This research examines external observers' reactions to abusive supervision in the workplace while accounting for the impact of the abusive supervisor's race and the abused employee's race. We conducted four different studies to examine differences in external observers' protective behavior across the four possible abusive supervisor–abused employee racial combinations. The focus of these studies is on the two largest racial groups in the US: White Americans and African Americans. Our findings reveal that external observers' willingness to protect an abused employee depends significantly on the abused employee's race and the abusive supervisor's race.

There is scant research examining both the psychological (individual) and leadership (environmental) influences on older workers. We firstly examine the influence of older workers' mindfulness on their job engagement, job satisfaction and turnover intentions. Secondly, we address effective leadership approaches for older workers, comparing two positive relational leadership styles, leader member exchange and leader autonomy support (LAS). We survey 1,237 participants from 28 organisations in New Zealand and employ structural equation modelling to test our hypotheses using AMOS 24.0. We find that mindful older workers enjoy greater wellbeing and are discerning of the leadership styles that most benefit their engagement, satisfaction and intentions to stay within the organisation. We find that mindfulness has direct importance and LAS has indirect importance on advancing the wellbeing of older workers. Mindful older workers exhibit greater work wellbeing than non-mindful workers, but they also demonstrate greater expectations and discernment of the leadership styles they encounter.

This article challenges current interpretations of the rise of the Eurodollar market. It argues that rather than being the exclusive innovation of British banks, the Eurodollar market had also Italian origins. Foreign-currency lending in Italy in the 1950s was characterized by competitive behavior. I explain the accumulation of Eurodollar deposits by Italian banks as resulting from the fact that nonresident foreign-currency deposits were not subject to reserve requirements. Furthermore, I discuss the attitudes of the Bank of Italy regarding the financing of foreign-currency credits with nonresident dollar deposits (Eurodollars) and compare the Eurocurrency liabilities of Italian banks vis-à-vis those of the City of London. The comparison facilitates an approximate estimation of the size of the Eurocurrency market in the late 1950s and, even more importantly, a recalibration of the view that the City of London was the dominant Eurodollar player from the outset.

Do perceptions of work conditions prompt employees to adopt entrepreneurial behaviors? Does well-being play a role in this relationship? This paper proposes an integrated model of the associations between perceptions of work conditions (job resources and job demands) and the dimensions of entrepreneurial behaviors (innovative behavior, proactive behavior, and risk-taking behavior). Following the job demands-resources model, we also explore whether employees' well-being (work engagement and emotional exhaustion) mediates the association between work conditions and employees' behavior. Survey data of 257 R&D employees from the chemical sector in Spain were analyzed. The research concludes that different work conditions correlate with the dimensions of entrepreneurial behavior of employees (EBE) in different ways. Job demands are associated with innovative work behavior. Feelings of engagement are related to the dimensions of EBE and play a mediating role between job resources and EBE. Moreover, feelings of exhaustion and risk-taking behavior are connected.

Similarities between William Rowe’s Speaking of Profit and Peter Lavelle’s The Profits of Nature are not hard to find. Both are focused on the lives of elite men enmeshed in the political world of nineteenth-century China, explain and analyze their views of proper governance and their places in the intellectual milieu of the era, and cast an eye toward global comparisons. Both also feature the word “profit” in the title, and not by coincidence. However, their respective focuses lie on opposite ends of the momentous ruptures of China’s mid-nineteenth century, most notably the Opium (1839–1842) and Taiping (1850–1864) wars. Reading these two books together poses the provocative question of whether their similarities outweigh this considerable difference.

We use attribution theory to show that firms that make more internal attributions to positive performance outcomes engage slack resources more freely for corporate entrepreneurship (CE) than firms that make fewer of such attributions. In addition, we show that the way in which companies make external attributions to performance outcomes moderates this relationship. To examine this empirically, we explore how top management teams discuss the factors that contribute to firm performance. Specifically, we look at attributions provided in the Management's Discussion and Analysis section of the annual reports of 144 pharmaceutical firms over a 2-year period. In line with our predictions, we find that greater internal attribution to positive performance outcomes leads to increased use of slack resources for CE. Furthermore, we find that this effect is stronger when firms make more external attributions to negative performance outcomes than positive performance outcomes.

This study examines the effect of board gender diversity (BGD) and sustainability committees on environmental performance. Using a quantile regression approach and a sample of publicly listed firms in Italy, we find that BGD and sustainability committees have different effects on firms' environmental performance over different points of conditional distribution. This shows that BGD and sustainability committees have greater quantitative impact in firms performing better environmentally and are positively related to environmental performance. We further discover that large Italian firms that reach a critical mass of three female directors maintain a stronger attitude towards environmental sustainability. Overall, the results confirm that BGD and sustainability committees enhance board effectiveness and help promote sustainable environmental initiatives. This study provides empirical evidence from a context that has not yet been investigated. It further augments the literature by employing a quantile regression approach, mostly unexamined by previous studies.

This study utilized social exchange and social learning perspectives to develop a theoretical model about how leader humility predicts follower unethical pro-organizational behavior (UPB). Using two-wave data obtained from 203 full-time employees nested within 46 work teams in eastern China, regression analyses revealed a nonmonotonic association between leader humility and follower UPB, such that follower UPB was most at intermediate levels of leader humility. Moreover, the strength of this curvilinear relationship was found to be moderated by the followers’ organizational identification, such that the inverted U-curve relationship between leader humility and follower UPB will be stronger for followers with high organizational identification than for those with low organizational identification. Implications in theory and practice, along with limitations of our findings, were discussed.

How do economists use graphs, and do they use them well? Using Amazon’s Mechanical Turk, I provide evidence to these questions by exploring more than 2600 graphs published in the first issue of the American Economic Review from 1911 to 2017. I find that economists use a lot of line charts – more than 80% of the total sample are line charts. I also find that the share of graphs that use data (as opposed to diagrams) fell over the first half of the century and then increased from about the early 1980s to today, correlated with perceived graph quality.

We provide novel evidence showing that shareholder litigation risk influences firms’ choices of external growth strategies. Using staggered adoption of universal demand (UD) laws, we find that firms under the threat of litigation tend to choose corporate alliances over mergers and acquisitions (M&As). This finding supports the view that alliances offer a low-risk and low-cost alternative to M&As for firms facing litigation risk. Moreover, alliance performance improves after the passage of UD laws, suggesting that firms can make better deal selections under reduced litigation threats. Overall, we establish an unexplored link between litigation risk and firms’ choices of boundary-expanding transactions.

Do language skills affect investment decisions? This article addresses this question by identifying the effect of English proficiency on the stock market participation of immigrants in the United States and Australia. To establish causality, we construct an instrumental variable for English proficiency by exploiting the phenomenon that younger children acquire languages more easily than older children. We find that English proficiency has a significant positive effect on stock ownership among immigrants in both countries. Moreover, we provide evidence that a reduction in information costs and an increase in trust may serve as the mechanisms underlying the language ability effect.

Previous corporate governance research has paid little attention to the role of chief executive officer (CEO) labor markets in controlling CEO behaviors because the CEO labor market has been considered inefficient. With the increasing mobility of top executives across firms, however, the potential of CEO labor markets to serve as an external disciplining force has been growing. In this study, we argue that CEOs will be more pressured to engage in desirable behaviors as the CEO labor market becomes more efficient. Using a longitudinal sample of S&P 1500 firms in high-technology industries in United States from 2011 to 2019, we found that CEOs tend to increase R&D investment as CEO labor market supply increases. We also found that the tendency is greater when external CEO succession is more frequent in the market. Our results demonstrate that CEO labor markets have the potential to function as an effective external governance mechanism.

Economic incentives are in widespread use to stimulate the development of the electric vehicle industry. However, the distributional effects of such incentives have been subject to little empirical inquiry. This study examines how California’s electric vehicle rebate program impacts different income groups financially. Two effects are considered: the income distribution of rebate beneficiaries and the income distribution of the rebate payers. The results reveal that the overall net financial impacts of the electric vehicle rebate program are regressive: the benefit distribution is highly regressive while the cost distribution is slightly progressive. Recent efforts to improve the fairness of the rebate program do not alter our findings. Policy implications are discussed.

Using a new trademark-based product market competition measure and a novel trademark-merger data set over the period 1983–2016, we show that companies facing greater product market competition are more likely to be acquirers. We further show that postmerger, compared to their nonacquiring peers, acquirers consolidate their product offerings by discontinuing more existing product lines and developing fewer new product lines. Using a quasi-experiment based on bids withdrawn due to exogenous reasons helps us establish the causal effect of deal completion on product-market consolidation. We conclude that acquisitions create product market synergies by cutting overlapping product offerings to achieve cost efficiency.

Political marriage is an under-investigated form of social capital for family firms. In this study, we examine the relationship between political marriage and the growth of family firms. We analyze this relationship using survey data from parent–child dyads of 164 family firms in mainland China, along with qualitative data from eight semi-structured interviews. Drawing on social capital theory and self-verification theory, we propose that political marriage makes a significant contribution to the growth of family firms. We further propose that the effects of a political marriage on firm growth are moderated by the duration of the marriage and the degree of romantic love experienced by the couples. We find that the positive relationship between political marriage and firm growth is stronger when the duration of the marriage is longer. Our results also reveal a three-way interaction effect of political marriage, length of marriage, and romantic love on firm growth. In this interaction, the positive effect of political marriage is strongest when the marriage is long and the degree of romantic love is low (rather than high). Theoretical and practical implications are discussed.

This article provides micro-level evidence for the role of foreign-invested enterprises (FIEs) in the cross-border transmission of global financial uncertainty shocks. Using Chinese firm-level data, we find that rising uncertainty has a significantly larger contractionary effect on real investment for FIEs than their local counterparts. This effect is more pronounced for firms faced with greater investment irreversibility or financial constraints. The contractionary effect is mainly driven by downside uncertainty, whereas upside uncertainty is modestly expansionary. Similar effects are found for other firm-level performances. There is also a spillover effect to local private firms with FIEs concentrated in downstream sectors.