Managerial and Decision Economics最新文献_第6页

The Impact of Cross-Border E-Commerce on Urban Entrepreneurial Activity: Evidence From Cross-Border E-Commerce Comprehensive Pilot Zones 跨境电子商务对城市创业活动的影响：来自跨境电子商务综合试验区的证据

IF 2.7 3区经济学

Managerial and Decision Economics Pub Date : 2026-03-09 Epub Date: 2025-12-05 DOI: 10.1002/mde.70060

Kai Sun, Xin Zhong, Ding Xiong

{"title":"The Impact of Cross-Border E-Commerce on Urban Entrepreneurial Activity: Evidence From Cross-Border E-Commerce Comprehensive Pilot Zones","authors":"Kai Sun, Xin Zhong, Ding Xiong","doi":"10.1002/mde.70060","DOIUrl":"https://doi.org/10.1002/mde.70060","url":null,"abstract":"<div>\u0000 \u0000 <p>Entrepreneurial activity is a key indicator of regional economic vitality and innovation capacity. Against the backdrop of accelerating digital economic development, cross-border e-commerce (CBEC), as a new form of international trade, is not only reshaping the global trade landscape but also injecting new momentum into regional entrepreneurship. This study exploits the phased rollout of China's CBEC Comprehensive Pilot Zones as a quasi-natural experiment. It constructs a multi-period difference-in-differences model using panel data of 286 prefecture-level cities from 2008 to 2021 to evaluate the policy's impact on urban entrepreneurial activity and explore potential mechanisms. The empirical results show that, first, the CBEC policy significantly promotes the growth of new firm creation and exhibits robust positive effects. Second, mechanism analysis reveals that the policy operates through four main channels: digital empowerment of traditional industries, venture capital agglomeration, high-skilled talent attraction, and enhancement of high-end manufacturing product exports. Third, heterogeneity analysis indicates that the policy effect is more pronounced in inland, peripheral, and resource-based cities, and that non-state-owned enterprises and technology-intensive sectors benefit more significantly. This study enriches the analytical framework of digital trade and entrepreneurship, deepens the understanding of the economic effects of CBEC policy, and provides empirical evidence to support regional entrepreneurship policymaking in the context of institutional opening-up.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"47 3","pages":"670-687"},"PeriodicalIF":2.7,"publicationDate":"2026-03-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147563105","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

Industry Expert Independent Directors and Corporate Innovation 行业专家独立董事与企业创新

IF 2.7 3区经济学

Managerial and Decision Economics Pub Date : 2026-03-09 Epub Date: 2025-12-05 DOI: 10.1002/mde.70059

Xingquan Yang, Hongxi Gong

{"title":"Industry Expert Independent Directors and Corporate Innovation","authors":"Xingquan Yang, Hongxi Gong","doi":"10.1002/mde.70059","DOIUrl":"https://doi.org/10.1002/mde.70059","url":null,"abstract":"<div>\u0000 \u0000 <p>Innovation represents the source of a company's core competitiveness. Using the data on China's A-share listed companies from 2010 to 2022, this study examines whether and how industry expert independent directors influence corporate innovation. Based on the dual-function view of independent directors, we find that industry expert independent directors promote both the quantity and quality of innovation while mitigating the patent bubble problem by reducing agency costs and optimizing the allocation of innovation resources, thereby fulfilling their dual role in monitoring and resource provision. The positive impact of industry expert independent directors on innovation is particularly pronounced in non-state-owned enterprises and those located in eastern China. This effect is further amplified when these directors possess an educational background, political connections, academician status, a high activity level, and higher reputational capital. Additionally, while promoting both the quantitative and qualitative growth of innovation, industry expert independent directors can effectively promote the transformation of innovation into real productivity and improve the total factor productivity of firms. This paper provides decision-making references for firms in formulating innovation strategies and selecting independent directors.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"47 3","pages":"647-669"},"PeriodicalIF":2.7,"publicationDate":"2026-03-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147563107","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

Digitalization-Enabled Resilience During the COVID-19 Pandemic: Evidence From Tourism Enterprises 2019冠状病毒病大流行期间的数字化复原力：来自旅游企业的证据

IF 2.7 3区经济学

Managerial and Decision Economics Pub Date : 2026-03-09 Epub Date: 2025-12-19 DOI: 10.1002/mde.70072

Xijia Huang, Haibin Wu, Dashan Liu, Xinchen Liu, Lisi Yang

{"title":"Digitalization-Enabled Resilience During the COVID-19 Pandemic: Evidence From Tourism Enterprises","authors":"Xijia Huang, Haibin Wu, Dashan Liu, Xinchen Liu, Lisi Yang","doi":"10.1002/mde.70072","DOIUrl":"https://doi.org/10.1002/mde.70072","url":null,"abstract":"<div>\u0000 \u0000 <p>The COVID-19 pandemic and associated social distancing policies significantly challenged the organizational resilience of enterprises, especially those belonging to the contact-intensive services. For enterprises whose business models traditionally rely on face-to-face interaction, whether—and through which mechanisms—digitalization can mitigate such vulnerability remains underexplored. Using the high-frequency stock data of China's A-share listed tourism enterprises and an observation window of almost 3 years when China's strict pandemic prevention and control policies took effect, this paper finds that digitalization significantly enhances organizational resilience during the COVID-19 pandemic, reflected in less stock price damage after the shock. The boost effect is more pronounced in for enterprises located in regions with high government attention to tourism and digital payment levels as well as non-SOEs. Besides, only artificial intelligence and big data analytics technologies in digitalization play a positive role in the resilience of tourism enterprises. Further mechanism analysis suggests that digitalization enhances the resilience of tourism enterprises through reducing supply chain concentration, increasing investor attention, and facilitating access to syndicated bank loans. These findings underscore the importance of digitalization in enabling contact-intensive enterprises to withstand and recover from external disruptions, offering valuable insights for both theoretical advancement and practical application in crisis management.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"47 3","pages":"707-722"},"PeriodicalIF":2.7,"publicationDate":"2026-03-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147567197","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

Membership-Based Price Welfare Strategies in Retail Platforms: Coupons Versus Discounts 零售平台基于会员的价格福利策略：优惠券vs折扣

IF 2.7 3区经济学

Managerial and Decision Economics Pub Date : 2026-03-09 Epub Date: 2026-01-05 DOI: 10.1002/mde.70074

Qi Zhang, Guohao Li, Zhengyu Bai, Xuanzhi Yang

{"title":"Membership-Based Price Welfare Strategies in Retail Platforms: Coupons Versus Discounts","authors":"Qi Zhang, Guohao Li, Zhengyu Bai, Xuanzhi Yang","doi":"10.1002/mde.70074","DOIUrl":"https://doi.org/10.1002/mde.70074","url":null,"abstract":"<div>\u0000 \u0000 <p>In recent years, platform-led paid membership programs have become a popular marketing strategy. We develop a three-stage Stackelberg game model including a platform, a third-party seller, and heterogeneous consumers and investigate two membership strategies in the online retail platform: coupon strategy or discount strategy. We find that the coupon strategy is more effective in stimulating market demand, while the discount strategy can extract more consumer surplus through price discrimination. Moreover, regardless of the discount rate, when the platform sets a small (large) coupon denomination, the retail price, the seller's profit, membership cost, and membership fee under the coupon strategy are all lower (higher) than those under the discount strategy. Interestingly, the moderate coupon denomination gives the seller and the platform more flexible profitability, specifically through low retail price and membership cost, allowing sellers and platforms to earn high profit and membership fee, respectively. Furthermore, we show that when the platform sets a high commission, it is optimal for the platform to adopt the coupon strategy; when the platform sets a low commission and there is a large proportion of nonmembers in the market, it is optimal to adopt the discount strategy. Otherwise, the platform should not implement membership strategies. Our research provides inspiration and insights for retail platforms to implement membership programs.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"47 3","pages":"779-802"},"PeriodicalIF":2.7,"publicationDate":"2026-03-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147563183","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

Developing China's Real Economy: Efficiency Evaluation and Resource Allocation of Financial Services 发展中国实体经济：金融服务效率评价与资源配置

IF 2.7 3区经济学

Managerial and Decision Economics Pub Date : 2026-03-09 Epub Date: 2025-12-22 DOI: 10.1002/mde.70071

Ce Guo, Linda L. Zhang, Qiwei Xie

{"title":"Developing China's Real Economy: Efficiency Evaluation and Resource Allocation of Financial Services","authors":"Ce Guo, Linda L. Zhang, Qiwei Xie","doi":"10.1002/mde.70071","DOIUrl":"https://doi.org/10.1002/mde.70071","url":null,"abstract":"<div>\u0000 \u0000 <p>Unlike the available studies focusing on either the regional or corporate level, in this study, we examine financial service at the industry level, in hope of better developing China's real economy. In our data envelopment analysis-based approach, we first evaluate the efficiency of available financial services in different industries contributing to China's real economy. Subsequently, based on the efficiency evaluation results we optimize financial resource allocation, this alleviating misallocations in the real economy. We demonstrate our approach using data pertaining to financial services in 16 major industries in China. The results highlight significant differences in the efficiency of financial services in different industries. Several industries, such as the information transmission, computer services and software industry, and the education industry, have higher financial service efficiencies, while other industries, for example, the transportation, warehousing, and postal services industry, the wholesale and retail industry, have lower efficiencies. Regarding this, it is necessary to optimize financial resource allocation to improve financial services. In addition, we point out that excess financial resources (e.g., stock trading volume, loans) should be reallocated from, for example, the construction and manufacturing industries to others, including the agriculture, forestry, animal husbandry, and fishery industry and the mining industry. Our results also reveal that the shortage of certain financial resources seriously affects the financial service efficiency. Based on the results, we offer policy recommendations to facilitate financial service improvement. For instance, Chinese government should make efforts to promote collaborative development among industries and to reduce the financial service efficiency gap in different industries.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"47 3","pages":"740-755"},"PeriodicalIF":2.7,"publicationDate":"2026-03-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147567679","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 Technology Finance Policy on Entrepreneurial Activities—An Empirical Study Based on a Spatial DID Model 科技金融政策对创业活动的影响——基于空间DID模型的实证研究

IF 2.7 3区经济学

Managerial and Decision Economics Pub Date : 2026-03-09 Epub Date: 2025-12-05 DOI: 10.1002/mde.70052

Shen Zhong, Siyu Li, Chaoliang Han

{"title":"The Impact of Technology Finance Policy on Entrepreneurial Activities—An Empirical Study Based on a Spatial DID Model","authors":"Shen Zhong, Siyu Li, 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}

引用次数: 0

Strategic Blockchain Adoption and Supply Chain Finance: A Game-Theoretic Approach With Risk Aversion Analysis 战略并购与供应链金融：一个带有风险规避分析的博弈论方法

IF 2.7 3区经济学

Managerial and Decision Economics Pub Date : 2026-03-09 Epub Date: 2025-12-16 DOI: 10.1002/mde.70069

Jing Huang, Jun Ma, Yiliu Tu

{"title":"Strategic Blockchain Adoption and Supply Chain Finance: A Game-Theoretic Approach With Risk Aversion Analysis","authors":"Jing Huang, Jun Ma, 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}

引用次数: 0

Platform-Induced Category Encroachment: Impact on Manufacturer's Quality Disclosure 平台诱导的品类侵占：对制造商质量信息披露的影响

IF 2.7 3区经济学

Managerial and Decision Economics Pub Date : 2026-03-09 Epub Date: 2025-12-28 DOI: 10.1002/mde.70073

Jiao Zhang, Tianjian Yang, Yu Zhang

引用次数: 0

IF 2.7 3区经济学

Managerial and Decision Economics Pub Date : 2026-03-01

引用次数: 0

IF 2.7 3区经济学

Managerial and Decision Economics Pub Date : 2026-03-01

引用次数: 0