Journal of Management Studies最新文献

Past studies indicate that investors perceive workforce downsizing negatively, as evidenced by negative short-term stock returns around downsizing announcements. Impression management theory suggests that downsizing firms thus attempt to offset investors’ negative impressions by issuing positive news around downsizing announcements, and that firms’ impression offsetting can attenuate investors’ negative response. In this study, we test these theoretical predictions but also unpack why and how impression offsetting positively biases investor perceptions. Prior work theorized that impression offsetting is effective because it dilutes investors’ attention and compels them to average positive and negative news items in their minds but did not clarify whether both causal mechanisms are operative, and which one is more powerful. We posit that impression offsetting influences investor response primarily by forcing them to mentally average positive and negative news. Further, our study provides a more nuanced understanding of investors’ mental averaging process. While prior work assumed that all types of positive news are received equally by investors, we argue that positive financial news offsets investors’ negative impressions more effectively than positive operational or social news. The empirical analysis of nearly 1500 downsizing announcements by the largest, public US firms between 2001 and 2020 mainly supports our theoretical reasoning.

Research on innovation ecosystems has identified their evolution phases but neglected their emergence, which we know little about. We offer inductive theory to explain the emergence of the nanotechnology ecosystem in Israel. Our theory suggests that ineffective bureaucracy, resource constraints, and the conflicting agendas of the government and universities create organizational bottlenecks that impede the ecosystem's emergence. Only once these actors establish related dedicated units that are immune to these deficiencies and transition to simultaneous competition and cooperation does the innovation ecosystem begin to emerge. We further reveal how enabling and governing mechanisms legitimize the innovation ecosystem, facilitate its emergence, and direct its evolution trajectory. Hence, we extend research that has centered on subsequent phases of evolution and explain how actors interact to facilitate the emergence of the ecosystem following technological discovery. Our study contributes to strategy research on interfirm coopetition by applying this concept to government and university actors, and by alluding to its multiple facets: identity, direction, administration, and resources. We also complement innovation research on the post-formation dynamics of ecosystems by providing insights into the missing link between technological discovery and the creation of an innovation ecosystem that brings together stakeholders to commercialize that technology.

In this paper, we conceptualize CEO passion for organizational development (CEO POD) as CEOs’ strong inclination to continuously grow and improve their companies, which they find important and fulfilling. We draw from social information processing theory to articulate how and when CEO POD may trickle down to facilitate frontline employees’ creativity. Our research encompasses three studies employing different methodologies, including a multilevel, multisource, and multiphase survey and two vignette-based experiments. The results consistently support our model, revealing that CEO POD inspires middle managers to exhibit transformational leadership, which subsequently fosters frontline employees’ creativity. Moreover, CEO self-promotion skills augment the indirect effect of CEO POD on employee creativity via middle managers’ transformational leadership. Our findings generate valuable theoretical and practical implications to leverage CEO POD to foster employees’ creativity in the fast-changing business environment.

Global strategy cannot be fully understood without consideration of dynamic capabilities (DCs). This is because the three key constituents of DCs – the sensing and seizing of opportunities and the reconfiguration of the resource base – are essential preconditions for strategy development, within nations and cross-border. We investigate the aspects of DCs that are most suitable for global strategy and those that need to be revisited and developed. We discuss theory and evidence on DCs and global strategy, present a systematic literature review, compare theory and evidence, and identify gaps between the two as well as opportunities to align them more closely and to develop both. To help guide future research, we develop a novel conceptual framework and provide suggestions for more theory-congruent empirical research.

Despite growing interest in time, history, and memory, we lack an understanding of the multi-temporal reality of organizations – how past, present, and future intersect to inform organizational life. In assuming that legacies are bequeathed from past to present, there has been little theorization on how this works practically. We propose that the lexicon of the ghostly can help. We contribute a theory of ghostly influence from past to future by offering a framework focusing on core moments of organizational existence: foundation, strategic change, and longevity commemoration, and illustrate this using a case study of consumer goods multinational Procter & Gamble (1930–2010). In showing that organizational ghosts, absent members whose presence is consequential to the actions of living members, are active and dialogical, we illuminate a dialectical interaction missing from other non-linear conceptions of temporality. This emphasizes the performative force of a dynamic past that provides an inference to action in the present and future.