To save content items to your account,
please confirm that you agree to abide by our usage policies.
If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account.
Find out more about saving content to .
To save content items to your Kindle, first ensure no-reply@cambridge.org
is added to your Approved Personal Document E-mail List under your Personal Document Settings
on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part
of your Kindle email address below.
Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations.
‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi.
‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
Despite the Arab world’s growing development needs, its third sector remains constrained by outdated regulatory frameworks that limit its potential. This chapter explores how effective policy reforms can unlock catalytic capital, empower civil society organizations (CSOs), and drive systemic change across the region.
Through the case study of Bab Amal in Egypt, an evidence-based poverty alleviation initiative, this chapter illustrates how regulatory inefficiencies increase costs, delay impact, and hinder large-scale social transformation. It highlights five key policy areas – streamlining registration, financial sustainability, data access, multi-sector collaboration, and evidence-based policymaking – offering a pathway for unlocking billions in untapped development capital.
Africa faces a $1.3 trillion annual funding gap to achieve the SDGs and build climate resilience, yet private investors hesitate due to perceived high risks. Despite contributing less than 4% of global carbon emissions, Africa bears disproportionate climate impacts, with over 110 million people already affected by extreme weather events.
This chapter explores how philanthropy is emerging as the most powerful de-risking tool for both sustainable development and climate finance. By absorbing early-stage risks, providing patient capital, and unlocking private investment, philanthropy is catalysing solutions in renewable energy, climate adaptation, and nature-based carbon sequestration. Through real world case studies, it reveals how blended finance, impact investing, and catalytic capital can accelerate Africa’s green transition and economic transformation.
The global financing gap for sustainable development is widening, demanding innovative solutions. This chapter explores how philanthropy can unlock private capital through blended finance and catalytic capital, ensuring critical priorities – from climate action to poverty reduction – receive the funding they require. As emerging markets face investment shortfalls, philanthropy’s risk-taking potential can de-risk projects, attract institutional investors, and drive systemic change.
Drawing on insights from the OECD and global experts, this chapter highlights the transformative power of public-private-philanthropic partnerships and how foundations can move beyond traditional grant making to deploy impact investments, guarantees, and innovative financial tools. By strategically aligning resources across sectors, philanthropy can bridge capital markets and the SDGs, catalyzing investments that balance financial returns with meaningful social and environmental impact and ultimately redefining its role as a driving force for global change.
We use a sharp regression discontinuity design (RDD) to show that victories by women candidates in close House, Senate, and gubernatorial elections lead to an increase in female directors in firms located in the candidates’ districts. The causal effect is higher when the media coverage of the woman candidate is higher, when voter turnout is high, and when firms have more local directors and local institutional investors. The heterogeneous regression discontinuity (RD) effects suggest that electoral wins may influence local gender norms and firms’ board diversity through multiple channels, including conveying majority views on gender-related social norms, increasing exposure to exemplar women, and facilitating learning about women’s different but effective leadership styles. The evidence suggests a potential spillover effect from women’s political leadership to the corporate world.
This study investigates the influence of workplace conditions on job satisfaction, focusing on environmental, occupational safety, and social factors, paying particular attention to gender interactions. Drawing on the European Survey on Workplace Health, Wellbeing, and Quality of Work Life, data from 514 employees in local companies and public organizations across six Southern European countries were analysed using discrete choice regression models. The empirical findings identify ventilation, ergonomics, social spaces, and safety training as the strongest positive drivers of job satisfaction, while repetitive work negatively affects it. The results show that women, highly educated employees, and those with permanent contracts report higher job satisfaction, with female workers benefiting most from ergonomic improvements and safety equipment. Managers should therefore prioritize improvements in workplace conditions – particularly ventilation, ergonomics, safety training, and job stability – while integrating gender-sensitive approaches to strengthen both employees’ well-being and organisational performance.
In business terms, a 'unicorn' is a privately-owned startup company valued at over $1 billion. While unicorns have predominantly been a feature of well-developed economies, such as the USA and Europe, recent years have seen their increase in emerging economies – to the extent that these markets now host one-third of the world's unicorns. The emergence of unicorns from the Global South represents a transformative shift in the global business and innovation landscape. Despite limited systematic knowledge on this novel phenomenon, high-growth, innovation-driven companies from emerging economies are rapidly positioning themselves at the forefront of technology and business model innovation. These firms challenge the traditional dominance of established markets, asserting their influence on a global scale. This book offers an in-depth analysis of this fast-evolving process, covering a wide geographical range of unicorns. These dynamic new players have the impact and potential to reshape the future of business worldwide.
Global capitalism is being reshaped by two major trends. States have become increasingly interventionist, reshaping their economies in response to crises and geopolitical tensions. Secondly, digital platform giants have emerged from the US and China that concentrate political economic power in private hands. This Element argues that these trends are increasingly symbiotic. Digital platforms are being folded into the spiralling rivalry between the US and China. As states tap into their extraterritorial governance capacities by exerting control over platforms, platform firms leverage state support to pursue and expand their internationalization strategies. Therefore, the US-China rivalry is increasingly being fought at the level of the technology stack, a dynamic the authors call state platform capitalism. The Element examines four fields in which this novel regime of competition is at play: digital currencies, technical standards, cyber security, and smart cities. This title is also available as Open Access on Cambridge Core.
Drawing on attribution theory and impression management research, we investigate when and how abused employees engage in different coping strategies and what the interpersonal consequences of the coping strategies are for employees. Specifically, from an employee actor–based perspective, we develop and test a dual-path-mediated moderation model that represents the double-edged sword effect of abusive supervision. Using data from 444 front-line employees, we find that injury initiation motives attribution enhances the positive relationship between abusive supervision and revenge motivation, which in turn is positively related to intimidation, exemplification, and supplication. Conversely, performance promotion motives attribution strengthens the positive relationship between abusive supervision and motivation to reconcile, which in turn is positively associated with ingratiation, self-promotion, and exemplification. Intimidation and supplication are then related to increased interpersonal conflict with leaders, while ingratiation is related to reduced interpersonal conflict with leaders. Theoretical contributions, practical implications, and limitations are discussed.
Women entrepreneurs face distinct gender-specific challenges, including restricted access to venture capital, work–life conflicts driven by stereotypes, and competing demands from their roles as business owners, caregivers, and community leaders. These pressures often foster polychronicity – a temporal orientation favoring simultaneous task management. Grounded in role accumulation theory, we conduct a two-stage survey of 129 Chinese women entrepreneurs to investigate the relationship between polychronicity and resilience. We further examine three moderators – frequent interruptions, entrepreneurial experience, and emotional intelligence – that amplify polychronicity’ s resilience-building effects. This study highlights the positive association between polychronicity and women entrepreneurs’ resilience, offering new insights into temporal dynamics in entrepreneurship. It also provides women entrepreneurs with practical strategies to help them navigate multiple role challenges and thrive amid adversity by leveraging their preference for multitasking.
Societal concerns on the environmental impact of manufacturing activities in developing economies have intensified over the past decade. Open innovation (OI) has emerged as a promising approach to mitigate these adverse effects without compromising sustainable performance (SP). This primary aim of this study is to examine and evaluate the current state of research on OI and SP practices for further empirical studies in developing economies. Using the Preferred Reporting Items for Systematic Reviews and Meta-Analyses framework, we systematically reviewed and analysed 108 articles from Scopus, Web of Science, Google Scholar, and ScienceDirect databases related to OI and SP practices. Our study highlights significant knowledge gaps in the relationship between OI and SP in manufacturing, noting a predominant focus on developed countries. This research contributes to the existing literature by identifying critical contextual and theoretical gaps, providing valuable insights and theoretical implications for future OI and SP research agendas in developing countries.
Superstitions are unproven beliefs that shape decision-making. While many studies have examined their influence on corporate financial decisions, few have addressed their impact on corporate social responsibility (CSR). In this study, we focus on the superstition associated with the Chinese zodiac year – a belief linked to bad luck – and investigate its effect on firms’ charitable donations. Drawing on literature concerning stress appraisal, resource building, and corporate philanthropy, and using data from Chinese listed firms from 2008 to 2020, we find a positive association between a CEO’s zodiac year and corporate donations. Furthermore, this effect is weakened by CEO’s overconfidence and amplified by increased negative media coverage of CEOs during zodiac years. This study contributes to the literature on the outcomes of superstitions in management, the antecedents of corporate philanthropy, the boundary conditions of stress appraisal, and the agency motivations of corporate philanthropy. Managerial implications are also discussed.
The main differences are emphasized between direct, indirect, and hybrid channels, including how channel length applies to firm decision-making and planning. Importantly, why multiple channels of distribution are usually relied upon by companies today is thoroughly explained. Why some firms implement franchising systems and others align with independent distributors and retailers is focused upon. A key emphasis of the chapter is on channel functions and how they contribute to purchases of products and services from targeted end-customers. The importance of distribution intensity and channel contracts is also emphasized. Finally, what omni-channels involve and why they are rapidly gaining in stature currently, especially among retail firms, is underlined.
What channel partnerships represent is initially focused upon. To reinforce the meaning even more, three different types of indirect channel relationships are identified, including arm’s-length relationships, strong inter-firm relationships, and partnerships. Emphasis is given to key features of strong channel relationships, which can evolve into partnerships. Then, the major determinants of channel partnerships are covered. Why building and maintaining trust is so important to effective channel partnerships concludes the chapter.
First of all, the three FTC guidelines for distinguishing franchising from other forms of business are given. This is followed by a discussion of the major differences between the two forms of franchising: business format franchising and product trade name franchising. Key characteristics of successful business format franchising systems are presented, followed by an outline of the major determinants of business format franchising. Finally, an evaluation is made of the main goal behind the establishment of product trade name franchising by companies.
The definition of being a distributor is given, followed by clarifying the major types of distributors that exist. An analysis is then conducted of how independent distributors can add value to products and services. The definition of a retailer is provided next and its major types are elaborated upon. An explanation is made of why many retailers implement multiple pathways to serve customers and why establishing omni-channels thereafter is alluring. The main goal of the chapter is to clarify why many suppliers rely on distributors and retailers in B2C, and distributors in B2B.
We introduce a method to determine the investor’s optimal portfolio size that maximizes the expected out-of-sample utility under parameter uncertainty. This portfolio size trades off between accessing investment opportunities and limiting the number of estimated parameters. Unlike sparse methods such as lasso, which exclude assets during the optimization step, our approach fixes the optimal number of assets before optimizing the portfolio weights, which improves robustness and provides greater flexibility in practical implementations. Empirically, our size-optimized portfolios outperform their counterparts applied to all available assets. Our methodology renders portfolio theory valuable even when the data-set dimension and sample size are comparable.
What the distribution intensity decision entails, including both offline and online channels, is initially presented. Then, the three strategic options of distribution intensity are elaborated upon. The classic category of goods model is described, helping to give some clue as to why each of the three strategic options would be implemented by firms under certain conditions. Then, an assessment is made of the significance of other factors that could impact the level of distribution intensity for products and services. The downsides of excessive distribution intensity are elaborated upon. The interactions between targeted end-customers shopping in online and offline channels concludes the chapter.