Mediation Effect of Entrepreneurial Alertness Between Prior Knowledge and Experience on Entrepreneurial Intention Among Accountancy Students

Business Perspectives and Research, Ahead of Print.
The ability to recognize valuable business prospects is the primary meta-skill for entrepreneurship and can be deliberated through entrepreneurial alertness. In the opportunity identification perspective of entrepreneurship, inadequate attention is provided for the development of entrepreneurial alertness and its effectiveness among students pursuing professional or postgraduate courses in a specific discipline. Therefore, the present study determines the intervening role of entrepreneurial alertness in the causal association of students’ prior knowledge and experience on their entrepreneurial intention. The data of 408 final level students studying Chartered accountancy course from the Institute of Chartered Accountants of India (ICAI) were gathered through cluster sampling. The statistical method of structural equation modeling (SEM) is used to examine the postulated associations. The results indicate that the students’ knowledge and experience appropriately stimulate the alertness for potential business prospects, which further motivates the intention for entrepreneurial actions. The partial intervention of entrepreneurial alertness is also observed ensuring that the use of knowledge and experience in identifying profitable business opportunity increases the chances of selecting a successful entrepreneurial career. The findings of the study contribute to the promotion of early-stage entrepreneurship among students of a specific discipline.

How impact investing firms use reference frameworks to manage their impact performance: An industry‐level study

Abstract

Using meaning-oriented content analysis, we show how impact investing firms use various reference frameworks (e.g., International Finance Corporation (IFC) Performance Standards, Impact Management Project framework, UN Sustainable Development Goals) to manage their impact performance throughout the investment lifecycle. Our study provides an industry-level picture of the various roles that different reference frameworks play to help impact investors attain their impact goals. We also discuss the potential industry effects on management accounting practice, that is, how reference frameworks used in performance management in the impact investing industry differ from those used in some other industries.

Minimum Support Price and the Changing Nature of Rural Economy and Its Implications on Agriculture in Haryana

Business Perspectives and Research, Ahead of Print.
Agriculture in India is undergoing a shift. It is due to a grim situation of increasing food production and rural economy linked with agriculture. On one side, agriculture production is led by 55% of cereal crops primarily based on minimum support prices (MSPs) by the Government of India. On the other side, horticulture accounts for only 16% of agriculture without many incentives. The cultivation cost is rising day by day. Unlike employee compensation, the market does not support farmers and their products. Despite rising production, sustainable agricultural growth is unlikely because of issues including groundwater depletion, climate change, and poor income. The MSP is driving the change in farmer’s lives in the changing nature of rural economy. However, the economic conditions of farmers have not changed much as the surveyed households (HHs) revealed based on MSP and its significance on economic condition of farmers. About 60% of farmers claimed that their income remained the same, 22% said that their condition got better, while about 14.43% of HHs claimed that their economic situation got worst. The study highlights that sustainable agriculture and changing nature of the rural economy will transform farmers’ conditions if they diversify the production of crops from cereals to non-cereal crops such as protein-based pulses or less water intensive crops such as millets.

Investors’ Reactions to Alliance‐Engendered Acquisition Ambiguity: Evidence from U.S. Technology Deals

Abstract

We study how, when target firms are engaged in strategic alliances, the ambiguity surrounding an acquisition's anticipated synergies influences investors’ reactions to announcements of acquisitions. Drawing on behavioural finance research and the resource redeployment literature, we predict that investors’ limited access to the information encoded in the target firms’ alliances and the uncertainty around the re-deployability of their embedded resources generate a negative relationship between the number of target alliances and investors’ reactions. We also hypothesize that this negative effect is exacerbated when the alliances involve foreign alliance partners but is attenuated when acquirers are experienced in acquiring targets with alliances. Analysis of a large sample of US technology acquisitions supports all our hypotheses. We contribute to management research by offering a viable explanation of investors’ reactions to the announcement of major corporate events, such as acquisitions, whose structural characteristics deny investors material information about these events’ potential to create value.