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Full-Text Articles in Business
Shareholder Influence Over Director Nomination Via Proxy Access: Implications For Agency Conflict And Stakeholder Value, Joanna Tochman Campbell, T. Colin Campbell, David G. Sirmon, Leonard Bierman, Chris S. Tuggle
Shareholder Influence Over Director Nomination Via Proxy Access: Implications For Agency Conflict And Stakeholder Value, Joanna Tochman Campbell, T. Colin Campbell, David G. Sirmon, Leonard Bierman, Chris S. Tuggle
Department of Management: Faculty Publications
Corporate governance research indicates that corporate boards of directors may be overly beholden to management, which can be detrimental to firm value creation. Drawing upon agency theory and the governance law literature, we examine the effects of a new SEC rule designed to lessen managerial power by increasing large, long-term shareholders’ influence in the director nomination process. We predict and find support for a positive overall market reaction to the rule’s announcement as well as a greater reaction for firms with characteristics that suggest compromised board independence or greater CEO control. Moreover, we examine the implications of greater shareholder voice …
Positive Global Leadership, Carolyn M. Youssef, Fred Luthans
Positive Global Leadership, Carolyn M. Youssef, Fred Luthans
Department of Management: Faculty Publications
In the wake of increasing globalization, today’s organizational leaders are faced with unprecedented complexity. To help meeting the challenge, this article proposes a new positive approach to global leadership. After first providing the background on positivity, positive global leadership is carefully defined and its similarities and differences with both the established and contemporary leadership theories are noted. The discussion then turns to how positive global leadership addresses three major challenges in the global context of distance, cultural differences and cross-cultural barriers. The article concludes that this new positive approach can help global leaders to leverage diverse strengths in themselves and …
Ownership Structure, Absorptive Capacity, And Innovation: Planting Vs Harvesting Innovation, Seung Hoon Jang
Ownership Structure, Absorptive Capacity, And Innovation: Planting Vs Harvesting Innovation, Seung Hoon Jang
College of Business: Dissertations, Theses, and Student Research
This dissertation investigates the main research question: Which classification of innovation explains the heterogeneous timing of revenue realization? Given the significance of financial gain, researchers are recommended to pay attention to whether innovation outcomes result in commercial gains in the short term. Following this notion, a new category of innovation, planting and harvesting, is presented. While harvesting innovation seeks new resources in the expectation of commercial performance in the short term, planting innovation pursues potential resources creating value over a long time period. The interest in the determinants and financial contribution of these types of innovation leads to the second …
Emergent Organizational Capacity For Compassion, Laura T. Madden, Dennis Duchon, Timothy M. Madden, Donde Ashmos Plowman
Emergent Organizational Capacity For Compassion, Laura T. Madden, Dennis Duchon, Timothy M. Madden, Donde Ashmos Plowman
Department of Management: Faculty Publications
Our model of emergent organizational capacity for compassion proposes that organizations can develop the capacity for compassion without formal direction. Relying on a framework from complexity science, we describe how the system conditions of agent diversity, interdependent roles, and social interactions enhance the likelihood of self-organizing around an individual response to a pain trigger. When agents then modify their roles to incorporate compassionate responding, their interactions amplify responses, changing the system, and a new order emerges: organizational capacity for compassion. In this new order the organization's structure, culture, routines, and scanning mechanisms incorporate compassionate responding and can influence future responses …