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The purpose of this paper is to investigate the effect of independent directors in reducing firms’ information asymmetry. Moreover, the authors enrich this investigation by differentiating the effectiveness of independent directors in an intriguing comparative setting of family vs non-family firms. Family firms are used to represent an interesting environment where controlling insiders (i.e. firms’ founding families) have dominant control over corporate decisions. This study addresses the question of whether controlling-insiders dominate independent directors.

The authors manually collect firms’ founder information to identify family firm status in a sample of S&P 500 firms. Following a large literature in capital market research, the authors proxy information asymmetry by trading volume, bid-ask spread and price volatility. The authors employ multivariate regression with two-stage least square analysis, instrumental variable method, Heckman selection model and Hausman–Taylor model to address the issue of endogenous selection of board of director and family firm status.

The authors find a negative relation between the board independence and information asymmetry, suggesting independent directors are effective in reducing information asymmetry. Furthermore, the authors find this negative relation is stronger in family firms. These results are robust after controlling for the endogenous issues using various models.

Our results suggest that independent directors in family-controlled firms are more successful in reducing information asymmetry than their counterparts in non-family firms. The authors provide direct evidence to support the existing theoretical arguments from Rediker and Seth (1995) and Anderson and Reeb (2004) that founding families and independent boards might be a powerful combination for aligning the interest of insider and diffused shareholders. The findings ease a prevalent concern that the role of independent directors might be compromised in an environment with controlling shareholders, and advocate regulations promoting board independence for various business practices.

A number of studies concentrate on the practice of corporate disclosure of firm’s performance and governance and how corporate disclosure mitigates information asymmetry (Leuz and Verrecchia, 2000; Ali et al., 2007; Chen et al., 2008). To the best of our knowledge, this study is the first to examine the impact of independent directors in reducing information asymmetry. The research adds to understanding the incentives of board members and supports recent findings that different types of investors have heterogeneous incentives for corporate disclosure (Srinidhi et al., 2014).

Realist evaluation seeks to answer the question of “what works for whom in which circumstances?” through developing and testing middle range theories (MRTs). MRTs are programme theories that outline how certain mechanisms of an intervention work in a specific context to bring about certain outcomes. In this paper, the authors tested an initial MRT about the mechanism of participation. The authors used evidence from a participatory organisational intervention in five worksites of a large multi-national organisation in the US food service industry.

Qualitative data from 89 process tracking documents and 24 post-intervention, semi-structured interviews with intervention stakeholders were analysed using template analysis.

The operationalised mechanism was partial worksite managers’ engagement with the research team. Six contextual factors (e.g. high workload) impaired participation, and one contextual factor (i.e. existing participatory practices) facilitated participation. Worksite managers’ participation resulted in limited improvement in their awareness of how working conditions can impact on their employees’ safety, health, and well-being. Based on these findings, the authors modified the initial MRT into an empirical MRT.

This paper contributes to the understanding of “what works for whom in which circumstances” regarding participation in organisational interventions.

A common concern raised in opposition to Appreciative Inquiry (AI) is that a focus on life-giving images in organizations tends to suppress negative voices. It is supposed that AI sees little value in skeptical, cynical, or negative perspectives. However, when AI is properly understood, all voices – both positive and negative – are seen as essential to the life of organization. The challenge is to create an atmosphere in which the cynical voice, rather than perpetuating dysfunction, can be tapped to build generativity. This chapter describes how to accomplish this objective through the use of analogic inquiry, thus exploring the focus on generativity that is central to AI.

The article examines theories, assumptions, concepts, experiences, and practices from the Latter-day Saints’ (LDS, or the Mormons) religious worldview to expand existing theoretical constructs and implications of leadership development and education for women. The article elucidates LDS doctrine and culture regarding women and provides specific strategies and guidelines to assist people involved with leadership development for LDS women. The article contains four sections: (1) overview of the LDS religion, (2) doctrine and culture, (3) theoretical frameworks, and (4) implications for research and practice. Analysis provides a foundation for leadership scholars and practitioners, particularly those who work directly with LDS women, to facilitate the development and growth of LDS women as leaders.

Increasing numbers of full‐time undergraduates are supplementing their income by seeking paid employment during term‐time. This article details the results of a survey of 368 students at Crewe + Alsager Faculty of Manchester Metropolitan University carried out in March 2000. The survey found that 59 per cent of students were working on a part‐time basis during term‐time, with a significant majority working for financial reasons. Although many students found working to be beneficial to their studies, the students are generally reluctant to work, with many stating that they would leave their paid employment if they could afford to do so. The majority of the employed students perceived that working had a detrimental effect on their academic studies and a quarter of them considered that they could not remain at university without their term‐time jobs.

While numerous comparative studies have measured women's participation in starting or owning a business, the factors stimulating their engagement in highly productive entrepreneurial activity have been understudied. The purpose of this paper is to address this gap in the literature.

This study compares country‐level data on the institutional and cultural factors that affect a woman's decision to start and grow a business with country‐level measures of the entrepreneurial environment, innovative activity and access to opportunity.

It was found that three institutional and cultural factors influence the decision calculus of women to found and expand enterprises: legal and social status; institutional presence; and economic empowerment. Women who have the requisite support exploit market opportunities and translate their ideas, creativity and skills into high potential, high growth ventures. This in turn generates entrepreneurial activity, job creation and prosperity at the country level.

Comparable data on variables of interest, including the number of female‐founded high‐growth businesses and child care support, for example, are not available across countries. This study uses proxies and indices where data are missing and makes recommendations on improving data collection for future scholarship.

Improving access to collateral by strengthening the property rights of women, increasing the representation of women in banking, business, government and academia, and providing greater economic empowerment of all women produces more productive entrepreneurial activity and prosperity for the entire population.

Women entrepreneurs are a missing link that explains variation among countries in the quality and quantity of entrepreneurial activity.

Appreciative Inquiry has clearly made a significant impact on the field of organization development and change. This article presents an assessment of 50 studies based on a review of more than 400 publications and papers. The article covers four sections: first, an overview of the growing significance of AI since the initial Cooperrider and Srivastva article in 1987, with a brief summary of the history, definition, awards, and chronological presentation of the growing body of AI literature. The second section presents a description of the data search process and descriptions of data categories. The third section describes the nature and extent of AI activities and results based on the review of the 50 studies. The final section includes a summary and discussion of the current state of Appreciative Inquiry.

Leadership development among postsecondary students can occur through a variety of experiences; one such experience is a leadership minor. The purpose of this descriptive interpretive study was to analyze students’ experiences while enrolled in a leadership minor with a focus on exploring evidence of leadership identity development. By exploring the leadership identity development of students enrolled in a leadership minor, we sought to provide valuable information for professionals within postsecondary leadership education offering, or planning to offer a leadership minor. Our analysis revealed changes in the leadership identity and skill development of students involved in the leadership minor. Implications and recommendations for leadership development programs, specifically leadership minors, arediscussed.

Despite the breadth of knowledge on self and identity formation across the study of organizations, the field of organizational development and change has limited research on the construction of professional identity. Much has been written to describe the “self-concepts” of those practicing and researching in the field, but there have been no investigations that have explored how these “self-concepts” form. In addition, although women have contributed to defining the “self” in the field, men have held the dominant perspective on the subject. Thus, in this chapter, we address a disparity in the research by exploring the construction of professional identity in the field of organizational development and change, and we give voice to the renowned women who helped to build the field. Using the profiles of 17 American women included in The Palgrave Handbook of Organizational Change Thinkers, we perform a narrative analysis based upon the concepts and models prevalent in the literature on identity formation. By disentangling professional identity formation of the notable women in the field, we can begin to see the nuance and particularities involved in its construction and gain deeper understandings about effective ways to prepare individuals to work in and advance the field.