Research & Insights

Do women directors make firms more risk-averse or more innovative? We theorize that boards with more women can make firms both, but which one depends on the firm’s attainment discrepancy. Specifically, when performance is poor relative to aspirati…

Do women directors make firms more risk-averse or more innovative? We theorize that boards with more women can make firms both, but which one depends on the firm’s attainment discrepancy. Specifically, when performance is poor relative to aspirati…

Despite the growing importance of firm stakeholder strategy, key stakeholders continue to criticize firms for failing to keep their commitments. Here, we theorize that due to their long-term nature, consistency is particularly important for stakeh…

Despite the growing importance of firm stakeholder strategy, key stakeholders continue to criticize firms for failing to keep their commitments. Here, we theorize that due to their long-term nature, consistency is particularly important for stakeh…

Despite the growing interest in understanding what affects a firm’s stakeholder strategy, key stakeholders continue to criticize firms for failing to keep their commitments. Indeed, while strategic consistency has been shown to a key driver of com…

While commentators have long decried managerial short-termism, no prior research has examined the deleterious effects of managerial short-termism on corporate social performance (CSP), nor how to ameliorate that negative effect. Moreover, due to t…

Previous research has examined both the effect of demographic diversity, and performance relative to aspirations (PRA), on innovation intensity. We begin to integrate these two different lines of research by showing how demographically diverse boa…

While agency theory assumes that shareholders need to align managers’ interests with their own through the use of monitoring and incentives, stewardship theory argues that managers can behave as stewards, whose motives are already aligned with the…