Business: Journal Articles

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Open Access
Organizational Antecedents of Work Passion: The Roles of Perceived Organizational Support and Organizational Time Demands
(Informa UK Limited, online-publication-date) Lajom , Jennifer Ann L.; Tolentino , Laramie R.; Sibunruang , Hataya; Garcia , Raymund James M.; Cayayan , Peter Lemuel T.
Despite emerging scholarly work about work passion and its reverence in the popular press, we know little about how organizations can cultivate passionate employees. In this study, we utilized cognitive evaluation theory and the dualistic model of passion to explain the different ways in which harmonious and obsessive work passion can be nurtured, further affecting employee outcomes. Accordingly, we expect that work contexts that provide employees with perceived organizational support (POS) would be conducive for harmonious passion, while contexts with organizational time demands (OTD) rather encourage obsessive passion. We also expect that the two types of passion will mediate the relationships between these work contexts and employee outcomes, including job satisfaction, psychological wellbeing, and helping behaviors. Utilizing a time-lag survey study consisting of 194 matched employee-coworker dyads in the Philippines, we found empirical support for the following proposed relationships: (a) POS predicts harmonious passion; (b) OTD predicts obsessive passion; (c) harmonious passion mediates the relationship between POS and outcomes, such as job satisfaction, psychological wellbeing and helping behaviors; and (d) obsessive passion mediates the relationship between OTD and psychological wellbeing. Our findings provide important theoretical implications for research on work passion as well as practical recommendations for managers.
Open Access
Novel Perspectives on Transformative Service Research
(2024) Finsterwalder, Jörg; Anderson , Laurel; Corus , Canan; Giraldo , Marlo; Kabadayi , Sertan; McColl-Kennedy , Janet R.; Mende , Martin; Mick , David G.; Ostrom , Amy; Rosenbaum , Mark S.; Russel-Bennett , Rebekah
The field of Transformative Service Research (TSR) has emerged over a decade ago with a range of seminal and call-to-action papers which have subsequently sparked and stimulated scholars’ interest in academic work at the intersection of Transformative Consumer Research and Service Research. This special research paper is a perspective piece that sketches trajectories for Transformative Service Researchers drawing on the combined knowledge and work of established researchers in the field who take a future perspective by highlighting the prospective development of the domain. Introducing the 10-Collaborators (10C) Framework, the article outlines a roadmap by relating to the different actors at the micro, meso, macro, and meta levels of the service ecosystem. These collaborators can be affected by contexts that create perceived vulnerability but are also required to collaborate to ensure the wellbeing of the system itself and its actors. The paper delineates novel TSR approaches for each of the levels and its actors as well as for the conceptual, methodological, practice and policy domains, and outlines novel initiatives. It deducts future research paths and actions points for TSR scholars and practitioners.
Open Access
Does Companies’ ESG Performance Make a Difference for New Zealand’s Stock Market Investors during the COVID-19 Pandemic?
(MDPI AG, 2022) Bialkowski, Jedrzej; Sławik A
This paper aims to investigate whether the environmental, social, and corporate governance (ESG) score of New Zealand-listed companies is associated with their stock performance during the COVID-19 pandemic. The idea of socially responsible investing is commonly accepted in New Zealand, and past academic literature has argued for the positive (though often weak) relationship between companies’ stock returns and their ESG profile. The methodology of the research is threefold. First, the average daily return for 11 New Zealand Exchange (NZX) market sectors and the S&P/NZX50 index during the COVID-19 panic and rebound periods are compared. Then, the impact of the COVID-19 outbreak on the average daily return of 11 broad NZX sectors in relation to the average ESG score for a given sector is checked. Finally, the relationship between the daily average performance of 56 NZX-listed companies and their ESG scores proxied by Refinitiv’s ESG Combined Score is determined. The analysis reveals no support for the idea that the returns of firms with higher ESG scores are greater than those with a low ESG ranking during the COVID-19 pandemic. The results show a negative, though statistically insignificant, correlation between the ESG score and annualized stock return both on the sector and individual company levels. Even though our reported findings do not confirm the believed positive correlation of the analyzed measures (based on previous studies), they clearly show that high ESG performance does not harm financial performance even in the context of crises.
Open Access
Travel vlogging as an integrated practice: Foreign travel vloggers' practices in the Philippines
(Elsevier BV, 2025) Aquino, Richard S.; Cabalquinto ECB
Using an integrated practice approach, we examine how foreign travel vloggers document their experiences in the Philippines. By analysing 20 YouTube videos created by foreign vloggers, we reveal the interrelated practices of exoticising, assimilating, sanitising, and monetising, informed by vloggers’ roles as tourists, locals, and entrepreneurs. Our findings demonstrate travel vlogging is shaped by inherent destination materials, structures, and technological terrain in which practices are organised. We highlight the market logic of these practices performed by foreign social media influencers who utilise their racial/ethnic capital in documenting their travel experiences in the Philippines. We contribute to the tourism practice literature by diving deep into the oscillating roles and practices of foreign travel vloggers in producing destination representations through vlogs.
Open Access
Consequences of accountings, distributional and otherwise
(Elsevier BV, 2023) Dixon, Keith
Applications of accounting ideas, values and practices have consequences. In exercising social, political, economic, environmental and cultural responsibility, individuals and organisations have moral responsibility for the consequences for anyone (and anything) else of whatever uses they make of accountings. This article exposits consequences of accountings as a concept, explains how discerning consequences is an interpretative process, as is classifying them and configuring them wholistically. These matters are exemplified using a Pacific atoll people. Longitudinal materials are used to analyse how, in the changing life circumstances of this people (not least that most are living in diaspora), accountings have played various parts in a variety of ways. Mostly, these accountings have been practised in conjunction with various forms of colonialism. However, one comprises the remnants of the people’s own accounting, based not on money but on genealogy, and it is helping sustain the diaspora. The analysis discerns 14 classes of consequences of these accountings. Further analysis of distributional consequences, one of the 14, illuminates the nature of consequences and exemplifies claims that knowledge and understanding about consequences as a concept has wider benefits. The article can assist researchers to articulate consequences which accountings may be having, or may have had, for other socially-constructed entities or identities (e.g., a community, settlement, society, organisation, industry, country, planet). It may also assist people on whom accountings are being applied by someone else to withstand or mitigate undesirable or objectionable consequences. However, given power asymmetries between these people and the sorts of individuals and organisations knowledgeable and wealthy enough to make extensive use of accountings, its main intent is to assist the latter in exercising moral responsibility when applying accountings, by being more appreciative of their complex consequences. Abstract in te Taetae ni Kiribati Imwiin rokoia taan Waikua iaon Nikunau n ririki ake a bwakanako tao n aia tai ara bakatibu ake a tibutarara ao e kakoauaki bwa iai aia aanga kain Nikunau ni ikonibwai n oin aia katei. Aanga ni iokinibwai akanne ake a kaungaia kain Nikunau ni iangoi aanga n numerai aia aanga ni karikirake n aia utu, n aia kaawa ao n aia abwamakoro. Iai aika a nako raoi ao iai naba aika a nako buaka bwa are bon anne aron te waaki ni karikirake ke ni ikonibwai. E mwenga raoi te I-Nikunau, e bon tiku ni mwengana, ma ngkana e tarai boong aika ana roko ibukin kabwaiaia natiia ma tibuia ao anne, ea tau te borau ni ukoukora te kabwaia. Akea bwa ea borau te nati ma tibu n Nikunau ibukin ukoran te kabwaia ke te maiu raoi nako Tarawa, Niutiran, Toromon, etc. Te kamatebwai aio e maroroakina aia kanganga ke kabwaiaia te nati n Nikunau ni iruwa i abatera ma te kantaninga ma te onimaki bwa iriaia are te mauri, te raoi ao te tabomoa.
Open Access
Comparing five-year and ten-year predicted cardiovascular disease risk in Aotearoa New Zealand: national data linkage study of 1.7 million adults
(Oxford University Press (OUP), online-publication-date) Liang , Jingyuan; Wells S, Susan; Jackson , Rod; Choi , Yeunhyang; Mehta, Suneela; Chung, Claris Yee Seung; Gao , Pei; Poppe , Katrina
Abstract Aim There is no consensus on the optimal time horizon for predicting cardiovascular disease (CVD) risk to inform treatment decisions. New Zealand and Australia recommend 5 years, whereas most countries recommend 10 years. We compared predicted risk and treatment-eligible groups using 5-year and 10-year equations. Methods Individual-level linked administrative datasets identified 1,746,665 New Zealanders without CVD, aged 30-74 years in 2006, with follow-up to 2018. Participants were randomly allocated to derivation and validation cohorts. Sex-specific 5-year and 10-year risk prediction models were developed in the derivation cohort and applied in the validation cohort. Results 28,116 (3.2%) and 62,027 (7.1%) first CVD events occurred during 5-years and 10-years follow-up respectively (cumulative risk, derivation cohort). Median predicted 10-year CVD risk (3.8%) was approximately 2.5 times 5-year risk (1.6%) and 95% of individuals in the top quintile of 5-year risk were also in the top quintile of 10-year risk, across age/gender groups (validation cohort). Using common guideline-recommended treatment thresholds (5% 5-year, 10% 10-year risk), approximately 14% and 28% of women and men respectively were identified as treatment-eligible applying 5-year equations compared to 17% and 32% of women and men applying 10-year equations. Older age was the major contributor to treatment eligibility in both sexes. Conclusions Predicted 10-year CVD risk was approximately 2.5 times 5-year risk. Both equations identified mostly the same individuals in the highest risk quintile. Conversely, commonly used treatment thresholds identified more treatment-eligible individuals using 10-year equations and both equations identified approximately twice as many treatment-eligible men as women. The treatment threshold, rather than the risk horizon, is the main determinant of treatment eligibility.
Open Access
Differences between NZ and U.S. individual investor sentiment: more noise or more information?
(Informa UK Limited, 2024) Bialkowski, Jedrzej; Wagner M, Moritz; Wei X
In this study, we introduce a newly created sentiment index of individual investors in NZ constructed similar to the well-known sentiment index provided by the American Association of Individual Investors (AAII) in the U.S. This unique setup allows us to compare different aspects of investors’ behaviour in both countries. We show that NZ market participants are less confident about the directional movement of the stock market, their expectations are more volatile and their distributions have fatter tails. By contrast, both bullish and bearish sentiment is more persistent among U.S. investors. Furthermore, our analysis of return predictability reveals that both groups of investors behave as noise traders. However, the results for NZ investors are stronger. Overall, our findings call for better financial education, particularly in the area of equity investing.
Open Access
Editorial
(2023) Sawyer, Adrian
Open Access
Intergenerational accountability in the times of just transitions
(Emerald, online-publication-date) Scobie, Matthew; Norris, Eleanor; Willson, Holly
This study explores the concept of intergenerational accountability to address the grand challenge of a just transition. Intergenerational accountability extends the notion of accountability for the other to include future generations in ways that avoid the trap of long-termism and delayed action. Design/methodology/approach: We follow a critical qualitative case study approach with an Indigenous community in a settler colony. Sources of empirical materials include semi-structured interviews and documentary reviews, analysed abductively through thematic analysis. Findings: Intergenerational accountability extends the notion of accountability for the other temporally by including future generations. Indigenous temporalities offer a way to address concerns that accountability to distant future generations could delay the urgency to act now. Findings suggest that the “eternal present”, where aspirations of ancestors and obligations to descendants coalesce into a contemporary obligation, has the potential to help confront the climate crisis. However, the ability to actively practice these understandings is constrained by commercial “best practice” and the colonial state. These constraints necessitate struggles for Indigenous self-determination that also exist in the eternal present. Originality/value: We extend the concept of accountability for the other to include future generations, but avoid the trap of long-termism delaying action through the eternal present of Indigenous temporalities. However, these temporalities are constrained, so struggles for Indigenous self-determination become closely intertwined with struggles for a just transition.
Open Access
Beyond sustainability reporting: A theoretical framework for ethical sustainability governance
(Virtus Interpress, 2024) Suhardjo I; Akroyd, Chris; Suparman M
Current sustainability efforts, often focused solely on reporting, have not had the expected impact. This conceptual paper proposes a framework based on ethical sustainability governance and incorporates a theory of change (ToC) (Organizational Research Services [ORS], 2004), that seeks to show how organizations can move beyond reporting and embrace ethical governance to achieve sustainable outcomes for people and the planet. Unlike frameworks like ESG (environmental, social, and governance), which emphasize external metrics, our framework prioritizes ethical governance and internal drivers for measurable outcomes. The framework also integrates a ToC which informs the framework’s design by outlining the desired long-term outcomes, necessary preconditions for implementation, specific interventions, and methods for measuring progress. Drawing inspiration from diverse theories such as the triple bottom line (TBL), corporate governance, purpose-led organizations, the theory of planned behavior (TPB), dynamic capabilities theory (DCT), and stakeholder theory, our framework establishes four interconnected pillars: environmental, social, cultural, and technological. It emphasizes that ethical governance needs to be the cornerstone of good sustainability-focused action (Ehrenfeld, 2005). Finally, it emphasizes actionable implementation to increase the likelihood of tangible progress toward sustainability goals. By guiding organizations in implementing ethical governance there is a higher chance that sustainability-focused action plans can enable positive outcomes.
Open Access
Professional Skepticism in Practice: An Analysis of Auditors’ Stories
(American Accounting Association, 2023) Xu , Gina; Yang , Cherrie; Fukofuka, Peni Tupou
Professional skepticism is a complex and ambiguous construct. Prior research has primarily focused on examining antecedents that affect professional skepticism. Yet, little is known about auditors’ perceptions and experiences of exercising professional skepticism in everyday audit practice. Through analyzing 78 stories collected from interviewing 35 auditors, our research finds that exercising professional skepticism constitutes a sensemaking process that involves noticing discrepant cues, creating interpretations, and arguing with clients to give sense. Within this process, professional skepticism is constructed by auditors’ microlevel actions and interactions in their collective efforts to seek and interpret meanings of discrepant cues. Prior studies highlight the cognitive and psychological nature of professional skepticism at an individual level. Our study provides an incremental understanding of how professional skepticism is enacted and collectively constructed by auditors in practice and shows that the meanings and practices of professional skepticism are fluid and emergent.
Open Access
Evaluating the barriers of blockchain adoption in the Australian logistics industry
(Informa UK Limited, online-publication-date) Chen, F.; Vandchali , H. R.; Shi , W.; Koushan, Mona; Jain , V
Blockchain technology is widely concerned with the potential to revolutionize the logistics industry by sharing tamper proof information in a decentralized manner, facilitating building trust among parties. However, the adoption rate in the Australia logistics industry has lagged behind other industries. To address this issue, this study utilizes a fuzzy DEMATEL method to investigate the barriers of blockchain technology adoption in the logistics industry. Thirteen key barriers are identified and categorized based on the technology- organization- environment (TOE) framework. By comparing the individual fuzzy DEMATEL results based on interviews with experts for the Australian logistics industry, the cost of investment and integrating difficulties among logistics network partners are identified as the most prominent barriers, while the cost of investment, incapability of human resources, and lack of management support are the key cause barriers. Also, the top-ranked barriers mainly belong to the organizational contexts under the TOE framework. The paper provides a critical theory foundation for successful implementation of blockchain in the logistics industry. Besides, it can provide practical insights for practitioners to balance their resources in addressing the barriers in BCT application.
Open Access
Demystifying the Value-Added Tax Act implications of fixed property transactions in South Africa
(2024) Hassan , Muneer E.; Bornman , Marina; Sawyer, Adrian
The South African Value-Added Tax (VAT) Act lacks a logical structure for fixed property transactions, making it difficult to teach, apply and administer. This study examines the organisational structure of the VAT Act as an element of legal complexity. The study establishes guidelines to simplify VAT implications for fixed property transactions. Semi-structured interviews were conducted following a literature review. Research shows that improving statute structure, layout and organisation improves readability. This study confirms that the fixed property provisions of the VAT Act complicate the law, increasing compliance and administrative costs. The literature review and interview findings support the development of the guidelines to simplify complex transactions in the VAT Act. The principles in the guidelines include section grouping, headings and subheadings and clear signposting, and in this article these are applied to practically illustrate the VAT implications for fixed property transactions.
Open Access
Increasing microfinance risk tolerance through revenue sharing: An experiment
(Informa UK Limited, 2021) Clark, Jeremy; Spraggon, J
Microfinance has been found to be less effective for high risk/return borrowing groups. We report a group liability microfinance lab experiment that tests a mechanism to raise repayment rates among such borrowers. The mechanism offers partial revenue sharing among groups of borrowers, agreed to before individual business outcomes are realized and loan repayment is due. Such revenue sharing makes loan repayment optimal under more outcome states, increasing the expected benefit to each borrower of repayment to qualify for future loans. We further test the effect of allowing borrowers to renege on revenue sharing agreements after learning their business outcomes, prior to loan repayment decisions. Our results illustrate the problem that exogenously higher risk/return borrowing groups achieve lower loan repayment rates than lower risk/return borrowing groups. We find evidence that optional revenue sharing significantly increases high risk borrowers’ repayment rates, but that most of this gain is lost if they can renege on revenue sharing agreements.
Open Access
Treatment drop-in in a contemporary cohort used to derive cardiovascular risk prediction equations.
(BMJ, 2024) Liang J; Jackson RT; Pylypchuk R; Choi Y; Chung, Claris Yee Seung; Crengle S; Gao P; Grey C; Harwood M; Holt A; Kerr A; Mehta S; Wells S; Poppe K
BACKGROUND: No routinely recommended cardiovascular disease (CVD) risk prediction equations have adjusted for CVD preventive medications initiated during follow-up (treatment drop-in) in their derivation cohorts. This will lead to underestimation of risk when equations are applied in clinical practice if treatment drop-in is common. We aimed to quantify the treatment drop-in in a large contemporary national cohort to determine whether equations are likely to require adjustment. METHODS: Eight de-identified individual-level national health administrative datasets in Aotearoa New Zealand were linked to establish a cohort of almost all New Zealanders without CVD and aged 30-74 years in 2006. Individuals dispensing blood-pressure-lowering and/or lipid-lowering medications between 1 July 2006 and 31 December 2006 (baseline dispensing), and in each 6-month period during 12 years' follow-up to 31 December 2018 (follow-up dispensing), were identified. Person-years of treatment drop-in were determined. RESULTS: A total of 1 399 348 (80%) out of the 1 746 695 individuals in the cohort were not dispensed CVD medications at baseline. Blood-pressure-lowering and/or lipid-lowering treatment drop-in accounted for 14% of follow-up time in the group untreated at baseline and increased significantly with increasing predicted baseline 5-year CVD risk (12%, 31%, 34% and 37% in <5%, 5-9%, 10-14% and ≥15% risk groups, respectively) and with increasing age (8% in 30-44 year-olds to 30% in 60-74 year-olds). CONCLUSIONS: CVD preventive treatment drop-in accounted for approximately one-third of follow-up time among participants typically eligible for preventive treatment (≥5% 5-year predicted risk). Equations derived from cohorts with long-term follow-up that do not adjust for treatment drop-in effect will underestimate CVD risk in higher risk individuals and lead to undertreatment. Future CVD risk prediction studies need to address this potential flaw.
Open Access
The effect of school zone on housing prices: evidence from a quasi-natural experiment in New Zealand
(Informa UK Limited, 2024) Sun P; Coupé T; Clark, Jeremy
We analyse a quasi-experiment where a much sought-after state secondary school with no close substitutes unexpectedly reduced its enrolment zone twice over a three-year period. We use difference-in-differences to estimate the impact of the two downsizings on housing sales prices. We use controls for housing characteristics for pooled cross section or housing fixed effects for repeat sales, test for parallel trends, and conduct numerous robustness checks. In our main analysis, we find the first downsizing may decrease housing prices between 3.2% and 12.9%, with most estimates statistically significant, while the second downsizing may decrease prices between 2.1% and 7.2%, with most estimates insignificant. Tests in the pre-treatment period suggest parallel trends cannot be rejected, though some cross section interactions are significant when the two downsizings are analysed separately. We conclude the school zone’s first downsizing likely had a negative effect on housing prices of a small to moderate magnitude.
Open Access
The 2020 Nobel Memorial Prize in economics: the Canterbury connection
(Informa UK Limited, 2021) Watt, Richard
The 2020 Nobel Memorial Prize in Economics (officially known as The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel), was awarded to two professors from Stanford University, Paul Milgrom and Robert Wilson, ‘for improvements to auction theory and inventions of new auction formats’. What is probably less well-known is the notable impact made by two New Zealand economists, both economics graduates from the University of Canterbury, in shaping the theory of auctions for which the prize was awarded. This paper looks at the ‘web of influence’ among the two New Zealand economists and the two new Nobel prize winners in as far as the development of auction theory is concerned.
Open Access
Debt Finance and Economic Activity in the Euro-Area: Evidence on Asymmetric and Maturity Effects
(2023) Guender, Alfred; Das, K; Donald, L
This paper presents a model of alternative sources of credit – bank vs. bond finance - to examine the credit substitution hypothesis. Our framework produces testable hypotheses about the behaviour of price- and quantity-based information variables. Examining data from ten Euro-area countries, we find that a credit spread outperforms a finance mix as a predictor of economic activity in both time series and pooled data regressions. There are clear signs of asymmetric and maturity effects in the data. Positive changes in the credit spread predict decreases in economic activity while negative changes bear no informative content. The asymmetric effect is exceptionally strong in pooled data and is present in short-term, long-term, and total credit spreads. In country-specific time-series regressions the asymmetric signalling property is strongest for the long-term credit spread. By contrast, we find no substantive evidence that changes in a quantity-based finance mix have robust predictive power.
Open Access
Workplace Ageism: Discovering Hidden Bias
(Informa UK Limited, 2013) Malinen, Sanna; Johnston L
Background/Study Context: Research largely shows no performance differences between older and younger employees, or that older workers even outperform younger employees, yet negative attitudes towards older workers can underpin discrimination. Unfortunately, traditional "explicit" techniques for assessing attitudes (i.e., self-report measures) have serious drawbacks. Therefore, using an approach that is novel to organizational contexts, the authors supplemented explicit with implicit (indirect) measures of attitudes towards older workers, and examined the malleability of both. Methods: This research consists of two studies. The authors measured self-report (explicit) attitudes towards older and younger workers with a survey, and implicit attitudes with a reaction-time-based measure of implicit associations. In addition, to test whether attitudes were malleable, the authors measured attitudes before and after a mental imagery intervention, where the authors asked participants in the experimental group to imagine respected and valued older workers from their surroundings. Results: Negative, stable implicit attitudes towards older workers emerged in two studies. Conversely, explicit attitudes showed no age bias and were more susceptible to change intervention, such that attitudes became more positive towards older workers following the experimental manipulation. Conclusion: This research demonstrates the unconscious nature of bias against older workers, and highlights the utility of implicit attitude measures in the context of the workplace. In the current era of aging workforce and skill shortages, implicit measures may be necessary to illuminate hidden workplace ageism. © 2013 Taylor and Francis Group, LLC.
Open Access
Editorial
(2024) Sawyer, Adrian; Tan Lin Mei

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