Based on information from a large sample of German researchers and using business ownership and nascent entrepreneurship as alternative indicators of academic entrepreneurship, we use mediation analysis to analyze the direct effects of researchers' entrepreneurship attitudes, age, gender, and citizenship as well as the related indirect influences. Industrial cooperation, industry consulting, and patenting

This investigation shows how the irreversibility constraints of fixed tangible investments conditioned on the debt flows and financial standing of a company affect its financial performance in cyclical adversity. The System General Method of Moments (GMM) estimator evaluates the endogenous link between the investment‐financing flows of companies and the risk‐adjusted returns on assets and invested

The study examines the relationship between stock liquidity and the firms' use of short‐term debt. In addition, this study examines the impact of agency costs on this relationship and also documents whether large shareholding acts as a transmission channel through which stock liquidity may influence the use of short‐term debt. The study is based on secondary financial data of non‐financial Indian companies

Coronavirus (COVID‐19) has affected life expectancy and disturbed economic growth. In pursuance of a better understanding of the probable economic consequences, the present research evaluates seven diverse scenarios/situations to anticipate the possible progression of COVID‐19 using a global hybrid dynamic stochastic general equilibrium (DSGE)–computable general equilibrium (CGE) general equilibrium

Researchers highlighted the need to increase our understanding about the effect of sustainability practices on employees. In this work, we argue that organizational legitimacy has a mediating effect between sustainability practices and employee loyalty. This structural relationship is analyzed on employees of Spanish public universities. Our results confirm the existence of the mediating effect proposed

This study examines a two‐dimensional differentiation model of both vertical product preferences and horizontal coupon preferences and investigates how couponing affects firms' promotion strategies and profits. The results show that when e‐coupons are issued by Firm 1, Firm 2's equilibrium profit increases with Firm 1's cost. Given e‐coupon issued by both firms, equilibrium profits decrease in Firm

Creativity and innovation go hand in hand, and understanding sources of creativity will expand organizational innovative capacity. This study explores the impact that characteristics have on creativity using divergent‐thinking experiments. I hypothesize that their influence stems from their effect on the experiences individuals acquire throughout life based on preferences, opportunities, and constraints

We examine the intertemporal relationship between nonperforming loans, efficiency and bank recapitalization in the Nigerian banking industry between 2011 and 2018. Using system generalized method of moments (SGMM) and stochastic frontier analysis (SFA), we document the importance of bank efficiency for addressing escalating nonperforming loans in the industry after recapitalization policies and the

The paper investigates the interrelationship between the exports (EXP) and foreign direct investment (FDI) inflows with reference to the Indian pharmaceutical industry. It employs the hierarchical Bayesian vector autoregression (BVAR) framework, which is known to generate accurate out‐of‐sample predictions by selecting appropriate amount of shrinkage and tighter priors. It also performs well in terms

The choice of an appropriate e‐commerce strategy for the listing in price comparison platforms (eBay, Amazon, and price search engines) is crucial for the survival of online stores in B2C e‐commerce business. We use a comprehensive dataset from the Austrian price search engine geizhals.at to identify successful e‐commerce strategies with regard to these listing decisions. An e‐commerce strategy is

This study scrutinizes the mediating role of tangible–intangible resources between entrepreneurial orientation and new venture growth. We analyzed the data of 308 Pakistani manufacturing‐SMEs through the AMOS. The results displayed that risk‐taking and innovation significantly while proactive do not influence new venture growth. Risk‐taking, innovativeness, and proactiveness significantly influence

In this study, we offer an alternative growth rate model for a company to be able to sustain its dividend policy. In the model we propose, there is an increase in the periodic amount of dividends every period on an equal basis, but the growth rate of dividends decreases every period. That's why we named the model “Decreasing Growth Rate Model”. The model we proposed is explained in a simple hypothetical

To examine the operational aviation efficiencies in 22 Asian airlines, the airlines were classified into three strategic alliances, and their respective efficiencies assessed using a modified dynamic undesirable meta‐frontier data envelopment analysis model. It was found that (1) average aviation industry efficiency declined from 2014 to 2016; (2) the number of airport input variables and the output

This paper investigates income diversification in credit unions in Ghana. We make use of the random effect, Hausman–Taylor, and fractional regression to assess income diversification. We find empirical support that there exist differences between workplace credit union income diversification and other types of credit union. We also find that within nonfinancial income, size, liquidity, loan portfolio

Considering a basin composed of multiple upstream and downstream regions with the pollution occurring across regional boundaries, a Stackelberg game model is developed to investigate the multiple ecological compensation strategies for transboundary pollution control. The results show that (1) under the equilibrium strategy of ecological compensation all regions obtain a Pareto improvement result. (2)

The objective of the present paper is to identify the determinants of the form of collaboration initiated between an upstream innovator and a downstream producer in order to incorporate a new input and commercialize an innovation consisting of a quality enhanced final product, with an empirical application to the genetically modified (GM) plant industry. The choice of upstream firm between license

This study investigates the effect of earnings management and corporate governance on the capital structure decision of firms. We utilized data of non‐financial firms from selected sub‐Saharan African countries over the period 2008 to 2018. Both fixed and random effect regressions were the methods of analysis employed. Our findings indicate that earnings management is associated with low equity usage

This article analyses, with case study illustrations, a two‐stage decision support technique for making informed choices within firms. The technique can assist managers by the use of simple decision‐tree diagrams, assigning values to its branches. The technique is based on the microeconomics of choice orderings, and we demonstrate how appropriate decision trees can be constructed and applied. This

As India steps in the fourth decade of globalization, we can look at the fruits of globalization more objectively. The relationship of globalization with growth is much more complex with economies opting for protectionism. The aim of the paper is to identify the pace of globalization in the Indian economy by capturing the portion of economic growth explained by foreign factors. The factor‐induced domestic

No abstract is available for this article.

This study examines the threshold effect in the nonperforming loans–profitability nexus within the Nigerian banking industry. Using the innovative dynamic panel threshold of Seo, Kim, and Kim (2019), the work documents threshold levels of 3.5% and 5.0% of nonperforming loans for return on average assets (ROAA) and return on average equity (ROAE), respectively. These levels of nonperforming loans ensure

This paper analyses the choice of managers' types in a vertical structure with a common input supplier. Depending on the degree of product differentiation, the choice of either an overconfident or an underconfident manager can arise whatever the downstream competition mode. In addition, when competition is in quantities, the well‐known prisoner's dilemma result of strategic delegation does not apply

This paper studies venture capitalists' (VCs') sequential investment decisions in a real options model. We account for VCs' risk aversion, agency costs, and VC activism. We identify two separate investment policies: when startups have positive cash flows, more risk averse and more active VCs expedite their investments while higher agency costs delay staged investments. The opposite is true for negative‐cash‐flow

This article examines the impact of foreign and multinational ownership on firm exit using a sample of Portuguese firms for the period 2007–2016, with Kaplan–Meier survival functions and a Cox proportional hazard model. The results show that purely domestic firms endure worse survival prospects than multinationals, but this is more related to firm‐level variables and not because of the effects of foreignness

An organisation's position within a network is known to influence its performance. This study proposes a novel evaluation model, incorporating social networking variables, to measure 30 Major League Baseball (MLB) teams' performances. Using the data envelopment analysis (DEA) technique, the empirical results of this study show that inefficiencies are due to purely technical rather than scale effects

Demand reduction causes extremely low revenues in uniform‐price auctions, which can be interpreted as implicit collusion among bidders. We model a uniform‐price auction with a buyout option and investigate its potential for alleviating implicit collusion. We focus on the extreme case that yields a revenue of zero with no buyout option. Our main result is that the seller obtains a positive expected

Mergers and acquisitions are mainly due to financial and technological innovations but could also be due to changes in the structure of the economy, which alters the optimal production functions of banks. Banks that seek to be operationally efficient would focus more on expanding their asset size, in the face of bad loans, leading to the acquisition of less efficient banks. This paper develops two‐stage

This study investigates gender spillovers from women on supervisory boards to women on management boards in a two‐tier system with employee codetermination. The supervisory board consists of a nominating committee mainly responsible for the appointment of directors in the management board. By combining similarity attraction theory with power theory, we predict that only female shareholder representatives

To predict the effect of bankruptcy laws on entrepreneurial activity, we exploit the 2005 and 2011 staggered state‐level increases in exemptions for the amount of personal wealth protected under Chapter 7 bankruptcy in the United States. We focus on three types of outcomes—firm establishments, entrepreneurship quality, and individual self‐employment. Using state‐, cross‐border‐county‐neighbor‐pair‐

As the competition among enterprises is increasingly fierce, the substitution of information assets makes the behavior of hackers and enterprises more complicated in the information security investment decision‐making process. In this paper, a game model of substitutable enterprise information security investment decision making is constructed by considering the influencing of substitution rate among

We consider credence goods. A typical example of a credence good is an expert service. Experts often offer rebates contingent on their client's failure or bonus payments contingent on their client's success. This paper provides a different rationale for performance‐based payments than reducing moral hazard. We show that a performance‐based payment can be a signal of the seller's ability. Due to different

This study tests the effect of doctors' professional identity on their outcome bias. We conduct a medical experiment with 264 doctors, a robustness test with 105 doctors, and a public experiment with 170 non‐doctors. The experimental results show that doctors, but not non‐doctors, exhibit more outcome bias when we exogenously render their professional identity more salient. These results indicate that