Innovation network trajectories and changes in resource bundles

This paper reports on an investigation into how changes in network resource bundles influence the success of innovation networks and how they change trajectories over time. Innovation networks are complex adaptive systems, and this paper uses a fuzzy set theory simulation methodological approach to capture complexity. The findings indicate that the interdependencies between knowledge variables and financial resources are the greatest contributor to high performing innovation networks, whereas the loss of social capital and its interdependency with the environment are the largest contributors to declines in innovation network performance. The paper suggests a more nuanced role for social capital within innovation networks and, importantly, highlights the sequencing of knowledge contributions, which take low performing innovation networks to high performing innovation networks.     

Consumer-driven health care: lessons from the first five years

Lessons learned from the past five years' growth of the consumer-driven health movement bodes well for its longevity in the marketplace. The authors of this article review the results achieved by early adopters of consumer-driven health initiatives and the success strategies they've used in the areas of plan design, pricing, integration with wellness initiatives, communication and vendor selection. They conclude with a case example of how a transportation service company experienced substantial consumer-driven health plan enrollment and achieved a significant number of the key predictive success steps along the way.     

Segmented financial risk tolerances within the standardised initial public offering regulatory environment of the Australian Securities Exchange

This study examines differentiated financial risk tolerance attitudes between three listing branches within the Australian Securities Exchange’s (ASX) standardised listing environment. Western Australia’s (WA) concentration of earlier-stage IPOs (51% of all ASX small, (predominately mining) initial public offerings (IPOs)) appears to reflect a localised ‘entrepreneurial’ risk attitude towards smaller, higher-risk transactions, comparative to New South Wales and Victoria . Our mixed method approach identifies that the concentration of small-cap, capital raising experiences that are (in)/formally shared through key ‘gatekeepers’, shape locally adopted funding capabilities, business processes, and risk attitudes. Underlying risk attitudes were influenced by the shared confidence in the recognition and management of risk, thereby increasing the propensity to participate in more speculative opportunities, and WA’s presumptive higher risk tolerance.     

The effect of Airbnb announcements on hotel stock prices

The sharing economy model that was developed in the last decade has a major effect on a different aspect of life. The purpose of this research is to test the effect of a sharing economy product on its competitors. Specifically, this study used the event study approach to examine how Airbnb announcements affected hotel stock prices. To accomplish this goal, we used 180 Airbnb announcements to investigate the general effect of Airbnb, and the effects according to the type of announcement and the type of audience. The findings indicate that general Airbnb announcements have a negative effect on the hotel stock prices. In addition, investors respond negatively to positive announcements but not to neutral ones. Finally, announcements targeting young people have no effect on the stock prices of hotel companies, while the effect of announcements targeting families lasts the longest. We also explored investment strategies for general investors and those with inside information. We suggest that general investors short sell the stock on the day of the news announcement. Investors with inside information should short sell the stock a few days before the day of the news announcement. In both cases, investors should close their positions a few days later depending on the type of announcement.