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作者：Garg, Sam; Bingham, Christopher B.
作者单位：ESSEC Business School; University of North Carolina; University of North Carolina Chapel Hill
摘要：Research SummaryThis article explores how new venture leaders foster positive CEO-board relationships, a critical yet underdeveloped topic in governance research. We examine the ongoing interactions between first-time CEOs and their boards, focusing on the tension between boards' need for influence and transparency and CEOs' desire for autonomy and control. Introducing the concept of relationship cycles, we demonstrate how early interactions create virtuous or vibcious feedback loops that shap...
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作者：Zhong, Weiguo; Zheng, Yanfeng
作者单位：Peking University; Hong Kong University of Science & Technology
摘要：Research SummaryThe impact of political connections on firm innovation remains unclear. Utilizing the unexpected removal of high-ranking officials during China's anti-corruption campaigns between 1999 and 2015 as an exogenous shock, we analyze this relationship to provide greater clarity. Employing a difference-in-differences approach, we find that firms that experience unexpected loss of political connections file significantly more patent applications than those that do not experience such d...
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作者：Bondi, Tommaso; Burbano, Vanessa C.; Dell'Acqua, Fabrizio
作者单位：Cornell University; Columbia University; Harvard University
摘要：Research SummaryChief executive officer (CEO) political activism is increasing, but its strategic implications remain unclear. We conduct two survey-based experiments to shed light on how individuals respond to CEO activism. We differentiate between communicating an apolitical stance versus saying nothing - an unexplored distinction to date. We furthermore examine whether characteristics which could influence perceived credibility of the stance - whether it is consistent with expectations and ...
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作者：Jeong, Hyoju; Kaul, Aseem; Luo, Jiao
作者单位：Tulane University; University of Minnesota System; University of Minnesota Twin Cities
摘要：Research SummaryWe examine the comparative governance of for-profit provision of public services, distinguishing between two types of for-profit providers: investor-owned firms (IOFs) and cooperatives. We argue that because cooperatives are owned and operated by those who benefit directly from the positive externalities generated by public services they are well suited to serving poor or high cost communities that may be underserved by IOFs, and that this will be especially true when they serv...
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作者：Park, Eunyoung; Lange, Donald; Jeon, Chunhu
作者单位：Hong Kong University of Science & Technology; Arizona State University; Arizona State University-Tempe; Morgan State University
摘要：Research SummaryThis study examines whether U.S. corporate executives would adopt a stronger stakeholder orientation if constraints imposed by shareholder litigation risk were relaxed. Leveraging the staggered adoption of Universal Demand (UD) laws across states as a quasi-experimental setting, we test whether reduced litigation risk leads to managers prioritizing broader stakeholder initiatives. We find that firms increase stakeholder-focused efforts following UD law adoption, with this shift...
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作者：Zhang, Ziheng; Mount, Matthew P.; Zhang, Stephen X.
作者单位：Nankai University; University of Adelaide; Baylor University
摘要：Research SummaryUnderstanding the antecedents and consequences of executive turnover is an important topic in strategy research. Yet, due to limitations in data availability, we know little about the turnover and dismissal of executives beyond the CEO. To address this, we develop an open access database on CFO turnover and dismissal-given the unique interface CFOs form with CEOs as strategic partners-in S&P 1500 firms between 2000 and 2022. We search for media documentation of CFO turnover eve...
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作者：Lee, Yonghoon G.; Choi, Joon Nak
作者单位：Texas A&M University System; Texas A&M University College Station; Hong Kong University of Science & Technology
摘要：Research SummaryManagers draw on their informal networks of peers outside of their firm to better understand uncertain markets and help their firms adapt. This helps firms enhance their performance in information environments characterized by idiosyncratic and difficult-to-standardize soft information. However, in information environments characterized by standardized hard information, joint discussions facilitated by informal networks can make managers and their firms maladaptive towards unce...
