402 results on '"long-term orientation"'
Search Results
2. The Cultural Roots of Green Stays: Understanding Touristic Accommodation Choices Through the Lens of the Theory of Planned Behavior.
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Tamuliene, Vilma, Diaz-Meneses, Gonzalo, and Vilkaite-Vaitone, Neringa
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Based on the Theory of Planned Behavior (TPB), this study presents and tests an integrated model to investigate how individual cultural values influence tourists' decisions when selecting sustainable accommodation. This study aims to examine the cultural impact on sustainable accommodation choices from the perspectives of tourists in three culturally distinct countries. Data were gathered from 1855 participants in Spain, Norway, and Lithuania using a questionnaire survey method. The data was analyzed using the Partial Least Squares (PLS) method, with statistical analysis based on Structural Equation Modeling (SEM). This study found that uncertainty avoidance and long-term orientation significantly influence attitude. Additionally, collectivism and power distance notably impact subjective norms, while masculinity affects perceived behavioral control. Tourists' intentions regarding sustainable accommodation choices were determined to be influenced by attitude, subjective norms, and perceived behavioral control. These findings contribute to the theoretical discussion of sustainable purchasing by emphasizing the intricate role of individual cultural values and provide practical insights for developing marketing strategies that resonate with these values. [ABSTRACT FROM AUTHOR]
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- 2024
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3. Sustaining success: the power of relational bonding in building franchisee trust in South Korea's food service industry.
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Koo, Dong-Woo and Lee, Sae-Mi
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Purpose: Relationship marketing has emerged as pivotal, aiming to bolster collaboration and reduce uncertainty for both franchisors and franchisees. However, understanding the nuanced impact of relational bonding strategies – financial, social, and structural – on franchisee outcomes, particularly in South Korea's food service industry, remains lacking. This study is an in-depth exploration of the nuanced impact of franchisors' relational bonding strategies – structural, social, and economic – on critical franchisee outcomes in the food service industry. Design/methodology/approach: By leveraging data from 496 franchisees in South Korea, our investigation meticulously delineates the unique contributions of these bonding strategies in enhancing franchisee's social and economic satisfaction, building trust in franchisors and fostering long-term orientation among franchisees. This study unravels the complex mediating roles that satisfaction and trust play in the dynamic interplay between franchisors' bonding efforts and the cultivation of enduring franchisee relationships. Findings: The study reveals that structural, social, and economic bonding impact social satisfaction, while all relational bonding factors directly influence economic satisfaction. Structural and economic bonding influence trust in the franchisor, but social bonding does not. Economic and social satisfaction directly affect trust, and only economic satisfaction directly influences long-term orientation. Finally, trust in the franchisor positively affects long-term orientation. Originality/value: We offer fresh insights into the strategic management of franchisor–franchisee relationships, aiming to enrich the literature on relationship marketing by highlighting the differential impacts and significance of distinct bonding strategies in promoting sustainable franchise partnerships. [ABSTRACT FROM AUTHOR]
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- 2024
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4. Behavioral reasoning theory perspectives on voluntary social insurance: The roles of collectivism and long‐term orientation.
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Hien, Nguyen Ngoc, Liem, Vo Tan, and Ghi, Tran Nha
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CONSUMER behavior ,SOCIAL security ,STRUCTURAL equation modeling ,QUALITY of life ,CULTURAL values ,CONSUMER attitudes - Abstract
Voluntary social insurance is part of Vietnam's social security system, aimed at stabilizing the lives of laborers, ensuring their safety and lifelong quality of life. To motivate workers to engage in voluntary social insurance, it is necessary to have a thorough comprehension of the fundamental factors that influence their behavioral intentions. Accordingly, this current study expands the framework of behavioral reasoning theory to assess consumers' intentions to purchase social insurance. The authors suggest an expanded behavioral reasoning model that includes the cultural values of consumers, specifically collectivism and long‐term orientation. The proposed model underwent testing through the utilization of structural equation modeling with a sample size of 518 individuals who expressed interest in voluntary social insurance in Vietnam. The findings of this study indicate that behavioral reasoning theory is suitable for explaining intentions to purchase voluntary social insurance, where behavioral intentions are influenced by "reasons for," "reasons against," and consumers' attitudes. Furthermore, the cultural values of consumers have an important effect on shaping their perceptions and attitudes towards voluntary social insurance. Therefore, this study has significant ramifications for individuals responsible for making decisions and creating policies who are interested in obtaining a more profound comprehension of consumer intentions about voluntary social insurance. [ABSTRACT FROM AUTHOR]
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- 2024
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5. Commitment Helps: The Positive Effects of Long-Term Orientation and Family Ownership on Firms' International Expansion.
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Frerich, Sören, Calabrò, Andrea, and Torchia, Mariateresa
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FAMILY-owned business enterprises ,INTERNATIONAL business enterprises ,SOCIAL capital ,FAMILY research ,GLOBALIZATION - Abstract
This research examines how commitment, long-term orientation, and distinctive family business traits resulting from family ownership affect internationalization by studying two unique and long-lasting firms with family and non-family ownership structures. Drawing upon arguments from international business studies and family business research, we have identified various entrepreneurial motivations and derived a framework that expands our knowledge on how commitment, long-term orientation and specific differences between family and non-family firms impact their international expansion. Our results indicate that family firms generate social capital, experience, and knowledge in an international context to sustain and maximize their advantages better than non-family firms. [ABSTRACT FROM AUTHOR]
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- 2024
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6. Regulatory accounting environment, cultural values and board efficacy in developing countries
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Kais Baatour and Moufida Ben Saada
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Corporate governance ,Board efficacy ,Long-term orientation ,Indulgence ,Auditing and reporting standards ,National culture ,Commerce ,HF1-6182 ,Finance ,HG1-9999 - Abstract
Purpose – This cross-country study aims to investigate from an interdisciplinary perspective the impacts of the accounting regulation's strength and cultural values of long-term orientation (LTO) and indulgence (ND) on board efficacy in developing countries. Design/methodology/approach – Board Efficacy Index scores for 54 developing countries over the period 2007–2016 were employed to ascertain predictors of management's accountability to boards of directors and investors. Two types of explanatory variables – formal and informal – were employed in a pooled Ordinary Least Squares (OLS) analysis. Findings – The research is the first to empirically show that more LTO and ND in a country have significant and positive effects on board efficacy. The findings also show that the strength of auditing and reporting standards (SARS) has a dominant impact on board efficacy, and the SARS' consideration is recommended in future cross-country research on board efficacy. Practical implications – To restore investor confidence and increase the credibility toward firms, regulatory authorities in developing countries are called upon to integrate compliance with accounting and auditing regulations combined with cultural values in the implementation of good governance practices. Originality/value – This study contributes to the board efficacy literature in two significant ways. First, the study constructs and empirically tests a conceptual model that integrates both informal factors, the six cultural dimensions of Hofstede et al. (2010), and formal factors, the strength of accounting regulations. Second, conducting a study on a sample not widely used in the literature, over a fairly long period of time, highlights the governance characteristics of this context and strengthens the internal and external validity of the study.
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- 2024
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7. Can CEO's professional connections drive green innovation of SMEs?
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Wang, Kun, Huang, Hao, and Yuan, Youwei
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Drawing on social capital theory, we analysis the influence of CEO's professional connections on the green innovation of SMEs. Using data from Chinese manufacturing SMEs, we find that CEO's professional connections can promote green innovation in SMEs. This finding still holds through several endogeneity and robustness tests. We find that this positive relationship is strengthened when the firm faces a more intense industry environment and when the CEO is chairman of the board. By testing the mechanism, we further find that alleviating financing constraints, improving information transparency, and promoting long‐term orientation play a key role in this positive relationship. These findings advance the research process on social capital theory and corporate green innovation and provide important insights into the green innovation practices in SMEs. [ABSTRACT FROM AUTHOR]
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- 2024
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8. Preserving the longevity of long-lasting family businesses: a multilevel model.
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Conz, Elisa, Denicolai, Stefano, and De Massis, Alfredo
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FAMILIES ,MULTILEVEL models ,FAMILY-owned business enterprises ,EXPERIMENTAL design - Abstract
Prior research lacks an understanding of how decision makers preserve longevity within family businesses. This study examines longevity under a microfoundational lens, through an interpretive qualitative research design. The selected cases are nine long-established Australian family wineries. The outcome is a multilevel grounded model of the preservation of family firm longevity that integrates the dual firm-family relationship with the individual level of decision makers. The model shows the role played by interactions among multiple levels of analysis — namely, the individual, the family and the firm — in preserving the longevity of the family business. [ABSTRACT FROM AUTHOR]
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- 2024
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9. Cultural Lenses on Digital Governance: Examining the Factors Influencing the Penetration Level of Government Portals in China and South Korea.
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Yuanyuan Guo
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STRUCTURAL equation modeling ,COLLECTIVISM (Social psychology) ,MASCULINITY ,PUBLIC meetings ,FEMININITY ,ACQUISITION of data - Abstract
This study utilizes Hofstede's cultural model to compare the penetration level of government portal in China and South Korea. By collecting questionnaire data and applying structural equation modeling for analysis, the research emphasizes the role of cultural dimensions in shaping the factors and mechanisms influencing the penetration level of government portals. The study reveals three findings: (1) Four cultural dimensions (collectivism, long-term orientation, constraint, and masculinity/femininity) affect the penetration level of government portals in Beijing and Seoul. (2) Masculinity (Beijing) and femininity (Seoul) mediate the relationship between collectivism, long-term orientation, and the penetration level of government portals. (3) Collectivism directly and indirectly influences the penetration level of government portals in Beijing, while only directly affecting Seoul; long-term orientation has an indirect impact on Beijing's government portal penetration level, and both direct and indirect effects on Seoul. These findings highlight the importance of considering cultural dimensions in the effectiveness of government portal. Governments should develop culturally adaptive government portals and provide culturally adaptive e-government services to better meet public demands. [ABSTRACT FROM AUTHOR]
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- 2024
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10. Cultural Value Orientation and Hospitality Employee Voice Behavior: The Moderating Role of Leader–Member Exchange (LMX).
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Lu, Allan Cheng Chieh and Gursoy, Dogan
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EMPLOYEE participation in management ,CULTURAL values ,VALUE orientations ,HOTEL employees ,RISK aversion - Abstract
This study examines the effects of three cultural values, namely long-term orientation, collectivism, and uncertainty avoidance, on two types of employee voice behavior: promotive and prohibitive. It also investigates whether leader–member exchange theory (LMX) moderates the relationships between the three cultural values and two types of employee voice behavior. Using 387 hotel employees in Taiwan, the statistical results show that all three cultural values have positive effects on both promotive and prohibitive voice behavior. The results also indicate that LMX strengthens the positive relationships between the three cultural values and two types of employee voice behavior. Research and practical implications derived from the findings of this study are discussed, for the extant hospitality literature and Taiwanese hoteliers. [ABSTRACT FROM AUTHOR]
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- 2024
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11. Long-term orientation, family-intensive governance arrangements, and firm performance: an institutional economics perspective.
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Pinelli, Michele, Debellis, Francesco, and De Massis, Alfredo
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In this study, we examine the effect of cultural long-term orientation on the likelihood of adopting more family-intensive governance arrangements (FGAs) and the impact on firm performance. FGAs may impose various costs on the firm, including the extraction of private benefits, conflicts with professional managers, paternalistic human resource management practices, and lower legitimacy. Drawing on institutional economics, we theorize that cultural long-term orientation reduces some of these costs, thereby increasing the relative efficiency of FGAs as a governance option. Thus, we expect FGAs to be adopted more frequently in countries with a more long-term orientation. We also expect FGAs to have a less negative impact on performance in these countries as a result of these lower costs. The results of mixed-effects regressions on a cross-sectional sample of 3221 listed family and nonfamily firms in 19 countries confirm that FGAs are more likely to be adopted in more long-term oriented countries. We also find that FGAs have a negative effect on firm performance, but not that cultural long-term orientation weakens this relationship. However, an interesting mediating effect emerges whereby cultural long-term orientation increases the likelihood of adopting FGAs but negatively affects firm performance. Plain English Summary: Family firms are embedded in institutional frameworks that inevitably shape their governance structures and performance. In this study, we examine the impact of cultural long-term orientation on the likelihood of adopting more family-intensive governance structures and their effect on performance. Specifically, drawing on institutional theory, we hypothesize that (a) a country's long-term orientation increases the likelihood of adopting more family-intensive governance structures; (b) family-intensive governance negatively affects performance; (c) a country's long-term orientation plays a moderating role in the relationship between family-intensive governance and performance. Our statistical analysis using mixed-effects regressions on a cross-sectional dataset of 3221 publicly listed family and nonfamily firms in 19 countries validates the first two hypotheses. Although we do not find that cultural long-term orientation weakens the negative effect of family-intensive governance and performance, our results reveal an intriguing mediating effect suggesting that cultural long-term orientation negatively affects firm performance by increasing the intensity of family involvement in firm governance. [ABSTRACT FROM AUTHOR]
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- 2024
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12. New insights on economic theories of the family firm.
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Chrisman, James J., Fang, Hanqing, Vismara, Silvio, and Wu, Zhenyu
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Research attention to family firms has significantly increased in recent years, with a growing application of economic theories such as agency theory and resource-based theory to explain differences between family firms and nonfamily firms and heterogeneity among family firm populations. Despite this progress, the formulation of an economic theory of family business remains notably absent. Merely applying existing economic theories of the firm to the realm of family business is inadequate, as these general theories fail to incorporate the idiosyncratic aspects of family firms, such as the pursuit of socioemotional wealth. This paper seeks to advance economic theories specific to family firms and lay the groundwork for future studies. We advocate for interdisciplinary research using insights from fields such as economics, management, sociology, and psychology to investigate the complex dynamics governing family firms and their economic behaviors, decision-making, and performance. Plain English Summary: Research on family firms is increasing. Scholars are using economic theories like agency theory and resource-based theory to explain differences between family and nonfamily firms as well as variations among family firms. However, there is still no clear economic theory of the family firm. Using existing economic theories does not work well because they do not consider the unique aspects of family businesses. Essentially, the economic theory of family business must tackle three core inquiries: What makes family firms distinct from nonfamily organizations? What factors dictate the scale and scope of family businesses? And what influences the heterogeneity within the family business sector? This paper contributes toward the development of an economic theory of family firms. [ABSTRACT FROM AUTHOR]
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- 2024
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13. A meta-analysis of antecedents and consequences of green trust.
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Chauhan, Sumedha and Goyal, Sandeep
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TRUST ,LITERATURE reviews ,ENVIRONMENTAL literacy ,GREEN products ,SOCIODEMOGRAPHIC factors ,SUSTAINABILITY - Abstract
Purpose: Increasing demand for goods and services strains environmental sustainability, driving interest in green products. Trust in these products is vital for adoption. Scholars have examined factors affecting green trust, but a comprehensive framework involving cognitive and affective factors as antecedents and behavioral outcomes as consequences is lacking. This study aims to address this gap and introduces cultural and socio-demographic variables as moderators. Design/methodology/approach: The study consolidates the outcomes of 79 empirical publications on green trust and conducts a meta-analysis. Findings: All the cognitive and affective factors and behavioral outcomes are significantly associated with green trust. The moderator analysis provides many valuable insights as it highlights the context dependency of various relationships of green trust. Research limitations/implications: Using an extensive literature review, this study introduces an integrated framework that clarifies the antecedents and consequences of green trust. This work enriches the existing body of knowledge by investigating the influence of cultural and socio-demographic factors as moderators on these relationships, offering significant insights into the realm of green trust. Practical implications: This research yields valuable guidance for providers of green products/services, shedding light on the factors that foster trust in their offerings and emphasizing the importance of customized strategies that take into account cultural and socio-demographic variables. Originality/value: This is an original study that contributes to the green trust literature. [ABSTRACT FROM AUTHOR]
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- 2024
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14. Institutional ownership stability and product quality failures.
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Le, Thanh Dat and Nguyen, Nguyen
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INSTITUTIONAL ownership (Stocks) ,PRODUCT failure ,PRODUCT quality ,PRODUCT quality management ,EXECUTIVE ability (Management) - Abstract
Purpose: This study examines the effect of stable institutional investors on firms' product quality failures. Furthermore, the authors investigate the channels through which institutional ownership stability enhances product quality management. Design/methodology/approach: This study uses probit, ordered probit and negative binomial regression frameworks to investigate the research questions. In addition, the authors utilize the three-stage least-squares to address the endogeneity issues. Findings: Using a sample of product recall incidents from 2012 to 2021, the authors find that firms with more stable institutional ownership have a lower probability, frequency and severity of recall incidents and adopt a proactive product recall strategy. Institutional investors with significant and persistent holdings improve quality management by reducing overinvestment and the use of option-linked and relative performance executive compensations. Furthermore, the influence of stable institutional owners on product quality failures is more pronounced in firms with low managerial ability and specialist CEOs. Lastly, the empirical evidence demonstrates that stable holdings by active investors have a more substantial impact on reducing product recalls than passive and other stable institutional holdings. Originality/value: This study is the first to examine the impact of institutional ownership stability on firms' product recalls. The authors contribute to the literature on the benefits of stable institutional ownership on firm outcomes and the determinants of product quality failures. [ABSTRACT FROM AUTHOR]
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- 2024
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15. Business Management Characteristics in Japan and Germany
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Yamazaki, Toshio and Yamazaki, Toshio
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- 2024
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16. East Asian Students’ Mathematics Performance: A Values-Based Macroeducation Perspective
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Seah, Wee Tiong, Wang, Ting-Ying, Clements, M.A. (Ken), editor, Kaur, Berinderjeet, editor, Lowrie, Thomas, editor, Mesa, Vilma, editor, and Prytz, Johan, editor
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- 2024
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17. The Development of an ESG Strategy
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Kirchhoff, Klaus Rainer, Niefünd, Sönke, von Pressentin, Julian, Kirchhoff, Klaus Rainer, Niefünd, Sönke, and von Pressentin, Julian
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- 2024
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18. How cultural values integrate with each other to trigger sustainable consumption: a cross-culture study
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Duong, Cong Doanh, Le, Thi Loan, Lee, Eun-Mi, and Gadomska-Lila, Katarzyna
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- 2024
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19. A CEO’s Childhood Family Decline and Corporate Social Responsibility: The Mediating Role of Long-Term Orientation
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Cai, Mengyu and Zhou, Nan
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- 2024
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20. Impact of spirituality, culture, behaviour on sustainable consumption intentions.
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Saxena, Noopur and Sharma, Ruchika
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SUSTAINABLE consumption ,PLANNED behavior theory ,CONSUMPTION (Economics) ,SPIRITUALITY ,INTENTION - Abstract
Sustainable consumption is a growing area of research due to the climate change and environmental degradation. The present study examines a conceptual model by integrating spirituality with cultural values from Hofstede cultural dimensions theory and constructs from Theory of Planned Behaviour (TPB) to determine sustainable consumption intention. The paper also examines the moderating role of gender. The data was gathered from 726 customers. Structural equation modelling was used to analyse the main variables influencing sustainable consumption intentions. Spirituality, collectivism and long‐term orientation were found to have a positive impact on attitudes that leads to sustainable consumption intention. Thus, this study helps to improve the predictive ability of the Theory of Planned Behaviour by incorporating spirituality as a behavioural belief and collectivism and long‐term orientation as cultural dimensions. The findings show that gender has no moderating effect. The study outlines the process for converting a person's cultural values, norms, and beliefs into a purchase intention. As a result, the research offers practitioners and decision‐makers insight into how to boost intention towards sustainable consumption. [ABSTRACT FROM AUTHOR]
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- 2024
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21. Long-term orientation and corporate social responsibility in small and medium-sized enterprises: the role of strategy formation mode.
- Author
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Rosecká, Nikola, Machek, Ondřej, Stasa, Michele, and Kubíček, Aleš
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Purpose: This study aims to explore the effects of long-term orientation (LTO) and strategy formation mode on corporate social responsibility. While many researchers have investigated how large businesses address corporate social responsibility (CSR), there is little empirical evidence on how small- and medium-sized businesses implement CSR or what individual drivers shape this process. Design/methodology/approach: The paper surveyed 282 small and medium-sized managers from the United Kingdom. The respondents were recruited using platform Prolific Academic. Findings: The findings reveal that LTO is a prerequisite for developing CSR and shapes strategy formation mode. The findings also suggested that deliberate strategies are positively related to CSR. The results are consistent across different components of LTO (futurity, continuity and perseverance) and CSR types (internal and external). Originality/value: The results show that all aspects of LTO are relevant for CSR in SMEs. Besides LTO, deliberate strategy formation model is an important factor contributing to CSR. The paper presents as first an empirical contribution to the strategy literature by examining positive relationship between LTO and deliberate strategy formation mode. [ABSTRACT FROM AUTHOR]
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- 2024
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22. THE EFFECT OF LONG-TERM ORIENTATION, POWER DISTANCE, AND UNCERTAINTY AVOIDANCE ON YOUTH ENTREPRENEURIAL ORIENTATION IN BANDAR LAMPUNG.
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Purnomo, Agus, Oktaviannur, Moh., Defrizal, Defrizal, and Jamaludin, Maun
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YOUTHS' attitudes ,POWER (Social sciences) ,GOVERNMENT regulation ,STATISTICAL sampling - Abstract
Background: As Indonesia's economy is increasingly driven by youth entrepreneurship and innovation, it requires examination of cultural factors and government support to foster entrepreneurial spirit among young people. Purpose: This research empirically investigates the relationship between long-term orientation, power distance, and uncertainty avoidance and how these factors influence the entrepreneurial orientation of young individuals in Bandar Lampung, with the perception of government regulations playing a mediating role. Design/methodology/approach: The study used a quantitative research approach, employing Structural Equation Modeling. The sample consisted of 200 respondents, young entrepreneurs from Bandar Lampung, selected through a simple random sampling method. The analysis was conducted using the Structural Equation Modeling (SEM) approach with the Partial Least Squares (PLS-SEM) technique. Findings/Result: The study found that long-term orientation significantly impacts entrepreneurial orientation. Additionally, it found that power distance and uncertainty avoidance are significant factors in shaping entrepreneurial orientation. Testing the mediating effect of the perception of government regulations indicates a significant role in the relationship between the independent variables and entrepreneurial orientation. The findings of this research indicate that the entrepreneurial mindset of the young generation in Indonesia is moderately influenced by a well-organized environment. Conclusion: The findings underscore the importance of a supportive regulatory environment in fostering entrepreneurial mindset among the youth, prompting policymakers to focus on enhancing regulations to incentivize innovation and streamline procedures for young entrepreneurs. Originality/value (State of the art): The originality of this research lies in its exploration of the interplay between cultural dimensions and government regulations on entrepreneurial orientation, which contributes to the understanding of how socio-cultural factors and regulatory perceptions influence entrepreneurial behavior in emerging economies. [ABSTRACT FROM AUTHOR]
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- 2024
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23. When crises meet grand environmental challenges: Navigating intertemporal tensions in European manufacturing family firms.
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Jungk, Sophia and Waldkirch, Matthias
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FAMILY-owned business enterprises ,COVID-19 pandemic ,CLIMATE change ,CRISES - Abstract
The grand environmental challenge of climate change represents one of the key ongoing, long-term obstacles for organizations. When interrupted by short-term exogenous crises like the COVID-19 pandemic and the shock of the Ukrainian war, the urgency of addressing this grand challenge becomes more pressing, albeit more challenging. While family firms as long-term oriented organizations might generally be well equipped to tackle climate change, we know surprisingly little on how they simultaneously experience and navigate the long-term horizon of grand environmental challenges and the short-term pressures of exogenous crises. Drawing on research around long-term orientation (LTO) and a growing stream investigating intertemporal tensions, we investigate this question building on 41 interviews with nine family firms in the context of the European manufacturing industry. Applying an abductive approach, our findings unveil three intertemporal tensions that unfold when short-term and long-term objectives collide. Besides, we show that family firms, due to their LTO, perceive these tensions with a greater intensity. Navigating the perceived tensions, we identify two mechanisms employed by family firms that mitigate the negative implications of LTO. Doing so, we contribute to extant research on grand challenges and cast light on the downsides of LTO in family firms. [ABSTRACT FROM AUTHOR]
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- 2024
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24. КУЛЬТУРНЫЕ КОДЫ ЭКОНОМИКИ КАЗАХСТАНА.
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Л. І., Әйтімбет and А., Жаксыбай
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Copyright of Bulletin of Ablai Khan KazUIRandWL: Series 'International Relations & Regional Studies' is the property of Kazakh Ablai Khan University of International Relations & World Languages and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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- 2024
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25. A cross-country, macro-level investigation into earnings retention during the COVID-19 pandemic
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Suzette Viviers and Nicolene Wesson
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earnings retention ,dividends ,macroeconomic factors ,cultural dimensions ,signalling theory ,covid-19 ,uncertainty avoidance ,long-term orientation ,indulgence ,Economics as a science ,HB71-74 - Abstract
Orientation: Many shareholders rely on dividends for income. During crisis periods, managers, however, tend to retain rather than distribute earnings. Most prior research during the coronavirus disease 2019 (COVID-19) pandemic focussed on company-specific factors and industry association that favour earnings retention. As far as could be ascertained, no studies to date have investigated the role that macro-level factors could have played. Research purpose: The authors hence examined the extent to which government efficiency, business efficiency, infrastructure, economic performance, uncertainty avoidance, long-term orientation and indulgence influenced earnings retention at listed companies in 62 countries from 2019 to 2021. Motivation for the study: Additional insights were uncovered regarding the earnings retention decision during an economic crisis. Research approach/design and method: Earnings retention data were downloaded from Bloomberg database, and country-level data from the International Institute for Management Development, the World Bank, Hofstede Insights and the World Federation of Exchanges. Panel regressions were used to examine hypothesised relationships. Main findings: Contrary to expectation, earnings retention was negatively associated with the cultural dimension that measures uncertainty avoidance. The notion that less earnings would be retained in countries with high indulgence scores was, however, supported. Significant differences in earnings retention were observed across geographic regions and income groups. This descriptive study provides support for the dividend signalling theory in some countries. Practical/managerial implications: Shareholders who rely on dividends should be mindful of signalling behaviour during economic crises. Contribution/value-add: The findings enrich the extant literature on the earnings retention decision during an economic crisis by highlighting the importance of cultural dimensions, notably uncertainty avoidance and indulgence. Recommendations are offered to managers, shareholders and policymakers.
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- 2024
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26. Self-governing organizations and culture: addressing condominium law developments in China
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Chen, Lei
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- 2024
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27. Strategic enablers: Unveiling crucial drivers for managerial adoption of electronic resources planning
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Florentina Kurniasari and Elissa Dwi Lestari
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e-fulfillment ,effort expectancy ,Indonesia ,long-term orientation ,performance ,performance expectancy ,Business ,HF5001-6182 - Abstract
The rapid growth of the information technology industry has spurred corporate process digitalization. This study aims to examine how the Unified Theory of Acceptance and Use of Technology’s (UTAUT) major tenets – performance expectancy and effort expectancy – and trust affect managers’ acceptance of new e-fulfillment services. This study also considers Hofstede’s cultural dimension of long-term orientation as the major variable influencing management’s acceptance of the new fulfillment platform. This study employed a quantitative research methodology with a simple random sampling of 248 Indonesian Logistic Association members from various industries. The research finding shows that only effort expectancy does not significantly affect managers’ e-fulfillment platform usage. Both effort expectancy and performance expectancy have a significant impact on employee trust in using the new technology. In addition, performance expectancy, customer trust, and long-term orientation positively affect the managerial adoption of e-fulfillment services. The study also shows a full mediation effect of customer trust in the relationship of effort expectancy to managerial adoption and a partial mediation effect in the influence of performance expectancy into managerial adoption of electronic resources planning with trust as a mediating variable. AcknowledgmentThis study is conducted with the support from the Ministry of Education, Culture, Research, with the Contract No. 1170/LL3/AL.04/2023; 0059-RD-LPPM-UMN/P-JD/V/2023.
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- 2024
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28. The impact of long-term orientation on the resilience of niche leaders
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Luo, Yiyun, Wu, Aiqi, Liu, Yihui, and Song, Di
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- 2024
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29. Dynamic capabilities and environmental performance: all in the family
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Forés, Beatriz, Puig-Denia, Alba, Fernández-Yáñez, José María, and Boronat-Navarro, Montserrat
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- 2023
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30. The influence of family firm succession on financialisaton: evidence from China
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Zhang, Lijie, Baranchenko, Yevhen, Lin, Zhibin, and Ren, Li
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- 2023
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31. The effect of individual cultural values and phantasy on risky investment intention
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Aren, Selim and Nayman Hamamci, Hatice
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- 2023
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32. Governance characteristics and sustainable longevity of family firms: the role of long-term orientation
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Grissa, Lobna and Lakhal, Lassaad
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- 2023
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33. Do relational benefits influence commitments and loyalty in a non-contract mechanism?
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Lee, Chang-Ju, Lee, Sae-Mi, Iyer, Rajesh, and Lee, Yong-Ki
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- 2023
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34. Unity or commitment: A generational view of innovation in family firms.
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Meroño‐Cerdán, Angel L.
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FAMILY-owned business enterprises ,TECHNOLOGICAL innovations ,INNOVATIONS in business ,CONCORD ,CONTENT analysis ,MYOPIA - Abstract
Taking a qualitative approach, this study aims to identify the effects of family involvement on firms' innovation decisions and examine how this relationship is affected by the presence or absence of firm founders. Content analysis facilitates building a map to identify two modes of family influence on business and innovation: the business‐first and family‐first modes. In the former, commitment and long‐term orientation encourage innovation as the principal means of survival, especially when the founder is no longer present. In the latter, unity constrains innovation, most commonly in firms led by a present founder. In contrast to the tenets of the socioemotional wealth approach, a first‐generation family firm may suffer from myopia when family interests prevail over the firm's interests, even when business continuity is at stake. [ABSTRACT FROM AUTHOR]
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- 2024
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35. Long-Term Orientation and Tax Avoidance Regulations.
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Bilicka, Katarzyna, Clancey-Shang, Danjue, and Qi, Yaxuan
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FINANCIAL market reaction ,TAX laws ,TAX havens ,INVESTORS ,TAX administration & procedure - Abstract
In this paper, we explore the relationship between the culture of the country where a multinational corporation (MNC) is headquartered and the MNC's stock market reaction to tax avoidance regulations. Specifically, we examine the different responses of MNCs following the implementation of the 2010 UK reform that restricted profit shifting for a specific group of firms. We find that, in countries with short-term-oriented cultures, MNCs affected by this reform experienced positive stock market responses relative to their unaffected counterparts. This is not found in long-term-oriented cultures. This difference in response can partly be explained by the differing perceptions of the role tax havens play in tax minimization practices between more long-term-oriented cultures and those oriented towards the short term. We provide evidence that investors from more future-oriented cultures may recognize the short-lived effectiveness of a regulation ex ante, and thus price the quasi-exogenous market shock differently than their more short-term-oriented counterparts. [ABSTRACT FROM AUTHOR]
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- 2024
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36. 组织创造力与创新绩效:长期导向与战略柔性的联合 调节作用.
- Author
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刘 博, 刘 超, and 刘新梅
- Abstract
Copyright of Modern Economic Science is the property of Modern Economic Science Editorial Office and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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- 2024
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37. How long-term orientation affects corporate entrepreneurship: The role of entrepreneurs' prior experience.
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Zhou, Dan, Liao, Mingqing, and Dai, Weiqi
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BUSINESSPEOPLE ,ENTREPRENEURSHIP ,SMALL business ,STEWARDSHIP theory ,MILITARY government - Abstract
Despite the prevalence of corporate entrepreneurship, our understanding of its temporal horizon remains undeveloped. This study fills this gap by using stewardship theory to elaborate on how an entrepreneur's prior experience moderates the association between a firm's long-term orientation and corporate entrepreneurship. Using data based on a large-scale survey of private small and medium-sized firms in China, we find that long-term orientation plays a positive role in the corporate entrepreneurship of small and medium-sized firms. The evidence shows that the link between long-term orientation and corporate entrepreneurship is enhanced within firms where entrepreneurs have prior experience in the government or the military. However, the strength of this link is weakened within firms where entrepreneurs have overseas experience. This study contributes a fine-grained understanding of the temporal horizon and stewardship tendency that firms integrate when implementing entrepreneurial activities. [ABSTRACT FROM AUTHOR]
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- 2024
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38. National Differences in Age and Future-Oriented Indicators Relate to Environmental Performance.
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Syropoulos, Stylianos, Law, Kyle Fiore, and Young, Liane
- Abstract
Environmental concerns inherently involve an intergenerational aspect, where today's decisions can have far-reaching effects on future generations. Numerous national characteristics can forecast a nation's commitment to investing in environmental sustainability. This study expands on previous research and offers evidence in support of Gott's principle, which states that citizens may use their country's age to forecast its remaining lifespan. Specifically, we show that a nation's age positively relates to intergenerational solidarity—a country's willingness to sacrifice for future generations. Furthermore, country age and other future-oriented variables, such as a country's Long-Term Orientation and ability to overcome temporal discounting, are linked to sustainability-related indicators, indicating that countries concerned about the future also exhibit greater concern for the environment. These findings reinforce the value of framing a country as a long-standing entity and implementing intergenerational framing interventions to motivate pro-environmental engagement. [ABSTRACT FROM AUTHOR]
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- 2024
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39. The effect of perceived green organizational support on employee green behavior: the moderating role of long-term orientation.
- Author
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Kerse, Gökhan
- Subjects
GREEN behavior ,CONVENIENCE sampling (Statistics) ,EMPLOYEE psychology ,INDUSTRY 4.0 ,FACTOR analysis - Abstract
Purpose: The present study examines the effect of perceived green organizational support on employee green behavior in the manufacturing sector. The study also attempted to determine whether long-term orientation has a moderating role in this effect. Design/Methodology/Approach: The study uses a quantitative research design. Data were obtained from employees working in the manufacturing sector using the convenience sampling and survey methods. Analyses such as confirmatory factor, reliability, correlation and regression (Model 1) analyses were carried out. Results: The findings have shown that perceived green organizational support positively affects employee green behavior, and that long-term orientation plays a moderating role in this effect. Research Limitations: Limitations include the data being obtained cross-sectionally from a single sector (manufacturing) and the only variables in consideration being perceived green organizational support, longterm orientation and employee green behavior. Practical implications: The findings reveal that managers in the manufacturing sector should turn to green organizational support practices because green behaviors (in-role and extra-role) increase with employees' perceptions of these support practices. The findings also revealed that employees with low long-term orientation levels (compared to those with medium and high levels) exhibit more green employee behavior as their perception of green organizational support increases. Originality / Value: The present study focuses on employee green behavior, which is important for Industry 4.0. It is also the first study to examine the relationship between perceived green organizational support and employee green behavior within the context of long-term orientation. [ABSTRACT FROM AUTHOR]
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- 2024
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- View/download PDF
40. Attitudes Toward Time and Attitudes Toward Debt: Structural Equation Modeling Results
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Gagarina, M. A., Nestik, T. A., Nevryuev, A. N., Kacprzyk, Janusz, Series Editor, Gomide, Fernando, Advisory Editor, Kaynak, Okyay, Advisory Editor, Liu, Derong, Advisory Editor, Pedrycz, Witold, Advisory Editor, Polycarpou, Marios M., Advisory Editor, Rudas, Imre J., Advisory Editor, Wang, Jun, Advisory Editor, Yang, Xin-She, editor, Sherratt, Simon, editor, Dey, Nilanjan, editor, and Joshi, Amit, editor
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- 2023
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41. The effect of perceived green organizational support on employee green behavior
- Author
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Gökhan Kerse
- Subjects
Industry 4.0 ,Perceived Green Organizational Support (PGOS) ,Long-Term Orientation ,Employee Green Behavior ,Production management. Operations management ,TS155-194 - Abstract
Purpose: The present study examines the effect of perceived green organizational support on employee green behavior in the manufacturing sector. The study also attempted to determine whether long-term orientation has a moderating role in this effect. Design/Methodology/Approach: The study uses a quantitative research design. Data were obtained from employees working in the manufacturing sector using the convenience sampling and survey methods. Analyses such as confirmatory factor, reliability, correlation and regression (Model 1) analyses were carried out. Results: The findings have shown that perceived green organizational support positively affects employee green behavior, and that long-term orientation plays a moderating role in this effect. Research Limitations: Limitations include the data being obtained cross-sectionally from a single sector (manufacturing) and the only variables in consideration being perceived green organizational support, long-term orientation and employee green behavior. Practical implications: The findings reveal that managers in the manufacturing sector should turn to green organizational support practices because green behaviors (in-role and extra-role) increase with employees' perceptions of these support practices. The findings also revealed that employees with low long-term orientation levels (compared to those with medium and high levels) exhibit more green employee behavior as their perception of green organizational support increases. Originality / Value: The present study focuses on employee green behavior, which is important for Industry 4.0. It is also the first study to examine the relationship between perceived green organizational support and employee green behavior within the context of long-term orientation.
- Published
- 2024
- Full Text
- View/download PDF
42. Long-term orientation to impulsive buying behavior: A mediation model examining demographic factors differences.
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Wang, Pei, Chapa, Sindy, and Zhai, Yuqing
- Subjects
IMPULSE buying ,SELF-control ,DEMOGRAPHIC characteristics ,CHINESE people ,STRUCTURAL equation modeling ,PATH analysis (Statistics) ,CRONBACH'S alpha - Abstract
Considering Chinese consumers' long-term orientation (LTO) cultural core values, this work puts forward a model to understand Chinese consumers' impulsive shopping behavior. It conducts an online survey using a convenient national sample by exploring the regulatory effects of hedonic shopping value (HSV), utilitarian shopping value (USV), long-term orientation and self-control on impulsive shopping behavior. The questionnaire survey was distributed online to consumers. The researchers collected a sample of 237 participants between 25 and 44 years old. Cronbach's alphas of LTO, HSV, and USV are 0.89, 0.86, and 0.89, showing high reliability. Using a structural equation model, the data analysis tested the path coefficients between variables. Theoretically, this work provides an alternative model to explain the effects of HSV, USV, and self-control on impulsive online shopping behavior. In addition, the results show a nested model indicating the relationship between HSV and USV. Finally, according to the research prospect, the conclusion is drawn that the regulatory role of HSV is a predictor of Chinese LTO consumers' impulsive behavior. [ABSTRACT FROM AUTHOR]
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- 2023
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43. Modelling the importance of collaborative culture and its dimensions for supply chain collaboration: a necessary condition analysis
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Acquah, Innocent Senyo Kwasi
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- 2023
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44. Assessing psychological and environmental factors influencing the long-term orientation of TMTs
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Thapa, Nischal and Shah, Puspa
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- 2023
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45. Modelling the importance of collaborative culture and its dimensions for supply chain collaboration: a necessary condition analysis
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Innocent Senyo Kwasi Acquah
- Subjects
Collectivism ,Long-term orientation ,Power symmetry ,Uncertainty avoidance ,Supply chain collaboration ,Necessary condition analysis ,Business ,HF5001-6182 - Abstract
Purpose – This paper assumes necessity rather than sufficiency logic to model the relationship between collaborative culture and supply chain collaboration as triangular rather than linear. Specifically, this study aims to determine whether overall collaborative culture and its dimensions (i.e. collectivism, long-term orientation, power symmetry and uncertainty avoidance) are necessary for supply chain collaboration and the minimum levels of overall collaborative culture and its dimensions that are required for high levels of supply chain collaboration. Design/methodology/approach – Based on the literature, collaborative culture and its four dimensions, namely, collectivism, long-term orientation, power symmetry and uncertainty avoidance, were modelled as conditions having supply chain collaboration as their outcome. The study used the necessary condition analysis to test the triangular relationships between the conditions and the outcome among a sample of firms (N = 166) in the downstream petroleum sector. Findings – The results revealed that collaborative culture and its dimensions are necessary conditions for supply chain collaboration, and that high levels of collaboration are possible, although not guaranteed when at least a basic level of collaborative culture or its dimensions are present. Hence, different levels of supply chain collaboration require firms to have different levels of collectivism, long-term orientation, power symmetry and uncertainty avoidance. Thus, at 30% supply chain collaboration, only overall collaborative culture is necessary. Research limitations/implications – A significant limitation of this research is that, although several antecedents of supply chain collaboration exist, this study explored only the cultural antecedents of supply chain collaboration. Practical implications – The dimensions of collaborative culture are necessary but not sufficient for supply chain collaboration. Therefore, managers should adopt a holistic approach to investment in a collaborative culture, as an over-investment in any of the dimensions may not compensate for an under-investment in the others. Originality/value – As one of the first studies to use necessity rather than sufficiency logic to test the relationship between collaborative culture and supply chain collaboration, this research unearthed the non-linear (triangular) relationship between the constructs. It contributes to understanding how collaborative culture and its dimensions serve as bottleneck conditions constraining supply chain collaboration.
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- 2023
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46. Cultural values and energy-saving attitude-intention-behavior linkages among urban residents: a serial multiple mediation analysis based on stimulus-organism-response model
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Duong, Cong Doanh
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- 2023
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47. Financial Development and Country-Level Advertising Spending: The Moderating Role of Economic Development and National Culture.
- Author
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Bahadir, Berrak and Bahadir, S. Cem
- Abstract
Firms invest in brand capital through advertising. Financial constraints hinder firms' ability to fund their investment projects. Empirical studies in the finance literature suggest that firms' access to external financial resources, labeled "financial development," affects their investment behavior. The authors take the view of advertising spending as investment in brands and study the effect of financial development on advertising spending at the country level using a panel of 59 developing and developed countries during 1990–2016. The results suggest that financial development has a positive and significant effect on advertising spending, and this effect is stronger in countries with a low level of economic development. Furthermore, the authors investigate the role of national culture dimensions including uncertainty avoidance, long-term orientation, collectivism, masculinity, and power distance in the relationship between financial development and advertising. Overall, the results provide evidence that the impact of financial development on advertising spending depends on the national culture dimensions. [ABSTRACT FROM AUTHOR]
- Published
- 2020
- Full Text
- View/download PDF
48. Confucian or confusion? Analyses of international students’ self-rated intercultural sensitivity and its sociocultural predictors at Canadian universities
- Author
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Xuechen Yuan
- Subjects
Confucian heritage culture ,international students ,intercultural sensitivity ,willingness to communicate ,global citizenship ,long-term orientation ,Education (General) ,L7-991 - Abstract
IntroductionIn mainstream psychological research, Confucian heritage culture is often the scapegoat for subjecting Confucian heritage culture students to cultural archetypes of reticence, obedience, and unassailability, leading to the stigmatization of international students. This study examines differences in international students’ self-rated intercultural sensitivity and the potential discrepancy that exists between large-scale differences in sociocultural dimensions and student perceptions of these dimensions.MethodsA total of 120 international students enrolled at Canadian universities completed an online questionnaire which combines existing validated surveys on intercultural sensitivity and perceptions of sociocultural dimensions. Students were divided into two groups: Confucian and non-Confucian groups. The data analysis techniques include AN(C)OVAs, hierarchical linear regression, and Spearman’s rho correlation.ResultsThe quantitative analyses lead to the main findings as follows: 1) Confucian heritage culture has little predictive value to intercultural sensitivity; 2) Confucian student group does not uniquely identify with Confucian values; 3) Second language apprehension, as the sole predictor, accounts for more variation in intercultural sensitivity than most sociocultural predictors combined.DiscussionThis study demonstrates that deterministic views of heritage culture may not accurately reflect international students’ personal identification with their heritage culture. Therefore, further research is needed to illuminate the role of studying abroad in deconstructing general culture and contextualizing students’ assumed fixed identities.
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- 2023
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49. Teacher expertise for fostering at-risk students' understanding of basic concepts: conceptual model and evidence for growth.
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Prediger, Susanne, Dröse, Jennifer, Stahnke, Rebekka, and Ademmer, Claudia
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AT-risk students ,CAREER development ,TEACHER development ,CONCEPTUAL models ,EXPERTISE - Abstract
Various intervention programs for fostering at-risk students' understanding of basic concepts (such as place value understanding or meanings of multiplication and division) have been developed and evaluated. However, little is known about the teacher expertise required to enact these intervention programs, and how this teacher expertise can be promoted. The article suggests a conceptual model for teacher expertise for fostering at-risk students' understanding based on three recurrent jobs: (a) specify learning content (in basic concepts), (b) monitor students' learning progress (in basic concepts) and (3) enhance students' understanding (of basic concepts). Mastering these jobs with productive teaching practices involves four orientations in particular (conceptual rather than procedural orientation, diagnostic rather than syllabus-led orientation, communicative rather than individualistic orientation, and long-term rather than short-term orientation) as well as detailed pedagogical content categories for unpacking relevant knowledge elements. The paper reports on the professional development program Mastering Math which aims at promoting this expertise and its evaluation using a pre–post-design. For 95 participating teachers, the practices for specifying goals and monitoring and enhancing at-risk students' understanding were captured in self-reports and situated in vignette-based activities for eliciting diagnostic judgments. Teachers' development across different aspects of their expertise from the beginning and the end of the 1-year PD reveals the first quantitative evidence that the PD was effective in promoting growth of expertise. Whereas specifying and monitoring practices had substantially developed, the enhancement practices were hindered by a persistent short-term orientation. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
50. Cultures in Water-Scarce Environments Are More Long-Term Oriented.
- Author
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Harati, Hamidreza and Talhelm, Thomas
- Subjects
- *
WATER shortages , *TRANSBOUNDARY waters , *JOB advertising , *CULTURE , *IRANIANS , *COLLEGE students - Abstract
Why do some cultures invest more for the long term, whereas others emphasize living in the moment? We took advantage of a natural experiment in Iran to test the theory that long-term water scarcity is an important cause of differences in long-term orientation and indulgence. We found that Iranians in a water-scarce province reported more long-term orientation and less indulgence than did Iranians in a nearby water-rich province (Study 1, N = 331). In a field study, Iranians in the water-scarce province sent more résumés for a long-term job ad we posted, whereas Iranians in the water-rich province sent more résumés for a short-term, flexible job (Study 2, N = 182). College students in Iran primed to think about increasing water scarcity in the environment endorsed long-term orientation more and indulgence less (Study 3, N = 211). Across 82 countries, long-run water scarcity predicted long-term orientation (Study 4). In sum, cultures in water-scarce environments value thinking for the long term more and indulgence less. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
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