Managerial and Decision Economics最新文献

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How Do Firms' Innovation Failures Affect the Quality of Subsequent Innovations? The Contingency Role of Knowledge Breadth and Depth
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2024-11-08 DOI: 10.1002/mde.4431
Guocai Chen, Jing Xiao, Tongying Liang
{"title":"How Do Firms' Innovation Failures Affect the Quality of Subsequent Innovations? The Contingency Role of Knowledge Breadth and Depth","authors":"Guocai Chen,&nbsp;Jing Xiao,&nbsp;Tongying Liang","doi":"10.1002/mde.4431","DOIUrl":"https://doi.org/10.1002/mde.4431","url":null,"abstract":"<div>\u0000 \u0000 <p>Drawing on organizational learning theory and knowledge-based view, this study investigates the relationship between firms' innovation failures and the quality of subsequent innovations. We find an inverted U-shaped relationship between innovation failures and the quality of subsequent innovations. We theoretically decompose the curvilinear effects of innovation failures on the quality of subsequent innovations into two underlying counteracting forces: the positive impact of learning from innovation failures (LFIF) and the negative impact of survival pressures. Furthermore, firms' knowledge breadth and depth flatten the inverted U-shaped curve. Our findings reveal the risks and benefits of LFIF.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 2","pages":"1245-1264"},"PeriodicalIF":2.5,"publicationDate":"2024-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143113444","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
Differential Game Analysis of Carbon Emission Reduction Effect and Price Strategy Considering Government Intervention and Manufacturer Competition
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2024-11-08 DOI: 10.1002/mde.4425
Hongxia Sun, Jinzhou Liu, Linlin Zhang
{"title":"Differential Game Analysis of Carbon Emission Reduction Effect and Price Strategy Considering Government Intervention and Manufacturer Competition","authors":"Hongxia Sun,&nbsp;Jinzhou Liu,&nbsp;Linlin Zhang","doi":"10.1002/mde.4425","DOIUrl":"https://doi.org/10.1002/mde.4425","url":null,"abstract":"<div>\u0000 \u0000 <p>Governments and enterprises are paying more and more attention to carbon emissions. Considering the dynamic of carbon emissions reduction (CER) and the government intervention, this study discusses the optimal CER effort level, price, and government intervention intensity in a two-echelon supply chain consisting of a government and two manufacturers. The two manufacturers have two competitive behaviors: Cournot and Stackelberg. Two differential game models are constructed for the two different behaviors, and the optimal decisions under the two models are obtained. The comparisons of these optimal solutions are analyzed, and the influence of some parameters on the optimal solution in the two models is investigated under two scenarios. Furthermore, the optimal government intervention intensity is obtained with the goal of maximizing government utility. The results show that the Stackelberg game allows manufacturers to achieve higher profits and CER but is disadvantageous to consumers, and the manufacturer as the leader has a first-mover advantage. Fierce market competition leads to greater CER and profits, but higher prices reduce consumer surplus. Larger penalties can promote enterprises to reduce carbon emissions when carbon emissions are large. Compared with the Cournot behavior game, the Stackelberg allows manufacturers to obtain higher profits and CER, but the prices are higher that are detrimental for consumers. The fierce market competition is good for manufacturers, the environment, and the society, but it reduces the consumer surplus. The low CER efficiency causes high costs and reduces the manufacturer's motivation to CER, which harm the environment and reduce profits. The government intervention is negatively correlated with the intensity of market competition and the sensitivity of manufacturers to policies.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 2","pages":"1146-1166"},"PeriodicalIF":2.5,"publicationDate":"2024-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143113106","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
Board Cultural Diversity and Nonperforming Loans: What Role Does Boardroom Gender Diversity Play?
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2024-11-05 DOI: 10.1002/mde.4414
Rim Boussaada, Abdelaziz Hakimi, Majdi Karmani
{"title":"Board Cultural Diversity and Nonperforming Loans: What Role Does Boardroom Gender Diversity Play?","authors":"Rim Boussaada,&nbsp;Abdelaziz Hakimi,&nbsp;Majdi Karmani","doi":"10.1002/mde.4414","DOIUrl":"https://doi.org/10.1002/mde.4414","url":null,"abstract":"<div>\u0000 \u0000 <p>In this paper, we examine the effect of board cultural diversity (BCD) on European banks nonperforming loans (NPLs) and whether boardroom gender diversity (BGD) moderates the BCD-NPLs relationship. We used a sample of 75 banks in 20 European countries from 2011 to 2022. The System Generalized Method of Moment was performed as an econometric approach. We find that greater BCD increases NPLs and BGD moderates the BCD-NPLs relationship. The sensitivity analysis results indicate that only large banks benefit from an interaction between BGD and BCD because it lowers the NPLs ratio. Our results are robust to alternative econometric methods.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 2","pages":"965-979"},"PeriodicalIF":2.5,"publicationDate":"2024-11-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143112373","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 Perception of Policy Uncertainty and the Labor Income Share of Firms: Empirical Research Based on Double Machine Learning
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2024-11-04 DOI: 10.1002/mde.4416
Guiming Liao, Zheli Hu, Zhichen Yang, Qianlin Yin, Jiahui Chen
{"title":"The Perception of Policy Uncertainty and the Labor Income Share of Firms: Empirical Research Based on Double Machine Learning","authors":"Guiming Liao,&nbsp;Zheli Hu,&nbsp;Zhichen Yang,&nbsp;Qianlin Yin,&nbsp;Jiahui Chen","doi":"10.1002/mde.4416","DOIUrl":"https://doi.org/10.1002/mde.4416","url":null,"abstract":"<div>\u0000 \u0000 <p>Based on the double machine learning model, this study examines the impact of perception of policy uncertainty (PPU) on labor income share (LIS). We find that PPU negatively influences LIS. Mechanism test indicates that PPU not only results in a reduction in fixed asset investment, distorting human capital structure, but leads to a financing dilemma for firms, ultimately exerting a detrimental effect on LIS. Additionally, PPU primarily diminishes LIS of ordinary employees rather than executives. Furthermore, the inhibitory effect of PPU on LIS is significantly more pronounced in firms characterized by smaller union scales and those operating within monopolistic industries.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 2","pages":"999-1011"},"PeriodicalIF":2.5,"publicationDate":"2024-11-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143111889","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
Industrial Robots, Factor Market Distortion, and Productivity
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2024-11-04 DOI: 10.1002/mde.4422
Shaojian Chen, Dingyun Duan, Hua Wang
{"title":"Industrial Robots, Factor Market Distortion, and Productivity","authors":"Shaojian Chen,&nbsp;Dingyun Duan,&nbsp;Hua Wang","doi":"10.1002/mde.4422","DOIUrl":"https://doi.org/10.1002/mde.4422","url":null,"abstract":"<div>\u0000 \u0000 <p>We find that robot adoption significantly increases firm-level TFP, but factor market distortion hinders the promotion effect of robot adoption on firm-level TFP. Mechanism analysis reveals that the cost-saving and labor productivity improvements brought about by industrial robot application stimulate market entry by new firms and elevate the exit risk for incumbent enterprises. This dynamic intensifies competition, resulting in an enhanced market environment that contributes to firm-level TFP. However, factor market distortions impede the survival of the fittest among firms and stifle the competitive effects of market entry and exit. This ultimately leads to sluggish growth in firm-level TFP.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 2","pages":"1093-1107"},"PeriodicalIF":2.5,"publicationDate":"2024-11-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143111888","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
Artificial Intelligence and the Development of “Specialized, Refined, Unique, and Innovative” Small- and Medium-Sized Enterprises
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2024-11-03 DOI: 10.1002/mde.4407
Baizhen Zhang, Biyu Peng
{"title":"Artificial Intelligence and the Development of “Specialized, Refined, Unique, and Innovative” Small- and Medium-Sized Enterprises","authors":"Baizhen Zhang,&nbsp;Biyu Peng","doi":"10.1002/mde.4407","DOIUrl":"https://doi.org/10.1002/mde.4407","url":null,"abstract":"<div>\u0000 \u0000 <p>“Specialized, Refined, Unique, and Innovative” (SRUI) enterprises are a crucial part of the national innovation system and play a significant role in enhancing national core competitiveness by leveraging strengths and addressing weaknesses. Given the limited quantitative analysis on the productivity of SRUI enterprises in the academic field, this paper constructs an enterprise-level artificial intelligence index based on text analysis and machine learning. Using panel data from 2018 to 2022, we investigate the impact of artificial intelligence on the productivity of SRUI small- and medium-sized enterprises (SMEs). The research findings indicate that (1) artificial intelligence significantly enhances the productivity of SRUI SMEs, and for each one standard deviation increase in artificial intelligence, the productivity level of SRUI enterprises will increase by 6.82%. (2) Mechanism tests reveal that artificial intelligence improves productivity by optimizing labor structure, improving labor resource allocation, stimulating endogenous motivation and innovation vitality within enterprises, and enhancing management level and investment efficiency. (3) Heterogeneity analysis indicates that at the regional level, artificial intelligence significantly boosts the productivity of enterprises with well-developed network infrastructure and robust intellectual property protection systems. At the industry level, AI has a more pronounced effect on the productivity of technology-intensive and competitive industries. Additionally, we also find that the impact of AI on productivity is more significant in enterprises with younger executive teams and executives with digital and intelligent education backgrounds. This study expands the research scope of productivity and provides valuable insights for the government to optimize digital economy policies and for enterprises to formulate digital innovation strategies.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 2","pages":"843-861"},"PeriodicalIF":2.5,"publicationDate":"2024-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143111489","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
Factors Influencing the Bid-Winning of Respondents in the Context of Crowdsourcing
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2024-11-03 DOI: 10.1002/mde.4426
Yanjing Xu, Yue Lu
{"title":"Factors Influencing the Bid-Winning of Respondents in the Context of Crowdsourcing","authors":"Yanjing Xu,&nbsp;Yue Lu","doi":"10.1002/mde.4426","DOIUrl":"https://doi.org/10.1002/mde.4426","url":null,"abstract":"<div>\u0000 \u0000 <p>This article takes crowdsourcing as the research background, collects secondary data from the Yipin Freelancer website, constructs panel data of “respondent–date,” and uses the research framework of the elaboration likelihood model (ELM) to study the key factors influencing the bid-winning probability of respondents. The study found that for the central path, there is a nonlinear inverted U-shaped relationship between the respondents' success experience and skill diversity and the bid-winning probability. For the peripheral path of task settings, the study found that a larger task bonus, more bonus recipients, and longer task deadlines are beneficial for respondents to win bids successfully. Finally, this article discusses the theoretical and practical significance of the research.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 2","pages":"1167-1173"},"PeriodicalIF":2.5,"publicationDate":"2024-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143111491","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
Efficiency and Super-Efficiency in the CRO Industry, 2012–2021: A Two-Stage Exploration
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2024-10-31 DOI: 10.1002/mde.4405
Ricardo F. Díaz, Blanca Sanchez-Robles
{"title":"Efficiency and Super-Efficiency in the CRO Industry, 2012–2021: A Two-Stage Exploration","authors":"Ricardo F. Díaz,&nbsp;Blanca Sanchez-Robles","doi":"10.1002/mde.4405","DOIUrl":"https://doi.org/10.1002/mde.4405","url":null,"abstract":"<p>This paper explores the productivity of contract research organizations (CROs) by computing and exploring efficiency and super-efficiency data envelopment analysis (SDEA) scores for a sample of companies over 2012–2021. Main findings suggest that CRO efficiency and super-efficiency is high and has increased more than 25% over 2012–2021. The top positions in the rankings according to efficiency are not limited to a few companies; in contrast, many firms in the sample are able to reach a top position in at least one concept of efficiency, suggesting the high degree of rivalry and competition in this industry. A second-stage preliminary analysis of variables associated with efficiency suggests that best performers implement a sound human capital policy, with controlled costs. Moreover, they also have a careful short-term cash-flow management, with brief collection periods. Big and small firms outperform the rest of the companies, suggesting the presence of increasing returns and niche advantages in some stages of the supply chain. Finally, results suggest that the COVID pandemic had an asymmetric impact on CROs, affecting positively only large CROs.</p>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 2","pages":"810-831"},"PeriodicalIF":2.5,"publicationDate":"2024-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/mde.4405","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143121479","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
Game Analysis of Customers' Participation in New Product Conceptions Selection Based on Separation Sequential Equilibrium
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2024-10-30 DOI: 10.1002/mde.4409
Jingzhi Cao, Haiquan Wu
{"title":"Game Analysis of Customers' Participation in New Product Conceptions Selection Based on Separation Sequential Equilibrium","authors":"Jingzhi Cao,&nbsp;Haiquan Wu","doi":"10.1002/mde.4409","DOIUrl":"https://doi.org/10.1002/mde.4409","url":null,"abstract":"<div>\u0000 \u0000 <p>Customer participation in new product development (NPD) has various advantages and disadvantages, research has proven that its beneficial factors are more in the early stages. The key in the initial phase of NPD is to understand the real needs of customers. In recent years, research in this field has been done mainly through questionnaires or data mining. However, most of the research have ignored the fact that customer preferences are private information and the influence of different customer groups on their willingness to participate. Because the selection of new product ideas takes place in the early stages of NPD and the degree of advance of customers is also an important parameter that indicates their willingness to cooperate in NPD activities, this paper will study the mechanism of private transfer of customers. Preferences will be considered in the selection phase of NPD concepts and their top grade. Results showed that the leading customers have reasonable motivation to participate in new product development, and advanced customers are more willing to express their product viewpoints.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 2","pages":"879-890"},"PeriodicalIF":2.5,"publicationDate":"2024-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143121391","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
Demand Information Forecasting and Sharing in a Remanufacturing Closed-Loop Supply Chain
IF 2.5 3区 经济学
Managerial and Decision Economics Pub Date : 2024-10-30 DOI: 10.1002/mde.4420
Meiling Zhou, Pin Zhou, Yuqing Xia, Xianpei Hong
{"title":"Demand Information Forecasting and Sharing in a Remanufacturing Closed-Loop Supply Chain","authors":"Meiling Zhou,&nbsp;Pin Zhou,&nbsp;Yuqing Xia,&nbsp;Xianpei Hong","doi":"10.1002/mde.4420","DOIUrl":"https://doi.org/10.1002/mde.4420","url":null,"abstract":"<div>\u0000 \u0000 <p>We delve into the incorporation of demand information forecasting and the subsequent information sharing in a closed-loop supply chain (CLSC). We consider the competition between an original equipment manufacturer (OEM) and an independent remanufacturer (IR). The OEM autonomously determines whether to forecast demand information and further considers whether to disseminate the realized demand signal to the IR. We find that the IR adopts either a partial- or a full-remanufacturing strategy to compete with the OEM. The OEM shares negative demand signals with the IR, as such signals decrease the retail prices and increase the production quantity of all-new products. Additionally, the sharing of negative demand signals helps alleviate the cannibalization effect caused by the introduction of remanufactured products. When examining the optimal sharing strategy in equilibrium, the OEM only invests in forecasting demand if the forecasting cost is relatively low. Furthermore, the numerical studies reveal that, in equilibrium, the OEM does not necessarily benefit from possessing more precise demand information. Additionally, we assess the influence of consumers' environmental awareness on the production decisions of both companies. The findings indicate that heightened environmental awareness prompts the IR to adopt a full-remanufacturing strategy, and the information management strategies remain robust.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 2","pages":"1062-1077"},"PeriodicalIF":2.5,"publicationDate":"2024-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143121390","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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