Article
Management
Karl Hagen Bjurstrom
Summary: This article examines how agency policy autonomy affects inter-agency coordination, finding that agencies with high autonomy tend to coordinate less with other agencies compared to those with low autonomy.
PUBLIC MANAGEMENT REVIEW
(2021)
Article
Public Administration
Jason Webb Yackee, Susan Webb Yackee
Summary: The American State Administrators Project (ASAP) is a decades-long survey of state agency leaders, providing a chronological portrait of their thoughts and actions. By using the ASAP dataset, it is possible to advance theory and knowledge of the modern administrative state through a focus on bureaucratic agents' role in formulating and administering public policy within a political environment. This shift in focus acknowledges the agency held by bureaucratic agents in modern governance.
PUBLIC ADMINISTRATION REVIEW
(2021)
Article
Green & Sustainable Science & Technology
Hideaki Sakawa, Naoki Watanabel
Summary: Family control has a positive impact on corporate innovation activity in publicly traded firms in Japan, supporting the stewardship theory perspective. Main bank ownership positively moderates the relationship between family control and research and development. The shareholder orientation of foreign shareholders suppresses family board members' long-term orientation.
Article
Business
Nadia Smaili, Wim Vandekerckhove, Paulina Arroyo Pardo
Summary: This paper uses an agency theory inspired lens to explore the complexity of handling internal whistleblowing and offers focal points for improving internal whistleblowing processes.
JOURNAL OF BUSINESS ETHICS
(2023)
Article
Management
Jinhai Yu
Summary: This study contrasts agency theory and stewardship theory by introducing the concept of public service motivation (PSM), and finds that the interactions between organizational structures and employee motivations play a crucial role in shaping organizational performance.
PUBLIC MANAGEMENT REVIEW
(2023)
Article
Business, Finance
Krishna Reddy, Nirosha Hewa Wellalage
Summary: This paper extends previous research by proposing that the relationship between family ownership and performance of entrepreneurial firms follows a quadratic inverse-U shape, which is moderated by family management and external blockholding. The hypotheses are tested on ten years of panel data from European firms and the analysis supports the proposed relationship. The findings have important implications for the theory and practice of entrepreneurial firms.
RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE
(2023)
Article
Engineering, Multidisciplinary
Kai Liu, Yufeng Liu, Hongmin Zhou, Yuanyuan Kou, Qiang Ji, Dan Li
Summary: This study introduces various variable parameters into a tripartite evolutionary game model based on evolutionary game theory, analyzing behavioral strategies and discussing the stability of system equilibrium. The research also examines the impact of these parameters on the evolutionary games, and presents a dynamic mechanism for collaborative behavior under limited rationality. The study concludes that the key to driving participants towards collaborative behavior lies in the owner's supervision.
ALEXANDRIA ENGINEERING JOURNAL
(2021)
Article
Economics
Howard Ashcraft
Summary: This paper examines integrated project delivery (IPD) as a collaborative contractual approach that alters a project's structures to improve outcomes. The author provides a critical analysis of IPD based on insights from structuring over 150 IPD projects and current research.
OXFORD REVIEW OF ECONOMIC POLICY
(2022)
Article
Economics
Ratikant Bhaskar, Shashank Bansal, Wajih Abbassi, Dharen Kumar Pandey
Summary: The study finds that total compensation typically follows stewardship theory and positively impacts CSR engagement, breadth, and depth; while fixed and variable compensations adhere to agency theory and have negative and positive impacts on CSR engagement, breadth, and depth, respectively. The research also reveals that high-leverage firms demonstrate baseline results in external control, while non-business group firms exhibit baseline results in internal control. Moreover, in terms of institutional ownership, total compensation and variable compensation follow stewardship and agency theories, respectively, and positively affect CSR engagement, while fixed compensation is unaffected by institutional ownership in influencing CSR engagement.
ECONOMIC ANALYSIS AND POLICY
(2023)
Article
Hospitality, Leisure, Sport & Tourism
Angela Mai Chi Chu, Cathy H. C. Hsu
Summary: The study found that changes in travelers' booking habits and business practices in Mainland China have led to power imbalances between cruise companies and travel agents. As the number of agents grows, they begin to overpower the cruise companies, and alliances among travel agents further impact the principal-agent relationship.
JOURNAL OF HOSPITALITY & TOURISM RESEARCH
(2021)
Article
Business
Chong Chen, Huijie Cui, Yanan Zhang
Summary: This paper examines the impact of CEO duality on bank loan contracting costs. The findings indicate that CEO duality results in stricter loan contracting terms, including higher loan rates and shorter loan maturity. The results are robust after conducting various tests and are more pronounced for firms facing higher internal and external uncertainties. Information asymmetry and CEO entrenchment are identified as potential channels through which CEO duality increases bank loan contracting costs. The evidence supports the agency theory view that CEO duality increases credit risk and leads to stricter bank loan contracting terms.
EMERGING MARKETS FINANCE AND TRADE
(2022)
Review
Pharmacology & Pharmacy
Shan Liu, Xue Wu, Sutapa Chandra, Christopher Lyon, Bo Ning, Li Jiang, Jia Fan, Tony Y. Hu
Summary: Extracellular vesicles (EVs) are important carriers in cell-to-cell communication, transferring substances such as DNA and RNA to recipient cells. EVs, with excellent biocompatibility and stability, can be used as therapeutic carriers for signal transduction, immunoregulation, and other therapeutic effects. This review summarizes the classification, isolation, and characterization strategies of EVs, and highlights recent advances in the application of EV therapeutics in in vitro research, in vivo animal models, and clinical settings.
ACTA PHARMACEUTICA SINICA B
(2022)
Article
Business, Finance
Madhur Bhatia, Rachita Gulati
Summary: This study utilizing a meta-analytic review of 56 studies on corporate governance in the banking industry between 2007 and 2019, reveals that larger boards, a higher proportion of outside and female directors are positively associated with bank performance. The research also highlights the significant impact of moderating variables on the relationship between board governance and bank performance.
RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE
(2021)
Article
Business
Nicola Raimo, Filippo Vitolla, Arcangelo Marrone, Michele Rubino
Summary: This study examined the impact of audit committee attributes on integrated reporting quality (IRQ) from an agency theory perspective. The results showed that the size, independence, and meeting frequency of the audit committee have a positive effect on IRQ, while financial expertise does not have a significant impact.
BUSINESS STRATEGY AND THE ENVIRONMENT
(2021)
Article
Business
Helen Wei Hu, Dean Xu
Summary: The study found that CEO pay in Chinese state-owned enterprises is related to the return on assets and job creation, with the relationship being influenced by factors such as hierarchical levels within business groups, political competition, and non-state second-largest shareholders.
JOURNAL OF MANAGEMENT
(2022)
Article
Green & Sustainable Science & Technology
Magnus Hellstrom, Kim Wikstrom, Kent Eriksson
Summary: This study explores the comprehensive analysis required for sustainable development, highlighting the importance of delivery models in infrastructure investments. By comparing traditional delivery models with systemic ones, the research found that sustainability is currently under-researched in the systemic infrastructure delivery field, despite its substantial potential in delivering benefits to PPP infrastructures.
Article
Green & Sustainable Science & Technology
Benedikte Wralsen, Vanessa Prieto-Sandoval, Andres Mejia-Villa, Reyn O'Born, Magnus Hellstrom, Bernhard Faessler
Summary: Research on circular business models focusing on battery recycling and second use is growing. The preferred circular business model includes multiple strategies, with national and international regulations and policies being the key driver, financial viability as the major barrier, and governments and vehicle manufacturers as critical stakeholders.
JOURNAL OF CLEANER PRODUCTION
(2021)
Article
Business
Anastasia Tsvetkova, Magnus Hellstrom, Henrik Ringbom
Summary: This study examines the challenges and barriers encountered when introducing product-service-software systems (PSSS) to the market, using institutional theory and autonomous ships as a case study. The research identifies institutional barriers related to regulatory, normative, and cultural-cognitive pillars that affect the formation of ecosystem around PSSS. The main contribution is the analysis of early ecosystem dynamics and the mutual adaptation between PSSS value proposition and the structure of the incumbent ecosystem.
INDUSTRIAL MARKETING MANAGEMENT
(2021)
Article
Transportation
Anastasia Tsvetkova, Magnus Hellstrom
Summary: The article analyzes the different aspects of value creation by Maritime Autonomous Surface Ships (MASS), including the impact of crew reduction and increased ship intelligence on costs, earnings, safety, and system value, as well as the actors for whom this value is created. The article also highlights the changing roles of different actors in the maritime logistics ecosystem and the need to develop complementary infrastructure and activities.
MARITIME ECONOMICS & LOGISTICS
(2022)
Review
Green & Sustainable Science & Technology
Ignat Kulkov, Magnus Hellstrom, Anastasia Tsvetkova, Johan Malmberg
Summary: Sustainability is a new trend in the cruise shipping industry that requires further research on the changes and processes impacting the industry. However, there is currently a lack of comprehensive and systematic reviews of academic literature on this topic. Our research sample includes 56 articles, covering themes such as corporate social responsibility, territory management, and sustainable behavior training. These themes explore various use cases for sustainable cruise tourism and provide a conceptual framework for understanding industry trends. We identify several areas for further research.
Review
Education & Educational Research
Magnus Mikael Hellstrom, Dominique Jaccard, Knut Erik Bonnier
Summary: Project management education can effectively use serious games for active learning. This study aims to understand the objectives of using serious games in project management education. A systematic review of 43 articles revealed that serious games are used for pedagogical reasons to develop specific skills and for practical reasons to provide a risk-free trial environment. This research suggests a taxonomy of reasons for using project management games in higher education and highlights the need for further research on their implementation in pedagogical scenarios.
INTERNATIONAL JOURNAL OF SERIOUS GAMES
(2023)
Article
Transportation
Johnny Langstedt, Jonas Spohr, Magnus Hellstrom, Anastasia Tsvetkova, Erik Niemela, Joakim Sjoblom, John E. Eriksson, Kim Wikstrom
Summary: This study, using a mixed-methods research design, reveals the factors considered by cruiseferry operators in their responses to the pandemic and customers' attitudes towards countermeasures, providing insights into reducing customers' perceived health risks.
TRANSPORTATION RESEARCH INTERDISCIPLINARY PERSPECTIVES
(2022)
Article
Management
Ignat Kulkov, Magnus Hellstrom, Kim Wikstrom
Summary: The paper aims to investigate conservative business ecosystems and identify opportunities for new companies to create value. A design-oriented case study was conducted, focusing on a start-up commercializing university research. Results suggest that cooperation between product suppliers and opinion leaders is crucial for supporting biomedical business ecosystems, and the success of new products depends on the interest of professional communities.
INTERNATIONAL JOURNAL OF VALUE CHAIN MANAGEMENT
(2021)
Article
Business
Ignat Kulkov, Bjorn Berggren, Magnus Hellstrom, Kim Wikstrom
Summary: New technologies such as virtual and augmented reality are fundamentally changing the medical industry by providing new ways of communication, treatment, education, and specialized training. However, there is limited research on the business models of new ventures targeting the medical industry. Through multiple case studies, this research analyzes how virtual and augmented reality companies create value for their customers in the medical industry, identifying key design elements and themes of their business models.
JOURNAL OF ENGINEERING AND TECHNOLOGY MANAGEMENT
(2021)
Article
Business
Ignat Kulkov, Wilhelm Barner-Rasmussen, Maria Ivanova-Gongne, Anastasia Tsvetkova, Magnus Hellstrom, Kim Wikstrom
Summary: This study explores how the personal social capital of opinion leaders contributes to the market adoption of start-up innovations through a case study approach. The findings suggest that social capital facilitates collaboration between start-ups and opinion leaders based on specific parameters.
JOURNAL OF BUSINESS & INDUSTRIAL MARKETING
(2021)
Article
Business
Ignat Kulkov, Magnus Hellstrom, Kim Wikstrom
Summary: This study aims to investigate the role and characteristics of life science accelerators in the business ecosystem. The findings suggest that cooperation, entrepreneurial skill development among participants, and demand-based project approach are key factors that influence the existing business ecosystems.
EUROPEAN JOURNAL OF INNOVATION MANAGEMENT
(2021)
Article
Management
Tor Helge Aas, Karl Joachim Breunig, Magnus Mikael Hellstrom, Katja Maria Hydle
INTERNATIONAL JOURNAL OF INNOVATION MANAGEMENT
(2020)
Article
Business
Ignat Kulkov, Bjorn Berggren, Kent Eriksson, Magnus Hellstrom, Kim Wikstrom
JOURNAL OF SMALL BUSINESS AND ENTERPRISE DEVELOPMENT
(2020)
Article
Management
Eva Riis, Magnus Mikael Hellstrom, Kim Wikstrom
INTERNATIONAL JOURNAL OF PROJECT MANAGEMENT
(2019)
