Antecedents of entrepreneurial activity and poverty: Mediating effect of entrepreneurial activity | Author : Bashir I. Bugaje; Azmawani Abd Rahman; Rusmawati Said; Jo A. Ho; Abubakar A. Adamu | Abstract | Full Text | Abstract :Poverty rates in Sub-Saharan Africa (SSA) have risen, with 47% of the region’s population living in poverty. In Nigeria, approximately 87 million are classified as extremely poor. Existing research on the relationship between entrepreneurship and poverty in this region is fragmented and inconsistent. Traditional economic measures of poverty have proven inadequate, prompting the need for a multidimensional approach. The paper examined the mediating effect of entrepreneurial activity on the relationship between the precursors of entrepreneurship and poverty. The study used a survey method and partial least squares structural equation modeling (PLS-SEM) to analyze the data, which confirmed all hypotheses, revealing significant direct relationships except for uncertainty avoidance. The findings suggest that access to finance, entrepreneurial potential, individualism, and masculinity’s impact on poverty are mediated by entrepreneurial activity. The paper advocates for an increase in formal and informal funding and suggests that government programs should emphasize skill development over business programs. This study enriches the existing literature by detailing the mediating effect of entrepreneurial activity on poverty drivers. |
| Intermediate conformity of HRM practices in host countries: Why and how they work | Author : Wenjuan Guo | Abstract | Full Text | Abstract :The institutional theory suggests that multinational enterprises (MNEs) need to conform to institutional norms to gain legitimacy, thereby enhancing their survival in host countries. Conversely, from the perspective of business strategy, MNEs gain a competitive advantage by leveraging organizational capabilities worldwide. These two perspectives imply that MNEs face conflicting pressures when adopting HRM practices in their host country subsidiaries. This article discusses the rationale for why MNEs’ subsidiaries should intermediately conform to both internal and external institutional forces and adopt a combination of home and host country HRM practices. Furthermore, it suggests that intermediate conformity contributes to a higher survival rate of MNE subsidiaries in host countries through improved operational efficiency and gained legitimacy. Additionally, this article discusses the moderating role of a subsidiary’s resource dependency on the local environment, indicating that when the resource dependency is higher, the relationship between intermediate conformity, operation efficiency, legitimacy, and survival rate is weaker. |
| Millennials’ perception towards adaption and intention of m-banking: Experience from a developing country | Author : Noman Hasan, Md. Shahed Mahmud, Abdul Gaffar Khan, Reshma Pervin Lima, Shiblu Miah | Abstract | Full Text | Abstract :In recent years, m-banking has been developed rapidly around the world. The research aims to measure millennials’ perception towards adaption and intention of m-banking from a developing country’s perspective. A PLS-SEM modeling approach was performed to test the hypothetical model. The empirical results reveal that perceived ease of use, perceived security and privacy, and perceived cost significantly affect the millennials’ attitude to adopt m-banking. In contrast, perceived usefulness and perceived self-efficacy have an insignificant effect. Furthermore, attitude towards adopting m-banking significantly impacts adoption and intention among millennials. Practical and theoretical implications have been identified based on the study results. |
| Advancing sustainable investing: A deep learning model for multisource stock prediction | Author : Hongxuan Yu, Tingting Zhang, and Murat Kizildag | Abstract | Full Text | Abstract :The burgeoning role of the stock market within the national economy elevates the importance of precise stock price analysis and prediction, a field that has garnered substantial interest in academic research. Stock price fluctuations, influenced by many factors, including company fundamentals, market sentiment, capital flows, industry news, and macroeconomic policies, present a highly dynamic and complex challenge for predictive modeling. Addressing this challenge, our study introduces an innovative method that capitalizes on the synthesis of news text and stock price data for forecasting market movements. We employ GloVe embeddings to capture semantic nuances from news text and integrate them with quantitative stock data through a sophisticated attention mechanism. This multifaceted approach is operationalized within a predictive model underpinned by long short-term memory (LSTM) networks and an attention framework geared toward deciphering the intricate, non-linear patterns characteristic of stock market time series data. Our empirical evaluation, conducted on a comprehensive dataset, reveals that our model significantly outperforms traditional methods, marking a notable advancement in prediction accuracy. The results underscore the efficacy of combining textual and numerical data through deep learning techniques, providing a robust tool for investors and analysts to navigate the volatile terrain of stock markets with enhanced foresight. |
| A comparative study of Argentinean and Colombian employee perceptions of managerial behavioral effectiveness | Author : Carlos E. Ruiz and Melinda K. Cline | Abstract | Full Text | Abstract :This study explores the similarities and differences among Argentinean and Colombian employees regarding their perceptions of effective and ineffective managerial and leadership behavior by conducting a qualitative multiple cross-case and cross nation comparative analysis of findings from two previous emic replication studies. The findings of this study suggest more similarities than differences in the perceptions of Argentinean and Colombian workers about effective/ineffective managerial and leadership behaviors and highlight important nuances. Although there are cultural differences among Argentineans and Colombians, the findings of this study suggest that culture may not play a substantial role in the perception of managerial behavioral effectiveness. These findings are relevant to human resource professionals training executives for assignments in Argentina and Colombia. Designing training programs that help managers understand what are perceived as effective/ineffective managerial behaviors by Argentineans and Colombians can improve the effectiveness of Argentinean managers working in Colombia and Colombian managers working in Argentina. |
| The Piranhas: Endgame of Banking in Indonesia | Author : F. Mario Andaru and Bambang Hadinugroho | Abstract | Full Text | Abstract :Neobank is a form of financial technology innovation that offers banking services without a branch office. This is a form of disruption in the banking industry. Therefore, this paper aims to look at the phenomenon regarding the shift in the banking industry due to the presence of neobanks and, at the same time, question whether this is the beginning of the extinction of conventional banking. Based on an analysis of the literature on fintech and digital banking from research, case studies, and news media in both English and Indonesian, this study discusses research related to neobank trends disrupting the conventional banking industry. Finally, this paper shows the phenomenon of the presence of neobanks and regulation from the government and market response. This research finds that fintech disrupts the financial services sector and changes customer behavior. This was further clarified when the concept of neobank emerged through Bank Jago and Bank Neo Commerce, which became the starting point for the conventional banking industry to transform into fully digital banks. Future research on neobanks will show how all the conventional banking industries have changed their business models to become digital banks. |
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