Purpose: This study aims to examines how renaming music festivals with brand names affect festivalgoers' purchase intention in a Southwestern European country. Design/methodology/approach: This study uses 291 festivalgoers' responses attending five music festivals in a Southwestern European country with structural equation modeling. Findings: The study shows that the brand experience at the music festival directly influences brand attitude, which in turn positively influences purchase intention. The results also show the direct impact of event-sponsor fit on brand image transfer (BIT), positively affecting purchase intention. Research limitations/implications: The study examined only five music festivals in a Southwestern European country. Further studies can investigate multiple music festivals in different geographic regions. Four of the five sponsoring brands of the music festivals are telecommunication operators. Also, this study did not explore the differences in the effect of destination image, artist image and festivalgoers' attachment to music festivals. Practical implications: The brand sponsorship of music festivals should ensure the event-sponsor fit to impact BIT and purchase intention positively. A synergy between events and sponsors must be created to involve consumers with the brands. Originality/value: This study uses congruity theory in a music festival setting. The investigation is unique as it is conducted at five music festivals in a Southwestern European country. © 2023, Emerald Publishing Limited.

Purpose: The purpose of this study is to examine the club convergence of Financial integration (FI) in the case of 60 countries from 1970 to 2015. FI plays a vital role in economic growth through sharing the risk between countries, cross-border capital association, investment and financial information. It also leads to the efficient allocation of capital and capital accumulation, thereby improving the systematic growth and productivity of the economy. Literature on examining the convergence hypothesis of FI is scarce. Design/methodology/approach: This study applies the clustering algorithm to identify club convergence, advanced by the Phillips and Sul test, which enables the identification of multiple steady states or club convergence, unlike beta and sigma convergences. Findings: The findings indicate the non-convergence when all 60 countries were taken together. This highlights that the selected countries' have unique transition paths in terms of FI. Hence, the authors implement the clustering algorithm, and the estimation shows that 56 countries are categorised into three different clubs. However, for the rest of four countries, the results are sort of ambiguous, favouring neither convergence nor divergence. Practical implications: On the basis of three country clubs, Club 1 presents the model countries such as the Netherlands, Singapore and Switzerland. The Club 2 and Club 3 countries can start making moves towards the model countries by making policy adaptations for trade, finance and business facilitation. Originality/value: The existing literature provides a plethora of studies investigating the convergence of stock markets, exchange rates and equity markets, but studies on the convergence of FI, particularly across the countries, are scarce. This study contributes by bridging this gap. The study is unique in its type as it takes into account the multiple steady states or club convergence. This study also contributes in policymaking by suggesting Club 1 countries (the Netherlands, Singapore and Switzerland) as the model ones for the FI. © 2023, Emerald Publishing Limited.

In the present competitive business environment, the adoption and implementation of Industry 4.0 technologies have a significant issue for micro-, small-, and medium-sized enterprises (MSMEs) due to lack of leadership, visibility, skills, resource, and unawareness of government aid/schemes. Therefore, the negligence of liabilities, sustainability, and financing issues force the MSMEs to steadily ceding ground to larger firms. Whereas, recent studies reveal that sustainable supply chain financing strategies can overcome these issues by incorporating the resource optimization approach. This chapter optimizes the available financial resources (government aid, internal, and external resources) with a data envelopment analysis method and incorporates ratio data with zero inputs. To find the relevant literature, first, we performed a systematic literature analysis that confirmed a lack of literature on sustainable supply chain financing strategies to implement Industry 4.0 technologies in MSMEs, and we found DEA is a suitable method to address ratio data with zero inputs. Our finding suggests flexible strategies for efficient financial decision-making units (DMUs) for MSMEs to implement Industry 4.0. Besides, the Pareto chart represents that a higher rank of DMUs will always have a higher coefficient of performance. The analysis shows that lending from higher profit-sharing stakeholders with higher interest rates should be avoided in Industry 4.0 implementation. The proposed model provides a better evaluation of the carrying value of loan amount, which can enhance the visibility and flexibility of MSMEs to maintain the recurring payment. The computation work is performed on the R-version 4.1.0 platform with modified additive DEA, benchmarking, multiplier DEA packages, and Microsoft Excel tool. © 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG.

Sellers can offer various payment schemes for buyers to boost demand, with the advance, cash, and credit payment policies being popular approaches. To provide further insight into the dynamics of these policies, we consider them in addition to a Disaster Grace Period payment option, which has become increasingly prevalent. The seller's motivation for offering Advance, Cash, Credit or Disaster Grace Period (ACCD) payment options include the desire for a stronger relationship to the buyer, a smoother cash flow throughout the supply chain, and a potential increase in demand. In addition, the disaster grace period payment scheme can help in better navigating worldwide emergencies, such as pandemics, but also natural emergencies like severe storms, floods, tornadoes, and landslides, which have been happening with an increasing frequency over the last decades. However, the increase in the payment period increases the default/disaster risk, rendering a trade-off between risk and demand, making these crucial parameters in influencing the seller's profit. Within this context, we aim to find the optimum replenishment cycle and payments period for a seller to increase their total profit. To do so, we perform numerical analysis to examine the impact of the demand coefficient, interest rate, default risk, disaster risk, and the disaster demand coefficient on profit. The results offer managerial insights on which payment option to choose in a particular setting to maximize profit. We for example find that sellers should offer a disaster grace period when the disaster demand increases and the risk of a disaster decreases. © 2023 Elsevier Ltd

This study empirically investigates the effects of poverty and urbanization on environmental degradation for a sample of 43 sub-Saharan African (SSA) economies from 1995 to 2018. The major contribution of the study lies in examining the existence of non-linear effects of poverty and urbanization on environmental degradation. We considered a set of institutional and demographic factors to explain the dynamics among poverty, urbanization, and environmental degradation. Findings suggest that an increase in the poverty gap significantly contributes towards intensifying environmental degradation in SSA countries. Results also show the existence of a non-linear relationship between poverty and environmental degradation. The findings purpose several crucial policy recommendations which necessitate the participation of different stakeholders such as government, institutions, researchers, non-profit organizations and citizens for the effective implementations of environment-friendly policies. A battery of robustness tests confirms the validity of the main findings of the study. © 2023, The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.

Purpose: The primary purpose of this study is to investigate the effects of bank competition on SMEs' access to finance in selected Indian states. Using 9,281 firm-level observations from World Bank Enterprises Survey (WBES), this study tests the market power hypothesis versus the information hypothesis to determine whether bank competition promotes access to finance for financially constrained firms. Design/methodology/approach: The authors measure state-level bank competition using two structural indicators: the Herfindahl Hirschman Index (HHI) and three bank concentration ratios (CR3). The authors apply simple probit regression, probit model with sample selection (PSS) and two-stage least squares (2SLS) to examine the effects of bank competition on firms' financing constraints. Findings: The results obtained through PSS and 2SLS indicate that bank competition alleviates firm's financing constraints and positively impacts its need for a bank loan and the decision to apply for bank credit. However, the prevalence of bank competition in promoting access to finance is more pronounced for small and medium-sized firms than for large firms. Higher bank competition also alleviates the credit constraints faced by female entrepreneurs. Practical implications: Reserve Bank of India (RBI) and other government stakeholders should ensure bank competition without hampering the agenda of bank consolidation to facilitate access to credit for SMEs. Regulators should also identify and monitor the financial institutions that make an insignificant contribution to promoting competitiveness in the financial system. Originality/value: Previous studies primarily investigate the effect of bank competition on a firm's access to finance from advanced and cross-country perspectives. This study contributes to the literature on bank competition by examining its role in promoting access to finance from an emerging economy standpoint. Measurement of bank competition indicators at the state level is an additional contribution. © 2022, Emerald Publishing Limited.

Purpose: The study examines the role of attitude, perceived relative advantage and perceived risk on intention to participate in the sharing economy–based cab services in India. Further, it investigates the impact of intention to participate in the sharing economy on transformation expectations of consumers. Finally, the study tests the moderating role of materialism in the relationship between intention to participate in the sharing economy and transformation expectations of consumers. Design/methodology/approach: This study used cross-sectional survey research design to collect data from 408 respondents through online questionnaire in India, an emerging market. The study analysed the data using structural equation modelling technique using IBM AMOS software. Findings: The findings of the study suggest that perceived relative advantage and attitude influences the intention to participate in the sharing economy. Intention to participate in the sharing economy positively influences transformation expectations. Materialism moderates the relationship between intention to participate and transformation expectations of consumers. Research limitations/implications: In a departure from previous studies, this study establishes that perceived risk may not be an important factor driving the intention to participate in the sharing economy. Further, it is among the first studies to establish the role of intention to participate in the sharing economy as a possible driver of transformation expectations. Practical implications: The importance of transformation expectations can be communicated as an outcome to encourage participation in the sharing economy. Managers can highlight the relative advantages to promote participation in the sharing economy. Originality/value: This study is probably the first attempt to understand the transformation expectations of consumers in the sharing economy. Further, the study tests the moderating role of materialism in the relationship between intention to participate and transformation expectation of consumers. © 2022, Emerald Publishing Limited.

This paper examines the convergence of public expenditure and its major components using sub-national data from India. By employing the panel club convergence test, the paper finds convergence in per capita public expenditure across Indian states implying that distribution policies of public expenditure are effective and fair across the states. Subsequently, the convergence of per capita total social sector expenditure and its major components are studied. The results support the evidence of convergence for total social sector expenditures and in the case of its components, we find that six of the nine components display regional convergence. Three components, namely, per capita education, sports, art and culture expenditure; per capita social security and welfare expenditure; and per capita rural development expenditure display the evidence of divergence and the presence of multiple transition paths. From the policy perspective, these three components of social expenditures need greater attention by the state governments as these expenditures are important for social cohesion, sustainable development, and achieving millennium development goals. © 2022 Informa UK Limited, trading as Taylor & Francis Group.

This paper aims to examine the convergence of ICT development in the case of 27 emerging market economies (EMEs) using annual data from 2000 to 2018. First, by employing Phillips-Sul (PS) panel convergence test, the results not only support the evidence of convergence in ICT development but also find convergence in the composition of ICT development known as ICT access and ICT use. Second, the study identifies factors such as per capita income, human capital, and FDI which significantly affect ICT development. Third, results based on stochastic conditional convergence reveal that EMEs countries are not only converging among themselves but also ‘catch-up’ to the OECD countries. © 2022 Elsevier Ltd

Purpose: This study aims to examine the relationship between corporate social responsibility (CSR) authenticity and its relationship with repurchase intentions. In doing so, the current research also investigates the mediating role of perceived CSR (PCSR) and perceived moral judgement. Design/methodology/approach: For the current research purpose, a sample of 262 Indian working professionals was surveyed. Findings: Data analysis revealed that CSR authenticity significantly predicted the repurchase intentions of the survey participants. The studied research contributes significantly to the extant literature on CSR authenticity by studying the underlying mechanisms that make a consumer repurchase a product or service. Originality/value: Research on CSR authenticity is still at a nascent stage. Furthermore, variables such as moral judgement and PCSR motives have not been studied in CSR authenticity literature. © 2022, Emerald Publishing Limited.

This study investigates the demographic, social and economic factors as key determinants of green toilet adoption among rural households in India. The Rural Impact Survey data of the World Bank have been used for this study, covering 2731 rural households from Bihar, Madhya Pradesh, and Uttar Pradesh. The chi-square test and regression analysis with marginal estimate have been used to analyze the data. Result of the analysis indicates that about 36.2 percent surveyed rural households have reported access to green toilets having proper effluent discharge systems as per the environmental norms. Further, there is a significant association between the adoption of green toilets and demographic, social and economic characteristics of rural households. Finally, the regression analysis indicates that a number of demographic, social and economic factors i.e., age, education, income, social category, access to information, access to drinking water, and asset ownership have a significant marginal effect on the adoption of green toilets in rural India. Considering the importance of ensuring total sanitation and commitment under the Sustainable Development Goals (SDGs) of the United Nations for eradicating open defecation for all by 2030 in the country, the results of the study provide useful policy directions for enhancing the adoption of green toilets among the rural households in India. © 2023, The Author(s), under exclusive licence to Springer Nature B.V.

Purpose: The purpose of this study is to evaluate the effect of financial education workshops (FEWs) on parent–adolescent communication about money by controlling for a parent's gender. Design/methodology/approach: This study utilized a pre- and post-survey-based experimental research design for impact evaluation. Assuming that parents often claim that they frequently communicate with their children about money, the researcher asked children to rate their perception of their mothers' financial communication with them. Their mothers completed the pre-survey before agreeing to participate in FEWs. A follow-up survey was conducted for both study groups six months after completing the FEW series. The data consisted of 300 responses on 19 pairs of money communication items from both study groups. Neither the mothers nor the children were aware that data were collected from both the groups. Findings: The results of the paired t-tests support the notion that financial education enhances monetary communication between mothers and adolescents. Research limitations/implications: This study is helpful to policymakers and financial educators not only to understand the need for “family-based financial education workshops” but also to design and implement such programs to open up the line of “money communication” between parents and children. Social implications: This important outcome provides a likely assumption that the enhancement in communication that had been previously constrained by factors such as a “parent's inability or unwillingness to discuss financial matters” is improved by empowering the parent on the subject of personal finance. Second, financial educators and policymakers need to understand that parents play a crucial role in the socialization process of their children. Parents' instructions and communications with their children not only impact the children's financial choices but also make them feel more competent about managing their finances. So, importance of financial socialization strategies should be included in the FEWs designed for the adults. Originality/value: Existing research studies evaluated the FEW outcomes by reporting a positive change in various financial behaviors of the participants by considering only one unit of the household. This study extends the impact evaluation of FEWs to measure the behavioral outcomes at the household level by considering two units of the household, the mother parent and adolescent child by studying their communication about money. © 2022, Emerald Publishing Limited.

This paper empirically investigates how intensified competition in the Indian banking affects the transmission of monetary policy through bank lending channel over the period 1997–2017. Additionally, this study examines the impact of deposit and loan market channels on bank's credit growth. Results obtained through two-step system-GMM reveal that a higher degree of market power weakens the monetary policy transmission mechanism for the entire banking industry and across ownerships. Results show that higher market power in the deposit and loan markets weakens the impact of monetary policy on bank loan supply. The findings of this study extend important policy measures that can strengthen the transmission mechanism of monetary policy by reducing the adverse effects of changes in bank competition. © 2023 Elsevier Inc.

Purpose: This paper aims to analyse the effect of mandatory corporate social responsibility expenditure (CSRE) on the performance of food and agribusiness firms in India. Design/methodology/approach: This study is based on the firm-level data collected from the Prowess database of the Centre for Monitoring Indian Economy in the year 2019. The data on key characteristics, business performance and CSRE has been compiled from 362 food and agribusiness firms. The descriptive statistics, t-test for equality of means and Spearman correlation analysis have been undertaken to understand the relationship between mandatory CSRE and firm performance across food and agribusiness sectors. Findings: Out of 362 food and agribusiness firms, 52.2% have reported expenditure in the implementation of social initiatives under their corporate social responsibility. The results show a significant difference in the firm’s characteristics vis-à-vis with and without CSRE. Further, the findings highlight a positive and significant correlation and causal impact of corporate social responsibility (CSR) on return on sales, return on assets and profit after tax. Practical implications: The study provides insights for implementing strategic CSR in food and agribusiness firms and gives an adequate justification for incurring CSRE. Originality/value: This paper increases the understanding of CSR in the food and agribusiness sector. Besides, provisioning mandatory CSR seems to be a beneficial proposition for enhancing a firm’s performance. © 2023, Emerald Publishing Limited.

Purpose: This study aims at analysing the influence of religiosity, entrepreneurial ecosystem (EES) and economic development (ED) on entrepreneurial behaviour across countries. Design/methodology/approach: Data from 54 countries on religiosity, entrepreneurial behaviour, EES and ED have been used for undertaking this research. Correlation, curve estimate and partial least squares structural equation modelling (PLS-SEM) have been utilised for analysing the relationship between the variables. Findings: Findings suggest a positive and significant correlation between religiosity, entrepreneurial intention (EI) and attitude towards entrepreneurship (ATE), and a negative and significant correlation between religiosity, EES, and ED. Similarly, the curve estimate indicates a positive and significant effect of religiosity on EI and attitude, and a negative and significant influence on EES and economic growth. Finally, the results of PLS-SEM show a significant and positive influence of religiosity on EI and ATE; no significant influence on the EES and an inverse influence on ED. Practical implications: It is evident from the analysis that religiosity has positive and significant impacts on EI and ATE, while having mixed implications for creation of a formal EES and bringing about ED. This implies that an increase in the level of religiosity in a country is more likely to enhance EI due to the creation of strong informal social networks. Originality/value: The unique findings of this study would be useful for promoting entrepreneurship, EES and ED based on insights into the level of religiosity of a country. © 2023, Emerald Publishing Limited.

This paper examines the antecedents of Indian consumers' pro-environment purchase intention of electric vehicles utilizing the Stimulus-Organism-Response theory. The conceptualized model is analyzed by collecting 1143 responses and validated using structural equation modelling. The results show that pro-environment responsibility significantly impacts the pro-environment value and pro-environment attitude; the pro-environment value has a significant impact on the pro-environment attitude; pro-environment value and pro-environment attitude have a significant impact on the pro-environment purchase intention of electric vehicles. Additionally, the results depict that a pro-environment attitude mediates the relationship between pro-environment value and pro-environment purchase intention of electric vehicles. Finally, this paper contributes to theory in the adoption literature by proposing an alternate perspective considering “value-attitude-behavior” linkages, particularly pro-environment behavior. The study contributes to practitioners' space. © 2023 Elsevier Inc.

Purpose: This study aims to analyze the direct relationship between workplace incivility and employee well-being among frontline hotel employees. Anchoring on affective events theory, this study also analyzes the explanatory role of loneliness and the role of workplace social support as a boundary condition influencing the proposed relationships in the model. Design/methodology/approach: Responses were collected from 243 frontline hotel employees using established scales in two-time points through survey method. The proposed hypotheses were analyzed using SPSS PROCESS macros. Findings: The results confirmed the detrimental effect of incivility at work on employee well-being and the mediating role of loneliness at work. This. study has also demonstrated that workplace social support conditions the mediated effect of workplace incivility on employee well-being via loneliness. Practical implications: This study has vital practical implications for mitigating the adverse effects of workplace incivility on employee well-being through loneliness at work by developing interventions that foster social support among employees. This study also provides directions to reduce workplace incivility and loneliness at work. Originality/value: This study provides a unique understanding of the consequences of workplace incivility on employee well-being. To the best of the authors’ knowledge, this could be the first study that has established loneliness as a pathway linking workplace incivility and employee well-being. This study results have unique significance in the management of hospitality employees. © 2022, Emerald Publishing Limited.

Acknowledging the global relevance of controlling corruption, our study contributes to the existing body of literature by exploring the relationship between E-Government (EGOV) and Corruption Control at the EGOV subindices level. Toward this, we draw upon theoretical insights from Resource-Based View (RBV), Media Literacy Theory, Agency Theory, Information Quality, and Transaction Cost Theory to derive a set of testable hypotheses. Using a panel dataset comprising 102 countries, we employ a Linear Mixed Effects (LME) estimation method to thoroughly investigate and uncover the relative effectiveness of EGOV subindices in controlling corruption. Accordingly, we draw implications for theory, praxis and future research. © 2022 Elsevier B.V.

The purpose of this manuscript is to understand how the elements of the game apps impact the intention of purchase of a consumer with the mediating effect of perceived enjoyment, hedonic value, and social interaction to derive benefits designed in terms of marketing strategies. Quantitative data obtained from the non-probability sampling via a standardized questionnaire in the design of exploratory analysis was done to examine the effect of gamification on behaviour intention by adopting mechanic-dynamics-aesthetics (MDA) framework. The findings of the research indicated that fun as a sub-element of mobile gamification can significantly affect social interaction, and storytelling has a significant impact on perceived enjoyment. The study identifies perceived enjoyment as an important antecedent of consumer intention to involve gamification. This provides managers and developers to focus on dynamics, mechanics, and proper feedback systems with the emergence of new technologies. © 2023 Authors. All rights reserved.

The paper examines the sustainable consumption behavior of two emerging countries, China and India. The conceptual framework incorporates egoistic value, social consumption motivation, altruistic values (stimulus factors), pro-environmental self-identity, attitude (mediators and organism factors), sustainable consumption behavior (response factor), and environmental protection emotion as a moderating factor, using stimulus-organism-response theory. We collected 658 original survey data from China (n = 337) and Indian (n = 321) customers via convenience and purposive sampling methods and analyzed the data with structural equation modeling. Intriguingly, the results show that (a) stimulus factors such as egoistic and altruistic values and social consumption motivation had a positive influence on pro-environment self-identity and attitude and sustainable consumption behavior in both countries, (b) pro-environment self-identity had a positive effect on the attitude of both countries' consumers (c) while mediation factors (pro-environment self-identity and attitude) had a significantly positive mediation relationship between stimulus and response factors, and (d) environmental protection emotion significantly moderated the relationship between stimulus, organism factors, and response factors of two countries. The study contributes to the current body of knowledge in sustainable marketing by examining the rapidly growing phenomenon of sustainable consumer behavior in two Asian countries. © 2023 ERP Environment and John Wiley & Sons Ltd.