This study endeavors to explore the driving forces of process eco-innovation and its effect on company performance by adopting an integrative approach. We focus on process eco-innovation, which ...pertains to technological and non-technological solutions that result in a reduction of material and energy costs for companies. In this regard, the study sheds light on the drivers and outcomes of process eco-innovation adoption, using data collected from 223 Slovenian companies. The results reveal that certain determinants (i.e., competitive pressure, customer demand, managerial environmental concern, command-and-control instrument, and economic incentive instrument) are conducive to the deployment of process eco-innovation. Empirical evidence reveals competitive pressure as the most influential driving force of process eco-innovation, followed by managerial environmental concern and customer demand. Effectiveness in spurring process eco-innovation is also found to be a command-and-control instrument and an economic incentive instrument, while expected benefits do not spur process eco-innovation. Pertaining to the outcomes of process eco-innovation adoption, we can conclude that it pays to be eco; process eco-innovation is worthwhile in terms of company profitability, growth, and competitive benefits. These findings suggest several courses of action for both policy makers and companies. Hence, we conclude by providing implications for both.
•We explore the drivers and outcomes of process eco-innovation.•Competitive pressure is the strongest driver of process eco-innovation.•Several other drivers are conducive to process eco-innovation implementation.•Process eco-innovation results in gain in competitive benefits.•Process eco-innovation leads to higher company growth and profitability.
Purpose: This study aims to determine the performance of a company by comparing the targets and company achievements to produce the final score of the balanced scorecard achieved.
Theoretical ...framework: This study discusses several theoretical frameworks which include Target Achievement, Company Performance and Balanced Scorecard theory along with company key performance indicators
Design/methodology/approach: This research is a descriptive study with quantitative and qualitative approaches using the calculation through the balanced scorecard concept for each key performance indicator in the four balanced scorecard business perspectives by comparing the targets and their achievements to produce the final score of the balanced scorecard achieved by the company.
Findings: The results of this study indicate that (1) The balanced scorecard achievement at Company A in 2020 is 4.15. This value indicates that the target achievement achieved by the company is slightly higher than the predetermined target. (2) Key Performance Indicators (KPI) determined by Company A in 2020 are (a) Financial perspective consisting of Profitability index, Return on Capital Employed, Return on Investment, Current Ratio reaching a cumulative Balanced Scorecard score of 1, 58. (b) Customer Perspective which is carried out by analyzing customer satisfaction which consists of physical evidence, reliability, responsiveness, assurance, and care to achieve a BSC cumulative score of 1.00. (c) Internal Business Process Perspective which consists of the innovation ratio and the compliance level ratio reaching the BSC cumulative score of 0.70. (d) Growth and learning perspective consisting of employee satisfaction, the number of employees attending education and training, education and training costs, the implementation time of 0.87.
Research, Practical & Social implications: The results are useful for decision makers in finance companies and other organizations on work culture in Indonesia because they show that the proposed practices have an important impact on organizational excellence.
Originality/value: The value of this study stems from its handling of one of the important sectors, namely the financial industry sector in companies, because this sector is considered the most important and effective in the process of corporate economic development.
Globally, some large shipping companies have started large-scale joint ventures to seek future development and cooperation while seizing the opportunities of the times. Meanwhile, shipping alliances ...have become the main theme of the shipping market. To the best of our knowledge, it is the first that we use panel data models to analyze and explore the impact of the shipping alliance membership and antitrust exemption policies for the shipping industry on the performance of shipping companies. The results show that the shipping alliance membership and antitrust exemption policies have a significant positive effect on the performance improvement of shipping companies in European countries and USA, while there are no significant impacts in other countries. The antitrust exemption policies in the shipping industry have an undeniable effect on promoting the enhancement of the national shipping industry. This study offers relevant suggestions on the advancement of the China's antitrust exemption system.
This study examines the impact of entrepreneurial orientation on company performance and competitive advantage in the context of small and medium-sized enterprises (SMEs). Based on 100 SMEs in the ...culinary sector in Indonesia and using a quantitative approach based on PLS-SEM data analysis, our study reveals that entrepreneurial orientation influences company performance through competitive advantage. This research will help SME owners and managers to deal with the required entrepreneurial orientation without taking excessive risks that could be detrimental to company performance and competitive advantage.
Purpose The purpose of this paper is to address four interrelated questions: what is the prevalence of ageism amongst employers? What are the factors conditioning employers’ age stereotypes? To what ...extent are ageist attitudes among employers translated into discriminatory recruitment, retention and firing practices? And what factors can moderate the stereotype–discrimination interaction? Design/methodology/approach The paper draws on a survey conducted among Danish employers; 2,525 completed the survey questionnaires; response rate 25 per cent. Findings The major finding is that ageist stereotypes among employers do not translate into discriminatory personnel management practices. Research limitations/implications The findings may be specific to Denmark. Denmark is renowned to be a non-hierarchical, egalitarian society, which may have implications for personnel management practices. Originality/value Contrary to this study, most studies analysing ageist stereotypes do not assess the extent to which stereotypes are translated into discriminatory personnel management practices in the workplace.
While coopetition (cooperation among competitors) is expected to increase company performance, environmental factors could de-stabilise such consequences. Specifically, volatile external forces might ...impose challenges surrounding how firms collaborate with their industry rivals, leading to negative impacts on their performance. As such, under the wider elements of resource-based theory (considering the macro-level environment and relational issues), our study evaluates the connection between coopetition strategies and company performance under different levels of competitive intensity, market dynamism, and technological turbulence. We acquired survey responses from 262 firms throughout the United States (operating across multiple sectors). After addressing several robustness checks, we employed an ordinary least squares regression analysis to test the components of our conceptual framework. Our results highlighted that although coopetition strategies drove company performance, this link was positively moderated by competitive intensity and technological turbulence, but was not influenced by market dynamism. Thus, we have provided stronger (i.e., counter-intuitive) evidence on how different macro-level environmental forces variably affect the performance outcomes of these business-to-business (B2B) marketing networks. Likewise, we have offered improved insights on the broader themes of the resource-based view, whereby, some decision-makers cooperate with their competitors to operate successfully in unpredictable market settings.
•Coopetition strategies have performance-enhancing benefits – even when accounting for volatile market-wide conditions.•The coopetition strategies - company performance link is boosted by competitive intensity and technological turbulence.•Market dynamism does not yield any moderation effect in the coopetition strategies – company performance link.•The wider facets of resource-based theory are ideal for conceptualising issues that surround coopetition.
The purpose of this study is to empirically prove the effect of positive confirmed cases of covid 19, confirmed death cases of covid 19, company's financial performance on cumulative abnormal return ...(CAR). The sample used is restaurant, hospitality and transportation companies listed on the Indonesia Stock Exchange for the period 2019-2020. This research uses multiple regression method. The sample in this company amounted to 81 companies and the sampling method was purposive sampling method. The results of this study prove that positive confirmed cases of covid 19, positive confirmed death cases of Covid 19, liquidity, leverage and company size (Size) have no affect on CAR during the Covid 19 pandemic. While ROA (Return on Assets) affects CAR during the COVID-19 pandemic. This research adds to the literature on the impact of the coronavirus pandemic (covid 19) and how the company's performance on the company's stock price during the coronavirus pandemic and until now, this pandemic has not ended. Assist the government in making decisions in making policies, especially when the implementation of restrictions on community activities (PPKM) takes place, whether it will impact losses for companies in Indonesia.
This study aims to investigate the influence of family commissioner boards (FCBs) on the operational efficiency of companies in Indonesia that use debt as a control tool, which includes bank and ...non-bank debt. Using the two-step GMM-First Difference estimation method, the research sample consists of 121 family-owned companies using unbalanced panel data from 2009 to 2018. This investigation produces several significant findings. Firstly, the results of the analysis show that the presence of family representatives on the board of commissioners has a negative impact on overall company performance. These observations suggest that FCBs may prioritize the interests of family shareholders over minority shareholders, which indicates entrenchment behavior. Second, the analytical results reveal that debt plays a moderating role in the influence of FCB on company performance. Debt acts as a deterrent to entrenchment behavior, thereby improving firm performance. Third, the results of the analysis did not find significant differences in FCB entrenchment behavior between companies that have bank debt and companies that have non-bank debt. These findings have significant policy implications for regulatory bodies in Indonesia regarding the governance of family-owned companies. It is vital to establish a mechanism for appointing family members to the board of commissioners that protects the interests of all shareholders and promotes a fairer corporate landscape.
Purpose
The purpose of this paper is to explore the impact of firm-, finance- and country-specific indicators to the performance of companies under the COVID-19 outbreak.
Design/methodology/approach
...The study uses a regression performance model for enterprises during the COVID-19 crisis. The investigation is based upon a data set of 5,730 firms from 13 countries collected by the World Bank through enterprise surveys. The author combined the analysis of traditional performance measurements with the testing of relatively novel variables.
Findings
This study confirms the significance of multiple factors for company performance: sector, size, participation in exports and market demand for firms’ products. Robust financing solutions during the coronavirus pandemic period include equity contributions, followed by firms’ cash balances and debt. Support by a government, however, has not yet been confirmed as a significant source of finance. This paper also suggests the importance of country-specific factors for the performance of enterprises, including the level of economic development and the corporate governance infrastructure.
Practical implications
The research outcomes might assist regulatory bodies, policymakers and companies in their formulation of public and corporate governance strategies concerning future emergency preparedness and responses.
Originality/value
This paper is among the first empirical studies in the management realm that addresses the impact of COVID-19 on company performance, with cross-national empirical data.
Purpose
This study aims to reconcile some of the conflicting results in prior studies of the board structure–firm performance relationship and to evaluate the effectiveness and applicability of ...agency theory in the specific context of Italian corporate governance practice.
Design/methodology/approach
This research applies a dynamic generalised method of moments on a sample of Italian listed companies over the period 2003-2015. Proxies for corporate governance mechanisms are the board size, the level of board independence, ownership structure, shareholder agreements and CEO–chairman leadership.
Findings
While directors elected by minority shareholders are not able to impact performance, independent directors do have a non-linear effect on performance. Board size has a positive effect on firm performance for lower levels of board size. Ownership structure per se and shareholder agreements do not affect firm performance.
Research limitations/implications
This paper contributes to the literature on agency theory by reconciling some of the conflicting results inherent in the board structure–performance relationship. Firm performance is not necessarily improved by having a high number of independent directors on the board. Ownership structure and composition do not affect firm performance; therefore, greater monitoring provided by concentrated ownership does not necessarily lead to stronger firm performance.
Practical implications
This paper suggests that Italian corporate governance law should improve the rules and effectiveness of minority directors by analysing whether they are able to impede the main shareholders to expropriate private benefits on the expenses of the minority. The legislator should not impose any restrictive regulations with regard to CEO duality, as the influence of CEO duality on performance may vary with respect to the unique characteristics of each company.
Originality/value
The results enrich the understanding of the applicability of agency theory in listed companies, especially in Italy. Additionally, this paper provides a comprehensive synthesis of research evidence of agency theory studies.
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