The Association Between Accounting Determined Risk Measures and Analysts' Risk Perceptions in a Medium-Sized Stock Market

This paper investigates the association between financial analysts' risk perceptions and accounting and market determined risk measures in Hong Kong. Analyses from a survey of risk perceptions among analysts reveal that:
(1) Accounting determined risk measures, together with a contextual variable, explain 0.77 of the variation in perceptions. The statistic is comparable to those reported for the US and UK stock markets.
(2) Analysts perceive higher risk in companies expected to exhibit a decline in earnings.
(3) Correlation between perceptions and p-e ratios is -0.74.
(4) Correlation between market beta and p-e ratios/perceptions is not significant.
The results suggest that earnings expectations play a substantial role in the formation of risk perceptions and that risk perceptions may be a superior surrogate for ex ante market risk than beta. Implications for stock valuation in medium-sized markets are discussed.     

An exploratory procedure for identifying influential subgroups in linear regression

In some linear regression problems samples may be unwittingly drawn from a population that is heterogeneous in respect to intercept. For such problems, an exploratory method is developed to identify influential subgroups of a heterogeneous population. Discriminant analysis is used to characterize, interpret and validate subgroups. Four criteria are proposed to select a set of influential subgroups, which are then used in estimating a linear regression model. The method is illustrated through analysis of real data on political violence.     

The Institutional Domain of Technology Diffusion

Marketing implications of technological innovation have received considerable attention in the recent past. In this article, Mohan Reddy, John Aram, and Leonard Lynn suggest that the institutional scope for understanding technology diffusion, in addition to supplier and user organizations and industries, should include organizations that manufacture technological complementarities, institutions that possess vertical complementary assets, and the nonmarket sector. The nonmarket sector includes trade associations, professional societies, governmental agencies, independent research agencies, and public service organizations. The authors develop a set of propositions and discuss the implications of our framework for marketers of technical products.     

Cultural Immersion Trip to Southeast Asia: A Study of Cross-Cultural Intelligence

ABSTRACT

The primary purpose of this article is to demonstrate the execution of a successful short- term study trip to Southeast Asia and its influence on a student’s cultural intelligence. This article discusses an academic component of an international study trip that was developed for sophomores at a private university in the New England region of the United States. In an attempt to internationalize, the university led students on a 2-week international trip to Malaysia and Singapore known as the Sophomore International Experience. The authors have developed a model that combines an academically rigorous curriculum that juxtaposes domestic events/experiences with those of the foreign country and propose that the trip gives students first- hand international experience that prepares them to develop a global perception. The article evaluates the validity of the proposed theory with the help of the Cultural Intelligence Scale that measures significance improvements in cultural intelligence after taking the trip.     

Party Politics and the Political Economy of Ghana’s Oil

Ghana’s status as a new oil producer raises questions about the developmental effects of resources, and the role of political institutions in these processes. The conundrum this paper addresses is the rather limited impact of oil exploitation in Ghana despite the country’s strong democratic record and internationally acclaimed oil governance legislation. The reasons for this lie in the nature of elite-based political coalitions and we root our analysis of Ghana’s hydrocarbons in the political settlements literature, which moves us beyond the ‘good governance’ approaches so often linked to ‘resource curse’ thinking. We also move beyond the instrumentalism of political settlements theory to examine the role political ideas play in shaping resource governance. We argue that inter-coalitional rivalry has generally undermined the benefits of Ghana’s oil but that a crude interests-based interpretation is insufficient to explain differences between these coalitions.     

Employee experience –the missing link for engaging employees: Insights from an MNE's AI-based HR ecosystem

Analyzing multiple data sources from a global information technology (IT) consulting multinational enterprise (MNE), this research unpacks the configuration of a digitalized HR ecosystem of artificial intelligence(AI)-assisted human resource management (HRM) applications and HR platforms. This study develops a novel theoretical framework mapping the nature and purpose of a digitalized AI-assisted HR ecosystem for delivering exceptional employee experience (EX), an antecedent to employee engagement (EE). Employing the theoretical lenses of EX, EE, AI-mediated social exchange, and engagement platforms, this study's overarching aim of this article is to establish how AI-assisted HRM fits into an organization's ecosystem and, second, how it impacts EX and EE. Our findings show that AI-assisted applications for HRM enhance EX and, thus, EE. We also see increases in employee productivity and HR function's effectiveness. Implications for research and practice are also discussed.     

Talent management in the “new normal”—Case study of Indian IT services multinationals in China

Emerging market multinational corporations (MNCs) are coming under increasing scrutiny for their international performance. While the success of Indian IT multinationals in the West has been extensively researched and reported, there is a lack of research on their relative failure in China. The rise of economic nationalism and the COVID-19 pandemic pose challenges for the mobility of professionals and the global talent management (GTM) strategy of MNCs. Through in-depth interviews with senior managers from four well-known Indian IT services multinationals, this article presents an evidence-based critique of the design and implementation of their GTM strategy both inside and outside China. It focuses specifically on the quality of the IT talent pool in China, control and coordination issues, and the challenges of workforce localization.     

Customer experience in social commerce: A systematic literature review and research agenda

Social commerce (SC) is an upcoming trend that has changed the online shopping experience by allowing e-retailers to develop long-term relationships with customers and increase sales. Empowered by Web 3.0, SC offers many-to-many interactions, enhancing the quality and quantity of social interaction related to the seller–customer, information searches, and product/service delivery. The customer experience (CEX) has been well developed both in the online and offline contexts. However, limited attention has been paid to examining CEX in the SC setting. This study aims to conduct a systematic review of the literature to develop a conceptual framework exploring both the antecedents and consequences of CEX in the SC setting. In the process, we make three significant contributions to academia and practice. First, the study contributes to our understanding of CEX in the context of SC. Second, it proposes a conceptual framework by identifying antecedents of CEX and potential consequences using the consumer culture theory. Finally, it highlights a subject relevant to academia and practice while proposing recommendations for further research.