Authors:Andrea Giuliodori, Pascual Berrone, Joan Enric Ricart Abstract: BRQ Business Research Quarterly, Ahead of Print. Sustainable Development Goals (SDGs) seek to achieve economic, social, and environmental progress globally. However, trade-offs among these three pillars might occur, particularly in the context of cities. We argue that these trade-offs exist because the traditional factors of production for economic welfare are not always relevant to the other dimensions of city sustainability. Consequently, additional factors are needed to facilitate the progress of the 2030 agenda. We make a case for smart governance, a factor that we associate with the quality of governance. We explore these ideas by examining the economic, social, and environmental dimensions of 128 cities worldwide. Our results indicate that the traditional factors of production (labor, land, and capital) are positively associated with the economic dimension but weakly associated with the social and environmental dimensions. However, smart governance is positively associated with the various dimensions of urban sustainability.JEL CLASSIFICATION: Q01; Q28; Q53; Q56; O18; Z13 Citation: BRQ Business Research Quarterly PubDate: 2022-04-21T10:26:09Z DOI: 10.1177/23409444221091281
Authors:Eddy S Ng, Arthur Posch, Thomas Köllen, Nils Kraiczy, Norbert Thom Abstract: BRQ Business Research Quarterly, Ahead of Print. There has been a stream of research that explores how the present generation of workers (i.e., Millennials) may be different from previous generations (e.g., Baby Boomers and Gen Xers). This line of research often considers Millennials as homogeneous and concludes any differences to be “generational effects.” However, it is unlikely for a generation, which spans almost 20 years, to be uniformly homogeneous with respect to their work values and attitudes. Findings on generational differences conducted in the United States are also often generalized to other countries, ignoring the potential for national influences. In this regard, we apply a multi-method approach using three samples to demonstrate that there are differences within the Millennial generation that affect work values, preferences for work/life balance, and attraction to employer attributes. Specifically, we focus on the heterogeneity resulting from differences in age, gender, relationship status, and nationality. Our results suggest that Millennials are not as homogeneous as we assumed, and this can limit the effectiveness of managerial policies designed to improve individual and work outcomes for an entire generation of workers. Our study demonstrates that it is important for us to understand how individual, relational, and contextual factors may contribute to the heterogeneity within a generation.JEL CLASSIFICATION M12, M14, M54 Citation: BRQ Business Research Quarterly PubDate: 2022-03-31T09:47:28Z DOI: 10.1177/23409444221085587
Authors:Keith L Whittingham, Andrew G Earle, Dante I Leyva-de la Hiz, Alessia Argiolas Abstract: BRQ Business Research Quarterly, Ahead of Print. In 2015, the United Nations launched the sustainable development goals (SDGs) in collaboration with civil society and firms, recognizing that leading firms have the potential to innovate bold solutions at scale to achieve global sustainability. Exploring the impact of the SDGs’ launch on firms, through the lens of normative pressure, we apply computer-aided text analysis to the language used in sustainability reports of 164 large corporations to investigate whether and how the SDGs impacted sustainability reporting. Results show that, when comparing firms’ sustainability reports before and after 2015, increasing alignment was observed with the language of certain SDGs, while alignment did not significantly change for other SDGs. We further analyze these changes across industries, natural resource intensity levels, and geo-institutional contexts, revealing variation among firms based on institutional characteristics that may point to selection priorities and critical gaps as global firms engage with the grand challenges embodied in the SDGs.JEL CLASSIFICATION: M14 Citation: BRQ Business Research Quarterly PubDate: 2022-03-24T04:14:02Z DOI: 10.1177/23409444221085585
Authors:Pia Ellimäki, Nuria Esther Hurtado-Torres, Eulogio Cordón-Pozo Abstract: BRQ Business Research Quarterly, Ahead of Print. This empirical article examines how the institutional development of the home country and host countries in which multinational enterprises (MNEs) are embedded can drive MNEs’ research and development (R&D) intensity. In doing so, this study analyzes 967 firm-year observations of 234 pharmaceutical firms from 30 developed and less developed countries in the period from 2010 to 2017. We find empirical support for internationalization toward developed countries as a driver of R&D intensity at the firm level. Furthermore, we find that this positive effect is stronger for MNEs from less institutionally developed home countries. The results can help managers, researchers, and policymakers to better understand the innovation process in R&D-intensive industries.JEL CLASSIFICATION: M16, O32 Citation: BRQ Business Research Quarterly PubDate: 2022-02-03T06:39:14Z DOI: 10.1177/23409444221076495
Authors:Akuraun Shadrach Iyortsuun, Comfort Shakpande Abstract: BRQ Business Research Quarterly, Ahead of Print. This study relies on the dual model of passion to explore the direct and conditional effect of passion on firm growth. The study proposed persistence and environmental uncertainty as pathways through which passion influences firm growth. The model of firm growth was tested on a sample of 381 small-scale businesses located in Nigeria. The findings suggested that passion is significantly related to firm growth and that persistence partially mediated the link between passion and firm growth. Furthermore, the study failed to establish the conditional effect of environmental uncertainty on the indirect effect of passion on firm growth. The study has established the applicability and relevance of the dual model of passion in the context of entrepreneurship confirming its predictive power in accounting for the variation in firm growth.JEL CLASSIFICATION: L260 Citation: BRQ Business Research Quarterly PubDate: 2022-01-21T11:50:56Z DOI: 10.1177/23409444211070297
Authors:Héctor Pérez Fernández, Ana Isabel Rodríguez Escudero, Natalia Martín Cruz, Juan Bautista Delgado García Abstract: BRQ Business Research Quarterly, Ahead of Print. Entrepreneurial intention is a key research question in entrepreneurship. Previous studies have proven the theory of planned behavior (TPB) to explain entrepreneurial intention. Scholars have thus focused on analyzing factors to develop the three antecedents of TPB, one of which is social capital. However, research has barely considered social capital online. We extend research by exploring the effect of social capital on these antecedents and on entrepreneurial intention, and by analyzing the differences in these influences between social capital online and offline. Using partial least squares and commonality analysis for 587 individuals in Spain, we find that social capital influences these antecedents and entrepreneurial intention. Furthermore, social capital online has a greater effect in attitude toward entrepreneurship, a similar effect on perceived behavioral control, and a lesser effect on social norms than social capital offline. Finally, social capital online has a greater influence on entrepreneurial intention than social capital offline.JEL CLASSIFICATION: M1 Business Administration, M13 New Firms • Startups Citation: BRQ Business Research Quarterly PubDate: 2021-12-16T11:42:45Z DOI: 10.1177/23409444211062228
Authors:Julio Diéguez-Soto, Marta Campos-Valenzuela, Ángela M. Callejón-Gil, Ignacio Aldeanueva-Fernández Abstract: BRQ Business Research Quarterly, Ahead of Print. How family firms adopt a certain corporate social responsibility (CSR) approach remains a relatively unexplored matter in family firm and firm ethics research. Hence, we study how and why the CSR approach (broad vs. narrow; benefits vs. costs) differs within family firms, addressing the influence of the socio-emotional wealth (SEW) dimensions, individually or combined. We used empirical evidence gathered through 13 case studies of firms from the Andalusia region and we used the interpretative approach of the grounded theory based on case study data. Results of our analyses lead to propose that family firms with a higher identification and more positive than negative valence with regard to emotional attachment and family enrichment dimensions will be more likely to exhibit a broad approach of CSR. Likewise, those family firms adopting CSR actions with stakeholders due to instrumental use of image and reputation dimension will more probably display a benefits approach.JEL CLASSIFICATION: L26; M14 Citation: BRQ Business Research Quarterly PubDate: 2021-12-13T07:55:39Z DOI: 10.1177/23409444211063889
Authors:Jesús de Frutos-Belizón, Fernando Martín-Alcázar, Gonzalo Sánchez-Gardey Abstract: BRQ Business Research Quarterly, Ahead of Print. Management scholarship should be placed in a unique position to develop relevant scientific knowledge because business and management organizations are deeply involved in most global challenges. However, different critical voices have recently been raised in essays and editorials, and reports have questioned research in the management field, identifying multiple deficiencies that can limit the growth of a relatively young field. Based on an analysis of published criticisms of management research, we would like to shed light on the current state of management research and identify some limitations that should be considered and should guide the growth of this field of knowledge. This work offers guidance on the main problems of the discipline that should be addressed to encourage the transformation of management research to meet both scientific rigor and social relevance. The article ends with a discussion and a call to action for directing research toward the possibility and necessity of reinforcing “responsible research” in the management field.JEL CLASSIFICATION: M00, M10 Citation: BRQ Business Research Quarterly PubDate: 2021-12-10T12:38:25Z DOI: 10.1177/23409444211062230
Authors:Montserrat Boronat-Navarro, Alejandro Escribá-Esteve, Jesús Navarro-Campos Abstract: BRQ Business Research Quarterly, Ahead of Print. Ambidexterity has been linked to firm structures that are typical of organizations with a larger size. However, further research is needed to analyze whether the effect of firm size on ambidexterity is contingent on other aspects. We argue that micro and small firms that have developed some competitive intelligence routines (CIRs) may foster ambidextrous behavior and compensate for the limitations arising from a smaller size and lack of resources. We test our proposal on a sample of 200 firms in the furniture sector. Our results show that CIRs compensate for size constraints in that size is no longer a relevant variable to increase ambidextrous behavior in firms that achieve higher levels in these routines. Our results provide new and important insights into how ambidexterity may be fostered in small firms that lack resource slack or the ability to use separate units to develop knowledge exploration and exploitation activities.JEL CLASSIFICATION: M10, M21, O3 Citation: BRQ Business Research Quarterly PubDate: 2021-10-28T10:02:15Z DOI: 10.1177/23409444211054861
Authors:Vivien Lefebvre Abstract: BRQ Business Research Quarterly, Ahead of Print. Using arguments from the behavioral theory of the firm, agency theory, and the literature on internal capital markets, this article investigates the relationship between financial slack and firms’ profitability in standalone versus business group–affiliated firms. Using a large sample of French privately held firms, we show that there is a quadratic, inverse U-shape relationship between financial slack and profitability for privately held firms. We observe that the relation is steeper for business group affiliated firms than for standalone firms, which is consistent with the idea that firms in business groups are in competition for the business groups resources. Moreover, we explore whether business groups characteristics and position and weight of a given affiliated firm in the business group organization influence the impact of financial slack on profitability. Our results show that for firms that are closest to the business group head firm and that have a higher weight in the business groups, the quadratic, inverse U-shaped relationship is steeper. These findings suggest that the bargaining power that firms have in business groups plays an important role in explaining the relation between financial slack and profitability.JEL CLASSIFICATION: G32, L22 and L25. Citation: BRQ Business Research Quarterly PubDate: 2021-10-28T10:00:14Z DOI: 10.1177/23409444211054510
Authors:Carlos Fernández Méndez, Rubén Arrondo García, Shams Pathan Abstract: BRQ Business Research Quarterly, Ahead of Print. We study the effects of family control on CEO pay from the perspective of behavioral agency model (BAM), with particular focus on family firm’s generational stage and CEO family ties. Using a panel of Australian listed firms, we find that family firms present lower total and variable CEO pay, showing also less pay disparity between the CEO and other top executives. We also find that multi-generational family firms and those run by non-family CEOs offer higher total and variable CEO pay and present high pay disparity. The BAM and family’s aversion to socioemotional wealth loss can explain the effects of family control based on the pursuing of non-financial family goals. The decline of these goals derived from the aging of the firm and the hiring of external CEOs shape family control and should be considered in the design of executive compensation policies and by external parties when assessing their suitability.JEL CLASSIFICATION: G30; G32; G34; G38 Citation: BRQ Business Research Quarterly PubDate: 2021-10-28T09:57:58Z DOI: 10.1177/23409444211051754
Authors:Jeoung Yul Lee, Jiyul Choi, Shufeng (Simon) Xiao, Yong Kyu Lew, Byung Il Park Abstract: BRQ Business Research Quarterly, Ahead of Print. Based on the institutional perspective, this article examines whether institutional pressures in home and host countries affect multinational enterprise (MNE) subsidiaries’ corporate social responsibility (CSR) practices and whether the institutional distance between home and host countries moderates these relationships. We collect data from 185 Chinese MNEs’ 349 foreign subsidiaries operating in 27 host countries and conduct a cross-classified multilevel model analysis of the data. The findings indicate that institutional pressures in home and host countries significantly affect the CSR practices of the MNE subsidiaries operating in host countries. Also, we find that the formal and informal institutional distances between the home and host countries exert different interaction effects on these CSR practices. The findings from this study offer useful implications for MNEs’ social strategies for sustainability.JEL CLASSIFICATION: G38, L16, M16, Q17 Citation: BRQ Business Research Quarterly PubDate: 2021-09-17T01:30:16Z DOI: 10.1177/23409444211044732
Authors:Johana Sierra-Morán, Laura Cabeza-García, Nuria González-Álvarez, Juan Botella Abstract: BRQ Business Research Quarterly, Ahead of Print. The literature on corporate governance has highlighted the importance of board characteristics related to firm innovation. However, empirical findings have not been totally conclusive, and some seem contradictory. Adopting a new perspective, we have tried to help resolve the puzzle using a meta-analysis that integrates findings from 96 previous studies to analyze the relationship between board attributes, grouped by their relation to structural or demographic diversity, and firm innovation for the period 1988–2018. The results suggest that certain aspects of boards, such as meeting frequency and the proportions of independent directors and outsiders, show the most significant correlations with firm innovation, but the levels of association vary depending on whether innovation is measured as inputs or outputs and depending on the sample considered and the methodology employed. Finally, general guidelines are suggested regarding practical implications and future research.JEL CLASSIFICATION: O32, G34 Citation: BRQ Business Research Quarterly PubDate: 2021-09-11T10:49:33Z DOI: 10.1177/23409444211039856
Authors:Dolores Añón Higón, Alfonso Díez-Minguela Abstract: BRQ Business Research Quarterly, Ahead of Print. This article explores the extent to which the regional higher education system (HES) influences the location of foreign research and development (R&D). To do so, we use a dataset with information on the location choices of new foreign R&D establishments within Spain from 2005 to 2013. Similarly, we use a multiple measure of the three university missions, distinguishing between research capacity training, scientific research, and technology transfer. We find that the probability of a foreign R&D establishment being located in a region is positively affected by the strength of the region’s HES missions, and more specifically by the quality of its scientific research, while its research training capacity and knowledge transfer activities do not seem to play a significant role. Moreover, the strength of the research mission has a positive influence on the location choice of foreign units conducting research activities but is weak to explain the location of those performing development activities.JEL CLASSIFICATION F21; F23; O32 Citation: BRQ Business Research Quarterly PubDate: 2021-08-31T10:18:03Z DOI: 10.1177/23409444211042382
Authors:Laura Andreu, Carlos Forner, José Luis Sarto Abstract: BRQ Business Research Quarterly, Ahead of Print. Using a unique database that includes publicly disclosed fund holdings at the end of the quarter as well as the holdings in all non-publicly disclosed months, we found that some funds could alter their portfolios in publicly disclosed months to artificially increase their Active Share scores and consequently appear more active and take advantage of the positive relationship between Active Share and money flows. We show how, consistent with non-informed trades, these funds erode their future performance. However, these funds reach their objective of increasing future money flows. Moreover, we find that window-dresser funds can be identified by controlling the level of tracking error. The funds with high Active Share scores and low tracking errors have the highest levels of Active Share window dressing and the worst future returns. However, compared with less active funds, they are able to capture higher money flows.JEL CLASSIFICATION G23; G11 Citation: BRQ Business Research Quarterly PubDate: 2021-07-05T01:59:45Z DOI: 10.1177/23409444211024645
Authors:Flávio Morais, Zélia Serrasqueiro, Joaquim JS Ramalho Abstract: BRQ Business Research Quarterly, Ahead of Print. This article provides empirical evidence on the zero-leverage phenomenon for a sample of European listed firms for the period 1995–2016. It is shown that there are two types of firms with zero leverage: the financially constrained firms that face obstacles in obtaining external finance, as predicted by the financial constraints hypothesis; and the financially unconstrained firms that maintain zero leverage as a consequence of a financing decision, which supports the financial flexibility hypothesis. The zero-leverage phenomenon is also influenced by the financial system that prevails in each country, being boosted (inhibited) in market-based (bank-based) financial systems, and by the country’s macroeconomic conditions, with the recent financial and sovereign debt crises increasing the propensity for zero leverage in market-based countries. We also find that the financial flexibility hypothesis seems to be more important in market-based systems and that the financial constraints approach did not gain importance during the crisis period. Our results are robust to the use of alternative measures of debt conservatism, explanatory variables, and econometric methods and maintain their validity when we allow for endogeneity in firm size and dividend payments.JEL CLASSIFICATION G32 Citation: BRQ Business Research Quarterly PubDate: 2021-06-23T07:29:10Z DOI: 10.1177/23409444211024653
Authors:Joaquín García-Cruz, Ramón Valle-Cabrera Abstract: BRQ Business Research Quarterly, Ahead of Print. This research aimed to achieve two sequential objectives: (1) to provide conceptual support for the idea of organizational commitment toward employees (the employer’s commitment), showing differences in concepts such as perceived organizational support, high commitment work systems, human resource (HR) philosophy, and psychological contracts, and (2) to develop a scale to measure employer’s commitment. To define the construct, we extrapolated the three-component model (TCM) dimensions (affective, continuance, and normative) from the individual to the organizational levels. To develop the new scale, we first used the Delphi method to determine the items in the questionnaire. Second, to verify the validity and reliability of the new scale, data collected from two sample populations (financial and hospitality sectors) were examined. The results suggest that the three dimensions of TCM in the final construct are independent and autonomous.JEL CLASSIFICATION: M12 Citation: BRQ Business Research Quarterly PubDate: 2021-06-21T06:58:50Z DOI: 10.1177/23409444211020759
Authors:Tomislav Hernaus, Ana Juras, Ivan Matic Abstract: BRQ Business Research Quarterly, Ahead of Print. We followed the continuity perspective of leadership skill requirements to examine the interplay between the design competencies of different management cohorts, relational coordination, and organizational learning and growth performance outcomes. Using a two-source sample of 103 organizations, we found evidence for compensatory effects. Specifically, a conditional process analysis (moderated mediation) revealed that: (a) design competencies are a highly relevant type of managerial knowledge or skill, (b) competent middle-level managers compensate for a lack of design skills and design-related knowledge at the top management level, and (c) top- and middle-level managerial design competencies simultaneously create a cross-echelon complementarity effect on organizational learning and growth performance.JEL classification Citation: BRQ Business Research Quarterly PubDate: 2021-06-15T11:33:56Z DOI: 10.1177/23409444211022749
Authors:Li Sun, Ahsan Habib, Hedy Jiaying Huang Abstract: BRQ Business Research Quarterly, Ahead of Print. We investigate the association between business strategy and firm-level tournament incentives in China and find that business strategy is associated with tournament incentives positively. We further find that this positive relationship manifests itself in local, but not central, state-owned enterprises (SOEs). In addition, we also offer some evidence that foreign institutional investors play a moderating role on the positive association between business strategy and tournament incentives. Our study fills a gap in the existing tournament literature by incorporating business strategy as an important determinant of tournament incentives in China.JEL CLASSIFICATION M10; G30; J33 Citation: BRQ Business Research Quarterly PubDate: 2021-06-14T08:17:55Z DOI: 10.1177/23409444211022755
Authors:Dario Miocevic Abstract: BRQ Business Research Quarterly, Ahead of Print. In this study, we investigate the response intentions of small- and medium-sized enterprises (SMEs) during the recent economic crisis initiated by the COVID-19 pandemic. We draw on the cognitive appraisal theory and investigate how an SME’s level of proactivity triggers top managers’ emotional reactions, which in the end shapes an SME’s response strategies (investment vs divestment). To test our assumptions, we use survey data from 155 top managers of Croatian SMEs operating in business-to-business industries. We find that an SME’s proactivity positively (negatively) influences the emergence of positive (negative) emotions. Also, we find that top managers charged with positive (negative) emotions are more prone to engage in investment (divestment) as a response to economic crisis. Furthermore, through the broaden-and-build perspective we reveal the mediating effect of emotions on the relationship between proactivity and response intentions as well as the mediating effect of performance expectations on the link between emotions and response intentions.JEL CLASSIFICATION M10; M19 Citation: BRQ Business Research Quarterly PubDate: 2021-05-21T03:34:54Z DOI: 10.1177/23409444211005779
Authors:Jean-Etienne Joullié, Anthony M. Gould Abstract: BRQ Business Research Quarterly, Ahead of Print. Theory production has been a central focus of management research for decades, mostly because theory legitimizes both management research and, through its application, management practice as professional endeavors. However, such an emphasis on theory glosses over one of its constraining and particularized roles in scientific explanation, namely that theory codifies predictive knowledge. Committing to a ‘traditional’ or ‘critical’ understanding of theory thus amounts to embracing the view that prediction is achievable within a circumscribed field of study. Such an embrace is non-controversial in natural science. However, within the realm of management studies, it necessitates and smuggles in a strawman view of human existence, one which does not accommodate freedom and responsibility. This limitation of management theory explains its inadequate utility. This article argues that alternative avenues for management research exist.JEL CLASSIFICATION: M10 Citation: BRQ Business Research Quarterly PubDate: 2021-05-04T02:26:12Z DOI: 10.1177/23409444211012414
Authors:Jari J Hakanen, Arnold B Bakker, Jarno Turunen Abstract: BRQ Business Research Quarterly, Ahead of Print. Job resources are known to be key drivers of work engagement, but surprisingly, little is known about the relative importance of specific job resources in comparison to one another. We investigated the relative importance of eight job resources both cross-sectionally and over a 3-year time period. We hypothesized that job resources at the task level are “universally” important and contribute relatively more to work engagement than other types of job resources. We employed dominance analyses to a large cross-sectional data set (N = 11,468 from 87 organizations), focusing specifically on 11 jobs, and to a two-wave data set (N = 2,334). Three job resources emerged as the most important both for concurrent and future work engagement across the jobs and samples: skill discretion, job feedback, and team empowerment. Practically, this study suggests that interventions to enhance work engagement could focus on increasing skill discretion and job feedback and on building team empowerment.JEL: L200 Firm Objectives, Organization, and Behavior: General Citation: BRQ Business Research Quarterly PubDate: 2021-04-30T03:27:14Z DOI: 10.1177/23409444211012419
Authors:Clara Pérez-Cornejo, Esther de Quevedo-Puente, Juan-Bautista Delgado-García Abstract: BRQ Business Research Quarterly, Ahead of Print. Studies have shown that corporate social performance (CSP) is an antecedent of corporate reputation, acting as a signal that affects stakeholders’ perceptions and expectations about a firm’s future behavior. However, the perceptions, expectations, and interests of stakeholders may be affected by external factors, such as national culture, which shapes their beliefs about what role companies play in society. Drawing on institutional theory and Hofstede’s cultural dimensions, we analyze how stakeholders’ national culture moderates the relationship between CSP and corporate reputation. The results of the analysis of an international sample for the period 2010 to 2016 show that low individualism (i.e., collectivism), low masculinity (i.e., femininity), low power distance, and low uncertainty avoidance intensify the positive relationship between CSP and corporate reputation.JEL CLASSIFICATION: M14, L14 Citation: BRQ Business Research Quarterly PubDate: 2021-04-12T07:17:56Z DOI: 10.1177/23409444211007487
Authors:Taewoo Roh, Jieun Hwang, Byung Il Park Abstract: BRQ Business Research Quarterly, Ahead of Print. Most previous studies examining M&As (mergers and acquisitions) have focused on the post-merger integration process. While there have been studies that have partially investigated the importance of deal completion, we argue that firms could learn to increase their deal completions by leveraging their experience from prior successful acquisitions and that their cumulative success could reduce the deal completion time; that is, the time from the announcement of the deal to its resolution. To address this unexplored issue about M&As, we investigated whether prior intra- and/or inter-industry acquisition experiences helped accelerate subsequent focal acquisitions in the semiconductor industry, which is characterized by rapid technological innovation. We tested our hypotheses on data consisting of 323 acquisition deals in the US semiconductor industry between 2000 and 2013. The results showed that both prior intra- and inter-industry acquisition experiences significantly reduced deal completion time.JEL CLASSIFICATION M10 Citation: BRQ Business Research Quarterly PubDate: 2021-04-05T02:55:02Z DOI: 10.1177/2340944421998056
Authors:Lukas Timbate Abstract: BRQ Business Research Quarterly, Ahead of Print. There is a debate in academia and the business world on whether tax payments should be considered part of firms’ social responsibility. Existing literature provides conflicting evidence on the relationship between corporate tax payments and corporate social responsibility (CSR). Borrowing a concept from a behavioral theory of the firm (BTOF), this study attempts to present a more refined model on the relationship between the two. The results in this study reveal that as firms’ performance rises further above their aspiration level, they are less likely to show better CSR performances and are also less likely to avoid taxes. Firms performing just above their aspiration level show higher CSR performances and firms performing nearby (both below and above) their aspiration level avoid more taxes. In conclusion, firms’ CSR and tax payment decisions are related to the desire to meet or beat an aspiration level or sustain competitive advantage than being ethical or unethical.JEL CLASSIFICATION M14; H26 Citation: BRQ Business Research Quarterly PubDate: 2021-03-31T09:26:25Z DOI: 10.1177/23409444211002218
Authors:Taylor Peyton, Drea Zigarmi Abstract: BRQ Business Research Quarterly, Ahead of Print. This study contributes to the emerging literature on the employee work passion appraisal (EWPA) model, by replicating structural equation modeling across three samples (total n = 4,613). We examine passion for work as a mediator of employees’ work environment characteristics and work intentions. Our data fit the structure of the EWPA model in three samples. As expected, work environment characteristics were strongly and positively correlated with harmonious passion, but contrary to our expectations, work environment characteristics were moderately and positively correlated with obsessive passion. Harmonious passion was positively correlated with work intentions, but the connection between obsessive passion and work intentions yielded mixed results. The overall results support harmonious passion, and less so obsessive passion, as partial mediators of employees’ perceptions of their work environment characteristics and favorable work intentions. This study has limitations in that it uses a cross-sectional, single-source, self-report design. Practical implications of the study are also presented. Citation: BRQ Business Research Quarterly PubDate: 2021-03-26T07:29:12Z DOI: 10.1177/23409444211002210
Authors:Remedios Hernández-Linares, María Concepción López-Fernández, Esra Memili, Frank Mullins, Pankaj C Patel Abstract: BRQ Business Research Quarterly, Ahead of Print. Despite growing research on the effect of high-performance work practices (HPWPs) on family firm performance, the implications of socioemotional wealth (SEW) preservation remain ambiguous. This stems from SEW preservation being used primarily as an explanatory construct and assessed indirectly rather than directly in empirical studies. To address this research gap, we draw upon organizational control and signaling theories to determine the “true” interaction between HPWPs and SEW preservation for labor productivity. Specifically, competing hypotheses are presented to determine if this interaction supports complementarity or substitutability. Using a sample of 124 Spanish family firms and a direct measurement of SEW preservation, our results provide support for substitutability, suggesting that family firms can realize higher labor productivity when HPWPs are fully implemented and commitment to SEW preservation is low, and vice versa. These findings have important implications for family firms, given HPWPs’ inverse relationship with SEW preservation regarding labor productivity.JEL CLASSIFICATIONJ24, L20, L21, L26, M12_M12, M54_M54, O15 Citation: BRQ Business Research Quarterly PubDate: 2021-03-22T04:14:53Z DOI: 10.1177/23409444211002521
Authors:Manuel Morales-Serazzi, Óscar González-Benito, Mercedes Martos-Partal Abstract: BRQ Business Research Quarterly, Ahead of Print. This study proposes as a key cause of the high failure rates in the implementation of analytical projects for marketing decisions, the discrepancy in the information quality (DIQ) perceived between producers (information technology [IT]) and users (marketing) of knowledge. Given that the DIQ between agents is a determining factor in the success of the ability to data analytics, this study focuses on examining this concept and its causes, specifically the resources related to data analytics that influence DIQ. The results of the surveys carried out with the IT and marketing managers of 95 companies in Spain, analyzed with a comparative methodological approach (dyadic), reveal the sources of the discrepancy, namely, the quality of the data, the technological capabilities, the talent, Chief Executive Officer (CEO) support, and alignment of the data plan with the marketing plan.JEL CLASSIFICATION M31; M15; D82; L10 Citation: BRQ Business Research Quarterly PubDate: 2021-03-05T02:02:32Z DOI: 10.1177/2340944421996343
Authors:Oneil Harris, Asligul Erkan Abstract: BRQ Business Research Quarterly, Ahead of Print. This study contributes to the emerging literature on board co-option by examining how and to what extent co-opted directors influence managers’ attitudes about earnings management. We find robust evidence that co-option mitigates both real activities and accrual-based earnings management. Our findings support the view that higher co-option reduces managerial short-termism because it enhances managers’ job security as co-opted directors are known to be less likely to remove managers from office. Our results are robust to different measures of both co-option and earnings management, and they continue to hold after accounting for endogeneity and selection concerns. Finally, we provide additional evidence showing that a higher degree of co-option lowers the likelihood of the chief executive officer (CEO) being forcefully removed from the office for managing earnings in the previous year.JEL CLASSIFICATION G30; G34; G39 Citation: BRQ Business Research Quarterly PubDate: 2021-02-11T10:24:36Z DOI: 10.1177/2340944420987572
Authors:María Cantero-Saiz, Begoña Torre-Olmo, Sergio Sanfilippo-Azofra Abstract: BRQ Business Research Quarterly, Ahead of Print. This article analyses how creditor rights affect the trade credit channel of monetary policy. We also aim to test whether these effects were conditioned by the global financial crisis of 2008. Using a sample of 15,356 firms from 29 countries (2001–2017), we found that in normal times or in countries not very severely affected by the financial crisis, trade credit receivables increase during monetary restrictions. Moreover, this increase is less pronounced as creditor protection strengthens. In countries strongly affected by the financial crisis, however, trade credit receivables do not react or even decrease after monetary expansions, regardless of the degree of creditor protection. Furthermore, the results of trade credit payables and net trade credit are not conclusive.JEL CLASSIFICATION: E52; K22; G32 Citation: BRQ Business Research Quarterly PubDate: 2021-01-22T12:22:11Z DOI: 10.1177/2340944420988294
Authors:Luis Martínez-Cháfer, Francesc Xavier Molina-Morales, Jesús Peiró-Palomino Abstract: BRQ Business Research Quarterly, Ahead of Print. This article analyzes the determinants of successful crowdfunding initiatives using a sample of 5,251 projects from the reward-based Spanish platform Verkami. In contrast to most of the literature that has measured success with a dichotomous variable, we approach success with a continuous one, namely the ratio of achievement, which is measured as the obtained resources over the total amount requested by the promoter. We consider a set of potential determinants of success, which are theoretically well-grounded and cover a variety of spheres related to project features. Results suggest that factors related to the signaling theories such as partnership, having previous experience and interaction with backers are positively associated with the achievement ratio, whereas no significant impact is found for the number of rewards. In addition, we find uneven effects for low and high ratios of achievement, identifying the key determinants in different project stages.JEL CLASSIFICATION D26; G29; L26; L86; M13; M21 Citation: BRQ Business Research Quarterly PubDate: 2021-01-19T02:11:12Z DOI: 10.1177/2340944420985862
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