Knowledge management in turbulent times: time-based scenario analysis of vaccinations against COVID-19

Mennini, Francesco Saverio; Magni, Domitilla; Daniele, Lucia Michela; Favato, Giampiero

doi:10.1108/jkm-09-2021-0710

Cited by 14 publications

(17 citation statements)

References 20 publications

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“…In line with previous literature, our findings support the relevant role of knowledge in twofold aspects, i.e. both managerial and financial perspective, especially in the Italian scenario during the COVID-19 crisis (Mennini et al, 2022).…”

Section: Discussionsupporting

confidence: 92%

Shedding light on the impact of financial literacy for corporate social responsibility during the COVID-19 crisis: managerial and financial perspectives

Stella

Cervellati

Magni

et al. 2022

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PurposeThe aim of this paper is to help management scholars and executives learn from the COVID-19 global crisis by analyzing if and how the level of financial literacy affected stakeholders' sensitivity to corporate social responsibility (CSR) issues during the pandemic, as well as identifying whether financial literacy is an important variable to account for in the postpandemic period. The authors test the relationship between objective (measurable) and subjective (self-assessed) financial literacy, as well as financial happiness (i.e. satisfaction with one's current financial situation) with CSR during the pandemic. High levels of financial literacy cause individuals to reward companies that implement CSR strategies and processes.Design/methodology/approachThe authors designed an online survey and obtained data on objective and subjective financial literacy, financial happiness and COVID-19 infections, as well as on the demographic and socioeconomic characteristics of a representative sample of 1,334 Italian respondents. From a methodological point of view, the authors perform a factor analysis on the CSR-related questions to extract the principal components (PCs) that were used as dependent variables in the regression models to analyze the effects of explanatory variables (financial literacy, financial happiness and COVID-19 infections) and consider the control variables (demographic and socioeconomic characteristics). The authors follow a theoretical approach merging stakeholder theory with CSR.FindingsRespondents with a high level of financial literacy and financial happiness are highly sensitive to all CSR components (ethical, philanthropic, economic and legal social responsibilities). Being infected by COVID-19 increased participants' sensitivity to ethical and philanthropic social responsibility (SR), but not to economic and legal SR. The more educated and employed respondents were, the more sensitive they were to CSR, especially compared to their less educated and unemployed counterparts.Research limitations/implicationsWhile the sample used is large and representative of the Italian population, Italy is an interesting and useful case to analyze, given that it was the first Western country to be severely hit by COVID-19; since the paper only refers to a specific country scenario, the results cannot be generalized to other countries. A cross-country comparison relating financial literacy and financial happiness to CSR during the COVID-19 pandemic period would be desirable. The research study has theoretical implications for management scholars since the authors show that, during the pandemic period, financial education and financial happiness are relevant in explaining stakeholders' greater sensitivity to CSR issues. The findings may thus help scholars to learn from the COVID-19 period, with the aim of further developing and enhancing stakeholders' theory.Practical implicationsThe research also has practical implications, both for corporate executives and for policymakers, helping them to learn from the COVID-19 global crisis concerning the role of financial literacy and financial happiness on CSR sensitivity and, consequently, how they may consider these important variables in the postpandemic era. On the one hand, executives may improve stakeholders' segmentation and eventually modify CSR policies, considering the higher sensitivity of their stakeholders' due to a higher degree of financial literacy. On the other hand, the findings suggest that policymakers should have a stronger role in supporting employment and education in general and in promoting programs to improve financial literacy to increase stakeholders' sensitivity to CSR, thus further stimulating the inclusion of CSR factors in companies' strategies. Increasing stakeholders' sensitivity to CSR will, in turn, increase the propensity of companies to include SR in their strategies. Thus, increasing financial literacy will have tangible positive effects of increasing CSR. Given the greater role played by companies during the COVID-19 period with respect to societal risk, the findings seem particularly useful.Originality/valueTo the best of the authors’ knowledge, this study represents the first that links financial literacy and financial happiness with CSR during the COVID-19 crisis. The large and representative dataset, as well as the use of specific variables related to financial literacy, financial happiness and COVID-19 infections in the CSR assessment model, makes our analysis original, robust and significant by contributing to the CSR literature and to the financial literacy literature from a methodological point of view, as well as by informing corporate executives and policymakers about the role of financial literacy with regard to CSR during the pandemic, which may help them in learning how to improve their decisions and actions in the postpandemic era.

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Section: Discussionsupporting

confidence: 92%

Shedding light on the impact of financial literacy for corporate social responsibility during the COVID-19 crisis: managerial and financial perspectives

Stella

Cervellati

Magni

et al. 2022

Self Cite

View full text Add to dashboard Cite

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“…The difference in performance among firms enlarges as a result of their diverse knowledge stores and their various competences in exploiting and expanding knowledge (Zaim et al, 2018). Knowledge is the most asset enterprises have, and making the best knowledge usage is essential to ensure that businesses survive and grow in turbulent times (Mennini et al, 2021). Therefore, knowledge based view could explain the relationship between knowledge risks, organizational performance and sustainability.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

“…, 2018). Knowledge is the most asset enterprises have, and making the best knowledge usage is essential to ensure that businesses survive and grow in turbulent times (Mennini et al. , 2021).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Evaluating the effect of knowledge risks on sustainability: the mediating role of organizational performance

Khatib

Ali²

2022

JMD

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PurposeThe purpose of this paper is to examine the links between knowledge risks, organizational performance and knowledge-intensive firms (KIFs)' sustainability.Design/methodology/approachA questionnaire was administered with a sample of 427 respondents from Lebanon. The gathered data were analyzed using SEM approach.FindingsThe empirical evidence confirms the potential role of knowledge risks in reducing the sustainability of firms. Furthermore, organizational performance was revealed to partially mediate the relationship between knowledge risks and sustainability.Practical implicationsThe study's findings inspire managers of KIFs to use effective knowledge management practices to mitigate potential knowledge risks.Originality/valueKnowledge risks and knowledge risk management are still unexplored in the literature. This paper is a pioneering study that advances the knowledge management field by emphasizing the significance of knowledge risks and their influence on the performance and sustainability of KIFs in Lebanon, a country with a culture distinct from that of Western contexts.

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“…The scholars noted that building a national or global roadmap to involve the population in the immunization campaign is ineffective. Mennini et al (2021) applied econometric modeling with a time lag of the dependence of accelerating or slowing down the vaccination campaign on the speed of economic recovery of a country affected by quarantine restrictions. However, the authors emphasized the slowdown in creating the collective immunity from COVID-19 decreases the pace of economic recovery.…”

mentioning

confidence: 99%

Vaccination Campaign: A Bibliometric Analysis

Kashcha

Kwiliński

Petrenko

2022

HEM

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This study provides the bibliometric analysis of publications addressing the COVID-19 pandemic and preventive measures to overcome it. This study aims to analyze, systematize, and build clusters of world schools of thought that changed their research directions in connection with the COVID-19 pandemic. The relevance of solving the scientific problem is urgent to quickly restore the economy, education, tourism, and other spheres of society affected by the pandemic. The authors emphasized that vaccination is one of the effective ways to reduce COVID-19 morbidity. Therefore, the study sample was generated with articles indexed by keywords “COVID-19” and «vaccination» in the Web of Science and Scopus databases. The study period covers 2020-2021. To operate with the most relevant publications, the study sample was limited by the English publication language and subject areas, excluding the publications in the categories of medicine and pharmacology. The case study involved the VOSviewer software, Web of Science, and Scopus database analysis tools in analyzing the scientific background on the issue of trust in the vaccination campaign. The visualization of findings was conducted using the VOSviewer software tools. The obtained results showed most of the work was published by the scholars of American, English, Chinese, German and Italian affiliations. The study identified at least 10 research directions on the investigated topic: the reasons for differentiating the intentions to be vaccinated; attitudes towards vaccinations depending on gender, age, and social status; forecasting different recovering scenarios; consequences of misinformation and fight against misinformation; effectiveness of social pressure on the population; the role of social networks; sufficiency of using personal protective equipment; the self-responsibility in creating collective immunity; the need medical staff visits; testing the effectiveness of the vaccine, etc. The findings of the bibliometric analysis could be useful for further empirical studies to find cause-and-effect relationships and mathematical modeling of the reasons for vaccination refusal and predicting different pandemic scenarios.

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Knowledge management in turbulent times: time-based scenario analysis of vaccinations against COVID-19

Cited by 14 publications

References 20 publications

Shedding light on the impact of financial literacy for corporate social responsibility during the COVID-19 crisis: managerial and financial perspectives

Shedding light on the impact of financial literacy for corporate social responsibility during the COVID-19 crisis: managerial and financial perspectives

Evaluating the effect of knowledge risks on sustainability: the mediating role of organizational performance

Vaccination Campaign: A Bibliometric Analysis

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