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shift risk to employees and aggravates stakeholder conflicts …
Persistent link: https://www.econbiz.de/10014235813
This study examines the impact of information environment in capital markets on a firm’s stakeholder paradigm. We … integrate research on time horizons with stakeholder theory to unravel both the choice between shareholder diagram and … stakeholder diagram, and the choice between generic and strategic stakeholder focus. We argue that, a shareholder …
Persistent link: https://www.econbiz.de/10013294715
Takeover speculation may hurt productivity because uncertainty and threat of job loss cause anxiety, distraction, and reduced collaboration and morale among employees. Using a large panel of OECD-headquartered firms, we show that firm productivity temporarily declines after announcements of...
Persistent link: https://www.econbiz.de/10012815679
Speculative news on corporate takeovers may hurt productivity because uncertainty and threat of job loss cause anxiety, distraction, and reduced collaboration and morale among employees and managers. Using a panel of OECD-headquartered firms, we show that firm productivity temporarily declines...
Persistent link: https://www.econbiz.de/10014001218
Takeover speculation may hurt productivity because uncertainty and threat of job loss cause anxiety, distraction, and reduced collaboration and morale among employees. Using a large panel of OECD-headquartered firms, we show that firm productivity temporarily declines after announcements of...
Persistent link: https://www.econbiz.de/10012816126
Speculative news on corporate takeovers may hurt productivity because uncertainty and threat of job loss cause anxiety, distraction, and reduced collaboration and morale among employees and managers. Using a panel of OECD-headquartered firms, we show that firm productivity temporarily declines...
Persistent link: https://www.econbiz.de/10014234328
We examine whether the variation in the individualism-collectivism dimension within the U.S. affects labor investment efficiency. Using the collectivism index developed by existing literature, we find that firms headquartered in collectivist states are more likely to deviate from the optimal...
Persistent link: https://www.econbiz.de/10014350529
This study documents corporate culture at the time of IPO and the relationship between corporate culture at the time of IPO and firm financial performance. Based on a sample of 1,157 US firms that went public between 1996 and 2011 and performance information through 2016, the data provide strong...
Persistent link: https://www.econbiz.de/10014350940
We formulate a theory on the interplay between the scope and levels of board diversity and innovation to generate three main insights. First, we theorize that diversity in scope (gender, age, type of experience, and type of expertise) facilitates innovation, particularly in industries...
Persistent link: https://www.econbiz.de/10012918878
This study documents corporate culture at the time of IPO and the relationship between corporate culture at the time of IPO and firms' financial performance. Based on a sample of 1,355 US firms that went public between 1996 and 2011 and performance information to 2016, the data indicate strong...
Persistent link: https://www.econbiz.de/10012899867