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Articles 1 - 30 of 2828

Full-Text Articles in Business

Do New Competitors, New Customers, New Suppliers, ... Sustain, Destroy Or Create Competitive Advantage?, Michael D. Ryall, Glenn Macdonald Dec 2018

Do New Competitors, New Customers, New Suppliers, ... Sustain, Destroy Or Create Competitive Advantage?, Michael D. Ryall, Glenn Macdonald

Michael D Ryall

We examine the effect of entry on the value appropriated by an incumbent. By ``entrant’’ we mean at any level of the value chain — from raw material suppliers to buyers. Our specific concern is whether competition guarantees the incumbent some positive minimum level of profit. We demonstrate that the net effect of entry is subtle — even when the entrant is a perfect imitator. On the one hand, entry typically results in greater value creation. This tends to soften competition and, thereby, lower the incumbent’s minimum level of appropriation. At the same time, however, entry also creates new competitive alternatives ...


Ceo Compensation And Risk-Taking At Financial Firms: Evidence From U.S. Federal Loan Assistance, Amar Gande, Swami Kalpathy Dec 2017

Ceo Compensation And Risk-Taking At Financial Firms: Evidence From U.S. Federal Loan Assistance, Amar Gande, Swami Kalpathy

Amar Gande

We examine whether risk-taking among the largest financial firms in the U.S. is related to CEO equity incentives before the 2008 financial crisis. Using data on U.S. Federal Reserve emergency loans provided to these firms, we find that the amount of emergency loans and total days the loans are outstanding are increasing in pre-crisis CEO risk-taking incentives – “vega”. Our results are robust to accounting for endogeneity in CEO equity incentives and selection of financial firms into emergency loan programs. We also rule out the possibility that our results are driven by a bank’s funding base, bank complexity ...


Competitive Intensity And Its Two-Sided Effect On The Boundaries Of Firm Performance, Joao Montez, Francisco Ruiz-Aliseda, Michael D. Ryall May 2017

Competitive Intensity And Its Two-Sided Effect On The Boundaries Of Firm Performance, Joao Montez, Francisco Ruiz-Aliseda, Michael D. Ryall

Michael D Ryall

The new perspective emerging from strategy's value-capture stream is that the effects of competition are two-fold: competition for an agent bounds its performance from below, while that for its transaction partners bounds from above. Thus, assessing the intensity of competition on either side is essential to understanding firm performance. Yet, the literature provides no formal notion of "competitive intensity" with which to make such assessments. Rather, some authors use added value as their central analytic concept, others the core. Added value is simple, but misses the crucial, for-an-agent side of competition. The core is theoretically complete, but difficult to ...


Lessons In Leadership For Managers And Supervisors: Fearless And Ferocious Managing, Anthony J. Jackson Prof Apr 2017

Lessons In Leadership For Managers And Supervisors: Fearless And Ferocious Managing, Anthony J. Jackson Prof

Anthony J Jackson Prof

No abstract provided.


Suppliers, Investors, And Equity Market Liberalizations, Martin Strieborny Mar 2017

Suppliers, Investors, And Equity Market Liberalizations, Martin Strieborny

Martin Strieborny

Allowing foreign investors to acquire equity stakes in domestic firms stimulates the real economy by promoting frictionless relationships between buyers and suppliers of intermediate goods. I combine insights from research on financial liberalization and relationship-specific investment to derive this hypothesis and then use a difference-in-difference empirical framework to test it. Results from panel-data and event-study estimations confirm that equity market liberalizations boost output growth particularly in suppliers-dependent industries that require a high share of specialized inputs in their production process. Financial openness can thus facilitate smooth interactions between firms and an important corporate stakeholder - suppliers of crucial production inputs.


Serious Gamification: On The Redesign Of A Popular Paradox, Steffen Roth Jan 2017

Serious Gamification: On The Redesign Of A Popular Paradox, Steffen Roth

Dr. Steffen Roth

We challenge the idea of the paradoxical nature of the concept serious games and ask how researchers and designers need to conceive of serious games so that they at all appear paradoxical. To develop and answer this question, we draw on a theory–method that considers all forms of observation as paradoxical. We then use the tetralemma, a structure from traditional Indian logics, to resolve the paradox of serious games into this larger paradox of observation. Consequently, serious games may only be consid- ered a paradox if we presume realities and define games as deviations therefrom. The increasing gamification of ...


Competing By Restricting Choice: The Case Of Search Platforms, Hanna Halaburda, Mikolaj Jan Piskorski, Pinar Yildirim Jan 2017

Competing By Restricting Choice: The Case Of Search Platforms, Hanna Halaburda, Mikolaj Jan Piskorski, Pinar Yildirim

Hanna Halaburda

We show that a two-sided platform can successfully compete by limiting the choice of potential matches it offers to its customers while charging higher prices than platforms with unrestricted choice. Starting from micro-foundations, we derive the strength and direction of network effect, and find that increasing the number of potential matches not only has a positive effect due to larger choice, but also a negative effect due to competition between agents on the same side. Agents with heterogeneous outside options resolve the trade-off between the two effects differently. For agents with a lower outside option, the competitive effect is stronger ...


C.V. - Wojciech Budzianowski, Wojciech M. Budzianowski Jan 2017

C.V. - Wojciech Budzianowski, Wojciech M. Budzianowski

Wojciech Budzianowski

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Renewable Energy And Sustainable Development (Resd) Group, Wojciech M. Budzianowski Jan 2017

Renewable Energy And Sustainable Development (Resd) Group, Wojciech M. Budzianowski

Wojciech Budzianowski

No abstract provided.


Call For Abstracts - Resrb 2017, June 19-21, 2017, Wrocław, Poland, Wojciech M. Budzianowski Jan 2017

Call For Abstracts - Resrb 2017, June 19-21, 2017, Wrocław, Poland, Wojciech M. Budzianowski

Wojciech Budzianowski

No abstract provided.


Contract Structure For Joint Production: Risk And Ambiguity Under Compensatory Damages, Michael D. Ryall, Rachelle C. Sampson Jul 2016

Contract Structure For Joint Production: Risk And Ambiguity Under Compensatory Damages, Michael D. Ryall, Rachelle C. Sampson

Michael D Ryall

We develop a model in which the parties to a joint production project have a choice of specifying contractual performance in terms of actions or deliverables. Penalties for noncompliance are not specified; rather, they are left to the courts under the legal doctrine of compensatory damages. We analyze three scenarios of increasing uncertainty: Full Knowledge - where implications of partner actions are known; Risk - where implications can be probabilistically quantified; and, Ambiguity - where implications cannot be so quantified. Under Full Knowledge, action requirements dominate: they always induce the maximum economic value. This dominance vanishes in the Risk scenario. Under Ambiguity, deliverables ...


Resume Of Joel Drotts Juris Doctorate, Joel M. Drotts Esq. Jan 2016

Resume Of Joel Drotts Juris Doctorate, Joel M. Drotts Esq.

Joel M. Drotts Esq.

This is the resume of the author Joel Drotts.


Complexity Theory For A New Managerial Paradigm: A Research Framework, Gandolfo Dominici, Vasja Roblek Jan 2016

Complexity Theory For A New Managerial Paradigm: A Research Framework, Gandolfo Dominici, Vasja Roblek

Vasja Roblek

In this work, we have outlined a research framework for a new management paradigm, attempting trying to link the main concepts of complexity theory, change management, knowledge management, sustainable development and, cybernetics. We discussed the transition from the industrial era to the post industrial age. In the development process, nothing is fixed in advance; we can say that it is opportunistic, and adapts to the challenges of the environment, as well as to their effects for and within organizations and society. We saw how the processes of organizational change have occurred as a result of the move to adapt to ...


The Role Of Coordination Bias In Platform Competition, Hanna Halaburda, Yaron Yehezkel Jan 2016

The Role Of Coordination Bias In Platform Competition, Hanna Halaburda, Yaron Yehezkel

Hanna Halaburda

This paper considers platform competition in a two-sided market that includes buyers and sellers. One of the platforms benefits from a favorable coordination bias in the market, in that for this platform it is less costly than for the other platform to convince customers that the two sides will coordinate on joining it. We find that the degree of the coordination bias affects the platform's decision regarding the business model (i.e., whether to subsidize buyers or sellers), the access fees and the size of the platform. A slight increase in the coordination bias may induce the advantaged platform ...


Dynamic Competition With Network Externalities: Why History Matters, Hanna Halaburda, Bruno Jullien, Yaron Yehezkel Jan 2016

Dynamic Competition With Network Externalities: Why History Matters, Hanna Halaburda, Bruno Jullien, Yaron Yehezkel

Hanna Halaburda

This paper considers dynamic platform competition in a market with network externalities. A platform that dominated the market in the previous period becomes ``focal" in the current period, in that agents play the equilibrium in which they join the focal platform whenever such equilibrium exists. We ask whether a low-quality but focal platform can maintain its focal position along time, when it faces a higher quality competitor. Under finite horizon, we find that when platforms are patient enough, the unique equilibrium is efficient. With infinite horizon, however, there are multiple equilibria in which either the low or the high quality ...


Private Politics Daily: What Makes Firms The Target Of Internet/Media Criticism? An Empirical Investigation Of Firm, Industry And Institutional Factors, Dominik Breitinger, Jean-Philippe Bonardi Jan 2016

Private Politics Daily: What Makes Firms The Target Of Internet/Media Criticism? An Empirical Investigation Of Firm, Industry And Institutional Factors, Dominik Breitinger, Jean-Philippe Bonardi

Jean-Philippe Bonardi

Private politics refers to situations in which activists or NGOs try to push firms to conform to social standards (regarding, for instance, human rights and environmental protection) without public policy intervention. The existing literature on private politics has focused on large campaigns such as consumer boycotts, and looked at the impact of those boycotts on firms’ financial performance and on the likelihood that firms comply with activist demands. Even though these large campaigns are important, focusing on them leads to neglecting the fact that a large portion of the time and resources that activists consecrate to private politics is used ...


A Business Trust For Partnerships? Early Conceptions Of Company-Related Assets In Legal Literature, And Antwerp Forensic And Commercial Practice (Later Sixteenth-Early Seventeenth Century), Dave De Ruysscher Jan 2016

A Business Trust For Partnerships? Early Conceptions Of Company-Related Assets In Legal Literature, And Antwerp Forensic And Commercial Practice (Later Sixteenth-Early Seventeenth Century), Dave De Ruysscher

Dave De ruysscher

The Antwerp example demonstrates that in the early modern period entity shielding for partnerships existed in some form by law, and that it was devised in doctrine and the practice of courts rather than in legislation. The affectation of assets for the business venture that did not entail limited liability nonetheless allowed for some separation of personal from partnership-related assets. This innovation, which was devised in doctrine in the early 1600s, was important in a mercantile context in which partnerships with open goals and with active partners or directors engaged in diverse business activities. Yet, according to an older rule ...


My Article, Jasa Seo Murah Indoseo Dec 2015

My Article, Jasa Seo Murah Indoseo

jasa seo murah indoseo

No abstract provided.


Creating Business Value From Digital Data Streams: The Role Of Organizational Interventions, Rajeev Sharma, Abhijith Anand, Tim Coltman Dec 2015

Creating Business Value From Digital Data Streams: The Role Of Organizational Interventions, Rajeev Sharma, Abhijith Anand, Tim Coltman

Abhijith Anand

No abstract provided.


Covered Interest Rate Parity: The Usd And Cny, Kimberly D. Scott Nov 2015

Covered Interest Rate Parity: The Usd And Cny, Kimberly D. Scott

Kimberly D Scott

One of many tests of international finance is a test termed Covered Interest Rate Parity (CIRP). This theorem posits that exchange rate forward premiums (discounts) are offset by the respective interest rate differential between two currencies (Bhargava, Dania, & Malhotra, 2011). To briefly describe another theorem of interest rate parity is the Uncovered Interest Rate Parity (UIRP). This theorem posits that a return on an uncovered foreign currency deposit should be equal to the return on a similar domestic deposit despite the national market the foreign deposit is located.


A Historical Reading Of China’S Foreign Exchange Reform And 1993 Currency Devaluation, Era Qian Nov 2015

A Historical Reading Of China’S Foreign Exchange Reform And 1993 Currency Devaluation, Era Qian

McDonough Research Journal

This paper aims at assessing China’s foreign exchange reform and analyzing the driving factors behind its 1993 currency devaluation. It focuses on the sequencing of reforming efforts and clarifies the different concepts of currency convertibility. It also discussed the special circumstances that led to reform at the time. Our research results suggest that China’s economic progress and policy orientation had drawn a clear roadmap for its reforming effort. Meanwhile, its existing swap center network, export subsidy elimination process, domestic inflation and entry to GATT made 1993 a critical timing to unite its dual exchange rate. China’s need ...


Chinese Approach To Exchange Rates And Impact On Trade, Kimberly D. Scott Nov 2015

Chinese Approach To Exchange Rates And Impact On Trade, Kimberly D. Scott

Kimberly D Scott

The United States and China have embarked on considerable deliberation in the United States trade and the value of the Chinese currency among academics and politicians alike. Over the years, research on the two topics has consistently addressed the subject by investigating the equilibrium real exchange rate between the yuan (CNY) and the dollar (USD), with results exposing the undervaluation in the yuan since the 1990’s.


Cny & Usd: Foreign Exchange Rates, Kimberly D. Scott Nov 2015

Cny & Usd: Foreign Exchange Rates, Kimberly D. Scott

Kimberly D Scott

A forward rate is related to a spot rate that is set to take place in the future (Bekaert & Hodrick, 2012). Interestingly, one issue that can be challenging when performing transactions is not knowing what the rate will yield in the future versus at present. Due to market pressures or even policy decisions, either a devaluation or revaluation of domestic currency to foreign currencies can transpire.


Quick Recap Of This Week's Biggest Customer Services News That Rocked Uk, Lissa Coffey Nov 2015

Quick Recap Of This Week's Biggest Customer Services News That Rocked Uk, Lissa Coffey

LissaCoffey

Quick Recap Of This Week's Biggest Customer Services News That Rocked UK - Brands Cited: Talktalk, Driver Restore, BT, Virginmedia & Sky customer services


House Of Quality (Hoq) Regarding Truck Drivers Requests, Sajjad Khaksari Nov 2015

House Of Quality (Hoq) Regarding Truck Drivers Requests, Sajjad Khaksari

SAJJAD KHAKSARI

"Quality Engineering & Italian Transport Companies" represents a preliminarily attempt to benefit from Quality Engineering methods for analyzing some parts of the real and hidden worlds of some Italian family-owned transport companies. It tries to highlight some things that normally remain neglected regarding the hidden internal workings of some Italian transport companies. In addition, this paper might be interesting for whoever wants to know more about this period in which some Italian family-run transport companies are facing the challenge of a future balancing modernism and traditionalism in their supply chain management (SCM).


Chinese Yuan And The American Dollar, Kimberly D. Scott Nov 2015

Chinese Yuan And The American Dollar, Kimberly D. Scott

Kimberly D Scott

The economic relationship between China and the United States has been a hit and miss discussion over the years. One question, in particular, has stimulated more than speculation, but empirical research of whether we know that China's currency is undervalued is certainly a trigger to perform further research.


Enterprise Resource Planning Ii – A Review Of Critical Success Factors, Andrew Laurence Norton Nov 2015

Enterprise Resource Planning Ii – A Review Of Critical Success Factors, Andrew Laurence Norton

Andrew Laurence Norton

Delivering benefits from enterprise resource planning (ERP) II is challenging and the current research investigates the allocation of resources contributing towards benefits realisation. A literature review has been undertaken based on critical success factor (CSF) analysis. This research has revealed that ERP CSF change over time and that only some traditional ERP CSF are used in ERP II, as some are unnecessary whilst others are detrimental. In addition, ERP II specific CSF are also required to address extended enterprise opportunities. The use of ranked CSF is proving to be ineffective and ERP II CSF must be phased-in during the implementation ...


China's Outward Foreign Direct Investment And International Investment Law, Karl P. Sauvant, Michael D. Nolan Nov 2015

China's Outward Foreign Direct Investment And International Investment Law, Karl P. Sauvant, Michael D. Nolan

Karl P. Sauvant

As China’s outward foreign direct investment (FDI) has grown, its approach to international investment agreements (IIAs) has changed. China is now one of the world’s most important outward investors, with Chinese FDI facing widespread criticism. The challenge for China is to adapt to this new configuration of interests stemming from these developments, both in terms of its national policies and the contents of its IIAs. In so doing, it is likely to influence, perhaps significantly, the further evolution of international investment law. This article deals briefly with the salient features of China’s outward FDI and the policies ...


How (Not) To Sell A Military Memoir In Britain, Esmeralda Kleinreesink, Neil Jenkings, Rachel Woodward Nov 2015

How (Not) To Sell A Military Memoir In Britain, Esmeralda Kleinreesink, Neil Jenkings, Rachel Woodward

Esmeralda Kleinreesink

In this study, we look at all (n=15) military memoirs published between 2001 and 2010 in Britain about military participation in the Afghanistan conflict, to establish the factors that determine whether or not a military memoir becomes a better-seller (adjusted sales >15,000 copies). We look at three aspects of the book - content (i.e., type of plot), cover (e.g., whether rank or the award of medals is mentioned) and author features (e.g., rank, sex, co-authorship by another established writer, foreword by a well-known person) - and analyze data on these aspects, compared to sales figures, using SPSS ...


Perspectives Of Entrepreneurship And Its Impact On Stakeholders’ Co-Creation, Ridhi Arora Research Scholar Oct 2015

Perspectives Of Entrepreneurship And Its Impact On Stakeholders’ Co-Creation, Ridhi Arora Research Scholar

Ridhi Arora

In the past decade, the topic of entrepreneurship has undergone a lot of scholarly examination by academics and management practitioners (Naudé, 2013). Entrepreneurship aims to bring about the cohesive integration of social, economic, institutional, and cultural environments, both at the individual level and the group level. The entrepreneurship concept has been built on the strong historical roots that have led to advancements in entrepreneurial research and its related areas. This chapter provides coverage of the various theoretical perspectives underlying the origin and evolution of entrepreneurship. As the concept of entrepreneurship represents a “multifaceted phenomenon” (Toma et al., 2014), I will ...