Managerial and Decision Economics最新文献

This article investigates a closed-loop supply chain where the manufacturer and the retailer share corporate environmental responsibility regarding the environmental impact caused by non-collected used products. To model the interactions between the two players, game theoretical models are established. The results show that (1) when the manufacturer's environmental responsibility is high, the follower-managed collection is better than the leader-managed collection. (2) The collection rate rises if the membership with high corporate environmental responsibility leads the channel or manages the collection. (3) Unless the manufacturer or consumers' environmental responsibility is sufficiently high, the retail price is higher in retailer-managed collection than manufacturer-managed collection.

Firms suffer security-interdependent risks while applying network technology, causing severe customer churn. This paper studies the security and price decisions of security-interdependent firms that face security-sensitivity consumers. We show that one firm's product price increases (decreases) with the other's security efforts under positive (negative) interdependence. Firms can overinvest or underinvest in security due to security interdependence. Two mechanisms are proposed to solve this distortion. In the Reward mechanism, the firms reward (penalize) the other under the positive (negative) interdependence. In the Outsourcing mechanism, the security service providers raise (reduce) the compensations with consumer sensitivity.

Standards allow companies to improve their competitiveness and achieve their strategic goals. Encouraging a strong willingness among firms to develop and implement standards is a complex task; consequently, the linkages between internal and external factors influencing this willingness require further exploration. This study considers interorganizational learning as an intermediate mechanism for empirical research and investigates the relationship between external motivation for collective action and a firm's willingness to participate in standards development. To verify the proposed theoretical model, this study used a questionnaire to collect 205 responses from companies belonging to the Zhejiang Brand Building Association. Structural equation modeling was conducted to verify the research framework. The results of this study reveal that an association's organizational capability has a direct positive effect on its willingness to develop and implement standards; however, government support and industrial scale have no significant positive direct effects on collective action willingness. Moreover, knowledge acquisition and knowledge application have mediating effects on the relationship between external motivation for collective action and willingness for collective action. This study analyzes the factors influencing a firm's participation in standardization activities on the basis of a collective action perspective and the mediating role of interorganizational learning. This study contributes to the literature by developing collective action and interorganizational learning theories.

Using a sample of 2301 listed firms from emerging markets for 2014–2023, we examine the effect of financial flexibility (FF) on firm risk-taking (FRT) and how this relationship is moderated by investment efficiency (INVEFF). GMM and bias-corrected method of moments models indicate a positive impact of FF on FRT. Notably, INVEFF emerges as a significant moderator, influencing the FF–FRT relationship. High INVEFF strategically amplifies the effect of FF on FRT. Robustness analysis ensures the stability of study findings. This study contributes valuable insights to the nuanced understanding of the FF–FRT relationship in emerging markets.

With the deepening of industrial division of labor, supply chain efficiency has become a critical driver of companies' core competitiveness. Using a sample of Chinese A-share listed companies from 2007 to 2023, this paper empirically investigates the impact of digital transformation on supply chain efficiency. We find that firms with a higher degree of digital transformation are associated with higher supply chain efficiency. Mechanism tests show that digital transformation facilitates supply chain efficiency via lower customer demand uncertainty as well as raw material disruption risk. The positive effect of digital transformation is more pronounced for non-state-owned enterprises and for firms with less stable customers and more geographically dispersed suppliers. Moreover, there is much degree prompt in supply chain efficiency for firms located in a better digital environment. This paper sheds light on how digital transformation influences supply chain efficiency and provides significant insights for firms to improve supply chain efficiency.

This work investigates a two-tier supply chain in which a supplier adjusts product quality and prices and distributes the products through a retailer or directly to consumers with the reference quality (RQ) effect. The supplier can choose from three, that is, traditional sales (TS), dual-channel (DC), and online-to-offline (O2O), sales modes. In the O2O sales mode, the retailer is allowed to open an online channel. The market demands are determined by the consumer utility consisting of two parts, a part depending on the consumer RQ effect and the other depending on the retail price and product quality. The profit maximization, that is, the Stackelberg game, models involving the consumer RQ effect are developed using prospect theory, wherein the supplier has the first mover advantage. The analytical optimal solutions are obtained through backward induction. The optimal quality and pricing decisions and the optimal profits of the supply chain members are compared among the three sales modes. A practical application is analyzed to verify the theoretical results of the proposed models. The results show that the consumer RQ effect benefits the two supply chain members under certain conditions. The optimal quality and pricing decisions are significantly affected by the consumer RQ effect except those of the supplier under the O2O sales mode. When consumers have the RQ effect, the DC sales mode is the best choice for the supplier, is a win–win mode for the two supply chain members under certain conditions, and benefits the consumers the most among the three sales modes.

The contradiction between the economy and the environment becomes acute as the increasing ecological constraints. It is thus necessary to improve environmental performance and realize the economic-ecological double dividend. To achieve that, co-operative efforts are needed on both production and governance sides, particularly industrial agglomeration and environmental regulation. Based on provincial sections in China spanning 2006 to 2020, we explore the effects of industrial agglomeration and environmental regulation on environmental performance, exploiting a two-way fixed effects model. We also illustrate the potential channels and interactive effects between industrial agglomeration and environmental regulation. The results indicate an inverted U-shaped nexus between industrial agglomeration and environmental performance, while environmental regulation favors environmental performance. Green innovation, factor allocation, deepening of division of labor, and industrial structure upgrading are plausible channels. Besides, we discover the interaction between industrial agglomeration and environmental regulation, where environmental regulation reduces the inflection point of industrial agglomeration, and industrial agglomeration improves the effectiveness of environmental regulation. Our work sheds light on the synergy between production and governance sides, which offers insights into green transition for China and other newly industrialized economies.

Amid rising demand for personalized products, manufacturers are forming collaborative bonds with suppliers, driven by revenue and cost-sharing arrangements. This study presents an evolutionary game model examining collaboration nuances and analyzes the impact of customization, revenue, and cost-sharing ratios. Findings reveal customization's bidirectional effect on collaboration and a distinctive relationship between revenue-sharing and collaboration probability. Increased cost-sharing ratios deter manufacturers from collaboration, favoring revenue-sharing mechanisms to incentivize supplier participation. The study highlights revenue-sharing's efficacy in promoting collaboration between manufacturers and suppliers to enhance product competitiveness.

Aiming at the adverse selection problem in the BI insurance market under asymmetric information, this paper designs a hybrid BI insurance contract with interruption compensation, reward, and penalty based on the principal-agent theory. It is found that regardless of the existence of two or more risk types in the BI insurance market, the hybrid BI insurance contract will be a strict Pareto improvement of the traditional partial insurance contract that is replicated twice. Meanwhile, we validate and extend the above conclusions through an arithmetic example, which provides more comprehensive theoretical support for insurance companies to design new BI insurance.

The football industry stands as an important economic sector in numerous countries, sparking scholarly discussions on the multifaceted nature of interconnected objectives and the influence of financial, accounting, and management elements on athletic performance. This discussion has gained prominence following the implementation of Financial Fair Play (FFP) regulations, which have substantially reshaped industry management practices. This study introduces two innovative models—financial and sporting—that employ data envelopment analysis (DEA) to evaluate the performance of Spanish league football clubs within the context of FFP regulations. These models illuminate a crucial aspect of sports economic theory: the balancing act between financial and sporting objectives. Moreover, our analysis explores the influence of FFP on the efficiency of the Spanish league by comparing club proximity to the best practice frontier before and after FFP implementation. Our findings uncover intriguing differentiations within the proposed models and across various club clusters, providing valuable insights into the nuanced interplay among finance, accounting, and sports management.