15 research outputs found
The Influence of Organizational Speed on Organizational Mishaps: The Moderating Role of Dynamism
Previous studies have shown the importance of organizational speed for firms’ competitive advantage and financial performance. However, more recent studies have also demonstrated that speed can be detrimental for companies. Drawing on the managerial cognitive perspective, we argue that organizational speed can contribute to organizational mishaps. We focus on organizational speed in relation to firms’ mergers and acquisitions and strategic alliances. Based on a sample of 331 companies in the United States over the period 2003-2009, our findings suggest that organizational speed has a positive influence on firms’ mishaps. Furthermore, we found that this effect is stronger when firms operate in dynamic environments.Universidad de Málaga. Campus de Excelencia Internacional AndalucÃa Tech
Can National Innovation Substitute The Role of Environmental Regulation to Improve Corporate Environmental Performance?
Environmental regulatory uncertainty has attracted extraordinary attention among scholars, managers, policy-makers and other members of society. Despite this increasing attention, the impact of environmental regulatory uncertainty on the environmental approaches of firms is difficult to estimate in the business context. Considering that environmental regulations are not the only mechanism enabling firms to develop proactive environmental management practices, we show that the national institutional profile delineates a firm’s environmental progress. Specifically, we argue that the national level of innovation is an essential institutional condition that can encourage firms to develop advanced environmental approaches and even overcoming the effect of environmental regulatory uncertainty on corporate environmental performance. Using a sample of 1,912 firms from 19 countries, we developed different scenarios that combine the effects of environmental regulatory uncertainty and the national level of innovation. Knowledge of these different situations illustrates how managers cope with environmental regulatory uncertainty.Environmental Regulatory Uncertainty; National Level of Innovation; Corporate Environmental Performance
Avoiding relapses after crises: Exploring the influence of firm investors’ characteristics on organizational resilience
Many firms may successfully navigate an organizational crisis, but may find themselves entangled in another soon
after. Building on a resource-dependence perspective, this study evaluates how certain investor characteristics foster
organizational resilience during a crisis by preventing a relapse following recovery. Drawing on data from 2014 to
2019, we analyzed 359 firms that faced a crisis in 2015, as indicated by their Altman Z-score values. Our findings reveal
that diversity and patience of investors prevent firms from relapsing into upcoming crises; however, the probability
of relapse increases when concentrated investors boost the firm’s capital during the in-crisis period. We bridge the
gap between the resource-dependence theory and literature on organizational resilience and contribute by extending
previous analyses on the relevance of investors to recover from a crisis to identify how in-crisis investors’ features also
state the foundations to avoid future relapses.Grant PID2019-
107767GA-I00 and Grant PID2022-138331NB-I00 funded by
MICIU/AEI /10.13039/501100011033ERDF/UEGrant
TED2021-129829B-I00 funded by MICIU/AEI/10.13039/5011
00011033European Union NextGenerationEU/PRTRGrant C-SEJ-069-UGR23 funded by ConsejerÃa de Universidad,
Investigación e InnovaciónERDF Andalusia Progra
The relationship between the profitability and the presence of director interlocks. An analysis from the theory of resources and capabilities
El tema del gobierno corporativo, y el estudio del consejo de administración, ha recibido una
atención creciente tanto en los desarrollos de gestión como en la literatura de investigación.
Esta tendencia ha quedado especialmente manifiesta en la proliferación de códigos de buen
gobierno corporativo en muchos paÃses en los cuales se presenta al consejo de administración
como un órgano vital para asegurar un gobierno responsable de las empresas. Por su parte la
literatura de gobierno corporativo ha prestado una atención preferente al análisis, desde una
perspectiva de agencia, de la forma en que los consejeros pueden desarrollar un control más
eficaz sobre la labor de los gestores de la empresa.
Este trabajo plantea una contribución a la literatura previa analizando si la presencia de
consejeros que están simultáneamente en consejos de varias organizaciones puede aportar
capacidades a las organizaciones que conlleven una mejora de sus resultados financieros.
Mientras que las implicaciones de las caracterÃsticas y control de los consejeros de la
organización han recibido una atención amplia en la literatura previa, el análisis de la
influencia de la existencia de consejeros compartidos entre varias empresas ha recibido una
atención limitada. Sin embargo la realidad empresarial ha incrementado exponencialmente el
número y la importancia de estas figuras compartidas debido sobre todo al progresivo
reforzamiento de las redes de participación entre grupos empresariales.
El planteamiento teórico del trabajo se basa en una visión del consejo desde la perspectiva de
los recursos y capacidades, lÃnea teórica cuyo uso en el estudio del gobierno corporativo se ha
ido incrementando en los últimos años pero que sigue estando poco desarrollada, pese a la
influencia creciente de esta perspectiva en la literatura y los llamamientos para analizar los
temas de gobierno desde esta perspectiva. Una visión del consejo desde esta perspectiva
plantea la posibilidad de que los consejeros no sólo sean valiosos por su control de la labor
directiva sino que sean en sà recursos para la empresa, más o menos valiosos en virtud de su
propia competencia, conocimiento o experiencia. En este sentido, los consejeros compartidos
podrÃan contar con una habilidad superior para, 1) incrementar la capacidad de la
organización para procesar mayor volumen y variedad de información, 2) ayudar en la
generación de alternativas estratégicas innovadoras y 3) aportar capacidades complementarias
para tomar la mejor decisión dadas las alternativas y la información disponible.
Para contrastar nuestro estudio se ha usado una muestra de 93 empresas eléctricas de Estados
Unidos de las que se han obtenido datos para el año 2004. En este sector se han establecido
recientemente por la Comisión Federal Reguladora de la EnergÃa en Estados Unidos (FERC)
nuevas reglas especÃficas en torno a los consejeros compartidos, mostrando la importancia
que este fenómeno está adquiriendo en este especÃfico sector.
Los resultados obtenidos muestran una relación negativa entre la presencia de consejeros
compartidos y la rentabilidad de la empresa. El artÃculo discute las implicaciones que estos
resultados pueden tener para futuras investigaciones, gestores y entes reguladores.The topic of corporate governance and the study of boards of directors have received
increasing attention in management and in research literature. This bias has particularly
evident in the proliferation of good corporate governance codes in many countries. In these
codes boards are presented as a vital organ to ensure responsible corporate governance.
Meanwhile, the corporate governance literature has provided a focus for analysis, from an
agency perspective, the manner in which directors can develop a more effective control over
the work of managers of the company.
This paper presents a contribution to the previous literature analyzing whether the presence of
directors who are simultaneously on several boards of organizations can provide capabilities
to organizations that involve improving their financial results. While the implications of the
characteristics and control of the directors of the organization have received wide attention in
the literature, the analysis of the influence of the existence of director interlocks between
several businesses has received limited attention. However real business has increased
exponentially the number and importance of these figures due to the progressive
strengthening of networks of participation between groups.
The paper is based on a vision of boards from the resources and capabilities perspective, a
theoretical line whose weight in the study of corporate governance has been increasing in
recent years, but that continues to be under-developed despite the growing influence of this
perspective in the literature and calls to analyze the issues of corporate governance from this
perspective. A vision of the board from this perspective supports the argument that directors
are not only valuable due to their control over managers but that they are also resources for
the company, more or less valuable for their own competence, knowledge or experience. In
this regard, director interlocks can 1) assist in the identification of possible alternative
decisions, 2) increase the ability of organizations to collect information on alternatives and 3)
help to make the best decisions with alternatives and information available.
To test our study we used a sample of 93 U.S. electric companies from which data was
obtained for 2004. In this sector new rules on director interlocks have been recently
established by the Federal Energy Regulatory U.S. (FERC), showing the importance that this
phenomena is receiving in this particular sector. The results show a negative relationship
between the presence of director interlocks and corporate profitability. The paper discusses
the implications of these findings for future research, managers and government
Grupos empresariales y resiliencia: Informe sobre cese de actividad de empresas de la industria de alimentación y bebidas de AndalucÃa
Confederación Granadina de Empresario
Gobierno corporativo y planteamiento medioambiental de la empresa
Tesis Univ. Granada. Departamento de Organización de Empresas. LeÃda el 1 de abril del 201
Encouraging corporate sustainability through effective strategic partnerships
SRA (State Research Agency), Grant/Award Number: PID2019-107767GA-I00; Universidad de Granada/CBUAThere is a substantial body of theoretical evidence and a wide variety of recommendations
from multilateral agencies on the importance of develop partnerships to achieve sustainability
but not all partnerships could be equally effective. The purpose of this study is to
establish which characteristics of partnerships could be related to greater improvements in
firms' sustainability. To achieve this goal, we based on the resource-based view, to
emphasize the importance of expanding firm resources and capabilities through strategic
partnerships. The longitudinal panel data used includes information from sustainability
reports published by Spanish listed firms between 2016 and 2019. We find evidence that
greater diversity referring to social sectors involved and longer duration partnerships
improve sustainability measures, but only in responsive firms (environmentally pollutants).
By contrast, in nonresponsive firms, diversity and longer-tenure partnerships implied less
improvement. Finally, we analyze the implications of these results to build effective
partnerships and encourage sustainability.SRA (State Research Agency) PID2019-107767GA-I00Universidad de Granada/CBU
Una visión panorámica de la literatura sobre la gestión ambiental en la empresa
Este trabajo ha sido financiado por el Ministerio de Educación y Ciencia (proyecto ECO2010-20483) y la Junta de AndalucÃa (proyectos de excelencia: P08-SEJ-0457, P10-SEJ-6765 y P11-SEJ-7988).La concienciación por minimizar el impacto al entorno natural de las empresas ha adquirido una notable importancia durante las últimas décadas por parte de los diferentes grupos de interés (gobiernos, grupos ecologistas, sindicatos, consumidores, empresas y la sociedad en general). La literatura académica también ha prestado un creciente interés a esta temática. Sin embargo, aún quedan muchos interrogantes respecto a los retos y oportunidades relacionados con la gestión medioambiental. El objetivo del presente trabajo consiste en presentar los principales conceptos y enfoques teóricos utilizados en esta literatura, para resaltar la importancia de la gestión medioambiental de las organizaciones como disciplina académica. En segundo lugar, describimos las diferentes metodologÃas que se emplean y las fuentes de datos disponibles y, finalmente, proponemos algunas ideas para futuras lÃneas de investigación.Preservation and protection of the natural environment has gained significant attention in
the business context, especially during the last decades. Indeed, there are strong pressures from
stakeholders (governments, non-governmental organizations, consumers, suppliers and the society) to
encourage firms to develop advanced and proactive environmental management practices. Although
the management literature has also developed different studies in the environmental arena, there are
still many research questions that have to be properly addressed. The aim of this paper is to summarize
the main topics covered and the theoretical frameworks used in the existent environmental management
literature. Secondly, we describe the main methodologies and databases used in this academic area.
Finally, we propose future research lines.Ministerio de Educación y Ciencia ECO2010-20483Junta de AndalucÃa P08-SEJ-0457, P10-SEJ-6765, P11-SEJ-798
Older and Wiser: How CEO’s Time Perspective Influences Long-Term Investments in Environmentally Responsible Technologies
Most theories of corporate governance argue that Chief Executive Officers (CEOs) take less risk as they near the end of their career, and therefore are less likely to make major investments. This prediction is based on decisions related to firm-specific benefits; however, it may not be generalizable to decisions that involve broad societal goals. In terms of societal investments, CEOs with a longer time perspective may be more likely, rather than less likely, to invest. In this paper, we argue that a CEO’s future time perspective is fostered by shorter career horizons, longer tenures, higher organizational ownership, and less short-term compensation. We test these hypotheses on 150 observations from the U.S. investor-owned electric power generation sector over a three-year unbalanced sample (64.3% of the population). We applied random-effects generalized least squares (GLS) estimations to test our hypotheses, and found support for three out of four hypothesized relationships