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Full-Text Articles in Business

Articulator Q1 2025 Mar 2025

Articulator Q1 2025

Metro Denver Dental Society Articulator Magazine

This issue features speakers from the 2025 Rocky Mountain Dental Convention (RMDC) and additional content including:

  • A feature from Prof. Dr. Anne O'Connell on traumatic dental injuries in pediatric patients.
  • A recap from Dr. Jack Nguyen of cutting-edge dental products and technologies presented at Innovation 360 during the 2025 RMDC.
  • A feature from Drs. Karen Tindall and Laura Schwindt exploring science-backed strategies for stress management, mindfulness and fostering a positive workplace culture.
  • An article from Mr. David Bashford detailing the ins and outs of Colorado's regulations on paid leave.
  • An exploration of AI in dentistry from Ms. Laura Ramsey from …


“The Only Ones I Could Rely On”: An Exploration Of The International Athlete Experience At Ncaa Division I Institutions, Chris Corr, Nicole Sellars, Christopher Atwater, Charles Macaulay, Karina Jolly, Sarah Stokowski, Marek Taškár Mar 2025

“The Only Ones I Could Rely On”: An Exploration Of The International Athlete Experience At Ncaa Division I Institutions, Chris Corr, Nicole Sellars, Christopher Atwater, Charles Macaulay, Karina Jolly, Sarah Stokowski, Marek Taškár

Journal of Applied Sport Management

International athletes constitute a significant demographic within NCAA Division I athletics, offering diverse cultural perspectives and often enhancing team performance. Despite the documented importance of social support structures in facilitating their socio-cultural adaptation, the role of institutional and organizational support remains underexplored. This study aims to bridge this gap by examining the experiential satisfaction of international athletes competing in NCAA Division I sports, with a particular focus on their perceptions of institutional and organizational support. Utilizing a qualitative approach, semi-structured interviews were conducted with 33 international athletes across multiple NCAA Division I institutions. The findings reveal varying degrees of dissatisfaction, …


Advancing The Mission: Highlights From The 2025 Asma Conference, Marshall Magnusen Mar 2025

Advancing The Mission: Highlights From The 2025 Asma Conference, Marshall Magnusen

Journal of Applied Sport Management

The Journal of Applied Sport Management (JASM) is the official publication of the Applied Sport Management Association (ASMA), which is a scholarly organization that builds research partnerships between faculty and students. ASMA also facilitates connections between sport management faculty and students studying sport and practitioners working in the sport industry. In 2025, the annual conference was hosted by the University of Cincinnati under the direction of Dr. Matt Huml. Highlights from the annual conference include Dr. Chad Seifried from Louisiana State University receiving the ASMA Distinguished Service and Mentorship Award and Dr. Lawrence Judge of Ball State University becoming an …


Subway, Collaborative Matching, And Innovation, Yumi Koh, Li Jing, Jianhuan Xu Mar 2025

Subway, Collaborative Matching, And Innovation, Yumi Koh, Li Jing, Jianhuan Xu

Research Collection School Of Economics

Using rapid expansion of the Beijing subway from 2000 to 2018, we analyze its impact on collaborative matches in innovations. We find that an hour reduction in travel time between a pair of locations in Beijing brought 14.85% to 37.69% increase in collaborated patents. Far-apart location pairs were more affected, and the local average causal response is approximately 34.92% to 82.29%. The effect is mainly driven by increased matches among highly productive innovators. The entry of new innovators, relocation of existing innovators, and collaborations among low-productive innovators also contribute to the increase in collaborative matches, especially in the long run.


Distance And Preference For Full Versus Shared Control: The Moderating Role Of Decision-Maker Self-Construal, Hyeyoon Jung, Peter Magnusson, Stanford A. Westjohn, Yi Peng, Douglas Dow Mar 2025

Distance And Preference For Full Versus Shared Control: The Moderating Role Of Decision-Maker Self-Construal, Hyeyoon Jung, Peter Magnusson, Stanford A. Westjohn, Yi Peng, Douglas Dow

Marketing Faculty Publications

Previous research on the impact of distance on the choice between full versus shared control international market entry has produced inconsistent results. The authors suggest that the characteristics of the decision-maker may be an important boundary condition, which helps explain this inconsistency. Specifically, the authors examine how differences in decision-maker self-construal influence the effects of distance on entry mode decisions. To investigate the phenomenon, the authors use multiple methods to conduct three separate studies, including two experiments and a meta-analysis. The results offer consistent evidence that the distance–entry mode relationship is stronger for managers with an independent self-construal than for …


Examining Consumer Adoption Of Social Commerce: An Extended Meta-Utaut Model, Prianka Sarker, Laurie Hughes, Tegwen Malik, Yogesh K. Dwivedi Mar 2025

Examining Consumer Adoption Of Social Commerce: An Extended Meta-Utaut Model, Prianka Sarker, Laurie Hughes, Tegwen Malik, Yogesh K. Dwivedi

Research outputs 2022 to 2026

Social commerce has evolved into a mainstream channel for marketers and businesses for selling products online. However, consumers in many developing economies have yet to fully adopt social commerce technology. This research, therefore, aims to develop and empirically validate a conceptual model for understanding the factors influencing consumer adoption of social commerce in Bangladesh using an adapted and extended version of the Meta-UTAUT model. Analysis was undertaken to determine the appropriateness of external constructs such as trust, social support, anxiety, grievance redressal, innovativeness, and continuous participation intention. This research collected data from 402 social commerce users from Bangladesh to test …


Identical Ratios: A Red Flag Of Ratio Management, Qianhua Ling, Andrea Alston Roberts Mar 2025

Identical Ratios: A Red Flag Of Ratio Management, Qianhua Ling, Andrea Alston Roberts

Accounting Faculty Research and Publications

This paper identifies a helpful red flag stakeholders can use to detect whether a nonprofit has managed its financial information. This red flag is reporting an identical program ratio—that is, the nonprofit organization reports the exact same ratio in multiple years—while reporting a large change in total spending. We find nonprofits are more likely to report identical program ratios when resource providers rely on ratios; pay is determined, at least in part, by performance; and the potential for regulatory interference is high. This paper also identifies the cost allocation techniques and the specific expenses nonprofits likely manage. We find most …


Implementation And Evaluation Of A Group Peer Mentoring And Leadership Development Program For Research Faculty In Academic Medicine, Linda H. Pololi, Janet T. Civian, Mark Brimhall-Vargas, Vasilia Vasiliou, Arthur T. Evans, Kacy Ninteau, Lisa A. Cooper, Brian T. Gibbs Mar 2025

Implementation And Evaluation Of A Group Peer Mentoring And Leadership Development Program For Research Faculty In Academic Medicine, Linda H. Pololi, Janet T. Civian, Mark Brimhall-Vargas, Vasilia Vasiliou, Arthur T. Evans, Kacy Ninteau, Lisa A. Cooper, Brian T. Gibbs

School of Business

Introduction: Research faculty often experience poor mentoring, low vitality, and burnout. We report on our logic model inputs, activities, measurable outcomes, and impact of a novel mentoring intervention for biomedical research faculty: The C-Change Mentoring & Leadership Institute. We present a) a detailed description of the curriculum and process, b) evaluation of the program's mentoring effectiveness from the perspective of participants, and c) documentation of mentoring correlated with key positive outcomes. Methods: A yearlong facilitated group peer mentoring program that convened quarterly in person was conducted twice (2020-2022) as part of an NIH-funded randomized controlled study. The culture change intervention …


A Mother’S Work At Motherswork, Sharon Wong Mar 2025

A Mother’S Work At Motherswork, Sharon Wong

Asian Management Insights

Sharon Wong turned a desire for fashionable maternity wear into a journey with women into motherhood. Premium mother and baby products retailer Motherswork started off as a maternity fashion label that founder Sharon Wong created to dress herself professionally while pregnant with her first child. Twenty-five years on, the company hires over 160 employees in stores across China, Vietnam, and its home market of Singapore. Following Motherswork’s acquisition by parent-tech company The Parentinc, the mother of three looks back at how the business which she dubs “a hobby” became synonymous with premium mother and baby products, and how “having it …


How Can Foreign Commercial Vehicle Manufacturers Succeed In India?, Debjit Roy, Shubham Mar 2025

How Can Foreign Commercial Vehicle Manufacturers Succeed In India?, Debjit Roy, Shubham

Asian Management Insights

Seven steps to achieve market entry based on lessons from recent market exits. New entrants need to tailor their trucks for India's geography, infrastructure, and conditions to improve acceptability and market share. Boost demand by building an export-driven business model in India to counter the threat from inadequate and stagnant domestic demand. Align service offerings with customer expectations to gain greater vehicle acceptability.


Are Environmentally Sensitive Firms More Likely To Release Corporate Environmental Disclosures? Evidence From Environmental Risk Management, Chune Young Chung, Incheol Kim, Rong Yang Mar 2025

Are Environmentally Sensitive Firms More Likely To Release Corporate Environmental Disclosures? Evidence From Environmental Risk Management, Chune Young Chung, Incheol Kim, Rong Yang

Finance Faculty Publications

This study examines the environmental risk management practices of US firms operating in environmentally sensitive industries. Using two proxy variables for ex ante environmental policy risk—firm-level toxic chemical emissions and climate-related keywords in annual financial statements—we demonstrate that firms facing high ex ante environmental policy risk tend to increase the frequency and length of their voluntary sustainability reports. Additionally, we find that proactive sustainability disclosures significantly mitigate firm-level systematic risk (beta) and associated litigation risk. This risk reduction is more pronounced among firms with substantial green innovations and stronger corporate governance practices. Overall, this study highlights the causes and consequences …


Emoji Marketing: Toward A Theory Of Brand Paralinguistics, Jacob Almaguer, Reto Felix, Colleen M. Harmeling Mar 2025

Emoji Marketing: Toward A Theory Of Brand Paralinguistics, Jacob Almaguer, Reto Felix, Colleen M. Harmeling

Marketing Faculty Publications

Emojis, or pictographs that supplement or replace written language, have become ubiquitous in contemporary communication, including emoji marketing. Drawing on insights from linguistics and sign theory, the current research proposes an emoji marketing framework in which emoji symbolism (symbolic vs. iconic emoji use) affects consumers’ message appraisals (perceived message intimacy and clarity), which in turn influence brand cultural relevance (propositions P1 and P2). Emoji syntax (i.e., whether emojis are supplemented with text or not) and marketer-consumer group relatedness (shared vs. unshared group membership) moderate the relationship between emoji symbolism and consumers’ message appraisals. The framework suggests that messages that use …


The Secret Ingredients Of Strategy Implementation, Robin Speculand Mar 2025

The Secret Ingredients Of Strategy Implementation, Robin Speculand

Asian Management Insights

Knowing what to do and actually doing it are two very different things. Leaders need to develop the same discipline, passion, and tenacity for implementing strategy that they had when crafting it. There are seven key principles that can guide an organisation to succeed in strategy implementation. Implementation is about taking the right actions, so leaders need to support and guide employees to work differently.


Greening Brown Sectors Through Transition Finance, Hao Liang, Yongheng Sun, Tianhao Yao Mar 2025

Greening Brown Sectors Through Transition Finance, Hao Liang, Yongheng Sun, Tianhao Yao

Asian Management Insights

Financing not-so-green industries’ environmental transition could really move the climate needle. Directing capital away from carbon-intensive sectors and only financing green sectors may fail to achieve green transition targets. Transition finance plays a critical role in addressing climate challenges. Research suggests that the transition finance logic works and has promising potential.


Sticky Information Technology Investment: Theory And Empirical Evidence, Peng Liang, Hasan Cavusoglu, Nan Hu Mar 2025

Sticky Information Technology Investment: Theory And Empirical Evidence, Peng Liang, Hasan Cavusoglu, Nan Hu

Research Collection School Of Computing and Information Systems

This article provides a new way of thinking about managerial discretion in information technology (IT) investment decisions. We delve into the existence, antecedents, and consequences of sticky IT investment behavior, an understudied managerial deliberate resource commitment decision in response to changes in sales. Guided by downsizing theory, we initially theorize and find that IT investments exhibit stickiness: IT investments move downward less for sales decreases than they move upward for equivalent increases. Then drawing upon agency theory, adjustment costs theory, and managerial expectations theory—which influence managers’ motivation for downsizing—we predict and demonstrate that managers’ empire-building incentives, their avoidance of adjustment …


Are Emojis The New Words? A Sentiment Analysis Of Social Media Brand Conversations, Yashodhan Karulkar, Dev T. Vora, Siddharth Vaddepalli, Yash Thakur Mar 2025

Are Emojis The New Words? A Sentiment Analysis Of Social Media Brand Conversations, Yashodhan Karulkar, Dev T. Vora, Siddharth Vaddepalli, Yash Thakur

Journal of International Technology and Information Management

Emojis have become an increasingly important aspect of consumer-brand interactions in the Indian subcontinent. However, the impact of emoji use on brand image and mental health remains underexplored, particularly in emerging economies like India, where structured research on this topic is limited. To address this gap, the present study analyzes over 4,600 consumer tweets related to 19 prominent brands across eleven industries. Using VADER sentiment analysis, the research develops a metric to assess consumer sentiment and brand engagement in relation to emoji usage. The findings indicate that effective integration of emojis contributes to positive consumer sentiment and enhanced brand engagement. …


Research On The Impact Of Factors For Successful Digital Transformation On Performance: A Case Study Of The Clothing Industry, Xiaoyun Qian Mar 2025

Research On The Impact Of Factors For Successful Digital Transformation On Performance: A Case Study Of The Clothing Industry, Xiaoyun Qian

Dissertations and Theses Collection (Open Access)

In recent years, enterprises in the clothing industry have experiencedvarying degrees of performance decline, primarily influenced bymacroeconomic cyclical factors and intrinsic industry issues. Firstly, under the influence of macroeconomic cycles, the clothing industry has demonstratedstrong cyclical characteristics. Since 2019, weakened global macroeconomic conditions have negatively impacted both clothing exports and domestic sales, coupled with a slowdown in China's macroeconomic growth, puttingsignificant pressure on the overall growth of the clothing sector. Secondly, the industry faces several internal challenges, including rising labor costs, severe supply-demand mismatches, overcapacity on the production side, and longinventory cycles. Digital transformation has emerged as an important optionfor …


An Analysis Of Unstructured Marketing Data To Aid Online Platforms, Qingli Zeng Mar 2025

An Analysis Of Unstructured Marketing Data To Aid Online Platforms, Qingli Zeng

Dissertations and Theses Collection (Open Access)

As digital platforms increasingly rely on unstructured data such as images, audio, and video to engage users, understanding how these sensory elements influence consumer behavior has become essential. This dissertation investigates the role of visual and auditory cues in shaping user engagement and decision-making in digital environments. Specifically, it examines how image distinctiveness and vocal tone characteristics affect consumer attention, interaction, and commitment across different online contexts.

The first essay explores the impact of image distinctiveness on consumer search behavior within a Southeast Asian real estate platform. Grounded in the Theory of Visual Attention (TVA), this study develops a novel …


How Do Firms Respond To Reduced Private Equity Buyout Activity?, Yi-Hsin Lo Mar 2025

How Do Firms Respond To Reduced Private Equity Buyout Activity?, Yi-Hsin Lo

Dissertations and Theses Collection (Open Access)

I investigate how firms respond to reduced private equity buyout activity in their home states by exploiting the state-by-state adoption of laws that increase the cost of buyouts. I find evidence suggestive of reduced firm efficiency. The firms also become less likely to go bankrupt or to relocate to other states. These findings suggest that the firms' managers may be starting to enjoy the quiet life. I also find a reduction in layoffs. Overall, the results indicate a trade-off: Whereas reduced private equity buyout activity increases managerial entrenchment, it also lowers firm exits and strengthens employees' job security.


The One Generates All Things: Founder Competencies And Firm Performance In Chinese Semiconductor Enterprises, Aiyang Wang Mar 2025

The One Generates All Things: Founder Competencies And Firm Performance In Chinese Semiconductor Enterprises, Aiyang Wang

Dissertations and Theses Collection (Open Access)

The semiconductor industry originated in the United States in the 1940s and serves as the cornerstone of the modern information technology industry. Semiconductors, hailed as the "grain of industry", are of utmost significance to China, a country that builds its foundation on manufacturing. With the escalation of China's industrial upgrading and global competition, a large number of semiconductor enterprises have been established in China in recent years.

Based on the Upper Echelons Theory, this paper commences from the literature on founder research in entrepreneurship studies, and in conjunction with small-sample interviews, proposes the "521" model for observing Chinese semiconductor enterprise …


Competitive Advantage Of Short Food Supply Chains For Organic Vegetables In India: A Multi-Stakeholder, Mixed Method Study Of Farmers, Consumers And Intermediaries, Bhoovarahan Thirumalai Nambakkam Mar 2025

Competitive Advantage Of Short Food Supply Chains For Organic Vegetables In India: A Multi-Stakeholder, Mixed Method Study Of Farmers, Consumers And Intermediaries, Bhoovarahan Thirumalai Nambakkam

Dissertations and Theses Collection (Open Access)

Competitive advantage of Short Food Supply Chains for organic vegetables in India – a multi-stakeholder, mixed method study of farmers, consumers and intermediaries.

Short food supply chains (SFSC) are characterized by one (or zero) intermediaries (structural proximity), short distance (geographic proximity), trusted relationships (relationship proximity) and alignment of values (values proximity) between consumers and farmers.

This multi-method case study investigates proximity of SFSCs as a driver for increased willingness to pay (WTP) by consumers for organic vegetables in a global south developing country - India. The study analyzed revealed preference (published prices of a conventional chain and SFSCs), stated preference …


Trade War And The Reshaping Of Global Supply Chain In The Automotive Industry, Feng Wang Mar 2025

Trade War And The Reshaping Of Global Supply Chain In The Automotive Industry, Feng Wang

Dissertations and Theses Collection (Open Access)

The China-US trade war disrupted nearly half a century of trade liberalization, impacting the global distribution of production and the configuration of supply chains. This paper focuses on automobile production and tire supply to analyze the impact of industrial layout changes during the China-US trade war on the global supply chain structure. The study finds that for US automobile production, the trade war presents both positive and negative effects. While tariffs on automobiles protect the local automotive market, the increased production costs due to tariffs on components place US-made cars at a competitive disadvantage in the global market, negatively affecting …


Research On The Mechanism Of China's Stock Market And The Efficiency Of Factor-Based Stock Selection Strategies, Huaixiang Xing Mar 2025

Research On The Mechanism Of China's Stock Market And The Efficiency Of Factor-Based Stock Selection Strategies, Huaixiang Xing

Dissertations and Theses Collection (Open Access)

Based on the data of 4280 firms listed on China's A-share market from 2010 to 2023, this paper constructs 20 market factors and 4 financial factors to systematically study multi factor stock selection strategies in China's stock market. Furthermore, this article analyzes the impact of China's capital market mechanisms on stock selection strategies, which include margin trading and securities lending mechanism, Mainland-Hong Kong Stock Connect mechanism, analyst coverage mechanism, and information disclosure mechanism. The main conclusions are as follows:

Firstly, this paper reveals that 12 market factors, including size, price, and liquidity are all effective pricing factors, and the strategy …


The Influence Of Venture Capitalists’ Value-Added Service On Capital Financing Outcome: A Research On Chinese Biotech Startups, Hao-Yu Huang Mar 2025

The Influence Of Venture Capitalists’ Value-Added Service On Capital Financing Outcome: A Research On Chinese Biotech Startups, Hao-Yu Huang

Dissertations and Theses Collection (Open Access)

China’s biotechnology sector has undergone rapid evolution, driven by government policy, capital market reform, and growing global demand for pharmaceutical innovation. Venture capitalists (VCs) have played an increasingly pivotal role not only as financiers but also as strategic partners offering value-added services (VAS). These interventions include operational mentorship, regulatory navigation, talent pipeline facilitation, and strategic repositioning. However, the extent to which such non-financial support influences financing outcomes across startup development stages remains underexplored—particularly in the context of China's unique institutional and industrial environment.

This dissertation examines how VC post-investment interventions affect the financing success of biotech startups in China. Drawing …


Research On Inheritance And Innovation Of Chinese Time - Honored Brands On Brand Attachment, Jiangbo Yin Mar 2025

Research On Inheritance And Innovation Of Chinese Time - Honored Brands On Brand Attachment, Jiangbo Yin

Dissertations and Theses Collection (Open Access)

Balancing inheritance and innovation to achieve brand revitalization is a pressing practical issue for both academia and industry. This study adopts a dual perspective of enterprises and consumers, selecting the Cantonese cuisine time-honored brand "Tao Tao Ju" as the research subject, and employs a mixed-methods combining qualitative and quantitative research to explore the mechanism on inheritance and innovation of Chinese time-honored brands on brand attachment.

Study 1 utilizes grounded theory to construct a multidimensional structure of inheritance and innovation of Chinese time-honored brands: inheritance dimensions include product and service inheritance, brand spirit inheritance, and historical and cultural inheritance; innovation dimensions …


Exploring Intelligent Manufacturing: How Artificial Intelligence Affects Productivity And Labor Demand At The Enterprise Level, Jie Gu Mar 2025

Exploring Intelligent Manufacturing: How Artificial Intelligence Affects Productivity And Labor Demand At The Enterprise Level, Jie Gu

Dissertations and Theses Collection (Open Access)

Manufacturing is a cornerstone of national economic health and social stability, yet it faces challenges such as declining profits, rising labor costs, and an aging workforce. In China, the manufacturing sector is undergoing a critical transformation, driven by technological advancements like artificial intelligence (AI) and the push for intelligent manufacturing. This study explores how AI revitalizes the manufacturing sector by enhancing enterprise productivity and reshaping labor demand, with a focus on quality inspection processes. Using a leading bearing factory as a case study, the research employs econometric models, A/B testing, and interviews to quantify AI’s impact on production efficiency, costs, …


Research On Motivations For Corporate Voluntary Environmental Transformation: An Analysis Based On Wwf, Lunyan Lu Mar 2025

Research On Motivations For Corporate Voluntary Environmental Transformation: An Analysis Based On Wwf, Lunyan Lu

Dissertations and Theses Collection (Open Access)

This study investigates the multidimensional motivations driving corporate voluntary environmental transformation and its subsequent impacts, with a focus on political contexts, industry characteristics, and leadership traits. Situated within the framework of additional transformation requirements proposed by environmental non-profit organizations (e.g., WWF), the research examines how environmental transformation serves as a strategic vehicle for corporations to demonstrate social responsibility practices and enhance market competitiveness through philanthropic engagements. By integrating theoretical construction and empirical analysis, this study advances the explanatory frameworks of corporate social responsibility (CSR) theory, stakeholder theory, and resource dependence theory.

This research first identifies intrinsic motivations for corporations to …


Analysis On Factors For The Success Of China's Industrial Parks -- "Crown Model" And Its Empirical Research, Ming Qiu Mar 2025

Analysis On Factors For The Success Of China's Industrial Parks -- "Crown Model" And Its Empirical Research, Ming Qiu

Dissertations and Theses Collection (Open Access)

Since the reform and opening-up policy, China has systematically promoted the development and construction of economic and technological development zones, high-tech industrial development zones, and various types of industry-focused functional parks by drawing on successful international models and integrating them with China’s context. This has been carried out from the central government to local governments to foster the clustering of regional industries, facilitate industrial upgrading, drive large-scale employment, increase GDP, generate continuous tax revenue, and accelerate urbanization. These efforts have been pivotal in transforming local economies and enhancing China’s competitive advantage in the global market. The author, with 20 years …


The Impact Of Marriage Status On Career Aspiration And Performance, Qiang Yi Mar 2025

The Impact Of Marriage Status On Career Aspiration And Performance, Qiang Yi

Dissertations and Theses Collection (Open Access)

This study explores the impact of marital status on employee workplace behavior and job performance. Specifically, it finds that compared to unmarried employees, married employees demonstrate higher career aspirations and job performance. Further analysis reveals that this effect is primarily driven by the enhancement of family and career commitments brought about by marriage. These increased commitments significantly contribute to the improvement of employees' career aspirations and job performance. Moreover, this study examines the gender differences in the influence of marital status on family and career commitments.

The results show that marriage has a stronger effect on promoting family commitments among …


Knowledge Judgment, Managerial Decision-Making, And Firm Performance: From The Perspective Of Entrepreneurial Spirit Reconfiguration In Second-Generation Family Businesses, Xinhua Li Mar 2025

Knowledge Judgment, Managerial Decision-Making, And Firm Performance: From The Perspective Of Entrepreneurial Spirit Reconfiguration In Second-Generation Family Businesses, Xinhua Li

Dissertations and Theses Collection (Open Access)

Since the reform and opening up, Chinese family businesses, as the main body of the private economy, have played a significant role in the development of the national economy. As the first - generation entrepreneurs are entering their later years, inter - generational succession has become an important issue. This doctoral thesis focuses on the dynamic reshaping process of the entrepreneurial spirit of the second - generation entrepreneurs in family businesses and explores how it affects the improvement of corporate performance. Based on the cutting - edge theories of Austrian economics, this study constructs a research framework of "knowledge judgment …