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Female directors and employment stability: A longitudinal analysis of the roles of ultimate owners and managers’ incentive compensation 女性董事与就业稳定性:最终所有者和管理者激励薪酬作用的纵向分析
IF 4.8 4区 管理学 Q3 BUSINESS Pub Date : 2023-07-21 DOI: 10.1177/03128962231184655
Ming-Yuan Chen, Yi-ting Wang
This study examines the moderating role of ultimate owners in the relationship between female directors and employment stability, and tests whether this moderation can be achieved through a mediation process whereby female directors reduce top managers’ incentive compensation to enhance employment stability. We analyze longitudinal data of Taiwanese firms from 2005 to 2019 in a multilevel mediated-moderation model. Our results indicate that while female directors have a positive impact on employment stability, this effect is attenuated by ultimate owners’ private benefit-seeking control. We also find that this moderating effect can be realized by moderating the mediation process between female directors and employment stability. In addition, we explore the differences between family and non-family firms and consider the issue of critical mass. Overall, our study suggests that the value of a gender-diverse board for employment stability depends on appropriate governance structures. JEL Classification: D22, G30, J33, M51
本研究考察了最终所有者在女性董事与就业稳定性之间关系中的调节作用,并检验了这种调节是否可以通过女性董事降低高管激励薪酬以提高就业稳定性的中介过程来实现。我们采用多层次中介调节模型分析了2005年至2019年台湾企业的纵向数据。我们的研究结果表明,虽然女性董事对就业稳定性有积极影响,但最终所有者的私人利益寻求控制削弱了这种影响。我们还发现,这种调节作用可以通过调节女性董事与就业稳定之间的中介过程来实现。此外,我们还探讨了家族企业和非家族企业之间的差异,并考虑了临界质量问题。总体而言,我们的研究表明,性别多元化董事会对就业稳定的价值取决于适当的治理结构。JEL分类:D22、G30、J33、M51
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引用次数: 0
The effect of the information channel on the investment decision: The bull and bear market and investment experience as a moderator 信息渠道对投资决策的影响:牛市和熊市以及作为调节因素的投资经验
IF 4.8 4区 管理学 Q3 BUSINESS Pub Date : 2023-07-21 DOI: 10.1177/03128962231184659
Nesrin Koç Ustali, A. Kaya, Hasan Emin Gürler, Naci Buyukdag
This study aims to examine the factors affecting the decisions of investors. For this, the effect of the information channels (Telegram, Twitter, friend/peer, brokerage house and investors’ research), the investors’ experience and the bull and bear market effect on investment attitude and intention were investigated. Also, the investors’ experience and the bull and bear market effect were applied as moderators in the research. An experimental research method was used, and three studies were designed. According to research results, information channels significantly affected investors’ decisions and differed from each other. In addition, the attitudes and intentions towards information channels differ regarding investors’ investment experiences. While individuals that have experience are prone to invest more based on their research, potential investors rely more on information channels that provide private messaging. G1, G4
本研究旨在考察影响投资者决策的因素。为此,研究了信息渠道(Telegram、Twitter、朋友/同行、经纪公司和投资者研究)、投资者经验以及牛市和熊市效应对投资态度和意图的影响。此外,投资者的经验和牛市和熊市效应也被用作研究的调节因素。采用实验研究方法,设计了三项研究。研究结果表明,信息渠道显著影响投资者的决策,且信息渠道之间存在差异。此外,投资者对信息渠道的态度和意图因投资者的投资经历而异。虽然有经验的个人倾向于根据他们的研究进行更多投资,但潜在投资者更多地依赖提供私人信息的信息渠道。G1,G4
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引用次数: 0
The dynamic connectedness between private equities and other high-demand financial assets: A portfolio hedging strategy during COVID-19 私募股权与其他高需求金融资产之间的动态联系:2019冠状病毒病期间的投资组合对冲策略
IF 4.8 4区 管理学 Q3 BUSINESS Pub Date : 2023-07-16 DOI: 10.1177/03128962231184658
Spyros Papathanasiou, D. Vasiliou, Anastasios Magoutas, Drosos Koutsokostas
In view of the need for portfolio diversification, we investigate the interlinkages between a private equity ETF and a set of high-demand asset classes including bonds, equities, crude oil, gold, commodities, currency, Bitcoin, and shipping within a spillover framework. For this objective, we apply the enhanced modification of the Diebold and Yilmaz approach for the period 1 January 2010 to 31 January 2023. The empirical findings indicate a modest degree of connectedness among the investigated markets, whereas volatility spillovers showed acceleration during tumultuous periods. In addition, we assess the capacity of private equities for hedging, for the whole sample period and during COVID-19 infectious disease, in order to suggest investors for potential portfolio restructures. Results demonstrate that the short position in the volatility of private equity ETF can result in strong hedging effectiveness for investors holding long positions in Bitcoin, shipping, bonds, and crude oil. JEL Classification: C32, C58, G11, G15
鉴于投资组合多元化的必要性,我们在溢出框架内调查了私募股权ETF与一系列高需求资产类别之间的相互联系,包括债券、股票、原油、黄金、大宗商品、货币、比特币和航运。为此,我们在2010年1月1日至2023年1月31日期间对Diebold和Yilmaz方法进行了改进。实证结果表明,所调查的市场之间存在适度的联系,而波动溢出在动荡时期表现出加速。此外,我们评估了整个样本期和新冠肺炎传染病期间私募股权的套期保值能力,以建议投资者进行潜在的投资组合重组。结果表明,私募股权ETF波动性中的空头头寸可以为持有比特币、航运、债券和原油多头头寸的投资者带来强大的对冲效果。JEL分类:C32、C58、G11、G15
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引用次数: 1
By a long shot: Power, devaluation and discrimination in a toxic cultural workforce 不太可能:有毒文化劳动力中的权力、贬值和歧视
IF 4.8 4区 管理学 Q3 BUSINESS Pub Date : 2023-07-11 DOI: 10.1177/03128962231179379
Bronwyn Coate, B. Eltham, Deb Verhoeven
Drawing on data collected for a comprehensive workforce survey of the audio-visual camera profession in Australia ( n = 582), this article investigates discrimination and devaluation in screen industry workplaces. Employing a mixed method approach, we analyse the intersection of gender, sexuality and ethnicity to show that group differences play an important role in understanding workplace cultures defined by power imbalances. To address the problem of these toxic workplaces, we propose the importance of attending to job precarity and suggest the need for policymakers, guilds and trade unions to work collaboratively to set and enforce standards of workplace equality and respect. Z13
根据为澳大利亚视听摄像机行业的全面劳动力调查收集的数据(n = 582),本文调查了屏幕行业工作场所的歧视和贬值。采用混合方法,我们分析了性别、性取向和种族的交叉点,以表明群体差异在理解由权力失衡定义的工作场所文化方面发挥着重要作用。为了解决这些有毒工作场所的问题,我们提出了关注工作不稳定的重要性,并建议政策制定者、行业协会和工会合作制定和执行工作场所平等和尊重的标准。Z13
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引用次数: 1
Immersive technologies and consumer behavior: A systematic review of two decades of research 沉浸式技术和消费者行为:二十年研究的系统回顾
IF 4.8 4区 管理学 Q3 BUSINESS Pub Date : 2023-07-07 DOI: 10.1177/03128962231181429
Anupama Ambika, H. Shin, Varsha Jain
Immersive technologies, including augmented reality (AR), virtual reality (VR), mixed reality (MR), and three-dimensional (3D) views, are digitally expanding consumers’ reality, enabling never-before-seen experiences. As these technologies transform from a quirky novelty into a ubiquitous utility for consumers, we analyze the advances of the past two decades of research that elaborate on the influence of immersive technologies on consumer behavior. While the past reviews in this area have focused on a limited number of immersive technologies or their application in a sole industry, we holistically analyze and compare the influence of AR, VR, MR, and 3D on consumer behavior across various sectors. We adopt an integrated TCM (Theories, Contexts, and Methods)-ADO (Antecedents, Decisions, and Outcomes) framework to systematically review 129 studies from high-quality academic journals. The findings from this analysis present implications for future research, theory, and practice. M31 Marketing
沉浸式技术,包括增强现实(AR)、虚拟现实(VR)、混合现实(MR)和三维视图,正在以数字方式扩展消费者的现实,实现前所未有的体验。随着这些技术从一种古怪的新奇事物转变为消费者无处不在的实用工具,我们分析了过去二十年来关于沉浸式技术对消费者行为影响的研究进展。虽然过去在这一领域的评论集中在有限数量的沉浸式技术或其在单一行业中的应用,但我们全面分析和比较了AR、VR、MR和3D对各个行业消费者行为的影响。我们采用了一个综合的TCM(理论、情境和方法)-ADO(前提、决策和结果)框架,系统地回顾了来自高质量学术期刊的129项研究。这一分析的结果对未来的研究、理论和实践都有启示。M31营销
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引用次数: 1
Impact of carbon information disclosure on corporate financing constraints: Evidence from the Carbon Disclosure Project 碳信息披露对企业融资约束的影响——来自碳披露项目的证据
IF 4.8 4区 管理学 Q3 BUSINESS Pub Date : 2023-07-06 DOI: 10.1177/03128962231180265
Heshu Huang, Yuchen Zou, Liukai Wang, Weiqing Wang, Xiaohong Ren
With peak carbon dioxide emissions and a carbon-neutral background, the initiative of enterprises to disclose information voluntarily is insufficient, this study attempts to study the impact of carbon information disclosure on financing constraints to encourage companies’ carbon information disclosure. Previous literature usually uses a binary variable to measure whether an enterprise participates in Carbon Disclosure Project (CDP), and rarely study the impact of carbon information disclosure on economic consequences by acquiring all CDP levels manually. And most of these theories are mostly based on developed countries. Based on the whole sample of 1293 Chinese listed companies participating in the CDP from 2016 to 2020, this study employed the oversampling technology to end unbalanced CDP data, then an ordinary least squares (OLS) regression to account for time-invariant industry heterogeneity and time trends is employed. The empirical results indicate that the higher the CDP level, the smaller the financing constraints of enterprises. Moreover, the channel analysis indicates that carbon information disclosure is alleviating financing constraints by reducing information asymmetry and enhancing corporate reputation. This study bridges the gap in existing research on alleviating corporate financing constraints through the emerging CDP, which also presents the detailed implications for companies and policy makers. G14; G20; M14; Q51
在二氧化碳排放达到峰值和碳中和的背景下,企业自愿披露信息的积极性不足,本研究试图研究碳信息披露对融资约束的影响,以鼓励企业进行碳信息披露。以往文献通常采用二元变量来衡量企业是否参与了碳披露项目(Carbon Disclosure Project, CDP),很少通过人工获取所有碳披露水平来研究碳信息披露对经济后果的影响。这些理论大多是基于发达国家的。本研究以2016 - 2020年1293家参与国内生产总值的上市公司为全样本,采用过采样技术对不平衡的国内生产总值数据进行过采样处理,然后采用普通最小二乘(OLS)回归来考虑时不变的行业异质性和时间趋势。实证结果表明,CDP水平越高,企业的融资约束越小。此外,渠道分析表明,碳信息披露通过减少信息不对称和提高企业声誉来缓解融资约束。本研究弥补了现有研究中关于通过新兴gdp缓解企业融资约束的空白,并为企业和政策制定者提供了详细的启示。八国;20国集团(G20);M14;Q51
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引用次数: 0
Accelerating gender and sexuality inclusion in organisations: Introduction to the special issue and academic agenda 加速将性别和性问题纳入组织:特刊和学术议程简介
IF 4.8 4区 管理学 Q3 BUSINESS Pub Date : 2023-06-20 DOI: 10.1177/03128962231181427
V. Sojo, Melissa A. Wheeler, Michelle K. Ryan
Gender identity, sexual characteristics and sexual orientation are fundamental dimensions of human life, and we must understand how they relate to organisational and work processes to address workplace inclusion. This special issue was conceived to showcase contemporary research about approaches to accelerate gender and sexuality inclusion in organisations. Here, we introduce the five papers included in this special issue – outlining their logic, variety of methods and contributions. Then we present an agenda of academic work across research, teaching and leadership to further our knowledge of what works and facilitate the translation of that knowledge into inclusive organisational practice. JEL Classification: M14, M12, J16, D23, O15
性别认同、性特征和性取向是人类生活的基本维度,我们必须了解它们与组织和工作流程的关系,以解决工作场所的包容性问题。本期特刊旨在展示有关加速组织中性别和性取向包容的方法的当代研究。在这里,我们将介绍本期特刊收录的五篇论文,概述它们的逻辑、各种方法和贡献。然后,我们提出了一个跨研究、教学和领导的学术工作议程,以进一步了解什么是有效的,并促进将这些知识转化为包容性的组织实践。JEL分类:M14、M12、J16、D23、O15
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引用次数: 0
Navigating the river: Experiences of women academic leaders in Vietnam 在河流中航行:越南女性学术领袖的经历
IF 4.8 4区 管理学 Q3 BUSINESS Pub Date : 2023-06-15 DOI: 10.1177/03128962231180261
Jane Phuong, Pia Rowe, Ann Lawless
Gender inequities in leadership positions in academia persist globally. However, there are significant variations depending on country contexts, and devising strategies to overcome these will require a thorough understanding of the country-specific barriers. While the underrepresentation of women in senior leadership positions has become a burgeoning field of inquiry in recent years, few studies have been conducted to investigate this problem in Vietnam. This qualitative research uses photo elicitation interviews and interpretative phenomenological analysis (IPA) to bridge this gap. It examines six Vietnamese women’s lived experiences as academic leaders and argues that by analysing the metaphors they use, we can extend our understanding of the issues academic women face. In Vietnam, the metaphor of a river that constantly changes represents the careers of women in academia. The study highlights the need to equalise and progressively introduce developmental opportunities to set Vietnamese women up for success in academic leadership. i2i23
在全球范围内,学术界领导职位上的性别不平等现象依然存在。然而,根据国家的情况有很大的差异,制定克服这些障碍的战略需要对具体国家的障碍有透彻的了解。虽然近年来女性在高级领导职位上的代表性不足已经成为一个新兴的调查领域,但很少有研究在越南调查这个问题。本定性研究使用照片启发访谈和解释现象学分析(IPA)来弥合这一差距。它考察了六位越南女性作为学术领袖的生活经历,并认为通过分析她们使用的隐喻,我们可以扩展我们对学术女性面临的问题的理解。在越南,不断变化的河流象征着女性在学术界的职业生涯。该研究强调需要平等和逐步引入发展机会,使越南妇女能够在学术领导方面取得成功。i2i23
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引用次数: 0
Managerial influences on the inclusion of transgender and gender-diverse employees: A critical multi-method study 管理对跨性别和性别多样化员工的影响:一项关键的多方法研究
IF 4.8 4区 管理学 Q3 BUSINESS Pub Date : 2023-06-15 DOI: 10.1177/03128962231179371
Robin C. Ladwig
This article examined the work experiences of transgender and gender-diverse (TGD) individuals concerning the organisational environment and managerial influence on their workplace inclusion. The qualitative multi-method study design included semi-structured online interviews with TGD workers ( n = 22); followed by an open-ended, photo-elicit questionnaire with organisational leaders and management personnel, including human resource management and career development practitioners ( n = 42), to evaluate their awareness and approach regarding the inclusion of TGD individuals. A critical grounded theory approach was applied to identify numerous enablers and barriers for TGD employees. Further analysis identified three impact areas of managers: building an inclusive organisational infrastructure, fostering a safe psychological environment and supporting diverse impression-fit management. The three managerial areas provide practical recommendations concerning language use, leadership style, work practices and arrangements that should be considered for increasing TGD workplace inclusion. M12, M14
本文研究了跨性别和性别多样化(TGD)个体的工作经历,包括组织环境和管理对其工作场所包容性的影响。定性多方法研究设计包括半结构化的在线访谈TGD工作者(n = 22);随后,对组织领导和管理人员(包括人力资源管理人员和职业发展从业人员)(n = 42)进行开放式、照片引出的问卷调查,以评估他们对纳入TGD个人的认识和方法。一种关键的扎根理论方法被应用于识别TGD员工的众多促成因素和障碍。进一步的分析确定了管理者的三个影响领域:建立一个包容性的组织基础设施,培养一个安全的心理环境和支持多样化的印象契合管理。这三个管理领域提供了关于语言使用、领导风格、工作实践和安排的实用建议,这些建议应该考虑增加TGD工作场所的包容性。M12 M14
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引用次数: 0
Productive disruptions: Supporting diversity and anti-racism in the workplace through multi-level organisational strategies 生产中断:通过多层次的组织战略支持工作场所的多样性和反种族主义
4区 管理学 Q3 BUSINESS Pub Date : 2023-06-05 DOI: 10.1177/03128962231175182
Brigid Trenerry, Kevin Dunn, Yin Paradies
Racism in the workplace occurs at both the interpersonal and institutional level in terms of prejudiced attitudes and behaviours and avoidable and unfair differences in hiring, retention and opportunities for training and promotion. Many organisations have stated commitments to workforce diversity; however, work-related racism remains the most common forms of reported discrimination. Rather, efforts to increase workforce diversity will fail in the absence of measures to address discriminatory attitudes, behaviours, practices and cultures. Current approaches also lack strategic development, including knowledge of how to implement workforce diversity and anti-racism strategies at multiple organisational levels. Specifically, there is less understanding of measures to support structural level change. This article aims to advance both theoretical and empirical understanding of racism and anti-discrimination in the workplace. We do this by presenting a multi-level framework for understanding and addressing workplace racism. We also study the implementation of a meso-level workplace diversity and anti-discrimination assessment within two local government organisations in Australia. Findings revealed the importance of implementing strategies across multiple organisational levels and establishing accountability for commitments to diversity and anti-racism practice. Despite its structural and universal drives, we argue that racism can be disrupted through the presence of diversity in the workplace and anti-racism intervention.
工作场所的种族主义发生在人际关系和体制两级,表现为有偏见的态度和行为以及在雇用、保留和培训和晋升机会方面可避免和不公平的差别。许多组织都对员工多样性做出了承诺;然而,与工作有关的种族主义仍然是报告中最常见的歧视形式。相反,如果不采取措施解决歧视性态度、行为、做法和文化,增加劳动力多样性的努力就会失败。目前的方法也缺乏战略发展,包括如何在多个组织层面实施劳动力多样性和反种族主义战略的知识。具体来说,对支持结构水平变化的措施的理解较少。本文旨在推进对工作场所种族主义和反歧视的理论和实证理解。为此,我们提出了一个理解和解决职场种族主义的多层次框架。我们还研究了在澳大利亚的两个地方政府组织中实施的中观层面的工作场所多样性和反歧视评估。调查结果揭示了在多个组织层面实施战略以及为多样性和反种族主义实践的承诺建立问责制的重要性。尽管种族主义具有结构性和普遍性,但我们认为,通过工作场所的多样性和反种族主义干预,种族主义可以被破坏。
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引用次数: 0
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Australian Journal of Management
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