Does Social Capital Enhance Stock Liquidity? An Investigation of the Resilience of the Trading Environment During a Crisis of Trust

We investigate whether social capital and trust provide a form of liquidity/trading resilience, more specifically, whether social capital and trust played a role in the speed of stock recovery following activation of the market-wide circuit breaker (MWCB) that occurred at the beginning of the COVID-19 pandemic in March 2020. Our finding that high-social capital firms rebounded more swiftly in terms of stock liquidity and quality of the stock trading environment provides new evidence that social capital and trust can safeguard firms’ stocks against a potential liquidity drain and rapid deterioration in the stock trading environment under extreme market conditions.

Caught in a Landslide? Exploring how Far the Increasing Focus on Big Data Benefits or Damages Theoretical Development in Management Studies

Abstract

The author teams in this Point-Counterpoint (PCP) put forward contrasting views regarding the benefits – or otherwise – of using commercially generated corporate ‘big data’ algorithms to inform scholarly research. In this editorial, I reflect on the lines of reasoning for, and against, whether such data offers a reliable means of building new theory. Are academics who refuse to mine and analyse corporately owned big data taking sensible steps to manage scholarly integrity? Or are they Luddites? I invite readers to consider these timely and provocative PCP articles and to consider the implications, for management studies, of the key arguments presented.

Critical Management Studies: A Critical Review

Abstract

In this paper, we review the development of critical management studies, point at problems and explore possible developments. We begin by tracing out two previous waves of critical management studies. We then focus on more recent work in critical management studies and identify ten over-arching themes (Academia, alternatives organizations, control and resistance, discourse, Foucauldian studies, gender, identity, Marxism, post-colonialism, and psychoanalysis). We argue that CMS has largely relied on one-dimensional critique which focused on negation. This has made the field increasingly stale, focused on the usual suspects and predictable. We identify a number of problems calling for critique and rethinking. We label these author-itarianism, obscurantism, formulaic radicalism, usual-suspectism and empirical light-touchism.