Researchers at Iowa State University found significantly different state tax rates affect where new businesses set up shop near state lines. Their study published in the journal Small Business Economics shows the fourth greatest distortion in the U.S. is between Iowa and its northwest neighbor. “The probability of starting up on one side of the border versus...
Commerce
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Instability Can Benefit Teams with Different Expertise
Co-workers who team up to solve problems or work on projects can benefit when they have less in common and take turns spotlighting their different expertise, according to new research from The University of Texas at Austin. The findings have implications for how managers can better form and manage teams so all voices are heard....
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Executive Narcissism Inhibits Inter-Unit Knowledge Transfer
Narcissistic executives cause the units or subsidiaries they manage to be less receptive to knowledge coming from other units. The new research, published in the Strategic Management Journal, explores the relationship between executive narcissism and inter-unit knowledge transfer. The authors find that the effects of narcissism are reduced when there’s a high environmental complexity or dynamism at...
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Upscale Hotels Benefit from EV Charging Stations, Study Shows
Electric vehicles (EVs) are becoming increasingly important in the global effort to reduce reliance on fossil fuels, driving massive growth in consumer demand. This demand has wide-reaching impacts, particularly on tourism. In 2021, car rental company Hertz announced its plans to purchase 100,000 Tesla cars for rental. However, the charging station infrastructure needs to be...
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Review: FinTech, Accelerating the Transformation of the Modern Financial Industry
FinTech is one of the major forces of digital transformation for the financial industry. Emerging technologies and business model innovation have advanced Fintech development for the past decade at an unprecedented pace. On top of the continuously evolving business landscape and trends in digital transformation, the COVID-19 pandemic brought numerous challenges to the financial industry...
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Self-Fulfilling Rankings Boost Agencies’ Power, Influence
Agencies that rate and rank nations, corporations and colleges wield enormous power, influencing investment flows and prompting leaders to pursue policies that might improve their standing. But the source of that clout is puzzling, Cornell University economist Kaushik Basu writes in “The Power and Influence of Rating Agencies with Insights into their Misuse,” published in the April...
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How Corporate Takeovers Are Fundamentally Changing Podcasting
At first glance, it may seem as though Big Tech can’t figure out how to make money off its foray into podcasting. In early May 2022, Meta announced that it was abruptly ending Facebook’s podcast integration less a year after it launched. Facebook had offered podcasters the ability to upload their shows to the social...
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Langvardt Discusses Free-Speech Implications of Musk’s Twitter Purchase
Faculty at the Nebraska Governance and Technology Center are monitoring Elon Musk’s recent $44B purchase of the Twitter platform for how Musk can and will manage the free-speech implications of the platform. Professor Kyle Langvardt in 2020 joined the faculty of the multidisciplinary center focused on the regulatory and legal implications of technology. He is...
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Import Tariffs: An Alternative to a European Energy Embargo Against Russia
Tariffs on Russian energy imports could provide the EU with a lever to reduce Russia’s financial gains from its oil and gas exports and allow it to flexibly react to Moscow’s actions in Ukraine, a team of economists from the European think tank Bruegel, Harvard, and the University of Cologne propose in a letter to Science...
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Social Capital is a Key Driver of Small Business
A community’s social capital – the level of trust and cooperation among residents – is conventionally associated with the likes of higher SAT scores and less youth violence. But a new study drawn from Payment Protection Program (PPP) and U.S. Census data shows that the same metric also correlates positively with business development. When the...
