{"title":"Insurance and Industrialisation Nexus in the Gulf of Guinea: The Role of Institutional Strength","authors":"Obumneke Bob Muoneke, Kingsley Ikechukwu Okere","doi":"10.1002/mde.70050","DOIUrl":"https://doi.org/10.1002/mde.70050","url":null,"abstract":"<div>\u0000 \u0000 <p>Despite the prolonged use of external sources of finance, the financing gap for industrialisation in Africa, especially for countries along the Gulf of Guinea, is still enormous amidst numerous episodes of shocks to external sources of finance. This study investigates the influence of institutional strength on the relationship between insurance and industrialisation in 13 countries situated along the Gulf of Guinea. The results consistently show the negative impact of insurance activities on industrialisation across all distribution levels, particularly for countries in the upper quantile. The results from the interaction analysis show that institutional quality in the Gulf of Guinea countries is insufficient to mitigate the negative effect of insurance activities on industrialisation. All stakeholders in the government and the financial system should prioritise floating low-risk and credible debt instruments (insurance premiums) to increase the stock of finance available to induce industrialisation within the region.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"47 2","pages":"554-565"},"PeriodicalIF":2.7,"publicationDate":"2025-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146155172","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":"Manufacturer's Channel Strategy in Live Streaming Commerce: Two Business Models","authors":"Zhen Liu, Qiang Guo, Jiajia Nie, Lu Wu","doi":"10.1002/mde.70055","DOIUrl":"https://doi.org/10.1002/mde.70055","url":null,"abstract":"<div>\u0000 \u0000 <p>Live commerce allows manufacturers to sell products directly to a broad online audience while engaging multichannel networks (MCNs) in promotions. This study investigates two strategic models for manufacturers: vertically integrating an MCN or collaborating with one. Considering the herd effect and the risk of consumer–product mismatch in livestream shopping, we formulate a Stackelberg game model that includes a manufacturer, a retailer, and an MCN. The results show that the effect of the return rate and commission rate on the manufacturer's profit is nonmonotonic. Under the integration model, livestream selling favors the manufacturer when the associated costs are low. In the collaboration model, the manufacturer is incentivized to introduce a less efficient livestream channel. This strategy serves a dual purpose: it constrains the revenue captured by the MCN and leverages inter-channel competition to strengthen the manufacturer's control over the retail channel. Our analysis establishes that the two livestreaming models have distinct applicability conditions. A key finding is that the manufacturer may lack the incentive to integrate the MCN, even when it incurs no cost. This analysis provides valuable insights for manufacturers devising their entry strategy into the livestreaming e-commerce sector.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"47 2","pages":"541-553"},"PeriodicalIF":2.7,"publicationDate":"2025-11-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146154744","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":"Can Green Labeling Foster the Green Transformation of Manufacturing? Evidence From China's Green Factory Certification","authors":"Tan Liu, Yichao Liu","doi":"10.1002/mde.70049","DOIUrl":"https://doi.org/10.1002/mde.70049","url":null,"abstract":"<div>\u0000 \u0000 <p>Green factories, as the central component of the green manufacturing system, represent a critical institutional mechanism for driving the green transformation of the manufacturing sector. This study systematically evaluates the impact of green factory certification on firms' green total factor productivity (GTFP) using data from manufacturing companies listed on the Shanghai and Shenzhen A-shares between 2012 and 2023, employing a multiperiod difference-in-differences model. The findings indicate that the green factory certification policy significantly enhances firms' GTFP, thereby facilitating the green transformation of the manufacturing industry. This conclusion remains robust after conducting several robustness checks, including parallel trend tests, Bacon decomposition, and machine learning techniques. Mechanism analysis reveals that the policy drives improvements in GTFP by alleviating financing constraints, stimulating green technological innovation, and enhancing the quality of environmental information disclosure. Heterogeneity analysis further demonstrates that the policy has a more pronounced effect in high-pollution industries, whereas its impact is relatively weaker for firms with stronger market bargaining power or political ties. Additionally, the moderating effect analysis reveals that well-established internal corporate governance and external societal supervision can significantly enhance the policy's effectiveness. The study provides empirical evidence and policy recommendations to optimize the green manufacturing policy framework, improve policy precision, and enhance green performance.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"47 2","pages":"488-506"},"PeriodicalIF":2.7,"publicationDate":"2025-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146155113","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}
Baah Aye Kusi, Emmanuel Senanu Mekpor, Stephen Antwi, Jonas Ladime
{"title":"Political Elections and Banking Efficiency in an African Emerging Economy: A Bank Ownership Decomposition Approach","authors":"Baah Aye Kusi, Emmanuel Senanu Mekpor, Stephen Antwi, Jonas Ladime","doi":"10.1002/mde.70051","DOIUrl":"https://doi.org/10.1002/mde.70051","url":null,"abstract":"<div>\u0000 \u0000 <p>This study investigates how elections affect banking efficiency in an African emerging economy (Ghana), by inferring from the political choice theory and further decoupling the ownership effects of elections on diverse efficiency proxies. The study employs Tobit regression models and instrumental variable models (Tobit and fixed effect) as robustness models with year control effects for 29 banks between 2000 and 2020. While banking efficiency in the forms of technical, pure-technical, scale, cost, allocative, and revenue is measured using DEA across private, state, listed, unlisted, domestic, and foreign banks, election is measured as a dummy. The study reveals that elections significantly lower banking efficiencies. However, the reducing effect of elections varies across types of banking efficiency indicators and ownership structures. Specifically, while elections adversely affect technical, cost, scale, allocative, and revenue efficiencies of banks, private, state, unlisted, listed, and foreign banks were mostly affected. These suggest that the decline in banking efficiencies during electioneering periods is attributable to political, policy, and fiscal uncertainties and differs significantly depending on bank ownership and efficiency types. While the study presents significant insights, future studies may investigate the effect of elections in phases to include the pre-, during-, and post-election phases to understand the temporal dynamics of election effects in other emerging economies other than Ghana. The results explain the need for political stability and transparency, fostered by electoral and policy reforms, to ensure continuity and a reduction in election-related inefficiencies. Also, bank managers must recognize and factor elections into their efficiency decision-making. To the best of our knowledge, this study is the first to provide empirical evidence on how elections affect the diverse array of banking efficiencies across different ownership types and nature in an African emerging economy context.</p>\u0000 </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"47 2","pages":"507-522"},"PeriodicalIF":2.7,"publicationDate":"2025-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146148204","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}