报告题目：Chewing off Your Own Arm to Get Away: Upper-echelon Social Capital and Declining Firms’ Desperate Moves
报告人：姜翰 杜兰大学
报告时间：2022年8月24日(周三) 16:00-17:30
讲座地点：中国科学院大学中关村校区教学楼S406； 腾讯会议ID：337 514 023
内容摘要
It is long noted that declining firms are more inclined to take desperate moves to avoid failure and strive for turnaround. In this study, we strive to further highlighting the mechanisms underlying such cause-and-effect links between organizational decline and desperation by exploring the role of upper-echelon social capital in declining firms’ decisions for desperate moves. In particular, prior studies have documented that facing the decline of their host firms, upper echelons can either use their social capital to help save the firms or strive to protect their social capital from being tainted by the firms’ possible failure. Drawing on the insights, we propose a set of competing hypotheses, positing that the former motive (“save your firm”) would drive the upper echelons to leverage their social capital to seek more external resources to achieve turnaround and thus avoid making desperate moves, while the latter motive (“save yourself”) would drive the upper echelons to promote desperate moves to avoid failure and protect their social capital. We further posit that both possible effects would be contingent on the upper echelons’ overconfidence and narcissism. We test our hypotheses using an intriguing setting, i.e., Chinese firms’ efforts to liquidate real estate assets in response to special treatment (*ST) filing. Results largely support the “save yourself” hypotheses.
主讲人简介
Han Jiang (PhD Arizona State University) is an assistant professor in management and Irving H. LaValle Professor in Business Administration at A. B. Freeman School of Business, Tulane University. His research focuses on corporate governance and strategic leadership, social networks, and entrepreneurship and innovation. His work has appeared in the Academy of Management Journal, Strategic Management Journal, Journal of Management, Entrepreneurship: Theory and Practice, among other academic outlets. Han is currently a senior editor of Asia Pacific Journal of Management and serves on the editorial review board of Strategic Management Journal and Management and Organization Review. Han is also a committee member of the macro track research committee of the International Association of Chinese Management Research (IACMR).
