The time frames of entrepreneurs

This study investigated past and future temporal depths (distances into the past and future) of entrepreneurs. The results provide the first statistics describing these depths in a sample of entrepreneurs. A significant positive correlation was found between past and future temporal depths, and relationships were examined between both temporal depths and polychronicity, preference for working fast, perceived temporal flexibility of work, emphasis on schedules and deadlines, emphasis on punctuality, and general life stress. Entrepreneurs' ages, lengths of future temporal depth, and perceived temporal flexibility were all found to be negatively related to life stress in a hierarchical regression analysis.     

Implementing the Marketing Concept One Employee at a Time: Pinpointing Beliefs about Customer Focus as a Lever for Organizational Renewal

This paper revisits the literature on organizational culture to motivate new theorizing about implementation of the marketing concept. We propose an individual-level construct, conceived as an alternative to the SBU-level conceptions featured in current theorizing about market orientation, and ground it in the organizational cognition perspective on culture. Our alternative construct—customer focus—is defined as an individual's beliefs about the value of direct customer contact for achieving desired performance outcomes in his or her own job. A measure for the construct is presented and its predictive validity is demonstrated with respect to individuals' interactions with customers. As a parsimonious and functionally-unbounded construct, customer focus can motivate theory development through identification of its unique antecedents and consequences. A preliminary nomological network is offered to suggest avenues for future research and indicate the potential role of customer focus in effecting organizational change and vitality.     

Independence Threats,Litigation Risk,and the Auditor's Decision Process*

This study examines the effect of independence threats and litigation risk on auditors' evaluation of information and subsequent reporting choices. Using a Web‐based experiment, I tracked auditors' information gathering and evaluation leading to a going‐concern reporting decision. Specifically, 48 audit managers assessed client survival likelihood, gathered additional information, and suggested audit report choices. I found that auditors facing high independence threats (fear of losing the client) evaluated information as more indicative of a surviving client and were more likely to suggest an unmodified audit report, consistent with client preferences. In contrast, auditors facing high litigation risk evaluated information as more indicative of a failing client and were more likely to suggest a modified audit report. In addition, the association between risk and report choice was fully mediated by final information evaluation. This suggests that it is unlikely that different reporting choices resulted from a conscious choice bias, but rather that motivated reasoning during evidence evaluation plays a key role in the effect of risk in auditor decision making.     

Measuring Investment Distortions when Risk-Averse Managers Decide Whether to Undertake Risky Projects

We create a dynamic model in which a self-interested, risk-averse manager makes corporate investment decisions at a levered firm with characteristics typical of public US firms. We examine the magnitude of distortions in those decisions when a new project changes firm risk and find expected changes in the values of future tax shields and bankruptcy costs to be important factors. We evaluate the extent to which these distortions vary with firm leverage, debt duration, project size, managerial risk aversion, managerial non-firm wealth, and the structure of management compensation packages