Search

Firms are increasingly adopting pro-lesbian, -gay, -bisexual, -transgender, inclusivity and diversity (LGBT-ID) policies for workforce management. This study develops a parsimonious, albeit complex, moderated-mediated framework by employing a panel dataset combining data from archival sources and involving a sample of predominantly large and publicly held firms from the USA between 2002 and 2018. The number of observations varied across variables with a minimum of 414 observations (corporate brand equity) and a maximum of 3,566 observations (self-reported LGBT-ID policy). This treatise demonstrates that adopting LGBT-ID policies positively impacts firms' profitability. Moreover, pro-LGBT-ID policies during this specific period have a positive effect on corporate brand equity, which in turn affects firm profitability, indicating that brand equity plays a mediating role in the nexus between pro-LGBT-ID policies and firms' financial performance. Furthermore, innovation intensity strengthens the relationship between pro-LGBT-ID policies and brand equity during the sample period of the study. [ABSTRACT FROM AUTHOR]

This study examines the effects of board capital on small and medium enterprise (SME) growth speed using a robust regression model, in a sample of the every firm listed on the MAB (alternative Spanish stock market). We adopted the resource-based view (RBV), the resource dependency perspective, and the Penrosean theory to argue that directors' characteristics provide the resources required for SMEs to achieve a higher growth rate. Our research concludes that the board's functional diversity positively affects SME growth, the extent of prior training among the directors of quoted SMEs is higher than expected, and there is no relationship between the previous experience of directors in CEO positions and SME growth. [ABSTRACT FROM AUTHOR]

Society today faces the great challenge of an ageing population. Within the scope of the physical-mental-social paradigm of active ageing, it has been shown that leisure activities contribute to older people's physical and psychological well-being. Tourism, which fits all definitions of leisure, has unique characteristics that mean it can connect the crucial aspects of healthy ageing identified in the Survey of Health, Ageing and Retirement in Europe (SHARE): psychological health, well-being, life satisfaction, and social networks. The positive effect of tourism on the quality of life of individuals over 65 years old, unrelated to any underlying clinical condition, was confirmed through the concept of Health-Related Quality of Life (HRQoL), measured with the results of self-administered questionnaires among a sample of people over 65 years of age and compared with the results for the reference population. [ABSTRACT FROM AUTHOR]

Advertising is crucial in influencing customers' perceptions and purchase intentions, and numerous studies have investigated whether advertising expenditure has any significant impact on financial performance. A thorough understanding remains elusive: while several studies document a positive impact, others report that advertising has either a negative or a statistically insignificant effect. Three flaws among existing studies are responsible for this problem: bundling advertising with other forms of marketing, the inadequacy of expenditure as a measure and a failure to consider contingencies. Deviating from earlier studies, we examine the effect of advertising productivity on firm performance rather than the impact of the absolute amount of advertising expenditure. Moreover, adopting a contingency approach, we evaluate how market conditions of market dynamism, market complexity and market munificence moderate the relationship between advertising productivity and organizational performance. Drawing a multi‐industry sample from the USA, this study demonstrates that advertising productivity has a positive impact on capital market‐based performance measures, conditional on market conditions. We reveal new insights into when, why and to what extent advertising contributes (or not) to organizations' financial performance. [ABSTRACT FROM AUTHOR]

The analysis of relations of dependency is widespread in tourism research. However, there are a series of questions related to endogeneity, such as dependence on the past and reverse causality, closely linked to the specific characteristics of the sector, which cast doubt on the conventional methods that are currently in use, especially Ordinary Least Squares. In this paper, the consideration of those questions and their analysis is proposed with the current methodology of dynamic panel data with the System GMM method. In addition, an practical application is advanced with 187 airlines to demonstrate the use of the tool. The results of dynamic panel data analysis can contribute new nuances in the field of tourism that have hardly been reflected upon until now. Here it is used to examine the complex interrelations and the dynamic components of the sector in greater depth. [ABSTRACT FROM AUTHOR]