Business

Mergers in Stackelberg Markets with Efficiency Gains
This paper analyzes the profitability of mergers and their induced welfare effects in a setting where: (i) firms compete `a la Stackelberg; and (ii) mergers may give rise to efficiency gains. The results contrast with the ones obtained by previous literature where merger’s induced efficiency gains are assumed away. In particular, we find that under certain conditions regarding the cost benefi...


Unpacking Postharvest Losses in Sub-Saharan Africa: A Meta-Analysis
Reducing postharvest losses (PHL) is a key pathway to food and nutrition security in sub-Saharan Africa. However, knowledge of PHL magnitudes is limited. A meta-analysis has been conducted to expose nature and magnitude of PHL, and the kinds of interventions that have been attempted to mitigate the losses. Findings reveal inadequacies of loss assessment methodologies that result in inaccurate P...
CSR Communication: An Impression Management Perspective
Organizations today recognize that it is not only important to engage in corporate social responsibility (CSR), but that it is also equally important to ensure that information about CSR is communicated to audiences. At times, however, the CSR image perceived by audiences is not an accurate portrayal of the organization’s CSR identity and is, therefore, incongruent with the desired CSR image....


Spirituality Incorporated: Including Convergent Spiritual Values in Business
Businesses frequently exclude spiritual values, viewing such values as impositions that belong in business as much as a priest belongs at a bachelor party. Yet spirituality should not be viewed as impositions from without, but as inclusions from within. Spiritual values should be included in a company to the extent that these values are shared by the principals of a firm. Excluding spiritual va...
Managerial Morality and Philanthropic Decision-Making: A Test of an Agency Model
While previous authors have broadly examined the motivations and outcomes of the philanthropic activities of organizations, the present study extends Miska et al.’s (J Bus Ethics 1–12, 2013) rationalistic approach to examine the degree to which managerial philanthropic decision-making behaviour is dominated by morality. This study also tackles the question of whether this relationship is mo...


The Effects of the Economic Downturn on Interdependent Buyer–Supplier Relationships
The management of strategic buyer–supplier relationships is a critical concern for sourcing managers. The selection of key suppliers and how relationships with these suppliers are managed and incentivized can dramatically affect the buying company's performance. While the extant literature focusing on industrial buyer–supplier relationships is significant, the severe economic downturn begin...
Private provision of public good and immiserizing growth
This paper develops a simple R&D driven endogenous growth model with a public good financed by private contributions. I show that a larger endowment of population or resources can be immiserizing for the economy as a whole. With a larger population, the economy grows at a higher rate but per-capita income from asset holdings falls unambiguously. Since people voluntarily contribute a part of...

Using a logistic growth regression model to forecast the demand for tourism in Las Vegas
For many years significant attention has been devoted to the application of forecasting models, both causal and time series, to the demand for tourism. However, most studies use national data and only a few are destination specific. The present paper applies a logistic growth forecasting model to tourist demand for Las Vegas and the empirical results indicate a superiority of logistic growth mo...
Determinant factors of senior tourists’ length of stay
The current tendency to undertake more trips, but of shorter duration, throughout the year, has meant that the tourist industry has started to show greater interest in attracting those market segments that opt for more prolonged stays, as they are especially profitable. One of these segments is that of seniors. Given the aging demographic of the population worldwide, which is particularly notic...

Quality and entry deterrence
We analyze the role of quality, which we define as an attribute of a product that increases consumers’ willingness to buy, as a competitive tool in a quality-price setting. We consider an incumbent’s entry-deterrence strategies using quality as a deterrent when faced by a potential entrant. We investigate settings motivating the incumbent to blockade the entrant (i.e., prevent entry without...
Aggregation of scale efficiency
In this article we generalize the aggregation theory in efficiency and productivity analysis by deriving solutions to the problem of aggregation of individual scale efficiency measures, primal and dual, into aggregate primal and dual scale efficiency measures of a group (e.g., industry). The new aggregation result is coherent with aggregation framework and solutions that were earlier derived fo...

Financial distress drivers in Brazilian banks: A dynamic slacks approach
This study applies the Dynamic Slacks Based Model (DSBM) developed by Tone and Tsutsui (2010) in order to assess the evolution of input saving/output increasing potentials in major Brazilian Banks from 1996 to 201We propose that these potentials or slacks can be used as proxies for an eventual financial distress situation in the future. The main research objective is to determine whether or not...
Outpatient appointment scheduling given individual day-dependent no-show predictions
This paper examines the combined use of predictive analytics, optimization, and overbooking to schedule outpatient appointments in the presence of no-shows. We tackle the problem of optimally overbooking appointments given no-show predictions that depend on the individual appointment characteristics and on the appointment day. The goal is maximizing the number of patients seen while minimizing ...
Efficiency assessment of primary care providers: A conditional nonparametric approach
This paper uses a fully nonparametric approach to estimate efficiency measures for primary care units incorporating the effect of (exogenous) environmental factors. This methodology allows us to account for different types of variables (continuous and discrete) describing the main characteristics of patients served by those providers. In addition, we use an extension of this nonparametric appro...
Evaluating risk of water mains failure using a Bayesian belief network model
It has been reported that since year 2000, there have been an average 700 water main breaks per day only in Canada and the USA costing more than CAD 10 billions/year. Moreover, water main leaks affect other neighboring infrastructure that may lead to catastrophic failures. For this, municipality authorities or stakeholders are more concerned about preventive actions rather reacting to failure e...