Thunderbird International Business Review最新文献_第2页

Financial Stability and Digitalization: Does Financial Inclusion Matter? Baron and Kenny's Approach Analysis 金融稳定与数字化：普惠金融重要吗？Baron和Kenny的方法分析

IF 2.9

Thunderbird International Business Review Pub Date : 2026-10-06 Epub Date: 2025-12-15 DOI: 10.1002/tie.70072

Inès Gharbi, Aïda Kammoun

{"title":"Financial Stability and Digitalization: Does Financial Inclusion Matter? Baron and Kenny's Approach Analysis","authors":"Inès Gharbi, Aïda Kammoun","doi":"10.1002/tie.70072","DOIUrl":"https://doi.org/10.1002/tie.70072","url":null,"abstract":"<div>\u0000 \u0000 <p>This paper aims to investigate the mediating role of financial inclusion in the relationship between digitalization and financial stability. To test the hypotheses of the present study, the authors performed linear regressions on panel data from the World Bank, the Financial Access Survey (FAS), and the World Governance Indicators (WGIs) database, covering the period from 2004 to 2023 and a sample of 84 countries. The results show that digital services increase financial stability within the sample. Furthermore, the authors found that financial inclusion partially mediates this relationship. To ensure the reliability of our results, we used the generalized method of moments (GMMs) to verify whether the relationship between digitalization and financial stability differs according to the level of financial inclusion. These findings have important implications for academics, practitioners, and regulators who are interested in digitalization, financial inclusion, and stability as major challenges for ethical and responsible finance. They also provide insights into future growth opportunities for countries. To the authors' knowledge, this is the first study to examine the mediating role of financial inclusion in the relationship between digital practices and financial stability. While several studies have closely examined the causal links between digitalization, inclusion, and stability, none have clearly and empirically proven the mediating role of financial inclusion between digitalization and financial stability.</p>\u0000 </div>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"68 6","pages":"859-874"},"PeriodicalIF":2.9,"publicationDate":"2026-10-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149100195","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

FDI and Performance: A Comparative Analysis Between Emerging and Developed Economies 外国直接投资与经济绩效：新兴经济体与发达经济体的比较分析

IF 2.9

Thunderbird International Business Review Pub Date : 2026-10-06 Epub Date: 2025-11-26 DOI: 10.1002/tie.70063

Cintya Lanchimba, Mamadou Ndione

{"title":"FDI and Performance: A Comparative Analysis Between Emerging and Developed Economies","authors":"Cintya Lanchimba, Mamadou Ndione","doi":"10.1002/tie.70063","DOIUrl":"https://doi.org/10.1002/tie.70063","url":null,"abstract":"<p>This study investigates the nuanced relationship between foreign direct investment (FDI) and firm performance, addressing the heterogeneity of FDI's impact across countries with different levels of development. While FDI is widely recognized as a catalyst for economic growth, technology transfer, and enhanced competitiveness, particularly in developing economies, its effects remain contingent on the host country's specific context. Drawing on the theory of systemic competitiveness, this research examines how institutional, economic, and cultural factors shape the influence of FDI on firm performance. The selection of Nigeria, Ghana, and France as case studies enables a comparative analysis that contrasts the role of FDI in driving structural transformation in developing African economies with its function in market consolidation and technological partnerships in a developed European context. By differentiating the impact of FDI according to the level of development, this study seeks to enrich the existing literature, deepen understanding of the systemic dynamics of competitiveness, and offer relevant managerial and policy implications for optimizing the benefits of FDI across diverse national environments.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"68 6","pages":"715-725"},"PeriodicalIF":2.9,"publicationDate":"2026-10-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/tie.70063","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149100549","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Maximizing the Economic, Environmental, and Social Impact of the Metaverse 最大限度地提高虚拟世界的经济、环境和社会影响

IF 2.9

Thunderbird International Business Review Pub Date : 2026-08-07 Epub Date: 2025-08-07 DOI: 10.1002/tie.70027

Alessandro Lanteri, Mark Esposito, Massimiliano Cappuccio

{"title":"Maximizing the Economic, Environmental, and Social Impact of the Metaverse","authors":"Alessandro Lanteri, Mark Esposito, Massimiliano Cappuccio","doi":"10.1002/tie.70027","DOIUrl":"https://doi.org/10.1002/tie.70027","url":null,"abstract":"<p>The metaverse is a transformative digital ecosystem with the potential to redefine economic, environmental, and social systems. This qualitative study examines how the metaverse and its enabling technologies—such as AR/VR, blockchain, and AI—might evolve to influence sustainability. Drawing on semi-structured interviews with global experts and a thematic analysis of qualitative data, the paper identifies key opportunities and challenges associated with the metaverse. Findings highlight the metaverse's ability to promote innovation through decentralized economies and to empower creators, while enabling resource optimization and carbon reduction via virtualization. However, significant obstacles—such as energy demands, profit-driven motives, and systemic barriers in the Global South—threaten to exacerbate inequities and undermine sustainability. Several urgent strategic interventions are needed to address these challenges, including a global governance framework, multi-stakeholder collaboration, equitable infrastructure development, strategies to mitigate risks such as cybersecurity threats and misinformation, green technology investments, and user education.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"68 5","pages":"677-690"},"PeriodicalIF":2.9,"publicationDate":"2026-08-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/tie.70027","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148695760","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Environmental and Climate Impacts of the Metaverse 超宇宙对环境和气候的影响

IF 2.9

Thunderbird International Business Review Pub Date : 2026-08-07 Epub Date: 2025-08-05 DOI: 10.1002/tie.70025

Mark Esposito, Daphne Halkias, Jordi Diaz, Terence Tse

{"title":"Environmental and Climate Impacts of the Metaverse","authors":"Mark Esposito, Daphne Halkias, Jordi Diaz, Terence Tse","doi":"10.1002/tie.70025","DOIUrl":"https://doi.org/10.1002/tie.70025","url":null,"abstract":"<div>\u0000 \u0000 <p>This paper explores the environmental and climate impacts of Metaverse technologies and their social implications. Current literature predominantly discusses the potential positive and negative effects of the Metaverse on the environment and climate change but lacks practical solutions. This integrative literature review aims to provide a deeper understanding of the Metaverse's impact on environmental sustainability and climate, offer solutions to mitigate negative impacts, and examine the social implications. The review is grounded in Dwivedi et al.'s three concepts: energy consumption by digital technologies, CO<sub>2</sub> emissions from data use, and the environmental effects of e-waste. The research methodology is an integrative literature review design, analyzing multiple sources for a comprehensive understanding. Findings highlight five critical impact areas: energy consumption, e-waste, rare earth metals and conflict minerals, changes in physical travel, and encouraging sustainable behaviors. The review emphasizes the importance of renewable resources, recycling, inclusivity, and collaboration to mitigate negative impacts. The implications of these findings may influence the development, adoption, regulation, and social impact of Metaverse technologies. Future research should include experimental studies on energy sources and hardware solutions, along with replication and comparative case studies of sustainability interventions.</p>\u0000 </div>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"68 5","pages":"641-658"},"PeriodicalIF":2.9,"publicationDate":"2026-08-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148695757","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Building Metaverse-Ready Businesses: Insights From Global Literacy Trends 构建面向超环境的企业：来自全球扫盲趋势的见解

IF 2.9

Thunderbird International Business Review Pub Date : 2026-08-07 Epub Date: 2025-08-03 DOI: 10.1002/tie.70028

Patrick D. Lynch, Katelyn A. Lynch, Omar Shanti

引用次数: 0

The Role of the Metaverse in Shaping the Future of Business Innovation 元宇宙在塑造未来商业创新中的作用

IF 2.9

Thunderbird International Business Review Pub Date : 2026-08-07 Epub Date: 2025-08-02 DOI: 10.1002/tie.70026

Hamady Dia

引用次数: 0

Marketing Luxury Fashion in the Metaverse: The Case of Gucci Town on Roblox 虚拟世界中的奢侈时尚营销：以《Roblox》上的Gucci Town为例

IF 2.9

Thunderbird International Business Review Pub Date : 2026-08-07 Epub Date: 2025-08-04 DOI: 10.1002/tie.70024

Jinju Heo

{"title":"Marketing Luxury Fashion in the Metaverse: The Case of Gucci Town on Roblox","authors":"Jinju Heo","doi":"10.1002/tie.70024","DOIUrl":"https://doi.org/10.1002/tie.70024","url":null,"abstract":"<div>\u0000 \u0000 <p>The luxury fashion industry is increasingly investing in digital technologies associated with the Metaverse to attract younger consumers traditionally difficult to engage. However, academic research exploring how luxury brands leverage the Metaverse for marketing remains scarce. This paper examines how Gucci utilized the gaming platform Roblox to market products in its virtual environment, Gucci Town. Anchored in the diffusion of innovations, the theory of embodied social presence, and the SPICE conceptual model, this qualitative case study reviews secondary data sources, including business reports, archival data, and narratives describing Gucci's digital strategy. Findings show that the Metaverse enables Gucci to expand its presence affordably and boost brand awareness among younger audiences. Gucci's participation exemplifies how luxury brands must adopt this digital transformation to craft compelling value propositions aligned with emerging market capabilities. The study highlights the potential of the Metaverse to redefine luxury, blending traditional exclusivity and identity with the interactive value proposition of a digital ecosystem. Practical implications suggest luxury brands should prioritize strategic partnerships and skill development to navigate the Metaverse effectively. Future research is recommended to investigate further intersections between luxury fashion, technology companies, sustainability practices, and talent retention within Metaverse ventures.</p>\u0000 </div>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"68 5","pages":"631-639"},"PeriodicalIF":2.9,"publicationDate":"2026-08-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148696094","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Alms Tax (Zakat) Law Intricacies: An Institutional and Governance-Based Analysis 施舍税（天课）法律的复杂性：基于制度和治理的分析

IF 3.2

Thunderbird International Business Review Pub Date : 2026-06-07 Epub Date: 2025-10-29 DOI: 10.1002/tie.70053

Saeed Awadh Bin-Nashwan

{"title":"Alms Tax (Zakat) Law Intricacies: An Institutional and Governance-Based Analysis","authors":"Saeed Awadh Bin-Nashwan","doi":"10.1002/tie.70053","DOIUrl":"https://doi.org/10.1002/tie.70053","url":null,"abstract":"<div>\u0000 \u0000 <p>The complexity of alms tax laws (zakat) in many Muslim countries has created challenges for effective implementation and compliance. This study empirically investigates the determinants of alms tax law intricacies, focusing on institutional credibility and administrative efficiency, with corporate governance as a moderating factor. Grounded in agency theory and institutional theory, the study posits that misalignment between regulators and administrators, coupled with weak institutional structures, increases regulatory complexity. The findings indicated that higher institutional credibility and efficient administrative processes significantly reduce alms tax law intricacies. Moreover, corporate governance strengthens these relationships by enhancing oversight, accountability, and alignment between principals and agents. The results offer practical insights for policymakers and zakat institutions, suggesting that reinforcing institutional trust, streamlining administrative procedures, and implementing robust governance mechanisms can simplify alms tax regulations and improve compliance outcomes in the Islamic context.</p>\u0000 </div>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"68 4","pages":"501-516"},"PeriodicalIF":3.2,"publicationDate":"2026-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148193926","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Power Governance and Knowledge Transfer: An Asymmetric Evolutionary Game Analysis of Reverse Cross-Border M&A Integration 权力治理与知识转移：逆向跨国并购整合的非对称演化博弈分析

IF 3.2

Thunderbird International Business Review Pub Date : 2026-06-07 Epub Date: 2025-10-22 DOI: 10.1002/tie.70051

Yihua Wu

{"title":"Power Governance and Knowledge Transfer: An Asymmetric Evolutionary Game Analysis of Reverse Cross-Border M&A Integration","authors":"Yihua Wu","doi":"10.1002/tie.70051","DOIUrl":"https://doi.org/10.1002/tie.70051","url":null,"abstract":"<div>\u0000 \u0000 <p>This study examines the trade-off between control and autonomy in reverse cross-border mergers and acquisitions (M&As). It theorizes how different post-merger integration (PMI) strategies shape knowledge-transfer dynamics between emerging-market parents and advanced-economy subsidiaries. Drawing on evolutionary game theory as a foundation, we develop an asymmetric model that captures the co-evolution of governance behaviors between parents and subsidiaries. To assess the robustness of this model, we employ simulation-based validation techniques. The analysis demonstrates that governance decisions by the parent firm play a pivotal role in determining the evolutionary outcome of the knowledge-transfer game, leading to the emergence of two distinct types of dynamically stable equilibria: (1) structural integration coupled with subsidiary resistance, and (2) autonomy-granting coupled with subsidiary cooperation. Furthermore, when the efficiency loss in knowledge transfer is lower than the management and knowledge-loss costs associated with structural integration, autonomy granting yields superior long-term outcomes; otherwise, the system converges on a suboptimal but stable low-efficiency state. The study identifies threshold effects related to absorptive capacity, knowledge acquisition, and transfer efficiency, and highlights governance as a central mechanism for shaping post-acquisition knowledge flows. The findings contribute to advancing the theory of PMI by establishing a correlation between strategic integration choices and dynamic patterns of learning, cooperation, and long-term value creation.</p>\u0000 </div>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"68 4","pages":"473-485"},"PeriodicalIF":3.2,"publicationDate":"2026-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148193971","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Metaverse E-Commerce: Path From Hype to Reality 虚拟电子商务：从炒作到现实的道路

IF 3.2

Thunderbird International Business Review Pub Date : 2026-06-07 Epub Date: 2025-11-07 DOI: 10.1002/tie.70054

Kirti Sood, Sahil Raj, Sanjay Gupta

{"title":"Metaverse E-Commerce: Path From Hype to Reality","authors":"Kirti Sood, Sahil Raj, Sanjay Gupta","doi":"10.1002/tie.70054","DOIUrl":"https://doi.org/10.1002/tie.70054","url":null,"abstract":"<div>\u0000 \u0000 <p>As digital landscapes evolve from Web 3.0 to immersive metaverse platforms, a transformative impact is being felt across sectors, particularly in e-commerce. The Metaverse combines virtual and physical retail experiences, creating an environment where customers can browse, interact, and make purchases in simulated 3D environments. This study aims to assess the key criteria and sub-criteria that influence users' willingness to adopt metaverse technology in e-commerce (MTE). To understand user intention toward MTE adoption, two well-recognized theoretical models were applied: the Extended Unified Theory of Acceptance and Use of Technology (UTAUT2) and Social Cognitive Theory (SCT). Nine criteria and 30 sub-criteria were derived from these models, refined with expert consultation. Data gathered through a structured expert survey and evaluated using the Fuzzy Analytic Hierarchy Process (F-AHP) The study's findings indicated that hedonic motivation (HM) is the leading criterion that influences users' intentions for the adoption of MTE, followed by affect (AF), price value (PV), effort expectancy (EE), anxiety (AN), performance expectancy (PE), and self-efficacy (SE). Contrarily, social influence (SI) and facilitating conditions (FC) are the lagging criteria. The most influential sub-criteria that affect users' adoption of MTE are enjoyment, fun, pleasure, reasonable price, resemblance, and excellent service at a reasonable price. However, enhancing user productivity is the least influential sub-criterion. The findings offer actionable insights for e-commerce platforms and retailers by identifying the key factors that most significantly enhance user engagement and technology adoption in Metaverse-based retailing. These insights can help firms design immersive, user-friendly, and cost-effective virtual shopping environments.</p>\u0000 </div>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"68 4","pages":"517-537"},"PeriodicalIF":3.2,"publicationDate":"2026-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148193885","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0