This study addresses the persisting issue of restaurant reservation no-shows by applying the availability heuristic principle to analyze booking behaviors. Three experiments identified cancellation policy features and factors influencing booking and no-show behaviors. Findings confirmed that a cancellation barrier (i.e., strict policy and complex cancellation method) decreases no-show intentions and negatively affects booking intentions. This research suggests that a lenient cancellation policy, an easy cancellation method, and an awareness campaign can encourage positive guest booking behavior and reduce no-shows. Applying the availability heuristic principle to restaurant management, the current research enhances the understanding of psychological factors affecting guest decisions and identifies effective strategies to reduce no-shows while supporting favorable booking behavior.
{"title":"The Effects of Restaurant Cancellation Policies and No-Show Awareness Campaigns on Reservation Behaviors","authors":"Esther L. Kim, Jason Tang, Minji Kim, Eun Joo Kim","doi":"10.1111/ijcs.70069","DOIUrl":"https://doi.org/10.1111/ijcs.70069","url":null,"abstract":"<p>This study addresses the persisting issue of restaurant reservation no-shows by applying the availability heuristic principle to analyze booking behaviors. Three experiments identified cancellation policy features and factors influencing booking and no-show behaviors. Findings confirmed that a cancellation barrier (i.e., strict policy and complex cancellation method) decreases no-show intentions and negatively affects booking intentions. This research suggests that a lenient cancellation policy, an easy cancellation method, and an awareness campaign can encourage positive guest booking behavior and reduce no-shows. Applying the availability heuristic principle to restaurant management, the current research enhances the understanding of psychological factors affecting guest decisions and identifies effective strategies to reduce no-shows while supporting favorable booking behavior.</p>","PeriodicalId":48192,"journal":{"name":"International Journal of Consumer Studies","volume":"49 3","pages":""},"PeriodicalIF":8.6,"publicationDate":"2025-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ijcs.70069","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143849068","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-04-19DOI: 10.1016/j.tmp.2025.101365
Valeriya Radomskaya , Abhishek Singh Bhati
Discourses on the legitimacy of the right to tourism are often characterized by complexity and polarization. This study provides an in-depth examination of this discourse, grounded in institutional theory. We present a novel synthesis of key legitimacy perspectives, identifying eight distinct legitimization approaches: nested, purist, discretionary, ethical, social, vulnerability, precautionary, and multilateral. Rather than advocating for or against the right to tourism, this research focuses on understanding the diverse legitimization strategies employed to support differing positions. Furthermore, we introduce a multi-faceted legitimacy framework for assessing legitimacy judgments in tourism policymaking. This framework establishes a spectrum of legitimacy, highlighting a shift from reliance on basic legitimacy considerations toward more nuanced approaches in contemporary debates. We emphasize the importance of achieving at least intermediate levels of legitimacy to ensure long-term policy acceptance and sustainable tourism outcomes. The findings offer valuable insights for policymakers seeking to develop nuanced and legitimacy-conscious approaches to tourism governance.
{"title":"Examining the legitimacy landscape of the right to tourism","authors":"Valeriya Radomskaya , Abhishek Singh Bhati","doi":"10.1016/j.tmp.2025.101365","DOIUrl":"10.1016/j.tmp.2025.101365","url":null,"abstract":"<div><div>Discourses on the legitimacy of the right to tourism are often characterized by complexity and polarization. This study provides an in-depth examination of this discourse, grounded in institutional theory. We present a novel synthesis of key legitimacy perspectives, identifying eight distinct legitimization approaches: nested, purist, discretionary, ethical, social, vulnerability, precautionary, and multilateral. Rather than advocating for or against the right to tourism, this research focuses on understanding the diverse legitimization strategies employed to support differing positions. Furthermore, we introduce a multi-faceted legitimacy framework for assessing legitimacy judgments in tourism policymaking. This framework establishes a spectrum of legitimacy, highlighting a shift from reliance on basic legitimacy considerations toward more nuanced approaches in contemporary debates. We emphasize the importance of achieving at least intermediate levels of legitimacy to ensure long-term policy acceptance and sustainable tourism outcomes. The findings offer valuable insights for policymakers seeking to develop nuanced and legitimacy-conscious approaches to tourism governance.</div></div>","PeriodicalId":48141,"journal":{"name":"Tourism Management Perspectives","volume":"57 ","pages":"Article 101365"},"PeriodicalIF":7.3,"publicationDate":"2025-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143850750","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-04-19DOI: 10.1016/j.jbusres.2025.115325
Yao Wang , Xiao-Hua (Frank) Wang , Zhiya (Alice) Guo , Shuxia (Carrie) Zhang , Russell E. Johnson
To date, studies of supervisor depletion have predominantly examined its negative effects on supervisor- and subordinate-related outcomes. However, not all supervisors necessarily respond to feeling depleted in the same way. Scenically, we suggest that supervisors with varying power distance orientations will respond to depletion differently, such that low power distance-oriented supervisors will exhibit participative leadership when depleted whereas high power distance-oriented supervisors will exhibit laissez-faire leadership when depleted. Increases in supervisors’ daily participative leadership will in turn be associated with increases in subordinates’ organizational citizenship behavior, whereas increases in supervisors’ daily laissezfaire leadership will be associated with increases in subordinates’ counterproductive work behavior. We tested our predictions via an experience sampling study of supervisor-subordinate dyads who completed daily morning and afternoon surveys over a two-week period.
{"title":"To be Participative or Laissez-Faire? Supervisors’ coping strategies to ego depletion depend on their power distance orientation","authors":"Yao Wang , Xiao-Hua (Frank) Wang , Zhiya (Alice) Guo , Shuxia (Carrie) Zhang , Russell E. Johnson","doi":"10.1016/j.jbusres.2025.115325","DOIUrl":"10.1016/j.jbusres.2025.115325","url":null,"abstract":"<div><div>To date, studies of supervisor depletion have predominantly examined its negative effects on supervisor- and subordinate-related outcomes. However, not all supervisors necessarily respond to feeling depleted in the same way. Scenically, we suggest that supervisors with varying power distance orientations will respond to depletion differently, such that low power distance-oriented supervisors will exhibit participative leadership when depleted whereas high power distance-oriented supervisors will exhibit laissez-faire leadership when depleted. Increases in supervisors’ daily participative leadership will in turn be associated with increases in subordinates’ organizational citizenship behavior, whereas increases in supervisors’ daily laissezfaire leadership will be associated with increases in subordinates’<!--> <!-->counterproductive work behavior. We tested our predictions via an experience sampling study of supervisor-subordinate dyads who completed daily morning and afternoon surveys over a two-week period.</div></div>","PeriodicalId":15123,"journal":{"name":"Journal of Business Research","volume":"194 ","pages":"Article 115325"},"PeriodicalIF":10.5,"publicationDate":"2025-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143848455","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Alexis Evain, Jess Kropczynski, Shane Halse, Audrey Fertier, David Panzoli, Frederick Benaben
This article provides insights from the 'Lessons from the Field' perspective into crisis training using virtual reality (VR). Conventional crisis simulations often involve costly in-person events, limiting accessibility and effectiveness. VR technology has emerged as a promising alternative to overcome these challenges. This article delves into the application of VR in crisis management training, examining real-world exercise examples, and presenting innovative experimentation. A comprehensive experiment, grounded in real-life exercise scenarios, was conducted to gather feedback from participants. The findings demonstrate the efficacy of VR in replicating crisis training environments, providing an innovative solution to simulate real-world use cases. These results suggest that investing in VR research and development can significantly enhance training opportunities for public safety agencies.
{"title":"Immersive Crisis Training: Features, Observations and the Shift From Traditional Crisis Exercises","authors":"Alexis Evain, Jess Kropczynski, Shane Halse, Audrey Fertier, David Panzoli, Frederick Benaben","doi":"10.1111/1468-5973.70049","DOIUrl":"https://doi.org/10.1111/1468-5973.70049","url":null,"abstract":"<p>This article provides insights from the 'Lessons from the Field' perspective into crisis training using virtual reality (VR). Conventional crisis simulations often involve costly in-person events, limiting accessibility and effectiveness. VR technology has emerged as a promising alternative to overcome these challenges. This article delves into the application of VR in crisis management training, examining real-world exercise examples, and presenting innovative experimentation. A comprehensive experiment, grounded in real-life exercise scenarios, was conducted to gather feedback from participants. The findings demonstrate the efficacy of VR in replicating crisis training environments, providing an innovative solution to simulate real-world use cases. These results suggest that investing in VR research and development can significantly enhance training opportunities for public safety agencies.</p>","PeriodicalId":47674,"journal":{"name":"Journal of Contingencies and Crisis Management","volume":"33 2","pages":""},"PeriodicalIF":2.6,"publicationDate":"2025-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1468-5973.70049","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143849040","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}
Pub Date : 2025-04-19DOI: 10.1016/j.futures.2025.103611
Narmeen Marji, Mattia Thibault, Juho Hamari
Driven by the notion that fantastical cities and the architectural imaginary are deeply embedded in cultural, social, and political contexts, this systematic literature review explores the relationship between fantastical cities and the architectural imaginary within academic discourse. It examines their conceptualization, representation, and interpretation through a multidimensional framework incorporating: “Cultural and Social”, “Physical and Spatial”, and “Political and Economic” dimensions. Adhering to PRISMA guidelines, the review identifies and analyses 35 peer-reviewed articles published in academic journals in English. Following a narrative synthesis approach, the study identifies how these dimensions shape the academic understanding of urban and architectural imaginations across various media, uncovering critical gaps and future research opportunities. It maps architectural and urban elements used to describe fictional cities in literature, revealing how these elements visualize alternative futures and spotlighting which aspects are emphasized or neglected. The study suggests further scholarly inquiry into less explored themes such as transportation modes, political authority, architectural features, and building materials within fictional contexts. Additionally, it advocates for incorporating non-Western and indigenous perspectives to broaden the global comprehension of these imaginative environments. This research contributes to the discourse on urban studies, architecture, media, and futures studies, enhancing our collective vision of urban spaces and continuing to shape the intersection of these creative fields.
{"title":"Fantastical cities: A systematic review of the architectural imaginary","authors":"Narmeen Marji, Mattia Thibault, Juho Hamari","doi":"10.1016/j.futures.2025.103611","DOIUrl":"10.1016/j.futures.2025.103611","url":null,"abstract":"<div><div>Driven by the notion that fantastical cities and the architectural imaginary are deeply embedded in cultural, social, and political contexts, this systematic literature review explores the relationship between fantastical cities and the architectural imaginary within academic discourse. It examines their conceptualization, representation, and interpretation through a multidimensional framework incorporating: “Cultural and Social”, “Physical and Spatial”, and “Political and Economic” dimensions. Adhering to PRISMA guidelines, the review identifies and analyses 35 peer-reviewed articles published in academic journals in English. Following a narrative synthesis approach, the study identifies how these dimensions shape the academic understanding of urban and architectural imaginations across various media, uncovering critical gaps and future research opportunities. It maps architectural and urban elements used to describe fictional cities in literature, revealing how these elements visualize alternative futures and spotlighting which aspects are emphasized or neglected. The study suggests further scholarly inquiry into less explored themes such as transportation modes, political authority, architectural features, and building materials within fictional contexts. Additionally, it advocates for incorporating non-Western and indigenous perspectives to broaden the global comprehension of these imaginative environments. This research contributes to the discourse on urban studies, architecture, media, and futures studies, enhancing our collective vision of urban spaces and continuing to shape the intersection of these creative fields.</div></div>","PeriodicalId":48239,"journal":{"name":"Futures","volume":"170 ","pages":"Article 103611"},"PeriodicalIF":3.0,"publicationDate":"2025-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143859612","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}
This study presents a blueprint for an early‐stage business model focused on repurposing second‐life electric vehicle (EV) batteries for solar‐energy storage in Bottom of the Pyramid (BoP) markets. Addressing the critical need for affordable and sustainable energy solutions there, the research integrates principles of strategic and innovation management, international management at the BoP, and management for the circular economy. The proposed framework of an early repurposing business model highlights four key design themes: novelty, efficiency, complementarity, and lock‐in, tailored to the unique challenges and opportunities in these markets. A case study on two remote villages in the Brazilian Amazon deepens our blueprint for an early repurposing business model at the BoP.
{"title":"Sustainable Energy Provision at the Bottom of the Pyramid: Blueprint for Early Repurposing Business Models Using Second‐Life Batteries","authors":"Arne Jeppe, Heike Proff","doi":"10.1002/bse.4305","DOIUrl":"https://doi.org/10.1002/bse.4305","url":null,"abstract":"This study presents a blueprint for an early‐stage business model focused on repurposing second‐life electric vehicle (EV) batteries for solar‐energy storage in Bottom of the Pyramid (BoP) markets. Addressing the critical need for affordable and sustainable energy solutions there, the research integrates principles of strategic and innovation management, international management at the BoP, and management for the circular economy. The proposed framework of an early repurposing business model highlights four key design themes: novelty, efficiency, complementarity, and lock‐in, tailored to the unique challenges and opportunities in these markets. A case study on two remote villages in the Brazilian Amazon deepens our blueprint for an early repurposing business model at the BoP.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"10 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143849674","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-04-18DOI: 10.1016/j.joi.2025.101664
Zhizhen Yao , Xiaoming Huang , Haochen Song , Guoyang Rong , Feicheng Ma
Scientific collaboration has become increasingly popular due to the growing complexity of scientific tasks, especially for scientific projects supported by large funding agencies such as The National Natural Science Foundation of China (NSFC). This study focuses on modeling the network incremental elements within the scientific collaboration process of NSFC project teams to understand the intricate knowledge growth mechanisms. Four elements representing incremental knowledge were defined: Isolation, Mixed Addition, Inclusion, and Internal Correlation. Additionally, four knowledge incremental patterns and different collaboration processes were identified. The study discovered the following key findings: (1) NSFC project teams prioritize knowledge absorption and integration during collaboration, predominantly advancing knowledge through Mixed Addition approaches. (2) Teams in Management Science and Engineering (MSE) discipline tend to expand through Mixed Addition approaches, while Economic Science (ES) teams prefer Inclusion and Internal Correlation approaches for team development compared to MSE teams. (3) The knowledge pioneering pattern negatively impacts productivity, while the emergence of knowledge expansion and enhancement patterns can lead to significant improvements. Overall, this study explores the team collaboration process from the knowledge growth perspective, which provides valuable insights for optimizing team management and improving collaboration efficiency.
{"title":"Understanding knowledge growth in scientific collaboration process: Evidence from NSFC projects","authors":"Zhizhen Yao , Xiaoming Huang , Haochen Song , Guoyang Rong , Feicheng Ma","doi":"10.1016/j.joi.2025.101664","DOIUrl":"10.1016/j.joi.2025.101664","url":null,"abstract":"<div><div>Scientific collaboration has become increasingly popular due to the growing complexity of scientific tasks, especially for scientific projects supported by large funding agencies such as The National Natural Science Foundation of China (NSFC). This study focuses on modeling the network incremental elements within the scientific collaboration process of NSFC project teams to understand the intricate knowledge growth mechanisms. Four elements representing incremental knowledge were defined: Isolation, Mixed Addition, Inclusion, and Internal Correlation. Additionally, four knowledge incremental patterns and different collaboration processes were identified. The study discovered the following key findings: (1) NSFC project teams prioritize knowledge absorption and integration during collaboration, predominantly advancing knowledge through Mixed Addition approaches. (2) Teams in Management Science and Engineering (MSE) discipline tend to expand through Mixed Addition approaches, while Economic Science (ES) teams prefer Inclusion and Internal Correlation approaches for team development compared to MSE teams. (3) The knowledge pioneering pattern negatively impacts productivity, while the emergence of knowledge expansion and enhancement patterns can lead to significant improvements. Overall, this study explores the team collaboration process from the knowledge growth perspective, which provides valuable insights for optimizing team management and improving collaboration efficiency.</div></div>","PeriodicalId":48662,"journal":{"name":"Journal of Informetrics","volume":"19 2","pages":"Article 101664"},"PeriodicalIF":3.4,"publicationDate":"2025-04-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143844757","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
A significant portion of a merger's purchase price is allocated to goodwill. Currently, goodwill is not amortized but rather tested annually for impairment. When managers of acquiring firms care about earnings, goodwill's accounting treatment can have large effects on future earnings and may influence how much a manager will bid for a target company. We quantify the effects of goodwill accounting by estimating a structural model of corporate takeovers. Our estimates suggest accrual accounting increases buyout premia by an average of approximately 11 percentage points. If firms needed to amortize goodwill over 10 years, we estimate premia would reduce by 4.9 percentage points and M&A volume would shrink by 4.1% or $67 billion per year. Furthermore, the fraction of private equity acquirers would increase by 6.9 percentage points, shifting control over productive assets to the private and financial sector. Our results suggest the accounting treatment for goodwill has a meaningful effect on the market for corporate control.
{"title":"Accounting for Goodwill","authors":"STEFAN J. HUBER, CHARLES G. MCCLURE","doi":"10.1111/1475-679x.12618","DOIUrl":"https://doi.org/10.1111/1475-679x.12618","url":null,"abstract":"A significant portion of a merger's purchase price is allocated to goodwill. Currently, goodwill is not amortized but rather tested annually for impairment. When managers of acquiring firms care about earnings, goodwill's accounting treatment can have large effects on future earnings and may influence how much a manager will bid for a target company. We quantify the effects of goodwill accounting by estimating a structural model of corporate takeovers. Our estimates suggest accrual accounting increases buyout premia by an average of approximately 11 percentage points. If firms needed to amortize goodwill over 10 years, we estimate premia would reduce by 4.9 percentage points and M&A volume would shrink by 4.1% or $67 billion per year. Furthermore, the fraction of private equity acquirers would increase by 6.9 percentage points, shifting control over productive assets to the private and financial sector. Our results suggest the accounting treatment for goodwill has a meaningful effect on the market for corporate control.","PeriodicalId":48414,"journal":{"name":"Journal of Accounting Research","volume":"45 1","pages":""},"PeriodicalIF":4.4,"publicationDate":"2025-04-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143846497","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-04-18DOI: 10.1016/j.joi.2025.101665
Irene Finocchi , Andrea Ribichini , Marco Schaerf
In this article, we undertake a comprehensive large-scale analysis of the evolution of scientific communities across different disciplines and countries, spanning the period 1991-2020. Our analysis uses data obtained from Scopus and involves a total of 15,756,144 authors, 74,847,508 publications, and 1,501,206,153 citations. Besides the overall research production, we investigate multiple disciplines at various levels of aggregation (namely, scientific sectors as defined by the European Research Council and Scopus research categories). The geographical focus of our analysis takes into account first the worldwide scientific production and then addresses the 19 countries that are members of the G20 group (thus excluding the EU).
Research production generally increases with time (in terms of authors, publications, and citations), both on a global scale and specifically in each country. The growth is not only in terms of raw numbers but also relative to population and gross domestic product. The gender gap appears to be narrowing, albeit at a slower pace for STEM disciplines than others. Although the United States started out as the dominant country in all research fields, its primacy has eroded constantly with the passage of time. The fastest growing emerging country, China, recently managed to overtake the United States, at least in STEM disciplines.
{"title":"A large-scale temporal analysis of scientific production across disciplines and countries","authors":"Irene Finocchi , Andrea Ribichini , Marco Schaerf","doi":"10.1016/j.joi.2025.101665","DOIUrl":"10.1016/j.joi.2025.101665","url":null,"abstract":"<div><div>In this article, we undertake a comprehensive large-scale analysis of the evolution of scientific communities across different disciplines and countries, spanning the period 1991-2020. Our analysis uses data obtained from Scopus and involves a total of 15,756,144 authors, 74,847,508 publications, and 1,501,206,153 citations. Besides the overall research production, we investigate multiple disciplines at various levels of aggregation (namely, scientific sectors as defined by the European Research Council and Scopus research categories). The geographical focus of our analysis takes into account first the worldwide scientific production and then addresses the 19 countries that are members of the G20 group (thus excluding the EU).</div><div>Research production generally increases with time (in terms of authors, publications, and citations), both on a global scale and specifically in each country. The growth is not only in terms of raw numbers but also relative to population and gross domestic product. The gender gap appears to be narrowing, albeit at a slower pace for STEM disciplines than others. Although the United States started out as the dominant country in all research fields, its primacy has eroded constantly with the passage of time. The fastest growing emerging country, China, recently managed to overtake the United States, at least in STEM disciplines.</div></div>","PeriodicalId":48662,"journal":{"name":"Journal of Informetrics","volume":"19 2","pages":"Article 101665"},"PeriodicalIF":3.4,"publicationDate":"2025-04-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143844758","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-04-18DOI: 10.1016/j.jbusvent.2025.106500
Hongyu Shan
This study presents a novel measure of the overlap between a Corporate Venture Capital (CVC) investor and an entrepreneurial firm in the product, market, and technology spaces. Using this measure, we present an alternative parallel framework to understand an incumbent's decision to invest in or acquire a startup, grounded in the boundaries of the firm theory. The CVC's distinct features regarding property rights and incomplete contracting are preferred when the overlap is low. Also, CVC investments spur the greatest ex-post change in firm scope when the startup has moderate (vs. low or high) overlap with the corporate investor.
{"title":"Corporate venture capital and the boundaries of the firm1","authors":"Hongyu Shan","doi":"10.1016/j.jbusvent.2025.106500","DOIUrl":"10.1016/j.jbusvent.2025.106500","url":null,"abstract":"<div><div>This study presents a novel measure of the overlap between a Corporate Venture Capital (CVC) investor and an entrepreneurial firm in the product, market, and technology spaces. Using this measure, we present an alternative parallel framework to understand an incumbent's decision to invest in or acquire a startup, grounded in the boundaries of the firm theory. The CVC's distinct features regarding property rights and incomplete contracting are preferred when the overlap is low. Also, CVC investments spur the greatest ex-post change in firm scope when the startup has moderate (vs. low or high) overlap with the corporate investor.</div></div>","PeriodicalId":51348,"journal":{"name":"Journal of Business Venturing","volume":"40 4","pages":"Article 106500"},"PeriodicalIF":7.7,"publicationDate":"2025-04-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143843112","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
扫码关注我们
求助内容：
应助结果提醒方式：
京公网安备 11010802042870号