Managerial and Decision Economics最新文献

{"title":"The Impact of Technology Finance Policy on Entrepreneurial Activities—An Empirical Study Based on a Spatial DID Model","authors":"Shen Zhong,&nbsp;Siyu Li,&nbsp;Chaoliang Han","doi":"10.1002/mde.70052","DOIUrl":"https://doi.org/10.1002/mde.70052","url":null,"abstract":"<div>\u0000 \u0000 <p>Entrepreneurial activity (EA) injects new economic growth momentum and absorbs a large labor force, serving as a crucial solution to high unemployment and economic downturns. Technology Finance Policy (FTI) breaks traditional financial constraints, offering more comprehensive and accessible financial services for startups. Based on panel data from 278 Chinese cities, this study employs the spatial difference-in-differences (SDID) model to investigate the impact and mechanisms of FTI on EA. The findings reveal that: (1) FTI significantly enhances local EA and generates positive spatial spillover effects within a 700 km radius. (2) FTI indirectly boosts both local and neighboring cities' EA through resource allocation and technological innovation. (3) The impact of FTI on EA is particularly pronounced in non-resource-based cities, highly marketized regions, and areas with strong government intervention, where significant spatial spillover effects are observed. However, in resource-based cities, the effect is negligible. In regions with low government intervention, while FTI fosters local EA, it exerts a siphoning effect, leading to negative spillovers in adjacent areas. This study provides empirical insights for local governments to better integrate FinTech with entrepreneurship, promoting economic stability and growth.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"47 3","pages":"623-646"},"PeriodicalIF":2.7,"publicationDate":"2026-03-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147563106","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}

{"title":"Strategic Blockchain Adoption and Supply Chain Finance: A Game-Theoretic Approach With Risk Aversion Analysis","authors":"Jing Huang,&nbsp;Jun Ma,&nbsp;Yiliu Tu","doi":"10.1002/mde.70069","DOIUrl":"https://doi.org/10.1002/mde.70069","url":null,"abstract":"<div>\u0000 \u0000 <p>Blockchain technology holds significant potential for fostering trust in supply chains. The investigation of blockchain technology investments and the evaluation of their efficiency are critical for improving operational performance. This study develops a two-stage game model involving a supplier and two competitive retailers; the retailers may face financial constraints. They can obtain financing through either bank finance or supply chain finance (SCF). In the benchmark model, SCF emerges as the sole equilibrium, potentially resulting in a prisoner's dilemma. Then we adopt partial and entire blockchain adoption models (model PB and model EB) in which the impact of blockchain technology on demand is considered. Equilibrium conditions are derived for both retailers' selection of SCF. Furthermore, comparative static analyses demonstrate the superiority of model PB in guiding blockchain adoption investment decisions. Numerical analysis also reveals that the bank's risk aversion level significantly influences its blockchain investment strategy. And differentiated compensating balances effectively distinguish retailers and optimize financing decisions. This paper provides a framework for banks to better assess the risks associated with loans to supply chain, establishing more robust risk evaluation mechanisms. It also offers theoretical and practical insights for supply chain managers in determining optimal blockchain adoption strategies under financial constraints.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"47 3","pages":"688-706"},"PeriodicalIF":2.7,"publicationDate":"2026-03-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147566125","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}

{"title":"Platform-Induced Category Encroachment: Impact on Manufacturer's Quality Disclosure","authors":"Jiao Zhang,&nbsp;Tianjian Yang,&nbsp;Yu Zhang","doi":"10.1002/mde.70073","DOIUrl":"https://doi.org/10.1002/mde.70073","url":null,"abstract":"<div>\u0000 \u0000 <p>This paper explores the dynamic interplay between the platform owner's category encroachment and the manufacturer's quality disclosure within a supply chain. This research uncovers a noteworthy insight: platform owner-led category encroachment negatively influences the manufacturer's inclination to disclose information about product quality. Moreover, we observe a free-rider effect on quality information disclosure by the platform, underscoring the idea that enhanced transparency in product quality information primarily benefits the platform. Notably, our findings reveal specific scenarios that create opportunities for a mutually beneficial outcome, fostering a win-win situation between the manufacturer and the platform.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"47 3","pages":"756-778"},"PeriodicalIF":2.7,"publicationDate":"2026-03-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147569884","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}

{"title":"Insurance and Industrialisation Nexus in the Gulf of Guinea: The Role of Institutional Strength","authors":"Obumneke Bob Muoneke,&nbsp;Kingsley Ikechukwu Okere","doi":"10.1002/mde.70050","DOIUrl":"https://doi.org/10.1002/mde.70050","url":null,"abstract":"<div>\u0000 \u0000 <p>Despite the prolonged use of external sources of finance, the financing gap for industrialisation in Africa, especially for countries along the Gulf of Guinea, is still enormous amidst numerous episodes of shocks to external sources of finance. This study investigates the influence of institutional strength on the relationship between insurance and industrialisation in 13 countries situated along the Gulf of Guinea. The results consistently show the negative impact of insurance activities on industrialisation across all distribution levels, particularly for countries in the upper quantile. The results from the interaction analysis show that institutional quality in the Gulf of Guinea countries is insufficient to mitigate the negative effect of insurance activities on industrialisation. All stakeholders in the government and the financial system should prioritise floating low-risk and credible debt instruments (insurance premiums) to increase the stock of finance available to induce industrialisation within the region.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"47 2","pages":"554-565"},"PeriodicalIF":2.7,"publicationDate":"2025-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146155172","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}

{"title":"Manufacturer's Channel Strategy in Live Streaming Commerce: Two Business Models","authors":"Zhen Liu,&nbsp;Qiang Guo,&nbsp;Jiajia Nie,&nbsp;Lu Wu","doi":"10.1002/mde.70055","DOIUrl":"https://doi.org/10.1002/mde.70055","url":null,"abstract":"<div>\u0000 \u0000 <p>Live commerce allows manufacturers to sell products directly to a broad online audience while engaging multichannel networks (MCNs) in promotions. This study investigates two strategic models for manufacturers: vertically integrating an MCN or collaborating with one. Considering the herd effect and the risk of consumer–product mismatch in livestream shopping, we formulate a Stackelberg game model that includes a manufacturer, a retailer, and an MCN. The results show that the effect of the return rate and commission rate on the manufacturer's profit is nonmonotonic. Under the integration model, livestream selling favors the manufacturer when the associated costs are low. In the collaboration model, the manufacturer is incentivized to introduce a less efficient livestream channel. This strategy serves a dual purpose: it constrains the revenue captured by the MCN and leverages inter-channel competition to strengthen the manufacturer's control over the retail channel. Our analysis establishes that the two livestreaming models have distinct applicability conditions. A key finding is that the manufacturer may lack the incentive to integrate the MCN, even when it incurs no cost. This analysis provides valuable insights for manufacturers devising their entry strategy into the livestreaming e-commerce sector.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"47 2","pages":"541-553"},"PeriodicalIF":2.7,"publicationDate":"2025-11-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146154744","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}

{"title":"Can Green Labeling Foster the Green Transformation of Manufacturing? Evidence From China's Green Factory Certification","authors":"Tan Liu,&nbsp;Yichao Liu","doi":"10.1002/mde.70049","DOIUrl":"https://doi.org/10.1002/mde.70049","url":null,"abstract":"<div>\u0000 \u0000 <p>Green factories, as the central component of the green manufacturing system, represent a critical institutional mechanism for driving the green transformation of the manufacturing sector. This study systematically evaluates the impact of green factory certification on firms' green total factor productivity (GTFP) using data from manufacturing companies listed on the Shanghai and Shenzhen A-shares between 2012 and 2023, employing a multiperiod difference-in-differences model. The findings indicate that the green factory certification policy significantly enhances firms' GTFP, thereby facilitating the green transformation of the manufacturing industry. This conclusion remains robust after conducting several robustness checks, including parallel trend tests, Bacon decomposition, and machine learning techniques. Mechanism analysis reveals that the policy drives improvements in GTFP by alleviating financing constraints, stimulating green technological innovation, and enhancing the quality of environmental information disclosure. Heterogeneity analysis further demonstrates that the policy has a more pronounced effect in high-pollution industries, whereas its impact is relatively weaker for firms with stronger market bargaining power or political ties. Additionally, the moderating effect analysis reveals that well-established internal corporate governance and external societal supervision can significantly enhance the policy's effectiveness. The study provides empirical evidence and policy recommendations to optimize the green manufacturing policy framework, improve policy precision, and enhance green performance.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"47 2","pages":"488-506"},"PeriodicalIF":2.7,"publicationDate":"2025-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146155113","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}

{"title":"Political Elections and Banking Efficiency in an African Emerging Economy: A Bank Ownership Decomposition Approach","authors":"Baah Aye Kusi,&nbsp;Emmanuel Senanu Mekpor,&nbsp;Stephen Antwi,&nbsp;Jonas Ladime","doi":"10.1002/mde.70051","DOIUrl":"https://doi.org/10.1002/mde.70051","url":null,"abstract":"<div>\u0000 \u0000 <p>This study investigates how elections affect banking efficiency in an African emerging economy (Ghana), by inferring from the political choice theory and further decoupling the ownership effects of elections on diverse efficiency proxies. The study employs Tobit regression models and instrumental variable models (Tobit and fixed effect) as robustness models with year control effects for 29 banks between 2000 and 2020. While banking efficiency in the forms of technical, pure-technical, scale, cost, allocative, and revenue is measured using DEA across private, state, listed, unlisted, domestic, and foreign banks, election is measured as a dummy. The study reveals that elections significantly lower banking efficiencies. However, the reducing effect of elections varies across types of banking efficiency indicators and ownership structures. Specifically, while elections adversely affect technical, cost, scale, allocative, and revenue efficiencies of banks, private, state, unlisted, listed, and foreign banks were mostly affected. These suggest that the decline in banking efficiencies during electioneering periods is attributable to political, policy, and fiscal uncertainties and differs significantly depending on bank ownership and efficiency types. While the study presents significant insights, future studies may investigate the effect of elections in phases to include the pre-, during-, and post-election phases to understand the temporal dynamics of election effects in other emerging economies other than Ghana. The results explain the need for political stability and transparency, fostered by electoral and policy reforms, to ensure continuity and a reduction in election-related inefficiencies. Also, bank managers must recognize and factor elections into their efficiency decision-making. To the best of our knowledge, this study is the first to provide empirical evidence on how elections affect the diverse array of banking efficiencies across different ownership types and nature in an African emerging economy context.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"47 2","pages":"507-522"},"PeriodicalIF":2.7,"publicationDate":"2025-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146148204","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}

{"title":"Intellectual Property Protection and Labor Employment—A Quasi-Natural Experiment Based on the Pilot Policy of Intellectual Property Demonstration Cities","authors":"Tao Meng,&nbsp;Saihu Song,&nbsp;Cheng Chen","doi":"10.1002/mde.70054","DOIUrl":"https://doi.org/10.1002/mde.70054","url":null,"abstract":"<div>\u0000 \u0000 <p>Employment is the cornerstone of people's livelihood. It is closely tied to the fundamental interests of the public and serves as the foundation of social well-being. Using the 2012 launch of the Intellectual Property (IP) Demonstration City pilot program as a quasi-natural experiment, this paper applies a multi-period difference-in-differences (DID) approach to empirically examine the impact of IP protection on enterprise employment size. The findings are as follows: (1) The IP Demonstration City pilot significantly promotes enterprise employment expansion through channels such as increased production, alleviated financing constraints, and enhanced physical investment, and the results are robust to various tests; (2) Heterogeneity analysis shows that the pilot has a significantly positive effect on the employment size of enterprises located in inland regions, in high-tech industries, and in areas with relatively weak IP protection environments; (3) Further analysis reveals that the pilot facilitates human capital upgrading and increases wage levels of workers in pilot cities, but has a negative effect on labor efficiency. The employment-promoting effect of IP protection is more pronounced in firms that receive higher government subsidies and tax incentives. This study provides theoretical and empirical evidence on how to encourage enterprises to expand employment and improve the quality and adequacy of jobs, offering valuable policy implications for the government to achieve stable and high-quality employment.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"47 2","pages":"523-540"},"PeriodicalIF":2.7,"publicationDate":"2025-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146148203","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}

{"title":"The Effect of Corruption Priming on Happiness and Negative Emotions","authors":"Meytal Machani,&nbsp;Zeev Shtudiner","doi":"10.1002/mde.70053","DOIUrl":"https://doi.org/10.1002/mde.70053","url":null,"abstract":"<p>The 2023 World Happiness Report revealed that Israel had risen from ninth to fourth place in the global happiness index, with the absence of corruption identified as a significant contributing factor. Given the ongoing public discourse surrounding corruption in Israel, this study aimed to isolate and examine the specific impact of corruption perception on subjective happiness and negative emotions. The research employed a priming methodology across four groups (<i>N</i> = 249) to investigate the relationship between corruption perception, happiness, and negative emotions. Results indicated a significant link between corruption perception and increased levels of negative emotions. Additionally, the study highlighted the importance of considering an individual's political stance, as those aligned with the current opposition exhibited higher levels of negative emotions. These findings underscore the need for policymakers to consider both happiness and negative emotion indices, alongside prevailing perceptions of corruption, to foster integrity within governmental systems and promote a stable and corruption-free society.</p>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"47 2","pages":"457-467"},"PeriodicalIF":2.7,"publicationDate":"2025-11-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/mde.70053","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146155074","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}

{"title":"Comparing Equal Channel Power, Distinct Channel Power and Crisis Cartel in Mitigating the Effect of Production Cost Disruptions—A Game Theoretic Approach","authors":"Sarin Raju,&nbsp;Rofin T M","doi":"10.1002/mde.70045","DOIUrl":"https://doi.org/10.1002/mde.70045","url":null,"abstract":"<div>\u0000 \u0000 <p>The study checks the opportunities and challenges in using different competition models between downstream channel partners, namely, comparable channel power, distinct channel power and crisis cartel during production cost disruption. We employed a supply chain consisting of a manufacturer-modern trade outlet-e-tailer, and different game theoretic models like Nash, Stackelberg and Collusion games were used to analyse the pre-disruption and disruption cases. The research revealed that the downstream channel partners could enhance profitability during disruptions by engaging in crisis cartels or operating under the competitor's leadership, surpassing pre-disruption levels. However, models involving channel leadership and comparable channel power yield lower profits for downstream partners during disruption. Surprisingly, none of the models offer improved profitability for the manufacturer during production cost disruptions, and both the crisis cartel and channel leadership models prove detrimental to the manufacturer's profits. Similarly, none of the models could improve the consumer surplus of customers. Additionally, we extend the basic model by analysing the impact of customer channel preference and the price elasticity of demand during production disruptions. We found that the channel preference coefficient plays a crucial role in determining the profitability of all supply chain partners. Furthermore, the price elasticity of demand significantly affects pricing strategies for the modern trade outlet and e-tailer but does not influence the manufacturer.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"47 2","pages":"468-487"},"PeriodicalIF":2.7,"publicationDate":"2025-11-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146193625","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}