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作者:Certo, ST; Daily, CM; Cannella, AA Jr; Dalton, DR
作者单位:Texas A&M University System; Texas A&M University College Station; Indiana University System; Indiana University Bloomington
摘要:Recent research has suggested that stock options and equity ownership have different motivational implications for executive risk taking. We examined investors' reactions to the differing incentive properties of stock options and equity ownership in the context of firms undertaking initial public offerings (IPOs). We found that stock options and equity ownership interacted to influence the premiums that investors applied to IPO firms. We suggest that the effectiveness of CEO stock options may ...
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作者:Daily, CM; Dalton, DR; Rajagopalan, N
作者单位:Indiana University System; Indiana University Bloomington; University of Southern California
摘要:The governance of organizations with dispersed ownership has received academic attention for over seven decades. Early research focused largely on managerial opportunism and mechanisms for minimizing its impact on shareholder wealth. The governance landscape has dramatically changed in the past several decades with the emergence of powerful owners such as institutional investors and large blockholders, as well as increased reliance on equity-based forms of compensation. Contemporary researcher...
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作者:Simon, M; Houghton, SM
作者单位:Oakland University; University System of Georgia; Georgia State University
摘要:To date, no field research has examined the effects of overconfidence on ill-structured decisions made by managers, such as product introductions. We explored this gap in the literature and found, in a study of high-technology firms, that overconfidence was positively related to the degree to which product introductions were pioneering (risky). Further, managers introducing pioneering products were more apt to express extreme certainty about achieving success, but these products were less like...
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作者:Subramani, MR; Venkatraman, N
作者单位:University of Minnesota System; University of Minnesota Twin Cities; Boston University
摘要:We model the governance strategies adopted by suppliers to safeguard relationship-specific investments in asymmetric interorganizational relationships using two dimensions: quasi integration and joint decision making. Data from a field study of 211 supplier-retailer relationships support the research model. Domain knowledge specificity arising from relationship-specific intellectual capital investments emerges as the most influential determinant of governance. The results provide preliminary b...
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作者:Coff, R
作者单位:Emory University
摘要:The knowledge-based theory of the firm suggests that, as knowledge intensity increases, knowledge management concerns, not opportunism, should increasingly drive organizational boundary decisions. Therefore, as R&D intensity increases, knowledge-based theory should gain explanatory power over transaction cost economics, in which opportunism is the primary driver. However, this study shows problems of opportunism increasing with R&D intensity. For example, as R&D intensity increased, managers a...
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作者:Tepper, BJ; Taylor, EC
作者单位:University of North Carolina; University of North Carolina Charlotte; Piedmont University
摘要:We developed and tested a model in which supervisors' procedural justice perceptions lead to supervisors' organizational citizenship behavior (OCB), supervisors' OCB leads to subordinates' procedural justice perceptions, and in turn, subordinates' procedural justice perceptions directly influence subordinates' OCB. Using data collected from 373 National Guard members and their military supervisors, we found support for the mediation framework as well as for the prediction that individuals' OCB...
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作者:Zhang, Y; Rajagopalan, N
作者单位:Rice University; University of Southern California
摘要:We classified newly chosen CEOs' origins into three categories: intrafirm, intraindustry, and outside-industry, and examined their firm-level and industry-level antecedents. In a sample of 220 CEO successions between 1993 and 1998, intrafirm succession was positively associated with the presence of an heir apparent and the number of nonheir inside directors. Intraindustry succession was positively associated with strategic homogeneity among industry firms and a. focal firm's strategic conformi...
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作者:Chang, SJ
作者单位:Korea University
摘要:In this study, a sample of group-affiliated public firms in Korea was used to examine simultaneous causality between ownership structure and performance. The results show that performance determines ownership structure but not vice versa and provide strong evidence that controlling shareholders use insider information to take direct and indirect equity stakes in profitable or promising firms and transfer profits to affiliates through intragroup trade. These findings highlight the importance of...
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作者:Van der Vegt, GS; Van de Vliert, E; Oosterhof, A
作者单位:University of Groningen
摘要:A questionnaire study of 129 members of 20 multidisciplinary project teams examined the relationship between informational dissimilarity and both team identification and organizational citizenship behavior (OCB) for individuals working under different interdependence configurations. Results revealed that under congruent low-low and high-high combinations of task and goal interdependence, informational dissimilarity was unrelated to team identification and OCB. By contrast, under incongruent lo...
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作者:Flynn, FJ
作者单位:Columbia University
摘要:Data collected from 161 employees of a large firm suggest that perceived generosity is positively related to individual social status, but maintaining an equitable balance is positively related to individual productivity. Employees may address this dilemma by increasing how often they exchange favors rather than by seeking exchange equity. Frequent favor exchange was positively related to both status and productivity and strengthened the generosity-status and the balance-productivity relations...