📈 economics

From Executive Access to Organizational Action: Strategic Legitimacy and Opportunity Development in Complex B2B Markets

This integrative review proposes a framework explaining how business development professionals in complex B2B markets convert executive access into organizational action by leveraging strategic legitimacy to capture scarce attention and utilizing mechanisms like strategic tension and opportunity architecture to overcome inertia and build durable interorganizational relationships.

Octavio Pimenta Reis Neto2026-09-28
📈 economics

Spillover effects from inter-governmental transfers between local jurisdictions in Brazil

By exploiting the discontinuous allocation of Brazil's Fundo de Participação dos Municípios (FPM) transfers, this paper finds that a positive revenue shock to a focal municipality induces a robust, one-for-one increase in neighboring municipalities' education expenditures and total spending, financed by higher-tier transfers rather than local taxation, while suggesting weaker or inconclusive negative effects on private-sector employment.

LUCAS BRAGA DE MELO2026-09-25
📈 economics

Impact of National Medical Insurance Purchases for Innovative Drugs on Pharmaceutical Firm R&D Investment—A Policy Study Based on Medical Insurance Access Negotiation in China

This study utilizes a multi-period difference-in-differences model on data from 335 Chinese pharmaceutical firms (2010–2024) to demonstrate that China's medical insurance negotiation policy successfully stimulates corporate R&D investment by leveraging a "volume-for-price" mechanism that balances drug cost containment with innovation incentives.

Fenghong Yang, Fanyue Meng, Rui Wang, Lu Zhang, Jinxi Ding, Jiaming Li2026-09-25
📈 economics

Network Productivity and Loan-Income Adjustment after Monetary Policy Normalization: Evidence from Japanese Regional Banks

This study utilizes a multi-period network DEA model to analyze 96 Japanese regional banks from 2019 to 2025, revealing that while global productivity increased following monetary policy normalization, the widening gap between loan-to-deposit and loan-yield growth rates in 2024–2025 primarily reflects stronger loan-income performance driven by repricing and portfolio shifts rather than independent operational efficiency gains.

Hirohisa Shimura2026-09-25