Value Creation Research Articles

Exploring the significance of knowledge transfer for facilitating cross-border acquisitions: an extensive examination of current themes, gaps, and potential future research directions

Purpose The purpose of this paper is to review how knowledge transfer, including knowledge integration, absorptive capacity and reverse knowledge transfer (RKT) in cross-border acquisitions, is examined in existing research work. The authors also propose directions to advance research in cross-border acquisitions. Design/methodology/approach A systematic literature review is conducted, and related propositions are advanced based on scientometric and bibliometric analysis of 146 papers published over 10 years about tacit knowledge transfer, innovation activities, industrial policy effect on merger decisions, top management experience and value creation in cross-border acquisition. First, the authors searched major themes with the help of Scopus, and later, the authors analysed all received literature with the help of VOS Viewer. Findings This review facilitates us to identify six clusters and main author keywords. These six clusters are the underlying six research streams, including RKT, cultural distances, value creation, absorptive capacity, innovation and reference to India and China. Originality/value Despite knowledge transfer constituting important antecedents and critical factors for the success of cross-border acquisitions, knowledge management in the acquired company through proper knowledge transfer and knowledge integration is not given enough attention. Current literature still fails to provide a holistic picture of how firms strategically manage knowledge post-acquisition. To the best of the authors’ knowledge, this study is the first to analyse the dynamics of knowledge transfer in cross-border acquisitions. The study is a novel attempt to relate current research themes to emerging areas of cross-border acquisitions.

Encourage or Reject Employee Involvement: Value Creation in Human Resource Management in the AI Era—An Evolutionary Game Analysis of Enterprises and Employees

In the context of globalization and rapid technological advancement, the introduction of Artificial Intelligence (AI) has brought new opportunities and challenges to Human Resource Management (HRM). This study constructs an evolutionary game model to explore the strategy choices and evolutionary paths of enterprises and employees in HRM value co-creation with AI involvement. We numerically simulated the dynamic evolution of strategies under different scenarios, revealing the equilibrium characteristics of strategic interactions between enterprises and employees in the AI context. The study finds that, first, the evolutionary game system between enterprises and employees converges to two equilibrium points: {cooperation, active} and {non-cooperation, passive}. Overall, the probability of the former is 2.39 times greater than that of the latter. Second, higher initial probabilities of cooperation and active involvement, along with lower costs for cooperation and active involvement, facilitate the system’s evolution towards the {cooperation, active} equilibrium. Third, enterprises are more sensitive to the benefit distribution ratio than employees. This study provides theoretical support for effectively conducting HRM practices in the AI era through systematic analysis of HRM value co-creation behavior, along with practical policy recommendations.

Eco‐design as Driver for Circular Economy: An ICESP's Empirical Investigation on Italian Firms

ABSTRACTThe paper contributes to the debate on eco‐design as a driver for the circular economy configuration of firms' business models. The study presents the empirical evidence of a research promoted by the Working Group on the Eco‐design and Circular Business Model of ICESP, the Italian Circular Economy Stakeholder Platform. The research adopted a two‐stage qualitative investigation approach, including an online focus group and a self‐administered online survey. Findings showed that the adoption of eco‐design is conceived into a larger strategy of innovation aimed at continuous improvement, quality management, and collaboration with stakeholders. Eco‐design is also identified as a strategy for improving customer satisfaction that leverages collaborative innovation paths with suppliers, external partners, and universities. Implications for theory arise in terms of a major understanding of eco‐design as a driver for value creation, while for the practice the study highlights new directions for managerial and entrepreneurial practical applications.

Does financial distress impact the dividend payment of Indian firm?

PurposeUnexpected circumstances, like distress or bankruptcy, might impact the time or amount of dividends delivered to investors. Therefore, in the current study, we have attempted to reveal the impact of financial distress (FD) on the dividend decisions of firms working in India.MethodologyIn this study, we looked at secondary data from 78 non-finance firms working in different sectors of the Indian economy that had been collected over five years (2016–2020). Panel data analysis (PDA) determines the relationship between the impact of FD and corporate dividend decisions.FindingsFD has no significant influence on the enterprises' dividend decisions. The association between FD and dividend decisions has also been found to be strongly and positively impacted by one of the interaction variables, environmental, social, and governance.LimitationOne study constraint is that researchers may choose to conduct their research in different industries or areas. Furthermore, researchers may choose to include other factors as interaction terms that they believe are relevant to the domains of FD or dividends.ImplicationThey will be inspired to start effectively managing their finances and debts due to this education. Comprehending these dynamics can aid decision-makers in financial uncertainty and support long-term sustainable value creation for investors, management, and policymakers when making dividend decisions.OriginalityThis scholarly work is novel because of the way its variables are combined, especially the way it looks at how four moderators—PBIT, ESG, LII, and debt ratio, interact with one another. To the best of our knowledge, this specific combination has not yet been studied in the literature, which emphasizes the originality of our research.

Cultivating Public Value and Accountability Beyond NPM: A Non‐Western Perspective

ABSTRACTThis paper reveals the limitations of New Public Management (NPM) and introduces an alternative model for creating and sustaining public value through grassroots engagement in a non‐Western context. Focusing on a river‐care education project in Malaysia, it demonstrates how community‐led initiatives, targeting public values like clean water (SDG 6) and partnerships for goals (SDG 17), interact with local management practices to foster sustainable outcomes. Drawing on Bozeman's public value theory and Dewey's public interest approach, we present a multi‐layered framework incorporating political–ideological, institutional, techno‐managerial, and individual layers. This model emphasizes culturally responsive, localized practices and reveals that NPM's market‐driven focus does not fully address societal goals like equity, sustainability, and social justice. Through a qualitative case study approach and by proposing an adaptive, context‐sensitive approach, this study contributes to public sector accounting and management research, providing a pathway to public value creation aligned with Sustainable Development Goals in diverse, non‐Western settings.

Exploring Opportunities and Challenges for the Spread, Scale-Up, and Sustainability of mHealth Apps for Self-Management of Patients With Type 2 Diabetes Mellitus in the Netherlands: Citizen Science Approach.

Technologies evolve at a breakneck pace, and the success of mobile health (mHealth) for people with type 2 diabetes mellitus (T2DM) depends on whether health care professionals, care management, government regulators, and consumers will adopt the technology as a viable solution to enhance patient self-management. In this study, we explored the challenges of the implementation of mHealth apps in care for patients with T2DM and determined to what extent these challenges complicate the dissemination, limit scale-up, and influence the sustainability of technological interventions for patients with T2DM. The nonadoption, abandonment, and challenges to scale-up, spread, and sustainability (NASSS) framework served as the basis for our study. The 7 domains of the NASSS framework were explored with a citizen science approach using questionnaires, semistructured in-depth interviews, and focus groups together with patients with T2DM, care professionals, technology developers, policy officers, and a patient organization. Regarding the domain "condition," being aware of their condition and changing lifestyle were crucial for patients with T2DM to get to grips with their life. The rapid development of health apps for T2DM was highlighted in the domain "technology." Users should be aware of these apps and know how to use them. The domain "value proposition" included the patient perspective and elaborated on personal values, as well as care professionals who focus on personalized care and pressure on health care. Regarding the "adopters," it is crucial to know who needs to use and introduce the apps. Responsibility, a shared vision, and resistance among care professionals were mentioned as important determinants for "organization." Finally, the domain "wider system" showed the importance of involving multiple institutes, care guidelines, and reimbursements. This study investigated the implementation of mHealth apps in an early stage of the implementation process. Key stakeholders were involved, who attributed to the possibilities and limitations of the implementation. It is crucial to have a clear vision from an organizational perspective and specific prerequisites for implementation strategies at micro, meso, and macro levels. Essential strategies at the national level include guidelines for regulations, privacy, and security; the integration of mHealth into T2DM care guidelines; and sufficient reimbursement by health insurers.

Beyond traditional synergies: exploring network, relational and nonmarket gains in European M&A

Purpose This study aims to explore the sources of synergy gains in European mergers and acquisitions (M&A) from 2010 to 2021, focusing on both traditional and emerging synergies. Empirically validate novel types of synergies, including relational, network and nonmarket synergies, alongside operational, financial and market power synergies. Examine the impact of firm characteristics, governance structures and market conditions on the magnitude and success of synergy gains postacquisition. Design/methodology/approach The research uses a quantitative approach, analyzing a sample of 342 European M&A transactions from 2010 to 2021. Synergy gains are evaluated through econometric modeling, examining the effects of various firm and transaction characteristics on value creation. Findings The study reveals that operational synergies, primarily driven by cost reductions and investment savings, are the most significant contributors to value creation in European M&A. Financial synergies, while present, have a more limited impact. Additionally, relational and network synergies emerge as crucial, enhancing firms’ positions within business networks. However, nonmarket synergies did not yield significant results, highlighting the challenges of quantifying intangible benefits. Firm characteristics such as board diversity and independence are found to positively influence the realization of these synergies. Practical implications For practitioners, the findings emphasize the importance of considering both traditional and emerging sources of synergies in M&A evaluations. Decision-makers should focus not only on operational efficiency but also on enhancing relational and network positioning to maximize postacquisition value. The study also highlights the role of strong governance, particularly board diversity and independence, in ensuring successful integration and synergy realization. Originality/value This study contributes to the existing literature by empirically validating previously unexplored synergies, particularly relational, network and nonmarket synergies, in the context of European M&A. By integrating network-based perspectives, it expands the scope of traditional synergy analysis and offers a more holistic view of value creation postacquisition. The research also provides practical insights by identifying key governance factors that influence the realization of these synergies, making it a valuable resource for both academics and practitioners.

Public Value Creation towards a Seamless End-To-End Services in E-Government: A Systematic Literature Review

Public Value Creation towards a Seamless End-To-End Services in E-Government: A Systematic Literature Review

From Shareholder Primacy to Stakeholder Approach: Readiness of Indian Firms for Value Creation and Distribution

With the fast adoption of the United Nations Sustainable Development Goals by firms, stakeholder value creation has been the focus of policymakers and corporate leaders across the globe. The present study focuses on India and intends to understand the readiness of Indian firms towards the adoption of stakeholder primacy and creating and distributing value for the stakeholders. For this purpose, qualitative research was undertaken, and an inductive approach was adopted wherein the researchers conducted five focus group discussions (FGDs). The discussants of FGDs included chief executive officers, directors and senior executives of various Indian firms. They were the decision-makers and influencers in their respective firms and were likely to impact on how the stakeholder approach is adopted, and how value is created and distributed among the stakeholders of those firms. The study provides evidence for the identification of various stakeholders by a firm. The data analyses also indicate that firms seek autonomy in creating and distributing value among their stakeholders, and a flexible approach for determining and distributing that value.

Smart cities policies for urban development: Systematic insight into public value creation

Nowadays, urban ecosystems require major transformations aimed at addressing the current challenges of urbanization. In recent decades, policy makers have increasingly turned their attention to the smart city paradigm, recognizing its potential to promote positive changes. The smart city, through the conscious use of technologies and sustainability principles, allows for urban development. The scientific literature on smart cities as catalysts of public value continues to develop rapidly and there is a need to systematize its knowledge structure. Through a three-phase methodological approach, combining bibliometric, network and content analyses, this study provides a systematic review of the scientific literature in this field. The bibliometric results showed that public value is experiencing an evolutionary trend in smart cities, representing a challenging research topic for scholars. Network analysis of keyword co-occurrences identified five different clusters of related topics in the analyzed field. Content analysis revealed a strong focus on stakeholder engagement as a lever to co-create public value and a greater emphasis on social equity over technological innovation and environmental protection. Furthermore, it was observed that although environmental concerns were prioritized during the policy planning phase, their importance steadily decreased as the operational phases progressed.

PERSONALITY TRAITS AND ENTREPRENEURIAL PERFORMANCE OF SMALL BUSINESSES

The need for entrepreneurs to achieve desirable results in their entrepreneurial acts cannot be over-emphasized. In achieving this, the personality factors of the entrepreneurs in planning and organising their business processes and activities play a crucial role. To this end, the study examined the role of personality traits in determining the entrepreneurial performance of small businesses in Lagos State. The study used a descriptive research design and a simple random sampling method. The primary source of data collection was through the use of a questionnaire, which was administered to 379 small business owners in Lagos State. The findings from the multiple regression analysis indicated that extraversion, conscientiousness, and openness to experience are personality traits that have a significant effect on business model innovation as well as the value creation of small businesses in Lagos State. It was concluded that personality traits determine small business performance in Lagos State. Based on this, the study recommended that small business owners in Lagos State should continue to exhibit more of their personality traits, especially extraversion and openness to experience the act of developing innovative models for business processes or activities. The study also recommended that small business owners focus on value creation by showing more personality traits, especially conscientiousness and openness to experience, than extraversion.

Penerapan Business Model Canvas untuk Pengembangan Bisnis TemplateKuy dalam Penyediaan Template Notion dan Spreadsheet

In the rapidly evolving digital era, effective business models are crucial for sustaining competitiveness. This research explores the application of the Business Model Canvas (BMC) to TemplateKuy, a digital platform providing Notion and Spreadsheet templates. The study aims to identify how BMC's nine components—customer segments, value propositions, channels, customer relationships, revenue streams, key resources, key activities, key partnerships, and cost structures—can be optimized for business growth and sustainability. A qualitative descriptive method was employed, involving interviews, observations, and SWOT analysis to evaluate TemplateKuy’s strategic positioning. The findings reveal that BMC helps TemplateKuy create tailored strategies that align with market demands, improve operational efficiency, and increase value for its users. However, challenges such as resource limitations and market competition persist. These results offer valuable insights for similar businesses aiming to leverage BMC for strategic planning. The study emphasizes the importance of continuous innovation and customer feedback to maintain relevance in the dynamic digital industry.

How to engineer sustainability: from resource-wise manufacturing towards ecosystem-wide impacts

Purpose This conceptual paper aims to present a perspective on how to engineer sustainability through the prism of Industry 4.0 technologies and outline propositions to guide future research. Design/methodology/approach This study presents a literature review developing four research propositions, focusing on the nine leading technologies underpinning Industry 4.0 to engineer economic, environmental and social sustainability dimensions. Findings The authors derive benefits and challenges of Industry 4.0 technologies across all three business model elements: value creation, value delivery and value capture. The authors derive those for the economic, environmental and social dimensions of sustainability. Thereupon, we develop several propositions for future research. Practical implications The authors provide suggestions to practice how to better achieve value in all three sustainability dimensions through implementing a business model perspective, ecosystem thinking, societal demands and Data Governance and AI integration. Social implications By linking societal aspects of Industry 4.0 technologies with environmental, and economic aspects, the authors provide several suggestions how to implement Industry 4.0. For instance, policymakers are recommended to support entire ecosystems than isolated solutions. Originality/value The paper contributes to extant literature by conceptualising how Industry 4.0 can leverage value in reaching sustainability in all three dimensions and produce broader ecosystems-wide impacts.

The Impact of Perceived Platform Interactivity on Customer Value Co-Creation ----Exploring the Mediating effects of Customer Inspiration and the Moderating effects of ethical perceptions

As the digital economy progresses, community group buying has emerged as a novel social retail model, reshaping traditional business structures. Customers play an increasingly pivotal role in the process of value creation, with their perceived value dictating market orientation and serving as the focal point for corporate value creation. However, effectively fostering customer co-creation of value remains an unresolved critical issue in this field. Diverging from previous studies, this research adopts an individual perception-based approach, employing social cognitive theory to construct an integrated theoretical model that explores how perceived platform interactivity influences customer co-creation behaviors. Data were collected through surveys conducted in Nanchang and Changsha, yielding 557 valid responses. Structural equation modeling was used for empirical analysis. The results indicate that perceived platform interactivity significantly positively affects customer participation behavior (β=0.503, p<0.001) and customer citizenship behavior (β=0.457, p<0.001). Customer inspiration plays a partial mediating role between perceived platform interactivity and value co-creation behaviors. Moreover, moral perception positively moderates the impact of perceived platform interactivity on value co-creation. This study not only enriches the theoretical exploration of customer value co-creation in the platform economy but also confirms that customer inspiration can supplement social cognitive theory's motivational constructs, expanding the theory’s applicability in digital marketing. The findings offer practical guidance for optimizing interaction design on community group buying platforms and stimulating creative customer engagement.

‘Bapedi A Re Boeleng Setṧong’ - Consequences of Undermining Ancestral Beliefs with Regards to the Concept of ‘Mohlobolo’ from Bapedi People’s Cultural Perspective

There appears to be an increasing interest in the integration of the concept ‘mohlobolo’ and traditional wedding ceremony (monyanya) in the Bapedi society, and this revives and strengthens Bapedi people’s traditional relationship with the ancestral realm. Strengthening interactions of ancestors of both families (bride and groom) through the significance role played by ‘mohlobolo’ has been a common practice for ages in the Bapedi society, but some families deliberately ignore this practice as the consequence of being mesmerized by external theological beliefs and modern technologies. There has been unsatisfactory integration of the concept ‘mohlobolo’ and traditional wedding ceremony even though Bapedi cultural heritage and identity advocates its use, and significant meaning stating that it strengthens the marriage relationship and preserves Bapedi people’s cultural wedding practice. Amongst Bapedi people, teamwork is preferable to get everyone involved and to facilitate ancestor veneration. This paper has its goal a drive to recognize ancestral beliefs as the foundation of a happy family and the creation of spiritual and religious values within Bapedi people’s cultural context. To address the objectives of this study, the following primary research questions were considered: 1) What are the consequences of undermining the pivotal role played by the concept ‘mohlobolo’ in traditional Bapedi wedding ceremonies? and 2) why are innocent children and grandchildren suffering because of the ignorance and negligence by their parents and grandparents? The primary sources for data collection include observations and oral interviews that were conducted through face-to-face interaction. The interviews were aimed at eliciting first-hand information on the knowledge of the subject matter. The secondary sources included among others, materials such as journal articles, books and theses, and of course personal experience. The results have shown that in the Bapedi society, some families are disintegrated as the consequence of undermining the pivotal role played by the concept ‘mohlobolo’. There appears to be unpleasant marriage relationship in some families; female partners cannot procreate, etc. It was concluded that ‘mohlobolo’ serves as the eternal bond between the families and the ancestors of the two families that are coming together through the bride and bridegroom.

How ESG corporate reputation affects sustainability premiums in the insurance industry

Based on increasing ESG awareness, executives, and investment professionals consider ESG factors in strategic and operational decisions. Like other companies, insurers recognize that the ESG transition offers opportunities for long-term value creation. In our research, we evaluate how ESG corporate engagement impacts an insurance company's balance sheet in economic and financial terms, unlocking financial resources throughout the sustainability premium. We resort to the theoretical paradigms of behavioral finance applied to actuarial portfolio evaluations. Our findings show that ESG engagement is significantly performing since it determines higher expected profits. We offer our framework as a tool for the strategic decision-making process.

Project leadership and representation: powering purposive social value

PurposeThe paper discusses sustainability, in terms of creating purposive social value, which is increasingly an inherent characteristic of project leading and doing. Consequently, project scholars are currently grappling with what purposive social value creation means to initiation and execution of projects.Design/methodology/approachIn line with recent development we offer reflections on the empowering nature of leadership enabling social value, its underlying forms of power and the dilemmas involved. Our theorizing is based on recent developments in literature on the value of sustainability in the context of projects, combined with literature on project leadership and reflections on the processes of power.FindingsBased on a process ontology, we suggest that leadership for purposive social value creation calls for a rethinking of leadership as an inclusive patterning of actions, making it relational, boundary spanning and socialized in nature and essentially entailing a politics of representation.Research limitations/implicationsThe paper is conceptual, so it has all the limitations of any conceptual paper that innovates a new field of inquiry. It is a not a hypothetic-deductively structured paper but is abductive in nature, combining disparate literary studies in a conceptual framework for further inquiry.Practical implicationsThe legitimacy of leadership for purposive social value does not reside in the singular formal position of a project leader but in its broader vesting and representation.Social implicationsThe paper calls for a rethinking of the nature of project leadership power relations, processes oriented toward the achievement of purposive social value and representation of interests.Originality/valueThis paper fulfills an identified need to study how purposive social value can be enabled by socialized and distributed project leadership that represents a broad-based and coherent conception of interests.

Research on Xiaomi's Business Model

In the context of a rapidly evolving technological landscape, it is imperative to gain insight into the fundamental principles underpinning the success of business models in this sector. This paper examines the strategic approach of Xiaomi, a leading technology company, with a view to elucidating the factors that have contributed to its considerable growth and market penetration. This paper focuses on Xiaomi's distinctive business model, which integrates internet, hardware and new retail concepts. It explores the company's value proposition, customer segmentation, sales channels, key resources, partnerships, revenue streams and cost structure through a comprehensive analysis. This paper specifically employs a strategic analysis framework to examine Xiaomi's strategies for building an ecosystem and penetrating overseas markets. The findings indicate that Xiaomi's success can be attributed to a cost-effective marketing strategy, robust Internet marketing capabilities, strategies for adapting to local markets overseas, robust ecosystem partnerships, and a symbiotic ecosystem encompassing smartphones, IoT products, and Internet services.

Contemporary Nationwide Assessment of Resource Utilization and Perioperative Outcomes in Open and Minimally Invasive Pancreaticoduodenectomy.

Background: While minimally invasive pancreaticoduodenectomy (MIPD) has historically demonstrated benefits over open pancreaticoduodenectomy (OPD), recent advances in perioperative care and surgical techniques may have impacted the relative advantages of these two approaches. This contemporary analysis examines national trends to assess potential differences in resource utilization metrics along with perioperative outcomes between the two approaches. Methods: We analyzed the Nationwide Inpatient Sample database for cancer patients who underwent pancreaticoduodenectomies from 2016 through 2020. We compared socio-demographics, length of stay (LOS), total charges, and perioperative complications between MIPD and OPD. Results: In this observational study, MIPD was associated with lower total charges ($97,470 vs $126,586), shorter LOS (5.05 vs 7.37days), and lower odds of perioperative complications (OR 1.40, 95% CI 1.18-1.65) compared to OPD. While total charges increased similarly in both groups over time, a declining trend in LOS was observed for OPD (11.49 to 10.36days). Non-white race and private/other insurance correlated with longer stays, higher charges, and more complications regardless of surgical approach. Conclusions: Despite the gradual improvements in LOS observed with OPD, MIPD demonstrated advantages in resource utilization metrics, indicating potential for reduced healthcare utilization and costs compared to the open surgical approach during the study period. Continued prospective investigation is warranted to comprehensively evaluate MIPD's value proposition.

ANALISIS STRATEGI PENGEMBANGAN USAHA MENGGUNAKAN BUSINESS MODEL CANVAS (STUDI KASUS DI KOLAM BENIH DAN KONSUMSI PEMUDA PEMBUDIDAYA IKAN LELE CILEUNYI KABUPATEN BANDUNG)

The purpose of this research is to analyze the business model of the Cileunyi Catfish Cultivation Youth Seed and Consumption Pool using the Business Model Canvas, and analyze the development strategy of the catfish farming business at the Cileunyi Catfish Cultivation Youth Seed and Consumption Pool. This research was conducted at the Catfish Cultivation Youth Seed and Consumption Pool, on Jalan Cibiru Beet Ds. Cileunyi Wetan Kec. Cileunyi Kab. Bandung, West Java. The research method used is a case study with a quantitative and qualitative approach. Data collection was carried out by observation, questionnaires, interviews, and literature studies. Respondents were taken by purposive sampling method with a total of 31 respondents. The analysis used is business model canvas analysis, and SWOT analysis. The results of the Business Model Canvas analysis, the authors identified key elements utilizing 9 variables, namely customer segments, value propositions, channels, customer relationships, revenue streams, key resources, key activities and cost structures that contribute to the success of the catfish farming business. The results of the SWOT analysis obtained the position of the X axis (0.17) and the Y axis (0.38) are in quadrant I, which means that the strategy applied is an aggressive strategy (S-O), namely utilizing existing strengths to seize the maximum opportunity.