No Country For Happy Entrepreneurs
Happiness shares an odd relationship with entrepreneurs. While happiness fuels productivity and creativity at an individual level, happy countries are found to be negatively correlated with entrepreneurial activities, say researchers Fiona Sussan, Leo Maganares, Norris Kruegen. They observed that internally-based motivation and externally-based uncontrollable factors should co-exist to influence entrepreneurial endeavours, since entrepreneurs are deeply embedded in the context of a society. The researchers came up with a good country index in which a good country is defined as one that contributes to the common good. Turns out, the relationship between happiness and entrepreneurial activities behaves in an inverted U-shaped curve.
Title: Are Entrepreneurial Countries Good, Happy, and Healthy for Entrepreneurs?
Source: Social Science Research Network
Successfully managing the supply chain is perhaps most essential for firms to ensure a smooth flow of goods to consumers. Researchers Claude Chereau and Carolin Schellhorn find that firms with sustainable and transparent supply chain management are perceived to be less risky and most valuable by investors. Disclosing information about environmental, social and government risks improves supply chains, which is likely to reduce behavioral volatilities and improve investors’ risk-return choices, asset valuations and resource allocations.
Title: Supply Chain Management and Investment Risk
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