This study delves into the relationship between ESG performance and dividend payout in G20 countries. Based on a comprehensive sample of 2344 firms from 2011 to 2022, our findings reveal a positive correlation between ESG performance and dividend payout. Notably, this positive impact is significantly pronounced in common‐law countries, where investor protection is robust. Moreover, companies with high ESG performance are more adept at increasing dividends despite ESG controversies. These results remain robust even when considering endogeneity concerns, reduced sample size, or the use of alternative proxies for dividends and ESG. Our study's findings have practical implications, as they suggest that companies can enhance their dividend payout by improving their ESG performance, even in the face of controversies. This contributes to the existing literature by shedding light on the relationship between non‐financial performance and a key corporate financial decision (dividends) in a cross‐country context.
{"title":"ESG Performance and Dividend Payout: The Moderating Role of ESG Controversies and Legal Systems","authors":"Satish Kumar, Avinash Ghalke","doi":"10.1002/bse.4355","DOIUrl":"https://doi.org/10.1002/bse.4355","url":null,"abstract":"This study delves into the relationship between ESG performance and dividend payout in G20 countries. Based on a comprehensive sample of 2344 firms from 2011 to 2022, our findings reveal a positive correlation between ESG performance and dividend payout. Notably, this positive impact is significantly pronounced in common‐law countries, where investor protection is robust. Moreover, companies with high ESG performance are more adept at increasing dividends despite ESG controversies. These results remain robust even when considering endogeneity concerns, reduced sample size, or the use of alternative proxies for dividends and ESG. Our study's findings have practical implications, as they suggest that companies can enhance their dividend payout by improving their ESG performance, even in the face of controversies. This contributes to the existing literature by shedding light on the relationship between non‐financial performance and a key corporate financial decision (dividends) in a cross‐country context.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"8 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144066782","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The deteriorating impact of traditional linear model on agriculture productivity and ecology has drawn a serious emphasis on the espousal of circular economy (CE) practices in the agriculture sector. Accordingly, an increasing number of startups operating on circular principles are emerging in the agriculture sector to create value from the agri‐waste. In this research, we aim to investigate the challenges faced by these agri waste‐to‐value (WTV) startups, which is currently missing in the extant literature. In the process, we have used the lens of extended institutional theory (EIT) to identify and understand the challenges faced by WTV startups and stakeholder theory (ST) is used to propose strategies for overcoming these obstacles. An innovative integrated model based on probabilistic linguistic term sets (PLTS), evidential reasoning algorithm (ERA), and aggregated‐ranking model considering psychological preferences of decision makers is developed to examine the challenges. This is one of the initial studies to comprehensively explore the challenges faced by WTV startups in the agriculture sector and propose a framework to overcome these challenges based on EIT and ST. A multidimensional analysis is performed to consider the economic, operational, and socio‐environmental implications of the challenges. Different analyses are conducted for better understanding about the sector and maturity stage specific challenges faced by startups. The findings reveal that coercive challenges pose the most critical threat and a policy restructuring is urgently required to support the WTV startups in the agriculture sector. Further, operational challenges related to raw materials and infrastructure appear to be more critical in the waste‐to‐material sector whereas waste‐to‐energy sector is struggling due to technological issues.
{"title":"Transitioning to Circular Economy in Agriculture Sector: An Extended Institutional Theory and Stakeholder Perspective","authors":"Deepak Kumar Sahu, Divya Choudhary","doi":"10.1002/bse.4345","DOIUrl":"https://doi.org/10.1002/bse.4345","url":null,"abstract":"The deteriorating impact of traditional linear model on agriculture productivity and ecology has drawn a serious emphasis on the espousal of circular economy (<jats:sc>CE</jats:sc>) practices in the agriculture sector. Accordingly, an increasing number of startups operating on circular principles are emerging in the agriculture sector to create value from the agri‐waste. In this research, we aim to investigate the challenges faced by these agri waste‐to‐value (WTV) startups, which is currently missing in the extant literature. In the process, we have used the lens of extended institutional theory (EIT) to identify and understand the challenges faced by WTV startups and stakeholder theory (ST) is used to propose strategies for overcoming these obstacles. An innovative integrated model based on probabilistic linguistic term sets (PLTS), evidential reasoning algorithm (ERA), and aggregated‐ranking model considering psychological preferences of decision makers is developed to examine the challenges. This is one of the initial studies to comprehensively explore the challenges faced by WTV startups in the agriculture sector and propose a framework to overcome these challenges based on EIT and ST. A multidimensional analysis is performed to consider the economic, operational, and socio‐environmental implications of the challenges. Different analyses are conducted for better understanding about the sector and maturity stage specific challenges faced by startups. The findings reveal that coercive challenges pose the most critical threat and a policy restructuring is urgently required to support the WTV startups in the agriculture sector. Further, operational challenges related to raw materials and infrastructure appear to be more critical in the waste‐to‐material sector whereas waste‐to‐energy sector is struggling due to technological issues.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"132 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144066884","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Sea Matilda Bez, Isabel Narbon, Asta Pundziene, Rima Sermontyte‐baniule
Research SummaryDigital platforms have revolutionized business sectors; however, despite their significant success, platform unicorns remain rare. While extensive research exists on digital platform growth, it is uncertain what entrepreneurial decisions achieve unicorn status. We address the research question of what combination of complementary entrepreneurial decisions increases and decreases the likelihood of becoming a platform unicorn. The study examines 125 digital mental health platform ventures, including 12 unicorns, using the Dealroom database and decision tree methodology. We provide combinations of complementary decisions concerning fundraising timing, funding sources, digital technologies, and business model choices that affect a platform venture's probability of becoming a unicorn. The study offers decision profiles for navigating the uncertainties of the digital age. We discuss implications for strategic entrepreneurship and a judgment‐based approach.Managerial SummaryIn the digital age, achieving unicorn status depends on the right combination of complementary decisions about fundraising timing, funding sources, digital technology, and business model choices. Entrepreneurs dealing with uncertainty frequently rely on their intuition to make such decisions. Our research complements intuition with evidence that can now be obtained by deploying artificial intelligence tools like decision trees and highlights complementary decision profiles that have a higher likelihood of becoming unicorns, such as profiles with early‐stage funding, no government funding, and deep tech serving the B2B market. Conversely, we identify combinations with less than 1% success rates, indicating failed judgments. Research insights can help entrepreneurs and investors make better‐informed decisions to enhance mental health platform venture success and be aware of possible failure.
{"title":"What entrepreneurial decisions enable the breeding of digital platform unicorns?","authors":"Sea Matilda Bez, Isabel Narbon, Asta Pundziene, Rima Sermontyte‐baniule","doi":"10.1002/sej.1543","DOIUrl":"https://doi.org/10.1002/sej.1543","url":null,"abstract":"Research SummaryDigital platforms have revolutionized business sectors; however, despite their significant success, platform unicorns remain rare. While extensive research exists on digital platform growth, it is uncertain what entrepreneurial decisions achieve unicorn status. We address the research question of what combination of complementary entrepreneurial decisions increases and decreases the likelihood of becoming a platform unicorn. The study examines 125 digital mental health platform ventures, including 12 unicorns, using the Dealroom database and decision tree methodology. We provide combinations of complementary decisions concerning fundraising timing, funding sources, digital technologies, and business model choices that affect a platform venture's probability of becoming a unicorn. The study offers decision profiles for navigating the uncertainties of the digital age. We discuss implications for strategic entrepreneurship and a judgment‐based approach.Managerial SummaryIn the digital age, achieving unicorn status depends on the right combination of complementary decisions about fundraising timing, funding sources, digital technology, and business model choices. Entrepreneurs dealing with uncertainty frequently rely on their intuition to make such decisions. Our research complements intuition with evidence that can now be obtained by deploying artificial intelligence tools like decision trees and highlights complementary decision profiles that have a higher likelihood of becoming unicorns, such as profiles with early‐stage funding, no government funding, and deep tech serving the B2B market. Conversely, we identify combinations with less than 1% success rates, indicating failed judgments. Research insights can help entrepreneurs and investors make better‐informed decisions to enhance mental health platform venture success and be aware of possible failure.","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":"13 1","pages":""},"PeriodicalIF":6.3,"publicationDate":"2025-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144066810","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-05-16DOI: 10.1016/j.tmp.2025.101380
Serhat Bingöl, Yang Yang
This study explores how smart technologies and artificial intelligence transform destination management into smart destination management in urban destinations in the United States. Hence, primary and secondary data were collected in ten cities in the United States through qualitative research to provide multiple perspectives. The secondary data consisted of smart technologies and artificial intelligence initiatives published by Destination Management/Marketing Organizations, Departments of Transportation, and Technology Offices across these cities. The authors also interviewed professionals from these organizations, including initiative leaders, project managers, marketing specialists, and data analysts. The study revealed that these destinations have created smart technologies and artificial intelligence initiatives to transform destination management into smart destination management by developing destination ecosystems. The study proposes a smart destination model that guides destinations in adopting smart technologies and artificial intelligence initiatives to build smart destination ecosystems. The results offer conceptual, theoretical, and practical applications for enhancing destination management.
{"title":"Integrating smart technologies and artificial intelligence to build smart tourism destination ecosystems: A model for smart destination management","authors":"Serhat Bingöl, Yang Yang","doi":"10.1016/j.tmp.2025.101380","DOIUrl":"https://doi.org/10.1016/j.tmp.2025.101380","url":null,"abstract":"This study explores how smart technologies and artificial intelligence transform destination management into smart destination management in urban destinations in the United States. Hence, primary and secondary data were collected in ten cities in the United States through qualitative research to provide multiple perspectives. The secondary data consisted of smart technologies and artificial intelligence initiatives published by Destination Management/Marketing Organizations, Departments of Transportation, and Technology Offices across these cities. The authors also interviewed professionals from these organizations, including initiative leaders, project managers, marketing specialists, and data analysts. The study revealed that these destinations have created smart technologies and artificial intelligence initiatives to transform destination management into smart destination management by developing destination ecosystems. The study proposes a smart destination model that guides destinations in adopting smart technologies and artificial intelligence initiatives to build smart destination ecosystems. The results offer conceptual, theoretical, and practical applications for enhancing destination management.","PeriodicalId":48141,"journal":{"name":"Tourism Management Perspectives","volume":"29 1","pages":""},"PeriodicalIF":8.7,"publicationDate":"2025-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144067188","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-05-15DOI: 10.1016/j.ijhm.2025.104278
Chun-Hung Hugo Tang, Alei (Aileen) Fan, Jae En Park
This study explores the effects of mass customization on consumer behaviors, focusing on the roles of perceived value and perceived cost under different sources of time pressure in a fast-casual restaurant setting. Results show that mass customization affects consumer behaviors through perceived value, not perceived cost. Furthermore, customer-induced time pressure is found to interact with mass customization on perceived cost. The findings suggest that social context plays a critical role in the success of mass customization.
{"title":"Mass customization and consumer behaviors: Exploring the roles of perceived value, perceived cost, and time pressure","authors":"Chun-Hung Hugo Tang, Alei (Aileen) Fan, Jae En Park","doi":"10.1016/j.ijhm.2025.104278","DOIUrl":"10.1016/j.ijhm.2025.104278","url":null,"abstract":"<div><div>This study explores the effects of mass customization on consumer behaviors, focusing on the roles of perceived value and perceived cost under different sources of time pressure in a fast-casual restaurant setting. Results show that mass customization affects consumer behaviors through perceived value, not perceived cost. Furthermore, customer-induced time pressure is found to interact with mass customization on perceived cost. The findings suggest that social context plays a critical role in the success of mass customization.</div></div>","PeriodicalId":48444,"journal":{"name":"International Journal of Hospitality Management","volume":"130 ","pages":"Article 104278"},"PeriodicalIF":9.9,"publicationDate":"2025-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143948993","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Due to the insufficient empirical investigations into edible insect restaurant customers’ post-purchase behavior, we sought to examine the effect of edible insect restaurant visit motivations on perceived hedonic and utilitarian values and their subsequent impact on customers’ behavioral intentions, considering the moderating effect of health consciousness. Specifically, this study incorporated novel experience, identity building, sustainable sourcing, taste quality, and nutritional value as key motivational factors. A survey was conducted among 417 individuals who had recently visited or dined at an edible insect restaurant, and the responses were analyzed using PLS-SEM. The results confirmed that identity building, taste quality, and nutritional value are key motivators influencing both hedonic and utilitarian values. We further found that hedonic and utilitarian values drive customers' revisit and word-of-mouth (WOM) intentions. Lastly, the results revealed that health consciousness positively moderates the hedonic value–WOM and utilitarian value–revisit intention linkages. While this study provides valuable insights, its findings are context-specific, and future research could explore its framework in other cultural and restaurant settings. The findings help practitioners in the hospitality and restaurant industry develop effective marketing and branding strategies to encourage customer revisits and promote positive word-of-mouth.
{"title":"Motivations to visit an edible insect restaurant, perceived value, health consciousness, and customers’ intentional responses: A self-determination theory perspective","authors":"Davoud Nikbin , Ali Vafaei-Zadeh , Haniruzila Hanifah , Ruiqi Chang","doi":"10.1016/j.ijhm.2025.104272","DOIUrl":"10.1016/j.ijhm.2025.104272","url":null,"abstract":"<div><div>Due to the insufficient empirical investigations into edible insect restaurant customers’ post-purchase behavior, we sought to examine the effect of edible insect restaurant visit motivations on perceived hedonic and utilitarian values and their subsequent impact on customers’ behavioral intentions, considering the moderating effect of health consciousness. Specifically, this study incorporated novel experience, identity building, sustainable sourcing, taste quality, and nutritional value as key motivational factors. A survey was conducted among 417 individuals who had recently visited or dined at an edible insect restaurant, and the responses were analyzed using PLS-SEM. The results confirmed that identity building, taste quality, and nutritional value are key motivators influencing both hedonic and utilitarian values. We further found that hedonic and utilitarian values drive customers' revisit and word-of-mouth (WOM) intentions. Lastly, the results revealed that health consciousness positively moderates the hedonic value–WOM and utilitarian value–revisit intention linkages. While this study provides valuable insights, its findings are context-specific, and future research could explore its framework in other cultural and restaurant settings. The findings help practitioners in the hospitality and restaurant industry develop effective marketing and branding strategies to encourage customer revisits and promote positive word-of-mouth.</div></div>","PeriodicalId":48444,"journal":{"name":"International Journal of Hospitality Management","volume":"130 ","pages":"Article 104272"},"PeriodicalIF":9.9,"publicationDate":"2025-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143948994","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Public security governance faces significant challenges in an era of urbanization and social complexity. China's Fengqiao-style policing, rooted in the 1960s “Fengqiao Experience,” offers a grassroots model that emphasizes early conflict resolution, community participation, and cost-effective governance. This study explores the evolution of Fengqiao-style policing, highlighting its integration of modern technology and institutional reforms. Using empirical data, the research examines its mechanisms, localized conflict resolution, multi-stakeholder engagement, and data-driven decision-making, and evaluates its applicability beyond China. The findings suggest that this model holds significant potential for addressing public security issues globally, offering insights into enhancing trust, collaboration, and efficiency in community policing.
{"title":"Fengqiao-Style Policing: A Grassroots Model for Public Security Governance","authors":"Haoran Xu, Sui Yifeng, Wu Zhanhong, Zan Shi","doi":"10.1111/gove.70028","DOIUrl":"https://doi.org/10.1111/gove.70028","url":null,"abstract":"<div>\u0000 \u0000 <p>Public security governance faces significant challenges in an era of urbanization and social complexity. China's Fengqiao-style policing, rooted in the 1960s “Fengqiao Experience,” offers a grassroots model that emphasizes early conflict resolution, community participation, and cost-effective governance. This study explores the evolution of Fengqiao-style policing, highlighting its integration of modern technology and institutional reforms. Using empirical data, the research examines its mechanisms, localized conflict resolution, multi-stakeholder engagement, and data-driven decision-making, and evaluates its applicability beyond China. The findings suggest that this model holds significant potential for addressing public security issues globally, offering insights into enhancing trust, collaboration, and efficiency in community policing.</p>\u0000 </div>","PeriodicalId":48056,"journal":{"name":"Governance-An International Journal of Policy Administration and Institutions","volume":"38 3","pages":""},"PeriodicalIF":2.6,"publicationDate":"2025-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143950239","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-05-15DOI: 10.1016/j.ijhm.2025.104234
Frank Badu-Baiden , Weisheng Chiu , Eudora Hagan , Victor Anderson Hodibert
Drawing from complexity theory, this study explored the dynamic interplay of factors influencing consumer behavior in using drone food delivery services in Africa. It seeks to uncover the complex configurations driving consumers’ intention to use and willingness to pay more. This study utilized fuzzy-set qualitative comparative analysis (fsQCA) to examine data gathered from 411 respondents via online surveys in Ghana. The analysis identifies causal patterns among motivational, volitional, emotional, and perceived risk factors. Our findings revealed multiple pathways to high consumer intention and willingness, highlighting the importance of perceived usefulness, positive attitudes, and anticipated positive emotions alongside varying influences of subjective norms and ease of use. On the other hand, negative emotions and risk perceptions emerge as significant deterrents, emphasizing the non-linear nature of consumer behavior. This study expands the Technology Acceptance Model by integrating emotional and social dimensions, demonstrating equifinality in consumer behavior. It provides insights for service providers in emerging markets to enhance engagement and address risk perceptions, facilitating the adoption of drone technology in food delivery.
{"title":"Unmanned deliveries: A complexity theory approach to understand consumer acceptance and intention in drone food delivery in Africa","authors":"Frank Badu-Baiden , Weisheng Chiu , Eudora Hagan , Victor Anderson Hodibert","doi":"10.1016/j.ijhm.2025.104234","DOIUrl":"10.1016/j.ijhm.2025.104234","url":null,"abstract":"<div><div>Drawing from complexity theory, this study explored the dynamic interplay of factors influencing consumer behavior in using drone food delivery services in Africa. It seeks to uncover the complex configurations driving consumers’ intention to use and willingness to pay more. This study utilized fuzzy-set qualitative comparative analysis (fsQCA) to examine data gathered from 411 respondents via online surveys in Ghana. The analysis identifies causal patterns among motivational, volitional, emotional, and perceived risk factors. Our findings revealed multiple pathways to high consumer intention and willingness, highlighting the importance of perceived usefulness, positive attitudes, and anticipated positive emotions alongside varying influences of subjective norms and ease of use. On the other hand, negative emotions and risk perceptions emerge as significant deterrents, emphasizing the non-linear nature of consumer behavior. This study expands the Technology Acceptance Model by integrating emotional and social dimensions, demonstrating equifinality in consumer behavior. It provides insights for service providers in emerging markets to enhance engagement and address risk perceptions, facilitating the adoption of drone technology in food delivery.</div></div>","PeriodicalId":48444,"journal":{"name":"International Journal of Hospitality Management","volume":"130 ","pages":"Article 104234"},"PeriodicalIF":9.9,"publicationDate":"2025-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143948995","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-05-15DOI: 10.1016/j.annals.2025.103973
Lujun Su , Chengzhi Ye , Xuehuan He
Tourism is fundamentally a consumption of places, making place elements essential in destination marketing. This research investigates the emerging practice of using dialect elements in destination advertising through the theoretical lens of symbolic interactionism, focusing on advertising memory as a key measure of advertising effectiveness. Five main studies (and three supplemental studies) across Eastern and Western cultures demonstrate a robust memory effect of destination advertising with dialect elements. Specifically, such advertising enhances perceived placeness compared to counterparts using the corresponding standard language, thereby resulting in superior memory effectiveness. Furthermore, these effects are attenuated for destinations low in cultural symbolism. These findings advance current knowledge on destination dialect marketing while offering practical guidance to design memorable destination advertising.
{"title":"The memory effect of destination dialect advertising","authors":"Lujun Su , Chengzhi Ye , Xuehuan He","doi":"10.1016/j.annals.2025.103973","DOIUrl":"10.1016/j.annals.2025.103973","url":null,"abstract":"<div><div>Tourism is fundamentally a consumption of places, making place elements essential in destination marketing. This research investigates the emerging practice of using dialect elements in destination advertising through the theoretical lens of symbolic interactionism, focusing on advertising memory as a key measure of advertising effectiveness. Five main studies (and three supplemental studies) across Eastern and Western cultures demonstrate a robust memory effect of destination advertising with dialect elements. Specifically, such advertising enhances perceived placeness compared to counterparts using the corresponding standard language, thereby resulting in superior memory effectiveness. Furthermore, these effects are attenuated for destinations low in cultural symbolism. These findings advance current knowledge on destination dialect marketing while offering practical guidance to design memorable destination advertising.</div></div>","PeriodicalId":48452,"journal":{"name":"Annals of Tourism Research","volume":"113 ","pages":"Article 103973"},"PeriodicalIF":10.4,"publicationDate":"2025-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143948053","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-05-15DOI: 10.1177/00081256251331264
Han Smit
Summary Decision-making on sustainability investment faces two challenges. First, appraisal methods are based on a narrow view of shareholder value and require extensions to support decisions that involve valuable outcomes for society. Second, the consequences of climate change are uncertain. However, firms have real options to adapt, which helps them realize the energy transition. An extended net present value that includes societal real options can assess the value of phasing in renewables (e.g., timing, expansion, and growth options) and phasing out fossil fuels (contraction, abandonment, and switching options). Increased corporate awareness of societal real options value should encourage corporations to act more responsibly.
{"title":"Sustainability Real Options","authors":"Han Smit","doi":"10.1177/00081256251331264","DOIUrl":"https://doi.org/10.1177/00081256251331264","url":null,"abstract":"Summary Decision-making on sustainability investment faces two challenges. First, appraisal methods are based on a narrow view of shareholder value and require extensions to support decisions that involve valuable outcomes for society. Second, the consequences of climate change are uncertain. However, firms have real options to adapt, which helps them realize the energy transition. An extended net present value that includes societal real options can assess the value of phasing in renewables (e.g., timing, expansion, and growth options) and phasing out fossil fuels (contraction, abandonment, and switching options). Increased corporate awareness of societal real options value should encourage corporations to act more responsibly.","PeriodicalId":9605,"journal":{"name":"California Management Review","volume":"5 1","pages":""},"PeriodicalIF":10.0,"publicationDate":"2025-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144066104","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：