Study In Emerging Market Research Articles

Uncovering the Bitcoin investment behavior: An emerging market study

Bitcoin remains a popular investment choice despite the regulatory obstacles and failures of many crypto firms. This intriguing behavior of investors necessitates calls for more in-depth research. This study explores the underlying motivations behind the intention to invest in Bitcoin by considering inaction regret aversion, overconfidence bias, herding, risk affinity, profit expectancy, perceived ease of investing, and social media influence in shaping the investors’ attitude towards investing in Bitcoin and consequently on behavioral intention to invest in Bitcoin. The study employs PLS-SEM and mediation analysis on a sample of 439 individuals from India with no history of cryptocurrency trading or investment. Path analysis demonstrates that inaction regret aversion, risk affinity, profit expectancy of Bitcoin, perceived ease of investing in Bitcoin, and social media influence are significant positive predictors of attitude toward investing in Bitcoin. Notably, profit expectancy remains the most relevant variable in the stated context. Attitude toward investing in Bitcoin positively and significantly influences the behavioral intention to invest in Bitcoin. The current study also indicates the significance of attitude as a mediator in the mentioned context.

An Investigation of the Impact of Financial Literacy on Households’ Financial Well-Being: An Emerging Market Study

In view of the amplified inflation rates and economic stagnation in a number of countries in recent times, financial vulnerability became a key concern in both developed and developing economies. The current study advocates financial literacy is a key to lessen financial vulnerability and promote financial well-being. We propose and test a thorough model investigating the key mechanisms contributing to financial literacy, and how it contributes to individuals’ financial well-being in the context of an emerging market (i.e., Morocco). The mediating effects of indebtedness and financial behavior are also scrutinized. Based on survey data collected from a sample of 848 respondents from Morocco, the conceptual model was assessed using structural equation modeling. Our findings suggest financial literacy as a key to lessen financial vulnerability and promote financial well-being. Policy makers in Morocco and developing countries, where financial vulnerability is more prevalent, may use the current study findings to promote effective education programs to improve citizens’ financial literacy and well-being. Our findings also convey no impact of education on financial literacy, suggesting that education programs in Morocco are still not yet aware of the importance of financial literacy as a key shaping students’ career and financial well-being. Education policy makers are therefore urged to incorporate financial education and literacy as a key component in all education programs. Financial education programs should also take into consideration demographic disparities and therefore design financial education programs based on the target group to better delineate financial literacy in education programs.

DEVELOPING A STRATEGIC PARTNERSHIP MODEL FOR ENHANCED PERFORMANCE IN EMERGING MARKETS

This paper introduces a novel theoretical model aimed at elucidating the impact of strategic partnerships on organizational performance, particularly tailored to the dynamic landscape of emerging markets. In today's global economy, strategic partnerships have emerged as pivotal mechanisms for organizations seeking sustainable growth and competitive advantage. However, the effectiveness of such partnerships varies significantly across different contexts, especially in emerging markets characterized by rapid change, resource constraints, and cultural diversity. This paper proposes a comprehensive framework that integrates insights from strategic management, international business, and emerging market studies to delineate the intricacies of strategic partnerships and their implications for organizational performance. By elucidating the underlying mechanisms and contextual factors influencing partnership dynamics, this model seeks to provide practical guidance for organizations navigating the complexities of emerging markets. The proposed framework integrates insights from strategic management, international business, and emerging market studies to delineate the intricacies of strategic partnerships. It aims to shed light on the underlying mechanisms and contextual factors that influence partnership dynamics in emerging markets. By doing so, the model seeks to provide practical guidance for organizations navigating the complexities of these environments. At its core, the model recognizes that successful strategic partnerships in emerging markets require a nuanced understanding of the unique challenges and opportunities inherent in these contexts. It emphasizes the importance of factors such as cultural sensitivity, regulatory environments, and resource availability in shaping partnership dynamics and outcomes. By leveraging insights from diverse disciplines, the model offers a holistic perspective that goes beyond conventional approaches to partnership management. Through a rigorous review of existing literature and empirical evidence, the model aims to provide actionable insights for organizations seeking to optimize their strategic partnerships in emerging markets. By elucidating the complex interplay of factors influencing partnership dynamics, it offers valuable guidance for organizations navigating the intricacies of these dynamic environments and harnessing the full potential of strategic collaborations for sustainable growth and competitive advantage.
 Keywords: Strategic Partnership, Performance, Emerging Markets, Model.

Which User-Friendly Model is the Best for BASEL-III? An Emerging Market Study

Which User-Friendly Model is the Best for BASEL-III? An Emerging Market Study

Competitive intelligence formalisation in the property sector: The emerging market study

Competitive intelligence (CI) enhances the quality of products or services and decision-making (Tarek et al., 2017). Despite formalisation having been identified as a cornerstone for CI, firms continue to practice it informally (Cavallo et al., 2021). Although CI formalisation has been investigated in other economic industries in South Africa, no study on the formalisation of CI has been conducted in the real estate sector (Cavallo et al., 2021). The objective of this research was to establish the formalisation of CI in the South African real estate sector. This research followed a quantitative research methodology using a web-based questionnaire to collect data from property practitioner firms in the South African real estate sector. The South African real estate sector is very competitive and firms practice CI to gain competitive advantage over their rivals. The findings indicate that the majority of property practitioner firms practice CI formally using different application software. However, the results indicate that property practitioner firms lack a CI system and do not appoint CI professionals. Although the majority of firms do not have a CI system and do not appoint CI professionals, they practice CI formally and use different application software during practice.

Investigating the relationship between supply chain maturity and performance: an emerging market study

PurposeThe current research aims to investigate the relationship between supply chain (SC) processes maturity and SC performance in the context of an emerging market (i.e. Morocco). Based on the SCOR model, the authors propose and test a thorough conceptual framework in which information systems moderates the relationship between SC processes maturity and performance. The effects of firm age and size are also taken into account.Design/methodology/approachBased on data collected from 175 top and middle managers using self-administered questionnaires, the authors empirically assessed the conceptual model using a partial least squares (PLS) estimation.FindingsThe study's findings demonstrate that SC processes maturity has a significant effect on SC performance. Second, information systems act as a moderator in the relationship between SC maturity and performance, e.g. the impact of supply chain processes maturity on supply chain performance measures is stronger in the presence of information systems support. Ultimately, firm size and age were found to have no significant impact on supply chain performance.Practical implicationsThe study's findings help SC managers to better understand how SC maturity contributes to SC performance. A firm effectively executing maturity factors in its SC processes is more likely to achieve a better SC performance. The authors also established the key role of information systems in strengthening the impact of SC maturity on performance. SC managers should capitalize on the use of information systems to achieve superior SC performance.Originality/valueThe present research bridges a gap pertaining to the impact of supply chain maturity on SC performance, particularly in emerging markets. It is the first of its kind to investigate the influence of SC maturity on SC performance the context of emerging markets.

Antecedents of Purchase Intention towards Herbal Products: An Emerging Market Study

The purpose of this paper to examines awareness and attitude of consumers towards herbal products and factors affecting the adoption of herbal products. To achieve the objectives of the study, using simple random sampling a sample of 301 respondents was taken during January-March 2020. Primary data were collected electronically with the help of a pre-structured, non-disguised questionnaire. For analyzing the data, techniques such as tests for difference of means, Analysis of Variance (ANOVA), Factor Analysis, etc. were used. Factor analysis was used to reduce the data so as to have a better understanding and analysis. The results of the study indicate that the majority of the respondents were aware of herbal products for more than 5 years. The most important attribute while making purchase consideration of herbal products was safety followed by quality. The most prevalent problem related to herbal products was price followed by false claims. Majority of the respondents reported internet as their source of information regarding herbal products. Respondents were willing to recommend herbal products to others. Therefore, adoption of herbal products is likely to increase in the future. The findings from regression analysis reveal that purchase intention of herbal products was positively influenced by functionality and quality as well as traditional appeal of the herbal products. The respondents reported considerable intent to recommend the herbal products to friends and relatives. This means word of mouth has important role in adoption of these products.

An empirical study to detect agency problems in listed corporations: The emerging market study

The aim of this paper is to shed the light on the concepts of agency theory by measuring one of the problems that arise from it, which is represented by earnings management (EM) practices. The research problem is demonstrated by the failure of some Iraqi banks and their subsequent placement under the supervision of the Central Bank of Iraq, which was attributed, in part, to the inadequacy of the agency model in protecting stakeholders in shareholding institutions, as well as EM, pushed professional institutions to adopt the corporate governance model as a method to regulate the problem of accounting information asymmetry between the parties to the agency. We are using the Beneish M-score model and the financial analysis equations in the Beneish model for bank data for both the income statement and the financial position to do so. The sample includes 30 Iraqi banks listed on the Iraq Stock Exchange from 2014 to 2017, with the goal of inferring agency problems through EM practices. The results show that there are problems for the agency in the research sample banks throughout the research periods, and the percentages of those problems vary from one year to another. Apart from detecting agency problems, the art of financial ratios that have been used can be useful for auditors in conducting financial analyses, and thus they can be used as tools to detect fraud, given those agency problems resulting from profit manipulation are only aspects of fraud in the financial statements.

Exploring the working conditions and performance of healthcare providers: The emerging market study

The study examines the extent to which working conditions affect the performance of healthcare providers. The design was exploratory, using both quantitative and qualitative data. Data were obtained from 490 medical personnel at the University of Calabar Teaching Hospital (UCTH). The research used a multi-stage sampling technique. Data were analysed using descriptive statistics such as percentages and frequency tables, while the chi-square test was used to test the significance of the relationship between the two hypotheses stated. The findings of the study reveal that male respondents are less likely to perceive non-payment of hazard allowances as affecting their performance than female respondents. The study also reveals that younger healthcare providers perceive the work environment as affecting their performance more than their older colleagues (Aduo-Adjei et al., 2016). As a result, the study recommends specific interventions to address the unique working conditions and challenges that various groups of medical personnel face. This will ensure that each category of medical personnel is given favourable conditions to improve their performance, which, in the long run, will ensure effective healthcare delivery.

Adoption Factors of FinTech: Evidence from an Emerging Economy Country-Wide Representative Sample

Adoption factors of Financial Technology (Fintech) services have been the subject of investigation in a growing body of extant literature. Macro-level as well as user-specific factors that contribute to the adoption of customer-facing fintech services have been studied. Emerging market studies mostly considered targeted demographic and socio-economic segments, limiting their ability to reflect a wide spectrum of relevant factors. We conducted a nationwide representative survey of 1282 individuals in Bangladesh. A total of 16 administrative districts from all 8 administrative divisions were included. Addressing sample imbalance with Synthetic Minority Oversampling Technique (SMOTE), we deployed Recursive Feature Elimination (RFE) to reduce number of customer features down to the most important. Using Library of Large Linear Classification (LIBLINEAR) for multivariate Logistic Regression, we identified significant features that predict customer-facing fintech adoption among individual respondents. We found that customers were less likely to adopt fintech services if they had higher reported levels of concern with security, information secrecy, limited government control, and high levels of reported service intuitiveness obstacles. Our evidence suggests these concern factors constitute the prominent factor behind fintech adoption, as opposed to demographic variables, for example. Our findings hold insights for fintech services providers and policy makers.

Antecedents of freight transportation for sustainable supply chain in the post-COVID era: an emerging market study

PurposeIn past years, the global supply chain has witnessed devastating effects of coronavirus (COVID-19) disease. However, the COVID-19 pandemic has renewed the interest of the Sustainable Supply Chain (SSC) stakeholders on sustainability. The stakeholders are now rethinking their business processes and strategy to make them sustainable. In this context, the relevant literature is required to support emerging markets to formulate sustainability-focussed strategies. The purpose of this study is to provide a comprehensive analysis of potential antecedents that leads towards sustainable development of freight transportation in emerging markets.Design/methodology/approachInitially, the antecedents of the Sustainable Freight Transport (SFT) system are derived from the literature survey followed by verification from the experts. Then, the potential antecedents are categorized under four (social, organizational, operational and environmental) broad categories. Afterwards, a Neutrosophic Analytic Network Process (N-ANP) method is employed to obtain the priority weights of the identified potential antecedents.FindingsThe paper identified and ranked 17 antecedents of the SFT system. According to the study’s findings, the top three antecedents of SFT are “the presence of a multimodal transportation system,” “circularity in SFT” and “traffic congestion management”. The results from the study advocate the promotion of existing multi-modal transport facilities which is promising to achieve sustainability. The results suggested the adoption of the digital twin to manage the transport operations.Originality/valueThis study sheds light on how to achieve sustainability in the freight transportation system post-COVID era highlighting the potential antecedents. The study’s findings will assist practitioners in developing SFT strategies in the face of such pandemics in future.

The influence of ownership structure on the extent of CSR reporting: An emerging market study

AbstractTo examine how different ownership structures, varying from diverse ownership bases to narrow ownership bases, influence the extent of corporate social responsibility (CSR) reporting by companies in emerging market. The motivation for this study is the reported inconsistent results for this association in developing countries and the lack of research in emerging markets. Eight hundred observations of 80 nonfinancial sector listed companies in the Amman Stock Exchange for the period 2006 to 2015 were used for a content analysis to assess the extent of CSR reporting. Ordinary least square multiple regression analysis was undertaken to examine the association between five different ownership structures and their extent of CSR reporting. The results reveal three separate associations between the types of ownership and the extent of CSR reporting. First, the two types of ownership (foreign and government) have a significant and positive influence on the extent of CSR reporting. Second, another two types of ownership (Family and managerial) have a significantly negative association. Finally, institutional ownership has an insignificant and negligible influence on the extent of CSR reporting. These findings provide insights into how ownership structure influences the CSR reporting extent by emerging market companies such as Jordan. These findings suggest that policy makers, regulatory bodies, companies, and investors should increase their awareness about how different concentration of company ownership influences the extent companies voluntarily disclose CSR reporting. The evidence adds to the limited body of knowledge about different ownership groups' influence on the extent of CSR reporting in a developing country because few empirical studies have undertaken such a comprehensive analysis of this association.

The role of CEOs' human capital in sustaining superior performance–empirical evidence from China

PurposeFocusing on the important representative of firm intellectual capital (IC), this research explores the effects of chief executive officer’s (CEOs') managerial human capitals on sustaining superior performance in Chinese transition economy to prove the dynamic and strategic value of IC and fulfill the gap of lacking emerging market studies in this research field.Design/methodology/approachBased on dynamic managerial capability theoretical framework, the authors propose a dynamic management path to analyze the influencing mechanism of CEOs' managerial human capitals to firm performance persistence and the moderating effect of environment uncertainty. Using a panel data of Chinese publicly listed firms from 2008 to 2017, it adopts dynamic first-order autoregressive models to examine these hypotheses. Several tests are conducted to further analyze and ensure that the results are robust and reliable.FindingsThese managerial human capitals reveal heterogenous impacts on sustaining superior performance, and environment uncertainty is a valid moderating variable to further distinguish their dynamic values. The supplementary analyses show the integrating effect of an MBA degree and output functional experience is positive and significant, and the results in Chinese state-owned and private firm subsamples are distinct.Practical implicationsIt is beneficial for corporate stakeholders to judge and select CEOs and for policymakers to improve the efficiency advantage of IC in Chinese emerging market.Originality/valueThis study first explores the relationship between CEOs' managerial human capitals and superior performance persistence. Through introducing a dynamic perspective, it has extended existing performance persistence research into individual level and provided a new intellectual source of sustainable competitive advantages.

Modelling factors of social media usage by B2B salespersons: an emerging market study

PurposeThe purpose of this study is to extend and contribute to the evolving phenomenon of social media usage by business-to-business (B2B) salespersons. It draws on the interactional psychology model and extended technology acceptance model to explore the said phenomenon.Design/methodology/approachA survey-based quantitative study was carried out. Responses were gathered through a self-administered and structured questionnaire, from 218 B2B salespersons who were pooled in using purposive and snowball sampling. The final data set was subjected to partial least squares-based structural equation modelling using WarpPLS 7.0.FindingsThis study found that individual factors, namely, salesperson’s social media competence and sales capabilities; organizational factors, namely, organizational commitment and organizational competence; and social factors, namely, image, result demonstrability and subjective norms, contribute positively and significantly towards social media usage by B2B salespeople. The study also found that the impact of individual factors on intention to use social media was partially mediated by its perceived usefulness, while in the case of organizational and social factors, the impact was fully mediated by its perceived ease of use.Research limitations/implicationsThis study provides a valuable addition to the existing literature on sales and social media; however, the contextualization cannot be ignored.Practical implicationsThis study enables firms to understand various factors affecting salespeople’ perception of social media and to make them appreciate its usage in improving sales performance and customer satisfaction.Originality/valueIt is the first study that models the factors of salespeople’s usage of social media in their job at three levels, namely, individual, organizational and social, and establishes the link between B2B salespersons’ perceived usefulness of social media, sales capabilities, social media competence and intention to use social media.

The acceptance of financial robo-advisors among investors: The emerging market study

Robo-advisory services are a relatively new concept in the financial world. However, Epperson, Hedges, Singh, and Gabel (2015) report that many investors are extremely interested in employing robo-advisors to manage their finances. Nowadays, robo-advisers develop profiles of investors using very basic surveys to determine their investing preferences. The advantage of robo-advisory is that it charges far less than traditional private bankers (PB) since robo advisors do not require additional labour (Cho, 2019). Having considered the utility of such services, this research aims to examine the acceptance of financial robo-advisors. The findings indicate that average monthly income, value invested in financial instruments, and investment knowledge affect an acceptance of financial robo-advisors as regards their effects on profits, careers in finance, and the overall economic system, and vice versa. The drawback of the study is that the results demonstrate the relationship between independent and dependent variables without delving into each variable in detail. Thus, qualitative research may be necessary for addition to quantitative one to go further into the details. The paper suggests that providing information about robo-advisors for investors can enhance the understanding of robo-advisors leading to the increasing use of robo-advisors in Thailand.

Causality relationship between sustainability factors and water management: The emerging market study

This paper evaluates the causality relationship between sustainability factors and water management in the South African public sector. The quest to partake in this research is motivated by the need for addressing the prevailing water services delivery challenges (WSDCs) and infrastructure funding deficit challenges (Ruiters, 2013). Given the severity of WSDCs in South Africa, the question which needs redress is whether sustainability factors influence water management and vice versa. Therefore, the main objective of this paper is to explore a unique approach to addressing WSDCs by investigating the bidirectional relationship between sustainability factors and water management. Data spanning 2009–2019 on sustainability factors and water management was collected using quantitative content analysis from web-based sources of purposively selected eight metropolitan municipalities in South Africa. Using Granger non-causality tests, social and environmental management practices have had a bidirectional relationship with water management. Besides, causality analysis involving corporate governance and economic measures failed to produce outright opposite direction connections. The results suggest that stakeholders and policymakers should acknowledge the role of sustainability factors in addressing investment challenges confronting the water sector. Therefore, the study recommends further research into establishing the significance and direction of the relationship between sustainability factors and water management.

Corporate governance, life cycle, and payout precommitment: An emerging market study

AbstractWe analyze the role of firm‐level corporate governance in determining the precommitment payout policy of emerging market firms and investigate whether there is a precommitment life‐cycle effect. Unlike previous studies of U.S. firms, we find evidence of precommitment only among relatively well‐governed firms, which combine good governance with large dividend payouts to shareholders and large debt‐related repayments to creditors. We also document a strong precommitment life‐cycle effect. Firms in the growth and mature stages of their life cycle tend to use both debt and dividends to precommit to investors, with an increasing proportion of dividends in total payout measures. Our results are robust to an array of control variables, alternate payout proxies, market setting, and firm‐level corporate governance, and it addresses potential endogeneity concerns in the sample.

Performance Implications of Diversification Strategies During Institutional Transformations: An Emerging Market Study

Performance Implications of Diversification Strategies During Institutional Transformations: An Emerging Market Study

Macro-Economic Variables and Stock Prices: Empirical Evidence From Sri Lanka

Economic strength in a country could be measured by macroeconomics variables. Inflation, interest rate, unemployment rate and GDP Deflator are some macroeconomics variables that show economic condition in Sri Lanka. The impact of macro-economic variables on share prices is uncontrollable. This study investigates the relationship between macroeconomic variables and stock prices in Sri Lankan stock market using yearly time series data for the period from 1990 to 2017. The Ordinary Least Square regression was carried out using four macroeconomic variables for stock prices. The results shows that the higher R Square value (72.4911) which justifies higher explanatory power of macroeconomic variables in explaining stock prices. Consistent with similar results of the developed as well as emerging market studies, interest rate and inflation rate and unemployment rate react mainly negatively to stock prices in the Colombo Stock Exchange. These findings hold practical implications for policy makers, stock market regulators, investors and stock market analysts.

Exploring Factors That Drive Adoption of Various Categories of M-commerce: An Emerging Market Study

The study examines the factors that drive actual adoption of the four categories of m-commerce, namely content delivery, location-based, transaction-based and entertainment in India. Data was collected from 321 m-commerce users and analysed using structured equation modeling (SEM). The results show that performance expectancy, effort expectancy, facilitating conditions, perceived risk and perceived enjoyment have varied impact, while social influence has a significant positive impact across the four categories. Further, personal innovativeness (PI) has a significant indirect impact on adoption of all the categories. The study adds on to the extant knowledge on m-commerce adoption in India and provides insights for marketers in devising relevant strategies for adoption of varied m-commerce categories. Further, it provides insights on the role of PI in driving adoption of m-commerce. The results from the study are limited to the Indian context and need to be validated across other contexts such as country and service offers suggesting future research opportunities. Future studies can also explore other m-commerce categories such as government services and telemetry services.