{"title":"Decomposing profile-to-role configurations in R&D-focused entrepreneurial teams","authors":"","doi":"10.1016/j.emj.2023.04.009","DOIUrl":"10.1016/j.emj.2023.04.009","url":null,"abstract":"<div><div>We draw on social categorization theory to explain how entrepreneurial teams focused on research and development (R&D) are configured to deliver successful new venture performance. Research on entrepreneurial teams tends to aggregate individuals to the team level, which helps distill the effects of complementarities among social categories of team members. Specifically, we examine how scientists and managers apply their unique profiles (i.e., accumulated skills and expertise) to execute their respective roles within entrepreneurial teams engaged in commercial scientific discovery. In line with the entrepreneurial team literature, we distinguish between “focused” and “diversified” social categorizations of principal scientists and managers. As such, we differentiate between individuals’ deep knowledge of a discipline and a background in two professional areas with relative expertise in each, likened to the “jack-of-all-trades”. We analyze how team profile-to-role configurations might result in different new venture outcomes being R&D performance and commercial performance. To examine our models, we use multi-source, longitudinal, secondary data drawn from 153 government-funded research-intensive ventures associated with the National Cancer Institute in the United States (U.S.). Our results reveal differential effects for R&D performance and commercial performance. We find that teams aiming to enhance their R&D performance should seek diversified principal scientists, whereas teams seeking commercial gains should appoint diversified managers. By the same token, diversified team members may bypass their own shortcomings and complement their strengths by attracting team members with focused social categorizations.</div></div>","PeriodicalId":48290,"journal":{"name":"European Management Journal","volume":"42 5","pages":"Pages 813-823"},"PeriodicalIF":7.5,"publicationDate":"2024-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41547371","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"“A show of good taste” – How creative individuals can employ signal observability strategies to influence their reputation among experts: Evidence from French gastronomy","authors":"","doi":"10.1016/j.emj.2023.05.006","DOIUrl":"10.1016/j.emj.2023.05.006","url":null,"abstract":"<div><div><span>Answering the call for a clearer understanding of how experts assess the reputation of those in the creative industries, our paper investigates how creative individuals can enhance their reputation among experts through greater application of signaling theories. We draw on a </span>qualitative study of five gastronomic French chefs to demonstrate the various types of leverage they can employ in order to be noticed by experts. Our findings suggest that chefs can influence their reputation among experts by enhancing the observability of their signals through four types of managerial leverage. These findings allow us to develop a model that encourages creative individuals to take action and employ these leverages to positively influence their relationships with experts and, therefore, their reputation.</div></div>","PeriodicalId":48290,"journal":{"name":"European Management Journal","volume":"42 5","pages":"Pages 779-790"},"PeriodicalIF":7.5,"publicationDate":"2024-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48344424","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Top management team and board of directors as the strategic leadership system: The effect of behavioral integration on strategic decision-making quality","authors":"","doi":"10.1016/j.emj.2023.04.010","DOIUrl":"10.1016/j.emj.2023.04.010","url":null,"abstract":"<div><div>Research on the actors involved in firms' strategic decision-making moves towards the principle that both the top management team (TMT) and the board of directors should be considered more as one interdependent collective. In this study, we view firm governance from a multiteam systems perspective and consider the TMT and board as the strategic leadership system (SLS). Our main goal is to examine whether a higher level of behavioral integration (i.e., interdependence) within the strategic leadership system (SLS BI) leads to higher levels of strategic decision-making quality. Simultaneously, we consider the moderating role of the firm's industry competitiveness (i.e., environmental complexity) as a factor that may increase the cruciality of board-TMT interdependence to reach high quality strategic decisions. Based on a unique multiple respondent sample of 375 SLS members from 47 Belgian private family firms, we find that SLS BI positively affects strategic decision-making quality. Additionally, results indicate that higher environmental complexity strengthens the positive effect of SLS BI on strategic decision-making quality.</div></div>","PeriodicalId":48290,"journal":{"name":"European Management Journal","volume":"42 5","pages":"Pages 721-734"},"PeriodicalIF":7.5,"publicationDate":"2024-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48212705","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Zaheer Khan, Jie Wu, Huda Khan, Joseph Amankwah-Amoah, Michael Czinkota, Nadia Zahoor
{"title":"Exploring periphery–core dynamics in international management: A review, characterizations, and future research agenda","authors":"Zaheer Khan, Jie Wu, Huda Khan, Joseph Amankwah-Amoah, Michael Czinkota, Nadia Zahoor","doi":"10.1016/j.emj.2024.07.004","DOIUrl":"10.1016/j.emj.2024.07.004","url":null,"abstract":"<div><div>This Management Focus section aims to provide insights into the concept of periphery–core dynamics in international business and management. In this Management Focus section, we introduce several studies that illuminate various core issues situated within the \"Periphery–Core Relations\" and the knowledge domain of international management. The core themes inherent in periphery–core dynamics research include resource disparities, the institutional difference hypothesis, knowledge transfer, innovation, and the significant role of emerging multinational enterprises in these dynamics. Additionally, we outline a future research agenda on core-periphery relations.</div></div>","PeriodicalId":48290,"journal":{"name":"European Management Journal","volume":"42 5","pages":"Pages 653-657"},"PeriodicalIF":7.5,"publicationDate":"2024-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142533661","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Peripheral-based subsidiaries and financial and non-financial performance: Evidence from an emerging market","authors":"","doi":"10.1016/j.emj.2024.04.002","DOIUrl":"10.1016/j.emj.2024.04.002","url":null,"abstract":"<div><div>The study aims to explore the mechanisms by which peripheral-based subsidiaries not only enhance financial and non-financial performance (i.e., business performance) but also contribute to creating value for Multinational Enterprises<span> (MNEs). Consequently, this research assesses how Corporate Social Responsibility<span> (CSR) drives Absorptive Capability (AC) and Knowledge Ecosystems (KE), ultimately leading to Business Performance (BP). The present framework integrates Relational Strategy (RS) to examine whether it moderates the link between CSR and KE. Using a database of MNE subsidiaries in Vietnam, this study applies a Partial Least Square approach to Structural Equation Modeling. Our research highlights a significantly positive relationship between CSR and AC, KE, and BP. This result suggests that the better CSR is implemented, the higher the AC, the stronger the KE, and, finally, the better the BP. Additionally, the results confirm that RS moderates the influence of CSR on KE. This finding implies that the impact of CSR on KE varies depending on the extent of RS. Overall, this study contributes to bridging the current gap in International Business literature where little attention has been paid to periphery–core relations concerning knowledge interactions.</span></span></div></div>","PeriodicalId":48290,"journal":{"name":"European Management Journal","volume":"42 5","pages":"Pages 670-684"},"PeriodicalIF":7.5,"publicationDate":"2024-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140596277","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Reverse knowledge transfer from the periphery to the core: Focusing on local market information","authors":"","doi":"10.1016/j.emj.2024.05.006","DOIUrl":"10.1016/j.emj.2024.05.006","url":null,"abstract":"<div><div><span>The aim of this study is twofold. First, the study attempts to identify the factors that affect reverse knowledge transfer (RKT) from the periphery to the core. Second, it explores this phenomenon by classifying subsidiaries into wholly owned subsidiaries and international joint ventures (IJVs), and trying to uncover the differences between these. By employing two theoretical concepts and using the subsidiaries of 195 Chinese firms in Africa, the study confirms that knowledge transfer capacity and relational capital are key determinants for RKT. In particular, the results showed that the knowledge development capability possessed by subsidiaries is a significant influential factor in promoting learning in multinational </span>enterprises (MNEs). In addition, relational capital between IJVs and MNE headquarters functions as a vehicle for facilitating RKT. This paper offers meaningful theoretical and managerial implications based on these results.</div></div>","PeriodicalId":48290,"journal":{"name":"European Management Journal","volume":"42 5","pages":"Pages 698-720"},"PeriodicalIF":7.5,"publicationDate":"2024-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141132142","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Management team categories, social network characteristics, and corporate credit risk","authors":"Tsung-Kang Chen, Yijie Tseng, Yun Hao","doi":"10.1016/j.emj.2024.08.009","DOIUrl":"https://doi.org/10.1016/j.emj.2024.08.009","url":null,"abstract":"We investigate the association between the social networks of management team (AMT) and corporate credit risk using American corporate bond market data. We find that the social network size of AMT is significantly and positively related to corporate bond yield spreads, consistent with the risk-taking mechanism. In addition, the relative social networks of AMT to CEO and subordinate executives to CEO are significantly and positively related to bond yield spreads while that of middle managers to CEO have the opposite association. This implies that relatively greater social networks of subordinate executives could potentially influence the CEO to undertake greater risks, whereas relatively greater social networks of middle managers reduce corporate credit risk mainly through the information-sharing mechanism rather than the risk-taking effect since MM has no direct decision-making authority. Moreover, the variations in social networks among AMT are positively associated with corporate bond yield spreads, suggesting that an inequitable distribution of power among AMT members increases corporate credit risk. Additionally, we find that non-invesment-grade bonds, managerial entrenchment, information asymmetry, and overinvestment all intensify the positive association between AMT social networks and credit risk, namely enhancing the bondholders’ perceptions about the risk-taking mechanism of AMT social networks. Finally, our findings are robust after considering endogeneity concerns and alternative model settings.","PeriodicalId":48290,"journal":{"name":"European Management Journal","volume":"5 1","pages":""},"PeriodicalIF":7.5,"publicationDate":"2024-08-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142223883","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"From pursuit of self-interest to pursuit of happiness: Complementary or contradictory readings of “wealth of nations” and “theory of moral sentiments”?","authors":"Farah Naz, Dieter Bögenhold","doi":"10.1016/j.emj.2024.08.008","DOIUrl":"https://doi.org/10.1016/j.emj.2024.08.008","url":null,"abstract":"In the face of global economic volatility and widening socioeconomic disparities, there is a growing call to reevaluate prevailing economic models. Heterodox economists and management scholars increasingly emphasise the significance of happiness and subjective well-being, advocating for a well-being economy that prioritises human welfare over traditional growth-centric approaches. This article contributes to this discourse by critically examining Adam Smith's seminal works, particularly \"The Wealth; of Nations\" and \"The Theory of Moral Sentiments.\" It argues for a nuanced; understanding of economic growth and progress, integrating subjective well-being and ethical considerations into contemporary management frameworks. Despite limited attention in management literature, Smith's ideas about the relationship between wealth and happiness offer valuable insights for modern management and the emerging field of well-being economics. This article explores how the relationship between wealth and happiness in Smith's works holds promise for contemporary debates.","PeriodicalId":48290,"journal":{"name":"European Management Journal","volume":"54 1","pages":""},"PeriodicalIF":7.5,"publicationDate":"2024-08-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142181543","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Moral sentiments and sustainable finance: A proposal for new market segmentation","authors":"Tom Hashimoto, Maik Huettinger","doi":"10.1016/j.emj.2024.08.007","DOIUrl":"https://doi.org/10.1016/j.emj.2024.08.007","url":null,"abstract":"This article revisits Smith's account of self-interest to critically explore challenges and debates surrounding sustainable finance in contemporary organizational and institutional settings. Adam Smith derives his notion of ‘self-interest’ as concerned with both ‘self-love’ (care for oneself) and ‘sympathy’ (care for others); elements that are increasingly siloed in contemporary business settings. Drawing inspiration from (WoN) and the insightful wisdom of (TMS), this article aims to underscore how Smith's pivotal concepts, including sympathy, the impartial spectator, and justice, provide a strategic compass for characterizing demand within retail finance markets. More specifically, it argues for the potential for both demand and supply side considerations in sustainable finance to contemplate a more plural concept of self-interest. At the same time, it recognizes that currently available ESG (environmental, social, and governance) products are largely driven by ‘self-love,’ and as such, the ‘sympathy’ of investors is ignored, manipulated, or misplaced. To move beyond this socio-financial dilemma, we propose to segment sustainable finance into the ESG market and the SSI (social and sustainable investment) market, with the latter specifically addressing the demands for ‘sympathy.’ In this context, future work could explore and highlight the role of regulators in ensuring a Smithian self-interest in sustainable finance.","PeriodicalId":48290,"journal":{"name":"European Management Journal","volume":"59 1","pages":""},"PeriodicalIF":7.5,"publicationDate":"2024-08-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142181544","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The role of focal leaders in collective leadership behavior: A historiometric analysis of socialized and personalized leaders","authors":"Ares Boira Lopez, Shane Connelly","doi":"10.1016/j.emj.2024.08.006","DOIUrl":"https://doi.org/10.1016/j.emj.2024.08.006","url":null,"abstract":"The increasing adoption of collectivistic leadership approaches in organizations has sparked a growing interest in understanding factors influencing their emergence and effectiveness. In their collective leadership framework, Friedrich, Vessey, Schuelke, Ruark, and Mumford (2009) underscore the pivotal role of focal leaders in sharing aspects of the leadership role and facilitating conditions for the emergence of informal leadership. Despite the imperative of power sharing in this process, no study to date has explored the relationship between power orientation and collective leadership behaviors. To address this gap, we conducted a historiometric leader analysis to compare collective leadership behavior between focal leaders with socialized and personalized orientations. Furthermore, there is a pressing need for additional empirical work investigating the relationships between collective leadership behaviors and outcomes, especially among leaders with different power orientations. Consequently, we conducted a series of correlations for each leader type to gain insight into these relationships. Our results indicate that personalized leaders exhibit less engagement in collective leadership behaviors compared to socialized leaders, and these behaviors successfully discriminate between the two power orientations. Additionally, we observed that personalized leaders who demonstrated greater engagement in collective leadership behaviors achieved more positive and fewer negative outcomes. Implications of these findings are discussed.","PeriodicalId":48290,"journal":{"name":"European Management Journal","volume":"31 1","pages":""},"PeriodicalIF":7.5,"publicationDate":"2024-08-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142181545","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}