Managerial and Decision Economics,
Journal Year:
2024,
Volume and Issue:
unknown
Published: Dec. 8, 2024
ABSTRACT
This
paper
develops
a
unified
framework
for
analyzing
various
interconnection
regimes
in
two
dimensions:
compatibility
between
networks
managed
by
the
same
firm
(within‐firm
interconnection)
and
of
different
firms
(cross‐firm
interconnection).
Our
study
examines
duopoly
market
which
dominant
operates
competitor
offers
standalone
network.
We
find
that
strength
economies
scale
is
critical
determining
choices
regimes.
The
welfare
implications
are
also
investigated.
In
particular,
policy
interventions
aimed
at
promoting
cross‐firm
may
result
socially
undesirable
outcomes.
Managerial and Decision Economics,
Journal Year:
2025,
Volume and Issue:
unknown
Published: Jan. 26, 2025
ABSTRACT
The
reform
of
state‐owned
enterprises
(SOEs)
is
a
major
strategic
step
for
the
central
government
to
implement
policy
strengthening
and
expanding
SOEs
an
important
measure
support
development
nonpublic
economy.
This
has
become
main
direction
China's
current
focus
its
governance.
Mixed
ownership
key
implementation
path
SOE
reform.
Its
fundamental
purpose
stimulate
vitality
competitiveness
these
enterprises.
Taking
sample
Chinese
A‐share‐listed
firms
from
2004
2022,
we
aimed
explore
impact
mechanism
mixed
on
investment
efficiency
participating
private
(PEs).
We
found
that
SOEs'
provides
win–win
situation
both
PEs.
Specifically,
incorporation
non–state‐owned
capital
owed
by
PEs
prevents
overinvestment,
which
denoted
as
“direct
effect.”
Meanwhile,
PEs'
participation
in
leads
reduction
underinvestment,
“indirect
Mechanism
analysis
indicated
SOEs,
decreased
level
intervention
reduced
principal
agency
cost,
showing
reform's
“governance
For
PEs,
financing
constraints,
demonstrating
“resource
study
not
only
enriches
relevant
research
consequences
at
microlevel
but
also
valuable
experience
reference
economic
emerging
markets
developing
countries.
Managerial and Decision Economics,
Journal Year:
2025,
Volume and Issue:
unknown
Published: March 3, 2025
ABSTRACT
Enhancing
firms'
ESG
performance
has
become
an
important
issue
for
promoting
sustainable
economic
development.
Nowadays,
the
application
of
big
data
technology
may
have
a
significant
impact
on
performance,
but
research
in
this
area
remains
relatively
insufficient.
Based
quasi‐natural
experiment
national
comprehensive
experimental
zone
pilot
policy
(NBDCEZs)
China,
study
employs
panel
from
1383
Chinese
nonfinancial
listed
firms
2009
to
2022.
We
utilize
difference‐in‐differences
(DID)
method
explore
development
performance.
The
results
indicate
that
implementation
NBDCEZs
positive
effect
enhancing
mechanism
analysis
suggests
effectively
improves
by
strengthening
information
disclosure
quality
and
alleviating
financing
constraints.
Additionally,
heterogeneity
finds
effects
are
more
pronounced
state‐owned
firms,
with
higher
financial
risk,
regions
lower
levels
informatization.
This
provides
insights
policymakers
business
decision‐makers
era
digital
economy.
Managerial and Decision Economics,
Journal Year:
2025,
Volume and Issue:
unknown
Published: March 11, 2025
ABSTRACT
This
study
investigates
the
impact
of
China's
administrative
approval
reform
on
firm
green
innovation
using
a
difference‐in‐differences
(DID)
approach
with
data
from
24,981
firm‐year
observations
Chinese
listed
manufacturing
firms
2000
to
2023.
The
reform,
characterized
by
establishing
centers,
significantly
enhances
innovation,
as
measured
number
patent
applications.
Robustness
checks,
including
alternative
measures
and
instrumental
variable
analysis,
confirm
positive
effect.
Mechanism
tests
reveal
that
primarily
promotes
alleviating
financing
constraints,
rather
than
enhancing
market
competition
or
curbing
management
short‐termism.
findings
underscore
importance
reducing
institutional
transaction
costs
easing
constraints
foster
thereby
offering
insights
for
policymakers
promote
sustainable
development
through
reforms.
Managerial and Decision Economics,
Journal Year:
2025,
Volume and Issue:
unknown
Published: March 25, 2025
ABSTRACT
A
large
amount
of
literature
has
proved
that
zodiac
year
superstition
a
significant
impact
on
business
behaviors
such
as
risk‐taking,
investment
return,
and
insurance
purchase,
but
the
relationship
between
psychological
state
is
still
limited.
This
paper
draws
epidemiological
strategies
to
construct
its
research
strategy,
using
data
from
China
explore
years
individual
states.
Our
findings
suggest
their
mental
improves
when
person's
family
members
enter
zodiac.
empirical
regression
reveals
mediating
mechanism,
with
collectivism
cohesion,
which
belong
same
traditional
Chinese
culture
year,
playing
an
important
role.
When
individuals
in
will
reduce
risk
preference
due
vigilance
“misfortune”
caused
by
superstition.
Under
action
risks
also
be
passed
through
generations,
resulting
convergence
preferences
within
family.
On
other
hand,
essential
requirements
preference.
Out
concern
for
“unlucky”
zodiacal
years,
choose
go
out
less
spend
more
time
together
each
other's
company.
Interactions
make
them
feel
alone,
improves.
These
results
cultural
beliefs
influence
health
cohesion.
Managerial and Decision Economics,
Journal Year:
2025,
Volume and Issue:
unknown
Published: March 27, 2025
ABSTRACT
Despite
the
widely
acknowledged
importance
of
vocational
education
in
fostering
social
mobility
and
economic
development,
research
on
impact
industrial
clusters
remains
sparse.
This
study
aims
to
address
this
gap
by
examining
influence
moderating
role
external
environment.
By
collecting
965,123
firm
samples,
applying
fixed
effect
model
instrumental
variable
method,
we
find
that
positively
education.
offers
valuable
insights
for
policymakers
educational
practitioners,
highlighting
aligning
with
dynamics
enhance
regional
innovation
competitiveness.
