Conventional wisdom suggests that high-reputation banks will generally produce good securities to maintain their long-run reputation. We show with a simple model that when securities are complex a high-reputation bank may produce assets that underperform during market downturns. We examine this possibility using a unique sample of 10.1 trillion dollars of CLO, MBS, ABS, and CDOs. Contrary to th…
Includes index and tables
Opportunities for financial reporting fraud arise because of information asymmetries—often labeled “lack of transparency”—between top managers and their diverse shareholders. We evaluate the relative contributions of information asymmetries arising from industry-level and firm-level complexities to the likelihood of top managers committing financial reporting fraud. Using a sample of 45…
Although research on team motivation has been one of the fastest growing research domains in organizational science, progress in this domain has been hampered by a lack of integrative reviews. Thus, we develop a theoretical framework in this article to summarize and discuss different conceptual approaches to team motivation for the following six content areas: team design, team needs, team goal…
High Performance Work Systems are designed to enhance organizational performance by improving employee capability, commitment, and productivity. Yet there is very little consensus about the structure of these systems and the practices therein. The lack of structure may be inhibiting the growth of knowledge in this field and the degree to which organizations adopt these systems. To address these…
The authors examine the mediating role of competitive intensity in the relationship between managerial racial diversity and firm performance (i.e., market share gain and average stock return). Racial diversity relates to firm performance via firms’ capacity to compete intensively (i.e., to introduce new competitive actions frequently). An analysis reveals that environmental munificence modera…
A temporary workgroup of trained British soldiers fractured and nearly lost members’ lives when it encountered unexpected adversity in Low’s Gully, Borneo. Although demography-oriented theories of group faultlines and diversity types offer useful cross-sectional baselines for predicting and explaining workgroup fracture, the authors examine the Low’s Gully expedition to build theory expos…
Includes bibliographies footnotes tables and index
Includes bibliographies, index and tables
Includes index.
Muthén and Asparouhov introduced an approach for conducting Bayesian inference in the context of structural equation models that they termed Bayesian structural equation modeling (BSEM). In this article, we provide an overview of the BSEM technique, illustrate how this technique relates to confirmatory and exploratory factor analysis, and highlight several key problems with using the BSEM appr…
Includes index and tables
Includes index and tables
Includes index
Research on strategic momentum considers how experience with innovation affects firms? subsequent innovativeness. Traditionally the momentum literature has emphasized arguments for an accelerating effect of innovation experience, but recent critiques and contrasting empirical results suggest ambiguity regarding how experience with innovation affects subsequent innovative activity. In this study…
We study theory of mind (ToM) and empathic underpinnings of Machiavellianism by use of functional magnetic resonance imaging, where account managers are used as participants in 3 studies. Study 1 finds evidence for activation of the medial prefrontal cortex, left and right temporo-parietal junction, and left and right precuneus regions; all five regions are negatively correlated with Machiavell…