Review of Managerial Science最新文献

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How the digital business ecosystem affects stakeholder satisfaction: its impact on business performance 数字商业生态系统如何影响利益相关者的满意度:对企业绩效的影响
IF 5.5 3区 管理学
Review of Managerial Science Pub Date : 2024-01-16 DOI: 10.1007/s11846-023-00720-2
{"title":"How the digital business ecosystem affects stakeholder satisfaction: its impact on business performance","authors":"","doi":"10.1007/s11846-023-00720-2","DOIUrl":"https://doi.org/10.1007/s11846-023-00720-2","url":null,"abstract":"<h3>Abstract</h3> <p>Due to the digital transformation, organizations have incorporated technologies in all areas of the company, creating digital business ecosystems. These in turn, with the tools that compose it, influence the satisfaction of stakeholders and business performance. The objective of this research is to know how the digital business ecosystem affects customer and employee satisfaction and whether this satisfaction has an impact on business performance. To achieve this objective, a model is proposed to which a PLS technique is applied to a sample of 1319 Spanish SMEs. The results of this innovative study show, on the one hand, a positive relationship of the digital business ecosystem with the satisfaction of both stakeholders, and, on the other hand, and as the main contribution of this study, it has been found that employee satisfaction positively influences business performance. This research offers a novel model capable of relating how the satisfaction of both customers and employees in a digital environment improves business performance. It also contributes to the literature by widening the field of study and overcomes a new gap for SMEs.</p>","PeriodicalId":20992,"journal":{"name":"Review of Managerial Science","volume":null,"pages":null},"PeriodicalIF":5.5,"publicationDate":"2024-01-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139476865","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Arbitrage and non-linear taxes 套利和非线性税收
IF 5.5 3区 管理学
Review of Managerial Science Pub Date : 2024-01-12 DOI: 10.1007/s11846-023-00721-1
{"title":"Arbitrage and non-linear taxes","authors":"","doi":"10.1007/s11846-023-00721-1","DOIUrl":"https://doi.org/10.1007/s11846-023-00721-1","url":null,"abstract":"<h3>Abstract</h3> <p>Incorporating a progressive income tax into an economic decision problem raises the question whether this tax does not create arbitrage opportunities. We investigate this problem in a riskless (multi-period) economy. With a convex tax function we identify a particular kind of arbitrage (called bounded arbitrage): In this case the gain achievable through arbitrage trade is limited and cannot reach infinity.We are able to give a complete characterisation based on prizes of the traded assets as to whether bounded as well as unbounded arbitrage opportunities will exist.</p>","PeriodicalId":20992,"journal":{"name":"Review of Managerial Science","volume":null,"pages":null},"PeriodicalIF":5.5,"publicationDate":"2024-01-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139461306","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
How does corporate social performance affect (prospective) employees? A systematic literature review of experimental studies 企业社会绩效如何影响(未来)员工?实验研究的系统文献综述
IF 5.5 3区 管理学
Review of Managerial Science Pub Date : 2024-01-10 DOI: 10.1007/s11846-023-00708-y
Nils Kruse
{"title":"How does corporate social performance affect (prospective) employees? A systematic literature review of experimental studies","authors":"Nils Kruse","doi":"10.1007/s11846-023-00708-y","DOIUrl":"https://doi.org/10.1007/s11846-023-00708-y","url":null,"abstract":"<p>There is a consensus between academics and practitioners that acquiring and maintaining a competitive workforce is key for corporate success. The claim that corporate social performance (CSP) can give companies a competitive edge in the competition for talent and affect the existing workforce positively has been a mantra repeated in many business textbooks. However, whether this claim, after 25 years after of burgeoning empirical research, still holds, ultimately remains an empirical question with far reaching consequences for businesses. This systematic literature review gives an overview of the development of the field and synthesizes the findings of experimental studies in order to understand <i>how</i>, <i>when</i>, and <i>why</i> CSP affects the behavior of job seekers and employees. Although finding that most of the empirical evidence suggests a positive causal effect of corporate social responsibility (CSR) on behaviors and attitudes of (prospective) employees, some studies demarcate boundary conditions that can compromise the stated effects. In addition to that, I identify three underdeveloped areas of inquiry potentially posing limitations to the current state of knowledge: There is (1) a lack of studies on corporate social irresponsibility (CSI) and adverse effects of CSR, (2) a geographic bias due to studies relying mostly on Europe and North American samples, and (3) a negligence of opportunity costs for CSP measures. Taken together this paper grants a more nuanced view for academics and practitioners alike.</p>","PeriodicalId":20992,"journal":{"name":"Review of Managerial Science","volume":null,"pages":null},"PeriodicalIF":5.5,"publicationDate":"2024-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139409166","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Robust mean-to-CVaR optimization under ambiguity in distributions means and covariance 在均值和协方差分布不明确的情况下进行稳健的均值-CVaR 优化
IF 5.5 3区 管理学
Review of Managerial Science Pub Date : 2024-01-05 DOI: 10.1007/s11846-023-00715-z
Somayyeh Lotfi, Stavros A. Zenios
{"title":"Robust mean-to-CVaR optimization under ambiguity in distributions means and covariance","authors":"Somayyeh Lotfi, Stavros A. Zenios","doi":"10.1007/s11846-023-00715-z","DOIUrl":"https://doi.org/10.1007/s11846-023-00715-z","url":null,"abstract":"<p>We develop a robust mean-to-CVaR portfolio optimization model under interval ambiguity in returns means and covariance. The robust model satisfies second-order stochastic dominance consistency and is formulated as a semi-definite cone program. We use two controlled experiments to document the sensitivity of the optimal allocations to the ambiguity when asset correlation varies, and to the ambiguity intervals. We find that means ambiguity has a higher impact than covariance ambiguity. We apply the model to US equities data to corroborate works showing that ambiguity in mean returns induces a home bias; it can explain the puzzle in a two-country setting but not with three countries. We further establish that covariance ambiguity also induces bias, but with lower impact that can not explain the puzzle. Our results suggest what is needed for the ambiguity channel to provide a full explanation of the puzzle. The findings are robust to alternative model specifications and outliers.</p>","PeriodicalId":20992,"journal":{"name":"Review of Managerial Science","volume":null,"pages":null},"PeriodicalIF":5.5,"publicationDate":"2024-01-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139373797","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Correction: The impact of psychological empowerment on innovative work behavior: a moderated mediation model of informal learning and proactive behavior 更正:心理授权对创新工作行为的影响:非正式学习与积极主动行为的调节中介模型
IF 5.5 3区 管理学
Review of Managerial Science Pub Date : 2023-12-29 DOI: 10.1007/s11846-023-00723-z
M. Zia, Tobias M. Huning, M. S. Ramish, Muhammad Naveed, Shiraz Ahmed
{"title":"Correction: The impact of psychological empowerment on innovative work behavior: a moderated mediation model of informal learning and proactive behavior","authors":"M. Zia, Tobias M. Huning, M. S. Ramish, Muhammad Naveed, Shiraz Ahmed","doi":"10.1007/s11846-023-00723-z","DOIUrl":"https://doi.org/10.1007/s11846-023-00723-z","url":null,"abstract":"","PeriodicalId":20992,"journal":{"name":"Review of Managerial Science","volume":null,"pages":null},"PeriodicalIF":5.5,"publicationDate":"2023-12-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139146070","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Technical efficiency in banks: a review of methods, recent innovations and future research agenda 银行的技术效率:方法回顾、最新创新和未来研究议程
IF 5.5 3区 管理学
Review of Managerial Science Pub Date : 2023-12-21 DOI: 10.1007/s11846-023-00707-z
Özlem O. Akdeniz, Hussein A. Abdou, Ali I. Hayek, Jacinta C. Nwachukwu, Ahmed A. Elamer, Chris Pyke
{"title":"Technical efficiency in banks: a review of methods, recent innovations and future research agenda","authors":"Özlem O. Akdeniz, Hussein A. Abdou, Ali I. Hayek, Jacinta C. Nwachukwu, Ahmed A. Elamer, Chris Pyke","doi":"10.1007/s11846-023-00707-z","DOIUrl":"https://doi.org/10.1007/s11846-023-00707-z","url":null,"abstract":"","PeriodicalId":20992,"journal":{"name":"Review of Managerial Science","volume":null,"pages":null},"PeriodicalIF":5.5,"publicationDate":"2023-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138949452","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Rethinking internationalization processes: toward a circular framework 反思国际化进程:建立循环框架
IF 5.5 3区 管理学
Review of Managerial Science Pub Date : 2023-12-12 DOI: 10.1007/s11846-023-00719-9
Elena Domínguez Romero, Susanne Durst, Antonio Navarro Garcia
{"title":"Rethinking internationalization processes: toward a circular framework","authors":"Elena Domínguez Romero, Susanne Durst, Antonio Navarro Garcia","doi":"10.1007/s11846-023-00719-9","DOIUrl":"https://doi.org/10.1007/s11846-023-00719-9","url":null,"abstract":"<p>Why should models and theories that have set images and boundaries of the internationalization process in the past remain constant over time within International Business research? Despite a recent emphasis on its nonlinear nature, many still view internationalization as a forward-moving process, overlooking its dynamic nature involving enter, re-enter, and exit decisions during the process. To discuss this issue, this paper rethinks the existing International Business literature to retain its explanatory power as an essential discipline by developing a circular framework to capture firms' non-linear internationalization process. The authors propose a circular framework with the decision-making process as the unit of analysis and four statuses: Enter, De-Internationalization, Re-Internationalization, and Operation Internationalized. The decision-making process guides firms through the statuses simultaneously or individually, in the same or a diverse temporal dimension. With this circular framework, the authors wish to contribute to future International Business research; research that can keep up with the “real” world.</p>","PeriodicalId":20992,"journal":{"name":"Review of Managerial Science","volume":null,"pages":null},"PeriodicalIF":5.5,"publicationDate":"2023-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138572196","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Why do firms fail? A new view on bankruptcy from the angle of top management team heterogeneity 公司为什么会倒闭?从高层管理团队异质性角度看破产的新观点
IF 5.5 3区 管理学
Review of Managerial Science Pub Date : 2023-12-07 DOI: 10.1007/s11846-023-00716-y
Michael Geulen, Andrea Greven, Denise Fischer-Kreer, Malte Brettel
{"title":"Why do firms fail? A new view on bankruptcy from the angle of top management team heterogeneity","authors":"Michael Geulen, Andrea Greven, Denise Fischer-Kreer, Malte Brettel","doi":"10.1007/s11846-023-00716-y","DOIUrl":"https://doi.org/10.1007/s11846-023-00716-y","url":null,"abstract":"<p>Avoiding bankruptcy is a crucial task for any firm’s top management team (TMT), and reasons for the failure to accomplish it have long been studied. While financial metrics can predict near-term bankruptcy, governance characteristics increase precision in the long term. With TMT heterogeneity, we introduce a powerful predictor for the critical time frame in between. Grounded in upper echelons theory, we argue that TMT age heterogeneity increases while heterogeneity in TMT pay and TMT functional backgrounds decreases the bankruptcy probability. We test our hypotheses using a unique dataset of large, public U.S. firms, about half of which filed for bankruptcy between 2001 and 2020. Our results support our research model and show how TMT heterogeneity significantly predicts bankruptcy. We contribute to both bankruptcy and strategic management research by underscoring the importance of TMT heterogeneity as a level of analysis when predicting bankruptcy and add to the ongoing discussion on the impact of TMT pay differences on firm performance. Additionally, we offer valuable insights to practitioners navigating their firms in times of crisis and to regulators shaping the insolvency statutes of the future.</p>","PeriodicalId":20992,"journal":{"name":"Review of Managerial Science","volume":null,"pages":null},"PeriodicalIF":5.5,"publicationDate":"2023-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138561766","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Exploring the link between family ownership and leverage: a mediating pathway through socioemotional wealth objectives 探索家族所有权和杠杆之间的联系:通过社会情感财富目标的中介途径
IF 5.5 3区 管理学
Review of Managerial Science Pub Date : 2023-12-05 DOI: 10.1007/s11846-023-00713-1
Fernando Muñoz-Bullón, Maria J. Sanchez-Bueno, Pilar Velasco
{"title":"Exploring the link between family ownership and leverage: a mediating pathway through socioemotional wealth objectives","authors":"Fernando Muñoz-Bullón, Maria J. Sanchez-Bueno, Pilar Velasco","doi":"10.1007/s11846-023-00713-1","DOIUrl":"https://doi.org/10.1007/s11846-023-00713-1","url":null,"abstract":"<p>This paper explores the relationship between family ownership and a firm’s leverage from the socioemotional wealth (SEW) theory. We propose that SEW objectives (i.e., family control, long-term horizon, and family firm reputation) might have a mediating effect on the family ownership-leverage link. In addition, we argue that an internal contingency—such as below aspiration performance—may moderate SEW’s influence on the family ownership-leverage relationship as a result of a shift in focus from non-economic to economic goals. Using a sample of European listed firms from 2011 to 2018, we find that the negative impact of family ownership on a firm’s leverage is mediated through SEW objectives. Moreover, our evidence suggests that a negative performance-aspiration gap weakens the mediating influence of these SEW objectives on leverage. Over all, our study reveals that SEW is a key channel which drives family firms’ reluctance to leverage.</p>","PeriodicalId":20992,"journal":{"name":"Review of Managerial Science","volume":null,"pages":null},"PeriodicalIF":5.5,"publicationDate":"2023-12-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138507413","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Green, green, it’s green they say: a conceptual framework for measuring greenwashing on firm level 他们说,绿色,绿色,就是绿色:这是一个在企业层面上衡量“漂绿”的概念框架
IF 5.5 3区 管理学
Review of Managerial Science Pub Date : 2023-12-02 DOI: 10.1007/s11846-023-00718-w
Gregor Dorfleitner, Sebastian Utz
{"title":"Green, green, it’s green they say: a conceptual framework for measuring greenwashing on firm level","authors":"Gregor Dorfleitner, Sebastian Utz","doi":"10.1007/s11846-023-00718-w","DOIUrl":"https://doi.org/10.1007/s11846-023-00718-w","url":null,"abstract":"<p>This paper proposes a conceptual framework to determine a greenwashing indicator on firm level, based on five pillars of information that capture the key drivers of greenwashing: soft ESG data, textual self-representation, green marketing expenses, green virtue for the apparent green performance, and hard ESG data as a measure of the real green performance. The proposed framework is built on a literature review of greenwashing typology and drivers and can be applied to a broad set of firms at the same time, while most existing approaches are built on a detailed investigation of individual cases. The greenwashing indicator in our framework is based on the difference between real and apparent green performance. This approach allows the implicit calculation of the real green performance using the concept of a firm misconduct factor that helps to identify the greenwashing indicator without knowledge of the real (and often hard to measure) green performance of a firm.</p>","PeriodicalId":20992,"journal":{"name":"Review of Managerial Science","volume":null,"pages":null},"PeriodicalIF":5.5,"publicationDate":"2023-12-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138507424","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","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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