scholarly journals Internal Drivers and Performance Consequences of Small Firm Green Business Strategy: The Moderating Role of External Forces

2015 ◽  
Vol 140 (3) ◽  
pp. 585-606 ◽  
Author(s):  
Leonidas C. Leonidou ◽  
Paul Christodoulides ◽  
Lida P. Kyrgidou ◽  
Daydanda Palihawadana
2018 ◽  
Vol 54 (1) ◽  
pp. 101-153 ◽  
Author(s):  
Jim Hsieh ◽  
Tao-Hsien Dolly King

Recent research on blockholders focuses on activist hedge funds and documents positive stock but negative bond returns. This study investigates the role of blockholder heterogeneity on security market effects and target firm follow-on activities across three important dimensions: identity, motive, and purchasing method. We show that target firms’ security returns and post-acquisition activities strongly correlate with blockholder heterogeneity. Further, bond returns are significantly positive for firms with blockholders’ debt-assistance motive while both stock and bond returns are significantly negative in private placements. Overall, our findings highlight the importance of blockholder heterogeneity on the valuation and performance consequences in block acquisitions.


2018 ◽  
Vol 22 (2) ◽  
pp. 76-92 ◽  
Author(s):  
Jiping Li ◽  
Anran Li ◽  
Prithviraj Chattopadhyay ◽  
Elizabeth George ◽  
Vishal Gupta

2017 ◽  
Vol 2017 (1) ◽  
pp. 14803
Author(s):  
Jiping Li ◽  
Prithviraj Chattopadhyay ◽  
Elizabeth George ◽  
Vishal Gupta

2018 ◽  
Vol 26 (5) ◽  
pp. 798-814
Author(s):  
Aylin Ataay

AbstractInconsistent findings from prior research on the performance consequences of new Chief Executive Officer (CEO) origin led us to study the moderating effect of managerial discretion on the link between CEO outsiderness and firms’ post-succession performance. Data from 75 CEO succession events from an emerging economy show that new CEO outsiderness, without managerial discretion context influences, has no direct impact on post-succession performance. Further, our findings emphasise the moderating impacts of managerial discretion, stemming from factors in a company’s external and internal contingencies, which either strengthen or weaken the association between new CEO outsiderness and post-succession firm performance. It is found that market complexity, but not munificence, provides CEOs with more discretion in the Turkish context, thus strengthening the positive associations between CEO origin and firm performance. Firms inertia weakens both managerial discretion level and the association between CEO outsiderness and firm performance. The results show that internal corporate governance also matters. Finally, when a CEO assumes the dual role of both the chairman and the CEO, the link between CEO outsiderness and performance of the firm becomes stronger.


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