl":"https://doi.org/10.1108/ebr-05-2023-0152","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>Although emerging markets are distinctly known for the rapid growth and international expansion of their state-owned enterprises, little is known about the influence of parent resource advantages and mixed state ownership on a subsidiary’s performance. Using the resource-based view, this study aims to investigate how resource advantages from the parent company and state ownership influence the performance of subsidiaries.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>This study included a unique data set of 207 subsidiaries from 33 large Brazilian multinationals located in 32 countries from 2000 to 2015. The authors used a hierarchical linear modeling and a multilevel structure based on data at different levels to analyze the influence of home-country parent resource advantages and state ownership on host-country subsidiary’s performance.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>This study illustrates that state ownership can alleviate the resource advantages of parent companies. Evidence is presented, indicating that low and medium degrees of state ownership have a negative impact on the resource advantages of the parent company, consequently reducing the subsidiary’s performance. Moreover, this study highlights that low and medium degrees of state ownership lead to conflicting interests between state ownership and parent resource advantages, resulting in an overall decline in subsidiary performance.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>This research contributes new evidence regarding state ownership and resource advantages to the field of international business studies and the domain of Latin American multinational enterprises, Multilatinas. The results suggest that low and medium levels of state ownership diminish the influx of resources from parent companies, thereby restricting the subsidiary’s performance.</p><!--/ Abstract__block -->","PeriodicalId":47867,"journal":{"name":"European Business Review","volume":"66 ","pages":""},"PeriodicalIF":4.2,"publicationDate":"2023-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138505916","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}
引用次数: 0
Cross-cultural examination of successful entrepreneurial small and medium-sized enterprises 成功创业中小企业的跨文化考察
IF 4.2
European Business Review Pub Date : 2023-11-21 DOI: 10.1108/ebr-03-2023-0081
Ana Balhico, Renato Pereira, Hajer Jarrar
{"title":"Cross-cultural examination of successful entrepreneurial small and medium-sized enterprises","authors":"Ana Balhico, Renato Pereira, Hajer Jarrar","doi":"10.1108/ebr-03-2023-0081","DOIUrl":"https://doi.org/10.1108/ebr-03-2023-0081","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>The purpose of this study is to evaluate the potential variances in strategic entrepreneurial small and medium-sized enterprises (SMEs) across different countries while also exploring the cultural implications that may arise.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>In this study, a qualitative research approach was used, involving semi-structured interviews conducted with seven technology start-ups from two countries – Portugal and France.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The results of this study demonstrate significant differences in opportunity-seeking, performance and long-term orientation behaviors between the technology start-ups in Portugal and France.</p><!--/ Abstract__block -->\u0000<h3>Practical implications</h3>\u0000<p>This knowledge can help entrepreneurs and investors make informed decisions when developing strategies, entering new markets or seeking partnerships with start-ups from different countries. Furthermore, policymakers can use these findings to support entrepreneurship initiatives and foster an environment that encourages strategic entrepreneurship practices.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>This study offers a unique perspective by focusing on the firm level of entrepreneurial SMEs and the strategic practices adopted by technology start-ups in Portugal and France. In contrast, prior studies have predominantly centred on analysing individual motivations for entrepreneurship, such as personal traits or attitudes, rather than exploring the actual strategic behaviors and practices of start-ups in various countries. By shifting the emphasis to the firm level, this study provides a more comprehensive understanding of how strategic entrepreneurship practices differ across different cultural contexts. As such, it represents a significant contribution to the existing literature on strategic entrepreneurship.</p><!--/ Abstract__block -->","PeriodicalId":47867,"journal":{"name":"European Business Review","volume":"69 ","pages":""},"PeriodicalIF":4.2,"publicationDate":"2023-11-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138505915","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}
引用次数: 0
Economic policy uncertainty and SMEs’ investment efficiency in France: does competitive pressure matter? 法国经济政策不确定性与中小企业投资效率:竞争压力是否重要?
European Business Review Pub Date : 2023-11-14 DOI: 10.1108/ebr-03-2023-0078
Taher Hamza, Zeineb Barka, Jean-François Verdie, Maher Al Sayah
{"title":"Economic policy uncertainty and SMEs’ investment efficiency in France: does competitive pressure matter?","authors":"Taher Hamza, Zeineb Barka, Jean-François Verdie, Maher Al Sayah","doi":"10.1108/ebr-03-2023-0078","DOIUrl":"https://doi.org/10.1108/ebr-03-2023-0078","url":null,"abstract":"Purpose This paper aims to investigate empirically the impact of economic policy uncertainty (EPU) on small-to-medium enterprises’ (SMEs) investment efficiency and whether product market competition influences this association. Design/methodology/approach The study was conducted on French SMEs listed on the “CAC Mid &amp; Small” Index over 2008–2021. This paper proposes a quantitative approach to test the relationship between the EPU and SME investment efficiency. Findings These findings show that EPU significantly alleviates SMEs’ investment inefficiency, reflected in the reduction of overinvestment and underinvestment. As EPU increases, firms with more exposure to such uncertainty invest more efficiently, and their overinvestment tendency becomes lower, while reducing the risk of underinvestment. These results are still significant after a series of robustness checks. Further analysis shows that EPU mitigates investment inefficiency to a greater extent for firms operating in highly competitive industries, and better information environments. Research limitations/implications This study was limited to the French EPU index and could be extended to a European or even international scale. Moreover, using alternative uncertainty indexes across various European countries can be more advantageous in further studies. Although results suggest that EPU affects investment efficiency, future studies could further explore the mechanisms through which EPU affects SMEs’ investment efficiency and, in particular, across different industries. Understanding these variations due to the specific industry-EPU sensitivity can provide valuable insights. Finally, it would be interesting to examine the risk management strategies adopted by SMEs in the face of EPU, combined with other growing risks, such as climate risk. Practical implications In the face of high EPU, SME managers must improve risk management, adopt appropriate investment strategies, consider using predictive analytics or economic forecasting tools and embrace technology and innovation that enhance agility and responsiveness to policy uncertainty. Besides, political decision-makers should adapt their regulatory policies (tax, labor, housing, etc.) to preserve the efficiency of SME investment. Originality/value Although the debates on how policy uncertainty affects the investment and financing of large businesses have received a great concern of academia, to the best of the authors’ knowledge, this is the first study that focuses on the effect of EPU on investment distortions for SMEs.","PeriodicalId":47867,"journal":{"name":"European Business Review","volume":"16 22","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134991650","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}
引用次数: 0
Winning hearts and minds: the charismatic leader’s role in SME productivity 赢得人心:魅力型领导者在中小企业生产力中的作用
European Business Review Pub Date : 2023-11-07 DOI: 10.1108/ebr-04-2023-0126
Charbel Salloum, Hajer Jarrar, Nathalie Chaanine, Maher Al Sayah, Jean-François Verdie
{"title":"Winning hearts and minds: the charismatic leader’s role in SME productivity","authors":"Charbel Salloum, Hajer Jarrar, Nathalie Chaanine, Maher Al Sayah, Jean-François Verdie","doi":"10.1108/ebr-04-2023-0126","DOIUrl":"https://doi.org/10.1108/ebr-04-2023-0126","url":null,"abstract":"Purpose This study focuses on exploring charismatic leadership within Lebanese Information Technology (IT) small and medium-sized enterprises (SMEs) and its influence on productivity. Through an in-depth analysis of the charismatic qualities and behaviors exhibited by leaders in these organizations, this research aims to delineate how such attributes may shape productivity levels. This study aims to deepen our understanding of leadership dynamics within the context of Lebanese IT SMEs, providing essential insights that can contribute to the enhancement of organizational performance and success. Design/methodology/approach This fundamental research used a quantitative approach and a purposive sampling method to select 342 Lebanese IT SMEs for primary data collection through a survey. Statistical regression analysis was then applied to treat the collected data. Findings The findings of this study reveal a positive correlation between charismatic leadership and increased innovation behavior among group or board members. This correlation can be strengthened by fostering a sense of ownership toward innovation and by ensuring a healthy work-life balance. Furthermore, the creation of an environment that emphasizes open communication and trust can enhance this correlation. Practical implications The implications of these findings are significant for organizations seeking to enhance their innovation capabilities. They suggest that investing in the development of charismatic leadership skills can be a valuable strategy for fostering innovation and creativity. Originality/value This study offers a unique and practical assessment of the role that charismatic leadership plays in maintaining resilient firm structures, especially during periods of political and economic instability.","PeriodicalId":47867,"journal":{"name":"European Business Review","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135431096","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}
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