Ownership Intentions Research Articles

It's my business! The influence of psychological ownership on entrepreneurial intentions and work performance

SummaryExtant scholarship on psychological ownership has primarily focused on the organizational benefits that come from fostering employees' feelings of ownership without having to relinquish ties to actual ownership. It is unclear, however, if feeling like an owner is sufficient to satisfy employees' aspirational ownership intentions. By applying self‐verification theory to psychological ownership theory, we investigate how employees' psychological ownership influences their views about being a competent business owner, and the potential double‐edged implications for organizations as a result of these self‐views. Utilizing two separate studies, we find that psychological ownership is positively associated with entrepreneurial self‐efficacy, which, in turn, is positively associated with both entrepreneurial intentions and work performance. Furthermore, results show that employees' past work performance strengthens the positive relationship between psychological ownership and entrepreneurial self‐efficacy and the positive indirect relationship between psychological ownership and entrepreneurial intentions through entrepreneurial self‐efficacy. We discuss the theoretical and practical implications of fostering psychological ownership with current employees to glean the benefits and negate any potential drawbacks, such as high performers leaving the organization to start their own business.

Ride-hailing service availability and private transportation mode usage in a motorcycle-based city: Evidence from Hanoi

Ride-hailing services (RHS) are widely expected to serve as an alternative to conventional private transportation modes. However, numerous studies on RHS’s impact on private modes’ usage provide inconclusive evidence. Notably, few studies have analyzed RHS’s impacts on modal changes in the context of motorcycle-based societies. This study attempts to identify the critical factors affecting RHS users’ private mode usage (private cars and motorcycles) in response to RHS appearance in Hanoi, Vietnam, a motorcycle-based society. Two empirical analyses were performed with sample data of 642 individuals collected from face-to-face interviews using paper-based questionnaire sheets in Hanoi from December 19 to 21, 2020. The first analysis employed a linear regression model to explain the changes in individuals’ private mode usage before and after RHS adoption. The second analysis estimated a logistic regression model to examine an individual’s private mode choice when RHS are unavailable. Robustness tests were also performed. The results revealed that RHS users’ future vehicle ownership intentions, reasons for using RHS instead of private modes, motorcycle ownership, and public transport usage significantly reduce the impacts of RHS on private mode usage. The reasons for using RHS rather than private modes were found not strong enough to make an essential change to reduce the frequency of private modes usage. The results also showed there is a difference between the RHS’s impacts on motorcycle use and car use. They suggested that policy makers should be aware of the unique factors in motorcycle-based societies such as Hanoi when formulating urban transportation strategies. Finally, the findings further supported an idea that multivariate analyses are more suitable than the simple descriptive statistics method to understand how the motivation for using RHS influences the impacts of RHS on private mode usage.

An Empirical Study on the Elasticity of Car Demand for Changes in Parking Registration Costs: For Apartment Houses in a New Town of Gimhae, South Korea

The purpose of this study is to explore the impact of changes in parking fee policy on residents' willingness to own a car, based on a survey of Yulha in Gimhae, South Korea, a representative new town with a relatively high rate of car use due to lack of public transportation. This study, using parking demand function, analysed the response of car ownership intention to parking cost and examined social cost and deadweight loss according to the change in parking fee and its policy effect. The results of the analysis found that the elasticity of demand for parking fees was 6.7 times higher in the case of the intention to give up the purchase of an additional car (0.043) compared to the intention to abandon the operation of the existing car (0.288). The marginal increase rate was 200% in Yulha New Town. The results suggested that it would be desirable to raise the parking registration cost up to three times higher than the current level, from the point of view of society as a whole. In other words, the additional burden on service beneficiaries for the purpose of increasing social welfare was found to be sufficiently acceptable in terms of social systems optimization.

The Impact of Institutional Investors’ Ownership on Performance and Financial Position: Evidence from Firms in the Republic of Croatia

Abstract The research problem of this study is focused on examining the impact of the ownership of institutional investors on the corporate governance of Croatian companies. The problem was approached comprehensively such that institutional investors were analysed as both homogeneous and heterogeneous groups (investment funds, pension funds, insurance companies). The results of this study reveal a statistically significant impact of institutional investor ownership being viewed as both homogeneous and heterogeneous groups on business performance and financial position, which reduces the gap between ownership intentions and management interests, thereby resulting in an increase in shareholder wealth while limiting the satisfaction and social goals of a company.

Pharmacy students’ proclivity towards entrepreneurship – a sign of future innovation in pharmaceutical care service delivery

Background: Entrepreneurial inclination is linked with improved pharmaceutical care service innovations and improvements.Objective: This study examined the propensity of pharmacy students towards entrepreneurship and factors influencing this.Material and Methods: Two hundred and eighty-one pharmacy students at the University of Ibadan participated in a two-year prospective study using a self–administered validated Pharmacy Students Entrepreneurial Orientation summated scale questionnaire with five subscales in seven-points Likert scale type graded responses. Mean and percentage mean scores were determined with a high mean score indicative of entrepreneurial tendency.Results: Percentage mean score for PSEO were 88.5% and 88.8% for the first and second year of the survey, respectively. Post-graduation business ownership intentions were high (83.0%) in both years. These intentions had significantly higher mean scores on PSEO scale (p<0.001), empathic super salesperson subscale (p=0.007), innovativeness subscale (p<0.001), and risk taking subscale (p=0.024), in the first year of survey. Pharmacy students who had taken business courses had higher PSEO mean scores than those who had not taken business courses (p=0.003). Male pharmacy students were more likely to take risks more than their female counterparts in the first year of the study (p=0.035).Conclusion: Pharmacy students maintained a high level of entrepreneurial tendency in both years of the study with most students aspiring to become business owners. Male pharmacy students were more inclined to take risk and hope to be innovative in pharmaceutical care services. To further strengthen entrepreneurial inclination, pharmacy schools curricula should include entrepreneurial courses.Keywords: Entrepreneur, Pharmacy students, Pharmacy Students Entrepreneurial Orientation summated scale, Nigeria

Mine, Yours, or Ours? Perceptions of Student-Created Intellectual Property Ownership

In this mixed-methods study, we examined student and administrator perceptions concerning student-created intellectual property (IP) ownership in the higher education setting. Survey results showed students had low levels of IP-related knowledge and worried that the university might claim ownership of their ideas or class projects. Students also reported inadequate communication from the university concerning IP policy rules and technology transfer processes. Interviews with campus IP administrators about student survey results led us to assert that communication inadequacies are perpetuating misunderstanding between students and university IP ownership intentions. Recommendations include implementation of several proactive communication activities and an IP training program for faculty.

The effects of social ties on rural-urban migrants' intention to settle in cities in China

The rapid increase of temporary migrants in large Chinese cities has led to the need for a nuanced and comprehensive understanding of the factors contributing to the influx. However, previous investigation into this subject has been undermined by an oversimplification of the concepts and measurements related to settlement intentions and migrants' social network. This study uses a combination of data from a 2013 nationwide survey and multilevel logit regressions to investigate the settlement intentions of 12,807 rural-urban migrants across eight cities in China. It especially focuses on the ways in which social ties between migrants and people in their destination cities shaped their intention to settle there. This study makes an innovative contribution to the literature in three ways. First, it distinguishes between migrants' ties to non-residents (other migrants from the same place of origin), kin residents (local residents who are kin), and non-kin residents (local residents who are not kin). Second, it distinguishes between interactive social ties and supportive social ties. Third, it uses multiple indicators to measure the intention of migrants who decide to permanently settle, as well as hukou transfer and housing ownership. Findings from our analysis indicate that the newly formed intergroup ties of migrants and their existing intragroup ties exert different impacts on their intention to settle. Specifically, migrants' newly formed ties with non-kin residents are positively linked to their settlement intention, while their ties to non-residents are negatively associated with their settlement intention. Our findings also indicate that the social ties of migrants have different effects on the different dimensions of their settlement intention. The social ties of migrants play an important role in their permanent settlement and housing ownership intentions, but their effect on hukou transfer intentions is relatively weak. Additionally, our research discovered that supportive social ties play a more important role than do interactive social ties in shaping migrants' settlement intention.

Does satisfaction of P2P online transportation affect consumer willingness to purchase their own vehicles?

The discussion about the platform ecosystem in the business model literature has been growing for the past few decades. The firms that operate in this context often disrupt the incumbent businesses through disruptive innovation with a multi-sided platform (MSP) business model, including a peer-to-peer (P2P) sharing economy services. However, there are limited number of studies that explore the disruptive potential of those business models from a consumer behaviour perspective. Therefore, based on the phenomenon of the rapidly growing P2P online transportation in Indonesia, this study analyses the further effects of consumer behaviour changes towards the ownership intention of new private vehicles because of sharing economy usage. The results of the quantitative research approach by using PLS-SEM among 216 P2P online transportation users can conclude that there are significant differences regarding consumer willingness to purchase new vehicles among users who already own private vehicles and those who do not own vehicles.

Car ownership perceptions and intentions amongst South African students

High levels of car ownership have major impacts on congestion and thus the mobility, accessibility, heath and liveability in cities. Increasing car ownership is already reflected in high congestion levels in South African cities and does not appear to be reducing, despite policy interventions. The factors that drive the high car ownership intentions thus need to be investigated, so that policy efforts can be appropriately directed. The study aimed at investigating the car ownership intentions of students, as being most likely to drive car sales in the future, with the purpose of understanding the factors underlying the high desire to own a car. The study finds that although costs are the main barrier to market entry, and that most students intend to purchase a car as soon as they can afford it. These intentions are largely driven by the view that the quality of public transport constrains the movement of people and does not provide a travel alternative that is considered to be a reasonable alternative to the car, as indicated by the view that cars are a necessity. The study finds that although there are differences in the valuation of public and alternative modes of transport, based on demographic elements, familiarity with car usage and psychosocial factors, most students intend to own a car as the best means of travel, with little seeming to moderate the decision. The poor valuation of public and alternative transport suggests however that, whilst other measures to curb car use and promote public transport may have value, only significant service level improvements in public transport is likely to drive real behaviour change.

Study on the Influence of Customers’ Risk Perception on the Use of Leasing Services Based on the Burden of Ownership

Rental service refers to the provision of the right to use the goods for the customer, and do not need to have ownership, such as the car rental industry, is now growing rapidly. This service is provided to avoid the so-called "customers to bear the burdens of ownership", such as the product has to take the risk and responsibility. However, the use of issues such as risk perception and subsequent customer facing to obtain the ownership of the products of leasing services need further study. Based on the theory of risk perception, we propose five risk dimensions (economic risk, performance risk, psychological risk, time risk and social risk). They have an impact on customer’s decision in rental service. Through the analysis of the data obtained by the investigation, we examined the hypothesis. The results proved that the decision of customer to obtain the ownership is affected by the five kinds of risk perception factors; while the ownership intention declines, the intention to use rental service will increase.

Modelling social norms: Case study of students’ car purchase intentions

In this paper we aim to quantify the influence of social norms on car ownership intention by estimating ordered hybrid choice models (OHCM) with car purchase intention as dependent variable. Our sample consists of 1229 university students from three developed and four developing countries. We construct subjective social norms (SSN) by interacting the perceived expectation to buy a car with motivation to comply with the expectation. Four approaches to incorporate social norms into OHCM are presented while controlling for other explanatory variables such as attitudes and socio-demographics. From the four estimated models we find that social norms significantly correlate with car purchase intention. Though differently defined in the four models, we find similar parameter estimates in all models, which leads us to conclude that the effect is fairly robust even with simplified definitions. From a model with person-group specific observed SSN, we further find though that group specific influences can differ significantly and that parents and university peers significantly influence car purchase intention.

Assessing the Relationship between Different Forms of Landowner Assistance and Family Forest Owner Behaviors and Intentions

In this study, we examine how family forest owners who receive various types of assistance differ from unassisted landowners with respect to their forestland management practices, attitudes and concerns, and future management, use, and ownership intentions. We do so by utilizing a national database containing information on private forest owners and the forestland they own. By defining an assisted landowner according to several attributes contained in this database (e.g., has a forest management plan, received cost-share assistance, or received advice), important similarities and differences between recipients and nonrecipients of various types of assistance are identified. The study shows that assisted and unassisted landowners are different with respect to several characteristics of the owners and the forestland they own, land management practices undertaken, and reasons for forest landownership. For example, assisted landowners are more likely to harvest timber and improve wildlife habitat than the unassisted owners. Yet no distinctions are found between assisted and unassisted landowners with respect to their plans to either subdivide or sell their land. In many cases, the differences between assisted and unassisted landowners are not related to the type of assistance the landowner received.

The Cost of Acquiring Public Hunting Access on Family Forests Lands

To address the issue of declining access to private forest land in the United States for hunting, over 1,000 Minnesota family forest owners were surveyed to estimate the cost of acquiring non-exclusive public hunting access rights. The results indicate landowner interest in selling access rights is extremely modest. Using binary logistic regression, the mean annual compensation required to purchase public access on these lands is estimated at $50 per acre. Significant predictors of landowner willingness to sell unrestricted public hunting access rights are the compensation offered, owner's use of the property for hunting, land's hunting quality and market value, location of owner's residence, current posting practices, future ownership intentions, and concern for property damage. The high payment required to purchase this right reflects the value owners attach to exclusive hunting rights, cost of enrolling in a government-sponsored program, and inability to control who and how many hunt on the property.