Managerial and Decision Economics最新文献

The premise of industrial symbiosis (IS) is that advancing a circular economy that reuses byproducts as inputs in production is valuable for the environment. We challenge this premise in a simple model. Ceteris paribus, IS is an environmentally friendly approach; however, implementing IS may introduce increased pollution into the market equilibrium. The reason for this is that producers' incentives for recycling can be triggered by the income gained from selling recycled waste in the secondary market and thereby may not align with environmental protection. That is, producers may boost production (and subsequent pollution) to sell byproducts without internalizing the pollution emitted in the primary industry or the recycling process. We compare the market solution to the social optimum and identify a key technology parameter (the share of reused byproducts) that may have mutual benefits for firms, consumers, and the environment.

The extended producer responsibility (EPR) policy requires producers to focus on the green design of front-end products and the recycling of end-of-life waste products at the same time and fulfill dual environmental responsibilities. Under this background, we study the recycling decision and corporate social responsibility (CSR) implementation for closed-loop supply chains (CLSC) considering green design under EPR policy. We build game models of CLSC under six situations, and analyze the interaction between the manufacturer's green design behavior and the retailer's CSR behavior, along with their influence on recycling decisions and the operational performance of CLSC. We show that both the manufacturer's green design behavior and the retailer's CSR behavior are beneficial to improving social welfare and the other party's profits, but a higher level of green design is uneconomical for the manufacturer. Similarly, a higher CSR awareness is not conducive to retailer's profitability. We also find that under the influence of the government's “Tax-Reduction-Subsidy” policy, the selection of the optimal recycling channel is influenced by factors such as the difficulty of recycling waste products, government subsidies, and the profit of unit reprocesses from the perspective of maximizing supply chain member's profits.

In modern business operations, ensuring that business strategies are in harmony with environmental goals has emerged as a pivotal consideration. More and more companies are realizing the significance of integrating environmentally friendly methods into their activities. This boosts their performance and adds value for stakeholders in an economy focused on sustainability. This quantitative research explores the alignment of business practices with environmental goals in the context of green finance (GF) and corporate strategy for enhanced performance and stakeholder value within a sustainable economy. Utilizing a structured online questionnaire, data was collected from 420 entrepreneurs through a stratified random sampling method, ensuring diverse representation. The subsequent analysis using SPSS software yielded robust statistical insights into the intricate relationships between variables. The findings support six hypotheses, indicating that strategic integration of GF positively influences financial performance, enhances resilience, positively affects stakeholder satisfaction, fosters innovation, leads to cost efficiency, and facilitates long-term sustainable growth. Investigating how GF-driven practices lead to cost efficiency and enhance operational effectiveness brings forth practical implications for organizations seeking financial savings through sustainable practices. This aspect introduces a novel perspective on the financial benefits of green initiatives. These results contribute as empirical evidence to the field of GF, offering practical insights for businesses, policymakers, and researchers seeking to align strategies with environmental goals for sustainable and responsible corporate practices.

To address omnichannel retailers' return challenges, considering consumers' brand and channel preferences. Four subgame models for retailers' Experience-in-Store-and-Buy-Online (ESBO) return strategies in a double oligopoly market are developed. Using an optimization model and inverse induction method, equilibrium strategies under different conditions are determined. Finally, simulation analyzes parameter sensitivity and equilibrium strategies. Findings show that when consumers' brand preference is low, the (Y,Y) subgame is the unique equilibrium solution, but profits do not significantly increase and are always lower than the (N,N) subgame, leading to a Prisoner's Dilemma. With a clear brand preference, both retailers always obtain the maximum profit under the (Y,Y) subgame. In markets with a high proportion of omnichannel consumers and a large number of high-cost-to-store consumers, the party implementing the ESBO strategy benefits more in a fiercely competitive market, while the profit situation of the party not implementing the ESBO strategy is less optimistic.

Using total revenue, previous research finds college basketball players generate millions of dollars in marginal revenue product (MRP). We are skeptical of using total revenue data. Instead, we use total variable revenue since using fixed revenues can over-estimate a team's marginal revenue and therefore a player's MRP. Comparing MRP to the players average grant-in-aid, we find that for public Division I universities, a little over one-quarter of men's basketball players are exploited and a little over one-tenth of women's basketball players are exploited.

Our study aims to examine variations in behavioral decision-making by employing the focus theory of choice. We discuss the impact of different personality traits of the retailer on the final decisions and the trends in performance across the supply chain. Our finding indicates that an increase in loss acceptance and pessimism positively impacts the overall profitability of the supply chain. If the retailer's level of pessimism is deterministic, the lower the level of loss acceptance, the lower the supplier's optimal profit. This study can help decision makers understand how to consider the personality traits of collaborators when collaborating.

As the online market rapidly develops, firms will face strategic consumers who differ in buying times. Given that the leadership structure in supply chains affects the chain members' decision-making and performance, we study this impact in a two-period dynamic pricing setting with an upstream manufacturer and a downstream retailer, where the patience degree of consumers is the retailer's private information. We examine two leadership scenarios: retailer dominance and manufacturer dominance. The two members play a signaling game under retailer dominance, whereas the manufacturer can only set its wholesale price based on its prior belief under manufacturer dominance. Our analysis indicates that when consumers are more patient, the retailer tends to share its private information with the manufacturer under retailer dominance to avoid the reduction of its retail margin and enhance its profitability. However, the retailer may keep the consumers' patience information private when the manufacturer dominates the supply chain because the manufacturer will set a compromised wholesale price and passively cede profits to the retailer. Finally, we examine consumer surplus and social welfare. We demonstrate that retailer dominance is the Pareto optimal strategy.

To investigate whether environmental court (EC) can drive corporate green innovation (GI) and the specific driving mechanisms, this study utilizes panel data from A-share listed companies from 2003 to 2019. Employing a dual-machine learning model, it explores the specific impact of EC on GI, the influencing pathways, and their heterogeneous effects on GI with different motivations, modes, and targets. The findings revealed that (1) EC significantly promote GI, a conclusion that remains valid after a series of robustness tests. (2) EC primarily drive GI through two pathways: deterrence and alert mechanisms. (3) Heterogeneity analysis reveals that EC exert differentiated impacts based on the varying motivations, modes, and targets of GI. In terms of motivation, compared to strategic GI, EC have a more significant promotional effect on substantive GI. As for the mode, EC can clearly enhance the level of utilization GI, but their promotional effect on exploration GI is not yet apparent. Regarding targeting, EC contribute more marginnally to GI in source control than in end-of-pipe. These empirical findings deepen our understanding of how EC promote GI. Furthermore, this study reveals the potential role of dual-machine learning in solving environmental governance issues.

Using a panel dataset of contract-year observations for Major League Baseball (MLB) players, this study looks to understand how job security affects incentives for worker performance. Prior works have found evidence of diminished performance when job security is high in the early years of guaranteed contracts (shirking) and heightened performance when job security is low at the end of contracts when players are hoping to secure new contracts (opportunistic behavior). The focus of this study is on how socio-economic background interacts with job security to influence performance. Theory and empirical evidence suggest that workers from disadvantaged socio-economic backgrounds may care more about job security, which could subsequently lead the performance of such workers to be more affected by changes to job security. This hypothesis is tested empirically. In testing this indirectly, evidence of stronger impacts of job security on performance of MLB players from lower income countries relative to those from higher income countries is found. To directly test this hypothesis, data on player socio-economic backgrounds is hand-collected. The performance of players from less-advantaged socio-economic backgrounds is found to be more affected by job security. Given that job security is common in many work settings, these findings have implications for workers and employers both inside and outside of sports.