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The impact of a competitor’s Chapter 11 bankruptcy on firm risk-taking 竞争对手根据破产法第11章破产对公司风险承担的影响
4区 管理学 Q3 BUSINESS Pub Date : 2023-11-08 DOI: 10.1177/03128962231205461
Yohan Choi, Jeffrey Barden, Jonathan Arthurs, Sam Yul Cho
Using a difference-in-differences method, this study examines the effect of a competitor’s Chapter 11 bankruptcy on a firm’s risk-taking. The contingent nature of a competitor’s Chapter 11 bankruptcy, which protects the competitor from creditors’ demands during financial reorganization, may increase uncertainty in the industry. Consequently, the study tests the hypothesis that other firms in the industry respond to a competitor’s bankruptcy by decreasing risky investments in research and development (R&D), capital expenditures and acquisitions. To validate and extend this hypothesis, the study also hypothesizes that a firm’s strong financial standing—low leverage and good performance—and the firm’s diversification reduce the negative effect of the competitor’s bankruptcy on firm risk-taking. Findings from a study of US public firms suggest that, after controlling for industry conditions, firms indeed reduce their risk-taking when a competitor declares bankruptcy and that lower firm leverage, stronger firm performance, and greater firm diversification mitigate this effect. Together, these findings shed light on the literatures on bankruptcy and firm risk-taking. JEL Classification: L22, M10, D81, D25
本研究采用差异中的差异方法,考察了竞争对手破产对企业风险承担的影响。竞争对手的第11章破产保护了竞争对手在财务重组期间不受债权人要求的可能性,这可能会增加行业的不确定性。因此,该研究检验了一个假设,即行业内的其他公司通过减少在研发、资本支出和收购方面的风险投资来应对竞争对手的破产。为了验证和扩展这一假设,本研究还假设,企业强大的财务状况(低杠杆和良好的业绩)和企业的多元化会降低竞争对手破产对企业风险承担的负面影响。一项针对美国上市公司的研究结果表明,在控制了行业条件后,当竞争对手宣布破产时,公司确实会降低其承担的风险,而较低的公司杠杆率、较强的公司业绩和更大的公司多元化会缓解这种影响。总之,这些发现揭示了关于破产和公司冒险的文献。JEL分类:L22, M10, D81, D25
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引用次数: 0
Is comprehensiveness in making strategic decisions always helpful? 战略决策的全面性是否总是有益的?
4区 管理学 Q3 BUSINESS Pub Date : 2023-11-05 DOI: 10.1177/03128962231201497
Sasanka Sekhar Chanda, Sougata Ray
Extant research provides incongruous answers to the question whether higher comprehensiveness in making strategic decisions is always desirable. To motivate a resolution, we study outcomes of decision-comprehensiveness by modeling strategic decision-making as an emergent process, accomplished through learning by managers over time for organizations focusing on exploration or exploitation, over short or long time horizons, in stable and changing environments. Three out of the eight resultant scenarios favor higher comprehensiveness, and two favor lower comprehensiveness. The remaining three scenarios call for a more nuanced consideration of the comprehensiveness construct. Our research enriches managerial decision-making by highlighting circumstances where higher comprehensiveness is beneficial or detrimental to the quality of a strategic decision. JEL Classification: D70, D81, D91
对于战略决策的全面性是否总是可取的这个问题,现有的研究给出了不协调的答案。为了激励一个决议,我们通过将战略决策建模为一个紧急过程来研究决策综合性的结果,该过程是通过管理人员在一段时间内的学习来完成的,这些组织专注于探索或开发,在短期或长期的视野中,在稳定和不断变化的环境中。八个结果场景中有三个支持更高的综合性,两个支持更低的综合性。剩下的三种情况需要更细致地考虑全面性结构。我们的研究通过强调更高的综合性对战略决策质量有利或有害的情况来丰富管理决策。JEL分类:D70, D81, D91
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引用次数: 0
Nonprofit-business collaboration: An empirical-based framework for value creation 非营利企业合作:基于经验的价值创造框架
4区 管理学 Q3 BUSINESS Pub Date : 2023-10-24 DOI: 10.1177/03128962231201525
Omar Al-Tabbaa
While interest in nonprofit-business collaboration (NBC) has grown rapidly in the past decades, literature has underexposed the peculiarities of nonprofit organizations (NPOs), compared to the ample attention on the perspective of the firm and the implications for society. In specific, we lack clarity on how NPOs can deliberately seek collaboration with the business sector to foster their organizational viability and economic interests, in addition to their traditional focus on delivering social value and meaningfulness. This active approach has become imperative given the growing uncertainty of government funding and budgetary constraints. However, the proactive involvement in NBC is complex and risky. In this study, we address this dilemma by investigating several NPOs that are active in NBC. Based on the analysis and findings, we developed an empirical-based framework that explains the essence of NPOs’ proactive engagement with the business sector. More specifically, we offer subtle theoretical and empirical investigations of various internal and external contingencies that explain the effectiveness of NPOs in establishing collaboration with firms for value creation. Moreover, we advance the current debate concerning the need to establish a clear distinction between value creation for society (conceived as the sum of benevolent benefits obtained from the collaboration) and for the partners. As such, we showed that the active-in-collaboration NPOs distinguish between different NBC values that include economic benefits (for survival), institutional development (for organizational effectiveness), and transformational for changing business practice (for the fulfillment of mission). Therefore, we shift the focus from the predominating perspectives of society and business to consider NPOs as an active component of this relationship. Together, these findings offer a robust nonprofit-centric foundation that is necessary for NBC practice and theory development. JEL Classification: M1 Business Administration
虽然在过去的几十年里,人们对非营利组织合作(NBC)的兴趣迅速增长,但与对企业视角及其对社会的影响的充分关注相比,文献对非营利组织(NPOs)的特殊性的曝光不足。具体来说,我们不清楚非营利组织如何在传统上专注于提供社会价值和意义之外,有意识地寻求与商业部门的合作,以促进其组织的生存能力和经济利益。鉴于政府资金和预算限制的不确定性日益增加,这种积极的做法已变得势在必行。然而,积极参与全国广播公司是复杂和有风险的。在这项研究中,我们通过调查几个活跃在全国广播公司的非营利组织来解决这一困境。基于分析和发现,我们开发了一个基于经验的框架,解释了非营利组织积极参与商业部门的本质。更具体地说,我们对各种内部和外部突发事件进行了细致的理论和实证调查,这些事件解释了非营利组织在与企业建立价值创造合作方面的有效性。此外,我们推进了当前关于需要明确区分社会价值创造(被认为是从合作中获得的仁慈利益的总和)和合作伙伴价值创造的辩论。因此,我们表明积极合作的npo区分了不同的NBC价值观,包括经济利益(为了生存),制度发展(为了组织效率),以及改变商业实践的转型(为了完成使命)。因此,我们将焦点从社会和商业的主导角度转移到将非营利组织视为这种关系的积极组成部分。总之,这些发现为全国广播公司的实践和理论发展提供了一个强有力的以非营利为中心的基础。JEL分类:M1企业管理
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引用次数: 0
Choice of product quality in supply chain of live-streaming e-commerce under different power structures 不同权力结构下的直播电子商务供应链产品质量选择
4区 管理学 Q3 BUSINESS Pub Date : 2023-10-12 DOI: 10.1177/03128962231196322
Zhijian Zhang, Zhenwu Chen, Miyu Wan, Shuai Qiu
Product quality has become an important factor affecting consumer demand and the sustainable and stable development of the live-streaming e-commerce supply chain. In this article, two types of Stackelberg game of manufacturer-led or streamer-led and centralized decision game models are constructed to explore the impact of streamer commission proportion and different power structures on product quality decision-making of live-streaming e-commerce supply chain. The results show that (1) product quality decreases with the increase of streamer commission proportion under streamer’s dominant power structure and manufacturer’s dominant power structure, and product quality is not affected by streamer commission proportion under a centralized decision-making mode; (2) the product quality under the three power structures increases with the increase of quality sensitivity coefficient and decreases with the increase of quality-improvement cost coefficient; (3) comparatively speaking, the live-streaming under centralized decision-making mode has lower price and higher product quality, while the power structure dominated by manufacturers is unfavorable to the improvement of product quality. JEL Classification: C72, D21
产品质量已成为影响消费者需求和直播电商供应链持续稳定发展的重要因素。本文构建了制造商主导或流媒体主导的两类Stackelberg博弈和集中决策博弈模型,探讨流媒体佣金比例和不同权力结构对直播电子商务供应链产品质量决策的影响。结果表明:(1)在流线型主导权力结构和制造商主导权力结构下,流线型提成比例越大,产品质量越低;在集中式决策模式下,流线型提成比例不影响产品质量;(2)三种动力结构下的产品质量随质量敏感性系数的增大而增大,随质量改进成本系数的增大而减小;(3)相对而言,集中决策模式下的直播价格更低,产品质量更高,而厂商主导的权力结构不利于产品质量的提升。JEL分类:C72, D21
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引用次数: 0
Filtering the reality: Exploring the dark and bright sides of augmented reality–based filters on social media 过滤现实:探索社交媒体上基于增强现实的过滤器的黑暗面和光明面
4区 管理学 Q3 BUSINESS Pub Date : 2023-09-25 DOI: 10.1177/03128962231199356
Harish Kumar, Madhushree Nanda Agarwal
The study aims to investigate the effect of augmented reality (AR)-based filters on social media users’ self-concept and well-being. While much research has explored consumer use of AR filters and their effect on buying behaviour, few studies have examined how such filters affect self-concept, especially in the context of social media use (rather than retailing). We used the inductive qualitative method and grounded theory to analyse 18 AR filter users’ in-depth interviews. We found that using AR filters broadens the gap between the actual self and the ideal self, intensifying the social comparison process. On the positive side, some users may get inspired to reduce the ideal-actual gap through the creative use of the AR tools available. However, on the negative side, other users may feel negative emotions like envy. These positive and negative feelings may affect the user’s body satisfaction and self-confidence, ultimately changing their usage intention. JEL Classification: M31
本研究旨在探讨基于增强现实(AR)的过滤器对社交媒体用户自我概念和幸福感的影响。虽然很多研究都探讨了消费者使用AR滤镜及其对购买行为的影响,但很少有研究调查这些滤镜如何影响自我概念,尤其是在社交媒体使用(而不是零售)的背景下。我们采用归纳定性方法和扎根理论对18个AR过滤器用户的深度访谈进行了分析。我们发现,使用AR过滤器扩大了真实自我和理想自我之间的差距,加剧了社会比较过程。从积极的方面来看,一些用户可能会受到启发,通过创造性地使用可用的AR工具来缩小理想与实际之间的差距。然而,在消极方面,其他用户可能会感到嫉妒等负面情绪。这些积极和消极的感受可能会影响用户的身体满意度和自信心,最终改变用户的使用意图。JEL分类:M31
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引用次数: 0
The impact of sales environment competitiveness on salespeople’s inclination towards unethical sales practices: The mediating role of self-control depletion and the moderating role of ethical leadership 销售环境竞争力对销售人员不道德行为倾向的影响:自我控制损耗的中介作用和道德领导的调节作用
4区 管理学 Q3 BUSINESS Pub Date : 2023-09-20 DOI: 10.1177/03128962231197829
Salim Khan, Syed Jamal Shah, Chunlin Wang, Muhammad Ibrar
The study aims to explore the relationship between the sales environment competitiveness and the tendency towards unethical sales practices among salespeople who work in a demanding sales environment. Drawing on the conservation of resources (COR) theory, this study proposes that the perceived sales environment competition leads to self-control depletion, which, in turn, increases the likelihood of unfair sales practices. The study also suggests that ethical leadership can mitigate the aforementioned relationships. Data were collected through self-reported questionnaires from 379 salespeople working in the retail banking sector of Pakistan, using a time-lagged research design and structural equation modelling for analysis. Findings reveal that an increase in perceived sales environment competition leads to a higher probability of unethical sales practices due to self-control depletion. Ethical leadership plays a crucial role in constraining the influence of the perceived sales environment competition on self-control depletion. The study contributes to the sales ethics literature by investigating unethical sales practices from the perspective of sales environment competitiveness in contrast to the prevailing research that largely emphasizes on organizational or individual-level factors. Practically, this study suggests organizational decision makers and managers to consider the influence of a demanding sales environment and the psychological mechanisms that incline salespeople towards unethical sales practices; they should then design the appropriate mechanisms to control this behaviour. For instance, this can be achieved by incentivizing ethical sales practices or fostering a strong ethical culture within the organization to internalize sales ethics. Moreover, this study recommends sales manager to maintain high ethical standards to prevent the negative effect of a competitive sales environment on the ethical behaviour of salespeople. JEL Classification: M50
本研究旨在探讨在苛刻的销售环境中工作的销售人员的销售环境竞争力与不道德销售行为倾向之间的关系。利用资源守恒(COR)理论,本研究提出,感知到的销售环境竞争导致自我控制枯竭,这反过来又增加了不公平销售行为的可能性。研究还表明,道德领导可以缓解上述关系。通过对巴基斯坦零售银行部门379名销售人员的自我报告问卷收集数据,使用滞后研究设计和结构方程模型进行分析。研究结果表明,感知销售环境竞争的增加导致由于自我控制枯竭而导致不道德销售行为的可能性更高。伦理领导在抑制销售环境竞争感知对自我控制损耗的影响方面起着至关重要的作用。该研究通过从销售环境竞争力的角度调查不道德的销售行为,与主流研究主要强调组织或个人层面的因素形成对比,为销售伦理文献做出了贡献。实际上,本研究建议组织决策者和管理者考虑苛刻的销售环境的影响以及使销售人员倾向于不道德销售行为的心理机制;然后,他们应该设计适当的机制来控制这种行为。例如,这可以通过激励道德销售实践或在组织内部培养强大的道德文化来实现。此外,本研究建议销售经理保持较高的道德标准,以防止竞争激烈的销售环境对销售人员道德行为的负面影响。JEL分类:M50
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引用次数: 0
On the nature, predictors, and outcomes of work passion profiles: A comparative study across samples of Indigenous and non-Indigenous Australian employees 工作热情档案的性质、预测因素及结果:澳洲原住民与非原住民雇员样本的比较研究
4区 管理学 Q3 BUSINESS Pub Date : 2023-09-10 DOI: 10.1177/03128962231196325
Alexandre JS Morin, Nicolas Gillet, Léandre-Alexis Chénard-Poirier, Rhonda G Craven, Janet Mooney, Natasha Magson, Robert J Vallerand
Based on the dualistic model of passion, we conducted person-centered analyses to assess how harmonious and obsessive passion for work combine within distinct profiles of employees and document the associations between these profiles and theoretically relevant predictors and outcomes. We also investigate whether the nature of these profiles, and their associations with predictors and outcomes, differs between samples of Australian Indigenous ( N = 591; 66.0% female, M age = 41.87) and non-Indigenous ( N = 605; 56.0% female, M age = 44.79) employees. Our results uncovered four profiles, which were replicated across both samples of employees: Harmonious Passion Dominant, Obsessive Passion Dominant, Mixed Passion-Obsessive Passion Dominant, and Low Passion. Role ambiguity and job overload were found to be related to employees’ likelihood of profile membership in a way that was similar across both samples. Finally, psychological well-being and resilience at work differed as a function of profile membership in a way that was replicated across samples. In addition to the theoretical implications for research on work passion, these results clearly highlight how work passion has highly similar implications for Indigenous and non-Indigenous Australian employees. JEL Classification: I3 Welfare, Well-Being, and Poverty
基于激情的二元模型,我们进行了以人为中心的分析,以评估和谐的工作激情和强迫性的工作激情是如何在不同的员工形象中结合起来的,并记录了这些形象与理论上相关的预测因素和结果之间的联系。我们还调查了这些特征的性质,以及它们与预测因子和结果的关联,是否在澳大利亚土著样本之间有所不同(N = 591;66.0%女性,M年龄= 41.87)和非土著(N = 605;女性占56.0%,年龄44.79岁。我们的研究结果揭示了四种特征,这些特征在两个员工样本中都得到了复制:和谐激情占主导地位,强迫性激情占主导地位,混合激情-强迫性激情占主导地位,以及低激情。在两个样本中,角色模糊和工作过载被发现与员工成为档案成员的可能性相关,其方式相似。最后,工作中的心理健康和恢复能力作为个人资料成员的函数而有所不同,这在不同样本中得到了复制。除了对工作激情研究的理论意义之外,这些结果清楚地强调了工作激情对澳大利亚土著和非土著员工的影响是非常相似的。JEL分类:福利、幸福和贫困
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引用次数: 0
A tale of three associate professors: A grassroots approach to supporting women in higher education 三位副教授的故事:支持女性接受高等教育的草根方法
IF 4.8 4区 管理学 Q3 BUSINESS Pub Date : 2023-08-10 DOI: 10.1177/03128962231188453
C. Thong, Melissa A. Wheeler, J. Mackelprang, Mahnaz Shafiei, H. Scheepers, V. Kilborn
In higher education, gender imbalances continue to persist, particularly at senior academic levels and in university leadership. To explore practical ways to address this disparity, a grassroots initiative was established at an Australian University in 2015 and has grown into an ecosystem of mentoring and support for career advancement of academic women. Challenges and successes of the initiative from 8 years of operation are presented through a teaching case accompanied by teaching notes, including different benefits of grassroots initiatives for gender equity to both organisation and individuals. JEL Classification: M14, J16
在高等教育中,性别失衡现象继续存在,特别是在高级学术水平和大学领导层。为了探索解决这一差距的切实可行的方法,澳大利亚一所大学于2015年建立了一项基层倡议,该倡议已发展成为一个为学术女性职业发展提供指导和支持的生态系统。八、倡议的挑战和成功 通过一个教学案例和教学笔记介绍了多年的运作情况,包括基层倡议对组织和个人的性别平等的不同好处。JEL分类:M14、J16
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引用次数: 0
Indigenous businesses in Australia: A supply chain management perspective 澳大利亚本土企业:供应链管理视角
IF 4.8 4区 管理学 Q3 BUSINESS Pub Date : 2023-08-09 DOI: 10.1177/03128962231190276
K. Mahadevan, Desley Pidgeon, Jeni Richardson
The article presents the current position of supply chain management (SCM) of indigenous businesses in Australia and the approaches to connect it to the broader business. A comprehensive literature review was carried out on SCM of indigenous business practices across four organisations identified in the Whanu Binal Entrepreneur Programme. A deductive approach was used in analysing the literature to express the business operations of four organisations in SCM concepts and theoretical perspectives. Indigenous businesses are managing their SCs without formally addressing the tools, techniques and systems, and are of small scale often less than AUD 5.0 million. The mainstream businesses with less than 5 million sales were found to have SC collaboration, and tools and systems used in the SCs. Indigenous businesses are strongly guided by its culture, supported by the Yarning in transferring knowledge across different generations of women supported by the Indigenous Standpoint Theory (IST). JEL Classification: J15, L26, L60
本文介绍了澳大利亚本土企业供应链管理的现状,以及将其与更广泛的企业联系起来的方法。对Whanu Binal企业家计划中确定的四个组织的本土商业实践SCM进行了全面的文献综述。运用演绎法对文献进行分析,从供应链管理的概念和理论角度表达了四个组织的业务运作。土著企业在没有正式解决工具、技术和系统的情况下管理其SC,规模较小,通常低于5.0澳元 一百万5家以下的主流企业 万销售额被发现与供应链合作,以及供应链中使用的工具和系统。土著企业受到其文化的强烈指导,在Yarning的支持下,在土著立场理论(IST)的支持下向不同世代的妇女传递知识。JEL分类:J15、L26、L60
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引用次数: 0
The impact of management gender diversity on productivity: The contextual role of industry gender composition 管理性别多样性对生产力的影响:行业性别构成的语境作用
IF 4.8 4区 管理学 Q3 BUSINESS Pub Date : 2023-07-25 DOI: 10.1177/03128962231184664
Muhammad Ali, DuckJung Shin, Yang Yang
Managers of different genders play an important role in the success of an organization. Little is known, however, about how management gender diversity is associated with employee productivity at different levels of diversity and the context that might influence this relationship. Integrating the knowledge-based view with role congruity theory, we propose a U-shaped relationship between management gender diversity and employee productivity. As role congruity–related gender stereotypes can be salient in male-majority industries, we advance knowledge by proposing industry gender composition as a key contingency. Building on the integration of theories, we propose that the U-shaped curvilinear relationship will be more pronounced in male-majority industries than in female-majority industries. The predictions were tested using data collected from 248 medium- to large-sized for-profit organizations in Australia via a human resource manager survey and an archival source. The regression results indicate a U-shaped curvilinear relationship across industries and provide the first evidence of a U-shaped curvilinear relationship in male-majority industries and an inverted U-shaped curvilinear relationship in female-majority industries. The findings support the integration of the knowledge-based view and role congruity theory, advance knowledge of industry gender composition dynamics, and provide leaders insights into the specific effects of various management gender compositions. JEL Classification: M12, M14
不同性别的管理者在一个组织的成功中扮演着重要的角色。然而,关于管理层性别多样性如何与不同多样性水平的员工生产力相关联以及可能影响这种关系的背景,我们所知甚少。将知识基础理论与角色一致性理论相结合,提出管理层性别多样性与员工生产力之间存在u型关系。由于角色一致性相关的性别刻板印象可能在男性占多数的行业中突出,我们通过提出行业性别构成作为关键偶然性来推进知识。在理论整合的基础上,我们提出u型曲线关系在男性占多数的行业中比在女性占多数的行业中更为明显。这些预测是通过对澳大利亚248家大中型营利性组织的人力资源经理调查和档案来源收集的数据进行测试的。回归结果表明,不同行业之间存在u型曲线关系,首次证明男性占多数的行业存在u型曲线关系,女性占多数的行业存在倒u型曲线关系。研究结果支持了知识基础观和角色一致性理论的整合,促进了对行业性别构成动态的认识,并为领导者提供了不同管理性别构成的具体影响的见解。JEL分类:M12, M14
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引用次数: 0
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Australian Journal of Management
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