nep-knm New Economics Papers
on Knowledge Management and Knowledge Economy
Issue of 2025–12–22
three papers chosen by
Laura Nicola-Gavrila, Centrul European de Studii Manageriale în Administrarea Afacerilor
  1. Vague Knowledge: Information without Transitivity and Partitions By Kerry Xiao
  2. Transformational Leadership on Organizational Infrastructure Resources: Evidence from Malaysian Construction Organizations By Khairul Firdaus Anuar
  3. Banking on Experience. Capital Reallocation, Asset Knowledge, and the Structure of Credit Contracts By Qingqing Cao; Hans Degryse; Sotirios Kokas; Raoul Minetti
  1. By: Kerry Xiao
    Abstract: I relax the standard assumptions of transitivity and partition structure in economic models of information to formalize vague knowledge: non-transitive indistinguishability over states. I show that vague knowledge, while failing to partition the state space, remains informative by distinguishing some states from others. Moreover, it can only be faithfully expressed through vague communication with blurred boundaries. My results provide microfoundations for the prevalence of natural language communication and qualitative reasoning in the real world, where knowledge is often vague.
    Date: 2025–12
    URL: https://d.repec.org/n?u=RePEc:arx:papers:2512.05833
  2. By: Khairul Firdaus Anuar (Faculty of Technology, Design & Management, UCYP University, Pahang, Malaysia Author-2-Name: Nurhaizan Mohd Zainudin Author-2-Workplace-Name: Faculty of Industrial Management, Universiti Malaysia Pahang, Al-Sultan Abdullah, Lebuh Persiaran Tun Khalil Yaakob, 26300, Gambang, Pahang, Malaysia Author-3-Name: Muhammad Ashraf Fauzi Author-3-Workplace-Name: Faculty of Industrial Management, Universiti Malaysia Pahang, Al-Sultan Abdullah, Lebuh Persiaran Tun Khalil Yaakob, 26300, Gambang, Pahang, Malaysia Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Abstract: " Objective - This study investigates the impact of Transformational Leadership (TL) on Organizational Infrastructure Resources; Knowledge Sharing (KS), Human Resource Management (HRM) and Top Management Commitment (TMC) in Malaysian construction organizations. Grounded in the Contingency Theory, this research posits that TL is strategic in nature by assisting in aligning internal capabilities to performance goals within a project-driven environment. Methodology/Technique - Using a survey method, this study obtained usable responses to investigate the extent to which these variables affect performance, using Partial Least Squares-Structural Equation Model (PLS-SEM) analysis. Findings - The results of the empirical study reveal that TL has a significant positive influence on all three KS dimensions (KS among projects, KS within projects, and KS within organizations), HRM, and TMC. These results highlight the importance of TL for knowledge-oriented collaboration, the intensification of HR practices, and the strengthening of executive alignment. Novelty - The research adds to the leadership and construction management literature by presenting the significant empirical proof of organizing TL into the organization's infrastructure. Practical implications argue for the institutionalization of TL-based leadership development and its inclusion in HRM and strategic governance practices to enhance organizational performance in construction firms. Type of Paper - Empirical"
    Keywords: Transformational Leadership; Knowledge Sharing; Human Resource Management; Top Management Commitment; Construction Industry; Malaysia.
    JEL: L00 L25 L74
    Date: 2025–12–31
    URL: https://d.repec.org/n?u=RePEc:gtr:gatrjs:jmmr353
  3. By: Qingqing Cao; Hans Degryse; Sotirios Kokas; Raoul Minetti
    Abstract: The firm sector continuously engages in the reallocation of physical capital. We study the implications for credit market outcomes of banks' engagement in borrowing firms' capital reallocation. We develop a model in which banks' experience with the reallocation opportunities of physical capital raises their ability to recover liquidation values after firm defaults and asset reallocations, diluting banks' incentives to monitor borrowers. To test the model, we then construct an empirical measure of banks' engagement in capital reallocation using US loan-level data matched with firm-level data on capital asset transactions. We find that, unlike lending relationships and experience with co-lenders, capital allocation engagement dilutes banks' monitoring incentives, calling for larger involvement in loan syndication.
    Keywords: banks; experience; capital allocation; sector specialization; monitoring
    JEL: G21 D8
    Date: 2025–12–17
    URL: https://d.repec.org/n?u=RePEc:fip:fedcwq:102233
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