In this article, we study the impact of implementing corporate social responsible (CSR) practices on firms' inventory policy. We propose that there is an inverted U-shaped relationship between firms' CSR and their inventory levels. Two elements explain such a proposal. First, stakeholders have...

In this article, we empirically assess the impact of corporate ethical identity (CEI) on a firm's financial performance. Drawing on formulations of normative and instrumental stakeholder theory, we argue that firms with a strong ethical identity achieve a greater degree of stakeholder...

Research summary: Building on the comparative capitalism's notion of institutional complementarities, we examine whether firms' simultaneous adoption of managerial entrenchment provisions (MEPs) and corporate social responsibility (CSR) activities reinforces or undercuts one another in...

In this study, we examine the existence and performance of cognitive groups. In accordance with the attention-based view of managerial cognition, cognitive groups are defined as groups of firms in which the CEOs focus their attention on similar strategic elements when seeking to maximize their...

Research is a key determinant of health improvement. However, there is little empirical evidence showing how the research conducted in hospitals affects healthcare outcomes. To address this issue, we used panel data of 189 Spanish public hospitals over the period 1996–2009 to estimate the...

We investigate the role of segment disclosure, as a corporate governance mechanism, in enhancing investment efficiency, and whether and how corporate governance mechanisms ameliorate or exacerbate under-investment and over-investment problems. Using a large US sample for the period 2001-2006, we...