Management Literature Research Articles

Does the presence of invitees in the audit committee impact firm value? Evidence from India

PurposeSection 177 of the Company Act 2013 and Regulation 18 of the Listing Obligations and Disclosure Requirements 2015 allow the audit committee to invite firm executives to participate in the audit committee meetings. In this study, we investigate the negative impact of the presence of invitees in the audit committee on firm value.Design/methodology/approachThe study uses the Propensity Score Matching and Difference-In-Difference methodology (henceforth, PSM-DID) to establish a causal relationship between the presence of invitees and firm value. The final sample consists of 24,232 firm-year observations representing 4,493 distinct firms from 2016 to 2021. We also address the endogeneity and autocorrelation issues using the system-generalized method of moments (henceforth, GMM) as a robustness test.FindingsWe find that the presence of invitees in the audit committee decreases the firm value because investors consider this an alarming signal. We further find that the firms, audited by the Big 4, do not experience a decrease in firm value due to higher audit quality, whereas the firms with high promoter ownership experience a decrease due to the presence of agency cost.Originality/valueWe contribute to the literature on firm value and strengthen the literature on the importance of good governance in a developing nation using the signalling theory. This study adds to the understanding of firm value. The findings have implications for management literature and are valuable for policymakers and standard setters in evaluating the impact of disclosures in the capital market. The managerial implications emphasize the need for careful consideration of invitees in audit committees, considering industry, regulatory environment, and firm goals. Firms are advised to assess the benefits and costs, monitor the impact regularly, and strengthen internal controls.

Digitalization of Accounting Profession: A Decade of Bibliometric Analysis

The Fourth Industrial Revolution (IR4.0) has altered the global industry requirement to replace human labour with greater digital software and robotic function automation. Similar developments are anticipated in the accounting sector as well, with the shift towards digitalization of the accounting industry. The accounting profession gets more difficult in a digital world because accountants must have greater knowledge of information technology and accounting information systems. To better comprehend this problem, the present study examines the development of research articles on the digitalization of the accounting profession by analysing data from the Scopus database between 2014 and 2023, using bibliometric analysis. The analysis involved looking for patterns in research publications to establish the document type; languages; subject area, publication categories by authors, countries and sources titles, citation metrics and keywords. For this reason, 182 relevant documents were examined in Mac 2024 and the data were analysed using software of Microsoft Excel, VOSviewer, Harzing’s Publish or Perish. This study offers some insights regarding the future development and advancement of the digitalization of the accounting profession topic in the academic literature of Business, Management and Accounting; Economics, Econometrics and Finance; Social Sciences and Decision Sciences, as well as provides helpful information for academics and practitioners looking to analyse and delve deeper within this particular field of research.

Green HRM fostering followers' green creativity: Unfolding the role of environmental concern and employee engagement with eco‐initiatives as a serial mediation

Recent literature in environmental management implies that employee behaviour is imperative for improving environmental sustainability. Despite this, little effort has been made into how human resource management (HRM) relates to green creativity. This research aims to examine if an organization's green HRM (GHRM) practices can foster green creativity among manufacturing sector employees through the serial mediation path of environmental concerns and employee engagement with environmental initiatives, using self‐determination theory (SDT). To conduct this research, we collected and analysed data from 309 employees of manufacturing firms in Pakistan using partial least square structural equation modelling (PLS‐SEM). The results supported a positive relationship between GHRM and green creativity and the role of environmental concern and employee engagement with environmental initiatives in mediating that relationship. Likewise, the findings indicated that the relationship between GHRM and green creativity would strengthen as employees become more environmentally concerned. Overall, this study contributes to the literature on HRM and environmental management by providing new insights into the critical role of GHRM in fostering green creativity. Using SDT as a foundation, this research provides theoretical and practical contributions and implications and valuable recommendations for scholars and managers in the manufacturing sector.

The Human Resources Competency Development as the Key to Organizational Success in Indonesia

Purpose: HR competency development is essential for organizational success in Indonesia, examining current practices and impacting organizational performance. Theoretical Framework: The study is grounded in the Human Resource Management (HRM) literature, precisely the concept of HR competency development. This framework suggests that developing HR competencies, such as strategic thinking, leadership, and communication, can improve organizational performance, including increased employee engagement, productivity, and profitability. Design/Methodology/Approach: The research design is a qualitative study that involves in-depth interviews with HR professionals from various industries in Indonesia. The data collected from the interviews will be analyzed using content analysis to identify themes related to HR competency development practices and their impact on organizational success. Findings: The study's findings are expected to provide insights into the current state of HR competency development in Indonesian organizations and the impact of HR competency development on organizational success. The findings will highlight the importance of HR competency development for organizational success in Indonesia. Research, Practical & Social Implications: This research has implications for research, practice, and society. It will provide empirical evidence on the impact of HR competency development on organizational success in Indonesia, inform HR professionals and leaders about its importance, and lead to the development of HR policies and programs to improve the skills and competencies of Indonesian workers. Originality/Value: This study focuses on HR competency development in Indonesia, which has yet to receive much attention in the existing literature. It will provide practical insights for HR professionals and organizational leaders.

Industry 4.0 in the Perspective of Supply Chain Management: Evolution and Future Research Agenda

With the rise of Industry 4.0 (I4.0), there has been a shift from traditional to digital ways of running businesses by bringing the real and virtual worlds together. This study examines I4.0 literature in Supply chain management (SCM) over the last five years, finds essential research areas and gaps, and suggests a roadmap of new possibilities and opportunities for further research. First, a performance analysis was undertaken in which the most relevant or productive authors, leading journals, and top countries were examined. Second, a science mapping analysis involving citation, co-citation, and keyword analysis was conducted. Third, a thematic analysis was performed in which numerous themes were discussed in the direction of I4.0 in SCM. The authors examined 260 research publications published during the last five years. The authors used the R package bibliometrix, biblioshiny application, and the Vosviewer to visualize the structure of over 19,000 different references. Finally, the paper suggests a framework for implementing I4.0 in the supply chain (SC). The outcome of this study will help academic scholars, industry practitioners and engineering managers to identify significant themes and areas and implement I4.0 standards in SCM.

The road to eco-excellence: How does environmentally specific empowering leadership foster hospitality employees’ green creativity through green creative self-efficacy and green learning orientation

Recent literature in environmental management implies that employee behaviour is imperative for improving environmental sustainability. Despite this, few attempts have been made into how environmentally specific empowering leadership (ESEL) relates to employees’ green creativity. This study aims to uncover how and when ESEL can foster hospitality employees’ green creativity through the sequential mediation path of employee green learning orientation (GLO) and green creative self-efficacy (GCSE), and moderation of green organizational culture (GOC) for the effects of ESEL on green learning orientation and green creative self-efficacy. To test the model, a multi-wave survey process was used to collect and analyze data from 333 employees of three-to-five-star hotels in China using PLS-SEM. The results demonstrated a significant relationship of ESEL with green learning orientation, green creative self-efficacy, and green creativity. Similarly, green learning orientation and green creative self-efficacy showed significant relationships with green creativity. Moreover, results demonstrated that green learning orientation and green creative self-efficacy functioned as sequential mediation path to link ESEL to hospitality employees’ green creativity. Moreover, the impact of ESEL on green learning orientation and green creative self-efficacy was moderated by green organisational culture. Overall, our study contributes to scholarly knowledge on empowering leadership and environmental management by providing new insights into the critical role of ESEL in fostering green creativity. Using the conservation of resources (COR) theory and the resource-based view (RBV) theory as a foundation, this research provides theoretical and practical contributions, implications, and valuable recommendations for scholars and managers in the hospitality discipline.

The trends in contemporary authoritarian leadership studies: A bibliometric data analysis

The study of authoritarian leadership has undergone significant development, with researchers exploring its different dimensions and consequences. This leadership style, characterized by a top-down approach and centralized decision-making authority, has been extensively examined in psychology, organizational behavior, and management literature. Scholars have delved into the effects of authoritarian leadership on various aspects of organizations such as employee satisfaction, motivation levels, productivity rates, turnover rates, and team dynamics. The research landscape surrounding authoritarian leadership has witnessed a recent surge in interest as scholars strive to understand its intricate connections with different variables. The primary objective of this study is to conduct a comprehensive bibliometric analysis on authoritarian leadership, aiming to identify the key research areas, influential authors, prominent journals in the field, and citation patterns. To our knowledge, no bibliometric analysis on authoritarian leadership can be found in the Scopus database, highlighting the novelty of our research. Through a source-based examination of scholarly articles and their citations pertaining to authoritarian leadership, this analysis offers valuable insights into the current state of research in this domain. By focusing on publications from the past decade onwards, we aim to uncover trends and potential gaps within existing literature while also providing guidance for future research endeavors. Our research findings will provide valuable insights into the phenomenon of authoritarian leadership, contributing to a deeper understanding of its implications. By delving into this topic, we hope to pave the way for future studies and investigations in this field that can build upon our findings and expand knowledge even further.

Unveiling the relationships between visibility, information technologies and innovation management for sustainability performance: an empirical study

PurposeThe paper investigates how visibility, information technology and innovation management impact sustainability performance. It proposes a framework explaining the role of visibility in driving firms' sustainable performance and the relevance of innovation management and information technologies in enhancing organisational visibility. This study intends to add to the discussion within the management literature about the potential of innovation management to drive sustainability. It seeks to provide insight into the practices that small and medium-sized enterprises (SMEs) can adopt to improve their sustainable performance.Design/methodology/approachUsing empirical methods, the study investigates SMEs in central Mexico. The demographic information in the dataset includes 15 years as an average length of service from firms. Of the surveyed firms, 70% were from the manufacturing sector and 30% were from the service sector, as these are the most representative sectors of the productive region. A variance-based structural equation model approach was used to test the hypotheses, processed with the partial least squares (PLS) regression method.FindingsThe research results show that visibility significantly impacts sustainability performance. Innovation management has a higher influence on visibility than information technologies, emphasising the need to improve the quality of information in firms, not just the tools. The findings support managers in comprehending the crucial importance of visibility in aiding firms to achieve higher sustainability performance.Research limitations/implicationsThe study only examined a sample of Mexican SMEs; therefore, the findings' generalizability must be considered within this context. Secondly, the survey only focused on services and manufacturing firms and a more detailed analysis of the sector could provide further clarity on the relationships between variables. As a result, future research should consider these limitations and explore additional contexts to improve the overall understanding of the topic. Moreover, the scale used to measure the variables was adapted from other researchers with similar context research and reflective variables.Practical implicationsThe results provide helpful information for SME managers about the importance of focusing on innovation management processes and employing information technologies as crucial managerial strategies. This will aid in increasing visibility and supporting the development of sustainability performance in firms.Social implicationsThe world red-code, among others, with climate change and social gaps, has generated the need to contribute to sustainable development, and it has mobilised people on all levels all over the world for the simple purpose of preserving life. Therefore, society, as a crucial group that affects and is affected by this red-code situation, should act in favour of visibility, the use of high-quality information (e.g. transparent, accessible and relevant) and information technologies to promote sustainable practices. This could mean that society should be prepared to incorporate new capabilities and spaces to interchange knowledge as a participatory community that can contribute to better sustainable dynamics that could expand its participation in public decisions. Also, the government should encourage digital democracy (e.g. develop social participation platforms), opening and harmonising rules and mechanisms combining high-quality information with IT to provide flexible and adequate services that support sustainable development, such as efforts towards constructing sustainable and smart cities.Originality/valueThis study explores how innovation management can drive firms' sustainability performance, which is crucial for improving competitiveness. The question of how to enhance sustainability performance through managerial drivers is a critical one. This study empirically investigates the nexus of visibility and sustainability performance, innovation management and information technology with visibility.

The State of Crisis Communication in Contemporary Nonprofit Literature

ABSTRACT Emergency and disaster management and public relations literature both apply crisis communication strategies and theories, although the nonprofit sector is rarely examined. To deliver services effectively and disseminate critical information, nonprofit leaders must adapt to various contexts while also considering their reputation following crises. In addition to providing a theoretical framework for crisis communication in the nonprofit context, this study systematically examines recent literature on nonprofit crisis communication. The study reveals a set of crucial insights from nonprofit crisis communication literature, particularly surrounding four themes: 1) crisis sensemaking and crisis understanding; 2) nonprofit leadership and governance; 3) nonprofit structure; and 4) communication tools and networks. The findings open up a wide range of possibilities for further investigation into the dissemination of nonprofit crises, particularly empirical work utilizing longitudinal analysis. The findings provide applications for nonprofit leaders for becoming more aware of their crisis communication tactics.

Blending logics with performance management systems in an NGO setting

PurposeThis study aims to examine the role of performance management systems (PMSs) in enabling logic blending to manage institutional complexity and tensions arising from coexisting institutional logics.Design/methodology/approachThis research uses a case study of an Australian non-government organisation (NGO) operating in an institutional field dominated by the state government, in which policy reform jolted the balance between institutional logics. Data was collected through semi-structured interviews, archival documents and observations.FindingsWe find the policy reform required the NGO to transform from a wholly care focus to accommodate a more balanced approach with a focus on care coupled with efficiency, outcome delivery and performance measurement. The NGO responded by revising its purpose, strategy and operational model and by seeking to address the imperatives of two dominant and often competing care and managerial logics. We find this was achieved through logic blending, in which PMSs played a pivotal role, with the formalisation and collaboration processes mobilising different elements of PMSs, mobilising some elements differently or not mobilising some elements at all.Originality/valueThis study highlights the central role of PMSs in managing tensions between and the complexity arising from coexisting institutional logics through logic blending, a form of enduring compromise. This study extends the accounting logics and performance management literature by developing the understanding of what constitutes logic blending and how it is distinct from other forms of compromise.

Big Data's Future Potential as an Innovation in Competitive Advantage and Decision-Making Techniques

This research highlights the challenges of big data integration in organisational decision-making processes, illustrating the gap between big data capabilities and their effective utilisation. An analytical descriptive qualitative method was used to study the use of big data in supporting sustainable innovation and competitive advantage of organisations in Indonesia. The results show that big data can improve the effectiveness of decision-making strategies by understanding market trends and consumer behaviour, which contributes to improving organisational performance and competitive advantage. These results are expected to contribute to the strategic management and innovation literature and encourage business practices in designing effective big data strategies to achieve sustainable competitive advantage. Keywords: Big Data; Technological Innovation; Strategic Decision Making; Competitive Advantage; Sustainable Innovation

Host-country climate risk and the expansion of emerging market firms: a strategic tripod application

ABSTRACT Climate risk is a pressing global concern that affects multinational enterprises in manifold ways. Yet this has received less attention in international management literature. To address the gap, this study examines the impact of climate risk on the expansion and performance of emerging multinational enterprises (EMNEs) and tests the moderating effects of industry and institutional factors on the relationships. Using a dataset comprising the international acquisitions initiated by MNEs from emerging markets in 1998–2018, we find that host-country climate risk negatively affects the firms’ expansionary entries and is detrimental to firm performance. In addition, we find that firms from high-polluting industries are likely to show greater environmental awareness and increase their commitment to climate-risk countries. At the country level, our results show that home-host country political ties reduce the negative impact of climate risk on firms’ expansion and performance. The findings contribute to the literature on environmental management in an international business context and offer important practical implications for managers and government agencies.

Ten years of Industry 4.0 adoption: external and internal perspective in a systemic model towards Industry 5.0

PurposeThis study aims to provide a systemic and integrated view of how Industry 4.0 and its enabling technologies affect companies' internal and external environments. It offers a comprehensive view of the contribution about ten years after the start of the Fourth Industrial Revolution.Design/methodology/approachThe study performs a systematic literature review based on Industry 4.0 management literature. Analyzing the results of the 308 final papers in the sample made it possible to build a theoretical model to explain the contribution of Industry 4.0 to the internal and external environment of the company.FindingsThe results highlight the contribution of Industry 4.0 to the processes and environment of the company by providing a systemic and integrated view, highlighting the most applied enabling technologies and their internal, external, and combined usefulness in business processes.Research limitations/implicationsFinally, the paper provides a broad view of the Industry 4.0 topic ten years after its origin through an extensive literature analysis that allows us to highlight the significant studies and the areas still under-researched by researchers and opens the debate on the Industry 5.0 scenario.Originality/valueThe model makes it possible to appreciate the role of Industry 4.0 and its enabling technologies in companies in a broad and systemic view and to understand, from a managerial point of view, the interactions, synergies, and possibilities within processes and the reflection on the external environment.

Unveiling Power Dynamics: Diversity Interpretations, Management Practices, and Inclusion Perceptions in the Workplace

The current diversity management literature highlights a lack of empirical investigations into nuanced diversity characteristics within specific contexts, with a predominant focus on the USA, Europe, and Asia. This article addresses these gaps by exploring the intricate relationship between interpretations of workforce diversity dimensions and ensuing diversity management practices, shaping perceptions of inclusion or exclusion. Workplace diversity is viewed subjectively, influenced by contextual factors like industry and location. A case study was conducted in June 2022 within a Japanese automotive company, gathering qualitative data through techniques such as semi-structured in-depth interviews and non-participant observations were made during two guided visits. AtlasTi was utilized for the analysis of results. Findings reveal that socio-economic differences' interpretation is swayed by power imbalances in labor relationships. Diversity management practices aligned with the dominant group exacerbate inequality among demographic groups, establishing metaphorical «glass ceilings» for minorities and fostering exclusion perceptions. Considering the case study’s limitations, the research contributes to the diversity management discourse, prompting a reevaluation of practices to mitigate unintentional inequality perpetuation in the workplace.

The varying effects of standardisation on digital platform innovation: evidence from OpenStreetmap

ABSTRACT We investigate the effects of standardisation as a means of direct control on digital platform innovation. Specifically, we study the standardisation of parameters and procedures implemented in the web editing API on the popular geodata platform, OpenStreetMap. Using a regression-based approach to interrupted time series analysis, we assess the quantity and quality of new content generated on the platform before and after the standardisation. We find that the intervention had positive and negative effects on the generation of platform content on OpenStreetMap, which we summarise in three different effects (control, simplification, spill-over). Through the control effect, standardisation decreases the generation of content in quantity by enforcing conformity and reducing complementor’s freedom in producing certain outcomes. Through the simplification effect, standardisation increases the generation of new content in quantity by simplifying and streamlining the production of certain outcomes. Lastly, through the spill-over effect, standardisation increases the generation of content in quality and new areas of the platform by improving the compatibility and interoperability of content. Framing these findings through the rich body of work on standardisation and innovation in the technology management literature, we engage a long-standing tension in research on digital platforms – the balance between control and innovation. We discuss the prospect of standardisation as one way to directly control the balance between desirable and undesirable variation necessary for platforms to innovate, as it restricts some activities while enabling others.

Strategic Compensation and Firm Performance: The Mediating Role of Earnings Management in Taiwan

This study bridges a notable gap in the earnings management literature by incorporating R&D expenses into a novel research model. It categorizes earnings management into two types: predictive and opportunistic. This research explores the intricate relationship among earnings management, compensation structures, and firm performance—a triad of persistent concern to regulators, practitioners, and academics alike. Our findings reveal that in Taiwan, an emerging market, corporate governance mechanisms like compensation policies significantly influence executive behavior and overall firm performance. Specifically, we demonstrate that enhancing executive compensation can improve firm outcomes by encouraging executives to engage in predictive earnings management.

What can we learn from service model analysis? An application in the government export finance sector

The service model approach, like business models in the private sector, is gaining increasing attention in public management literature. In line with this evolving discourse, our study analyzes service models in government export promotion. By exploring the use of service models and discussing key developments, we shed light on the diverse application of service models in the context of officially supported export credits – an under-researched field in which a lot of innovation is happening. We observe a limited number of traditional service models with significant relevance. In addition, our findings suggest a rising diversity that signifies innovation and the broadening scope of activities. We also uncover the underlying motivations and practical experiences associated with their implementation and provide valuable insights into the benefits they offer.

Implementing AI in the public sector

ABSTRACT Artificial Intelligence (AI) has advanced as one of the most prominent technological innovations to push the conversation about the digital transformation of the public sector forward. This special issue focuses on actual implementation approaches or challenges that public managers are facing while they fulfil new policy that asks for the implementation of AI in public administrations. In addition to assessing the contributions of papers in this issue, we also provide a research agenda on how future research can fill some of the methodological, theoretical, and application gaps in the public management literature.

Applying spending review theory to developing countries: The case of South Africa

ABSTRACT The seminal spending review (SR) theoretical framework by Catalano & Erbacci [2018. A theoretical framework for spending review policies at a time of widespread recession. OECD Journal on Budgeting 17(2), 9–24] draws on the cutback management and related academic literature to articulate the first theory for explaining the ability of medium-term SRs conducted after the global financial crisis of 2008 to effect targeted savings. This literature is however dominated by advanced economies with sophisticated public financial management systems. Comparatively little attention, however, has been paid to theoretical perspectives on developing countries, like South Africa. This article applies this theoretical framework by Catalano and Erbacci to the South African SR initiative in order to interrogate its theoretical and empirical relevance. Proposals are made for enhancing the operationalisation of the organisational and process dimensions of C&E’s theoretical framework to lay a foundation for future empirical research and its policy implications for South Africans SRs are explored.

How Do Curbside Feedback Tactics Impact Households’ Recycling Performance? Evidence From Community Programs

Much of the responsibility for advancing the circular economy has been directed towards firms, yet many reuse opportunities can only be achieved through environmentally compliant, household-level recycling behaviors. In response, policymakers and recycling organizations are using a range of feedback mechanisms to promote household recycling that meets local quality standards. However, the effectiveness of these tactics remains unclear, and stakeholders are divided on the appropriateness of their use. In this research, we examine the role of two popular feedback mechanisms—information-only and information-plus-penalty—in correcting households’ curbside recycling behaviors. With information-only feedback, households are provided with best practices for recycling and are not penalized for their errors. With information-plus-penalty feedback, households also receive information, but temporarily forfeit their recycling services. While previous studies have explored the use of information and penalties as feedback mechanisms to guide behavioral changes, there is mixed evidence of their effectiveness, particularly in the recycling context. We address this research gap by analyzing unique data collected from a 2019 curbside auditing effort that occurred in a large, Mid-Western city. Our analysis leverages econometric methods, and recycling feedback and performance data from 25,359 audits across 11,899 households and 15 recycling routes. We find that information-only feedback mechanisms, while preferred by some stakeholders, are not associated with improvements in recycling quality (measured using household contamination rates). By contrast, our results indicate that punitive mechanisms (i.e., information-plus-penalty) involving cart refusals are associated with significant reductions in contamination rates: that is, households that receive punitive feedback reduce their contamination rate severity by 59%, and are 75% less likely to commit a violation in the future. More importantly, we do not find evidence that punitive feedback mechanisms generally discourage households’ participation in recycling programs (measured using future set out rates). Our study informs sustainable operations management literature by investigating how curbside feedback mechanisms, with differing levels of severity, influence critical dimensions of households’ recycling performance (i.e., recycling quality and participation). We also inform policymakers on how curbside feedback mechanisms can be more effectively leveraged to enhance opportunities for material reuse.