4期

最新文章

• Do investors actually value sustainability? New evidence from investor reactions to the Dow Jones Sustainability Index (DJSI) AI翻译
  作者：Hawn, Olga; Chatterji, Aaron K.; Mitchell, Will
  作者单位：University of North Carolina; University of North Carolina Chapel Hill; Duke University; University of Toronto
  摘要：Research Summary: Research exploring investor reactions to sustainability has substantial empirical limitations, which we address with a large-scale longitudinal financial event study of the first global sustainability index, DJSI World. We examine investor reactions to firms from 27 countries over 17years that are added, deleted, or continue on the index. We find that once relevant controls and comparisons to observationally equivalent firms beyond the index are included, DJSI events have onl...
• Which pathway to good ideas? An attention-based view of innovation in social networks AI翻译
  作者：Rhee, Luke; Leonardi, Paul M.
  作者单位：New York University; New York University Tandon School of Engineering; University of California System; University of California Santa Barbara
  摘要：Research Summary: This study introduces the notion of attention allocation in networks to argue that individuals with different types of network structure produce good ideas via different pathways. Using survey data on communication networks at a software company, we find that people with highly constrained networks generate good ideas by following a logic of interrogation, by which they focus their attention on information from a particular contact. Conversely, individuals with less constrain...
• Threat of falling high status and corporate bribery: Evidence from the revealed accounting records of two South Korean presidents AI翻译
  作者：Jeong, Yujin; Siegel, Jordan I.
  作者单位：American University; University of Michigan System; University of Michigan
  摘要：Research Summary: Social status and its dynamics may be an important predictor of which firms will engage in large-scale bribery. Prior theory is incomplete, however, and prior studies have lacked comprehensive and reliable data on firm-level bribery decisions. We offer a new theoretical prediction and a novel data set on high-level corruption in South Korea, where the accounting records of two presidents in the 1987-1992 era were exposed to after-the-fact legal and public scrutiny. We find th...
• Under the microscope: An experimental look at board transparency and director monitoring behavior AI翻译
  作者：Li, Weiwen; Krause, Ryan; Qin, Xin; Zhang, Junsheng; Zhu, Hang; Lin, Shanshan; Xu, Yuehua
  作者单位：Sun Yat Sen University; Texas Christian University; Sun Yat Sen University
  摘要：Research Summary: It is well known in corporate governance scholarship that independent directors differ in the vigilance with which they monitor corporate insiders. This difference depends largely on whether independent directors are concerned more with their public reputation or with their prospects in the director labor market. The explanation for this difference depends on an assumption of information asymmetry, however. In the present study, we relax the assumption of information asymmetr...
• Stepping across for social approval: Ties to independent foundations' boards after financial restatement AI翻译
  作者：Lungeanu, Razvan; Paruchuri, Srikanth; Tsai, Wenpin
  作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
  摘要：Research Summary: Integrating research on independent philanthropy and organizational misconduct, we argue that affiliations with independent foundations provide social approval benefits for firms that restate their financials. We use a panel of S&P 500 companies from 2004 to 2011 to investigate the addition of foundation board ties by restating firms. CEOs of restating firms add more new foundation board ties than CEOs of non-restating firms, while existing corporate philanthropy and greater ...
• Cognitive flexibility and adaptive decision-making: Evidence from a laboratory study of expert decision makers AI翻译
  作者：Laureiro-Martinez, Daniella; Brusoni, Stefano
  作者单位：Swiss Federal Institutes of Technology Domain; ETH Zurich
  摘要：Research Summary: How can strategic decision makers overcome inertia when dealing with change? In this article we argue that cognitive flexibility (i.e., the ability to match the type of cognitive processing with the type of problem at hand) enables decision makers to achieve significantly higher decision-making performance. We show that superior decision-making performance is associated with using semiautomatic Type 1 cognitive processes when faced with well-structured problems, and more deli...
• Scope versus speed: Team diversity, leader experience, and patenting outcomes for firms AI翻译
  作者：Choudhury, Prithwiraj; Haas, Martine R.
  作者单位：Harvard University; University of Pennsylvania
  摘要：Research Summary: How does the organization of patenting activity affect a firm's patenting outcomes? We investigate how the composition of patenting teams relates to both the scope of their patent applications and the speed with which their patents are approved, by examining the main effects of team members' intra-organizational diversity (based on affiliations with formal organizational units and informal organizational communities) and the moderating effects of team leader experience. We te...
• Stock market undervaluation of resource redeployability AI翻译
  作者：Sakhartov, Arkadiy V.
  作者单位：University of Pennsylvania
  摘要：Research Summary: Stock market undervaluation of resources was often assumed to have strategic implications. Such undervaluation lets firms buy resources relatively cheaply, but it can also constrain resource deployment. This article shows that the option to redeploy a firm's resources to a new business can be undervalued in stock markets when investors face ambiguity about that option due to uniqueness of redeployment. The developed formal model derives conditions under which stock markets un...
• Performance feedback and middle managers' divergent strategic behavior: The roles of social comparisons and organizational identification AI翻译
  作者：Tarakci, Murat; Ates, Nufer Yasin; Floyd, Steven W.; Ahn, Yoojung; Wooldridge, Bill
  作者单位：Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; Ihsan Dogramaci Bilkent University; Tilburg University; University of Massachusetts System; University of Massachusetts Amherst; City University of Hong Kong
  摘要：Research Summary: What drives middle managers to search for new strategic initiatives and champion them to top management? This behaviorlabeled divergent strategic behaviorspawns emergent strategies and thereby provides one of the essential ingredients of strategic renewal. We conceptualize divergent strategic behavior as a response to performance feedback. Data from 123 senior middle managers overseeing 21 multi-country organizations (MCOs) of a Fortune 500 firm point to social performance co...
• Toward a behavioral theory of real options: Noisy signals, bias, and learning AI翻译
  作者：Posen, Hart E.; Leiblein, Michael J.; Chen, John S.
  作者单位：University of Wisconsin System; University of Wisconsin Madison; University System of Ohio; Ohio State University; State University System of Florida; University of Florida
  摘要：Research Summary: We develop a behavioral theory of real options that relaxes the informational and behavioral assumptions underlying applications of financial options theory to real assets. To do so, we augment real option theory's focus on uncertain future asset values (prospective uncertainty) with feedback learning theory that considers uncertain current asset values (contemporaneous uncertainty). This enables us to incorporate behavioral bias in the feedback learning process underlying th...