Asia Pacific Journal of Management最新文献_第5页

With higher leverage comes greater responsibility? Excess leverage and corporate social responsibility in China: the moderating role of CEO characteristics 杠杆率越高，责任越大？中国过度杠杆与企业社会责任：CEO特征的调节作用

IF 5.8 2区管理学

Asia Pacific Journal of Management Pub Date : 2025-02-01 DOI: 10.1007/s10490-025-10011-x

Guangyu Huang, Jinhua Li, Liqiong Shen

{"title":"With higher leverage comes greater responsibility? Excess leverage and corporate social responsibility in China: the moderating role of CEO characteristics","authors":"Guangyu Huang, Jinhua Li, Liqiong Shen","doi":"10.1007/s10490-025-10011-x","DOIUrl":"10.1007/s10490-025-10011-x","url":null,"abstract":"<div><p>Previous studies have generally concluded that higher leverage inhibits firms from investing in corporate social responsibility (CSR). However, many excessively leveraged firms in China invest heavily in CSR, raising questions about whether this discrepancy arises from theoretical limitations or practical peculiarities. This study, grounded in China’s unique institutional context and the legitimacy perspective under institutional theory, aims to empirically investigate whether and when excess leverage affects CSR. Our goal is to provide a theoretical explanation for the unique phenomenon of China’s excess-leveraged firms investing substantially in CSR. We argue that excess leverage has a significant positive impact on CSR. This is because the adverse effects of excess leverage cause firms to lose legitimacy, which in turn drives firms to invest more in CSR, as CSR is an important legitimacy-regaining strategy. Moreover, we find that certain CEO characteristics—specifically, having a celebrity CEO, a party member CEO, or an ex-military CEO—exacerbate the legitimacy loss of excessively leveraged firms, thereby reinforcing the positive impact of excess leverage on CSR. Based on empirical tests on data from 2328 Chinese excess-leveraged listed firms from 2011 to 2021, we obtain empirical evidence in support of the above arguments.</p></div>","PeriodicalId":8474,"journal":{"name":"Asia Pacific Journal of Management","volume":"43 1","pages":"137 - 170"},"PeriodicalIF":5.8,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147865659","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}

引用次数: 0

Under the spotlight: contextualizing the firm vs. industry debate through the introduction of neighborhood effects 在聚光灯下：通过引入邻里效应将公司与行业的争论置于背景下

IF 5.8 2区管理学

Asia Pacific Journal of Management Pub Date : 2025-01-22 DOI: 10.1007/s10490-025-10009-5

Siddharth Vedula, Markus Fitza, Anish Purkayastha, Florian Ellsaesser

{"title":"Under the spotlight: contextualizing the firm vs. industry debate through the introduction of neighborhood effects","authors":"Siddharth Vedula, Markus Fitza, Anish Purkayastha, Florian Ellsaesser","doi":"10.1007/s10490-025-10009-5","DOIUrl":"10.1007/s10490-025-10009-5","url":null,"abstract":"<div><p>The relative importance of firm and industry effects, contrasting resource-based and industrial organization theories, is often discussed in the strategy and international business literature. Several studies indicate that firm effects (i.e., variability in firm-specific internal resources) are the primary drivers of competitive differences between firms. Leveraging insights from several theoretical lenses such as location economics, relational strategy, and institutional theory, we argue that considering the micro-geographic locations (neighborhoods) of firms challenges two implicit but potentially unrealistic assumptions in the firm vs. industry effects academic debate: That (a) firm boundaries are clearly defined, and (b) industry effects are spatially homogenous. We argue that including a neighborhood and neighborhood-industry interaction effect is thus more appropriate to contextualize the classic firm vs. industry debate. We demonstrate that firm effects are much smaller than previously identified (e.g., dropping from 43.9 to 11.5%). Our results thus challenge conventional wisdom and established empirical findings, while adding nuance to the fundamental debate regarding the locus of competitive advantage of firms.</p></div>","PeriodicalId":8474,"journal":{"name":"Asia Pacific Journal of Management","volume":"43 1","pages":"239 - 268"},"PeriodicalIF":5.8,"publicationDate":"2025-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://link.springer.com/content/pdf/10.1007/s10490-025-10009-5.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147865658","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

Protector or violator: Employees’ reactions to leader unethical pro-group behavior 保护者或破坏者：员工对领导不道德的亲群体行为的反应

IF 5.8 2区管理学

Asia Pacific Journal of Management Pub Date : 2025-01-02 DOI: 10.1007/s10490-024-10006-0

Mo Chen, Iris D. Zhang, Ge Zhang

{"title":"Protector or violator: Employees’ reactions to leader unethical pro-group behavior","authors":"Mo Chen, Iris D. Zhang, Ge Zhang","doi":"10.1007/s10490-024-10006-0","DOIUrl":"10.1007/s10490-024-10006-0","url":null,"abstract":"<div><p>In view of its paradoxical nature, we develop a theoretical model to explain employees’ cognitive and behavioral reactions to leader unethical pro-group behavior. Based on social information processing theory, we propose that, different from conventional wisdom on the influence of leader unethical behavior that is solely driven by self-interest, leader unethical pro-group behavior elicits simultaneous but conflicting cognitive interpretations: perceived group-protector (for protecting group interest) on the one hand, and perceived ethics-violator (for violating ethical norms) on the other. In turn, the group-protector perception promotes leader-directed helping behavior via employees’ trust in their leader, whereas the ethics-violator perception has the opposite effect. We further hypothesize that employees’ group-helping identity strengthens the mediating effect of perceived group-protector and that employees’ moral identity strengthens the mediating effect of perceived ethics-violator. The results of two studies conducted in China involving both experimental data and time-lagged field survey data offer support for our hypotheses. Theoretical and practical implications are discussed.</p></div>","PeriodicalId":8474,"journal":{"name":"Asia Pacific Journal of Management","volume":"43 1","pages":"473 - 502"},"PeriodicalIF":5.8,"publicationDate":"2025-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147865804","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}

引用次数: 0

When shared leadership backfires in new venture teams: the roles of power struggles and functional background diversity 当共同领导在新的风险投资团队中适得其反时：权力斗争和职能背景多样性的角色

IF 5.8 2区管理学

Asia Pacific Journal of Management Pub Date : 2024-12-30 DOI: 10.1007/s10490-024-10008-y

Hao Ji, Suqing Wu, Xiao-Yun Xie

{"title":"When shared leadership backfires in new venture teams: the roles of power struggles and functional background diversity","authors":"Hao Ji, Suqing Wu, Xiao-Yun Xie","doi":"10.1007/s10490-024-10008-y","DOIUrl":"10.1007/s10490-024-10008-y","url":null,"abstract":"<div><p>While a substantial body of research on shared leadership demonstrates its benefits for new venture teams (NVTs), many real-world business cases suggest that it may raise the problem of power struggles. A few recent studies have challenged the long-standing assumption in the shared leadership literature that team members maintain interpersonal harmony during leadership transitions. However, the mechanisms through which shared leadership shapes power dynamics in NVTs, particularly in terms of competition over power among team members, remain insufficiently understood. Therefore, this study aims to investigate whether and when shared leadership leads to power struggles within NVTs, and whether such power struggles subsequently harm NVT performance. Drawing on the legitimacy of status hierarchy theory, we propose that the effect of shared leadership depends on the level of team functional background diversity. Specifically, we posit that shared leadership causes more power struggles when team functional background diversity is lower, which then leads to worse NVT performance. Results from a field survey with a sample of 72 NVTs from information technology incubators support our hypotheses. This study contributes to the research on shared leadership in the context of entrepreneurship and carries strong implications for the management of NVTs.</p></div>","PeriodicalId":8474,"journal":{"name":"Asia Pacific Journal of Management","volume":"43 1","pages":"113 - 136"},"PeriodicalIF":5.8,"publicationDate":"2024-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147865662","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}

引用次数: 0

Multinational platforms and legitimacy spillovers 跨国平台和合法性溢出效应

IF 5.8 2区管理学

Asia Pacific Journal of Management Pub Date : 2024-12-27 DOI: 10.1007/s10490-024-10004-2

Sali Li, Maximilian Stallkamp, Noman Shaheer, Liang Chen

引用次数: 0

Ashamed of conducting UPB: how ethical leadership influences employees’ reactions to prior UPB 羞于进行UPB：道德领导如何影响员工对先前UPB的反应

IF 5.8 2区管理学

Asia Pacific Journal of Management Pub Date : 2024-12-27 DOI: 10.1007/s10490-024-09999-5

Yirong Guo, Limei Chen, Tao Wang, Xiaojun Zhan

引用次数: 0

Two PHD principles in management scholarship 管理奖学金的两个博士原则

IF 4.9 2区管理学

Asia Pacific Journal of Management Pub Date : 2024-12-27 DOI: 10.1007/s10490-024-10007-z

Yadong Luo

引用次数: 0

Does corporate social responsibility reduce idiosyncratic risk? The contingent role of opportunity costs 企业社会责任能降低特殊风险吗？机会成本的偶然作用

IF 5.8 2区管理学

Asia Pacific Journal of Management Pub Date : 2024-12-21 DOI: 10.1007/s10490-024-10005-1

Kui Wang, Ping Zhang, Junjia He, Chao Feng

引用次数: 0

How firm digitalization affects targeted poverty alleviation participation: a capability-based view 企业数字化如何影响精准扶贫参与：基于能力的视角

IF 5.8 2区管理学

Asia Pacific Journal of Management Pub Date : 2024-12-14 DOI: 10.1007/s10490-024-10001-5

Daokang Luo, Kevin Zheng Zhou, Lu Shen

{"title":"How firm digitalization affects targeted poverty alleviation participation: a capability-based view","authors":"Daokang Luo, Kevin Zheng Zhou, Lu Shen","doi":"10.1007/s10490-024-10001-5","DOIUrl":"10.1007/s10490-024-10001-5","url":null,"abstract":"<div><p>While firm digitalization has significantly shaped business conduct and performance, our understanding of how it affects firms’ engagement with social issues such as poverty alleviation remains underdeveloped. Drawing on information processing theory, we propose that digitalization empowers firms to undertake poverty alleviation responsibilities by enhancing their information processing capabilities. We further develop an integrative framework that highlights the synergetic effects between institutional pressures and firm capability portfolios. We argue that the positive impact of firm digitalization is stronger when institutional pressures are presented (i.e., government intervention and state ownership) and when firms possess complementary capabilities (i.e., innovation capability and operational flexibility). The results of our analysis of 2015–2020 panel data on Chinese listed firms provide strong support for our hypotheses. Overall, this study provides a capability-based view for the poverty alleviation research and informs policymakers a fresh new way to foster firms’ engagement in poverty alleviation.</p></div>","PeriodicalId":8474,"journal":{"name":"Asia Pacific Journal of Management","volume":"42 4","pages":"2171 - 2200"},"PeriodicalIF":5.8,"publicationDate":"2024-12-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145909014","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}

引用次数: 0

Fostering team adaptivity under uncertain environment: comprehensive decision-making under paradoxical leadership 培养不确定环境下的团队适应性：悖论领导下的综合决策

IF 5.8 2区管理学

Asia Pacific Journal of Management Pub Date : 2024-12-11 DOI: 10.1007/s10490-024-09998-6

Wu Wei, Ying Zhou, Yan Zhang

引用次数: 0