{"title":"Don’t Worry, Be Happy—Does the CEO’s Personality Mitigate the Negative Effect of Financial Constraints on Employee Satisfaction?","authors":"Laura Neumeyer, Anna Gründler, Anna-Luisa Stöber","doi":"10.1007/s41471-022-00153-9","DOIUrl":"https://doi.org/10.1007/s41471-022-00153-9","url":null,"abstract":"","PeriodicalId":74759,"journal":{"name":"Schmalenbachs Zeitschrift fur betriebswirtschaftliche Forschung = Schmalenbach journal of business research","volume":"13 1","pages":"71-98"},"PeriodicalIF":0.0,"publicationDate":"2023-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89520736","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}
{"title":"Relocatable modular capacities in risk aware strategic supply network planning under demand uncertainty.","authors":"Ariane Kayser, Florian Sahling","doi":"10.1007/s41471-022-00141-z","DOIUrl":"https://doi.org/10.1007/s41471-022-00141-z","url":null,"abstract":"<p><p>We propose a new model formulation for a three-echelon supply network design problem incorporating the concept of relocatable modular capacities. A robust supply network configuration must be determined based on uncertain demand. Furthermore, by incorporating the conditional value at risk (CVaR), the risk induced by uncertain demand is explicitly considered. The derived supply network configuration should maximize the weighted sum of the expected net present value and the CVaR. The resulting nonlinear model formulation is approximated by a piecewise linearization. Our numerical investigation shows that the derived supply network configuration is robust and stable in the presence of uncertain demand.</p>","PeriodicalId":74759,"journal":{"name":"Schmalenbachs Zeitschrift fur betriebswirtschaftliche Forschung = Schmalenbach journal of business research","volume":"75 1","pages":"1-35"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9632602/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"9335313","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Company Cost of Capital and Leverage: A Simplified Textbook Relationship Revisited.","authors":"Valentin Haag, Christian Koziol","doi":"10.1007/s41471-022-00144-w","DOIUrl":"https://doi.org/10.1007/s41471-022-00144-w","url":null,"abstract":"<p><p>In this paper, we revisit a frequently employed simplification within the WACC approach that company cost of capital <math> <mrow><msub><mi>k</mi> <mi>V</mi></msub> </mrow> </math> is supposed to be invariant to the debt ratio and therefore equal to the unlevered cost <math> <mrow><msub><mi>k</mi> <mi>U</mi></msub> </mrow> </math> . Even though we know from Miles and Ezzell (1980) that <math> <mrow><msub><mi>k</mi> <mi>V</mi></msub> </mrow> </math> formally differs from <math> <mrow><msub><mi>k</mi> <mi>U</mi></msub> </mrow> </math> , treating both costs as equal strongly facilitates the practical firm valuation e.g. when companies strategically change their target debt ratios to a significantly different magnitude after a transaction. We provide both a theoretical model and an empirical analysis using 29 firms of the German stock market to quantify the economic significance between the company cost of a levered and an otherwise identical but unlevered firm. In particular, we can numerically support the usual simplification in the absence of default risk. In case that firms are default-risky, however, empirical findings indicate a clear difference between these costs equal to 1.88 percentage points on average even for moderate assumed bankruptcy costs which translates to a company mispricing of nearly 100%. As a result, the company cost of capital does practically not depend on the debt ratio if the firm is not subject to default risk or if bankruptcy costs are negligible. Otherwise, it does and a negligence of this relationship can cause significant mispricings.</p>","PeriodicalId":74759,"journal":{"name":"Schmalenbachs Zeitschrift fur betriebswirtschaftliche Forschung = Schmalenbach journal of business research","volume":"75 1","pages":"37-69"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10071481/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"9387048","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Using Storytelling to Promote Organizational Resilience: An Experimental Study of Different Forms of Risk Communication","authors":"Andrea Kampmann, Burkhard Pedell","doi":"10.1007/s41471-022-00143-x","DOIUrl":"https://doi.org/10.1007/s41471-022-00143-x","url":null,"abstract":"","PeriodicalId":74759,"journal":{"name":"Schmalenbachs Zeitschrift fur betriebswirtschaftliche Forschung = Schmalenbach journal of business research","volume":"39 1","pages":"695-725"},"PeriodicalIF":0.0,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76360437","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}
K. Möller, Flavia Schmid, Theresa Maria Seehofer, Philipp Wenig
{"title":"How the Design of an Organizational Context Helps to Attain Contextual Ambidexterity","authors":"K. Möller, Flavia Schmid, Theresa Maria Seehofer, Philipp Wenig","doi":"10.1007/s41471-022-00142-y","DOIUrl":"https://doi.org/10.1007/s41471-022-00142-y","url":null,"abstract":"","PeriodicalId":74759,"journal":{"name":"Schmalenbachs Zeitschrift fur betriebswirtschaftliche Forschung = Schmalenbach journal of business research","volume":"23 1","pages":"603-629"},"PeriodicalIF":0.0,"publicationDate":"2022-11-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75739534","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}
{"title":"Publication Behavior in Different Fields of Business Administration: From Anecdotal to Empirical Evidence","authors":"M. Fernandes, A. Walter","doi":"10.1007/s41471-022-00137-9","DOIUrl":"https://doi.org/10.1007/s41471-022-00137-9","url":null,"abstract":"","PeriodicalId":74759,"journal":{"name":"Schmalenbachs Zeitschrift fur betriebswirtschaftliche Forschung = Schmalenbach journal of business research","volume":"68 1","pages":"265 - 306"},"PeriodicalIF":0.0,"publicationDate":"2022-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77152524","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}
{"title":"Managing Multiple Business Models: The Role Of Interdependencies","authors":"H. Harren, Dodo zu Knyphausen‐Aufseß, C. Markides","doi":"10.1007/s41471-022-00134-y","DOIUrl":"https://doi.org/10.1007/s41471-022-00134-y","url":null,"abstract":"","PeriodicalId":74759,"journal":{"name":"Schmalenbachs Zeitschrift fur betriebswirtschaftliche Forschung = Schmalenbach journal of business research","volume":"27 1","pages":"235 - 263"},"PeriodicalIF":0.0,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85690295","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}
Valentin Clemens, C. Sabel, J. N. Foege, Stephan Nüesch
{"title":"System Design Choice in the Sharing Economy: How Different Institutional Logics Drive Consumer Perception and Consumers’ Intention to Use Sharing Systems","authors":"Valentin Clemens, C. Sabel, J. N. Foege, Stephan Nüesch","doi":"10.1007/s41471-022-00133-z","DOIUrl":"https://doi.org/10.1007/s41471-022-00133-z","url":null,"abstract":"","PeriodicalId":74759,"journal":{"name":"Schmalenbachs Zeitschrift fur betriebswirtschaftliche Forschung = Schmalenbach journal of business research","volume":"31 1","pages":"201 - 234"},"PeriodicalIF":0.0,"publicationDate":"2022-04-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82887153","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}