Broad‐based employee stock ownership: What makes it effective in the management of human resources?

Research linking broad‐based employee stock ownership (BESO) with firm performance continues to receive considerable attention both in and outside the field of management. Despite the evidence being generally positive regarding the BESO–firm performance relationship, there has been a relative dearth of research providing insights into the circumstances surrounding the effectiveness of BESO. With this research gap in mind, we formulated and launched this special issue. This guest editor introduction begins with a look at the research on this topic, followed by a brief discussion of each article accepted for publication. We conclude by highlighting the major themes from the collective contributions of the articles and share insights regarding future research in this growing research domain.     

A comparative study of the application of systems thinking in achieving organizational effectiveness in Malaysian and Pakistani banks

The present work is a comparative study of the banking industry of Malaysia and Pakistan. The paper aims to measure the impact of individual systems thinking on the overall organizational effectiveness. Skilled individuals are considered as an asset of the organization especially when these individuals exhibit systems thinking capabilities that helps in achieving effectiveness. The sample consisted of 368 respondents belonging to lower and middle tier levels in the banking sector of both countries. The results indicate that Malaysian banking employees are ahead of their counterparts in Pakistan while applying systems thinking. The study is significant in enhancing the understanding of the importance of systems thinking for organizational effectiveness. The study has managerial implications for the top management of banks.     

Technological capabilities,resilience capabilities and organizational effectiveness

Abstract

Previous research has defined resilience as a desirable characteristic for an organization and its members to possess when circumstances adversely change. Resilience is analysed through different perspectives as organizational responses to external threats, organizational reliability or employee strengths. However, the role of resilience in enhancing organizational effectiveness is not fully understood. Grounded in organizational ambidexterity, the current research tests the value of resilience capabilities developed through specific Human Resource Practices (HRPs) in the context of ever-changing market conditions. This paper argues that as well as technological capabilities, HRPs that build resilience within an organization are needed to successfully implement technological change. Resilience capabilities are a mediating factor between technological capabilities and organizational effectiveness, whilst environment dynamism and competitive intensity are moderators of this relationship. Using a primary sample of 205 manufacturing firms, a model is presented and tested using Structural Equation Modelling. The results reinforce the importance of HRPs in building resilience which helps firms to continuously adjust to change and subsequently enhance their organizational effectiveness.     

Chinese jigsaw: Solving the equity market response to the COVID-19 crisis: Do alternative asset provide effective hedging performance?

Against COVID-19 risks, this paper examines the hedging performance of alternative assets including some financial assets and commodities futures for the Chinese stock market in a multi-scale setting. Dynamic conditional correlations and optimal hedge ratios of the Shanghai stock exchange with Bitcoin, Dow Jones Industrial Average, Gold, WTI, Bonds and VIX returns are estimated before and during the pandemic crisis. In the short-term, the use of wavelet decomposition shows that Bitcoin provides the best hedge to the Shanghai stock market. In the long-term, commodities dominate. Whereas WTI offers the highest hedging effectiveness, Gold ranks second by a slight margin. These results allow investors to choose the highest returns and protecting tail risk during the current sanitary crisis. Our findings suggest particularly more pronounced economic benefit of diversification including alternative financial assets while commodities futures serve as good hedge assets especially during unpredictable crisis like the current sanitary crisis relating to the covid-19.     

基于工学结合视角下高职思政课实践教学的思考

工学结合人才培养模式,作为高职院校内涵建设的重要理论成果已普遍为大家所接受。思政课教学可以借鉴行动导向教学方法,从政治理论课实践教学目标的设定,教学方法的设计以及考核方式等方面,对思政课实践教学进行积极探讨,以提高高职思想政治理论课教学的实效性。     

基于制度理论的反腐败研究

基于制度理论,对香港与新加坡的案例进行分析与比较,应用COX回归分析方法考察社会制度对社会反腐过程的影响,结果表明:社会经济制度包括社会文化在反腐败过程中起着显著的影响作用。     

商务英语听力教学中的语块研究

如何提高商务英语听力水平一直是困扰大学英语教师的难题。从组块视角研究语块与商务英语听力之间的关联性无疑具有行业领先性。语块的有效记忆与应用将有助于提高学习者听力理解的流利度与正确度,减少学生听力理解过程中处理信息所耗费的资源,减轻大脑短时记忆负荷,加快解码速度,从而大幅提升商务英语听力的效率和效力。     

城市群规划的实效性评价方法及应用——以江西省城市群规划为例

在对城市群规划实效性评价的含义、原则、指标和方法进行阐述的基础上,建立评价指标体系和AHP评价方法对江西省四次城市群规划的实效性进行了定量评价.研究发现,基于城市群规划实效性评价概念和内容的AHP建模方法对城市群规划系统的实效性评价具有一定效果,它能将复杂的规划系统给予定量化的比较,同时还具有思路清晰、方法简便、系统性强等特点.当然,在具体应用中,还需根据评价对象对评价指标和权重作相应的改进.     

服务承诺策略有效性实施探讨

服务承诺,是服务机构通过公开媒体向顾客预示服务质量或效果,并予以保证或赔付的营销行为,其目的是降低顾客购买风险和增加顾客满意度。但是,服务企业要有效发挥服务承诺的作用,就必须在服务承诺设计上遵守"内容适度"、"表述清晰"和"兑付容易"等原则;在实施服务承诺时,要综合考虑服务本身特点、服务企业状况、服务行业情况和顾客特征等一系列因素。