Corporate and Business Strategy Review

Journal Information
ISSN / EISSN : 2708-9924 / 2708-4965
Published by: Virtus Interpress (10.22495)
Total articles ≅ 18
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Latest articles in this journal

Corporate and Business Strategy Review, Volume 2, pp 4-6; https://doi.org/10.22495/cbsrv2i1editorial

Abstract:
We are pleased to present the recent issue of the journal “Corporate and Business Strategy Review”. In this issue, current findings from the research are presented, which will support researchers with ideas for future work and provide managers and consultants with resources to support the development of solutions and assistance in decision-making.
Benjamin Dietz,
Corporate and Business Strategy Review, Volume 2, pp 54-68; https://doi.org/10.22495/cbsrv2i1art5

Abstract:
Studies on mergers and acquisitions (M&A), as well as on divestitures, suffer from heterogeneity within their research universe. This study sheds light on one specific type of transaction that, despite its relevance, has remained understudied: reacquisitions. Reacquisitions are a type of M&A in which previously divested company parts are reacquired by parent companies. Drawing on recent research on how investors assess M&A (e.g., Harrison & Schijven, 2016; Schijven & Hitt, 2012), as well as on the occurrence of reacquisitions (e.g., Gleason, Madura, & Pennathur, 2006), we focus on three empirical questions and show that most reacquisitions are likely to be associated with negative signals about potential synergy, as well as with information about problems or threats related to the reacquiring companies. Based on an event study of 71 reacquisitions and 71 divestitures followed by reacquisitions, and comparing them against “regular” M&A and divestitures, we find, inter alia, that investors assess reacquisitions significantly more negatively than regular M&A. Our findings support the view that investors’ assessments are based on incomplete information and do not necessarily reflect actual performance
Corporate and Business Strategy Review, Volume 2, pp 41-53; https://doi.org/10.22495/cbsrv2i1art4

Abstract:
The theory of the firm, as we know it from the literature, focuses on the boundary question. Recently, the idea of ecosystems, an organizational arrangement that lies somewhere between the firm and the market poles, has been promoted as an adequate response to the ongoing trend of digitalization (Jacobides, Cennamo, & Gawer, 2018). What is missing in the extant literature is an answer to or reflection on the normative question of what role business firms should or could play in modern societies, where major (“grand”) challenges such as climate change, poverty, migration, and rising inequality are seen (George, Howard-Grenville, Joshi, & Tihanyi, 2016). Thus, a core element of the traditional theory of the firm has been neglected, with the consequence that its social relevance is no longer evident. We focus on the strategic management discipline, with an aim to reintroduce the lost normative perspective and to provide a guideline for future theorizing about business firms as well as guidelines for practice. The three cornerstones of our framework are (de-) growth, sustainability, and digitalization. We emphasize the digitalization angle and elaborate on what we call the “common good orientation” of digitalization, using the key terms “internet as a commons”, “open-source”, and “cooperative platforms”
Alexandros G. Sahinidis, Panagiota I. Xanthopoulou, Panagiotis A. Tsaknis, Evangelos E. Vassiliou
Corporate and Business Strategy Review, Volume 2, pp 18-26; https://doi.org/10.22495/cbsrv2i1art2

Abstract:
The purpose of this paper is to identify the factors that determine entrepreneurial intention and examine the effects of age and prior working experience on the formation of entrepreneurial intention. A questionnaire-based survey was employed for the data collection. A total of 171 university students from a Business School in Greece participated in the survey. The findings of our research showed that perceived behavioral control and attitude are significantly influencing entrepreneurial intention. Additionally, our analysis indicates that age and prior working experience affect entrepreneurial intention. The contribution of this study concerns the illumination of the scarcely addressed in the literature relationship between age and work experience with entrepreneurial intention
Ajay Sidana, Neeru Sidana, Rohit Sood
Corporate and Business Strategy Review, Volume 2, pp 8-17; https://doi.org/10.22495/cbsrv2i1art1

Abstract:
Gold, which is considered to be the most precious metal (Bilal, Talib, Haq, Khan, & Naveed, 2013), from ancient times has been considered as a very conservative investment. Studies examining the utility of gold have found evidence in favour of gold as a source of the hedge (Narayan, Narayan, & Zheng, 2010; Bampinas & Panagiotidis, 2015), diversification (Ibrahim, 2012; Hoang, Lean, & Wong, 2015), as well as a safe haven in times of adverse market movements (Ciner, Gurdgiev, & Lucey, 2013; Bredin, Conlon, & Potì, 2015). This paper attempts to study how global gold price trends impact domestic gold prices and domestic gold price trends contemplate in international gold markets. The study has been based on 3157 observations of daily data recorded over a period of 13 years – from March 2005 to December 2018 – to show the relationship between the USA and India’s gold market. This paper fills the need for empirical evidence for the short and long-term interrelation between India and USA gold markets and the results show no evidence of a long-term association between Indian and COMEX gold spot prices.
Alan Fish, Xianglin Ma
Corporate and Business Strategy Review, Volume 2, pp 27-40; https://doi.org/10.22495/cbsrv2i1art3

Abstract:
This is a conceptual paper, supporting due diligence (DD) in reframing organisational leadership through an investment approach to human capital and mindset. The aim — to enhance relations between organisations, their multistakeholders, and ecosystems. Ambiculturalism and Ti-Yong (体用) underpin the proposed frames. Western and Chinese organisations, provide an example. An investment perspective, as distinct from a cost to operations approach, is presented through two frames, as core elements reflecting a human capital investment (HCI)–leadership investment mindset (LIM) focus. The frames are supported by Tao (道) philosophy, through the Yin-Yang & five elements — 阴阳五行 — expressed as Ti-Yong (Lao-tzu, 1998; Cheng & Bunnin, 2002). A Western theory, dualities (Evans, 1999), is also employed. Seven (7) propositions provide direction for assessing the efficacy of the proposed frames. Data has not been collected, hence methodology is presented via what may be undertaken, to test the efficacy of two complex frames. A combination of multivariate techniques, including PCA, CFA, SEM (LISREL), and/or partial least squares-structural equation modelling (PLS-SEM) is recommended. Ringle, Sarstedt, Mitchell, and Gudergan (2020) propose PLS-SEM for HRM issues to address issues tied to, model complexity, estimating constructs, and deriving latent variable scores. The relevance of the proposed frames goes to enhancing organisational leadership thinking and subsequent organisational leadership behaviour, through a DD process. Professional practice applications are addressed
Amy Bonuedi, Daniel Frimpong Ofori,
Corporate and Business Strategy Review, Volume 1, pp 66-81; https://doi.org/10.22495/cbsrv1i2art5

Abstract:
Corporate social responsibility (CSR) reporting and stakeholder management practices are influenced by contextual issues (Abreu, Castro, Soares, & Filho, 2012; Tilt, 2016). This current study examines the CSR reporting and stakeholder management practices, focusing on the perspective of CSR executives in the context of a developing country. A qualitative methodological approach was used for the study, where CSR executives of firms on the Ghana Club 100 (GC 100) from 2010-2012 were interviewed. Information published in annual reports and websites of firms were also analysed. Findings show annual reports are the popular channels for CSR reporting. However, some multinational firms used both annual reports and standalone CSR reports because it is mandatory. The study established that CSR reports are used in correcting negative perceptions and stakeholder scepticism. However, the expected positive interplay between CSR reporting and stakeholder management does not hold for all groups of stakeholders. There is also very little information on the existence of mechanisms that promote the implementation of stakeholder management policies at the firm-level
Patrick Ulrich, Alexandra Fibitz
Corporate and Business Strategy Review, Volume 1, pp 44-65; https://doi.org/10.22495/cbsrv1i2art4

Abstract:
This work is licensed under a Creative Commons Attribution 4.0 International License. Abstract This study analyses whether and how digital
Beniamino Milioto
Corporate and Business Strategy Review, Volume 1, pp 33-43; https://doi.org/10.22495/cbsrv1i2art3

Abstract:
The present research paper focuses on the major economic and social evolution regarding the concept of “sustainable development and co-related smart green economy initiatives” in the current 3rd millennium global agenda. The main purpose of the article is to integrate the successful business and economic smart city business and social model with highly sensitive risk governance relating to data collection, data monitoring, data storage, data control, and data governance currently considered as an economic modern drive of development for future global societies and IT corporate businesses and, primarily, as a pivotal government’s asset for strategic political and economic global governance. The analysis will cover the 11 goals of the UN 2030 Global Agenda regarding the creation of “smart cities” as the economic/social concept for inclusive human and urban agglomeration. The paper methodology, supported with the current literature review, reports which technologies, applications, and parameters will define a smart city and how new innovative business models might influence the new economic global order in full respect of the environment and human life.
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