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Impact of COVID-19 on strategic sourcing decisions and business performance
No full textInternational audienc
Entrepreneurial Orientation and the Triple Bottom Line: Does Supply Chain Learning Matter?
No full textInternational audienceThe link between entrepreneurial orientation andperformance has been much discussed and debated in theacademic literature, however there is a scarcity of research relatedto its impact on the triple bottom line. As entrepreneurialorientation has become a source of competitive advantage,increased attention is given to the mechanisms linking it withsuperior sustainability performance. In this paper, we examine theconduit role that supply chain learning plays in translatingentrepreneurial orientation into the performance dimensions ofthe triple bottom line. Using structural equation modelling withlatent interactions on 526 firms, across 9 countries, we found thatentrepreneurial orientation boosts the supply chain learningprocess and impacts environmental and business performance.Although, entrepreneurial orientation did not have an impact onsocial performance dimension, the supply chain learning acted asmediator of the entrepreneurial orientation and the triple bottomline link. The proposed study extends the literature bydisentangling the supply chain mechanisms through which firmsmay enhance the impact of entrepreneurial orientation on thetriple bottom line
The European Central Bank and green finance: How would the green quantitative easing affect the investors' behavior during times of crisis?
No full textInternational audienc
Research on the effect of firm-specific investor sentiment on the idiosyncratic volatility anomaly: Evidence from the Chinese market
No full textInternational audienceThis paper evaluates how investor sentiment contributes to explaining the idiosyncratic volatility (IVOL) anomaly from a firm-level perspective in the Chinese stock market. This study employs the principal component analysis method to construct firm-specific investor sentiment (FSIS) and analyzes the effects of investor sentiment on the IVOL anomaly. In contrast to market-level sentiment, FSIS, as a varying cross-sectional sentiment indicator, can contribute to interpreting the idiosyncratic volatility anomaly from a micro- and portfolio-level viewpoint. According to our empirical investigation, stocks with higher FSIS have lower IVOL returns, i.e., a significant positive correlation exists between FSIS and IVOL. Additionally, our research findings also show that the rising (falling) FSIS effectively strengthens (weakens) the idiosyncratic volatility anomaly, indicating that variations in investor sentiment substantially impact earnings anomalies. In the study of the persistent impact of FSIS, we find that portfolios with the highest FSIS have longer-term negative IVOL premium returns than portfolios with medium and low FSIS. Finally, our research serves as a reminder to regulators and investors that risk can be minimized by avoiding exposure to stocks with high investor sentiment
De la sobriété numérique à l’innovation par retrait : penser les usages d’un smartphone sans connexion
No full textInternational audienceThis communication focuses on a workshop conducted with students in bachelor to make possible alternative uses of the smartphone through an eco-critical approach, in the context of a near future with limited resources. How to imagine the uses of a smartphone without connection through design and the use of fiction? And to what extent do the alternative solutions transform the relationship to digital objects? Based on a methodology rooted in the media semiotics, the anthropology of communication, and media studies, the objective is to analyze in a reflexive manner the tactics developed by the participants, and to identify the mutual contributions of communication and design to contribute to an ecology of the smartphone.Cette communication porte sur un atelier mené avec des étudiants en Licence pour rendre possible des usages alternatifs du smartphone par une approche éco-critique, dans le contexte d’un avenir proche aux ressources limitées. Comment envisager les usages d’un smartphone sans connexion par le design et le recours à la fiction ? Et dans quelles mesures les solutions alternatives proposées transforment-elles la relation aux objets numériques ? À partir d’une approche ancrée dans la sémiologie des médias, l’anthropologie de la communication et les études médiatiques, l’objectif est d’analyser de manière réflexive les tactiques développées par les participants, et de dégager les apports mutuels de la communication et du design pour contribuer à une écologie du smartphone
Consequences of corruption: determinants of public servants’ job satisfaction and performance
No full textInternational audienc
Leveraging online selling through social media influencers
No full textInternational audienceWhile prior research suggests that facial expression influences consumer behavior, it remains unclear under which conditions specific emotional expressions on social media drive sales performance and customer engagement. Drawing on the facial feedback hypothesis and the emotional congruence framework, two pre-registered experimental studies (N = 995) demonstrate that the fit between facial expressions (broad vs. slight smile) and endorsement type (hedonic vs. utilitarian) influence engagement and consumers' purchase intents. Findings indicate that broad (vs. slight) smiles are more likely to enhance consumer responses when paired with hedonic endorsements driven by emotional contagion. Conversely, slight smiles are equally suited for both types of endorsements and do not foster emotional contagion. The findings offer actionable insights for maximizing consumer engagement and purchase intents within social media marketing efforts.While prior research suggests that facial expression influences consumer behavior, it remains unclear under which conditions specific emotional expressions on social media drive sales performance and customer engagement. Drawing on the facial feedback hypothesis and the emotional congruence framework, two pre-registered experimental studies (N = 995) demonstrate that the fit between facial expressions (broad vs. slight smile) and endorsement type (hedonic vs. utilitarian) influence engagement and consumers’ purchase intents. Findings indicate that broad (vs. slight) smiles are more likely to enhance consumer responses when paired with hedonic endorsements driven by emotional contagion. Conversely, slight smiles are equally suited for both types of endorsements and do not foster emotional contagion. The findings offer actionable insights for maximizing consumer engagement and purchase intents within social media marketing efforts
Regulation and information costs of sovereign distress: Evidence from corporate lending markets
No full textInternational audienceWe examine the effect of sovereign credit impairments on the pricing of syndicated loans following rating downgrades in the borrowing firms' countries of domicile. We find that the sovereign ceiling policies used by credit rating agencies create a disproportionately adverse impact on the bounded firms' borrowing costs relative to other domestic firms following their sovereign's rating downgrade. Rating-based regulatory frictions partially explain our results. On the supply-side, loans carry a higher spread when granted from low-capital banks, non-bank lenders, and banks with high market power. We further document an operating demand-side channel, contingent on borrowers' size, financial constraints, and global diversification. Our results can be attributed to the relative bargaining power between lenders and borrowers: relationship borrowers and non-bank dependent borrowers with alternative financing sources are much less affected
Flying rebound: consequences of the imposed flying sufficiency during the COVID-19 pandemic
No full textInternational audiencePolitical measures during the COVID-19 pandemic forced consumers to cancel flights, resulting in significant decreases of their individual greenhouse gas emissions. This paper introduces the concept of imposed flying sufficiency and asks whether this could lead to a flying rebound. Imposed flying sufficiency describes that external factors, such as political measures during the pandemic, force consumers to reduce their flights. The term flying rebound refers to the gap between the emissions that could be potentially saved due to flying sufficiency and the actualized emissions savings due to adjusted flying behavior. A major contribution of this paper is combining the economic mechanisms with moral-psychological aspects of rebound effects in an experimental study. In a 2 (with/without economic hint) × 2 (with/without ecological hint) betweensubjects experimental study, this paper analyzes how the awareness of monetary savings and the awareness of ecological econsequences affect consumers' flying intentions. The study reveals an interaction effect of these two aspects: While awareness of the monetary savings will increase flying intentions, awareness of the ecological consequences will buffer this effect. Furthermore, the degree to which consumers feel flight shame, strongly moderates the economic and ecological hints' impact. Finally, the paper provides implications for managers and policymakers
Conflits dans l'encadrement des conflits : Le cas de l'investissement communautaire dans une société minière en République démocratique du Congo
No full textInternational audienceConflict in firm–community relations is widespread and persistent. Diverse cultures and mindsets, particularly among extractives companies and local communities, pose a particularly challenging environment. Previous research offers insights into how to categorise and resolve conflicts. However, this paper addresses conflicts where the actors involved disagree on the frame of the conflict, thereby rendering the associated solutions inappropriate for one or both of the parties involved. We use examples from the Social Community Fund of a mining firm in the DRC to nuance previous work on conflict frames and develop a revised model that has implications for theory and practice