Business Commons^™

The Performance Of Stock Portfolios: Evidence From Analysing Malaysia Case, And Implication For Open Innovation, Ariful Hoque, Sharmeen Rakhi, Kamrul Hassan, Thi Le

Research outputs 2014 to 2021

© 2020 by the authors. Licensee MDPI, Basel, Switzerland. This research examines the performance of the Islamic stock portfolio (ISP) and conventional stock portfolio (CSP) for the five industrial sectors and market in Malaysia. The capital asset pricing model statistics indicate that the ISP provides a higher return with a lower systematic risk compared to the CSP in different sectors; however, the ISP and CSP perform equally in the market. The non-parametric stochastic dominance approach reveals that the ISP is better than the CSP for portfolio return without considering the riskiness for all sectors except properties; further, the ISP outperforms …

Turnaround Management Of Airport Service Providers Operating During Covid-19 Restrictions, Bassam Buhusayen, Pi-Shen Seet, Alan Coetzer

Research outputs 2014 to 2021

© 2020 by the authors. Licensee MDPI, Basel, Switzerland. Many sectors worldwide have been impacted by government restrictions resulting from the COVID-19 pandemic. For example, restrictions on travel have resulted in major losses for organizations operating within the aviation sector. This study aims to emphasize the challenges faced by these organizations while they implement turnaround management strategies. The study is based on 30 semi-structured interviews with frontline managers working for airline service providers in three different departments of an airport in Australia. The organization has implemented several turnaround management strategies to survive the crisis caused by COVID-19 restrictions, creating new …

The Influence Of The Chinese Government's Political Ideology In The Field Of Corporate Environmental Reporting, Hui Situ, Carol Tilt, Pi-Shen Seet

Research outputs 2014 to 2021

© 2020, Hui Situ, Carol Tilt, Pi-Shen Seet. Purpose: In a state capitalist country such as China, an important influence on company reporting is the government, which can influence company decision-making. The nature and impact of how the Chinese government uses its symbolic power to promote corporate environmental reporting (CER) have been under-studied, and therefore, this paper aims to address this gap in the literature by investigating the various strategies the Chinese government uses to influence CER and how political ideology plays a key role. Design/methodology/approach: This study uses discourse analysis to examine the annual reports and corporate social responsibility …

Integrated Assessment—How Does It Help Unpack Water Access By Marginalized Farmers?, Serena H. Hamilton, Wendy S. Merritt, Mahanambrota Das, M. Wakilur Rahman, Sumana S. Bhuiya, Lucy Carter, Michaela Cosijn, Christian H. Roth, Sambhu Singha, Geoffrey J. Syme

Research outputs 2014 to 2021

© 2020 by the authors. Licensee MDPI, Basel, Switzerland. Water is critical to the lives and livelihoods of rural communities in developing countries; however, access to water can be inequitable within communities. This paper uses a generalized integrated assessment approach to explore the determinants of water access by marginalized farmers in two villages in coastal Bangladesh, before and after the setup of local water institutions. The study was part of a broader project aimed at promoting socially inclusive agricultural intensification. An integrative framework was developed in this study to capture and link the diverse range of factors that influence the …

Understanding Factors That Enable And Inhibit Assessment Of Outcomes Of Competence Development, Andreas Wallo, Henrik Kock, Daniel Lundqvist, Alan Coetzer

Research outputs 2014 to 2021

© The Author(s) 2020. Employee participation in formal and informal learning is essential for the economic viability and competitive advantage of organizations. Therefore, assessing outcomes of competence development activities is important. However, this domain of human resources (HR) practice is often neglected because of factors that are not well understood. Accordingly, this article addresses the question: What factors enable and inhibit HR professionals in assessing outcomes of competence development activities and initiatives? To answer this question, we conducted a review of articles that examine assessment of outcomes of competence development activities. The primary purpose of the review was to identify …

The Macroeconomic Factors Affecting Government Bond Yield In Indonesia, Malaysia, Thailand, And The Philippines, Benny Budiawan Tjandrasa, Hotlan Siagian, Ferry Jie

Research outputs 2014 to 2021

© The author(s) 2020. This publication is an open access article. © Benny Budiawan Tjandrasa, Hotlan Siagian, Ferry Jie, 2020 The government bond (GB) has become the most attractive investment portfolio option, even though many macroeconomic factors affect the bond yield. This paper aims to investigate the determining factor of local currency government bond yield by considering the inflation rate, credit default swap, stock market index, exchange rate, and volatility index. This study used 240 data panel from the Bloomberg stock market in the form of data panel covering Southeast developing countries, namely Indonesia, Thailand, Malaysia, and the Philippines, for …

Pro-Human Economic Indicators And Their Relationship With Environmental Sustainability In Asean Countries: Analyzing Human Capital Investment, Brain Drain And Immigration Through Panel Data, Soheil Kazemian, Ahmed Abdullah Saad Al-Dhubaibi, Norlaila Md Zin, Zuraidah Mohd Sanusi, Zalina Zainudin

Research outputs 2014 to 2021

© 2020 The focus on the human development indicators has been increasing. A number of studies focusing on the institutional and economic effects of immigration, brain drain and development of human capital through increased investments has been performed. However, the present study evaluates the effects of these variables on the environmental sustainability of the ASEAN countries for the period ranging 1990-2019. The study evaluates the causal and magnitude of these indicators on the environmental sustainability. The study focuses on the evaluation of the data by means of a unit root test, panel cointegration test, estimation procedure and the causality analysis. …

Understanding Early-Stage Firm Performance: The Explanatory Role Of Individual And Firm Level Factors, Pi-Shen Seet, Noel Lindsay, Fredric Kropp

Research outputs 2014 to 2021

Purpose:

This study presents and validates a theoretical model linking individual characteristics of the founding or lead innovative entrepreneur of a start-up venture – the entrepreneur’s values, entrepreneurial attitudes and entrepreneurial self-efficacy – to the firm’s entrepreneurial orientation (EO) and market orientation (MO) and, ultimately, to firm performance.

Design/methodology/approach:

We conducted a survey on a stratified random sample of founders of early-stage South Australian micro- and small enterprises with a response rate of 24% (N 5 204). Structural equation modelling was used to evaluate the model.

Findings:

The study found that there is a significant relationship between the individual lead …

Green Human Resource Management: A Two-Study Investigation Of Antecedents And Outcomes, Azadeh Shafaei, Mehran Nejati, Yusmani Mohd Yusoff

Research outputs 2014 to 2021

Purpose

The study aimed to provide insights on antecedent and outcome of green HRM at the organisational level and the outcome of green HRM at the individual level. It also sought to examine the mechanism through which green HRM would lead to employees’ positive outcome.

Design/methodology/approach

A quantitative study design using a two-study approach was employed to collect and analyse the data. For study 1, 206 hotels from Malaysia were included in analysis at the organisational level, while in study 2 at the individual level, 508 employees from different sectors provided insights through an online questionnaire. For both studies, partial …

Does R&D Expenditure Volatility Affect Stock Return?, Erwei Xiang, Dominic Gasbarro, Grant Cullen, Wenjuan Ruan

Research outputs 2014 to 2021

The relation between the volatility of R&D expenditure and stock return may be influenced by disruptive adjustment costs, emerge from earnings management, or reflect the actions of managers attempting to control the overinvestment of technocrats. Using 5,178 publicly listed US firms from 1980 to 2018, we find a negative relation between R&D volatility and return, which is moderated by firm size. We conclude that investors react negatively to the disruptive effect of changes to R&D expenditure, except for small firms. In small firms, the benefit of the governance mechanism of varying R&D expenditure to control overinvestment outweighs the cost of …

Psychosocial Work Environment, Work Engagement, And Employee Commitment: A Moderated, Mediation Model, Stephen T.T. Teo, Tim Bentley, Diep Nguyen

Research outputs 2014 to 2021

This paper contributes to the growing body of literature on the wellbeing of hospitality employees from a perspective of strategic human resource management. The role of high performance work systems (HPWS) in enhancing the affective commitment of hospitality employees is examined. The study found work engagement to mediate the relationships between HPWS, perceived organizational support, and affective commitment. Workplace bullying, a highly prevalent phenomenon in the hospitality sector, was found to mediate the relationship between HPWS and affective commitment, while psychosocial safety climate moderated this mediating impact. We will suggest the implications for managing psychosocial work hazards in hospitality organizations.

The Effect Of Switching Cost And Product Return Management On Repurchase Intent: A Case Study In The B2b Distribution Channel Context In Indonesia, Stanley Utomo Lesmono, Thomas Santoso, Serli Wijaya, Ferry Jie

Research outputs 2014 to 2021

Business-to-Business (B2B) market normally deals with fewer customers; thus it creates a close relationship between customers and sellers. This relationship must be managed in a way so that it can encourage customer willingness to purchase again. As such, switching cost risk will become less as the customers keep buying from the same channel. At the same time, good return management system also plays an important role for stimulating re-purchase intent in addition to other factors such as customer satisfaction and customer value. This study aimed to analyse the effect of switching cost and product return management on re-purchase intent with …

‘I’M My Own Boss…’: Active Intermediation And ‘Entrepreneurial’ Worker Agency In The Australian Gig-Economy, Tom Barratt, Caleb Goods, Alex Veen

Research outputs 2014 to 2021

Platform firm in the gig-economy are disrupting work as a social practice, production systems and recasting capital-labour relations. This qualitative study examines worker agency in the Australian food-delivery sector; a segment where platforms actively intermediate both product and labour markets. Within this sector, worker agency poses a potential challenge to platform-organisations; however this study reveals how these platforms’ work organisation and market regulation constrain agency potential. Shaped by the work’s spatio-temporal features, organisational fixes and institutional context, it is shown how food-delivery workers, transiently attached to the labour market, predominantly engage in ‘entrepreneurial agency’ – a low-level agency expression aimed …

Investigating The Drivers In Selecting Third Party Logistics (3pl) Provider: A Case Study From Indonesian Manufacturing Industry, Ilyas Masudin, Suci Dewi Ayurarasati, Ferry Jie, Dian Palupi Restuputri

Research outputs 2014 to 2021

Logistics activities have become much concerned by many companies in term of an effective and efficient selection of Third-Party Logistics (3PL) provider. The use of 3PL providers and its effects to the customer satisfaction is mostly discussed in the case of manufacturing industry considering information technology variable, but the inclusion of trust as moderating variable between customer loyalty and customer satisfaction is limited. In addition, the involvement of these variables will also be a reference for 3PL providers to improve their services. This article aims to identify the factors considered by Indonesian companies in selecting 3PL. Respondents of this research …

Enabling The Development Of Enterprise Capabilities Among Higher Education Students Through Work-Integrated Learning In Coworking Spaces, Denise Jackson, Hairong Shan, Susan Meek

Research outputs 2014 to 2021

This project trialled an innovative, scalable model of work-integrated learning (WIL) in micro-businesses in a coworking space. WIL embeds industry and/or community engagement into the curriculum through authentic learning and assessment activities. This project focused on workplace-based WIL, specifically, business students undertaking internships in a cluster of coworking spaces—under the umbrella of ‘Spacecubed’—in Perth CBD, Australia.

The project aims were broadly 1) to trial and evaluate ways to enhance enterprise capabilities among business students through WIL and 2) to introduce a model of WIL that overcomes some of the barriers that have previously prevented smaller organisations from participating in WIL. …

Network Rivalry, Competition And Innovation, Peter Galvin, Nicolas Burton, Prakash J. Singh, David Sarpong, Norbert Bach, Stephen Teo

Research outputs 2014 to 2021

Strategy, structure and rivalry across an industry has an impact upon innovation outcomes at the industry level. However, when patterns of rivalry are altered through the presence of strategic networks (sets of firms that cooperate closely on the basis of their web of strategic alliances) it is not clear what impact this has upon product market (price) competition and in factor markets (patents). Using data from the motor vehicle industry, we find only limited support for the notion that competitive responses vary with changes in network-level rivalry most likely due to co-opetition and a lack of stability across the networks. …

Challenges And Trends In Sustainable Corporate Finance: A Bibliometric Systematic Review, Tad Dat Bui, Mohd Helmi Ali, Feng Ming Tsai, Mohammad Iranmanesh, Ming-Lang Tseng, Ming K. Lim

Research outputs 2014 to 2021

Sustainable corporate finance is an attractive field of study in sustainability literature; however, the literature lacks systematic bibliometric analysis that provides a comprehensive review to clarify state-of-the-art sustainable corporate finance and that discusses new opportunities and potential instructions for further studies. To address this gap, this study adopts a literature review, bibliometric analysis, network analysis and co-wording technique to systematically investigate the Scopus database. In total, 30 keywords listed at least three times are used and are divided into six clusters considering six fields of research, namely, corporate finance in corporate sustainability, sustainable competitive advantages, sustainable stakeholder engagement, circular economy, …

Stochastic Volatility And Garch: Do Squared End-Of-Day Returns Provide Similar Information?, David Edmund Allen

Research outputs 2014 to 2021

The paper examines the relative performance of Stochastic Volatility (SV) and GARCH(1,1) models fitted to twenty plus years of daily data for three indices. As a benchmark, I use the realized volatility (RV) for the S&P 500, DOW JONES and STOXX50 indices, sampled at 5-minute intervals, taken from the Oxford Man Realised Library. Both models demonstrate comparable performance and are correlated to a similar extent with the RV estimates, when measured by OLS. However, a crude variant of Corsi’s (2009) Heterogenous Auto-Regressive (HAR) model, applied to squared demeaned daily returns on the indices, appears to predict the daily RV of …

Identifying Firm Resources And Capabilities For Successful Export: The Case Of Regional Sme Premium Food Producers, Han Ding, Oscar Vorobjovas-Pinta, Louise Grimmer

Research outputs 2014 to 2021

Identifying factors that inform export activities has received attention in the literature, but there are fewer studies examining the resources and capabilities required by SMEs operating in regional areas. Small businesses face a number of challenges including resource constraints and lack of access to financial capital. For SMEs operating in regional, rural and remote areas, these challenges are amplified. Using the lens of Resource-Based theory, this study aims to identify specific resources and capabilities that enable small premium food producers to undertake export into foreign markets. This exploratory study utilized semi-structured interviews with (N = 7) SMEs operating in Tasmania, …

Commemorative Insights: The Best Of Life, In Death, Martin Maccarthy, Ker Ni Heng Rigney

Research outputs 2014 to 2021

This study explores visitor experience at the National Anzac Centre in Western Australia using multiple qualitative methods. Initially, Nethnography is used to assemble a blend of lived experience and online non-dialogical commentary. Nethnography (an alternative to Netnography) is used here as a mechanism for data grooming. Three data sets inform this study: 500 Trip Advisor comments, 500 Visitors’ Book comments and four days of participant observation. The data are then analysed using Reflexive Thematic Analysis and Leximancer in the unsupervised mode. This methodological collage is designed to improve the veracity of interpretation through both lived experience and triangulation across data …

A Network Perspective Of Knowledge Transfer In Tourism, Hossein Raisi, Rodolfo Baggio, Llandis Barratt-Pugh, Gregory Willson

Research outputs 2014 to 2021

Efficient transfer of knowledge is the prerequisite for innovation and competitiveness of tourism destinations. This paper uses network analysis to examine inter-organizational knowledge transfer in Western Australian tourism. The findings indicate that Western Australian network has low connectivity and is highly centralized around public bodies with a hierarchical pattern. The network also exhibits few reciprocal relationships with limited boundary spanners. The findings improve the understanding of the Western Australian tourism knowledge network, its weaknesses and strengths, which can be used to make policies to have a more efficient and innovative destination. In addition, this research provides a model for future …

A Third Dimension In The Mirror? How Senior Managers Design Products And Organizations, Norbert Bach, Peter Galvin

Research outputs 2014 to 2021

Individual CEO characteristics may affect architectural choices through the application of managerial discretion. Systems such as organizations and their products are not purely driven toward modularity because of external forces. Individual CEO characteristics may constitute an additional dimension to established mirroring considerations that impacts both the choice of architecture and the correspondence between product and organization architectures.

A Comprehensive Stability Indicator For Banks, Robert J. Powell, Duc H. Vo

Research outputs 2014 to 2021

Stability indicators are essential to banks in order to identify instability caused by adverse economic circumstances or increasing risks such as customer defaults. This paper develops a novel comprehensive stability indicator (CSI) that can readily be used by individual banks, or by regulators to benchmark financial health across banks. The CSI incorporates the three key risk factors of Creditworthiness, Conditions and Capital (3Cs), using a traffic light system (green, orange and red) to classify bank risk. The CSI achieves similar outcomes in ranking the risk of 20 US banks to the much more complex US Federal Reserve Dodd–Frank stress tests.

Do We Need Stochastic Volatility And Generalised Autoregressive Conditional Heteroscedasticity? Comparing Squared End-Of-Day Returns On Ftse, David E. Allen, Michael Mcaleer

Research outputs 2014 to 2021

The paper examines the relative performance of Stochastic Volatility (SV) and Generalised Autoregressive Conditional Heteroscedasticity (GARCH) (1,1) models fitted to ten years of daily data for FTSE. As a benchmark, we used the realized volatility (RV) of FTSE sampled at 5 min intervals taken from the Oxford Man Realised Library. Both models demonstrated comparable performance and were correlated to a similar extent with RV estimates when measured by ordinary least squares (OLS). However, a crude variant of Corsi’s (2009) Heterogeneous Autoregressive (HAR) model, applied to squared demeaned daily returns on FTSE, appeared to predict the daily RV of FTSE better …

The Use Of Twitter For Innovation In Business Markets, Helen Cripps, Abhay Singh, Thomas Mejtoft, Jari Salo

Research outputs 2014 to 2021

Purpose

The purpose of this research is to investigate the use of Twitter in business as a medium for knowledge sharing and to crowdsource information to support innovation and enhance business relationships in the context of business-to-business (B2B) marketing.

Design/methodology/approach

This study uses a combination of methodologies for gathering data in 52 face-to-face interviews across five countries and the downloaded posts from each of the interviewees' Twitter accounts. The tweets were analysed using structural topic modelling (STM), and then compared to the interview data. This method enabled triangulation between stated use of Twitter and respondent's actual tweets.

Findings

The research …

How Special Is Special Interest Tourism – And How Special Are Special Interest Tourists? A Perspective Article In A Chinese Context, Jun Wen, Mao-Ying Wu

Research outputs 2014 to 2021

Special interest tourism has emerged as a valuable niche market for tourism destinations in the past decade. However, tourism scholars have generally struggled to answer McKercher and Chan’s [2005. How special is special interest tourism? Journal of Travel Research, 44(1), 21–31] question, ‘How special is special interest tourism?’ Such ambiguity extends to the related enquiry, ‘How special are special interest tourists?’, in attempting to define special interest tourists. This perspective research letter discusses these questions in terms of Chinese outbound tourism. Based upon the reflection of previous research, the authors’ thoughts and ongoing research in this area, knowledge …

Perceived Justice, Community Support, Community Identity And Residents’ Quality Of Life: Testing An Integrative Model, Lujun Su, Songshan (Sam) Huang, Mehran Nejati

Research outputs 2014 to 2021

This study tested an integrative model to investigate the effect of perceived justice, in its three dimensions (procedural, distributive, and interactional), on destination residents’ quality of life (QOL) with perceived community support and community identification as mediators. Analysis on a sample of 453 Gulangyu Island residents in China shows that procedural and interactional justice positively influenced perceived community support, whilst procedural and distributive justice positively affected community identification; both perceived community support and community identification contributed to resident QOL. This study offers a new perspective on how to improve resident QOL in tourist destinations. Theoretical and marketing implications are discussed.

Mapping Product And Service Innovation: A Bibliometric Analysis And A Typology, Anton Klarin

Research outputs 2014 to 2021

Research conducted in the innovation field lags behind organizations’ general technological development and innovativeness. Literature that previously depicted innovation types in developed markets is markedly different from progressively publicized emerging market innovation types. While capital-abundant firms tend to engage in respective pioneering and incremental innovation loops, resource-constrained firms and firms in emerging countries may partially free-ride on existing products and services through innovations such as copycat and frugal. To date, there have been no attempts to holistically consolidate product and service innovation types into one overarching typology. Using novel methods of text mining and co-citation analysis, this study systematically maps …

Using Smartwatches For Fitness And Health Monitoring: The Utaut2 Combined With Threat Appraisal As Moderators, Phaik Khee Beh, Yuvaraj Ganesan, Mohammad Iranmanesh, Behzad Foroughi

Research outputs 2014 to 2021

Recent advancements in smartwatch technology have led to several applications in continuous fitness and health monitoring. Considering the benefits of smartwatches, their low level of usage for fitness and health monitoring purposes, and the limited understanding of determinants of their usage, this study advances the body of knowledge by developing an innovative and comprehensive research model that integrates the extended unified theory of acceptance and use of technology (UTAUT2) with perceived vulnerability and perceived severity as moderators. The model was tested using partial least squares (PLS), in a quantitative study with data from 271 respondents from Malaysia. The results showed …

Enabling The Transfer Of Skills And Knowledge Across Classroom And Work Contexts, Denise Jackson, Jenny Fleming, Anna Rowe

Research outputs 2014 to 2021

Increasingly, contemporary work means graduates will operate in multiple workplace settings during their careers, catalysing the need for successful transfer of capabilities across diverse contexts. The transfer of skills and knowledge, however, is a complex area of learning theory which is often assumed and lacks empirical analysis. Facilitating transfer is critical for preparing students for effective transition to the workplace. Work Integrated Learning (WIL) provides an opportunity for tertiary education students to ‘practice’ transfer across classroom and work settings. Building on existing scholarship and using a mixed-methods design, this study aimed to explore the nature of transfer across these contexts …