Business Commons^™

Determinants Of Loan Repayment Performance Of Micro And Small Enterprises: Empirical Evidence From Somali Regional State, Ethiopia, Yitbarek Weldegerima Kiros Mr.

The Journal of Entrepreneurial Finance

Microfinance Institutions (MFIs) were introduced to reach a large number of active poor people who are excluded from the formal financial institutions due to rigorous collateral requirements. As an instrument of MFIs, Microfinance was introduced to address the financial need of the active poor people. To operate successfully MFIs have to unquestionable ensure that the loan expended to the Micro and Small Enterprises (MSEs) have to be repaid back so as he MFIs can have a financially sustainable and viable operation. In light of this, this research study was conducted to analyze the factors affecting loan repayment of MSEs financed …

Islamic Profit And Loss Sharing Contracting Versus Regular Equity In Entrepreneurial Finance: Risk Sharing And Managerial Incentives, Abdulali Hadizada, Peter Nippel

The Journal of Entrepreneurial Finance

An entrepreneur shares business risk with the investors providing capital for her firm. Risk sharing is per se beneficial, but also results in an agency problem from diminished incentives for the entrepreneur. This classical trade-off depends on the financial contracting between the entrepreneur and the financier. As an alternative to debt or equity, we consider musharaka financing, an Islamic profit and loss sharing contract. First, we show that debt is inferior to equity or musharaka even though debt financing ensures first best efforts in our model. Whether financing with equity or by use of musharaka results in higher utility for …

The Economic Crisis Index Quarterly Update Q4 2022, Darrol J. Stanley, Donald M. Atwater

Graziadio Working Paper Series

As shown in the chart “ECI Quarterly Series: 2017-2022, the last quarter of 2022 (Q4 2022) index (38.9) remained high but dropped slightly from Q3 2022 index (40.8). This quarterly data updates the base working paper Unmasking the Tripping Point for the next U.S. Financial Crisis. This paper can be retrieved at: https://digitalcommons.pepperdine.edu/graziadiowps/

Call For Research: Towards The Right-Sizing Of Regulations For Business Performance, Brian Mulligan, Nelson Granados

Graziadio Working Paper Series

Nobel Prize Laureate Hayek warned the U.S. was susceptible to wrong-sized regulations leading to market failure. We seek to understand where we are relative to Hayek’s portention, the effects of regulations on business performance, and how to right-size regulations to establish a healthy business environment. Previous research contains different underlying evidence and methods because they are from diverse, bias, incomplete, or propagandized angles, making productive discourse difficult and increasing epistemological polarity. Thus, this paper is a call for research to quantify the costs and benefits of regulation on business, with specific requests for action on contemporary regulatory dilemmas. The spectrum …

Technology, Gender And Organizations: A Systematic Mapping Study, Gonzalo Valdes, Bobbi Thomason, Andrea Bentancor, Isidora Jeria, Constanza Troncoso

All Faculty Open Access Publications

In this article, we employed a systematic mapping methodology to examine the existing literature at the intersection of technology, gender and organizations. While much has been written about gender in organizations, the research has not consistently considered that modern organizations are increasingly technology-driven - in technology may lie an underexplored lever that could help expand our understanding of gender issues at the workplace. By analyzing a final sample of 168 research papers, we found that two main forms of conceptualizing technology emerged: technology as culture and technology as tools. Papers in the first category are concerned with environments in which …

Entrepreneurial Ecosystems And Industry Knowledge: Does The Winning Region Take All?, Yating Li, Martin Kenney, Donald Patton, Abraham Song

All Faculty Open Access Publications

Entrepreneurial ecosystems (EE) are composed not only of startups but also the organizations that support them. Theory has been ambivalent about whether an EE is spatially bounded or includes distant organizations. This exploratory study uses a time series of all Internet industry initial public offerings (IPO) to explore the locational changes not only of startups but also four key EE service providers: lawyers, investment bankers, venture capitalists, and board directors. We find that while the startups became only slightly more concentrated, the EE service providers concentrated more rapidly, as an industry center in Silicon Valley emerged. Our results suggest that …

About Her Business: The Making Of The Black Female Entrepreneur, Selina Steward

Theses and Dissertations

This qualitative research explored the lived experiences of Black women in the United States who have managed to establish and sustain successful businesses. This research seeks to explore the vicissitudes and challenges of Black female entrepreneurship, as well as the strategies employed by Black women to achieve successful business ownership. The researcher interviewed 15 Black businesswomen with intimate knowledge of the phenomenon of interest using a purposive sample technique. Employing a phenomenological approach and semi-structured interview questions, this study uncovered connections between previously identified challenges in the literature and recommendations for the next generation of Black female entrepreneurs. Learning from …

Thriving In A Vuca World: A Case Study Exploring Geopolitically- Focused Intelligence Teams In The Private Sector Through A Systems Theory Lens, Angela Lewis

Theses and Dissertations

For several decades, business executives have been faced with increasing complexity in the global environment, including disruptions, rapid changes, and heightened global pressures. In an effort to maintain a strategic advantage, business leaders are increasingly leveraging geopolitically-focused strategic intelligence teams to accurately and concisely synthesize large quantities of data to support high-level business decision making. However, limited research has been conducted on the organizational development of these teams, the context in which they exist, and how they can most effectively support differing and evolving decision-maker needs. As these teams have the potential to have an outsized impact on global business …

Scandinavian Work-Life Balance Experience: Its Implementation In The United Arab Emirates (Uae) Happiness Context, Maktoom Al Mazrouei

Theses and Dissertations

Employee happiness and satisfaction are unanimously correlated to enhanced levels of productivity and efficiency, making them important for employees and employers. Scandinavian countries consistently rank highly on the world happiness index and correspondingly possess comparatively happier employees in their workplaces. Aside from the structural setting, internal components, and atmosphere of the workplace, it is primarily understood that the initiatives undertaken by Scandinavian countries in relation to the concept of work life balance are significantly important. The concept of work-life balance is cognizant of an employee’s struggle in maintaining equilibrium between work and personal life. This study could aid the United …

Consistencies And Inconsistencies In The Application And Mechanisms Of Corporate Social Responsibility: A Case Study Approach To Seeking Clarification, Melissa Cook

Theses and Dissertations

While the idea of corporate responsibility emerged in the 1950s and 1960s, awareness of the ideas that comprise Corporate Social Responsibility (CSR) has increased over the last few years. Although there are numerous CSR reviews published, and despite increasing public awareness regarding CSR, a unified definition and framework remain elusive. The problem is that many leaders do not understand CSR and are simply not integrating it into their strategic management process. The purpose of this qualitative research case study was to explore and examine consistencies and inconsistencies in the application and mechanisms of CSR by examining the extent that CSR …

High Potential Programs In Professional Service Firms, Charlene Robison

Theses and Dissertations

This study examined whether a mixed-cohort of billable and non-billable (e.g., marketing, human resources, accounting, technology) participants in a high-potential development program is beneficial to the organizations that utilize this development approach and to the participants in such programs. This research focused on professional service firms with time-defined and structured high-potential programs. This study utilized a mixed-method design and gathered data in two phases: a survey and a focus group. These methods were used to obtain participant sentiments of participating in their respective high-potential programs. Twenty-five high-potential professionals completed the survey and six participated in the focus group. The study …

Developing Psychological Safety In Technical Teams, Susan Ellen Clayton Nakashima

Theses and Dissertations

Being promoted from an individual contributor to a supervisor brings new challenges and opportunities. One challenge new supervisors face is creating and fostering a psychologically safe environment to encourage teams’ interpersonal risk taking. This research introduces the antecedent of first level technical leaders perceived transformational leadership training on team members psychological safety. A study of 92 technical teams (400 participants across nine companies, three industries, and four US regions) measured the impact of four hypotheses related to psychological safety. A positive relationship between leaders training and team psychological safety was discovered. The highly correlated variables, training and emotional intelligence, led …

How Technology Can Advance Port Operations And Address Supply Chain Disruptions, Kevin Dowgiewicz

Theses and Dissertations

Supply chain disruptions continue to be a significant challenge as the world economy recovers from the pandemic-related shutdowns that have strained global supply chains. Shocks challenge the adaptability and resilience of maritime ports. The reaction of automated container terminals to supply chain disruptions has renewed interest, given the dramatic scenes of ships anchored for weeks. In this dissertation, I provide a vision of how technology can enhance a port’s ability to anticipate and handle shocks by improving coordination, cooperation, and information exchange across port stakeholders. The vision will be helpful for academics and practitioners to perform research that advances theory …

Change Readiness And The Mediating Role Of General-Dispositional Internal Structures, Genevieve Joy Clark

Theses and Dissertations

This case study offers insight toward the impact of the general-dispositional, internal structures on a planned organizational change in the field of education. The process used and the findings of this may be applicable to a variety of fields. Stones’ strong structuration (2005) served as the theoretical framework guiding this study, though Chater and Loewenstein’s (2016) model of sensemaking offers supplementary consideration.

The context for study was the shift to virtual learning because of the COVID-19 global pandemic and subsequent closure of schools beginning in March 2020. This empirical study examined agents-in-situ’s response to the change, including the structuring interactions …

Data Envelopment Analysis As A Benchmarking Application For Humanitarian Organizations, Dan Rodman

Theses and Dissertations

Humanitarian aid organizations are under tremendous pressure and competition for donor funds to sustain their operations. However, donor contribution levels have remained relatively stagnant over the past five years and are unlikely to grow in the foreseeable future. Additionally, donor policies and mandates have added pressure on humanitarian aid organizations to comply with new and more complex requirements.

Many humanitarian aid organizations work in some of the most challenging areas of the world, where conflict, famine, environmental, economic, and cultural challenges are prevalent. Given all these factors, a novel form of performance and efficiency measurement is needed to evaluate the …

Impact Of Internal Corporate Social Responsibility Factors On The Employee’S Innovation Climate In The Medical Diagnostics Industry, Sofia M. Beglari

Theses and Dissertations

This study examined the relationship between employee-driven corporate social responsibility (CSR) factors and employee innovation in U.S. medical diagnostic companies during the respiratory syndrome coronavirus (COVID) pandemic. This study examined what employee-driven CSR factors affect such motivation of employees toward innovation. The research population was employees who have worked in operation, quality control, research, technical, and management departments of medical diagnostics companies in the United States of America. The investigator used a survey questionnaire for this correlation design study. Employees’ responses were analyzed based on education level, gender, and job function using descriptive analysis, t-test, and ANOVA-test. The theoretical framework …

Corporate Activism Best Practices In The Age Of Social Media, Fransisco Flores

Theses and Dissertations

Corporate activism, or the act of corporations speaking out on sociopolitical issues, has become more common with technological advances and social media access. Corporations’ role in society has evolved to include non-economic functions that aim to improve societal conditions. Despite corporations fulfilling additional societal roles, they face increased scrutiny from shareholders and stakeholders alike. Speaking out on social issues or staying silent causes ripple effects amongst their internal and external networks. Speaking out on social media while working for a private or publicly traded corporation can be challenging as it entails weighing a wide array of conditions, stakeholder desires, and …

Board-Level Sustainability Paradoxes, Robert S. Bikel

Theses and Dissertations

Managing sustainability in for-profit organizations can give rise to multiple tensions, including those between financial and social objectives or meeting competing stakeholder demands on the firm. Recent research into these tensions suggests that framing them paradoxically, as competing objectives that are interconnected and persist through time, can help to manage those tensions and may even promote innovative solutions. This research project, consisting of two complimentary papers, examined how a paradox approach might help directors on the boards of for-profit companies more productively manage sustainability. Specifically, it examined how a paradox mindset, a willingness to embrace multiple tensions among competing objectives, …

Behaviors That Impact The Economic Outcomes Of Mergers & Acquisitions; The Premium Price Paid And Return On Investment, Darryl Laws

Theses and Dissertations

This quantitative study explores the impact of overconfidence bias, lying for strategic advantage, and co-operation (or non-cooperation) among 29 highly experienced private equity fund and investment managers. Using four structured experiments, M&A professionals were assigned buyer and seller roles and allowed to choose among investment opportunities. Within a game theory framework, the buyers and sellers bargained over the purchase price. The results of these experiments were explored using a linear regression format. The skill level of the participants was measured using a financial literacy test prior to the experiments and two overconfidence measures were constructed. Lying for strategic advantage was …

Impact Of Leadership Skills On Entrepreneurs’ Business Success In Saudi Arabia, Omar Alaqeel

Theses and Dissertations

Most entrepreneurial businesses fail within the first 5 years of establishment. One of the major causes is the lack of leadership skills by the entrepreneurs. The aim of this quantitative study was to define the leadership skills that were required by entrepreneurs in Saudi Arabia in creating and sustaining entrepreneurial business successfully beyond 5 years and to identify the environmental factors affecting entrepreneurship ecosystem in Saudi Arabia. The population of interest in this study was entrepreneurs from Tasamy in Saudi Arabia. Tasamy is a non-profit organization that focuses on supporting entrepreneurship in Saudi Arabia. To answer the research questions for …

Beyond The Green Iron Cage: Exploring The Macro And Micro-Level Influences On Executive Decisions About Sustainability Investments In Small And Medium Size Firms, Igor Estraykh

Theses and Dissertations

Although research on corporate environmental sustainability has shed light on different aspects of organizational and individual level factors that influence corporate decisions, it does not fully account for how individual executives within firms react to these forces and make decisions, specifically within small to medium size enterprises (SMEs). This study used a grounded theory approach to interview 19 SME executives from 13 different industries to explore how organizational and individual level factors influence their ability to evaluate and make decisions related to sustainability initiatives. The study found that SME executives faced isomorphic pressures for sustainability, individual agency pressures, significant resource …

How Job Function Characteristics Impact Performance Of Diverse Teams In High-Tech Industry, Angela Fong

Theses and Dissertations

This study examines the effect of diversity in the technology industry across different technical job functions and the possible moderating factors. One-on-one interviews were conducted with 16 participants who have different demographic characteristics and different job roles across multiple companies in the United States. It was found that about two-thirds of participants do not perceive diversity as having any positive or negative impact on the outcomes of work teams. The other participants believe that there are positive effects, but it is inconclusive when it comes to whether certain types of diversity result in better team outcomes. The results also reflect …

New Product Development System Fit For Innovative Performance, Tad V. Machrowicz

Theses and Dissertations

Innovation is an imperative for long-term health and shareholder returns in firms dependent on product development. Yet, most companies struggle with the tension between creative ideation and implementation. Effectively finding new sources of revenue and improving and profiting from existing products and services reflects a product development ambidexterity challenge. Surveys were collected from 212 development team members representing 31 teams from the transportation, aerospace, and chemical sectors to understand if a new product development (NPD) system’s ambidexterity supported team level innovation performance. When NPD systems are perceived by development team users as ambidextrous structures, their combined ideation and implementation strength …

The Impact Of A Mindfulness Practice On The Effects Of Emotional Labor, Lauren Dainko

Theses and Dissertations

Mindfulness meditation has become a staple practice for those looking to improve the self and become connected to the present moment. With the growing number of tools available, mindfulness base practices have stretched beyond the areas of self-improvement and have entered into the workplace. Companies are leveraging the benefits that come from a mindfulness- based practice, having their leadership teams take part to help improve the lives of their employees and their businesses.

This study takes an in-depth look at how a daily mindfulness practice influences customer service professionals. Specifically narrowing in on the ways a mindfulness practice impacts the …

Creating Attractive Organizations For First-Generation Americans, Joshua C. Carson

Theses and Dissertations

First-generation Americans (FGAs) entering the work force can help American organizations improve their performance in the marketplace and achieve their business objectives. However, the demographic faces unique challenges that make it necessary for employers to develop specific strategies that can attract them. This research study examines how American employers can attract and empower FGAs into their organizations. The study uses a qualitative research design to examine the study issue. The experiences, opinions, and views of FGAs entering the work force will be collected to determine how American employers can meet their needs and expectations and attract them to their organizations. …

The X-Factor Of C-Suite Executives, Sheila T. Tan

Theses and Dissertations

Organizations rely on C-level executives to make strategic decisions that will impact stakeholders and business performance. These executives are judged based on employee satisfaction, market share, and bottom lines. Some of them perform well at one point but eventually make disastrous decisions. There is still a gap in knowledge on what elements make them decide how they do and what can be done before they are installed to the highest post. This paper investigated common mindsets and belief structures, which will be referred to in this paper as the X-factor, of C-level executives based on the Matrix model as a …

Participant Reactions To A Leadership Development Program In A High Growth Firm: A Preliminary Study, Malika Begin

Theses and Dissertations

High growth firms (HGF), which report more than 20% annual growth for at least 3 consecutive years, have limited time and resources to support their success. Transformative leadership development interventions, which strive to create marked changes through shifting leaders’ ways of perceiving and operating, may be highly effective for rapidly expanding the firms’ leadership capacities. This study examined the perceived nature and impacts of a leadership development program that was intended to be transformative in one HGF.

All 10 leadership development trainees were interviewed about the effects of the program and the program features that contributed to those effects. Participants …

Sme’S Cost Of Debt: A Meta-Analysis Of Borrower, Creditor And Financial Statement Verification Attributes, Thomas R. Loy, Stefan Mohrmann

The Journal of Entrepreneurial Finance

Private firm financing, given the far-reaching importance of non-publicly traded companies for global output and employment, is still a relatively underexplored area. Since the seminal work of Petersen and Rajan (1994), only a small branch of research into private firms’ cost of debt has been established. We aggregate the full body of this research that has empirically investigated antecedents of private firms’ cost of debt in a meta-analysis. The foremost antecedents can be categorized into either borrower, creditor or financial statement verification attributes. Our results reveal a set of 11 highly significant and robust determinants.

Entrepreneurial Investment Evaluation Decision-Making: A Focus On Venture Capitalists, Business Angels And Early-Stage Entrepreneurs In South Africa, Boris Urban, Marco Antonio Moreno

The Journal of Entrepreneurial Finance

Business angels (BAs) and venture capitalists (VCs) are important sources of finance for entrepreneurs in emerging markets for raising start-up and growth capital. Recognising that entrepreneurial investment evaluation decision-making is a highly complex process, and that there are limited studies focused on evaluation criteria used by both BAs and VCs’, this article undertakes an empirical investigation by identifying, classifying and statistically testing the rank importance of investment criteria in South Africa from an early-stage entrepreneurial perspective. Results indicate that the rank importance for the different investment criteria is relatively similar for VCs and BAs, and the only ranking difference observed …