Effect Of Long-term Orientation Research Articles

The Effect of Long-Term Orientation, Power Distance, and Uncertainty Avoidance on Youth Entrepreneurial Orientation in Bandar Lampung

The Effect of Long-Term Orientation, Power Distance, and Uncertainty Avoidance on Youth Entrepreneurial Orientation in Bandar Lampung

Entrepreneurial orientation in family firms: the effects of long-term orientation

PurposeThis paper aims to shed light on the relationship between long-term orientation (LTO) and the dimensions of entrepreneurial orientation (EO) in family firms while adopting a stewardship perspective.Design/methodology/approachA survey of the top managers of family firms in Iran's science and technology parks was conducted, and partial least squares structural equation modeling (PLS-SEM) was used to analyze the collected data.FindingsThe research results showed that LTO has a positive effect on innovativeness and proactiveness and a negative effect on riskiness. Therefore, family firms' LTO pays off by enhancing their EO.Practical implicationsIn today's competitive world, EO is gradually becoming an inevitable necessity in many industries. Executives who want their firms to have a high level of performance should pay special attention to entrepreneurial behaviors. The present research informs the family firms' managers and practitioners to be long-term oriented to embrace more innovativeness and proactiveness, and less riskiness.Originality/valueSo far, the relationship between the LTO and entrepreneurial characteristics of family firms has remained ambiguous; this research is one of the first studies investigating this relationship.

The impact of heuristic biases on investors’ investment decision in Pakistan stock market: moderating role of long term orientation

PurposeThe purpose of this paper is to investigate the effect of heuristic biases, namely, availability bias and representativeness bias on investors’ investment decisions in the Pakistan stock exchange, as well as the moderating role of long-term orientation.Design/methodology/approachUsing a structured questionnaire, a total of 374 responses have been collected from individual investors trading in PSX. The relationship was tested by applying the partial least square structural equation model using SmartPLS 3.2.2. Further, Henseler and Chin’s (2010) product indicator approach for moderation analysis was applied to the data set.FindingsThe results revealed that availability bias and representativeness bias have a significant and positive influence on the investment decisions of investors. Furthermore, a significant moderating effect of long term orientation on the effect of representativeness bias on investment decision is observed. This suggests that investors’ long term orientation weaken the effect of representativeness bias on investment decision. However, no significant moderating effect was observed for availability bias.Originality/valueThe paper provides novel insights on the role of heuristic-driven biases on the investment decisions of individual investors in the stock market. Particularly, it enhanced the understanding of behavioral aspects of investment decision-making in an emerging market.

장기지향성에 대한 시장반응과 소유지배괴리도

장기지향성에 대한 시장반응과 소유지배괴리도

A study on the effect of long-term orientation and risk propensity on resilience

PurposeResilience is the ability to recover and once again adapt former behaviours that have characterized an individual, prior to the period of disruption. It requires various qualities, resources and power to recover immediately after a traumatic event and is found related to a number of variables and concepts. The purpose of the study is to examine the relationship of long-term orientation and risk propensity on resilience using structural equation modelling (SEM).Design/methodology/approachR Program was used to perform SEM on the data collected online from 357 samples using three standardized questionnaires to measure long-term orientation, risk propensity and resilience.FindingsIt was found that long-term orientation and its factors, respect for tradition and planning, were having a positive relationship with resilience. No relationship was found between risk propensity and resilience.Originality/valueA fair review of literature has found that no previous studies have examined the relationship between long-term orientation and risk propensity on resilience. The present study is a modest effort towards this direction. The findings are indeed significant and contribute substantially to literature.

The implications of national and regional long-term orientation on entrepreneurial activity

PurposeThe purpose of this paper is to investigate the relationship between culture and entrepreneurial activity at both the national and regional levels of analyses. While there has been significant progress in investigating the effects of culture on entrepreneurial activity, most work overlooks the effects that time-orientation may have on national or regional entrepreneurial activity. Specifically, this study argues for the connection between long-term orientation (LTO) and subsequent levels of entrepreneurship such that the more a nation or region is long-term oriented, the higher the subsequent entrepreneurial activity will be.Design/methodology/approachData from the World Value Survey (WVS), which is a global project that measures individuals’ values across 62 countries (World Value Survey, 2011), were used for this project. The final sample consisted of 36,652 individual observations across 29 nations and 262 regions and was analyzed using ecological factor analyses and multilevel modeling.FindingsThe findings suggest that LTO as a cultural dimension does influence entrepreneurship activity levels. The findings also suggest that the effects of LTO at the regional and national levels vary widely. Specifically, the authors find LTO to be positively related to entrepreneurship at the regional, but not national, level of analysis.Originality/valueThe findings reveal important nuances about the implications that the understudied cultural factor of LTO has on entrepreneurial activity across multiple levels of analysis.

The Effect of Long-term Orientation on Market Responses

본 연구는 기업의 장기지향성(long-term orientation)이 자본시장에서 어떻게 평가되는지를 실증분석 한다. 기업의 장기지향성은 지속가능성 측면에서 전략의 효과성에 초점을 두는 성향으로, 장기지향적인 기업은 협력기업 간의 관계 구축에 관심이 많거나 연구개발 투자를 많이 한다. 장기지향성은 기업이 추구하는 안정적이고 지속적인 성장과 연관성이 있지만, 실제 의사결정 시에는 많은 경우에 주어진 경영환경으로 인하여 단기지향성을 보이기도 한다. 이러한 면에서 장기지향성이 시장에서 어떻게 평가될지는 실증분석의 대상이라고 할 수 있다.BR 본 연구의 결과를 다음과 같다. 첫째 4가지 방식으로 측정한 장기지향성은 기업가치와 양(+)의 상관성을 나타냈다. 또한 당기 장기지향성과 차기 기업가치 간에도 양(+)의 관계를 보여주었다. 따라서 장기지향성은 자본시장에서 평균적으로는 긍정적으로 평가된다고 해석할 수 있다. 둘째 장기지향성의 시장평가는 구조적으로 변화된 양상을 보이는데 그 이유는 한국채택국제회계기준 도입의 효과로 판단된다. 한국채택국제회계기준은 회계정보의 신뢰성을 증대시키므로 특히 회계적으로 측정한 설비투자관점과 연구개발관점의 장기지향성이 한국채택국제회계기준 도입 후에 자본시장에서 더 긍정적으로 평가되는 결과를 보여주었다.BR 본 연구는 장기지향성이 자본시장에서 평가됨을 기업가치와 연계하여 직접적으로 실증분석하고, 장기지향성의 자본시장 평가에 있어서 시차가 존재할 수 있음을 보여준다는 점에서 선행연구와 차별성을 가진다. 장기지향성은 기업이 추구하는 속성이지만 정보비대칭의 위험성이 존재하기 때문에 시장에서 장기지향성에 대하여 즉각적으로 반응함과 동시에 시차를 두고 추가적으로 기업가치에 반영한다고 판단된다. 또한 본 연구는 장기지향성을 측정하는 방식에 따라 자본시장에서 평가되는 양상이 구조적으로 변할 수 있음을 제시하였다. 한국채택 국제회계기준 도입으로 인하여 회계적으로 측정한 장기지향성 정보가 자본시장에서 더 중요하게 반영된다는 점을 실증 분석하여 한국채택국제회계기준 도입의 긍정적인 효과를 간접적으로 입증한다는 면에서 공헌점이 있다.

Effect of long-term orientation on voluntary security actions

PurposeThis paper aims to examine the impact an individual’s long-term orientation (a cultural dimension) has on their attitude, behavioral intention and actual voluntary security actions taken in the context of the dangers related to poor account access management.Design/methodology/approachThe paper relied upon survey data and actual usage information from a culturally diverse sample of 227 individuals who were introduced to the specific security problem and the accepted solution of using a password manager application.FindingsThe paper provides empirical evidence that the effect of positive attitudes increased when individuals were more long-term oriented, but the effect was reversed for average/negative attitudes toward the voluntary security behavior. Furthermore, participants with high long-term orientation and strong positive attitudes toward the security action actually adopted password manager applications 57 per cent more than the average adoption rate across the sample.Research limitations/implicationsDue to the research approach (survey data), security context and sample population, the research results may lack generalizability.Practical implicationsThe findings suggest that security awareness messaging and training should account for differences in long-term orientation of the target audience and integrate the distinctly different types of messages that have been shown to improve an individual’s participation in voluntary security actions.Originality/valueThe paper addresses previous research calls for examining possible cultural differences that impact security behaviors and is the only study that has focused on the impact of long-term orientation, specifically on voluntary security actions.

Not Only Individualism: The Effects of Long-Term Orientation and Other Cultural Variables on National Innovation Success

This article re-examines the effects of culture on national innovation rates. Pointing to the innovation success of some East Asian countries, it argues that the cultural dimension of individualism is not able to fully account for the role of culture in national innovativeness, and there is a need to include a wider set of cultural factors in the analysis. Several competing measures of national innovation performance over the last decade and Hofstede’s measures of culture, as well as their recently revised versions proposed by Minkov and collaborators, are employed to test the hypotheses. The findings show that, apart from individualism, long-term orientation, and flexibility, the dimensions omitted in the prior studies are positive and strong cultural predictors of national innovation intensity, whereas the role of other cultural factors finds little empirical support. The study suggests that there is no single pattern for the impact of culture on national innovation rates that should be taken into account in seeking effective innovation strategies and policies. It also highlights the need to advance the understanding of the causal mechanism between culture and innovativeness to guide further theoretical and empirical analysis.

온라인 여행사 이용객의 가치와 만족에 영향을 미치는 요인 : 장기지향성의 조절효과를 중심으로

온라인 여행사 이용객의 가치와 만족에 영향을 미치는 요인 : 장기지향성의 조절효과를 중심으로

Work strain, job satisfaction, and intention to quit: The moderating effect of long-term orientation.

Work strain, job satisfaction, and intention to quit: The moderating effect of long-term orientation.

The Effect of Long Term Orientation on Subsidiary Ownership, Expatriate Staffing, and Subsidiary Survival

This paper examines the link between the long term orientation (LTO) dimension of national culture to transaction cost economics and relational exchange theory. Hypotheses were developed on the impact of LTO on multinational corporations’ (MNCs’) subsidiary ownership and expatriate staffing strategies and on subsequent subsidiary survival. We used a sample of 10,244 overseas subsidiaries established by 1,292 Japanese MNCs in 30 host countries to test our hypotheses. Results showed that: i) LTO has a positive effect on ownership and expatriate staffing levels; ii) there is a positive interaction between LTO and cultural distance (CD) on ownership and expatriate staffing levels; iii) LTO has a positive effect on subsidiary survival; iv) the positive relationship between LTO and subsidiary survival is stronger when MNCs assume higher ownership and expatriate levels; and v) there is a positive interaction between LTO and CD on subsidiary survival. The theoretical and practical implications of these findings are discussed in terms of the vital role time orientation plays in theory and practice.