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Humorous leadership, upward voice and resistance to change in the hotel context: from affective events theory perspective 酒店情境下幽默领导、向上发声与抗拒变革:情感事件理论视角
IF 4.2
European Business Review Pub Date : 2023-03-17 DOI: 10.1108/ebr-10-2022-0203
Mennaalla Hassan Salem, Kareem M. Selem, Rimsha Khalid, M. Raza, Marco Valeri
{"title":"Humorous leadership, upward voice and resistance to change in the hotel context: from affective events theory perspective","authors":"Mennaalla Hassan Salem, Kareem M. Selem, Rimsha Khalid, M. Raza, Marco Valeri","doi":"10.1108/ebr-10-2022-0203","DOIUrl":"https://doi.org/10.1108/ebr-10-2022-0203","url":null,"abstract":"\u0000Purpose\u0000The purpose of this paper is to explore the effect of affiliative-based humorous leadership on hotel employee outcomes (i.e. resistance to change and upward voice), underpinned by affective events theory. Further, this paper investigates psychological capital as a mediation effect and emotional intelligence as a moderation effect.\u0000\u0000\u0000Design/methodology/approach\u0000Using a structured questionnaire, 554 supervisors of 20 four- and five-star hotels in Sharm El-Sheikh responded based on a time-lagged approach. A Smart-partial least squares (Smart-PLS) v. 3.3.9 was used to analyze the data set.\u0000\u0000\u0000Findings\u0000The findings revealed that affiliative-based humorous leadership has a positive effect on psychological capital, and psychological capital has a positive association with employee upward voice. Psychological capital partially mediated the linkage of humorous leadership with employees' upward voices and resistance to change. According to the results, emotional intelligence strengthened the linkage of psychological capital with employee resistance to change and upward voice.\u0000\u0000\u0000Research limitations/implications\u0000The findings contribute to the body of knowledge on humor and the development of new ideas in the hospitality literature. This paper adds to the hospitality literature on humorous leadership in developing countries, specifically in Egypt. This paper also provides practitioners with new perspectives as they develop strategies and use humor-related wise leadership styles in the workplace.\u0000\u0000\u0000Originality/value\u0000To the best of the authors’ knowledge, this paper is one of the first studies to assess affiliative-based humor in leadership in the hospitality industry. This paper contributes to future studies on the crucial effect of workplace engagement and its association with employees’ novel and intriguing actions and offers a good guideline for organizations and enterprises wishing to better leverage leader humor.\u0000","PeriodicalId":47867,"journal":{"name":"European Business Review","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2023-03-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42553823","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: 4
Integrated reporting, audit quality: presence of environmental auditing in an international context 综合报告、审计质量:国际环境审计的存在
IF 4.2
European Business Review Pub Date : 2023-03-17 DOI: 10.1108/ebr-03-2022-0044
Abir Hichri
{"title":"Integrated reporting, audit quality: presence of environmental auditing in an international context","authors":"Abir Hichri","doi":"10.1108/ebr-03-2022-0044","DOIUrl":"https://doi.org/10.1108/ebr-03-2022-0044","url":null,"abstract":"\u0000Purpose\u0000This paper aims to investigate the effect of audit quality and environmental auditing on integrated reporting and the effect of environmental auditing on audit quality.\u0000\u0000\u0000Design/methodology/approach\u0000Data was collected from a sample of 300 international companies during the period 2010–2019. The author collected the data from the Thomson Reuters Eikon database, sustainability reports and annual reports. A multiple regression analysis was performed to test the hypotheses.\u0000\u0000\u0000Findings\u0000The finding of this study confirms a positive and significant relationship between audit quality and integrated reporting. It is also found that environmental auditing has a positive and significant effect on integrated reporting. Thus, this study found a positive and significant relationship between environmental auditing and audit quality.\u0000\u0000\u0000Practical implications\u0000The findings in this paper identify strategies for improving integrated reporting as a crucial element in the processing of financial and nonfinancial information, to help managers and investors and shareholders take a long-term perspective. Therefore, the results encourage companies to invest in economic, environmental and social aspects. This enables accounting professionals, stock exchange authorities and users of environmental and social information to be aware of the factors associated with environmental reporting, to improve the efficiency of those producing the audit service.\u0000\u0000\u0000Originality/value\u0000The originality of this study lies in its consideration of a particular aspect of auditing, namely, environmental auditing. However, despite the large body of research on auditing and integrated reporting, to the best of the author’s knowledge, this is the first study to examine the relationship between environmental auditing and integrated reporting. Furthermore, in this research, the author has emphasized the importance of the role played by environmental auditing on audit quality. This design has been neglected in previous studies. Finally, the choice of the field of investigation for the reliability of the data used and the generalization of the results obtained, enables us to make important contributions to the user of the information.\u0000","PeriodicalId":47867,"journal":{"name":"European Business Review","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2023-03-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45481228","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
A primer on integrated generalized structured component analysis 综合广义结构分量分析入门
IF 4.2
European Business Review Pub Date : 2023-03-16 DOI: 10.1108/ebr-11-2022-0224
Heungsun Hwang, M. Sarstedt, Gyeongcheol Cho, Hosung Choo, C. Ringle
{"title":"A primer on integrated generalized structured component analysis","authors":"Heungsun Hwang, M. Sarstedt, Gyeongcheol Cho, Hosung Choo, C. Ringle","doi":"10.1108/ebr-11-2022-0224","DOIUrl":"https://doi.org/10.1108/ebr-11-2022-0224","url":null,"abstract":"\u0000Purpose\u0000The purpose of this paper is to present integrated generalized structured component analysis (IGSCA) as a versatile approach for estimating models that contain both components and factors as statistical proxies for the constructs. The paper sets out to discuss the how-tos of using IGSCA by explaining how to specify, estimate, and evaluate different types of models. The paper’s overarching aim is to make business researchers aware of this promising structural equation modeling (SEM) method.\u0000\u0000\u0000Design/methodology/approach\u0000By merging works of literature from various fields of science, the paper provides an overview of the steps that are required to run IGSCA. Findings from conceptual, analytical and empirical articles are combined to derive concrete guidelines for IGSCA use. Finally, an empirical case study is used to illustrate the analysis steps with the GSCA Pro software.\u0000\u0000\u0000Findings\u0000Many of the principles and metrics known from partial least squares path modeling – the most prominent component-based SEM method – are also relevant in the context of IGSCA. However, there are differences in model specification, estimation and evaluation (e.g. assessment of overall model fit).\u0000\u0000\u0000Research limitations/implications\u0000Methodological developments associated with IGSCA are rapidly emerging. The metrics reported in this paper are useful for current applications, but researchers should follow the latest developments in the field.\u0000\u0000\u0000Originality/value\u0000To the best of the authors’ knowledge, this is the first paper to offer guidelines for IGSCA use and to illustrate the method's application by means of the GSCA Pro software. The recommendations and illustrations guide researchers who are seeking to conduct IGSCA studies in business research and practice.\u0000","PeriodicalId":47867,"journal":{"name":"European Business Review","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2023-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48587518","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: 4
Exploring the microfoundations of innovation: what they are, where they come from and where they are going? 探索创新的微观基础:它们是什么,它们从哪里来,它们将往哪里去?
IF 4.2
European Business Review Pub Date : 2023-03-15 DOI: 10.1108/ebr-04-2022-0064
C. Fernandes, M. Hughes, J. Ferreira, P. Veiga
{"title":"Exploring the microfoundations of innovation: what they are, where they come from and where they are going?","authors":"C. Fernandes, M. Hughes, J. Ferreira, P. Veiga","doi":"10.1108/ebr-04-2022-0064","DOIUrl":"https://doi.org/10.1108/ebr-04-2022-0064","url":null,"abstract":"\u0000Purpose\u0000Microfoundations have received increasing attention in several management disciplines. This study aims to outline the uniqueness of microfoundations research in innovation, look at where it comes from and where it is going and provide rich opportunities for future work.\u0000\u0000\u0000Design/methodology/approach\u0000To advance research in this area, this study conducted a systematic literature review combining mixed methods and creating a mapping framework to take stock of progress in the innovation microfoundations research field.\u0000\u0000\u0000Findings\u0000This study shows how distinct subfields have formed around key ideas expressed in subsets of seminal articles, shedding light on the relational nature of knowledge creation – uncovering these subfields’ characteristics, evolution and future trajectories.\u0000\u0000\u0000Originality/value\u0000This study develops a framework that reflects a critical analysis of the microfoundations of innovation within dos three research levels – individual, process and interaction and structure – and highlights the research gaps and potential research questions for future research that reflect the broad spectrum of approaches in the microfoundations of innovation literature.\u0000","PeriodicalId":47867,"journal":{"name":"European Business Review","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2023-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45171888","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 effect of the belief system on a temporary construction business consortium 信仰体系对临时建筑企业联合体的影响
IF 4.2
European Business Review Pub Date : 2023-03-07 DOI: 10.1108/ebr-04-2022-0067
Marcella Soares Piccoli, Carlos Alberto Diehl, Alan Junior do Nascimento
{"title":"The effect of the belief system on a temporary construction business consortium","authors":"Marcella Soares Piccoli, Carlos Alberto Diehl, Alan Junior do Nascimento","doi":"10.1108/ebr-04-2022-0067","DOIUrl":"https://doi.org/10.1108/ebr-04-2022-0067","url":null,"abstract":"\u0000Purpose\u0000Business consortiums for temporary projects have limited time and less attention from individual organisations concerning leadership alignment. Recognising the need to study relationships in alliances, this study aims to identify the fundamental organisational beliefs perceived by the leaders in a construction business consortium and relate them to the companies’ belief system as conceptualised by Simons.\u0000\u0000\u0000Design/methodology/approach\u0000The research adopts a positivist qualitative approach with semi-structured interviews, literature review and document analysis through a case study in a temporary business consortium formed by three large construction companies.\u0000\u0000\u0000Findings\u0000It was possible to verify alignment between the beliefs of the consortium and its leadership and infer that the flow of beliefs can be affected by the duration of the project. The research underlines the importance of the belief system within an organisation and how differences can cause internal conflicts, whilst alignment can improve competitiveness. The authors concluded that conflicts emerge due to a lack of alignment regarding the business’ core beliefs and the presence of different cultures and the duration of the project. Also, it was possible to create two different propositions for future studies regarding the project timeframe and improve competitiveness with the alignment of beliefs.\u0000\u0000\u0000Social implications\u0000Whilst there is academic literature that identifies challenges in successful project execution attributed to the misalignment of teams at a cultural level, organisations today still largely neglect the importance of team alignment. A better understanding of beliefs across organisations could have significant impact on social aspects resulting in improvements concerning projects timescales and quality of deliverables.\u0000\u0000\u0000Originality/value\u0000The main contribution is to explain how beliefs flow from individual parties to a temporary business consortium. This research addresses the lack of empirical studies relating to the alignment of temporary projects whilst providing recommendations to inform future research.\u0000","PeriodicalId":47867,"journal":{"name":"European Business Review","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2023-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44155656","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
“I will always hate you”! An investigation of the impact of anthropomorphism in online anti-brand communities “我永远恨你”!网络反品牌社区中拟人化的影响调查
IF 4.2
European Business Review Pub Date : 2023-03-07 DOI: 10.1108/ebr-09-2022-0194
Amélia Brandão, P. Popoli
{"title":"“I will always hate you”! An investigation of the impact of anthropomorphism in online anti-brand communities","authors":"Amélia Brandão, P. Popoli","doi":"10.1108/ebr-09-2022-0194","DOIUrl":"https://doi.org/10.1108/ebr-09-2022-0194","url":null,"abstract":"\u0000Purpose\u0000This paper aims to investigate whether brand anthropomorphism has a direct impact on brand hate and what are the prevailing factors that play a significant role in this relationship.\u0000\u0000\u0000Design/methodology/approach\u0000This study provides insights on brand anthropomorphism phenomenon and negative consumer–brand relationships in the context of social media-based anti-brand communities. Using a quantitative analysis of the data gathered from an online survey, this study analyzes brand anthropomorphism in the three main online anti-brand communities toward Apple.\u0000\u0000\u0000Findings\u0000Findings indicated that brand anthropomorphism in itself does not impact on brand hate directly. Nevertheless, when it is used by consumers to express their negative feelings toward the hatred brand, the consumers’ attribution of responsibility and intentionality to Apple brand’s behavior positively affects brand hate, and ideological incompatibility is a good moderator for brand hate.\u0000\u0000\u0000Research limitations/implications\u0000The results of this study are based on a limited number of survey respondents because anti-brand community members are very difficult to access, and thus, it was not easy to have their collaboration for this research.\u0000\u0000\u0000Practical implications\u0000This study highlights the power of social media as a tool for establishing negative consumer–brand relationships. Therefore, brand managers must recognize that consumer activists may be a serious threat to the company and deal with the consumers’ tendency to use anthropomorphism to express their hate.\u0000\u0000\u0000Originality/value\u0000To the best of the authors’ knowledge, this study is the first to investigate the link between brand anthropomorphism and brand hate, analyzed through a quantitative analysis.\u0000","PeriodicalId":47867,"journal":{"name":"European Business Review","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2023-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47327388","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: 1
What makes some people habitual entrepreneurs? Decomposing habitual entrepreneurship in the light of Lazear’s theory 是什么让一些人成为习惯性企业家?根据拉齐尔的理论分解习惯性企业家精神
IF 4.2
European Business Review Pub Date : 2023-03-03 DOI: 10.1108/ebr-08-2021-0189
A. Kurczewska, M. Mackiewicz
{"title":"What makes some people habitual entrepreneurs? Decomposing habitual entrepreneurship in the light of Lazear’s theory","authors":"A. Kurczewska, M. Mackiewicz","doi":"10.1108/ebr-08-2021-0189","DOIUrl":"https://doi.org/10.1108/ebr-08-2021-0189","url":null,"abstract":"\u0000Purpose\u0000In spite of the recognised significance of habitual entrepreneurship, enough is not known about the drivers that lead individuals to become habitual entrepreneurs. Drawing from Lazear’s theory of entrepreneurship, this paper addresses the specifics of habitual entrepreneurs in terms of different human capital-related factors, including breadth and diversity of experience and education. This paper aims to elucidate what makes some people habitual entrepreneurs.\u0000\u0000\u0000Design/methodology/approach\u0000In this empirical study on a broad data set (1,538 surveys), the authors juxtapose habitual entrepreneurs with ex-entrepreneurs who decided to give up and chose a salary job after running their first and only firm. The authors formulate four hypotheses that are tested by using a logit regression to model the probability of being a habitual entrepreneur vs giving up entrepreneurship and choosing a salary job.\u0000\u0000\u0000Findings\u0000The probability of being a habitual entrepreneur increases with the diversity of both managerial and professional experience, as well as with the breadth of education. In addition, entrepreneurial self-efficacy supports setting up more than one firm.\u0000\u0000\u0000Practical implications\u0000The findings actualise knowledge of whether habitual entrepreneurs are unique concerning their pools of human capital. They broaden the knowledge of the backgrounds of the decision to start up a business again.\u0000\u0000\u0000Originality/value\u0000This paper contributes to the current entrepreneurship discussion by offering an enhanced understanding of habitual entrepreneurship. The phenomenon of repeatedly engaging in entrepreneurship is a promising source of knowledge that enables us to better understand entrepreneurship. In addition, the authors verify and extend Lazear’s theory to a new group of entrepreneurs.\u0000","PeriodicalId":47867,"journal":{"name":"European Business Review","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2023-03-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44194036","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: 1
A relationship marketing perspective on delight, its antecedents and outcomes in a banking context 从关系营销的角度看快乐,它的前因和结果在银行环境中
IF 4.2
European Business Review Pub Date : 2023-02-20 DOI: 10.1108/ebr-09-2022-0170
Tendai Douglas Svotwa, Charles Makanyeza, M. Roberts-Lombard, O. Jaiyeoba
{"title":"A relationship marketing perspective on delight, its antecedents and outcomes in a banking context","authors":"Tendai Douglas Svotwa, Charles Makanyeza, M. Roberts-Lombard, O. Jaiyeoba","doi":"10.1108/ebr-09-2022-0170","DOIUrl":"https://doi.org/10.1108/ebr-09-2022-0170","url":null,"abstract":"\u0000Purpose\u0000This study aims to explore the influence of surprise and delight on the loyalty intentions of retail banking customers in an emerging market context. This study also considers the moderating effect of trust on these relationships.\u0000\u0000\u0000Design/methodology/approach\u0000Using convenience and purposive sampling methods, data collection was secured from 350 customers in the retail banking industry who are delighted with their banks.\u0000\u0000\u0000Findings\u0000This study found that for delightful experiences to occur, customers need to be surprised and see value in the product/service offered by the retail bank, coupled with the expertise of employees in delivering the service.\u0000\u0000\u0000Research limitations/implications\u0000The sample’s demographic profile was mostly skewed towards the younger generation (individuals 20–39 years of ages), meaning the results could be biased towards this group.\u0000\u0000\u0000Practical implications\u0000Retail banks need to create delightful experiences, as they are more memorable and leave a permanent mark in customers’ minds.\u0000\u0000\u0000Originality/value\u0000Limited studies have explored the relationship between delight, its antecedents and outcomes in a developing African market context, such as Botswana, hence the contribution of this study to literature.\u0000","PeriodicalId":47867,"journal":{"name":"European Business Review","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2023-02-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42410490","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: 1
Exploring the outcomes of servant leadership under the mediating role of relational energy and the moderating role of other-focused interest 在关系能量的中介作用和其他关注兴趣的调节作用下,仆人领导的结果探讨
IF 4.2
European Business Review Pub Date : 2023-02-17 DOI: 10.1108/ebr-10-2022-0218
O. Özkan, Burcu Üzüm, Serdar Çakan, M. Güzel, Yasemin Gülbahar
{"title":"Exploring the outcomes of servant leadership under the mediating role of relational energy and the moderating role of other-focused interest","authors":"O. Özkan, Burcu Üzüm, Serdar Çakan, M. Güzel, Yasemin Gülbahar","doi":"10.1108/ebr-10-2022-0218","DOIUrl":"https://doi.org/10.1108/ebr-10-2022-0218","url":null,"abstract":"\u0000Purpose\u0000This paper aims to explain the mediating role of relational energy and the moderating role of other-focused interest in the relationship between servant leadership and its outputs (namely, work effort, flourishing and organizational citizenship behavior), using the theory of resource conservation and social contagion.\u0000\u0000\u0000Design/methodology/approach\u0000The survey method was used in the study, and longitudinal data were collected to prevent the common method variance error and to reveal the causal relationships. Structural equation modeling was used to test the proposed hypotheses.\u0000\u0000\u0000Findings\u0000According to the results, it was observed that relational energy has a full mediator role in the relationship between servant leadership, work effort and flourishing, and relational energy has an integral part mediator role in the relationship between servant leadership and organizational citizenship behavior. In addition, it has been determined that other focus interest plays a moderating role in the relationship between servant leadership and relational energy.\u0000\u0000\u0000Practical implications\u0000The research offers important implications for servant leaders on how to improve individual and organizational outcomes.\u0000\u0000\u0000Originality/value\u0000The study contributes to the servant leadership literature by associating resource conservation theory with social contagion theory. The study differs from previous studies with two main features. First, the previous studies generally adopted a perspective of energy sender. This research, on the other hand, is based on the perception of energy receivers (followers of a servant leader). Second, a moderating role of other-focused interest is explored in the relationship between servant leadership and relational energy.\u0000","PeriodicalId":47867,"journal":{"name":"European Business Review","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2023-02-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49655712","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: 1
The role of corporate venture capitalists in supporting the growth of their backed start-ups 企业风险投资家在支持其支持的初创企业发展中的作用
IF 4.2
European Business Review Pub Date : 2023-02-09 DOI: 10.1108/ebr-09-2022-0183
Ramzi Benkraiem, Duarte Gonçalves, Fatima Shuwaikh
{"title":"The role of corporate venture capitalists in supporting the growth of their backed start-ups","authors":"Ramzi Benkraiem, Duarte Gonçalves, Fatima Shuwaikh","doi":"10.1108/ebr-09-2022-0183","DOIUrl":"https://doi.org/10.1108/ebr-09-2022-0183","url":null,"abstract":"\u0000Purpose\u0000Building on the venture capital (VC) literature, this paper aims to study the impact of the value added by corporate venture capitalists (CVCs) on their funded companies by comparing its IPO valuation with its independent venture capitalists (IVCs) peers.\u0000\u0000\u0000Design/methodology/approach\u0000This study uses a sample of 3,719 VC-backed ventures, between the years 1998 and 2020. The empirical analysis focuses on the propensity score matching approach, pairing ventures based on their probability of being funded by CVCs, and consequently, interpret the results derived from the valuation multiple ratios between the “nearest neighbors.”\u0000\u0000\u0000Findings\u0000This study finds that companies funded by CVCs can achieve higher valuations at their IPO compared to IVC-backed companies. Moreover, CVC-backed companies outperformance is mainly driven by startups which hold a technological fit with their CVC investor, with higher technological overlaps being translated into more significant valuations.\u0000\u0000\u0000Research limitations/implications\u0000This study presents systematic evidence to the subject concerning ventures’ type of investors and its effect on the startups’ IPO valuations.\u0000\u0000\u0000Practical implications\u0000This paper contributes to the enrichment of the industry’s literacy while also easing entrepreneurs’ decisions when choosing a funding partner. CVCs offer a variety of services and support that fits the specific needs of their funded companies.\u0000\u0000\u0000Originality/value\u0000To the best of the authors’ knowledge, this study is among the first to examine the role of CVCs as a tool to help venture growth.\u0000","PeriodicalId":47867,"journal":{"name":"European Business Review","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2023-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41436307","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
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