Article
Business, Finance
Habiba Al Shaer, Ali Uyar, Cemil Kuzey, Abdullah S. Karaman
Summary: Although previous research has examined the relationship between corporate social responsibility (CSR) and firm value, little attention has been paid to the distinction between optimal and excessive CSR. This study investigates whether shareholders punish or reward excessive CSR engagement, considering the moderating effects of cash flow and firm growth. The findings suggest that both optimal and excessive CSR can increase firm value, but optimal CSR has a stronger impact. Cash flow positively moderates the relationship, while firm growth negatively moderates it. The results are robust across different CSR proxies, industry-adjusted firm value measures, public governance indicators, and endogeneity concerns.
INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS
(2023)
Article
Management
Meng Chen, Hefu Liu, Xinlin Tang
Summary: This study investigates the U-shaped effect of supplier portfolio concentration on firm innovation and identifies the contingencies of financial slack and growth opportunities. The findings contribute to understanding the influence of supplier portfolio on firm innovation.
INTERNATIONAL JOURNAL OF OPERATIONS & PRODUCTION MANAGEMENT
(2022)
Article
Business
Majdi Karmani, Cemil Kuzey, Ali Uyar, Abdullah S. Karaman
Summary: This paper examines the relationship between corporate social responsibility (CSR) and advertising as two visibility channels for firms. The study finds that CSR performance is negatively associated with advertising, except for the governance pillar. The study also explores the moderating effects of board gender diversity, CSR committees, and financial slack on the relationship between CSR and advertising.
CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT
(2023)
Article
Green & Sustainable Science & Technology
Zhe Liu, Chenghao Jiao, Yudong Zhang, Jiaji Wang
Summary: This study explores the impact of supply chain collaboration on firm performance and the roles of collaborative advantage and government subsidies in this process. Through literature review, theoretical framework, questionnaire survey, and structural equation modelling analysis, the results show that supply chain collaboration is fundamental in shaping collaborative advantage and enhancing firm performance, with government subsidies acting as a catalyst in further enhancing the positive outcomes of collaboration and benefiting firm performance.
Article
Business, Finance
Ali Uyar, Suman Lodh, Monomita Nandy, Cemil Kuzey, Abdullah S. Karaman
Summary: This paper explores the tradeoff between corporate investment and corporate social responsibility (CSR) with the moderating effects of financial slack, human resources slack, and board gender diversity. Using a sample of 44,129 firm-year observations from 2005 to 2019, the study finds that corporate investment significantly reduces CSR engagement in all three pillars (environmental, social, and governance). Financial slack positively moderates the relationship between corporate investment and CSR, while human resources slack and board gender diversity negatively moderate this relationship. The results are robust to various factors and highlight the dominance of the shareholders' perspective in this tradeoff.
INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS
(2023)
Article
Business
Ye Lim Jung, Hyoung Sun Yoo
Summary: This study aims to explore the impact of ESG activities on firm performance and how the competitive market environment moderates this relationship. Using panel data regression analysis, the study finds a U-shaped relationship between ESG performance and market capitalization, and a positive linear relationship between ESG performance and profit margin or return on assets. Importantly, the study shows that market competition negatively moderates these relationships. The findings provide new evidence on the relationship between ESG performance, firm performance, and market competition.
CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT
(2023)
Article
Business
Wenwen Zhang, Yi-Bin Chiu
Summary: Using multifaceted financial development indicators and a dynamic panel threshold model, this study finds that different regimes of financial development have different effects on Chinese renewable energy firm performance through the interactive channel of country risks and subsidies. A high level of composite financial development strengthens the positive interaction effect between composite risk and subsidies on renewable energy firm performance, and a high level of banking sector development and stock market development, respectively, weakens and strengthens the negative interaction effect between composite risk and subsidies on renewable energy firm performance. These threshold effects of financial development on renewable energy firm performance are also different when using economic, political, and financial risk indicators, and they also change with different ownership attributes. Thus, the Chinese government needs to improve the level of composite financial development and create a stable composite risk environment to achieve fully the potential of subsidies in promoting renewable energy firm performance.
EMERGING MARKETS FINANCE AND TRADE
(2023)
Article
Business
Jeongwon Lee, Junseok Hwang, Hana Kim
Summary: This study examines the effects of government support on emerging and mature ICT sectors, finding that government support has a greater impact in the emerging ICT sector and has a more stimulating effect on young firms.
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE
(2022)
Article
Green & Sustainable Science & Technology
Wenwen Zhang, Yi-Bin Chiu, Cody Yu-Ling Hsiao
Summary: This study empirically explores the relationship between country risks and renewable energy firms' performance, as well as the moderating effect of government subsidies on this relationship. The results show that reducing economic and financial risks improves firm performance, while reducing political and composite risks leads to a decline in firm performance. Additionally, subsidies have a negative moderating effect on the relationship between country risks and firm performance. State-owned and private-owned renewable energy firms exhibit different relationships among country risks, subsidies, and firm performance, with private-owned firms being more sensitive to country risks.
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2022)
Article
Management
Jialin Song, Yiyi Su, Taoyong Su, Luyu Wang
Summary: This study examines the effects of government subsidies on firm performance from a resource-based view, finding that subsidies are negatively related to performance. Market power exacerbates this negative effect, but intense industry competition can neutralize it. The least efficient use of government subsidies occurs when firms have market power and low industry competition.
CHINESE MANAGEMENT STUDIES
(2022)
Article
Business
Die Hu, Lu Qiu, Maoyan She, Yu Wang
Summary: The study shows that government green subsidies positively influence firms' financial performance through encouraging green product innovation, with higher absorptive capacity and market turbulence amplifying this indirect effect.
BUSINESS STRATEGY AND THE ENVIRONMENT
(2021)
Article
Green & Sustainable Science & Technology
Boqiang Lin, Aoxiang Zhang
Summary: Exploring the relationship between government subsidies, market competition, and the total factor productivity (TFP) of new energy enterprises can help optimize renewable energy support policies in the context of carbon neutrality constraints and energy demand growth. The study finds that government subsidies have a positive effect on the TFP of new energy enterprises, with larger effects on non-SOEs, midstream and upstream enterprises, and smaller enterprises. Market competition moderates the effect of government subsidies on TFP, with industry competition having a negative moderating effect and enterprise competition power having a positive effect.
Article
Business
Eduardo Duque-Grisales, Javier Aguilera-Caracuel
Summary: This study found a significantly negative relationship between ESG scores and financial performance, with negative relationships observed between environmental, social, and governance factors when studied separately. The moderating effects of financial slack and geographic international diversification on the relationship between ESG dimensions and firms' financial performance were also highlighted.
JOURNAL OF BUSINESS ETHICS
(2021)
Article
Business
Ting Liang, Yue-Jun Zhang, Wei Qiang
Summary: Technological innovation can improve the environmental performance of energy firms by reducing carbon emissions intensity, but this effect is weakened by government subsidies and negative media coverage.
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE
(2022)
Article
Psychology, Applied
Kwanghyun Kim, Chiho Ok, Sung-Choon Kang, Johngseok Bae, Kiwook Kwon
Summary: The study found that unabsorbed slack and industry instability moderate the relationship between high-performance work systems (HPWS) and firm performance.
HUMAN RESOURCE MANAGEMENT
(2021)
Article
Engineering, Industrial
Hiroshi Matsuhisa, Nobuo Matsubayashi
Summary: This study investigates the formation of an alliance between competing manufacturers and a monopolistic platform retailer, and analyzes the impact of the degree of differentiation among manufacturers on the formation of the alliance and the profitability of the retailer.
INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS
(2024)
Article
Engineering, Industrial
Lingxuan Kong, Ge Zheng, Alexandra Brintrup
Summary: Supply Chain Financing is used to optimize cash flows in supply networks, but recent scandals have shown inefficiencies in risk evaluation. This paper proposes a Federated Learning framework to address order-level risk evaluation.
INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS
(2024)
Article
Engineering, Industrial
Jing Gu, Xinyu Shi, Junyao Wang, Xun Xu
Summary: The asymmetric market power between a firm and its partners negatively affects the firm's financial performance. Building relationships with suppliers or customers that have matched market power is the best approach. The strength of the buyer-supplier relationship amplifies the negative impact of asymmetric market power, while the level of relationship embeddedness reduces its negative effect. Moreover, firm-specific institutional, industry, and regional economic heterogeneities also influence the financial impact of asymmetric market power.
INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS
(2024)
Article
Engineering, Industrial
Yu Du, Jun-qing Li
Summary: This study investigates the group scheduling of a distributed flexible job shop problem using the concrete precast process. The proposed solution utilizes three coordinated double deep Q-networks (DQN) as a learn-to-improve reinforcement learning approach. The algorithm shows superiority in minimizing costs and energy consumption.
INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS
(2024)
Article
Engineering, Industrial
Xiaoyu Yan, Weihua Liu, Ou Tang, Jiahe Hou
Summary: This study analyzes the market amplification effect and the impact of entrant's overconfidence on a two-sided platform. The results show that overconfident entrants can lead to price increases and benefit both the existing firms and themselves to a certain extent.
INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS
(2024)
Article
Engineering, Industrial
Illya Kaynov, Marijn van Knippenberg, Vlado Menkovski, Albert van Breemen, Willem van Jaarsveld
Summary: The One-Warehouse Multi-Retailer (OWMR) system is a typical distribution and inventory system. Previous research has focused on heuristic reordering and allocation strategies, which are time-consuming and problem-specific. This paper proposes a Deep Reinforcement Learning (DRL) algorithm for OWMR problems, which infers a multi-discrete action distribution and improves performance with a random rationing policy.
INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS
(2024)
Article
Engineering, Industrial
Yimeng Sun, Ruozhen Qiu, Minghe Sun
Summary: This study considers a multi-period inventory management problem for a retailer offering limited-time discounts and having a joint service-level requirement under demand uncertainty. It proposes a double-layer iterative approach to solve the problem and maximize total profit while balancing the service level using a posteriori method and an affinely adjustable robust chance-constrained model.
INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS
(2024)
Article
Engineering, Industrial
Anas Neumann, Adnene Hajji, Monia Rekik, Robert Pellerin
Summary: This paper presents a new mathematical formulation for planning and scheduling activities of Engineer-To-Order (ETO) projects, along with a new ETO strategy to reduce the impacts of design uncertainty. The study proposes a hybrid Layered Genetic Algorithm combined with an adaptive Lamarckian learning process (LLGA) and compares it with the branch-and-cut procedure of CPLEX. The results show good performance of the proposed mathematical model for small and medium-sized instances.
INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS
(2024)
Article
Engineering, Industrial
Thilini Ranasinghe, Chanaka D. Senanayake, Eric H. Grosse
Summary: Production systems are undergoing transformative changes, necessitating adaptability from human workers. This study developed an analytical model to account for stochastic processing times and learning heterogeneity, revealing insights into system performance.
INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS
(2024)
Article
Engineering, Industrial
Sunil Tiwari, Pankaj Sharma, Ashish Kumar Jha
Summary: Black Swan events such as the COVID-19 pandemic and the Suez Canal blockage have a significant impact on firms' technology adoption decisions, especially in terms of disruptions and digitalization in the supply chains. This study investigates the influence of institutional forces and environmental contingencies on supply chain digitalization from an institutional and contingency theory perspective. The findings emphasize the importance of organizational readiness and people readiness, including top management involvement and employee training, in facilitating digitalization.
INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS
(2024)
Article
Engineering, Industrial
Fabio Neves-Moreira, Pedro Amorim
Summary: Omnichannel retailers are using stores as distribution centers to provide faster online order fulfillment services. However, in-store picking operations can impact the offline customer experience. To address this, we propose a Dynamic In-store Picker Routing Problem (diPRP) that minimizes customer encounters while fulfilling online orders. Our solution approach combines mathematical programming and reinforcement learning to find efficient picking policies that reduce customer encounters.
INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS
(2024)
Article
Engineering, Industrial
Richard Kraude, Ram Narasimhan
Summary: In this study, the relationship between Vertical Integration (VI) and Environmental Performance (EP) is examined, revealing that highly integrated firms produce less waste but engage in fewer environmental initiatives. These findings are crucial for understanding the impact of stakeholder exposure on organizational behavior.
INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS
(2024)
Review
Engineering, Industrial
Korina Katsaliaki, Sameer Kumar, Vasilis Loulos
Summary: This research conducts a systematic literature review (SLR) and content analysis on Supply Chain Coopetition (SCC) through the PRISMA framework. It examines the theory of coopetition and organizational relationships in intra-firm and inter-firm supply chains, focusing on collaboration between rival manufacturers. The study identifies structures and mechanisms of coopetition, such as buyer-supplier coopetition, supply networks coopetition, and production and distribution/logistics coopetition. It provides a holistic approach to SCC management practices and serves as a guide for future research.
INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS
(2024)