Research Seminars

Strategy & Business Policy

Speaker: DONAL CRILLY
PROFESSOR , LONDON BUSINESS SCHOOL

12 December 2013 - SALLE DU CONSEIL - From 1:30 pm to 3:00 pm


THE FRACTURING OF THE AMERICAN CORPORATE ELITE

Strategy & Business Policy

Speaker: MARK MIZRUCHI
PROFESSOR , UNIVERSITY OF MICHIGAN

28 November 2013 - SALLE DU CONSEIL - From 1:30 pm to 3:00 pm


SIGNAL OR SYMBOL? INTERPRETING FIRM'S STRATEGIC RESPONSES TO INSTITUTIONAL CHANGE IN THE BRAZILIAN STOCK MARKET

Strategy & Business Policy

Speaker: SUSAN PERKINS
PROFESSOR , KELLOG SCHOOL OF MANAGEMENT

26 November 2013 - SALLE DU CONSEIL - From 10:30 am to 12:00 pm


While analyzing how and why firms respond to product market demands has been a long withstanding central issue in the strategy literature, recent research suggests the need for a comparable level of attention on how and why firms respond to non-market (i.e., institutional) demands. In this study, we theoretically and empirically analyze how Brazilian listed firms responded to voluntary institutional reforms (aimed at reducing longstanding agency problems related to pyramidal group ownership) to the BOVESPA stock market to better understand strategic response to institutional changes. This study provides insight on which types of firms are more likely to adopt new institutional practices; how firm market signals affect firm stock performance; and whether implementing new organizational practices, or not, affects the longevity of changes in performance. We show that firms that signaled to the market better governance practices received abnormal stock returns at the time of announcement and migration. However, we also find that in many cases, the changes observed are more symbolic than substantive. In cases where the main shareholder is a family-owned pyramidal group, the firm is more likely to decouple. Conversely, government-owned and dual-listed firms are less likely to be non-implementers of the new corporate governance practices.

ENTREPRENEURIAL FIRMS CREATED ABROAD: LIABILITY OF FOREIGNNESS AND SURVIVAL

Strategy & Business Policy

Speaker: JOSE MATA
PROFESSOR , NOVA SCHOOL OF BUSINESS AND ECONOMICS LISBOA

3 October 2013 - SALLE DU CONSEIL - From 1:30 pm to 3:00 pm


THE ENGAGED ORGANIZATION: HUMAN CAPITAL, SOCIAL CAPITAL, GREEN CAPITAL AND LABOR PRODUCTIVITY

Strategy & Business Policy

Speaker: MAGALI DELMAS
PROFESSOR , ANDERSON SCHOOL OF MANAGEMENT

18 June 2013 - SALLE DU CONSEIL - From 1:30 pm to 3:00 pm



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