Strategic Leadership & Governance IG
Investors and entrepreneurs face uncertainty when deciding what firms to start and fund. We show that an intermediation effort to make entry easier for entrepreneurs increases the uncertainty that entrepreneurs…
Read More about The Dark Side of Institutional IntermediariesTop management teams (TMTs) in firms can fracture into subgroups based on demographic characteristics (e.g., age, gender, and education level) as well as based on task‐related characteristics (e.g., functional background,…
Read More about TMT Faultlines and Strategic Change: What Role Does Environmental Dynamism Play?This paper shows that corporate short-termism is hampering business success. We show clear, causal evidence that imposing long-term incentives on executives—in the form of long-term executive compensation—improves business performance. Long-term…
Read More about Flammer & Bansal, Does a Long-Term Orientation Create Value?Despite criticism from stakeholders, the public, media, and policy makers, many firms do not take serious action against CEOs who have committed financial misconduct. Past studies have suggested that this…
Read More about Political ideology of board and CEO dismissal following financial misconductWe articulate how CEOs posses-sing certain psychological, behavioral, and social charac-teristics may unknowingly precipitate competitive attackson their firms. Our explanation integrates insights fromvictimology which explain how individuals are subject tomore…
Read More about Hill, Recendes, AnridgeWe study how the optimal configuration of the overall pay system differs between firms that pursue growth‐oriented and efficiency‐oriented strategies. Our results show that growth‐oriented firms (prospectors) benefit from pay…
Read More about Right on the Money?Business headlines regularly feature episodes of organizational misconduct, such as product safety problems, environmental violations, employee mistreatment, and securities lawsuits, and their aftermath. In such scenarios, shareholders demand answers from…
Read More about Connelly, Ketchen, Gangloff, & Shook on investor reactions to firing CEOsAs China’s environmental awareness is growing, the country’s government is increasingly concerned with the question as to how it can improve the environmental performance of the firms it controls. Our…
Read More about Government’s Green Grip: State Influence on Corporate Environmental Actions in ChinaSeveral studies suggest that political ties help firms survive or perform but do not examine the boundary conditions concerning which types of firms and which type of ties help firms.…
Read More about Weiting Zheng on Buffering and Enabling: Political Ties in Chinaby Steve Boivie, Mike Withers, Scott Graffin, and Kevin Corley A new study in the Strategic Management Journal coauthored by Steve Boivie, Mike Withers, Scott Graffin, and Kevin Corley, helps…
Read More about Directors Want to Collaborate With Managers But Not Control Them