Philippine Management Review

Attracting Digital Natives as Talents: Assessing the Strength of Good Employer, Product Quality, and Information Credibility Perceptions on Intent to Apply

Nikodemus Hans Setiadi Wijaya — 2023-07-26

The evaluation of organizational talent attraction strategies has occupied a substantial collection of human resource management (HRM) research, motivated by wide-ranging shifts in employer branding and other attraction efforts. Across economies, these trends affect the younger talent pool who have more employment options and employer information at their disposal as digital natives in a globalized workforce. This study substantially builds on current literature by examining three conceptual triggers that can guide potential applicants’ understanding of employers – namely (1) Good Employer, or the perception of leadership quality and workplace policies that promote employee wellbeing in the organization, (2) Product Quality, or the perception of competitive advantages of the employer’s core product or service portfolio, and (3) Information Credibility, or the perception of truthful and complete information reporting by the employer – on Intent to Apply. While these triggers have been the subject of existing body of HRM research, this study explores a conceptual model that correlates the triggers individually with Intent to Apply and also in conjunction with Information Credibility as a mediating variable. The study applies the said conceptual framework among digital native (i.e., millennials and Generation Z) jobseekers in Indonesia. The results indicate that both Good Employer and Information Credibility perceptions have positive associations with Intent to Apply, while Product Quality perceptions do not. Both Good Employer and Product Quality perceptions have a positive association with Information Credibility as a mediating variable towards Intent to Apply. This study should then guide organizations to shift their employer brand improvements to strengthening comprehensive employee wellbeing programs and perceptions, as well as truthful public reporting of the implementation of these programs, in order to attract jobseekers.

Effects of Filipino Consumers’ Financial Attitudes, Subjective Norms, and Perceived Behavioral Control on Intentions to Formal Banking: Towards Financial Inclusion

Manuelito Co — 2023-07-26

This study analyzes the role of attitudes, subjective norms, and perceived behavioral control on the behavioral intentions of Filipinos in saving surplus money in the bank. Anchoring on the theory of planned behavior, a logistic model involving this financial behavioral intention and psychological variables extracted from the Philippine Central Bank’s Consumer Finance Survey was developed. The survey generated data through a stratified random sampling of households asking their financial conditions including income, spending and insurance coverage. Findings illustrate that subjective norms and perceived behavioral control significantly predict behavioral intention towards banking. Moreover, demographic differences are also described to influence behavioral intentions. Implications and contributions are positioned in the contextualization of psychological factors in consumer finance domain and consequently towards financial inclusion marketing strategies.

Presence and Profiles of Women on Corporate Boards in Philippine Publicly Listed Corporations: A Resource Dependence Theory Perspective

Regina Lizares — 2023-07-26

Using a resource dependence perspective, this study investigates meso-level factors influencing the likelihood of a woman director (WOCBs) in Philippine publicly listed corporations (PLCs) and identifies profiles of WOCB based on the resources they provide a firm. Employing a sample of 252 PLCs and logistic analysis, this study determines that board size is significant and positively associated with the likelihood of a WOCB. Furthermore, utilizing the biographical data of 456 WOCB and cluster analysis, this study identifies five profiles of WOCB and determines the dominance of WOCBs who have a profile of a business expert.

An Empirical Study of the Capital Structure Theories on Philippine Listed Firms

John Philip Meneses — 2023-07-26

This study aims to determine whether the Trade-Off Theory and the Pecking Order Theory are able to explain the financing behavior of Philippine listed firms using data from 2010 to 2019. Analysis on the relationship of firm-specific variables against leverage as well as individual and joint testing of the TO and PO models were performed using panel data regression. The results have shown that while no model is dominant over the other, both capital structure theories are evident in the financing behavior of Philippine listed firms. Growth opportunity and profitability exhibit a positive and negative relationship with leverage, respectively, supporting
the Pecking Order Theory. While firm size has shown a positive relationship with leverage, supporting the Trade-Off Theory. Individual and joint testing of the capital structure models were also able to provide significant results in support of both models.

Issues on the Valuation of Tender Offers in the Philippines

Arthur Cayanan — 2023-07-26

The announcements of tender offers have almost always raised several concerns, such as issues on undervaluation, non-availability of fairness opinion reports, and insufficient action on the part of the regulators. This paper discusses a number of such issues related to the valuation methods used in determining tender offer prices, especially those leading to the delisting of the shares. These issues may include the reasonableness of the assumptions used in the valuations. Aside from evaluating the different theoretical valuation models, this study also examines other concerns related to these tender offers such as the independence of the valuation entities. As a result, this study therefore presents suggestions towards addressing these aforementioned concerns that are being raised for regulators to consider.