Governance & Leadership

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Thinking of lobbying to cut costs of recalls? First, take cues from the media

Recalls can be costly — a conservative estimate suggests a recall can cost about $12 million. One way to limit the negative consequences is to engage in lobbying to lower the penalties, but it begs a greater question: how much should firm managers pay attention to media scrutiny in their decision to lobby?

Overconfident CEOs are more apt to pursue breakthrough innovations — but boards with expertise and power are necessary for project success

When both board power and expertise were present alongside an overconfident CEO, the results were remarkable…

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Understanding how CEO narcissism can shape corporate risk-taking

Corporate board structures have come under greater scrutiny since (at least) the 1990s. The U.S. government has taken steps to review potential problems, such as Securities and Exchange Commission rules…

Cultivating Inclusion: The Road to Effective Open Strategy in Modern Organizations

In today’s business landscape, there’s a noticeable trend towards inclusion in organizational strategy, referred to as open strategy. Companies are encouraging input from employees at all levels, recognizing the value…

How do Human Capital and Pro-Market Institutions Shape Ambitious Entrepreneurship in Good and Crisis Times?

Scholars and policymakers have highlighted the positive impact of human capital on entrepreneurial activity. Vast attention has also been directed to the beneficial role of pro-market institutions for entrepreneurship. A…

Are Foreign-Born CEOs Held to a Higher Standard?

CEO dismissals are often shrouded in secrecy, controversy, and confusion. And while a company’s profits constitute a fundamental measure of CEO success, poor financial performance can explain CEO firings only…

SMJ: Powerful Board Allies are a CEO’s Best Weapon

If we’ve learned anything from HBO’s smash hit Succession over the last four years, it’s that, as the authors of a new Strategic Management Journal article state, “Even the most powerful individuals do not…

SMJ: Salary Transparency with Low Monitoring Costs Helps Close the Gender Pay Gap

Salary transparency can reduce the gender pay gap, but it’s key that the cost of publicly monitoring salaries is reduced, according to new research published in Strategic Management Journal. The researchers…

SMJ: Incoming CEO’s Political Views May Drive Director Departure in a Firm

Voicing one’s political view is no longer a taboo. People’s political ideologies pervade almost every aspect of their lives. For example, researchers have identified that people choose to associate with…

Strategic Entrepreneurship Journal cover

SEJ: Charismatic CEOs Lead to Higher IPO Prices

The perception and negotiation abilities of more charismatic CEOs result in higher IPO prices and smaller offer price ranges for their firms, according to new research published in Strategic Entrepreneurship Journal.…

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