Business Forum Vol 29 Issue 2

1.  Editorial  - [Download PDF]

Haihong He
California State University, Los Angeles

2.  How Covid-19 Changed the Future of Training - [Download PDF]

Joan Adkins
Northern Kentucky University
Michael Carrell
Northern Kentucky University

Abstract:

Training employees is essential for all employers. Prior to the COVID-19 pandemic, training was provided using various methods, primarily face-to-face and online. The pandemic changed the way employers think and act when it comes to training and required most employers to make immediate and significant changes in their training methodology. This article discusses areas of changes in employer training due to the pandemic, including virtual reality training, virtual onboarding, reimbursement agreements, and virtual mentoring. The artifacts utilized in this study are scholarly articles and employer reports.

3.  Digital Transformation of Emerging Market Firms - [Download PDF]

Yuanyuan Li
California State University, Los Angeles

Abstract:

This study explores the impact of internationalization activities, including exporting, international original equipment manufacturing (OEM) and foreign direct investment(FDI), on the digital transformation of emerging market firms. A multi-case comparison method is applied to illustrate the propositions. The case studies show that knowledge-seeking FDI directly contributes to digital transformation without mediations while exporting and industry linkages with foreign MNEs lead to digital transformation through dynamic capabilities development of the emerging market firm. Our findings highlight to the managers how various forms of internationalization can affect emerging market firms’ catching up process differently in the current digital economy.

4.  Competition and Annual Report Readability - [Download PDF]

Minyoung Noh
California State University, Los Angeles
Jimi Park
Hawaii Pacific University

Abstract:

This study examines the relation between product market competition and the readability of narrative disclosures in annual reports. Using US data from 1994 to 2019, we find that product market competition is negatively related to the annual report readability. In addition, we find that the negative effect of product market competition on annual report readability is less (more) pronounced in subgroup with high (low) external financing raised. Taken together, our results suggest that product market competition reduces the readability of disclosure narrative in annual report and the needs for external financing mitigate the negative effect on annual report readability.

5.  Recognizing Underrepresented Ethnic Groups Through ICT: An Exploration of Two-Spirit Websites - [Download PDF]

Jose Ortiz
California State University, Los Angeles

Abstract:

While the information systems literature has provided insights into the economic impact of websites, little is known about the implications for the development of underrepresented ethnic groups. This paper presents an exploratory analysis of Two-Spirit websites. Many gender and sexual and minority Indigenous Peoples in North America use Two-Spirit to describe their gender and sexual identity. The analysis of the Two-Spirit websites uncovered four themes: mission, identity, remembrance, and unity, which reflect the interconnectedness of ethnicity and sexuality embodied in Two-Spirit. This paper recognizes the use of websites by Indigenous Peoples in North America to free themselves from societal marginalization.

6.  When Little Can Be Enough: Entrepreneurial Bricolage, Innovativeness, and New Venture Performance - [Download PDF]

Mahshid Jessri
California State University, Los Angeles
Mengying He
California State University, Los Angeles
Andre S. Avramchuk
California State University, Los Angeles

Abstract:

Gaining access to resources is a critical issue for new ventures that becomes even more acute due to crises such as the COVID-19 pandemic. In this study, we aimed for new ventures (established for 6 or fewer years) to gain a more nuanced understanding of when bricolage (creative use of existing resources) might benefit their performance. In a survey sample of 362 managers from new U.S. ventures, we found and suggest to entrepreneurs that (a) bricolage influences new venture performance through innovativeness, and (b) the firm’s higher age strengthens the relationship between innovativeness and new venture performance.

7.  Can Managerial Ability Influence the Firm Performance During the Covid-19 Pandemic? - [Download PDF]

Yiting Cao
California State University, Los Angeles
Haihong He
California State University, Los Angeles
Lijuan Zhao
California State University, Los Angeles

Abstract:

This paper investigates whether more able managers can help alleviate the negative effect of the Covid-19 pandemic. We find that high managerial ability has a positive impact on firms’ return on assets, profit margin, sales, and operating cash flow during the pre-covid and covid period. We also find that the positive effect of high managerial ability significantly diminishes in the covid period, suggesting that the external interruptions during the pandemic curtailed the benefits of superior managerial ability.

8.  A Value Creation Theory of the Economy – A New Tool for Businesses, the Public, and Policymakers to Understand the Economy - [Download PDF]

Paul M. Wendee
Value Driver Institute

Abstract:

This economic study, using the grounded theory research design and an extensive review of, and incorporation of, other economic and financial models and theories, explores how free-market-based, capitalistic economies operate through business enterprises to create economic prosperity. The creation of enterprise value by businesses creates value in the economy, which leads to economic prosperity. This paper is for policymakers, business owners, the general public, and others to help them better understand the functioning of the economy, particularly as it pertains to the private enterprise’s role in creating economic value and economic prosperity.