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Multidimensional Models for Building Decarbonization Pathways 构建脱碳路径的多维模型
IF 13.4 1区 管理学 Q1 BUSINESS Pub Date : 2025-12-13 DOI: 10.1002/bse.70455
Francesco Tajani, Giuseppe Cerullo, Federico Stara, Francesco Sica
The increasing urgency to reduce greenhouse gas emissions has positioned the decarbonization of the existing building stock as a pivotal strategy. It plays a crucial role in the global transition towards forms of low‐carbon economies. This research proposes an integrated and replicable methodological framework designed to steer strategic investment decisions across the energy retrofitting initiatives field by harmonizing economic, environmental and technical dimensions. The methodology integrates established instruments from scientific literature, such as the Carbon Risk Real Estate Monitor (CRREM) for environmental risk evaluation, two‐dimensional scatter plots for exploratory analysis of trade‐offs and multiobjective optimization models based on goal programming principles. It has been applied to a diversified portfolio of 13 buildings located in the city of Rome (Italy). The results highlight the framework's capacity to identify optimal retrofit scenarios that balance investment expenses, payback periods and the alleviation of asset‐stranding issues. Furthermore, the sensitivity analysis outlines the adaptability of the method to different priority weightings, facilitating decision makers in effectively managing complex multicriteria trade‐offs. The study underscores the relevance of integrating environmental and economic criteria to foster investment strategies aligned with ESG standards, supporting both public administrations and private investors in achieving climate objectives.
减少温室气体排放的紧迫性日益增加,将现有建筑的脱碳定位为关键战略。它在全球向低碳经济转型的过程中发挥着至关重要的作用。本研究提出了一个综合的、可复制的方法框架,旨在通过协调经济、环境和技术层面来指导能源改造倡议领域的战略投资决策。该方法整合了来自科学文献的成熟工具,如用于环境风险评估的碳风险房地产监测(CRREM),用于权衡的探索性分析的二维散点图,以及基于目标规划原则的多目标优化模型。它已被应用于位于罗马市(意大利)的13座建筑的多元化组合。结果表明,该框架能够识别出平衡投资支出、投资回收期和缓解资产搁浅问题的最佳改造方案。此外,敏感性分析概述了该方法对不同优先级权重的适应性,有助于决策者有效地管理复杂的多标准权衡。该研究强调了整合环境和经济标准对促进符合ESG标准的投资战略的重要性,支持公共管理部门和私人投资者实现气候目标。
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引用次数: 0
Informed Trade of Earnings Announcements 盈利公告通知交易
IF 4.4 2区 管理学 Q1 BUSINESS, FINANCE Pub Date : 2025-12-13 DOI: 10.1111/1475-679x.70032
CHLOE XIE
This paper examines how market participants trade on private information about firm fundamentals using the largest known case of informed trade of earnings announcements. From 2011 to 2015, a cartel of sophisticated traders illegally obtained early access to and traded on over 1,000 firm earnings announcements. Using this setting, I identify the information in earnings announcements that these market participants found most price relevant. The informed traders preferred announcements with larger earnings and sales surprises relative to forecasts, quantitative managerial guidance, and more extreme news sentiment. Despite their perfect foresight, the traders performed, perhaps surprisingly, poorly relative to hypothetical trading strategies based on comparable foresight. Frictions that limited their performance include price impact, risk aversion, and information processing costs. The trading performance of these informed traders implies that information about firm fundamentals explains little of the cross‐sectional variation in earnings announcement returns, even for sophisticated market participants.
本文考察了市场参与者如何利用有关公司基本面的私人信息进行交易,使用已知的最大的盈余公告知情交易案例。从2011年到2015年,一个由老练交易员组成的卡特尔非法提前获取并交易了1000多家公司的收益公告。使用这种设置,我确定这些市场参与者发现收益公告中与价格最相关的信息。消息灵通的交易者更喜欢那些收益和销售超出预期、量化管理指导和更极端的新闻情绪的公告。尽管他们有完美的远见,但与基于可比远见的假设交易策略相比,交易员的表现可能令人惊讶。限制其表现的摩擦包括价格影响、风险规避和信息处理成本。这些知情交易员的交易表现表明,有关公司基本面的信息几乎不能解释财报回报率的横截面变化,即使对于老练的市场参与者也是如此。
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引用次数: 0
Turning Mental Models Around: Boundary Objects as Enablers of Sustainable Business Model Innovation 扭转思维模式:边界对象作为可持续商业模式创新的推动者
IF 13.4 1区 管理学 Q1 BUSINESS Pub Date : 2025-12-13 DOI: 10.1002/bse.70441
Laura Hartung‐Geyer, Sascha P. Klein, Patrick Spieth
Organizations increasingly innovate their business models (BMs) toward sustainability to maintain competitiveness and comply with regulations. Sustainable business model innovation (SBMI) requires decision‐makers to identify ecological and social opportunities while balancing economic goals. However, BMs as mental models are guided by experiences and cognitive biases, influencing the recognition of SBMI opportunities. Research on how mental models affect opportunity recognition for SBMI in incumbent firms remains limited. We examine how boundary objects enhance opportunity recognition in SBMI. Through a single case study in the industrial automation sector, we identify significant variations in decision‐makers' mental models and demonstrate how boundary objects mitigate cognitive barriers. Findings highlight differences between managers with diverse professional backgrounds and propose measures to foster the identification of suitable opportunities in SBMI. This study contributes to SBMI research by identifying micro‐level cognitive constraints and offers practical recommendations to improve strategic decision‐making in contexts of sustainability innovation.
组织越来越多地创新他们的商业模式(bm),以实现可持续性,以保持竞争力并遵守法规。可持续商业模式创新(SBMI)要求决策者在平衡经济目标的同时,识别生态和社会机遇。然而,作为心理模型的bbmi受经验和认知偏见的引导,影响了对SBMI机会的认识。关于心智模式如何影响在职企业中小员工的机会认知的研究仍然有限。我们研究了边界对象如何增强SBMI中的机会识别。通过对工业自动化领域的单一案例研究,我们发现了决策者心理模型的显著差异,并展示了边界对象如何减轻认知障碍。研究结果强调了不同专业背景的管理人员之间的差异,并提出了促进识别SBMI中合适机会的措施。本研究通过识别微观层面的认知约束为SBMI研究做出了贡献,并为改善可持续创新背景下的战略决策提供了实用建议。
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引用次数: 0
Visual fidelity and price transparency in luxury-brand NFTs: Impacts on consumer authenticity perceptions and purchase intentions in metaverse retailing 奢侈品牌nft的视觉保真度和价格透明度:对消费者真实性感知和购买意向的影响
IF 13.1 1区 管理学 Q1 BUSINESS Pub Date : 2025-12-12 DOI: 10.1016/j.jretconser.2025.104651
Guanglu Liu
<div><div>As luxury brands expand into metaverse retail environments, non-fungible tokens (NFTs) have emerged as critical tools for digital brand storytelling and value creation. However, the translation of brand authenticity from physical to digital luxury goods remains poorly understood, particularly regarding how visual design fidelity and pricing strategies influence consumer perceptions and behaviors. This research addresses a fundamental tension in luxury NFT marketing: while high-fidelity digital representations may enhance perceived authenticity through detailed brand cues, they may simultaneously degrade authenticity perceptions by exposing the gap between digital simulation and physical product ownership. Drawing on signaling theory and authenticity research, this study investigates how NFT visual quality (high vs. low fidelity) and price disclosure strategies (transparent vs. absent) jointly influence consumer authenticity perceptions and purchase intentions for flagship luxury handbags in metaverse retail contexts.Three preregistered experiments (aggregate N = 1278) employing diverse luxury brand stimuli systematically test these relationships. Study 1 establishes that high-fidelity NFT visuals paradoxically reduce perceived brand authenticity and purchase intentions compared to low-fidelity representations, despite enhanced aesthetic appeal. Study 2 reveals that transparent price information (versus no pricing) moderates this effect: when price transparency is low, the negative authenticity impact of high-fidelity NFTs diminishes, and purchase intentions rebound to levels comparable with high-fidelity designs. Study 3 employs a three-cell design (low price, high price, no price) to confirm that premium pricing serves as a compensatory signal that buffers the authenticity penalties associated with photorealistic NFT representations, while low prices amplify the negative effects of visual realism on perceived authenticity.Across all studies, mediation analyses demonstrate that perceived authenticity functions as the primary psychological pathway linking visual fidelity and price transparency to purchase intentions. Consumer familiarity with NFT technology emerges as a secondary moderator, with NFT-experienced consumers showing greater acceptance of high-fidelity digital representations. The findings extend signaling theory to digital luxury contexts by demonstrating that traditional brand signals (visual realism, price) operate differently in virtual environments where authenticity concerns are heightened. This research provides actionable strategic guidance for luxury retailers entering metaverse platforms: managers must carefully calibrate NFT visual resolution and pricing strategies to preserve brand authenticity perceptions, either investing in ultra-realistic assets paired with premium pricing or adopting stylized, lower-fidelity designs with transparent value propositions to drive conversion in digital retail environments.</div><
随着奢侈品牌向虚拟零售环境扩张,不可替代代币(nft)已成为数字品牌叙事和价值创造的关键工具。然而,从实体到数字奢侈品的品牌真实性的转换仍然知之甚少,特别是关于视觉设计保真度和定价策略如何影响消费者的认知和行为。本研究解决了奢侈品NFT营销中的一个基本紧张关系:虽然高保真度的数字表现可能通过详细的品牌线索增强感知真实性,但它们可能同时通过暴露数字模拟和实体产品所有权之间的差距而降低真实性感知。利用信号理论和真实性研究,本研究探讨了虚拟零售环境下NFT视觉质量(高保真度vs低保真度)和价格披露策略(透明vs缺席)如何共同影响消费者对旗舰奢侈品手袋的真实性认知和购买意愿。三个预先注册的实验(总N = 1278)采用不同的奢侈品牌刺激系统地测试了这些关系。研究1表明,高保真NFT视觉效果与低保真效果相比,矛盾地降低了感知到的品牌真实性和购买意愿,尽管美学吸引力有所增强。研究2表明,透明的价格信息(相对于没有定价)调节了这种影响:当价格透明度低时,高保真nft的负真实性影响减弱,购买意愿反弹到与高保真设计相当的水平。研究3采用三单元设计(低价格、高价格、无价格)来证实溢价作为补偿信号,缓冲了与真实感NFT表征相关的真实性惩罚,而低价格放大了视觉真实感对感知真实性的负面影响。在所有研究中,中介分析表明,感知真实性是连接视觉保真度和价格透明度与购买意愿的主要心理途径。消费者对NFT技术的熟悉程度成为次要调节因素,有NFT经验的消费者对高保真数字表示的接受程度更高。研究结果表明,传统的品牌信号(视觉真实感、价格)在虚拟环境中发挥着不同的作用,从而将信号理论扩展到数字奢侈品环境。这项研究为进入虚拟世界平台的奢侈品零售商提供了可操作的战略指导:管理者必须仔细校准NFT视觉分辨率和定价策略,以保持品牌真实性的感知,要么投资与溢价定价相匹配的超现实资产,要么采用风格化的、低保真度的设计,并采用透明的价值主张,以推动数字零售环境中的转换。
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引用次数: 0
How does government environmental attention drive regional green technology innovation? 政府环境关注如何推动区域绿色技术创新?
IF 18.1 1区 管理学 Q1 BUSINESS Pub Date : 2025-12-12 DOI: 10.1016/j.jik.2025.100918
Li Yue, Liang Han
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引用次数: 0
Toward closing the zipper: Technology readiness and diverse technology use of university students in terms of academic major and gender 走向闭合拉链:大学生在学术专业和性别方面的技术准备和多样化的技术使用
IF 13.3 1区 管理学 Q1 BUSINESS Pub Date : 2025-12-12 DOI: 10.1016/j.techfore.2025.124493
Ville Heilala , Riitta Kelly , Miitta Järvinen , Raija Hämäläinen
Emerging technologies have the potential to transform education, and individuals with different technological orientations and backgrounds should have equal opportunities to harness the benefits. However, the underlying personal characteristics that potentially contribute to differences in technology adoption beyond the issues of technology access and skills have received less attention, especially in a context where access to technology and the possibility of acquiring necessary skills can be considered common. In this study, we found significant variation in university students' technology readiness in Finland regarding their field of study and gender. Students in information technology and natural sciences exhibited higher technology readiness than students in other fields. Also, men reported higher technology readiness than women, especially in innovativeness, suggesting a tendency to adopt new technologies before others. Findings underscore the need to consider the interplay between individual differences in technology readiness and the adoption of novel technologies in education because of a potential risk that individual and technological factors may drive and perpetuate the digital divide. The study concludes with the proposition of the Zipper Model of Digital Equity, which illustrates the digital divide and ongoing efforts toward digital equity in education.
新兴技术有可能改变教育,拥有不同技术取向和背景的个人应该有平等的机会利用这些好处。然而,在技术获取和技能问题之外可能造成技术采用差异的基本个人特征受到的关注较少,特别是在技术获取和获得必要技能的可能性被认为是共同的情况下。在这项研究中,我们发现芬兰大学生的技术准备程度在其学习领域和性别方面存在显著差异。信息技术和自然科学专业的学生比其他专业的学生表现出更高的技术准备程度。此外,男性比女性对技术的准备程度更高,尤其是在创新方面,这表明他们倾向于比其他人更早采用新技术。调查结果强调,有必要考虑技术准备程度的个体差异与教育中新技术的采用之间的相互作用,因为个人和技术因素可能会导致并延续数字鸿沟的潜在风险。该研究最后提出了数字公平的拉链模型,该模型说明了数字鸿沟和在教育中实现数字公平的持续努力。
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引用次数: 0
Traveling Between Dispersed Locations to Search for a Hidden Object 在分散的地点之间寻找隐藏的物体
IF 6.4 2区 管理学 Q1 OPERATIONS RESEARCH & MANAGEMENT SCIENCE Pub Date : 2025-12-12 DOI: 10.1016/j.ejor.2025.12.018
Edward Mellor, Kevin Glazebrook, Kyle Lin, Rob Shone
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引用次数: 0
WISDOM: An AI-powered framework for emerging research detection using weak signal analysis and advanced topic modelling WISDOM:使用弱信号分析和高级主题建模的新兴研究检测的ai驱动框架
IF 3.5 2区 管理学 Q2 COMPUTER SCIENCE, INTERDISCIPLINARY APPLICATIONS Pub Date : 2025-12-12 DOI: 10.1016/j.joi.2025.101759
Ashkan Ebadi , Alain Auger , Yvan Gauthier
The landscape of science and technology is characterized by its dynamic and evolving nature, constantly reshaped by discoveries, innovations, and paradigm shifts. Moreover, science is undergoing a remarkable shift towards increasing interdisciplinary collaboration, where the convergence of diverse fields fosters innovative solutions to complex problems. Detecting emerging scientific topics is paramount as it enables industries, policymakers, and innovators to adapt their strategies, investments, and regulations proactively. As the common approach for detecting emerging technologies, despite being useful, bibliometric analyses may suffer from oversimplification and/or misinterpretation of complex interdisciplinary trends. In addition, relying solely on domain experts to pinpoint emerging technologies from science and technology trends might restrict the ability to systematically analyze extensive information and introduce subjective judgments into the interpretations. To overcome these drawbacks, in this work, we present an automated artificial intelligence-enabled framework, called WISDOM, for (1) detecting emerging research themes using advanced topic modelling and weak signal analysis, and (2) generating candidate labels for identified themes to assist experts. The proposed approach can assist strategic planners and domain experts in more effectively recognizing and tracking trends related to emerging topics by swiftly processing and analyzing vast volumes of data, uncovering hidden cross-disciplinary patterns, and offering unbiased insights, thereby enhancing the efficiency and objectivity of the detection process. As the case technology, we assess WISDOM's performance in identifying emerging research as well as its trends, in the field of underwater sensing technologies using scientific papers published between 2004 and 2021.
科学和技术的景观以其动态和不断发展的性质为特征,不断被发现、创新和范式转变所重塑。此外,科学正在经历一个显著的转变,即越来越多的跨学科合作,在这种合作中,不同领域的融合促进了对复杂问题的创新解决方案。发现新兴的科学主题是至关重要的,因为它使行业、政策制定者和创新者能够主动调整他们的战略、投资和法规。作为检测新兴技术的常用方法,文献计量学分析尽管有用,但可能会对复杂的跨学科趋势进行过度简化和/或误解。此外,仅仅依靠领域专家从科学和技术趋势中确定新兴技术可能会限制系统分析广泛信息的能力,并在解释中引入主观判断。为了克服这些缺点,在这项工作中,我们提出了一个自动化的人工智能支持框架,称为WISDOM,用于(1)使用高级主题建模和弱信号分析来检测新兴的研究主题,以及(2)为已识别的主题生成候选标签以协助专家。所提出的方法可以通过快速处理和分析大量数据,揭示隐藏的跨学科模式,提供公正的见解,从而提高检测过程的效率和客观性,帮助战略规划者和领域专家更有效地识别和跟踪与新兴主题相关的趋势。作为案例技术,我们使用2004年至2021年间发表的科学论文,评估了WISDOM在识别水下传感技术领域新兴研究及其趋势方面的表现。
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引用次数: 0
Identifying and measuring destination attributes contributing to cultural tourism experience 识别和测量有助于文化旅游体验的目的地属性
IF 6.9 2区 管理学 Q1 HOSPITALITY, LEISURE, SPORT & TOURISM Pub Date : 2025-12-12 DOI: 10.1016/j.tmp.2025.101444
Ganghua Chen , Shengdong Hong , Zongkun Guo , Songshan Huang
While destination attributes are known to shape tourism experiences, there is limited understanding of what specific attributes contributing to cultural tourism experience. To address this gap, the study aims to identify destination attributes contributing to cultural tourism experiences from the tourists' perspective and develop a multi-dimensional measurement scale. In-depth interviews identified the key dimensions of destination attribute. Four datasets (n = 1009) from seven Chinese cities (i.e., Guangzhou, Luoyang, Nanjing, Shanghai, Hangzhou, Suzhou, and Yangzhou) were used to validate the scale's structural, discriminant, and predictive validity. This research extends the destination attributes model and offers a conceptual framework for enhancing cultural tourism experiences. Practically, the study provides destination managers with a tool to evaluate and improve the specific attributes that influence tourists' cultural experiences.
虽然目的地属性是众所周知的塑造旅游体验,但对于哪些具体属性有助于文化旅游体验的理解有限。为了弥补这一差距,本研究旨在从游客的角度识别对文化旅游体验有贡献的目的地属性,并开发多维度的测量量表。深入访谈确定了目的地属性的关键维度。使用来自广州、洛阳、南京、上海、杭州、苏州和扬州7个城市的4个数据集(n = 1009)来验证量表的结构效度、判别效度和预测效度。本研究扩展了目的地属性模型,为提升文化旅游体验提供了概念框架。实际上,该研究为目的地管理者提供了一种评估和改进影响游客文化体验的特定属性的工具。
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引用次数: 0
Moderately Fast and Furious: A Screening and Behavioral Theory of New CEO Strategic Action Speed 适度速度与激情:新CEO战略行动速度的筛选与行为理论
IF 10.5 1区 管理学 Q1 BUSINESS Pub Date : 2025-12-12 DOI: 10.5465/amj.2024.0829
John R. Busenbark, Robert Campbell, Diego Villalpando
Academy of Management Journal, Volume 0, Issue ja, -Not available-.
管理学院学报,第0卷,第ja期,-不可用-。
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引用次数: 0
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