Purpose This paper builds a decision-making model for supply chains under manufacturer capital constraint and bankruptcy risk, to investigate the supply chain members' optimal decisions under different carbon asset financing schemes, providing insights for capital-constrained enterprises. Design/methodology/approach A supplier-dominated Stackelberg game model, based on the newsvendor framework, is developed to analyze different carbon asset financing schemes and optimal decisions of supply chain participants. Furthermore, numerical simulations using real data from the cement industry are conducted in MATLAB R2024a to validate the analytical findings of the model. Findings The bankruptcy risk is not always detrimental to the capital-constrained manufacturer in the supply chain. An aggressive product quantity strategy with limited bankruptcy responsibility may enable the manufacturer to obtain higher profits. Higher financing costs do not necessarily mean increased bankruptcy risk, as it depends on the manufacturer's initial capital. Pledge financing always provides steady revenue growth for the capital-constrained manufacturer, while sell-buyback financing offers the potential for maximizing revenue with associated risks. The impact of carbon price volatility on the manufacturer varies across different financing schemes. An increase in carbon price will reduce the bankruptcy risk under pledge financing, but can contribute to lower profits under sell-buyback financing. Originality/value The contributions of this paper are as follows: Firstly, this paper addresses the capital constraints faced by the manufacturer in the low-carbon supply chain context by introducing carbon asset financing. Secondly, we conduct a comparative analysis of different carbon asset financing schemes, examining the relationship of optimal decisions and profits. Finally, carbon price volatility, market demand uncertainty and bankruptcy risk are incorporated into our model.

Purpose In emerging markets, political connections are a common non-market strategy, yet their potential “innovation paradox” remains insufficiently understood. Existing research offers limited empirical evidence on the mechanisms underlying this paradox and its variation across governance and organizational contexts. Therefore, this study aims to examine the impact of political connections on corporate innovation performance and its channel mechanisms, while identifying key factors that moderate this relationship, thereby providing new insights into the “innovation paradox”. Design/methodology/approach Drawing on dynamic capability theory and the non-market perspective, this study uses a regression analysis approach to empirically test hypotheses with panel data from 5,549 Chinese listed companies from 2008 to 2021. Findings Our findings show that a firm's political connections have a negative influence on its innovation. R&D investment intensity acts as the channel through which political connections affect innovation. In addition, we identify dynamic capabilities and board independence as mechanisms that mitigate the negative effect. Heterogeneity results indicate that the negative impact of political connections on innovation is especially prominent in state-owned and technology-intensive enterprises comparing to non-state-owned and non-technology-intensive enterprises. Originality/value This study confirms the “innovation paradox” of political ties and clarifies its formation mechanism. We originally identify dynamic capabilities and board independence as crucial mitigating factors, offering new micro-level governance evidence. The findings advise regulators to focus on minimizing rent-seeking and firm management to strategically use these two mechanisms to overcome the innovation costs associated with political connections.

Purpose This study tests a synthetic, multistakeholder framework for evaluating the sustainability of music festivals, fine-tuning it to rural settings, overcoming the traditionally accepted treatment of economic, sociocultural and environmental impacts separately to provide a synthetic contextualized and commensurable score. Design/methodology/approach Building on the triple bottom line and creating shared value perspectives, the framework integrates heterogeneous indicators into a single index which normalizes data for commensurability, incorporates both captured and uncaptured value, and applies stakeholder-informed weighting aligned with locally prioritized sustainability development goals (SDGs). Operationalized through a Plan-Do-Check-Act cycle, the method was piloted in the AlpakaFest, volunteer-driven cultural festival set as a Regional Social Observation Lab in Hacinas (Spain), combining resident (N = 64) and participant (N = 470) surveys, expenditure data and carbon footprint analysis. Findings The framework successfully integrates economic, sociocultural and environmental data into a single Events Sustainability Index, capturing both tangible and intangible value. Its application to AlpakaFest highlights the strong sociocultural benefits of rural festivals while exposing trade-offs between economic gains and environmental impacts. Practical implications The approach equips organizers, policymakers and local stakeholders with a decision-support tool to benchmark festival impacts, identify sustainability trade-offs and embed continuous improvement into event governance. It also broadens the scope of event management research by demonstrating how small-scale, rural festivals can act as laboratories for sustainable development. Originality/value By synthesizing diverse impacts into a transparent, comparable index, this study advances beyond one-dimensional evaluations and responds to recent calls for frameworks that operationalize co-creation and shared value in rural event settings.

Purpose This review contributes to the “Over a Half-Century of Management Decision (MD)” call, showing the impact that MD has had on Corporate Social Responsibility (CSR) research. Design/methodology/approach We conducted a systematic literature review of 145 CSR articles published in MD from the ’70s to 2025. We focused on forward citations to shed light on how these articles impacted CSR research. Then, we thematically analyzed the articles using the Gioia method and detected influential backward citations to highlight MD contributions. Findings The bibliometric analysis reveals influences on the CSR debate in high-ranked journals. The thematic analysis locates seven main branches of CSR research that MD contributed to. We present a framework outlining the theoretical advancements of MD in CSR research and propose directions for future studies. Originality/value The work systematizes the MD CSR debate, preventing it from appearing unconnected and fragmented. The work prompts further investigation of the CSR concept in line with the journal's aims.

Purpose Tourists' consumption of local products contributes to promoting sustainability and enhancing the authenticity of destinations. However, there is still a limited understanding of the psychological, cultural, and social factors that drive this behavior. This study examines the new barriers and motivations that influence tourists' consumption of local wines when visiting a region. It applies the Extended Model of Goal-Directed Behavior (EMGB) to examine how locavorism, subjective knowledge, and perceived authenticity affect attitudes toward the consumption of local wine. Furthermore, it adds value by analyzing consumption habits based on past consumption frequency and facilitating conditions as antecedents of behavior. Design/methodology/approach A survey of 709 regular wine consumers from Germany, the United Kingdom, Spain, and France who had visited the Canary Islands within the previous three years was conducted, and the data were analyzed using Partial Least Squares-Structural Equation Modeling (PLS-SEM). Findings The results indicate that attitudes and anticipated emotions play a central role in shaping tourists' desire and intention to consume local wine, supporting the motivational structure proposed by the MGB. Furthermore, locavorism, perceived authenticity, and subjective knowledge significantly enhance attitudes toward local wine, acting as culturally and experientially grounded antecedents that indirectly influence desire and behavioral intention. Originality/value This study extends the MGB by incorporating three novel predictors of attitudes toward local wine—locavorism, perceived authenticity, and subjective knowledge. In doing so, it refines the MGB by clarifying how culturally embedded and experiential drivers shape attitudes as a key mediating mechanism in wine tourism contexts. The findings offer concrete managerial insights for designing authentic wine tourism experiences, effective storytelling strategies, and targeted micro-learning interventions that enhance tourists' engagement and promote sustainable consumption.

Purpose Although previous studies have extensively discussed the various spillover benefits of digital transformation (DT), the customer value underlying DT has not received widespread attention. Therefore, this study aims to explore the potential relationship between DT and customer relationship quality (RQ) from two dimensions, corporate value (e.g. goodwill improvement (GI)) and consumer benefits (e.g. perceived of gain), thereby addressing gaps in the existing research on DT and customer relationship management (CRM). Design/methodology/approach By integrating social exchange theory (SET) and expectation confirmation theory, this study proposes research hypotheses. A total of 510 valid data points were collected through Questionnaire Star (https://www.wjx.cn) and the Commission Market Association. The structural equation modelling (SEM) approach of partial least squares (smart-PLS) was used to validate the research model. Findings The results of SEM analysis based on partial least squares indicate that DT not only directly promotes the improvement of customer RQ but also indirectly influences it through the GI and perceived of gain. Moreover, GI and perceived of gain significantly improve the quality of customer relationships. Notably, relationship embeddedness significantly moderates the impact of DT and perceived of gain. Originality/value As one of the earliest empirical studies exploring DT and customer relationships, this research incorporates the economic concept of GI into the field of customer management, achieving cross-disciplinary integration and innovation in theory. Moreover, this research breaks new ground by analysis the mechanism through which DT improves customer RQ from two perspectives: corporate interests (such as GI) and consumer interests (perceived of gain). Finally, from a practical standpoint, this research offers fresh insights for CRM practices in the context of DT.

Purpose Although various disciplines have explored technology use by people with disabilities (PwDs), business and management studies have rarely addressed how they accept and use these technologies. This is partly because existing technology acceptance frameworks often rely on complex, normative assumptions that overlook the diverse abilities of users. Consequently, this study questions the inclusivity of technology acceptance frameworks by examining whether the items used to measure relevant variables are grounded in assumptions that exclude users with specific needs. To do this, virtual reality is used as the representative technology. Design/methodology/approach A non-systematic, critical review of the evolution of technology acceptance frameworks is conducted, using a deductive and structured reasoning approach. Findings The study proposes a multidimensional framework in which technology acceptance variables are reorganized in different dimensions to reflect the characteristics of physical, sensory and intellectual disabilities. The twelve dimensions capture specific phases of the technology experience under the perspectives of acceptance, non-acceptance, usability and non-usability; moreover, the dimensions offer a comprehensive view of how technology interactions can be meaningful or disrupted. Research limitations/implications By advancing inclusive technology acceptance research, this study stands out as one of the first to offer a conceptual contribution by redefining technology acceptance variables to disability categories and related technology experiences. In doing so, it adds to ongoing academic conversations that challenge conventional technology acceptance models, advocating instead for inclusive and user-centered perspectives. Practical implications This research guides technology professionals and policymakers on fostering acceptance and usability while preventing non-acceptance and non-usability, thereby making disability inclusion a core component of their strategies. Originality/value This study redefines technology acceptance variables through a multidimensional experience, disability-sensitive lens.

Purpose This study examines the impact of Business Intelligence (BI) and Strategic Planning (SP) on Strategic Entrepreneurship (SE) in the Jordanian commercial banking sector. Additionally, it investigates the moderating role of Digital Transformation (DT) in influencing these relationships. Design/methodology/approach The study employed a quantitative–deductive approach, using a self-administered questionnaire distributed to managers and decision-makers in Jordanian commercial banks. The data was analyzed using (PLS-SEM) with a bootstrapping technique to test the hypothesized relationships. The study specifically examines the moderating effect of DT on the relationship between BI, SP, and SE. Findings The study finds that both business intelligence and strategic planning are positively associated with strategic entrepreneurship. Furthermore, digital transformation negatively moderates the relationship between business intelligence and strategic entrepreneurship, while positively moderating the relationship between strategic planning and strategic entrepreneurship. Research limitations/implications As a cross-sectional study, this research cannot capture long-term trends in the relationships among BI, SP, and SE. Additionally, the research focuses solely on commercial banks in Jordan, which may limit the generalizability of the findings across different industries and regions. Originality/value This research introduces a novel theoretical framework integrating BI, SP, and SE while incorporating DT as a moderating factor. The study provides new theoretical and practical contributions by highlighting how digital transformation may enhance the impact of BI and SP on SE. These insights are valuable for banks seeking to use digital transformation to promote entrepreneurship and innovation.

Purpose This study examines how business owners from Ukraine and the EU perceive and approach resilience strategies in response to complex crises. Based on a comparative analysis, the research explores how firms develop anticipation capabilities, coping strategies, adaptation mechanisms, relational resilience and leadership competence in these different economic environments. The study aims to highlight key differences and commonalities in resilience-building approaches between firms operating in war-affected economies, such as Ukraine and those in more stable settings. Design/methodology/approach The study employs partial least squares structural equation modeling (PLS-SEM) to analyze data collected from 114 business owners and managers from Ukraine and EU countries. A structured online survey was used to measure perceptions of resilience across five latent variables: anticipation capabilities, coping strategies, adaptation mechanisms, relational resilience and leadership competence. The research follows a quantitative comparative approach, assessing direct and mediating effects to identify the determinants of resilience-based strategies in war-induced crisis. Findings The results reveal differences in how Ukrainian and EU firms approach resilience. Ukrainian firms rely more on improvisation, informal networks and rapid operational adjustments, prioritizing short-term coping mechanisms in response to war-induced crises. In contrast, EU firms adopt a more structured, anticipatory approach, leveraging institutional frameworks, regulatory safeguards and long-term crisis management strategies. Leadership competence significantly influences resilience-building in both contexts, but its role in shaping anticipation and adaptation varies based on firms’ environmental stability. Additionally, while anticipation capabilities are critical for coping strategies in EU firms, they do not directly translate into adaptation mechanisms for Ukrainian firms, highlighting differences in strategic implementation. Originality/value This study is one of the first to empirically compare resilience perceptions between business owners in Ukraine and EU countries war-induced crisis. It extends resilience research by integrating insights from firms in war-affected economies, highlighting context-specific resilience mechanisms that differ from those in traditional economic crises. The findings offer valuable contributions to both academic discussions and practical resilience-building efforts in high-risk business environments.

Purpose Managers in nonprofit, marketing and public organizations often need to decide when and how frequently to deliver appeal messages that sustain audience engagement and elicit prosocial responses. Yet, the effectiveness of different scheduling strategies for charitable messages remains unclear. Our research examined how message repetition, frequency and timing can influence an individual's decision to donate and the amount donated, and we explored the psychological mechanisms that shape these effects. Design/methodology/approach Drawing on behavioral decision-making and strategic communication theories, we conducted a series of controlled experimental studies to test how variations in message repetition and scheduling affected real-money donations. This approach enabled us to isolate the influence of repetition, frequency and timing on affective and cognitive responses relevant to donation decisions. Findings Our results showed that the timing of an appeal message (e.g. its recency) had a stronger effect on donation likelihood than how often the message is repeated. Emotional responses and message recall were positively associated with giving but were not directly shaped by message repetition, frequency or timing. Our findings indicate that strategically timed appeals can increase donation likelihood, but not necessarily increase donation size, even when repetition is limited or avoided. Originality/value By focusing on the strategic scheduling of messages, our research illuminates novel theoretical insights and practical guidance on the effective design of charitable appeals. Our results challenge the assumption that message repetition serves as a linear driver of persuasion and identify that greater attention should be given to message timing for sustained prosocial responses. Our findings go beyond affirming that excessive message repetition can lead to disengagement and demonstrate that message recency, emotional saliency and memorability can be critical characteristics of messaging strategies that effectively elicit donations.