Organizations and Markets in Emerging Economies
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Improving Job Performance in the State Sector by Public Service Motivation and Job–Person Fit toward Sustainable Development
Get PDFJob performance in the state sector is essential for the sustainable development of an economy. However, previous studies on the relationship among public service motivation (PSM), person–job fit (PJF), and job performance have yielded inconsistent results. Therefore, this study aims to explore the correlations between PSM, PJF, and job performance, with a particular focus on the state sector. After an extensive literature review, this study utilized quantitative methods to examine the correlation between PSM, PJF, and job performance. The data were analyzed employing Structural Equation Modeling (SEM), utilizing a sample of 263 participants who work at social insurance agencies, which are the state public organizations that serve employees for social insurance and health insurance. Preliminary results indicate that PSM positively influences both in-role job performance and extra-role job performance within the state sector. Moreover, the results also indicate the mediating role of PJF in the correlation between PSM, in-role job performance and extra-role job performance. The research contributions provide theoretical evidence that PSM is one of the key factors in increasing job performance in the state sector. In addition, the practical implications are discussed to assist managers in improving job performance for the country’s sustainable development
Volatility Dynamics of Base Metal Futures: Empirical Evidence from an Emerging Economy
Get PDFThe paper examines the leverage effects and the spillover effects in the base metal cash and futures market. The study also attempts to find the trend and the pattern of volatility clustering in the base metal markets of India. Further, the significance of the risk premium and the possible downside risk of the market are also examined. The study confirms that unlike aluminium futures market, leverage effect is found for copper futures traded at MCX, India. Similar to aluminium, it is evident that the market advances generate larger volatility than the market turbulence in the cash and futures market of nickel. The study finds that the variance term (ξ) is not statistically significant for both cash and futures markets, which indicates that the risk premium of the asset is not significant to hedge. Further, unlike copper and aluminium, short-run volatility spillover is absent from the futures to the cash market of nickel. The paper concludes that the long-run volatility shock of futures has a persistent effect on the cash market of aluminium, copper and nickel and vice-versa. Future research might address the cross-volatility spillover between the base metal futures market. Further, the spillover between the Indian and London base metal futures markets is left for future research
Fostering Inclusion in Digital Marketplace: Vistas into the Online Shopping Experiences of Consumers with Visual Impairment in India
Get PDFOnline shopping has become increasingly prevalent in recent years, overshadowing traditional brick-and-mortar shopping. Research has tried to understand the online shopping experiences of various consumers. However, the online shopping experiences of consumers with visual impairment (CWV) gained less attention. This study captures the online shopping experiences of CWV by employing a phenomenological qualitative approach. Data was collected from CWV through semi-structured interviews. The sample size of this study was fifteen, and data was analyzed using NVivo14. The findings indicate a growing preference for online shopping among the CWV. The results explore the accessibility-related issues encountered by CWV and strategies employed to overcome them. Additionally, the paper underscores the benefits of independence and the impact of online shopping on the personal growth and well-being of CWV. The study provides insights to marketers to foster inclusion in the digital marketplace. This study helps marketers and other stakeholders to understand the online shopping experiences of CWV and ensures consumer well-being and inclusion
Voluntary Disclosures and their Drivers: A Study of MDA Reports in India
Get PDFThe aim of this study is to examine the impact of corporate characteristics on voluntary disclosures of management discussion and analysis (MD&A) reports in India. Using a formal tone, the data was extracted from the annual reports of the top 100 listed firms available on the CMIE Prowess database for seven years (2016–2022). After excluding 23 companies from the financial and insurance sector, a panel regression method with the assistance of Gretl software was employed to investigate the relationship between the Management Discussion and Analysis Disclosure Index (MDADI) for voluntary aspects and various corporate attributes, with a total of 490 firm years of balanced observations. In India, firms follow the mandatory compliance of the MD&A reports, but voluntary disclosures are somehow those which are not much emphasized but are a good indication of firm performance and their accountability towards their stakeholders (Mayew et al., 2015). Our empirical findings reveal that profitability as a proxy to firm performance has a significant positive relationship with MD&A voluntary disclosures. Further, an insignificant association between VDS (Voluntary Disclosure Score) and the board size, presence of independent directors and firm size was found. This indicates that firm performance plays a significant role in adding more voluntary disclosures in MD&A reports. The possible reason for this could be the use of “Management Impression Strategy” in the MD&A reports, which means managers disclose more only when the firm has earned more and use impressive language to attract stakeholders. The outcomes of this research offer valuable insights for regulators, policymakers, and listed companies in India, aiding in the enhancement of MD&A reporting quality. Additionally, this study provides a roadmap for future research on MD&A reporting quality and corporate attributes in other emerging countries that have similar regulatory frameworks. This paper makes a timely and pertinent contribution to the scholarly discourse by shedding light on the relationship between MD&A disclosures and firm attributes. Its findings provide valuable insights for both academia and industry
Relationship Between Environmental Concern, Green Perceived Value and Green Purchase Behaviour: The Moderating Role of Price Consciousness
Get PDFGrowing environmental concerns influence consumer buying decisions and behaviours. This study investigates the factors that affect the green purchase behaviours of Generation Z consumers in Vietnam. Employing the value–attitude–behaviour (VAB) framework, the study examines the intricacies of green consumption behaviour. Study data were collected through an online questionnaire from 283 young Vietnamese consumers who frequently purchase green products. We performed the quantitative analysis by the partial least squares structural equation modelling (PLS-SEM) and found that price consciousness and attitude towards green products directly influence green purchase behaviour. Environmental concern and green perceived value indirectly influence green purchase behaviour through consumer attitude. Furthermore, the influence of price consciousness enhances the relationship between attitude and green purchase behaviour. These findings provide valuable implications for managers aiming to attract young, environmentally conscious consumers and promote green consumption behaviours
Mapping the Evolution of Sustainable Capitalism: A Bibliometric Analysis of Scholarly Trends and Influential Works
Get PDFThe need to address global concerns has led to an increase in the significance of sustainable capitalism, which is located at the intersection of economics, business, and environmental studies. This study aims to delve into the theoretic evolution and academic structure of the relationship between sustainability and capitalism, by employing a bibliometric analysis. Relying on 687 documents, sourced from the Scopus database, this paper provides a thorough overview of the evolution of sustainable capitalism, highlighting significant turning points, essential themes, and new research directions. VOS-Viewer and R-Studio were used for implementing the techniques of citation, co-citation, and keyword analysis. The findings from the study have implications for multiple stakeholders. While the analysis could help researchers have a better understanding of the field and explore future research agendas, it can push the corporate houses to take necessary remedial actions for their past capitalist behavior. The study will also be beneficial for developing countries to understand the pressing issue of environmental damage and come up with cheaper yet effective ways to implement circular models of the economy
The Impact of Economic Freedom and International Tourism on International Trade: An Empirical Study in Asian Countries
Get PDFThe objective of this study is to analyze the impact of economic freedom and the development of international tourism on international trade, encompassing exports, imports, and total trade. The research sample includes 22 Asian countries over the period from 1995 to 2020. The study employs the System Generalized Method of Moments (GMM) for estimating the research models. Results indicate that economic freedom, business freedom, and trade freedom play a crucial role in international trade activities (both exports and imports). Furthermore, the development of international tourism also demonstrates a significantly positive impact on trade (both exports and imports). The study suggests that policies towards economic openness, increasing economic freedom, business freedom, and trade freedom should be carefully considered and promoted within the trade development strategies of nations. Additionally, economic policies should also focus on solutions to attract international tourists not only as a source of foreign currency but also as a support to foster the development of trade
Unraveling the Loan Growth Threshold Effect on Non-Performing Loans During Total Dollarization in Zimbabwe
Get PDFThe availability of bank loans is a vital component in determining the investment and spending patterns that influence economic growth. This article examines the threshold effect of loan growth on non-performing loans (NPLs) in the Zimbabwean banking industry during dollarization. The study employed panel threshold regression models developed by Seo et al. (2019) and Kremer et al. (2013) on a panel of thirteen banks from 2009 to 2017. The study revealed that locally owned banks held a higher percentage of NPLs (12.7%) than foreign-owned banks (6.1%) during the period under study. The study also documents a loan growth threshold level of 38%. On average, the industry lends excessively, as demonstrated by the 48% loan growth rate. Primarily, local banks dominate this rate by lending above the threshold compared to foreign banks. The study observed that, below and above the threshold, loan growth exerts a negative and significant effect on NPLs. Based on the results, it can be recommended that banks should devise strategies to maintain a steady loan growth rate, enhance profitability, and effectively monitor liquidity risk exposure. The findings provide insights into reviewing bank credit policies and prudential guidelines