Subjects -> BUSINESS AND ECONOMICS (Total: 3570 journals)
    - ACCOUNTING (132 journals)
    - BANKING AND FINANCE (306 journals)
    - BUSINESS AND ECONOMICS (1248 journals)
    - CONSUMER EDUCATION AND PROTECTION (20 journals)
    - COOPERATIVES (4 journals)
    - ECONOMIC SCIENCES: GENERAL (212 journals)
    - ECONOMIC SYSTEMS, THEORIES AND HISTORY (235 journals)
    - FASHION AND CONSUMER TRENDS (20 journals)
    - HUMAN RESOURCES (103 journals)
    - INSURANCE (26 journals)
    - INTERNATIONAL COMMERCE (145 journals)
    - INTERNATIONAL DEVELOPMENT AND AID (103 journals)
    - INVESTMENTS (22 journals)
    - LABOR AND INDUSTRIAL RELATIONS (61 journals)
    - MACROECONOMICS (17 journals)
    - MANAGEMENT (595 journals)
    - MARKETING AND PURCHASING (116 journals)
    - MICROECONOMICS (23 journals)
    - PRODUCTION OF GOODS AND SERVICES (143 journals)
    - PUBLIC FINANCE, TAXATION (37 journals)
    - TRADE AND INDUSTRIAL DIRECTORIES (2 journals)

BUSINESS AND ECONOMICS (1248 journals)            First | 1 2 3 4 5 6 7 | Last

Showing 201 - 400 of 1566 Journals sorted alphabetically
Cuadernos de Economía     Open Access   (Followers: 1)
Cuadernos de Economia - Latin American Journal of Economics     Open Access   (Followers: 2)
Cuadernos de Estudios Empresariales     Open Access   (Followers: 1)
Cuadernos Latinoamericanos de Administración     Open Access  
Current Opinion in Creativity, Innovation and Entrepreneurship     Open Access   (Followers: 11)
Data Science in Finance and Economics     Open Access   (Followers: 2)
DBS Business Review     Open Access  
De Economist     Hybrid Journal   (Followers: 14)
Decision Analysis     Full-text available via subscription   (Followers: 8)
Decision Analytics Journal     Open Access  
Decision Sciences     Hybrid Journal   (Followers: 19)
Decision Support Systems     Hybrid Journal   (Followers: 13)
Defence and Peace Economics     Hybrid Journal   (Followers: 17)
der markt     Hybrid Journal   (Followers: 1)
Desenvolvimento em Questão     Open Access  
Development     Hybrid Journal   (Followers: 33)
Development and Change     Hybrid Journal   (Followers: 58)
Development and Learning in Organizations     Hybrid Journal   (Followers: 6)
Development Growth and Differentiation     Hybrid Journal   (Followers: 2)
Development in Practice     Hybrid Journal   (Followers: 27)
Development Policy Review     Hybrid Journal   (Followers: 55)
Development Southern Africa     Hybrid Journal   (Followers: 19)
Developmental Review     Hybrid Journal   (Followers: 10)
Developmental Science     Hybrid Journal   (Followers: 18)
DHARANA - Bhavan's International Journal of Business     Full-text available via subscription  
Digital Business     Open Access   (Followers: 1)
Dimensión Empresarial     Open Access  
Dinamika Administrasi Bisnis     Open Access  
Dirassat Journal Economic Issue     Open Access  
Distributed and Parallel Databases     Hybrid Journal   (Followers: 2)
E-Jurnal Ekonomi dan Bisnis Universitas Udayana     Open Access  
e-Jurnal Ekonomi Sumberdaya dan Lingkungan     Open Access  
E-Jurnal Manajemen Universitas Udayana     Open Access  
e-Jurnal Perdagangan Industri dan Moneter     Open Access  
e-Jurnal Perspektif Ekonomi dan Pembangunan Daerah     Open Access  
E3 : Revista de Economia, Empresas e Empreendedores na CPLP     Open Access   (Followers: 2)
Early Education and Development     Hybrid Journal   (Followers: 22)
Earth Perspectives - Transdisciplinarity Enabled     Open Access   (Followers: 1)
East Asian Community Review     Hybrid Journal  
Eastern Economic Journal     Hybrid Journal   (Followers: 8)
Eastern European Economics     Full-text available via subscription   (Followers: 10)
Ecoforum Journal     Open Access  
Ecological Economics     Hybrid Journal   (Followers: 111)
Ecological Indicators     Hybrid Journal   (Followers: 22)
Ecological Management & Restoration     Hybrid Journal   (Followers: 15)
Econometric Reviews     Hybrid Journal   (Followers: 15)
Econometrics Journal     Hybrid Journal   (Followers: 37)
Economía     Full-text available via subscription   (Followers: 14)
Economia e Diritto del Terziario     Full-text available via subscription  
Economia e Politica Industriale     Hybrid Journal   (Followers: 20)
Economia e Sociedade     Open Access  
Economia e società regionale     Full-text available via subscription   (Followers: 1)
Economia Pubblica     Full-text available via subscription   (Followers: 18)
Economía y Administración (E&A)     Open Access  
Economic Affairs     Hybrid Journal   (Followers: 8)
Economic Analysis and Policy     Hybrid Journal   (Followers: 8)
Economic and Business Review     Open Access   (Followers: 6)
Economic and Industrial Democracy     Hybrid Journal   (Followers: 12)
Economic and Regional Studies / Studia Ekonomiczne i Regionalne     Open Access  
Economic Bulletin     Hybrid Journal   (Followers: 6)
Economic Change and Restructuring     Hybrid Journal   (Followers: 1)
Economic Cybernetics. International scientific journal     Open Access   (Followers: 3)
Economic Development and Cultural Change     Full-text available via subscription   (Followers: 54)
Economic Development Quarterly     Hybrid Journal   (Followers: 17)
Economic Inquiry     Hybrid Journal   (Followers: 25)
Economic Journal     Hybrid Journal   (Followers: 137)
Economic Management Journal     Open Access   (Followers: 5)
Economic Modelling     Hybrid Journal   (Followers: 25)
Economic Notes     Hybrid Journal   (Followers: 14)
Economic Outlook     Hybrid Journal   (Followers: 7)
Economic Papers : a Journal of Applied Economics and Policy     Hybrid Journal   (Followers: 12)
Economic Policy     Hybrid Journal   (Followers: 51)
Economic Record     Hybrid Journal   (Followers: 7)
Economic Systems     Hybrid Journal   (Followers: 1)
Economic Systems Research     Hybrid Journal   (Followers: 2)
Economic Themes     Open Access   (Followers: 1)
Economica     Full-text available via subscription   (Followers: 40)
Economics & Politics     Hybrid Journal   (Followers: 16)
Economics and Business     Open Access   (Followers: 3)
Economics and Business Administration Journal Thaksin University     Open Access   (Followers: 1)
Economics and Business Letters     Open Access   (Followers: 1)
Economics and Business Review     Open Access   (Followers: 1)
Economics and Finance in Indonesia     Open Access  
Economics and Management     Open Access   (Followers: 2)
Economics and Philosophy     Hybrid Journal   (Followers: 19)
Economics Letters     Hybrid Journal   (Followers: 64)
Economics of Disasters and Climate Change     Hybrid Journal   (Followers: 13)
Economics of Transition and Institutional Change     Hybrid Journal   (Followers: 12)
Économie et Institutions     Open Access   (Followers: 1)
Économie et Solidarités     Open Access   (Followers: 2)
EconoQuantum     Open Access  
Ecosystems     Hybrid Journal   (Followers: 32)
Education, Business and Society : Contemporary Middle Eastern Issues     Hybrid Journal   (Followers: 1)
Educational Technology Research and Development     Partially Free   (Followers: 45)
Ekonomi Bisnis     Open Access  
Electronic Commerce Research and Applications     Hybrid Journal   (Followers: 5)
Electronic Journal of Business Research Methods     Open Access   (Followers: 5)
Electronic Journal of Information Systems Evaluation     Open Access   (Followers: 2)
Empirica     Hybrid Journal   (Followers: 7)
Empirical Economics     Hybrid Journal   (Followers: 16)
Employee Relations     Hybrid Journal   (Followers: 7)
Employee Responsibilities and Rights Journal     Hybrid Journal   (Followers: 7)
Employment Relations Today     Hybrid Journal   (Followers: 4)
Energy Conversion and Economics     Open Access  
Energy Economics     Hybrid Journal   (Followers: 42)
Energy Prices and Taxes     Full-text available via subscription   (Followers: 6)
Enfoque : Reflexão Contábil     Open Access  
Engineering Economics     Open Access   (Followers: 4)
Enlace Universitario     Open Access  
Entrepreneurial Business and Economics Review     Open Access   (Followers: 8)
Entrepreneurship & Regional Development: An International Journal     Hybrid Journal   (Followers: 26)
Entrepreneurship and Sustainability Issues     Open Access  
Entrepreneurship Education and Pedagogy (EE&P)     Full-text available via subscription   (Followers: 1)
Environment and Development Economics     Hybrid Journal   (Followers: 43)
Environment and Urbanization     Hybrid Journal   (Followers: 10)
Environment, Development and Sustainability     Hybrid Journal   (Followers: 39)
Environmental Economics and Policy Studies     Hybrid Journal   (Followers: 5)
Environmental Engineering Science     Hybrid Journal   (Followers: 9)
Environmental Forensics     Hybrid Journal  
Estudios de Administración     Open Access  
Estudios Demográficos y Urbanos     Open Access   (Followers: 5)
Estudios economicos.     Open Access  
Estudos Econômicos     Open Access  
Ethiopian Journal of Business and Economics     Full-text available via subscription   (Followers: 1)
Etikonomi : Jurnal Ekonomi     Open Access  
Eurasian Business Review     Full-text available via subscription  
Eurasian Economic Review     Full-text available via subscription   (Followers: 1)
Eurasian Geography and Economics     Hybrid Journal   (Followers: 2)
EUREKA : Social and Humanities     Open Access  
EURO Journal of Transportation and Logistics     Open Access   (Followers: 12)
EURO Journal on Decision Processes     Hybrid Journal   (Followers: 1)
Eurochoices     Hybrid Journal   (Followers: 1)
EuroEconomica     Open Access   (Followers: 1)
EuroMed Journal of Business     Hybrid Journal  
European Business Review     Hybrid Journal   (Followers: 8)
European Competition Journal     Full-text available via subscription   (Followers: 15)
European Cooperation     Open Access  
European Economic Review     Hybrid Journal   (Followers: 98)
European Journal of American Culture     Hybrid Journal  
European Journal of Business and Management     Open Access   (Followers: 20)
European Journal of Development Research     Hybrid Journal   (Followers: 17)
European Journal of Health Economics     Hybrid Journal   (Followers: 24)
European Journal of Industrial Relations     Hybrid Journal   (Followers: 34)
European Journal of Management and Business Economics     Open Access   (Followers: 1)
European Journal of Operational Research     Hybrid Journal   (Followers: 25)
European Research on Management and Business Economics     Open Access   (Followers: 1)
European Review     Hybrid Journal   (Followers: 19)
Eutopía - Revista de Desarrollo Económico Territorial     Open Access  
Evaluation Journal of Australasia     Hybrid Journal  
Evolution & Development     Hybrid Journal   (Followers: 10)
Executive Journal     Open Access  
Experimental Economics     Hybrid Journal   (Followers: 23)
Facilities     Hybrid Journal   (Followers: 4)
Facta Universitatis, Series : Economics and Organization     Open Access  
Federal Grants & Contracts     Hybrid Journal   (Followers: 1)
FEU Academic Review     Open Access  
FIIB Business Review     Hybrid Journal  
Finance and Stochastics     Hybrid Journal   (Followers: 19)
Finance Contrôle Stratégie     Open Access   (Followers: 1)
Finance Research Letters     Hybrid Journal   (Followers: 8)
Fiscal Studies     Hybrid Journal   (Followers: 17)
Fokus Bisnis : Media Pengkajian Manajemen dan Akuntansi     Open Access  
Folia Oeconomica Stetinensia     Open Access  
Forbes     Full-text available via subscription   (Followers: 22)
Forum Empresarial     Open Access  
Forum for Social Economics     Hybrid Journal   (Followers: 4)
Foundations and Trends® in Econometrics     Full-text available via subscription   (Followers: 6)
Foundations and Trends® in Entrepreneurship     Full-text available via subscription   (Followers: 8)
Foundations and Trends® in Finance     Full-text available via subscription   (Followers: 3)
Foundations and Trends® in Microeconomics     Full-text available via subscription   (Followers: 3)
Frontiers of Business Research in China     Open Access   (Followers: 1)
Futures     Hybrid Journal   (Followers: 15)
Futures & Foresight Science     Hybrid Journal   (Followers: 1)
Gadjah Mada International Journal of Business     Open Access  
Games     Open Access   (Followers: 4)
Games and Economic Behavior     Hybrid Journal   (Followers: 25)
Gaming Law Review and Economics     Hybrid Journal   (Followers: 3)
Ganesha Journal     Open Access  
Gender & Development     Hybrid Journal   (Followers: 71)
Gender, Work & Organization     Hybrid Journal   (Followers: 61)
German Economic Review     Hybrid Journal   (Followers: 8)
GESTÃO.Org - Revista Eletrônica de Gestão Organizacional     Open Access  
Gestión & Desarrollo     Open Access  
Global Advances in Business Communication     Open Access   (Followers: 5)
Global Business and Economics Review     Hybrid Journal   (Followers: 3)
Global Business and Organizational Excellence     Hybrid Journal   (Followers: 3)
Global Business Perspectives     Hybrid Journal   (Followers: 3)
Global Business Review     Hybrid Journal   (Followers: 6)
Global Economic Review     Hybrid Journal   (Followers: 8)
Global Finance Journal     Hybrid Journal   (Followers: 14)
Global Implementation Research and Applications     Hybrid Journal   (Followers: 2)
Global Journal of Economics and Business Studies     Open Access  
Global Journal of Flexible Systems Management     Hybrid Journal   (Followers: 1)
Global Strategy Journal     Hybrid Journal   (Followers: 7)
Gold Bulletin     Hybrid Journal  
Group Decision and Negotiation     Hybrid Journal   (Followers: 10)
Group Processes & Intergroup Relations     Hybrid Journal   (Followers: 8)
Growth and Change     Hybrid Journal   (Followers: 6)
GSI Journals Serie B : Advancements in Business and Economics     Open Access  
GVexecutivo     Open Access  

  First | 1 2 3 4 5 6 7 | Last

Similar Journals
Journal Cover
EuroMed Journal of Business
Journal Prestige (SJR): 0.26
Citation Impact (citeScore): 1
Number of Followers: 0  
 
Hybrid Journal Hybrid journal   * Containing 2 Open Access Open Access article(s) in this issue *
ISSN (Print) 1450-2194 - ISSN (Online) 1758-888X
Published by Emerald Homepage  [360 journals]
  • Cryptocurrency adoption: a systematic literature review and
           bibliometric analysis

    • Free pre-print version: Loading...

      Authors: Ana Sousa , Eva Calçada , Paula Rodrigues , Ana Pinto Borges
      Abstract: Cryptocurrencies put consumers at the heart of a potential revolution by shifting central authority to a distributed peer-to-peer monetary system. This study aims to perform a systematic literature review and bibliometric analysis within the topic of cryptocurrencies and consumer trust. The Web of Science database has been selected, and the analyses performed allowed us to identify five research trends obtained from the bibliographic coupling analysis: (1) Understanding consumer's (non)acceptance of cryptocurrencies, (2) Ethical aspects and trust in cryptocurrencies, (3) Blockchain technology as a trust-free technology, (4) The blockchain/trust economy, and (5) Blockchain technology: challenging trust. Findings uncover the intellectual structure in the field of cryptocurrencies and consumers' trust and offer insights on the pros and cons of consumers' willingness to trust the digital currency. The study proved a great gap in the current literature in linking cryptocurrencies and trust theories in a consumer context. The authors also outline several gaps that allowed us to propose future research guidelines.
      Citation: EuroMed Journal of Business
      PubDate: 2022-05-17
      DOI: 10.1108/EMJB-01-2022-0003
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • The efficiency of LiDAR HMLS scanning in monitoring forest structure
           parameters: implications for sustainable forest management

    • Free pre-print version: Loading...

      Authors: Serena Sofia , Federico Guglielmo Maetzke , Maria Crescimanno , Alessandro Coticchio , Donato Salvatore La Mela Veca , Antonino Galati
      Abstract: This article aims to compare the LiDAR handheld mobile laser scanner (HMLS) scans with traditional survey methods, as the tree gauge and the hypsometer, to study the efficiency of the new technology in relation to the accuracy of structural forest attributes estimation useful to support a sustainable forest management. A case study was carried out in a high forest located in Tuscany (Italy), by considering 5 forest types, in 20 different survey plots. A comparative analysis between two survey methods will be shown in order to verify the potential limits and the viability of the LiDAR HMLS in the forest field. This research demonstrates that LiDAR HMLS technology allows to obtain a large amount of valuable data on forest structural parameters in a short span of time with a high level of accuracy and with obvious impact in terms of organisational efficiency. Findings could be useful for forest owners highlighting the importance of investing in science and technology to improve the overall efficiency of forest resources management. This article adds to the current knowledge on the precision forestry topic by providing insight on the feasibility and effectiveness of using precision technologies for monitoring forest ecosystems and dynamics. In particular, this study fills the gap in the literature linked to the need to have practical examples of the use of innovative technologies in forestry.
      Citation: EuroMed Journal of Business
      PubDate: 2022-05-13
      DOI: 10.1108/EMJB-01-2022-0017
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • The effect of corruption on the level of real and accrual earnings
           management in cases of target firms

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      Authors: Apostolos Christopoulos , Ioannis Dokas , Christos Leontidis , Eleftherios Spyromitros
      Abstract: This paper attempts to investigate the effect of corruption on the real and accrual earnings management of target firms in the process of mergers and acquisitions. The sample includes target firms from the European area that participate in mergers or acquisitions announced during 2010–2020. The preliminary empirical part estimates the level of earnings management during the period two years before the deal's announcement to identify whether the sample follows the manipulation behavior that the literature suggests for target firms. The primary empirical analysis focuses on the impact of corruption on real and accrual-based earnings management proxies, employing regression models and two alternative proxies for corruption. The existing literature points out that the combination of low levels of corruption and an integrated legal system reduces earnings manipulation. The findings provide strong evidence for systematic downwards accounting manipulation practices, whereas the findings for real earnings management are not significant. The findings of the main empirical part show that corruption is positively associated with accrual-based manipulation and negatively related to real earnings management. In essence, in economies with a high level of transparency, managers adopt the manipulation of operating activities as a less detectable practice of earnings management instead of engaging in accounting procedures. This study contributes to the literature highlighting the diversification of these firms' manipulation strategies according to the national level's corruption status.
      Citation: EuroMed Journal of Business
      PubDate: 2022-05-13
      DOI: 10.1108/EMJB-03-2022-0055
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • An empirical study on data warehouse systems effectiveness: the case of
           Jordanian banks in the business intelligence era

    • Free pre-print version: Loading...

      Authors: Aws Al-Okaily , Manaf Al-Okaily , Ai Ping Teoh , Mutaz M. Al-Debei
      Abstract: Despite the increasing role of the data warehouse as a supportive decision-making tool in today's business world, academic research for measuring its effectiveness has been lacking. This paucity of academic interest stimulated us to evaluate data warehousing effectiveness in the organizational context of Jordanian banks. This paper develops a theoretical model specific to the data warehouse system domain that builds on the DeLone and McLean model. The model is empirically tested by means of structural equation modelling applying the partial least squares approach and using data collected in a survey questionnaire from 127 respondents at Jordanian banks. Empirical data analysis supported that data quality, system quality, user satisfaction, individual benefits and organizational benefits have made strong contributions to data warehousing effectiveness in our organizational data context. The results provide a better understanding of the data warehouse effectiveness and its importance in enabling the Jordanian banks to be competitive. This study is indeed one of the first empirical attempts to measure data warehouse system effectiveness and the first of its kind in an emerging country such as Jordan.
      Citation: EuroMed Journal of Business
      PubDate: 2022-05-12
      DOI: 10.1108/EMJB-01-2022-0011
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Talent development: a driver for strategic flexibility, innovativeness and
           financial performance

    • Free pre-print version: Loading...

      Authors: Dimitrios Kafetzopoulos
      Abstract: The purpose of this study is to build a theory presenting talent development as a driver for innovativeness and strategic flexibility, and how these organizational capabilities affect financial performance. As a methodological approach, this study uses a rich combination of literature review and exploratory interviews with managers and academicians. Moreover, a conceptual framework is tested by confirmatory factor analysis and finally structural equation modelling using the survey data from 462 Greek firms. The results show the positive effect of talent development on strategic flexibility and innovativeness. Moreover, strategic flexibility is an influential firm capability for innovativeness and financial performance. This study also reveals the significance of innovativeness on financial performance. This study explores talent development and two certain organizational capabilities, but many other topics that affect business performance remain unexplored. The role of environmental characteristics could also be examined as a moderator in the proposed relationships. This study offers clear implications for managers, proving that talent development is a major driving force behind strategic flexibility, innovativeness and financial performance in order for managers to allocate resources, and to develop and execute these capabilities as an integral part of business strategy. This empirical study contributes to the literature by developing a research conceptual framework of three underdeveloped firm capabilities, investigating and explaining both their correlations and dynamic nature and their role in financial performance improvement.
      Citation: EuroMed Journal of Business
      PubDate: 2022-05-03
      DOI: 10.1108/EMJB-02-2022-0042
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Provocative products, the boomerang effect, the shooting star crisis and
           the panacea of workforce diversity

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      Authors: Christina Nizamidou
      Abstract: The present article focuses on crises that arise from provocative advertisement images and products and introduces the shooting star crisis. Moreover, it aims to shed some light on the interconnection between the boomerang effect, crisis, crisis management and workforce diversity. By examining the cases of two leading organizations of the fashion industry that found themselves involved in crises and how they confronted them, it seeks to explore whether investments in workforce diversity is a solution for these problems. Sometimes provocative products and images that intend to spark customers' imagination can backfire and initiate a crisis. Based on the findings, organizations that admit their wrongdoing and react promptly to their stakeholders' demands tend to overcome a crisis relatively faster than organizations with passive behavior. By understanding the need for a proactive approach, fashion organizations can evade future crises and avoid creating products or images that can be perceived as racist and invoke public outrage. Additionally, the study revealed that workforce diversity initiatives can mitigate a crisis and its aftermath. Its novelty is that it deals with the interrelationship between boomerang effect, crisis, crisis management and workforce diversity. Moreover, it introduces a new type of crisis, the shooting star crisis, in order to capture new crises that emerge in modern era, as a result of the extensive power of modern social media.
      Citation: EuroMed Journal of Business
      PubDate: 2022-05-03
      DOI: 10.1108/EMJB-05-2021-0067
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Moderating impact of brand authenticity and control over ads on the
           effectiveness of Facebook advertising: a two-sample study

    • Free pre-print version: Loading...

      Authors: Usama Sarfraz , Sobia Bano
      Abstract: The aim of the present study is twofold. First is investigating the factors associated with the effectiveness of Facebook advertising and its resultant impact on behavioral and attitudinal loyalty. The second is testing the moderating impact of control over ads and brand authenticity. This study is conducted by adopting the cross-sectional data collection technique, two samples with 396 and 482 sample sizes were collected at different points in time. Partial least square-structural equation modeling (PLS-SEM) technique, using Smart PLS 3.0 software, was applied to analyze the data. The results show that the moderating effect of behavioral control on the relationship between advertising intrusive and attitude towards Facebook advertising was insignificant for both samples. Brand authenticity was significant in moderating the relationship between an individual's attitude towards Facebook advertising and behavior towards the brand for sample 1 and was insignificant for sample 2. Behaving towards brands resulted in attitudinal and behavioral loyalty intentions of individuals for both samples. This study contributes to the body of knowledge in four ways besides contextual contribution. First, it investigated the moderating influence of perceived behavioral control on the relationship between advertising intrusiveness and attitude towards Facebook advertising. Second, this study also studied the relationship between attitude towards Facebook advertising and behavior towards the brand, moderated by brand authenticity. Third, this study extended the Facebook advertising Framework to behavioral and attitudinal loyalty. Fourth, this study methodologically contributes by conducting a two-sample study to enhance the generalizability.
      Citation: EuroMed Journal of Business
      PubDate: 2022-04-28
      DOI: 10.1108/EMJB-12-2021-0196
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • COVID-19 full vaccination and blockchain size: empirical evidence from the
           cryptocurrency market

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      Authors: Shinta Amalina Hazrati Havidz , Tiffani Tiffani , Ingrid Claudia Calvilus , Zefanya Angelita
      Abstract: This paper aims to analyse COVID-19 indices and blockchain features on Bitcoin and Ethereum returns, respectively. The authors focus on the most used and owned cryptocurrencies that cover Europe, the US and Asian countries. An autoregressive distributed lag panel (pooled mean group and mean group) is utilized, and a robustness check is incorporated by using a Random Effect Model and Generalized Method of Moments (GMM). Four new findings were discovered, including (1) the vaccine confidence index (VCI) pushes economic recovery and increased demand for the Bitcoin market, but the opposite result was interestingly observed from Ethereum; (2) the blockchain features were revealed to be essential to Bitcoin, while they were irrelevant to Ethereum for short-run country-specific results; (3) the hash rate and network difficulty moved inversely during the pandemic; and (4) the government played a significant role in taking action during uncertain times and regarding cryptocurrency policies. VCI is constructed by the most used vaccine type in our sample countries (i.e. Pfizer), as the data for a specific classification by each type is still unavailable. Providing an evenly distributed vaccination program primary vaccination series against COVID-19 to the citizens is an essential duty of the government. Bitcoin policymakers and investors should watch the COVID-19 vaccine distributions closely as it will affect its return. Ethereum is emphasized to keep developing its smart contract which appeared to outplay other blockchain features. Cryptocurrency investors should be wise in their investment decisions by analysing the news thoroughly. This research emphasizes that the success in the roll-out of COVID-19 vaccination requires citizens' willingness to participate and their trust in the vaccine's efficacy. Such self-awareness and self-discipline in society can ultimately empower individuals and stabilise the economy. Nevertheless, the implementation of health protocols is still highly required to prevent the spread of new variants of COVID-19. This is the first study that attempts to construct a VCI which denotes the confidence derived from the administration of full-dose COVID-19 vaccines (an initial vaccine and a second vaccine). The authors further find the impact on cryptocurrency returns. Next, blockchain size is utilized as a new determinant of cryptocurrencies.
      Citation: EuroMed Journal of Business
      PubDate: 2022-04-28
      DOI: 10.1108/EMJB-12-2021-0200
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Internet of things and consumer engagement on retail: state-of-the-art and
           future directions

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      Authors: Samson Ajayi , Sandra Maria Correia Loureiro , Daniela Langaro
      Abstract: The growing complexity of consumer engagement (CE) due to the impact of Internet of things (IoT) has been attracting significant attention from both academics and industry practitioners especially in recent times. Hence, understanding this phenomenon remains very crucial to the body of knowledge. This study conducted a systematic review on IoT and CE with the aim of proposing future research opportunities using the TCCM model. Extant literature studies were systematically examined by sourcing high ranking ABS journals from EBSCO, ScienceDirect and Emerald. A total of 58 articles were included in the final analysis of this research. The analysis established the need to conduct more research on CE due to the impact of new technological implementation in retail. The results further suggest the need for extensive research across African countries and emerging markets to enable broader empirical generalizations of research outcomes. Using the TCCM framework, the authors indicated directions for future empirical research. This study exposes the current trends in CE and IoT. The results and analysis are both compelling and verifiable, hence, establishing a firm base of reference for future research in related fields.
      Citation: EuroMed Journal of Business
      PubDate: 2022-04-14
      DOI: 10.1108/EMJB-10-2021-0164
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • The impact of COVID-19 on the portfolio optimization

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      Authors: Yousra Trichilli , Mouna Boujelbène Abbes
      Abstract: This article unveils first the lead–lag structure between the confirmed cases of COVID-19 and financial markets, including the stock (DJI), cryptocurrency (Bitcoin) and commodities (crude oil, gold, copper and brent oil) compared to the financial stress index. Second, this paper assesses the role of Bitcoin as a hedge or diversifier by determining the efficient frontier with and without including Bitcoin before and during the COVID-19 pandemic. The authors examine the lead–lag relationship between COVID-19 and financial market returns compared to the financial stress index and between all markets returns using the thermal optimal path model. Moreover, the authors estimate the efficient frontier of the portfolio with and without Bitcoin using the Bayesian approach. Employing thermal optimal path model, the authors find that COVID-19 confirmed cases are leading returns prices of DJI, Bitcoin and crude oil, gold, copper and brent oil. Moreover, the authors find a strong lead–lag relationship between all financial market returns. By relying on the Bayesian approach, findings show when Bitcoin was included in the portfolio optimization before or during COVID-19 period; the Bayesian efficient frontier shifts to the left giving the investor a better risk return trade-off. Consequently, Bitcoin serves as a safe haven asset for the two sub-periods: pre-COVID-19 period and COVID-19 period. Based on the above research conclusions, investors can use the number of COVID-19 confirmed cases to predict financial market dynamics. Similarly, the work is helpful for decision-makers who search for portfolio diversification opportunities, especially during health crisis. In addition, the results support the fact that Bitcoin is a safe haven asset that should be combined with commodities and stocks for better performance in portfolio optimization and hedging before and during COVID-19 periods. This research thus adds value to the existing literature along four directions. First, the novelty of this study lies in the analysis of several financial markets (stock, cryptocurrencies and commodities)’ response to different pandemics and epidemics events, financial crises and natural disasters (Correia et al., 2020; Ma et al., 2020). Second, to the best of the authors' knowledge, this is the first study that examine the lead–lag relationship between COVID-19 and financial markets compared to financial stress index by employing the Thermal Optimal Path method. Third, it is a first endeavor to analyze the lead–lag interplay between the financial markets within a thermal optimal path method that can provide useful insights for the spillover effect studies in all countries and regions around the world. To check the robustness of our findings, the authors have employed financial stress index compared to COVID-19 confirmed cases. Fourth, this study tests whether Bitcoin is a hedge or diversifier given this current pandemic situation using the Bayesian approach.
      Citation: EuroMed Journal of Business
      PubDate: 2022-04-12
      DOI: 10.1108/EMJB-11-2021-0179
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • The impact of acculturation process and the institutional isomorphism on
           IFRS adoption

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      Authors: Rahma Ben Salem , Salma Damak Ayadi
      Abstract: This study aims to explain why some countries have quickly embraced IFRS standards while others have partially adopted IFRS and others have been resisting using a model borrowed from social psychology that appeals to cultural differences. After selecting a sample of 30 countries, the data were analyzed through hierarchical cluster analysis. The results indicate that the sampled countries are classified into seven categories according to the degree of application of international standards. The ordinal regression is used to identify cultural and institutional factors that influence the adoption of IFRS. The findings show that interpersonal communication promotes the application of international standards while open-mindedness, ethnocentrism and knowledge of the host culture prevent the transition to a strategy of adoption. The authors have also found out an empirical support for the two institutional isomorphic pressures (coercive and mimetic) on the adoption of IFRS at the national level. While the opening to the international economy encourages countries to set a strategy of adoption, civil liberties and political rights, taxation and innovation impede such adoption. The study contributes to a better understanding of the factors influencing the implementation of IFRS. It provides to institutional theorists, accounting scholars and policymakers a cultural and institutional model for effective IFRS adoption conditions: promote intercultural interactions; master IFRS does not automatically mean applying them; encourage openness to the global economy; review the taxation system and accounting education programs and especially; and allow some flexibility for standard setters. This study can also assist regulators to verify their policies for the enforcement of IFRS. This paper will also be useful for future research studying the links between human behavior and the choice of new accounting standards through acculturation theory. Through the acculturation theory, five new cultural dimensions developed by Ben Salem et al. (2019) are used for the first time to define the choice of accounting systems developed to international standards. This study empirically verified the predictive validity of these dimensions on the adoption of IFRS. Previous research have been based on the relationship between culture and disclosure using mainly the Hofstede dimensions. There is, therefore, a shortage of studies analyzing the culture and adoption of IFRS in individual countries. This study provides a cultural and institutional model of IFRS implementation conditions. Similarly, the research included taxation, which is not addressed by previous research, and their relevance in explaining the recourse to IFRS standards is confirmed.
      Citation: EuroMed Journal of Business
      PubDate: 2022-04-01
      DOI: 10.1108/EMJB-04-2021-0058
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Leverage-value nexus in Italian small-medium enterprises:
           further evidence using dose-response function

         This is an Open Access Article Open Access Article

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      Authors: Murad Harasheh , Francesca De Vincenzo
      Abstract: The study introduces a new approach to leverage-value relationship. Besides applying the classical regression models, the study deals with leverage as a continuous treatment variable implemented on the firm’s value using the dose-response function (DFR). After proper model calibration and splitting the treatment (leverage) into ten doses, a response function is generated, which enables the realization of the dose level at which the firm’s value is maximized. Furthermore, the study tests the pecking order theory (POT) and the trade-off theory (TOT) using the threshold model to see whether firms are under or over-indebted. The analysis is carried out on panel data from small-medium enterprises (SMEs), providing more valuable insights than large and mature companies. The study used two leverage measures: total liabilities ratio and bank debt ratio. Value is measured by the market capitalization and Tobin’s Q. In general, the study finds a positive relationship between leverage and value; POT is not strongly supported, firms are below their optimal leverage and there is a certain leverage dose that would maximize firms’ value. Since the threshold model and DRF show that SMEs are under-indebted, firms could benefit from extra leverage doses without affecting the firm’s risk profile, especially in a low-interest rate regime, and the potential increase in public-private expenditure after Italy obtained the European Recovery Funds. The study contributes to new knowledge and understanding of financial leverage from new methodological perspectives, offering valuable insights from SMEs using novel approaches.
      Citation: EuroMed Journal of Business
      PubDate: 2022-03-28
      DOI: 10.1108/EMJB-11-2021-0166
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Stakeholder engagement and SDGs: the role of social media in the
           European context

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      Authors: Asad Mehmood , Johana Hajdini , Lea Iaia , Francesco De Luca , Georgia Sakka
      Abstract: The authors aim to investigate which social media posts' characteristics result in higher stakeholder engagement in the European context. The authors apply chi-square automatic interaction detection (CHAID) method to categorize social media posts based on their engagement levels. The authors conduct analysis on the tweets published in 2019 by companies that draw up and publish a sustainability report on Global Reporting (www.globalreporting.org). The final sample is based on 3,045 tweets from 173 firms of different industries and countries. The authors find that tweet characteristics, such as content type, industry type and country of a firm, significantly influence stakeholder engagement rate. The findings are useful for practitioners and stakeholders. Firm management should consider the most important Sustainable Development Goals (SDGs) concerning their business activities for engaging stakeholders and contributing to sustainable development. The authors consider stakeholder theory and contribute to stakeholder engagement and sustainability debate. For this purpose, the authors focus on firms' communication of SDGs through social media. To the best of the authors’ knowledge, this is the first study which considers the SDGs’ communication to determine the most significant SDGs resulting in higher stakeholder engagement.
      Citation: EuroMed Journal of Business
      PubDate: 2022-03-25
      DOI: 10.1108/EMJB-11-2021-0173
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Factors influence user’s intention to continue use of e-banking during
           COVID-19 pandemic: the nexus between self-determination and expectation
           confirmation model

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      Authors: Samar Rahi , Mahmoud Alghizzawi , Abdul Hafaz Ngah
      Abstract: Internet banking services are proven to be much advantageous and convenient during COVID-19 pandemic. However, vibrant networking designs and dynamic changes in software development have made these services bit complex. Thus, the current study seeks to investigate Internet banking user continuance intention with factors underpinning self-determination theory (SDT) and expectation confirmation model (ECM) theory. The moderating role of image is studied between user intention to continue use of Internet banking and intention to recommend Internet banking service in social networks during COVID-19 pandemic. The quantitative research approach is applied and data collected through a research survey. For inferential analysis, 360 responses were collected from active Internet banking users. The integrated information system model was empirically tested using structural equation modeling (SEM) approach. Findings indicate that integrated IS research model has substantial explanatory power, i.e. 57.8% to predict continuance intention of Internet banking users. Within integrated research model, intrinsic regulation was found the most influential factor in order to determine Internet banking user continuance intention. Beside two theories integration, this study confirmed that the relationship between user continuance intention and intention to recommend Internet banking is moderated by image. The fundamental contribution of this study is the integration of technological and motivational factors in Internet banking user continuance intention context. Theoretically, integration of both theories ECM and SDT in technology continuance intention context will enrich the emerging e-commerce literature. Concerning with managerial implications, intrinsic regulation was identified as an important factor among other factors. Therefore, managers and software developers need to understand user’s intrinsic motivational factors in order to boost continuance intention of Internet banking users. It is also suggested that managers and marketing personnel should pay special attention to create a positive image of Internet banking services among Internet banking users. Within information system literature the concept of user continuance intention has yet to be examined especially in Internet banking context. Thus, current research fills research gap and proposes an integrated technology motivational framework that combines motivational factors and technology factors altogether to investigate Internet banking user continuance behavior.
      Citation: EuroMed Journal of Business
      PubDate: 2022-03-25
      DOI: 10.1108/EMJB-12-2021-0194
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • An innovative big data framework for exploring the impact
           on decision-making in the European Mediterranean healthcare sector

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      Authors: Mahmoud El Samad , Sam El Nemar , Georgia Sakka , Hani El-Chaarani
      Abstract: The purpose of this paper is to propose a new conceptual framework for big data analytics (BDA) in the healthcare sector for the European Mediterranean region. The objective of this new conceptual framework is to improve the health conditions in a dynamic region characterized by the appearance of new diseases. This study presents a new conceptual framework that could be employed in the European Mediterranean healthcare sector. Practically, this study can enhance medical services, taking smart decisions based on accurate data for healthcare and, finally, reducing the medical treatment costs, thanks to data quality control. This research proposes a new conceptual framework for BDA in the healthcare sector that could be integrated in the European Mediterranean region. This framework introduces the big data quality (BDQ) module to filter and clean data that are provided from different European data sources. The BDQ module acts in a loop mode where bad data are redirected to their data source (e.g. European Centre for Disease Prevention and Control, university hospitals) to be corrected to improve the overall data quality in the proposed framework. Finally, clean data are directed to the BDA to take quick efficient decisions involving all the concerned stakeholders. This study proposes a new conceptual framework for executives in the healthcare sector to improve the decision-making process, decrease operational costs, enhance management performance and save human lives. This study focused on big data management and BDQ in the European Mediterranean healthcare sector as a broadly considered fundamental condition for the quality of medical services and conditions.
      Citation: EuroMed Journal of Business
      PubDate: 2022-03-24
      DOI: 10.1108/EMJB-11-2021-0168
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • The role of reaction to feedback in the relationship between performance
           management, job satisfaction and the leader–member exchange (LMX)

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      Authors: Francisco Cesário , Antero Rodrigues , Filipa Castanheira , Ana Sabino
      Abstract: Due to the importance of performance management in any organizational structure, the present study aims to analyze the mediating role of an employee's reaction to the employee's supervisor' feedback on the impact of the performance management system on job satisfaction and supervisor–employee relationship. A quantitative study was conducted, with data collected by questionnaire, where 1815 workers from a customer service company in Portugal participated and with the data analyzed using structural equation model. Three effects were observed in this study: first, the importance of performance management on the reaction to feedback and on the supervisor–employee relationship; second, reaction to feedback fully mediated the effect of performance management on job satisfaction and third, reaction to feedback partially mediated the effect of the performance management on the supervisor–employee relationship. Despite the growing interest in research on performance management, this study suggests that there are still some areas in need of additional research attention, namely on the important role that adequate feedback to the employee on his/her performance can have. Implications for research on performance management are developed.
      Citation: EuroMed Journal of Business
      PubDate: 2022-03-14
      DOI: 10.1108/EMJB-04-2021-0054
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • The impact of balanced scorecard in estimating the performance of banks in
           Palestine

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      Authors: Raed Abueid , Shafique Ur Rehman , Nhat Tan Nguyen
      Abstract: This study aims to see the influence of a balanced scorecard (BSC) to determine the performance of banks in Palestine. Among the institutions that influence the economy of any country is the banking sector. Despite the influence of this sector on the economic policies and implementation in Palestine, there appears to be the difficulty of the appropriate approach to measuring its performance. Various techniques have failed to be efficient and effective. It creates an impulse to investigate the impact of a BSC in estimating the performance of banks in Palestine. This study adopted a descriptive design of the ex-post facto type with a sample of 126 senior bank staff randomly selected from fourteen Palestinian banks. In total, 3 hypotheses were raised and tested using Pearson's product-moment correlation analysis and multiple linear regression analysis at 0.05 level of significance. The result showed that bank performance positively correlated with internal business process perspective (r = 0.633, p 
      Citation: EuroMed Journal of Business
      PubDate: 2022-03-01
      DOI: 10.1108/EMJB-03-2021-0047
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Assessment of joint audit mission quality in Tunisia

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      Authors: Lassaad Abdelmoula
      Abstract: Using a sample of 250 Tunisian companies, this paper aims to assess the joint audit mission quality in Tunisia. The present work aimed at investigating the determining factors of the joint audit quality. A total of nine essential determining factors were predictably identified: length of service, experience, size asymmetry between the joint auditors, complexity, governance, expertise, information and communications technology use, profitability and staff qualification. However, results show that specialization, satisfaction, the supply of services other than audit, work distribution, leverage as well as size have a positive but non-significant correlation with the joint audit quality, which may be due to the Tunisian context. Many previous works have been conducted on joint audit in France (Haak et al., 2018), Denmark (Lesage et al., 2017), Germany (Velte and Azibi, 2015), Sweden (Zerni et al., 2012) and Italy (Bianchi et al., 2019). However, to the authors’ knowledge, the Tunisian context is still under-studied and, thus, the objective was to fill this gap in the literature b.y examining the determinants of the quality of joint audit in Tunisia.
      Citation: EuroMed Journal of Business
      PubDate: 2022-02-25
      DOI: 10.1108/EMJB-08-2021-0113
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Intellectual capital and innovation performance: the moderating role of
           big data analytics: evidence from the banking sector in Jordan

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      Authors: Ayman Wael AL-Khatib
      Abstract: The purpose of this study is to identify the impact of intellectual capital on the innovation performance of the Jordanian banking sector and identify the moderating role of big data analytics. For this study's purposes, 333 questionnaires were analysed. Convergent validity, discriminant validity and reliability tests were performed through structural equation modelling (SEM) in the Smart-PLS program. A bootstrapping technique was used to analyse the data. Empirical results showed that each of the components of intellectual capital and big data analytics explains 63.5% of the variance in innovation performance and that all components of intellectual capital have a statistically significant impact on innovation performance. The results also revealed that the relationship between structural capital and innovation performance is moderated through big data analytics. This cross-sectional study provides a snapshot at a given moment in time, a methodological limitation that affects the generalisation of its results, and the results are limited to one country. This study promotes the idea of focusing on components of intellectual capital to enhance innovation performance in the Jordanian banking sector and knowing the effect of big data analytics in this relationship. This study makes recommendations for financial policymakers to improve the effectiveness of intellectual capital practices and innovation performance in the context of big data analytics. This study has important implications for leaders in the Jordanian banking sector, in general, as the study highlights the importance of intellectual capital to enhance the innovation performance, especially in light of the big data analytics in this sector, and thus increase the innovative capabilities of this banks, which leads to an increase in the level of innovation.
      Citation: EuroMed Journal of Business
      PubDate: 2022-02-22
      DOI: 10.1108/EMJB-10-2021-0154
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Big data analytics in strategic sales performance: mediating role of CRM
           capability and moderating role of leadership support

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      Authors: Sheshadri Chatterjee , Ranjan Chaudhuri , Demetris Vrontis
      Abstract: This study investigates how the combined effects of big data ability and CRM capability could impact on an organization's strategic sales performance (SSP), and how the leadership support (LS) could moderate the relationships between SSP with CRM capability and customer retention ability. Having inputs from the literature and resource-based view (RBV) theory, a model has been developed conceptually. The conceptual model was validated statistically using the partial least squares structural equation modeling (SEM) technique with 317 responses. The study found that organizations' big data analytics (BDA) capability, along with customer relationship management (CRM) capability, positively and significantly impacts organizations' SSP. Also, the study found that LS has a moderating impact on organizations' SSP. The study cannot be generalizable, as it is cross-sectional in nature. Also, the sample size for statistically validating the model is 317, which is not large enough to generalize the study findings. The study has used only five constructs and one moderator. With more constructs and other moderators, the boundary conditions of the model could have been increased, which could result a better explanative power of the model. This study shows that organizations' big data and CRM capabilities are important for their SSP; therefore, managers must ensure that their organization has appropriate big data and CRM capabilities. Also, the study shows the significance of LS to increase the SSP of their organizations. Thus, organizational leadership must support big data and CRM-related capabilities and ensure employees are appropriately trained to successfully use these capabilities. Only a limited number of studies are available on the combined impact of big data capability and CRM capability on an organization's strategic sales. How BDA could help organizations to improve their SSP has not been explicitly studied. The proposed model shows that these capabilities, along with the moderating effects of LS, impact on organizations' SSP. Thus, the proposed theoretical model is a unique model, and the study is novel.
      Citation: EuroMed Journal of Business
      PubDate: 2022-02-15
      DOI: 10.1108/EMJB-07-2021-0105
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Do political connections shape the nexus between board attributes and
           corporate cash holdings'

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      Authors: Sara T.F. Abuhijleh , Mohammad A.A. Zaid
      Abstract: Motivated by the agency theory, this paper primarily intends to empirically investigate the impact of board attributes on corporate cash holdings and how the mentioned nexus is moderated by the level of corporate political connections in a developing country, namely, Palestine during the period of 2011–2018. Multiple regression analysis on a panel data was employed. Moreover, the authors applied three different approaches of static panel data “pooled OLS, fixed effect and random effect”. Fixed-effects estimator was selected as the optimal and most appropriate model. In addition, to control for the potential endogeneity problem and to profoundly analyze the study data, the authors perform the one-step system generalized method of moment estimator. The results of this study provide support for the agency theory ideology, which considers that sturdy and well-established corporate governance (CG) paradigms minify the magnitude of cash held by companies. Furthermore, the findings distinctly unveil that the impact of board attributes is more positive under a high level of political connections. This study was solely restricted to one institutional context “Palestine”; therefore, the results reflect the attributes of the Palestinian business environment. In this vein, it is possible to generate different findings in other countries, particularly in developed markets. The findings of this study can draw responsible parties, top management and policymakers' attention in developing countries to introduce and contextualize new mechanisms that can lead to better managing of corporate cash holdings. Empirical evidence on the moderating role of political connection on the effect of board attributes on corporate cash holdings something that was predominantly neglected by the earlier research and has not yet examined by ancestors. Hence, to protrude nuanced understanding of this novel idea, this study minutely bridges this research gap and contributes practically and theoretically to the existing CG–cash holdings literature.
      Citation: EuroMed Journal of Business
      PubDate: 2022-02-11
      DOI: 10.1108/EMJB-09-2021-0136
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • The interplay of perceived risk, perceive benefit and generation cohort in
           digital finance adoption

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      Authors: Niyati Jain , T.V. Raman
      Abstract: Financial service providers are facing challenges in the acceptance of digital financial services. The study, therefore, intends to identify factors contributing towards the adoption of digital finance. It has worked on the influencers and demotivators of digital finance adoption by individuals. These influencers are labelled as perceived benefits and demotivators as perceived risks. In addition to perceived benefit and risk, the study has also included the difference in perception on the basis of generation cohort. The data have been collected through a structured questionnaire from 411 respondents. Partial least squares structured equation modelling (PLS-SEM) has been used to analyse the proposed model on SmartPLS. The findings suggested that the benefits were more influential in adoption behaviour than perceived risk. In addition to perceived benefit and risk, the study has also included the difference in perception on the basis of generation cohort. The results summarised that benefits had a more significant impact in Generation Z (Gen Z) than in Millennials. The evaluation and categorisation of perceived risk and benefits into meaningful dimensions generate value to the adoption behaviour of digital finance. Thus, the findings are useful for the policymakers and researchers to contemplate the perception of individuals in digital finance based on the generation cohort. The empirical findings of the present research contribute to limited evidence of a relationship between perceived risk, perceived benefit and digital finance adoption on the basis of generation cohort.
      Citation: EuroMed Journal of Business
      PubDate: 2022-02-10
      DOI: 10.1108/EMJB-09-2021-0132
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Designing rule-based conversational agents with behavioral programming: a
           study of human subjects

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      Authors: Ariel Rosenfeld , Nitzan Haimovich
      Abstract: In this work, the authors propose to harness the advantages of behavioral programming as a new technique for designing rule-based conversational agents. To examine the study’s hypotheses, the authors perform a first-of-its-kind user study through which the authors examine how potential designers, both expert designers, computationally-oriented designers, and otherwise, leverage behavioral programming (BP) and dialog graphs for designing conversational agents (CAs). The authors also use two standard CA settings common in the literature: designing a CA representative for a user in an online dating service and a non-character player in a role-playing game (RPG). The study’s results indicate that BP can be successfully utilized by computationally-oriented designers, with or without prior knowledge in CA design, and can facilitate the design of better CAs (i.e. more accurate and more robust). However, to capitalize on these potential advantages, designers may be required to devote more time to the design process and are likely to encounter higher temporal demand levels. These results suggest that BP, which was initially proposed and evaluated in the general context of software design, can constitute a valuable alternative to the classic rule-based CA design technique commonly practiced today. An important limitation of this study is the relatively small participant pool. While the authors do plan to extend this study in the future, the current coronavirus disease 2019 (COVID-19) situation makes it ever more complex to conduct formal user studies of this kind. It is, however, important to note that despite the low number of participants, many of the results are found to be statistically significant. The authors plan to continue this line of work and conduct human studies for additional design techniques in other popular agent-based settings. Specifically, the authors seek to explore how people of different backgrounds should design agents for various tasks such as automated negotiation (e.g. how should a person design a representative agent to negotiate on her behalf') and social choice (e.g. how should a person design a voting bot to represent her in online voting systems'). People are increasingly interacting with conversational agents in various settings and for a variety of reasons, as the market size of those agents keeps on growing every year. Through a first-of-its-kind human study (N = 41), consisting of both expert designers, computationally-oriented designers, and otherwise, the authors demonstrate a few key advantages and limitations of BP in the realm of conversational agents and propose its consideration as an alternative to the classic dialog graph technique.
      Citation: EuroMed Journal of Business
      PubDate: 2022-02-01
      DOI: 10.1108/EMJB-09-2021-0144
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Impact of nutrition service attributes on patient satisfaction: evidence
           from an outpatient clinic at a Lebanese-Middle Eastern hospital

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      Authors: Mireille Serhan , Batoul Toutounji , Carole Serhan
      Abstract: The purpose of this paper is to explore the existing literature on the relationship between different service attributes and patient satisfaction at outpatient nutrition clinics to propose and test a culture-specific conceptual model interlinking the drivers of patient satisfaction. Over a 7-week period in Fall 2019 (November 2–December 19), 600 patients from a Lebanese-Middle Eastern hospital (396 females and 204 males) completed an anonymous-designed survey with closed questions (n = 30). Statements were considered to represent specific attributes of nutrition services. In order to measure the existence and degree of significant relationships between different research variables, Pearson correlation coefficients and Fisher's Z test were employed to analyze the collected data, before and while joining the clinic, during and after the appointment. Means of scores and frequencies were calculated. The results show that the nutrition service attributes with reference to “after the appointment” may improve the patients' satisfaction level more than attributes with reference to “while joining the clinic” and “during the appointment”. Most patients were satisfied with their overall outpatient clinic experience. The patient experience is a direct result of positive interactions with the entire services offered. The conceptual model sets the foundations for testing and for further research to develop. Moreover, the findings of this study are important for assessing the quality of nutrition service attributes and for reporting on the ability of this service to meet the needs and preferences of patients in the health care sector. This study attempts to fill the gap in knowledge on nutrition service quality as indicators for overall patient satisfaction, while opening clear research avenues for further studies to follow. It is the basis for the development of clinical practice guidelines and other quality enhancement tools.
      Citation: EuroMed Journal of Business
      PubDate: 2022-01-21
      DOI: 10.1108/EMJB-06-2021-0089
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • The role of leadership–member exchange relationships in the
           implementation of the International Public Sector Accounting Standards by
           Greek public hospitals

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      Authors: Konstantia Dalla , Petros Lois , Georgios Makrygiannakis
      Abstract: This paper aims to examine the quality of relations within upper-level management in Greek public hospitals (GPHs), as well as to specify the extent to which these facilitate or hinder the forthcoming International Public Sector Accounting Standards (IPSAS) adoption and implementation. A survey was conducted on a sample of 143 upper-management professionals drawn from across the 125 GPHs. A multivariate structural equation model (SEM) is used to investigate the degree of interdependence of the level of convenience of implementation under the view of the leader-member exchange (LMX) scale. The findings suggest that the established leader-member relations in the GPHs facilitate reforms. However, these relationships are of little benefit to IPSAS adoption and implementation mainly due to the low degrees of competence and commitment to IPSAS. The passive adoption of IPSAS is the most likely outcome. The study recontextualizes the LMX model to public sector research. The findings have value to hospital leadership and to policymakers, as well as to researchers studying the difficulties of IPSAS adoption and implementation.
      Citation: EuroMed Journal of Business
      PubDate: 2022-01-18
      DOI: 10.1108/EMJB-04-2021-0064
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Investigation to determine elements influencing customer's satisfaction in
           the B2C electronic retailing marketplaces

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      Authors: Fatemeh Ehsani , Monireh Hosseini
      Abstract: Taking the perfect perspective of customers' satisfaction, this paper aims to investigate the elements affecting customer satisfaction in business-to-consumer (B2C) online retailing stores, which are divided into five non-monetary dimensions: trust, order fulfillment, website construction, excitement and interaction. Due to distinguishing the suitability of the data, the authors used exploratory factor analysis (EFA). Next, the authors utilized confirmatory factor analysis (CFA) to check their validity. Then, the authors applied Cronbach's alpha to check the reliability of the elements. After that, the authors combined these five elements with structural equation modeling (SEM) to make a model. The authors also performed Friedman tests to prioritize the elements. The results indicate that each element is undeniably significant and has an extraordinary impact on customers' satisfaction evaluation. Therefore, system providers and electronic retailers need to consider them on their websites to achieve marketing goals in the competitive online environments. Electronic commerce has resulted in an essential change in B2C marketing, especially in the electronic retailing industry. Online suppliers need to satisfy their customers to receive competitive advantages and increase their income. The purpose of this study is to research the elements affecting customers' satisfaction in B2C online retailing stores.
      Citation: EuroMed Journal of Business
      PubDate: 2021-12-16
      DOI: 10.1108/EMJB-08-2021-0121
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2021)
       
  • The financial leverage–financial performance relationship in the
           emerging market of Turkey: the role of financial distress risk and
           currency crisis

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      Authors: Ismail Kalash
      Abstract: The purpose of this article is to examine how financial distress risk and currency crisis affect the relationship between financial leverage and financial performance. This study uses data of 200 firms listed on Istanbul Stock Exchange during the period from 2009 to 2019, resulting in 1950 firm-year observations. Pooled ordinary least squares, random effects, firm fixed effects and two-step system GMM models are used to investigate the hypotheses of this study. The results reveal that financial leverage has negative and significant effect on financial performance, and that this effect is stronger for firms with higher financial distress risk. Furthermore, the findings provide moderate evidence that currency crisis exacerbates the negative association between leverage and performance. The results of this study have important implications for firms in emerging markets. Managers can enhance firm performance by reducing the level of financial leverage, especially in firms with higher financial distress risk. These firms incur higher debt costs, and then they can benefit more from the decreases in debt ratio in their capital structure. Moreover, the decreases in debt level have more importance in currency crisis times, when the access to external finance becomes more expensive and more difficult. To the author's knowledge, this research is the first to examine the effect of currency crisis on the financial leverage–financial performance relationship and is one of few that investigate the role of financial distress risk in determining the linkage between leverage and firm performance.
      Citation: EuroMed Journal of Business
      PubDate: 2021-12-02
      DOI: 10.1108/EMJB-04-2021-0056
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2021)
       
  • Talent management and academic context: a comparative study of public and
           private universities

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      Authors: Abdallah Mohammad Taamneh , Mohammad Taamneh , Abdallah Alsaad , Manaf Al-Okaily
      Abstract: The aims of this research are to present a comprehensive and holistic view of talent management (TM) at universities by exploring the current practices of TM among private and public universities in Jordan and make a comparison between the two sectors in regard to how they recruit, retain, train and develop, and measure the performance of talented people. Moreover, the practice of recruitment and selection, or so-called reflective or process-oriented practices, has given special attention to see how both public and private universities differ in regard to this process in particular. A structured questionnaire was utilized to elicit responses from participants on five selected constructs, recruitment and selection reflective or process-oriented practices, retention, training and development, and performance management. A convenient sampling approach was used to source participants for the study. The data has been analyzed, structured and organized utilizing SPSS software to analyze the results. Frequency tests have been used to test the demographic variables. Descriptive analysis was used to check the standard deviation and mean for total items. The reliability, discriminate validity, convergent validity and correlation matrix of all the questions have been tested using various methods. Moreover, exploratory (EFA) and confirmatory (CFA) tests were performed. For testing the hypothesis and to examine whether or not there is a significant difference in TM practices between public and private universities in Jordan, independent sample t-tests have been employed. The results show that the means of TM practices differ slightly between public and private universities. The public universities demonstrate a higher level of TM practices compared to private universities in all practices except that of performance management. However, while there are visible differences in TM practices between public and private universities, these differences were not statistically significant. On the other hand, we revealed a significant difference in the reflective or process-oriented practices between public and private universities. The results show that HR departments in public universities are more likely to have less power in performing the recruitment and selection processes as compared to private universities. We also compared the extent to which elite academics in public universities select candidates congruent with their own personal and scientific preferences to the extent their counterparts do so in private universities and the results indicate that this practice differs significantly between public and private universities being far more common in private universities. Finally, we compared the practice of academic talents being recruited through informal networks of scouts between private and public universities. The results show a slight and insignificant difference between private and public universities concerning this practice. This study is built on the concept of “new managerialism” in higher education, which supports collaboration between HRM professionals and academics to enhance TM practices. This research contributes to the body of knowledge by combining “reflective or process-oriented practices” with other TM practices in an attempt to make a comparison of public and private institutions’ practices and provide a more comprehensive view of the TM process. However, the overwhelming majority of study on TM has been carried out in Western countries, with limited attention paid to non-Western contexts. Even though this growing body of research has advanced our theoretical and empirical knowledge of TM, there is still a need to comprehend TM practices in the rest of the globe, particularly when one considers the cultural and institutional disparities that exist between countries. Moreover, according to the researcher’s best knowledge, no previous studies have compared public and private universities regarding talent management, and it would be of great importance to investigate the implementation of TM practices in this vital sector.
      Citation: EuroMed Journal of Business
      PubDate: 2021-11-04
      DOI: 10.1108/EMJB-08-2020-0088
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2021)
       
  • The role of entrepreneurial resilience in forms of collaboration: a
           systematic literature review with bibliometric analyses

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      Authors: Ana Joana Candeias Fernandes , Mário Franco
      Abstract: Focused on the intersection between entrepreneurial resilience and different forms of collaboration, this research makes a systematic analysis of the literature resorting to various complementary bibliometric techniques (keyword co-occurrence; bibliographic coupling of documents; bibliographic coupling of authors; co-citation of references). According to the research protocol defined, a search by topics was made in Web of Science (WoS), with no time restriction, which led to including 97 articles in the sample. Descriptive analysis identified the evolution and tendency of publications and citations, the most productive journals, universities and countries in this topic and the research methodologies followed in the articles of the sample. The different bibliometric techniques applied led to understanding and systematization of the tendencies and themes concerning the topic, allowing the development of a conceptual framework articulating them and revealing possible lines of research that could contribute to developing the literature. By showing different facets of the intersection between entrepreneurial resilience and collaboration, this paper highlights the multiple implications of this area at different levels of analysis (individuals, ventures and communities) with the importance of networks of collaboration patent in each. Therefore, this study can help entrepreneurs, business and political decision-makers to make better informed decisions, which can be particularly relevant in scenarios of uncertainty and crisis, such as the present, arising from the global pandemic. As far as the authors know, the research carried out is the first centred on systematic analysis of entrepreneurial resilience and forms of collaboration. It gives a complete conceptual and theoretical picture of the evolution of research on the topic and accordingly points out possible avenues for future research.
      Citation: EuroMed Journal of Business
      PubDate: 2021-11-02
      DOI: 10.1108/EMJB-05-2021-0075
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2021)
       
  • Examining the impact of firm-specific and environmental-specific factors
           on short and long-term firm survival during an economic crisis

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      Authors: Dimitrios Chatzoudes , Prodromos Chatzoglou , Anastasios Diamantidis
      Abstract: Looking back on the last 12 years, the whole planet went through two major economic crises (2008 and 2019), which both had a profound impact on the survival of businesses. The present study aims to develop and empirically test a conceptual framework that investigates the factors that have an influence on firm survival. More specifically, the study proposes a three-dimensional framework that includes performance drivers (utilizing resource-based view [RBV] factors), performance measures and the measurement of firm survival. Such a multi-dimensional approach has very rarely been explored in the existing literature. A thorough literature review revealed gaps in the literature and offered the basis for developing the proposed conceptual framework of the study. Its empirical examination (hypothesis testing) was conducted with the use of a newly developed structured questionnaire that was distributed to a group of Greek manufacturing organizations (the final sample consists of 364 manufacturing companies). Empirical data were analyzed using the “structural equation modeling” (SEM) technique (multivariate analysis) and other similar techniques (i.e. exploratory factor analysis and analysis of variance). The study is empirical (based on primary data), explanatory (examines cause and effect relationships), deductive (tests research hypotheses) and quantitative (includes the analysis of quantitative data collected with the use of a structured questionnaire). On the one hand, empirical results point out that “manufacturing-marketing alignment,” “manufacturing capabilities,” “structural configuration” and “business performance under crisis” have the most significant impact and on short-term survival (current situation). On the other hand, “competitive advantage” and “business performance under crisis” have the most significant impact on long-term survival (future situation). Focusing on RBV factors, only “structural configuration” and “manufacturing capabilities” directly affect short-term survival, while “manufacturing–marketing alignment” has an indirect effect on the same factor. Then again, all RBV factors indirectly affect long-term survival. Also, it is confirmed that short-term survival strongly affects long-term survival. The present study contributes to the debate concerning the antecedents of firm survival, since current empirical findings are quite inconsistent. Specifically, crucial performance drivers and other measures are incorporated into an original model, which reveals their synergies and their impact on the dynamic dimensions of firm survival. Additionally, it enhances the stream of research that investigates firm survival under crisis since very few similar empirical studies have been conducted. Finally, firm survival is not measured as a static concept but rather as a dynamic one (firm survival – current situation and firm survival – future situation). Overall, the final model can explain 35.2% of the variance in “firm survival – current situation” and 46.3% of the variance in “firm survival – future situation.”
      Citation: EuroMed Journal of Business
      PubDate: 2021-10-19
      DOI: 10.1108/EMJB-02-2021-0026
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2021)
       
  • Political risks and financial markets: emerging vs developed economies

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      Authors: Bechir Ben Ghozzi , Hasna Chaibi
      Abstract: The authors provide a comparative analysis between emerging and developed financial markets in terms of the effects of political risks on stock market returns and volatility. The authors also examine whether this impact depends on the nature of political risks. Therefore, this study aims to detect which financial markets are the most profitable and the riskiest in terms of political risks. The authors investigate the impact of political risks on the excess stock market return and its conditional volatility using the generalized ARCH model for a sample of 46 developed and emerging markets over a period ranging from 1995 to 2019. In order to test how the nature of political risks affects equity excess returns and volatility differently in different markets, the authors employ (1) a composite political risk score, (2) the four subgroups of political risks as defined by Bekaert et al. (2005, 2014) and (3) the individual dimensions of political risks. The findings indicate that the composite political risk is priced into both stock markets. The effect of political risks is positive for excess returns and negative for volatility. The authors show that the political risk leads to more volatility in developed markets. Nevertheless, the effect of individual components varies according to the market category. The authors provide a framework for predicting market returns and volatility using changes in the political risk of the country. The findings help investors make investment decisions based on the political decisions of governments. In other words, investors should consider political uncertainty when determining their expected earnings. The authors engage monthly panel data methodology in terms of the political risk stock market relationship. In addition, the authors consider recent and very long data covering the period 1995–2019. Furthermore, this study combines three various political risk measures, and both equity returns and volatility.
      Citation: EuroMed Journal of Business
      PubDate: 2021-10-01
      DOI: 10.1108/EMJB-11-2020-0123
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2021)
       
  • Do board directors and good corporate governance improve integrated
           reporting quality' The moderating effect of CSR: an empirical analysis
           

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      Authors: Jamel Chouaibi , Saida Belhouchet , Raghad Almallah , Yamina Chouaibi
      Abstract: This paper targets to shed light on the relationship between board characteristics, good corporate governance and the integrated reporting quality (IRQ) and even if this relationship is moderated by the corporate social responsibility. Data from a sample of 185 European firms selected from STOXX 600 Index between 2010 and 2019 are used to test the model using panel data and multiple regression. This paper is motivated by using panel data estimated feasible generalized least squares method. A multiple regression model is used to analyze the moderating effect of the corporate social responsibility on the association between board characteristics, good corporate governance and the IRQ. Consistent with the expectations, the results showed that there is a positive relationship between board independence, board diversity, good corporate governance and IRQ. Furthermore, the findings suggest that moderating effect positively affects the relationship between the board characteristics, good corporate governance and IRQ. The results of this study have an impact on policymakers. The presence of women and independent members of the board should be encouraged. This has a positive effect on the availability of high-quality information, able to drive investment levels and stakeholder participation. This study supports the existing literature. First, it expands the scientific debate on the topic of integrated reporting (IR). Second, it extends the scope of agency theory, which is rarely used to explain IR-related phenomena. This study is one of the first to examine the moderating effect of corporate social responsibility on the association between a set of governance characteristics (i.e. Board independence and board diversity) and integrated reporting adoption.
      Citation: EuroMed Journal of Business
      PubDate: 2021-09-20
      DOI: 10.1108/EMJB-04-2021-0066
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2021)
       
  • Non-financial reporting and company financial performance: a systematic
           literature review and integrated framework

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      Authors: Cornelie Crous , Enrico Battisti , Erasmia Leonidou
      Abstract: The purpose of this paper is to examine the different aspects of non-financial reporting that may influence company financial performance. In particular, the authors present an integrated framework of these features that have a direct impact on the financial sustainability of firms for future researchers to further explore and expand the boundaries of the domain. A systematic literature review of peer-reviewed papers, covering the period 2015–2020, was done, and 41 paper were identified and analysed via a thematic review, to identify variables that either positively or negatively impact on the financial performance of listed companies. The literature focuses on disclosures related to integrated reporting disclosures, sustainability disclosures (also called corporate social responsibility (CSR) disclosures) and corporate governance disclosures. A synthesised inter-textual coherence strategy has been followed during the interpretation of the findings. The results of the synthesised inter-textual coherence strategy were the development of an integrated framework, which indicates that the inclusion of control variables in regression analysis has no impact on the direction of the relationship between quality reporting and financial reporting. To the best of the authors’ knowledge, this paper is the first to provide a comparison between the impact of the different types of reporting and financial sustainability.
      Citation: EuroMed Journal of Business
      PubDate: 2021-09-16
      DOI: 10.1108/EMJB-12-2020-0134
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2021)
       
  • Authenticity as an antecedent of brand image in a positive emotional
           consumer relationship: the case of craft beer brands

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      Authors: Paula Rodrigues , Ana Pinto Borges , Ana Sousa
      Abstract: This study, based on craft beer brands, aims (1) to explain the importance of four brand authenticity dimensions (continuity, originality, reliability and naturalness) in consumers' perceptions of brand image; (2) to verify if the brand–consumer emotional relationship (brand love) is enhanced by the consumer's perceptions of the brand's image; (3) to verify if the consumer's perceptions of the brand's image increase brand satisfaction; and (4) to verify if brand satisfaction increases brand love. Data were collected from consumers of different craft beer brands to evaluate the assumptions underlying the proposed conceptual model. In total, 175 questionnaire responses were used, and the model was estimated through structural equation modelling (SEM) with partial least squares (PLS). The results confirmed that brand authenticity is a strong antecedent of the brand image of craft beers, and that brand image affects both consumer brand satisfaction and brand love. The effect of brand satisfaction on brand love has also been confirmed. Craft beer brands should aim to attract more fan-consumers, i.e. consumers who seek an emotional relationship that manifests itself in affection, beauty, well-being and long-term commitment. Fan-consumers give their hearts/love and recommend the brand. The paper tries to fill two gaps in the literature. First, we make the initial empirical application of the Bruhn et al. (2012) scale and verify its adequacy in this context. Second, this is the first time that the model's design has been validated. The results allow us to confirm that authenticity is an antecedent of brand image, and its simultaneous impact on the consumer's brand love for, and satisfaction with, craft beer brands.
      Citation: EuroMed Journal of Business
      PubDate: 2021-09-14
      DOI: 10.1108/EMJB-03-2021-0041
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2021)
       
  • The impact of internal corporate governance mechanisms on audit report
           lag: evidence from Tunisian listed companies

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      Authors: Azhaar Lajmi , Mdallelah Yab
      Abstract: The purpose of this paper is to examine and analyze the impact of governance internal mechanisms on audit report lag. The characteristics of governance used in this study are selected by looking at recent literature review. Governance internal mechanisms were proxied by the audit committee and director's board characteristics. To test the impact of these characteristics, the authors used a sample of 47 Tunisian companies listed on the Tunis Stock Exchange (BVMT) during the period from 2014 to 2019. The generalized method of moments (GMM) method of dynamic panel multivariate analysis was used to analyze this study. The results showed that most corporate governance attributes have a significant effect on audit report lag. Specifically, the audit committee diligence and the audit committee expertise have significant and positive effect on audit report lag. But the diligence of the board has significant and negative effect on audit report lag. However, this study finds no evidence that the audit committee independence, the size, independence and diligence of director's board are associated with the audit report lag. In addition, the results of this study also show that there is a significant effect of some control variables such us gender and performance. The findings of this article will help to fill the knowledge gap in relation with this research issue in developing countries especially in Tunisian context, because this investigation exposed more than ever the vital role of auditor on the audit report lag. This research will make investors and stakeholders aware of the importance of governance mechanisms put in place in firms to reduce audit report delays in emerging markets, like Tunisia. Then, this work can help researchers and encourage them to deeply and broadly investigate this issue on other emerging markets. This study extends the existing literature by examining the relationship between different mechanisms of corporate governance and audit delay in an emerging context and which has been very little explored in this sense namely in the Tunisian context. On the empirical level, the study contributes by using a dynamic panel that has not been mentioned much in previous research. Dynamic panel models include lagged dependent variables. The presence of these variables makes it possible to model a partial adjustment mechanism.
      Citation: EuroMed Journal of Business
      PubDate: 2021-09-07
      DOI: 10.1108/EMJB-05-2021-0070
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2021)
       
  • Market efficiency and the Greek fixed-odds betting market

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      Authors: Alexandros Kalaitzakis , Petros Lois , Spyros Repousis
      Abstract: The purpose of this study is to empirically examine the efficiency of Greek fixed-odds (offline) betting market as offered by OPAP for the period 2016–2019. Using a four-year data sample of OPAP's opening and closing odds for football matches from all over the world and applying linear probability and probit models, the market efficiency is examined and the existence of possible anomalies is investigated. The main findings of research suggest that although the odds are dominated primarily by favorite-longshot bias and secondarily by draw bias, this mispricing cannot prove profitable. However, the opening odds, the margin levels and the market structure provide information that is not fully captured by the closing odds, giving bettors profit opportunities. Thus, findings show that the semi-strong market efficiency is questionable. Finally, competition reduces commissions leading to more efficient odds. The conclusions of this study are useful for football betting market and, particularly, for government authorities, bookmakers and bettors. Findings can be extended in future research to prediction tasks. To the best of the authors’ knowledge, this is the first study about the Greek football betting market. The contribution to the literature lies on the one hand in the examination of a monopolistic land-based betting market, which is being squeezed and threatened by the more competitive online betting market, and on the other hand in the simultaneous examination of the opening and closing odds.
      Citation: EuroMed Journal of Business
      PubDate: 2021-09-03
      DOI: 10.1108/EMJB-01-2021-0014
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2021)
       
  • The influence of online and offline brand trust on consumer buying
           intention

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      Authors: Costanza Nosi , Tommaso Pucci , Yioula Melanthiou , Lorenzo Zanni
      Abstract: The study tests a model that considers online brand trust in different nonbrand-owned touchpoints as a multifactorial construct constituted by: social network influencers, bloggers, online retail platforms and brand-related user generated content. Furthermore, it examines the influences that offline and online brand trust exert on consumer buying intention. A convenience sample of 3,335 total individuals participated in the survey. Structural equation modelling was used to test the hypotheses. Online brand trust is significantly influenced by trust in all investigated nonbrand-owned touchpoints. Both offline and online brand trust positively influence buying intention. Whereas brand trust is considered a multidimensional construct that includes both cognitive and affective aspects, in addition to individuals' personality traits, the present study only investigated the rational dimension of the brand trust paradigm. Moreover, this study examined the influence of brand trust on consumers' buying intention and not overt behavior. In addition, even though the extant literature suggests that the relation between trust and behavioral outcomes may vary across cultures, no test of the possible influences that culture exerted on brand trust and BInt was run. Finally, given the convenience sampling method used in this research, statistically significant surveys would provide a more solid basis for the investigated phenomenon, and they would enable an appropriate generalization of the findings. To build brand trust and favour buying intention, marketers should monitor and influence the online touchpoints that are partially under or totally out of their control, and reconceive and manage physical stores. This paper contributes to the stream of literature on online brand trust by proving that it is a multifactorial construct resulting from trust in different non-proprietary online entities and pointing out the prevalent role that physical stores play in shaping consumer buying intention. It also indicates that a trust transfer effect takes place between different online information sources and offline outlets.
      Citation: EuroMed Journal of Business
      PubDate: 2021-08-23
      DOI: 10.1108/EMJB-01-2021-0002
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2021)
       
  • Re-examination of the internet financial reporting determinants

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      Authors: Foued Khlifi
      Abstract: The purpose of this paper is to shed light on the relationship between the Internet Financial Reporting (IFR) levels and corporate characteristics. It is assumed that the relationship between the disclosure level and its determinants is known. Nevertheless, the results of the empirical studies confirm that it is a naive assumption. As a result, the author suggests refusing the conventional methods of econometric analysis. The research methodology consisted of four stages: First, the author tried to select the “best” model using the Akaike Information Criterion (AIC). Second, the author checked out the stability of the relationship between corporate disclosure level and its determinants. Third, the regression analysis was used. Finally, the author proposed a “genetic-fuzzy system” for studying the determinants of corporate disclosure. The firms' yearly data collected consisted of a random sample of 152 Tunisian companies' websites. The results show that the variables that should be used to explain the level of IFR are firm size, ownership concentration, firm performance and liquidity. The Chow forecast test shows that there is a significant and large difference between the actual and the predicted values. Consequently, the author suggests using non-parametric methods, particularly a methodology based on fuzzy logic concepts and genetic algorithms. This technique would allow the author to discover the true form of the relationship between the disclosure level and its determinants. Regarding the hypotheses of this study, the findings of the “genetic-fuzzy system” validate all the hypotheses. Indeed, the arguments of the agency theory, the signaling theory, and the political cost hypothesis were supported using the “genetic-fuzzy system.” The originality of the paper lies in providing a new research methodology based on several statistical tools for dealing with an important research topic in accounting and finance, i.e. the determinants of IFR. The results of this study can be considered as a starting point to develop a unified methodology.
      Citation: EuroMed Journal of Business
      PubDate: 2021-08-20
      DOI: 10.1108/EMJB-10-2020-0115
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2021)
       
  • Empowering leadership and innovative work behavior: the mediating effects
           of climate for initiative and job autonomy in Moroccan SMEs

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      Authors: Abderrahman Hassi , Sylvia Rohlfer , Simon Jebsen
      Abstract: The purpose of this paper was to explore the role of empowering leadership, organizational climate for initiative and job autonomy in spurring innovative work behavior (IWB). This study resorted to the structural equation modeling technique along the Bayesian estimation approach to analyze the mediating role of the organizational climate for initiative and job autonomy in the empowering leadership-IWB link in data gathered from CEOs, middle managers and non-managerial employees of 444 small and medium enterprises in Morocco. The findings revealed that empowering leadership is a prerequisite of IWB as subordinates, who are empowered by their leaders, demonstrate IWB. Further, organizational climate for initiative and job autonomy mediate the empowering leadership-IWB link. This research has demonstrated that firms and organizational leaders who seek to make their middle managers innovative in their job should adopt empowering leadership practices, build an organizational climate that is favorable for initiative-taking and grant middle managers with autonomy in the way they carry out their tasks. This paper extends our understanding on the mechanisms linking empowering leadership and IWB by testing the mediating effects of organizational climate for initiative and job autonomy.
      Citation: EuroMed Journal of Business
      PubDate: 2021-07-14
      DOI: 10.1108/EMJB-01-2021-0010
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2021)
       
  • The antecedents and consequences of brand personality: a systematic review

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      Authors: Muhammad Rashid Saeed , Umar Burki , Raza Ali , Robert Dahlstrom , Hashim Zameer
      Abstract: The topic of brand personality (BP) has received extensive research attention in the last 2 decades, with a particular focus on examining its antecedents and consequences. This study, therefore, systematically reviews and synthesizes extant research on antecedents and consequences of BP of consumer products. A systematic review approach is used to identify and analyze relevant studies from five major databases and a search engine. This review identified 62 articles from 43 journals published during 1997–2018. The relevant literature germane to the research objectives is extracted from these articles. This study identifies and classifies antecedents and consequences of BP of consumer products, along with key mediators and moderators underlying these relationships. Additionally, the study reveals pertinent characteristics of BP literature, including conceptualizations, measurements, methods, theories and research settings. Finally, this study develops an integrative conceptual model and presents avenues for future research. This study provides insight to practitioners that create and develop brand personalities. The study would inform managers concerning the outcomes of BP. To the best knowledge of the authors, this is the first systematic review that synthesizes existing empirical research on antecedents and consequences of BP of consumer products.
      Citation: EuroMed Journal of Business
      PubDate: 2021-06-23
      DOI: 10.1108/EMJB-12-2020-0136
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2021)
       
  • Estimating competitiveness of Greek food and beverage industry: a
           comparison between Greek flour milling industry and Greek food and
           beverage industry

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      Authors: Christos Konstantinidis , Stamatis Aggelopoulos , Maria Tsiouni , Evanthia Rizopoulou
      Abstract: The objective of this study is to estimate the competitiveness for both the Greek food and beverage industry as a whole and the flour and milling industry, justifying the certain economic factors and the way which these factors affect on it. The Greek food and beverage firms which published their balance sheets for the studying period were studied. According to the existing literature two equations were created and estimated as a simultaneous equations system. Summarizing the results both for the whole food and beverage industry and the flour milling industry are observed significant similarities on how certain economics factors such as profitability, market share, sustainable growth, age and operating costs affect on competitiveness as measured in this work. This may happen due to the high degree of concentration but also in the special characteristics which present both the Greek food and beverage industry and the flour milling sector. The fact that this work referred only in Greek firms can be a limitation of this research, in spite of that it can provide useful and safe conclusions for the Greek food manufacturing industry. The provision of proposals for increasing firm competitiveness to managers as well as to policymakers. The importance of food and beverage industry for the Greek economy as well as that the flour milling industry holds an important position in the Greek food and beverage industry makes the study of the competitiveness for both of them to be important from both an academic and research perspective. The Greek food and beverage industry is the strength of Greek manufacturing and at the same time an important lever for the development of the entire Greek economy. The high quality products it produces and the organized promotion of its products in international markets are elements that give it an advantage and stimulate its competitiveness. The flour milling industry is one of the sectors in which there is intense competition and whose presence in terms of sales, turnover, employment and gross value is particularly important, so a simultaneous study of these cases is very important.
      Citation: EuroMed Journal of Business
      PubDate: 2021-06-02
      DOI: 10.1108/EMJB-02-2021-0016
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2021)
       
  • Theory of planned behaviour and boycotting: the moderating role of
           socio-political control and demographics

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      Authors: Antonia Delistavrou
      Abstract: This study examines the predictive ability of the theory of planned behaviour (TPB) to explain consumers' intentions to boycott “unethical”super market (S/M) products. It aims to expand the TPB by investigating the moderating role of politics and selected demographics in the formation process of behavioural intentions. A survey with personal interviews was conducted in the urban area of Thessaloniki, Greece. The two-stage area, in combination with the stratified sampling, resulted in a representative sample of 420 useable questionnaires. Consumers were found to be mostly influenced by subjective norms to participate in a boycott campaign against “unethical” products, the next time they visited an S/M. Moderation analyses revealed that the effect of subjective norms gets higher in the group of consumers with lower policy control (PC) scores; the effect of attitudes gets higher in those with higher leadership competence (LC) in the society. Furthermore, the effect of attitudes on intentions gets stronger in men, younger than 44 years old, better educated and earning relatively higher incomes. The contribution of this study to the boycotting research agenda concerns the expanded TPB model; it introduces scantly so far exogenous variables, namely politics and demographics.
      Citation: EuroMed Journal of Business
      PubDate: 2021-06-02
      DOI: 10.1108/EMJB-02-2021-0020
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2021)
       
  • The impact of corporate governance and IFRS on the relationship between
           financial reporting quality and investment efficiency in a continental
           accounting system

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      Authors: Asma Houcine , Mouna Zitouni , Samir Srairi
      Abstract: The purpose of this paper is to investigate whether Financial Reporting Quality (FRQ), Corporate Governance and IFRS affect investment efficiency of French listed companies. Based on a sample of 125 French firms listed on the CAC All Tradable index between 2008 and 2017, the study uses Feasible Generalized Least Squares (FGLS) regressions to examine the relationship between FRQ and firms' investment efficiency. The findings show that FRQ plays a role in reducing overinvestment and does not affect underinvestment, suggesting that in a code-law country, informal and personal relationships tend to replace the role of financial reports in mitigating information asymmetry. The results also reveal that the relationship between FRQ and investment efficiency increases with better corporate governance and with the implementation of IFRS. However, the results provide no evidence between incentives to minimize profits for tax purposes and firms' underinvestment and continues to be negative for overinvesting companies that have more incentives to manage their earnings for tax purposes. Our study has some limitations. First, we only examine listed firms, so the results cannot be generalized to unlisted companies that represent the vast majority of French economic activity. Second, this research does not distinguish between government companies and private companies. The two types of companies have different governance mechanisms, financial reporting, disclosure environment and concentration of ownership. This study suggests that in a code-law country with weak investor protection, FRQ acts as a governance mechanism by mitigating asymmetric information and improving firms' investment decisions. The relationship between FRQ and investment efficiency has been widely examined for companies in “common law” countries. This study extends the scarce evidence of this relation to companies in a code-law country. It also builds on previous research by introducing new factors never discussed before that could change this relationship, namely corporate governance, IFRS implementation and tax purposes.
      Citation: EuroMed Journal of Business
      PubDate: 2021-06-02
      DOI: 10.1108/EMJB-06-2020-0063
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2021)
       
  • My choices are better than yours! Gender differences in narcissistic
           start-up entrepreneurs

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      Authors: Simona Leonelli
      Abstract: The paper explores the role of narcissism on entrepreneurs' decisions in terms of organizational choices, discussing gender differences. The aim relies in the influence that entrepreneurs' personality, capabilities and cognitive orientation have in the creation and management of start-ups. Analyzing an Italian sample of 207 entrepreneurs and using Analysis of variance (ANOVA) and generalized linear model methods, the hypotheses were tested to understand whether and how narcissism affects Research and development (R&D) expenditure, patent ownership and the presence of a specialized team in organizations led by women and men entrepreneurs. Differences in the management and organizational choices of narcissistic women entrepreneurs compared to their men counterparts emerged. First, results show that women entrepreneurs are less narcissistic than men. Second, gender is shown to moderate the effect of narcissism on the choice of having a qualified team in a start-up. Third, narcissistic women entrepreneurs were found to engage less in risk-taking activities, such as R&D expenditure, and to patent their ideas more than their male counterparts. The study expands the existing literature by applying a gendered lens to entrepreneurs' narcissism to investigate whether they behave and manage their start-ups differently.
      Citation: EuroMed Journal of Business
      PubDate: 2021-06-02
      DOI: 10.1108/EMJB-12-2020-0130
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2021)
       
  • Marketing accountability and marketing automation: evidence from Portugal
         This is an Open Access Article Open Access Article

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      Authors: Susana C. Silva , Leonardo Corbo , Božidar Vlačić , Mariana Fernandes
      Abstract: The present study seeks to outline the role of marketing automation (MA) in measuring the return on marketing activities and the challenges associated with reaching accountability in marketing. To investigate the objective of the study, the authors adopted a qualitative approach, conducting an exploratory study among ten key informants located in Portugal. Based on the results of the qualitative analysis, a conceptual framework is proposed, which includes both strategic- and operational-level factors with the goal of creating a value-based agenda. In this agenda, executives such as the Chief Marketing Officer emerge as value creators, fostering business scalability, and further arguments are provided to justify budget allocation to MA activities. Through careful research of the elements that characterize the phenomenon under study, the present paper ultimately contributes to a better understanding of MA and accountability within the current business paradigm.
      Citation: EuroMed Journal of Business
      PubDate: 2021-05-21
      DOI: 10.1108/EMJB-11-2020-0117
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2021)
       
  • Board characteristics and integrated reporting quality: evidence from ESG
           European companies

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      Authors: Salim Chouaibi , Yamina Chouaibi , Ghazi Zouari
      Abstract: The aim of this study is to analyze the possible relationship between board characteristics and integrated reporting quality in an international setting. To test the study's hypotheses, the authors applied linear regressions with a panel data, and the authors collected data from the Thomson Reuters database (ASSET4) and from the annual reports from European companies to analyze data of 253 listed companies selected from the environmental, social and governance (ESG) index between 2010 and 2019. The reached empirical results prove to indicate well that both of the board size, independence and diversity appear to have a significantly positive effect on the integrated reporting quality. Noteworthy, also, is the fact that the appointment of an independent nonexecutive chairman is positively associated with the integrated reporting related quality, and holds for firms with a nonindependent chairman. Beyond the theoretical implications, our study also has several practical implications. These findings are particularly relevant for managers, shareholders, and policymakers. Thus, stakeholders should consider the accuracy of disclosure in determining the optimal reporting strategy (reducing risk estimation, returns' stock volatility, increasing long-term shareholder value and reputation of the firm). This article is motivated by the low number of works in the context about the corporate social responsibility and sustainability issues. It makes an important contribution to the academic literature by adding to the limited body of research on integrated reporting and corporate governance in an ESG company setting. The study is also important for practitioners seeking to improve the quality of their integrated reports.
      Citation: EuroMed Journal of Business
      PubDate: 2021-05-17
      DOI: 10.1108/EMJB-11-2020-0121
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2021)
       
  • ECB's unconventional monetary policy and spillover effects between
           sovereign and bank credit risk

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      Authors: Ioannis Katsampoxakis
      Abstract: The paper examines the impact of the deteriorating fiscal conditions of Eurozone countries on spillover effects on bank credit margins. It is investigated whether these effects have been reduced after European Central Bank’s (ECB) signaling of pursuing an expansionary, unconventional, monetary policy to address the debt crisis in Eurozone. A general econometric panel model is applied to investigate spillover effects between Eurozone countries and bank credit margins. In total, three periods are examined: the period before the peak of the global financial crisis and the beginning of the Irish banking crisis, the period during the debt and bank crisis in Eurozone and the period after ECB's signaling of extremely aggressive monetary easing. According to empirical results, before the peak of the global financial crisis there was no substantial credit risk transfer from Eurozone sovereigns to banks. During the period of debt and bank crisis in Eurozone, the deterioration of the fiscal situation of Eurozone countries had a significant impact on bank Credit Default Swap (CDS) spreads. After ECB's signaling of extremely aggressive monetary easing, it does not seem to be any significant relationship between Eurozone sovereigns and bank CDS spreads. These findings reinforce the assessment that ECB's measures were effective, achieving the key objective of normalizing economic conditions and ensuring financial stability in Eurozone. A question is whether effects can change when the corresponding contraction will lead to a reinstatement of “normal” conditions. Would there be a reversal of risk premium trends in bond markets' Although the answer from casual observations seems to be negative, it is a valid research question to be examined. An interesting issue concerning the unconventional monetary policy measures implemented by ECB concerns the issues of moral hazard that they incorporate, something that could not be addressed. Another research perspective could be the use of the beta coefficient to measure the systematic and unsystematic risk of banking sector shares. The results have strong implications for ECB and European banking regulation. Regulators should mainly pay more attention to the amount and concentration of sovereign debt held by banks. Eurozone financial system could be less vulnerable to the sovereign credit risk. It raised the critical question of whether a more strict regulation is needed. Regulators should not intervene if not necessary, but they must prevent the transmission of crises between markets. This will likely bring trust to the developed countries' sovereign debt and the portfolios of the financial institutions, which hold most of this debt will be considered safe as well. The conclusions provide a safe counterweight in various respects. First, the negative effects and the need to rapidly cease or limit such policies. Second, the financial stability aimed by ECB. Such policies contain the possibility of a subsequent moral hazard related to Member State and bank behavior. However, these contingencies need to be assessed with the benefits resulting from the restoration of financial markets and the disconnection between banking and sovereign credit risk. This leads Eurozone's financial system to become less vulnerable to the sovereign credit risk and therefore more safe, helping to restore confidence in the real economy. Contribution in terms of methodology and conclusions. It offers important conclusions regarding the limitations of yields and volatility of CDS spreads. It examines the spillover effects of the fiscal situation of Eurozone countries on banking institutions by extending the existing methodology and introducing new questions focusing on the reaction of CDS market to the ECB monetary policy, the reduction of risk premiums at sovereign and banking level and the gradual reduction of interdependence between them.
      Citation: EuroMed Journal of Business
      PubDate: 2021-05-14
      DOI: 10.1108/EMJB-09-2020-0103
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2021)
       
  • Assessing the responsiveness of out-of-pocket healthcare expenditure to
           macro-fiscal factors and different health financing systems: evidence from
           the European and OECD area

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      Authors: Nikolaos Grigorakis , Georgios Galyfianakis , Evangelos Tsoukatos
      Abstract: In this paper, the authors assess the responsiveness of OOP healthcare expenditure to macro-fiscal factors, as well as to tax-based, SHI, mixed systems and voluntary PHI financing. Although the relationship between OOP expenditure, macroeconomy, aggregate public and PHI financing is well documented in the existing empirical literature, little is known for the impact of several macro-fiscal drivers and the existing health financing arrangements associated with voluntary PHI on OOP expenditure. The authors gather panel data by applying three official organizations’ databases. They elaborate static and dynamic panel data methodology to a dataset of 49 European and OECD countries from 2000 to 2015. The authors’ findings do not indicate a considerable impact of GDP growth and general government debt as a share of GDP on OOP payments. Unemployment rate presents as a positive driver of OOP payments in all three compulsory national health systems post to the 2008 economic crisis. OOP payments are significantly influenced by countries’ fiscal capacity to increase general government expenditure to GDP in SHI and mixed health systems. Additionally, study findings present that government health financing, irrespective of the different health systems structure characteristics, and OOP healthcare payments follow different directions. Voluntary PHI financing considerably counteracts OOP payments only in tax-based health systems. In the backdrop of a new economic crisis associated to the COVID-19 epidemic, health policy planners have to deal with the emerging unprecedented challenges in financing of health systems, especially for these economies that have to face the fiscal capacity constraints owing to the 2008 financial crisis and its severe recession. To the best of authors’ knowledge, there is no empirical consensus on the effects of macro-fiscal parameters, different compulsory health systems financing associated with the parallel voluntary PHI institution funding on OOP expenditure, for the majority of European and OECD settings.
      Citation: EuroMed Journal of Business
      PubDate: 2021-03-26
      DOI: 10.1108/EMJB-09-2020-0105
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2021)
       
  • Investigating digital storytelling for the creation of positively engaging
           digital content

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      Authors: Nicholas Nicoli , Kine Henriksen , Marcos Komodromos , Dimitrios Tsagalas
      Abstract: This study explores how digital storytelling (DST) approaches can be used for social media campaigns to create more engaging digital content. The ability to better engage with networked publics offers benefits to entities of different scale and scope, since in doing so they establish stronger relationships with their consumers and publics. A digital discourse analysis combined with a five-layer coded film analysis is applied to a DST video, viewed on Facebook. Four overarching and overlapping approaches are identified. These are emotional appeal based on clear human ideals, equality and simplicity of characters, simplicity and universal representations. Similar studies are required across varying targeted digital stories of different length and subject matter to distinguish effectiveness. Despite advanced technological capacity for audience segmentation, social media campaigns often include unengaging content. DST offers universal characteristics that can be used by entities to engage with their consumers and publics. DST has been used to create learning and pedagogical environments and more participative democracies. Yet its use to strategically engage with networked publics is empirically lacking. The findings of the study can facilitate more effective digital content strategies for entities of all purposes to pursue. Few studies have sought to deconstruct effective short form DST for strategic purposes. This study applies a methodological approach best suited for analysing digital content. The findings provide insights into how strategists and social media managers can create more engaging digital content.
      Citation: EuroMed Journal of Business
      PubDate: 2021-03-22
      DOI: 10.1108/EMJB-03-2021-0036
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2021)
       
  • Human resources flexibility as a mediating mechanism between
           high-performance work systems and organizational performance: a multilevel
           quasi-longitudinal study

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      Authors: Anastasia A. Katou
      Abstract: The purpose of this study is to investigate the impact of high-performance work systems (HPWS) on organizational performance through the mediating role of human resources (HR) flexibility (expressed by functional flexibility, skills malleability and behavioural flexibility). The study examines theoretical relationships in the Greek context, which reflects changing economic and financial crisis, based on multilevel structural equation modelling estimation, using three waves of sample data collected in years 2014, 2016 and 2018 from organizations operating in the private sector. The study finds that although HPWS positively influences all three HR flexibility dimensions, this positive effect is not transferred equally to organizational performance. The dominant effect on organizational performance is attributed to skills malleability, a smaller effect to behavioural flexibility and a negligible effect to functional flexibility. Although the data collected refer to three different years, most of the companies and individuals responded to sampling were different. As such, the study does not allow for dynamic causal inferences due to its quasi-longitudinal nature. The findings of this study may influence managerial decisions in developing bundles of HPWS policies and practices in relation to HR flexibility attributes. Since most studies consider HR flexibility as an aggregated construct, this study is possibly one of the very few studies that is examining the differential impact of the HR flexibility dimensions on organizational performance in turbulent times.
      Citation: EuroMed Journal of Business
      PubDate: 2021-03-19
      DOI: 10.1108/EMJB-11-2020-0120
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2021)
       
  • Restaurant failure in post-conflict Beirut: the macroenvironmental context
           and mismanagement

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      Authors: Laurent Yacoub , Samer Nakhle , Dorra Yahiaoui
      Abstract: Given the complexity of a post-conflict environment, the restaurant sector needs to be analyzed not just from the economic perspective. This paper aims to identify the diverse macroenvironmental and managerial factors underlying restaurant failures in Lebanon. The authors hope that this effort may help increasing restaurant success rates in other post-conflict settings. The aim of this paper is to explain how macroenvironmental pressures influence the restaurant business and which managerial factors are most critical in a post-conflict context. The authors adopted a qualitative method by conducting face-to-face, semi-structured interviews. The findings show that restaurant failures in a competitive and uncertain post-conflict environment were caused mainly by a snowball of internal organizational factors related to bad management, poor human resource management policies, inefficiency and fraud. Internal organizational factors can all be associated with human mistakes and bad decisions, including excessive initial investment, expensive decoration, inability to manage monthly expenses, bad communication and market research. This study contributes to the literature regarding restaurant failures in post-conflict regions and presents results that are expected to help managers in family- and non-family-owned businesses to enhance their decision-making process.
      Citation: EuroMed Journal of Business
      PubDate: 2021-03-16
      DOI: 10.1108/EMJB-08-2020-0092
      Issue No: Vol. 17 , No. 1 (2021)
       
  • Thanks, neighbor! Stock market experience around significant European tax
           cuts

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      Authors: Huabing Wang , Anne Macy
      Abstract: This paper analyzes the effect of corporate tax cuts on the competitiveness of the tax-cutting countries and neighbor countries. This study utilizes four significant corporate tax reforms among the OECD countries in Europe that offer a one-time tax cut of 6% or more. The short-term event study approach examines the stock index reactions for both the tax-cutting countries and the other countries. Multivariate fixed-effect regressions are employed to study the cross-sectional variations in the non-tax-cut countries. This paper finds positive excess returns for Slovakia and Germany around the tax-cut passage. Multivariate analysis of stock market reactions of the non-tax-cutting countries reveals some evidence supporting both the positive spillover effect and the negative competitive loss effect. More advanced countries are more likely to experience higher abnormal returns, while higher tax countries are more likely to suffer lower abnormal returns. Other factors identified that might have influenced the effect of a foreign tax cut include the existing trade flows with the tax-cutting countries, whether the country has a common currency and the export orientation of the economy. The findings are subject to sample-size issues. The lack of results for the other two countries is due to complicating events, as suggested by the further investigation of concurrent news events around the event days. The simultaneous analysis of the reform countries and the other countries in the region suggests that policymakers need to consider the relative positioning of their country vs the other countries in terms of economic development and current tax burdens when determining the optimal policy for their country or to respond to the tax policy changes in the other countries. This study offers empirical evidence regarding the effect of corporate tax changes on competitiveness through the lens of stock markets' reactions, which depend on the net results of the spillover gain vs the competitive loss.
      Citation: EuroMed Journal of Business
      PubDate: 2021-02-23
      DOI: 10.1108/EMJB-05-2020-0045
      Issue No: Vol. 17 , No. 1 (2021)
       
  • Circular economy business model for smart tourism: the case of Ecobnb

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      Authors: Pasquale del Vecchio , Caterina Malandugno , Giuseppina Passiante , Georgia Sakka
      Abstract: The paper aims to shed new light on the process of value creation and business model innovation resulting from circular economy in the context of smart tourism. The study embraces a qualitative and exploratory approach related to a single case study. Data have been collected through the integration of web-based desk analysis, interviews and social big data analytics. Findings are related to Ecobnb, a network-based tourism company, coherent with the principles of value creation and business model innovation in the context of circular economy and smart tourism. The study allows understanding of how smart tourism and circular economy can represent two important lenses for managing complexity and driving tourism companies and destinations toward sustainable and smart value creation processes. Practical implications arise for managers and destination makers in terms of innovation of the tourism management and transition of the business models toward a circular configuration. The study offers social implications by contributing to the dissemination of a culture of sustainability in tourism management and active involvement of local stakeholders in the growth of a tourism destination. The study provides an original contribution to the debate on tourism by highlighting the obsolescence of traditional models of management in tourism companies and destinations, seen during the recent pandemic emergence, could be solved through the virtuous integration of digital technologies and sustainable approaches.
      Citation: EuroMed Journal of Business
      PubDate: 2021-02-16
      DOI: 10.1108/EMJB-09-2020-0098
      Issue No: Vol. 17 , No. 1 (2021)
       
  • Strength of auditing and reporting standards, ethical behavior of firms
           and sustainability: a cross-country investigation

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      Authors: Achraf Guidara , Anis El Ammari , Hichem Khlif
      Abstract: This paper aims to examine the association between the strength of auditing and reporting standards (SARS, hereafter) and sustainability and investigates whether ethical behavior of firms moderates relationship between SARS and sustainability. The sample consists of 500 country-year observations over the period of 2014–2017. Sustainability is collected from the Global Sustainable Competitiveness Index Reports for 2014, 2015, 2016 and 2017, while SARS and ethical behaviors are collected from the Global Competitiveness Reports for the same years. The findings of this study suggest that the SARS is associated with sustainability. Similarly, ethical behavior of firms has a positive and significant effect on sustainability. When testing for the moderating effect of ethical behavior of firms on the association between SARS and sustainability, the results show that the positive association SARS becomes positive and more significant for countries where firms operate with high ethical behaviors, while the association becomes insignificant for settings where firms operate with low ethical behaviors. The findings emphasize the role played by SARS and business ethics in improving sustainability. These results may have policy implications for governments aiming to improve sustainability by strengthening auditing and reporting standards and enforcing laws obliging firms to act ethically.
      Citation: EuroMed Journal of Business
      PubDate: 2021-02-16
      DOI: 10.1108/EMJB-10-2020-0107
      Issue No: Vol. 17 , No. 1 (2021)
       
  • Culture, institutional quality and earnings management: an international
           evidence

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      Authors: Ahmed Yamen , Cemil Kuzey , Muhammet Sait Dinc
      Abstract: This paper examines the link between culture, institutional quality and real earnings management and accrual earnings management by combing the study by Hofstede (2001) and Enomoto et al. (2015). The paper tries to test the effect of culture on institutional quality and both real earnings management (REM) and accrual earnings management (AEM). The sample of the research paper includes 38 countries. Hofstede cultural dimensions are used to measure cultural values. Public governance indicators published by the World Bank are used as a proxy for measuring the institutional quality. Earning management scores constructed by Enomoto et al. (2015, p. 191) are used for measuring real earnings management (REM) and accrual earnings management (AEM). Partial Least Square (PLS) based Structural Equation Modelling (SEM) is used to test the relationship between culture, institutional quality and earnings management. The results support the relationship between culture and institutional quality. Also, the results reveal a significant relationship between culture and accrual earnings management, but an insignificant relationship between culture and real earnings management. In addition to that, another important finding is that institutional quality has a significant impact on real earnings management, but has no significant effect on accrual earnings management. The results suggest that standard setters need to consider the quality of institutions to improve the quality of financial reports. Also, it highlights the role of both formal and informal cultures in shaping financial reports. For the best of our knowledge, this the first time to test the link between culture and institutional quality and comparing the impact on both real earnings management and accrual earnings management.
      Citation: EuroMed Journal of Business
      PubDate: 2021-01-21
      DOI: 10.1108/EMJB-06-2020-0068
      Issue No: Vol. 17 , No. 1 (2021)
       
  • ESG and corporate financial performance: the mediating role of green
           innovation: UK common law versus Germany civil law

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      Authors: Salim Chouaibi , Jamel Chouaibi , Matteo Rossi
      Abstract: The purpose of this paper is to investigate the direct and indirect links between environmental, social and governance (ESG) practices and financial performance using the mediate role of green innovation. To test the current study hypotheses, the authors applied linear regressions with a panel data using the Thomson Reuters ASSET4 and Bloomberg database from a sample of 115 UK and 90 Germany companies selected from the ESG index over the period 2005–2019. The results show that the strengths ESG increase the firm value and the weaknesses decrease it. In addition, the authors find that green innovation fully mediates the relationship between ESG practices and financial performance in UK and Germany. The findings provide interesting implications to academics practitioners and regulators who are interested in discovering ESG score, financial performance and green innovation. The results also provide insights to regulators and the board of directors on future growth opportunities for the company and the country. This study is unique in examining the mediation effect of green innovation on the relationship between ESG practices and financial performance.
      Citation: EuroMed Journal of Business
      PubDate: 2021-01-13
      DOI: 10.1108/EMJB-09-2020-0101
      Issue No: Vol. 17 , No. 1 (2021)
       
  • Memorable tourism experiences, destination image, satisfaction, and
           loyalty: an empirical study of Santorini Island

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      Authors: Aikaterini Stavrianea , Irene (Eirini) Kamenidou
      Abstract: Memorable tourism experiences (MTEs) can reinforce a destination's competitiveness. The literature has called for further research on this topic. This study develops and empirically examines a conceptual model exploring the relationships between MTEs, satisfaction, destination image (DI) and loyalty. Quantitative research was conducted with 729 respondents who had visited the Greek island of Santorini in the last three years, and structural equation modeling was used. The findings confirm the strength of the proposed model, which explained 58% of the variance for MTEs and 82% of that for tourist loyalty. The results reveal that MTEs influenced destination loyalty directly and indirectly through satisfaction, while DI influenced loyalty directly and indirectly. This study provides new insight into the importance of MTEs, satisfaction and DI in the formation of destination loyalty. This study provides new insight into the importance of MTEs, satisfaction, and DI in the formation of destination loyalty. The proposed model is the first to include these factors and the specific relationships between them.
      Citation: EuroMed Journal of Business
      PubDate: 2021-01-12
      DOI: 10.1108/EMJB-10-2020-0106
      Issue No: Vol. 17 , No. 1 (2021)
       
  • The effect of coaching on employees as mediated by organisational
           citizenship behaviour: case of Lebanon

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      Authors: Bassem Maamari , Soha El Achi , Dorra Yahiaoui , Samer François Nakhle
      Abstract: This study investigates whether the increased attention given to coaching as a training technique is affecting performance, while taking into consideration the mediating effect of organisational citizenship behaviour (OCB). Data is collected from Lebanese employees in the field, using a quantitative method and a confirmatory survey. The study suggests that the creation of a supportive organisational behaviour in the organisation does provide a higher benefit from coaching. The outcome of the study could have significant implications on the HR departments' managerial decision-making on the process of implementing novel tools and training techniques in services facilities. This study helps HR managers to assess the desirability of investing in coaching and orient the planning of their firms' HR strategy. This research is based on a large sample collection from different business sectors in Lebanon. The quantitative survey results highlight a number of correlations that affect employees' performance. It further moves the responsibility from coaching as a tool to being part of a complete program of behavioural management and change.
      Citation: EuroMed Journal of Business
      PubDate: 2021-01-12
      DOI: 10.1108/EMJB-06-2020-0059
      Issue No: Vol. 17 , No. 1 (2021)
       
  • EuroMed Journal of Business

    • Free pre-print version: Loading...

       
 
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