-
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...
-
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...
-
作者：Zhang, Ziheng; Mount, Matthew P.; Zhang, Stephen X.
作者单位：Nankai University; Adelaide 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...
-
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...
