{"title":"The Employment Non-Discrimination Act and Board Gender Diversity","authors":"Xiaoqi Chen, Jia Liu, Wouter Torsin","doi":"10.1111/1467-8551.12922","DOIUrl":"https://doi.org/10.1111/1467-8551.12922","url":null,"abstract":"<p>Many US states have adopted Employment Non−Discrimination Acts (ENDAs) to ensure workplace equity and prohibit discrimination based on sexual orientation or gender identity. This study examines if and how the staggered introduction of ENDAs across US states from 2001 to 2018 influences board gender diversity. Using a stacked difference-in-difference analysis with entropy-balanced matching, we identify a 4.3% increase in female board representation for firms headquartered in states that implement ENDAs, relative to the median level of board gender diversity. We employ both internal and external instrumental variable approaches to validate our primary findings. Notably, the effect is more pronounced in firms with female leadership and is reversed in firms led by Republican-leaning executives. Moreover, post-ENDA diversity increases are stronger in firms headquartered in Democrat-voting states and those where pre-existing diversity concerns are higher. Further analysis indicates that female board members are more likely to be independent directors and serve on compensation or audit committees. Drawing on isomorphism and spillover theories, our study provides original evidence that ENDAs embed prosocial norms within firms, generating a spillover effect, whereby the inclusivity and diversity fostered at state level in turn enhance board gender diversity at firm level.</p>","PeriodicalId":48342,"journal":{"name":"British Journal of Management","volume":"36 4","pages":"1578-1597"},"PeriodicalIF":5.7,"publicationDate":"2025-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8551.12922","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145197136","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":"Zeitgeist and Ortgeist: Time and Place in Institutional Creation","authors":"Sabina Keston-Siebert, Kevin Orr","doi":"10.1111/1467-8551.12925","DOIUrl":"https://doi.org/10.1111/1467-8551.12925","url":null,"abstract":"<p>How are institutions created is one of the most interesting questions in institutional theory. Some strands of literature favour heroic explanations: mythologizing individuals with vision, tenacity and drive and putting these individuals on the pedestal of the institution. Institutional work literature advocates a more diffuse model whereby the collective effort of institutional actors over time contributes to institutional creation. Drawing on our ethnographic study of the Scottish Parliament, we examined the roles of different institutional actors through the theoretical lens of materiality. We focused on the material base for the institution, the building that houses the Parliament. We asked two questions: How do institutional actors interact with the material nature of the building in institutional creation? And how do these institutional actors, individually and collectively, create the spirit of the place in a new building? We identified some mechanisms in which institutional actors interact with the material nature of the building: mythologizing the institution, searching for discursive legitimacy, accentuating differentiation from other institutions and making incremental changes in the fabric of the building. While acknowledging the importance of the heroic narratives in institutional creation, we draw analytic attention to the collective effort by institutional actors who create the institution and its building over time.</p>","PeriodicalId":48342,"journal":{"name":"British Journal of Management","volume":"36 4","pages":"1694-1708"},"PeriodicalIF":5.7,"publicationDate":"2025-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8551.12925","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145197118","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}
Rachid Jabbouri, Andrea Whittle, Yann Truong, Dirk Schneckenberg
{"title":"Narrative Switching in Entrepreneurial Failure Accounts: Unravelling Discourse Dynamics and Variability","authors":"Rachid Jabbouri, Andrea Whittle, Yann Truong, Dirk Schneckenberg","doi":"10.1111/1467-8551.12924","DOIUrl":"https://doi.org/10.1111/1467-8551.12924","url":null,"abstract":"<p>This inductive study investigates the phenomenon of narrative switching in accounts of failure within entrepreneurial contexts, which occurs when a narrator suddenly switches to an alternative story of the events within the same interaction. Using a stories-in-action perspective, we present the findings of a narrative analysis of in-depth interviews with corporate entrepreneurs following a failed collaborative R&D project. We analyse the triggers, functions and implications of narrative switching. Our findings challenge the assumption that narrators typically use one type of story to make sense of failure. Instead, we highlight the interpersonal actions performed when a narrator ‘changes the story’. These actions include altering the takeaway ‘message’, ‘moral’, or ‘coda’ of the story, shifting the presentation of self-identity and managing accountability related to the failure. Our research underlines the importance of narrative switching as a discursive device in failure accounts and contributes to the broader understanding of how narrative switching shapes sensemaking and identity construction in the face of entrepreneurial challenges.</p>","PeriodicalId":48342,"journal":{"name":"British Journal of Management","volume":"36 4","pages":"1616-1634"},"PeriodicalIF":5.7,"publicationDate":"2025-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8551.12924","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145197049","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":"How to Digitalize Social Enterprises: Evidence From Private Museums in China","authors":"Xinyi Fan, Ying Liu, Anlan Chen, Yongyi Shou","doi":"10.1111/1467-8551.12923","DOIUrl":"https://doi.org/10.1111/1467-8551.12923","url":null,"abstract":"<p>A social enterprise may attempt to digitalize its value chain to better fulfil its dual mission; however, the outcomes depend on boundary conditions such as its emphasis on diverse stakeholders, a factor that is rarely examined in the extant literature. Drawing upon stakeholder theory and prior research on digital transformation, this study empirically investigates the strategic fit between stakeholder orientation and value chain digitalization of social enterprises. Using fuzzy-set qualitative comparative analysis (fsQCA) and data collected from 103 private museums in China, this study identifies multiple equifinal configurations of stakeholder orientations (including visitor, donor and collaborator orientations) and value chain digitalization for social and economic value creation. This study also proposes a sand cone model for the digital transformation of private museums. It extends the application of stakeholder theory in the social enterprise context by highlighting the heterogeneity in stakeholder orientations and revealing the unique contribution of collaborator orientation to the dual mission. In addition, this study offers practical implications for social entrepreneurs and managers concerning digital transformation and value creation.</p>","PeriodicalId":48342,"journal":{"name":"British Journal of Management","volume":"36 4","pages":"1635-1652"},"PeriodicalIF":5.7,"publicationDate":"2025-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145196584","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":"CSR Performance and Firm Value: Disentangling the Role of ESG Rating Providers","authors":"Albane C. Tarnaud, Mohammed Zakriya","doi":"10.1111/1467-8551.12920","DOIUrl":"https://doi.org/10.1111/1467-8551.12920","url":null,"abstract":"<p>We study the impact on firm valuation of a novel exogenous shock to environmental, social, and governance (ESG) data that affects how firms’ corporate social responsibility (CSR) gets measured by a third-party ESG data provider. Our analysis reveals a significantly higher sensitivity of firm values to CSR ratings for firms whose CSR ratings were affected by the change in ESG reporting methodology. Moreover, firms with low capital constraints or low institutional ownership tend to drive the value sensitivity of CSR ratings when ESG reporting gets revamped. These findings provide insight into how ESG rating providers could influence and shape firms’ actual CSR engagement.</p>","PeriodicalId":48342,"journal":{"name":"British Journal of Management","volume":"36 4","pages":"1553-1577"},"PeriodicalIF":5.7,"publicationDate":"2025-05-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145196581","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":"Leadership Dynamics in Open Innovation: A Dynamic Process Model","authors":"Deborah. L. Roberts, Simona Spedale","doi":"10.1111/1467-8551.12919","DOIUrl":"https://doi.org/10.1111/1467-8551.12919","url":null,"abstract":"<p>This study contributes to understanding the human side of open innovation (OI) by reconceptualizing leadership as an emergent and dynamic process. Drawing upon extensive research in leadership theory and insights from emerging studies on non-traditional organizational structures such as online communities and technology collaborations, the study introduces a dynamic process model of leadership within OI environments. Central to this model are two pivotal dimensions: the foundation of leadership authority (formal vs. informal) and the leader's orientation to engaging followers (democratic/participative vs. autocratic/hierarchical). The model is empirically validated by means of a longitudinal case study of co-creation initiatives – a type of OI – within the cultural heritage sector. Three theoretical implications are derived from the analysis. First, we observe a dynamic interplay among various informal sources of authority – technical expertise and interpersonal trust – across the duration of OI projects. Second, the leader's orientation to followers constitutes a skill and an adaptive capability rather than a fixed personal trait. Third, we underscore the significance of physical proximity as a crucial determinant of leadership effectiveness in OI settings, influencing a leader's comprehension and interpretation of the contextual landscape. In doing so the study advances and enriches the theoretical underpinnings of OI leadership, moving beyond conventional models rooted in closed-innovation paradigms. Our research underscores the necessity of embracing the dynamic nature of leadership within OI projects, offering valuable insights for practitioners and scholars alike.</p>","PeriodicalId":48342,"journal":{"name":"British Journal of Management","volume":"36 4","pages":"1539-1552"},"PeriodicalIF":5.7,"publicationDate":"2025-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145196419","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":"It Is Not All in the Debt Level: Debt Maturity Structure and Complete Export Withdrawal in International New Ventures","authors":"Ine Paeleman, Virginie Mataigne, Tom Vanacker","doi":"10.1111/1467-8551.12921","DOIUrl":"https://doi.org/10.1111/1467-8551.12921","url":null,"abstract":"<p>Past research shows that firms with constrained access to debt are more likely to withdraw from exporting. We argue that firms’ debt maturity structure – that is their use of short-term versus long-term debt – also matters, because different debt maturities entail different risks (i.e. liquidity risk versus underinvestment risk). Using data from Belgian international new ventures (INVs), and controlling for self-selection into exporting, we find that INVs relying primarily on either short-term debt or long-term debt are more likely to subsequently withdraw from exporting than INVs with a balanced debt maturity structure (i.e. comprising an optimal mixture of short- and long-term debts). This U-shaped relationship is weaker for INVs with more financial slack and stronger for those with higher growth opportunities. Overall, while past research emphasizes the impact of financial resource <i>levels</i> on export withdrawal, our study underscores the role of the <i>structure</i> of these resources. Our study contributes to the international entrepreneurship literature and resource mobilization literature in management.</p>","PeriodicalId":48342,"journal":{"name":"British Journal of Management","volume":"36 4","pages":"1598-1615"},"PeriodicalIF":5.7,"publicationDate":"2025-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145197122","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}
Jerry Coakley, Douglas Cumming, Aristogenis Lazos, Silvio Vismara
{"title":"Lead Investor Nominee in Equity Crowdfunding","authors":"Jerry Coakley, Douglas Cumming, Aristogenis Lazos, Silvio Vismara","doi":"10.1111/1467-8551.12918","DOIUrl":"https://doi.org/10.1111/1467-8551.12918","url":null,"abstract":"<p>The lead investor nominee structure in equity crowdfunding (ECF) integrates the strengths of the pure ECF and angel ECF models. By committing their own capital, lead investors address two key challenges: mitigating adverse selection through thorough due diligence and reducing moral hazard by monitoring the firm post-campaign to secure returns. The digital nominee governance structure ensures equal ownership and voting rights for all investors, resolving potential conflicts between angels, accredited investors and the crowd. This model fosters collaboration between professional investors and the crowd, leveraging their respective strengths. Analysis of extensive UK data shows that nominee ECF campaigns outperform direct ownership campaigns in both the short and long term. These findings provide valuable governance insights for platform managers and policymakers.</p>","PeriodicalId":48342,"journal":{"name":"British Journal of Management","volume":"36 4","pages":"1524-1538"},"PeriodicalIF":5.7,"publicationDate":"2025-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8551.12918","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145196789","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":"Cyborg Methodologies: Rewriting the Role of Digital, Social and Mobile Media Technologies in the Production of Knowledge","authors":"Josi Fernandes, Katy Mason","doi":"10.1111/1467-8551.12911","DOIUrl":"https://doi.org/10.1111/1467-8551.12911","url":null,"abstract":"<p>The ubiquitous entanglement of digital, social and mobile media – and increasingly generative artificial intelligence – in everyday life is reconstituting us (and our methodologies) as <i>cyborg</i>. This paper sets out to explore <i>how</i> cyborg methodologies can positively impact research practice and outcomes. In doing so, we reveal the mediating effects of digital technologies, the promissory and performative knowledge they co-produce and the new temporal-spatial ways of seeing this process affords: the generation of new, long chains of data that engender new ways of seeing and knowing <i>in situ</i> (in Rocinha) and <i>at large</i> (from Northwest England). Using examples from our own <i>cyborg methodologies</i> we illustrate how WhatsApp and Facebook acted as a constitutive and transformative digital technology, helping to <i>(re)frame</i> the site of inquiry, <i>(re)assemble</i> the methodological tools at hand and <i>(re)form</i> the knowledge produced in a dynamic process of unfolding understanding in a favela-based market study, in Brazil. Consequently, we argue the need to <i>(re)write</i> accounts of research practice, to provide additional transparency of the co-production of knowledge between human researchers and digital technologies and suggest that doing so will empower scholars to perform new realities and promissories, future-oriented imaginaries with the power to enact real-world impact.</p>","PeriodicalId":48342,"journal":{"name":"British Journal of Management","volume":"36 4","pages":"1399-1415"},"PeriodicalIF":5.7,"publicationDate":"2025-04-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8551.12911","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145196609","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":"Do Networks Matter? An Examination of the Role of Coinvestors in Equity Crowdfunding","authors":"Wanxiang Cai, Friedemann Polzin","doi":"10.1111/1467-8551.12917","DOIUrl":"https://doi.org/10.1111/1467-8551.12917","url":null,"abstract":"<p>Due to information asymmetries in financial markets, investors tend to share information with their coinvestors to avoid adverse selection. Equity crowdfunding platforms enable coinvestment without direct communication between investors, leading to homophily-driven coinvestments – that is, coinvestments that result from similarities between crowdfunders. These confounding mechanisms in coinvestment patterns give rise to empirical challenges in identifying the influence of investor networks on equity crowdfunders’ decision-making. We addressed this by conducting a mixed-methods study. We quantitatively analysed campaign-level investor-pair data and found that after a focal investor pledges to a campaign, a subsequent investor's funding propensity increases with the number of previous coinvestments between them. Social networks between coinvestors matter in such relationships because their time intervals are shorter than those of other investor pairs. These intervals become even shorter when a campaign raises little funding. Our complementary qualitative findings confirm the role of social networks but suggest that only offline networks affect investors’ decision-making. Our research has important implications for entrepreneurs’ fundraising strategies, platform governance and policy.</p>","PeriodicalId":48342,"journal":{"name":"British Journal of Management","volume":"36 4","pages":"1490-1505"},"PeriodicalIF":5.7,"publicationDate":"2025-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8551.12917","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145196355","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}