Public corporations often appoint external former founders to their boards in hope that they will encourage a (re‐)focus on creating future new business. Seeking to investigate this common practice, we integrate upper echelons theory with imprinting theory, arguing that founding a company...

Why are some firms more resilient when systemic shocks like the Global Financial Crisis (GFC) or COVID‐19 pandemic set in? We approach this question by arguing that a firm's pre‐shock strategic emphasis on innovation can mitigate the consequences of such shocks by facilitating stability and...

Human capital theory establishes that the human capital gained in prior work experience, such as in traditional corporations, is associated with subsequent entrepreneurial success. However, this perspective does not accommodate increasingly boundaryless careers, during which individuals switch...

Research on functional members of top management teams (TMTs) has increasingly drawn interest to the strategic management field over the past few years. Studies have documented the rise of the chief financial officer (CFO) to pivotal importance and considerable power within the organization. By...

This article embarks on ethical trade-offs at the sustainability/finance interface by contrasting shareholders' interest in short-term financial returns with society's interest in counteracting ecological and social grievances. Scrutinizing share repurchases, we investigate a firm's communicated...

Avoiding bankruptcy is a crucial task for any firm's top management team (TMT), and reasons for the failure to accomplish it have long been studied. While financial metrics can predict near-term bankruptcy, governance characteristics increase precision in the long term. With TMT heterogeneity,...

Implementation intentions, as conceptualized in the Rubicon model of action phases, facilitate the initiation of intended action. As a self-regulatory strategy, implementation intentions avoid the shortcoming of intention models (i.e., theory of planned behavior), which are able only partially...

The ethical behavior prevalent in an organization often determines business success or failure. Much research in the business context has scrutinized ethical behavior, but there are still few insights into its roots; this study furthers this line of inquiry. In line with identity work theory, we...

Academics and practitioners emphasize the rising importance of Chief Human Resource Officers (CHROs). CHROs act as heads of staff—they motivate the personnel and offer guidance. This study helps clarify the impact of increasingly relevant CHROs and reveals how their company and role tenure...