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最新文章

• The impact of CEO status diffusion on the economic outcomes of other senior managers AI翻译
  作者：Graffin, Scott D.; Wade, James B.; Porac, Joseph F.; McNamee, Robert C.
  作者单位：University System of Georgia; University of Georgia; Georgetown University; New York University; Rutgers University System; Rutgers University Newark; Rutgers University New Brunswick
  摘要：In this paper we develop and test predictions regarding the impact of CEO status on the economic outcomes of top management team members. Using a unique data set incorporating Financial World's widely publicized CEO of the Year contest, we found that non-CEO top management team members received higher pay when they worked for a high-status CEO. However, star CEOs themselves retained most of the compensation benefits. We also show that there is a burden of celebrity in that the above relationsh...
• Ownership structure and the relationship between financial slack and R&D investments: Evidence from Korean firms AI翻译
  作者：Kim, Hicheon; Kim, Heechun; Lee, Peggy M.
  作者单位：Korea University; Arizona State University; Arizona State University-Tempe
  摘要：We use agency theory to examine the influence of ownership structure on the relationship between financial slack and R&D investments, highlighting how that relationship might differ depending on the identity of the owners, and their potentially different interests. In doing so, we extend the scope of agency theory by examining the principal-principal conflicts of interests that may exist among different types of owners. Using a sample of Korean manufacturing firms in R&D-intensive industries b...
• Institutional ownership and monitoring effectiveness: It's not just how much but what else you own AI翻译
  作者：Dharwadkar, Ravi; Goranova, Maria; Brandes, Pamela; Khan, Raihan
  作者单位：Syracuse University; University of Wisconsin System; University of Wisconsin Milwaukee; State University of New York (SUNY) System; State University of New York (SUNY) - Oswego
  摘要：Corporate governance research indicates that large owners provide effective monitoring. In this article, we expand firm-level notions of monitoring to include large institutional owners' investment portfolios and suggest that portfolio characteristics affect owners' motivation and capacity to monitor, which compromises the positive effects of monitoring at the firm level. Specifically, using data from 533 large firms over a 10-year period, we find that increases in the size of portfolio holdin...
• Directors' multiple identities, identification, and board monitoring and resource provision AI翻译
  作者：Hillman, Amy J.; Nicholson, Gavin; Shropshire, Christine
  作者单位：Arizona State University; Arizona State University-Tempe; Queensland University of Technology (QUT); University System of Georgia; University of Georgia
  摘要：Scholars and practitioners are interested in board effectiveness, yet we know relatively little about directors' engagement in the boardroom. We integrate identity theory and social identity theory research with literature on board monitoring and resource provision to model how directors' multiple identities affect their behavior. We propose that directors' strength of identification with multiple identities affects the extent to which they engage in monitoring and resource provision. We discu...
• New directions in corporate governance research AI翻译
  作者：Hambrick, Donald C.; Werder, Axel V.; Zajac, Edward J.
  作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; Technical University of Berlin; Northwestern University
  摘要：In this essay, we seek to identify the contributions that strategy and organizational researchers have made, and continue to make, in enhancing our understanding of a wide variety of important corporate governance questions. We begin by discussing how these research contributions stem from a willingness to draw from and contribute to different streams of intellectual thought, and we provide an orienting framework to situate this work.
• An organizational approach to comparative corporate governance: Costs, contingencies, and complementarities AI翻译
  作者：Aguilera, Ruth V.; Filatotchev, Igor; Gospel, Howard; Jackson, Gregory
  作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University of Illinois System; University of Illinois Urbana-Champaign; City St Georges, University of London; University of London; King's College London
  摘要：This paper develops an organizational approach to corporate governance and assesses the effectiveness of corporate governance and implications for policy. Most corporate governance research focuses on a universal link between corporate governance practices (e. g., board structure, shareholder activism) and performance outcomes, but neglects how interdependencies between the organization and diverse environments lead to variations in the effectiveness of different governance practices. In contr...
• Coming forward: The effects of social and regulatory forces on the voluntary restatement of earnings subsequent to wrongdoing AI翻译
  作者：Pfarrer, Michael D.; Smith, Ken G.; Bartol, Kathryn M.; Khanin, Dmitry M.; Zhang, Xiaomeng
  作者单位：University of Denver; University System of Maryland; University of Maryland College Park; California State University System; California State University Fullerton; American University
  摘要：We investigate the effects of social and regulatory forces on a firm's decision to disclose past wrongdoing by voluntarily restating its earnings. With an eight-year sample of more than 2,500 public firms, including 170 voluntary restaters, we find that firms are more likely to voluntarily restate their earnings in response to informal social pressures from other firms in their industry and less likely to do so in response to formal regulatory sanctions. We also show that the impact of these f...