Symbolic but Consequential: Securities Analysts’ Forecasts and Corporate Downsizing Decisions

2017 ◽  
Vol 2017 (1) ◽  
pp. 14636
Author(s):  
Jiwook Jung ◽  
Yin Lee
Keyword(s):  
Securities Analysts ◽  
Corporate Downsizing

Regulating Securities Analysts

2004 ◽  
Author(s):  
Mark A. Chen ◽  
Robert S. Marquez
Keyword(s):  
Securities Analysts

Book Review: The Senior Year Experience: Facilitating Integration, Reflection, Closure, and Transition

NASPA Journal ◽  
2000 ◽  
Vol 37 (3) ◽  
Author(s):  
Gary R. Ratcliff
Keyword(s):  
College Students ◽  
Living Conditions ◽  
Public Concern ◽  
Senior Year ◽  
Economic Distress ◽  
Corporate Downsizing

Changes in the economy have shaken society's belief that living conditions in America will improve generation after generation. At the start of this decade, stagnated wages and corporate downsizing heightened public concern about decreasing mobility and declining fortunes (Newman, 1993). Today, college students, many of whom come from families that have experienced economic distress, worry about finding a job, affording a family, and boomeranging home (Levine & Cureton, 1998).

Defeating the Minotaur: The Construction of CEO Charisma on the US Stock Market

2006 ◽  
Vol 27 (6) ◽  
pp. 811-832 ◽  
Author(s):  
Angelo Fanelli ◽  
Nora Ilona Grasselli
Keyword(s):  
Stock Market ◽  
Charismatic Leadership ◽  
Top Down ◽  
Active Involvement ◽  
Securities Analysts ◽  
The Us ◽  
Organizational Symbolism ◽  
The Usa ◽  
Ceo Successions ◽  
Securities Analyst

This paper illustrates the construction of CEO charisma within the US stock market. By metaphorically employing the myth of the Minotaur, we discuss three forces underlying the rise of heroic CEO images in the USA: Ariadne, or charismatic leadership theory and its formulation of charisma; Theseus, or the CEOs struggling to obtain power over stock market actors; and the Minotaur, or the stock market itself and the securities analyst profession. Building on the literature on organizational symbolism, we present a qualitative study of two CEO successions, focusing on the form and content of the persona and the vision projected by CEOs and elaborated by securities analysts. The results suggest that jointly constructing charisma through discourse, CEOs and analysts enact a form of power that does not lie in top-down coercion, but rather on the emergent, active involvement and contribution of its very subjects.

scholarly journals Stock Market Liberalization and Corporate Green Innovation: Evidence from China

2021 ◽  
Vol 18 (7) ◽  
pp. 3412
Author(s):  
Yuming Zhang ◽  
Juanjuan Zhang ◽  
Zhang Cheng
Keyword(s):  
Stock Market ◽  
Natural Experiment ◽  
Financial Behavior ◽  
Mechanism Analysis ◽  
Market Liberalization ◽  
Green Innovation ◽  
Securities Analysts ◽  
Stock Market Liberalization ◽  
The Impact ◽  
Practical Implications

Corporate green innovation is an effective way to achieve energy conservation and emission reduction. Enterprises’ willingness to pursue green innovation is increasingly affected by external factors. By using a quasi-natural experiment of China’s Stock Connect program, we investigate the impact of stock market liberalization on corporate green innovation. We find that stock market liberalization increases enterprises’ green innovation, especially for state-owned enterprises. We also find that stock market liberalization plays a stronger role in promoting the green invention patents of enterprises whose managers have overseas experience and enterprises in areas with a higher degree of openness. Our mechanism analysis suggests that stock market liberalization attracts the attention of securities analysts and increases managers’ focus on environmental protection, thereby promoting corporate green innovation. Our findings show that stock market liberalization plays an important role in the governance of firms’ non-financial behavior, which has important theoretical and practical implications.

To downsize or not to downsize: when and how does corporate downsizing create long-term value?

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mishari Alnahedh ◽  
Abdullatif Alrashdan
Keyword(s):  
Positive Relationship ◽  
Business Environment ◽  
Strategic Decision ◽  
Value Appropriation ◽  
Empirical Examination ◽  
Content Type ◽  
Growth And Survival ◽  
Moderation Effect ◽  
Corporate Downsizing

Purpose How does corporate downsizing contribute to a firm’s long-term value? While the extant empirical findings on this relationship are inconclusive, contradictory and equivocal, the answers to this question remain particularly important in today’s business environment. Considering that downsizing is often directed toward long-term growth and survival, this paper aims to posit that scholars should account for the temporal nature of this strategic decision to understand its economic impact on the firm’s operations. Therefore, this paper provides a more rigorous empirical examination of how a firm’s decision to downsize its workforce affects that firm’s long-term value. Design/methodology/approach This paper used Wibbens and Siggelkow’s (2020) measure of long-term investor value appropriation (LIVA) to directly observe the effects of corporate downsizing on firm long-term value and growth. Using a sample of 3,149 US publicly traded manufacturing firms that operated between 2002 to 2018, this paper tested the main effect of downsizing on LIVA and 3 boundary condition hypotheses. Findings This paper found a positive relationship between corporate downsizing and a firm’s long-term value. Interestingly, this positive relationship is stronger among firms that had high human resource slack and R&D intensity. Contrary to the expectations, this paper did not find support for the moderation effect of the proximity to bankruptcy on the relationship between corporate downsizing and a firm’s long-term value. Originality/value With these findings, the paper sheds light on the long-term implications of a firm’s decision to downsize its workforce.

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