Managerial and Decision Economics最新文献

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Pinpoint the Golden Point: A Moderated Inverted-U Relationship Between Digital Transformation and Business Model Innovation 精确定位黄金点:数字化转型与商业模式创新之间的反向u型关系
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2025-03-19 DOI: 10.1002/mde.4529
Jie Shang, Tao Guo, Xiaozhou Ding
{"title":"Pinpoint the Golden Point: A Moderated Inverted-U Relationship Between Digital Transformation and Business Model Innovation","authors":"Jie Shang,&nbsp;Tao Guo,&nbsp;Xiaozhou Ding","doi":"10.1002/mde.4529","DOIUrl":"https://doi.org/10.1002/mde.4529","url":null,"abstract":"<div>\u0000 \u0000 <p>Despite the growing consensus on the positive value of digital transformation (DT) to business model innovation, there remains a lack of a comprehensive understanding about whether this positive influence can be sustainable. Drawing on the corporate behavioral theory and prospect theory, we examine a combination of dual impact mechanisms of DT on business model innovation, emphasizing the moderating role of aspiration performance gaps (APGs). Using a sample of A-share listed firms in China from 2013 to 2022, we show the dark sides of DT and disclose that DT has an inverted U-shaped relationship with business model innovation. Notably, negative APGs exert a stronger moderating effect than positive APGs, accelerating the attainment of peak business model innovation at a lower degree of DT. We also highlight that the inverted U-shaped relationship shows a lower turning point and a larger opening in the Eastern region compared with that in the whole region; large firms tend to experience the shift from the “bright sides” to the “dark sides” earlier than SMEs. This study clarifies the intrinsic mechanisms between DT and business model innovation, offering practical guidance to avoid the pain points of DT and achieve business model innovation.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 5","pages":"3250-3265"},"PeriodicalIF":2.5,"publicationDate":"2025-03-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144214210","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
Technology Licensing, Network Externalities and Social Welfare in Cournot Differentiated Duopoly 古诺差异化双寡头的技术许可、网络外部性与社会福利
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2025-03-18 DOI: 10.1002/mde.4528
Ke Yan, Leonard F. S. Wang, Longfei Gao
{"title":"Technology Licensing, Network Externalities and Social Welfare in Cournot Differentiated Duopoly","authors":"Ke Yan,&nbsp;Leonard F. S. Wang,&nbsp;Longfei Gao","doi":"10.1002/mde.4528","DOIUrl":"https://doi.org/10.1002/mde.4528","url":null,"abstract":"<div>\u0000 \u0000 <p>The present paper establishes a horizontal differentiated-good Cournot duopoly with an inside patent-holding firm (licensor) under general network externalities to examine the superiority of fixed-fee licensing versus royalty licensing. We find that for the licensor, royalty licensing is superior to fixed-fee licensing if the network effect is weak and the degree of product differentiation is low. In addition, both consumer surplus and social welfare are higher under fixed-fee licensing in the presence of network externalities.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 5","pages":"3244-3249"},"PeriodicalIF":2.5,"publicationDate":"2025-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144213994","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
How Does Climate Policy Uncertainty Affect Banks Loan Loss Provisions?—Evidence From China 气候政策的不确定性如何影响银行贷款损失拨备?——来自中国的证据
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2025-03-18 DOI: 10.1002/mde.4511
Yonghui Lian, Jie Li, Feng He
{"title":"How Does Climate Policy Uncertainty Affect Banks Loan Loss Provisions?—Evidence From China","authors":"Yonghui Lian,&nbsp;Jie Li,&nbsp;Feng He","doi":"10.1002/mde.4511","DOIUrl":"https://doi.org/10.1002/mde.4511","url":null,"abstract":"<div>\u0000 \u0000 <p>This study examines the impact of climate policy uncertainty (CPU) on banks' loan loss provisions. Using a sample of 63 listed commercial banks in China from 2007 to 2022, we find that CPU significantly increases banks' loan loss provisions. Banks with higher financial risk and greater climate risk exposure tend to increase their loan loss provisions in response to CPU. This effect is less pronounced for banks with a higher degree of digital transformation, banks with better ESG performance, banks with green commitment, and banks disclosing more substantial climate information. Our findings provide empirical evidence for the importance of reducing CPU by government and regulators from banks' risk management perspective.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 5","pages":"3039-3066"},"PeriodicalIF":2.5,"publicationDate":"2025-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144213882","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
Manufacturer Choice of Selling Format in a Closed-Loop Supply Chain
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2025-03-14 DOI: 10.1002/mde.4475
Haike Qiao, Bi Wang, Qin Su
{"title":"Manufacturer Choice of Selling Format in a Closed-Loop Supply Chain","authors":"Haike Qiao,&nbsp;Bi Wang,&nbsp;Qin Su","doi":"10.1002/mde.4475","DOIUrl":"https://doi.org/10.1002/mde.4475","url":null,"abstract":"<div>\u0000 \u0000 <p>This study builds stylized models to discuss the interaction between product recovery and online selling format in a closed-loop supply chain, which comprises a manufacturer, online platforms, and customers. The manufacturer collects used products from customers, before choosing the product's selling format from the reseller only format, the marketplace only format, and both the reseller and marketplace formats. For each format, the optimal decisions (recovery rate, quantity, and price) are first obtained. Notably, we find that the marketplace format induces the manufacturer to improve the recovery rate. Furthermore, our results indicate that the manufacturer's choice of selling format depends on the saved cost of manufacturing a product using the collected products and the value fraction of customer preference for the marketplace relative to the reseller format. Specifically, if the value fraction is smaller but the saved cost is larger, using both the reseller and marketplace formats is preferred. And, we find that when the manufacturer changes from the reseller only format to both the reseller and marketplace formats, the selling price of the reseller platform decreases. Besides, we make some extensions to show the robustness of our assumptions and provide further guidelines for practitioners in the appendix.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 4","pages":"2448-2467"},"PeriodicalIF":2.5,"publicationDate":"2025-03-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143944585","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
Effects of Uniform Capacity Constraints on Quantity–Quality Competition 统一产能约束对数量-质量竞争的影响
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2025-03-11 DOI: 10.1002/mde.4522
Pu-yan Nie
{"title":"Effects of Uniform Capacity Constraints on Quantity–Quality Competition","authors":"Pu-yan Nie","doi":"10.1002/mde.4522","DOIUrl":"https://doi.org/10.1002/mde.4522","url":null,"abstract":"<div>\u0000 \u0000 <p>This article highlights quality and quantity competition with capacity constraints under different theoretical scenarios. We capture the effects on equilibrium by first-mover strategies and capacity constraints under Cournot and Stackelberg competitions, respectively. Our major findings are as follows. First, under a Stackelberg case, market share differences decrease with increased total resources. Second, the first-mover firm always produces higher quality products and earns more profits under duopoly conditions. Third, consumer surplus under the Cournot case is less than those under the Stackelberg case. Fourth, social welfare increases with increased total resources in both cases, though it is more significant under a Cournot competition than under a Stackelberg competition.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 5","pages":"3189-3199"},"PeriodicalIF":2.5,"publicationDate":"2025-03-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144213911","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
Administrative Approval Reform and Firm Green Innovation: Evidence From China 行政审批改革与企业绿色创新:来自中国的证据
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2025-03-11 DOI: 10.1002/mde.4526
Chu Li, Ni Hong
{"title":"Administrative Approval Reform and Firm Green Innovation: Evidence From China","authors":"Chu Li,&nbsp;Ni Hong","doi":"10.1002/mde.4526","DOIUrl":"https://doi.org/10.1002/mde.4526","url":null,"abstract":"<div>\u0000 \u0000 <p>This study investigates the impact of China's administrative approval reform on firm green innovation using a difference-in-differences (DID) approach with data from 24,981 firm-year observations of Chinese listed manufacturing firms from 2000 to 2023. The reform, characterized by establishing administrative approval centers, significantly enhances firm green innovation, as measured by the number of green patent applications. Robustness checks, including alternative measures of green innovation and instrumental variable analysis, confirm the positive effect. Mechanism tests reveal that the reform primarily promotes green innovation by alleviating firm financing constraints, rather than enhancing market competition or curbing management short-termism. The findings underscore the importance of reducing institutional transaction costs and easing financing constraints to foster green innovation, thereby offering insights for policymakers to promote sustainable development through institutional reforms.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 5","pages":"3212-3225"},"PeriodicalIF":2.5,"publicationDate":"2025-03-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144213915","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
Revisiting the Fiscal Policy–Income Inequality Nexus in Sub-Saharan Africa: Does Institutional Quality Matter? 重新审视撒哈拉以南非洲的财政政策-收入不平等关系:制度质量重要吗?
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2025-03-11 DOI: 10.1002/mde.4517
Olufemi G. Onatunji
{"title":"Revisiting the Fiscal Policy–Income Inequality Nexus in Sub-Saharan Africa: Does Institutional Quality Matter?","authors":"Olufemi G. Onatunji","doi":"10.1002/mde.4517","DOIUrl":"https://doi.org/10.1002/mde.4517","url":null,"abstract":"<p>The growing imperative to attain equitable income distribution has compelled international organizations and the academic community to make a collaborative commitment towards alleviating the escalating income inequality experienced worldwide. While there has been a notable development of interest among scholars regarding the nexus between fiscal policy and income inequality, the empirical scrutiny on the contributing role of fiscal policy and institutional quality remains scant in the literature. The present study complements the existing literature by investigating the tripartite nexus between fiscal policy, institutional quality, and income inequality in SSA, which has received no empirical attention in the literature. This study utilizes an advanced econometric technique, the cross-sectional autoregressive distributed lag (CS-ARDL) approach, which addresses cross-sectional dependency and heterogeneity issues for the panel dataset during 1990–2015. The empirical results demonstrate that economic growth, population growth, and government tax exacerbate income inequality, whereas education, government expenditure, and institutional quality metrics mitigate income inequality in SSA countries in the short and long run. The findings also indicate that the performance of institutional quality settings in SSA is significant for fostering efficient fiscal policy, thus improving equitable income distribution. These findings offer substantial, valuable insights and policy implications for policymakers in SSA, which may inform the design and formulation of sustainable development strategies to achieve equitable income distribution.</p>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 5","pages":"3172-3188"},"PeriodicalIF":2.5,"publicationDate":"2025-03-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/mde.4517","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144213914","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
Selection of Live-Streaming Sales Methods for the Manufacturer and Streamer: The Role of the MCN Institution
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2025-03-10 DOI: 10.1002/mde.4480
Gaoke Wu, Wensheng Yang, Xinru Hou, Mengze Chen
{"title":"Selection of Live-Streaming Sales Methods for the Manufacturer and Streamer: The Role of the MCN Institution","authors":"Gaoke Wu,&nbsp;Wensheng Yang,&nbsp;Xinru Hou,&nbsp;Mengze Chen","doi":"10.1002/mde.4480","DOIUrl":"https://doi.org/10.1002/mde.4480","url":null,"abstract":"<div>\u0000 \u0000 <p>To cater to consumer shopping habits and stimulate demand, manufacturers increasingly sell products through live streaming. However, challenges remain in selecting the most suitable live-streaming sales model. Additionally, it is also worth paying attention to whether the streamer chooses to sign with multi-channel network (MCN) institutions. Based on this, we have studied three live streaming sales methods: manufacturer-exclusive live streaming, unsigned streamer live streaming, and signed streamer live streaming. Firstly, the supply chain system involving the manufacturer, streamer, MCN institution, and live-streaming platform was constructed. Secondly, equilibrium results were obtained under different methods, and an analysis was conducted on the strategic choices and preferences of various parties regarding live-streaming sales methods. Finally, we further consider the manufacturer's strategy choices when facing streamers with different traffic levels and discuss the pure commission model in this research. The main findings are as follows: (i) The key to achieving the win-win situation for the manufacturer and streamer lies in the slot fee compensation coefficient, the sharing ratio charged by the MCN institution, and the streamer's salary. (ii) The MCN institution should appropriately reduce the sharing ratio to achieve cooperation with the manufacturer and streamer. (iii) The manufacturer will opt for the pure commission model only when the additional commission in this model is lower than the slot fee in the traditional commission model.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 4","pages":"2540-2561"},"PeriodicalIF":2.5,"publicationDate":"2025-03-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143944616","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
Coordination of Risk-Averse Behaviors in a Green Supply Chain-to-Chain Competition 绿色供应链竞争中风险规避行为的协调
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2025-03-06 DOI: 10.1002/mde.4523
Zhen Chen, Kaveh Khalilpour, Rui Zhao
{"title":"Coordination of Risk-Averse Behaviors in a Green Supply Chain-to-Chain Competition","authors":"Zhen Chen,&nbsp;Kaveh Khalilpour,&nbsp;Rui Zhao","doi":"10.1002/mde.4523","DOIUrl":"https://doi.org/10.1002/mde.4523","url":null,"abstract":"<div>\u0000 \u0000 <p>This research investigates the coordination of risk-averse behaviors among members in green supply chain-to-chain competition. We establish models encompassing member rationality, manufacturer risk aversion, cost-sharing contracts, and revenue-sharing contracts, providing the optimal equilibrium results for each scenario. This paper compares the effectiveness of cost-sharing versus revenue-sharing contracts, finding that risk-averse behavior diminishes profits, with total profits falling below those achieved under member rationality. Both contract types can facilitate coordination, but the revenue-sharing contract proves more effective. Under the revenue-sharing contract, wholesale and retail prices decrease, product greenness enhances, and profits for manufacturers, retailers, and the entire supply chain increase.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 5","pages":"3142-3156"},"PeriodicalIF":2.5,"publicationDate":"2025-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144213990","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
Legitimacy Building in Entrepreneurial Ecosystems—A Process Perspective for Sustainable Entrepreneurs 创业生态系统中的合法性构建——可持续企业家的过程视角
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2025-03-03 DOI: 10.1002/mde.4518
Felix Toepler, Vivek Velamuri
{"title":"Legitimacy Building in Entrepreneurial Ecosystems—A Process Perspective for Sustainable Entrepreneurs","authors":"Felix Toepler,&nbsp;Vivek Velamuri","doi":"10.1002/mde.4518","DOIUrl":"https://doi.org/10.1002/mde.4518","url":null,"abstract":"<p>The integration of legitimacy in entrepreneurial ecosystem theory is under-researched, resulting in scholarly vagueness about how entrepreneurs acquire resources. Our qualitative study with 31 (co-)founders of startups following the triple bottom line investigates entrepreneurs' daily practices for building legitimacy in entrepreneurial ecosystems. We identify that entrepreneurs follow a sequential process to build legitimacy: 1) <i>engaging and assimilating with culture</i>, 2) <i>establishing and utilizing networks</i>, 3) <i>enhancing visibility</i>, and 4) <i>leveraging the sustainable mission</i>. Following this sequential process builds different levels of legitimacy. Each level grants access to resources from the entrepreneurial ecosystem. We contribute to the scholarly conversation on legitimacy in entrepreneurial ecosystems and provide practical implications for entrepreneurs.</p>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 5","pages":"3087-3105"},"PeriodicalIF":2.5,"publicationDate":"2025-03-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/mde.4518","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144214070","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
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