Although research suggests knowledge spillovers often benefit imitators at the expense of originators, we investigate how originating firms may also from their own spillovers. When an firm's are recombined with complementary by recipient firms, a spillover pool is formed, containing opportunities for originator to learn vicariously recipients. In longitudinal study 87 telecommunications manufacturers, found that rate innovation and extent which these innovations integrate greater when this...

This study explores the potential benefits of executive hubris to firm innovation. Grounded in upper echelons theory and innovation literature, hypotheses were developed tested two studies with different contexts methods. Study 1 uses a set cross-sectional survey data on large sample Chinese CEOs manufacturing industries. 2 longitudinal archival U.S. public firms high-tech Both render robust support authors’ main theoretical prediction—that is positively related The authors further found...

Purpose The purpose of this paper is to examine the relationship between working capital management (WCM) and firm performance in context Chinese economy. Specifically, it investigates effects ownership structures as an internal factor institutional environments (IE) external shaping relationship. Design/methodology/approach study applies two-way fixed effect regression models a sample listed manufacturing firms for period 2010 2017. WCM measured by cash conversion cycles (CCC);...

Knowledge spillover occurs when recipient firms combine the knowledge of an originating firm with other knowledge. When firm's that is unfamiliar to firm, potentially provide insight on viability exploring such By mimicking its firms, reduces challenge and uncertainty domains. We examine exploration activities 87 telecommunications equipment manufacturers over a ten-year time period. argue those operate in competitive dynamic market environments promoting conservative risk-taking behavior...

Purpose As an important emerging topic in recent years, reviews on tourism and hospitality social entrepreneurship (THSE) by theme remain limited. This paper aims to map the current publication trends, reveal formation path identify future research directions of THSE, providing comprehensive in-depth insight. Design/methodology/approach study presents a systematic review 89 articles THSE published Web Science, ScienceDirect EBSCOhost. It follows grounded theory classify literature expert...

Abstract Employee ownership (EO) has gained increasingly significant attention from both business practitioners and policy makers in China. Through the examination of implementation EO by China's listed firms 1992 to 2017 with a total 3,396 36,559 firm‐year observations, we explored relationship between firm performance. In general, found that over time, outperform non‐EO China, influence is only different nuanced aspects time periods according change policies. The data most recent period,...

ABSTRACT We study the impact of formal and informal institutions perceived experienced by firms on their innovation using 2012 World Bank Enterprise Survey data in China. propose a framework to identify different innovator types firms. Our analysis shows that (1) constraints from governmental system make more likely be innovators than non-innovators; (2) legal imitators innovators; (3) lack finance makes non-innovators (4) prevalence bribery but less pretenders innovators. enriches...

Abstract In a two‐period life‐cycle model with ex ante homogeneous households, earnings risk, and general function, we derive the optimal linear labor tax rate education subsidies. The income trades off social insurance against incentives to work. Education subsidies are not used for insurance, but they only targeted at offsetting distortions of internalizing fiscal externality. Both rates increase if more complementary, because indirectly lower by stimulating supply. Optimal (taxes) also...

The effective participation of rural residents in tourism social entrepreneurship can improve their quality life and promote community transformation. Hence, it is important to understand the strategies process mobilization by entrepreneurs. This study focuses on strategy village cadre, who play dual roles an entrepreneur a policy implementer mobilize participate collective mechanism for changing residents’ attitudes China context, using longitudinal research method nonparticipatory...

ABSTRACT In a transitional economy such as China's, when resources are unevenly distributed across different sectors, the disadvantaged sector may seek growth path that bypasses resource constraints. We investigated this phenomenon in context of Chinese real estate industry. By comparing post–merger and acquisition (M&A) performance acquiring firms between state-owned enterprises (SOEs) privately-owned (POEs), we attempted to show POEs better performers market should they be granted...

In a model with ex-ante homogenous households, earnings risk and general function, we derive the optimal linear labor tax rate education subsidies. The income trades off social insurance against incentives to work invest in human capital. Education subsidies are not used for insurance, but only targeted at off-setting distortions of internalizing fiscal externality. Both rates increase if more complementary, since indirectly lower by stimulating supply. Optimal (taxes) also correct non-tax...

Abstract In 2013, the Chinese government implemented Rule No. 18, which suspended directorships of incumbent officials and precluded those who retired within past three years from serving as independent directors for listed firms. The surprise implementation 18 triggered a wave resignations among official (OIDs). event provided unique opportunity to examine impacts political connections board members on firm performance. We applied difference-in-difference technique empirically investigate...

Abstract In this paper, we provide a two‐country, two‐class model of asymmetric capital tax competition. We show formally that poor people living in small countries can benefit from competition and therefore they are favor it. order to inflow larger countries, smaller accept less within‐country income redistribution. As consequence, between‐country inequality is increased by

Purpose This paper aims to study how state ownership influences the innovation process in terms of allocating resources toward searching for new solutions and converting these efforts into economic value. On one hand, deep pockets provide slack that may facilitate risk taking innovation. other soft budgets can create incentive problems dampen efficient use resources. The authors suggest accounting competitive context disentangle countervailing forces. Design/methodology/approach a panel over...

We consider how state ownership influences the innovation process in terms of allocating resources toward searching for new solutions, and converting these efforts into economic value. On one hand, deep pockets provide slack that may facilitate risk taking innovation. other soft budgets can create incentive problems dampen efficient use resources. suggest accounting competitive context disentangle countervailing forces. Using a sample over 240,000 Chinese firms we found when private-sector...

The current financial crisis has brought Europe to a critical juncture. In this paper, we map fiscally the United States of Europe. We simulate an optimal EU-wide income tax and calculate implied cross-country transfers. comparison transfers with real shows how insufficient actual are in reducing disparities across EU. Moreover, evaluate chances for stronger European fiscal integration within different (core-) groups member states, illustrate winners losers from redistribution Union. While...

We formulate a two-period life-cycle model of saving, labor supply, and human capital investments when individuals differ in ability initial wealth. Borrowing constraints prevent to optimally smooth consumption over the invest capital. show that optimal linear income tax is positive - even absence any redistributional concerns. A progressive efficient because it relaxes borrowing by redistributing resources from unconstrained constrained stages life-cycle. Hence, smoothed better increase....

To analyze the optimal social insurance package, we set up a two-period life-cycle model with risky human capital investment in which government has access to labor taxation, education subsidies and taxation. Social is provided by redistributive Moreover, both taxation are used as catalysts facilitate mitigating distortions from We derive Ramsey-rule for combination of these two instruments. Relative increase their relative effectiveness boost supply households’ underinvestment into...