Managerial and Decision Economics最新文献

{"title":"Eco-Labels and Sales Mode Selection Strategies for E-Commerce Platform Supply Chain","authors":"Fengmin Yao,&nbsp;Bing Li,&nbsp;Yang Lv,&nbsp;Xu-dong Qin","doi":"10.1002/mde.4433","DOIUrl":"https://doi.org/10.1002/mde.4433","url":null,"abstract":"<div>\u0000 \u0000 <p>The E-commerce platform supply chain (EPSC) is maturing as a result of the platform economy's growth, and an increasing number of eco-friendly producers are joining E-commerce platforms to increase the sales of their eco-friendly goods. However, without an information disclosure mechanism, customers find it challenging to completely comprehend or grasp the green information on items. Eco-labels, as a green declaration symbol, can effectively reduce the information asymmetry between consumers and manufacturers. This paper establishes four game models for the EPSC under industry and government labels, considering the reselling and agency selling modes. The effects of consumers' green perceptions, eco-label credibility, and R&amp;D cost coefficient on the operation of EPSC, consumer surplus, environmental quality improvement, and social welfare were analyzed. We find that the enhancement of consumers' green perceptions and eco-label credibility are beneficial for improving the product's greenness, increasing the profit of the E-commerce platform, consumer surplus, environmental quality improvement, and social welfare, but it may not necessarily be beneficial for the manufacturer and the overall profitability of EPSC. Additionally, the profitability of the E-commerce platform, consumer surplus, environmental quality improvement, and social welfare are more susceptible to shifts in consumers' green perceptions, whereas increasing the eco-label credibility is more beneficial to the revenues of the manufacturer and EPSC. From the perspective of pursuing profits, the industry label is often chosen by the manufacturer, whereas the E-commerce platform tends to choose the government label. Whether the optimal sales mode selection strategy of the manufacturer under the eco-label is beneficial to the E-commerce platform also depends on the size of unit production cost, commission rate, and consumers' green perceptions (eco-label credibility). Moreover, EPSC benefits most from the reselling mode under the industry label, whereas consumer surplus, environmental quality, and social welfare are better served by the reselling mode under the government label. Conversely, the manufacturer is more likely to decide to resell the product under the government label when the R&amp;D for green products is highly challenging.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 2","pages":"1278-1296"},"PeriodicalIF":2.5,"publicationDate":"2024-12-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143119271","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":"Marketization of Data Elements and Enterprise Green Governance Performance: A Quasi-Natural Experiment Based on Data Trading Platforms","authors":"Weilong Wang,&nbsp;Deheng Xiao","doi":"10.1002/mde.4471","DOIUrl":"https://doi.org/10.1002/mde.4471","url":null,"abstract":"<div>\u0000 \u0000 <p>Green corporate governance not only contributes to the sustainable development of enterprises but also promotes the overall environmental improvement of society, achieving a win–win situation for both the economy and the environment. With the development and progress of society, data factors have become a key motivator for corporate green governance, and the promotion of marketization of data elements (MDE) is of great significance in releasing data factor dividends and strengthening the green development system. It is particularly important to clarify the correlation between enterprise green governance performance (GGP) and data factor marketization as a necessary path for the sustainable development of Chinese enterprises. Using data from listed firms in Shanghai and Shenzhen A-shares from 2010 to 2022, as well as the creation of a data trading platform as a quasi-natural experiment for building data factor markets, this research investigates the impacts of MDE on GGP. We found that MDE significantly contributes to GGP. After going through several robustness tests, this conclusion holds up. The mechanism verifies that data factor marketization promotes GGP by enhancing firms' innovation capability, optimizing data utilization, and alleviating firms' financing constraints. Through heterogeneity analysis, this paper explores how enhancing human capital level, developing high-tech firms, and developing digital finance can further contribute to the promotional effect of data factor marketization on firms' GGP. Finally, the analysis of economic consequences finds that data factor marketization not only enhances the GGP of enterprises but also brings about economic effects and enhances the value of enterprises. This paper effectively identifies the green governance effect of data factor marketization from the GGP perspective, which offers crucial policy recommendations for advancing GGP in the era of big data.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 3","pages":"1686-1700"},"PeriodicalIF":2.5,"publicationDate":"2024-12-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143565434","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":"Shifting Proactive or Keeping Silent: How Does Environmental Legislation Enhance Companies' ESG Performance?","authors":"Xijia Huang,&nbsp;Wenkai Ao,&nbsp;Wei Hu,&nbsp;Lisi Yang","doi":"10.1002/mde.4458","DOIUrl":"https://doi.org/10.1002/mde.4458","url":null,"abstract":"<div>\u0000 \u0000 <p>By integrating the behavioral theory of firms with institutional theory, this study examines the causal impact of environmental legislation on corporate ESG performance through a quasi-natural experiment involving the implementation of the China's New Environmental Protection Law (NEPL). Utilizing data on Chinese listed companies from 2010 to 2021 and employing a difference-in-differences model, our findings reveal that the NEPL significantly boosts ESG performance, with improvements increasing over time. Our mechanism analysis indicates that this enhancement is primarily driven by the improved quality of environmental information disclosure, suggesting proactive disclosure under stringent environmental legislation. Further heterogeneity analysis reveals complementary effects from private attribute, institutional shareholdings, and public media attention. This paper opens the “black box” of how environmental legislation influences corporate ESG performance from the perspective of strategic company disclosure, highlighting the critical role of proactive information disclosure in navigating complex external environments.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 4","pages":"2329-2344"},"PeriodicalIF":2.5,"publicationDate":"2024-12-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143945022","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":"Commercial Social Capital and Social Conflict: Historical Evidence From China","authors":"Weiwei Xiao,&nbsp;Xing Yi,&nbsp;Yuqing Zhong,&nbsp;Xiuxiu Yin","doi":"10.1002/mde.4469","DOIUrl":"https://doi.org/10.1002/mde.4469","url":null,"abstract":"<div>\u0000 \u0000 <p>Social stability is a crucial prerequisite for the prosperity and development of a country or region, and social conflict has long been a focal topic in academia. However, few studies examine the impact of commercial social capital on social conflict. This paper addresses this gap by investigating the influence of <i>shanghui</i> (chambers of commerce) in the late Qing Dynasty, a form of commercial social capital, on regional social conflict. Utilizing prefecture-level panel data from 1902 to s and employing a DID approach, we empirically explore the impact of <i>shanghui</i> on regional social conflict during this period. The results show that the establishment of <i>shanghui</i> significantly increased the likelihood of regional social conflict, and this effect remains robust across a variety of robustness tests. As a form of commercial social capital, <i>shanghui</i> effectively promoted the formation of merchant networks, facilitating collective action among merchants to safeguard their interests. Further historical evidence suggests that the impact of <i>shanghui</i> on regional social conflict is primarily evident in three areas: (1) supporting social revolutions, particularly the Revolution of 1911; (2) resisting actions by foreign merchants and the Qing government that threatened their interests, exemplified by the Boycott of American Goods and the Railway Protection Movement; and (3) siding with merchants in labor disputes, thus leading to worker strikes.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 4","pages":"2413-2430"},"PeriodicalIF":2.5,"publicationDate":"2024-12-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143945021","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":"Pathways to Urban Green Innovation: Does Extreme Temperature Pose a Barrier?","authors":"Ligang Ren,&nbsp;Dasen Huang,&nbsp;Ao Shu,&nbsp;Lingbing Feng","doi":"10.1002/mde.4467","DOIUrl":"https://doi.org/10.1002/mde.4467","url":null,"abstract":"<div>\u0000 \u0000 <p>To achieve the goal of “peak carbon dioxide emissions and carbon neutrality,” China has proposed significant measures to promote green technological innovation. Though abundant research has confirmed the positive impact of green innovation on the environment, whether environmental factors reciprocally influence green innovation remains insufficiently explored. This study delves into the influence of extreme temperatures on urban green innovation, utilizing panel data from 287 prefecture-level cities in China spanning from 2003 to 2019. Results indicate that extreme temperatures significantly impede the development of urban green innovation, with a series of robustness tests affirming the reliability of this effect. We find that this effect is transmitted through both the “inequality exacerbation effect” and the “industrial production inhibition effect.” In addition, the dampening effect is more pronounced in cities in the eastern part of the country, in smaller cities, and in cities with low river densities. This paper further finds that extreme heat is the main factor that causes extreme temperature to inhibit green innovation in cities. Moreover, extreme temperatures also had a consistent inhibitory effect on the overall innovation capacity of cities.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 4","pages":"2388-2412"},"PeriodicalIF":2.5,"publicationDate":"2024-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143944967","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":"Digital Content Provision Under Virtual Tipping","authors":"Wenche Wang","doi":"10.1002/mde.4432","DOIUrl":"https://doi.org/10.1002/mde.4432","url":null,"abstract":"<div>\u0000 \u0000 <p>The proliferation of digital technology has introduced innovative engagement features between content producers and viewers. Virtual tipping, a novel form of revenue generation, allows viewers to award producers with virtual currency in real-time. In this paper, we develop a model where content producers generate revenue from both advertisements and virtual tips, aiming to explore how virtual tipping influences the differentiation of digital content. Unlike previous models, we assume that content producers make prior product decisions before entering the platform and can adjust their content in response to platform incentives and viewer demand. Content producers face a trade-off between expanding market coverage for higher advertisement revenue and prioritizing viewer satisfaction for increased virtual tipping. We derive a platform-streamer contract involving two incentive devices: a share of virtual tipping revenue and mediated search. Our results suggest that virtual tipping reduces content differentiation, except in cases where differentiation is already minimal. Consequently, virtual tipping encourages both the platform and content producers to prioritize viewer satisfaction, which can be welfare improving. However, the integration of mediated search amplifies virtual tipping's downward force on differentiation, which may counteract the welfare gains.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 2","pages":"1265-1277"},"PeriodicalIF":2.5,"publicationDate":"2024-12-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143116467","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":"Strengthened Through Collaborations: Convergence of Interfirm and Intrafirm Knowledge Exchange for Improving Informal Economy SMEs' Sustainability Performance","authors":"Ayodotun Stephen Ibidunni,&nbsp;Obaloluwa Obed Oyewo,&nbsp;Ranti Falana,&nbsp;Edwin Okoro","doi":"10.1002/mde.4435","DOIUrl":"https://doi.org/10.1002/mde.4435","url":null,"abstract":"<div>\u0000 \u0000 <p>The role of knowledge exchange (KE) between and across firms has been widely studied. However, KE dimensions that reflect a sequence of interfirm and intrafirm KE among SMEs in emerging economies remain scantily examined in the literature. We fill this gap by investigating the direct and direct effects of KE dimensions on the SMEs sustainable performance (SP). Our analysis of 264 SME owner/owner-managers, using the PLS-SEM, showed that although there is no direct relationship between knowledge exchange from business collaboration (KEBC) and knowledge exchange during training (KET), KEBC and KET impact on the SP dimensions. Also, KET mediates the relationship between KEBC and SP. Our study arises among the few investigations that have given credence to developing economy informal SMEs' role in the sustainability discourse.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 2","pages":"1315-1329"},"PeriodicalIF":2.5,"publicationDate":"2024-12-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143116157","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":"Loss Aversion, Moral Hazard, and Stochastic Contracts","authors":"Hoa Ho","doi":"10.1002/mde.4459","DOIUrl":"https://doi.org/10.1002/mde.4459","url":null,"abstract":"<p>I examine whether stochastic contracts benefit the principal under moral hazard and loss aversion. Incorporating the agent's expectation-based loss aversion and allowing for stochastic contracts, I find that stochastic contracts reduce the principal's cost as compared with deterministic contracts. The optimal stochastic contract pays a high wage not only when good signals are realized but also with a positive probability after the realization of bad signals. The findings have an important implication for designing contracts for loss-averse agents: the principal should insure the agent against wage uncertainty by employing stochastic contracts that increase the probability of a high wage.</p>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 3","pages":"1677-1685"},"PeriodicalIF":2.5,"publicationDate":"2024-12-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/mde.4459","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143565373","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":"Efficiency Assessment of Mutual Fund With Risk and Negative Data: An Improved Two-Stage Network SBM Model","authors":"Xiao Shi,&nbsp;Zhuo Pei,&nbsp;Xinle Liu","doi":"10.1002/mde.4464","DOIUrl":"https://doi.org/10.1002/mde.4464","url":null,"abstract":"<div>\u0000 \u0000 <p>This paper innovatively proposes an improved two-stage network SBM model, which could handle negative data and incorporates the CVaR indicator representing risks in efficiency evaluation. The proposed approach is utilized to evaluate and analyze the overall efficiency and two subsystems' efficiencies of 29 mutual funds in China from 2018 to 2022. Empirical results demonstrate that both operational management efficiency and portfolio management efficiency significantly impact overall efficiency. Funds exhibiting excellent performance in operational management subsystem are more likely to achieve outstanding overall performance. Based on the empirical results, some policy recommendations are proposed.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 3","pages":"1645-1660"},"PeriodicalIF":2.5,"publicationDate":"2024-12-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143565411","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":"Evaluating Causal Effects of Increasing Block Pricing Policy on Residential Electricity Consumption in China","authors":"Zheng Fang,&nbsp;Thai-Ha Le,&nbsp;Jiang Yu,&nbsp;Manyi Fan","doi":"10.1002/mde.4466","DOIUrl":"https://doi.org/10.1002/mde.4466","url":null,"abstract":"<div>\u0000 \u0000 <p>Using two waves of the China Family Panel Studies (CFPS), a nationally representative longitudinal household-level survey, this paper investigates how residential electricity consumption is affected by the increasing block pricing (IBP) policy nationwide. The results from the difference-in-differences approach suggest that the IBP policy is effective in reducing households' electricity consumption, and the reduction size is about 43 and 120 kWh for households affected by the second and third block pricing, respectively. Compared to rural households, urban households are found to be less impacted by the IBP policy. Besides, there are heterogeneous effects across various income groups, though the trend of the treatment effects is inconsistent. The findings are proved to be robust to different study samples and different model specifications.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 3","pages":"1661-1676"},"PeriodicalIF":2.5,"publicationDate":"2024-12-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143565412","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}