Domestication experiments reveal developmental link between friendliness and cognition

The goal of economics is to understand human preferences. Most research focuses on adult humans and does not take an evolutionary approach. In biology experimental evolution has been able to shift the preferences of animals. As an example, artificial selection for friendly behavior toward humans results in a syndrome of changes that strongly resembles differences between wild and domestic animals. These domestication experiments have revealed precise genetic and neurobiological systems that are altered by the selection and linked through expanded windows of development. Similar evolutionary experiments selecting for a range of social, risk or discounting preferences could push economics toward consilience with biology. Prospects for a unified theory of economic behavior would be drastically improved.     

Integrating Behavioral Decision Theory and Sustainable Supply Chain Management: Prioritizing Economic,Environmental, and Social Dimensions in Carrier Selection

Carrier selection is a specialized sourcing decision with sustainability impacts in every supply chain. This research tests the effects of a transportation carrier's economic, environmental, and social sustainability performance on a shipper's carrier selection decision. Underrepresented experimental methods are used to test an a priori hypothesis derived from behavioral decision theory logic. Results contradict commonly held win–win, trade‐off, and ecological perspectives of sustainable supply chain management by finding that the economic dimension of sustainability has the greatest effect on carrier selection. Our research highlights this managerial preference and offers a theoretically grounded explanation for selection behaviors. This is one of the first empirical studies to simultaneously consider all three dimensions of sustainability. It also moves beyond an internal focal firm focus to evaluate sustainability effects through the eyes of external supply chain members. Our unique approach and findings offer managerial opportunities for differentiation and resource allocation as well as policy implications for the broader transportation system.     

Balancing tensions: Buffering the impact of organisational restructuring and downsizing on employee well‐being

This study examines the impact of employee experiences of restructuring and downsizing on well‐being. The job demands‐resources model was used to develop hypotheses related to job demands in the form of work intensity and job resources in the form of consultation. The job demands‐resources model allows for direct incorporation of employee perceptions and does not assume a singular, predetermined consequence of HRM practices. Hypotheses were tested via structural equation modelling on a nationally representative sample of over 5,110 employees from the Republic of Ireland in 2009. The findings indicate that work intensity serves as a conduit through which experiences of restructuring and downsizing negatively impact employee well‐being. Notably, consultation served as a buffer, diminishing the extent of this negative experience. The findings illuminate the complex pathways that shape how restructuring and downsizing are perceived by employees and the consequences for well‐being. We discuss the theoretical and managerial implications of these findings.     

Do Corporate Site Visits Impact Stock Prices?

We examine the stock price impact of corporate site visits using a unique data set of site visits to listed firms in China. Our main findings are as follows. First, the market reaction around corporate site visits is statistically and economically significant and is stronger for group visits, visits conducted by mutual fund managers, visits covering accounting and finance topics, visits to firms with poor information environments, and visits to manufacturing firms. Second, the stock returns around site visits are positively associated with firms’ future performance. Third, the changes in visiting funds’ holdings are more predictive of firms’ future performance than those of nonvisiting funds. Overall, this study contributes to the literature by providing evidence that site visits are important venues for investors to collect information about firms and make informed trades.     

Poverty analysis in the lowlands of Papua New Guinea underscores climate vulnerability and need for income flexibility*

A severe El Niño event in 2015/16 decimated an important share of Papua New Guinea's (PNG) local crop production, leaving 10 per cent of the population with significant food shortages. Lack of recent socio‐economic data and analysis of the country's rural population impeded efforts to plan and mitigate the ensuing food crisis. This paper presents the most recent poverty analysis in Papua New Guinea in nearly a decade, and a renewed effort to inform rural production, consumption and livelihood patterns in some of the country's most remote, lowland areas. We designed a rural household survey that collected detailed consumption and expenditure data to explore poverty prevalence and correlates of per capita household expenditure. Results suggest that approximately half of the sampled individuals live in households with total per capita expenditures below the poverty line. Climate shocks have significant and possibly long‐term consequences for household welfare. Households that experienced a drought in the last 5 years are associated with significantly lower per capita expenditures. Labour diversification, via migration, is associated with greater welfare. Households with at least one migrant member are associated with 13 per cent greater per capita expenditure.     

CEO Entrepreneurial Leadership and Performance Outcomes of Top Management Teams in Entrepreneurial Ventures: The Mediating Effects of Psychological Safety

This study examines whether the exhibition of entrepreneurial leadership by CEOs within entrepreneurial ventures fosters higher levels of top management team performance and job performance of team members, and whether psychological safety explains such effects. Utilizing four waves of multisource, multilevel data from 262 team members across 56 top management teams, we find that the exercise of entrepreneurial leadership by the CEO leads to higher levels of performance at the team and individual levels, and that psychological safety mediates such relationships.     

Assessing the experience of mandated collaborative inter-jurisdictional transport planning in the United States

This paper explores collaborative transport planning among governmental authorities where jurisdictions overlap and the lines of authority are ambiguous or unclear–an increasingly common situation in this era of waning trade and travel restrictions. We do this by examining the experience of mandated collaborative transportation planning among state departments of transportation (DOTs) and metropolitan planning organizations (MPOs) in the USA following a significant change to national surface transportation policy in the early 1990s. To understand how state transport planning and plans changed following the inter-jurisdictional collaboration mandated by passage of the Intermodal Surface Transportation Efficiency Act of 1991 (ISTEA), we examine recent statewide transport planning in 14 of the largest US states and conducted interviews with 66 state and regional planners. We find that, despite the myriad topics that state DOTs tried to include within their comprehensive statewide plans, these plans have had, at best, a limited influence on metropolitan transport planning and activities. Despite this, we find that the mandated collaborative planning did help to increase inter-agency coordination on issues (1) where network or environmental externalities transcend regional boundaries, (2) that require the political clout of a higher-level governmental authority to enforce locally unpopular decisions, or (3) that take advantage of institutional economies of scale.     

Financial structure and diversification of European firms

Small and medium enterprises have been shown to rely mainly on banks for funding and, unlike larger firms, rarely have direct access to capital markets. This article looks at the extent to which SMEs avail of a wider range of funding options and how their use differs across firms and countries. Across all countries, we find that firms are currently using two or three sources of finance to fund their operations and have had previous experience of other types of funding. There are some noticeable differences across countries with peripheral economies generally being less diversified. Differences across firm size and age groups are more marked than cross-country variation, with smaller and younger firms significantly more reliant on a limited set of finance types and older, larger firms having more diversified financial structures. Looking at individual sources of financing, we find that trade credit and informal sources of finance are extremely prevalent across all countries, with Irish firms being particularly likely to use them as sources of funding.