Search results

1 – 10 of 77
Article
Publication date: 19 October 2015

John S. Marsh, William J. Wales, Rachel Graefe-Anderson and Marshall W. Pattie

The purpose of this study is to explore post-acquisition compensation management and examine how the two most commonly used theories to explain CEO stock option exercise, agency…

Abstract

Purpose

The purpose of this study is to explore post-acquisition compensation management and examine how the two most commonly used theories to explain CEO stock option exercise, agency theory and CEO overconfidence, expect CEOs to manage their stock options following an acquisition.

Design/methodology/approach

Using logistic regression analysis, the authors investigate whether CEOs are more or less likely to exercise options following an acquisition, and the effect which CEO tenure and acquisition history may have on option exercise.

Findings

The results suggest that CEOs are more likely to exercise options following an acquisition. The authors also find that CEO tenure and acquisition experience are both linked to an increase in option exercise.

Research limitations/implications

The findings suggest that future research should expect agency effects to outweigh overconfidence effects when considering CEO stock option exercise behavior within the post-acquisition firm context.

Practical implications

This paper advises directors and shareholders about whether agency concerns or overconfidence are of greater concern and how CEO tenure and past acquisition history may influence post-acquisition CEO stock option exercise behavior, offering information valuable in designing effective corporate governance.

Originality/value

This paper is among the first to explore how CEOs manage their options following an acquisition and finds that CEOs are more likely to exercise stock options following an acquisition. Post-acquisition compensation management is an important, though overlooked, consideration in improving acquisition performance.

Details

Management Decision, vol. 53 no. 9
Type: Research Article
ISSN: 0025-1747

Keywords

Article
Publication date: 13 November 2020

Mahmoud Ibrahim Fallatah

Building on network theory, this study aims to examine how network resources and network knowledge utilization influence mobility within networks of knowledge workers…

Abstract

Purpose

Building on network theory, this study aims to examine how network resources and network knowledge utilization influence mobility within networks of knowledge workers. Specifically, it examines how the availability of resources in a network and knowledge utilization, in a period impacts the structure of the focal network in the following period.

Design/methodology/approach

The study uses data from the National Basketball Association to depict the mobility of knowledge workers in a network. Because of the nature of the dependent variable, the study used a conditional fixed-effects quasi-maximum-likelihood Poisson regression as an analytical methodology.

Findings

The study finds that network resources are partially significant in predicting knowledge workers’ mobility and that knowledge utilization of networks of knowledge workers in one period negatively affects networks’ structure in the following period.

Originality/value

The study advances our understanding of the knowledge workers’ mobility phenomenon by examining network-level factors that influence the mobility of knowledge workers. It addresses the issue from a different theoretical perspective that is rarely used in studies of knowledge workers, which mostly draw from the traditional human resource literature. Additionally, it contributes to the emerging literature of network dynamics by studying factors that affect network changes. The study also responds to the calls that advocate using sports data to examine organizational phenomena.

Details

Journal of Knowledge Management, vol. 25 no. 5
Type: Research Article
ISSN: 1367-3270

Keywords

Article
Publication date: 28 June 2013

Manlio Del Giudice, Maria Rosaria Della Peruta and Vincenzo Maggioni

The purpose of this paper is to examine how the organizational change management that characterizes the transitional moments of family businesses may open a transcendental horizon…

1259

Abstract

Purpose

The purpose of this paper is to examine how the organizational change management that characterizes the transitional moments of family businesses may open a transcendental horizon from which a business model arises that is built around the sovereignty of the family institution and must necessarily share the solution of agency problems which emerge as the overlapping between ownership and management recedes, and a management style oriented towards the evolution of the relations between family and business.

Design/methodology/approach

Taking its starting point from recent research, the proposed study aims at finding empirical validation of research hypotheses formulated through the development of a factorial analysis and the construction of an innovative model of structural equations able to provide an empirical solution to processes, up to now, left unresolved by management literature on the subject.

Findings

By empirically linking stewardship behaviours to capacity to keep the dynastic myth for generations, the authors have demonstrated that stewardship behaviors act as an effective governance mechanism for family businesses in specific change management situations related to the process of generational turnover. Further, the authors provide an important first step in linking theory building with theory testing and conclude the stewardship scale is positioned to play an important role in establishing alignment between the representation of consciousness of family business, in the realization of the self, and extra‐psychological symbolic dimension, in the realization of family history and destiny.

Research limitations/implications

These discussions need to be validated and rendered more generalizable through extensive empirical research. First, though this study drew from cross‐sectional industrial data for the pilot test and then from a more focused industry‐specific sample (validation study), the generalizability of the construct could be a limitation of the stewardship scale. Second, we acknowledge the criticisms associated with a single country sample bias in our sample. A third associated limitation relates to the difficulty of developing a scale to tap individual and firm level behaviors.

Originality/value

Despite much progress, the extant literature on the psychology of strategic management has emphasized the behavioural and cognitive aspects of strategy formulation and implementation at the expense of emotional and affective ones, leading to an inadequate portrayal of strategic management as a series of rational and dispassionate activities. The originality of this empirical study has been to retrace, through the analysis of specific phenomena such as the multigenerational transition which characterize family businesses, the unconscious decisions within the decisional processes, which may transmit the original entrepreneurial dream into an organizational pathway, even in the case of a non‐family succession.

Article
Publication date: 2 August 2018

Cristina Mele, Suvi Nenonen, Jaqueline Pels, Kaj Storbacka, Angeline Nariswari and Valtteri Kaartemo

The extant service ecosystem literature rarely addresses the dark side of actors’ agency, which hinders further development of the service-dominant (S-D) logic, particularly with…

1796

Abstract

Purpose

The extant service ecosystem literature rarely addresses the dark side of actors’ agency, which hinders further development of the service-dominant (S-D) logic, particularly with regard to understanding service ecosystem dynamics. Therefore, the purpose of this paper is to delineate the dark-side facets of actors’ agency that adversely affect actor-to-actor relationships and resource integration, in the context of shaping service ecosystems.

Design/methodology/approach

With abductive reasoning, this study seeks to reorient results from prior literature in accordance with empirical findings. The empirical data pertain to 21 firms in Finland, New Zealand, Singapore and Sweden, representing various industries, sizes, international reach, technologies, ownership forms and histories.

Findings

The dark side of agency emerges as an actor’s deliberate attempts to influence a service ecosystem to achieve self-interested benefits, despite understanding that these actions inhibit other actors from providing service and can be detrimental to other actors and the ecosystem. The findings also reveal three facets of the dark side: conflict, ambiguity and opportunism. The process of shaping service ecosystems is prone to systematic conflict, ambiguous and opportunistic behaviours occurring between the focal actors’ ecosystem and other ecosystems vying for the same set of resources.

Research limitations/implications

This study advances the S-D logic by addressing the crucial role of agency in a dialectical relationship with institutions and structures. Service-for-service exchanges can take place in asymmetric, ambiguous, opportunistic situations driven by self-interested motives.

Practical implications

Processes aimed at shaping service ecosystems can demonstrate the dark sides of actors’ agency, related to conflict, ambiguity or opportunism. Managers interested in shaping strategies should be prepared for this outcome.

Social implications

A service ecosystem perspective requires policy makers and regulators to reconsider their role in shaping processes. No “invisible hand” guides markets to equilibrium, so they should be more proactive in shaping ecosystems, rather than merely fixing market failures.

Originality/value

This research offers the first S-D logic-based investigation into the dark side of actors’ agency in shaping service ecosystems.

Details

Journal of Service Management, vol. 29 no. 4
Type: Research Article
ISSN: 1757-5818

Keywords

Article
Publication date: 1 February 2018

Linda D. Hollebeek, Tor W. Andreassen, Dale L.G. Smith, Daniel Grönquist, Amela Karahasanovic and Álvaro Márquez

While (customer) engagement has been proposed as a volitional concept, our structuration theory/S-D logic-informed analyses of actors’ (e.g. employees’) engagement in service…

1557

Abstract

Purpose

While (customer) engagement has been proposed as a volitional concept, our structuration theory/S-D logic-informed analyses of actors’ (e.g. employees’) engagement in service innovation reveal engagement as a boundedly volitional theoretical entity, which arises from actors’ structural and agency-based characteristics and constraints. In line with this observation, the purpose of this paper is to develop a conceptual model of actor (i.e. customer, firm, employee) engagement with service innovation.

Design/methodology/approach

Based on the observed gap, the authors propose an integrative S-D logic/structuration theoretical model that outlines three particular service innovation actors’ (i.e. customers’, the firm’s and employees’) engagement, which comprises institution-driven (i.e. fixed) and agency-driven (i.e. variable) engagement facets. In addition, the authors integrate the key expected characteristics of positively (vs negatively) valenced service innovation engagement for each of these actor groups in the analyses.

Findings

The authors develop a 12-cell matrix (conceptual model) that outlines particular service innovation actors’ institution-driven and agency-driven engagement facets and outline their expected impact on actors’ ensuing positively and negatively valenced engagement.

Research limitations/implications

The authors discuss key theoretical implications arising from the analyses.

Originality/value

Outlining service innovation actors’ structure- and agency-driven engagement facets, the authors’ model can be used to explain or predict customers’, the firm’s or employees’ service innovation engagement-based activities.

Details

Journal of Services Marketing, vol. 32 no. 1
Type: Research Article
ISSN: 0887-6045

Keywords

Article
Publication date: 3 July 2023

Qian Hu, Zhao Pan, Yaobin Lu and Sumeet Gupta

Advances in material agency driven by artificial intelligence (AI) have facilitated breakthroughs in material adaptivity enabling smart objects to autonomously provide…

219

Abstract

Purpose

Advances in material agency driven by artificial intelligence (AI) have facilitated breakthroughs in material adaptivity enabling smart objects to autonomously provide individualized smart services, which makes smart objects act as social actors embedded in the real world. However, little is known about how material adaptivity fosters the infusion use of smart objects to maximize the value of smart services in customers' lives. This study examines the underlying mechanism of material adaptivity (task and social adaptivity) on AI infusion use, drawing on the theoretical lens of social embeddedness.

Design/methodology/approach

This study adopted partial least squares structural equation modeling (PLS-SEM), mediating tests, path comparison tests and polynomial modeling to analyze the proposed research model and hypotheses.

Findings

The results supported the proposed research model and hypotheses, except for the hypothesis of the comparative effects on infusion use. Besides, the results of mediating tests suggested the different roles of social embeddedness in the impacts of task and social adaptivity on infusion use. The post hoc analysis based on polynomial modeling provided a possible explanation for the unsupported hypothesis, suggesting the nonlinear differences in the underlying influencing mechanisms of instrumental and relational embeddedness on infusion use.

Practical implications

The formation mechanisms of AI infusion use based on material adaptivity and social embeddedness help to develop the business strategies that enable smart objects as social actors to exert a key role in users' daily lives, in turn realizing the social and economic value of AI.

Originality/value

This study advances the theoretical research on material adaptivity, updates the information system (IS) research on infusion use and identifies the bridging role of social embeddedness of smart objects as agentic social actors in the AI context.

Details

Internet Research, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1066-2243

Keywords

Article
Publication date: 1 December 2001

Sarah Brown and John G. Sessions

Investigates the shape of experience‐earnings profiles across gender. Given that self‐employment offers both an alternative to unemployment and potentially flexible – and thereby…

1093

Abstract

Investigates the shape of experience‐earnings profiles across gender. Given that self‐employment offers both an alternative to unemployment and potentially flexible – and thereby attractive to female labour market participants – working arrangements, estimates separate profiles for employees and self‐employees. The male results support Lazear and Moore’s agency‐driven explanation for the shape of experience‐earnings profiles with self‐employment being characterized by a relatively flat profile. The estimated female employee profile is flatter than its male counterpart, a finding which lends support to the human capital explanation for gender‐specific earnings profiles, whereby females tend to withdraw from the labour market and so reduce their incentive to invest in human capital. In the case of female self‐employees, educational attainment rather than labour market experience appears to be the significant determinant of earnings.

Details

Journal of Economic Studies, vol. 28 no. 6
Type: Research Article
ISSN: 0144-3585

Keywords

Article
Publication date: 1 December 1998

Robert Sadler

This paper examines the operating environment of non‐metropolitan urban water authorities in Victoria, Australia. It analyses the policy framework within which the industry…

Abstract

This paper examines the operating environment of non‐metropolitan urban water authorities in Victoria, Australia. It analyses the policy framework within which the industry operates and demonstrates that this framework generates inconsistencies between central agency driven economic outcomes and local politician driven social efficacy outcomes. The paper poses a solution based in a new leadership mindset of entrepreneurially driven core business centres providing co‐ordination rather than direct services and the adoption of an approach recognising discontinuous change rather than the parameters founding “new managerialism” driven by Australian public sector reform agencies. The author asserts that these businesses will be required to paradigm shift ‐ to move from service providers to service managers, to develop networks and strategic alliances with service providers and to embrace mindsets beyond the structured “new managerialism” of the 1980s. The paper draws on studies concerning network organisations, loosely coupled clusters and quality, customer focused solutions. It analyses the need for the implementation of the mindset underpinning these organisations into the sector.

Details

International Journal of Public Sector Management, vol. 11 no. 7
Type: Research Article
ISSN: 0951-3558

Keywords

Abstract

Purpose

To consider Critical Management Studies as a social movement.

Design/methodology/approach

The purpose is fulfilled by reflecting upon the history of Critical Management Studies by reference to social movement theory, institutional theory and the social theory of hegemony.

Findings

Critical Management Studies is plausibly understood as a social movement.

Originality/value

The chapter offers a fresh perspective on Critical Management Studies by representing it as a movement rather than as a specialist field of knowledge.

Article
Publication date: 2 May 2017

Mohamed I. Elghuweel, Collins G. Ntim, Kwaku K. Opong and Lynn Avison

The purpose of this paper is to examine the impact of corporate (CG) and Islamic (IG) governance mechanisms on corporate earnings management (EM) behaviour in Oman.

1828

Abstract

Purpose

The purpose of this paper is to examine the impact of corporate (CG) and Islamic (IG) governance mechanisms on corporate earnings management (EM) behaviour in Oman.

Design/methodology/approach

The authors employ one of the largest and extensive data sets to-date on CG, IG and EM in any developing country, consisting of a sample of 116 unique Omani listed corporations from 2001 to 2011 (i.e. 1,152 firm-year observations) and a broad CG index containing 72 CG provisions. The authors also employ a number of robust econometric models that sufficiently account for alternative CG/EM proxies and potential endogeneities.

Findings

First, the authors find that, on average, better-governed corporations tend to engage significantly less in EM than their poorly governed counterparts. Second, the evidence suggests that corporations that depict greater commitment towards incorporating Islamic religious beliefs and values into their operations through the establishment of an IG committee tend to engage significantly less in EM than their counterparts without such a committee. Finally and by contrast, the authors do not find any evidence that board size, audit firm size, the presence of a CG committee and board gender diversity have any significant relationship with the extent of EM.

Originality/value

To the best of the authors’ knowledge, this is a first empirical attempt at examining the extent to which CG and IG structures may drive EM practices that explicitly seek to draw new insights from a behavioural theoretical framework (i.e. behavioural theory of corporate boards and governance).

Details

Journal of Accounting in Emerging Economies, vol. 7 no. 2
Type: Research Article
ISSN: 2042-1168

Keywords

1 – 10 of 77