Pub Date : 2024-04-20DOI: 10.1177/03128962241246696
Atul Prashar, Anupama Prashar
This study aims to understand consumer behavior in fashion shopping on the Metaverse platforms. It proposes a behavioral model grounded on a stimulus-organism-response (S-O-R) framework, where the platform attributes namely interactivity, personalization, and sociability act as stimuli to activate the experiential (utilitarian and hedonic value) and immersive responses, which in turn drive the purchase intention of digital fashion shoppers. The moderating role of shoppers’ personal characteristics is also tested. Survey data of 327 users of Metaverse platforms are used to test the proposed model. DRESSX, a multibrand fashion retailer offering branded nonfungible tokens (BNFTs) in the form of digital clothing and accessories, is used to simulate the Metaverse. The results show that personalization is the strongest platform attribute offering experiential value, and sociability features of the platform play the key role in driving immersiveness. Furthermore, both experiential value and immersiveness drive the shoppers’ purchase intention.JEL Code: M30 Marketing and Advertising: General
{"title":"Digital fashion and metaverse platforms: Do platform attributes drive shopper’s purchase intention?","authors":"Atul Prashar, Anupama Prashar","doi":"10.1177/03128962241246696","DOIUrl":"https://doi.org/10.1177/03128962241246696","url":null,"abstract":"This study aims to understand consumer behavior in fashion shopping on the Metaverse platforms. It proposes a behavioral model grounded on a stimulus-organism-response (S-O-R) framework, where the platform attributes namely interactivity, personalization, and sociability act as stimuli to activate the experiential (utilitarian and hedonic value) and immersive responses, which in turn drive the purchase intention of digital fashion shoppers. The moderating role of shoppers’ personal characteristics is also tested. Survey data of 327 users of Metaverse platforms are used to test the proposed model. DRESSX, a multibrand fashion retailer offering branded nonfungible tokens (BNFTs) in the form of digital clothing and accessories, is used to simulate the Metaverse. The results show that personalization is the strongest platform attribute offering experiential value, and sociability features of the platform play the key role in driving immersiveness. Furthermore, both experiential value and immersiveness drive the shoppers’ purchase intention.JEL Code: M30 Marketing and Advertising: General","PeriodicalId":47209,"journal":{"name":"Australian Journal of Management","volume":"25 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-04-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140631097","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 : 2024-02-26DOI: 10.1177/03128962241230665
Megan Gu, Henry Cutler, Mona Aghdaee, Yuanyuan Gu, Anam Bilgrami
Residential aged care providers rely on refundable accommodation deposits (RADs) to finance capital expenditure, but changing consumer accommodation payment preferences may reduce their access. Our study evaluated the potential impact of a significant reduction in provider RAD balances. We surveyed 300 providers across Australia in 2020 and conducted focus groups and interviews with stakeholder executives, to develop key themes using an inductive constant comparative method couched within grounded theory. We found preferences for RADs vary across providers, with those seeking to undertake capital expenditure mostly preferring RADs. Stakeholder views suggested RADs facilitate low cost capital investment for some providers and allow banks to offer more debt to more providers. However, stakeholders suggested RADs may also create a more volatile financial structure and impose barriers to entry for equity. Stakeholders suggested a significant and sustained reduction in RADs would negatively impact capital expenditure and increase provider financial risk. Our study proposes that government intervention to stop a significant reduction in provider RAD balances should only occur if access to care is threatened. Intervention options could include enforcing liquidity and capital adequacy requirements, increasing investor returns to attract more equity and facilitate more commercial debt and establishing a government backed accommodation capital facility.JEL Classification: D14, G41, G51, G53, I18
养老院服务提供商依靠可退还住宿押金（RAD）来为资本支出提供资金，但消费者住宿付款偏好的变化可能会减少他们获得住宿押金的机会。我们的研究评估了大幅减少养老机构 RAD 余额的潜在影响。我们在 2020 年对澳大利亚各地的 300 家提供商进行了调查，并与利益相关方的高管进行了焦点小组讨论和访谈，在基础理论的基础上采用归纳式恒定比较法来开发关键主题。我们发现，各医疗机构对 RAD 的偏好各不相同，寻求资本支出的医疗机构大多偏好 RAD。利益相关者的观点表明，风险抵押贷款有利于一些医疗机构进行低成本资本投资，并使银行能够向更多医疗机构提供更多债务。然而，利益相关者认为，风险评估也可能会导致财务结构更加不稳定，并对股本的进入设置障碍。利益相关者认为，如果大幅并持续减少 RAD，将会对资本支出产生负面影响，并增加医疗服务提供者的财务风险。我们的研究建议，只有在医疗服务的可及性受到威胁时，政府才应进行干预，阻止医疗服务提供者的 RAD 余额大幅减少。干预方案可包括强制执行流动性和资本充足率要求、增加投资者回报以吸引更多股本和促进更多商业债务，以及建立政府支持的融通资本机制：D14、G41、G51、G53、I18
{"title":"The role of refundable accommodation deposits in financing aged care capital expenditure: Views from the sector","authors":"Megan Gu, Henry Cutler, Mona Aghdaee, Yuanyuan Gu, Anam Bilgrami","doi":"10.1177/03128962241230665","DOIUrl":"https://doi.org/10.1177/03128962241230665","url":null,"abstract":"Residential aged care providers rely on refundable accommodation deposits (RADs) to finance capital expenditure, but changing consumer accommodation payment preferences may reduce their access. Our study evaluated the potential impact of a significant reduction in provider RAD balances. We surveyed 300 providers across Australia in 2020 and conducted focus groups and interviews with stakeholder executives, to develop key themes using an inductive constant comparative method couched within grounded theory. We found preferences for RADs vary across providers, with those seeking to undertake capital expenditure mostly preferring RADs. Stakeholder views suggested RADs facilitate low cost capital investment for some providers and allow banks to offer more debt to more providers. However, stakeholders suggested RADs may also create a more volatile financial structure and impose barriers to entry for equity. Stakeholders suggested a significant and sustained reduction in RADs would negatively impact capital expenditure and increase provider financial risk. Our study proposes that government intervention to stop a significant reduction in provider RAD balances should only occur if access to care is threatened. Intervention options could include enforcing liquidity and capital adequacy requirements, increasing investor returns to attract more equity and facilitate more commercial debt and establishing a government backed accommodation capital facility.JEL Classification: D14, G41, G51, G53, I18","PeriodicalId":47209,"journal":{"name":"Australian Journal of Management","volume":"52 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-02-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139980355","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 : 2024-01-31DOI: 10.1177/03128962231222824
Duy Thanh Nguyen, David Michayluk, Gerhard Van de Venter, Scott Walker
One approach to improve a firm’s Environmental, Social, and Governance (ESG) rating is to acquire a target with a higher relative ESG rating. We explore changes in an acquirer’s ESG rating around merger and acquisition (M&A) announcements and provide empirical evidence of a positive relationship between the change in an acquirer’s ESG rating and the target’s relative ESG rating. Of the three components of an ESG rating, an acquirer’s environmental rating displays the largest increase, with social and governance ratings exhibiting a smaller but still significant post-merger increase. This relationship is weaker for cross-border deals or cross-industry deals. However, deals that are both cross-border and same-industry are associated with a larger increase in an acquirer’s ESG rating. In addition to improved ESG ratings, the acquisition of a firm with a superior ESG rating is also associated with higher bid premiums and improved post-merger financial performance which suggests that acquirers act in shareholders’ best interests.JEL Classification: G14, G34
{"title":"Improvement in sustainability: Evidence from the mergers and acquisitions market","authors":"Duy Thanh Nguyen, David Michayluk, Gerhard Van de Venter, Scott Walker","doi":"10.1177/03128962231222824","DOIUrl":"https://doi.org/10.1177/03128962231222824","url":null,"abstract":"One approach to improve a firm’s Environmental, Social, and Governance (ESG) rating is to acquire a target with a higher relative ESG rating. We explore changes in an acquirer’s ESG rating around merger and acquisition (M&A) announcements and provide empirical evidence of a positive relationship between the change in an acquirer’s ESG rating and the target’s relative ESG rating. Of the three components of an ESG rating, an acquirer’s environmental rating displays the largest increase, with social and governance ratings exhibiting a smaller but still significant post-merger increase. This relationship is weaker for cross-border deals or cross-industry deals. However, deals that are both cross-border and same-industry are associated with a larger increase in an acquirer’s ESG rating. In addition to improved ESG ratings, the acquisition of a firm with a superior ESG rating is also associated with higher bid premiums and improved post-merger financial performance which suggests that acquirers act in shareholders’ best interests.JEL Classification: G14, G34","PeriodicalId":47209,"journal":{"name":"Australian Journal of Management","volume":"7 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139946917","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 : 2024-01-29DOI: 10.1177/03128962231222802
Lu Jiao, Graeme Harrison, Jinhua Chen
Using survey and archival data, we investigate the relations between organizational culture and revenue-raising strategies of diversification and concentration in not-for-profit organizations (NFPs). We find that both a respect for people culture and a stability culture positively influence diversification, while an outcome orientation culture positively influences concentration. An innovation culture is not associated with either strategy. We confirm prior findings that governance factors of board size and gender diversity influence NFPs’ revenue strategies, and extend this research by incorporating board expertise, finding business expertise is positively associated with revenue concentration, whereas legal expertise is positively associated with diversification.JEL Classification: L31 Nonprofit Institutions
{"title":"Organizational culture and revenue-raising strategies in social service not-for-profits","authors":"Lu Jiao, Graeme Harrison, Jinhua Chen","doi":"10.1177/03128962231222802","DOIUrl":"https://doi.org/10.1177/03128962231222802","url":null,"abstract":"Using survey and archival data, we investigate the relations between organizational culture and revenue-raising strategies of diversification and concentration in not-for-profit organizations (NFPs). We find that both a respect for people culture and a stability culture positively influence diversification, while an outcome orientation culture positively influences concentration. An innovation culture is not associated with either strategy. We confirm prior findings that governance factors of board size and gender diversity influence NFPs’ revenue strategies, and extend this research by incorporating board expertise, finding business expertise is positively associated with revenue concentration, whereas legal expertise is positively associated with diversification.JEL Classification: L31 Nonprofit Institutions","PeriodicalId":47209,"journal":{"name":"Australian Journal of Management","volume":"33 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-01-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139956807","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 : 2024-01-10DOI: 10.1177/03128962231222842
M. Evans, Helena Liu, Victor Sojo, Mariano Heyden
{"title":"Anti-racism as an organising principle: Racial inequality in and around organisations","authors":"M. Evans, Helena Liu, Victor Sojo, Mariano Heyden","doi":"10.1177/03128962231222842","DOIUrl":"https://doi.org/10.1177/03128962231222842","url":null,"abstract":"","PeriodicalId":47209,"journal":{"name":"Australian Journal of Management","volume":"5 7","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139439219","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 : 2023-12-18DOI: 10.1177/03128962231214798
Chang He, Junzhi Zhang, Liukai Wang, Weiqing Wang, Fei Li
As an emerging way for firms to fulfil social responsibility in China, targeted poverty alleviation (TPA) helps the Chinese government to achieve its sustainable development goals. Although the effect of TPA on poor areas has been deeply explored, the influence of firms’ participation in TPA on themselves and its mechanism is unclear. We analyse the performance of listed firms which engaged in TPA from 2016 to 2021 by adopting a causal steps approach model, which indicate that firm engagement in TPA has a significant positive effect on corporate finance performance (CFP), and the mediating effect of financing constraints and media attention is verified. Our findings contribute to corporate social responsibility (CSR) practices from the new strategy perspective of TPA. JEL Classification: G18, M14, M41
{"title":"Targeted poverty alleviation and corporate financial performance: The CSR strategy perspective","authors":"Chang He, Junzhi Zhang, Liukai Wang, Weiqing Wang, Fei Li","doi":"10.1177/03128962231214798","DOIUrl":"https://doi.org/10.1177/03128962231214798","url":null,"abstract":"As an emerging way for firms to fulfil social responsibility in China, targeted poverty alleviation (TPA) helps the Chinese government to achieve its sustainable development goals. Although the effect of TPA on poor areas has been deeply explored, the influence of firms’ participation in TPA on themselves and its mechanism is unclear. We analyse the performance of listed firms which engaged in TPA from 2016 to 2021 by adopting a causal steps approach model, which indicate that firm engagement in TPA has a significant positive effect on corporate finance performance (CFP), and the mediating effect of financing constraints and media attention is verified. Our findings contribute to corporate social responsibility (CSR) practices from the new strategy perspective of TPA. JEL Classification: G18, M14, M41","PeriodicalId":47209,"journal":{"name":"Australian Journal of Management","volume":"8 4","pages":""},"PeriodicalIF":4.8,"publicationDate":"2023-12-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139173546","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 : 2023-11-28DOI: 10.1177/03128962231211173
Hannah Kunst, Helena Nguyen, Anya Johnson, Shenjiang Mo, Carolyn MacCann
In Australia and worldwide, healthcare is experiencing a workforce crisis, making the maintenance or improvement of job satisfaction a critical focus for healthcare leaders. This study examines how healthcare leaders influence followers’ affective experience by regulating their followers’ emotions. Building on Affective Events Theory and Conservation of Resources Theory, we investigate the influence of leaders’ use of cognitive reappraisal and expressive suppression strategies on follower affect and job satisfaction. Data were collected from 337 healthcare workers and 54 leaders over two timepoints. Leaders’ reappraisal increased followers’ job satisfaction whereas suppression decreased job satisfaction (controlling for followers’ own emotion regulation strategies). These effects were mediated by followers’ affect and moderated by followers’ capacity to cope with change. Our results provide new theoretical and practical insights into how healthcare leaders regulate followers’ emotions. JEL Classification: D23, J24, M50
{"title":"Who cares for those who care? The role of healthcare leaders’ regulation of followers’ emotions on follower job satisfaction","authors":"Hannah Kunst, Helena Nguyen, Anya Johnson, Shenjiang Mo, Carolyn MacCann","doi":"10.1177/03128962231211173","DOIUrl":"https://doi.org/10.1177/03128962231211173","url":null,"abstract":"In Australia and worldwide, healthcare is experiencing a workforce crisis, making the maintenance or improvement of job satisfaction a critical focus for healthcare leaders. This study examines how healthcare leaders influence followers’ affective experience by regulating their followers’ emotions. Building on Affective Events Theory and Conservation of Resources Theory, we investigate the influence of leaders’ use of cognitive reappraisal and expressive suppression strategies on follower affect and job satisfaction. Data were collected from 337 healthcare workers and 54 leaders over two timepoints. Leaders’ reappraisal increased followers’ job satisfaction whereas suppression decreased job satisfaction (controlling for followers’ own emotion regulation strategies). These effects were mediated by followers’ affect and moderated by followers’ capacity to cope with change. Our results provide new theoretical and practical insights into how healthcare leaders regulate followers’ emotions. JEL Classification: D23, J24, M50","PeriodicalId":47209,"journal":{"name":"Australian Journal of Management","volume":"22 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2023-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139217720","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 : 2023-11-21DOI: 10.1177/03128962231211174
Min-Kyu Joo, Jia Yu, Leanne Atwater
When an abusive supervisor exhibits goal-focused leadership, does goal-focused leadership buffer or deteriorate the impact of abusive supervision on subordinates? Although leaders normally exhibit different leadership styles at the same time, little effort has been made to examine how different leadership styles affect subordinates. We also investigate the three-way interaction among abusive supervision, goal-focused leadership, and conscientiousness on counterproductive work behavior (CWB). With two multinational samples, our findings consistently indicate that subordinates exposed to more goal-focused leadership along with abusive supervision are significantly more likely to engage in CWB. In addition, we find a three-way interaction such that the relationship between abusive supervision and subordinates’ CWB is the strongest among subordinates who have low conscientiousness when leaders exhibit a high level of goal-focused leadership. JEL Classification: D23
{"title":"Goal-focused abusive leaders: The mitigating role of conscientiousness in subordinates’ counterproductive work behavior","authors":"Min-Kyu Joo, Jia Yu, Leanne Atwater","doi":"10.1177/03128962231211174","DOIUrl":"https://doi.org/10.1177/03128962231211174","url":null,"abstract":"When an abusive supervisor exhibits goal-focused leadership, does goal-focused leadership buffer or deteriorate the impact of abusive supervision on subordinates? Although leaders normally exhibit different leadership styles at the same time, little effort has been made to examine how different leadership styles affect subordinates. We also investigate the three-way interaction among abusive supervision, goal-focused leadership, and conscientiousness on counterproductive work behavior (CWB). With two multinational samples, our findings consistently indicate that subordinates exposed to more goal-focused leadership along with abusive supervision are significantly more likely to engage in CWB. In addition, we find a three-way interaction such that the relationship between abusive supervision and subordinates’ CWB is the strongest among subordinates who have low conscientiousness when leaders exhibit a high level of goal-focused leadership. JEL Classification: D23","PeriodicalId":47209,"journal":{"name":"Australian Journal of Management","volume":"10 5","pages":""},"PeriodicalIF":4.8,"publicationDate":"2023-11-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139251810","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 : 2023-11-10DOI: 10.1177/03128962231205455
Fariha Zahid, Arif Nazir Butt, Muhammad Abdul Rahman Malik
Counterintuitive to the generally prevailing positive view of political skill, we suggest that this social competency also has the potential to foster dysfunctional outcomes for organizations. Drawing insights from moral licensing theory, the study examines a framework that explains how politically skilled employees strategize to fulfill their self-serving objectives through leader-member exchange (LMX) relations. The findings from a multi-source sample of 250 private sector employees supported our proposed framework and demonstrated that political skill is indirectly related to self-serving counterproductive behaviors through LMX, with psychological entitlement as an important boundary condition. The study’s implications, its strengths and limitations, and future research directions are also discussed. JEL Classification: D23
{"title":"When and how political skill becomes counterproductive: A moral licensing view","authors":"Fariha Zahid, Arif Nazir Butt, Muhammad Abdul Rahman Malik","doi":"10.1177/03128962231205455","DOIUrl":"https://doi.org/10.1177/03128962231205455","url":null,"abstract":"Counterintuitive to the generally prevailing positive view of political skill, we suggest that this social competency also has the potential to foster dysfunctional outcomes for organizations. Drawing insights from moral licensing theory, the study examines a framework that explains how politically skilled employees strategize to fulfill their self-serving objectives through leader-member exchange (LMX) relations. The findings from a multi-source sample of 250 private sector employees supported our proposed framework and demonstrated that political skill is indirectly related to self-serving counterproductive behaviors through LMX, with psychological entitlement as an important boundary condition. The study’s implications, its strengths and limitations, and future research directions are also discussed. JEL Classification: D23","PeriodicalId":47209,"journal":{"name":"Australian Journal of Management","volume":"123 2","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135136682","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 : 2023-11-09DOI: 10.1177/03128962231203520
Lu Wang, Jing Chi, Jing Liao
Using unique hand-collected data of related party transactions (RPTs) between state-owned enterprises (SOEs) and government noncorporate agencies in China, we investigate the behavior of government resource allocation and its impacts. We find that Chinese governments are more likely to allocate resources to SOEs with a politically connected chairperson of the board through RPTs. The results remain robust after considering endogeneity concerns. In SOEs with a politically connected chairperson, resources obtained through RPTs are not associated with improved economic outputs except for increased investment expenditures. In addition, resources obtained are associated with improved labor cost stickiness. Our results add new evidence of the political exchange between Chinese governments and SOEs facilitated by politically connected executives. JEL Classification: G30, G38
{"title":"Government resource allocation through related party transactions: Evidence from China","authors":"Lu Wang, Jing Chi, Jing Liao","doi":"10.1177/03128962231203520","DOIUrl":"https://doi.org/10.1177/03128962231203520","url":null,"abstract":"Using unique hand-collected data of related party transactions (RPTs) between state-owned enterprises (SOEs) and government noncorporate agencies in China, we investigate the behavior of government resource allocation and its impacts. We find that Chinese governments are more likely to allocate resources to SOEs with a politically connected chairperson of the board through RPTs. The results remain robust after considering endogeneity concerns. In SOEs with a politically connected chairperson, resources obtained through RPTs are not associated with improved economic outputs except for increased investment expenditures. In addition, resources obtained are associated with improved labor cost stickiness. Our results add new evidence of the political exchange between Chinese governments and SOEs facilitated by politically connected executives. JEL Classification: G30, G38","PeriodicalId":47209,"journal":{"name":"Australian Journal of Management","volume":" 9","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135243041","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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