Managerial and Decision Economics最新文献

Delegation of Non-Core Tasks and Market Expansion 非核心任务的委派和市场拓展

IF 2.7 3区经济学

Managerial and Decision Economics Pub Date : 2026-09-01 Epub Date: 2026-06-17 DOI: 10.1002/mde.70120

Sreya Kolay, Rajeev Tyagi

{"title":"Delegation of Non-Core Tasks and Market Expansion","authors":"Sreya Kolay, Rajeev Tyagi","doi":"10.1002/mde.70120","DOIUrl":"https://doi.org/10.1002/mde.70120","url":null,"abstract":"<div>\u0000 \u0000 <p>Software developers often spend a large part (40%–70%) of their time on non-core tasks—tasks that do not directly add new product functionalities but are essential for a product's basic viability. A growing ecosystem of external providers now gives these developers the option to delegate such tasks, freeing resources for reallocation toward innovation and market expansion. We study how the cost of non-core tasks, developers' ability to reallocate freed-up resources into new product functionalities, and product substitutability jointly determine when competing developers in a duopoly benefit from delegating non-core tasks in order to expand into a more advanced market. When developers compete on prices and make delegation decisions before provider pricing, both developers delegate when the reallocation efficiency and non-core task costs are sufficiently high and product substitutability is not too high; neither delegates when both non-core task costs and product substitutability are sufficiently low; otherwise, only one developer delegates. We also show that, counterintuitively, when one or both developers delegate, greater product substitutability or higher cost of non-core tasks may increase developers' profits. Extensions show how these strategic effects depend on price versus quantity competition between developers, the market structure of external providers, and the timing of provider pricing and developers' delegation decisions.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"47 7","pages":"1733-1750"},"PeriodicalIF":2.7,"publicationDate":"2026-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148862210","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Putting Wind in the Sails: The Impact of Data Factor Market Development on Firm Internationalization 乘风破浪：数据要素市场发展对企业国际化的影响

IF 2.7 3区经济学

Managerial and Decision Economics Pub Date : 2026-09-01 Epub Date: 2026-07-01 DOI: 10.1002/mde.70128

Guangting Zhang, Jiajia Qin, Xiangyang Yang, Jiayi Zhang

{"title":"Putting Wind in the Sails: The Impact of Data Factor Market Development on Firm Internationalization","authors":"Guangting Zhang, Jiajia Qin, Xiangyang Yang, Jiayi Zhang","doi":"10.1002/mde.70128","DOIUrl":"https://doi.org/10.1002/mde.70128","url":null,"abstract":"<div>\u0000 \u0000 <p>In recent years, the development of data factor markets has emerged as a key component in promoting the market-based allocation of production factors. This paper takes data trading platforms as the focal point and empirically investigates the impact of data factor market development on firm internationalization using panel data of A-share listed companies from 2011 to 2023. Our findings reveal that the establishment of data factor markets significantly promotes firm internationalization, with this conclusion remaining robust after a series of endogeneity corrections and robustness checks. Mechanism analysis reveals that data factor market development enhances firms' internationalization by easing financing constraints and improving supply chain structures, thereby enabling more effective acquisition and upgrading of resources and capabilities. Further analysis suggests that entrepreneurial spirit positively moderates this relationship by strengthening firms' risk-taking awareness, thus reinforcing the effect of data market development on internationalization. This study advances the understanding of firm internationalization within the digital economy context while offering theoretical insights and practical guidance for enhancing data infrastructure and improving related policy design.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"47 7","pages":"1840-1855"},"PeriodicalIF":2.7,"publicationDate":"2026-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148862214","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Financing a Green Future: Credit Ratings and Green Innovation in China 绿色未来融资：中国的信用评级与绿色创新

IF 2.7 3区经济学

Managerial and Decision Economics Pub Date : 2026-09-01 Epub Date: 2026-07-08 DOI: 10.1002/mde.70130

Ying Yang, Zijun Li, Bing Zeng

{"title":"Financing a Green Future: Credit Ratings and Green Innovation in China","authors":"Ying Yang, Zijun Li, Bing Zeng","doi":"10.1002/mde.70130","DOIUrl":"https://doi.org/10.1002/mde.70130","url":null,"abstract":"<div>\u0000 \u0000 <p>Using panel data on Chinese A-share listed firms and issuer credit ratings (CR) from 2007 to 2021, this paper investigates how CR affects the quantity and quality of firms' green innovation and the underlying mechanisms. The findings are as follows. First, higher CR significantly increases both the quantity and quality of green innovation. This incentive effect is more pronounced for firms in the growth and maturity stages as well as for heavily polluting firms, suggesting that CR may help mitigate stage- and domain-related mismatches. Second, stronger CR helps firms ease financing constraints, reduce financing costs, and attract greater attention from green capital markets. Stronger CR also broadens financing channels by expanding the scale of debt and bank-credit financing while reducing reliance on equity financing. Through these channels, issuer credit ratings improve firms' external financing conditions and thereby promote both the quantity and quality of green innovation. Third, green innovation is positively associated with ESG-related external evaluations, whereas its short-term effect on firms' economic performance remains limited. This paper highlights the important role of issuer credit ratings in shaping corporate financing and green innovation in capital markets and has implications for further improving corporate information disclosure, refining the issuer credit rating system, enhancing both the quality and scale of green innovation, and ultimately advancing China's innovation-driven development and green growth.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"47 7","pages":"1895-1910"},"PeriodicalIF":2.7,"publicationDate":"2026-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148862292","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Are Academic Executives Greener? Evidence From China 学术管理者更环保吗？来自中国的证据

IF 2.7 3区经济学

Managerial and Decision Economics Pub Date : 2026-09-01 Epub Date: 2026-06-08 DOI: 10.1002/mde.70118

Kai Xing, Xiong Li, Ping Liu, Hanxiong Zhang, Yuhan Xiao

{"title":"Are Academic Executives Greener? Evidence From China","authors":"Kai Xing, Xiong Li, Ping Liu, Hanxiong Zhang, Yuhan Xiao","doi":"10.1002/mde.70118","DOIUrl":"https://doi.org/10.1002/mde.70118","url":null,"abstract":"<p>This paper investigates the impact of executives with academic backgrounds (“academic executives”) on corporate green patents. We find that both the presence of academic executives and the proportion of academic executives have a significantly positive impact on firms' green patents, and this effect is positively associated with the firm's commitment to environmental ethics. The mechanisms analysis shows that academic executives promote corporate green innovation by improving companies' Environmental, Social, and Governance (ESG) performance and increasing the Research and Development (R&D) investment. Further analysis reveals that the effect of academic executives on corporate green patents primarily stems from executives with prior experience in research institutions. We also find that academic executives play a more important role in green patents in nonindustrial firms, larger firms, and those located in the Central and Western regions of China. Our findings contribute to the literature by offering new insights into corporate governance and environmental performance within the frameworks of Upper Echelons Theory and Imprinting Theory.</p>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"47 7","pages":"1647-1673"},"PeriodicalIF":2.7,"publicationDate":"2026-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/mde.70118","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148862293","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Business Strategy and Digital Transformation: Evidence From China 商业战略与数字化转型：来自中国的证据

IF 2.7 3区经济学

Managerial and Decision Economics Pub Date : 2026-09-01 Epub Date: 2026-06-09 DOI: 10.1002/mde.70121

Yunmin Wang, Jixin Cheng, Leilei Zhou

{"title":"Business Strategy and Digital Transformation: Evidence From China","authors":"Yunmin Wang, Jixin Cheng, Leilei Zhou","doi":"10.1002/mde.70121","DOIUrl":"https://doi.org/10.1002/mde.70121","url":null,"abstract":"<div>\u0000 \u0000 <p>This study examines the relationship between firms' business strategy (BS) and their digital transformation (DT) processes. Utilizing data from Chinese publicly listed companies spanning 2007<i>–</i>2020, the research reveals that companies following a prospector strategy pursue DT more intensively than those adopting a defender strategy. This finding remains robust across different sample compositions, alternative measures of DT and BS, and instrumental variable (IV) regressions. Mechanism analyses reveal that these strategic differences operate through three organizational channels: risk-taking culture, governance structure, and managerial incentive time horizons. Prospectors exhibit higher risk tolerance, more flexible governance arrangements, and longer term managerial incentives—all of which facilitate greater DT engagement. This study advances the understanding of DT by demonstrating that firms' transformation trajectories are systematically shaped by their strategic orientation, thereby providing a strategy-based perspective that complements and extends existing technology- and resource-based explanations.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"47 7","pages":"1674-1692"},"PeriodicalIF":2.7,"publicationDate":"2026-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148862295","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Gender, Stereotypes, and Competitive Performance Gap: An Experimental Investigation 性别、刻板印象与竞争绩效差距：一项实验研究

IF 2.7 3区经济学

Managerial and Decision Economics Pub Date : 2026-09-01 Epub Date: 2026-06-27 DOI: 10.1002/mde.70125

Jaesun Lee, Ming Jiang, SeEun Jung

引用次数: 0

The Impact of ESG Rating Disagreement on Corporate Philanthropy ESG评级差异对企业慈善事业的影响

IF 2.7 3区经济学

Managerial and Decision Economics Pub Date : 2026-09-01 Epub Date: 2026-06-14 DOI: 10.1002/mde.70119

Fenling Gu, Boyuan Tian, Yue Cao

{"title":"The Impact of ESG Rating Disagreement on Corporate Philanthropy","authors":"Fenling Gu, Boyuan Tian, Yue Cao","doi":"10.1002/mde.70119","DOIUrl":"https://doi.org/10.1002/mde.70119","url":null,"abstract":"<div>\u0000 \u0000 <p>Drawing on a sample of A-share listed firms in China from 2011 to 2023, this study examines the impact of ESG rating disagreement on corporate philanthropy. We find that firms with higher ESG rating disagreement are more likely to increase charitable donations in the subsequent year. Mechanism analyses indicate that this effect operates through both operational and reputational risks. Heterogeneity analyses show that the effect is more pronounced for firms facing higher performance pressure, lower business diversification, weaker market status, higher advertising expenditures, closer consumer proximity, or operating in non-heavily polluting industries. Additional analysis shows that social rating disagreement is the primary driver of philanthropic contributions. Economic consequence analysis demonstrates that ESG-induced philanthropy alleviates financing constraints. The study contributes to the literature on the economic consequences of ESG rating disagreement, emphasizes the context-dependent nature of managerial decisions under information uncertainty, and highlights their economic value. It provides insights for regulators, firms, and investors in interpreting corporate ESG behavior, helps market participants better understand corporate philanthropy, and offers useful implications for addressing ESG rating disagreement.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"47 7","pages":"1711-1732"},"PeriodicalIF":2.7,"publicationDate":"2026-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148862289","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Artificial Intelligence, Economic Decision-Making, and Air Transport Performance: Evidence From G7 Countries 人工智能、经济决策和航空运输绩效：来自G7国家的证据

IF 2.7 3区经济学

Managerial and Decision Economics Pub Date : 2026-09-01 Epub Date: 2026-07-02 DOI: 10.1002/mde.70129

Emin Ahmet Kaplan, Tufan Sarıtaş, Yasin Büyükkör, Alper Aslan

{"title":"Artificial Intelligence, Economic Decision-Making, and Air Transport Performance: Evidence From G7 Countries","authors":"Emin Ahmet Kaplan, Tufan Sarıtaş, Yasin Büyükkör, Alper Aslan","doi":"10.1002/mde.70129","DOIUrl":"https://doi.org/10.1002/mde.70129","url":null,"abstract":"<p>This paper examines the role of artificial intelligence (AI) in shaping economic decision-making and improving air transport performance in G7 countries over the period 1996–2021. AI is proxied by scientific publications and interpreted as an indicator of innovation capacity that supports data-driven decision-making and operational efficiency in the aviation sector. To ensure robust empirical inference, the analysis applies second-generation panel data techniques, including cross-sectional dependence and slope homogeneity tests, CIPS unit root tests, and the Westerlund Durbin–Hausman cointegration approach. Long-run relationships are estimated using the fully modified ordinary least squares (FMOLS) method, whereas causality is examined through the Dumitrescu–Hurlin panel causality test. The results reveal that AI-driven innovation has a positive and statistically significant effect on air transport performance, indicating that enhanced information processing and decision-support capabilities contribute to improved logistics efficiency and cargo transport outcomes. In addition, government effectiveness, population, government consumption, GDP growth, and inflation are found to positively influence air transport, highlighting the importance of institutional quality and macroeconomic conditions in shaping sectoral performance. The findings offer important implications for managerial and policy decision-making by emphasizing the role of AI in enhancing operational efficiency, demand forecasting, and strategic planning in the aviation sector. Strengthening AI-oriented innovation systems and institutional capacity can support more effective decision-making processes and improve overall sector performance.</p>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"47 7","pages":"1856-1873"},"PeriodicalIF":2.7,"publicationDate":"2026-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/mde.70129","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148862391","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

A Theoretical Survey of Corporate Social Responsibility: Between Externalities and Asymmetric Information 企业社会责任的理论考察：在外部性与信息不对称之间

IF 2.7 3区经济学

Managerial and Decision Economics Pub Date : 2026-09-01 Epub Date: 2026-07-07 DOI: 10.1002/mde.70136

Emanuel Namaiwa Barke

引用次数: 0

To Drink or to Innovate? The Impact of Alcohol Culture on Corporate Innovation 喝酒还是创新？酒文化对企业创新的影响

IF 2.7 3区经济学

Managerial and Decision Economics Pub Date : 2026-09-01 Epub Date: 2026-07-02 DOI: 10.1002/mde.70127

Karamat Khan, Yucong Yan, Haoyuan Li, Assad Ullah, Hao Wu, Mohd Ziaur Rehman

{"title":"To Drink or to Innovate? The Impact of Alcohol Culture on Corporate Innovation","authors":"Karamat Khan, Yucong Yan, Haoyuan Li, Assad Ullah, Hao Wu, Mohd Ziaur Rehman","doi":"10.1002/mde.70127","DOIUrl":"https://doi.org/10.1002/mde.70127","url":null,"abstract":"<div>\u0000 \u0000 <p>This study examines the impact of alcohol culture on corporate innovation in China. Using a sample of Chinese listed firms, the analysis reveals that stronger alcohol culture significantly inhibits firm innovation, as measured by both patent quantity and quality. The results remain robust when innovation efficiency measures are applied. A battery of robustness checks including alternative variable definitions, model specifications and estimation methods such as the difference-in-difference (DID) and instrumental variable (IV) approaches further reinforce the baseline results. Additionally, heterogeneity tests show that the negative impact of alcohol culture is more amplified in regions with weaker legal environments, poorer corporate governance and firms led by less educated executives. Mechanism analysis indicates that alcohol culture suppresses innovation primarily by increasing earnings management and excessive entertainment expenditures which distort resource allocation and reduce transparency. Overall, the results highlight that although alcohol-based social interactions may foster social connections and facilitate networking, they can also impose hidden institutional and behavioral costs that can hinder firms' innovation and undermine their long-term competitiveness.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"47 7","pages":"1874-1894"},"PeriodicalIF":2.7,"publicationDate":"2026-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148862392","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0