With the worsening environmental crisis and the rapid advancement of Industry 4.0, more enterprises are recognizing the importance of sustainable development, yet practical challenges remain. To better understand how internal knowledge sources and knowledge heterogeneity impact firms’...

Central banks around the world are exploring and in some cases even piloting Central Bank Digital Currencies (CBDCs). CBDCs promise to realize a broad range of new capabilities, including direct government disbursements to citizens, frictionless consumer payment and money-transfer systems, and a...

This paper studies the design of optimal, privately-stipulated damages when breach of contract is possible at more than one point in time. It offers an intuitive explanation for why cancellation fees for some services (e.g., hotel reservations) increase as the time for performance approaches. If...

Zhongyong thinking is a cognitive thinking style that plays a pivotal role for Chinese employees and organizations, and whether it harms or benefits creativity has long been discussed. In this study, we empirically examine the relationship between team Zhongyong thinking and team incremental and...