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This study considers the case in which governments decide whether to support private commercial banks with a subsidy policy in order to encourage participation in the international ship financing market. We examine two cases: (i) identical efficiency between domestic and foreign commercial banks; and (ii) different efficiencies between these banks. In the first case, the domestic government has the incentive to provide a subsidy strategy for domestic commercial banks to maximize social welfare, while the foreign government does not use the subsidy support. Furthermore, in the second case, foreign governments and commercial banks always prefer the subsidy strategy in order to maximize both social welfare and profits. However, the domestic government uses the subsidy strategy depending on the efficiency gap between the two banks. Our model suggests that governments need to support commercial banks with an appropriate subsidy strategy (direct or indirect) to promote participation in the market.

This paper describes the numerical solutions of type‐IV shock‐on‐shock interactions in hypersonic thermochemical nonequilibrium air flows around blunt bodies. The Navier‐Stokes equation solver for a chemically reacting and vibrationally relaxing gas mixture was applied to the present problem, where the concepts of the Advection Upstream Splitting Method (AUSM) and the Lower‐Upper Symmetric Gauss‐Seidel (LU‐SGS) method were basically employed along with the two‐temperature thermochemical model of Park. The aerodynamic heating with or without the shock‐on‐shock interaction to a sphere and circular cylinders are simulated for a hypersonic nonequilibrium flow. The numerical results show that typical type‐IV shock‐on‐shock interaction pattern with a supersonic jet structure is also formed in a high‐enthalpy thermochemical nonequilibrium flow, and that the contribution of convective heat flux in the translational/rotational mode to the total heat flux is dominant. Furthermore, the inherent unsteadiness of nonequilibrium type‐IV shock‐on‐shock interaction flowfield is discussed briefly.

Knowledge-intensive entrepreneurial firms succeed when they can better marshal their knowledge resources into productive advantages, necessitating entrepreneurial orientation (EO) and knowledge management (KM) processes of knowledge acquisition, application, conversion and protection. However, configurations of EO and KM processes are unaccounted for in extant theory, and the differences between the operating context of knowledge-intensive entrepreneurial firms are unclear. Therefore, this study investigates the configurational combination of EO and KM processes in two different contexts as native and immigrant entrepreneurial firms.

Drawing on the knowledge-based theory, the authors apply fuzzy-set qualitative comparative analysis (QCA) and necessity analysis of QCA (NCA) to data from Malaysian native (N = 185) and immigrant (N = 146) service-oriented entrepreneurial firms.

The results demonstrate that immigrant entrepreneurial firms’ performance relies on knowledge processes of knowledge acquisition and application to ensure intelligent effectuation of EO; but for native entrepreneurial firms, the critical knowledge processes for performance success are knowledge conversion and protection. The NCA suggests that EO is critical for both firms; however, conjunctional causations differ based on KM processes.

This study enriches the emerging knowledge-based theory of the entrepreneurial-oriented firm by advancing the theory and conversation by revealing how EO, KM processes and context link in which the profile of the EO–performance relationship is configurationally dependent. The study advances the knowledge-based theory of entrepreneurially-oriented firms to account for entrepreneurship in context.

The purpose of this study is to specifically look at the relationship between reliable network reliance and entrepreneurial performance.

To help achieve the study objective, 450 rural farmer-entrepreneurs from Jiangsu, Anhui, Guangxi and Zhejiang Provinces were randomly selected. The study concentrated mainly on entrepreneurs who have engaged in entrepreneurial activities the past five or more years.

This study’s findings show that network reliance has direct and indirect effects on entrepreneurial performance through external networking behaviour. The result further shows that external networking behaviour partially mediates the relationship between network reliance and entrepreneurial performance. On the moderation effect on entrepreneurial orientation (EO), the result reveals that it strengthens the relationship between external networking behaviour and entrepreneurial performance. The result shows that EO has a direct effect on entrepreneurial performance. The paper introduces behavioural component of network to entrepreneurial performance. The study concludes that external networking behaviour of entrepreneurs is key in entrepreneurship as it improves relationships among actors and thereby translating into an improved performance.

The paper brings to light the need to reconsider extension education by including elements of networking to enable rural entrepreneurs derive full benefits of their entrepreneurial ventures.

This study provides a large sample comparison of research and development (R&D) spending intensity in private and public firms and the extent to which these firms' unique characteristics affect their R&D spending rate.

The study compares both private and public data from UK firms for the period 2006–2016, generating a total matched 232,029 firm-year observations, and applies a probability model technique to our large panel datasets.

The authors uncover that private firms show lower R&D spending intensity compared to their public counterparts. The authors evidence also shows that privately owned firms in the technological (non-technological) sector display higher (lower) probability of R&D spending intensity. Compared with public firms, the authors further observe that the intensity of private firms' R&D spending increases with higher internal cash flow, leverage and industry information quality. The authors results remain robust to alternative econometric models.

Despite the findings of this study, the authors would like to point out that the use of a single country's data limits the generalisability of our findings. Thus, future studies may also consider extending this study across multiple countries.

A key implication of our study is that private firms are more likely to finance R&D intensity from the internally generated cash flow compared to the public ones. This stems from the fact that private firms are more likely to experience higher costs in raising external finance for innovative activities than public firms. Thus, easy access to funding for private firms is vital for enhancing R&D activities of the private firms.

By combining both private and public firms' datasets, the authors are able to provide new evidence to suggest that the intensity of private firms' R&D spending is dependent on internal cash flow, leverage and the industry information level. In fact, to the best of the authors’ knowledge, this is the first study that explores these relationships.

In this paper, it can be seen from AFM images of the as-deposited ZnO and CZO films, and the particle size and shape are not clear, while by increasing annealing temperature, they become distinguishable. By increasing temperature to 600°C, ZnO and CZO, CAZO and aluminum-doped zinc oxide (AZO) films particles became almost spherical. Due to high content of Cu in CZO target, and of Al in AZO target which was 5% weight ratio, doping plays a great role in the subject. Therefore, the annealing processing strongly affect the size and the shape of nanoparticles.

In this paper, the authors tried to study, in detail, nobel optical characterizations of ZnO films doped by transition metals in different annealing temperature. The authors found that the values of skin depth, optical density, electron–phonon interaction, steepness parameter, band tail width, direct and indirect carriers transitions and the dissipation factor, free carriers density and roughness of films affect the optical properties, especially the optical absorptions of ZnO films doped by transition metals. Also these properties were affected by annealing temperatures. The authors also found that topography characterizations strongly were affected by these parameters.

The CZO films have maximum value of coordination number ß, with considering N_C = 4, Z_a = 2, N_e = 8. The CZO films annealed at 500 °C have maximum value of optical density. The as-deposited CAZO films have maximum value of steepness parameters in about of 0.13 eV. The as-deposited AZO films have maximum value of dispersion energy Ed in about of 5.75 eV. Optical gap and disordering energy plots of films can be fitted by linear relationships E_g = 0.49 + 0.2 EU and E_g = 0.52 + 0.5 EU, respectively.

With considering N_c = 4, Z_a = 2, N_e = 8 for ZnO films, coordination number ß has maximum value of 0.198. CZO nanocomposites films annealed at 500°C have maximum value of optical density. Different linear fitting of ln (α) for films were obtained as y = A_x + B where 5<A < 17 and 5<B < 12. As-deposited CAZO nanocomposites films have minimum value of electron phonon interaction in about of 4.91 eV. Optical gap and disordering energy plots can be fitted by linear relationships E_g = 0.49 + 0.2 EU and E_g = 0.52 + 0.5 EU for as-deposited films and films annealed at 500°C, respectively. Steepness parameters of as-deposited CAZO nanocomposites films have maximum value of 0.13 eV. Dispersion energy Ed for as-deposited AZO nanocomposites films has maximum value of 5.75 eV.

The purpose of this paper is to discuss how enterprises can effectively perceive and use the digital opportunities brought about by digital technologies and dynamic environments and how they can enhance their capabilities to realize digital transformation and adapt to the development of the digital economy era.

Based on the windows of opportunity theory and strategic cognition theory, this paper conducts an empirical analysis of the questionnaire data of 268 enterprises and discusses the influence of external windows of opportunity and internal windows of opportunity on the digital transformation of enterprises, as well as the action mechanism of strategic cognition and entrepreneurship.

The results show that both the external windows of opportunity and the internal windows of opportunity have significant positive effects on the digital transformation of enterprises. Strategic cognition plays a partial mediating role in the external windows of opportunity and the internal windows of opportunity influencing the enterprise digital transformation process. Entrepreneurship plays a positive regulatory role in the process of external windows of opportunity and internal windows of opportunity influencing strategic cognition.

This paper deepens the relationship between internal and external windows of opportunity and enterprise digital transformation and contributes a new theoretical cognition. This paper integrates the strategic cognition theory to clarify the complex process mechanism of digital transformation using external situational opportunities and internal capabilities. This paper introduces entrepreneurship into the path mechanism of digital transformation and expands the characteristics of the study of digital transformation antecedents to the individual level within the enterprise.

The purpose of this paper is to examine the mediating role of entrepreneurial self-efficacy (ESE) in the relationship between entrepreneurship education and intention in Ghana, Africa.

In all, 357 questionnaires from final year undergraduate students at a public university in Ghana are analysed using linear multiple regression.

The study reveals that entrepreneurship knowledge acquisition and opportunity recognition as dimensions of entrepreneurship education positively affect entrepreneurial intention (EI) and self-efficacy. Also, ESE increases the development of EI. The results further show that ESE mediated the relationship between the two measures of entrepreneurship education and EI.

The findings imply that when students are exposed to entrepreneurship knowledge and opportunity recognition skills via entrepreneurship education, they can develop high ESE and intention to engage in venture creation. Findings therefore urge stakeholders in the education sector in Africa to formulate policy guidelines for the design and teaching of entrepreneurship education. Such policies and guidelines should emphasise more students’ acquisition of adequate knowledge in venture creation and management, and the development of skills for identifying business opportunities while instilling confidence in their abilities to become successful entrepreneurs.

The mediating role of ESE in the relationship between entrepreneurship education and intention has been under-researched globally not just in Africa. Hence, this first study to the best of the knowledge in a Sub-Saharan African context, contributes further empirical evidence by demonstrating that ESE is a central psychological mechanism that can convert entrepreneurship education into EI. Besides, the study defies some of the findings in advanced economies by indicating that a theoretical entrepreneurship education course in Africa may work differently than in advanced economies and may actually foster the development of EI unlike in advanced economies.

This study aims to investigate the effects of adaptive selling, as a high-level individual-level marketing capability, institutional knowledge, international opportunity recognition and general innovation-orientation of managers on the international growth of Iranian small- and medium-sized enterprises. Also, drawing on strands of research into early internationalisation firms, this study attempts to determine the impact of precocity and speed of internationalisation as a moderator of the relationship of antecedents to international growth.

The research is based on answers of 748 managers from 186 firms to a self-reporting questionnaire. The partial least squares (PLS) structural equation modelling approach was used to assess the measurement and construct the model. Furthermore, the study used a PLS multigroup design with four groups of firms to compare the paths with regard to precocity and speed of internationalisation.

Significant associations for seven out of eight hypotheses were found. The international opportunity recognition was found to mediate the relationship between institutional knowledge and adaptive selling-innovativeness. Additionally, the results of the comparisons found important implications to early and fast internationalisation.

This study shows that international growth stems from individual innovation orientation. It sheds light on the importance of institutional knowledge, adaptive selling and opportunity recognition for early and pacey internationalisation. The findings contribute to the international entrepreneurship literature based on both the early and gradual internationalisation.

This study aims to investigate the most effective enablers and tools for inhabitants’ knowledge acquisition in public policymaking organizations.

Based on a literature review, the study summarized 51 individual, organizational, technological and inhabitant-related enablers of inhabitants’ knowledge acquisition, as well as 36 technological and social tools. The study assessed the effectiveness of these enablers and tools based on two rounds of a Delphi study targeting 31 policymakers in the Gulf Cooperation Council (GCC) countries. Kendall’s coefficient of concordance was assessed to determine consensus among participating policymakers.

The findings indicate that the most effective enablers were inhabitants’ willingness to get involved, information technology (IT) infrastructure, IT staff support and inhabitants’ trust in policymakers. Additionally, the study found that the most effective tools for inhabitants’ knowledge acquisition included meetings, interviews, social media and field visits.

Inhabitants’ knowledge acquisition is an important social and economic force that will drive change in any society by enabling the implementation of innovative ideas and practices. A review of the relevant research shows that despite the usability of inhabitants’ knowledge, the degree to which inhabitants’ knowledge acquisition is integrated into the public policymaking system remains unclear. This study of inhabitants’ knowledge acquisition from the policymaker perspective provides a better understanding of the inhabitants’ knowledge acquisition process in policymaking organizations.