PhD Dissertation Defense, Nauman Asghar, Strategy and Business Policy
Congratulations to Dr Nauman Asghar, Strategy and Business Policy, who successfully defended his doctoral dissertation at HEC Paris on May 30, 2023. Nauman has accepted a position as Assistant Professor at NEOMA Business School.
Specialization: Strategy and Business Policy
Topic: Structural context and intra-organizational capital allocation: A behavioral perspective
Supervisor: Tomasz Obloj, Associate Professor, HEC Paris
- Afonso Almeida Costa, Assistant Professor, NOVA SBE
- Ana Colovic, Professor, NEOMA Business School
- Rodolphe Durand, Professor, HEC Paris
- Denisa Mindruta, Associate Professor, HEC Paris
- Elisa Operti, Professor, ESSEC Business School
- Tomasz Obloj Professeur Associé, HEC Paris, Supervisor.
Abstract: My dissertation examines different facets of the strategic decision of intra-organizational capital allocation from a behavioral perspective. I explore how elements of structural context (especially organizational design, performance goals, ownership structure, and resources (human capital)) influence the rigidity (vs. flexibility) of capital (re)allocation decisions and strategic foresight in relation to capital allocation decisions. The first essay examines how the delegation of decision rights can influence the flexibility of capital allocation. The second essay studies the influence of institutional owners in affecting managers’ response to performance shortfall in terms of changing capital allocation patterns. Finally, the third essay investigates how managers’ human capital attributes shape their strategic foresight in relation to launch of new products by firms. The first essay uses the context of municipalities in the State of Illinois in the United States to study the effect of decision structure. The second essay uses the context of publicly listed firm in the United States to study the effect of institutional owners on response to performance feedback. The third essay uses the context of new product introduction by S&P500 firms and examines the decisions of board members and senior executives to study strategic foresight in relation to capital allocation decisions. To conclude, I attempt to incorporate the influence of central elements of the Carnegie tradition of thought (organizational structure, decision making process, performance goals) to better understand capital allocation decisions.
Keywords: Structure, capital allocation, intra-organizational, behavioral.
Learn more about Asghar Nauman on LinkedIN.