References
- Abbott, M. (2020). The gambling harm paradox. Journal of Gambling Studies, 36(1), 15-28. https://doi.org/10.1007/s10899-019-09858-7
- Abbott, M., & Volberg, R. (2020). Gambling and public health: International perspectives. International Gambling Studies, 20(3), 381-400. https://doi.org/10.1080/14459795.2020.1771711
- Adams, R. (2019). The economics of gambling markets. Journal of Gambling Studies, 35(2), 305-322. https://doi.org/10.1007/s10899-018-9791-3
- Bag, S., & Pretorius, J., H., C. (2023). Managerial discretion and firm performance: Evidence from high-risk industries. International Journal of Production Research, 61(12), 3875-3892. https://doi.org/10.1080/00207543.2022.2156123
- Barney, J. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1), 99-120. https://doi.org/10.1177/014920639101700108
- Binde, P. (2019). Gambling advertising and cultural context. International Gambling Studies, 19(2), 192-205. https://doi.org/10.1080/14459795.2019.1590478
- Browne, M., & Rockloff, M. (2018). The dangers of over-emphasizing gambling revenues. Journal of Behavioral Addictions, 7(4), 875-879. https://doi.org/10.1556/2006.7.2018.92
- Cassidy, R. (2020). The financialization of gambling. Economy and Society, 49(3), 368-392. https://doi.org/10.1080/03085147.2020.1726315
- Chiarini, A., & Bag, S. (2024). Corporate growth versus profitability trade-offs: A managerial perspective. Journal of Business Research, 174, 114102. https://doi.org/10.1016/j.jbusres.2023.114102
- Chiarini, A., & Bag, S. (2024). Strategic trade-offs between profitability and growth in emerging markets. Journal of Business Research, 169, 114273. https://doi.org/10.1016/j.jbusres.2023.114273
- Chiu, C. (2020). Managerial models of firm growth revisited: Testing Williamson’s compromise. Management Decision, 58(7), 1284-1298. https://doi.org/10.1108/MD-06-2019-0817
- Coad, A. (2009). The growth of firms: A survey of theories and empirical evidence. Edward Elgar Publishing. https://doi.org/10.4337/9781848449107
- Delfabbro, P., & King, D. (2020). Gambling markets and corporate responsibility. Journal of Business Ethics, 162(1), 15-31. https://doi.org/10.1007/s10551-018-3962-8
- Fama, E. F., & Jensen, M. C. (1983). Separation of ownership and control. Journal of Law and Economics, 26(2), 301-325. https://doi.org/10.1086/467037
- Feng, C., Lin, Z., & Chen, H. (2021). Profitability versus growth orientation in volatile industries. Long Range Planning, 54(5), 102045. https://doi.org/10.1016/j.lrp.2020.102045
- García, M., & Singh, R. (2022). Corporate strategies under uncertainty: Lessons from gambling firms. Strategic Management Journal, 43(11), 2148-2167. https://doi.org/10.1002/smj.3428
- Gainsbury, S. (2019). Digital convergence in gambling and gaming industries. International Gambling Studies, 19(3), 293-307. https://doi.org/10.1080/14459795.2019.1586921
- Gainsbury, S. M., & Parke, J. (2020). The shifting landscape of gambling research. Current Opinion in Behavioral Sciences, 31, 12-17. https://doi.org/10.1016/j.cobeha.2019.10.005
- Gainsbury, S., M., Russell, A. M., & Blaszczynski, A. (2020). Online gambling and risk perception. Journal of Gambling Issues, 45, 108-127. https://doi.org/10.4309/jgi.2020.45.7
- Harrigan, K., & MacLaren, V. (2018). Gambling and game design. Journal of Gambling Studies, 34(1), 1-13. https://doi.org/10.1007/s10899-017-9723-3
- Humphreys, B. R., & Perez, L. (2021). The economics of sports betting. Economic Inquiry, 59(3), 1101-1122. https://doi.org/10.1111/ecin.12968
- Latvala, T., Lintonen, T., & Konu, A. (2019). Public health impacts of gambling: A scoping review. BMC Public Health, 19, 107. https://doi.org/10.1186/s12889-019-7391-z7
- Li, E., & Zhao, Y. (2021). Digital platforms and competitive dynamics in gambling. Technological Forecasting & Social Change, 169, 120825. https://doi.org/10.1016/j.techfore.2021.120825
- Livingstone, C., & Rintoul, A. (2020). Gambling policy and the public interest. International Journal of Mental Health and Addiction, 18(3), 563-577. https://doi.org/10.1007/s11469-019-00099-9
- McCarthy, I., P., Puffer, S., & Zhang, Y. (2021). Balancing growth and profitability: Evidence from emerging economies. Journal of World Business, 56(6), 101282. https://doi.org/10.1016/j.jwb.2021.101282
- Mullins, J., W. (1996). Early growth decisions of entrepreneurs: The influence of competency and prior performance under changing market conditions. Journal of Business Venturing, 11(2), 89-105. https://doi.org/10.1016/0883-9026(95)00105-0
- Orford, J. (2019). The regulation of gambling: A public health perspective. Annual Review of Public Health, 40, 585-603. https://doi.org/10.1146/annurev-publhealth-040218-044115
- Penrose, E., T. (1959). The theory of the growth of the firm. Oxford University Press. https://doi.org/10.1093/0198289774.001.0001
- Philander, K. (2019). Social responsibility in the gambling industry. Gaming Law Review, 23(2), 123-135. https://doi.org/10.1089/glr2.2019.2322
- Porter, M., E. (1980). Competitive strategy: Techniques for analyzing industries and competitors. Free Press.
- Reith, G., & Dobbie, F. (2019). Gambling careers: Paths, transitions, and turning points. Addiction Research & Theory, 27(6), 477-488. https://doi.org/10.1080/16066359.2019.1571196
- Sulkunen, P., & Rantala, V. (2019). Sociology of gambling. Acta Sociologica, 62(2), 127-139. https://doi.org/10.1177/0001699318820929
- Teece, D., J. (2018). Business models and dynamic capabilities. Long Range Planning, 51(1), 40-49. https://doi.org/10.1016/j.lrp.2017.06.007
- Thompson, W. (2019). Global gambling: Trends and regulatory responses. Gaming Law Review, 23(4), 226-235. https://doi.org/10.1089/glr2.2019.2345
- Wardle, H., Reith, G., Best, D., McDaid, D., & Platt, S. (2021). Measuring gambling-related harms. The Lancet Public Health, 6(2), e107-e115. https://doi.org/10.1016/S2468-2667(20)30240-9
- Williamson, O., E. (1963). Managerial discretion and business behavior. American Economic Review, 53(5), 1032-1057.
- Xu, T., & Zhang, L. (2022). Revenue growth, profit trade-offs, and managerial incentives. Journal of Corporate Finance, 75, 102204. https://doi.org/10.1016/j.jcorpfin.2022.102204
- Zhang, Y., & Yang, J. (2020). Risk management in the gambling industry. Journal of Risk and Financial Management, 13(11), 261. https://doi.org/10.3390/jrfm13110261
Language: English
Page range: 134 - 148
Submitted on: Oct 1, 2025
Accepted on: Nov 1, 2025
Published on: May 18, 2026
Published by: John Paul II University in Biała Podlaska
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year
Keywords:
Related subjects:
© 2026 Lilia Bublyk, published by John Paul II University in Biała Podlaska
This work is licensed under the Creative Commons Attribution 4.0 License.