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Cash flow risk and the implied cost of equity capital
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Innovation and entrepreneurship in East Asia during the digital era: post-pandemic prospects
Sea Change? Sensemaking, Firm Reactions, and Community Resilience Following Climate Disasters
Abstract
Communities around the world face increasing risks of climate disasters such as floods, hurricanes, and droughts. What drives firms’ heterogeneous responses to a climate disaster, and what could be the consequences for community resilience? To address these questions, we theorize how different aspects of sensemaking (sense of place, time, certitude, and loss) affect firm responses. Then, aided by an elaborate thought experiment – a narrative scenario of a future flood hitting the Dutch coast – we theorize how heterogeneity in firms’ initial responses can trigger sensemaking-sensegiving cycles that spiral a community towards reconstruction or unplanned retreat. Our article advances understanding of firms’ heterogenous disaster responses, the drivers of community resilience, and uncovers potential tensions between organizational and community resilience. We also contribute to sensemaking theory by relaxing the popular assumption that sensegiving requires deliberation. Finally, our article showcases how narrative scenarios of future events can expand the methodological toolkit of organization theory and points to new opportunities for future interdisciplinary work.
The Regulatory Approach of James R. Doty: PCAOB Chair 2011–2018
James R. Doty was the chair of the US Public Company Accounting Oversight Board (PCAOB) from February 2011 to January 2018. Extant research investigates the outcomes of the PCAOB's regulatory approach without examining what that approach is. This article examines two approaches to regulation: merit and disclosure. For example, the PCAOB inspection process, which focuses on remediation of deficiencies, is a form of merit regulation. A disclosure approach to regulation would focus instead on more timely disclosure of inspection findings to audit committees, investors, and other users of financial statements. The article explores the impact of Doty's regulatory approach on the direction of the PCAOB during his tenure. Under Doty, the PCAOB's approach shifted towards a more disclosure based regulatory approach and away from a merit based regulatory approach. The article is based on extensive documentary evidence as well as interviews with James Doty.
Bayesian nonparametric portfolio selection with rolling maximum drawdown control
Perceived Support and Employee Creativity: A Moderated Mediation Model of Intrinsic Motivation and Gender Stereotype
Management and Labour Studies, Volume 48, Issue 4, Page 497-513, November 2023.
With vast changes in the Indian higher education system, there is a strong need for higher educational institutes (HEIs) to learn, adapt and change. Creativity is hence deemed critical for HEIs to survive and to gain a competitive advantage. The present study examines three different types of perceived support (PS) through selected variables on employee creativity. The data collected from faculty members of three universities were analysed through structural equation modelling using the PROCESS macro approach. The results revealed significant direct influences of supervisory support and recognition on creativity. Faculty intrinsic motivation (IM) acted as a mediator in explaining the PS–creativity associations while gender stereotypes moderated the mediation effect of IM. The implications of the study for ongoing researchers and HEIs have also been discussed.
With vast changes in the Indian higher education system, there is a strong need for higher educational institutes (HEIs) to learn, adapt and change. Creativity is hence deemed critical for HEIs to survive and to gain a competitive advantage. The present study examines three different types of perceived support (PS) through selected variables on employee creativity. The data collected from faculty members of three universities were analysed through structural equation modelling using the PROCESS macro approach. The results revealed significant direct influences of supervisory support and recognition on creativity. Faculty intrinsic motivation (IM) acted as a mediator in explaining the PS–creativity associations while gender stereotypes moderated the mediation effect of IM. The implications of the study for ongoing researchers and HEIs have also been discussed.
Book review
Family Ownership and Alliance Intensity
Abstract
In this paper, we study the relationship between family ownership and corporate alliance intensity. Theoretically, we propose that the tendency of family firms to pursue socioemotional wealth objectives exacerbates the level of information asymmetry they display vis-à-vis other firms, reducing their attractiveness as alliance partners. Based on a panel of US firms, we find that family firms join fewer alliances than non-family firms. In line with our arguments, we also find that analyst and media coverage, and the presence of dedicated institutional investors mitigate the negative relationship between family ownership and alliance intensity. By highlighting the role of family ownership in alliances, we provide new insights into the debate on the ability of family firms to develop. Moreover, we contribute to research on the antecedents of alliances by introducing the role of owners’ attributes and identifying a set of mechanisms that mitigate the informational hazards that family firms present to prospective partners.
Exploring the Black and White Shades of Social Sexual Behavior at Workplace
Business Perspectives and Research, Ahead of Print.
Assertion of the word “sexual behavior” always creates a conflicting state of mind, as it is considered offensive, harassing, and harmful in nature. However, studies have determined it as an inevitable phenomenon that could be harmless and create a positive, enjoyable, and good work climate at the workplace. Considering this, the present study is aimed to determine the impact of social sexual behavior in two forms, that is, ambient sexual behavior and direct sexual behavior on various dimensions of employee wellbeing (work engagement, burnout, and job satisfaction). For the present study, 423 employees of the civil aviation industry have been surveyed working on different profiles. With the application of structural equation modeling, a statistical model has been developed and analyzed. The findings of the study have unveiled the black (negative) and white (positive) shades of social sexual behavior at the workplace. Ambient sexual behavior was found to reduce burnout among employees and enhances work engagement and job satisfaction. Further, the study has analyzed the negative relationship between direct social sexual behavior and the positive dimension of EWB (work engagement and job satisfaction). However, this relationship is found positive in concern to burnout.
Assertion of the word “sexual behavior” always creates a conflicting state of mind, as it is considered offensive, harassing, and harmful in nature. However, studies have determined it as an inevitable phenomenon that could be harmless and create a positive, enjoyable, and good work climate at the workplace. Considering this, the present study is aimed to determine the impact of social sexual behavior in two forms, that is, ambient sexual behavior and direct sexual behavior on various dimensions of employee wellbeing (work engagement, burnout, and job satisfaction). For the present study, 423 employees of the civil aviation industry have been surveyed working on different profiles. With the application of structural equation modeling, a statistical model has been developed and analyzed. The findings of the study have unveiled the black (negative) and white (positive) shades of social sexual behavior at the workplace. Ambient sexual behavior was found to reduce burnout among employees and enhances work engagement and job satisfaction. Further, the study has analyzed the negative relationship between direct social sexual behavior and the positive dimension of EWB (work engagement and job satisfaction). However, this relationship is found positive in concern to burnout.