AARN: Corporations (Topic)最新文献

{"title":"The Pandemic, Gender, and (Firm) Performance","authors":"Vaibhav Keshav","doi":"10.2139/ssrn.3930255","DOIUrl":"https://doi.org/10.2139/ssrn.3930255","url":null,"abstract":"Do corporate financial decisions made by female executives differ from that of male executives? We try to answer the question by using firm-level data. We identify few critical differences between corporations run by gender-homogeneous versus gender-heterogeneous executive boards using a unique instrumental variable. First, the firms run by heterogeneous groups issue less debt. Second, the heterogeneous boards experience positive asset growth. However, there is no significant difference between the two groups when making an acquisition, market leverage, and equity issuance decisions. These results are robust to industry-level fixed effects, an alternative definition of the gender diversity of a corporate board, and whether a firm has a female CEO. When faced with uncertainty related to the pandemic, both groups make similar decisions regarding capital structure and corporate investment. The results of this study point to the ‘Male Executive Overconfidence’ theory in financial economics.","PeriodicalId":261576,"journal":{"name":"AARN: Corporations (Topic)","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120822509","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Direct Democracy, Corporate Political Strategy, and Firm Value","authors":"Rüdiger Fahlenbrach, A. Ovtchinnikov, Philip Valta","doi":"10.2139/ssrn.3801024","DOIUrl":"https://doi.org/10.2139/ssrn.3801024","url":null,"abstract":"We analyze a novel data set of corporate contributions to ballot initiatives and referendums at the U.S. state level. Firms make significant contributions to ballot measures in favor of or against specific initiatives. Firms that contribute to successful (failed) direct initiated state initiatives exhibit significantly positive (negative) CARs around the election. They also experience significant sales, investment, and net income growth in the two years following the passage of important ballot measures. The results suggest that ballot measure spending represents a distinct and economically important dimension of firms’ political strategy with important consequences for firm value and real activity.","PeriodicalId":261576,"journal":{"name":"AARN: Corporations (Topic)","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131499366","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Business and Human Rights in India","authors":"V. Kalyani","doi":"10.2139/ssrn.3866778","DOIUrl":"https://doi.org/10.2139/ssrn.3866778","url":null,"abstract":"This study brings the practical reflection on the business and human rights context in India. When it comes Indian policy and legislation, it was always slow and unjust place and permits no strict law and order towards the victim and supports the interest of oppressors. After 2011, India has not taken steps use the guidelines in the business sectors nor by any business sectors. It was possible only by few civil society and international brands. India has not achieved any development in the recent past by publish in the global picture in BHR area. This paper is limited with the Indian business sectors operated by International companies alone. India needs big intervention and implementation to understand the labor input in their profit. This paper has analyzed in three perspective between national, business sectors and Civil societies of both Indian and International responsibilities.","PeriodicalId":261576,"journal":{"name":"AARN: Corporations (Topic)","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126354722","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The impact of cultural differences and group influence on the escalation of commitment","authors":"Richard J. Fairchild, Muhamad Chahrour","doi":"10.2139/ssrn.3825645","DOIUrl":"https://doi.org/10.2139/ssrn.3825645","url":null,"abstract":"One of the most challenging decisions that a manager has to take is whether or<br>not to abandon a project which is not going well. Previous studies have looked at<br>different reasons for why individuals perserve with a troubled project. What the<br>previous research has failed to consider is how cultural differences might affect decision-makers’ willingness to continue or abandon a project. To better understand the factors<br>that might cause escalation of commitment, this dissertation investigates the influence<br>of cognitive factors and cultural differences on the escalation dynamics. Since most<br>decisions in the business world are made in groups, differences between individual and<br>group decisions are analysed as well. Overall, the findings indicate the salience of<br>certain cognitive factors in escalation behaviour, as previous researchers have found.<br>In addition, this study found that cultural differences can also affect the decision to<br>continue or abandon a project. Concerning the differences between the individual<br>and the group decisions, these results suggest that in terms of some determinants,<br>individuals from all cultures act the same, while with other factors the predisposition to<br>escalate depends on a person’s cultural background. The implications of these results<br>and different recommendations for both practice and further research are discussed.<br>","PeriodicalId":261576,"journal":{"name":"AARN: Corporations (Topic)","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-04-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128342592","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Shocks to Transition Risk","authors":"Christoph Meinerding, Y. S. Schüler, P. Zhang","doi":"10.2139/ssrn.3654155","DOIUrl":"https://doi.org/10.2139/ssrn.3654155","url":null,"abstract":"We propose and implement a method to identify shocks to transition risk. We identify transition risk shocks as instances where a strong differential valuation of green versus brown firms coincides with significant information on climate change. For that purpose, we combine information from long-short equity portfolios sorted on firms' carbon footprints with information from textual analysis of newspaper archives. We find that shocks increasing transition risk (negative abnormal returns of brown firms) induce a decline in aggregate and sectoral industrial production. Moreover, they significantly affect financial stability, as measured by the excess bond premium or credit conditions more generally. Finally, we document a pronounced asymmetry in the economy's response to shocks increasing or decreasing transition risk.","PeriodicalId":261576,"journal":{"name":"AARN: Corporations (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130111379","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Directors' Duties under the 2019 Ghanaian Companies Act","authors":"Kenneth N. O. Ghartey","doi":"10.2139/ssrn.3522178","DOIUrl":"https://doi.org/10.2139/ssrn.3522178","url":null,"abstract":"The scope of directors’ duties forms perhaps the most important part of corporate governance. This paper measures the trajectory of the regulation of directors’ duties under Ghanaian company law from the Companies Act, 1963 (Act 179) to the Companies Act, 2019 (Act 992). It considers whether the scope, formulation and structure of directors’ duties within the new legislation is capable of promoting corporately beneficially director behavior. It also discusses whether framework is apt to deal with the recent lapses in corporate governance exemplified by opportunistic and reckless director behavior which have been identified as part of the cause of the mass of insolvencies in systemically important parts of the Ghanaian economy between 2017 and 2019. \u0000 \u0000It discovers that Act 992 places a greater reliance on specific rules while maintaining the usual principle-based regulatory technique adopted for regulating director conduct under Act 179. The overall tenor of the framework of director’s duty under the new Act points to a firmer legislative view of the serious consequences of reckless director conduct. The paper concludes that the language of the framework for directors’ duties is capable of promoting corporately beneficially director behavior and is also apt to deal with the recent lapses in corporate governance which led to the financial sector insolvencies in Ghana.","PeriodicalId":261576,"journal":{"name":"AARN: Corporations (Topic)","volume":"118 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116366104","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Effect of Human Resource Practice, Perceived Organizational Support and Work-Life Balance in Enhancing Employee's Affective Commitment","authors":"B. S. Luturlean, A. Prasetio, R. Saragih","doi":"10.35609/jmmr.2019.4.4(3)","DOIUrl":"https://doi.org/10.35609/jmmr.2019.4.4(3)","url":null,"abstract":"Objective – Employees’ perception of HR practice is crucial because it can affect individual and organizational outcomes. HR practices may influence the perception employees have of the support that is available to them from the organization, the work-life balance, and the organization’s commitment to their employees. The purpose of this study is to investigate the impact of perceived HR practices on affective commitment. This study also explores the role of perceived organizational support in mediating work-life balance.\u0000Methodology/Technique – This survey was conducted between February – May 2019 using 178 employees ranked as officer (with no managerial position) from various organizations. The mediation analysis using SPSS and Macro Process was used to identify the relationship between the variables.\u0000Findings – The results indicate that employee perception of effective HR practice influences employee affective commitment. Further, perceived organizational support and work-life balance can mediate the relationship between those variables. However, the mediation only works if the mediator stands as a separate variable. When both mediators are put together, they do not mediate the relationship.\u0000Novelty – Studies concerning human resource (HR) practice and employee work behaviour remains scarce in Indonesia. The practical benefit from this study is to contribute to the knowledge of organizations concerning the implementation of effective HR practice in order to build a sense of supportive and balance in both work and private life. Additionally, both mediators may contribute to the development of affective commitment.\u0000Type of Paper: Empirical.\u0000\u0000Keywords: Affective Commitment; HR Practices; Perceived Organizational Support; Work-Life Balance.\u0000Reference to this paper should be made as follows: Luturlean; B.S. Prasetio; A.P. Saragih; R. 2019. The Effect of Human Resource Practice, Perceived Organizational Support and Work-Life Balance in Enhancing Employee’s Affective Commitment, J. Mgt. Mkt. Review 4(4) 242 – 253. https://doi.org/10.35609/jmmr.2019.4.4(3)\u0000JEL Classification: M12, M13. M19.","PeriodicalId":261576,"journal":{"name":"AARN: Corporations (Topic)","volume":"331 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124661312","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Economía naranja: una opción de emprendimiento para Colombia de la mano de las instituciones de educación superior (Orange Economy a Choice of Entrepreneurship for Colombia at the Hand of the Institutions of Higher Education)","authors":"María Victoria Rodríguez Sánchez, Mildred Karola López López","doi":"10.18601/16577175.n25.05","DOIUrl":"https://doi.org/10.18601/16577175.n25.05","url":null,"abstract":"Analyzes of the Colombian entrepreneurial ecosystem have identified opportunities around the Orange Economy. Additionally, its articulation with higher education has great potential to contribute to the training of professionals that generate employment, which contribute to the development and well-being of vulnerable populations. The article presents the first results of a research aimed at designing an internationalization model of the Orange Economy between two Latin American cities: Bogota (Colombia) and Zacatecas (Mexico). To do this, it explores different links between entrepreneurship and the academy, as well as the recent incorporation of the Orange Economy, not only as an alternative for generating income, but also adding a component of creativity.","PeriodicalId":261576,"journal":{"name":"AARN: Corporations (Topic)","volume":"32 3","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"113964768","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Reputational Risks: A Practical Perspective","authors":"A. Franklin","doi":"10.2139/ssrn.3479349","DOIUrl":"https://doi.org/10.2139/ssrn.3479349","url":null,"abstract":"This article discusses reputational risk from the perspective of what companies actually experience reputationally. As well, the concept of what is reputational risk is canvassed – is it risk to stock price, risk of lower profits, or merely risk of bad publicity that affects neither. When does reputational risk affect profits or stock price. <br><br>The article also differentiates between reputational risk arising from defective products which directly affect the consumer, or perceived financial risk to the company which may result in their inability to complete a project, which directly affects the customer, and risks that are not direct to the customer or consumers. <br><br>Thus, reputational risks resulting from human rights issues in the supply chain, or from the opprobrium of engaging in corruption (not the potential financial penalties that may be imposed on the company for corruption) <br><br>Similarly, reputational risk as it relates to investors is analyzed, differentiating between financial risks which may materialize that will reduce profits (eg fines for corruption) in the same way that a drop in sales will reduce profits, and risks to the company which do not have an immediate or short term financial risk. <br>","PeriodicalId":261576,"journal":{"name":"AARN: Corporations (Topic)","volume":"130 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130241245","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Does Capital Structure Affects Firms’ Performance in Ghana? Panel Data Analysis","authors":"J. MacCarthy, Helena Ahulu","doi":"10.2139/ssrn.3469545","DOIUrl":"https://doi.org/10.2139/ssrn.3469545","url":null,"abstract":"This paper examines the effect of capital structure on the firms’ performance. The study collected data from seventeen firms listed on the Ghana Stock Exchange from 2009 to 2018. A quantitative research technique is used to collect data to test two hypotheses. Panel data regression is employed to determine the effect of capital structure on firms’ performance. The study revealed that short-term debt and total debt accounted for 67% and 76.3% respectively of capital used to finance the operations for the period. Furthermore, the study revealed that there is significant and negative relationship between capital structures and firms’ performance. The study concludes that firms should minimise the use of debt capital and rather concentrate on equity capital to finance their operations. The study recommends that firms should increase sales and invest in tangible assets to maximise the firms’ performance. ","PeriodicalId":261576,"journal":{"name":"AARN: Corporations (Topic)","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114738593","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}