Organizations and Markets in Emerging Economies
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Empowering Women Entrepreneurs in Emerging Economies: a Conceptual Model
Get PDFCyberfeminism is a woman-centered perspective that advocates women’s use of new information and communications technologies for empowerment. This paper explores the role of information technologies, in particular the role of social media, in empowering women entrepreneurship in emerging economies via increased social capital and improved self-efficacy. A conceptual model is offered and propositions are explicated
The Accounting Profession’s Role in Corporate Governance in Frontier Markets: a Research Agenda
Get PDFAccountants, and especially auditors, play an essential role in financial reporting of public and private firms. Stakeholders of companies in frontier markets rely on financial reports to assist with uncertainty avoidance. Yet, the rules of the game are evolving and not well known. If firms, financial institutions and individuals are to invest and commit resources within frontier nations, there has to be confidence in the accuracy of financial information. The research ideas generated herein fuse early work on corporate governance with more recent research from a variety of emerging market scholars to develop an agenda for accounting and governance research in frontier markets. It is our belief that the accounting profession will have to take a lead role in creating the standards needed to deal with issues unique to frontier nations and to create the transparency necessary to help stakeholders evaluate risk
The Influence of Children on Family Purchasing in Lithuania and Azerbaijan
Get PDFIn the context of marketing, children are considered to be increasingly important influencers of parents’ purchasing decisions. However, their influence varies depending on the products and cultures, and many particularities of this phenomenon remain under-researched. This is especially true in regard to the countries that are categorized as “emerging economies”. Some of them still do not have reliable measurements of their cultural dimensions, and this increases difficulties in performing comparative analysis there. On the other hand, these countries offer a broad and important scene for child influence studies.
This study concentrates on analysis and comparisons of children’s influence on parental purchase decision-making in Lithuania and Azerbaijan. These countries are different in, at least, two Hofstede’s cultural dimensions that are important in family decision-making: individualism and uncertainty avoidance. Also, the study contributes to the existing research by using a product use-related categorization of product groups.
Such an approach reveals significant difference in terms of how children exert their influence on purchasing services versus tangible products for the family use. Interesting differences between the countries in terms of children’s influence on purchasing products for their personal use also opens a new scene for future studies that might consider a similar product categorization approach
Family Business Transgenerational Continuity in Transition Economies: Towards a Conceptual Model
No full textWithin classification of emerging economies, Lithuania as part of the former Soviet Union belongs to the group of transition economies. In this paper, we discuss how theorizing leadership succession may contribute to the key strategic questions of succession arising among family businesses in transition economies. The purpose of this study is to revisit the phenomenon of family business succession and linkages among the goals of succession and performance measures of family business. Our study aims at providing three contributions to the current literature. First, it highlights the role of transgenerational continuity of family businesses in transition economies. Second, it revisits the concept of succession through identification of the third – leadership – dimension alongside management and succession. Third, it provides a conceptual model of family business succession outcome measurement and implications for further research
Self-monitoring, Cultural Training and Prior International Work Experience as Predictors of Cultural Intelligence - a Study of Indian Expatriates
Get PDFThe present study examined the role of self-monitoring, expatriate training, and prior international work experience on the cultural intelligence of expatriates. The data was collected from 223 Indian expatriates through a questionnaire survey. The results of data analysis indicated that self-monitoring has a significant impact on the cultural intelligence of the expatriates. Further analysis was done to examine the effect of these independent variables on individual dimensions of cultural intelligence. The findings signify that self-monitoring has a significant effect on all the three cultural dimensions, namely, cognitive, emotional/motivational and behavioral, and that expatriate training has a significant impact on the emotional/motivational dimension, but not on the other two. Prior international work experience was found not to have a significant effect on cultural intelligence and its dimensions. These findings provide significant insights into organizations for selecting and training the expatriates leading to their effective adjustment and performance in a different culture context. This paper contributes to expatriate management literature highlighting the effect of personality variables along with expatriate training. Further, it is a contribution to the research in cultural intelligence which is a relatively nascent area of research
Time-series Models Forecasting Performance in the Baltic Stock Market
Get PDFContradicting evidence on time-series and financial analysts’ forecasting performance calls for further research in emerging markets. Motivation to use time-series models rather than analysts’ forecasts stems from recent research that reports time-series predictions to be superior to analysts’ forecasts in predicting earnings for longer periods and for small firms that are hardly followed by financial analysts, especially in emerging markets. The paper aims to explore time-series models performance in forecasting quarterly earnings for Baltic Firms in 2000-2009. The paper uses simple and seasonal random walk models with and without drift, Foster’s, Brown-Rozeff’s and Griffin-Watts’ models to forecast quarterly earnings. It also employs the firm-specific Box-Jenkins methodology to perform time-series analysis for individual firms. Forecasting performance of selected models is compared on the basis of goodness-of-fit statistics. The paper finds that naive time-series models outperform premier ARIMA family models in terms of mean percentage errors and average ranks. The findings suggest that investors use naive models to form their expectations
On Future Pensions From the Second Pillar Pension Funds
Get PDFThe main focus of this paper lies in the possibility for particular second pillar pension funds participants to get a higher pension, compared with non-participants. These particular participants are the employees with average wages and average employment history. This analysis is of main importance when it comes to the decision to participate in the second pillar or not. Unit roots tests and cointegration analysis are used as the possible tools to investigate the dynamics of retirement income for participants and non-participants. This research has the intention to determine the conditions when replacement from the second pillar will offset the loss from pay-as-you-go system
Determinants of Banks’ Profitability in a Developing Economy: Evidence From Nigeria
Get PDFThe unimpressive banks’ performance in Nigeria over the last decade has remained a source of concern for all and sundry. This study investigates the effects of bank capital, bank size, expense management, interest income and the economic condition on banks’ profitability in Nigeria. The fixed effects regression model was employed on a panel data obtained from the financial statements of 20 banks from 2006 to 2012. The results indicate that improved bank capital and interest income, as well as efficient expenses management and favourable economic condition, contribute to higher banks’ performance and growth in Nigeria. Thus, government policies in the banking system must encourage banks to regularly raise their capital and provide the enabling environment that will accelerate economic growth in the country. Bank management must efficiently manage their portfolios in order to protect the long run interest of profit-making