Business Commons^™

New Insights On Economic Theories Of The Family Firm, James J. Chrisman, Chevy-Hanqing Fang, Silvio Vismara, Zhenyu Wu

Business and Information Technology Faculty Research & Creative Works

Research attention to family firms has significantly increased in recent years, with a growing application of economic theories such as agency theory and resource-based theory to explain differences between family firms and nonfamily firms and heterogeneity among family firm populations. Despite this progress, the formulation of an economic theory of family business remains notably absent. Merely applying existing economic theories of the firm to the realm of family business is inadequate, as these general theories fail to incorporate the idiosyncratic aspects of family firms, such as the pursuit of socioemotional wealth. This paper seeks to advance economic theories specific to …

Positioning, Articulating, And Crafting Conceptual Articles On Entrepreneurship, James J. Chrisman, Chevy-Hanqing Fang, Lloyd Steier

Business and Information Technology Faculty Research & Creative Works

Conceptual Articles Are Important for Theory Building but the Special Challenges of Developing Conceptual Articles on Entrepreneurship Has Not Been Fully Considered. We Begin to Fill This Gap by Discussing the Nature of Conceptual Articles on Entrepreneurship, Particularly Those Geared for Publication in Entrepreneurship Theory and Practice. We Introduce Three Dimensions of the Entrepreneurship Discipline—uniqueness, Relevance, and Multiplicity—and Discuss How They Can Affect the Positioning of Conceptual Articles and the Articulation of their Contribution. We Also Enumerate Some Basic Principles for Crafting Good Conceptual Articles and Present Guidelines based on Our Discussion.

Jump To Platform Faster? Gender, Institutional Change, And Pre-Entrant Entrepreneurial Attempt, Lei Xu, K. Praveen Parboteeah, Chevy-Hanqing Fang

Business and Information Technology Faculty Research & Creative Works

Purpose: The authors enrich and extend the existing institutional anomie theory (IAT) in the hope of sharpening the understanding of the joint effects of selected cultural values and social institutional changes on women's pre-entrant entrepreneurial attempts. The authors theorize that women are culturally discouraged to pursue pre-entrant entrepreneurial attempts or wealth accumulation in a specific culture. This discouragement creates an anomic strain that motivates women to deviate from cultural prescriptions by engaging in pre-entrant entrepreneurial attempts at a faster speed. Building on this premise, the authors hypothesize that changes in social institutions facilitate the means of achievement for women due …

Motivators And Inhibitors For Business Analytics Adoption From The Cross-Cultural Perspectives: A Data Mining Approach, Hokey Min, Bih-Ru Lea

Business and Information Technology Faculty Research & Creative Works

In the increasingly knowledge-based world economy, the multinational firm's success often hinges on its business intelligence capability nurtured by business analytics (BA). Despite the growing recognition of BA's role in enhancing the firm's intellectual capital and subsequent competitiveness, it is still unknown what truly motivates and inhibits BA adoption. This study aims to identify key influencing factors for BA adoption such as organizational characteristics, information security/privacy, and information technology maturity (knowledge level). In so doing, this study employed data mining and data visualization techniques to develop specific patterns of BA adoption practices based on a combined sample of 224 Korean …

Generative Ai And Chatgpt: Applications, Challenges, And Ai-Human Collaboration, Fiona Fui-Hoon Nah, Ruilin Zheng, Jingyuan Cai, Keng Siau, Langtao Chen

Business and Information Technology Faculty Research & Creative Works

No abstract provided.

Enhancing Innovation Via The Digital Twin, Nobuyuki Fukawa, Aric Rindfleisch

Business and Information Technology Faculty Research & Creative Works

A Growing Number of Firms Are Seeking to Leverage Emerging Technologies, Such as Artificial Intelligence (AI) and 3D Printing, to Enhance their Innovation Efforts. These Seemingly Distinct Technologies Are Currently Coalescing into an Encompassing New Technology Called the Digital Twin. This Technology Allows Innovative Firms to Create a Digital Replica of a Physical Entity that Evolves over its Life Cycle. This Article Explores the Implications of the Digital Twin for Innovation Theory and Practice. First, We Examine the Connection between the Digital Twin and Three Related Technologies (I.e., 3D Printing, Big Data, and AI). Second, We Create a Typology of …

Security Is Local: The Influence Of The Immediate Workgroup On Information Security, Dawei David Wang, Alexandra Durcikova, Alan R. Dennis

Business and Information Technology Faculty Research & Creative Works

Information security is a multilevel phenomenon with employee security decisions being influenced by macrolevel factors (e.g., organizational policies), mesolevel factors (e.g., one's immediate workgroup—IW), and microlevel factors (e.g., individual personalities). We argue that an employee's local IW (i.e., immediate supervisor and coworkers) has a strong effect on security. This paper focuses on the effects of these mesolevel factors in the presence of macro-and microlevel factors. Drawing on the social structure and social learning framework as well as workgroup research, we hypothesize that the security behavior of an employee's IW supervisor and coworkers moderated by the nature of these relationships influences …

Reassessing Theories Of Capital Structure: Empirical Insights From Companies Listed In Vietnam, Ya Dai, Liang Guo, Chang Guo, Hongxian Zhang

Business and Information Technology Faculty Research & Creative Works

Over the past decade, the Vietnamese capital market has undergone a remarkable transformation, with a significant focus on its stock market that has displayed substantial expansion since 2012. This research delves into the impact of this market progression on the choices pertaining to capital structure made by companies listed in Vietnam. By analyzing a range of trade-off and pecking order models and amalgamating them into a unified regression framework, we gauge their capacity to elucidate these decisions. Our study outcomes unveil that the trade-off theory offers a more robust rationale for the capital structure determinations of Vietnamese companies, particularly during …

Pepper, Just Show Me The Way! How Robotic Shopping Assistants Should Look And Act, Nobuyuki Fukawa, Yu Shan Huang, Barry J. Babin

Business and Information Technology Faculty Research & Creative Works

Artificial intelligence enables modern robots to serve as service and sales assistants. Today's robotic shopping assistants (RSAs) can appear either humanoid or non-humanoid and possess utilitarian and/or hedonic attributes. However, many questions remain unexplored regarding an effective customer-centric RSA design. Do customers prefer a humanoid or non-humanoid RSA with hedonic or utilitarian attributes? To answer those questions, the research deploys a mixed-method approach involving a survey of customers who have interacted with the Pepper Robot, a humanoid robot (Study 1), and follow-up experiments examining customer responses to a humanoid/non-humanoid RSA with hedonic/utilitarian attributes (Studies 2 and 3). The research employs …

Sentiment Strength And Topic Recognition In Sentiment Analysis, Esi A.R. Adeborna

Masters Theses

"Current sentiment analysis methods focus on determining the sentiment polarities (negative, neutral or positive) in users’ sentiments. However, in order to correctly classify users’ sentiments into their right polarities, the strengths of these sentiments must be considered. In addition to classifying users’ sentiments into their correct polarities, it is important to determine the sources and topics under which users’ sentiments fall. Sentiment strength helps as to understand the levels of customer satisfaction toward products and services. Sentiment topics on the other hand, helps to determine the specific product/service areas associated with user sentiments. This paper proposes two sentiment analysis approaches. …

Pattern Selection In The Schnakenberg Equations: From Normal To Anomalous Diffusion, Hatim K. Khudhair, Yanzhi Zhang, Nobuyuki Fukawa

Mathematics and Statistics Faculty Research & Creative Works

Pattern formation in the classical and fractional Schnakenberg equations is studied to understand the nonlocal effects of anomalous diffusion. Starting with linear stability analysis, we find that if the activator and inhibitor have the same diffusion power, the Turing instability space depends only on the ratio of diffusion coefficients (Formula presented.). However, smaller diffusive powers might introduce larger unstable wave numbers with wider band, implying that the patterns may be more chaotic in the fractional cases. We then apply a weakly nonlinear analysis to predict the parameter regimes for spot, stripe, and mixed patterns in the Turing space. Our numerical …

Information Systems Analysis And Design: Past Revolutions, Present Challenges, And Future Research Directions, Keng Siau, Carson Woo, Veda C. Storey, Roger H.L. Chiang, Cecil Eng Huang Chua, Jon W. Beard

Business and Information Technology Faculty Research & Creative Works

Systems Analysis and Design (SAND) is Undoubtedly a Pillar in the Field of Information Systems (IS). Some Researchers Have Even Claimed that SAND is the Field that Defines the Information Systems Discipline and is the Core of Information Systems. the Past Decades Have Seen the Development of Structured SAND Methodologies and Object-Oriented Methodologies. in the Early 1990s, Key Players in the Field Collaborated to Develop the Unified Modeling Language and the Unified Process. Agile Approaches Followed, as Did Other Dynamic Methods. These Approaches Remain Heavily Employed in the Development of Contemporary Information Systems. at the Same Time, New Approaches Such …

The Impact Of Perceived Manipulation, Motives, And Ethicality In Cause-Related Marketing: A Crm+ Model, Nathan W. Twyman, Sarah M. Stanley, Cassandra C. Elrod, Tamara M. Masters

Business and Information Technology Faculty Research & Creative Works

We Developed a CRM+ Model using Experimentation and Structural Equation Modeling Analysis. CRM+ Demonstrates Previously Unexplored Interrelationships among Consumer-Perceived Manipulation, Brand Motives, Perceived Ethicality of the Cause-Related Marketing, and Brand Attitude. CRM+ Reveals that Perceived Ethicality of the CRM Has a Significant Positive Effect on Brand Attitude, Though It is Not as Pronounced as the Effect of Perceived Altruistic Motives. Egoistic Motives Decrease Ethicality Perceptions But Has No Direct Effect on Brand Attitude. Altruistic Motive Perceptions Diminish Egoistic Motive Perceptions. CRM+ Suggests Marketing Managers Should Prioritize Emphasizing Altruistic Motives and Ethicality of the Partnership over Downplaying Egoistic Motives.

Are Socially Responsible Exchange-Traded Funds Paying Off In Performance?, Ya Dai, Liang Guo, Steve Liu, Hongxian Zhang

Business and Information Technology Faculty Research & Creative Works

This study examines the Socially Responsible (SR) exchange-traded funds (ETFs) by comparing their risk-adjusted performance with a matched group of conventional ETFs in the U.S. equity market. In contrast to prior studies that focus on actively managed mutual funds, we find that the risk-adjusted returns of SR ETFs are significantly lower than those of conventional ETFs during the 2005–2020 period. Such underperformance is only observed in non-crisis periods but not in economic crisis periods (i.e., the 2020 pandemic recession and 2008 financial turmoil). We attribute the observed underperformance of SR ETFs during the non-crisis periods to their limited diversification of …

Smart Living With Artificial Intelligence -- Potential Impact Of Artificial Intelligence On Mental Well-Being, Weiyu Wang

Masters Theses

"Artificial Intelligence (AI) will result in job replacement and job elimination. Some AI technologies, such as self-driving vehicles, have the potential to disrupt existing industries. Self-driving trucks may replace the 3.5 million truck drivers in the US. Scholars at Oxford University estimated that no less than 47% of American jobs and 54% of those in Europe are at a high risk of being taken over by machines. Routine, repetitive, and predictable jobs are expected to be automated (Siau, 2018). Although new jobs will be created, the unemployment rate may go up in the short term and the emergence of a …

Dynamic Capability And Open-Source Strategy In The Age Of Digital Transformation, Nobuyuki Fukawa, Yanzhi Zhang, Sunil Erevelles

Business and Information Technology Faculty Research & Creative Works

Today, Industry 4.0 technologies, such as Big Data analytics and mobile technologies, are forcing firms to seek new ways to create and deliver customer value. We argue that the Android project, one of the most successful open-source digital platforms, reflects a new business model in the age of digital transformation. In the Android community, application developers create and sell applications for the Android operating system provided by the open-source firm (Google), and share the profit with Google. Such an open-source strategy forces the open-source firm to give up the profits from selling the operating system to customers. A firm generally …

Findings Report: Virtual Workshop On ‘Resilient Supply Of Critical Minerals’, Marek Locmelis, Angela D. Lueking, Michael S. Moats, Kwame Awuah-Offei, Lana Z. Alagha, Mark W. Fitch, Alanna Krolikowski, Shelby Clark

Geosciences and Geological and Petroleum Engineering Faculty Research & Creative Works

Executive Summary
On August 2-3, 2021, the Thomas J. O’Keefe Institute for Sustainable Supply of Strategic Minerals at Missouri University of Science and Technology (Missouri S&T) hosted the NSF-funded virtual workshop ‘Resilient Supply of Critical Minerals’. The workshop was convened via Zoom and attracted 158 registrants, including 108 registrants from academia (61 students), 30 registrants from government agencies, and 20 registrants from the private sector. Four topical sessions were covered:

A. Mineral Exploration and Source Diversification.
B. Supply Chain and Policy Issues.
C. Improving Mineral Recycling and Reprocessing Technologies.
D. Technological Alternatives to Critical Minerals.

Each topical session was composed …

Statistical Measurement Of Trees' Similarity, Sahar Sabbaghan, Cecil Eng Huang Chua, Lesley A. Gardner

Business and Information Technology Faculty Research & Creative Works

Diagnostic theories are fundamental to Information Systems practice and are represented in trees. One way of creating diagnostic trees is by employing independent experts to construct such trees and compare them. However, good measures of similarity to compare diagnostic trees have not been identified. This paper presents an analysis of the suitability of various measures of association to determine the similarity of two diagnostic trees using bootstrap simulations. We find that three measures of association, Goodman and Kruskal's Lambda, Cohen's Kappa, and Goodman and Kruskal's Gamma (J Am Stat Assoc 49(268):732-764, 1954) each behave differently depending on what is inconsistent …

The Reinforcing Effects Of Formal Control Enactment In Complex It Projects, Gloria Hui Wen Liu, Cecil Eng Huang Chua

Business and Information Technology Faculty Research & Creative Works

Complex IT projects pose particular challenges for the application of control, because of the dynamism and uncertainty involved. Prior studies suggest self-control can complement formal control within complex projects. However, how managers can enact controlee self-control remains an unsolved question. This paper proposes and investigates how enacted formal control unfolds during the course of an IT project and, in particular, how formal control enactment can promote or hinder controlee self-control. We demonstrate through case studies of a control in two wireless communication product development projects that an enabling control style can induce controlees to act to the benefit of both …

Artificial Intelligence (Ai) Ethics: Ethics Of Ai And Ethical Ai, Keng Siau, Weiyu Wang

Business and Information Technology Faculty Research & Creative Works

Artificial intelligence (AI)-based technology has achieved many great things, such as facial recognition, medical diagnosis, and self-driving cars. AI promises enormous benefits for economic growth, social development, as well as human well-being and safety improvement. However, the low-level of explainability, data biases, data security, data privacy, and ethical problems of AI-based technology pose significant risks for users, developers, humanity, and societies. As AI advances, one critical issue is how to address the ethical and moral challenges associated with AI. Even though the concept of “machine ethics” was proposed around 2006, AI ethics is still in the infancy stage. AI ethics …

Robots On Blockchain: Emergence Of Robotic Service Organizations, Nobuyuki Fukawa

Business and Information Technology Faculty Research & Creative Works

Radical changes in the technological environment have been forcing service providers to consider whether, if so, how to automate any aspects of their services with robots and other emerging technologies. Some service providers have been adopting robotic service assistants, and even creating organizations partially or fully automated by robots. However, some service providers have not been able to fully take advantage of RSAs’ benefits in a way that enhances customer service experiences. We review those challenges of RSAs and discuss the potential application of blockchain technology in governing a robotic service organization, the concept we propose in this study. …

Values Of Artificial Intelligence In Marketing, Yingrui Xi

Masters Theses

“Artificial Intelligence (AI) is causing radical changes in marketing and emerging as a competent assistant supporting all areas of the marketing field. The influences and impacts AI has created in various marketing segments have aroused much interest among marketing professionals and academic scholars. Comprehensive and systematic studies on the values of AI in marketing, however, are still lacking and the existing literature fragmented. This research provides a comprehensive review of the existing literature in the relevant fields as well as a series of systematic interviews using the Value-Focused Thinking approach to understand the values of AI in marketing. This research …

Rhetorical Analysis Of Statements Of Purpose (Sps) For Admission To Graduate School: A Shared-Understanding Perspective Of The Sp Genre, Priyanka Ganguly

Masters Theses

"In this study, I analyzed twenty-four statements of purpose (SPs) submitted to the Department of English and Technical Communication at Missouri University of Science and Technology (Missouri S&T) by current and former students. My goal was to determine the applicants' shared understanding of the SP genre. I analyzed the SPs from three dimensions: rhetorical moves, rhetorical appeals (pisteis), and rhetorical style (elocutio).

To understand the rhetorical moves used by the applicants, I analyzed the content of their SPs according to the categories (moves) and codes (steps) validated in my pilot study. To understand the arguments used by the …

Enabling Flexibility Through Strategic Management Of Complex Engineering Systems, Walter Louis Barnes Ii

Doctoral Dissertations

”Flexibility is a highly desired attribute of many systems operating in changing or uncertain conditions. It is a common theme in complex systems to identify where flexibility is generated within a system and how to model the processes needed to maintain and sustain flexibility. The key research question that is addressed is: how do we create a new definition of workforce flexibility within a human-technology-artificial intelligence environment?

Workforce flexibility is the management of organizational labor capacities and capabilities in operational environments using a broad and diffuse set of tools and approaches to mitigate system imbalances caused by uncertainties or changes. …

The Impact Of The Content Of Online Customer Reviews On Customer Satisfaction: Evidence From Yelp Reviews, Langtao Chen

Business and Information Technology Faculty Research & Creative Works

As customers are increasingly participating in online product and service reviews, companies can leverage the content of those consumer reviews to improve or retain customer satisfaction. By using a panel data set collected from Yelp, this study empirically tests the effects of voting and sentiment of customer reviews on future customer satisfaction. The results show that cool votes on customer reviews have a positive impact on customer satisfaction in the next month. While average positive sentiment score has a positive effect on customer satisfaction of a restaurant, average negative score has a negative influence. In addition, the diversity of the …

Strategic Gift Giving In Vendor Relationships: The Gift Of Cognitive Regard, Cecil Eng Huang Chua, Cheng Chen, Ji-Ye Mao

Business and Information Technology Faculty Research & Creative Works

Increasing competition in the IT vendor landscape means it is increasingly difficult for vendors to sustain themselves by competing on price. Thus, many vendors desire to become strategic partners with their clients to thereby acquire a secure monopoly-like position on IT services. How should vendors do so? We argue one way is via the strategic distribution of gifts. This research unpacks one particularly effective gift type- the gift of cognitive regard through a qualitative analysis of a client-vendor relationship. This gift type has five properties: (1) Known Effortfulness, (2) Deep cognitive understanding, (3) Inalienability, (4) Nontransferrability, and (5) Contract temporality …

An Analysis Of The Evolving Intellectual Structure Of Health Information Systems Research In The Information Systems Discipline, Langtao Chen, Aaron Baird, Detmar W. Straub

Business and Information Technology Faculty Research & Creative Works

The rapid evolution of health information systems (Health IS) research has led to many significant contributions. However, while the Health IS subset of information systems (IS) scholarship has considerably grown over the past two decades, this growth has led to questions regarding the current intellectual structure of this area of inquiry. In an effort to more fully understand how Health IS research has contributed to the IS discipline, and what this may mean for future Health IS research in the IS domain, we conduct an in-depth evaluation of Health IS research published in mainstream IS journals. We apply citation analysis, …

Asymmetric Effects Of Cultural Institutes On Trade And Foreign Direct Investment, Donald Lien, Melody Lo, David Bojanic

Business and Information Technology Faculty Research & Creative Works

The Purpose of a Cultural Institute is to Improve International Relations with Other Countries by Promoting Language Familiarity and Cultural Awareness. in Addition, Cultural Institutes Can Provide Additional Business Opportunities that Lead to Positive Economic Side Effects Such as Increases in Trade and Foreign Direct Investment (FDI). in This Study, Gravity Models Were Used to Analyse the Data for the Goethe Institut (Germany), the Cervantes Institute (Spain) and the Confucius Institute (China) to Identify Any Stylised International Patterns of the Documented Economic Effects. the Study Finds Significant Positive Effects on Bilateral Trade and FDI Outflows for All Three Programmes, Along …

Industry 4.0 Opening Statement, Keng Siau

Business and Information Technology Faculty Research & Creative Works

No abstract provided.

The Impact Of Artificial Intelligence On Higher Education, Yizhi Ma

Masters Theses

"A perfect storm is hitting higher education. Decreased funding from traditional funding sources, such as State Governments, and transformative changes caused by artificial intelligence (AI) will revolutionize higher education. Higher education needs to change and evolve quickly and continuously to prepare students for the upheavals in the job market caused by AI, machine learning, and automation.

As AI continues to make inroads into our world and our lives, its impact and effects can no longer be ignored. What kinds of organizational changes in higher education are necessary? How can higher education continue to prepare students for the AI evolution and …