British Journal of Management最新文献_第7页

Environmental Regulation and Access to Credit 环境监管与获得信贷

IF 4.5 2区管理学

British Journal of Management Pub Date : 2024-07-02 DOI: 10.1111/1467-8551.12848

Viet A. Dang, Ning Gao, Tiancheng Yu

{"title":"Environmental Regulation and Access to Credit","authors":"Viet A. Dang, Ning Gao, Tiancheng Yu","doi":"10.1111/1467-8551.12848","DOIUrl":"10.1111/1467-8551.12848","url":null,"abstract":"We show that climate priorities codified in regulations significantly impact firms’ access to credit, especially long-term credit, an important financial resource required for achieving business viability and sustainability goals. Following the implementation of a prominent cap-and-trade programme aimed at controlling nitrogen oxides (NOx) in the United States (the NOx Budget Trading Program, NBP), manufacturers experienced decreased debt maturity structures, driven by reduced access to long-maturity debt, but did not alter their use of short-term debt or trade credit. The NBP's effect on long-term credit is more pronounced for firms with higher degrees of electricity intensity, financial constraints, information frictions or rollover risk. It ultimately led to deteriorating firm value and operating performance. Increased energy costs and elevated operating leverage explain firms’ reduced access to long-term credit. Our findings highlight the potential unintended consequences of policy instruments designed to boost a specific aspect of sustainability and the complex nature of managing corporate financial and sustainability goals.","PeriodicalId":48342,"journal":{"name":"British Journal of Management","volume":"36 1","pages":"303-322"},"PeriodicalIF":4.5,"publicationDate":"2024-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8551.12848","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141548501","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}

引用次数: 0

Bank Competition, Loan Portfolio Concentration and Stock Price Crash Risk: The Role of Tone Ambiguity 银行竞争、贷款组合集中度与股价暴跌风险：语气模糊的作用

IF 4.5 2区管理学

British Journal of Management Pub Date : 2024-07-01 DOI: 10.1111/1467-8551.12850

Nikolaos C. Gkoumas, George N. Leledakis, Emmanouil G. Pyrgiotakis, Ion Androutsopoulos

{"title":"Bank Competition, Loan Portfolio Concentration and Stock Price Crash Risk: The Role of Tone Ambiguity","authors":"Nikolaos C. Gkoumas, George N. Leledakis, Emmanouil G. Pyrgiotakis, Ion Androutsopoulos","doi":"10.1111/1467-8551.12850","DOIUrl":"10.1111/1467-8551.12850","url":null,"abstract":"We examine the association between loan portfolio concentration, competition and stock price crash risk in the US banking industry. We find that during economic downturns, banks with poorly diversified loan portfolios that operate in competitive markets are more likely to crash. Importantly, we show that this link is channelled through aggressive earnings management and ambiguous annual reports. Therefore, managerial ambiguity can serve as an early warning signal of information obfuscation, which can eventually lead to stock price crashes. As a quasi-natural experiment, we use the passage of the Economic Growth, Regulatory Relief, and Consumer Protection Act in 2018. This policy lowered the regulatory requirements and oversight for a specific group of large banks. The results of a difference-in-differences analysis support our baseline findings and add to the ongoing debate on the roots of the 2023 banking crisis. Therefore, our findings can be informative to market participants, regulators and policy makers.","PeriodicalId":48342,"journal":{"name":"British Journal of Management","volume":"36 1","pages":"323-341"},"PeriodicalIF":4.5,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8551.12850","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141522159","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}

引用次数: 0

Alliance Partner Choice and CEOs’ Facial Structure 联盟合作伙伴的选择与首席执行官的面部结构

IF 4.5 2区管理学

British Journal of Management Pub Date : 2024-06-27 DOI: 10.1111/1467-8551.12847

Ribuga Kang, Jingoo Kang, Andy Y. Han Kim, Yoonhee Choi

引用次数: 0

Alumni Network Centrality and Competitive Aggressiveness 校友网络中心性与竞争进取性

IF 4.5 2区管理学

British Journal of Management Pub Date : 2024-06-26 DOI: 10.1111/1467-8551.12849

Shenglan Chen, Douglas Cumming, Xiaoling Liu, Hui Ma, Cheng Yan

引用次数: 0

Towards a Synergistic Multi-stakeholder Approach to CSR in Crisis: Learning from Large Global Firms’ Responses to COVID-19 危机中的企业社会责任的多利益相关方协同方法：从全球大型企业应对 COVID-19 的措施中学习

IF 4.5 2区管理学

British Journal of Management Pub Date : 2024-06-24 DOI: 10.1111/1467-8551.12844

Vassiliki Bamiatzi, Steven A. Brieger, Stephan Manning, Shiqianbao Shi, Tahir Islam

{"title":"Towards a Synergistic Multi-stakeholder Approach to CSR in Crisis: Learning from Large Global Firms’ Responses to COVID-19","authors":"Vassiliki Bamiatzi, Steven A. Brieger, Stephan Manning, Shiqianbao Shi, Tahir Islam","doi":"10.1111/1467-8551.12844","DOIUrl":"10.1111/1467-8551.12844","url":null,"abstract":"Firms are increasingly expected to engage in corporate social responsibility (CSR) in reaction to external crises. Yet, we still know little about how they do it. This study discusses what we can learn from how large global firms responded to the COVID-19 pandemic. Employing a cluster analysis on Fortune Global 500 firms, our findings reveal that to meet both institutional and economic pressures posed by the crisis, global firms adopted what we call a synergistic multi-stakeholder approach by addressing the needs of multiple stakeholder groups simultaneously through transferable response strategies. These strategies varied by firm, ranging from donations and educational initiatives to collaboration and minimal support. We discuss the characteristics and potential drivers of each strategy. Our findings suggest that synergistic CSR strategies combine (social) value creation with operational efficiencies across stakeholder groups, with critical implications for how firms may respond to future disasters and crises.","PeriodicalId":48342,"journal":{"name":"British Journal of Management","volume":"35 3","pages":"1180-1197"},"PeriodicalIF":4.5,"publicationDate":"2024-06-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8551.12844","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141502928","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}

引用次数: 0

Reimagining Business and Management as a Force for Good 将企业与管理重新塑造为一股善的力量

IF 4.5 2区管理学

British Journal of Management Pub Date : 2024-06-23 DOI: 10.1111/1467-8551.12846

Ken McPhail, Mario Kafouros, Peter McKiernan, Nelarine Cornelius

{"title":"Reimagining Business and Management as a Force for Good","authors":"Ken McPhail, Mario Kafouros, Peter McKiernan, Nelarine Cornelius","doi":"10.1111/1467-8551.12846","DOIUrl":"10.1111/1467-8551.12846","url":null,"abstract":"The literature has called on business and management scholars to help understand the global challenges we face and to find solutions. The prevailing narratives that have implicitly informed our understanding of business and management knowledge and practice as good need to be reimagined. We question whether our existing theoretical lenses, along with fundamental underlying assumptions about what constitutes labour, value and its creation, and the nature of assets, liabilities and materiality, act as a barrier to advancing business and management practice as a force for good and explore whether we need to go beyond applying existing theory to new research questions. Both Agency Theory and Stakeholder Theory have proven ineffective in aligning social and economic interests, while our disciplinary and publishing customs constrain our imagination and impede conceptions of fundamentally new ways of practising business. We explore why we need to reimagine business and management; what we mean by reimagining business and management and what it means to be a force for good. We conclude that if the purpose of business needs to be reimagined, business schools will also need to change to be major catalysts in this process.","PeriodicalId":48342,"journal":{"name":"British Journal of Management","volume":"35 3","pages":"1099-1112"},"PeriodicalIF":4.5,"publicationDate":"2024-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8551.12846","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141502929","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}

引用次数: 0

Making Knowledge Claims from Qualitative Interviews: A Typology of Epistemological Modes 从定性访谈中提出知识主张：认识论模式的类型学

IF 4.5 2区管理学

British Journal of Management Pub Date : 2024-06-17 DOI: 10.1111/1467-8551.12845

Andrea Whittle, Stefanie Reissner

引用次数: 0

Do Climate Change Regulatory Pressures Increase Corporate Environmental Sustainability Performance? The Moderating Roles of Foreign Market Exposure and Industry Carbon Intensity 气候变化监管压力会提高企业环境可持续性绩效吗？国外市场风险和行业碳强度的调节作用

IF 4.5 2区管理学

British Journal of Management Pub Date : 2024-06-14 DOI: 10.1111/1467-8551.12841

Xiaolong Shui, Minhao Zhang, Yichuan Wang, Palie Smart

{"title":"Do Climate Change Regulatory Pressures Increase Corporate Environmental Sustainability Performance? The Moderating Roles of Foreign Market Exposure and Industry Carbon Intensity","authors":"Xiaolong Shui, Minhao Zhang, Yichuan Wang, Palie Smart","doi":"10.1111/1467-8551.12841","DOIUrl":"10.1111/1467-8551.12841","url":null,"abstract":"This study focuses on climate change regulatory pressures at the national/regional level, which can be considered emergent institutions – newly established and subject to change – in contrast to established institutions. We explore their impact on the environmental sustainability performance of multinational enterprises, advancing beyond the extant literature's focus on their binary compliance reactions. Utilizing a sample of Standard & Poor's 1200 firms, our findings indicate that variations in climate change regulatory pressures at the national/regional level can account for differences in environmental sustainability performance at the corporate level. Moreover, this relationship is moderated by two critical firm characteristics: foreign market exposure and industry carbon intensity. Foreign market exposure, particularly in the context of developing countries, can diminish the positive effects of a home country's climate change regulatory pressures, while industry carbon intensity can amplify these effects.","PeriodicalId":48342,"journal":{"name":"British Journal of Management","volume":"36 1","pages":"223-239"},"PeriodicalIF":4.5,"publicationDate":"2024-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8551.12841","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141343291","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}

引用次数: 0

‘Good Work’ and Alternative Food Initiatives: A Workplace Spirituality Perspective 好工作 "与替代性食品倡议：工作场所的精神信仰视角

IF 4.5 2区管理学

British Journal of Management Pub Date : 2024-06-06 DOI: 10.1111/1467-8551.12842

Natasha Gjorevska

{"title":"‘Good Work’ and Alternative Food Initiatives: A Workplace Spirituality Perspective","authors":"Natasha Gjorevska","doi":"10.1111/1467-8551.12842","DOIUrl":"10.1111/1467-8551.12842","url":null,"abstract":"This paper explores ‘good work’ as purpose-driven organizing for positive social impact in the case of alternative food initiatives (AFIs). AFIs accommodate alternative ways of food production and consumption that tackle the world's pressing sustainability challenges. Considering the centrality of workers’ motives, beliefs for generating/sustaining alternative and spiritual work/organizational contexts, this study bridges the knowledge on AFIs and workplace spirituality (WS) through the individual-level perspective. The paper explores AFI members’ workplace motives and experiences to understand how these individuals make sense of their work, and to draw insights on what ‘good work’ entails in this organizational realm. Data were collected via a two-phase study from a total of 28 members of organizations based in Glasgow, Scotland. The results show that AFI members’ work drivers include spiritual (as other-regarding) motives and that the perceived value of their work is in contributing to the welfare of others through a workspace of belonging, freedom and care. The findings suggest that a WS perspective can help in understanding how AFI members approach their work to create (greater) good. Drawing on the lessons from the case analysis within the AFI context, this paper highlights the relevance of WS for repurposing work and organizing.","PeriodicalId":48342,"journal":{"name":"British Journal of Management","volume":"35 3","pages":"1209-1223"},"PeriodicalIF":4.5,"publicationDate":"2024-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8551.12842","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141378509","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}

引用次数: 0

Collective Capabilities for Organizational Democracy: The Case of Mutual Social Enterprises 组织民主的集体能力：社会互助企业案例

IF 4.5 2区管理学

British Journal of Management Pub Date : 2024-06-05 DOI: 10.1111/1467-8551.12840

Ian Vickers, Fergus Lyon, Leandro Sepulveda

{"title":"Collective Capabilities for Organizational Democracy: The Case of Mutual Social Enterprises","authors":"Ian Vickers, Fergus Lyon, Leandro Sepulveda","doi":"10.1111/1467-8551.12840","DOIUrl":"10.1111/1467-8551.12840","url":null,"abstract":"Democratic forms of enterprise and economic governance are needed to help address urgent societal challenges where hierarchical decision-making and governance approaches are clearly failing. There is insufficient understanding, however, of the capabilities needed by enterprises to implement and sustain organizational democracy in pressurized operational contexts. We focus on the role of collective capabilities, which arise from interactions between individuals to create collaboration and collective benefits. Interview evidence from 12 mutual social enterprises – organizations that trade with a social purpose – is used to explore the learning processes that underpin the generation of collective capabilities for organizational democracy. The analysis leads us to a theoretical model of collective capabilities development that responds to three fundamental areas of challenge: (i) Adaptive design of governance structures and processes, to balance ‘bottom-up’ democracy with ‘top-down’ stewardship control; (ii) Embedding, extending and revitalizing democracy, by supporting the voice, capabilities and confidence of workers and users to participate in collaborative governance; and (iii) Fostering deliberative learning, to navigate tensions and conflict between plural perspectives and achieve collective aims. In concluding, we reflect on some institutional and cultural barriers to organizational democracy and the case for more concerted policy action to realize its potential as a crucial component of economic democracy.","PeriodicalId":48342,"journal":{"name":"British Journal of Management","volume":"36 1","pages":"240-254"},"PeriodicalIF":4.5,"publicationDate":"2024-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8551.12840","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141382792","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}

引用次数: 0