Review of Business Management

The Nature of the Intention to Act Sustainably: Design and Validation of a Measurement Scale

Lucero de Jesús Rodríguez-Jasso — 2026-01-28

Purpose – This study aims to develop and evaluate a measurement scale that establishes the influence of individual environmental attitudes, sustainability awareness, and personal values on the intention to act sustainably among Mexican university students.

Theoretical framework – This study was developed through the lens of the Theory of Planned Behavior.

Design/methodology/approach – Content, expert, and statistical validations were carried out on a sample of 192 young university students to conform and validate the instrument. Previous data analysis provided the suggested normality parameters, followed by an exploratory factor analysis that established the relevance of the items per construct for unidimensionality. Finally, a confirmatory factor analysis was carried out to confirm the unique conformation of the variables (convergent and discriminant validity).

Findings – An instrument composed of 19 items was obtained to evaluate the different variables, confirming the validity and reliability of the scale.

Practical and social implications of the research – The study contributes to identifying the factors that generate sustainable behavior. It clarifies which elements are catalysts for generating such behaviors and guides the development of strategies to help future decision-makers maintain a balance in their actions toward general well-being.

Originality/value – The originality lies in the depth of the scale's validation analysis, the generated model, the topic addressed, and the possibility of replication by subsequent studies.

The moderating role of national culture on work-from-home support and remote workers’ job satisfaction: Cross-country evidence

Heloise Helena Berger Ploszaj — 2026-01-28

Purpose – This study examines how national cultural dimensions moderate the relationship between perceived work-from-home-support (WFHS) and job satisfaction (JSAT).

Theoretical framework – It draws on self-determination and social exchange theories to explain how WFHS helps create optimal conditions for employees’ sense of productivity, which in turn motivates and enhances JSAT.

Design/methodology/approach – We surveyed a convenience sample of 241 employees from a multinational company with subsidiaries in four countries and collected cultural dimension scores from “Hofstede’s Globe” to test each hypothesis separately using PROCESS v3.5.3 for SPSS.

Findings – The results show that WFHS enhances JSAT in remote work settings, with culture serving as a significant moderator. Feminine and uncertainty-avoidant societies benefit most from WFHS, while individualistic and long-term oriented societies show no significant effects.

Practical and social implications of the research – The study bridges the gap between cultural dimensions and organizational support in remote work settings, showing that WFHS affects JSAT differently across cultures. Adapting remote work support to cultural expectations can enhance well-being and optimize organizational outcomes. It guides organizations in designing policies that balance autonomy in individualistic settings with structure and recognition in uncertainty-avoidant ones.

Originality/value – This research deepens the understanding of remote work by integrating cultural factors and showing how different national cultures affect the influence of WFHS on JSAT.

The Influence of Authentic Leadership and Interactional Justice on the Well-Being of Employees in the Financial Sector: The Role of the Leader's Affective Presence

Raffaela Maria Rammelt Sauerbronn — 2026-01-28

Purpose – To investigate how authentic leaders influence their followers' well-being at work and to examine the roles of the leader's affective presence and interactional justice in the relationship between authentic leadership and job satisfaction in the financial sector.

Theoretical framework – Grounded in the authentic leadership perspective and informed by affective social exchange theory, the study develops hypotheses regarding the roles of the leader's positive affective presence and interactional justice in promoting their followers' well-being.

Design/methodology/approach – The study employs a quantitative survey design to examine the proposed relationships between authentic leadership, the leader's positive affective presence, interactional justice, and job satisfaction. Validated scales were used to measure each construct, and statistical analyses were conducted to assess direct and mediating effects within the proposed model.

Findings – Authentic leadership is positively associated with the leader's positive affective presence, and both predict interactional justice. Positive affective presence and fair interactions mediate the relationship between authentic leadership and job satisfaction.

Practical and social implications – The study provides novel evidence on the connections between authentic leadership, the leader's affective presence, and interactional justice in predicting job satisfaction, suggesting that the development of authentic leadership capacities can foster a more positive and fair work environment, thereby enhancing quality of work life.

Originality/value – The study expands the understanding of the psychosocial mechanisms through which authenticity-based leadership styles promote well-being at work. It offers a more comprehensive explanation of the affective and relational processes that support healthy, emotionally high-quality organizational environments.

The Impacts of the State-Owned Enterprises Law on the Brazilian Stock Market

Vitor Gonçalves de Souza — 2026-01-28

Purpose – This study examines how the Brazilian stock market reacts to pivotal events related to the State-Owned Enterprises Law, including both governance-enhancing milestones and regulatory relaxations. It investigates whether ownership structure, governance levels, and listing segments influence investor responses.

Theoretical framework – Rooted in agency theory, the study explores how principal-agent conflicts, particularly in politically influenced state-owned enterprises, can affect firm performance and market behavior. The State-Owned Enterprises Law aimed to mitigate such inefficiencies through governance reforms.

Design/methodology/approach – We apply an event study methodology and difference-in-differences (DID) techniques to analyze the abnormal stock returns of 107 B3-listed companies during four pivotal events related to the State-Owned Enterprises Law, encompassing both its enactment and its subsequent weakening.

Findings – The results reveal positive cumulative abnormal returns (CARs) following governance-enhancing events, suggesting market confidence in improved oversight and reduced political interference. Conversely, events signaling a rollback of the law’s provisions, particularly the day the Chamber of Deputies approved the 2022 bill easing board appointment criteria, generated negative CARs, indicating concerns over transparency and governance quality.

Practical and social implications of the research – The findings highlight the sensitivity of asset prices to governance regulations in emerging markets. They reinforce the importance of institutional safeguards in reducing agency conflicts and protecting investor interests in state-owned enterprises.

Originality/value – This study contributes to the limited empirical literature on how Brazilian capital markets interpret corporate governance reforms. It offers new evidence on the roles of regulation, ownership structure, and governance quality in shaping market dynamics.

How do operations with admitted and eventual reinsurers impact the credit risk of insurers?

Patricia Arielly Neris Silva — 2026-01-28

Purpose – This study examines the profile of insurers that opted for admitted and eventual reinsurers following Complementary Law 126 and the increase in the cession limit established by Decree No. 10,167 and CNSP 451. It evaluates whether the new regulations increased the proportion of premiums ceded to these reinsurers and, consequently, insurers’ credit risk, since these reinsurers are not fully subject to SUSEP supervision.

Theoretical framework – The study is grounded in the theoretical basis of risk management and insurance regulation, focusing on reinsurance as both a risk mitigation tool and a source of credit risk.

Design/methodology/approach – A quantitative approach is adopted, using panel data from 80 Brazilian insurers from 2013 to 2023.

Findings – The results indicate a positive correlation between Decree No. 10,167 and the proportion of premiums ceded to eventual reinsurers. In addition, a positive correlation is also observed between the proportion of premiums ceded to these reinsurers and the credit risk capital of insurers.

Practical and social implications of the research – The study offers empirical evidence that Decree No. 10,167 may increase the credit risk of Brazilian insurers, affecting their solvency.

Originality/value – This research contributes to the understanding of how regulatory changes shape reinsurance practices and credit risk in Brazil, a market with distinct oversight for local and foreign reinsurers.

Governance of Buyer-Supplier Relationships in Food Supply Chains: Toward Relational Rents

Tatiane Pellin Cislaghi — 2026-01-28

Purpose – The study aims to identify the governance configurations adopted by buyer-supplier relationships (BSRs) to generate high levels of relational financial and knowledge rents.

Theoretical framework – The research follows the classification of formal and informal governance mechanisms proposed by Cislaghi et al. (2022).

Design/methodology/approach – The study uses a crisp-set Qualitative Comparative Analysis (csQCA) to examine data collected from 181 food and beverage suppliers in Brazil. The analysis considered 10 formal and 14 informal governance mechanisms.

Findings – The study identifies three governance configurations that generate high knowledge rents and two configurations that produce high financial rents for suppliers. The results emphasize the importance of contractual coordination and a good reputation as critical governance mechanisms across all configurations. Additionally, the study highlights the role of trust, information sharing, and other informal governance mechanisms in fostering relational rents.

Practical & social implications of the research – We contribute to the literature by showing that multiple configurations of governance mechanisms produce higher levels of relational rents for suppliers. Future research should consider both sides of the relationship to gain a comprehensive understanding of governance configurations and their impacts on relational rents.

Originality/value – To the best of our knowledge, this is the first study to adopt a configurational approach to identifying which governance mechanisms foster relational rents in BSRs. This paper fulfills the need to consider specific formal and informal governance mechanisms since they can be combined to produce knowledge and financial rents. Furthermore, it demonstrates that BSRs rely heavily on a vast repertoire of informal governance mechanisms to foster relational rents.