The Moderating Effect of Managerial Discretion on Blockchain Technology and the Firms’ Innovation Quality: Evidence from Chinese Manufacturing firms

2021 ◽  
pp. 108219
Author(s):  
Tachia Chin ◽  
Wannan Wang ◽  
Meng Yang ◽  
Yunlong Duan ◽  
Yantai Chen
Keyword(s):  
Manufacturing Firms ◽  
Managerial Discretion ◽  
Moderating Effect ◽  
Blockchain Technology ◽  
Innovation Quality ◽  
Quality Evidence

Strategic orientations, firm performance and the moderating effect of absorptive capacity

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Manuel-Alejandro Ibarra-Cisneros ◽  
María del Rosario Demuner-Flores ◽  
Felipe Hernández-Perlines
Keyword(s):  
Firm Performance ◽  
Market Orientation ◽  
Absorptive Capacity ◽  
Entrepreneurial Orientation ◽  
Manufacturing Firms ◽  
Moderating Effect ◽  
Equation Modeling ◽  
Content Type ◽  
Strategic Orientations ◽  
The Relationship

PurposeThe purpose of this article is to study the moderating effect of absorptive capacity, defined as the set of organizational routines and processes through which companies acquire, assimilate, transform and exploit knowledge to produce a dynamic organizational capacity (Zahra and George, 2002), in three strategic orientations: market orientation; technology orientation and entrepreneurial orientation and their positive relationship in the performance of the medium and large Mexican manufacturing firms. Likewise, it is determined whether these three combined SOs influence firm performance.Design/methodology/approachThe data was collected from 171 medium and large-sized Mexican manufacturing firms. The proposed hypotheses are tested using partial least square structural equation modeling (PLS-SEM).FindingsDespite the importance of knowledge for the development of firms, the results indicate that the moderating effect of absorptive capacity is only present in the relationship between entrepreneurial orientation and firm performance. That is, firms cannot take advantage of knowledge simultaneously between the three strategic orientations. For their part, market orientation and entrepreneurial orientation exert a positive influence on firm performance.Practical implicationsThe main practical implication for the manufacturing industry is that they must develop mechanisms to detect what kind of knowledge affects each strategic orientation, in this way it can make the absorptive capacity influence the relationships between SO and FP.Originality/valueThe main contribution consists of studying the moderating effect of the absorptive capacity on the relationship between three strategic orientations and firm performance, and not concentrating solely on the simultaneous use of these strategies as is commonly done.

The Moderating Effect of Family Management on R&D Productivity in Privately Held Firms

2019 ◽  
pp. 309-338 ◽  
Author(s):  
María J. Martínez-Romero ◽  
Rubén Martínez-Alonso ◽  
M. Pilar Casado-Belmonte ◽  
Alfonso A. Rojo-Ramírez
Keyword(s):  
Family Firms ◽  
Innovation Management ◽  
Manufacturing Firms ◽  
Moderating Effect ◽  
Family Management ◽  
Strengthening Effect ◽  
Longitudinal Sample ◽  
General Terms ◽  
The Relationship ◽  
Privately Held

The aim of this chapter is to analyze the moderating effect of family management on the relationship between R&D inputs and R&D outcomes, that is, R&D productivity. Using a longitudinal sample of 337 Spanish privately held manufacturing firms, the results show that in general terms, although family managed firms invest less in R&D than their non-family managed counterparts, they reinforce the conversion of R&D inputs into R&D outcomes. Moreover, the findings reveal that the strengthening effect of family management on R&D productivity is contingent upon the level of R&D expenditures. Thus, this chapter contributes to shedding some light into the debate regarding innovation management in privately held family firms.

Financial Liberalization and Managerial Discretion in the Security Issue Decision: Evidence from an Emerging Economy

2001 ◽  
Vol 04 (02) ◽  
pp. 221-234 ◽  
Author(s):  
Saumitra N. Bhaduri
Keyword(s):  
Financial Liberalization ◽  
Manufacturing Firms ◽  
Managerial Discretion ◽  
The Other ◽  
Policy Recommendation ◽  
Security Issue ◽  
Corporate Sector ◽  
External Finance ◽  
Investment Opportunities ◽  
Do So

This paper investigates the Managerial Discretion Hypothesis in the context of the Indian corporate sector. The hypothesis postulates that if the interests of the managers and the other stakeholders of the firm are not perfectly aligned, then the managers tend to issue equity which might be contrary to the latter's interest. We have examined a sample of 216 manufacturing firms, which have opted for external finance during the year 1994–1995. Our findings reveal that for many firms, particularly those with poor investment opportunities, managers issue equity even when they are not expected to do so. This paper, as a policy recommendation, highlights the importance of creating appropriate institutions prior to pursuing financial liberalization in developing countries like India.

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