This study presents nine Italian cases of SMWT adoption. The powerful role of trade unions in Italy has made it difficult to use this practice for increasing pressure on the workers. In only three cases the introduction of SMWT took place simply as a means of broadening, rotating and partially...

CEO successions represent critical junctures for firms. Although extant research explores the performance consequences resulting from different succession types, what remains underexplored is what happens when the firm rehires a former CEO (e.g., a “boomerang CEO”). Using a sample of over...

BlackRock's recent public letters to the CEOs of the companies in which it invests have drawn substantial attention from stock market actors and observers for their conspicuous call on corporate CEOs to focus on sustainability and social impacts on non-shareholder stakeholders. This Article...

This research analyses small and medium enterprises directors' sensitivity to CSR, and more specifically to workplace wellbeing and risk management. We conducted a questionnaire survey of 1,800 directors of Belgian small and medium enterprises to determine their perceptions and actions regarding...

A monopolist is treated as a nexus of contracts with team production. It has one ownermanager. The owner-manager is the employer of two employees. A team production problem is present if the employer is a "managerial lemon". If the team production problem is solved, the employer is a "managerial...

A monopolist is treated as a nexus of contracts with team production. It has one ownermanager. The owner-manager is the employer of two employees. A team production problem is present if the employer is a "managerial lemon". If the team production problem is solved, the employer is a "managerial...

We examine the effect of competition shocks induced by major industry-level tariff cuts on forced CEO turnover. Both the likelihood of forced CEO turnover and its sensitivity to performance increase, particularly for firms with low productivity and high default risk. While CEO's incentive pay...

In this paper we study the nature of incentive contracts and organizational modes in a game where the firms' owners endogenously determine the order of moves at the quantity-setting stage, can choose to delegate the production decision to a manager and write appropriate incentive contracts. It...

We study the processes of firm growth in the evolution of the Japanese cotton spinning industry in the late 19th-early 20th century, the first episode of successful industrialization outside of Western Europe and the United Sates. By integrating strategy and historical approaches and utilizing...

We extend prior empirical research on the questions of whether, how much, and under which conditions strategic leaders matter to the fate of their firms. With a 20-year Panel of 110 German firms, our analysis broadens the prevalent focus on CEO influences in U.S. settings. The results indicate...