Governance & Leadership

TMT Faultlines and Strategic Change: What Role Does Environmental Dynamism Play?

Top 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,…

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Flammer & Bansal, Does a Long-Term Orientation Create Value?

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…

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Political ideology of board and CEO dismissal following financial misconduct

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…

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Hill, Recendes, Anridge

We 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…

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Right on the Money?

We 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…

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Connelly, Ketchen, Gangloff, & Shook on investor reactions to firing CEOs

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…

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Government’s Green Grip: State Influence on Corporate Environmental Actions in China

As 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…

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Weiting Zheng on Buffering and Enabling: Political Ties in China

Several 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.…

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Stefano Elia with Federico Caniato, Davide Luzzine, & Lucia Piscitello

This article deals with the performance implications of the governance mode (captive offshoring versus outsourcing) selected when companies offshore service activities, which is still quite controversial in the literature. After…

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Saxton, Wesley, & Saxton on “Venture Advocates”

Founders of new ventures need to understand the factors that encourage others to give them the help they need for their new firms to survive and grow—what we call venture…

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