Journal SEISENSE Journal of Management-
SEISENSE Journal of Management, Volume 2, pp 62-71; doi:10.33215/sjom.v2i5.216
Abstract:Purpose - Knowledge absorptive capacity plays a significant role in export performance. It is a dynamic capability that firms apply to gain competitiveness in today’s knowledge-based economies. The aim of the present research is to identify relationship among dimensions of KAC and export performance. Design/Methodology - Nature of study was descriptive and quantitative. Data was collected through questionnaires from 291 large scale textile firms of Pakistan. Smart PLS was used in analyzing data by incorporating CFA and SEM techniques to test the hypotheses. Findings - The results reveal that knowledge acquisition, transformation, and exploitation have significant positive relationship with export performance.
SEISENSE Journal of Management, Volume 2, pp 47-61; doi:10.33215/sjom.v2i5.181
Abstract:Purpose- The purpose of this study is to analyze whether an increase in the concentration of industry causes an increase in the level of the Department of Justice Antitrust Division (DoJ)’s antitrust enforcement within that industry. Design/Methodology- The study employed secondary data and quantitative research method was also utilized to achieve the objectives of the study. Multiple regression analysis techniques were used to analyze the data. Findings- The results support the hypothesis that an increase in the concentration of industry causes an increase in the level of Department of Justice Antitrust Division (DoJ)’s antitrust enforcement within that industry. It appears that industry-level revenue from exports is highly correlated with the size of that industry and its lobbying activity. Practical Implications- These results have practical relevance which helps to predict the intensity of antitrust activity in future years. Its practical implication is that there are disparities in antitrust enforcement that are influenced by factors other than concentration. By creating a benchmark that takes into account components such as this, the Department of Justice Antitrust Division (DoJ) can identify those companies who are likely to be engaging in anticompetitive behavior.
SEISENSE Journal of Management, Volume 2, pp 29-46; doi:10.33215/sjom.v2i5.194
Abstract:Purpose - This paper aimed to examine the moderating role of capital structure in the relationship between institutional and foreign ownerships on corporate diversification of listed firms at the Nairobi Securities Exchange, Kenya. Design/Methodology - The target population comprised of all the 65 listed firms at Nairobi Securities Exchange in Kenya. However, the inclusion criteria were based on all firms listed at the NSE from 2003 to 2017. Findings - Capital structure significantly moderated the relationship between institutional ownership and corporate diversification. However, there was a statistically insignificant moderating effect of capital structure in the relationship between foreign ownership and corporate diversification. Practical Implications - As to increase diversification, listed firms are suggested to have low levels of capital structure and institutional ownership. Furthermore, low levels of foreign ownership and high capital structure is vital in attaining high diversification levels. Originality - The study contribution is the moderating effect of capital structure in institutional ownership - corporate diversification linkage.
SEISENSE Journal of Management, Volume 2, pp 20-28; doi:10.33215/sjom.v2i5.151
Abstract:This study examines the moderating effect of Institutional ownership on the relationship between influence of intellectual capital and financial performance of listed conglomerate firms in Nigeria. The study utilized five out of six listed conglomerates firms in Nigeria. The study adopted correlational research design; using secondary data extracted from annual reports and account of the sampled firms within the period of the study of 2007-2017. The results from pooled ordinary least square regression (OLS) and Fixed effect revealed that intellectual capital indexed by value added intellectual coefficient (VAIC) has positive and significant impact on financial performance indexed by return on asset (ROA) of listed conglomerate firms in Nigeria. Furthermore, the interaction effect of institutional ownership was found to be positive and significant. It is therefore recommended institutional shareholders should invest more in shares of listed conglomerate firms in Nigeria and that management should recognize the effort and understand the importance of intellectual capital toward improving firm performance.
SEISENSE Journal of Management, Volume 2, pp 1-19; doi:10.33215/sjom.v2i5.186
Abstract:Purpose- This paper aimed to determine the conditional effect of University reputation on the indirect process of external prestige on the relationship between social media and students’ attitude towards postgraduate enrollment. Design/Methodology- The study adopted a cross-sectional survey design, multistage random sampling in collecting data using a self-administered questionnaire. The sample size was 504 students from four universities in Kenya. Findings- Outcome indicates a partial indirect effect of social media and students’ attitude via external prestige. It further reveals a conditional effect of university reputation on the link between; social media and external prestige, and, external prestige and students' attitude. Finally, a test of the conditional indirect process is also confirmed. Practical Implications- Results of the study might help university managers and policymakers in developing effective strategies, policies, and techniques to attract potential students through social media platforms and also develop and strengthen university prestige and reputation through proper management of resources, social responsibility, and employment of qualified academic staff. Originality/value- The study findings bring new understanding concerning the indirect effect, the conditional process and highlight new insights on identifying mechanisms that exert a conditional effect on the indirect paths of the study variables.
SEISENSE Journal of Management, Volume 2, pp 88-95; doi:10.33215/sjom.v2i4.171
Abstract:Purpose - The objective of the study is to investigate the relationship between the credit information sharing and the funding cost of banks of the top ten “AA rating” commercial banks of Pakistan as the Commercial banks also play a significant role in the economy of every country. Design/Methodology - In this study, panel data were analyzed from 2011 to 2017. We selected the top ten “AA rating” banks from Pakistan credit rating agency (PACRA) website, and data related to another related variables are obtained from financial statements of the respective banks. Generalized Method of Moments (GMM) statistical technique was employed to measure the relationship among related variables. Findings - The result of the study shows that there is a negative and significant relationship between credit information sharing, operation efficiency, and funding cost. On the other side, profitability has a positive and significant relationship with the funding cost of the bank. Practical Implications - To manage the funding cost policymakers must focus two key findings which are credit information sharing and operational efficiency of bank and set up a credit information sharing institutions which help to reduce information irregularity and ultimately manage the funding cost of the banks.
SEISENSE Journal of Management, Volume 2, pp 79-87; doi:10.33215/sjom.v2i4.173
Abstract:Purpose-The Objective of this study is to investigate the moderating role of Intellectual Capital between the relationship of Bank internal factor and Credit Risk in Islamic banks of Pakistan. Design/Methodology-Panel data are obtained from annual reports of 4 Islamic banks of Pakistan from the period 2006 to 2017. These are analyzed using hierarchical regression techniques, via Eviews 9 software. Findings-The results showed that intellectual capital significantly moderates the relationship of bank internal variable and credit risk in Islamic banks in Pakistan. Practical Implications-The study found that Intellectual Capital is a very important driver for credit risk. The investment in Intellectual Capital may lower the credit risk which will further help in the growth and sustainability of the bank and hence the growth in the economy. The results of the study will be useful for bank management, policy maker, and regulator and academia for future research.
SEISENSE Journal of Management, Volume 2, pp 65-78; doi:10.33215/sjom.v2i4.166
Abstract:Purpose-This study examines the relationships between product line strategies and competitive advantage in Nigerian foods and beverages industry. Design/Methodology-Data were obtained from a sample of 278 employees choosing from 8 companies in the foods and beverages industry located in north-eastern Nigeria using a self-administered questionnaire. Pearson's correlation and Multiple regression were conducted in the data analysis. Findings-Findings of the research revealed that all four hypotheses were supported signifying that product line strategies have significant effects on the competitive advantage of foods and beverages companies in Nigeria. Practical Implications-The study combined the dimensions of product line strategies to determine optimal product line in the food and beverages industry. It provides the decision makers of food and beverages firms in Nigeria with a guide for determining the blend of product line strategies to adopt in order to gain competitive advantage. It also served as a guide to potential investors in the food and beverages industry to make an informed decision that can strategically improve the efficiency and effectiveness through its advocacy on reforming product line strategies.
SEISENSE Journal of Management, Volume 2, pp 51-64; doi:10.33215/sjom.v2i4.162
Abstract:Objective – The main objective of this study is to measure the relationship between ownership structure and capital structure by using the chemical sector of Pakistan. Design – This study is used the panel data and retrieved from the annual reports of the chemical sector of Pakistan for the time period of 2012 to 2017. Findings – The finding the statistical analysis shows that ownership structure has a significant positive relationship on capital structure. Which mitigate the agency conflicts among managers and shareholders, because the majority of the shareholders would like to have a higher level of debt over equity financing. Policy Implications – The findings of this study also can be helpful to the policymakers, investors and financial institution in designing ownership structures and financing decisions for firms. Originality – This is the first study that examined the relationship between ownership structure and capital structure in the context of the chemical sector of Pakistan.
SEISENSE Journal of Management, Volume 2, pp 35-50; doi:10.33215/sjom.v2i4.157
Abstract:Purpose: Integrated reporting is a process founded on integrated thinking, with the aim of issuing periodic integrated reports by firms about value creation over time. This study investigates the effect of board attributes (independence, diligence, and size) on the quality of integrated reporting of Nigerian listed oil and gas firms. Design/Methodology: Panel data are obtained from annual reports of a purposive sample of 10 out of the 12 listed Oil and Gas firms in Nigeria from 2013 to 2017. These are analyzed using multiple regression techniques, via STATA 13.0 software. Results: Based on the analysis conducted, findings show that the board independence and board size have a significant and positive effect, while board diligence has an insignificant and positive effect on the quality of integrated reporting, proxied by integrated reporting disclosure score (IRDSCORE). This outcome implies that having the optimum mix of members on the board influences the extent of integrated disclosures of listed oil and gas firms in Nigeria. Practical Implications: Global corporate reporting is currently driving towards integrated thinking, incorporating financial, governance, social and environmental issues to promote long-term value creation. As a third world nation, the adoption of integrated reports is voluntary in Nigeria. However, considering the information needs of all stakeholders and appointing qualified persons on the board by shareholders, and formulating enabling policies in this direction by regulatory agencies would drive corporate reporting to be more integrative to drive long-term value maximization.