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Whereas the existing literature on the relationship between parental behavior and family business succession mainly focuses on parental behavior in the business domain, we highlight the importance of parental behavior in the family domain. Integrating attachment theory, the family business succession literature, and person-job fit literature, our study proposes a theoretical framework hypothesizing that general self-efficacy and perceived person-job fit mediate the association between perceived parental care (an underrepresented family-domain-specific parental behavior) and next-generation family members’ succession intentions. This framework is tested by data from two surveys and further verified by qualitative interviews of next-generation family members. Multivariate analysis results suggest that next-generation family members’ general self-efficacy and perceived person-job fit played a sequential-mediating role in the relationship between perceived parental care and next-generation family members’ succession intentions. Our interviews not only confirm these results but also reveal new insights, particularly into the specific Chinese context in the study of family business succession.
This article examines the impact of foreign diasporas on host country firms. It contributes to diaspora research by focusing on the context of emerging market host countries and the specific case of Chinese diaspora in Russia. Drawing on the concepts of organizational capabilities and organizational legitimacy, we explain how the Chinese diaspora can be beneficial for the competitiveness of Russian firms, and how Russian firms can uniquely leverage these potential benefits through engagement with individual Chinese diasporans and diaspora institutions. Our article adds to the diaspora literature in several ways. First, unlike the majority of past research, which tends to focus on the benefits for the diaspora's home country, we highlight the potential impact on host country firms, specifically their capabilities and legitimacy at home and abroad. Second, our model can be viewed as a direct response to the many calls in the literature to study the microfoundations of firms’ capabilities. Third, we add to the legitimacy literature by proposing that engagement with a foreign diaspora can help host country firms establish and maintain their legitimacy both at home and on a global scale. Although our framework is informed by the Chinese diaspora in Russia, we discuss its generalizability to other contexts.
We propose an investor attention index based on proxies in the literature and find that it predicts the stock market risk premium significantly, both in sample and out of sample, whereas every proxy individually has little predictive power. The index is extracted using partial least squares, but the results are similar by the scaled principal component analysis. Moreover, the index can deliver sizable economic gains for mean-variance investors in asset allocation. The predictive power of the investor attention index stems primarily from the reversal of temporary price pressure and from the stronger forecasting ability for high-variance stocks.
We argue that social support can be helpful or hurtful in the context of performance outcomes for employees experiencing co-worker exclusion. We contend that employees' perceptions of co-worker exclusion are negatively associated with task performance and citizenship, and positively associated with interpersonal deviance. We further contend that whether social support strengthens or weakens the negative performance outcomes of co-worker exclusion depends on whether the source of social support is from co-workers or family and friends. Using data obtained from 135 supervisor–subordinate dyads across various occupational positions, we find that co-worker support is hurtful, whereas family and friends support is helpful. We also find a three-way interaction: task performance suffers most when employees who feel highly excluded also perceive higher co-worker support and lower family and friends support. These results suggest a need for a more nuanced view of social exchange/support, and build our knowledge about ambivalent relationships.
When I (re)entered the community sector in Aotearoa New Zealand as both academic and activist, I was met with a community sector facing immense contemporary challenges for survival. My initial discussions with community members, as I have mentioned in Part I, highlighted a growing despair at the lack of ‘bite’ of the sector and concern for the ways it had become subservient to the power of neoliberalism. Nevertheless, there was still a strong sense that activism continued to be a vital dimension of the community sector and without some form of activism or advocacy that the community sector was failing to live up to its social promise. In both my conversations with people in different parts of the sector and in the collective, I observed that being part of the community sector was also a deeply cherished aspect of the self. Activist identity was often intimately interconnected with the community sector, but the influence of neoliberalism on the sector had caused many of my participants and colleagues to question whether this sense of ‘activist’ was lost. The community sector, including the collective, was grappling with a possible loss of radical social change and outsider activism.
During my conversations with a broad range of community sector activists, before I started volunteering with the collective, I eagerly gathered their perspectives about the community sector and its role in social change. Most of the issues raised by my participants seemed familiar to those I’d already encountered in the academic literature. My participants enthusiastically told me about the immeasurable and positive contributions the community sector made by supporting communities across our country. Kelly described this well when she told me:
‘[In the community sector] it is the people who live in those communities that make the decisions … there is a really personal connection and it is local … I don't think the government responds with such heart that the people on the ground actually have, because it is the stuff they care about.’
The tales my participants shared with me, however, were always enmeshed in a palpable concern regarding the vast difficulties facing many community organizations in Aotearoa New Zealand.
Time variation in the discount rate affects investment and employment decisions in a manner consistent with Q-theory predictions. This evidence is uncovered when using cyclical consumption as a proxy for the discount rate. The results, which are consistent across both U.S. and international data, suggest that firms respond rationally to variations in the cost of capital and that the discount rate has a substantial impact on macroeconomic dynamics and hence business cycle fluctuations.
In my discussion of two of the ways we can understand the role of the body in anti-violence activism, I have highlighted that a heightened awareness of our bodily vulnerability unsettles our gendered identities. I now want to explore how the unsettling of identities was taken in a radical direction by my colleagues: understanding women as vulnerable bodies. The formulation of women as vulnerable bodies, characterized by an inherent corporeal vulnerability to violence, proved to be an extremely unsettling formulation, not only for me and my colleagues, but for other women and non-binary folk who came into contact with this formulation when I shared early iterations of this work with the collective, at conferences and in other academic settings. In particular, this formulation seemed unsettling as it appeared to run counter to the decades of activism that emphasized women's empowerment and work towards the celebration of women's bodies as powerful and agentic. The centricity of bodily vulnerability to anti-violence activism for the women I worked with, however, was a striking and salient theme and one that reverberated with activists working on other issues.
In my attempts to come to terms with the implications of my colleagues’ formulation of women as vulnerable bodies and the importance of this formulation for anti-violence activism, I found Butler's conceptualization of vulnerability insightful. Butler (2011b: 200) outlines vulnerability as having a twofold meaning:
Vulnerability includes all the various ways in which we are moved, entered, touched, or ways that ideas and others make an impression upon us … [vulnerability] is also a way of indicating one's dependency on another, a set of institutions, or a circumambient world to be well, to be safe, to be acknowledged.
Drawing on Butler's conceptualization of vulnerability, I interpreted my colleagues as not only trying to recognize women's physical vulnerability to others, but also that they were attempting to underscore that we needed to cultivate the capacity to be moved or impressed on by women subjected to violence. Positioning women as vulnerable bodies accentuated the pressing need to promote institutional and domestic protection of women. Throughout my time with the collective, I too was moved by my own exposure to my colleagues and our activism with victims, and eventually came to understand women's dependency on one another and the social conditions that produced women as vulnerable bodies.
The coronavirus disease-2019 pandemic changed regular life and work around the world. Educational institutions moved to a virtual environment, in many cases without any experience and preparation. This paper explores the impact of institutional support on educators' subjective well-being during the pandemic lockdown. A quantitative study was conducted in Lithuania with 1,851 educators in April 2020. Institutional support was found to have a positive impact on work–life balance and well-being, as well as reducing work-related, client-related and personal burnout. This study begins a dialog on institutional support and its impact on employee well-being in unexpected work and life conditions.
We examine the relationship between dividend smoothing and firm valuation across 21 countries using several empirical methods and smoothing measures. Our main results show that dividends are capitalized at significantly larger values for high-smoothing firms than for low-smoothing firms. We also find that dividend-smoothing premiums are higher in countries with weak shareholder protection – suggesting that smoothing serves as a substitute mechanism to reduce agency costs. Overall, our findings support the view that managers use dividend smoothing predominantly as a bonding mechanism to reduce agency costs (Leary and Michaely (2011)), and not as a rent extraction mechanism (Lambrecht and Myers (2012)).
In a square in central Sydney on a warm evening in late November 2018, one rose is laid for each woman killed by domestic violence this year in Australia. So far, there have been 63. Different country, I think, same rotten feeling. I am practised at citing such numbers: 137 women are killed every day by an intimate partner around the world; one in three women in my home country of Aotearoa New Zealand will be subjected to violence at the hands of their partner; LGBT+ folk are at least twice as likely to be subjected to sexual violence by an intimate partner than their heterosexual counterparts, but are less likely to seek help for fear of discrimination. The numbers are practically etched onto my skin. There is a pressing need to create a more just world for women and gender minorities. The numbers alone support that conclusion. But the numbers, while shocking, can feel impersonal. The jolt from numbers can quickly pass. A moment of disbelief, or pain, or maybe even anger. Then gone. Violence might as well be woven into the very fabric of our societies. It is vital to see that each number is a person, and each person is a history; a community; a society; a story. I carry these stories in my bones.
Yet, I cannot think of the dead without remembering those who work to find them justice. They stand before me laying roses as pedestrians pass by to signify that these deaths are a social shame; they march in the streets with placards stating ‘I can't believe I still need to protest this shit’; they sit with victims in the family court; they meet with government representatives; they sit around tables in cold, damp offices making collective decisions; they demand workplaces take responsibility for their employees. Mostly, I think of the buzz of an open-plan office first thing on a Friday morning. I think of my voluntary work alongside one collective of feminist anti-violence activists. I think of women shouting to one another. Laughing with one another. Having serious whispered conversations. Closing doors.
It took me a long time to comprehend the sheer force of will and bravery it took my colleagues to stake a claim to a feminist activist identity in the collective. This revelation came as somewhat of a surprise given that the collective defined itself by a feminist anti-violence standpoint. Like many anti-domestic and sexual violence activist groups that grew out of the women's liberation movements in Aotearoa New Zealand in the 1960s and 1970s, the collective was founded on a second wave feminist approach to gendered violence (Else, 1993; Connolly, 2004). This history was still influential, and the collective continued to express a commitment to feminism in their everyday activism. The collective was also understood to be feminist by our communities and other community sector organizations. As my voluntary work brought me into contact with a wider range of stakeholders, however, I became increasingly aware of the complexities of identifying as a feminist activist in the context of the community sector. There was the possibility of having our charitable status revoked (Elliott, 2016) as well as the fear of losing government funding for claiming a political status of agenda (Grey and Sedgwick, 2013b). Additionally, my colleagues told me stories of other people and organizations not wanting to associate with us on the basis of our political commitments. For example, a private sector organization refused to work with us as we were ‘those bloody feminists’ and we received regular backlash online for our feminist stance. For our aim as a group of anti-violence activists to end gendered violence, productive relationships, access to funding, and influence with the government were important; but so too were our feminist politics and principles.
At the same time as I was becoming more aware of the complexities of feminism in our various relationships in the community sector, I was engaged in formal interviews with some of my colleagues. In all the interviews my colleagues shared stories with me about their identities as feminist activists. I was struck by the difficulties they expressed in being recognized by their colleagues as feminist activists. Within the collective, as well as with stakeholders, it appeared that being a feminist activist was permeated by complexity.
This paper explores how proactive behavior and constructive deviance relate to affective organizational commitment and turnover intention through idea championing. Based on a two-wave study (N = 310), structural equation model analyses revealed that constructive deviance had an inhibitory effect and proactive behavior a facilitatory effect on idea championing. In turn, idea championing was related to increased affective commitment and reduced turnover intention. The analyses of indirect effects further indicated that proactive behavior and constructive deviance had opposite indirect effects on affective commitment and turnover intention. This research underlines the importance of acting proactively upstream rather than deviating from the norm to promote innovation and build employee loyalty to the organization. Finally, this study also indicates that proactive and constructive deviant behaviors are conceptually different and exert opposite effects despite their similar orientation toward innovation and change.
Kimberley and I were chatting together one lunch time, sitting on opposite sides of the lunch table. She was buoyantly explicating her views on the relationships between gender identity and violence, and I was listening intently, intrigued to hear her latest opinions on the subject. I had the opportunity to work closely with Kim during my time volunteering – assisting her in her work and talking with her regularly in our breaks. She's a young, educated, self-proclaimed ‘urban Māori’ who loves debating with her colleagues, myself included, about gender identity, violence, race, and politics. Our lunchtime conversation today has been about whether or not it is actually possible to end gendered violence. Kim argues that it isn't possible, not with contemporary gender identity dualisms. She tells me that until we can imagine a third possible gender, consistently and coherently, there is always going to be a violent fight for the masculine to be dominant over the feminine. She laughs and summarizes: “Basically, every time I think about gender equality, I just think it's never going to happen.”
Kim then asks me what I’ve been working on recently. I explain that I’ve been doing some reading about violence, particularly thinking about the necessities of violence for forming identities (Bergin and Westwood, 2003) and I’ve been particularly interested in the idea that becoming something involves violently foreclosing the possibilities of other ways of being. Kim is particularly enthusiastic about the idea, linking it to her interests in how making some aspects of violence visible – ‘hypering’ she calls it – invisibilizes other kinds of violence. Hypering the idea that it is possible to end gendered violence invisibilizes the ways that gender inequality perpetuates, she argues. Kim has been interested in the notion of the ‘undertow’ of gendered violence; all the complex and subtle ways that people unconsciously revert back to harmful gendered norms.
My lunchtime conversation with Kim left me, as it usually did, unsettled in my ideas about the relationships between gender and violence, and the relationships between gender identity and the possibilities of achieving social change for victims of gendered violence. I didn't agree with Kim that it was impossible to end gendered violence, but my conversations with her were helping me to expand and challenge my own thoughts on the relationships between gender identity and domestic violence work.