Analysis of Enterprise Sustainable Crowdsourcing Incentive Mechanism Based on Principal-Agent Model

Wang, Guohao; Yu, Liying

doi:10.3390/su12083238

Cited by 12 publications

(10 citation statements)

References 49 publications

(60 reference statements)

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“…We also included several control variables in our model. We control on the basis of the incentives that managers may have in achieving sustainability objectives because they can positively or negatively influence the risk and the strategic choices of the company (Wang & Yu, 2020). We also controlled for firm liquidity based on the firm's current ratio (Nirino, Battisti, et al, 2020; Nirino, Ferraris, et al, 2020).…”

Section: Methodsmentioning

confidence: 99%

How and when corporate social performance reduces firm risk? The moderating role of corporate governance

Nirino

Battisti

Ferraris

et al. 2022

Corp Soc Responsibility Env

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This study aims to explore the impact of corporate social performance (CSP) on firm risk, and it proposes the moderating role of corporate governance (CG) among this relationship. Although the literature on corporate social responsibility is extensive, there is still a lack of knowledge about how CSP influences firm risks, as well as the role of CG in this relationship. To fill this gap, we have empirically tested the impact of CSP on a firm's risk through a longitudinal analysis on S&P 500 firms from 2015 to 2019. Results show a significant negative relationship between CSP and firm risks, which is positively moderated by CG mechanisms. Our study contributes to the empirical research on corporate social responsibility and it provides insights for managerial decisions to encourage managers to pursue environmental and social practices that reduce the firm risk, with positive impacts on the firm value.

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Section: Methodsmentioning

confidence: 99%

How and when corporate social performance reduces firm risk? The moderating role of corporate governance

Nirino

Battisti

Ferraris

et al. 2022

Corp Soc Responsibility Env

View full text Add to dashboard Cite

show abstract

“…The principal-agent theory is often used in the design of incentive mechanisms [44,45]. Long et al analyzed the equilibriums of the principal-agent in different The principal-agent relationship mainly refers to an economic relationship between the subjects of the market economy under the condition of information asymmetry [41,42].…”

Section: The Modelmentioning

confidence: 99%

“…The principal-agent theory is often used in the design of incentive mechanisms [44,45]. Long et al analyzed the equilibriums of the principal-agent in different knowledge inputs [46].…”

Section: The Modelmentioning

confidence: 99%

Research on the Knowledge-Sharing Incentive of the Cross-Boundary Alliance Symbiotic System

2021

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The rise of the cross-boundary alliance as a new organizational model profoundly affects innovation development. The incentive mode of knowledge-sharing among cross-boundary alliance members from the perspective of symbiosis is the key to improving the efficiency of knowledge-sharing and promoting the alliance’s sustainable development. Due to the interdisciplinary nature of knowledge and information asymmetry among alliance members, knowledge-sharing is prone to opportunistic behavior, which greatly impacts cross- boundary innovation cooperation. The symbiotic system of the cross-boundary alliance is constructed based on the analysis of symbiosis among alliance members to solve these problems. In this research study, the principal–agent theory is used to describe the expected benefits and the related constraints of knowledge-sharing partners. Moreover, an incentive model of knowledge-sharing in the cross-boundary alliance is established. By solving the model, the agent’s sharing intention and the principal’s reward incentive coefficient are obtained, which provide a theoretical basis for the formulation of the optimal incentive scheme of knowledge-sharing in the alliance. The results show that the knowledge potential difference, knowledge transmission efficiency, knowledge transformation, innovation effort, and the symbiotic environment will directly affect the knowledge transfer level of the alliance. In this research study, a theoretical research framework of the cross-boundary alliance symbiotic system linked by knowledge-sharing is constructed. The incentive model of knowledge-sharing is established especially on the basis of fully considering the internal and external factors of knowledge-sharing. This research study has provided some innovation in the theoretical system and method improvement, and has guaranteed the efficient integration, utilization, and innovation of knowledge resources in the cross-boundary alliance.

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“…A strategic examination of the design of the incentive structures is of immense importance to ensure a high participation of the crowd. While some authors assume that a specific incentive structure for the employees is not necessary because it is already sufficiently covered by salaries and bonus payments [54,55], others advocate specific incentive structures to ensure the long-term commitment of employees [56,57]. Should the organization use incentives, material and immaterial incentives are possible.…”

Section: Incentive Designmentioning

confidence: 99%

Internal Open Innovation—Lessons Learned from Internal Crowdsourcing at SAP

Pohlisch¹

2020

Sustainability

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Crowdsourcing provides companies with access to widespread knowledge pools and constitutes a well-established inbound open innovation practice. More recently, some companies have introduced the approach of open innovation within their company boundaries. Using internal crowdsourcing (IC), companies can apply open innovation principles to overcome information silos. Multinational corporations often have thousands of employees around the globe, embedded in divisions and virtually separated from each other. Although a large proportion of companies nowadays use social IT to mitigate problems of distance, only a few companies can access their employees’ wisdom effectively—let alone efficiently. With almost 100,000 employees worldwide, SAP possesses significant resources, which IC can help to unlock and develop. In this business case study, we report the findings of our investigation of five IC implementations at SAP. Based on interviews and secondary data, we analyze the process and related governance tasks of the different IC approaches. The applications for IC range from the search for new and sustainable business models to an approach that uses crowdsourcing for the competence development of SAP’s employees. Our paper contributes to our understanding of open innovation and crowdsourcing by conceptualizing IC as a form of internal open innovation. Further, from our observations, we derive six lessons learned to support managers in implementing and executing IC initiatives successfully. Our findings will subsequently help managers to increase the innovation capabilities of their companies, create more sustainable business models, further the entrepreneurial mindset of their employees and thus provide a competitive advantage.

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Analysis of Enterprise Sustainable Crowdsourcing Incentive Mechanism Based on Principal-Agent Model

Cited by 12 publications

References 49 publications

How and when corporate social performance reduces firm risk? The moderating role of corporate governance

How and when corporate social performance reduces firm risk? The moderating role of corporate governance

Research on the Knowledge-Sharing Incentive of the Cross-Boundary Alliance Symbiotic System

Internal Open Innovation—Lessons Learned from Internal Crowdsourcing at SAP

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