What matters for the future? Comparing Globe's future orientation with Hofstede's long-term orientation

Name: What matters for the future? Comparing Globe's future orientation with Hofstede's long-term orientation
Author: Alipour, Ali

İsim	What matters for the future? Comparing Globe's future orientation with Hofstede's long-term orientation
Yazar	Alipour, Ali
Basım Tarihi:	2021-09-06
Basım Yeri	- Emerald
Konu	Hofstede, Globe, Future orientation, Long-term orientation, Long-term investments, Cash holdings, Acquisitions
Tür	Süreli Yayın
Dil	İngilizce
Dijital	Evet
Yazma	Hayır
Kütüphane:	Özyeğin Üniversitesi
Demirbaş Numarası	2059-5794
Kayıt Numarası	ffcd2054-0c66-4c73-a532-3490ca652e94
Lokasyon	Business Administration
Tarih	2021-09-06
Örnek Metin	Purpose This paper aims to compare the future orientation (FO) society practices dimension of the Globe model with Hofstede's long-term orientation (LTO) by testing their causal effects on three firm-level variables: cash holdings, long-term investments and acquisitions. In doing so, this research challenges the already taken-for-granted assumption in the empirical research that the two dimensions are equivalent. Design/methodology/approach Hierarchical linear modeling (HLM) was used to test the hypotheses on 7,065 firms across 49 countries between 2000 and 2017. Findings The findings show that the causal impacts of FO society practices and LTO on a given construct are not consistent. Although LTO increases cash holdings, the impact of FO society practices on this variable is insignificant. Additionally, unlike FO society practices, which significantly increases long-term investments and acquisitions, LTO does not influence long-term investments and decreases acquisitions. Originality/value This study is valuable since it addresses the confusion surrounding the similarities and differences between FO society practices and LTO. Despite the dissimilarity also emphasized by Globe, Hofstede claims that they are equivalent, and the great majority of the empirical literature has assumed them to be equivalent in their analyses. Addressing this confusion, this research provides further empirical evidence that these two dimensions are dissimilar. The additional important contribution of the study is theorizing and examining the impact of FO society practices and LTO on the firm-level outcomes that reflect their temporal orientation (i.e. long-term investments and acquisitions), which is surprisingly neglected in the literature.
DOI	10.1108/CCSM-08-2020-0163
Cilt	28

Kaynağa git Özyeğin Üniversitesi

Aramaya Dön

Özyeğin Üniversitesi

Kaynağa git

What matters for the future? Comparing Globe's future orientation with Hofstede's long-term orientation

Yazar Alipour, Ali

Basım Tarihi 2021-09-06

Basım Yeri - Emerald

Konu Hofstede, Globe, Future orientation, Long-term orientation, Long-term investments, Cash holdings, Acquisitions

Tür Süreli Yayın

Dil İngilizce

Dijital Evet

Yazma Hayır

Kütüphane Özyeğin Üniversitesi

Demirbaş Numarası 2059-5794

Kayıt Numarası ffcd2054-0c66-4c73-a532-3490ca652e94

Lokasyon Business Administration

Tarih 2021-09-06

Örnek Metin Purpose This paper aims to compare the future orientation (FO) society practices dimension of the Globe model with Hofstede's long-term orientation (LTO) by testing their causal effects on three firm-level variables: cash holdings, long-term investments and acquisitions. In doing so, this research challenges the already taken-for-granted assumption in the empirical research that the two dimensions are equivalent. Design/methodology/approach Hierarchical linear modeling (HLM) was used to test the hypotheses on 7,065 firms across 49 countries between 2000 and 2017. Findings The findings show that the causal impacts of FO society practices and LTO on a given construct are not consistent. Although LTO increases cash holdings, the impact of FO society practices on this variable is insignificant. Additionally, unlike FO society practices, which significantly increases long-term investments and acquisitions, LTO does not influence long-term investments and decreases acquisitions. Originality/value This study is valuable since it addresses the confusion surrounding the similarities and differences between FO society practices and LTO. Despite the dissimilarity also emphasized by Globe, Hofstede claims that they are equivalent, and the great majority of the empirical literature has assumed them to be equivalent in their analyses. Addressing this confusion, this research provides further empirical evidence that these two dimensions are dissimilar. The additional important contribution of the study is theorizing and examining the impact of FO society practices and LTO on the firm-level outcomes that reflect their temporal orientation (i.e. long-term investments and acquisitions), which is surprisingly neglected in the literature.

DOI 10.1108/CCSM-08-2020-0163

Cilt 28