Strategy Science最新文献_第4页

Can Purpose Foster Stakeholder Trust in Corporations? 企业目标能培养利益相关者的信任吗?

IF 3.9

Strategy Science Pub Date : 2023-05-02 DOI: 10.1287/stsc.2023.0196

R. Gulati, Franz Wohlgezogen

{"title":"Can Purpose Foster Stakeholder Trust in Corporations?","authors":"R. Gulati, Franz Wohlgezogen","doi":"10.1287/stsc.2023.0196","DOIUrl":"https://doi.org/10.1287/stsc.2023.0196","url":null,"abstract":"As part of institutional changes toward more responsible capitalism, firms increasingly articulate a purpose beyond simply profit as a central tenet of their governance. Management scholarship has noted the potential advantages of such purpose-focus for stakeholder trust. However, some consumers, employees, and shareholders have expressed skepticism about the veracity of firms’ purpose claims and raised concerns about purpose-washing. We propose two distinct influence pathways—one cognitive, one affect-based—by which corporate purpose can influence stakeholder trust. First, purpose constitutes a signal of firm intent and quality that expresses a firm’s public, enduring commitments. It fosters cognitive trust by providing clarity and assurance regarding the firm’s future conduct, allowing stakeholders to better calculate relational and reputational risk and the instrumental value of exchange—even when they do not share the firm’s prosocial mission, principles for stakeholder relations, or its conception of virtues. Second, purpose presents a moral appeal to stakeholders. This appeal can stimulate positive affective responses, activate stakeholders’ hedonic and eudaemonic motives tied to their moral identity, and thus provide intuitive cues to trust the firm. By sharply delineating the pathways by which purpose can shape interorganizational trust, we not only illuminate how purpose can yield trust benefits but also when it is ineffectual and causes stakeholder backlash. This clarifies the role of purpose in shaping relational governance and multistakeholder cooperation and contributes to research on strategic and moral commitments as foundations of interorganizational trust. History: This paper has been accepted for the Strategy Science Special Issue on Corporate Purpose.","PeriodicalId":45295,"journal":{"name":"Strategy Science","volume":null,"pages":null},"PeriodicalIF":3.9,"publicationDate":"2023-05-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44499905","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: 6

Systemic Symbolic Management, Corporate Social Responsibility, and Corporate Purpose: A Cautionary Tale 系统象征管理、企业社会责任与企业宗旨：一个警示故事

IF 3.9

Strategy Science Pub Date : 2023-04-13 DOI: 10.1287/stsc.2023.0188

James D. Westphal

{"title":"Systemic Symbolic Management, Corporate Social Responsibility, and Corporate Purpose: A Cautionary Tale","authors":"James D. Westphal","doi":"10.1287/stsc.2023.0188","DOIUrl":"https://doi.org/10.1287/stsc.2023.0188","url":null,"abstract":"In this paper I describe the multilevel and systemic nature of symbolic management and decoupling as it applies to corporate social responsibility (CSR), and consider the implications for the corporate purpose movement. I explain how and why the symbolic management system, including the various forms of decoupling that have compromised CSR, could be readily extended to corporate purpose. I further suggest why (i) the symbolic management of purpose would extend a historical pattern of decoupling that has penetrated into ever more fundamental arenas of corporate governance, and (ii) at least some characteristics of corporate purpose may render it even more vulnerable to symbolic management and decoupling than CSR. I conclude that although the corporate purpose movement carries a substantial, downside risk of symbolic management and decoupling, it nonetheless has upside potential to improve corporate social performance, and that academic researchers have a key role to play in realizing that potential. I suggest several research strategies for detecting the presence and extent of symbolic decoupling of corporate purpose. History: This paper has been accepted for the Strategy Science Special Issue on Corporate Purpose.","PeriodicalId":45295,"journal":{"name":"Strategy Science","volume":null,"pages":null},"PeriodicalIF":3.9,"publicationDate":"2023-04-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49530860","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: 6

The Multiple Facets of Corporate Purpose: An Analytical Typology 企业目标的多重层面:一种分析类型

IF 3.9

Strategy Science Pub Date : 2023-04-10 DOI: 10.1287/stsc.2023.0186

{"title":"The Multiple Facets of Corporate Purpose: An Analytical Typology","authors":"","doi":"10.1287/stsc.2023.0186","DOIUrl":"https://doi.org/10.1287/stsc.2023.0186","url":null,"abstract":"As firms increasingly adopt a corporate purpose, there is substantial variation in what this turn to purpose actually entails and divergent views about whether and how firms can realize their purpose aspirations. To capture this variation and analyze its implications for enacting purpose, we leverage three existing bodies of research in organization and management theory: Early organization theory illuminates uses of purpose to convey an organization’s overarching reason for being, organizational hybridity sheds light on purpose as an alternative organizational objective to profit maximization, and systems perspectives offer tools for explaining purpose as a catalyst of systemic change beyond the boundaries of the firm. The typology that we develop based on these three bodies of research provides analytical clarity about distinct facets of the corporate purpose phenomenon and surfaces complementary insights into challenges and opportunities associated with purpose enactment. In doing so, it illuminates the value of drawing on existing organization and management theories for advancing corporate purpose scholarship and provides a springboard for future research. History: This paper has been accepted for the Strategy Science Special Issue on Corporate Purpose.","PeriodicalId":45295,"journal":{"name":"Strategy Science","volume":null,"pages":null},"PeriodicalIF":3.9,"publicationDate":"2023-04-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42727090","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: 2

Corporate Purpose: A Social Judgement Perspective 企业宗旨：社会判断视角

IF 3.9

Strategy Science Pub Date : 2023-04-06 DOI: 10.1287/stsc.2023.0185

R. Suddaby, Luca Manelli, Ziyun Fan

引用次数: 3

Corporate Personhood and Fiduciary Duties as Critical Constructs in Developing Stakeholder Management Theory and Corporate Purpose 公司人格和信义义务:发展利益相关者管理理论和公司宗旨的关键结构

IF 3.9

Strategy Science Pub Date : 2023-04-06 DOI: 10.1287/stsc.2023.0191

Joseph T. Mahoney

引用次数: 1

Accounts and Accountability: On Organizational Purpose, Organizational Identity, and Meaningful Work 会计与责任:论组织目的、组织认同和有意义的工作

IF 3.9

Strategy Science Pub Date : 2023-03-30 DOI: 10.1287/stsc.2023.0189

M. Pratt, Luke N. Hedden

引用次数: 4

Moral Imagination, the Collective Desirable, and Strategic Purpose 道德想象、集体愿望与战略目的

IF 3.9

Strategy Science Pub Date : 2023-03-29 DOI: 10.1287/stsc.2023.0190

V. Rindova, L. Martins

{"title":"Moral Imagination, the Collective Desirable, and Strategic Purpose","authors":"V. Rindova, L. Martins","doi":"10.1287/stsc.2023.0190","DOIUrl":"https://doi.org/10.1287/stsc.2023.0190","url":null,"abstract":"In contrast to the prevalent outside-in perspectives on corporate purpose as a response to competing normative demands of stakeholders, we introduce an inside-out perspective on purpose as based in firm-specific, agentic commitments to specific values, ideals, and societal goals. Drawing on moral philosophy, we propose how strategists can develop a strategic purpose through moral imagination that involves developing shaping intentions based in values and ideals, empathetic relating, and imaginativeness in stakeholder contexts. These processes support the generation of an emergent theory of value, which we term “the collective desirable.” This theory of value—a creative synthesis of the shaping intentions of the firm, and the interests and perspectives of stakeholders—provides the foundation of purpose, which is strategic, dynamic, and generative for the firm and its stakeholders. Such a strategic purpose becomes an organizational logic of action enacted through designated processes for articulation, maintenance, and evolvability, and through blueprints for credible commitments and resource allocations. By theorizing the microfoundations of an agentic, inside-out view of purpose, our theoretical framework articulates a set of mechanisms through which strategists can develop a strategic purpose that is tightly linked to the firm’s future-oriented strategy and the exercise of moral leadership. Our conception of moral imagination as a form of prosocial prospective cognition contributes a novel perspective to the socio-cognitive and subjectivist perspectives on strategy and extends the microfoundations of strategy.","PeriodicalId":45295,"journal":{"name":"Strategy Science","volume":null,"pages":null},"PeriodicalIF":3.9,"publicationDate":"2023-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43494063","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: 5

Introduction to the Virtual Special Issue: Strategy Science’s Contributions to Doctoral Reading Lists 虚拟特刊导论:战略科学对博士阅读书目的贡献

IF 3.9

Strategy Science Pub Date : 2023-03-10 DOI: 10.1287/stsc.2023.0181

Daniel A. Levinthal, Gwendolyn K. Lee

引用次数: 0

Broken Effects? How to Reduce False Positives in Panel Regressions 破碎的影响?如何减少面板回归的误报

Strategy Science Pub Date : 2023-03-01 DOI: 10.1287/stsc.2022.0172

Xina Li, Phebo D. Wibbens

{"title":"Broken Effects? How to Reduce False Positives in Panel Regressions","authors":"Xina Li, Phebo D. Wibbens","doi":"10.1287/stsc.2022.0172","DOIUrl":"https://doi.org/10.1287/stsc.2022.0172","url":null,"abstract":"Many published papers in the management field have used statistical methods that, according to the latest insights in econometrics, can lead to elevated rates of false positives: results that appear “significant,” whereas they are not. The question is how problematic these less robust econometric analyses are in practice for management research. This paper presents simulations and an empirical replication to investigate two widespread but now largely discredited practices in panel data analysis: nonclustered standard errors and random effects (RE). The simulations indicate that these two practices can lead to strongly elevated rates of false positives in typical empirical settings studied in management research. The often-advocated Hausman test does not always prevent false positives in RE regressions. Replication of a published regression that used RE and classic standard errors yields that many of the coefficients reported as significant in the original analysis become insignificant when using fixed effects and clustered standard errors, on a slightly different sample. Based on the findings in this paper, published results using nonclustered standard errors or RE estimates for panel data should be interpreted with great care, because the probability that they are false positives can be much larger than reported. Going forward, empirical researchers should cluster standard errors to account for serial correlation and use fixed rather than random effects to account for unobserved heterogeneity. Funding: X. Li received financial support from the Ian Potter ’93D PhD Award. Supplemental Material: The online appendix is available at https://doi.org/10.1287/stsc.2022.0172 .","PeriodicalId":45295,"journal":{"name":"Strategy Science","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135907375","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: 1

The New Stakeholder Theory on Organizational Purpose 关于组织目的的新利益相关者理论

IF 3.9

Strategy Science Pub Date : 2023-02-27 DOI: 10.1287/stsc.2023.0184

A. McGahan

{"title":"The New Stakeholder Theory on Organizational Purpose","authors":"A. McGahan","doi":"10.1287/stsc.2023.0184","DOIUrl":"https://doi.org/10.1287/stsc.2023.0184","url":null,"abstract":"The new stakeholder theory (NST) grapples with two canonical questions: Which stakeholders are enfranchised in organizations? How is the value created through stakeholder collaboration distributed and experienced by stakeholders? This paper first describes how the NST builds on original stakeholder theory to ask these two specific questions. The defining features of the NST are (i) a broad range of dependent variables, (ii) descriptiveness, (iii) formalized analysis, (iv) boundaries on stakeholder enfranchisement, and (v) analytic links to other established theories. The paper then assesses the assumptions and implications of this theory for understanding organizational purpose. A primary idea is that the NST conceptualizes purpose as originating in the goals, needs, and interests of stakeholders as complex, nuanced actors. Under the NST, the organization is conceived of as a tool—a functionalized construction—through which enfranchised stakeholders pursue a shared purpose that leads to experiences of stakeholder value in terms that are defined by the relevant stakeholders themselves. The survival and profitability of an organization depends on its effectiveness and efficiency as a tool for accomplishing mutual stakeholder aims, which are what define organizational purpose. Funding: Funded by Social Sciences and Research Council of Canada.","PeriodicalId":45295,"journal":{"name":"Strategy Science","volume":null,"pages":null},"PeriodicalIF":3.9,"publicationDate":"2023-02-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44275771","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: 5