Editorial

6 pages, 187 KiB

Open AccessEditorial

Business Ecosystem Management and Editorial on the Special Issue

by Jaehun Joo and Matthew Minsuk Shin

Sustainability 2022, 14(3), 1449; https://0-doi-org.brum.beds.ac.uk/10.3390/su14031449 - 27 Jan 2022

Viewed by 1670

Regarding business ecosystem management, it is important to approach the ecosystem beyond the macro-level and through the micro-level [...] Full article

(This article belongs to the Special Issue Sustainable Management and Business Ecosystems)

Research

Jump to: Editorial

16 pages, 285 KiB

Open AccessArticle

The Impact of Corporate Governance Mechanisms on the Commitment of Managers in an IPO Setting: Evidence from Korean Small and Venture Firms

by Youngjoo Lee

Sustainability 2022, 14(2), 730; https://0-doi-org.brum.beds.ac.uk/10.3390/su14020730 - 10 Jan 2022

Cited by 1 | Viewed by 1339

Abstract

Managers’ commitment and dedication crucially affect the sustainable growth of firms. When private companies first offer their shares to the public in an initial public offering (IPO), an IPO lockup is one way of revealing managers’ commitments. IPO lockups are agreements that promise [...] Read more.

Managers’ commitment and dedication crucially affect the sustainable growth of firms. When private companies first offer their shares to the public in an initial public offering (IPO), an IPO lockup is one way of revealing managers’ commitments. IPO lockups are agreements that promise not to sell the shares retained by pre-IPO shareholders for a specified period in the market after the IPO. This paper investigates the impact of corporate governance mechanisms on the length of the lockup period. The paper’s sample consists of IPO firms that have gone public in Korea’s KOSDAQ market, which is a listing venue for small and venture companies. The major findings of this paper are as follows: first, the length of the lockup period increases with the number of outside directors and, second, IPO firms with audit committees have longer lockup periods than those without them. These results indicate that managers of firms with greater board independence choose a longer lockup period when going public. This paper also finds that the lockup period is positively related to the presence of venture capitalists serving as directors of IPO firms, which suggests that venture capital directors may ensure that managers have longer lockups. Overall, these findings suggest that, when small and venture companies go public, managers may use the IPO lockup as a commitment device that complements corporate governance mechanisms in reducing investor concern about the moral hazard problem of managers. Full article

(This article belongs to the Special Issue Sustainable Management and Business Ecosystems)

17 pages, 1150 KiB

Open AccessArticle

An Integrated Analysis of Value-Based Adoption Model and Information Systems Success Model for PropTech Service Platform

by Jinmin Kim and Jaeyoung Kim

Sustainability 2021, 13(23), 12974; https://0-doi-org.brum.beds.ac.uk/10.3390/su132312974 - 23 Nov 2021

Cited by 11 | Viewed by 3950

Abstract

This study develops a sustainable PropTech service model. Specifically, it analyzes the consumer-oriented and service provider-oriented service elements to build a sustainable ecosystem. This study also conducts a preliminary examination to standardize an efficient service platform reflecting the consumer and service factors. Hence, [...] Read more.

This study develops a sustainable PropTech service model. Specifically, it analyzes the consumer-oriented and service provider-oriented service elements to build a sustainable ecosystem. This study also conducts a preliminary examination to standardize an efficient service platform reflecting the consumer and service factors. Hence, the study analyzes the service factors of users and derives a reference for the quality-of-service design using the value-based adoption model and the information systems success model, respectively. By integrating these models, we develop a tool to analyze empirically the important elements influencing PropTech users. To this end, we conducted a questionnaire survey among 530 PropTech users from 24 August 2021 to 14 September 2021. The results show that the consumer’s intention to use services is influenced by service practicability in terms of consumer value. The intention to continue using a service is influenced by user satisfaction. The results also highlight the importance of considering all the quality factors when building a user-friendly service platform. These findings have implications in that they show the importance of a sustainable PropTech service platform in resolving information asymmetry, promoting transparent transactions, and enhancing productivity in the real estate industry. Full article

(This article belongs to the Special Issue Sustainable Management and Business Ecosystems)

► Show Figures

Figure 1

12 pages, 2496 KiB

Open AccessArticle

Partner Selection Strategies in Global Business Ecosystems: Country Images of the Keystone Company and Partner Companies on the Brand Quality Perception

by Dongock Bang, Jiwon Lee and Matthew Minsuk Shin

Sustainability 2021, 13(22), 12903; https://0-doi-org.brum.beds.ac.uk/10.3390/su132212903 - 22 Nov 2021

Cited by 2 | Viewed by 1782

Abstract

Consumers perceive brand quality from the country of origin of the brand. Global business ecosystems represent multiple countries such as the country of the keystone company and the country of the assembly companies. Thus, the brands of global business ecosystems have multiple countries [...] Read more.

Consumers perceive brand quality from the country of origin of the brand. Global business ecosystems represent multiple countries such as the country of the keystone company and the country of the assembly companies. Thus, the brands of global business ecosystems have multiple countries of origin. This study aims to examine the impacts of the country images of the keystone company and assembly companies on consumers’ brand quality perceptions. In addition, depending on the assembly partner selection strategies of forming a global business ecosystem, the characteristics of the associated countries with the business ecosystem may change. The keystone company may select an assembly partner from a developing country or from a developed country. These two cases are compared to examine the impacts of the combined country images of the keystone and assembly companies. To do so, this study surveys Vietnamese consumers’ perceptions of the brand Hyundai Motor, the country images of South Korea as the country of the keystone company, India as the assembly partner from the developing country, and USA as the assembly partner from the developed country. The collected data were analyzed using a structural equations modeling method and results are discussed with theoretical and managerial implications. Full article

(This article belongs to the Special Issue Sustainable Management and Business Ecosystems)

► Show Figures

Figure 1

18 pages, 446 KiB

Open AccessArticle

What Determines Consumer Attitude toward Green Credit Card Services? A Moderated Mediation Approach

by Moon-Yong Kim and Minhee Son

Sustainability 2021, 13(19), 10865; https://0-doi-org.brum.beds.ac.uk/10.3390/su131910865 - 30 Sep 2021

Cited by 2 | Viewed by 2646

Abstract

The purpose of this research is to examine the factors affecting consumer attitude within the context of green credit card services. Specifically, this research examines (1) the effect of individual characteristics (i.e., green knowledge, innovativeness) on attitude toward green credit card services; and [...] Read more.

The purpose of this research is to examine the factors affecting consumer attitude within the context of green credit card services. Specifically, this research examines (1) the effect of individual characteristics (i.e., green knowledge, innovativeness) on attitude toward green credit card services; and (2) the mediating role of self-accountability and the moderating role of regulatory focus in the relationships. With a sample of 1000 green credit/debit card users, structural equation modelling and moderated mediation analyses were implemented to investigate the relationships involving green knowledge, innovativeness, self-accountability, regulatory focus, and attitude. The results indicate that (1) while the effect of green knowledge on attitude is not significant, innovativeness has a positive impact on attitude; (2) self-accountability mediates the relationship between (a) green knowledge and (b) innovativeness and attitude; and (3) regulatory focus moderates the relationship between self-accountability and attitude, such that the positive relationship is stronger for consumers with a prevention (vs. promotion) focus. Furthermore, moderated mediation was observed; that is, the mediation effects of self-accountability on the relationship between (a) green knowledge and (b) innovativeness and attitude are stronger for prevention- (vs. promotion-) focused consumers. The findings provide an important insight into how credit card companies approaching ESG issues can enhance their consumers’ attitude toward green credit card services. Full article

(This article belongs to the Special Issue Sustainable Management and Business Ecosystems)

► Show Figures

Figure 1

21 pages, 2453 KiB

Open AccessArticle

Developing Sustainable Competitive Strategies in the Beauty Service Industry: A SWOT-AHP Approach

by Yong-Jeong Kim, Joo-Hee Lee, Sang-Gun Lee and Hong-Hee Lee

Sustainability 2021, 13(19), 10852; https://0-doi-org.brum.beds.ac.uk/10.3390/su131910852 - 29 Sep 2021

Cited by 7 | Viewed by 9285

Abstract

The purpose of this study is to provide concrete growth strategies and practical development methods in the beauty service industry. This study consists of a SWOT (Strength, Weakness, Opportunity, Threat) analysis from the literature review and in-depth interviews with experts of the beauty [...] Read more.

The purpose of this study is to provide concrete growth strategies and practical development methods in the beauty service industry. This study consists of a SWOT (Strength, Weakness, Opportunity, Threat) analysis from the literature review and in-depth interviews with experts of the beauty service industry in South Korea. The Analytic Hierarchy Process (AHP) is applied to the finalized SWOT matrix to incorporate experts’ ideas. The combined high priority factors present four types of strategic alternatives: Strength–Opportunity (SO), Strength–Threat (ST), Weakness–Opportunity (WO), and Weakness–Threat (WT). This study applies an environmental analysis framework from the management strategy field to construct a sophisticated SWOT matrix. Furthermore, this study quantifies the importance of SWOT components through AHP to determine priorities to lay the groundwork for timely and sustainable strategy development in the beauty service industry. Based on the SWOT-AHP analysis, this study suggests that beauty service companies should pay attention to the lack of profitability and employee stress with high turnover rates caused by poor working conditions and emotional labor. In addition, the Korean government should gradually shift away from the lack of an effective legal system to grow the beauty industry. Full article

(This article belongs to the Special Issue Sustainable Management and Business Ecosystems)

► Show Figures

Figure 1

13 pages, 438 KiB

Open AccessArticle

Assessment of University Students on Online Remote Learning during COVID-19 Pandemic in Korea: An Empirical Study

by Ji-Hee Jung and Jae-Ik Shin

Sustainability 2021, 13(19), 10821; https://0-doi-org.brum.beds.ac.uk/10.3390/su131910821 - 29 Sep 2021

Cited by 6 | Viewed by 3511

Abstract

The COVID-19 pandemic is affecting business, society, and education worldwide. In particular, it is an example of a non-face-to-face approach in commerce and education. As the pandemic has lasted for nearly two years in Korea, online remote learning has been held at universities [...] Read more.

The COVID-19 pandemic is affecting business, society, and education worldwide. In particular, it is an example of a non-face-to-face approach in commerce and education. As the pandemic has lasted for nearly two years in Korea, online remote learning has been held at universities for four semesters. There are learning management systems (LMSs) and real-time Zoom lectures for the types of online remote learning widely used at Korean universities, and students and professors are adapting with some difficulties due to the unfamiliar lecture environment. Assessment of students’ online remote learning is essential in reinforcing strengths and compensating for weaknesses. This study aimed to investigate the relationship between online remote learning quality (system quality, information quality, and service quality), flow, and learner satisfaction, and the implications are presented. A survey was conducted on 182 university students, and the structural equation model of AMOS 21.0 was used to analyze the research hypothesis. The results of the empirical analysis were as follows. First, system quality, information quality, and service quality had a positive effect on flow. Second, system quality, information quality, and service quality had a positive effect on learner satisfaction. Third, flow had a positive effect on learner satisfaction. It seems that online remote learning in university is becoming a new normal. In conclusion, the implications and limitations of this study are presented. Full article

(This article belongs to the Special Issue Sustainable Management and Business Ecosystems)

► Show Figures

Figure 1

17 pages, 2524 KiB

Open AccessArticle

Study on Business Ecosystem Research Trend Using Network Text Analysis

by Matthew Minsuk Shin, Seunghye Jung and Jin Sung Rha

Sustainability 2021, 13(19), 10727; https://0-doi-org.brum.beds.ac.uk/10.3390/su131910727 - 27 Sep 2021

Cited by 9 | Viewed by 2250

Abstract

The management environment is moving into a new phase with the changing global circumstances. The business ecosystem as a management strategy has been studied for the last 30 years since the concept was introduced. The purpose of this study was to analyze the [...] Read more.

The management environment is moving into a new phase with the changing global circumstances. The business ecosystem as a management strategy has been studied for the last 30 years since the concept was introduced. The purpose of this study was to analyze the research trend in business ecosystem by using network next analysis and to understand the concept, being one that is still being actively studied. Network text analysis is a commonly used method to analyze research trends by forming networks based on bibliographic data of the articles, namely, keywords. For the analysis, we collected the data and keywords from 340 research papers published in global academic journals related to business ecosystem on the basis of the Scopus database. Through keywords extraction and cleansing, we found that the keywords of “innovation”, “sustainability”, and “platform” were mentioned most frequently, and the research topics were correlated to each other. Moreover, we conducted degree centrality and betweenness centrality analysis along with clustering analysis by transforming the two-mode network into a one-mode network. Degree centrality involves analyzing the degree to which one keyword links to other keywords, and betweenness centrality shows the mediating effects of a keyword to other keywords. In the centrality analysis results, “innovation”, “sustainability”, “platform”, and “business model” showed the highest degree centrality, and “sustainability”, “innovation”, “China”, and “platform” had the highest betweenness centrality. Then, we classified the clusters of subtopics into five groups. The current study examined accumulated research and suggested a comprehensive understanding of the research trend in business ecosystem by incorporating a method enabling research trend analysis to secure objectivity. This research is expected to help researchers to review the research trend in business ecosystem and identify expandable topics for further studies. Full article

(This article belongs to the Special Issue Sustainable Management and Business Ecosystems)

► Show Figures

Figure 1

14 pages, 258 KiB

Open AccessArticle

Time-Based Corporate-Social-Responsibility Evaluation Model Taking Chinese Listed Forestry Companies as an Example

by Xinfei Li, Baodong Cheng and Heng Xu

Sustainability 2021, 13(14), 7971; https://0-doi-org.brum.beds.ac.uk/10.3390/su13147971 - 16 Jul 2021

Cited by 4 | Viewed by 1539

Abstract

With the rapid development of the economy, corporate social responsibility (CSR) is receiving increasing attention from companies themselves, but also increasing attention from society as a whole. How to reasonably evaluate the performance of CSR is a current research hotspot. Existing corporate-social-responsibility evaluation [...] Read more.

With the rapid development of the economy, corporate social responsibility (CSR) is receiving increasing attention from companies themselves, but also increasing attention from society as a whole. How to reasonably evaluate the performance of CSR is a current research hotspot. Existing corporate-social-responsibility evaluation methods mostly focus on the static evaluation of enterprises in the industry, and do not take the time factor into account, which cannot reflect the performance of long-term CSR. On this basis, this article proposes a time-based entropy method that can evaluate long-term changes in CSR. Studies have shown that the completion of CSR in a static state does not necessarily reflect the dynamic and increasing trend of CSR in the long term. Therefore, the assessment of CSR should consider both the static and dynamic aspects of a company. In addition, the research provides the focus of different types of forestry enterprises in fulfilling CSR in the long term, and provides a clearer information path for the standard identification and normative constraints of different types of forestry enterprises CSR. Full article

(This article belongs to the Special Issue Sustainable Management and Business Ecosystems)

11 pages, 237 KiB

Open AccessArticle

Sustainable Profit versus Unsustainable Growth: Are Venture Capital Investments and Governmental Support Medicines or Poisons?

by Moon Young Kang

Sustainability 2020, 12(18), 7773; https://0-doi-org.brum.beds.ac.uk/10.3390/su12187773 - 20 Sep 2020

Cited by 10 | Viewed by 3186

Abstract

Considering that startups greatly contribute to the economic development and survival of a country through economic growth and job creation, it is necessary to investigate the profitability of startups. However, research on this issue has not been developed enough as most previous studies [...] Read more.

Considering that startups greatly contribute to the economic development and survival of a country through economic growth and job creation, it is necessary to investigate the profitability of startups. However, research on this issue has not been developed enough as most previous studies regarding firm profitability were based on large-scale public companies with relatively easy data accessibility, not on startups. In addition, it is meaningful to empirically prove whether venture capital investments and governmental support positively impact on the sustainability of startups as huge discrepancies exist between traditional academic research and recent practices. Findings from this study, based on data analytics, are expected to fill the gap in knowledge as it is not clearly known about firm profitability of startups for their sustainable growth and survival. Focusing on startup profitability, the main objective of this research is to provide significant theoretical contributions and practical guidelines for startup entrepreneurs, investors, and policymakers to avoid unsubstantial growth and find solutions for sustainable growth and survival. To properly and completely analyze the determinants of firm profitability of startups, this research used the 2018 and 2019 Survey of Korean Startups by the Ministry of SMEs and Startups of Korea and Korea Venture Business Association with over 3000 samples. Full article

(This article belongs to the Special Issue Sustainable Management and Business Ecosystems)

Journal Menu

Journal Browser

Sustainable Management and Business Ecosystems

Share This Special Issue

Special Issue Editors

Special Issue Information

Keywords

Published Papers (10 papers)

Editorial

Research

Further Information

Guidelines

MDPI Initiatives

Follow MDPI