Empirical Assessment of Money Demand Stability Under India’s Open Economy: Non-linear ARDL Approach

Journal of Quantitative Economics - This study explores stability issues of money demand in the wake of a new economic policy regime of India’s open economy, particularly since the 1990s. The...     

从发展差距角度看民族地区建设小康社会的艰巨性——以新疆为例

全面建设小康社会,区域难点在民族地区,城乡难点在农村。少数民族地区的农牧区处于此二者的交汇处,属我国全面建设小康社会的难中之难。全面建设小康社会这一宏伟目标能否顺利实现,关键在于民族地区农牧区居民收入与生活水平是否能达到小康标准。从民族地区农村居民收入的增长趋势看,现阶段很难达到目标。因此,未来的关键是下大力气增加农牧民收入,并加快增长速度。     

Revenue management for make-to-order manufacturing systems with a real-life application

Abstract

Due to successful applications of revenue management in the airline industry, in recent years, there has been a growing interest to adopt revenue management in make-to-order (MTO) manufacturing systems. Several interrelated decision problems such as order acceptance/rejection, short-term capacity planning, due date assignment, and order scheduling need to be studied simultaneously in order to manage revenues effectively in MTO manufacturing systems. Both the producer’s and customer’s requirements need to be taken into account through some negotiation mechanisms that are sensitive to the service-level reputation of the manufacturing companies. In this article, we propose a new dynamic bid price–based revenue management model that considers all of the aforementioned decision problems simultaneously. A simulation optimization approach is utilized in order to determine the best possible values of control parameters for bid price, due date assignment, and price increment/reduction mechanisms. The performance of the proposed integrated revenue management model is tested on both a hypothetical example and a real problem of a bridal gown company. The computational results show that the proposed model provides significant improvements in total revenue compared to other static and dynamic bid price policies.     

LOYAUTÉ ET PERFORMANCE: UNE ANALYSE EMPIRIQUE DANS UN RÉSEAU COOPÉRATIF BANCAIRE

RESUME:  Dans cet article, nous analysons la relation entre l'orientation-marché, la position concurrentielle, la loyauté et la performance financière de l'entreprise. L'analyse empirique, basée sur une approche d'équations structurelles, est menée en contexte coopératif. Notre modèle s'appuie sur l'approche des ressources et intègre les inputs opérationnels, le profil stratégique, la position concurrentielle, la loyauté-client ainsi que la performance de l'entreprise (croissance des ventes et rentabilité). Les résultats obtenus supportent le lien entre la stratégie d'orientation-marché et la performance de l'entreprise en contexte coopératif (secteur bancaire) alors que le rôle de médiation de la loyauté relativement aux dimensions stratégiques est démontré.     

Conceptualization of enterprise systems education using an experiential learning framework

The use of enterprise systems to facilitate cross-functional integration within an organization's functional areas is becoming increasingly important. Business schools around the globe have realized the importance of using enterprise systems to facilitate the teaching of business processes and business processes transformation. The authors adopt an experiential learning pedagogical framework for enterprise systems education to conceptualize the results of the experience obtained by using experiential learning in one enterprise systems course.     

A development bank’s choice of private equity partner: a behavioural game-theoretic approach*

ABSTRACT

We develop a formal game-theoretic analysis of the economic (value-adding abilities) and behavioural factors (empathy, emotional excitement, passion) affecting a development bank’s choice of private-equity partner when investing into emerging market entrepreneurship. Triple-sided moral hazard (TSMH) problems occur in the form of effort-shirking, since the bank, the PE-manager, and the entrepreneur all contribute to value-creation. The bank’s investment choices are crucially affected by a) the relative abilities and the potential level of empathy, excitement and passion that may be generated between a PE-manager and an entrepreneur, and b) the personal emotional attachment that the bank develops towards a PE. The severity of TSMH increases inefficiencies in decision-making. Finally, we consider, in addition to political risk mitigation, an additional impact that the bank may have on PE/E value-creation: the bank may have a coaching/mentoring role. Our analysis has implications for academics and practitioners alike.     

Correction to: Determinants of agricultural entrepreneurship: a GEM data based study

International Entrepreneurship and Management Journal - The original article has been corrected. The spelling of author name Amit Kumar Dviwedi was incorrect and has now been corrected to Amit...     

Determinants of agricultural entrepreneurship: a GEM data based study

The aim of this study is to explain the determinants of entrepreneurship in agriculture industry. What are the drivers of early stage entrepreneurial activity of agri-business entrepreneur and how it is influenced by various cognitive and social capital factors? To answers these questions various driving factors of entrepreneurial activity have been explored from the literature. To achieve the objective, the study uses APS (Adult Population Survey) 2013 data of 69 countries provided by GEM (Global Entrepreneurship Monitor). Total number of respondents 1470, those who are alone or with others, currently trying to start a new business, including any self-employment or selling any goods or services to others in Agriculture Industry, were selected from the data set. To measure the influence of cognitive and social capital factors on early stage entrepreneurial activity logistic regression was employed. The findings show that those who see entrepreneurial opportunities, are confident in their own skills and ability, having personal relationship or social networks with existing entrepreneurs, and have invested in others business as business angels are more likely to become an entrepreneur. Additionally, fear of failure or risk perception does not prevent people to become entrepreneur. Policy implications have been discussed. This is one the first study of its kind and contributes to the existing literature by explaining agricultural entrepreneurship through an integrated approach of entrepreneurial cognition and social networking.

     

The strategic interaction between managers and workers in Soviet industrial enterprises: Work-place motivation and economic performance

We construct a model of Soviet industrial enterprises, examining the strategic interaction between managers and workers as technology and workers' pay/performance relations evolve. Before 1965, when both players started sharing a bonus fund, workers received piece wages and selected their effort independently of management. With standardised technology, this regime fostered economic growth, at least until the weakening of the pay/performance nexus in 1965. After 1965, the game changed: anything making one player less motivated engendered a similar action by the other. The economy's vulnerability as technology changed and inflation weakened motivation no doubt contributed to its recent collapse.