Doing Business under 'The New Normal': Challenges and Opportunities

A special issue of Administrative Sciences (ISSN 2076-3387).

Deadline for manuscript submissions: closed (1 March 2024) | Viewed by 3053

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Department of Management and Law, University of Rome “Tor Vergata”, 00133 Rome, Italy
Interests: behavioral strategy; decision making; organizational adaptation
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Department of Business Informatics and e-Business, University of New York Tirana, Tirana 1001, Albania
Interests: HRM; project management; organizational behaviour

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University of New York Tirana, Tirana 1001, Albania
Interests: institutionalization of ethics; business ethics; leaderships; organizational behaviour

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Department of Management, Faculty of Economics, Ss. Cyril and Methodius University in Skopje, Skopje 1000, North Macedonia
Interests: data-driven decision making; management analytics; performance measurement; artificial intelligence in business
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Guest Editor
Faculty of Law and Social Sciencies, University of Castilla - La Mancha, 45002 Toledo, Spain
Interests: digital transformation; knowledge management; corporate social responsibility; innovation management
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Guest Editor
Department of Business Administration, University of Castilla-La Mancha, 45002 Toledo, Spain
Interests: corporate social responsibility; business ethics; organizational behaviour; Human Resource Management
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Special Issue Information

Dear Colleagues,

New challenges are shaping today’s society, specifically individuals and organizations (Howard-Grenville et al. 2014). Climate change, poverty, hunger, and digitalization are persistent issues, while emerging crises, such as COVID-19 and the Ukraine war, have just begun (He and Harris 2020). The transition to a “new normal” has set new discussion points regarding adjustment and resilience and shaping new organizational behaviors (Clauß et al. 2022 and Chesbrough 2020).

There is an immense interest in exploring the transitional process in organizational functioning, wherein opportunities brought about by such challenges are being explored. According to the adjustment and implementation scale, the behaviors of new business models can be analyzed  (Raghavan et al. 2021). Whether they are leaders or followers in innovation, structural changes, and business models, organizations represent a good resource for research, study, and analysis. Understanding their behavioral changes can also help us better prepare for future challenges.  

Theoretical, conceptual, and empirical contributions exploring the “New Normal” for businesses are welcome. This Special Issue, which is linked to the 2nd Conference on Business Research and Management (CBR&M), aims to discuss the most important business and organizational implications of this "new normal" and the challenges that public and private organizations will face in the coming years.

All papers published in this issue have been presented in the “2nd Conference in Business Research and Management” organized by the University of New York Tirana, the University of Rome “Tor Vergata”, and the University of Castilla - La Mancha.

List of references

Chesbrough, H. 2020. To recover faster from Covid-19, open up: Managerial implications from an open innovation perspective. Ind. Mark. Manag. 88: 410–413.

Clauß, T.; Kraus, S; Jones, P. 2022. Sustainability in family business: Mechanisms, technologies and business models for achieving economic prosperity, environmental quality and social equity. Technol. Forecast. Soc. Chang. 176: 121450.

He, H.; Harris, L. 2020. The impact of Covid-19 pandemic on corporate social responsibility and marketing philosophy. J. Bus. Res. 116: 176–182.

Howard-Grenville, J.; Buckle, S.J.; Hoskins, B.J.; George, G. 2014. Climate change and management. Acad. Manag. J. 57: 615–623.

Raghavan, A.; Demircioglu, M.A.; Orazgaliyev, S. 2021. COVID-19 and the new normal of organizations and employees: An overview. Sustainability 13: 11942.

Dr. Matteo Cristofaro
Dr. Eriona Shtembari
Dr. R. Feridun Elgün
Dr. Violeta Cvetkoska
Dr. Fátima Guadamillas Gómez
Dr. Pedro Jiménez Estevez
Guest Editors

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Keywords

  • business research
  • management
  • organizations
  • future challenges
  • new normal

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Published Papers (1 paper)

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Review

16 pages, 2210 KiB  
Review
Addressing Managerial Loss Aversion for the Corporate Value Creation Process: A Critical Analysis of the Literature and Preliminary Approaches
by Riccardo Camilli, Alessandro Mechelli, Alessandra Stefanoni and Fabrizio Rossi
Adm. Sci. 2024, 14(1), 5; https://doi.org/10.3390/admsci14010005 - 21 Dec 2023
Viewed by 2231
Abstract
To date, the studies on managerial loss aversion have produced contradictory findings, making it impossible to: (i) identify the ultimate impact of managerial loss aversion on the value that organisations create for themselves and for their stakeholders, and (ii) mitigate the effect of [...] Read more.
To date, the studies on managerial loss aversion have produced contradictory findings, making it impossible to: (i) identify the ultimate impact of managerial loss aversion on the value that organisations create for themselves and for their stakeholders, and (ii) mitigate the effect of managerial loss aversion to improve corporate value creation. With the aim of filling this gap, the authors of this paper first performed a Systematic Literature Review (SLR), resulting in 65 relevant papers. The 65 papers were then analysed through a Thematic Analysis (TA), which was aimed at isolating and revising the single effects of managerial loss aversion on the corporate value creation process. Once it became clear when and how managerial loss aversion leads to negative impacts on corporate value creation (such as suboptimal investments in corporate social responsibility, short-term-oriented budget expenditures, illegal corporate conduct in favourable contexts, and low demand for audit quality), a novel theoretical framework was built. This framework proposes some preliminary approaches to mitigate these detrimental effects. In particular, future empirical research may operationalise potential debiasing strategies, derived from critical analysis of the literature, to reduce managerial loss aversion in different business settings, thereby improving corporate value creation. Full article
(This article belongs to the Special Issue Doing Business under 'The New Normal': Challenges and Opportunities)
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