Managerial and Decision Economics最新文献

At present, many software developers work with downstream service providers to sell software and services. For political or economic reasons, foreign developers may be not allowed to sell software and services directly in the country of providers, but they can authorize their software to the providers for sale. In this study, we examine two types of IT supply chain (ITSC), namely, “Agenting Domestic Software” (Mode 1) and “Agenting Foreign Software” (Mode 2), each with a domestic developer/a foreign developer, a service provider, and client enterprises. In both modes, clients can either pay a high price to purchase software with accessorial pre-sale service from the provider, or firsthand acquire it from the domestic developer at a low price but without pre-sale service. We observe that in Mode 1, the domestic developer's market scale and the competition intensity of software have no effect on the domestic developer's decisions and profit; however, they have influences on the provider's decisions and profit. In Mode 2, the profits of ITSC members may increase with the intensity of software competition. When the domestic developer's market scale is small (large), and the domestic developer has (loses) the advantage of low extended-warranty-service (EWS) cost, Mode 1 (2) is more beneficial to the domestic developer than Mode 2 (1); however, the provider is more willing to choose Mode 2 (Mode 1). In other cases, either Mode 1 or Mode 2 may result in a win-win situation for the domestic developer and provider.

In many emerging economies with antiquated laws, bribes paid to government officials reduce economic impediments and serve as a device to improve market competition, thereby contributing to the modernization of an economy. In this context, this paper uses a simple two-stage game theoretic model to investigate the effects of the US Foreign Corrupt Practices Act (FCPA) on such economies. We demonstrate, among others, that while an increase in fines under FCPA reduces overall corruption, it leads to a deterioration in the market quality in an emerging economy. In the presence of FCPA, an increase in the US firm's technological advantage unambiguously leads to a decrease in the market quality in an emerging economy.

This study investigates retailer's sharing decisions concerning ex ante information about demand when the encroaching manufacturer can reduce production cost. Equilibrium information sharing decisions with encroachment are quite different from that with no encroachment. The encroaching manufacturer's cost reduction efficiency is key to determine equilibrium results, and these thresholds regarding cost reduction efficiency depend on competition intensity between the encroaching manufacturer's direct channel and retailer channel. Furthermore, through investigating the encroachment decisions of the manufacturer, we prove that the equilibrium information sharing decisions under encroachment is robust in general.

We investigate behavior in long-run projects and its relationship with experimentally elicited time preferences. Participants engage in a longitudinal project requiring sustained real effort, with their time preferences estimated through monetary outcomes. We observe a tendency to front-load real effort, with choices reflecting both present and future bias, the former being more prevalent and severe. We also find evidence of naive choice reversals. However, there is no support for the quasi-hyperbolic discounting model in monetary choices, and its predictions do not align with real effort allocation patterns. Nevertheless, discount rate and present bias parameters derived from monetary outcomes demonstrate predictive power over real effort allocation.

Corporate physical investments are an important foundation for sustainable economic development. This study investigates the causal relationships and complex mechanisms of the five antecedent conditions under the “Merger–Organization–Environment” (MOE) framework with corporate physical investments. These antecedent conditions include green mergers and acquisitions (M&A), financing constraints, main business performance, corporate governance capacities, and government environmental concerns. Combining the necessary condition analysis and fuzzy-set qualitative comparative analysis, a sample of 40 heavily polluting listed enterprises in China's A-share market from 2016 to 2020 is used. The results found that (1) individual antecedent conditions do not constitute the necessary conditions for corporate physical investments; (2) there are four configurations that generate high corporate physical investments, i.e., proactive change-oriented type, main business focus-oriented type, performance-driven oriented type, and passive change-oriented type; and (3) there are four configurations that generate non-high corporate physical investments, i.e., performance-bound type, funding-bound type, M&A-bound type, and strategically bound type. This demonstrates the asymmetry of the configurations that generate high and non-high corporate physical investments, which helps to formulate incentives for corporate physical investments from multiple perspectives.

We examine the relationship between excess control of family board seats (ECFBS) and financing constraints (FCs) using 2008–2021 data for listed family firms in China. We find that ECFBS intensifies Type II agency problems, thereby worsens corporate FCs. We also investigate the impact of family firm founder characteristics, family owner characteristics, and external shareholder equity structure on the ECFBS and FCs. Our findings provide evidence of the encroachment effect of family control.

This paper developed a global supply chain with a supplier and a retailer in different countries. When exchange rate and demand risks are concentrated in retailer, a distributionally robust approach is used to formulate an optimized robust ordering strategy. Furthermore, the effect of financial hedging incentive contracts on the robust decisions and the profits of the global supply chain is explored. Our findings show that the correlation between exchange rate and demand does not affect the robust decisions of retailer. The effectiveness of financial hedging incentive contracts depends on the trade-off between transaction costs of financial hedging and the degree of supplier incentives and the growth rate of order quantity.

This study constructs a Stackelberg game model between low-carbon manufacturers and capital-constrained retailers. Considering the manufacturer's financing model, the manufacturer's investment model, and the internal blended financing model, it studies the optimal wholesale price of manufacturers. This paper investigates the impact of consumers' low-carbon preference, the financing interest rate of manufacturers, investment ratio, investment return on carbon emission reduction investment, and supply chain pricing. The conditions for low-carbon supply chain participants to choose the best financing mode and the impact of different financing models on the performance of low-carbon supply chains were obtained.

This study investigates the influence of the exogenous event of Chinese GIS (Government Inspection Supervision) on corporate environmental innovation. GIS significantly enhances green innovation in state-owned enterprises (SOEs), according to difference-in-differences (DID) estimation. Moreover, executives' green perception significantly and positively moderates the constructive association between GIS and green innovation in SOEs. Additional analysis shows that inspection supervision encourages green innovation in SOEs by easing financial restrictions and boosting R&D spending. This effect is more prominent in areas where the intensity of government pollution source regulation is weaker and in enterprises with poorer performance in corporate social responsibility (CSR). Our research supports the conjecture that national governance can be a crucial determinant of green innovation, providing a valuable reference for accelerating China's green growth process and expanding the research perspective for the construction of governance systems in developing countries.

This study aims to investigate how directors' and officers' (D&O) liability insurance, legal responsibilities, and firm political connections collectively influence corporate litigation risk. D&O insurance is common, but its effectiveness in limiting litigation risk in diverse legal and political circumstances is questionable. The study employs a quantitative research approach, utilizing regression analysis and moderation techniques. Data are collected from a diverse sample of 411 individuals comprising directors, legal experts, government regulators, public company staff, and insurance providers. Regression models explore the relationships between D&O insurance, legal responsibilities, political connections, and corporate litigation risk. The findings provide practical insights for stakeholders in corporate governance, informing strategies to enhance risk management and compliance frameworks. This study contributes to the existing literature by empirically examining the comprehensive influence of D&O insurance, legal responsibilities, and political connections on corporate litigation risk. It integrates multiple variables and moderating effects to offer a nuanced understanding of corporate governance dynamics. Strategic adoption of D&O insurance can effectively mitigate litigation risks associated with legal responsibilities, although caution is warranted regarding the exacerbating effects of firm political connections. By understanding these dynamics, firms can proactively enhance their governance practices and adapt to regulatory changes, thereby improving overall corporate resilience and sustainability.