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JEM Vol. 32(2), 2018


All articles of this journal are licensed under a Creative Commons Atribution-NonCommercial International License

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Corporate entrepreneurship and international performance of Nigerian banks

Julius Adebiyi Abosede, Joseph Fayose, Benneth Uchenna Eze
2018; 32(2): 5-17;

Aim/purpose – This study investigated the effect of corporate entrepreneurship (measured by innovation, risk taking, proactiveness, strategic renewal and corporate venturing) on the international performance (measured by managers’ perceived measures of international business performance) of Nigerian international banks.
Design/methodology/approach – Survey research design was used for the study, through the administration of structured questionnaire to management staff in strategy, foreign operations and finance departments. The study employed a census survey, in which the entire 427 management staff of strategy, foreign operation and finance departments of the ten CBN (Central Bank of Nigeria) licensed international banks constituted the population and the sample (census survey). The models were estimated using ordinary least square, using STATA 14 software.
Finding – The study revealed that corporate entrepreneurship elements (innovation, proactiveness, risk taking, strategic renewal and corporate venturing) all have individual and combined positive and significant effect on banks international performance at 95% confidence level. However, innovation has the most effect on Nigerian banks international performance.
Research implications/limitations – The study employed managers’ perceived measures of international business performance to measure Nigerian banks international performance, which is subjective. A measure like revenue from the foreign subsidiary would have been considered but for the paucity of data. This of course can form the basis for further studies and expanded to cover the entire West Africa region.
Originality/value/contribution – Studies examining the effect of corporate entrepreneurship on banks’ international performance in Africa are rare. Most Nigerian banks set-up foreign subsidiary in other Africa countries and there has been a debate on the contributions of the foreign subsidiaries to the banks’ bottom line and as well as a form of market expansion. The study expands the frontier of knowledge on Nigerian banks international performance by unbundling corporate entrepreneurship to see how each element will affect performance.

Keywords: corporate entrepreneurship, international performance, banks, market expansion.
JEL Classification: F23, F44, G21, M16.


Does the change in the company’s name affect the share price? The case study of the Polish capital market

Roman Asyngier
2018; 32(2): 18-29;

Aim/purpose – The paper was aimed to find out if abnormal returns occur before and after changes in the names of companies listed on the Warsaw Stock Exchange.
Design/methodology/approach – Due to the fact that this was an early stage of the research, an appropriate methodology was used in the research which took into account indexes of relative force of quotations of some selected companies in relation to the wide Warsaw Stock Exchange WIG index.
Findings – The research findings proved the existence of positive abnormal returns before the name changes and negative trends after the name changes in companies in the long term. Comparing the average volume of share trading before and after the name changes in companies, no positive effect was noticed in this scope.
Research implications/limitations – The clear and unambiguous results appear to be significant for investors while taking investment decisions. Therefore, the conclusions from the findings of the pilot research need to be confirmed and verified in further studies on the problem, with the use of a more advanced methods.
Originality/value/contribution – The paper represents one of the few empirical studies on the impact of the name changes of listed companies on the share prices in relation to the emerging markets, and the first ones concerning the Polish share market. The findings of the study may give grounds to discuss and identify practical causes of market behaviors as a result of changes in companies’ names.

Keywords: name changes, abnormal returns, Warsaw Stock Exchange.
JEL Classification: G11, G12, G14.


The profile of a Polish mutual fund manager

Dariusz Filip
2018; 32(2): 30-47;

Aim/purpose – The purpose of this paper is to identify the characteristics that are typical of mutual fund managers.
Design/methodology/approach – The study concentrates on a set of socio-demographic data, such as: age, gender, education, experience, and professional qualifications of 336 portfolio managers. The applied research strategy relies on an analysis concerning a set of statistical metrics describing the population under examination.
Findings – The average Polish fund manager is a 37-year-old man, a holder of a stock-broker or investment adviser license. He obtained the authorization from the Polish Financial Supervision Authority (KNF) a few years after graduating from the Warsaw School of Economics (SGH). He has 11 years’ experience in financial markets and 7 years’ experience in the mutual fund industry.
Research implications/limitations – The identification of managerial characteristics for the purpose of creating a profile of a Polish mutual fund manager will provide an important basis for further surveys and analyses aimed to evaluate the effectiveness of mutual funds.
Originality/value/contribution – There are no investigations within the discussed area in Polish studies. Therefore, the identification of the characteristics that are typical of mutual fund managers will make a contribution to the finance literature.

Keywords: mutual funds, portfolio managers, managerial characteristics, human capital.
JEL Classification: G23, J24, M12.


The global risk landscape – its shape, tendencies, and consequences for management

Piotr Jedynak, Sylwia Bąk
2018; 32(2): 48-59;

Aim/purpose – The main objectives of this article are to identify the major risks with a global dimension and to attempt to specify the potential consequences of their occurrence for organizational management.
Design/methodology/approach – The article is based on an analysis of the literature on the subject and an analysis of the content of The Global Risk Reports published in the years 2013-2017, prepared within the scope of the World Economic Forum, and presenting the results of work performed by international experts.
Findings – The major results of the research are the following: 1) becoming aware of how global risks are understood, 2) identifying the most significant present risks of a global character, as well as tendencies in changes in their importance, and 3) determining general possibilities of the identified risks’ exerting influence on organizational management processes.
Research implications/limitations – The research results are based on a selected group of reports illustrating the result of the work of experts performed within the scope of the World Economic Forum. Thus, there is a possibility of an alternative approach to global risks, e.g., in reports drawn up for the purposes of the insurance sector. However, the authors decided that the aforementioned reports were the most reliable and representative from the perspective of this article’s objectives.
Originality/value/contribution – The article shows global risks as a determinant of management processes and includes reflection about their significance.

Keywords: risk, global risk, management, risk management.
JEL Classification: F01, F6, O1.


Creativity in numbers and words: The analysis of divergence in creative project perception

Alina Kozarkiewicz
2018; 32(2): 60-74;

Aim/purpose – The main purpose of this paper is to identify the necessity of distinguishing a particular taxonomic group termed creative projects. Is it a peculiar, distinctive type of projects, or nowadays every project can be denominated ‘creative’? The research aims at comparing the ways of understanding and defining this term in prior literature and in the opinions of practitioners involved in everyday project management and realization.
Design/methodology/approach – The paper is divided into main parts corresponding to research objectives: first, the results of literature research is demonstrated briefly, and next the results of empirical research are delineated. The empirical research was conducted with mixed methods. The quantitative part conducted as CAWI was supported by Poll Everywhere platform, the qualitative investigations were supported by MAXQDA software.
Findings – According to research results, there exists the inconsistency among the views of researchers, as well as practitioners. As the literature review reveals, there are various stances towards this issue: from silent assumption that the concept does not require to be defined till some analyses of the relations between routine and creative actions. Similar variety was disclosed when analyzing practitioners’ judgments.
Research implications/limitations – The divergence in opinions as to the necessity of distinguishing a particular taxon of creative projects as well as the broad variety of opinions as to their specific characteristics have given rise to the call for more precise framing scientific research on creative projects. The research has numerous limitations result-ing from its scope, sampling method or sample size, however, it demonstrates the absence of coherent views and variety of arguments used.
Originality/value/contribution – Apart from urging the more rigorous frames of research on creative projects, the paper indicates new avenues of investigations oriented towards determining the ways of assessing the level of project creativity. Moreover, the paper opens the further discussion on the education and training of more creative project managers, as well as on the designing creativity-supporting project environment.

Keywords: project management, creativity, creative project.
JEL Classification: M10, M50.


Innovative behavior and psychological capital: Does positivity make any difference?

Yomna M. Sameer
2018; 32(2): 75-101;

Aim/purpose – Despite increasing importance of fostering innovation among employees, and the growing interest in Positive Organizational Behaviour (POB) constructs, little empirical research has been conducted on the topic of innovation with POB. Moreover, though research proved significant relationship between positive psychological capital (PsyCap) and creative performance, no studies examined PsyCap with innovative behavior. Thus, the purpose of this paper is to examine the link between positive psychological capital and innovative behavior as well as the link between innovative behavior and job satisfaction as well as engagement.
Design/methodology/approach – Using regression analyses, data were obtained from Egyptian professionals (N = 250). The survey included measures of psychological capi-tal and innovative behavior as well as job satisfaction and engagement.
Findings – Regression analyses reveal that PsyCap, with its four components of hope, optimism, resilience and efficacy, predict innovative behavior, which in turn affects satisfaction and engagement.
Research implications/limitations – Limitations, contributions and recommendations for future research are noted. Results contribute to a better understanding of how psychological capital enhances Innovative behavior in the workplace, which in turns, enhances job satisfaction and engagement.
Originality/value/contribution – The study is the first to examine the relationship between psychological capital and innovative behavior.

Keywords: psychological capital, innovative behavior, creativity, engagement.
JEL Classification: M1, M10, M12, M20.


Strategizing routine revisited: Theoretical roots, determinants, and consequences

Ewa Stańczyk-Hugiet
2018; 32(2): 102-117;

Aim/purpose – The aim of the paper is to review the routine aspect in strategizing process exposing strategizing routines. Consequently, the main aim is to enhance under-standing of the commonness, meanings and dissemination of the concept and idea of the routine in strategizing process.
Design/methodology/approach – Narrative, thematic literature review method is adopted, representing a qualitative methodology as appropriate because it is useful in pulling routine research and strategizing research together into general format. It helps in presenting two perspectives embraced in this paper by discussing theory and context to provoke thought and even a controversy.
Findings – The conclusions drawn from the presented review explicate the importance of routine in strategy process as well as routine as practice and its associations with workers in strategy.
Research implications/limitations – The research shed light on specific aspects of strategizing routines. The main value added of our paper is that it draws from the extant literature to provide with a comprehensively updated picture of how strategy-as-practice and routine theory can serve, as a useful research approach, to the studies about strategic choice. The presumable limitation is due to methodology adopted.
Originality/value/contribution – The paper exploits two important management approaches in order to explicate organizational behavior, especially strategy process and strategizing, by investigating organizational routines. Thus, routine appears an adequate natural fundament since routines grasp systematic and endogenous character of the organization. Therefore, the concept of organizational routines is one to consider in the strategy research, to indicate the role that routines have in the process of strategizing in specific.

Keywords: routine, strategizing, strategizing routine, practices.
JEL Classification: L21.


Measuring the effect of environmental hygiene on child health outcomes in Cameroon

Mbu Daniel Tambi, Johannes Tabi Atemnkeng
2018; 32(2): 118-137;

Aim/purpose – This study attempts to examine the correlates of environmental hygiene and the influence of environmental hygiene on child health outcomes in Cameroon while controlling for other variables.
Design/methodology/approach – The study made the use of Heckman/Control function Model through the 2011 Demographic and Health Survey with a sample size of 11.732 households.
Findings – Result shows that environmental hygienic strongly corroborates with child health outcomes, meaning that improve latrines is associated with increase in child health in Cameroon. Result of determinants shows that education, father’s age, father present in the house and urban residence are strongly correlating with environmental hygiene.
Research implications/limitations – Highlights the need for decision-makers to be more intentional with allocating economic resources towards sanitation projects.
Originality/value/contribution – Empirically, this study attempted to quantify the link between environmental hygiene and child health outcomes using the Cameroon DHS while solving for endogeneity, heterogeneity, simultaneity, and selectivity bias.

Keywords: measuring, environmental hygiene, child health, outcomes, Cameroon.
JEL Classification: T11, D12, M13.


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