Balancing tensions: Buffering the impact of organisational restructuring and downsizing on employee well‐being

This study examines the impact of employee experiences of restructuring and downsizing on well‐being. The job demands‐resources model was used to develop hypotheses related to job demands in the form of work intensity and job resources in the form of consultation. The job demands‐resources model allows for direct incorporation of employee perceptions and does not assume a singular, predetermined consequence of HRM practices. Hypotheses were tested via structural equation modelling on a nationally representative sample of over 5,110 employees from the Republic of Ireland in 2009. The findings indicate that work intensity serves as a conduit through which experiences of restructuring and downsizing negatively impact employee well‐being. Notably, consultation served as a buffer, diminishing the extent of this negative experience. The findings illuminate the complex pathways that shape how restructuring and downsizing are perceived by employees and the consequences for well‐being. We discuss the theoretical and managerial implications of these findings.     

Do Corporate Site Visits Impact Stock Prices?

We examine the stock price impact of corporate site visits using a unique data set of site visits to listed firms in China. Our main findings are as follows. First, the market reaction around corporate site visits is statistically and economically significant and is stronger for group visits, visits conducted by mutual fund managers, visits covering accounting and finance topics, visits to firms with poor information environments, and visits to manufacturing firms. Second, the stock returns around site visits are positively associated with firms’ future performance. Third, the changes in visiting funds’ holdings are more predictive of firms’ future performance than those of nonvisiting funds. Overall, this study contributes to the literature by providing evidence that site visits are important venues for investors to collect information about firms and make informed trades.     

Poverty analysis in the lowlands of Papua New Guinea underscores climate vulnerability and need for income flexibility*

A severe El Niño event in 2015/16 decimated an important share of Papua New Guinea's (PNG) local crop production, leaving 10 per cent of the population with significant food shortages. Lack of recent socio‐economic data and analysis of the country's rural population impeded efforts to plan and mitigate the ensuing food crisis. This paper presents the most recent poverty analysis in Papua New Guinea in nearly a decade, and a renewed effort to inform rural production, consumption and livelihood patterns in some of the country's most remote, lowland areas. We designed a rural household survey that collected detailed consumption and expenditure data to explore poverty prevalence and correlates of per capita household expenditure. Results suggest that approximately half of the sampled individuals live in households with total per capita expenditures below the poverty line. Climate shocks have significant and possibly long‐term consequences for household welfare. Households that experienced a drought in the last 5 years are associated with significantly lower per capita expenditures. Labour diversification, via migration, is associated with greater welfare. Households with at least one migrant member are associated with 13 per cent greater per capita expenditure.     

CEO Entrepreneurial Leadership and Performance Outcomes of Top Management Teams in Entrepreneurial Ventures: The Mediating Effects of Psychological Safety

This study examines whether the exhibition of entrepreneurial leadership by CEOs within entrepreneurial ventures fosters higher levels of top management team performance and job performance of team members, and whether psychological safety explains such effects. Utilizing four waves of multisource, multilevel data from 262 team members across 56 top management teams, we find that the exercise of entrepreneurial leadership by the CEO leads to higher levels of performance at the team and individual levels, and that psychological safety mediates such relationships.     

Dynamic Effects of Patent Policy on Sequential Innovation

When one patented innovation enables another, endogenous delay of the latter has important implications for the economics of patent life and scope, if licensing is negotiated ex post. Optimal patent life may be finite under competition, even if the royalty imposes no deadweight loss and there is no competitive dissipation of rent. Reduced scope of the first patent eliminates delay of costly enabled innovations, whether monopolized or competitive, and a combination of limited scope and infinite life can be optimal. If the second innovation is negotiated ex ante, its patentability can increase or decrease the first innovator's profit, depending on cost and market structure of the second innovation, and patent life.     

Global operations networks in motion: Managing configurations and capabilities

In the past, the ‘Made in the World’ label, although capturing what may lie ahead, seemed awkward and futuristic. Today, it has become a reality. An ample array of global products are built up of numerous components and modules manufactured by global networks of differentiated partners rather than within the boundaries of one national entity. The purpose of this paper is to contribute to bridging the empirical gap in the area of global operations networks and provide insights into how they change over time. The paper is based on the cases of three Danish companies and their global operations networks. It finds a number of common patterns highlighting organizational effects and managerial challenges faced by the companies regarding rapid changes in their networks configurations and capabilities. The paper details the variables determining these changes and suggests how the on-going interplay between the focal organization, its network partners, and their varying contextual conditions can be dealt with.     

Insurer policies create barriers to health care access and consumer choice

A national survey shows that most insurance companies refuse to credential nurse practitioners in nurse-managed health centers as primary care providers. These prohibitive policies along with weak federal and state laws threaten the long-term sustainability of nurse-managed health centers as safety net health care providers, and the ability for nurse practitioners to become an accepted primary health care source in the United States.