POL: Other Strategy & Social Policies (Topic)最新文献

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Socially Responsible Mutual Fund Exit Decisions 社会责任共同基金退出决策
POL: Other Strategy & Social Policies (Topic) Pub Date : 2020-01-01 DOI: 10.1111/beer.12253
Mercedes Alda, Fernando Muñoz, María Vargas
{"title":"Socially Responsible Mutual Fund Exit Decisions","authors":"Mercedes Alda, Fernando Muñoz, María Vargas","doi":"10.1111/beer.12253","DOIUrl":"https://doi.org/10.1111/beer.12253","url":null,"abstract":"This paper studies, for the first time, socially responsible (SR) mutual fund exits. We analyse a sample of 534 U.S. SR equity mutual funds in the period 2003–2017, in which 182 exit events occurred (53 liquidations, 109 mergers within the same family, and 20 mergers across different families). The results obtained indicate that both liquidations and mergers are more likely among smaller funds that suffer net money outflows in the previous year to the event. At the family level, mergers are more frequent in outperforming families with a larger number of funds, whereas liquidations occur in families with a lower number of funds. When comparing mergers within the same family with mergers across different families, we observe that the former share more drivers with liquidations than the latter. In addition, we observe that religious and environmental funds are more likely to suffer exit events than other SR fund types. Finally, other interesting findings point out that mergers financially benefit investors in merged SR mutual funds and the financial outcomes of acquiring fund investors are not jeopardized.","PeriodicalId":385792,"journal":{"name":"POL: Other Strategy & Social Policies (Topic)","volume":"64 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127677466","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}
引用次数: 3
Socially Responsible Downsizing: Comparing Family and Non‐Family Firms 社会责任裁员:比较家族企业和非家族企业
POL: Other Strategy & Social Policies (Topic) Pub Date : 2020-01-01 DOI: 10.1111/beer.12244
Maria J. Sanchez‐Bueno, Fernando Muñoz‐Bullón, J. Galán
{"title":"Socially Responsible Downsizing: Comparing Family and Non‐Family Firms","authors":"Maria J. Sanchez‐Bueno, Fernando Muñoz‐Bullón, J. Galán","doi":"10.1111/beer.12244","DOIUrl":"https://doi.org/10.1111/beer.12244","url":null,"abstract":"This study seeks to investigate whether family firms are more likely to downsize their workforce than their non‐family counterparts. Drawing on socioemotional wealth approach, we first explore the effect of family presence on workforce downsizing. Furthermore, we examine the moderating role of R&D activity on the family presence–downsizing relationship. Our sample covers a panel of manufacturing SMEs in Spain over the 1993–2014 period. We find that family firms are less likely to downsize than non‐family firms. Our results also reveal a negative association between R&D activity and workforce downsizing. Finally, the relationship between family presence and downsizing is contingent upon R&D activity, that is, family firms engaged in R&D activities are less likely to downsize than non‐innovative family firms.","PeriodicalId":385792,"journal":{"name":"POL: Other Strategy & Social Policies (Topic)","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128299076","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}
引用次数: 18
How Far Can Brands Go to Defend Themselves? The Extent of Negative Publicity Impact on Proactive Consumer Behaviors and Brand Equity 品牌能在多大程度上保护自己?负面宣传对主动消费者行为和品牌资产的影响程度
POL: Other Strategy & Social Policies (Topic) Pub Date : 2020-01-01 DOI: 10.1111/beer.12246
Hongjoo Woo, Sojin Jung, B. Jin
{"title":"How Far Can Brands Go to Defend Themselves? The Extent of Negative Publicity Impact on Proactive Consumer Behaviors and Brand Equity","authors":"Hongjoo Woo, Sojin Jung, B. Jin","doi":"10.1111/beer.12246","DOIUrl":"https://doi.org/10.1111/beer.12246","url":null,"abstract":"Negative publicity, defined as the public disclosure of a problematic incident associated with a brand, is a critical issue for fashion brands, as it vitiates the image of targeted brands and drives consumers’ voice and exit behaviors. Despite the impact of negative publicity, few studies have compared the impact of product‐related versus personnel‐related negative publicity, or explored the extent to which brands’ coping strategies can prevent consumers’ anti‐brand behavioral intentions and recover brand equity. This study used multivariate analyses of variance to analyze responses from 594 American consumers, which revealed that when negative publicity is about a product‐related issue, none of the brand's different recovery efforts are effective in decreasing consumers’ voice and exit intentions and protecting brand equity. However, for a personnel‐related issue, functional and informational recovery strategies were effective in decreasing consumer voice and exit intentions, and affective, functional, and informational recovery strategies positively impacted most domains of brand equity (brand judgement, brand feelings, and brand resonance). The following analysis of variance and post hoc analyses revealed the comparative effectiveness of specific recovery types. Discussions and implications of the findings are provided.","PeriodicalId":385792,"journal":{"name":"POL: Other Strategy & Social Policies (Topic)","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128557569","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}
引用次数: 8
Institutional Investors as Stewards of the Corporation: Exploring the Challenges to the Monitoring Hypothesis 机构投资者作为公司的管理者:探索对监督假说的挑战
POL: Other Strategy & Social Policies (Topic) Pub Date : 2017-04-01 DOI: 10.1111/beer.12142
Mila R. Ivanova
{"title":"Institutional Investors as Stewards of the Corporation: Exploring the Challenges to the Monitoring Hypothesis","authors":"Mila R. Ivanova","doi":"10.1111/beer.12142","DOIUrl":"https://doi.org/10.1111/beer.12142","url":null,"abstract":"The study explores the challenges UK-based institutional investors face when trying to monitor investee companies and influence their social, environmental and governance practices. Consistent with previous research, I find that misalignment of interests within the investment chain and dispersed ownership are factors which inhibit investor activism. However, other underexplored challenges include lack of investee company transparency and investor experience in activism, as well as low client demand for engagement and internal conflicts of interest. The results contribute to the literature on institutional investor activism by using direct empirical evidence to systematically discuss the challenges to stewardship. Given the intensification of media and regulatory attention on shareholders in the post-global financial crisis era, coupled with investors’ growing awareness and practice of stewardship, the research opens new avenues for enquiry which go beyond the on-going debate about the monitoring versus short-termism roles of institutional investors.","PeriodicalId":385792,"journal":{"name":"POL: Other Strategy & Social Policies (Topic)","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130068993","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}
引用次数: 36
Engaging with Environmental Stakeholders: Routes to Building Environmental Capabilities in the Context of the Low Carbon Economy 与环境利益相关者接触:低碳经济背景下环境能力建设的途径
POL: Other Strategy & Social Policies (Topic) Pub Date : 2017-01-18 DOI: 10.1111/beer.12141
P. Baranova, M. Meadows
{"title":"Engaging with Environmental Stakeholders: Routes to Building Environmental Capabilities in the Context of the Low Carbon Economy","authors":"P. Baranova, M. Meadows","doi":"10.1111/beer.12141","DOIUrl":"https://doi.org/10.1111/beer.12141","url":null,"abstract":"The transition to a low carbon economy demands new strategies to enable organizations to take advantage of the potential for “green” growth. An organization's environmental stakeholders can provide opportunities for growth and support the success of its low carbon strategies, as well as potentially acting as a constraint on new initiatives. Building environmental capabilities through engagement with environmental stakeholders is conceptualized as an important aspect for the success of organizational low carbon strategies. We examine capability building across a range of sectors affected by the sustainability agenda, including construction, rail, water, and health care. We identify a number of emergent environmental stakeholders and explore their engagement with the development of environmental capabilities in the context of the transition toward a low carbon economy. Our conceptual framework offers a categorization of environmental stakeholders based on their position in relation to a focal organization and the potential for the development of environmental capabilities.","PeriodicalId":385792,"journal":{"name":"POL: Other Strategy & Social Policies (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-01-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131079520","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}
引用次数: 39
The Management of Nanotechnology: Analysis of Technology Linkages and the Regional Nanotechnology Competencies 纳米技术的管理:技术联系和区域纳米技术能力的分析
POL: Other Strategy & Social Policies (Topic) Pub Date : 2017-01-01 DOI: 10.1111/radm.12161
N. Islam, Sercan Ozcan
{"title":"The Management of Nanotechnology: Analysis of Technology Linkages and the Regional Nanotechnology Competencies","authors":"N. Islam, Sercan Ozcan","doi":"10.1111/radm.12161","DOIUrl":"https://doi.org/10.1111/radm.12161","url":null,"abstract":"This study maps the linkage of nanotechnologies and their clusters, identifies emerging and mature technologies and links to their application fields, and examines the profiles of the regional nanotechnology competencies. A model is proposed to assist with the analyses. The patent data were retrieved from the Thomson Innovation database, which were subsequently analysed with the Thomson Data Analyser. The results show technological linkages using the proposed linkage model, for example, the linkage between the cluster of nanotubes‐nanowires‐polymers and the cluster of nanowires‐semiconductors‐optical identifies a nanoelectronics domain. In the Techno‐Economic Network framework, the result shows that the United States maintains its position in the Science and Technology poles, revealing its strong competitiveness, while the nanotechnological competencies in Japan have lost strength significantly in recent years. Asian giants such as South Korea and China appear to be the most likely contenders for catching up with the United States. The theoretical contribution of this study is the theoretical framework that has been adapted and tested in this research. Practical contributions consist of descriptive and analytical findings based on actors' performances and the regions' competencies. The research offers a useful insight for academic and research practitioners on how an emerging field such as nanotechnology can be analysed, and a way forward for materialising science and technology policies in this field.","PeriodicalId":385792,"journal":{"name":"POL: Other Strategy & Social Policies (Topic)","volume":"72 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114465860","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}
引用次数: 8
When Deeds Speak, Words are Nothing: A Study of Ethical Leadership in Colombia 当行动说话时,言语是什么:哥伦比亚的道德领导研究
POL: Other Strategy & Social Policies (Topic) Pub Date : 2016-10-01 DOI: 10.1111/beer.12130
Iliana Páez, E. Salgado
{"title":"When Deeds Speak, Words are Nothing: A Study of Ethical Leadership in Colombia","authors":"Iliana Páez, E. Salgado","doi":"10.1111/beer.12130","DOIUrl":"https://doi.org/10.1111/beer.12130","url":null,"abstract":"Using a sample of 124 managers and 248 subordinates, this study examines the mediating effect of subordinates’ job satisfaction in the relationship between ethical leadership and subordinate organizational citizenship and counter‐productive work behaviour in the Colombian context. We additionally analyse the effect of ethical leadership on subordinates’ perception of leaders’ performance. Factor analyses of the ethical leadership scale revealed two factors, ethical person (EP) and ethical guidance (EG), which were differentially associated to the outcomes. We offer an explanation from three cultural dimensions (in‐group collectivism, institutional collectivism, and power distance) by which Colombian employees seem to be more willing to follow leaders’ ethical example as a way to strengthen their membership to the leader's group, than leaders ethical disciplining by which norms are imposed. These findings have a number of implications for organizations and managers who aim to improve their employees’ behaviour. Our advice to them is that leaders’ deeds have a greater impact than their ethical words.","PeriodicalId":385792,"journal":{"name":"POL: Other Strategy & Social Policies (Topic)","volume":"210 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"118835342","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}
引用次数: 17
Alerting a Campus Community: Emergency Notification from a Public's Perspective 警报校园社区:从公众角度的紧急通知
POL: Other Strategy & Social Policies (Topic) Pub Date : 2015-12-01 DOI: 10.1111/1468-5973.12074
Stephanie Madden
{"title":"Alerting a Campus Community: Emergency Notification from a Public's Perspective","authors":"Stephanie Madden","doi":"10.1111/1468-5973.12074","DOIUrl":"https://doi.org/10.1111/1468-5973.12074","url":null,"abstract":"Emergency notification systems have become an essential part of campus security since the 2007 Virginia Tech shooting in the United States. This study explored how a public‐centred perspective can inform campus‐alerting practices. In particular, this study provided depth to two independent variables of the situational theory of publics: constraint recognition and level of involvement. Additionally, this study proposed the development of a subcategorisation of hot‐issue publics called transient publics.","PeriodicalId":385792,"journal":{"name":"POL: Other Strategy & Social Policies (Topic)","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121226528","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}
引用次数: 16
Mind the Gap: The Interplay Between External and Internal Actions in the Case of Corporate Social Responsibility 注意差距:企业社会责任中外部行为与内部行为的相互作用
POL: Other Strategy & Social Policies (Topic) Pub Date : 2015-09-09 DOI: 10.2139/ssrn.2101775
Olga Hawn, I. Ioannou
{"title":"Mind the Gap: The Interplay Between External and Internal Actions in the Case of Corporate Social Responsibility","authors":"Olga Hawn, I. Ioannou","doi":"10.2139/ssrn.2101775","DOIUrl":"https://doi.org/10.2139/ssrn.2101775","url":null,"abstract":"Research summary: We explore the effect of the interplay between a firm's external and internal actions on market value in the context of corporate social responsibility (CSR). Specifically, drawing from the neo‐institutional theory, we distinguish between external and internal CSR actions and argue that they jointly contribute to the accumulation of intangible firm resources and are therefore associated with better market value. Importantly, though, we find that, on average, firms undertake more internal than external CSR actions, and we theorize that a wider gap between external and internal actions is negatively associated with market value. We confirm our hypotheses empirically, using the market‐value equation and a sample comprising 1,492 firms in 33 countries from 2002 to 2008. Finally, we discuss implications for future research and practice. Managerial summary: Companies often accumulate intangible assets by taking internally and externally oriented CSR actions. Contrary to popular beliefs, the data show that they undertake more internal than external ones: firms do more and communicate less. How does a potential gap (i.e., a misalignment) between internal and external CSR actions affect a firm's market value? We find that although together (the sum of) internal and external actions are positively associated with market value, a wider gap has negative implications. In other words, firms do not realize the full benefits of their internal actions when such actions are not externally communicated to key stakeholders, and to the investment community in particular. This negative association with market value is particularly salient in CSR‐intensive and the natural resources and extractives industries. Copyright © 2015 John Wiley & Sons, Ltd.","PeriodicalId":385792,"journal":{"name":"POL: Other Strategy & Social Policies (Topic)","volume":"84 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-09-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121637845","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}
引用次数: 130
Experimental Economics as a Method for Normative Business Ethics 实验经济学作为规范商业伦理的一种方法
POL: Other Strategy & Social Policies (Topic) Pub Date : 2015-07-01 DOI: 10.1111/beer.12096
P. Francés‐Gómez, L. Sacconi, Marco Faillo
{"title":"Experimental Economics as a Method for Normative Business Ethics","authors":"P. Francés‐Gómez, L. Sacconi, Marco Faillo","doi":"10.1111/beer.12096","DOIUrl":"https://doi.org/10.1111/beer.12096","url":null,"abstract":"We advance the thesis that the method of experimental economics can make significant contributions to normative, as opposed to descriptive, business ethics. We contend that there are two basic ways in which experimental economics may make this contribution, and we exemplify these ways by pointing to experimental support of social contract theory as rational foundation for business ethics. These two ways are: (1) adding psychological realism; and (2) testing some quasi‐empirical assumptions present in normative theory. In order to make good our methodological claim, we first describe the methodological rules of experimental economics, distinguishing this method from other behavioral business ethics approaches. We also contemplate the possible objection that empirical methods cannot bear on normative ethics because there is no way of bridging the gap between descriptive theory (how people behave) and normative theory (how people ought to behave).","PeriodicalId":385792,"journal":{"name":"POL: Other Strategy & Social Policies (Topic)","volume":"121 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120014437","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}
引用次数: 13
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