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UrduAbstract A critical strategic choice for corporate governance is how a firm can take sufficient environmental responsibility to satisfy its key stakeholders. Our paper answers this question by studying how corporate environmental responsibility is affected when a firm’s major customer is the…
Tag: Corporate Governance
Physical climate change exposure and firms’ adaptation strategy
Abstract Research Summary This article examines whether and how firms adapt to physical exposures to climate change. I build a novel dataset that compiles information on the adaptation strategies of publicly traded companies around the globe and merge it with…
When private equity acquires firms expecting them to grow
Private equity is more likely to look at public firms for acquisition when the target aggressively manages its earnings to meet analyst expectations, because those firms are often so cut to the bone there’s more room to add value with investment.
Corporate social responsibility in the age of activist directorships
Abstract Research Summary We draw attention to a rapidly emerging phenomenon—the appointment of activist-nominated directors to boards—that could have consequences for stakeholders. Although appointing an activist director tends to improve firm value for shareholders, we uncover a hidden externality wherein…
The role of military directors in holding the CEO accountable for poor firm performance
Abstract Research Summary Why do some boards of directors dismiss the CEO when a firm performs poorly, while others do not? We argue that military directors—outside directors with military backgrounds—on the board increase the likelihood of CEO dismissal under low-performance…
When do firms benefit from overconfident CEOs? The role of board expertise and power for technological breakthrough innovation
Abstract Research Summary While prior upper echelon research has shown that overconfident CEOs are beneficial for innovation, less is known about how firms can harness the benefits of these CEOs for breakthrough innovations. To extend this stream of research, we…
Corporate governance in international new ventures and born global firms
Abstract International new ventures (INVs) and born globals (BGs) play a significant role in the global economy. These firms have rapidly expanded into foreign markets offering unique products and services. Despite the role such ventures play in the global economy,…
Indiana University Kelley School professor finds diversity of experience among board members leads to innovation
While gender, racial and ethnic diversity bring value to U.S. companies, research from the Indiana University Kelley School of Business found that diverse educational, industrial and organizational experiences among managers and board members leads to R&D innovation creating economic and social value.
Johns Hopkins expert available to discuss evolving banking crisis
Kathleen Day, a Johns Hopkins Carey Business School finance expert, is available to speak with media members about the evolving Silicon Bank and evolving bank crisis. Day is a lecturer on the full-time faculty of the Johns Hopkins Carey Business School. Her…
For diverse corporate board members, upward mobility stops with a seat at the table
A new study from the University of Delaware found that even when corporate boards include directors who are women and/or racial minorities, these diverse directors are significantly less likely to serve in positions of leadership. This occurs even when they possess stronger qualifications.