Top Management Team Attention To The Threats From Technological Disasters: Evidence From Polluters In The S&P 1500

Increased public attention to environmental disasters is reducing the likelihood firms can ascribe the consequential damages of stakeholders to acts of Nature . This phenomenon indicates that the absence of top management team (TMT) attention to natural environmental issues leads a firm to control-reducing and likely-loss threats, but less is known about whether firms engage in environmental actions in response to technological disasters and why some firms actively undertake environmental action, while others do not. Drawing on the attention-based view, I propose that technological disasters that happen in a focal firm\u27s affiliated industry cause a TMT to increase a firm\u27s environmental action, as mediated by the increased concerns and confidence about natural environmental issues. Using 10-year panel data, I found that TMT attention to the environmental issues was a key cognitive instrument that links technological disasters and a firm\u27s protective environmental actions. Furthermore, family influence and outside directors play critical roles in influencing a TMT to reframe its sensitive cognitive map on a technological disaster, and thus, to sense the signals from technological disasters in a strategic perspective. My findings contribute to research on the attention-based view by applying the view to the natural environmental context, exploring a possible mediating effect of TMT attention between technological disasters and a firm\u27s environmental actions, and empirically testing conditional effects that will enhance TMT attention and environmental actions. Providing the framework of how firms become environmentally responsible, I will discuss some insights into how firms adjust themselves to fit stakeholders\u27 expectations

Phase Transformation of Two-Dimensional Transition Metal Dichalcogenides

Transition metal dichalcogenide (TMD) materials have distinctive structures in comparison with other two-dimensional materials. TMD materials??? structure is held together by van der Waals and covalent intralayer interactions; consequently, TMDs exhibit multiple phases and properties depending on their structure. This article reviews some of the research currently being undertaken to control TMD phases to utilize their different properties. This review introduces some trials for changing the phase of TMDs

IPO Firm Executives, Compensation, and Selling

IPO firm executives are significant net sellers in the year immediately following the IPO year. Two significant variables affecting their sales are the number of stock options exercised during the year and the number of shares held at the end of the preceding year. Contrary to the findings of the previous studies, the number of stock options and the number of restricted stocks turn out to be insignificant. The evidence suggests that IPO executives sell mainly to realize a significant part of their undiversified wealth; however, they do not sell to explicitly hedge against stock option grants or to exploit potential overvaluation

A Study on the Role of Information Systems in Organizational Growth: A Longitudinal Case Study

The purpose of this paper is to present an integrated framework which can explain how the role of information systems evolves in organizations. To develop the framework, two critical dimensions, each of which is classified further into three categories, are selected to explain the role of information systems in organizational growth: the purpose of information processing, the scope of information processing. As these are considered to be major dimensions underpinning much research regarding the role of information systems in organizations, the framework proposed in this paper could serve to integrate much existing research, while stimulating future research aimed at verifying its applicability