Die US-amerikanische Philosophin Elizabeth Anderson behauptet, dass Unternehmen Diktaturen sind: Die Kapitaleigner herrschten über die Beschäftigten. Kritik an solchen Verhältnissen gäbe es kaum. Das läge daran, dass eine in den Wirtschaftswissenschaften dominierende neoliberale Theorie der...

Previous studies focused on the comparison of the optimal output levels of regret- averse firms under uncertainty and firms under certainty. This paper extends the theory by further investigating the effects of regret-aversion on production. We compare the optimal output levels of regret-averse...

This paper presents a macroeconomics-friendly Post Keynesian model of the firm describing both an inventory theoretic approach and an entry deterrence approach to choice of excess capacity. The model explains why firms may rationally choose to have excess capacity. It also shows the two...

Consumers underestimation of the quality of remanufactured products is a barrier for remanufacturers. Online reviews provide quality signals to consumers unaware of remanufactured products. To explore whether remanufacturers produce higher quality products to improve their review ratings,...

This paper analyzes how fast do family businesses react to a decline in their financial performance. Turnaround is especially relevant in family businesses due to the importance of non-economic goals. We study the differences between family and non-family businesses in relation to closure and...

The winemaking technique of saignée is common for some varietals, and the ensuing flavor profiles have been carefully analyzed by oenologists. However, we argue that saignée is fundamentally about economic tradeoffs between the quantity of primary wine that is ultimately produced, the quality...

Objective: This study proposes a novel empirical analysis of the total factor productivity (TFP) growth for Polish microenterprises, focusing on the effect of the global lockdown in 2020. We employed firm-level data covering enterprises with below ten employees to evaluate micro-firms'...

This study employs textual analysis to assess enterprise digitalization. Moreover, it explores the effect of firm digital transformation (DT) on productivity using data from listed enterprises in China from 2007 to 2020. Our empirical findings point to a facilitation effect between firm-level DT...

Purpose - This study aims to identify informal institutions for bottom-of-the-pyramid (BoP) business models in the agricultural sector through the case study of banana growers' cooperatives. Design/methodology/approach - A case study of six banana cooperatives from Colombia was conducted. The...

We present a statistical analysis of the impact of the Covid-19 pandemic on Italian micro enterprises. Within the period we are examining (2012-2021), our primary focus will be on the last two years. We will show that, overall, cooperatives have been more severely affected than capitalist...