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Feminist Corporate Social Responsibility: Reframing CSR as a Critical Force for Good 女权主义企业社会责任:将企业社会责任重塑为一种关键的善的力量
IF 5.6 2区 管理学 Q1 Business, Management and Accounting Pub Date : 2024-02-01 DOI: 10.1111/1467-8551.12798
Laura J. Spence, Scott Taylor
While corporate social responsibility (CSR) research is now impressively broad, we identify fresh opportunities at the intersection of feminist and critical analysis to reframe this field as a force for good. We focus on the epistemological grounding of CSR in its potential to understand and change how managerial activity is interpreted and influenced for progressive ends. We approach this through a reading of the debate on CSR's limited practical use, to imagine a better methodological and purposeful future for CSR. This involves a different, feminist, political and ethical stance for researchers in relation to CSR as an object, to bring CSR theory and practice into alignment in order to revive its sense of purpose as a driving organizational force for good. Our change‐orientated approach is based on a reading of Judith Butler's notion of critique as praxis of values; it is politically aware, reflexive, and focused on the goal of good organization to address grand, often existential, challenges. We conclude by showing how this approach to CSR brings a more transparent way of analysing practice, requiring reflexive action on the part of those working with CSR initiatives both as practitioners and as researchers to co‐produce better futures.
尽管企业社会责任(CSR)研究的范围现已十分广泛,但我们在女权主义与批判性分析的交汇点上发现了新的机遇,从而将这一领域重塑为一股向善的力量。我们将重点放在企业社会责任的认识论基础上,即其理解和改变管理活动如何被解释和影响以达到进步目的的潜力。我们通过解读有关企业社会责任实际用途有限的争论来探讨这一问题,为企业社会责任设想一个在方法论和目的论上更美好的未来。这就需要研究人员对企业社会责任这一对象采取不同的、女权主义的、政治的和伦理的立场,使企业社会责任理论与实践相一致,以重新唤起企业社会责任的使命感,使其成为推动组织向善的力量。我们这种以变革为导向的方法是基于对朱迪斯-巴特勒(Judith Butler)"批判作为价值实践 "这一概念的解读;这种方法具有政治意识、反思意识,并以良好组织的目标为重点,以应对宏大的、往往是生存方面的挑战。最后,我们将展示这种企业社会责任方法如何带来一种更加透明的实践分析方法,要求企业社会责任倡议的实践者和研究者采取自省行动,共同创造更美好的未来。
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引用次数: 0
Do Pre-merger Loyalties Help or Hinder Post-merger Retention? A Longitudinal Study 合并前的忠诚度会帮助还是阻碍合并后的留任?纵向研究
IF 5.6 2区 管理学 Q1 Business, Management and Accounting Pub Date : 2024-01-26 DOI: 10.1111/1467-8551.12789
Martin R. Edwards, Jukka Lipponen, Janne Kaltiainen, Matthew Hornsey
Mergers potentially threaten employees’ organizational identities. For some, a merger could be a trigger to seek employment elsewhere, but the factors associated with increased withdrawal cognitions post-merger necessitate further research. Using a longitudinal, pre- and post-merger design, we investigated two competing predictions drawing on social identity theory: a vulnerability hypothesis (high identification with the pre-merger organization will be associated with increased withdrawal cognitions over time) versus a buffer hypothesis (high pre-merger identification will be associated with decreased withdrawal cognitions over time). Employees from two public sector organizations were surveyed two months before and 22 months after a merger (N = 869). Consistent with the buffer hypothesis, higher pre-merger identification was associated with lower pre-to-post-merger withdrawal cognitions. We found that this relationship was moderated by both pre-merger professional and workgroup identification, highlighting the importance of considering multifoci identification patterns in a merger context. Findings indicate that work-related identification plays a key buffering role through organizational-level change, with pre-merger identification potentially helping retain staff through the merger storm. Thus, our study contributes to social identity theory by showing that an abundance of pre-merger identification forms should help employees navigate the challenges faced during the change experienced with an organizational merger.
合并有可能威胁到员工的组织身份。对某些人来说,合并可能是他们另谋高就的导火索,但与合并后退出认知增加相关的因素还需要进一步研究。我们采用纵向、合并前和合并后的设计,借鉴社会认同理论,研究了两个相互竞争的预测:脆弱性假设(对合并前组织的高度认同将随着时间的推移与退出认知的增加相关联)和缓冲假设(对合并前组织的高度认同将随着时间的推移与退出认知的减少相关联)。对两家公共部门机构的员工进行了合并前两个月和合并后 22 个月的调查(N = 869)。与缓冲假说一致的是,合并前较高的认同感与合并前至合并后较低的退出认知相关。我们发现,这种关系受合并前的专业认同和工作团体认同的调节,这突出了在合并背景下考虑多团体认同模式的重要性。研究结果表明,与工作相关的认同在组织层面的变革中起着关键的缓冲作用,合并前的认同可能有助于在合并风暴中留住员工。因此,我们的研究表明,丰富的合并前认同形式应有助于员工应对组织合并变革过程中所面临的挑战,从而为社会认同理论做出贡献。
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引用次数: 0
Analyst Coverage and Synchronous Knowledge Search: Evidence from a Natural Experiment 分析师报道与同步知识搜索:来自自然实验的证据
IF 5.6 2区 管理学 Q1 Business, Management and Accounting Pub Date : 2024-01-22 DOI: 10.1111/1467-8551.12796
Fenglong Xiao
This study develops a theory concerning the ways in which firms manage knowledge search in relation to the search behaviours of competitors. While the search behaviours of competitors provide information cues regarding the possible distribution of valuable innovation opportunities in the knowledge space, a focal firm may search with competitors synchronously (i.e. searching with competitors in the same knowledge areas at the same time) or asynchronously (i.e. searching in different knowledge areas from competitors). This study examines the quest for legitimacy under institutional pressure as a key contingency that shapes firms’ propensity to search with competitors synchronously or asynchronously. Focusing on scrutiny by security analysts as a source of institutional pressure, and employing mergers and acquisitions of brokerage houses as a natural experiment that results in exogenous drops in analyst coverage, this study finds that firms are more prone to search with competitors asynchronously following an exogenous drop in analyst coverage, providing support to the theory. Additional analysis shows that the positive relationship between an exogenous drop in analyst coverage and a firm's asynchronous search behaviour is less pronounced when the firm in question has proven its ability to capture valuable innovation opportunities via high innovation performance.
本研究就企业如何管理与竞争对手搜索行为相关的知识搜索提出了一套理论。竞争对手的搜索行为提供了知识空间中有价值的创新机会可能分布的信息线索,而重点企业可以与竞争对手同步搜索(即与竞争对手同时在相同的知识领域进行搜索)或异步搜索(即在与竞争对手不同的知识领域进行搜索)。本研究探讨了在制度压力下寻求合法性这一影响企业与竞争对手同步或异步搜索倾向的关键偶然因素。本研究将证券分析师的审查作为制度压力的来源,并将券商的并购作为自然实验,导致分析师覆盖率的外生性下降。其他分析表明,当相关企业通过高创新绩效证明其有能力捕捉有价值的创新机会时,分析师覆盖率的外生下降与企业异步搜索行为之间的正相关关系就不那么明显。
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引用次数: 0
Performance Feedback and Innovative Search Strategies: An Integrative Perspective of Motivation and Capacity for Risk Taking 绩效反馈与创新搜索策略:动机与风险承担能力的综合视角
IF 5.6 2区 管理学 Q1 Business, Management and Accounting Pub Date : 2024-01-22 DOI: 10.1111/1467-8551.12794
Zhiqun Zhang, Xin Gu, Xue Yang
Innovative search is a critical component of strategic decision making, and its different dimensions convey various levels of risk. Prior research on the behavioural theory of the firm has focused on motivation logic or capacity logic to predict the effects of performance feedback on risk taking but has paid limited attention to their joint effects. To construct a comprehensive framework in the behavioural theory of the firm, we consider both motivation and capacity logic to analyse the impact of performance feedback on risk taking. We argue that underperformance feedback positively affects innovative search scope and that overperformance feedback entails a U‐shaped relationship with innovative search scope, while innovative search depth shows the opposite trend. Using a unique dataset consisting of 9,730 firm‐year observations of 2,102 Chinese listed firms from 2008 to 2018, we conduct fixed‐effect regression analyses to test our hypotheses and find support for most theoretical predictions. We also identify the boundary roles of environmental dynamism. This study contributes to the literature on the behavioural theory of the firm by predicting innovative search strategies using a consistent and integrative framework.
创新探索是战略决策的一个重要组成部分,其不同层面传递着不同程度的风险。以往关于企业行为理论的研究主要从动机逻辑或能力逻辑来预测绩效反馈对风险承担的影响,但对它们的共同影响关注有限。为了构建企业行为理论的综合框架,我们同时考虑了动机逻辑和能力逻辑,以分析绩效反馈对风险承担的影响。我们认为,绩效反馈不足会对创新搜索范围产生积极影响,而绩效反馈过度会与创新搜索范围形成 U 型关系,而创新搜索深度则呈现相反的趋势。我们使用一个独特的数据集,该数据集由 2008 年至 2018 年期间 2102 家中国上市公司的 9730 个公司年观测值组成,我们通过固定效应回归分析来检验我们的假设,并发现大多数理论预测都得到了支持。我们还确定了环境动力的边界作用。本研究通过使用一致的整合框架预测创新搜索策略,为企业行为理论文献做出了贡献。
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引用次数: 0
Theory-Driven Perspectives on Generative Artificial Intelligence in Business and Management 商业和管理领域生成式人工智能的理论驱动视角
IF 5.6 2区 管理学 Q1 Business, Management and Accounting Pub Date : 2024-01-19 DOI: 10.1111/1467-8551.12788
Olivia Brown, Robert M. Davison, Stephanie Decker, David A. Ellis, James Faulconbridge, Julie Gore, Michelle Greenwood, Gazi Islam, Christina Lubinski, Niall G. MacKenzie, Renate Meyer, Daniel Muzio, Paolo Quattrone, M. N. Ravishankar, Tammar Zilber, Shuang Ren, Riikka M. Sarala, Paul Hibbert

Shuang Ren, Riikka M. Sarala, Paul Hibbert

The advent of generative artificial intelligence (GAI) has sparked both enthusiasm and anxiety as different stakeholders grapple with the potential to reshape the business and management landscape. This dynamic discourse extends beyond GAI itself to encompass closely related innovations that have existed for some time, for example, machine learning, thereby creating a collective anticipation of opportunities and dilemmas surrounding the transformative or disruptive capacities of these emerging technologies. Recently, ChatGPT's ability to access information from the web in real time marks a significant advancement with profound implications for businesses. This feature is argued to enhance the model's capacity to provide up-to-date, contextually relevant information, enabling more dynamic customer interactions. For businesses, this could mean improvements in areas like market analysis, trend tracking, customer service and real-time data-driven problem-solving. However, this also raises concerns about the accuracy and reliability of the information sourced, given the dynamic and sometimes unverified nature of web content. Additionally, real-time web access might complicate data privacy and security, as the boundaries of GAI interactions extend into the vast and diverse Internet landscape. These factors necessitate a careful and responsible approach to evaluating and using advanced GAI capabilities in business and management contexts.

GAI is attracting much interest both in the academic and business practitioner literature. A quick search in Google Scholar, using the search terms ‘generative artificial intelligence’ and ‘business’ or ‘management’, yields approximately 1740 results. Within this extensive repository, scholars delve into diverse facets, exploring GAI's potential applications across various business and management functions, contemplating its implications for management educators and scrutinizing specific technological applications. Learned societies such as the British Academy of Management have also joined forces in leading the discussion on AI and digitalization in business and management academe. Meanwhile, practitioners and consultants alike (e.g. McKinsey & Company, PWC, World Economic Forum) have produced dedicated discussions, reports and forums to offer insights into the multifaceted impacts and considerations surrounding the integration of GAI in contemporary business and management practices. Table 1 illustrates some current applications of GAI as documented in the practitioner literature.

In an attempt to capture the new opportunities and challenges brought about by this technology and to hopefully find a way forward to guide research and practice, management journals have been swift to embrace the trend, introducing special issues on GAI. These issues aim to promote intellectual debate, for instance in relation to specific business disciplines (e.g. Benbya,

丹尼尔-穆齐奥(Daniel Muzio)、詹姆斯-福尔康布里奇(James Faulconbridge)关于人工智能(AI)与职业的话题已经引起了新闻界、从业人员和学术界的广泛关注。一些作者(Armour 和 Sako,2020 年;Faulconbridge、Sarwar 和 Spring,2023 年;Goto,2021 年;Pemer 和 Werr,2023 年;Spring、Faulconbridge 和 Sarwar,2022 年)专注于专业服务公司如何引入和使用日益复杂的技术解决方案。其他研究(Leicht 和 Fennell,2023 年;Sako、Qian 和 Attolini,2022 年)则侧重于人工智能对专业劳动力市场的影响。事实上,人们的共识似乎是,与以往的技术革命不同,当前的技术革命将主要涉及专业和知识工作者。然而,考虑到广泛变革的前景,令人惊讶的是,人们很少关注人工智能会如何影响我们对专业精神作为一种独特的工作组织原则的理论理解。这是令人遗憾的,因为新的人工智能革命很可能会挑战一些根深蒂固的假设和理解,而这些假设和理解正是专业社会学作为一个独特知识体系的基础(Abbott, 1988; Johnson, 1972; Larson, 1977; Muzio, Kirkpatrick and Aluack, 2019)。在本文中,我们将重点关注这一问题,并思考人工智能可能会如何影响我们理解专业精神的方式。历史学家比亚乔利(引自斯特拉森,2017)描述的《伦敦皇家学会学术期刊》的创刊,说明了科学生产是如何依赖于悖论和不稳定的远距离关系的。比亚乔利描述了英国皇家学会如何成为来自遥远地域的大量学术通信的中心,英国皇家学会在其书名中承认 "提供了一些......世界上许多地方的巧妙之处"(《伦敦皇家学会》,1865 年,封面)。与参加人数稀少、绅士风度十足的面对面会议相比,通过通信扩大交易范围的做法产生了可公开获取的全球化学术记录,但同时也带来了对话者可信度的问题。学会的解决方案是制定一种 "书信礼仪",在没有直接个人关系的情况下,对贡献的价值进行评估。目前的学术同行评议和期刊出版制度就源于这种部分联系和远距离评估制度(Strathern,2017 年)。学术成果的产生既有同事关系(因为它需要持续的学术互动和礼仪),也有非个人关系(因为它需要在陌生人之间进行远距离评判),涉及到近距离和远距离之间的平衡,这种局部关系系统本身就是新兴的现代公民社会概念的象征(Strathern,2020)。除了闪烁的创造性洞察力或资金赞助--尽管两者都存在--正是这种关系基础结构使现代学术得以在新形成的国家公民社会中出现。我们并不主张这种书信惯例是产生学术进步的唯一(或最佳)方式,但这些是我们继承下来的结构,并很快因最新技术的出现而受到质疑。生成式人工智能(GAI)是其中之一,也是最近出现的大型语言模型(LLMs),如 ChatGPT。从撰写文本、模拟数据到 "同行 "评审和编辑,LLMs 几乎可以在知识生产的每一个环节介入学术过程。学术出版中已经存在的人类创造与机械补充的结合很可能会发生重大变化。从知识生产的关系视角出发,我们可以想象法律硕士如何塑造学术知识。具体来说,借鉴斯特拉森(2000、2004、2020)围绕关系和知识实践所做的工作,我们认为,关系网络(以及由此构成的行动者)既改变了知识的生产,也改变了知识问责的性质。将法律硕士嵌入这些网络中,可能会从根本上重塑研究格局,对我们领域中的知识产生难以预料的后果。它涉及多种证据来源和多种可能的解释。数据来源可能包括访谈、观察、文献、文件和日记。
{"title":"Theory-Driven Perspectives on Generative Artificial Intelligence in Business and Management","authors":"Olivia Brown,&nbsp;Robert M. Davison,&nbsp;Stephanie Decker,&nbsp;David A. Ellis,&nbsp;James Faulconbridge,&nbsp;Julie Gore,&nbsp;Michelle Greenwood,&nbsp;Gazi Islam,&nbsp;Christina Lubinski,&nbsp;Niall G. MacKenzie,&nbsp;Renate Meyer,&nbsp;Daniel Muzio,&nbsp;Paolo Quattrone,&nbsp;M. N. Ravishankar,&nbsp;Tammar Zilber,&nbsp;Shuang Ren,&nbsp;Riikka M. Sarala,&nbsp;Paul Hibbert","doi":"10.1111/1467-8551.12788","DOIUrl":"https://doi.org/10.1111/1467-8551.12788","url":null,"abstract":"<p>Shuang Ren, Riikka M. Sarala, Paul Hibbert</p><p>The advent of generative artificial intelligence (GAI) has sparked both enthusiasm and anxiety as different stakeholders grapple with the potential to reshape the business and management landscape. This dynamic discourse extends beyond GAI itself to encompass closely related innovations that have existed for some time, for example, machine learning, thereby creating a collective anticipation of opportunities and dilemmas surrounding the transformative or disruptive capacities of these emerging technologies. Recently, ChatGPT's ability to access information from the web in real time marks a significant advancement with profound implications for businesses. This feature is argued to enhance the model's capacity to provide up-to-date, contextually relevant information, enabling more dynamic customer interactions. For businesses, this could mean improvements in areas like market analysis, trend tracking, customer service and real-time data-driven problem-solving. However, this also raises concerns about the accuracy and reliability of the information sourced, given the dynamic and sometimes unverified nature of web content. Additionally, real-time web access might complicate data privacy and security, as the boundaries of GAI interactions extend into the vast and diverse Internet landscape. These factors necessitate a careful and responsible approach to evaluating and using advanced GAI capabilities in business and management contexts.</p><p>GAI is attracting much interest both in the academic and business practitioner literature. A quick search in Google Scholar, using the search terms ‘generative artificial intelligence’ and ‘business’ or ‘management’, yields approximately 1740 results. Within this extensive repository, scholars delve into diverse facets, exploring GAI's potential applications across various business and management functions, contemplating its implications for management educators and scrutinizing specific technological applications. Learned societies such as the British Academy of Management have also joined forces in leading the discussion on AI and digitalization in business and management academe. Meanwhile, practitioners and consultants alike (e.g. McKinsey &amp; Company, PWC, World Economic Forum) have produced dedicated discussions, reports and forums to offer insights into the multifaceted impacts and considerations surrounding the integration of GAI in contemporary business and management practices. Table 1 illustrates some current applications of GAI as documented in the practitioner literature.</p><p>In an attempt to capture the new opportunities and challenges brought about by this technology and to hopefully find a way forward to guide research and practice, management journals have been swift to embrace the trend, introducing special issues on GAI. These issues aim to promote intellectual debate, for instance in relation to specific business disciplines (e.g. Benbya,","PeriodicalId":48342,"journal":{"name":"British Journal of Management","volume":null,"pages":null},"PeriodicalIF":5.6,"publicationDate":"2024-01-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8551.12788","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139504601","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Exploring the Third Type of Agency Problem: An Empirical Study of the Impact of Debt Suspension Programmes on SMEs’ Resource Allocations 探索第三类代理问题:债务中止计划对中小企业资源分配影响的实证研究
IF 5.6 2区 管理学 Q1 Business, Management and Accounting Pub Date : 2024-01-18 DOI: 10.1111/1467-8551.12795
Riccardo Savio, Franceso Castellaneta, Silvio Vismara, Alessandro Zattoni
This study explores the third type of agency problem concerning the tension between shareholders and stakeholders. It does so by analysing whether small and medium-sized enterprises (SMEs) eligible for a temporary debt suspension programme favour the short-term interests of their shareholders or stakeholders, or the firm's long-term competitiveness. Using information from an Italian debt moratorium programme aimed at alleviating the financial pressure on SMEs during the financial crisis, we built a rich database of 37,465 limited liability companies eligible for the programme between 2006 and 2015. We then used a difference-in-differences model to analyse the data. Our findings indicate that the debt suspension programme, designed to help eligible firms survive temporary financial constraints, did promote their long-term competitiveness. However, it also produced some undesirable consequences, such as benefiting shareholders in the short term at the expense of other key stakeholders.
本研究探讨了第三类代理问题,即股东与利益相关者之间的紧张关系。为此,我们分析了符合临时债务中止计划条件的中小型企业(SMEs)是倾向于其股东或利益相关者的短期利益,还是倾向于公司的长期竞争力。我们利用意大利一项旨在缓解金融危机期间中小企业财务压力的债务暂停计划的信息,建立了一个丰富的数据库,其中包含 2006 年至 2015 年期间符合该计划条件的 37,465 家有限责任公司。然后,我们使用差分模型对数据进行了分析。我们的研究结果表明,旨在帮助符合条件的企业渡过暂时的财务困难的债务中止计划确实促进了这些企业的长期竞争力。然而,该计划也产生了一些不良后果,如在短期内使股东受益,而牺牲了其他主要利益相关者的利益。
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引用次数: 0
Why Avoid Participating in an Accelerator? Countersignalling by High-Quality FinTech Ventures 为什么要避免参与加速器?高质量金融科技风险企业的反信号
IF 5.6 2区 管理学 Q1 Business, Management and Accounting Pub Date : 2024-01-14 DOI: 10.1111/1467-8551.12793
Oliver Browne, Douglas Cumming, Mark C. Hutchinson, Samuel N. Kirshner, Philip O'Reilly
This study investigates whether accelerators attract the highest-performing FinTech ventures. Drawing on countersignalling theory, we present a model of accelerator participation that predicts high-quality FinTech ventures will avoid accelerator programmes. Using a unique financial reporting dataset of FinTech accelerator participants and a propensity score-matched sample of comparison firms, we find support for the prediction from our countersignalling model. FinTech accelerator participants have worse performance, both before and after completing a programme, when compared to peer non-accelerator ventures. Overall, our results indicate that FinTech ventures are less suited for accelerators due to the current breadth of outside funding options available, which provides little incentive for participation from high-quality ventures. This research has important implications for entrepreneurs, accelerators and investors.
本研究探讨了加速器是否能吸引表现最出色的金融科技企业。根据反信号理论,我们提出了一个加速器参与模型,预测高质量的金融科技企业将避免参与加速器项目。利用金融科技加速器参与者的独特财务报告数据集和对比公司的倾向得分匹配样本,我们发现我们的会签模型支持这一预测。与同行非加速器企业相比,金融科技加速器参与者在完成项目前后的表现都较差。总体而言,我们的研究结果表明,金融科技企业不太适合加入加速器,因为目前可供选择的外部资金种类繁多,对高质量企业的参与激励作用不大。这项研究对创业者、加速器和投资者都有重要意义。
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引用次数: 0
Climate Change Exposure and Bankruptcy Risk 气候变化风险和破产风险
IF 5.6 2区 管理学 Q1 Business, Management and Accounting Pub Date : 2024-01-05 DOI: 10.1111/1467-8551.12792
Fan Feng, Liyan Han, Jiayu Jin, Youwei Li
This research documents that a firm's bankruptcy risk increases with its climate change exposure. This study further investigates the underlying mechanisms and finds that this effect is stronger for firms with lower operating cash flows or tighter financial constraints. Consistent with the agency theory of debt, the evidence suggests that improving the protection of creditor rights can mitigate the adverse impact of climate change. In addition, two distinct sets of quasi-natural experiments are exploited to establish causality and eliminate alternative explanations. Specifically, the positive effect of climate change exposure on bankruptcy risk is weaker after the 2015 Paris Agreement, which raised public awareness of climate issues, and stronger for firms headquartered in countries that are more severely affected by natural disasters. Cross-sectional analyses reveal that the main effect is more pronounced among loss firms, firms with higher levels of asset tangibility, cash flow volatility or profit volatility, and firms with worse solvency performance. Overall, the collective evidence indicates that climate change has real consequences for firm financial conditions.
这项研究表明,企业的破产风险会随着气候变化风险的增加而增加。本研究进一步探究了其背后的机制,发现这种效应对于经营现金流较低或财务约束较紧的企业更为明显。与债务代理理论相一致,证据表明,加强对债权人权利的保护可以减轻气候变化的不利影响。此外,我们还利用两组不同的准自然实验来确定因果关系并排除其他解释。具体而言,2015 年《巴黎协定》提高了公众对气候问题的认识,此后气候变化风险对破产风险的积极影响较弱,而对于总部位于受自然灾害影响更严重的国家的公司而言,这种影响则更强。横截面分析表明,主要效应在亏损企业、资产有形性、现金流波动性或利润波动性较高的企业以及偿付能力表现较差的企业中更为明显。总体而言,综合证据表明,气候变化对企业财务状况具有实际影响。
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引用次数: 0
Advancing Research Methodologies in Management: Revisiting Debates, Setting New Grounds for Pluralism 推进管理学研究方法:重温辩论,为多元化奠定新基础
IF 5.6 2区 管理学 Q1 Business, Management and Accounting Pub Date : 2024-01-03 DOI: 10.1111/1467-8551.12791
Michael Christofi, Elias Ηadjielias, Mathew Hughes, Emmanuella Plakoyiannaki

The purpose of this introduction and Special Issue (SI) is to offer a unique and timely opportunity to explore, revisit and critically examine key methodological debates and tensions with the purpose of advancing diversity and novel theorizing in the field. We join voices with the authors of the five papers of this SI to problematize taken-for-granted assumptions and research traditions and pave the way for inclusive and novel theorizing in management scholarship. We revisit four long-lasting debates that hinder methodological pluralism and diversity in management scholarship: (a) the quantitative-qualitative research divide, (b) the legitimacy of mixed-methods research, (c) the rigour versus relevance tension and (d) the lack of methodological innovation. We suggest that these debates are at least partly counterproductive because they create silos and opposing camps, thereby inhibiting an appreciation of different worldviews and collective learning. The dominance of functionalism and positivism in quantitative research and the inappropriate transfer of quantitative logics in qualitative research have led to a lack of diversity in empirical methodologies. The field's limited methodological diversity is further proliferated by a strict adherence to quality standards that have inadvertently promoted homogeneity. This introduction highlights the challenges and potential of mixed methods, which are gaining momentum owing to calls for methodological pluralism. We also call for a re-evaluation of quality standards to encourage more innovative and diverse research methodologies.

本引言和特刊(SI)旨在提供一个独特而及时的机会,探讨、重新审视并批判性地检查关键的方法论争论和紧张关系,以促进该领域的多样性和新颖理论化。我们与本特辑中五篇论文的作者一起,对那些理所当然的假设和研究传统提出质疑,为管理学术中的包容性和新颖性理论研究铺平道路。我们重新审视了阻碍管理学术方法论多元化和多样性的四个长期争论:(a) 定量研究与定性研究的分歧,(b) 混合方法研究的合法性,(c) 严谨性与相关性的矛盾,以及 (d) 方法论创新的缺乏。我们认为,这些争论至少在一定程度上适得其反,因为它们造成了各自为政和对立阵营,从而阻碍了对不同世界观的理解和集体学习。功能主义和实证主义在定量研究中的主导地位,以及定量逻辑在定性研究中的不当移植,导致实证方法缺乏多样性。对质量标准的严格遵守无意中助长了同质化现象,从而进一步加剧了该领域有限的方法多样性。本导言强调了混合方法的挑战和潜力,由于对方法多元化的呼吁,混合方法的发展势头日益强劲。我们还呼吁重新评估质量标准,以鼓励更具创新性和多样性的研究方法。
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引用次数: 0
Media Coverage and Bond Covenants: Evidence from China 媒体报道与债券契约:来自中国的证据
IF 5.6 2区 管理学 Q1 Business, Management and Accounting Pub Date : 2023-12-28 DOI: 10.1111/1467-8551.12790
Lu Deng, Pingping Jiang, Peigong Li, Wanwan Zhu
Existing studies on bond covenants have focused primarily on firm‐level factors and have largely overlooked the influence of the external environment, including the media. Furthermore, previous research on media coverage has failed to consider its impact on the bond market. This study attempts to fill these gaps by examining the impact of media coverage on bond covenants for a sample of Chinese corporate bonds from 2007 to 2017. Our findings reveal a negative relationship between media coverage and the number of bond covenants. Further analysis demonstrates that this negative impact is more pronounced for non‐state‐owned firms, in highly competitive industries, and in regions with a weak legal environment. Additionally, media coverage with a non‐negative tone leads to a reduction in the number of bond covenants. Notably, government‐controlled media exerts a more significant influence than market‐oriented media on bond covenants. Furthermore, both media coverage and bond covenants contribute to lower debt costs and are found to be interchangeable in their effects. Our analysis is robust to corrections for the endogeneity of the relationship between media coverage and bond covenants.
现有的债券契约研究主要关注公司层面的因素,在很大程度上忽视了外部环境(包括媒体)的影响。此外,以往关于媒体报道的研究也没有考虑其对债券市场的影响。本研究以 2007 年至 2017 年的中国企业债券为样本,考察了媒体报道对债券契约的影响,试图填补这些空白。我们的研究结果表明,媒体报道与债券契约数量之间存在负相关关系。进一步的分析表明,这种负面影响对于非国有企业、竞争激烈的行业和法律环境薄弱的地区更为明显。此外,非负面基调的媒体报道也会导致债券契约数量的减少。值得注意的是,政府控制的媒体比市场导向的媒体对债券契约的影响更大。此外,媒体报道和债券契约都有助于降低债务成本,而且两者的影响是可以互换的。我们的分析对媒体报道和债券契约之间关系的内生性进行了修正,结果是稳健的。
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British Journal of Management
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