We propose that CEOs are more likely to engage in financial misconduct after the media names them as being among best business leaders. theorize this occurs because winning such an award is a meaningful event increases CEO’s self-worth but also sense of psychological entitlement, including freedom break rules. test our ideas by examining scenarios where award-winning feel especially entitled and therefore most commit misconduct. Using sample from Chinese publicly listed firms, we find...

We attempt to provide a novel antecedent of corporate social responsibility (CSR) by focusing on the role CSR awards. Specifically, we investigate how competitors’ winning awards incentivize non-winning firms’ as competitive catch-up. Using difference-in-differences research design, find that non-winners improve their after competitors have won Furthermore, based awareness-motivation-capability (AMC) framework from dynamics literature, media visibility award winners, performance gap with and...

Abstract Research Question/Issue This study attempts to uncover a hidden benefit of shareholders' excess control rights in family firms by examining whether can reduce the likelihood financial misconduct firms, compared with nonfamily firms. Findings/Insights We argue that are especially useful for family‐owned other types ownership, preventing misconduct. They afford owners ability guard against damage founder's legacy and family's socioemotional wealth. also investigate two boundary...

Abstract Employee ownership is an important governance tool used to encourage employee participation and enhance productivity, but we know little about what encourages ownership. This study investigates the influence of chief executive officer (CEO) positive framing in public speeches on We propose that CEO can increase when employees internalize CEOs' beliefs firms' accomplishments prospects. Using a sample 664 U.S. listed firms from 2002 2018, find increases In addition, stock purchasing...

This study proposes that firms witnessed competitors' winning corporate social responsibility (CSR) awards will experience an upward comparison, which can motivate them to undertake intensive CSR activities in the post-award period. The influence of witnessing on focal firms' intensity is stronger when have high similarity with award- firms. Our findings also show conducted by after post- award period give rise higher performance compared same pre-award Using a sample competitors, we find...

Purpose Notwithstanding its significance as a form of strategic human capital investment, employee training has not yielded consistent conclusions among scholars regarding impact on organizational performance. Some studies deem it effective, while others regard ineffective. We contend that distinct types various facets firm Design/methodology/approach In this study, we categorize either exploitative or explorative. Specifically, examine their two aspects performance: short-term performance...

Abstract The quest to build and expand a firm's human capital is key driver for mergers acquisitions (M&As), but acquiring firms often face the threat of losing their targets' employees in post‐M&A period. This particularly true high‐tech M&As, as especially important industries. Because non‐executive employee ownership can incentivize invest firm‐specific capital, reducing likelihood that will leave, we argue when screening potential M&A targets, are more likely target...

Employee stock ownership plans (ESOPs) can increase employee productivity and improve firm performance, but we know little about what encourages participation in ESOPs. This study investigates the influence of CEO positive framing public speeches on when employees internalize CEOs’ beliefs firms’ accomplishments prospects, also decrease question credibility framing. Using a sample 3,144 U.S. listed firms from 2002 to 2013, find that increases In addition, internal attributions (“who”) weaken...

Set in the context of transitional China, which was characterized by market fragmentation, this study examines whether geographic diversity large shareholders (GDLS) may represent a widening horizon firm's strategy and consequently improve firm performance. Drawing from organization theories, we provide alternative sets hypotheses for understanding GDLS behavior. Our empirical analysis based on 798 listed firms China 2003-2013. Results show that is positively related to performance as...

Despite being an important type of strategic human capital investment, employee training has not received consistent conclusions from scholars about its implications for organizational performance. In this study, we categorize as either exploitative or explorative depending on whether the expands firm's scope knowledge and explore different effects two types aspects performance, short-term performance long-term competence. Using a quasi-experimental setting difference-in-differences (DID)...

The mainstream research commonly considers perquisite consumption of top management team (TMT) as an agency cost, but some scholars insist on its rationality and call for exploration potential benefits. This study attempts to investigate the effect TMT a firm’s R&D investment. We propose that can promote information exchange motivate executives increase Using sample 3,572 Chinese listed firms from 2008-2021, we find positive investment, such is stronger when have urgent needs gathering. In...

We attempt to provide a novel view of the antecedent selective engagement between external and internal CSR firms. Specially, we investigate influence becoming celebrity (e.g., winning CEO award) on CEO’s intention conduct corporate philanthropy (i.e., CSR) or employee-related CSR). find that, after celebrity, CEOs will more because they maintain their social status among audience; do less an award has already established legitimacy inside firm so that feel unnecessary CSR. Furthermore,...