The term absorptive capacity refers to the notion that firms may have differing capabilities to innovate and to recognise
the value of new knowledge, assimilate it, and apply it to creating business value. Developing such capabilities often requires
firms to become part of a value network. We therefore apply the notion of absorptive capacity to the level of both the firm,
and the wider value network in that it is embedded. The purpose of this research is to understand how absorptive capacity
process may be moderated by contingent factors so that a more complete picture of absorptive capacity development emerges
from our research. We identify from the literature on learning, innovation, and networks several theoretical perspectives
that may help researchers to understand how contingent factors may facilitate and/or inhibit the development of absorptive
capacity capabilities. We offer a set of propositions that may guide research into learning and innovation in business networks,
and we discuss the managerial implications of these propositions. 相似文献
Organizations that believe they should “give something back” to the society have embraced the concept of corporate social
responsibility (CSR). Although the theoretical underpinnings of CSR have been frequently debated, empirical studies often
involve only limited aspects, implying that theory may not be congruent with actual practices and may impede understanding
and further development of CSR. The authors investigate actual CSR practices related to five different stakeholder groups,
develop an instrument to measure those CSR practices, and apply it to a survey of 401 U.S. organizations. Four different clusters
of organizations emerge, depending on the CSR practice focus. The distinctive features of each cluster relate to organizational
demographics, perceived influence of stakeholders, managers’ perceptions of the influence of CSR on performance, and organizational
performance. 相似文献
The merger between Citicorp and Travelers Group on April 6, 1998 could have emitted two relevant signals for firms that provide financial services. The first signal is the endorsement by two prominent financial institutions that benefits from cross‐selling of bank services with insurance services, brokerage services, and other financial services can be realized. The second signal is that regulators will allow the combination of commercial banking with insurance underwriting and full‐service brokerage, paving a path for similar combinations in the future. We document a favorable share price response for commercial banks, insurance companies, and brokerage firms, which supports the argument that the merger sets a precedent for other combinations between banks and nonbank financial services that will facilitate cross‐selling and efficiencies. 相似文献
Commercial real estate (CRE) loan losses are a recurring contributor to bank failures and financial instability, yet they are not well understood. We examine a unique and proprietary data set of CRE loan defaults at banks that failed and were resolved by the FDIC after the 2008 financial crisis. We build upon an existing literature relating stochastic collateral values to loss given default (LGD). Consistent with model predictions, we show that CRE loans defaulting sooner after origination are more sensitive to declining economic conditions and exhibit LGDs that are more severe. These results are robust to a number of factors, including the declining balance of the loan over time. Our findings point to an inherent fragility associated with high CRE loan growth, even without necessarily a deterioration in lending standards, due to the changing composition of CRE loan seasoning in the industry. This reflects an unexplored risk in the literature concerning rapid and cyclical expansions in CRE credit.
This qualitative content analysis of 503 anonymous online reviews of 52 Canadian call centres posted on RateMyEmployer.ca explores how forms of resistance, alienation and emotional labour are expressed outside of the workplace. Our study finds that digital publics are producing emotive insurgencies and networks of support within marginalised communities that undermine employers’ attempts at deadening the workforce. The reviews exemplify worker awareness of exploitation as some connect these issues to broader socio‐economic factors that are beyond their control. While many offer tactics to challenge and destabilise their working conditions and culture as well as heartfelt and sarcastic warnings of what one might expect if they pursue call centre employment, others use the online space as a means of venting frustrations, eliciting empathies and expressing sentiments of hope(lessness). 相似文献
Neoclassical economic theory delivered upon its promise. It showed how the liberation of markets from government constraints could bring about a rapid expansion in the production of consumer goods. That was a major accomplishment. However, it came with a price in terms of social fragmentation, economic inequality, and a planetary ecosystem that is now overwhelmed by human activity. Continuing to follow the course plotted by conventional economics is a path to disaster. The world needs alternatives. Marxism has been tried and found wanting in many respects, including its abysmal environmental record. This article offers help from an unlikely source: insights of Reformed Protestantism that can be traced back to John Calvin in the 16th century. Although Calvin and Calvinism are better known for a harsh view of human sinfulness, Calvin also contributed to the development of liberal democracies by advocating representative government, universal education, and greater participation by more people. Reformed theology emphasizes the importance of widespread participation in decisions, including economic decisions, at every level of society, and provides a positive role for institutions, including government, to protect the common good. It also points toward the need to situate economic policy in the larger domains of social and ecological health. Above all, it denies the validity of any economic system that deifies economics as such, and provides criteria for judging the effectiveness of economic systems as well as the evils of externalizing social and environmental costs in the name of a false efficiency. 相似文献
In nonmarket valuation, practitioners must choose a format for the valuation questions. A common approach in discrete choice experiments is the ‘pick‐one’ format, often with two alternative policy proposals and a status quo from which the respondent selects. Other proposed formats, include best‐worst elicitation, where respondents are asked to indicate their most and least favoured alternative from a set. Although best‐worst formats can offer efficiency in data collection, they can also lead to responses that are difficult to reconcile with neoclassical welfare estimation. The current article explores methodological issues surrounding the use of pick‐one versus best‐worst data for nonmarket valuation, focusing on framing and status quo effects that may occur within three‐alternative discrete choice experiments. We illustrate these issues using a case study of surplus groundwater use from Western Australian mining. Results identify concerns that may render best‐worst data unsuitable for welfare estimation, including a prevalence of serial choices in which the status quo is universally chosen as the worst alternative, rendering part of the choice process deterministic. Asymmetry of preferences and serial choices can be obscured when models are estimated using ‘naively’ pooled best‐worst data. Results suggest that caution is warranted when using best‐worst data for valuation, even when pooled results appear satisfactory. 相似文献
In the year to August 2002, 15% of the New Zealand road toll was attributed to 15–19 year-old drivers. This is the highest percent of casualties by any five-year age group, with the motor vehicle accident risk peaking at 16 years of age. New Zealand has the highest road accident statistic for this age group in the motorised world. It has been proposed that the driver licensing age be raised from 15 to 17 years of age. A 1998 Parliamentary Select Committee rejected the final proposal of a minimum driver licensing age of 16, on the grounds that such a rise would disadvantage rural youth through less accessible employment, educational facilities, social, and recreational activity, due to inadequate transport alternatives. This paper presents the results of research that examined the impact of the minimum driver licensing age on youth mobility. High school students were surveyed through interviews, questionnaires and travel diaries. It was concluded that the social benefits of raising the minimum driver licensing age to 17 years of age outweighed the social benefits of the status quo, as only minimal number of essential trips were totally dependent on youth acquisition of a driver licence. 相似文献
This symposium's focus is on connections that might be forged between leadership theory and practice, leadership development, and the theory and practice of design. Our intent in exploring the narratives of and literature about designers is to understand and appreciate how the design leadership crucible might forge more effective research approaches, generative pedagogical experience, and produce more effective leaders who can address adaptive problems. The guest editors and authors for the symposium are Elizabeth Johnston and Anthony Kortens. The symposium includes an introduction to the topic of design using current literature, incorporating a report on a series of conversations with two individuals who have enjoyed long and successful careers in design and leadership. These individuals, Michael Schonhofen and Ben Shaw, were contributing partners who shared their experiences as designers and leaders, as well as tirelessly reviewed the symposium documents and offered insights, interpretations, and suggestions. 相似文献