Managerial and Decision Economics最新文献

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Unraveling Spillovers on Health Insurance: The Impacts of Culture and Fraud on Health Insurance Coverage 揭示健康保险的溢出效应:文化和欺诈对健康保险覆盖的影响
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2025-02-09 DOI: 10.1002/mde.4502
Rajeev K. Goel, James R. Jones, Michael A. Nelson
{"title":"Unraveling Spillovers on Health Insurance: The Impacts of Culture and Fraud on Health Insurance Coverage","authors":"Rajeev K. Goel,&nbsp;James R. Jones,&nbsp;Michael A. Nelson","doi":"10.1002/mde.4502","DOIUrl":"https://doi.org/10.1002/mde.4502","url":null,"abstract":"<div>\u0000 \u0000 <p>This paper adds to the literature on the determinants of health insurance by focusing especially on the spillovers from culture and fraud, along with a set of “standard” determinants. The social aspects of culture and fraud could potentially increase or decrease the propensities of individuals to purchase health insurance, and our empirical analysis informs us in this regard. For this purpose, we employ data for the year 2017 (or the closest year available) across states in the United States for most variables in the model setup. To account for year-to-year variability in the size of the uninsured population and the fraud data, mean annual averages over the years 2017–2022 are used. Employing OLS estimation to cross-sectional data, the results show that cultural tightness (denoting social/cultural cohesion, measured via an index) lowers the propensities to acquire health insurance, and greater fraud (i.e., fraud reports in a US state) also undermines health insurance coverage, albeit with relatively less statistical support. The impact of higher insurance premia depressing insurance coverage is found to be consistent with intuition. The scope of the government, via Medicaid expansion to provide health coverage to certain population groups, was relatively more effective in increasing insurance coverage than the sheer size of the government (i.e., total government spending). The proximity of a state to foreign borders (Canada and Mexico) did not matter. Other things being the same, states with larger land areas faced special challenges in providing health insurance coverage. The findings have importance for the formulation of policies in the public and private sectors, and especially flesh out the crucial, and largely neglected, influence of culture on health insurance purchases.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 5","pages":"2783-2794"},"PeriodicalIF":2.5,"publicationDate":"2025-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144213948","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
Can Enterprise Digital Transformation Improve Resource Allocation Efficiency? Evidence From China
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2025-02-09 DOI: 10.1002/mde.4493
Zheng Duan, Yifan Zhang
{"title":"Can Enterprise Digital Transformation Improve Resource Allocation Efficiency? Evidence From China","authors":"Zheng Duan,&nbsp;Yifan Zhang","doi":"10.1002/mde.4493","DOIUrl":"https://doi.org/10.1002/mde.4493","url":null,"abstract":"<div>\u0000 \u0000 <p>Digital transformation provides enterprises with the momentum for development. This study analyses a sample of Chinese listed companies from 2011 to 2021 to construct a digital transformation index and assess the resource allocation efficiency of the cities in which these companies operate. It empirically investigates the impact of digital transformation on resource allocation efficiency, while addressing issues of heterogeneity. The findings are as follows: (1) digital transformation enhances resource allocation efficiency; (2) it influences this efficiency by optimizing the structure of human capital, fostering enterprise innovation, and mitigating information asymmetries; and (3) the positive impact of digital transformation on resource allocation efficiency is more pronounced in regions with lower per capita income and smaller urban populations, as well as among high-tech, manufacturing, and state-owned enterprises in these areas. This study contributes to both theoretical and empirical research on resource allocation efficiency and offers a new perspective on digital transformation. It serves as a reference for policymakers in developing relevant digital policies based on regional contexts, provides a foundation for enterprises to expedite their digital transformation efforts, and establishes the groundwork for future research on the role of digital transformation in promoting development in both developed and developing countries.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 4","pages":"2688-2704"},"PeriodicalIF":2.5,"publicationDate":"2025-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143944678","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
Is Blockchain Really Good for E-Platform? A Double-Edged Sword From Consumer Trust and Channel Cannibalization
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2025-02-07 DOI: 10.1002/mde.4482
Xiaoxi Zhu, Yu Chen, Minglun Ren, Wei Chu
{"title":"Is Blockchain Really Good for E-Platform? A Double-Edged Sword From Consumer Trust and Channel Cannibalization","authors":"Xiaoxi Zhu,&nbsp;Yu Chen,&nbsp;Minglun Ren,&nbsp;Wei Chu","doi":"10.1002/mde.4482","DOIUrl":"https://doi.org/10.1002/mde.4482","url":null,"abstract":"<div>\u0000 \u0000 <p>The application of blockchain technology in e-platforms makes products more reliable and traceable, especially products from third-party retailers without brand authorization. However, this technology will also intensify the competition between authorized retailers and third-party retailers. On the other hand, as intermediaries, e-platforms' profits have also become elusive. We aim to investigate how blockchain technology impacts optimal pricing strategies and profit distribution in a dual-channel supply chain composed of one manufacturer, one e-platform, and two e-tailers. By adopting a Stackelberg game framework, the results show that (1) the e-platforms may not necessarily benefit from blockchain; only when the commission rate and unit usage cost are both small (or large) enough can the platform achieve higher profit. (2) The application of blockchain can yield extra reputation benefits for third-party retailer, while the retail prices of both channels may also be higher. (3) The Pareto improvements show that when manufacturer sells products to official retailer and third-party retailer at different prices, the possibility of successful blockchain implementation increases. (4) When the third-party retailer shares blockchain usage cost, its optimal channel price rises and demand decreases. For the official retailer, changes in pricing depend on competitive intensity. The manufacturer tends to reduce wholesale price under the strategy, benefiting both e-tailers and enhancing product competitiveness and supply chain efficiency.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 4","pages":"2562-2582"},"PeriodicalIF":2.5,"publicationDate":"2025-02-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143944879","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
Price Stickiness in a Dual-Channel Supply Chain 双渠道供应链中的价格粘性
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2025-02-05 DOI: 10.1002/mde.4501
Ismail Saglam
{"title":"Price Stickiness in a Dual-Channel Supply Chain","authors":"Ismail Saglam","doi":"10.1002/mde.4501","DOIUrl":"https://doi.org/10.1002/mde.4501","url":null,"abstract":"<div>\u0000 \u0000 <p>In this paper, we investigate price stickiness in a dual-channel supply chain where a manufacturer sells its product directly through an online retailer and indirectly through an offline retailer. We construct a noncooperative game where the manufacturer and the offline retailer decide whether or not to costlessly adjust their prices after a demand shock. If the demand shock is positive, then no price can be sticky at the unique Nash equilibrium. If the demand shock is negative, then we additionally observe equilibria where some or all prices can be sticky. We also show that no equilibrium is always Pareto optimal.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 5","pages":"2766-2782"},"PeriodicalIF":2.5,"publicationDate":"2025-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144214084","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 Do Climate-Related Risks and Opportunities Affect Portfolio Allocation and Asset Pricing? 与气候相关的风险和机会如何影响投资组合配置和资产定价?
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2025-02-05 DOI: 10.1002/mde.4494
Maher Asal, Xiaoni Li, Yin Shi
{"title":"How Do Climate-Related Risks and Opportunities Affect Portfolio Allocation and Asset Pricing?","authors":"Maher Asal,&nbsp;Xiaoni Li,&nbsp;Yin Shi","doi":"10.1002/mde.4494","DOIUrl":"https://doi.org/10.1002/mde.4494","url":null,"abstract":"<p>This paper examines the performance of “clean,” “brown,” and “dirty” stocks in the S&amp;P 500 from January 2010 to September 2022 using panel random effect estimation and factor models. It also uses cointegration analysis to assess the long-term relationship between risk premiums and two carbon risk factors: “brown minus clean” and “dirty minus clean.” Finally, we use random walk tests to examine whether carbon risks are priced, and therefore, the S&amp;P 500 market is weakly efficient. Findings indicate that the brown portfolio outperforms the clean portfolio in factor models, likely due to market trends where energy, driven by rising oil and gas prices, outperforms all other sectors. The results also show that the two carbon risks and the political risk have a negative and significant impact on the risk premium and that the excess return series do not follow random walks and are weak form inefficient.</p>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 5","pages":"2746-2765"},"PeriodicalIF":2.5,"publicationDate":"2025-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/mde.4494","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144214087","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
Environmental Certification, Consumer Greenness, and Greenwashing
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2025-02-03 DOI: 10.1002/mde.4452
Theresa Wittreich
{"title":"Environmental Certification, Consumer Greenness, and Greenwashing","authors":"Theresa Wittreich","doi":"10.1002/mde.4452","DOIUrl":"https://doi.org/10.1002/mde.4452","url":null,"abstract":"<p>This paper investigates the welfare effects of imperfect environmental certification and its efficacy as an environmental policy tool within a partially covered product market and price competition among firms. Using a game-theoretic model, I find that a truth-revealing certification mechanism – that emerges for a sufficiently precise certification mechanism or high certification fee – can enhance welfare while consistently outperforming a pooling mechanism. While greenwashing cannot benefit the economy in price competition, it may have different implications in quantity competition. The study highlights that a truth-revealing certification mechanism is crucial for effectively reducing environmental damage, offering valuable insights for policymakers.</p>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 4","pages":"2289-2313"},"PeriodicalIF":2.5,"publicationDate":"2025-02-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/mde.4452","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143944870","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
The Governance Effect of Financial Reporting Inquiry Letters on Major Shareholder Expropriation: Evidence From Chinese Listed Companies
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2025-02-03 DOI: 10.1002/mde.4478
Shimin Sun, Jie Zhao, Meng Jiao, Yongheng Wang
{"title":"The Governance Effect of Financial Reporting Inquiry Letters on Major Shareholder Expropriation: Evidence From Chinese Listed Companies","authors":"Shimin Sun,&nbsp;Jie Zhao,&nbsp;Meng Jiao,&nbsp;Yongheng Wang","doi":"10.1002/mde.4478","DOIUrl":"https://doi.org/10.1002/mde.4478","url":null,"abstract":"<div>\u0000 \u0000 <p>Utilizing Chinese A-share listed companies from 2015 to 2023 as samples, this article empirically tests the influence of financial reporting inquiry letters on major shareholder expropriation and its function mechanism and obtains the following four conclusions. First, financial reporting inquiry letters exert a temporary restraining effect on major shareholder expropriation, necessitating continuous issuance of letters by stock exchanges to reinforce this governance role. Second, the internal and external environment influences the governance effectiveness of financial reporting inquiry letters. The inhibitory effect of financial reporting inquiry letters on major shareholder expropriation is more pronounced for companies without relaxing short-selling controls, with higher marketization degrees, and with weaker exit threats from non-controlling large shareholders. Third, financial reporting inquiry letters can attract investor attention and increase litigation risk, thereby curbing major shareholder expropriation. Fourth, financial reporting inquiry letters have a deterrent effect on major shareholder expropriation in peer companies that have not gotten letters, but they cannot effectively impact companies in the same region that have not received letters. This article confirms the inhibitive influence of non-punitive supervision on major shareholder expropriation, providing empirical evidence regarding the governance of Type II agency issues in Chinese listed companies.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 4","pages":"2504-2523"},"PeriodicalIF":2.5,"publicationDate":"2025-02-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143944876","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
The Impact of Technological Diversification on Innovation Performance: The Moderating Effects From an Agency Perspective 技术多元化对创新绩效的影响:基于代理视角的调节效应
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2025-01-31 DOI: 10.1002/mde.4495
Xinrui Zhan, Yunqing Liu, Xingxin Zhao
{"title":"The Impact of Technological Diversification on Innovation Performance: The Moderating Effects From an Agency Perspective","authors":"Xinrui Zhan,&nbsp;Yunqing Liu,&nbsp;Xingxin Zhao","doi":"10.1002/mde.4495","DOIUrl":"https://doi.org/10.1002/mde.4495","url":null,"abstract":"<div>\u0000 \u0000 <p>In the rapidly advancing digital era, technological diversification (TD) emerges as a pivotal strategy to enhance firms' innovation performance. This study explores the nonlinear dynamics of TD and innovation performance, positing an inverted U-shaped relationship and examining the moderating effects of governance mechanisms—management shareholding, board size, board meeting frequency, and analyst coverage—from the perspectives of incentive mechanism design, internal control, and external regulation. Using a comprehensive panel dataset of 11,036 firm-year observations from 1438 Chinese listed manufacturers (2012–2020), we employ Tobit regression to validate our hypotheses. Our findings confirm the inverted U-shaped relationship between TD and innovation performance, which is significantly moderated by governance mechanisms that mitigate agency costs. The results withstand a battery of robustness checks and address endogeneity concerns. By integrating agency theory into the analysis of TD, this study provides a novel perspective and actionable strategies for firms to optimize TD within sustainable boundaries, ultimately achieving long-term innovation growth.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 5","pages":"2726-2745"},"PeriodicalIF":2.5,"publicationDate":"2025-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144214200","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
Digital Transformation, Internationalisation and ESG Performance of Multinational Companies 跨国公司数字化转型、国际化与ESG绩效
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2025-01-29 DOI: 10.1002/mde.4496
Xin Xu, Meiya Sun
{"title":"Digital Transformation, Internationalisation and ESG Performance of Multinational Companies","authors":"Xin Xu,&nbsp;Meiya Sun","doi":"10.1002/mde.4496","DOIUrl":"https://doi.org/10.1002/mde.4496","url":null,"abstract":"<div>\u0000 \u0000 <p>This study examines the impact and mechanism of digital transformation on the corporate environmental, social and governance (ESG) performance of Chinese A-share listed multinational companies (MNCs) from 2011 to 2021. Corporate digital transformation can enhance ESG performance by reducing institutional distance, improving internal control quality and absorptive capacity. The level of internationalisation also has a positive impact on this relationship. The positive effect of digital transformation on the ESG performance of MNCs is more pronounced in non–high-tech industries and mature companies. This study offers theoretical support for improving MNCs' ESG performance and managing cross-border operational risks through digital transformation.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 5","pages":"2709-2725"},"PeriodicalIF":2.5,"publicationDate":"2025-01-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144214201","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
Compensating College Football Players for Their Name, Image, and Likeness Rights From Live College Football Broadcasts 补偿大学橄榄球运动员在大学橄榄球直播中的姓名、形象和肖像权
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2025-01-28 DOI: 10.1002/mde.4465
Stacey L. Brook
{"title":"Compensating College Football Players for Their Name, Image, and Likeness Rights From Live College Football Broadcasts","authors":"Stacey L. Brook","doi":"10.1002/mde.4465","DOIUrl":"https://doi.org/10.1002/mde.4465","url":null,"abstract":"<div>\u0000 \u0000 <p>Recently, the NCAA has allowed student athletes to be compensated by third parties for their name, image, and likeness rights (NIL) but not their NIL rights from televised broadcasts. Yet these rights have an economic value. A counterfactual model is employed to determine how university media rights revenues relate to television viewership, and then, the model is empirically estimated to determine the value of these NIL rights. The results show the median athletic department would pay about 5.4% of their football media rights revenue to the football participants, and the median football participant would be paid $4739 for their NIL rights.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 4","pages":"2381-2387"},"PeriodicalIF":2.5,"publicationDate":"2025-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143944983","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
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