We examine whether greater board diversity is associated with more diverse workforce hiring, more equitable pay practices, and more inclusive corporate cultures. Using a variety of quasi-experimental designs, we document increases in managerial and staff diversity in the years following a...

This study examines the impact of investors’ site visits on the pricing of bond issues using data from the Shenzhen Stock Exchange-listed companies’ bonds issued from 2014 to 2020. Our investigation reveals a significant correlation between investors’ site visits and a lower bond spread,...

Theory suggests cultural proximity between the CEO and the board of directors can play a crucial role in shaping CEO-board dynamics. Using novel data, we measure the cultural proximity between CEOs and directors of US S&P 1500 firms based on their first and last names. We document that CEO-board...

Upward influencers, employees that are more favorably perceived by their supervisors than their peers and subordinates, are predicted by economic and accounting theories and are found to be ubiquitous in many organizations. Despite their prevalence, whether having them in teams can impact team...

Gamified training is a novel management control system in which companies use gamification techniques to engage and motivate employees to learn. This study empirically examines the performance consequences of gamified training using data from a natural field experiment in a professional services...

Organizations often empower employees at all levels to propose innovation ideas that rely on their first-hand knowledge of their standard task (i.e. employee-initiated innovation). Many, however, struggle with motivating employees to develop innovative ideas that may benefit the firm, especially...

We study whether and how new CEOs reshape their organizations by increasing the firm’s “organizational capital.” We develop and externally validate a novel measure of organizational capital using a word-embedding model. We decompose organizational capital into four dimensions (i.e.,...

Purpose – The paper aims to explore how the undue state control leads to the weak stock market in China. It analyzes how the undue state control is exerted in some key areas in the Chinese stock market. This paper intends to expand the existing literature in the relationships among law,...