{"title":"Peers’ performance and sensitivity of investment to peers’ stock price: Examining the moderating role of CEO overconfidence","authors":"Rong Gong","doi":"10.1016/j.jbusres.2024.114948","DOIUrl":"10.1016/j.jbusres.2024.114948","url":null,"abstract":"<div><div>This study explores how firms adjust their investment based on their peers’ stock prices. I theorize that peer firms with superior performance are more influential on focal firms, which makes firms’ investments more sensitive to the stock prices of good-performing peer firms than to the stock prices of poor-performing peer firms. Meanwhile, overconfident CEOs are more likely to choose firms with better performance as their peer firms and adjust their investments based on the stock prices of good-performing peers. The empirical results show that a firm’s investments are more responsive to the stock prices of good-performing peers than to those of poor-performing peers, particularly among firms with overconfident CEOs. The results suggest that CEO overconfidence affects peer group selection.</div></div>","PeriodicalId":15123,"journal":{"name":"Journal of Business Research","volume":"186 ","pages":"Article 114948"},"PeriodicalIF":10.5,"publicationDate":"2024-09-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142319522","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Rags to riches or falling from grace: Gestalt characteristics of income mobility, core self-evaluations, and career success","authors":"Andrew C. Loignon , David J. Scheaf","doi":"10.1016/j.jbusres.2024.114978","DOIUrl":"10.1016/j.jbusres.2024.114978","url":null,"abstract":"<div><div>Despite the importance of one’s income, we know very little about the organizational consequences of changes in this critical socioeconomic resource. Based on gestalt characteristics theory, we test predictions about how key features of one’s income mobility experiences over their lifespan contribute to core self-evaluations. Based on a national, longitudinal sample from the United States consisting of over 12,000 people, we consistently find that several theoretical features of an income mobility trajectory (i.e., beginning, end, peak, slope, and variability) predict one’s core self-evaluations, which subsequently predicts several measures of career success. Our findings extend recent research by demonstrating that resources, like income, are not static but are quite malleable. People often experience going from “rags to riches” or “falling from grace” by relying on key features of these experiences. Our results also show how these resources contribute to core aspects of one’s psychology.</div></div>","PeriodicalId":15123,"journal":{"name":"Journal of Business Research","volume":"186 ","pages":"Article 114978"},"PeriodicalIF":10.5,"publicationDate":"2024-09-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142324215","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Xiadan Zhang , Jie Wang , Xiushuang Gong , Siqi Cheng
{"title":"Avoiding attention: The impact of embarrassment on preference for low-saturation design","authors":"Xiadan Zhang , Jie Wang , Xiushuang Gong , Siqi Cheng","doi":"10.1016/j.jbusres.2024.114900","DOIUrl":"10.1016/j.jbusres.2024.114900","url":null,"abstract":"","PeriodicalId":15123,"journal":{"name":"Journal of Business Research","volume":"186 ","pages":"Article 114900"},"PeriodicalIF":10.5,"publicationDate":"2024-09-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142319510","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Mehdi Mourali , Dallas Novakowski , Ruth Pogacar , Neil Brigden
{"title":"Post hoc explanations improve consumer responses to algorithmic decisions","authors":"Mehdi Mourali , Dallas Novakowski , Ruth Pogacar , Neil Brigden","doi":"10.1016/j.jbusres.2024.114981","DOIUrl":"10.1016/j.jbusres.2024.114981","url":null,"abstract":"<div><div>Algorithms are capable of assisting with, or making, critical decisions in many areas of consumers’ lives. Algorithms have consistently outperformed human decision-makers in multiple domains, and the list of cases where algorithms can make superior decisions will only grow as the technology evolves. Nevertheless, many people distrust algorithmic decisions. One concern is their lack of transparency. For instance, it is often unclear how a machine learning algorithm produces a given prediction. To address the problem, organizations have started providing post-hoc explanations of the logic behind their algorithmic decisions. However, it remains unclear to what extent explanations can improve consumer attitudes and intentions. Five experiments demonstrate that algorithmic explanations can improve perceptions of transparency, attitudes, and behavioral intentions – or they can backfire, depending on the explanation method used. The most effective explanations highlight concrete and feasible steps consumers can take to positively influence their future decision outcomes.</div></div>","PeriodicalId":15123,"journal":{"name":"Journal of Business Research","volume":"186 ","pages":"Article 114981"},"PeriodicalIF":10.5,"publicationDate":"2024-09-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142319511","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"An agency perspective on organizational responses to institutions: A problematizing review of emerging market firms’ responses","authors":"Irina Mihailova , Liudmyla Svystunova","doi":"10.1016/j.jbusres.2024.114975","DOIUrl":"10.1016/j.jbusres.2024.114975","url":null,"abstract":"<div><div>There is an important debate on the role of institutional structures vs. organizational agency in shaping firms’ responses to institutions. The theorizing on this topic has largely been developed in stable institutional environments, and research in other contexts is required to further inform this debate. We undertake a problematizing literature review of emerging market (EM) firms’ responses to institutions to advance the conceptualization of organizational agency in EM firms’ responses and to expand the scope of existing research. First, we assess theoretical developments on organizational responses and propose a multidimensional framework distinguishing between organizational agency toward institutions and organizational agency toward the attainment of organizational strategic goals. Second, we critically examine empirical research discussing EM firms’ responses to institutions, applying our framework to assess how this research reports EM firms’ enactments of agency in their responses. We contribute to the organizational behavior literature and the institution-based view of strategy.</div></div>","PeriodicalId":15123,"journal":{"name":"Journal of Business Research","volume":"186 ","pages":"Article 114975"},"PeriodicalIF":10.5,"publicationDate":"2024-09-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S014829632400479X/pdfft?md5=c3c3fcacb9e5c1729065c0f2ac6a2037&pid=1-s2.0-S014829632400479X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142312368","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Enacting ‘true business sustainability’ − Market shaping for environmental impact","authors":"Mariia Syväri , Jaana Tähtinen , Sini Nordberg-Davies","doi":"10.1016/j.jbusres.2024.114949","DOIUrl":"10.1016/j.jbusres.2024.114949","url":null,"abstract":"<div><div>Market-shaping research on firms’ efforts to transform markets for environmental aims is scarce and limited to incumbent actors’ efforts to replace existing technologies with more sustainable alternatives. While important, these studies implicitly adhere to the ‘business case for sustainability’ approach, in which CSR is harnessed to facilitate profitability and competitive advantage. We offer a new perspective by examining market shaping explicitly aimed at inducing environmental impact. Using the lens of for-profit hybrid firms, which enact a ‘true business sustainability’ approach by blending environmental impact goals with commercial objectives, we explore the case of a hybrid shaping an existing EU regulation-born ‘sustainability market’ built around the Guarantees of Origin for renewable electricity. We contribute to the contextual understanding of market shaping for sustainability by presenting a model of firm-level market shaping for environmental impact, unfolding through six intertwined processes inherently connected to the organization’s development.</div></div>","PeriodicalId":15123,"journal":{"name":"Journal of Business Research","volume":"186 ","pages":"Article 114949"},"PeriodicalIF":10.5,"publicationDate":"2024-09-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0148296324004533/pdfft?md5=8996b2f67241c52cb3c9af496acf547a&pid=1-s2.0-S0148296324004533-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142311841","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Come and take it: Patenting pedigree and tenacity, takeover defenses, and patent valuation in post-IPO firms","authors":"Pankaj C. Patel, Maria João Guedes","doi":"10.1016/j.jbusres.2024.114973","DOIUrl":"10.1016/j.jbusres.2024.114973","url":null,"abstract":"<div><div>Drawing on the appropriability–appropriation framework and signaling theory, we hypothesize that post-IPO firms with higher patent quality use takeover defenses as levers to signal a willingness to allow appropriation through acquisitions. In a sample of 635 post-IPO firms with 56,605 patent approvals (1998–2014), if post-IPO firms secure approval for a high pedigree patent (cutting edge technology) or obtain a longer grant lag (tenacity), the stock market reaction is positive (negative) when anti-takeover defenses are lowered (raised) from the previous year. The findings carry implications for the appropriability–appropriation strategies of post-IPO firms and the merit of reducing takeover defenses for these firms.</div></div>","PeriodicalId":15123,"journal":{"name":"Journal of Business Research","volume":"186 ","pages":"Article 114973"},"PeriodicalIF":10.5,"publicationDate":"2024-09-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0148296324004776/pdfft?md5=6230e3fd81874d76399c1918b63ff33d&pid=1-s2.0-S0148296324004776-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142311842","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Is digitalization necessary? Configuration of supply chain capabilities for improving enterprise competitive performance","authors":"Ning Li , Qi Yao , Hongjuan Tang , Ying Lu","doi":"10.1016/j.jbusres.2024.114972","DOIUrl":"10.1016/j.jbusres.2024.114972","url":null,"abstract":"<div><p>The advent of the digital economy era has provided significant opportunities to establish new supply chain networks. However, many manufacturing enterprises struggle to effectively allocate their digital and non-digital supply chain resources. This study explores the interplay between digital supply chain capabilities (DSCCs) and traditional supply chain capabilities (TSCCs) and analyzes combinations of these supply chain capabilities that can enhance enterprise competitive performance (ECP). Based on a qualitative comparative analysis of 221 cases of manufacturing enterprises, the study reveals three capability configurations leading to high ECP: non-digital, TSCCs-centered, and DSCCs- and TSCCs-balanced. The findings indicate that for most firms, digitalization is an important factor, and they achieve high ECP with the DSCCs- and TSCCs-balanced capability configuration; however, some small and medium enterprises (SMEs) in particular industries can also enhance ECP without digitalization when their TSCCs are high.</p></div>","PeriodicalId":15123,"journal":{"name":"Journal of Business Research","volume":"186 ","pages":"Article 114972"},"PeriodicalIF":10.5,"publicationDate":"2024-09-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142274001","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"How does perceived overqualification beget workplace incivility? A moderated mediation model based on Kahn’s framework","authors":"Pei Liu , Yuting Mu , Xin Li","doi":"10.1016/j.jbusres.2024.114961","DOIUrl":"10.1016/j.jbusres.2024.114961","url":null,"abstract":"<div><p>We introduce a comprehensive framework to investigate the influence of perceived overqualification (POQ) on workplace incivility. Building upon Kahn’s theoretical framework for engagement, our study proposes that POQ hinders the fulfillment of three psychological conditions—specifically, psychological meaningfulness, psychological safety, and emotional exhaustion—thereby impacting the emergence of instigated incivility in the workplace. Moreover, we hypothesize varying contributions of these psychological conditions in elucidating the relationship between POQ and instigated incivility. Notably, psychological menaingfulness and emotional exhaustion are likely to provide more substantial explanations for POQ-incivility relation. Additionally, we posit that ethical leadership plays a pivotal role in mitigating the detrimental effects of POQ on instigated incivility. Through the implementation of two multi-wave and multi-level field studies, along with an experiment, our hypotheses were supported. This research not only advances the theoretical comprehension of POQ but also carries substantial implications for addressing both POQ and workplace incivility.</p></div>","PeriodicalId":15123,"journal":{"name":"Journal of Business Research","volume":"186 ","pages":"Article 114961"},"PeriodicalIF":10.5,"publicationDate":"2024-09-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142274000","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Paola Bellis , Roberto Verganti , Federico Paolo Zasa
{"title":"Who drives the creation of a novel vision? The role of individual insights and the ability of “letting go”","authors":"Paola Bellis , Roberto Verganti , Federico Paolo Zasa","doi":"10.1016/j.jbusres.2024.114977","DOIUrl":"10.1016/j.jbusres.2024.114977","url":null,"abstract":"<div><p>This study investigates how novel product visions emerge as team members share and fuse their insights. Existing studies contrast the merits of two possible paths. On the one hand, a vision is mainly conceived by the creative lead, putting forward a direction and then buying-in ownership of the other team members. On the other hand, a vision emerges as a balanced collaborative effort where all team members contribute. Through the sensemaking theoretical lens, we expand this discussion by proposing that regardless of who the main driver of innovation is, what is important in vision creation is the individual’s ability of “letting go” of early insights, namely sense-breaking. We analyze the vision creation dynamics of 26 top management teams. We capture how the verbal descriptions of a vision change from individual insights to a shared concept. We show how “letting go” of earlier creations is as important as adding new ones.</p></div>","PeriodicalId":15123,"journal":{"name":"Journal of Business Research","volume":"186 ","pages":"Article 114977"},"PeriodicalIF":10.5,"publicationDate":"2024-09-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0148296324004818/pdfft?md5=37c7a8c5a7c99d2c8c2bada8961ba237&pid=1-s2.0-S0148296324004818-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142273999","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}