We examine in a Cournot duopoly model the well known view that short-term capital market debt can control managerial moral hazard. We show that short-term debt does not provide this discipline because of management’s manipulation of the information flow to the market. Shareholders may nevertheless prefer short-term debt because it motivates management to be more aggressive in the product market...

Drawing upon the resource-based view and transaction cost economics, this study aims to examine how various types of managerial resources (i.e., political networking and functional experience) can be beneficial to new ventures in a transition economy. Using survey data from a sample of new ventures in China’s high-technology industries, we demonstrate that managers’ political networking and fun...

This paper explores firm-level innovation in a human capital view using two firm-level datasets from China, one from metropolitan cities and one from provincial middle cities. General human capital level can affect innovation directly and via R&D level indirectly; managerial human capital can affect firm innovation through their decision-making. We find that general human capital and managerial...

This paper uses Events and Causal Factors charts to reexamine the ANSV’s report into the Linate runway incursion. The intention is not directly to identify new findings but to use the graphical formalism to trace the technical and managerial context for the errors made by individual air traffic controllers and aircrew. The analysis, therefore, looks beyond operator error as a cause of major acc...

This paper aims to develop a system dynamics model in order to formalize causal interdependencies between safety factors (technical, organizational and human). These factors define safety conditions in a complex industrial system. It is a systemic approach founded on the method of system dynamics and the case study is a storage unit for chemical products located in Morocco. System dynamics usin...