Pub Date : 2023-01-01DOI: 10.1007/978-981-19-9479-1
{"title":"Business Research: An Illustrative Guide to Practical Methodological Applications in Selected Case Studies","authors":"","doi":"10.1007/978-981-19-9479-1","DOIUrl":"https://doi.org/10.1007/978-981-19-9479-1","url":null,"abstract":"","PeriodicalId":46891,"journal":{"name":"Brq-Business Research Quarterly","volume":"21 1","pages":""},"PeriodicalIF":2.9,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80880497","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 : 2022-12-12DOI: 10.1177/23409444221140919
Javier Delgado-Ceballos, Natalia Ortiz‐de‐Mandojana, R. Antolín-López, Ivan Montiel
In this essay, we connect the United Nations’ Sustainable Development Goals (SDGs)—an extensive collection of society-level goals and targets aimed at addressing grand challenges and achieving global sustainability by 2030—to firm-level sustainability and Environmental, Social, and Governance (ESG) factors. In doing so, we highlight the importance of connecting the SDGs with the concept of double materiality—stakeholder materiality and financial materiality. Our assessment helps businesses navigate the intricate sustainability space and understand the ways in which their sustainability interventions can help solve the ESG grand challenges encapsulated in the SDGs. We conclude the article by introducing the five research articles that are part of the special issue “Our house is on fire! The role of business in achieving the Sustainable Development Goals” and suggesting a path for the future that revolves around creating standardized “sustainability balance sheets” in business. JEL CLASSIFICATION: M14, M20, Q50, Q56
{"title":"Connecting the Sustainable Development Goals to firm-level sustainability and ESG factors: The need for double materiality","authors":"Javier Delgado-Ceballos, Natalia Ortiz‐de‐Mandojana, R. Antolín-López, Ivan Montiel","doi":"10.1177/23409444221140919","DOIUrl":"https://doi.org/10.1177/23409444221140919","url":null,"abstract":"In this essay, we connect the United Nations’ Sustainable Development Goals (SDGs)—an extensive collection of society-level goals and targets aimed at addressing grand challenges and achieving global sustainability by 2030—to firm-level sustainability and Environmental, Social, and Governance (ESG) factors. In doing so, we highlight the importance of connecting the SDGs with the concept of double materiality—stakeholder materiality and financial materiality. Our assessment helps businesses navigate the intricate sustainability space and understand the ways in which their sustainability interventions can help solve the ESG grand challenges encapsulated in the SDGs. We conclude the article by introducing the five research articles that are part of the special issue “Our house is on fire! The role of business in achieving the Sustainable Development Goals” and suggesting a path for the future that revolves around creating standardized “sustainability balance sheets” in business. JEL CLASSIFICATION: M14, M20, Q50, Q56","PeriodicalId":46891,"journal":{"name":"Brq-Business Research Quarterly","volume":"26 1","pages":"2 - 10"},"PeriodicalIF":2.9,"publicationDate":"2022-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46317734","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 : 2022-12-12DOI: 10.1177/23409444221140912
Monida Eang, Amelia Clarke, Eduardo Ordonez‐Ponce
Multinational enterprises (MNEs) play a fundamental role in advancing the implementation of the United Nations Sustainable Development Goals (SGDs), as they enable cities and communities to reach large-scale solutions. In this article, we analyze 348 MNEs’ sustainability reports with explicit reference to the SDGs to identify the different roles that MNEs play in advancing the SDGs at the local level. Through qualitative content analysis, the literature on MNEs’ roles was validated, extended, and two new roles were found. The five roles of MNEs in local sustainable development that were validated are financer, community capacity builder, product and service provider, partner, and innovator. The three that were extended are employee developer, supply chains and procurement developer, and program deliver, while the two new additions are consultant and awareness raiser. The results of bivariate analyses show that some MNE roles are correlated to headquarter region and the industry sector. The 10 roles are also relevant for implementing all 17 SDGs and 102 of the 169 SDG targets. JEL CLASSIFICATION: M14
{"title":"The roles of multinational enterprises in implementing the United Nations Sustainable Development Goals at the local level","authors":"Monida Eang, Amelia Clarke, Eduardo Ordonez‐Ponce","doi":"10.1177/23409444221140912","DOIUrl":"https://doi.org/10.1177/23409444221140912","url":null,"abstract":"Multinational enterprises (MNEs) play a fundamental role in advancing the implementation of the United Nations Sustainable Development Goals (SGDs), as they enable cities and communities to reach large-scale solutions. In this article, we analyze 348 MNEs’ sustainability reports with explicit reference to the SDGs to identify the different roles that MNEs play in advancing the SDGs at the local level. Through qualitative content analysis, the literature on MNEs’ roles was validated, extended, and two new roles were found. The five roles of MNEs in local sustainable development that were validated are financer, community capacity builder, product and service provider, partner, and innovator. The three that were extended are employee developer, supply chains and procurement developer, and program deliver, while the two new additions are consultant and awareness raiser. The results of bivariate analyses show that some MNE roles are correlated to headquarter region and the industry sector. The 10 roles are also relevant for implementing all 17 SDGs and 102 of the 169 SDG targets. JEL CLASSIFICATION: M14","PeriodicalId":46891,"journal":{"name":"Brq-Business Research Quarterly","volume":"26 1","pages":"79 - 97"},"PeriodicalIF":2.9,"publicationDate":"2022-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41686520","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 : 2022-11-22DOI: 10.1177/23409444221138582
J. M. Kraak, Yannick Griep, Pierre Barbaroux, C. Lakshman
NATO members have been coping with low motivation and morale. Such environments typically have high turnover intentions and neglect behavior. However, safety behavior is paramount for military organizations and neglect behavior can have serious consequences. Social exchanges are often cited as the main reason for these phenomena. We therefore examine turnover intentions and safety compliance behavior of 1,593 airmen from a European NATO Air Force by focusing on different psychological contract (PC) dimensions. We use polynomial regression and response surface analysis. Results show that higher levels of PC fulfillment are related to lower levels of turnover intentions and higher levels of safety compliance behavior. Furthermore, perceptions of PC overfulfillment are negatively associated with turnover intentions, whereas safety compliance is unaffected by positive (overfulfillment) and negative (underfulfillment) PC discrepancies along all PC dimensions. We discuss implications for the PC literature, make suggestions for future research, and provide practical implications. JEL CLASSIFICATIONS: M0 - general; M1 - business administration; C3 - Multiple or Simultaneous Equation Models; Multiple VariablesKeyword
{"title":"Turnover intentions and safety compliance in the military: A psychological contract perspective","authors":"J. M. Kraak, Yannick Griep, Pierre Barbaroux, C. Lakshman","doi":"10.1177/23409444221138582","DOIUrl":"https://doi.org/10.1177/23409444221138582","url":null,"abstract":"NATO members have been coping with low motivation and morale. Such environments typically have high turnover intentions and neglect behavior. However, safety behavior is paramount for military organizations and neglect behavior can have serious consequences. Social exchanges are often cited as the main reason for these phenomena. We therefore examine turnover intentions and safety compliance behavior of 1,593 airmen from a European NATO Air Force by focusing on different psychological contract (PC) dimensions. We use polynomial regression and response surface analysis. Results show that higher levels of PC fulfillment are related to lower levels of turnover intentions and higher levels of safety compliance behavior. Furthermore, perceptions of PC overfulfillment are negatively associated with turnover intentions, whereas safety compliance is unaffected by positive (overfulfillment) and negative (underfulfillment) PC discrepancies along all PC dimensions. We discuss implications for the PC literature, make suggestions for future research, and provide practical implications. JEL CLASSIFICATIONS: M0 - general; M1 - business administration; C3 - Multiple or Simultaneous Equation Models; Multiple VariablesKeyword","PeriodicalId":46891,"journal":{"name":"Brq-Business Research Quarterly","volume":"7 1","pages":""},"PeriodicalIF":2.9,"publicationDate":"2022-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73250510","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 : 2022-10-12DOI: 10.1177/23409444221129622
Wafa Tariq Waqar, Yan Ma
The social performance (SP) of a firm is associated with many positive organizational outcomes. Nonetheless, little is known about the effect of the SP of a multinational enterprise (MNE) on the likelihood of cross-border acquisition completion (CBAC). Investigating the link between MNEs’ SP and the likelihood of CBAC is important because it will increase our understanding of how stakeholders reward MNEs with better reputations. Drawing on the signaling and reputation for SP literature, we explore how acquisition complexity, reputational risk, and firm visibility influence CBAC. Based on a sample of 578 cross-border deals undertaken by acquirers in the noncyclical consumer industry (NCCI), our results support a positive relationship between MNEs’ SP and the likelihood of CBAC and strengthening moderating effects of acquirer size and public targets. JEL CLASSIFICATIONS: G34, M16
{"title":"Do multinational enterprises with better social performance have a higher likelihood of cross-border acquisition completion? Analyzing the role of reputation for social performance in cross-border acquisitions","authors":"Wafa Tariq Waqar, Yan Ma","doi":"10.1177/23409444221129622","DOIUrl":"https://doi.org/10.1177/23409444221129622","url":null,"abstract":"The social performance (SP) of a firm is associated with many positive organizational outcomes. Nonetheless, little is known about the effect of the SP of a multinational enterprise (MNE) on the likelihood of cross-border acquisition completion (CBAC). Investigating the link between MNEs’ SP and the likelihood of CBAC is important because it will increase our understanding of how stakeholders reward MNEs with better reputations. Drawing on the signaling and reputation for SP literature, we explore how acquisition complexity, reputational risk, and firm visibility influence CBAC. Based on a sample of 578 cross-border deals undertaken by acquirers in the noncyclical consumer industry (NCCI), our results support a positive relationship between MNEs’ SP and the likelihood of CBAC and strengthening moderating effects of acquirer size and public targets. JEL CLASSIFICATIONS: G34, M16","PeriodicalId":46891,"journal":{"name":"Brq-Business Research Quarterly","volume":"28 1","pages":""},"PeriodicalIF":2.9,"publicationDate":"2022-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85837823","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 : 2022-09-23DOI: 10.1177/23409444221125239
Rosa Santero-Sánchez, B. Núñez
Despite the massive incorporation of women into the labor market, equal pay for equal work remains a challenge. This article analyzes the influence of gender diversity in management positions on the gender wage gap (GWG) throughout the entire pay scale in Spain. The results show the existence of a GWG, particularly for wages below the average; though it decreases when female participation in management is higher. This is in line with the reduction of information asymmetry problems considered in statistical discrimination theories, which explain the barriers to promotion associated with dynamics at entry-level and low-qualified positions. JEL CLASSIFICATION: C31, J31, J71, M14
{"title":"Pursuing equal pay for equal work: Gender diversity in management positions and the gender pay gap throughout the wage distribution","authors":"Rosa Santero-Sánchez, B. Núñez","doi":"10.1177/23409444221125239","DOIUrl":"https://doi.org/10.1177/23409444221125239","url":null,"abstract":"Despite the massive incorporation of women into the labor market, equal pay for equal work remains a challenge. This article analyzes the influence of gender diversity in management positions on the gender wage gap (GWG) throughout the entire pay scale in Spain. The results show the existence of a GWG, particularly for wages below the average; though it decreases when female participation in management is higher. This is in line with the reduction of information asymmetry problems considered in statistical discrimination theories, which explain the barriers to promotion associated with dynamics at entry-level and low-qualified positions. JEL CLASSIFICATION: C31, J31, J71, M14","PeriodicalId":46891,"journal":{"name":"Brq-Business Research Quarterly","volume":"80 4‐5","pages":""},"PeriodicalIF":2.9,"publicationDate":"2022-09-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72404182","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 : 2022-08-29DOI: 10.1177/23409444221118097
P. Gallo, Santiago Sosa, Andres Velez-Calle
We examine entrepreneurial ventures in a post-conflict context to identify practices that are helpful for companies operating in conflict zones while contributing to the United Nations’ Sustainable Development Goal 16 (SDG 16)—Peace, Justice, and Strong Institutions. Using emancipatory entrepreneuring as our theoretical lens, we analyze entrepreneurial ventures where ex-combatants seek to create economic opportunities and challenge the status quo of violence, poverty, and inequality in their rural communities. We develop four qualitative case studies of ex-combatant entrepreneurship to identify the activities that enable them to grow their businesses while promoting peace. We identify actor distance and entrepreneurial stage as key dimensions for defining a matrix of relationship arrangements that facilitate venture success and peacebuilding efforts. We conclude with a summary of our contributions and implications for research and practice. JEL Classifications: D63, D74, H56, L14, L26
{"title":"Business for peace: How entrepreneuring contributes to Sustainable Development Goal 16","authors":"P. Gallo, Santiago Sosa, Andres Velez-Calle","doi":"10.1177/23409444221118097","DOIUrl":"https://doi.org/10.1177/23409444221118097","url":null,"abstract":"We examine entrepreneurial ventures in a post-conflict context to identify practices that are helpful for companies operating in conflict zones while contributing to the United Nations’ Sustainable Development Goal 16 (SDG 16)—Peace, Justice, and Strong Institutions. Using emancipatory entrepreneuring as our theoretical lens, we analyze entrepreneurial ventures where ex-combatants seek to create economic opportunities and challenge the status quo of violence, poverty, and inequality in their rural communities. We develop four qualitative case studies of ex-combatant entrepreneurship to identify the activities that enable them to grow their businesses while promoting peace. We identify actor distance and entrepreneurial stage as key dimensions for defining a matrix of relationship arrangements that facilitate venture success and peacebuilding efforts. We conclude with a summary of our contributions and implications for research and practice. JEL Classifications: D63, D74, H56, L14, L26","PeriodicalId":46891,"journal":{"name":"Brq-Business Research Quarterly","volume":"26 1","pages":"62 - 78"},"PeriodicalIF":2.9,"publicationDate":"2022-08-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42532076","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 : 2022-08-27DOI: 10.1177/23409444221120053
Juan Carlos Rivera-Prieto, Mónica Santana, Álvaro López-Cabrales
In the highly complex world of human resource management (HRM), organizations need to maintain both an inward and an outward approach in times of crisis. To adequately manage human resources, it is necessary to consider the environment and the literature on turnaround strategy. This study combines the literature on both turnaround and HRM to focus on problem antecedents/causes and their impact on companies. A case study of an airline was conducted, enriched with a rhetorical signal analysis of managerial communications and stakeholder responses. The objective was to explore the company’s turnaround strategies, human resource strategies, and institutional pressures during the COVID-19 pandemic. It was found that to overcome the crisis, it is necessary to recognize antecedents of decline, turnaround strategies, human resource (HR) strategies and practices, institutional pressures on HRM, the emotional tone and temporal focus of managerial communications as well as stakeholder responses. JEL CLASSIFICATION: M50
{"title":"Turnaround and human resource strategies during the COVID-19 crisis","authors":"Juan Carlos Rivera-Prieto, Mónica Santana, Álvaro López-Cabrales","doi":"10.1177/23409444221120053","DOIUrl":"https://doi.org/10.1177/23409444221120053","url":null,"abstract":"In the highly complex world of human resource management (HRM), organizations need to maintain both an inward and an outward approach in times of crisis. To adequately manage human resources, it is necessary to consider the environment and the literature on turnaround strategy. This study combines the literature on both turnaround and HRM to focus on problem antecedents/causes and their impact on companies. A case study of an airline was conducted, enriched with a rhetorical signal analysis of managerial communications and stakeholder responses. The objective was to explore the company’s turnaround strategies, human resource strategies, and institutional pressures during the COVID-19 pandemic. It was found that to overcome the crisis, it is necessary to recognize antecedents of decline, turnaround strategies, human resource (HR) strategies and practices, institutional pressures on HRM, the emotional tone and temporal focus of managerial communications as well as stakeholder responses. JEL CLASSIFICATION: M50","PeriodicalId":46891,"journal":{"name":"Brq-Business Research Quarterly","volume":"1 1","pages":""},"PeriodicalIF":2.9,"publicationDate":"2022-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44913845","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 : 2022-07-27DOI: 10.1177/23409444221113869
R. Reddy, Sung-Jin Park, Vishal Bindroo
Motivated by the resource-based view (RBV) of the firm, this study explores whether mergers and acquisitions (M&As) can facilitate or impede a firm’s marketing capabilities. Furthermore, this study also examines whether the influence of M&As on a firm’s marketing capabilities is conditional to the type of deals, that is, domestic versus cross-border acquisitions. Using the difference-in-differences research design with a large sample of 15,509 firm-year observations for 898 US public acquirers, this study tests the postacquisition changes in a firm’s marketing capabilities as reflected in the sensitivity of sales revenue to marketing-related expenditure. The results of the empirical tests show a postacquisition increase in sales sensitivity, suggesting that firms can enhance their marketing capabilities through M&As. However, it is also found that the enhancement in marketing capabilities is limited to domestic M&As and disappears for cross-border acquisitions. This result suggests that more salient differences in a firm’s marketing environment attributable to cross-border acquisitions may disrupt a firm’s marketing capabilities and dampen the positive effect of M&As. Fields of Specialization: Strategic management, marketing JEL CLASSIFICATION: G34; L25; M30
{"title":"Do mergers and acquisitions disrupt marketing capabilities?","authors":"R. Reddy, Sung-Jin Park, Vishal Bindroo","doi":"10.1177/23409444221113869","DOIUrl":"https://doi.org/10.1177/23409444221113869","url":null,"abstract":"Motivated by the resource-based view (RBV) of the firm, this study explores whether mergers and acquisitions (M&As) can facilitate or impede a firm’s marketing capabilities. Furthermore, this study also examines whether the influence of M&As on a firm’s marketing capabilities is conditional to the type of deals, that is, domestic versus cross-border acquisitions. Using the difference-in-differences research design with a large sample of 15,509 firm-year observations for 898 US public acquirers, this study tests the postacquisition changes in a firm’s marketing capabilities as reflected in the sensitivity of sales revenue to marketing-related expenditure. The results of the empirical tests show a postacquisition increase in sales sensitivity, suggesting that firms can enhance their marketing capabilities through M&As. However, it is also found that the enhancement in marketing capabilities is limited to domestic M&As and disappears for cross-border acquisitions. This result suggests that more salient differences in a firm’s marketing environment attributable to cross-border acquisitions may disrupt a firm’s marketing capabilities and dampen the positive effect of M&As. Fields of Specialization: Strategic management, marketing JEL CLASSIFICATION: G34; L25; M30","PeriodicalId":46891,"journal":{"name":"Brq-Business Research Quarterly","volume":"116 1","pages":""},"PeriodicalIF":2.9,"publicationDate":"2022-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82415198","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 : 2022-07-16DOI: 10.1177/23409444221110588
Mercedes Alda
Despite the importance of Corporate Social Responsibility (CSR) firm controversies, little is known about their effect on institutional investors. We study the most important institutional investors worldwide: pension funds and mutual funds. The separation between fund management and ownership raises the need to examine how fund managers and fund participants react to investee-firms’ CSR controversies. Considering the conventional/Socially Responsible Investment (SRI-fund nature, we find that investee-firms’ controversies diversely affect fund performance, depending on the controversy type. Furthermore, participants and managers of SRI pension and SRI mutual funds display a passive behavior toward controversies. These attitudes are consistent with enduring behavior and continuity investment policies, such as amending/controlling CSR-firm controversies. In contrast, conventional pension-fund and conventional mutual-fund participants seem guided by traditional investment rules to deal with unsatisfactory situations and respond to controversies after managerial decisions regarding these events with negative reactions. Finally, firms developing CSR-engagement strategies may soften market and managerial reactions toward controversies. Nonetheless, symbolic CSR-engagement practices arouse participants’ responses. JEL CLASSIFICATION: G11, G23, M14
{"title":"The reaction to CSR controversies by institutional investors","authors":"Mercedes Alda","doi":"10.1177/23409444221110588","DOIUrl":"https://doi.org/10.1177/23409444221110588","url":null,"abstract":"Despite the importance of Corporate Social Responsibility (CSR) firm controversies, little is known about their effect on institutional investors. We study the most important institutional investors worldwide: pension funds and mutual funds. The separation between fund management and ownership raises the need to examine how fund managers and fund participants react to investee-firms’ CSR controversies. Considering the conventional/Socially Responsible Investment (SRI-fund nature, we find that investee-firms’ controversies diversely affect fund performance, depending on the controversy type. Furthermore, participants and managers of SRI pension and SRI mutual funds display a passive behavior toward controversies. These attitudes are consistent with enduring behavior and continuity investment policies, such as amending/controlling CSR-firm controversies. In contrast, conventional pension-fund and conventional mutual-fund participants seem guided by traditional investment rules to deal with unsatisfactory situations and respond to controversies after managerial decisions regarding these events with negative reactions. Finally, firms developing CSR-engagement strategies may soften market and managerial reactions toward controversies. Nonetheless, symbolic CSR-engagement practices arouse participants’ responses. JEL CLASSIFICATION: G11, G23, M14","PeriodicalId":46891,"journal":{"name":"Brq-Business Research Quarterly","volume":"52 1","pages":""},"PeriodicalIF":2.9,"publicationDate":"2022-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85181229","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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