Search results

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

The authors discuss key theoretical implications arising from the analyses.

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.

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.

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.

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.

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.

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.

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).

Little is known regarding the impact of organizational policies and practices on police officers’ driving behaviors. To address an important gap in the empirical literature, this study examined how perceived likelihood of discipline for violations of agency driving policies impacted officer-involved vehicle collisions.

Surveys were distributed to patrol officers and their supervisors in eight California law enforcement agencies. The surveys elicited information regarding the perceived likelihood of discipline for violations of agency driving policies regarding cell phone use, text messaging, seatbelt use, speeding, and vehicle operations during emergency and pursuit situations.

The findings demonstrated a significant impact of perceived likelihood of enforcement for some but not all agency driving policies on officer-involved vehicle collisions.

This study was limited to self-reported data from patrol officers and their supervisors in eight California agencies.

Findings suggest that agencies may reduce officer injuries and other costs by increasing supervision and enforcement of agency driving policies.

This study contributes to the extant body of literature on officer-involved vehicle collisions by considering the impact of agency policy and supervision on officer behavior.

The social capital used to access ethnic community resources is widely recognized in the literature as being important for immigrant entrepreneurship. However, there is limited knowledge regarding the extent to which immigrant entrepreneurs' agency, specifically their motivations, influence their use of, and contributions to, their ethnic social capital. In this paper, the authors explore this relationship.

Based on a qualitative approach, this research utilizes semi-structured interviews and thematic analysis to identify the motivations, sources and effects of ethnic social capital.

This research indicates that immigrant entrepreneurs have mixed motives when engaging with their ethnic communities. The findings suggest that the immigrant entrepreneurs' social capital–mediated interactions within their ethnic community are driven not only by the social structure but that their agency, specifically their motivations, play an important role in them. While entrepreneurs hold mixed motives, they recognize the importance of business success. Thus, they make concessions to their ethnic community and utilize its resources if doing so benefits their business.

This research explores the role that immigrant entrepreneurs' motivations play in how they use and contribute to immigrant community social capital. By doing so, this study brings agency to the forefront of the discussion on immigrant entrepreneurship and social capital.

This study provides insight into the connection between the extent to which immigrant entrepreneurs utilize and contribute to their ethnic community's social capital, their motivations for doing so and the effect that these factors have on the businesses as well as their ethnic communities. This understanding might be useful for organizations seeking to foster immigrant entrepreneurship as well as for entrepreneurs themselves.

Individuals' motivations as they relate to social capital involve a variable that is rarely, if ever, considered – that is, individual agency. Thus, this research contributes this perspective to the immigrant entrepreneurship literature but also more broadly to the social capital and entrepreneurship fields. This research can be extended to understand the impact of entrepreneurs' motivations on the communities in which they are embedded.