News
Management Summary Research Study „Factors influencing the perception of transactions as gifts or bribes in an online vignette experiment“
The study examined how people decide whether a transaction—such as giving money or a gift—is perceived as a genuine gesture of appreciation or as a bribe. Participants evaluated scenarios varying in relationship type, gift value, and form of transfer. Findings show that high-value, monetary gifts between people in strictly professional relationships are most often seen […]
Management Summary Research Study “Culture-bound heuristics”
This paper argues that culture fundamentally shapes decision processes (heuristics) and how well they work (rationality, biases), and that the importance of culture has been underappreciated because of research norms that remove it from consideration. It first discusses content- and context-impoverished norms in how judgments and decisions have been modeled, along with criticisms of those […]
Management Summary Research Study “A heuristic based on transparently false likelihoods improves gamblers’ expected value in the wild”
Casino blackjack players learn a simple heuristic that helps them decide when to take additional cards. The heuristic assumes that all upcoming cards will be 10-value cards, even though that assumption is true fewer than one in three times. The heuristic results in systematic error, but it is also adaptive: it is easier to learn […]
Management Summary Research Study „Consumer confidence: economic fundamentals and noise, or more than that? A case of EU countries“
This paper contributes to the discussion about the nature of the variability of consumer confidence that is unexplained by economic variables. This unexplained part of consumer confidence is understood as either a reflection of animal spirits or a mere result of changing expectations. In either case, the interpretation assumes that it reflects irrationality on the […]
Management Summary Research Study „Delving into the interplay among market-driving strategy, dynamic capabilities, transformational leadership, and firm performance“
The current research’s objective is to explore the interplay among market-driving strategy (MDS), dynamic capabilities (DCs), transformational leadership (TL), and their impact on firm performance. The study adopts a quantitative methodology (online survey with 300 firms from the technological sector). Findings show strong positive influences of MDS on DCs, TL, and firm performance. Furthermore, DCs […]
Management Summary Research Study „‘Each to one’s own‘: Albín Bráf’s Czech school of national economy”
This paper explores the development of Czech economic thought within the context of the nineteenth-century Czech National Revival. Influenced by Classical Political Economy, the German Historical School, and Austrian economics, Czech economists faced the challenge of advancing economic development for a nation without a state. Key issues included lending difficulties, a lack of entrepreneurship, and […]
Management Summary Research Study „The allocation of entrepreneurial talent: revisiting the role of formal and informal institutions“
This article introduces a framework that integrates the existing research on formal and informal institutions, productive entrepreneurship, and entrepreneurial ecosystems. The study illustrates that formal institutions can shape productive entrepreneurship differently, depending on informal institutions. The proposed model illustrates how institutional shifts impact productive entrepreneurship and serve as a tool for education and policymaking. The […]
