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Article
Publication date: 13 November 2017

Andrew Keay

The purpose of the paper is to demonstrate that notwithstanding the fact that stewardship theory embraces things like trust of directors, their professionalism, loyalty and…

9193

Abstract

Purpose

The purpose of the paper is to demonstrate that notwithstanding the fact that stewardship theory embraces things like trust of directors, their professionalism, loyalty and willingness to be concerned for the interests of others, as well as rejecting the foundations of classic agency problems that are asserted by agency theory, board accountability is as relevant to stewardship theory as it is to agency theory.

Design/methodology/approach

The paper applies the theory underlying board accountability in corporate governance, which is so often applied both in the corporate governance literature and in practice with agency theory in mind, to stewardship theory.

Findings

While the idea of accountability of boards is generally associated with an explanation and conceptualisation of the role and behaviour of directors as agents within classic agency theory, the paper demonstrates that board accountability is a necessary part of board life even if the role of directors is explained and conceptualised in terms of stewardship theory.

Practical implications

The paper suggests some accountability mechanisms that might be employed in a stewardship approach.

Originality/value

While many authors have talked in general terms about board accountability and its importance, this is the first paper that has engaged in a substantial study that links board accountability directly with stewardship theory, and to establish that accountability is necessary.

Details

International Journal of Law and Management, vol. 59 no. 6
Type: Research Article
ISSN: 1754-243X

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Available. Content available
Article
Publication date: 27 April 2010

A. Martynov

289

Abstract

Details

Development and Learning in Organizations: An International Journal, vol. 24 no. 3
Type: Research Article
ISSN: 1477-7282

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Article
Publication date: 21 March 2023

Aleksey Martynov

To investigate the relationship between technological diversification and firm performance as a function of varying levels of technological coupling and internal technological…

142

Abstract

Purpose

To investigate the relationship between technological diversification and firm performance as a function of varying levels of technological coupling and internal technological change.

Design/methodology/approach

A longitudinal study of US-based bio-pharmaceutical companies.

Findings

Technological diversification improves invention performance. However, high levels of technological coupling reduce this effect.

Practical implications

Firms with highly diversified technological portfolios should strive to keep their technologies at low levels of technological coupling.

Originality/value

This is the first study to show that technological coupling reduces the positive effect of technological diversification on firms' invention performance.

Details

Baltic Journal of Management, vol. 18 no. 3
Type: Research Article
ISSN: 1746-5265

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Article
Publication date: 21 November 2016

Aleksey Martynov and Nader Shafti

The paper reviews existing empirical research where long-term performance (LTP) of firms is the dependent variable. The purpose of this paper is to structure and classify the…

748

Abstract

Purpose

The paper reviews existing empirical research where long-term performance (LTP) of firms is the dependent variable. The purpose of this paper is to structure and classify the existing research, outline the shortcomings, and chart the avenues for future research in the area of LTP.

Design/methodology/approach

The paper is a review of the existing empirical literature. It surveys the existing studies and proposes new directions of empirical research.

Findings

The paper argues that there is a disconnection between the principal theories in strategy and the existing empirical findings. In particular, while the resource-based view (RBV) and dynamic capabilities view aim to predict sustainable competitive advantage and sustainable firm performance, few empirical papers examine the LTP consequences of resources and dynamic capabilities.

Research limitations/implications

The paper shows where future research efforts should be concentrated by outlining shortcomings in existing research.

Practical implications

The paper compares ways to measure LTP that will be useful to corporate executives. The paper also outlines factors that have been shown to affect LTP. These findings can be used by executives planning their strategy.

Originality/value

The paper is a first review of LTP. It also contributes to the debate in strategy on the RBV and dynamic capabilities.

Details

Journal of Strategy and Management, vol. 9 no. 4
Type: Research Article
ISSN: 1755-425X

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Article
Publication date: 14 March 2016

Aleksey Martynov and Dina Abdelzaher

This paper aims to evaluate the effect of knowledge overlap, search width and problem complexity on the quality of problem-solving in teams that use the majority rule to aggregate…

942

Abstract

Purpose

This paper aims to evaluate the effect of knowledge overlap, search width and problem complexity on the quality of problem-solving in teams that use the majority rule to aggregate heterogeneous knowledge of the team members.

Design/methodology/approach

The paper uses agent-based simulations to model iterative problem-solving by teams. The simulation results are analyzed using linear regressions to show the interactions among the variables in the model.

Findings

We find that knowledge overlap, search width and problem complexity interact to jointly impact the optimal solution in the iterative problem-solving process of teams using majority rule decisions. Interestingly, we find that more complex problems require less knowledge overlap. Search width and knowledge overlap act as substitutes, weakening each other’s performance effects.

Research limitations/implications

The results suggest that team performance in iterative problem-solving depends on interactions among knowledge overlap, search width and problem complexity which need to be jointly examined to reflect realistic team dynamics.

Practical implications

The findings suggest that team formation and the choice of a search strategy should be aligned with problem complexity.

Originality/value

This paper contributes to the literature on problem-solving in teams. It is the first attempt to use agent-based simulations to model complex problem-solving in teams. The results have both theoretical and practical significance.

Details

Team Performance Management, vol. 22 no. 1/2
Type: Research Article
ISSN: 1352-7592

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Article
Publication date: 31 May 2022

JoAnne Yong-Kwan Lim

The research on shared mental models (SMMs) focuses on the importance of all team members holding similar mental models to realize team performance. However, for a perceived…

350

Abstract

Purpose

The research on shared mental models (SMMs) focuses on the importance of all team members holding similar mental models to realize team performance. However, for a perceived decomposable task, it is not required for all team members to have similar mental models to achieve team performance. Moreover, unnecessary overlapping mental models among team members may engender information overloading, translating into suboptimal team performance. Absent from the current literature is an understanding of the factors that determine the minimal overlapping mental models required across specific members for team performance. The purpose of this study is to yield an understanding of these issues.

Design/methodology/approach

This study highlights that the requirement to hold similar mental models across specific team members depends on the task decomposition mechanisms used: task complexity and decomposability, subtask assigned and layer, task modularity, workflow interdependence type and tool attributes.

Findings

Unlike much prior research which measured the relationship between SMMs and team performance at the team level, our conceptualization suggests that the measurement of SMMs and team performance needs to be conducted across a team and subsets of the team or individuals depending on task complexity and decomposability. This current research offers an important viewpoint regarding when team members need to hold similar mental models to realize task performance.

Originality/value

By suggesting new insights into when mental models should be similar across specific team members, this research also provides understanding of why some empirical SMMs studies do not yield positive relationships between similar SMMs and team effectiveness while others do.

Details

Team Performance Management: An International Journal, vol. 28 no. 5/6
Type: Research Article
ISSN: 1352-7592

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Book part
Publication date: 2 December 2019

Lyudmila Y. Bogachkova, Lidiya S. Guryanova and Shamam G. Khurshudyan

The energy efficiency policy is a priority component of the overall economic policy of different countries striving to ensure the competitiveness and sustainability of national…

Abstract

The energy efficiency policy is a priority component of the overall economic policy of different countries striving to ensure the competitiveness and sustainability of national economic development. The improvement of energy efficiency represents an important economic task for the post-Soviet countries, characterized by excessive energy intensity of the economy, and the solution of this task requires proper information and analytical support: a system for accounting and analyzing energy consumption indicators. The present research is aimed at developing the tools to support decision-making in the sphere of evaluation and estimation of performance of the State energy efficiency policy of territories and testing these tools on the example of Russian regions. The study has been carried out using the methods of statistics, economic, mathematical and econometric modeling, structural, dynamic and comparative analyses. The following tools have been proposed: the method for differentiated accounting of various factors’ influence on the dynamics of energy consumption in the regions and for estimating the index of technological efficiency of electricity consumption; the method for the empirical classification of territories by types of their energy and economic development. We’ve revealed the general trend and typological features in the dynamics of electricity consumption efficiency indicators in the constituent entities of the Russian Federation and carried out the decomposition factor and comparative analysis of energy consumption patterns of the Volgograd region over 2005–2014 on the basis of the proposed tools.

Available. Open Access. Open Access
Article
Publication date: 12 November 2024

Manuel Guisado-González, Jennifer González-Blanco and María del Mar Rodríguez-Domínguez

This research aims to study the impact that the interaction between internal R&D and R&D cooperation has on the technical efficiency of firms, as well as to analyse whether firms…

47

Abstract

Purpose

This research aims to study the impact that the interaction between internal R&D and R&D cooperation has on the technical efficiency of firms, as well as to analyse whether firms belonging to a group achieve any additional level of technical efficiency.

Design/methodology/approach

We employ the stochastic frontier version of a knowledge production function, particularly the inefficiency model, and we combine the stochastic frontier analysis (SFA) and the complementarity approach.

Findings

The interaction between internal R&D and R&D cooperation has a positive and significant impact on technical efficiency when the complementarity test is applied between companies belonging to a group, and there is no interaction when they do not belong to a group.

Practical implications

Knowing this type of information in advance is critical for managers and policymakers, as it allows them to avoid undesirable combinations of innovation strategies or contexts not favourable for their implementation, as well as the formulation of policies leading to an efficient allocation of public resources.

Originality/value

To the best of the authors’ knowledge, this paper contributes an original approach in evaluating the complementarity of internal R&D and R&D cooperation from the perspective of technical efficiency and group membership, combining the SFA and the complementarity approach.

研究目的

本研究擬探討內部研發與研發合作之間的相互作用會如何影響公司的技術效率;研究亦擬分析屬於集團的公司會否達致更高一級的技術效率。

研究設計/方法/理念

研究人員採用一個知識生產函數的隨機前沿方法,尤其是低效模型,研究人員並且把隨機前沿分析和互補法結合起來進行探討。

研究結果

研究結果顯示,若互補法在屬於集團的公司之間應用,內部研發與研發合作之間的相互作用會對技術效率產生積極和重大的影響;但是,如果公司不屬於任何集團的話,則沒有任何相互作用。

實務方面的啟示

預先了解這方面的資料和信息對管理人員和政策制定者至關重要,這是因為這可讓他們避開不良的創新策略組合,以及那些不利於推行創新策略的環境;而且,能否制定可為公共資源高效分配的政策,也有賴於了解這方面的信息和資料。

研究的原創性/價值

據我們所知,本研究從技術效率和組成員身份的角度去評定內部研發與研發合作的互補性,在這方面提供了新穎的研究方法;而且,本研究結合了隨機前沿分析和互補法,這也是創新的做法。

Details

European Journal of Management and Business Economics, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2444-8451

Keywords

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Book part
Publication date: 10 August 2018

Andrew Inkpen and Kannan Ramaswamy

While much of the debate and discourse on sustainability and environmentally friendly practices have focused on privately owned and operated organizations, enterprises owned by…

Abstract

While much of the debate and discourse on sustainability and environmentally friendly practices have focused on privately owned and operated organizations, enterprises owned by the state have escaped scrutiny. This study focuses specifically on the oil and gas sector to explore the drivers that propel state-owned oil and gas producers, the national oil companies, to embrace sustainability practices. We find that the proportion of independent directors, international exposure, and international involvement influence sustainability practices.

Details

Sustainability, Stakeholder Governance, and Corporate Social Responsibility
Type: Book
ISBN: 978-1-78756-316-2

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Article
Publication date: 17 August 2015

Berend van der Kolk, Henk J. ter Bogt and Paula M.G. van Veen-Dirks

The purpose of this paper is to examine how management control (MC) within governmental departments is used in times of austerity, and how insights from agency and stewardship…

2168

Abstract

Purpose

The purpose of this paper is to examine how management control (MC) within governmental departments is used in times of austerity, and how insights from agency and stewardship theory can enhance the understanding of this issue.

Design/methodology/approach

The authors distinguish two types of MC (constraining and facilitating) based on their different assumptions regarding human behavior (agent-like and steward-like). The authors empirically analyze changes in the use of these types of MC in four cases located in two municipalities. The collected data consists of 51 semi-structured interviews, desk research and multiple field observations.

Findings

The authors find that MC at the departmental level becomes more constraining in times of austerity. The authors suggest that an overemphasis on constraining MC has negative consequences. It can, for instance, evoke agent-like, opportunistic behavior while it disregards potential steward-like behavior. These negative consequences are less prevalent when there is a simultaneous increase in emphasis on the use of facilitating MC elements.

Originality/value

The authors acknowledge “human ambivalence,” i.e. an employee’s recurring choice between agent-like and steward-like behavior, and illustrate the dangers of overly relying on constraining types of MC. The authors also contemplate alternative strategic managerial responses to austerity in a public sector context.

Details

Accounting, Auditing & Accountability Journal, vol. 28 no. 6
Type: Research Article
ISSN: 0951-3574

Keywords

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