Managerial and Decision Economics最新文献

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Review Article: Blockchain Technology and Governance of Franchise Networks
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2024-11-29 DOI: 10.1002/mde.4443
Maria Jell-Ojobor, Roland Russwurm, Josef Windsperger
{"title":"Review Article: Blockchain Technology and Governance of Franchise Networks","authors":"Maria Jell-Ojobor,&nbsp;Roland Russwurm,&nbsp;Josef Windsperger","doi":"10.1002/mde.4443","DOIUrl":"https://doi.org/10.1002/mde.4443","url":null,"abstract":"<div>\u0000 \u0000 <p>This study explores the implications of the introduction of blockchain technology for the governance of franchise networks. In light of the limited prior research on this topic, the study employs a twofold approach. It begins by identifying the central themes present in current research at the intersection of franchising and blockchain technology. Next, it examines existing instances of implementations of blockchain technology and connects them to corresponding value chain operations in the franchising context. The study takes a comprehensive approach, combining bibliometric analysis with a semisystematic literature review, to offer insights into blockchain technology's potential future impact on the franchise industry. Specifically, it shows that franchise network governance can benefit significantly from attributes of blockchain such as transparency, efficiency, and trust as well as from its various applications such as smart contracts and decentralized autonomous organizations.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 3","pages":"1478-1500"},"PeriodicalIF":2.5,"publicationDate":"2024-11-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143565455","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
Cross Border Costs: Efficiency Losses of Manufacturing Firms Involved in Housing
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2024-11-28 DOI: 10.1002/mde.4451
Youmeng Wu, Zuxin Kuang, Hongliang Sun, Kai Wang, Tiesheng Zhang
{"title":"Cross Border Costs: Efficiency Losses of Manufacturing Firms Involved in Housing","authors":"Youmeng Wu,&nbsp;Zuxin Kuang,&nbsp;Hongliang Sun,&nbsp;Kai Wang,&nbsp;Tiesheng Zhang","doi":"10.1002/mde.4451","DOIUrl":"https://doi.org/10.1002/mde.4451","url":null,"abstract":"<div>\u0000 \u0000 <p>The boom in China's real estate market in the past 20 years has attracted a large number of manufacturing firms to make real estate investments (REI), and it is unclear whether this behavior is conducive to the high-quality development of firms. This study theoretically elucidates the mechanism by which manufacturing firms' real estate investment behavior affects their factor efficiency and empirically examines it using data from listed Chinese manufacturing firms from 2007 to 2021. We find that real estate investment by manufacturing firms significantly inhibits firms' total factor productivity (TFP). The robustness of the findings is further confirmed by constructing a differences-in-differences (DID) model using a purchase restriction policy as an exogenous shock. Heterogeneity analysis shows that those more significantly negatively affected are technology- and labor-intensive non-state-owned firms, which are located in the central-eastern region of China and are in the growth or maturity stage. Exploring the mechanism of action reveals that firms' real estate investment behavior may reduce the level of firms' TFP by crowding out inputs in the research and development (R&amp;D) sector and reducing organizational management effectiveness. This study provides new empirical evidence for identifying the impact of real estate investment on firms' TFP and deepens the understanding of firms' resource allocation effects.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 3","pages":"1459-1477"},"PeriodicalIF":2.5,"publicationDate":"2024-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143565264","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
Government Subsidy Policies for Industrial Internet Adoption: A Tripartite Evolutionary Game Analysis
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2024-11-28 DOI: 10.1002/mde.4440
Xiaoshuai Peng, Shiyi Wang, Cui Zhao
{"title":"Government Subsidy Policies for Industrial Internet Adoption: A Tripartite Evolutionary Game Analysis","authors":"Xiaoshuai Peng,&nbsp;Shiyi Wang,&nbsp;Cui Zhao","doi":"10.1002/mde.4440","DOIUrl":"https://doi.org/10.1002/mde.4440","url":null,"abstract":"<div>\u0000 \u0000 <p>Understanding interactions between government, platforms, and enterprises is key to developing the industrial internet ecosystem. This study constructs a tripartite evolutionary game model to analyze stakeholder interactions. We examine the equilibrium strategies of stakeholders and the asymptotic stabilities of equilibrium points through theoretical and simulation analyses. The results show that increasing the subsidy coefficient, transaction fee rates for high-level services, and compensation for mismatches incentivize platforms to offer high-level services. Enterprises are motivated to participate in platforms by raising joining profits and lowering transaction fees. For the government, adjusting the subsidy coefficient promotes industrial internet adoption while avoiding excessive subsidies.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 2","pages":"1392-1404"},"PeriodicalIF":2.5,"publicationDate":"2024-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143120206","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
Impact of Venture Capital on Firm's Technological Innovation: Empirical Study Based on the Strategy of Pre- and Post-Investment
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2024-11-28 DOI: 10.1002/mde.4436
Chi Xie, Zhen Wang
{"title":"Impact of Venture Capital on Firm's Technological Innovation: Empirical Study Based on the Strategy of Pre- and Post-Investment","authors":"Chi Xie,&nbsp;Zhen Wang","doi":"10.1002/mde.4436","DOIUrl":"https://doi.org/10.1002/mde.4436","url":null,"abstract":"<div>\u0000 \u0000 <p>We investigate the impact of venture capital (VC) on the technological innovation of the firms listed on China's National Equities Exchange and Quotations (NEEQ) and identify the role of the VC strategy in this process, by using the data related to VC investment, firm innovation, and human capital. The empirical results demonstrate that (i) VC effectively promote the technological innovation of target firms, especially in the high-tech industry; (ii) as two parts of the VC strategy in the preinvestment phases, the entry time affects the technological innovation, and VC investing in the mature stage of target firms generally implements the short-termism strategy, appearing to inhibit the technological innovation, while the shareholding ratio affects the innovation in a nonlinear form, with a pivotal point at an ratio of 21%; and (iii) in the postinvestment phases, the intervention of VC on optimizing the target firms' human capital structure forms its strategy, promoting a significant increase in the proportion of R&amp;D personnel or skilled labor, and promotes the technological innovation. On the whole, our findings provide an insight of how VC influences technological innovation, underscoring the relationship among investment strategy, firm characteristics, and innovation trajectory.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 2","pages":"1330-1343"},"PeriodicalIF":2.5,"publicationDate":"2024-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143120411","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
Athletes vs. Musicians: Perceptions and Preferences in Workplace Social Programs
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2024-11-27 DOI: 10.1002/mde.4418
J. Celse
{"title":"Athletes vs. Musicians: Perceptions and Preferences in Workplace Social Programs","authors":"J. Celse","doi":"10.1002/mde.4418","DOIUrl":"https://doi.org/10.1002/mde.4418","url":null,"abstract":"<div>\u0000 \u0000 <p>This paper investigates the intrinsic preferences for athletic versus musical events in the context of workplace social programs and explores the differing outcomes these events are perceived to generate. Empirical evidence consistently shows that individuals with athletic backgrounds are favoured in the job market, receiving better wages and benefits than their nonathlete counterparts because of stereotypes about their managerial qualities, stress handling and team spirit. In contrast, music participation is often undervalued, with musicians facing wage disparities and discrimination despite the cognitive and emotional benefits associated with music playing and listening. Through a vignette study, this research identifies that participants prefer athletes for events aimed at team cohesion and musicians for events designed to enhance creative skills. The findings highlight a type of job market discrimination based on preferences for workplace programs, emphasizing the role of stereotypes in shaping these preferences. The study contributes to the understanding of how workplace social programs are designed and the underlying biases that influence these decisions, offering insights into the mechanisms of job market discrimination and the potential for more inclusive program design that recognizes the value of both athletic and musical participation.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 2","pages":"1029-1039"},"PeriodicalIF":2.5,"publicationDate":"2024-11-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143120216","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
Bonding the Gap: Surety Bond Guarantee, Defaults, and Small Businesses 弥补差距:担保人债券担保、违约和小型企业
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2024-11-23 DOI: 10.1002/mde.4447
Pankaj C. Patel
{"title":"Bonding the Gap: Surety Bond Guarantee, Defaults, and Small Businesses","authors":"Pankaj C. Patel","doi":"10.1002/mde.4447","DOIUrl":"https://doi.org/10.1002/mde.4447","url":null,"abstract":"<div>\u0000 \u0000 <p>When small and medium-sized enterprises (SMEs) submit bids or tender proposals for projects, they often encounter difficulties in obtaining a surety bond, which is a financial guarantee from a third party that they will meet their contractual obligations. Drawing on transaction cost economics, this study focuses on a seldom-studied phenomenon of third-party bond surety programs available to small businesses. For each one-unit increase in the bond guarantee percentage the odds of default decrease, higher project amount or subcontracting exacerbates the odds of default, and geographic distance between the business and project site does not affect default. The effect sizes are practically meaningful, and the inferences are robust to alternate specifications.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 3","pages":"1437-1458"},"PeriodicalIF":2.5,"publicationDate":"2024-11-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143565406","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
An Applied Study of an Electric Vehicle Revenue Game Model Considering Graphene Battery Materials
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2024-11-23 DOI: 10.1002/mde.4444
Xia Wenhui, Xiao Tong, Xia Qianyin, Li Yuesi
{"title":"An Applied Study of an Electric Vehicle Revenue Game Model Considering Graphene Battery Materials","authors":"Xia Wenhui,&nbsp;Xiao Tong,&nbsp;Xia Qianyin,&nbsp;Li Yuesi","doi":"10.1002/mde.4444","DOIUrl":"https://doi.org/10.1002/mde.4444","url":null,"abstract":"<div>\u0000 \u0000 <p>In order to explain the development prospects and expected benefits of graphene battery material electric vehicles, we introduce electrical energy consumption and graphene battery material preference under the background of carbon trading and dual credit policy and use the Stackelberg game model to solve the optimal decision-making of the supply chain nodes under different production conditions and then study the social welfare accordingly. The results show that the dual credit policy and carbon trading policy can effectively regulate the production activities of enterprises. Graphene material has a large impact on the market, but its performance is not impressive. The trend of social welfare suggests that graphene materials have great potential.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 3","pages":"1424-1436"},"PeriodicalIF":2.5,"publicationDate":"2024-11-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143565405","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
Driving the Green Transformation of Enterprises: The Role of Patent Insurance
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2024-11-21 DOI: 10.1002/mde.4439
Junhao Zhong, Zhenzhen Wang, Yunfeng Deng
{"title":"Driving the Green Transformation of Enterprises: The Role of Patent Insurance","authors":"Junhao Zhong,&nbsp;Zhenzhen Wang,&nbsp;Yunfeng Deng","doi":"10.1002/mde.4439","DOIUrl":"https://doi.org/10.1002/mde.4439","url":null,"abstract":"<div>\u0000 \u0000 <p>We verified the effect of patent insurance policy implementation on corporate green transformation, using a dataset of Chinese-listed companies from 2007 to 2019. Using double/debiased machine learning and text analysis, we found that the pilot policy of patent insurance has a significant positive impact on the green transformation of enterprises. This effect is significant in heavily polluting industries, eastern regions, state-owned enterprises, and companies in a growth stage. The patent insurance pilot policy promotes corporate green transformation by alleviating financing constraints, reducing operational risks, and increasing green output.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 2","pages":"1373-1391"},"PeriodicalIF":2.5,"publicationDate":"2024-11-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143117854","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
Toward Environmental Efficiency: Analyzing the Impact of Green Innovation Initiatives in Enterprises
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2024-11-20 DOI: 10.1002/mde.4429
Yanjie Jiang, Xiaodi Ding, Jing Zhang
{"title":"Toward Environmental Efficiency: Analyzing the Impact of Green Innovation Initiatives in Enterprises","authors":"Yanjie Jiang,&nbsp;Xiaodi Ding,&nbsp;Jing Zhang","doi":"10.1002/mde.4429","DOIUrl":"https://doi.org/10.1002/mde.4429","url":null,"abstract":"<div>\u0000 \u0000 <p>Green innovation initiatives (GIIs) in enterprises showcase the potential to revolutionize operational efficiency by minimizing environmental impact. By adopting sustainable practices and eco-friendly technologies, businesses can streamline processes, reduce waste, and optimize resource utilization. The global imperative to address environmental challenges has fueled a rush forward in green innovation (GI) efforts within organizations. As enterprises navigate the path to sustainability, evaluating and enhancing the efficiency of GII become imperative for long-term viability in an increasingly eco-conscious marketplace. Therefore, this study investigates the effectiveness of GII within enterprises, aiming to assess their efficiency in promoting environmental sustainability. This investigation employed a questionnaire survey to collect primary data from a sample of 202 individuals. The data that were gathered was examined using SPSS statistical software. The findings reveal that GII in enterprises exhibit a notable improvement in overall performance. The result reveals that the allocation of resources for GI significantly affects the effectiveness of GII in enterprises. The study's novelty lies in assessing the effectiveness of GII in various organizations, providing a nuanced understanding of their impact on resource use, cost-effectiveness, and environmental performance. The findings indicate that the level of employee engagement significantly enhances the efficiency of GII in enterprises. Furthermore, the result clarifies that the economic conditions (ECs) significantly influence the level of investment in GI by enterprises.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 2","pages":"1206-1223"},"PeriodicalIF":2.5,"publicationDate":"2024-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143117450","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
Centralized Versus Decentralized R&D Within a Multiproduct Monopolistic Firm Under Research Spillovers
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2024-11-20 DOI: 10.1002/mde.4404
Doori Kim, Sang-Ho Lee, Vasileios Zikos
{"title":"Centralized Versus Decentralized R&D Within a Multiproduct Monopolistic Firm Under Research Spillovers","authors":"Doori Kim,&nbsp;Sang-Ho Lee,&nbsp;Vasileios Zikos","doi":"10.1002/mde.4404","DOIUrl":"https://doi.org/10.1002/mde.4404","url":null,"abstract":"<p>This study investigates the R&amp;D organizational structure of a multi-product monopolistic firm where the central office decides between centralized and decentralized R&amp;D under research spillovers. We demonstrate that decentralized R&amp;D becomes advantageous when the difference between monitoring and coordination costs is relatively high while products are sufficiently differentiated with lower spillovers. We also find that decentralized R&amp;D can yield higher social welfare under moderate spillovers and product differentiation conditions. Our findings underscore the governmental need for a nuanced approach in designing R&amp;D structures, considering the trade-offs between centralized and decentralized R&amp;D to align producer and consumer incentives.</p>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 2","pages":"795-809"},"PeriodicalIF":2.5,"publicationDate":"2024-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/mde.4404","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143117491","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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