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作者：Tantalo, Caterina; Priem, Richard L.
作者单位：California State University System; San Francisco State University; Texas Christian University; Luiss Guido Carli University
摘要：Our stakeholder synergy perspective identifies new value creation opportunities that are especially effective strategically because a single strategic action (1) increases different types of value for two or more essential stakeholder groups simultaneously, and (2) does not reduce the value already received by any other essential stakeholder group. This result is obtainable because multiple potential sources of value creation exist for each essential stakeholder group. Actions that meet these ...
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作者：Garcia-Castro, Roberto; Francoeur, Claude
作者单位：University of Navarra; IESE Business School; Universite de Montreal; HEC Montreal
摘要：Instrumental stakeholder theory has largely emphasized the positive effects of investing in stakeholder cooperative relationships in an additive, linear fashion in the sense that the more investments the better. Yet investing in stakeholders can be very costly and the effects of these investments in firm performance are subject to complex internal complementarities and external contingencies. In this article we rely on set-theoretic methods and a large international dataset of 1,060 multinatio...
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作者：Castellaneta, Francesco; Gottschalg, Oliver
作者单位：Universidade Catolica Portuguesa; Hautes Etudes Commerciales (HEC) Paris
摘要：We study the impact of ownership on firm performance in an unexplored governance context: private equity (PE) firms and the buyouts in which they invest. We employ a multiple-membership, cross-classified, multilevel model on a unique database of 6,950 buyouts realized by 255 PE firms between 1973 and 2008 in 77 countries. The results document a significant PE firm effect (4.6%), the importance of which grows as time passes. We then study three contingencies that increase the importance of the ...
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作者：Seo, Jeongil; Gamache, Daniel L.; Devers, Cynthia E.; Carpenter, Mason A.
作者单位：Sogang University; University System of Georgia; University of Georgia; University of Wisconsin System; University of Wisconsin Madison; Michigan State University; Michigan State University's Broad College of Business
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作者：Chen, Guoli; Crossland, Craig; Huang, Sterling
作者单位：INSEAD Business School; University of Notre Dame; Singapore Management University
摘要：This study examines the impact of female board representation on firm-level strategic behavior within the domain of mergers and acquisitions (M&A). We build on social identity theory to predict that greater female representation on a firm's board will be negatively associated with both the number of acquisitions the firm engages in and, conditional on doing a deal, acquisition size. Using a comprehensive, multiyear sample of U.S. public firms, we find strong support for our hypotheses. We demo...
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作者：Bettis, Richard A.; Ethiraj, Sendil; Gambardella, Alfonso; Helfat, Constance; Mitchell, Will
作者单位：University of North Carolina; University of North Carolina Chapel Hill; University of London; London Business School; Bocconi University; Dartmouth College; University of Toronto; Duke University
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作者：Surroca, Jordi; Prior, Diego; Tribo Gine, Josep A.
作者单位：Universidad Carlos III de Madrid; Autonomous University of Barcelona
摘要：In this study, we examine the existence and performance of cognitive groups. In accordance with the attention-based view of managerial cognition, cognitive groups are defined as groups of firms in which the CEOs focus their attention on similar strategic elements when seeking to maximize their firm's competitive advantage. We developed a panel data extension of the original Data Envelopment Analysis to gauge CEOs' focus of attention and then clustered firms into groups. We compared our approac...
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作者：Petrenko, Oleg V.; Aime, Federico; Ridge, Jason; Hill, Aaron
作者单位：Oklahoma State University System; Oklahoma State University - Stillwater; Clemson University
摘要：This study builds on insights from both upper echelons and agency perspectives to examine the effects on corporate social responsibility (CSR) practices of CEO's narcissism. Drawing on prior theory about CEO narcissism, we argue that CSR can be a response to leaders' personal needs for attention and image reinforcement and hypothesize that CEO narcissism has positive effects on levels and profile of organizational CSR; additionally, CEO narcissism will reduce the effect of CSR on performance. ...
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作者：Kang, Jingoo
作者单位：Nanyang Technological University; Korea University
摘要：Do CEOs nearing retirement attempt to boost short-term firm performance or do they care more about what type of legacy they will leave behind? The two opposing predictions about the behavior of CEOs upon retirement suggest that retiring CEOs' decisions about certain long-term investment items may be more complex than suggested in the literature. In search of an answer to this question, we examine the relationship between CEO retirement and the level of firm commitment to corporate social respo...
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作者：Desender, Kurt A.; Aguilera, Ruth V.; Lopezpuertas-Lamy, Monica; Crespi, Rafel
作者单位：Universidad Carlos III de Madrid; Northeastern University; Universitat Ramon Llull; Escuela Superior de Administracion y Direccion de Empresas (ESADE); Universitat de les Illes Balears
摘要：We ask whether and when shareholder-oriented foreign owners are likely to change corporate governance logics in a stakeholder-oriented setting by introducing shareholder-oriented governance practices. We focus on board monitoring and claim that because the bundle of practices used in a stakeholder context does not protect shareholder-oriented foreign owners' interests, they seek to introduce their own practices. Our results suggest that board monitoring is only activated when shareholder-orien...
