Economic and Business Review (EBR)
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An Integrative Framework for Coopetition-Based Scenarios
No full textThe interplay of cooperation and competition (“coopetition”) in supply chains is well studied. However, little is known about the established and evolving scenarios that exist among supply-chain actors in the presence of coopetition. The paper draws on the resource-based view and game-theoretic reasoning to develop an integrative framework with two aims. First, to classify coopetition-based scenarios with varying levels of complementarity and lastingness and to enhance the analysis of the scenarios. Second, as theoretically argued and demonstrated with a focus group discussion, the framework is developed to assist supply chain actors in strategically managing coopetition—by identifying a particular scenario and adjusting their resources and capability structuring, bundling, and leveraging accordingly
Risk Management in MNEs during Global Crises: Subsidiary Control or Autonomy?
No full textTensions between control and autonomy in multinational enterprises (MNEs) have attracted considerable academic interest, which has been additionally fuelled by multiple crises following the 2008 global recession. These have intensified the exploration of interentity relationships within MNEs and their implications for risk and crisis management and resilience. Our study examines how the autonomy of subsidiaries in a risky Central and Eastern European market (Slovenia) influences risk and crisis management strategies as well as resilience of subsidiaries in the midst of global crises such as the Covid-19 pandemic and war in Ukraine. We analyse the performance of foreign subsidiaries during these two crises (2019–2022) with a particular focus on the impact of centralisation tendencies in the home country of the MNE’s headquarters on subsidiaries’ growth as well as their risk and crisis management responses. The results demonstrate above-average performance of foreign-owned subsidiaries, highlight the role of subsidiary autonomy in risk and crisis management, and show how multinationals prioritise the value creation of subsidiaries in emerging markets by granting them greater autonomy in times of crises
Implementing the Single Supervisory Mechanism in the Euro Area: Effects on Deposit Structure of Banks
No full textIn this paper we investigate whether the banks which fall under direct supervision by the European Central Bank (ECB) are more likely to be considered more stable and trustworthy by the depositors due to the stricter supervisory activities performed since the implementation of the Single Supervisory Mechanism (SSM). Under the SSM, significant banks switched from national supervisors to ECB, whereas the remaining banks remained under national supervisory authorities (NSAs). Using the difference-in-difference (DID) method, we have found evidence of increased depositors’ trust in significant banks after the SSM implementation. Additionally, in anticipation of the SSM launch and the comprehensive assessment, we have found evidence of increased depositors’ trust in the banks which were expected to be supervised by the ECB
Effects of Neuroticism–Anxiety and Sociability Personality Traits on the Relationship Between Testosterone and Risk Propensity in Finance
No full textRisky financial decisions, defined as rational calculations between expected risk and reward, are subject to various psychological and neurobiological mechanisms. In this context, the relationship between testosterone levels and risk propensity has been investigated, but the results are inconsistent. Here, the effects of some personality traits, neuroticism–anxiety and sociability, on the relationship between testosterone levels and risk propensity were examined in decisions under risk (GDT) and under uncertainty (BART). In a mixed-sex sample of 100 graduate students and experienced decision makers, we found that basal testosterone levels were positively correlated with risk propensity for decisions under risk in males with low neuroticism–anxiety scores, whereas they were negatively correlated with risk propensity for decisions under risk in males with high neuroticism–anxiety scores. However, they were not correlated in i) decisions under uncertainty in males, independent of neuroticism–anxiety, ii) decisions under risk or under uncertainty in males, independent of sociability, and iii) decisions under risk or under uncertainty in females, independent of sociability and neuroticism–anxiety. These results indicate that neuroticism–anxiety, but not sociability, may affect the relationship between testosterone levels and risk propensity only in decisions under risk and only in males, and provide evidence for the complexity of this relationship in males
Revisiting the Nexus Between Job Insecurity and Employee Task Performance: Examining the Influence of Self-Efficacy and Emotional Intelligence in a Mediation–Moderation Model
No full textThe objective of this study was to examine the relationship between perceived job insecurity and employee task performance. In addition, the moderating influence of emotional intelligence and mediating influence of self-efficacy was examined in this relationship. Through the multi-stage sampling technique, a total of 385 employees were proportionately selected from a cluster that represents three selected Nigerian deposit money banks. Furthermore, a close-ended and structured questionnaire was utilized in a descriptive cross-sectional research design to elicit responses from these employees. A hierarchical moderated regression analysis conducted revealed that perceived job insecurity exercises a significant and negative effect on task performance. In addition, this relationship was found to be moderated by emotional intelligence in such a way that the negative relationship between job insecurity and task performance was weaker among respondents who reported a higher level of emotional intelligence. Similarly, self-efficacy was also found to mediate this moderated relationship in such a way that it acts as the underlying mechanism through which emotional intelligence exercises its moderating influence. To conclude, recommendations were made on the need for organizations to recognize the importance of emotional intelligence whenever there is need to maintain a superior level of employee performance, especially in a working environment characterized by a high level of job uncertainty. In addition, it was recommended that while making use of emotional intelligence in attenuating the negative effect of perceived job insecurity on task performance, organizations may derive optimal benefit by focusing on the indirect relationship that highlights self-efficacy as a mediator as opposed to focusing on the direct relationship between these two variables
Engaging with Geopolitical Uncertainty: Discursive Riskwork and Western MNEs’ Divestment Announcements at the Onset of the Ukraine War
No full textThis paper studies the geopolitical riskwork practices employed by Western multinational enterprises (MNEs) in response to the Russian invasion of Ukraine, focusing specifically on divestment announcements. Using a discursive riskwork framework, the study analyses how Western MNEs articulate and legitimize their divestment decisions in a novel geopolitical context. The findings reveal that Western MNEs align their corporate actions with emerging liberal geopolitical norms and values, thereby rhetorically establishing their role as responsible geopolitical actors. The paper advances the discourse-oriented study of international business phenomena, the study of geopolitical risk management beyond adherence to sanctions and reputation management, the concept of riskwork, and the empirical studies of divestment announcements
Change Is in the Minds of the Beholders: A Sociocognitive Comparison of Crisis Perceptions and Change Predictions: Insights From China, New Zealand, and Slovenia
No full textInspired by research on the geography of thought within social psychology, we present a cross-cultural comparative study of sociocognitive patterns between China, New Zealand, and Slovenia. We study COVID-19 risk perceptions and also explore predictions of economic trends under four specific economic scenarios. Our results show that the East-versus-West demarcation in terms of cultural boundaries is useful but insufficient to understand culturally driven predictions of economic trends. In times of economic downturn, such as the one caused by the recent COVID-19 pandemic, there seem to be universal tendencies towards pessimism. However, significant differences emerge in times of economic growth. Hence, while general human nature comes into play in times of economic adversity, greater differences in terms of geography of thought appear in times of economic expansion. For example, while Slovenians and the Chinese are similarly optimistic about economic expansion, New Zealanders seem to be more cautious in assuming the continuation of existing economic expansion. The study also reveals nuances in risk perception, with Slovenians more likely to see the pandemic as an opportunity compared to the Chinese and New Zealanders. Our findings offer valuable insights for policymakers in risk management, particularly in promoting economic resilience
Firm-Level, Macroeconomic, and Institutional Determinants of Firm Growth: Evidence From Europe
No full textTo examine the main drivers of firm growth, we estimated a model integrating firm-level, industry-specific as well as country-level determinants, aiming at a comprehensive explanation of firm growth. We used a large dataset of European firms for the 2005–2017 period and combined Amadeus firm-level data with macroeconomic variables and multidimensional measures of institutional framework, based on a range of sources. Using different panel regression model specifications, we found the most consistent relationships for firm-level determinants. Among country-level determinants, infrastructure quality, inward FDI, natural resources, and inequality show a consistently positive and significant relation with firm growth
Thriving at Work: State of the Art and Looking Towards to Enhanced Employee Well-Being in the Future
No full textGrowing recognition of the importance of employee well-being and sustainable work environments has seen research on employee thriving flourish in recent years. Thriving is facilitated by a sense of learning and vitality, contributing significantly to employee development and well-being. The paper offers a comprehensive overview of the past, present, and future of research on thriving at work using bibliometric techniques. The in-depth literature review employs document citation analysis, bibliographic coupling, and thematic mapping, utilising data from the Web of Science database to present an inclusive overview of existing literature. A meticulous review led us to identify research streams, existing gaps, and potential areas for future exploration in the study of thriving at work. We outline key research trends and gaps, suggesting future research directions from various theoretical and contextual perspectives. Our contribution to the thriving literature is grounded in the use of bibliometric methods to ensure objectivity and detail in the review process. We also offer detailed future research propositions along with practical implications aimed at benefiting both scholars and the wider community by shaping the future of a sustainable workforce