发布求助
文献互助 智能选刊 最新文献

Strategic Change-Briefings in Entrepreneurial Finance最新文献

筛选
英文 中文
Turning 30 and myopic? Temporal orientation and the firm lifecycle 快30岁了还近视?时间取向与企业生命周期
IF 2.8
Strategic Change-Briefings in Entrepreneurial Finance Pub Date : 2023-08-09 DOI: 10.1002/jsc.2553
Vivien Lefebvre
{"title":"Turning 30 and myopic? Temporal orientation and the firm lifecycle","authors":"Vivien Lefebvre","doi":"10.1002/jsc.2553","DOIUrl":"https://doi.org/10.1002/jsc.2553","url":null,"abstract":"A vast body of literature shows that large, publicly listed firms suffer from managerial short‐termism and inadequate temporal orientation. We study the temporal orientations, measured as the investment horizons, of firms throughout their lifecycles. We build on theoretical arguments from organizational learning theory and agency theory to argue that the relationship between firm age and the investment horizon is quadratic, with an inverted U shape. Using a large sample of publicly listed and privately held European firms, we obtain results consistent with this prediction. Our results support the idea that younger firms gradually learn to use more sophisticated investment decision criteria, thus resulting in longer investment horizons. However, this effect is bounded by changes in governance structure, such as the separation of ownership from control that results from the transition from an owner‐managed status to a professionally managed status. Implications for future research and practice are discussed.","PeriodicalId":46986,"journal":{"name":"Strategic Change-Briefings in Entrepreneurial Finance","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2023-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47333506","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
New vision and purpose for Strategic Change: Branching out into the future, rooting from our legacy 战略变革的新愿景和目标：拓展未来，植根于我们的传统
IF 2.8
Strategic Change-Briefings in Entrepreneurial Finance Pub Date : 2023-08-07 DOI: 10.1002/jsc.2552
A. Caputo
{"title":"New vision and purpose for Strategic Change: Branching out into the future, rooting from our legacy","authors":"A. Caputo","doi":"10.1002/jsc.2552","DOIUrl":"https://doi.org/10.1002/jsc.2552","url":null,"abstract":"","PeriodicalId":46986,"journal":{"name":"Strategic Change-Briefings in Entrepreneurial Finance","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2023-08-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41288054","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
Make, buy, or ally?—A configurational approach to governance choices in vertical expansion 制造、购买或结盟--纵向扩张中治理选择的配置方法
IF 2.8
Strategic Change-Briefings in Entrepreneurial Finance Pub Date : 2023-08-02 DOI: 10.1002/jsc.2550
Jingyi Lai, Yongqiang Chen, Yuting Chen, Yongcheng Fu
{"title":"Make, buy, or ally?—A configurational approach to governance choices in vertical expansion","authors":"Jingyi Lai, Yongqiang Chen, Yuting Chen, Yongcheng Fu","doi":"10.1002/jsc.2550","DOIUrl":"https://doi.org/10.1002/jsc.2550","url":null,"abstract":"Firms expand vertical boundaries by obtaining ownership of relevant resources. There are three means by which firms can achieve this goal: internal development, mergers and acquisitions (M&As), and equity joint ventures. From transaction cost theory and resource‐based view, this study analyzed how resource characteristics, environmental conditions, and firms' capabilities influence their governance choices by studying 30 cases involving architectural, engineering, and construction firms and employing a fuzzy‐set qualitative comparative analysis method. The findings reveal that all the antecedents jointly influenced firms' governance choices; however, they did so in a way that led to the firms' rejection as opposed to the implementation of one strategy. Firms avoided choosing internal development to circumvent high internal transaction costs or expand into new business rapidly. Firms excluded M&As when the similarity between new and existing resources was high to avoid resource redundancy. When market uncertainty was high, they did so to avoid investment risks. Moreover, when high external transaction costs were evident due to interactions and interdependency between firms and their partners, firms tended to choose a more integrated strategy and excluded equity joint ventures. The research indicates that firms' relational capabilities help them reduce external transaction costs and identify strategies with the lowest efficiency.","PeriodicalId":46986,"journal":{"name":"Strategic Change-Briefings in Entrepreneurial Finance","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2023-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45348914","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
Economic policy uncertainty and enterprise strategic change: Evidence from China 经济政策不确定性与企业战略变革:来自中国的证据
IF 2.8
Strategic Change-Briefings in Entrepreneurial Finance Pub Date : 2023-07-07 DOI: 10.1002/jsc.2549
Chao Li, Meng Huo, Chun Li, Guodong Li, Renhuai Liu
{"title":"Economic policy uncertainty and enterprise strategic change: Evidence from China","authors":"Chao Li, Meng Huo, Chun Li, Guodong Li, Renhuai Liu","doi":"10.1002/jsc.2549","DOIUrl":"https://doi.org/10.1002/jsc.2549","url":null,"abstract":"","PeriodicalId":46986,"journal":{"name":"Strategic Change-Briefings in Entrepreneurial Finance","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41337336","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
Founder involvement in CEO turnover 创始人参与CEO更替
Strategic Change-Briefings in Entrepreneurial Finance Pub Date : 2023-05-29 DOI: 10.1002/jsc.2547
Oskar Kowalewski, Aleksandra Majda-Kariozen, Blazej Socha
{"title":"Founder involvement in <scp>CEO</scp> turnover","authors":"Oskar Kowalewski, Aleksandra Majda-Kariozen, Blazej Socha","doi":"10.1002/jsc.2547","DOIUrl":"https://doi.org/10.1002/jsc.2547","url":null,"abstract":"Abstract We study the role of a company founder in the internal governance of firms. Using a sample of 484 CEO turnovers for 2000–2015, we establish that CEOs are fired for poor performance. However, the likelihood of a poor‐performing founder‐CEO being fired is lower than that of an outsider CEO. Moreover, having a founder as a member of the executive or supervisory board decreases the likelihood that a CEO will be dismissed for poor performance. Similarly, founder ownership may have the same effect on CEO turnover. Finally, being a founder does not guarantee a poor‐performing CEO a chairman position after being fired.","PeriodicalId":46986,"journal":{"name":"Strategic Change-Briefings in Entrepreneurial Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135741162","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
Influence of international ownership on the performance of local social enterprises: Evidence from the global microfinance industry 国际所有权对地方社会企业绩效的影响——来自全球小额信贷行业的证据
IF 2.8
Strategic Change-Briefings in Entrepreneurial Finance Pub Date : 2023-01-09 DOI: 10.1002/jsc.2536
Kwame Ohene Djan, S. Nyarko, R. Mersland, Leif Atle Beisland, L. Nakato
{"title":"Influence of international ownership on the performance of local social enterprises: Evidence from the global microfinance industry","authors":"Kwame Ohene Djan, S. Nyarko, R. Mersland, Leif Atle Beisland, L. Nakato","doi":"10.1002/jsc.2536","DOIUrl":"https://doi.org/10.1002/jsc.2536","url":null,"abstract":"","PeriodicalId":46986,"journal":{"name":"Strategic Change-Briefings in Entrepreneurial Finance","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2023-01-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43106078","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
A systematic literature review and bibliometric analysis of research on COVID‐19 in strategy journals 战略期刊对COVID - 19研究的系统文献综述和文献计量分析
IF 2.8
Strategic Change-Briefings in Entrepreneurial Finance Pub Date : 2022-12-26 DOI: 10.1002/jsc.2538
Olivier Guyottot, É. Le Fur
{"title":"A systematic literature review and bibliometric analysis of research on COVID‐19 in strategy journals","authors":"Olivier Guyottot, É. Le Fur","doi":"10.1002/jsc.2538","DOIUrl":"https://doi.org/10.1002/jsc.2538","url":null,"abstract":"Abstract This article presents a literature review and a bibliometric analysis of academic research on COVID‐19 in strategy journals. The research topic is highly relevant considering the importance and the impact of the COVID‐19 pandemic on companies' strategies worldwide and the fact that this pandemic has represented at the same time danger and opportunity for companies. The study comprises a review of 241 articles published in peer‐reviewed journals from 2020 to the first quarter of 2022. Bibliometric and science mapping methods apply indicators identifying the most prominent journals, authors, countries, institutions, and topics. This approach allows a literature review highlighting the importance of five clusters on the COVID‐19 impact on strategy journals: entrepreneurship, innovation, digital transformation, leadership, and resilience. They are strongly interrelated, and this study shows there are still many areas for further research within and outside these clusters. COVID‐19 context offers perfect conditions to test theories and implement new research projects considering the high risk for other events of this type in the future.","PeriodicalId":46986,"journal":{"name":"Strategic Change-Briefings in Entrepreneurial Finance","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2022-12-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46751189","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
Who are the founders of venture capital‐backed initial public offering companies in the United States? 谁是美国风险投资支持的首次公开募股公司的创始人？
IF 2.8
Strategic Change-Briefings in Entrepreneurial Finance Pub Date : 2022-12-26 DOI: 10.1002/jsc.2537
Jinjing Zhu
{"title":"Who are the founders of venture capital‐backed initial public offering companies in the United States?","authors":"Jinjing Zhu","doi":"10.1002/jsc.2537","DOIUrl":"https://doi.org/10.1002/jsc.2537","url":null,"abstract":"","PeriodicalId":46986,"journal":{"name":"Strategic Change-Briefings in Entrepreneurial Finance","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2022-12-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45369158","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
Social and financial performance of microfinance institutions and its drivers: Evidence from MENA region 小额信贷机构的社会和财务表现及其驱动因素：来自中东和北非地区的证据
IF 2.8
Strategic Change-Briefings in Entrepreneurial Finance Pub Date : 2022-12-15 DOI: 10.1002/jsc.2535
Ines Ben Abdelkader
{"title":"Social and financial performance of microfinance institutions and its drivers: Evidence from\u0000 MENA\u0000 region","authors":"Ines Ben Abdelkader","doi":"10.1002/jsc.2535","DOIUrl":"https://doi.org/10.1002/jsc.2535","url":null,"abstract":"","PeriodicalId":46986,"journal":{"name":"Strategic Change-Briefings in Entrepreneurial Finance","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2022-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41873631","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
Governance diversity: Its impact on strategic variation and results 治理多样性:对战略变化和结果的影响
IF 2.8
Strategic Change-Briefings in Entrepreneurial Finance Pub Date : 2022-12-15 DOI: 10.1002/jsc.2534
Ihssan Samara, M. Nandakumar, Nicholas O'Regan, H. Almoumani
{"title":"Governance diversity: Its impact on strategic variation and results","authors":"Ihssan Samara, M. Nandakumar, Nicholas O'Regan, H. Almoumani","doi":"10.1002/jsc.2534","DOIUrl":"https://doi.org/10.1002/jsc.2534","url":null,"abstract":"","PeriodicalId":46986,"journal":{"name":"Strategic Change-Briefings in Entrepreneurial Finance","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2022-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48712770","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
首页 上一页 下一页 尾页
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整，为了账户安全，请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
请完成安全验证×
相关产品
×
本文献相关产品
联系我们：info@booksci.cn Book学术提供免费学术资源搜索服务，方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号：481959085
Book学术官方微信