Organizations and Markets in Emerging Economies
Not a member yet
310 research outputs found
Sort by
State Ownership and Firm Performance: Evidence From the Chinese Listed Firms
Get PDFBased on a sample of Chinese listed firms, this paper seeks to understand the role of state ownership on firm performance (accounting-based returns) and firm value (market-based indicators). Results show that state ownership is positively associated with firm performance. In addition, state ownership has a moderating effect on the association between firm performance and firm value. At low levels of state ownership, firm performance is negatively associated with firm value. However, at high levels of state ownership, the association becomes positive. Drawing on signaling theory, the study helps to understand the role of state ownership in the association between firm performance and firm value, an area that has received minimum attention in research.Specifically, state ownership may be a strategic asset for Chinese listed firms boosting accounting returns but perceived differently by the market.Given the current levels of state ownership in many transitional economies, this study sheds light for policy makers on the effects of high or low levels of state ownership on firm performance and value. Moreover, the study may assist would-be investors who may contemplate investing in privatized SOEs, in China or other countries with similar institutional arrangements
Understanding Proactive Behaviours and Career Success: Evidence From an Emerging Economy
Get PDFThis article explores the relationship between proactive career behaviours and both objective and subjective career success. The study was conducted on a sample of managers within the public sector of an emerging economy (Malaysia). A sample of 288 managers reported on their proactive career behaviours and career success. Results show that managers who engage in individual career management and networking behaviours report more subjective career success. Networking is positively related to both objective and subjective career success. We discuss the implications for managers\u27 career in emerging economies. 
Sovereign Credit Rating Announcements and Baltic Stock Markets
Get PDFThis study examines whether sovereign credit rating announcements convey price relevant information to investors in Baltic stock markets, and tests the degree of anticipation and price reaction. Event study methodology is employed to test for the price impact of sovereign credit rating announcements by Moody’s, S&P, and Fitch. This enables to analyse whether there is an anticipation of the forthcoming announcement in a particular market, a price impact on the announcement day, and a possible delayed reaction. Results indicate that there is an asymmetric reaction: the price impact of negative events is several times larger than that of positive events. Moreover, although some types of rating announcements are anticipated, there is still a significant price impact on the announcement day. The impact differs across the three Baltic stock markets, and depends on the credit rating agency issuing the announcement. The main conclusion is that sovereign credit rating announcements contain pricing relevant news in addition to information already in a public domain
Antecedents and Consequences of Status Consumption Among Urban Vietnamese Consumers
Get PDFThis study examines the antecedents and consequences of status consumption in the transitional economy of Vietnam. Both qualitative (focus groups and in-depth interviews) and quantitative methods (survey) were employed in this investigation. To test the proposed model and hypotheses, a large consumer survey was conducted in the two biggest cities in Vietnam. The results of Structural Equation Modeling provided empirical evidence for the significant impact of most of the proposed antecedents of status consumption. Specifically, modern status orientation, the ‘success’ component of materialism, and both the individualistic self and collectivistic self were found to have a positive impact on status consumption. Traditional status orientation and consumer ethnocentrism were found to be negatively related to status consumption. The findings also suggested the positive consequences of status consumption on satisfaction with status consumption and satisfaction with life in general. Discussion of the research findings and managerial implications are also provided
Assessing Social Capital for Organisational Performance: Initial Exploratory Insights From Ghana
Get PDFSocial Capital is a concept that describes good quality social relations that can lead to mutual benefit. The fundamental proposition of social capital theory is that networks of relationships grant access to resources, especially information benefits not available to non-members of the network. This study assessed the functions of social capital within Ghanaian organizations, described the patterns and determinants of social capital use within organizations and explored how social capital contributes to firm performance using a sample frame of firms listed in the Ghana Club 100. A questionnaire field survey supplemented by personal interviews was chosen as the most appropriate design for this investigation. Employees were sampled across the organizational hierarchy based on their responsibilities held, positions, type of relationship held with others within the organisation. Data was also collected on the demographic characteristics and organisational dynamics. The results showed that social capital is critical to knowledge sharing in the Ghanaian organization; that it helps to get things done and helps in the attainment of organisational objectives. The findings also suggested that three determinate variables of social capital: reciprocity, trust and institutional ties, have the most significant positive relationship with organisational performance. In view of that, the study recommends that firms take a proactive approach towards promoting, building and maintaining viable social networks within their structures in order to derive maximum benefit from it
Strategic Management in Emerging Economies: a Research Agenda
Get PDFThe fragility of the global economy has been evidenced extensively over the past few years. The rapidity at which change can impact worldwide economies has invigorated a major concern in emerging economies. That concern is one of how to play the game when the rules of the game are changing and not completely known. The intent of this research agenda is to fuse early ideas in emerging markets with more recent research from a wide variety of scholars so as to develop a 21st century research agenda for emerging economies. This research agenda offers 20 broad research questions within the emerging economies context, with a major focus on challenges, institutional voids, and growth strategies
Knowledge Management in Transition Economies: Selected Key Issues and Possible Research Avenues
Get PDFMost of the existing literature on knowledge and knowledge management has a Western or Japanese origin. While this literature provides important insights and findings, these may not necessarily be successfully replicable in other contexts and may lose some of their relevance when applied there. Such and similar observations have given a rise to a substantial number of knowledge management studies conducted in non-Western settings, among those transition economies. We highlight three particular challenges to the knowledge management literature in transition economies: moving beyond the extension of existing knowledge to instead developing contextualized and distinct knowledge; shifting from studying unidirectional knowledge transfer to examining multidirectional knowledge flows; and changing emphasis from studying knowledge transfer to studying knowledge creation
Technology Capability and the Internationalization Strategies of New Ventures
Get PDFThis study investigates the impact of technological capability and the combination of technological capability, networking capability and financial capital on growth strategies adopted by new ventures in China. Technological capability needs leveraging through the process of combining with other capabilities. The results show that the interaction between technological capability and networking capability increases the possibility that a new venture chooses an internationalisation strategy. Technology capability provides a base to allow networks to have a positive impact on internationalisation strategies. The findings from the study provide a better understanding of technology capability and its impact on internationalisation strategies. This study also generates some important implications for high-tech new ventures in emerging economies
Empowerment: a Necessary Attribute of a Learning Organization?
Get PDFPurpose: The purpose of this paper is to study the role of empowerment in a learning organization. This research tries to explore whether empowerment is a necessary attribute for organizations to enhance their learning capability or not. It attempts to address two fundamental questions:• What is the role of empowerment in an organization’s learning capability?• Is empowerment an essential attribute of a learning organization?Methodology: The study adopted a mixed method of research design, which includes both qualitative and quantitative methods of data collection and analysis. The quantitative survey comprised of two questionnaires was used to survey 213 executives from various IT organizations. Interviews were also conducted with executives of two case organizations where in-depth study was conducted. Qualitative data was analyzed using the grounded theory methodology.Findings: The findings indicate that only the decision making dimension of empowerment has emerged as a significant predictor of organizational learning, not the power sharing and people valuing dimensions. Further, no difference is observed in high and low learning organizations on their empowerment pattern.Research Limitations/Implications: The sample organizations were from one geographical location (National Capital Region) of India and the study was conducted in the IT sector only. Future studies may investigate this further in different regions and sectors
Clusters and Upgrading: a Purposeful Approach
Get PDFWe develop a theoretical model to investigate how backward societies can improve their upgrading capabilities by transforming existing industrial agglomerations into dynamic clusters. Our main assumptions are two: first, emerging market economies are not uniform but characterized by variety of subnational regional and sectoral organizational and institutional configurations; second, the basic building block and unit of explanation in social sciences is personal action guided by some intention, which is heterogeneous across different actors. Based on these assumptions and the literature on human motives and social networks, we develop a purposeful approach to clusters and upgrading. We argue that governments can develop institutions with private actors that facilitate new types of relationships and improve the access local firms have to a variety of knowledge resources, a key ingredient to upgrading. We illustrate this argument revisiting the literature on clusters and upgrading in Latin America and using two case studies in Argentina, a country better known for its volatility and lack of optimal social capital and institutions. We conclude with avenues for further research