Review of Business Management

Would Perceived Organizational Spiritual Climate Matter If Spirituality Characteristics Influenced Physicians’ Intention to Quit?

Linus Jonathan Vem — 2024-11-29

Purpose – There has been a growing concern about physician turnover in sub-Saharan Africa. In this study, we explore the role of spirituality characteristics (SCs) and perceived organizational spiritual climate (POSC) on turnover intention (TI) among physicians in Nigeria, through the work-home interface (WHI).

Theoretical framework – To understand the growing concern about physician turnover in the health sector, a multi-theoretical perspective is adopted. Workplace spirituality theory, role expansion and conflict theories interact to determine the extent to which SCs mitigate work-home resources (WHRs) and demands (WHDs) attenuate the intention to quit among physicians.

Design/methodology/approach – Based on a two-wave questionnaire survey of 291 physicians practicing in Nigeria, an integrated framework was tested using Smart PLS 3.0.

Findings –While SCs are insignificantly related to TI, they have a positive and significant relationship with WHRs and a negative and significant relationship with WHDs. In addition, WHRs have a negative relationship with TI, while WHDs have a positive relationship with TI. The moderating role of POSC between SCs and WHRs and WHDs was also established.

Originality/value – This paper offers a first-hand assessment of the SCs construct as a formative variable. To the best of our knowledge, it is the first research effort to operationalize the construct and also provide a practical understanding of the negative side of spirituality through the moderating role of POSC.

Diversity Management and Organizational Performance: Mediation and Moderation of Commitment, Person-job fit and Empowerment

Lindomar Pinto da Silva — 2024-11-29

Purpose – This article aims to identify the diversity management effect on organizational performance in the Brazilian context. It also aims to assess the role of commitment, and the person-job fit as mediators, as well the empowerment as a moderating variable in the relationship between diversity management and performance.

Theoretical framework – We present and discuss the concepts of diversity management, person-job fit, structural empowerment, and commitment and their relationships.

Design/methodology/approach – This is a quantitative study using structural equation modeling, mediation and moderation between variables. Data were collected through a questionnaire administered between April and November 2022. The sample obtained was 568 individuals.

Findings – Diversity management positively affects organizational performance, and commitment acts as a mediating variable in this relationship. Empowerment positively moderates the relationship between diversity management and performance. It was also found that diversity management positively impacts both commitment and person-job fit.

Research Practical & Social implications – Organizations can benefit from greater performance both by increasing diversity management practices and by practices that increase the commitment and empowerment of their workers, since in the presence of a higher level of empowerment the relationship between diversity management and performance is increased.

Originality/value – This provides relevant suggestions about the role played by both diversity management and empowerment, which working together can improve the organization's performance, especially in Brazil where studies of this nature are rare.

Factors Influencing the Boycott Intentions of Turkish Consumers amid the Israel-Palestine Conflict

İbrahim Avcı — 2024-11-29

Purpose – The goal of the research is to determine the perceived efficacy of brand boycotting campaigns by Turkish consumers, as well as the effects of social pressure on boycott intention, the mediating role of social media, and the moderating role of discount sensitivity on these effects.

Theoretical framework – The research idea and model were developed following previous boycott research (Shin and Yoon, 2018; Muhamad et al., 2018; Asnawi et al., 2019; Zhai and Luo, 2023).

Design/methodology/approach – Data were collected from Turkish consumers using the convenience sampling method and an online survey. Using data from 417 consumers, the research hypotheses were investigated using structural equation modeling.

Findings – According to the findings, perceived efficacy and social pressure have a significant effect on consumers' boycott intentions, with social media playing a partial mediating role. Furthermore, consumers' sensitivity to discounts offered by boycotted firms was found to have a moderating effect on the relationship between social pressure and boycott intention.

Practical & social implications of research – Managers of boycotted brands should devise appropriate marketing strategies to minimize damage. Given the importance of social media in boycotts, it is imperative that brands actively use social media as a communication channel.

Originality/value – The fact that the paper examines the idea of boycotting in the context of both social media and consumer discount sensitivity demonstrates the importance of the research and its contribution to filling a gap in the literature.

Startup Valuation by Venture Capital Investors

William Aparecido Maciel da Silva — 2024-11-29

Purpose – Startups (SUs) are companies that operate in a scenario of great uncertainty, which makes it difficult to raise funds and survive. This study aims to investigate the main factors that affect the valuation of SUs from the perspective of venture capital investors (VCIs).

Theoretical framework – The valuation of SUs faces unique challenges such as the lack of historical financial data. As a result, entrepreneurs find it difficult to obtain a favorable valuation from VCIs. Mitigating information asymmetry in the valuation of SUs depends mainly on non-financial information.

Design/methodology/approach – More than 50,000 financing rounds – between January 1, 2010 and December 31, 2022 – of SUs located in Brazil, China, India, Indonesia and South Africa are analyzed. The hypotheses arising from the research objective are tested using hedonic regression.

Findings – It is found that the age and stage of development of SUs, as well as the level of investment in research and development and the size of the sector are factors that impact their valuation.

Practical & social implications of research – These results help SUs, VCIs and the market to identify non-financial determinants that can enable a more appropriate assessment of projects. Governments and regulators can consider this information when defining policies to promote investment.

Originality/value – This study innovates by presenting non-financial indicators that are considered by startup investors in emerging markets, thus enabling their effective potential up until the IPO phase.

Integrated Reporting and Earnings Quality: An Analysis in the Brazilian Context

Elise Soerger Zaro — 2024-11-29

Purpose – This study aims to analyze the relationship between the adoption of Integrated Reporting and earnings quality in the Brazilian context.

Theoretical framework – Earnings quality can signal a more sustainable, ethical, and transparent behavior by company management. Therefore, it can serve as an indicator of changes in management practices associated with the implementation of integrated thinking.

Design/methodology/approach – The study employed a panel data model, considering a sample of 630 observations from non-financial Brazilian companies from 2017 to 2020. The data for companies adopting integrated reporting were collected manually from the companies' corporate disclosures.

Findings – Analyzing the quality of integrated reporting revealed a significant relationship with earnings quality. This may indicate that these companies are making internal changes regarding information transparency, and it is also expected that they experience less pressure to deliver short-term results.

Research Practical & Social implications – The research findings are relevant for shareholders, highlighting how integration can drive internal changes within the company. For regulators and society, it presents an opportunity to anticipate the effects of adopting ISSB standards, as this body has incorporated the IIRC.

Originality/value – It allows for indirect observation of changes in company management and managerial opportunism. Brazil presents a relevant context due to the publication of oCPC 09 and the high number of adopters of integrated reporting.

Shareholding control, corporate governance and debt financing of Brazilian firms

Isac de Freitas Brandão — 2024-11-29

Purpose – This study investigates the effect of shareholding control and corporate governance on access to debt financing by Brazilian firms.

Theoretical framework – From the perspective of Agency Theory, the presence of controlling shareholders can contribute to a preference for debt financing. On the other hand, strengthening the internal corporate governance system can reduce agency conflicts and facilitate access to the credit market.

Design/methodology/approach – Using mean difference tests and regression analysis, we analyzed the relationship between debt financing, shareholding control and corporate governance of 168 firms listed on B3 in the period 2011-2019.

Findings – Debt financing is related to shareholding control, being higher in firms with majority control and lower in firms with dispersed control. The quality of corporate governance contributes to access to debt, especially in firms with shared control. However, in firms with dispersed control, the relevance of corporate governance is lower.

Research Practical & Social implications – The evidence reiterates the importance of strengthening the internal governance system of Brazilian firms as a way of improving access to the credit market, considering their ownership structure, especially the type of shareholding control.

Originality/value – The paper shows that shareholding control, as an attribute of the ownership structure and a determinant of agency conflicts, can influence corporate financing decisions and the relationship between the adoption of corporate governance practices and access to debt financing.

Organizational Learning and Impact Assessments: A Study of Social Businesses

Ana Carolina Ferreira de Siqueira — 2024-11-29

Purpose – This study aims to identify the key factors that lead to organizational learning through evaluation processes in social businesses. The research highlights how evaluation practices contribute to learning and the necessary conditions for this learning to occur within social enterprises.

Theoretical framework – The research is grounded in organizational learning and social business evaluation theories, focusing on how these frameworks apply to social enterprises seeking sustainable impact.

Design/methodology/approach – A multiple case study methodology was used. The study analyzed 13 organizations, including social businesses, investment funds, and an evaluation organization, through six case studies. Data collection was conducted via interviews and document analysis, focusing on how evaluation practices influence organizational learning.

Findings – The study reveals that evaluation fosters organizational learning when at least one of the following conditions is met: strong partnerships between investors and businesses, full team involvement in the evaluation process, continuous customer interaction, and investor-driven demand for relevant indicators.

Research Practical & Social implications – This study contributes to improving evaluation practices in social businesses, especially in developing countries. The findings suggest that tailored methodologies can enhance the ability of social businesses to learn from evaluations, potentially leading to more sustainable social impact.

Originality/value – The research offers a unique contribution to understanding how evaluation processes can drive organizational learning in social enterprises. It identifies practical factors that enable this learning, contributing to the advancement of both theory and practice in the field of social business.