Journal of Applied Business Research (JABR) 2021-07-22T16:42:52+00:00 Stephanie Clute Open Journal Systems <p><strong>Published since 1985</strong><br>ISSN 0892-7626 (print), ISSN 2157-8834 (online)<br>The Journal of Applied Business Research (JABR) welcomes articles in all areas of applied business and economics research.</p> The Impact Of Leadership And Followership: An Organizational Phenomena 2021-07-22T16:11:50+00:00 Jay W. Edwards Andrew E. Honeycutt <p>Although traditional research has viewed leadership and followership as separate functions, recent studies have acknowledged the importance of followership in both the effectiveness and development of leaders. Followership models have emerged suggesting that leaders cannot be effective without having experience as a follower and that leaders and followers share characteristics that when successfully used in concert, can result in the achievement of organizational goals. Several stereotypes of what it means to be a follower inhibit both the development of followers and the willingness of aspiring leaders to assume followership roles. More research on the importance of followership to the health of an organization is necessary to encourage follower development.</p> 2021-07-01T00:00:00+00:00 Copyright (c) 2021 Time-Newsweek Cover Story Game 2021-07-22T16:22:38+00:00 Shi Young Lee Daeyoung Kim Sanghack Lee <p>Dixit and Nalebuff (1991) provided a simple example of how Time and Newsweek compete with each other through their cover story decisions. This paper goes beyond this example to specify the conditions under which the two competing magazines (Time and Newsweek) issue the same or different cover stories. The main result of this paper can be described as follows. The difference in relative market power and relative market size of story A to story B are critical in determining the cover story decision (business strategy). If the market size of potential story A relative to story B is sufficiently large, then both magazines may issue the same cover story. However, if the market size of potential story A relative to story B is not large enough, the relative market power (rather than the relative market size) becomes more relevant and both magazines may issue different cover stories. This paper provides empirical evidence that supports our hypothesis and shows how our finding is related to Hotelling’s paradox.</p> 2021-07-01T00:00:00+00:00 Copyright (c) 2021 Deciphering The Seemingly Counter Intuitive Impact Of Firm Innovation On Stock Returns In The Electronics Sector 2021-07-22T16:42:52+00:00 Gun Jea Yu KiHoon Hong Kyoung-Min Kwon <p>This paper investigates the impact of firms’ innovative activities on stock returns for firms in the electronics sector. The regression analysis provided counter intuitive result that exploitation and exploration are not significant in explaining stock returns. However, further analysis on firm size revealed that innovation have statistically significant explanatory power in the stock returns of relatively large firms, and the effect was negative and positive for exploitation and exploration, respectively. This is consistent with general expectations. The result implies that equity investors may believe that innovation is important for relatively larger firms only.</p> 2021-07-01T00:00:00+00:00 Copyright (c) 2021