IMPACT OF PSYCHOLOGICAL OWNERSHIP ON INNOVATION AND GROWTH IN INDONESIA BUSINESS FIRMS
DOI:
https://doi.org/10.61841/btx96295Keywords:
Psychological ownership, innovation, growth opportunities.Abstract
For long-run success, both innovation and growth are the keys. However, the role of psychological ownership in the recent years is less observed both in theoretical and empirical context. This study aims to analyze the effect of psychological ownership on innovation and growth opportunities in Indonesia. Different measuring items for both dependent and independent variables were added in the questionnaire and employees from different business firms were selected as a sample of interest. descriptive analysis, correlation analysis and regression analysis have been performed and results shows that there is a significant relationship among range of psychological factors, innovation, and business growth opportunities. However, this research is limited in different context. For instance, advanced structural model like SEM is not applied, missing with the demographic details. The findings of present study is of great support for industry experts, business owners, and market analysts for exploring the relationship among the targeted variables. Additionally, this study has contributed in the field of business psychology.
Downloads
References
[1] Ahuja, G., Lampert, C. M., & Tandon, V. (2008). 1 moving beyond Schumpeter: management research on the determinants of technological innovation. Academy of Management annals, 2(1), 1-98.
[2] Azuh, D., & Olubunmi, A. G. (2015). Impact of Employees’ Commitment on Productivity of Lower Cadre Employees in Nigerian Manufacturing Organizations. International Journal of Case Studies, 4(3).
[3] Bellows, R. M. (1949). Psychology of personnel in business and industry.
[4] Bentein, K. (2016). 33. Tracking change in commitment over time: the latent growth modeling approach. Handbook of Employee Commitment, 462.
[5] Bergström, O., & Ismail, M. (2019). Digitalization and social dialogue in Sweden.
[6] Boucher, X., Cerqueus, A., Delorme, X., Gonnermann, C., Paul, M., Reinhart, G., . . . Sippl, F. (2019). Towards Reconfigurable Digitalized and Servitized Manufacturing Systems: Conceptual Framework. Paper presented at the IFIP International Conference on Advances in Production Management Systems.
[7] Chen, H.-L., & Huang, Y.-S. (2006). Employee stock ownership and corporate R&D expenditures: evidence from Taiwan's information-technology industry. Asia Pacific Journal of Management, 23(3), 369-384.
[8] Corbetta, G., & Salvato, C. (2004). Self–Serving or Self–Actualizing? Models of Man and Agency Costs in Different Types of Family Firms: A Commentary on “Comparing the Agency Costs of Family and Non–family Firms: Conceptual Issues and Exploratory Evidence”. Entrepreneurship Theory and Practice, 28(4), 355-362.
[9] Crossan, M. M., & Apaydin, M. (2010). A multi‐dimensional framework of organizational innovation: A systematic review of the literature. Journal of management studies, 47(6), 1154-1191.
[10] Garrett, R. (2010). Does employee ownership increase innovation? New England Journal of Entrepreneurship, 13(2), 37-46.
[11] Ghafoor, A., Qureshi, T. M., Khan, M. A., & Hijazi, S. T. (2011). Transformational leadership, employee engagement and performance: Mediating effect of psychological ownership. African journal of business management, 5(17), 7391-7403.
[12] Han, T.-S., Chiang, H.-H., & Chang, A. (2010). Employee participation in decision making, psychological ownership and knowledge sharing: mediating role of organizational commitment in Taiwanese high-tech organizations. The International Journal of Human Resource Management, 21(12), 2218-2233.
[13] Johnson, M. W., & Lafley, A. G. (2010). Seizing the white space: Business model innovation for growth and renewal: Harvard Business Press.
[14] Kammerlander, N., & Ganter, M. (2015). An attention‐based view of family firm adaptation to discontinuous technological change: Exploring the role of family CEOs' noneconomic goals. Journal of Product Innovation Management, 32(3), 361-383.
[15] Kumar, N., Scheer, L., & Kotler, P. (2000). From market driven to market driving. European management journal, 18(2), 129-142.
[16] Maia, L. G., Bastos, A. V. B., & Solinger, O. N. (2016). Which factors make the difference for explaining growth in newcomer organizational commitment? A latent growth modeling approach. Journal of Organizational Behavior, 37(4), 537-557.
[17] McKenna, E. F. (2000). Business psychology and organisational behaviour: a student's handbook: Psychology Press.
[18] Mustafa, M., Martin, L., & Hughes, M. (2016). Psychological ownership, job satisfaction, and middle manager entrepreneurial behavior. Journal of Leadership & Organizational Studies, 23(3), 272-287.
[19] Oliva, R., & Kallenberg, R. (2003). Managing the transition from products to services. International journal of service industry management, 14(2), 160-172.
[20] Omran, A., & Kamran, H. W. (2018). Determining the Factors Attracting the Tourists to Visit Kedah State, Malaysia.
Journal of Environmental Management & Tourism, 9(2 (26)), 355-364.
[21] Pierce, J. L., & Jussila, I. (2010). Collective psychological ownership within the work and organizational context: Construct introduction and elaboration. Journal of Organizational Behavior, 31(6), 810-834.
[22] Pirkkalainen, H., Pawlowski, J. M., Bick, M., & Tannhäuser, A.-C. (2018). Engaging in knowledge exchange: The instrumental psychological ownership in open innovation communities. International Journal of Information Management, 38(1), 277-287.
[23] Rau, S. B., Werner, A., & Schell, S. (2018). Psychological ownership as a driving factor of innovation in older family firms. Journal of family business strategy.
[24] Riad, L., Labib, A., & Nawar, Y. S. (2016). Assessing the impact of organisational climate on employees commitment. The Business & Management Review, 7(5), 357.
[25] Roetzel, P. G. (2019). Information overload in the information age: a review of the literature from business administration, business psychology, and related disciplines with a bibliometric approach and framework development. Business Research, 12(2), 479-522.
[26] Schaltegger, S., Lüdeke-Freund, F., & Hansen, E. G. (2012). Business cases for sustainability: the role of business model innovation for corporate sustainability. International Journal of Innovation and Sustainable Development, 6(2), 95-119.
[27] Sieger, P., Zellweger, T., & Aquino, K. (2013). Turning agents into psychological principals: aligning interests of non‐owners through psychological ownership. Journal of management studies, 50(3), 361-388.
[28] Svensson, H., & Aguilar, A. (2019). BUSINESS CYCLES AND WORK ENVIRONMENTAL FACTORS FOR
SICK LEAVE IN SWEDEN-A case study on consultants in the IT sector.
[29] Teece, D. J. (2009). Dynamic capabilities and strategic management: Organizing for innovation and growth: Oxford University Press on Demand.
[30] Uslu, T. (2015). Innovation culture and strategic human resource management in public and private sector within the framework of employee ownership. Procedia-Social and Behavioral Sciences, 195, 1463-1470.
[31] Weer, C. H. (2006). The impact of non-work role commitment on employees’ career growth prospects.
[32] Weer, C. H., & Greenhaus, J. H. (2017). Managers’ assessments of employees’ organizational career growth opportunities: The role of extra-role performance, work engagement, and perceived organizational commitment. Journal of Career Development, 0894845317714892.
[33] Zellweger, T., Sieger, P., & Halter, F. (2011). Should I stay or should I go? Career choice intentions of students with family business background. Journal of business venturing, 26(5), 521-536.
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution 4.0 International License.
You are free to:
- Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
- Adapt — remix, transform, and build upon the material for any purpose, even commercially.
- The licensor cannot revoke these freedoms as long as you follow the license terms.
Under the following terms:
- Attribution — You must give appropriate credit , provide a link to the license, and indicate if changes were made . You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
Notices:
You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation .
No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.
