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Labour market mismatches in G7 countries: a fractional integration approach
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The dynamic quantile approach for VaR estimation: empirical evidence from Indonesia banking industry
Environmental Context and Organizational Aspiration Determination
Abstract
This research develops an attention-based, environment-inclusive model of organizational aspiration determination. The behavioural view embraces that organizations determine aspirations based on three reference points: past aspiration, past performance, and social reference group performance. We build hypotheses to explain how environmental munificence, dynamism, and complexity shape organizational attention allocation among these three reference points. Using data on US publicly traded firms (2006–16), we find that organizations, when determining sales aspirations, allocate (1) more attention to past aspiration and social reference group performance but less attention to past performance in more munificent environments; (2) more attention to past performance and social reference group performance but less attention to past aspiration in more dynamic environments; and (3) more attention to past performance but less attention to past aspiration and social reference group performance in more complex environments. Overall, we contribute to aspiration research by explicitly theorizing a previously understudied contingency, using direct aspiration measures from a wide range of industries, and providing evidence that organizations’ attention allocation rules are regulated by the external environment when determining aspirations.
Emotional Expression between CEO and Chairperson as a Micro‐Foundation of Organizational Capabilities: An Exploratory Mixed Methods Study
Abstract
The work relationships between CEOs and Chairpersons are key to the functioning of the firm. This study uses survey and interview data to explore how these work relationships serve as a micro-foundation for an organization's communication climate. Survey data suggested that CEO-Chairperson relationships can be characterized by emotional carrying capacity (ECC; constructively expressing more positive and negative emotions). The survey-based model further demonstrated that CEOs and Chairpersons perceive their ECC to positively predict organizational communication climate and, in turn, knowledge creation capabilities. The latter, in turn, are positively associated with firm performance. CEO-Chairperson dyadic interview data supplemented the associations identified in our survey model. Interviewees identified specific mechanisms behind the associations in the survey model, such as the strategic sharing of positive and negative emotions. Our mixed-methods approach provides initial evidence for the importance of emotional expression and management as micro-relational foundations that underpin firm-level capabilities and performance.
ESG Information Disclosure, Stock Price Informativeness and Corporate Digital Transformation
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Convergence of Chinese urban carbon marginal abatement cost
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Does technological progress, capital, labour, and categorical economic policy uncertainty influence unemployment? Evidence from the USA
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The effects of parents’ gender stereotypes on children’s maths performance
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The effect of corporate Twitter, Instagram and YouTube activity on investor attention and market liquidity
Abstract
Using daily-level data on corporate social media activity, we show that investor attention generally increases when firms post on Twitter, Instagram and YouTube and that the effect is stronger during earnings announcement periods. We find that stock market liquidity improves when firms post on social media, but the effects are the most consistent for Twitter. Finally, we document that when firms miss earnings, they post more on social media if the magnitude of the bad news is small but remain silent when the magnitude is large. This strategic behaviour is prevalent across all three social media platforms.