PRACTITIONER APPLICATION: The Role of Organizational Slack in Buffering Financially Distressed Hospitals From Market Exits

2021 ◽  
Vol 66 (1) ◽  
pp. 61-62
Author(s):  
James Langabeer
Keyword(s):  
Organizational Slack ◽  
Financially Distressed

The Role of Organizational Slack in Buffering Financially Distressed Hospitals from Market Exits

2021 ◽  
Vol 66 (1) ◽  
pp. 48-61
Author(s):  
Neeraj Puro ◽  
Nancy Borkowski ◽  
Scott Feyereisen ◽  
Larry Hearld ◽  
Nathaniel Carroll ◽  
...  
Keyword(s):  
Organizational Slack ◽  
Financially Distressed

The Role of Organizational Slack in Buffering Financially Distressed Hospitals from Market Exits

2020 ◽  
Vol 2020 (1) ◽  
pp. 20154
Author(s):  
Neeraj Puro ◽  
Scott Feyereisen ◽  
Dean Smith ◽  
Nathan Carroll
Keyword(s):  
Organizational Slack ◽  
Financially Distressed

scholarly journals Legitimacy, Visibility, and the Antecedents of Corporate Social Performance: An Investigation of the Instrumental Perspective

2009 ◽  
Vol 37 (6) ◽  
pp. 1558-1585 ◽  
Author(s):  
Shih-Chi Chiu ◽  
Mark Sharfman
Keyword(s):  
Institutional Theory ◽  
Conceptual Framework ◽  
Economic Performance ◽  
Cost Of Capital ◽  
Corporate Social Performance ◽  
Social Performance ◽  
Organizational Slack ◽  
Multiple Stakeholders ◽  
Corporate Social

Using institutional theory as the foundation, this study examines the role of organizational visibility from a variety of sources (i.e., slack visibility, industry visibility, and visibility to multiple stakeholders) in influencing corporate social performance (CSP). The conceptual framework offers important insights regarding the instrumental motives of managers in performing CSP initiatives. Based on a sample of 124 S&P 500 firms, the authors found that it is a firm’s visibility to stakeholders, rather than its economic performance, that has the larger impact on managers’ decisions regarding how much CSP their firms exhibit. The results show that more profitable firms may not be motivated to engage actively in CSP unless they are under greater scrutiny by various firm stakeholders. The authors also found that organizational slack (estimated as cost of capital) is positively associated with a Social CSP dimension but negatively associated with a Strategic CSP dimension. This research contributes to the current CSP literature by demonstrating that motivations in addition to normative or ethical ones may be at play in the decisions firms make regarding their CSP.

scholarly journals Exploring the role of the business rescue practitioner in rescuing a financially distressed company

2018 ◽  
Vol 14 (2) ◽  
pp. 20-26
Author(s):  
Kudzai Mpofu ◽  
Anthony O. Nwafor ◽  
Koboro J. Selala
Keyword(s):  
South African ◽  
Corporate Sustainability ◽  
Objective Assessment ◽  
The South ◽  
Breach Of Duty ◽  
Financially Distressed ◽  
Judicial Scrutiny ◽  
High Level

The emphasis on corporate sustainability as against liquidation in the South African Companies Act 71 of 2008 creates an important figure in the person of the business rescue practitioner. The practitioner in that capacity supplants the board and is insulated from the relevant elements of shareholder control in the discharge of the task of rescuing the financially distressed company. The article interrogates, through doctrinal approach, the efficacy of the statutory provisions relating to the role of the business rescue practitioner in the business rescue process and argues against the disqualification of juristic persons from appointment as business rescue practitioners. While respecting the subjective decision of the practitioner in the preparation of the rescue plan, the paper considers that such subjective decision should withstand some level of objective assessment to enjoy credibility, just as the practitioner should conform to a high level of judicial scrutiny as an officer of the court to be absolved from any liability arising from a breach of duty.

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