Governance & Leadership

Narcissism Harms Inter-Unit Knowledge Transfer

High inter-unit competition worsens the situation as narcissistic executives are concerned with their sense of superiority and uniqueness; however, high environmental complexity or dynamism can combat such negative effects as…

How Should Top Management Teams be Structured?

Read this post and learn: Three reasons for top management team (TMT) structure development: instrumental, institutional, and instructionalist The interplay of formal and informal structures: competing vs. complementary dynamics It…

From proprietary to collective governance

As firms consider transitioning proprietary products to more open platforms to grow market share and relevance, we suggest that managers consider the concerns of external participants when designing a system…

Time and Space in Strategy Discourse: Implications for Intertemporal Choice

Executives often prioritize maximizing immediate returns over investing to build a long‐term competitive advantage. How they think about the future offers one explanation for this short‐termism. This article distinguishes two…

How media coverage of corporate social irresponsibility increases financial risk

This article examines the effect of negative news on financial risk. It shows that negative media articles regarding environmental, social, and governance (ESG ) issues increase a firm’s credit risk.…

The Dark Side of Institutional Intermediaries

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…

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,…

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…

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…

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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