{"title":"Being an Emotionally Unaffected Investor: Evidence From Bitcoin","authors":"Xiaohang Ren;Wenting Jiang;Kun Duan;Tapas Mishra","doi":"10.1109/TEM.2025.3554567","DOIUrl":"https://doi.org/10.1109/TEM.2025.3554567","url":null,"abstract":"As one of the most prominent cryptocurrencies, Bitcoin has been at the forefront of a major revolution in the financial and technological sectors. This study utilizes data from social media to extract the emotional tendencies of investors in the Bitcoin market and analyze differences in investor behavior under various emotional features. We find that when investors exhibit reluctance (such as Sadness and Fear) to buy Bitcoin, it is the opportune moment to invest and achieve returns higher than expected. Conversely, when the emotional tone of investors becomes positive (such as Joy and Love), indicating a tendency to invest, we choose to avoid investing. Our research has also revealed that such emotional cues can assist in better predicting returns in the Bitcoin market. Analyzing market emotions contributes to a deeper understanding of market fluctuations and investor behavior. Our findings help stakeholders recognize the role of subjective emotions in the market and provide them with prudent investment advice: avoid relying excessively on the feelings of others, as this may trigger investment losses.","PeriodicalId":55009,"journal":{"name":"IEEE Transactions on Engineering Management","volume":"72 ","pages":"1471-1485"},"PeriodicalIF":4.6,"publicationDate":"2025-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143883521","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}
{"title":"A Generative Artificial Intelligence (GenAI) System for Fashion Design: A Case Study","authors":"Eric W. T. Ngai;Maggie C. M. Lee;Brian C. W. Kei","doi":"10.1109/TEM.2025.3554248","DOIUrl":"https://doi.org/10.1109/TEM.2025.3554248","url":null,"abstract":"This study employs a design science research approach to propose a foundational information system design theory tailored for generative artificial intelligence (GenAI) applications in the fashion design process. It delineates meta-requirements and design principles that address both the transformative potential of GenAI, and the unique challenges faced by the fashion sector. To validate the practicality of the proposed design theory, a prototype system was developed and evaluated with feedback from 30 experienced fashion practitioners, confirming its feasibility and effectiveness. Insights from case studies conducted with two Hong Kong-based fashion companies further highlight the benefits and challenges of integrating GenAI into fashion design. While GenAI demonstrates promise in enhancing communication, accelerating design processes, and improving customer engagement and satisfaction, key challenges remain, including the need for high-quality datasets, significant computational resources, and ethical considerations related to AI-generated designs. The design principles derived from this study provide a structured guideline for system designers, offering a practical framework for developing GenAI systems that cater to the specific needs of the fashion industry. By contributing both theoretical and practical insights, this study advances understanding of how GenAI can drive innovation in fashion design and lays a foundation for future research in this domain.","PeriodicalId":55009,"journal":{"name":"IEEE Transactions on Engineering Management","volume":"72 ","pages":"1320-1333"},"PeriodicalIF":4.6,"publicationDate":"2025-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143845402","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}
{"title":"Should Brick-and-Mortar Retailers Always Counter Showrooming? The Role of In-Store Service","authors":"Jun Chu;Minghui Xu;Zhaofu Hong","doi":"10.1109/TEM.2025.3553889","DOIUrl":"https://doi.org/10.1109/TEM.2025.3553889","url":null,"abstract":"The utilization of in-store service has become a vital strategy for brick-and-mortar (B&M) retailers to compete against e-tailers and counter consumer showrooming behavior (CSB), but it faces a paradox: while enhancing in-store service aims to mitigate CSB, it may inadvertently intensify CSB due to freeriding by certain consumers. To address the issue, we incorporate in-store service into a game-theoretic model to explore the price competition between a B&M retailer and an e-tailer in the presence of CSB. Based on capturing the heterogeneity in consumer perceptions of product valuation and in-store service, we analyze the price and service strategies of the retailers in different time spans. Our results show that CSB may lead to profit declines for both B&M retailer and e-tailer. Furthermore, we demonstrate that the nondigital attributes of products are strongly tied to in-store service strategies aimed at alleviating CSB. Specifically, the B&M retailer selling low nondigital-attribute product should provide low-level in-store service to mitigate CSB, whereas those selling high nondigital-attribute product should provide high-level in-store service. Moreover, our results indicate that the B&M retailer does not always counter CSB due to in-store service cost. When the service cost or travel cost is low, the B&M retailer is more likely to embrace CSB. Interestingly, when CSB intensity is low, the B&M retailer is more willing to counter CSB. Finally, a counterintuitive but interesting result shows that the price matching strategy of the B&M retailer does not always guarantee a consistent improvement in its profit.","PeriodicalId":55009,"journal":{"name":"IEEE Transactions on Engineering Management","volume":"72 ","pages":"1178-1194"},"PeriodicalIF":4.6,"publicationDate":"2025-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143830436","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}
Yu-Yu Chang;Kamonluck Sathornsantikun;Yeshwant Raj. S;Huei-Ying Chen
{"title":"The Power of Curiosity: Exploring the Relationship Between Joyous Curiosity, Self-Efficacy, and Entrepreneurship","authors":"Yu-Yu Chang;Kamonluck Sathornsantikun;Yeshwant Raj. S;Huei-Ying Chen","doi":"10.1109/TEM.2025.3553373","DOIUrl":"https://doi.org/10.1109/TEM.2025.3553373","url":null,"abstract":"This article explores the role of joyous curiosity in enhancing entrepreneurial self-efficacy (ESE), intentions, and startup project performance within practice-based entrepreneurship education programs. Grounded in self-determination theory and social cognitive career theory, we develop a theoretical model positing that joyous curiosity acts as a catalyst for ESE, which subsequently influences entrepreneurial intentions and startup performance. Additionally, we examine how intrinsic and extrinsic outcome expectations moderate these relationships. To test our hypotheses, we gathered longitudinal data over two-and-a-half years from a diverse sample of 198 undergraduate and postgraduate students enrolled in a practice-based entrepreneurship training program. This extended data collection allowed us to capture variations across different cohorts of participants and temporal contexts. These participants came from a wide array of academic disciplines and cultural backgrounds. Our findings provide novel insights into the influence of curiosity and outcome expectations within the context of entrepreneurship education, offering actionable strategies to cultivate future innovators in the engineering and technology sectors.","PeriodicalId":55009,"journal":{"name":"IEEE Transactions on Engineering Management","volume":"72 ","pages":"1178-1191"},"PeriodicalIF":4.6,"publicationDate":"2025-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143820279","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}
{"title":"How Large Language Models Empower the Analysis of Online Public Engagement for Mega Infrastructure Projects: Cases in Hong Kong","authors":"Ming Wang;Ruiyang Ma;Geoffrey Qiping Shen;Jin Xue","doi":"10.1109/TEM.2025.3553595","DOIUrl":"https://doi.org/10.1109/TEM.2025.3553595","url":null,"abstract":"Mega infrastructure projects (MIPs) have profound societal impacts, and public engagement plays a crucial role in their success. The rise of social media enables the dynamic analysis of public opinions, aiding decision-makers in addressing public concerns. This study introduces a networking, parsing, retrieval, and mapping approach that innovatively leverages large language models (LLMs) for massive text parsing and social network analysis. Using data from Hong Kong's nine MIP topics, this study identifies influencers and examines public and influencer engagement across project lifecycles. The findings and constructed managerial maps reveal the hidden dynamics of involvement and interaction across different project event types, enabling a prioritized management method. The novel LLM-driven framework offers decision-makers actionable insights to comprehensively optimize online public communication and engagement strategies for MIPs.","PeriodicalId":55009,"journal":{"name":"IEEE Transactions on Engineering Management","volume":"72 ","pages":"1262-1280"},"PeriodicalIF":4.6,"publicationDate":"2025-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143830435","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}
{"title":"The Effect of Patent Incentive Policy Synergy on Patent Quality—Mediating Role of Firms’ Ambidextrous R&D Behavior","authors":"Jingxian Gan","doi":"10.1109/TEM.2025.3554311","DOIUrl":"https://doi.org/10.1109/TEM.2025.3554311","url":null,"abstract":"This article categorizes patent incentive policies (PIPs) introduced by provincial governments across China into two types based on their operational characteristics and content: patent creation policies (PCPs) and patent utilization policies (PUPs). We investigate the impact of these two types of PIPs, along with their synergy magnitude and balance, on the patent quality of enterprises. In order to better explain the paths and ways of the effects of PIPs on patent quality, this article also considers the mediating role of firms' ambidextrous R&D behaviors. It is divided into exploration and exploitation of R&D behaviors by technology boundaries. The research results show that PCPs and PUPs each have different effects on ambidextrous R&D behavior and patent quality, and there is even the possibility of negative effects. The higher the magnitude and balance of synergy between the two types of PIPs, the more they can promote patent quality improvement. In addition, the magnitude and balance between the two types of PIPs synergy have different effects on ambidextrous R&D behavior. The mediating effect of dual R&D behavior between PIPs and patent quality is significant.","PeriodicalId":55009,"journal":{"name":"IEEE Transactions on Engineering Management","volume":"72 ","pages":"1207-1230"},"PeriodicalIF":4.6,"publicationDate":"2025-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143821892","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}
{"title":"AI Technology Adoption, Knowledge Sharing, and Manufacturing Firms’ Innovation Performance: The Moderating Effect of Absorptive Capacity","authors":"Xinyi Lin;Dong Wu","doi":"10.1109/TEM.2025.3573176","DOIUrl":"https://doi.org/10.1109/TEM.2025.3573176","url":null,"abstract":"As artificial intelligence (AI) technologies reshape manufacturing processes, their impact on innovation through knowledge sharing remains understudied and contested. In this article, we investigate how AI adoption influences innovation performance via two distinct pathways: explicit and tacit knowledge sharing. Drawing on the absorptive capacity theory, the study further examines how a firm's ability to assimilate and apply knowledge moderates these relationships. Based on the survey data from 290 Chinese manufacturing firms and analyzed using structural equation modeling, the findings reveal that AI facilitates both types of knowledge sharing, yet only the link between tacit knowledge sharing and innovation is significantly strengthened by higher absorptive capacity. The study contributes to engineering management literature by unpacking the dual-role mechanism of AI in knowledge-driven innovation and highlighting the critical boundary condition of absorptive capacity. For practitioners, it offers strategic insights into how AI tools and absorptive capacity can be codeveloped to unlock innovation potential. These findings highlight the need for tailored AI adoption and robust knowledge-sharing mechanisms, supported by absorptive capacity, to drive sustained innovation outcomes.","PeriodicalId":55009,"journal":{"name":"IEEE Transactions on Engineering Management","volume":"72 ","pages":"2137-2149"},"PeriodicalIF":4.6,"publicationDate":"2025-03-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144219606","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}
{"title":"The Effect of Flexibility on the Execution and Adaptation of Organizational Processes in a Dynamic Environment","authors":"Hillol Bala;Amit Deokar;Jordan B. Barlow","doi":"10.1109/TEM.2025.3572390","DOIUrl":"https://doi.org/10.1109/TEM.2025.3572390","url":null,"abstract":"Prior research across various disciplines consistently highlights the tradeoff between flexibility and efficiency in organizational processes and operations. Building on the theoretical perspectives related to organizational routines and sociotechnical systems, our study investigates managerial perceptions of process flexibility in operational contexts in a dynamic environment. We propose a research model in which perceptions of process execution misfit, defined as the difficulty in accommodating changing requirements during the execution of a process, negatively affect process performance and prompt process adaptation for future executions. However, process execution misfit recedes when managers perceive higher process flexibility affordance or the capacity of a process to allow adjustments. In addition, we posit that environmental dynamism moderates these relationships. A behavioral experiment demonstrated that process execution misfit negatively impacted process performance under conditions of low environmental dynamism but positively influenced process adaptation when dynamism was high. Importantly, our findings confirmed that perceived process flexibility afforded the alleviation of perceptions of process execution misfit. This study contributes to a deep understanding of managerial perceptions regarding process flexibility, providing theoretical and practical implications for effectively balancing efficiency and flexibility in operational contexts.","PeriodicalId":55009,"journal":{"name":"IEEE Transactions on Engineering Management","volume":"72 ","pages":"2279-2293"},"PeriodicalIF":4.6,"publicationDate":"2025-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144308458","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}
{"title":"Digital Transformation and Profit Growth: A Configurational Analysis of Regional Dynamics","authors":"Sukanlaya Sawang;Jian Zhao;Zimu Xu","doi":"10.1109/TEM.2025.3553198","DOIUrl":"https://doi.org/10.1109/TEM.2025.3553198","url":null,"abstract":"In this article, we adopt configuration theory to explore how diverse combinations of regional factors contribute to profitability, emphasizing the principle of equifinality, which posits that multiple, equally effective configurations can lead to similar outcomes. This study examines the interplay of multiple factors—enterprise informatization, digital infrastructure, e-commerce, technological investment, innovation, hardware, and software—across four key themes: digital readiness and technological integration, market and economic enablers, innovation capacity and activity, and foundational artifacts and resources. Using data from 31 provinces in China from 2015 to 2022, this study employs fuzzy-set qualitative comparative analysis to uncover pathways to regional profit growth. The study identifies five distinct configurations contributing to profit growth across China's provinces. In most configurations, e-commerce and technological investment emerge as central drivers. However, in less developed regions, profit growth relies more on improvements in digital infrastructure and hardware, with innovation and enterprise informatization playing a less significant role. The findings also reveal that profit growth requires addressing the weakest elements in the ecosystem—whether digital infrastructure, technological capabilities, or other factors. Strategies tailored to regional conditions must prioritize improving these weaker components to achieve sustained growth, as ignoring them can limit the overall success.","PeriodicalId":55009,"journal":{"name":"IEEE Transactions on Engineering Management","volume":"72 ","pages":"1730-1744"},"PeriodicalIF":4.6,"publicationDate":"2025-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143925063","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}
{"title":"Guest Editorial: Cognitive Biases and Heuristics in the New Product Development Process—A Call for More Empirical Evidence","authors":"Giacomo Marzi;Marco Balzano;Stefano Magistretti;Jeanne Liedtka","doi":"10.1109/TEM.2025.3533563","DOIUrl":"https://doi.org/10.1109/TEM.2025.3533563","url":null,"abstract":"","PeriodicalId":55009,"journal":{"name":"IEEE Transactions on Engineering Management","volume":"72 ","pages":"980-986"},"PeriodicalIF":4.6,"publicationDate":"2025-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://ieeexplore.ieee.org/stamp/stamp.jsp?tp=&arnumber=10937295","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143667413","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}