Pub Date : 2023-07-07DOI: 10.1177/23409444231184479
Khanh Hoang, Huy Viet Hoang, Dao Le Trang Anh
This article investigates the relationship between Inter-Korean geopolitical risk (IKGPR) and South Korean firms’ risk-taking in the context of highly political tensions in the Korean peninsula. Using a recently developed news-based index of geopolitical risk, our empirical analysis shows an inverse U-shaped relationship between IKGPR and firm risk-taking in South Korea, implying that South Korean firms’ risk-taking increases with IKGPR when IKGPR is low but becomes prudent when IKGPR is high. Such an effect of IKGPR on firm risk-taking is weaker for firms that survive wartime (1900–1969) and is stronger for firms that were established after the Second Korean War (1966–1969), suggesting the role of corporate resilience to geopolitical risk in motivating differences in corporate behaviors. Further analyses indicate that South Korean firms tend to take less risk when the nuclear risk is higher and when they are more technology-oriented. JEL CLASSIFICATION: G30, P00, O31
{"title":"The watchers on the wall: Inter-Korean geopolitical risk and firm risk-taking","authors":"Khanh Hoang, Huy Viet Hoang, Dao Le Trang Anh","doi":"10.1177/23409444231184479","DOIUrl":"https://doi.org/10.1177/23409444231184479","url":null,"abstract":"This article investigates the relationship between Inter-Korean geopolitical risk (IKGPR) and South Korean firms’ risk-taking in the context of highly political tensions in the Korean peninsula. Using a recently developed news-based index of geopolitical risk, our empirical analysis shows an inverse U-shaped relationship between IKGPR and firm risk-taking in South Korea, implying that South Korean firms’ risk-taking increases with IKGPR when IKGPR is low but becomes prudent when IKGPR is high. Such an effect of IKGPR on firm risk-taking is weaker for firms that survive wartime (1900–1969) and is stronger for firms that were established after the Second Korean War (1966–1969), suggesting the role of corporate resilience to geopolitical risk in motivating differences in corporate behaviors. Further analyses indicate that South Korean firms tend to take less risk when the nuclear risk is higher and when they are more technology-oriented. JEL CLASSIFICATION: G30, P00, O31","PeriodicalId":46891,"journal":{"name":"Brq-Business Research Quarterly","volume":"1 1","pages":""},"PeriodicalIF":2.9,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85758562","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-07DOI: 10.1177/23409444231184481
Ann-Christin Grözinger, Sven Wolff, Philipp Julian Ruf, D. Audretsch, Petra Moog
This study investigates how the Psychological Capital (PsyCap) of small and medium enterprises (SME) leaders has influenced their strategic responses, ultimately impacting the performance of their companies, during the COVID-19 pandemic. Embedded within research on behavioral micro-foundations in strategy, and based on the resource-based theory (RBT) of the individual entrepreneur as well as positive organizational behavior literature, we hypothesize that SME leaders’ psychological resources can act as a strategic advantage during crises by making them adopt cost-cutting and investment measures for their companies performance. By using a sample of 372 SMEs, we find that while leaders mostly use both measures, leaders with a high PsyCap prefer adopting investment measures, which positively influences the performance of their companies during a crisis. However, adopting cost-cutting measures lowers performance. We contribute to the entrepreneurship literature by using PsyCap in the context of the RBT of the individual entrepreneur and shedding light on which measures sustain or increase SMEs’ performance during a crisis. JEL CLASSIFICATION: D91; L25; L26; M10
{"title":"The impact of SME leader’s psychological capital on strategic responses during crisis","authors":"Ann-Christin Grözinger, Sven Wolff, Philipp Julian Ruf, D. Audretsch, Petra Moog","doi":"10.1177/23409444231184481","DOIUrl":"https://doi.org/10.1177/23409444231184481","url":null,"abstract":"This study investigates how the Psychological Capital (PsyCap) of small and medium enterprises (SME) leaders has influenced their strategic responses, ultimately impacting the performance of their companies, during the COVID-19 pandemic. Embedded within research on behavioral micro-foundations in strategy, and based on the resource-based theory (RBT) of the individual entrepreneur as well as positive organizational behavior literature, we hypothesize that SME leaders’ psychological resources can act as a strategic advantage during crises by making them adopt cost-cutting and investment measures for their companies performance. By using a sample of 372 SMEs, we find that while leaders mostly use both measures, leaders with a high PsyCap prefer adopting investment measures, which positively influences the performance of their companies during a crisis. However, adopting cost-cutting measures lowers performance. We contribute to the entrepreneurship literature by using PsyCap in the context of the RBT of the individual entrepreneur and shedding light on which measures sustain or increase SMEs’ performance during a crisis. JEL CLASSIFICATION: D91; L25; L26; M10","PeriodicalId":46891,"journal":{"name":"Brq-Business Research Quarterly","volume":"35 1","pages":""},"PeriodicalIF":2.9,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85208566","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-28DOI: 10.1177/23409444231168421
Siqi Wang, Yasin Rofcanin, M. Las Heras, M. J. Bosch, E. Marescaux
This study explores how (in)congruence of desired and actual behaviors of servant leaders shape the outcomes of followers’ work engagement, well-being, and turnover intentions. We underline the significance of cultural context in influencing follower outcomes and, thus, integrate a gender-cultural perspective to highlight the moderating role of gender inequality on a country level. In so doing, we postulate a strong relationship between the effects of actual/desired behaviors of servant leaders upon follower work outcomes, especially in contexts where gender inequality is high. Our results from documenting the perceptions of full-time employees ( n = 2,960) across 10 countries using polynomial regression analyses show that followers’ turnover intentions are lower and work engagement is higher when there is a congruence between followers’ perception of servant leadership and desired servant leadership. Moreover, we found that followers’ well-being is higher when actual and desired servant leadership is congruent as opposed to incongruent. In addition, the results show that the beneficial impact of congruence (as opposed to incongruence) is stronger in the cultural context where gender inequality is high. We contribute to the literature by showing the important impacts of (in)congruence between desired and actual servant leadership on followers’ outcomes. JEL CLASSIFICATION M12
{"title":"Do you get what you desire? Consequences of (mis) fit of desired versus actual servant leadership, and the role of context across 10 countries","authors":"Siqi Wang, Yasin Rofcanin, M. Las Heras, M. J. Bosch, E. Marescaux","doi":"10.1177/23409444231168421","DOIUrl":"https://doi.org/10.1177/23409444231168421","url":null,"abstract":"This study explores how (in)congruence of desired and actual behaviors of servant leaders shape the outcomes of followers’ work engagement, well-being, and turnover intentions. We underline the significance of cultural context in influencing follower outcomes and, thus, integrate a gender-cultural perspective to highlight the moderating role of gender inequality on a country level. In so doing, we postulate a strong relationship between the effects of actual/desired behaviors of servant leaders upon follower work outcomes, especially in contexts where gender inequality is high. Our results from documenting the perceptions of full-time employees ( n = 2,960) across 10 countries using polynomial regression analyses show that followers’ turnover intentions are lower and work engagement is higher when there is a congruence between followers’ perception of servant leadership and desired servant leadership. Moreover, we found that followers’ well-being is higher when actual and desired servant leadership is congruent as opposed to incongruent. In addition, the results show that the beneficial impact of congruence (as opposed to incongruence) is stronger in the cultural context where gender inequality is high. We contribute to the literature by showing the important impacts of (in)congruence between desired and actual servant leadership on followers’ outcomes. JEL CLASSIFICATION M12","PeriodicalId":46891,"journal":{"name":"Brq-Business Research Quarterly","volume":"28 1","pages":""},"PeriodicalIF":2.9,"publicationDate":"2023-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87777113","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-28DOI: 10.1177/23409444231166717
Pilar Carbonell, A. I. Rodríguez Escudero
Despite the relevance of team boundary spanning in new product development (NPD), there is great deal we still do not know about these activities. For example, little is known about how these activities affect the development of team identification, an important emergent state with critical implications for new product performance. This study extends our understanding of this topic by exploring the relationship between team boundary spanning and team identification. This relationship is examined via the intervening mechanisms of team potency and team boundedness and the moderating effect of intra-team communication. Data from a time-lagged survey study of 140 NPD projects revealed that team potency and team boundedness, respectively, positively and negatively mediate the relationship between team boundary spanning and team identification. Intra-team communication was found to reduce the negative effect of team boundary spanning on team boundedness. JEL CLASSIFICATION 031, 032, 036
{"title":"Understanding the effect of boundary spanning activities on team identification in new product development teams","authors":"Pilar Carbonell, A. I. Rodríguez Escudero","doi":"10.1177/23409444231166717","DOIUrl":"https://doi.org/10.1177/23409444231166717","url":null,"abstract":"Despite the relevance of team boundary spanning in new product development (NPD), there is great deal we still do not know about these activities. For example, little is known about how these activities affect the development of team identification, an important emergent state with critical implications for new product performance. This study extends our understanding of this topic by exploring the relationship between team boundary spanning and team identification. This relationship is examined via the intervening mechanisms of team potency and team boundedness and the moderating effect of intra-team communication. Data from a time-lagged survey study of 140 NPD projects revealed that team potency and team boundedness, respectively, positively and negatively mediate the relationship between team boundary spanning and team identification. Intra-team communication was found to reduce the negative effect of team boundary spanning on team boundedness. JEL CLASSIFICATION 031, 032, 036","PeriodicalId":46891,"journal":{"name":"Brq-Business Research Quarterly","volume":"6 1","pages":""},"PeriodicalIF":2.9,"publicationDate":"2023-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87049899","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-31DOI: 10.1177/23409444231162872
Yann Ferrat, Frédéric Daty, R. Burlacu
Using an extensive sample of environmental, social, and governance (ESG) ratings, we reexamine the corporate social responsibility (CSR) factor premium in the developed equity markets between 2007 and 2019 and show that its extent is contingent upon size effects. Consistent with the novel market equilibrium, we contend that the exponential growth of socially responsible investment (SRI) has rendered the risk-adjusted returns of large CSR-leading firms in line with or even below their lagging counterparts. In line with the neglected effect, greater market segmentation, lower market efficiency, and lower investor awareness of CSR enable us to observe the former market equilibrium in the smaller corporation partition, where CSR-lagging firms exhibit lower returns than leading ones. We thus theorize a two-stage CSP–CFP relationship, where size effects are considered a relevant moderator. This contention is robust to portfolio and panel regression settings. However, our partly contradicting results with the existent literature emphasize the divergence in ESG ratings across rating agencies. JEL Classification M14; G11; G15
{"title":"The role of size effects in moderating the benefits of sustainable investing","authors":"Yann Ferrat, Frédéric Daty, R. Burlacu","doi":"10.1177/23409444231162872","DOIUrl":"https://doi.org/10.1177/23409444231162872","url":null,"abstract":"Using an extensive sample of environmental, social, and governance (ESG) ratings, we reexamine the corporate social responsibility (CSR) factor premium in the developed equity markets between 2007 and 2019 and show that its extent is contingent upon size effects. Consistent with the novel market equilibrium, we contend that the exponential growth of socially responsible investment (SRI) has rendered the risk-adjusted returns of large CSR-leading firms in line with or even below their lagging counterparts. In line with the neglected effect, greater market segmentation, lower market efficiency, and lower investor awareness of CSR enable us to observe the former market equilibrium in the smaller corporation partition, where CSR-lagging firms exhibit lower returns than leading ones. We thus theorize a two-stage CSP–CFP relationship, where size effects are considered a relevant moderator. This contention is robust to portfolio and panel regression settings. However, our partly contradicting results with the existent literature emphasize the divergence in ESG ratings across rating agencies. JEL Classification M14; G11; G15","PeriodicalId":46891,"journal":{"name":"Brq-Business Research Quarterly","volume":"9 1","pages":""},"PeriodicalIF":2.9,"publicationDate":"2023-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88305698","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-30DOI: 10.1177/23409444231164170
J. Maicas
Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission provided the original work is attributed as specified on the SAGE and Open Access page (https://uk.sagepub.com/aboutus/openaccess.htm). Over the past decade, BRQ Business Research Quarterly has undergone a complete transformation from a publication with a predominantly domestic orientation to one with a clear international vocation. One manifestation of this evolution has been an impressive and unexpected increase in the number of original submissions received, from 183 in 2014 to 510 in 2022. As a result of this evolution, the structure of the journal has also been modified accordingly. Following my appointment as editor-inchief, and at the suggestion of the previous editor, an intermediate link between the editor-in-chief and the associate editors was established, in the form of senior editors. These senior editors have made an extraordinary contribution by conducting a preliminary evaluation of submissions that merit further consideration. BRQ has now expanded its editorial organizational structure to include 4 senior editors and 26 associate editors. Moreover, a new advisory board has been established, comprising of the three former editors of the journal. This initiative has been implemented to strengthen the long-term strategy of the aforementioned journal. Given the previously discussed context and almost a decade since the former Cuadernos de Economía y Dirección de la Empresa (CEDE) became BRQ Business Research Quarterly, it appears to be an appropriate moment to assess the evolution, achievements, and future challenges of BRQ. In this editorial, Alejandro Escribá and Yama Temouri, both former associate editors of the journal, and colleagues provide an analysis of how BRQ has developed since 2014, when it adopted a new strategy to enhance its international reputation as a top-tier management journal. By actively engaging with and encouraging contributions from authors, reviewers, and editorial board members, BRQ is working toward building a sustainable network of stakeholders who are committed to the journal’s mission and values. The continued support and participation of former associate editors, such as Alejandro and Yama, demonstrate the journal’s ability to foster longterm partnerships with its community. I would like to express my sincere gratitude to Alejandro’s and Yama’s teams for their selfless dedication to this analysis. Their continued involvement with BRQ after the completion of their editorial duties is a testament to the journal’s ongoing efforts to foster a strong and committed community. As BRQ continues to evolve and grow, it is vital to maintain the trust and confidence of its stakeholders. By fostering a sense of community
知识共享非商业性CC BY-NC:本文在知识共享署名-非商业4.0许可(https://creativecommons.org/licenses/by-nc/4.0/)的条款下发布，该许可允许非商业用途，复制和分发作品，无需进一步许可，前提是原始作品的署名与SAGE和开放获取页面(https://uk.sagepub.com/aboutus/openaccess.htm)上指定的一致。在过去的十年中，《BRQ商业研究季刊》经历了一个彻底的转变，从一个主要面向国内的出版物转变为一个具有明确国际使命的出版物。这一演变的一个表现是收到的原创作品数量出现了令人印象深刻的意外增长，从2014年的183件增加到2022年的510件。由于这种演变，期刊的结构也相应进行了修改。在我被任命为主编之后，根据前任主编的建议，在主编和副主编之间建立了一个中间联系，即高级编辑。这些资深编辑通过对值得进一步考虑的提交进行初步评估作出了非凡的贡献。目前，BRQ的编辑组织结构已扩大到包括4名高级编辑和26名副编辑。此外，还成立了一个新的咨询委员会，由该杂志的三位前编辑组成。这一举措的实施是为了加强上述期刊的长期战略。考虑到之前讨论的背景，以及从以前的《Economía y Dirección de la Empresa》(CEDE)变成《BRQ商业研究季刊》已有近十年的时间，现在似乎是评估BRQ的演变、成就和未来挑战的合适时机。在这篇社论中，该杂志的前副编辑Alejandro escrib和Yama Temouri及其同事分析了BRQ自2014年以来的发展情况，当时它采取了新的战略来提高其作为顶级管理期刊的国际声誉。通过积极参与并鼓励作者、审稿人和编辑委员会成员的贡献，BRQ正在努力建立一个可持续的利益相关者网络，这些利益相关者致力于期刊的使命和价值观。Alejandro和Yama等前副编辑的持续支持和参与，证明了该期刊与社区建立长期合作关系的能力。我想对亚历杭德罗和Yama的团队表达我诚挚的感谢，感谢他们无私的奉献。他们在完成编辑职责后继续参与BRQ，这证明了该杂志正在努力培养一个强大而忠诚的社区。随着BRQ的不断发展壮大，维护利益相关者的信任和信心至关重要。通过培养社区意识，该杂志可以确保它仍然是传播高质量管理研究的有信誉和影响力的平台。这篇社论提供的诊断是朝着解决未来令人兴奋的挑战迈出的关键一步。展望未来，BRQ面临着几个挑战。该杂志必须继续保持其发表高质量研究和吸引顶级学者的声誉。此外，BRQ需要加强在国际学术界的影响力，与领先的研究机构建立合作伙伴关系，并积极向全球学者推广其文章。最近ACEDE与管理学院和欧洲管理学院之间的协议表明了该期刊的积极方向，希望它们将有助于提高BRQ出版的手稿的质量。总体而言，BRQ在成为国际领先的管理期刊方面取得了重大进展。编辑团队、审稿人和作者的努力使期刊获得了成功，并得到了学术界的认可。尽管面临挑战，BRQ仍有能力继续其在研究和学术方面的卓越发展。
{"title":"Evolution and achievements of BRQ Business Research Quarterly (2014–2022)","authors":"J. Maicas","doi":"10.1177/23409444231164170","DOIUrl":"https://doi.org/10.1177/23409444231164170","url":null,"abstract":"Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission provided the original work is attributed as specified on the SAGE and Open Access page (https://uk.sagepub.com/aboutus/openaccess.htm). Over the past decade, BRQ Business Research Quarterly has undergone a complete transformation from a publication with a predominantly domestic orientation to one with a clear international vocation. One manifestation of this evolution has been an impressive and unexpected increase in the number of original submissions received, from 183 in 2014 to 510 in 2022. As a result of this evolution, the structure of the journal has also been modified accordingly. Following my appointment as editor-inchief, and at the suggestion of the previous editor, an intermediate link between the editor-in-chief and the associate editors was established, in the form of senior editors. These senior editors have made an extraordinary contribution by conducting a preliminary evaluation of submissions that merit further consideration. BRQ has now expanded its editorial organizational structure to include 4 senior editors and 26 associate editors. Moreover, a new advisory board has been established, comprising of the three former editors of the journal. This initiative has been implemented to strengthen the long-term strategy of the aforementioned journal. Given the previously discussed context and almost a decade since the former Cuadernos de Economía y Dirección de la Empresa (CEDE) became BRQ Business Research Quarterly, it appears to be an appropriate moment to assess the evolution, achievements, and future challenges of BRQ. In this editorial, Alejandro Escribá and Yama Temouri, both former associate editors of the journal, and colleagues provide an analysis of how BRQ has developed since 2014, when it adopted a new strategy to enhance its international reputation as a top-tier management journal. By actively engaging with and encouraging contributions from authors, reviewers, and editorial board members, BRQ is working toward building a sustainable network of stakeholders who are committed to the journal’s mission and values. The continued support and participation of former associate editors, such as Alejandro and Yama, demonstrate the journal’s ability to foster longterm partnerships with its community. I would like to express my sincere gratitude to Alejandro’s and Yama’s teams for their selfless dedication to this analysis. Their continued involvement with BRQ after the completion of their editorial duties is a testament to the journal’s ongoing efforts to foster a strong and committed community. As BRQ continues to evolve and grow, it is vital to maintain the trust and confidence of its stakeholders. By fostering a sense of community","PeriodicalId":46891,"journal":{"name":"Brq-Business Research Quarterly","volume":"41 1","pages":"100 - 106"},"PeriodicalIF":2.9,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74057390","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-30DOI: 10.1177/23409444231164427
R. DasGupta, Sibanjan Mishra
Research on firm’s motivation to undertake search behaviors in situations of positive and negative performance feedback is limited in empirical literature. In addition, the role of institutionalized corporate governance mechanisms in mediating firm’s aspiration-driven search behaviors is yet to be explored. Therefore, this study aims at examining whether firms around the world facing positive and negative performance feedback undertake different search behaviors. Furthermore, we test whether firm’s corporate governance mechanisms strengthen such search behaviors. This study reports that negative performance feedback positively influences firm problem-driven search behaviors, whereas positive performance feedback positively impacts its innovative search behaviors. Furthermore, we find a significant negative moderating influence of board strength, while a mixed positive influence of board effectiveness on firm performance feedback to carry out distinctive search behaviors. Therefore, we think that these findings would help the regulators and policy makers to strengthen their existing corporate governance mechanisms and regulations. JEL CLASSIFICATION: G30, G32, G34
{"title":"Performance feedback and firms search behaviors: Role of corporate governance in companies around the world","authors":"R. DasGupta, Sibanjan Mishra","doi":"10.1177/23409444231164427","DOIUrl":"https://doi.org/10.1177/23409444231164427","url":null,"abstract":"Research on firm’s motivation to undertake search behaviors in situations of positive and negative performance feedback is limited in empirical literature. In addition, the role of institutionalized corporate governance mechanisms in mediating firm’s aspiration-driven search behaviors is yet to be explored. Therefore, this study aims at examining whether firms around the world facing positive and negative performance feedback undertake different search behaviors. Furthermore, we test whether firm’s corporate governance mechanisms strengthen such search behaviors. This study reports that negative performance feedback positively influences firm problem-driven search behaviors, whereas positive performance feedback positively impacts its innovative search behaviors. Furthermore, we find a significant negative moderating influence of board strength, while a mixed positive influence of board effectiveness on firm performance feedback to carry out distinctive search behaviors. Therefore, we think that these findings would help the regulators and policy makers to strengthen their existing corporate governance mechanisms and regulations. JEL CLASSIFICATION: G30, G32, G34","PeriodicalId":46891,"journal":{"name":"Brq-Business Research Quarterly","volume":"10 1","pages":""},"PeriodicalIF":2.9,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79190128","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-23DOI: 10.1177/23409444231156192
Marlon Fernandes Rodrigues Alves, L. Pacheco, S. Galina
Exploration and exploitation have opposite natures; therefore, balancing the two presents a key challenge for firms. Recent studies have argued that firms can combine exploration (exploitation) capabilities with exploitation (exploration) partnerships to surmount this obstacle. However, little is known about how accumulated capabilities for exploring and exploiting activities shape the ways in which firms select partnerships. We examine this question by leveraging a unique data set on new product development in the Brazilian manufacturing sector that has 19,081 observations over a 14-year span. Contrary to the expectation of complementarity, in which the greater capability of one type (e.g., exploitation) is associated with selecting a partnership of another type (e.g., exploration), our findings suggest that increases in capabilities of any type are associated with exploration partnerships. We provide alternative explanations for our findings, highlight implications for theory and practice, and discuss potential avenues for future research. JEL CLASSIFICATION: O31, M13, L14
{"title":"Balancing exploration and exploitation across boundaries: Evidence from new product development","authors":"Marlon Fernandes Rodrigues Alves, L. Pacheco, S. Galina","doi":"10.1177/23409444231156192","DOIUrl":"https://doi.org/10.1177/23409444231156192","url":null,"abstract":"Exploration and exploitation have opposite natures; therefore, balancing the two presents a key challenge for firms. Recent studies have argued that firms can combine exploration (exploitation) capabilities with exploitation (exploration) partnerships to surmount this obstacle. However, little is known about how accumulated capabilities for exploring and exploiting activities shape the ways in which firms select partnerships. We examine this question by leveraging a unique data set on new product development in the Brazilian manufacturing sector that has 19,081 observations over a 14-year span. Contrary to the expectation of complementarity, in which the greater capability of one type (e.g., exploitation) is associated with selecting a partnership of another type (e.g., exploration), our findings suggest that increases in capabilities of any type are associated with exploration partnerships. We provide alternative explanations for our findings, highlight implications for theory and practice, and discuss potential avenues for future research. JEL CLASSIFICATION: O31, M13, L14","PeriodicalId":46891,"journal":{"name":"Brq-Business Research Quarterly","volume":"80 1","pages":""},"PeriodicalIF":2.9,"publicationDate":"2023-02-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81462960","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-17DOI: 10.1177/23409444231152962
F. J. Sánchez-Vidal, José Horacio García Marí, Antonia Madrid‐Guijarro
The aim of this work is to analyze the factors that help companies avoid liquidation following the spirit of the Spanish insolvency law. This work focuses on the phase starting when companies file for bankruptcy and ending with the completion of the common phase. We apply the agency theory to explain how insolvency administrators and court characteristics influence the outcome of the bankruptcy process (liquidation or reorganization). We analyze unique accounting data from 2,627 companies that filed for bankruptcy during the period 2008–2014. The findings reveal the significant roles played by the liquidation trustee, Big 4 administrators, and higher remunerations, along with the type of court in charge. Processes are more likely to result in reorganization if they are handled by specialized courts, managed by the Big 4, and if the insolvency administrator has longer experience in bankruptcy filing and receives a higher remuneration. These findings have important implications for all the agents involved. It is necessary to rationalize the filing process, foment better training for insolvency administrators, provide courts with more funds, and create more specialized courts. The principal contribution of this article is to examine the role played by insolvency administrators and the courts, and their influence on the outcome of the insolvency process. JEL CLASSIFICATION C35; D21; D22; G33; G38
{"title":"SMEs filing for bankruptcy in Spain: The best of luck!","authors":"F. J. Sánchez-Vidal, José Horacio García Marí, Antonia Madrid‐Guijarro","doi":"10.1177/23409444231152962","DOIUrl":"https://doi.org/10.1177/23409444231152962","url":null,"abstract":"The aim of this work is to analyze the factors that help companies avoid liquidation following the spirit of the Spanish insolvency law. This work focuses on the phase starting when companies file for bankruptcy and ending with the completion of the common phase. We apply the agency theory to explain how insolvency administrators and court characteristics influence the outcome of the bankruptcy process (liquidation or reorganization). We analyze unique accounting data from 2,627 companies that filed for bankruptcy during the period 2008–2014. The findings reveal the significant roles played by the liquidation trustee, Big 4 administrators, and higher remunerations, along with the type of court in charge. Processes are more likely to result in reorganization if they are handled by specialized courts, managed by the Big 4, and if the insolvency administrator has longer experience in bankruptcy filing and receives a higher remuneration. These findings have important implications for all the agents involved. It is necessary to rationalize the filing process, foment better training for insolvency administrators, provide courts with more funds, and create more specialized courts. The principal contribution of this article is to examine the role played by insolvency administrators and the courts, and their influence on the outcome of the insolvency process. JEL CLASSIFICATION C35; D21; D22; G33; G38","PeriodicalId":46891,"journal":{"name":"Brq-Business Research Quarterly","volume":"28 1","pages":""},"PeriodicalIF":2.9,"publicationDate":"2023-02-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79326724","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-11DOI: 10.1177/23409444221144462
Joan-Lluís Capelleras, Victor Martin-Sanchez, Chao Zhang
Based on an institutional perspective, this study examines the influence of the social desirability of entrepreneurship on early-stage entrepreneurs’ internationalization and the moderating role of home country economic freedom. Using data from 45,454 early-stage entrepreneurs in 48 countries for the period 2005–2016, we find that the social desirability of entrepreneurship negatively affects early-stage entrepreneurs’ internationalization, and that economic freedom positively moderates this relationship. The study contributes to the literature by showing how the home country institutional context affects the level of early-stage entrepreneurs’ internationalization across countries. JEL CLASSIFICATION: F23; L26; O17
{"title":"Does social desirability of entrepreneurship matter for early-stage entrepreneurs’ internationalization? The moderating role of economic freedom","authors":"Joan-Lluís Capelleras, Victor Martin-Sanchez, Chao Zhang","doi":"10.1177/23409444221144462","DOIUrl":"https://doi.org/10.1177/23409444221144462","url":null,"abstract":"Based on an institutional perspective, this study examines the influence of the social desirability of entrepreneurship on early-stage entrepreneurs’ internationalization and the moderating role of home country economic freedom. Using data from 45,454 early-stage entrepreneurs in 48 countries for the period 2005–2016, we find that the social desirability of entrepreneurship negatively affects early-stage entrepreneurs’ internationalization, and that economic freedom positively moderates this relationship. The study contributes to the literature by showing how the home country institutional context affects the level of early-stage entrepreneurs’ internationalization across countries. JEL CLASSIFICATION: F23; L26; O17","PeriodicalId":46891,"journal":{"name":"Brq-Business Research Quarterly","volume":"1 1","pages":""},"PeriodicalIF":2.9,"publicationDate":"2023-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88632842","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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