Pub Date : 2023-04-27DOI: 10.1177/03128962231166246
Lili Wang, Hanyu (Yuki) Chen, Xuan Zhang
Word-of-mouth (WOM) has become one of the most important ways consumers obtain and deliver self-image. However, little research has investigated how product type influences consumers’ WOM intention through self-presentation motivation. Across six studies, this research explores how, why, when, and for whom the product type matters in self-presentation and WOM. Specifically, Study 1A and Study 1B demonstrate that consumers are more likely to engage in WOM for experiential (vs material products) regardless of the type of WOM. Study 2 investigates whether this effect is mediated by promotion-oriented rather than prevention-oriented self-presentation. Finally, three moderator studies, including self-affirmation (Study 3), materialism (Study 4), and need for uniqueness (Study 5), illustrate when and whose WOM intention is more likely to be influenced. This research contributes to theory and practice in impression management and the growing literature on WOM intention. M310 Marketing and M370 Advertising
{"title":"Make a good impression: Recommend different products for self-presentation","authors":"Lili Wang, Hanyu (Yuki) Chen, Xuan Zhang","doi":"10.1177/03128962231166246","DOIUrl":"https://doi.org/10.1177/03128962231166246","url":null,"abstract":"Word-of-mouth (WOM) has become one of the most important ways consumers obtain and deliver self-image. However, little research has investigated how product type influences consumers’ WOM intention through self-presentation motivation. Across six studies, this research explores how, why, when, and for whom the product type matters in self-presentation and WOM. Specifically, Study 1A and Study 1B demonstrate that consumers are more likely to engage in WOM for experiential (vs material products) regardless of the type of WOM. Study 2 investigates whether this effect is mediated by promotion-oriented rather than prevention-oriented self-presentation. Finally, three moderator studies, including self-affirmation (Study 3), materialism (Study 4), and need for uniqueness (Study 5), illustrate when and whose WOM intention is more likely to be influenced. This research contributes to theory and practice in impression management and the growing literature on WOM intention. M310 Marketing and M370 Advertising","PeriodicalId":47209,"journal":{"name":"Australian Journal of Management","volume":" ","pages":""},"PeriodicalIF":4.8,"publicationDate":"2023-04-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46082221","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-21DOI: 10.1177/03128962231169142
C. Wright, C. Cortese, Abdullah Al-Mamun, Searat Ali
Diversity of company leadership is an important governance issue for corporations globally, yet the uneven treatment of diversity priorities remains a major challenge. We explore the extent and change over time of both gender and ethnic diversity in leadership and disclosure for Australia’s largest firms from 2005 to 2021. Using institutional theory, we compare the isomorphisms driving change, and examine the extent to which there is rhetorical decoupling between diversity disclosure and practice. Our analysis reveals a significant improvement in gender diversity over time but very little progress in the ethnic diversity of corporate leaders. We find a connection between diversity reporting and the appointment of female corporate leaders. However, there is a disconnection between public commitment to diversity and the appointment of non-white corporate leaders. A lack of regulation for diversity reporting contributes to this imbalance with different outcomes for gender and ethnic diversity as the result of different institutional isomorphisms. Our findings can inform policymakers and corporations, highlighting the importance of a range of institutional pressures that encourage the disclosure and practice of ethnic diversity in corporate leadership. JEL Classification: M14
{"title":"The Whiteboard: Decoupling of ethnic and gender diversity reporting and practice in corporate Australia","authors":"C. Wright, C. Cortese, Abdullah Al-Mamun, Searat Ali","doi":"10.1177/03128962231169142","DOIUrl":"https://doi.org/10.1177/03128962231169142","url":null,"abstract":"Diversity of company leadership is an important governance issue for corporations globally, yet the uneven treatment of diversity priorities remains a major challenge. We explore the extent and change over time of both gender and ethnic diversity in leadership and disclosure for Australia’s largest firms from 2005 to 2021. Using institutional theory, we compare the isomorphisms driving change, and examine the extent to which there is rhetorical decoupling between diversity disclosure and practice. Our analysis reveals a significant improvement in gender diversity over time but very little progress in the ethnic diversity of corporate leaders. We find a connection between diversity reporting and the appointment of female corporate leaders. However, there is a disconnection between public commitment to diversity and the appointment of non-white corporate leaders. A lack of regulation for diversity reporting contributes to this imbalance with different outcomes for gender and ethnic diversity as the result of different institutional isomorphisms. Our findings can inform policymakers and corporations, highlighting the importance of a range of institutional pressures that encourage the disclosure and practice of ethnic diversity in corporate leadership. JEL Classification: M14","PeriodicalId":47209,"journal":{"name":"Australian Journal of Management","volume":" ","pages":""},"PeriodicalIF":4.8,"publicationDate":"2023-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45425961","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-21DOI: 10.1177/03128962231165655
Yunting Feng, Xiaoping Zhao, Qinghua Zhu
The burgeoning field of sustainable supply chain management (SSCM) has captured considerable attention among scholars and practitioners. As global uncertainty continues to rise and increases the risk of supply chain disruption, the influence of such uncertainty on SSCM and firm performance requires urgent examination. But the topic is understudied. To address the gap, we organ-ized a special issue in the Australian Journal of Management that explicitly focuses on SSCM in the context of a turbulent world. This editorial summarizes and extends the 10 articles published in the special issue. We identified five research themes from the 10 articles, including “green supply chain development and innovation,” “sustainable supplier management considering supply chain disruption,” “supply chain resilience strategies and performance,” “SSCM, uncertainty, and financial performance,” and “supply chain finance and performance.” We propose that a focus on external uncertainty will extend our understanding of the antecedents and outcomes of SSCM. The special issue, titled “Sustainable Supply Chains in a Turbulent World: Challenges and Opportunities” in the Australian Journal of Management , aims at tackling the challenges posed by the ongoing uncertainty around the world on SSCM. While extant research on SSCM has primarily focused on examining the adoption, diffusion, and outcomes of SSCM under normal conditions (Feng et al., 2017; Seuring and Müller, 2008; Yawar and Seuring, 2017), this special issue aims to expand the scope of SSCM research by addressing research gaps related to the impact of turbulence and unpredictability in the world.
可持续供应链管理(sustainable supply chain management, SSCM)这一新兴领域引起了学者和实践者的广泛关注。随着全球不确定性持续上升，供应链中断的风险增加，这种不确定性对SSCM和企业绩效的影响需要紧急检查。但这个话题还没有得到充分的研究。为了解决这一差距，我们在《澳大利亚管理杂志》上组织了一期特刊，明确地关注了动荡世界背景下的SSCM。这篇社论是对特刊上发表的10篇文章的总结和延伸。我们从10篇文章中确定了5个研究主题，包括“绿色供应链发展与创新”、“考虑供应链中断的可持续供应商管理”、“供应链弹性战略与绩效”、“SSCM、不确定性和财务绩效”以及“供应链金融与绩效”。我们建议，关注外部不确定性将扩展我们对SSCM的前因和结果的理解。《澳大利亚管理杂志》的特刊题为“动荡世界中的可持续供应链:挑战与机遇”，旨在解决全球范围内持续的不确定性给供应链管理带来的挑战。而现有的关于SSCM的研究主要集中在检查SSCM在正常条件下的采用、传播和结果(Feng et al.， 2017;Seuring and m ller, 2008;yaar和Seuring, 2017)，本期特刊旨在通过解决与世界上湍流和不可预测性影响相关的研究差距来扩大SSCM研究的范围。
{"title":"Sustainable supply chains in a turbulent world: Challenges and opportunities","authors":"Yunting Feng, Xiaoping Zhao, Qinghua Zhu","doi":"10.1177/03128962231165655","DOIUrl":"https://doi.org/10.1177/03128962231165655","url":null,"abstract":"The burgeoning field of sustainable supply chain management (SSCM) has captured considerable attention among scholars and practitioners. As global uncertainty continues to rise and increases the risk of supply chain disruption, the influence of such uncertainty on SSCM and firm performance requires urgent examination. But the topic is understudied. To address the gap, we organ-ized a special issue in the Australian Journal of Management that explicitly focuses on SSCM in the context of a turbulent world. This editorial summarizes and extends the 10 articles published in the special issue. We identified five research themes from the 10 articles, including “green supply chain development and innovation,” “sustainable supplier management considering supply chain disruption,” “supply chain resilience strategies and performance,” “SSCM, uncertainty, and financial performance,” and “supply chain finance and performance.” We propose that a focus on external uncertainty will extend our understanding of the antecedents and outcomes of SSCM. The special issue, titled “Sustainable Supply Chains in a Turbulent World: Challenges and Opportunities” in the Australian Journal of Management , aims at tackling the challenges posed by the ongoing uncertainty around the world on SSCM. While extant research on SSCM has primarily focused on examining the adoption, diffusion, and outcomes of SSCM under normal conditions (Feng et al., 2017; Seuring and Müller, 2008; Yawar and Seuring, 2017), this special issue aims to expand the scope of SSCM research by addressing research gaps related to the impact of turbulence and unpredictability in the world.","PeriodicalId":47209,"journal":{"name":"Australian Journal of Management","volume":"48 1","pages":"199 - 203"},"PeriodicalIF":4.8,"publicationDate":"2023-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44154362","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-18DOI: 10.1177/03128962231157102
Titov Sergei, Trachuk Arkady, Linder Natalya, RD Pathak, D. Samson, Zafar Husain, S. Sushil
Digital transformation (DT) is a complex, socio-technical, strategic, and often radical change influenced by various aspects, among which non-technological, organizational factors play significant roles. The literature on DT enablers suggests sensitivity to the organizational context, especially to the technology intensity of companies. This article analyzes the variations in non-technological DT enablers in high-tech and low-tech manufacturing companies. Through a systematic literature review, using coding techniques and cluster analysis, we created 20 aggregated enabler categories. With the Decision Making Trial and Evaluation Laboratory (DEMATEL) method, clustered DT enablers in high-tech and low-tech companies were compared. High-tech companies enable DT with the factors related primarily to organizational flexibility and dynamism. In contrast, low-tech firms propel DT with the enablers connected to more stable, traditional, managerial practices. 031 and 032
{"title":"Digital transformation enablers in high-tech and low-tech companies: A comparative analysis","authors":"Titov Sergei, Trachuk Arkady, Linder Natalya, RD Pathak, D. Samson, Zafar Husain, S. Sushil","doi":"10.1177/03128962231157102","DOIUrl":"https://doi.org/10.1177/03128962231157102","url":null,"abstract":"Digital transformation (DT) is a complex, socio-technical, strategic, and often radical change influenced by various aspects, among which non-technological, organizational factors play significant roles. The literature on DT enablers suggests sensitivity to the organizational context, especially to the technology intensity of companies. This article analyzes the variations in non-technological DT enablers in high-tech and low-tech manufacturing companies. Through a systematic literature review, using coding techniques and cluster analysis, we created 20 aggregated enabler categories. With the Decision Making Trial and Evaluation Laboratory (DEMATEL) method, clustered DT enablers in high-tech and low-tech companies were compared. High-tech companies enable DT with the factors related primarily to organizational flexibility and dynamism. In contrast, low-tech firms propel DT with the enablers connected to more stable, traditional, managerial practices. 031 and 032","PeriodicalId":47209,"journal":{"name":"Australian Journal of Management","volume":" ","pages":""},"PeriodicalIF":4.8,"publicationDate":"2023-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45510947","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-16DOI: 10.1177/03128962231160654
M. Khatibi, Gabriella Elgenius, P. Turner, Justine Ferrer
This article explores the career development and underrepresentation of Indigenous Australians in leadership and management positions within the Australian Football League (AFL); it explains the continued underrepresentation as a case of ‘avoiding discrimination’. Using institutional theory, this research fills a gap in existing scholarship by contributing to understanding the mechanisms by which organisations avoid addressing underrepresentation and enforce discriminatory practices in three significant ways. First, organisations may claim equality and assume that the organisation is characterised by a climate of inclusion as a way of ignoring issues of underrepresentation. Second, organisations utilise diversity management to improve the image of the organisation and engage in legitimising practices that contribute towards improving the brand. Third, organisations also engage in silencing practices by exercising internal control over employees, in this case players, and prohibiting them from participating in public debates about racial abuse. This study concludes that avoiding underrepresentation contributes to the continued exclusion of Indigenous Australians in leadership positions within the AFL, conceptualised here as a case of ‘ discrimination by avoidance’. M540 Personnel Economics: Labor Management
{"title":"Discrimination by avoidance: The underrepresentation of Indigenous Australians in leadership positions within the Australian Football League","authors":"M. Khatibi, Gabriella Elgenius, P. Turner, Justine Ferrer","doi":"10.1177/03128962231160654","DOIUrl":"https://doi.org/10.1177/03128962231160654","url":null,"abstract":"This article explores the career development and underrepresentation of Indigenous Australians in leadership and management positions within the Australian Football League (AFL); it explains the continued underrepresentation as a case of ‘avoiding discrimination’. Using institutional theory, this research fills a gap in existing scholarship by contributing to understanding the mechanisms by which organisations avoid addressing underrepresentation and enforce discriminatory practices in three significant ways. First, organisations may claim equality and assume that the organisation is characterised by a climate of inclusion as a way of ignoring issues of underrepresentation. Second, organisations utilise diversity management to improve the image of the organisation and engage in legitimising practices that contribute towards improving the brand. Third, organisations also engage in silencing practices by exercising internal control over employees, in this case players, and prohibiting them from participating in public debates about racial abuse. This study concludes that avoiding underrepresentation contributes to the continued exclusion of Indigenous Australians in leadership positions within the AFL, conceptualised here as a case of ‘ discrimination by avoidance’. M540 Personnel Economics: Labor Management","PeriodicalId":47209,"journal":{"name":"Australian Journal of Management","volume":" ","pages":""},"PeriodicalIF":4.8,"publicationDate":"2023-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42105365","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-16DOI: 10.1177/03128962231160650
Muhammad Ali, Mirit K. Grabarski, Saud Ahmed, Nazish Imtiaz
Corporate scandals, environmental damages, and employment conditions have highlighted the importance of corporate social responsibility (CSR). However, little is known about (1) the simultaneous effects of board and top management team (TMT) gender diversity on CSR, (2) the mediating role of CSR between leadership (board/TM) gender diversity and organizational outcomes, and (3) the above-noted effects vary between large versus small organizations. Drawn from social role theory, we test our hypotheses using multisource time-lagged data from 248 organizations. The results indicate that both board and TMT gender diversity are positively associated with CSR. Moreover, CSR had a positive effect on both perceived organizational performance and employee productivity, with CSR also mediating the relationship between board gender diversity and perceived organizational performance. The findings also show the moderating effect of organization size on the CSR–organizational outcomes relationship. Our results refine (differential effects of gender diversity on CSR depending on the role), extend (some unprecedented effects were found for perceived organizational performance and employee productivity), and qualify (effects were significant for large organizations) social role theory. Our research addresses the above-noted knowledge gaps and informs the contextual leadership gender diversity practice for improved CSR and organizational outcomes. JEL Classification: M12, M14
{"title":"Does leadership gender diversity drive corporate social responsibility and organizational outcomes? The role of organization size","authors":"Muhammad Ali, Mirit K. Grabarski, Saud Ahmed, Nazish Imtiaz","doi":"10.1177/03128962231160650","DOIUrl":"https://doi.org/10.1177/03128962231160650","url":null,"abstract":"Corporate scandals, environmental damages, and employment conditions have highlighted the importance of corporate social responsibility (CSR). However, little is known about (1) the simultaneous effects of board and top management team (TMT) gender diversity on CSR, (2) the mediating role of CSR between leadership (board/TM) gender diversity and organizational outcomes, and (3) the above-noted effects vary between large versus small organizations. Drawn from social role theory, we test our hypotheses using multisource time-lagged data from 248 organizations. The results indicate that both board and TMT gender diversity are positively associated with CSR. Moreover, CSR had a positive effect on both perceived organizational performance and employee productivity, with CSR also mediating the relationship between board gender diversity and perceived organizational performance. The findings also show the moderating effect of organization size on the CSR–organizational outcomes relationship. Our results refine (differential effects of gender diversity on CSR depending on the role), extend (some unprecedented effects were found for perceived organizational performance and employee productivity), and qualify (effects were significant for large organizations) social role theory. Our research addresses the above-noted knowledge gaps and informs the contextual leadership gender diversity practice for improved CSR and organizational outcomes. JEL Classification: M12, M14","PeriodicalId":47209,"journal":{"name":"Australian Journal of Management","volume":" ","pages":""},"PeriodicalIF":4.8,"publicationDate":"2023-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48459189","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-10DOI: 10.1177/03128962231160395
Mark Jones, P. Stanton, M. Rose
This article focuses on the lived experience of a Karajarri Yawuru, First Peoples Doctoral candidate and his interactions with the Academy. This article draws on three vignettes and highlights first, racism that questions First Peoples’ academic expertise and knowledge, second, racism that dismisses and demeans First Peoples’ lived experience and third, racism that instrumentalises First Peoples’ academics. We argue that despite the aspirational strategies and good intentions of Australian universities, the deeply embedded and pervasive nature of colonisation and institutional whiteness has to be identified and challenged in order for First Peoples to take their rightful place in the Academy. JEL Classification: J15, J71, M14, Z13
{"title":"Why isn’t my professor Aboriginal?","authors":"Mark Jones, P. Stanton, M. Rose","doi":"10.1177/03128962231160395","DOIUrl":"https://doi.org/10.1177/03128962231160395","url":null,"abstract":"This article focuses on the lived experience of a Karajarri Yawuru, First Peoples Doctoral candidate and his interactions with the Academy. This article draws on three vignettes and highlights first, racism that questions First Peoples’ academic expertise and knowledge, second, racism that dismisses and demeans First Peoples’ lived experience and third, racism that instrumentalises First Peoples’ academics. We argue that despite the aspirational strategies and good intentions of Australian universities, the deeply embedded and pervasive nature of colonisation and institutional whiteness has to be identified and challenged in order for First Peoples to take their rightful place in the Academy. JEL Classification: J15, J71, M14, Z13","PeriodicalId":47209,"journal":{"name":"Australian Journal of Management","volume":" ","pages":""},"PeriodicalIF":4.8,"publicationDate":"2023-03-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46024471","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-28DOI: 10.1177/03128962231157005
A. Steen, Chris Graves, Steven D’Alessandro, Henry X. Shi
Despite its increasing importance, digital financial literacy (DFL) is yet to be adequately understood. This article reports on one aspect of DFL, namely, digital asset planning literacy (DAPL) which is an individual’s awareness of what happens to their digital assets on their death or incapacity. Our results from Australia and Singapore suggest that single, less-educated women are less likely to possess DAPL, and that the number of digital assets is negatively associated with DAPL, while having a Will is positively related to DAPL. With this study, we put forward that financial education should include consumer rights regarding digital financial assets. JEL Classification: D14; G53; G50; J12; J16
{"title":"Managing digital assets on death and disability: An examination of the determinants of digital asset planning literacy","authors":"A. Steen, Chris Graves, Steven D’Alessandro, Henry X. Shi","doi":"10.1177/03128962231157005","DOIUrl":"https://doi.org/10.1177/03128962231157005","url":null,"abstract":"Despite its increasing importance, digital financial literacy (DFL) is yet to be adequately understood. This article reports on one aspect of DFL, namely, digital asset planning literacy (DAPL) which is an individual’s awareness of what happens to their digital assets on their death or incapacity. Our results from Australia and Singapore suggest that single, less-educated women are less likely to possess DAPL, and that the number of digital assets is negatively associated with DAPL, while having a Will is positively related to DAPL. With this study, we put forward that financial education should include consumer rights regarding digital financial assets. JEL Classification: D14; G53; G50; J12; J16","PeriodicalId":47209,"journal":{"name":"Australian Journal of Management","volume":" ","pages":""},"PeriodicalIF":4.8,"publicationDate":"2023-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46226238","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-27DOI: 10.1177/03128962231152764
D. Ranasinghe, Ahsan Habib
We examine the association between strategic deviation and investment inefficiency. We conceptualize strategic deviation as the extent to which the pattern of a firm’s resource allocation deviates from its industry peers. We posit that firms pursuing deviant strategies are prone to increased information asymmetry and hence, are able to engage in self-serving behaviour as manifested in inefficient investments. Our results suggest that deviant firms have sub-optimal investments. A battery of robustness tests validates our findings. We further provide evidence to suggest that weaker monitoring, high product market competition and a low-quality information environment moderate the relation between strategic deviation and investment inefficiency. M41, G41
{"title":"Strategic deviation and investment inefficiency","authors":"D. Ranasinghe, Ahsan Habib","doi":"10.1177/03128962231152764","DOIUrl":"https://doi.org/10.1177/03128962231152764","url":null,"abstract":"We examine the association between strategic deviation and investment inefficiency. We conceptualize strategic deviation as the extent to which the pattern of a firm’s resource allocation deviates from its industry peers. We posit that firms pursuing deviant strategies are prone to increased information asymmetry and hence, are able to engage in self-serving behaviour as manifested in inefficient investments. Our results suggest that deviant firms have sub-optimal investments. A battery of robustness tests validates our findings. We further provide evidence to suggest that weaker monitoring, high product market competition and a low-quality information environment moderate the relation between strategic deviation and investment inefficiency. M41, G41","PeriodicalId":47209,"journal":{"name":"Australian Journal of Management","volume":" ","pages":""},"PeriodicalIF":4.8,"publicationDate":"2023-02-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47942536","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-27DOI: 10.1177/03128962231154744
Ha Thanh Nguyen, Balachandran Muniandy, Darren Henry
We synthesize empirical studies on the determinants of the heterogeneity in the adjustment speed (speed of adjustment; SOA) of capital structure. These determinants are categorized into six groups, namely, (1) firm-specific characteristics, (2) financial reporting and managerial incentives, (3) corporate governance, (4) informal institutions, (5) financial market attributes and (6) economy-wide attributes. From this analysis, we perceive important potential research questions linked to identifying channels associated with the costs and frictions explaining SOA heterogeneity, including financial reporting quality aspects, firm internal and external monitoring mechanisms and institutional and cultural elements. Interesting avenues for future research also include considering SOA dynamics for comparable cross-country samples and the investigation of the subsequent consequences of capital structure adjustments. JEL Classification: G30, G32, G34, M41
{"title":"Adjustment speed of capital structure: A literature survey of empirical research","authors":"Ha Thanh Nguyen, Balachandran Muniandy, Darren Henry","doi":"10.1177/03128962231154744","DOIUrl":"https://doi.org/10.1177/03128962231154744","url":null,"abstract":"We synthesize empirical studies on the determinants of the heterogeneity in the adjustment speed (speed of adjustment; SOA) of capital structure. These determinants are categorized into six groups, namely, (1) firm-specific characteristics, (2) financial reporting and managerial incentives, (3) corporate governance, (4) informal institutions, (5) financial market attributes and (6) economy-wide attributes. From this analysis, we perceive important potential research questions linked to identifying channels associated with the costs and frictions explaining SOA heterogeneity, including financial reporting quality aspects, firm internal and external monitoring mechanisms and institutional and cultural elements. Interesting avenues for future research also include considering SOA dynamics for comparable cross-country samples and the investigation of the subsequent consequences of capital structure adjustments. JEL Classification: G30, G32, G34, M41","PeriodicalId":47209,"journal":{"name":"Australian Journal of Management","volume":" ","pages":""},"PeriodicalIF":4.8,"publicationDate":"2023-02-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45171117","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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