American Journal of Business最新文献_第10页

Literature review and research opportunities on credibility of corporate social responsibility reporting 企业社会责任报告可信度的文献综述与研究机会

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American Journal of Business Pub Date : 2017-03-27 DOI: 10.1108/AJB-04-2016-0013

John L. Abernathy, Chad M. Stefaniak, Anne M. Wilkins, Jacqueline C. Olson

{"title":"Literature review and research opportunities on credibility of corporate social responsibility reporting","authors":"John L. Abernathy, Chad M. Stefaniak, Anne M. Wilkins, Jacqueline C. Olson","doi":"10.1108/AJB-04-2016-0013","DOIUrl":"https://doi.org/10.1108/AJB-04-2016-0013","url":null,"abstract":"Purpose - The purpose of this paper is to identify and synthesize the current academic literature on emerging trends to increase CSR reporting credibility. Design/methodology/approach - This paper synthesizes literature on emerging trends to increase CSR reporting credibility from the past ten years, focusing mainly on the most recent five years, by searching ABI/Inform and Business Source Premier for academic papers containing the following keywords: Corporate Social Responsibility (CSR) Reporting, CSR, Sustainability, and Social Responsibility. Findings - This paper identifies four relatively unexplored trends to improve CSR credibility: CSR assurance, integrated reporting, CSR reporting standards, and CSR regulation. Research limitations/implications - This study will be of use to academic researchers to facilitate research and discussion on the credibility of CSR disclosure. Practical implications - Regulatory agencies, boards of directors, customers, suppliers, and investors are increasingly using CSR information for decision making; therefore the credibility of the information is important. Originality/value - Much of the extant research investigating CSR has focused on financial performance metrics. The study synthesizes the recent CSR literature, including some interdisciplinary research focusing on emerging accountability trends in reporting. The authors identify several research opportunities that will enhance the authors’ understanding of CSR reporting.","PeriodicalId":44116,"journal":{"name":"American Journal of Business","volume":"795 1","pages":"24-41"},"PeriodicalIF":0.8,"publicationDate":"2017-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78866826","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: 33

The greening of organizational culture: revisited fifteen years later 组织文化的绿色化:15年后重新审视

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American Journal of Business Pub Date : 2016-11-30 DOI: 10.1108/AJB-04-2016-0011

T. Porter, V. C. Gallagher, Diane Lawong

{"title":"The greening of organizational culture: revisited fifteen years later","authors":"T. Porter, V. C. Gallagher, Diane Lawong","doi":"10.1108/AJB-04-2016-0011","DOIUrl":"https://doi.org/10.1108/AJB-04-2016-0011","url":null,"abstract":"Purpose - Organizations have viewed sustainability as a societal problem and unrelated to business. To recognize sustainability as an organizational issue requires companies to deal with the challenge of transforming into environmentally sustainable enterprises. This requires institutions to align mission statements with values. The purpose of this paper is to replicate previous research in sustainability and the cultural facets which impact the process. Design/methodology/approach - A qualitative case study method was used to analyze 25 organizations within the US Midwest with various contexts to determine how their respective cultures impacted their change initiatives. Specifically, the authors spoke to sustainability change agents with regard to their leadership and culture, and the factors that are conducive to (or barriers to) implementing sustainability initiatives. Findings - The original study demonstrated the presence of seven contextual conditions which are important in the process of imbedding sustainability within the institution. This research found the same dimensions to be present; however, they manifested differently 15 years later. Practical implications - The original research offered a somewhat dark picture of the sustainability change initiatives within organizations. The current study however; offers a much more positive perspective which demonstrates organizations appear to have progressed with regard to sustainability. Originality/value - This is a replication study whereby we discovered similar themes as to the nature of contextual factors that can hinder or advance sustainability initiatives; however, the findings 15 years later show a marked difference in the current state of affairs and the ability to implement sustainability initiatives.","PeriodicalId":44116,"journal":{"name":"American Journal of Business","volume":"182 1","pages":"206-226"},"PeriodicalIF":0.8,"publicationDate":"2016-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91270011","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: 23

Spatial relativism in multinationality and performance research 多国性与绩效研究中的空间相对主义

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American Journal of Business Pub Date : 2016-11-30 DOI: 10.1108/AJB-02-2016-0003

K. Kelley

{"title":"Spatial relativism in multinationality and performance research","authors":"K. Kelley","doi":"10.1108/AJB-02-2016-0003","DOIUrl":"https://doi.org/10.1108/AJB-02-2016-0003","url":null,"abstract":"Purpose \u0000 \u0000 \u0000 \u0000 \u0000The purpose of this paper is to explore the largely marginalized role of distance or “space” in multinationality and performance (MP) research. It argues that scholars should adopt a more fine-grained, or relativistic approach when studying the link between MP and that conceptualizing multinationality as space may facilitate this. \u0000 \u0000 \u0000 \u0000 \u0000Design/methodology/approach \u0000 \u0000 \u0000 \u0000 \u0000By treating space as though it is liability forming, the paper examines frequently contentious research issues in domain of MP research such as: how is multinationality measured; what are the moderating variables; and what is the performance metric appropriate, as a framework to help illustrate the relativistic nature of MP studies. \u0000 \u0000 \u0000 \u0000 \u0000Findings \u0000 \u0000 \u0000 \u0000 \u0000The paper illustrates that the choice of distance dimensions, along which the “space” is formed, alters the relationship between MP. Furthermore, this relationship is relative to moderating variables that include among others: when the space is measured (time), point of reference and perspective, the firm’s resources (e.g. human and technological capabilities), and the performance measure considered. \u0000 \u0000 \u0000 \u0000 \u0000Originality/value \u0000 \u0000 \u0000 \u0000 \u0000This paper suggests new avenues and approaches toward exploring the effects of multinationality to improve methodological rigor. It identifies several important methodological shortcomings of current and previous research and suggests areas in which current research gaps must be filled to advance this body of knowledge. It introduces the notion of spatial relativism as a concept that will facilitate more fine-grained and contextualized studies.","PeriodicalId":44116,"journal":{"name":"American Journal of Business","volume":"53 1","pages":"187-205"},"PeriodicalIF":0.8,"publicationDate":"2016-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81541883","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: 0

Benchmarking mutual fund alpha 基准共同基金alpha

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American Journal of Business Pub Date : 2016-11-30 DOI: 10.1108/AJB-01-2016-0001

Qiang Bu

{"title":"Benchmarking mutual fund alpha","authors":"Qiang Bu","doi":"10.1108/AJB-01-2016-0001","DOIUrl":"https://doi.org/10.1108/AJB-01-2016-0001","url":null,"abstract":"Purpose - The standard market models assume that all investors are rational with the same level of risk aversion, whereas investors in the real world are neither rational nor homogeneous. This contrast makes these models inappropriate for evaluating manager skill. The purpose of this paper is to attempt to bridge the gap between model assumption and fund investment practice. Design/methodology/approach - This study proposes a series of modified models using the excess return of peer funds to estimate fund alpha. In these models, the market excess return in the standard market models is replaced with the average excess return of bootstrapped funds. In addition, the author examines the reasons for the difference between the modified models and the standard models. Findings - The modified models better explain the variation of fund returns, and they exhibit that a considerably higher percentage of funds can earn positive alpha, thus the skill of fund managers is underestimated based on the standard market models. Originality/value - The proposed models provide a more reliable method for investors to identify skilled fund managers, and they can also serve as an objective benchmark in evaluating fund performance and in designing manager compensation packages.","PeriodicalId":44116,"journal":{"name":"American Journal of Business","volume":"580 1","pages":"227-239"},"PeriodicalIF":0.8,"publicationDate":"2016-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77209545","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: 0

Supplier selection in small- and medium-sized firms: The case of the US textile and apparel industry 中小企业的供应商选择:以美国纺织服装业为例

IF 0.8

American Journal of Business Pub Date : 2016-11-30 DOI: 10.1108/AJB-12-2015-0037

Jin Su, Vidyaranya B. Gargeya

{"title":"Supplier selection in small- and medium-sized firms: The case of the US textile and apparel industry","authors":"Jin Su, Vidyaranya B. Gargeya","doi":"10.1108/AJB-12-2015-0037","DOIUrl":"https://doi.org/10.1108/AJB-12-2015-0037","url":null,"abstract":"Purpose - The purpose of this paper is to empirically examine supplier selection among small- and medium-sized firms in the US textile and apparel industry. For small- and medium-sized firms, one powerful method of improving the firm’s competitiveness in the dynamic business environment is through strategic approach of supplier selection, which emphasizes supplier’s contributions to the total product and to overall customer satisfaction. Design/methodology/approach - Empirical survey-based research methodology was implemented and data were collected from small and medium firms in textile and apparel business in North Carolina, South Carolina, Georgia, California, and New York which are the major areas of the US textile and apparel industry. Findings - This study demonstrates the supplier selection practices of the small- and medium-sized firms in the US textile and apparel industry and their perceptions of supply market and supplier evaluation systems. Results indicate that supplier selection criteria impact firm performance in different ways. Small- and medium-sized firms carry out supplier selection based on product quality, supplier responsiveness, and strategic consideration which positively impact overall customer service level and overall customer satisfaction. Originality/value - This paper focuses on supply chain management practices, specifically the supplier selection issue in small- and medium-sized firms in the textile and apparel industry.","PeriodicalId":44116,"journal":{"name":"American Journal of Business","volume":"31 1","pages":"166-186"},"PeriodicalIF":0.8,"publicationDate":"2016-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87321213","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: 20

Liabilities of regionalization and the emerging market firm 区域化负债与新兴市场企业

IF 0.8

American Journal of Business Pub Date : 2016-11-18 DOI: 10.1108/AJB-11-2015-0031

K. Kelley

{"title":"Liabilities of regionalization and the emerging market firm","authors":"K. Kelley","doi":"10.1108/AJB-11-2015-0031","DOIUrl":"https://doi.org/10.1108/AJB-11-2015-0031","url":null,"abstract":"Purpose \u0000 \u0000 \u0000 \u0000 \u0000The purpose of this paper is to revisit the causal relationships of the liabilities of inter-regional foreignness to show that the process of regionalization itself has affected firms’ strategic capabilities and focus. The constraints of these regions, a consequence of regionalization that limits the strategic options of multinational enterprises, are known as the liabilities of regionalization (LOR). \u0000 \u0000 \u0000 \u0000 \u0000Design/methodology/approach \u0000 \u0000 \u0000 \u0000 \u0000This study reviews previous literature and uses a mixture of theory and inference to make propositions regarding the existence of liabilities attributable to the regionalization process. The propositions discuss macro-level, and industry and firm-level strategic impact on firms of Triad and non-Triad regions. \u0000 \u0000 \u0000 \u0000 \u0000Findings \u0000 \u0000 \u0000 \u0000 \u0000It is argued specific emerging market attributes, in relation to the developed Triad regions, will influence strategic focus of those emerging market firms. This in turn will also influence global strategic behavior and capabilities in the future, creating additional LOR in some cases and reducing them in others. \u0000 \u0000 \u0000 \u0000 \u0000Originality/value \u0000 \u0000 \u0000 \u0000 \u0000Previous scholars have focused on the liabilities of inter-regional and regional foreignness and its effect on international diversification strategy both upstream and downstream. This study attempts to explain the formation of regions that shape the FSAs that limit global strategic diversification, which are characterized as the LOR. More importantly, it discusses them from perspective of emerging market firms, which on the outside of the Triad regions, may form their own regions and FSAs.","PeriodicalId":44116,"journal":{"name":"American Journal of Business","volume":"15 1","pages":"146-163"},"PeriodicalIF":0.8,"publicationDate":"2016-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87830854","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: 0

Does managerial myopia explain Bowman's Paradox? 管理短视能解释鲍曼悖论吗?

IF 0.8

American Journal of Business Pub Date : 2016-11-18 DOI: 10.1108/AJB-04-2015-0008

Anthony Holder, A. Petkevich, G. S. Moore

{"title":"Does managerial myopia explain Bowman's Paradox?","authors":"Anthony Holder, A. Petkevich, G. S. Moore","doi":"10.1108/AJB-04-2015-0008","DOIUrl":"https://doi.org/10.1108/AJB-04-2015-0008","url":null,"abstract":"Purpose - This paper investigates if Bowman’s Paradox (negative association between risk and return) is caused by managerial myopia. It also attempts to disentangle whether results are more consistent with one or more potential explanations. Design/methodology/approach - The paper uses univariate statistics and OLS regressions. Empirically examines the relationship between four risk and return proxies, across a wide ranging time period and utilizing a number of model specifications. Results hold after using three-way clustered errors and using a more robust rolling five year, fixed regression methodology measure. Findings - Confirms the existence of the Paradox. Also documents that the association between risk and return is positive in “winner” firms and negative in “loser” firms. Upon further analysis, the earlier negative risk-return relationship is found to entirely be due to the volatility of the (short term) income statement component of the performance terms. Results imply that executives of winner (loser) firms are less (more) likely to manage earnings or engage in other value destroying activities. Research limitations/implications - The study is confined by the typical archival study limitations; including potential endogeneity, selection biases and generalizability of the results. Practical implications - Anecdotal evidence indicates that the business community makes extensive use of these performance measures. These performance measures are also pervasive in academic research. Given the importance of controlling for both managerial and firm performance, a good performance proxy is quintessential. Originality/value - Although over 30 years have passed since Bowman (1980) first observed the negative correlation, to date, no consensus explanation exists. Findings suggest that Bowman’s Paradox, is potentially a manifestation of managerial myopia. Thus, this result contributes to several existing research streams.","PeriodicalId":44116,"journal":{"name":"American Journal of Business","volume":"7 1","pages":"102-122"},"PeriodicalIF":0.8,"publicationDate":"2016-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79579981","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: 12

Changes in information environment and merger announcements 信息环境的变化与并购公告

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American Journal of Business Pub Date : 2016-11-18 DOI: 10.1108/AJB-11-2015-0035

Bhanu Balasubramnian, Kathleen P. Fuller, Tanja Steigner

{"title":"Changes in information environment and merger announcements","authors":"Bhanu Balasubramnian, Kathleen P. Fuller, Tanja Steigner","doi":"10.1108/AJB-11-2015-0035","DOIUrl":"https://doi.org/10.1108/AJB-11-2015-0035","url":null,"abstract":"Purpose \u0000 \u0000 \u0000 \u0000 \u0000The purpose of this paper is to examine the impact of regulatory changes by the US Securities and Exchange Commission in 2000 on private information leakage prior to merger announcements. \u0000 \u0000 \u0000 \u0000 \u0000Design/methodology/approach \u0000 \u0000 \u0000 \u0000 \u0000Using a sample of 5,045 merger announcements between 1990 and 2008, the authors examine differences in information leakage between the pre- and post-regulation period merger announcements for acquirers using regression analysis. \u0000 \u0000 \u0000 \u0000 \u0000Findings \u0000 \u0000 \u0000 \u0000 \u0000The results suggest that regulatory changes have been effective in preventing private information leakage in merger announcements for large- and medium-sized firms, for high-tech firms, and for stock deals. The authors find that abnormal trading volume due to differences in information quality is reduced post-regulation for stock deals, high-tech firms, large- and medium-sized bidders, indicating less leakage of information after the new regulations. The authors find higher announcement returns post-regulation for the entire sample and for all subsamples except stock deals, small firms, and public targets. Higher announcement returns indicate that merger announcements are a greater surprise to the market due to a reduction in leaked private information after the regulatory changes. \u0000 \u0000 \u0000 \u0000 \u0000Practical implications \u0000 \u0000 \u0000 \u0000 \u0000The results have implications on future rule changes, on refinements of insider trading rules, regulation fair disclosure, and regulation M-A. The authors leave for future research why certain types of firms or deals are not impacted by regulatory changes. \u0000 \u0000 \u0000 \u0000 \u0000Originality/value \u0000 \u0000 \u0000 \u0000 \u0000Examine the effect of changes in information environment on merger announcements for acquirers because the impact likely has greater significance on acquirers than that on targets. Past studies have examined only targets.","PeriodicalId":44116,"journal":{"name":"American Journal of Business","volume":"30 9 1","pages":"123-145"},"PeriodicalIF":0.8,"publicationDate":"2016-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84880739","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

Have changes in business practices and reporting standards changed the taxonomy of financial ratios 商业惯例和报告标准的变化是否改变了财务比率的分类

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American Journal of Business Pub Date : 2016-08-08 DOI: 10.1108/AJB-10-2015-0030

T. Zeller, John Kostolansky, Michail Bozoudis

引用次数: 7

The China Triangle: Latin America ' s China Boom and the Fate of the Washington Consensus 中国三角:拉丁美洲的中国繁荣和华盛顿共识的命运

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American Journal of Business Pub Date : 2016-08-08 DOI: 10.1108/AJB-06-2016-0019

M. Pisani

引用次数: 9