{"title":"Effects of Uniform Capacity Constraints on Quantity–Quality Competition","authors":"Pu-yan Nie","doi":"10.1002/mde.4522","DOIUrl":"https://doi.org/10.1002/mde.4522","url":null,"abstract":"<div>\u0000 \u0000 <p>This article highlights quality and quantity competition with capacity constraints under different theoretical scenarios. We capture the effects on equilibrium by first-mover strategies and capacity constraints under Cournot and Stackelberg competitions, respectively. Our major findings are as follows. First, under a Stackelberg case, market share differences decrease with increased total resources. Second, the first-mover firm always produces higher quality products and earns more profits under duopoly conditions. Third, consumer surplus under the Cournot case is less than those under the Stackelberg case. Fourth, social welfare increases with increased total resources in both cases, though it is more significant under a Cournot competition than under a Stackelberg competition.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 5","pages":"3189-3199"},"PeriodicalIF":2.5,"publicationDate":"2025-03-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144213911","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":"Administrative Approval Reform and Firm Green Innovation: Evidence From China","authors":"Chu Li, Ni Hong","doi":"10.1002/mde.4526","DOIUrl":"https://doi.org/10.1002/mde.4526","url":null,"abstract":"<div>\u0000 \u0000 <p>This study investigates the impact of China's administrative approval reform on firm green innovation using a difference-in-differences (DID) approach with data from 24,981 firm-year observations of Chinese listed manufacturing firms from 2000 to 2023. The reform, characterized by establishing administrative approval centers, significantly enhances firm green innovation, as measured by the number of green patent applications. Robustness checks, including alternative measures of green innovation and instrumental variable analysis, confirm the positive effect. Mechanism tests reveal that the reform primarily promotes green innovation by alleviating firm financing constraints, rather than enhancing market competition or curbing management short-termism. The findings underscore the importance of reducing institutional transaction costs and easing financing constraints to foster green innovation, thereby offering insights for policymakers to promote sustainable development through institutional reforms.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 5","pages":"3212-3225"},"PeriodicalIF":2.5,"publicationDate":"2025-03-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144213915","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":"Trapped by AI Recommendation: How Identity Concerns Reduce Variety-Seeking Behavior","authors":"Zelin Tong, Huilin Liu, Jingdan Feng, Wei Wang, Huizhi Wu, Jilv Xu","doi":"10.1002/mde.4524","DOIUrl":"https://doi.org/10.1002/mde.4524","url":null,"abstract":"<div>\u0000 \u0000 <p>This research explores the impact of AI recommendations on consumers' variety-seeking behavior. Through three studies, we examine how AI recommendations in different contexts, such as music and shopping apps, influence consumers' variety-seeking behavior. The results consistently show that AI recommendation significantly reduces variety-seeking behavior among consumers with strong identification due to heightened concerns about AI misclassification. In contrast, consumers with weak identification remain unaffected. These findings reveal a potential dark side of AI recommendation, where consumers' desire to maintain a consistent identity leads them to engage less in diverse explorations, thereby intensifying the creation of information cocoons. Our research contributes to the literature by highlighting the psychological mechanisms underlying consumer responses to AI recommendations and underscores the need for a balanced approach in AI personalization strategies.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 5","pages":"3200-3211"},"PeriodicalIF":2.5,"publicationDate":"2025-03-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144213912","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":"Revisiting the Fiscal Policy–Income Inequality Nexus in Sub-Saharan Africa: Does Institutional Quality Matter?","authors":"Olufemi G. Onatunji","doi":"10.1002/mde.4517","DOIUrl":"https://doi.org/10.1002/mde.4517","url":null,"abstract":"<p>The growing imperative to attain equitable income distribution has compelled international organizations and the academic community to make a collaborative commitment towards alleviating the escalating income inequality experienced worldwide. While there has been a notable development of interest among scholars regarding the nexus between fiscal policy and income inequality, the empirical scrutiny on the contributing role of fiscal policy and institutional quality remains scant in the literature. The present study complements the existing literature by investigating the tripartite nexus between fiscal policy, institutional quality, and income inequality in SSA, which has received no empirical attention in the literature. This study utilizes an advanced econometric technique, the cross-sectional autoregressive distributed lag (CS-ARDL) approach, which addresses cross-sectional dependency and heterogeneity issues for the panel dataset during 1990–2015. The empirical results demonstrate that economic growth, population growth, and government tax exacerbate income inequality, whereas education, government expenditure, and institutional quality metrics mitigate income inequality in SSA countries in the short and long run. The findings also indicate that the performance of institutional quality settings in SSA is significant for fostering efficient fiscal policy, thus improving equitable income distribution. These findings offer substantial, valuable insights and policy implications for policymakers in SSA, which may inform the design and formulation of sustainable development strategies to achieve equitable income distribution.</p>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 5","pages":"3172-3188"},"PeriodicalIF":2.5,"publicationDate":"2025-03-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/mde.4517","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144213914","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":"Selection of Live-Streaming Sales Methods for the Manufacturer and Streamer: The Role of the MCN Institution","authors":"Gaoke Wu, Wensheng Yang, Xinru Hou, Mengze Chen","doi":"10.1002/mde.4480","DOIUrl":"https://doi.org/10.1002/mde.4480","url":null,"abstract":"<div>\u0000 \u0000 <p>To cater to consumer shopping habits and stimulate demand, manufacturers increasingly sell products through live streaming. However, challenges remain in selecting the most suitable live-streaming sales model. Additionally, it is also worth paying attention to whether the streamer chooses to sign with multi-channel network (MCN) institutions. Based on this, we have studied three live streaming sales methods: manufacturer-exclusive live streaming, unsigned streamer live streaming, and signed streamer live streaming. Firstly, the supply chain system involving the manufacturer, streamer, MCN institution, and live-streaming platform was constructed. Secondly, equilibrium results were obtained under different methods, and an analysis was conducted on the strategic choices and preferences of various parties regarding live-streaming sales methods. Finally, we further consider the manufacturer's strategy choices when facing streamers with different traffic levels and discuss the pure commission model in this research. The main findings are as follows: (i) The key to achieving the win-win situation for the manufacturer and streamer lies in the slot fee compensation coefficient, the sharing ratio charged by the MCN institution, and the streamer's salary. (ii) The MCN institution should appropriately reduce the sharing ratio to achieve cooperation with the manufacturer and streamer. (iii) The manufacturer will opt for the pure commission model only when the additional commission in this model is lower than the slot fee in the traditional commission model.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 4","pages":"2540-2561"},"PeriodicalIF":2.5,"publicationDate":"2025-03-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143944616","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":"The Impact of Enterprise Digital Transformation on ESG Performance: Evidence from China","authors":"Hong Zhang, Jiehua Liu, He Jiang","doi":"10.1002/mde.4525","DOIUrl":"https://doi.org/10.1002/mde.4525","url":null,"abstract":"<div>\u0000 \u0000 <p>Beyond improving financial performance, enterprise digital transformation (EDT) also contributes to social and environmental well-being. This study aims to investigate the impact and mechanism of EDT on environmental, social, and governance (ESG) performance and applies fixed-effects model to regress the panel data of Chinese listed companies from 2009 to 2022. We find that EDT promotes ESG performance by optimizing internal controls and improving the information disclosure quality, with blockchain contributing more prominently. This positive effect is more significant among enterprises that are state-owned, larger, and polluting. Further analysis shows that EDT improves ESG performance leads to enterprise value increase and financing constraint alleviation. Our findings guide governments to actively promote EDT, facilitate green and low-carbon transitions, and incentivize enterprise ESG practices.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 5","pages":"3157-3171"},"PeriodicalIF":2.5,"publicationDate":"2025-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144213989","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":"Coordination of Risk-Averse Behaviors in a Green Supply Chain-to-Chain Competition","authors":"Zhen Chen, Kaveh Khalilpour, Rui Zhao","doi":"10.1002/mde.4523","DOIUrl":"https://doi.org/10.1002/mde.4523","url":null,"abstract":"<div>\u0000 \u0000 <p>This research investigates the coordination of risk-averse behaviors among members in green supply chain-to-chain competition. We establish models encompassing member rationality, manufacturer risk aversion, cost-sharing contracts, and revenue-sharing contracts, providing the optimal equilibrium results for each scenario. This paper compares the effectiveness of cost-sharing versus revenue-sharing contracts, finding that risk-averse behavior diminishes profits, with total profits falling below those achieved under member rationality. Both contract types can facilitate coordination, but the revenue-sharing contract proves more effective. Under the revenue-sharing contract, wholesale and retail prices decrease, product greenness enhances, and profits for manufacturers, retailers, and the entire supply chain increase.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 5","pages":"3142-3156"},"PeriodicalIF":2.5,"publicationDate":"2025-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144213990","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}
Andreas Engelen, Oliver Schilke, Verena Rieger, Michael Engels
{"title":"A Temporally Contingent View of Dynamic Managerial Capabilities","authors":"Andreas Engelen, Oliver Schilke, Verena Rieger, Michael Engels","doi":"10.1002/mde.4513","DOIUrl":"https://doi.org/10.1002/mde.4513","url":null,"abstract":"<div>\u0000 \u0000 <p>This article contributes to research on dynamic managerial capabilities, which examines managerial impact on firms' strategic change. Specifically, we study the role of managerial social capital—a key underpinning of dynamic managerial capabilities—in organizations' strategic change. We propose a temporally contingent account that elucidates how the fitness of dynamic managerial capabilities unfolds across life cycle stages and varying degrees of change pressures. We start by testing our theoretical model using data on 20,593 individuals in 5522 new ventures over a period of 5 years. A key insight from our quantitative analysis is that dynamic managerial capabilities are particularly valuable during convergent periods, when both external pressures to accomplish strategic change and inertial forces are increasing. Our subsequent interpretivist study, aimed at elaborating the mechanisms underlying the social capital-funding effect, reveals that the types of resources and strategic changes spurred by social capital differ markedly across time. Overall, our paper enriches dynamic capabilities scholarship by highlighting that the effects of these capabilities are substantially time-variant.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 5","pages":"3123-3141"},"PeriodicalIF":2.5,"publicationDate":"2025-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144214145","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":"Legitimacy Building in Entrepreneurial Ecosystems—A Process Perspective for Sustainable Entrepreneurs","authors":"Felix Toepler, Vivek Velamuri","doi":"10.1002/mde.4518","DOIUrl":"https://doi.org/10.1002/mde.4518","url":null,"abstract":"<p>The integration of legitimacy in entrepreneurial ecosystem theory is under-researched, resulting in scholarly vagueness about how entrepreneurs acquire resources. Our qualitative study with 31 (co-)founders of startups following the triple bottom line investigates entrepreneurs' daily practices for building legitimacy in entrepreneurial ecosystems. We identify that entrepreneurs follow a sequential process to build legitimacy: 1) <i>engaging and assimilating with culture</i>, 2) <i>establishing and utilizing networks</i>, 3) <i>enhancing visibility</i>, and 4) <i>leveraging the sustainable mission</i>. Following this sequential process builds different levels of legitimacy. Each level grants access to resources from the entrepreneurial ecosystem. We contribute to the scholarly conversation on legitimacy in entrepreneurial ecosystems and provide practical implications for entrepreneurs.</p>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 5","pages":"3087-3105"},"PeriodicalIF":2.5,"publicationDate":"2025-03-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/mde.4518","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144214070","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}
Jun Li, Ying Wang, Shizhi Liang, Peng Zhou, Ao Zhang
{"title":"Does the National Big Data Comprehensive Experimental Zone Pilot Policy Effectively Promote the ESG Performance of Firms? Evidence From Listed Firms in China","authors":"Jun Li, Ying Wang, Shizhi Liang, Peng Zhou, Ao Zhang","doi":"10.1002/mde.4521","DOIUrl":"https://doi.org/10.1002/mde.4521","url":null,"abstract":"<div>\u0000 \u0000 <p>Enhancing firms' ESG performance has become an important issue for promoting sustainable economic development. Nowadays, the application of big data technology may have a significant impact on firms' ESG performance, but research in this area remains relatively insufficient. Based on the quasi-natural experiment of the national big data comprehensive experimental zone pilot policy (NBDCEZs) in China, this study employs panel data from 1383 Chinese nonfinancial listed firms from 2009 to 2022. We utilize the difference-in-differences (DID) method to explore the impact of big data development on ESG performance. The results indicate that the implementation of the NBDCEZs has a significant positive effect on enhancing firms' ESG performance. The mechanism analysis suggests that the policy effectively improves firms' ESG performance by strengthening information disclosure quality and alleviating financing constraints. Additionally, the heterogeneity analysis finds that the positive effects of big data development are more pronounced in state-owned firms, firms with higher financial risk, and regions with lower levels of informatization. This study provides insights for policymakers and business decision-makers on promoting sustainable development in the era of the digital economy.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 5","pages":"3106-3122"},"PeriodicalIF":2.5,"publicationDate":"2025-03-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144214068","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}