What determines the price of an artwork? This article leverages a comprehensive and novel dataset on art auctions of contemporary artists to examine the impact of social and visual features on the ...valuation of artworks across global markets. Our findings indicate that social signals allow us to predict the price of artwork exceptionally well, even approaching the professionals' prediction accuracy, while the visual features play a marginal role. This pattern is especially pronounced in emerging markets, supporting the idea that social signals become more critical when it is more difficult to assess the quality. These results strongly support that the value of artwork is largely shaped by social factors, particularly in emerging markets where a stronger preference for "buying an artist" than "buying an artwork." Additionally, our study shows that it is possible to boost experts' performance, highlighting the potential benefits of human-machine models in uncertain or rapidly changing markets, where expert knowledge is limited.
The growth of emerging market multinational enterprises (EM MNEs) has enriched existing international business theories but conveyed also new puzzles and questions for these theories and ...perspectives. To synthesize what we know and what we do not concerning international expansion of EM MNEs, we use the qualitative content analysis method, systematically reviewing 166 articles from 11 leading IB and management journals published during the period of 1990–2014. Our review examines five major areas, including theoretical foundations, major topics, research methods, country studied, and leading authors. Our review shows a strong and growing momentum of EM MNE research over the past 25years that has tackled a variety of topics by IB scholars who are geographically diversified. To further advance future research on EM MNEs, we submit several new directions, comprising comparative and competitive (dis)advantages, process of international catch up, institutional complexity, heterogeneity and typology of EM MNEs, and host and home country links and global orchestration.
Financial prudence compels businesses to improve their Environmental, Social, and Governance (ESG) performance when the marginal benefits, pecuniary or non-pecuniary, exceed the marginal costs. For ...many firms, renting green offices is a feasible ESG activity which may increase their willingness to pay higher rents. Analyzing over 17,000 green rental contracts in India between 2010 and 2022, we find that rents in green-labeled assets and those with health certification command significant premiums between 4 and 21%. However, green rents increased much faster compared to their non-green counterparts, and the propensity to rent green varies significantly across industry segments. We further examine how the market for green offices evolved after a mandatory ESG Disclosure Requirement was enacted in India in 2021. We find that suppliers (landlords) benefited from the regulation by disproportionately increasing rental rates. Existing tenants and foreign firms ended up paying higher rental prices while most other firms, including the assumed target groups of the new policy, redirected their green commitment away from green buildings. Although the policy may yield more positive results in the longer run, a reduced propensity to rent green offices is the opposite of what the ESG Disclosure Requirement tried to achieve.
This study investigates consumer online purchase intentions in emerging markets by focusing on the impact of country of origin (COO), trust, and satisfaction. The findings emanate from an analysis of ...the online survey completed by 987 Indian online shoppers. The partial least squares structural equation modeling (PLS-SEM) on SmartPLS was used for analyzing the data. The results indicate that COO plays a vital role in influencing online purchase intentions with the mediating effect of trust and satisfaction. The study finds that COO cues enhance consumer trust and satisfaction, thereby leading to purchase intention. The results indicate that online retailers operating in India, originating either from India or developed countries like the USA should use their country brand to build popularity. Furthermore, this study helps to understand the influence of COO on online purchase intentions in an emerging market like India more comprehensively.
Entrepreneurship as a solution to poverty Bruton, Garry D.; Ketchen, David J.; Ireland, R. Duane
Journal of business venturing,
11/2013, Volume:
28, Issue:
6
Journal Article
Peer reviewed
Individuals living in poverty remain a critical issue. This special issue focuses on how entrepreneurship can help to solve such poverty. Rather than viewing those in poverty as a market for goods, ...the solution lies in understanding how to help those living in poverty create their own businesses. Ultimately, entrepreneurship among those in poverty will create a long lasting solution to their poverty. Herein, we initially examine the extant knowledge about entrepreneurship. We then examine where future research on this important topic should move. Finally, we introduce the five articles that make up this special issue. These five articles came from the initial 71 submissions and enhance our knowledge about entrepreneurship as a pathway to reducing poverty.
•The authors initially review 10years of literature on poverty including base of the pyramid and entrepreneurship in the journals listed in Financial Times.•The resulting 83 articles are examined along their contributions to entrepreneurship, management, and economics. These contributions are then discussed in terms of future research by entrepreneurship scholars.•Five articles that are published in the special issue are the outcome of the initial 71 submissions to the call for papers•The future research needs in entrepreneurship as scholars build on the existing 83 articles on connecting poverty and entrepreneurship plus the five new ones in this special issue are discussed.
SmCosub.5 constitutes one of the strongest classes of permanent magnets, which exhibit magnetocrystalline anisotropy with uniaxial character and enormous energy and possess high Curie temperature. ...However, the performance of SmCosub.5 permanent magnets is hindered by a limited energy product and relatively high supply risk. Sm is a moderately expensive element within the lanthanide group, while Co is a more expensive material than Fe, making SmCosub.5-based permanent magnets among the most expensive materials in the group. Subsequently, the need for new materials with less content in critical and thus expensive resources is obvious. A promising path of producing new compounds that meet these requirements is the chemical modification of established materials used in PM towards the reduction of expensive resources, for example, reducing Co content with transition metals (like Fe, Ni) or using as substitutes raw rare earth materials with greater abundance than global demand, like Ce and La. Important instruments to achieve these goals are theoretical calculations, such as ab initio methods and especially DFT-based calculations, in predicting possible stable RE-TM intermetallic compounds and their magnetic properties. This review aims to present the progress of recent years in the production of improved SmCosub.5-type magnets.
PDF
