While science-based entrepreneurial firms are a key feature of the modern economy, our insights into their organization and productivity remain limited. In particular, our understanding of the mechanisms through which academic inventors shape entrepreneurial firms established to commercialize their scientific ideas is based upon a traditional perspective that highlights the importance of human ...

Consider an economy in which various types of labor are used to produce consumption, but not all types of labor are useful for upgrading the stock of organization capital—that is, for replacing old projects with more productive new projects. When news induces consumers to want to save more, low-quality projects are destroyed across all sectors of the economy, even though the economy is set to i...

As an effective way to share corporate social responsibility, corporate donation comes forth rapidly and has become a tendency. Based on the relative study, we construct the theoretical model and analyze the relationship between corporate donation and corporate competitive advantage. The results are listed that five donation characteristics, that is, donation aims, donation methods, donation su...

In this paper, we focus on a new type of emerging learning games: Social Learning Games (SLG). We define SLG as games that enhance learning by offering educational contents according to a learning scenario and by supporting a community that offers condition for social learning. Leaning upon this analysis, we propose a model of SLG, which relies on five components: decision-making, contextual di...

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Identification of the strength of human capital externalities at the aggregate level is still not fully understood. The existing method may yield positive or negative externalities even if wages reflect marginal social products. We propose an approach that yields positive average human capital externalities if and only if the marginal social product of workers with above-average human capital e...