Corporate Management Practices Research Articles

The Influence of CEO's Overseas Background on Firms' Green Technology Innovation Based on the Moderating Effect of the Nature of Firms' Property Rights

Based on China's current emphasis on green development and the bottleneck of green innovation faced by enterprises in practice, this paper focuses on analyzing the role of executives' overseas experience in corporate green innovation. Utilizing data from A-share listed companies in China from 2008 to 2022, this study finds that CEOs with overseas experience significantly promote corporate green technology innovation. The study further reveals the intrinsic mechanisms by which CEOs with overseas experience promote firms' green technological innovation, including the positive impact of their internationalized vision, environmental protection concepts and long-term planning on firms' innovation decisions. Meanwhile, the study also takes into account the heterogeneity of firms, and finds that the overseas experience of CEOs in private firms has a more significant effect on green technological innovation than that of state-owned firms. Through empirical research, this paper clarifies the influence mechanism and boundary conditions of CEOs with overseas experience on corporate green technology innovation, which provides useful insights for corporate management practice and policy making.

Exploration and Practice of Value Cultivation for Students in Sino-Foreign Cooperative Education Programs

The management cooperative education program refers to collaborative educational projects in the field of management between domestic and foreign universities. This collaboration model helps integrate high-quality education resources from both domestic and international sources, enhancing the quality of teaching and providing students with a broader international perspective and opportunities for career development. This article focuses on the exploration and practice of fostering values for students in management cooperative education. By systematically reviewing key areas such as management ideologies both domestically and internationally, corporate culture and values, and the history of world economic development, this article delves into how to effectively guide students in embracing values of openness, inclusiveness, innovation, and collaboration. On the practical level, the article combines case studies of transnational corporate management practices with the growth and contributions of entrepreneurs in China and abroad, proposing a series of specific cultivation strategies and methods. By integrating case analysis with practical teaching, the aim of this article is to help students translate their learned values into tangible actions, laying a solid foundation for future career development and social responsibility. The research findings of this article have important guiding significance for promoting the cultivation of values for students in management cooperative education.

PERAN PUBLIK RELATIONS DALAM ISU DAN KRISIS PT. PERTAMINA (PERSERO)

Crises that hit a company always come unplanned. Therefore a company must have competent public relations practitioners. Which if there is a crisis the company will be ready to handle and resolve it as well as crisis prevention measures for the company. In this study, the authors used qualitative research methods with descriptive research types. This type of descriptive research is research that uses methods by describing a result of the research. The aim is to provide an explanation, and validation of the phenomena that occur in the field. To overcome a crisis and issue that must be done by a PR in a company is to introduce and validate a penetration in the design and practice of corporate management with the aim to at least manage corporate public issues as well or even better than the traditional management of operations that only think about profit. just. Issues management is applied both opportunistically and offensively, evolving from being a reactive crisis prevention tool to maintaining a strategic management discipline. Attention from stakeholders and other interested public- advocacy organizations, non-governmental organizations, government departments and agencies, news media and opinion leaders is bringing these issues onto the public agenda. Issues management strategies and tactics have long been tools of organized labour, governments and even activists, not just corporations.

Pathways to Consolidate Corporate Governance by Incorporating Gaps in Management Accounting Practices: An Integrative Literature Review Research Approach

Corporate governance receives considerable attention from various stakeholders due to the search for potential agents that cause threats to sound corporate management practices. The fall of Enron and Arthur Anderson was an eye opener toward the journey of long years of corporate scandals and corruption. The Sarbanes-Oxley Act of 2002, which includes various codes and guidelines, evolved as an immediate solution to the problem. Traditionally, accounting has become an integral part of managing corporate governance as it is central to generating financial information for various stakeholders. However, research attention, so far, centers around public accountants due to their universal legitimacy in performing public account attestation services. Management accountants can also play important roles in strengthening corporate governance by instilling sound management accounting practices in various corporate affairs where governance is under threat. This dimension is grossly ignored in the existing literature, narrowing the role of accounting in a broader spectrum of governance. Applying the integrative literature review method as an epistemological paradigm, this study undertakes a theoretical attempt to highlight the roles that management accountants can play in strengthening the governance of firms from both external and internal perspectives. The incremental contribution of the article is to enlarge the remit of corporate governance by aligning the functionalities of management accountants with the mainstream study of corporate governance. It opens further research agendas for academics, practitioners, regulators, and other stakeholders.

Potential of pension funds and insurance companies for investment in resources: Policies for sustainable transition

This study extensively explores the complex relationship between environmental investments made by pension funds and insurance companies and their influence on expenses associated with fossil fuels. Analyzing data from 2015 to 2020 across ten OECD economies, the research employs the Fully Modified OLS technique to extract meaningful insights. The results reveal that a 1% increase in environmental investments propels practices focused on energy conservation and increased efficiency by 0.49%, underscoring a dedicated commitment to sustainability. Additionally, a 1% increase in IT expenditures is associated with a 0.10% improvement in energy efficiency. Conversely, heightened green tax payments exhibit a negative correlation with energy usage, emphasizing the impact of regulatory incentives. To bolster sustainable investments, the paper advocates for robust ESG reporting, support for SMEs, the adoption of green corporate management practices, and improved access to green financial markets.

The industry-academia gap on the corporate governance issues in tourism and hospitality: A critical review and future research suggestions

ABSTRACT The current study identifies the most important corporate governance topics being discussed in the industry and academia. The findings are based on a series of comparative automated content analyses of 742 public tourism and hospitality companies’ governance statements published between 2013 and 2022 and on 129 corporate governance-related journal articles in tourism and hospitality. The findings show that industry’s top corporate governance themes are executive compensation, board of directors’ qualifications, and voting. The paper compares these with academia’s top five themes: firm performance, corporate social responsibility, management practices, local development, and growth opportunities. Future research directions are also presented.

ЕКОНОМІЧНЕ ЗРОСТАННЯ ТА ІНВЕСТИЦІЙНА КОНВЕРГЕНЦІЯ: СУТНІСТЬ ТА АНАЛІЗ ВЗАЄМОДІЇ

The article conducts a substantive study and analyzes the relationship between economic growth and investment convergence. It has been established that economic growth and investment convergence are interrelated processes that contribute to sustainable economic development. Economic growth and investment convergence are key components of the development of modern economies. Economic growth determines a steady increase in the volume of production of goods and services in the economy, which contributes to raising the standard of living of the population. Investment convergence, in turn, refers to the convergence of investment levels between different regions or countries, which is important for reducing inequality and promoting balanced economic development. The article examines the main macroeconomic indicators characterizing economic growth: gross domestic product, level of consumer spending, gross accumulation, export of goods and services, import of goods and services. The conducted analysis proves that in 2013 the difference between real and nominal GDP was the smallest and amounted to -3%, and in 2015 the gap between real and nominal GDP was 27.7%. Analyzing the structure of Ukraine's GDP proved that economic growth can be achieved by increasing the quantity and quality of production factors, such as labor, capital and technology. Drivers of economic growth are identified. Investment convergence helps reduce regional disparities and ensures a more even distribution of economic benefits. This, in turn, contributes to stable economic growth, higher living standards and development of human capital. The article analyzes the amount of direct foreign investment in the economy, which allows the implementation of large projects; new technologies and corporate management practices, etc. It was established that the current period of investment convergence in relation to the development of the national economy is characterized by significant fluctuations. Drivers of economic growth based on investment convergence are determined: international investments; integration processes; financial aid and loans. The article proposes the main mechanisms of economic growth interacting with investment convergence. It has been proven that concerted efforts at the level of state policy, institutional reforms, and international cooperation are necessary to achieve the goals of economic growth.

The Impact of CEO Change on Enterprise Performance

The chief executive officer (CEO) is the enterprise's leader and plays a crucial role in business growth. Thus, the impact of the CEO changeover on the company and the selection of a suitable replacement are equally crucial considerations. This research utilizes data from Shanghai and Shenzhen-listed corporations. Using China's shares from 2010 to 2019 as the primary sample and earnings per share (EPS) as the performance indicator, we examine the influence of CEO turnover and succession sources on the company's performance. This research examines the pertinent literature and concludes that there are numerous elements that influence corporate performance, such as CEO turnover, firm size, debt ratio, etc. Several control variables are selected to develop an econometric model in order to control the influence of other factors affecting independent variables and dependent variables. This paper focuses on empirical analysis, does descriptive statistical analysis and multiple regression analysis, and employs the PSM-DID model for robustness testing in order to investigate the effect of CEO change on firm performance. After accounting for the endogenous or self-selection bias of the control sample, the study indicated that CEO turnover has a detrimental effect on company performance. From the standpoint of succession types, the corporate performance of listed companies with external successors is inferior to that of publicly traded companies with internal successors. On the basis of the above empirical findings, this study makes related recommendations for the current corporate management practice in China.

Inter-Unit Executive Redeployment in Multiunit Firms: Evidence from Korean Business Groups

Building on the literature on resource reconfiguration theory, we formulate a new theoretical framework that explains how executive redeployment within a diversified firm transfers different types of human capital embodied in executives to different units facing specific business challenges. In the empirical context of Korean business groups, we find that executives with unit-specific human capital, like turnaround experience, competitive experience, and international expansion experience, are redeployed to units with corresponding business challenges like financial difficulties, intensifying competition, and early-stage international expansion, respectively. We also show that executives with unit-generic human capital, like corporate management practices and interunit coordination experiences, are redeployed to younger units seeking to establish corporate-level policies and practices. Additional analyses also show that the value of firm-specific human capital in driving the redeployment of executives is contingent on their functional orientation and seniority.Funding: S.-J. Chang appreciates financial support from the Lim Kim San Chair Professorship from National University of Singapore and Techno SK Chair Professorship from KAIST. Y.-C. Kim is also grateful for financial support from the Ministry of Education of the Republic of Korea and the National Research Foundation of Korea [NRF-2022S1A5A2A01044597].Supplemental Material: The e-companion is available at https://doi.org/10.1287/orsc.20.14525 .

Inter-Unit Executive Redeployment in Multiunit Firms: Evidence from Korean Business Groups

Building on the literature on resource reconfiguration theory, we formulate a new theoretical framework that explains how executive redeployment within a diversified firm transfers different types of human capital embodied in executives to different units facing specific business challenges. In the empirical context of Korean business groups, we find that executives with unit-specific human capital, like turnaround experience, competitive experience, and international expansion experience, are redeployed to units with corresponding business challenges like financial difficulties, intensifying competition, and early-stage international expansion, respectively. We also show that executives with unit-generic human capital, like corporate management practices and interunit coordination experiences, are redeployed to younger units seeking to establish corporate-level policies and practices. Additional analyses also show that the value of firm-specific human capital in driving the redeployment of executives is contingent on their functional orientation and seniority. Funding: S.-J. Chang appreciates financial support from the Lim Kim San Chair Professorship from National University of Singapore and Techno SK Chair Professorship from KAIST. Y.-C. Kim is also grateful for financial support from the Ministry of Education of the Republic of Korea and the National Research Foundation of Korea [NRF-2022S1A5A2A01044597]. Supplemental Material: The e-companion is available at https://doi.org/10.1287/orsc.2020.14525 .

Personality and Risk-Perception Profiles with Regard to Subjective Wellbeing and Company Management: Corporate Managers during the Covid-19 Pandemic

This study examined the role of the Big Five personality traits and risk perception profiles among a sample of corporate managers concerning their subjective wellbeing (SWB) and corporate management practices during the Covid-19 pandemic. Two hundred and fifty-five chief executive officers (CEOs) and chief financial officers (CFOs) of companies listed on the main market of the Warsaw Stock Exchange (WSE) in Poland participated in the study by completing the Satisfaction with Life Scale, Positive and Negative Affect Scale, Ten-Item Personality Inventory, Stimulation-Instrumental Risk Inventory, and a business survey on the Covid-19 pandemic’s impact on company management. Latent profile analysis revealed the existence of diverse profiles among the participants regarding personality traits and risk perception, which were variously related to their SWB and managerial practices during the pandemic. It seems that individual differences in personality traits and risk perception not only matter for the individual life satisfaction of managers but may also translate into effective company management in times of crisis. The results of our study may be an adjunct to understanding underlying sources of managerial biases in corporate management as well as to developing more effective methods of psychological counseling of corporate managers, a topic that remains still a highly understudied research area.

Organizational Family Values and Happiness in Nonprofit Organizations

Existing studies of individual retention in the nonprofit organizational setting seem relatively silent on the significance of corporate family values and personal happiness, although both concepts could improve particular commitment, better collaboration, and a propensity to perform pro-social behaviour. Grounded on 32 interviews from four Indonesian nonprofit organizations, this article develops the individual retention model based on organizational family values generated by management practices. The findings show that corporate family values would lead to personal happiness, resulting in personal retention. Meanwhile, nonprofits could influence personal satisfaction and retention by generating organizational family values through certain management practices. This model has broadened our understanding of the relations between corporate values, unique perspectives, and management practices; while also contributing to HRM practitioners in managing staff and volunteers.

Entrepreneurship and innovation efficiency: the moderating role of absorptive capacity

PurposeThis study aims to investigate the relationship between entrepreneurship and innovation efficiency (IE), as well as the moderating role of absorptive capacity.Design/methodology/approachThis study uses a sample of industrial enterprises from Chinese provinces from 2005 to 2016, and it tests the research questions using the method of stochastic frontier analysis.FindingsThe results of this study indicate that entrepreneurship promotes IE, and that absorptive capacity plays a positive moderating role. In addition, the effect of entrepreneurship on IE differs between the central and eastern regions and the western region.Originality/valueThis research provides direct policy implications by demonstrating the role of entrepreneurship and absorptive capacity in IE, thereby guiding corporate management practices and the formulation of government innovation and entrepreneurship policies.

Role of corporate social responsibility, management practices, organizational behavior in social equity with mediating role of women empowerment: A study of the Islamic banking sector of South Punjab.

The objective of this study was to identify the relationship between corporate social responsibility (CSR), management practices (MPs), and organizational behavior (OB) in social equity (SE) with the mediating role of women empowerment in the Islamic banking sector of South Punjab. It is a fact that, in the Islamic banking sector, South Punjab is facing a crisis in terms of SE for its employees and customers. This study is based on the quantitative data collected with a five-point Likert scale to identify the relationship between the variables of the framework. Smart PLS 3 software was used in this study to measure the primary data collected by 355 questionnaires. The study concluded that there is an important role of CSR, MPs, and OB in the management of SE in the Islamic banking sector of South Punjab. The theoretical framework of this study is a significant contribution to knowledge as it is based on the significant variables for SE. The study is significant because it provides theoretical as well as practical implications quite useful for the Islamic banking sector of South Punjab to cope with the problem of SE.

The evolution of corporate management practices as employed in conflicts between labour unions and co-operatives

Labour conflicts erupting between co-operative organisations and unions continue to defy our theoretical expectations. We ask, why did an agricultural co-operative, which had enjoyed a relatively harmonious relationship with its labour union, adopt corporate labour management practices that led to a 22 month-long lockout? We use a case study of the lockout to examine the conflict through a neoinstitutional organisation theory framework where we conclude that noncongruent isometric pressures allowed the co-operative to conform to corporate management practices.

Family involvement and proactive tax management behaviour in private family SMEs

PurposeThis paper investigates whether board composition, a family chief executive officer (CEO) and the firm's managerial capabilities affect proactive tax management in family small and medium-sized enterprises (SMEs). The main statement is that the professionalisation of corporate government and management practices explains the difference in tax avoidance behaviour in closely held family SMEs.Design/methodology/approachUsing the 2012 Spanish thin-capitalisation rule as a quasi-experiment, the authors estimate panel regressions with firm fixed effects and robust standard errors. This model represents a triple difference-in-differences combined with propensity score matching (PSM-DID).FindingsAnalysis shows that having a high proportion of non-family board members and a high endowment of managerial capabilities lead to tax liability optimisation in family SMEs. Conversely, familial boards and family SMEs with low managerial capabilities lack enough expertise to weigh the costs of tax avoidance over the benefits, resulting in a reluctance to engage in tax optimisation behaviours. Alike, results show no significant relation between CEO's family affiliation and tax management behaviour.Practical implicationsWhen implementing fiscal policies, the specific needs of family SMEs should be considered, and how these needs interact with corporate governance and managerial mechanisms. Moreover, policymakers need a deeper understanding of family SMEs in order to develop policies appropriate to their characteristics. A more comprehensive knowledge of how family firm heterogeneity affects corporate decisions, such as indebtedness and fiscal decisions, may improve public policies.Originality/valueThis study addresses the issue of tax behaviour in family SMEs in a particular event that implies a specific logic to weigh the pros and cons of each alternative: reducing debt or paying more taxes. This study’s conclusions are based on a model that deals with potential endogeneity problems, which avoids bias in the findings.

Debt maturity structure and stock price crash risk: The case of Turkiye

This study explores the relationship between the debt maturity structure and the stock price crash risk for nonfinancial firms on the Borsa Istanbul from 2009 to 2019. Family ownership is added to the analyses to provide a new perspective on the literature examining the link between stock price crash risk and debt structure. The results show that an increase in long-term debt reduces the risk of a stock price crash, as efficient corporate management practices not only result in favorable debt issuance at a longer term but also reduces information asymmetry that leads to crash risk at firms. Furthermore, the mitigating effect of long-term debt on crash risk is more pronounced at family-controlled firms because active monitoring by family members causes lower agency conflicts in obtaining longer-term debt as well as in maintaining family status, which in turn also diminishes future stock price crashes.

Managing the social capital of the organization: problems of the practical application of the new paradigm of management and the ways of their solution

The publication examines the theoretical aspects and practical problems of social capital management at the corporate level. The concept of social capital, its differences from other aspects of the management of intangible capital of modern organizations is presented. The reasons for insufficient attention to social capital management in the practice of corporate management have been clarified. Based on the results of the analysis of social reporting of 18 largest companies – leaders in key sectors of the economy, it is shown that key corporate entities acting as drivers of the socio – economic development of the Russian Federation are not involved in the practice of social capital management. The directions of social capital management are substantiated, the place in the ESG system is determined, and the directions for assessing social capital are proposed. It is concluded that, despite insufficient practical development, social capital management is intended to become a promising and significant area of corporate management in the ESG direction.

Influence of personal characteristics of talents on voluntary dismissal: The case of Sheremetyevo international airport

The article discusses the use of personal characteristics of talented employees in assessing the likelihood of their voluntary turnover. Despite a growing number of publications on talent management issues, most of the works focus on studying institutional conditions or corporate management practices. At the same time, a scant attention is paid to the peculiarities of talented employees’ labor behavior, including a critical problem for organizations in talent management — voluntary turnover. The paper aims to investigate the influence of the personal characteristics of talented employees on their decision to resign voluntarily. The theoretical part of the work is based on the model of an objective view on understanding qualified employees as those who have a particular set of characteristics that can determine their behavior regardless of the organizational context. In addition to the main socio-demographic and professional aspects of talents, the work uses non-cognitive personality parameters described by the “Big Five” model. The empirical part of the study is based on the data from a survey of 180 employees which was included in the talent management program of Sheremetyevo Airport. The results confirmed the influence of socio-demographic and non-cognitive characteristics on the likelihood of talented employees’ voluntary turnover. Also, some of the parameters, in contrast to the previous studies, have the opposite effect, and talent management programs do not retain talented employees. Despite its novelty, the conclusions of the work are limited because the empirical data was obtained from one though a heterogeneous company by its labor characteristics and the research was conducted during the crisis of 2020. The extension of the sample along with the set of non-cognitive traits can serve as a direction for further studies.

Leadership in education as the principal direction of educational policy

The article is devoted to the analysis of theoretical and practical aspects of educational leadership. It is noted that leadership is a model of management of an educational organization that stimulates the innovative behaviour of teachers, ensures the use of innovations at all levels of the organization. It should create the practice of corporate management in order to support the innovative behaviour of teachers at educational institutions of various types. It is shown by the author that one of the principal directions of the state educational policy is leadership in education as a way of effective staff management in the education management system. Various approaches to the definition of educational policy are proposed, where common indicators are: the organized and purposeful activity of the state; the complex system of measures of state institutions; the key subject of educational policy in society is the state; the education system is a leading institution of a democratic society. The priority areas of educational policy are highlighted: ensuring state guarantees of access to quality education; creation of conditions for improving the quality of general and vocational education; formation of effective economic relations in the education system; enrolling highly qualified specialists to the system of education, their support by the state and society; management of education development based on the distribution of responsibility between the subjects of the educational policy. The emphasis is placed on the technique of managing a structural unit at an educational institution (a set of operations, processes and procedures of managerial activity that are performed formally, based on rules and instructions). It has been proven that the training of managers in the main aspects of staff policy in the field of education, the involvement in training programs and advanced training in matters of staff management, contribute to the formation of scientifically based work with scientific and pedagogical staff, which ensures the effective organization of the educational process