scholarly journals Internationalization and Performance of Vietnamese Manufacturing Firms: Does Organizational Slack Matter?

2018 ◽  
Vol 8 (4) ◽  
pp. 64 ◽  
Author(s):  
Hien Thi Ngoc Huynh ◽  
Phuong V. Nguyen ◽  
Khoa T. Tran
Keyword(s):  
Emerging Market ◽  
Developed Countries ◽  
Organizational Slack ◽  
Optimum Level ◽  
International Expansion ◽  
Manufacturing Enterprises ◽  
Long Run ◽  
Third Stage ◽  
And Performance ◽  
Using Data

This paper aims to investigate the three-stage theory of international expansion in the long run from the perspective of firm behavior. Although this topic has been mostly explored using data from developed countries, this paper aims to fill the research gap in an emerging market by using an extensive unbalanced panel data of 12,704 unlisted Vietnam manufacturing enterprises from the General Statistics Office during 2007 to 2012. The findings illustrated a significant S-shaped relationship between internationalization and performance. Notably, the results depict significantly moderating effects of both high-discretion slacks and low-discretion slacks on the internationalization–performance relationship across three stages of global expansion as an enterprise enhances this relationship in the first and third stage although this worsens it in the middle stage. The empirical results suggest that firms should determine the optimum level of internationalization and slacks in addition to balancing their costs with their real gains.

AN EVALUATION OF INVENTORY MANAGEMENT AND PERFORMANCE IN INDIAN MACHINE TOOL SMEs: AN EXPLORATORY STUDY

2010 ◽  
Vol 07 (04) ◽  
pp. 405-422 ◽  
Author(s):  
RAJEEV NARAYANAPILLAI
Keyword(s):  
Machine Tool ◽  
Inventory Management ◽  
Positive Impact ◽  
Small And Medium Enterprises ◽  
Decisive Role ◽  
Developed Countries ◽  
Primary Data ◽  
Inventory Cost ◽  
Manufacturing Enterprises ◽  
And Performance

Inventory management (IM) plays a decisive role in the enhancement of efficiency and competitiveness of manufacturing enterprises. Therefore, major manufacturing enterprises are following IM practices as a strategy to improve their efficiency and achieve competitiveness. However, the spread of IM culture among small and medium enterprises (SMEs) is limited due to lack of initiative and expertise as well as financial limitations in developed countries, let alone developing countries. Against this backdrop, this paper makes an attempt to ascertain the role and importance of IM practices and performance of SMEs in the machine tool industry in the city of Bangalore, India. The relationship between IM practices and inventory cost is probed based on primary data gathered from 91 SMEs. The paper brings out the fact that formal IM practices have a positive impact on the inventory cost and therefore, the IM performance of SMEs.

scholarly journals Growth of food sector’s productivity through innovations

2015 ◽  
Vol 37 (2) ◽  
pp. 252-263
Author(s):  
Ligita Melece ◽  
Agnese Krievina
Keyword(s):  
Management Practices ◽  
Value Added ◽  
Developed Countries ◽  
The United States ◽  
Manufacturing Enterprises ◽  
Personnel Costs ◽  
Process Innovations ◽  
Baltic Countries ◽  
Long Run ◽  
The Baltic

Productivity is the ultimate driver of long-run economic growth but productivity of European countries, particularly Latvia, is lagging behind the United States (US) and some other developed countries. The purpose of this paper is: to find out and to recommend innovations’ types, which are more suitable for increasing the competitiveness (i. e., productivity) of manufacturing enterprises, in particular, of Latvia’s food sector’s enterprises; where the tasks are: 1) to clarify the current situation regarding to the competiveness, particularly productivity, and innovations in the Latvia’s food sector, comparing with other Baltic States; and 2) to find out financially the least consuming innovative tools for increasing the competitiveness and productivity of food sector’s enterprises. The comparison of productivity between the Baltic countries and other European Union (EU) countries (EU – average) highlights that it is lower in Latvia. At the same time, the share of personnel costs in the production value is considerably higher. Moreover, the value added per employer is also smaller. The share of innovative food enterprises in Latvia is the lowest among Baltic countries, and also in EU. Comparing the types of innovation, the organisational innovations are less common in EU, Baltic countries and, especially, in Latvia, than in US. The results strongly highlight the importance of organisational, notably management, innovations as a tool (requiring smaller investments) for increasing the productivity of food enterprises. The implementation of organisational and process innovations, inter alia, management practices and tools, deliver improvements in effectiveness, particularly productivity, and will offer more potential for competitive advantage than others.

scholarly journals Identifying enablers of innovation in developed economies: A National Innovation Systems approach

2019 ◽  
Vol 7 (1) ◽  
pp. 108-128 ◽  
Author(s):  
Agostino Menna ◽  
Philip R. Walsh ◽  
Homeira Ekhtari
Keyword(s):  
Economic Growth ◽  
Systems Approach ◽  
Developed Countries ◽  
Growth Strategies ◽  
Developed Economies ◽  
Innovation Potential ◽  
Global Innovation ◽  
Long Run ◽  
Using Data ◽  
Innovation Approach

It has been recognized that innovation drives the long-run economic growth of nations and increasingly governments are placing innovation at the center of their economic growth strategies. International variation in the investment on innovation presents an opportunity to examine key enablers of innovation-driving policy choices. Countries find themselves at different stages of economic development and innovation performance and so their relative levels of innovation inputs and outputs are likely to be different. In this study we employ a systems of innovation approach to examine what enables improvements in innovation potential among developed countries. Using data from the 2017 Global Innovation Index (GII) Report, we subjected 770 data measures to an analysis of 242 relationships involving changes in the GII’s innovation inputs/outputs scores and overall innovation potential of 35 OECD countries over a five year period (2012 to 2016). Our findings suggest that instituting policies that improve access to open and competitive markets is the most significant enabler for raising a developed country’s innovation potential.

scholarly journals An Empirical Assessment of the Q-Factor Model: Evidence from the Karachi Stock Exchange

2017 ◽  
Vol 22 (2) ◽  
pp. 117-138 ◽  
Author(s):  
Humaira Asad ◽  
Faraz Khalid Cheema
Keyword(s):  
Stock Returns ◽  
Stock Markets ◽  
Small Firms ◽  
Factor Model ◽  
Stock Exchange ◽  
Emerging Market ◽  
Developed Countries ◽  
Q Factor ◽  
Fama And French ◽  
Using Data

This paper tests the validity of the q-factor model on stocks listed on the Karachi Stock Exchange in Pakistan. The q-factor model is an investment-based factor model that explains stock returns based on market, profitability, investment and size factors and it tends to outperform the traditional CAPM, the Fama and French (1993) three-factor model and Carhart (1997) four-factor model, with some exceptions. While the model has been tested using data from stock markets in developed countries, the dynamics of emerging stock markets are significantly different, warranting a reapplication of the model to average stock returns in a developing market. We use data from the Karachi Stock Exchange to test the model in an emerging market context. The results show that, as firms increase their investment, their stock returns decline. Hence, a firm’s investment is conditional on a given level of profitability. The size effect is strongly significant for small firms, but absent for large firms. Finally, the study identifies new factors that give a better understanding of returns in the context of an emerging economy such as Pakistan.

Hedge Fund Characteristics and Performance Persistence: Evidence from 1996–2006

2015 ◽  
Vol 05 (02) ◽  
pp. 1550018 ◽  
Author(s):  
Pavitra Kumar
Keyword(s):  
Hedge Fund ◽  
Abnormal Returns ◽  
Performance Persistence ◽  
Past Performance ◽  
Long Run ◽  
Short And Long Term ◽  
And Performance ◽  
Using Data

This paper investigates the association between selected hedge fund characteristics and persistence in both positive and negative abnormal returns using data from the TASS database between 1996 and 2006. I find that higher fund age, size and illiquidity, after controlling for risk, generate stronger persistence in both short- and long-term positive abnormal returns, or good performance. Therefore, these features appear to signal superior managerial and/or fund skill. Furthermore, funds with higher incentive fees display greater long-run persistence in both good and bad performance, net of fees. These results suggest that incentive fees are increased by both skilled and unskilled, but lucky, funds following good past performance.

scholarly journals Emerging multinationals' strategic asset-seeking M&As: a systematic review

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Yanze Liang ◽  
Axèle Giroud ◽  
Asmund Rygh
Keyword(s):  
Literature Review ◽  
Multinational Enterprises ◽  
Emerging Market ◽  
Developed Countries ◽  
Performance Outcomes ◽  
Future Research ◽  
Content Type ◽  
Global Presence ◽  
Emerging Multinationals ◽  
And Performance

PurposeEmerging market multinational enterprises (EMNEs) have consolidated their global presence recently, challenging existing international business (IB) theories. One of their most significant characteristics has been the prevalence of strategic asset-seeking (SAS) mergers and acquisitions (M&As) targeting firms in developed countries. Such SAS M&As have been ascribed to the aim of acquiring or augmenting firm-specific advantages, rather than exploiting existing advantages. A literature review is needed to synthesize the growing number of academic studies and to contribute to ongoing theoretical developments on EMNEs' catch-up strategies.Design/methodology/approachThe authors follow a standard systematic literature review approach. The authors collate academic studies on EMNEs' SAS M&As in developed markets published between 2000 and mid-2020, structuring the analysis using the logic of antecedent, process and performance outcomes.FindingsThe authors present recent research trends in terms of year, journal, theories and methods. The authors synthesize and analyze existing knowledge on EMNEs' SAS M&As and identify remaining gaps to suggest future research directions.Originality/valueThe review contributes by focusing on the key argument of current EMNE research – SAS M&As. By providing the first focused review on this topic, it provides a basis for further research on EMNEs' SAS M&As.

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