IMD business school for management and leadership courses
This qualitative study explores how individuals try on entrepreneurship during crisis. We discover that individuals use entrepreneurship as a way to envision a possible future in a moment when their occupational trajectory is upended. We reveal that, when a crisis generates a sense of occupational disorientation, individuals are driven to regain…
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This paper investigates why firms facing identical carbon-pricing incentives exhibit heterogeneous decarbonization trajectories. We address this question through a theoretical framework that conceptualizes national institutional quality and innovation-system capabilities as boundary conditions that shape firms’ adjustment capacity under emission…
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The operating theater is an emotionally and cognitively demanding arena where anesthesiologists and surgeons operate under time pressure, uncertainty, and responsibility. Team interactions in such settings frequently reveal humor, irony, or cynicism, behaviors that represent underlying ego defense mechanisms. We explore how defense mechanisms s…
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The fourth industrial revolution (I4.0) is critically relevant to the future of business management. In this study, we theoretically examine I4.0 investment and implementation from a social capital perspective. By explicating the various forms of social capital in family firms—namely, family-owned, family-managed, multigenerational, and single-g…
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Transformational leadership is recognized for bringing family members together; however, its role in multi-unit complex family firms that rely on nonfamily managers is poorly theorized. We find that transformational family chief executive officers (CEOs) positively affect the performance of business units run by nonfamily managers, suggesting th…
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Drawing on comparative institutional theory, we study the nature and magnitude of the effects of national environmental policies on corporate green innovation in developed versus emerging markets. Using a sample of 1831 listed firms in 34 countries from 2002 to 2020, we find that national environmental policies increase corporate green innovatio…
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