Research on the nature and value of firms’ dynamic capabilities has produced contradictory propositions and findings. Scholars have argued that contingency theorizing has the potential to improve our understanding, as the context in which dynamic capabilities are deployed may affect their...

Using data on 157 large companies in Poland and Hungary this paper employs a Bayesian structural equation modeling to examine interrelationships between corporate governance, managers' independence from owners in terms of strategic decision-making, exporting and performance. It is found that...

Ideally, corporations are directed by boards whose directors provide valuable human capital that match the firms' strategy. We investigate how directors' human capital (international experience, industrial know-how, CEO experience, and financial know-how) affects firm performance including the...

This paper theoretically and empirically studies the impact of corporate governance level on firms' choice in two political strategies: lobbying and making political contributions. The theoretical model implies that managers, who care more about personal interests in short run, prefer making...

This study investigates the relationship between family ownership, agency costs, financial performance, and companies' business strategies. The targeted population of this study were all 143 manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2007-2014. About 31% (45) of...

This study examines how a social psychological bias referred to as pluralistic ignorance may occur in corporate boards and how this bias could contribute to strategic persistence in response to relatively low firm performance. Our theory suggests that under conditions of low performance, there...

This study examines the determinants of corporate social responsibility (CSR) and its implications on firms' investment policy, organizational strategy and performance. First, we find that firms with better performance, higher R&D intensity, better financial health, and firms in new economy...