Eurasian Business Review最新文献_第2页

CEO age and firm innovation: evidence from IT industry in Korea 首席执行官年龄与企业创新：来自韩国 IT 行业的证据

IF 3.5 3区管理学

Eurasian Business Review Pub Date : 2024-04-13 DOI: 10.1007/s40821-024-00262-x

Jeongdae Yim, Minju Kang

引用次数: 0

Family ownership, control, and firm performance: Does gender diversity matter? 家族所有权、控制权和公司业绩：性别多样性重要吗？

IF 3.5 3区管理学

Eurasian Business Review Pub Date : 2024-03-21 DOI: 10.1007/s40821-024-00256-9

{"title":"Family ownership, control, and firm performance: Does gender diversity matter?","authors":"","doi":"10.1007/s40821-024-00256-9","DOIUrl":"https://doi.org/10.1007/s40821-024-00256-9","url":null,"abstract":"<h3>Abstract</h3> This study investigates the influence of family ownership and family control on firm performance while considering the moderating effect of gender diversity. Utilising a dataset of 226 nonfinancial firms listed on Pakistan Stock Exchange spanning from 2008 to 2019, the paper employs the Generalized Method of Moments (GMM) estimation to test the proposed hypotheses. Additionally, the paper uses ordinary least squares regression (OLS) analysis, industry-adjusted measures of firm performance, difference-in-difference (DID) estimation, and Blau and Shannon index to confirm the results. The findings indicate that family ownership and control positively affect firm performance. This relationship is further enhanced by the presence of female directors on the board. Using the agency theory and stewardship theory frameworks, the paper delves into the dynamics of agency conflict and family owner behavior within family firms, highlighting the role of gender-diverse boards. Overall, the analysis reveals that family owners, motivated by a strong attachment to their businesses and a desire to preserve socio-emotional wealth, tend to adopt a stewardship role, thereby mitigating principal-principal conflicts within our sample firms. The study contributes to the literature on family businesses by elucidating the behavior of such firms within an emerging economy context and revealing the role of gender diversity in the presence of family ownership. The findings suggest useful implications for investors regarding the positive influence of family owners on firm performance and underscore the importance for policymakers to prioritize female career development and professional growth. This, in turn, can yield economic benefits through the integration of female directors in boardrooms, thereby reducing agency costs and enhancing overall governance structures within firms.","PeriodicalId":51741,"journal":{"name":"Eurasian Business Review","volume":"31 1","pages":""},"PeriodicalIF":3.5,"publicationDate":"2024-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140203524","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

In a world of Open Finance, are customers willing to share data? An analysis of the data-driven insurance business 在开放金融的世界里，客户愿意共享数据吗？对数据驱动型保险业务的分析

IF 3.5 3区管理学

Eurasian Business Review Pub Date : 2024-03-18 DOI: 10.1007/s40821-024-00263-w

Laura Grassi

{"title":"In a world of Open Finance, are customers willing to share data? An analysis of the data-driven insurance business","authors":"Laura Grassi","doi":"10.1007/s40821-024-00263-w","DOIUrl":"https://doi.org/10.1007/s40821-024-00263-w","url":null,"abstract":"In the financial system, the customers’ willingness to share their data is pivotal, because otherwise, banks and insurance companies are powerless to build on customer data. The key step now is to understand whether there is such willingness and what form it takes. In this study, we investigate how willing customers are to share various kinds of data (on physical health, home, driving style, travel, family, social networks) with their insurance company, in return for different rewards (customised products and services, reduced insurance claims risk and insurance premiums adjusted to personal habits and behaviour). Applying the privacy calculus framework to 1501 responses in a web-based survey, we found that rewards, especially when financial, such as insurance premium benefits, play a pivotal role in driving customer decisions about sharing data. Furthermore, customers associate the data they are asked to share with different levels of privacy, influencing their willingness to share. We also found that, when customers are asked to share various kinds of data in return for different rewards, their own personal innovativeness comes into play. Our findings suggest that, in the data-driven insurance business, different rewards offered in return for specific types of data could help companies minimise the “data acquisition cost” and maximise the data collected. In the era of open data, insurers can explore the many opportunities for segmentation, but new kinds of financial exclusion could emerge, resulting in potential biases and thus misinterpretations should analytics and artificial intelligence models be built upon these premises.","PeriodicalId":51741,"journal":{"name":"Eurasian Business Review","volume":"143 1","pages":""},"PeriodicalIF":3.5,"publicationDate":"2024-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140153384","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 is economics the only discipline with so many curves going up and down? There is an alternative 为什么经济学是唯一一门有如此多曲线上升和下降的学科？有一种替代方法

IF 3.5 3区管理学

Eurasian Business Review Pub Date : 2024-02-29 DOI: 10.1007/s40821-024-00253-y

Giovanni Dosi

{"title":"Why is economics the only discipline with so many curves going up and down? There is an alternative","authors":"Giovanni Dosi","doi":"10.1007/s40821-024-00253-y","DOIUrl":"https://doi.org/10.1007/s40821-024-00253-y","url":null,"abstract":"Even the most rudimentary training from Economics 101 starts with demand curves going down and supply curves going up. They are so ‘natural’ that they sound even more obvious than the Euclidian postulates in mathematics. But are they? What do they actually mean? Start with “demand curves”. Are they hypothetical ‘psychological constructs’ on individual preferences? Propositions on aggregation over them? Reduced forms of actual dynamic proposition of time profiles of prices and demanded quantities? Similar considerations apply to “supply curves” The point here, drawing upon the chapter by Kirman and Dosi, in Dosi (Dosi, Foundations of Complex Evolving Economies Innovation, Organization and Industrial Dynamics, Oxford University Press, 2023), is that the forest of demand and supply curves is basically there to populate the analysis with double axiomatic notions of equilibria, both ‘in the head’ of individual agents, and in environments in which they operate. Supply and demand “curves”, I am arguing, are one of the three major methodological stumbling blocks on the way of progress in economics, the other related ones being ‘utility functions’ and ‘production functions’. There is an alternative: represent markets and industries how they actually works, and model them both via fully fledged Agent Based Models and via lower dimensional dynamical systems.","PeriodicalId":51741,"journal":{"name":"Eurasian Business Review","volume":"10 1","pages":""},"PeriodicalIF":3.5,"publicationDate":"2024-02-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140010806","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

Time varying effects in survival analysis: a novel data-driven method for drift identification and variable selection 生存分析中的时变效应：漂移识别和变量选择的数据驱动新方法

IF 3.5 3区管理学

Eurasian Business Review Pub Date : 2024-02-26 DOI: 10.1007/s40821-024-00260-z

{"title":"Time varying effects in survival analysis: a novel data-driven method for drift identification and variable selection","authors":"","doi":"10.1007/s40821-024-00260-z","DOIUrl":"https://doi.org/10.1007/s40821-024-00260-z","url":null,"abstract":"<h3>Abstract</h3> In this paper we address the problem of survival models when high-dimensional panel data are available. We discuss two related issues: The first one concerns the issue of variable selection and the second one deals with the stability over time of such a selection, since presence of time dimension in survival data requires explicit treatment of evolving socio-economic context. We show how graphical models can serve two purposes. First they serve as the input for a first algorithm to to assess the temporal stability of the data: Secondly, allow the deployment of a second algorithm which partially automates the process of variable selection, while retaining the option to incorporate domain expertise in the process of empirical model-building. To put our proposed methodology to the test, we utilize a dataset comprising Italian firms funded in 2009 and we study the survival of these entities over the period of 10 years. In addition to revealing significant volatility in the set of variables explaining firm exit over the years, our novel methodology enables us to offer a more nuanced perspective than the conventional one regarding the critical roles played by traditional variables such as industrial sector, geographical location, and innovativeness in firm survival.","PeriodicalId":51741,"journal":{"name":"Eurasian Business Review","volume":"12 1","pages":""},"PeriodicalIF":3.5,"publicationDate":"2024-02-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139980762","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

The power of social media: effects of CEO tweets on stock performance 社交媒体的力量：CEO 微博对股票表现的影响

IF 3.5 3区管理学

Eurasian Business Review Pub Date : 2024-02-23 DOI: 10.1007/s40821-024-00251-0

Adeel Ali Qureshi

引用次数: 0

Diversification and size in venture capital investing 风险投资的多样化和规模

IF 3.5 3区管理学

Eurasian Business Review Pub Date : 2024-02-21 DOI: 10.1007/s40821-024-00258-7

Emanuele Teti, Alberto Dell’Acqua, Ada Bovsunovsky

引用次数: 0

Earth Observation data, innovation and economic performance: a study of the downstream sector in Italy 地球观测数据、创新和经济绩效：对意大利下游行业的研究

IF 3.5 3区管理学

Eurasian Business Review Pub Date : 2024-02-11 DOI: 10.1007/s40821-024-00261-y

Veronica Lupi, Valentina Morretta, Lorenzo Zirulia

{"title":"Earth Observation data, innovation and economic performance: a study of the downstream sector in Italy","authors":"Veronica Lupi, Valentina Morretta, Lorenzo Zirulia","doi":"10.1007/s40821-024-00261-y","DOIUrl":"https://doi.org/10.1007/s40821-024-00261-y","url":null,"abstract":"The increasing availability of external data in the realm of big data significantly impacts the operations and performance of businesses. In this study, we focus on Earth Observation (EO) technology, which supplies an extensive range of data related to Earth's chemical, biological, physical, and societal aspects. Our primary goal is to understand how the utilisation of EO data affects companies operating in the downstream sector. These enterprises possess the expertise and capabilities to extract valuable insights and information from EO data. We use a rich and innovative dataset representing 74% of the Italian EO downstream sector. The results show that EO data have heterogeneous impacts across downstream firms. Economic performance and innovation are positively correlated only for a subset of firms, especially the ones in the northern regions. Firms in the centre of Italy exploit the spillover of being close to large space infrastructures, but their performance in economic and innovation terms is mixed. The sub-sample in the South of Italy innovates due to EO but performs poorly economically. We discuss the determinants of such discrepancies and suggest policy and managerial implications for the industry's future development.","PeriodicalId":51741,"journal":{"name":"Eurasian Business Review","volume":"7 1","pages":""},"PeriodicalIF":3.5,"publicationDate":"2024-02-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139764995","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

Ex-ante estimating of additional remuneration for employee inventions: explanatory role of the weighted patent family size indicator 雇员发明额外报酬的事前估算：加权专利家族规模指标的解释作用

IF 3.5 3区管理学

Eurasian Business Review Pub Date : 2024-02-10 DOI: 10.1007/s40821-024-00257-8

Pavel Svačina, Jan Zouhar

{"title":"Ex-ante estimating of additional remuneration for employee inventions: explanatory role of the weighted patent family size indicator","authors":"Pavel Svačina, Jan Zouhar","doi":"10.1007/s40821-024-00257-8","DOIUrl":"https://doi.org/10.1007/s40821-024-00257-8","url":null,"abstract":"In civil-law countries, employers must pay a value-based 'reasonable remuneration' to employee inventors. When dissatisfied with the amount of compensation, employee inventors can ask for a review by an independent board or directly in court and claim additional remuneration. The study explores the existence of ex-ante indicators that would help distinguish inventors entitled to higher/lower additional compensation. We build on the patent quality framework and test the explanatory power of the ex-ante patent value indicator, the patent family size, on the additional rewards awarded to employee inventors. A novel dataset of court cases heard between 1981 and 2017 in three civil-law countries (Germany, France, and Japan) is used. Our findings indicate a consistently positive effect of both simple and GDP-weighted patent family indicators on the additional remuneration granted. The main finding is as follows: if the court grants positive additional compensation, we observe an average 68% increase in compensation when the number of countries covered by the patent doubles; alternatively, if the total GDP of the countries covered by the patent doubles, the compensation increases by app. 59%. These findings, along with others from the study, can be beneficial for R&D managers, intellectual property managers, and other executives, as well as innovative employees, in estimating the remuneration amount for employee inventions.","PeriodicalId":51741,"journal":{"name":"Eurasian Business Review","volume":"18 1","pages":""},"PeriodicalIF":3.5,"publicationDate":"2024-02-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139765043","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

Firm value, ownership structure, and strategic approaches to ESG activities 公司价值、所有权结构和环境、社会和公司治理活动的战略方法

IF 3.5 3区管理学

Eurasian Business Review Pub Date : 2024-02-09 DOI: 10.1007/s40821-024-00252-z

Hyun-Jung Nam, Mehmet Huseyin Bilgin, Doojin Ryu

{"title":"Firm value, ownership structure, and strategic approaches to ESG activities","authors":"Hyun-Jung Nam, Mehmet Huseyin Bilgin, Doojin Ryu","doi":"10.1007/s40821-024-00252-z","DOIUrl":"https://doi.org/10.1007/s40821-024-00252-z","url":null,"abstract":"The strategic role of environmental, social, and governance (ESG) activities in firm performance has recently drawn increasing attention. In particular, the dynamics of ESG management in family-owned firms have become a crucial factor in increasing firm value. Using novel data from Korea, a suitable context for our analysis, we focus on the interplay between ESG investment and family ownership. Our results reveal that ESG activities can mitigate the agency problems inherent in family ownership, but their careful management is essential for maximizing firm value. We introduce the concept of the marginal effect of ESG, decompose its factors, and identify a critical threshold of family ownership that is instrumental for increasing firm value through ESG activities. Depending on a firm’s position relative to this threshold, we recommend strategies to increase or reduce ESG investment, showing that the timing of such investment or disinvestment in ESG activities emerges as a key strategic consideration. Our findings provide practical insights for family-owned firms to make informed decisions on ESG investment, thereby contributing not only to their own sustainability but also the long-term vitality of ESG activities.","PeriodicalId":51741,"journal":{"name":"Eurasian Business Review","volume":"38 1","pages":""},"PeriodicalIF":3.5,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139764998","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