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Viimeksi tallennetut

  • The Effects of International Board Diversity on Working Capital
    Bazel‐Shoham, Ofra; Imes, Matthew; Khan, Zaheer; Shoham, Amir; Tarba, Shlomo Y. (John Wiley & Sons, 2026)
    Artikkeli
    By focusing on working capital ratios, this paper examines the impact of international board diversity on the firm's working capital. This study is based on an S&P 1500 index sample of 13,716 firm-year observations drawn between 2005 and 2025. The findings show that the presence of international directors on corporate boards reduces working capital ratios. The results are robust to a battery of empirical tests, including a novel instrumental variable test of the first pronoun drop in the languages spoken in the county where the corporation is headquartered. In addition, we find that the channel by which board international diversity impacts working capital holdings is the institutional collectivist culture of the directors' home country. This finding is consistent with Cushion Theory, which assumes that culturally collective societies tend to take higher risks than individualistic ones.
  • Who defaults during COVID-19? evidence from local lockdown restrictions
    Cosma, Stefano; King, Timothy; Pennetta, Daniela (Elsevier, 2026)
    Artikkeli
    We examine whether geographically heterogeneous COVID-19 lockdown restrictions affected household credit risk using a proprietary dataset of over 42,000 personal loans from an Italian financial institution. Exploiting local variation in the intensity of local lockdown restrictions, we find that stricter local restrictions significantly increased the likelihood of borrower default. The effect is heterogeneous across borrower characteristics, being stronger even among high-credit-score borrowers and attenuated for homeowners. Our results are robust to alternative specifications, including geographic exclusions of metropolitan areas. Taken together, our findings show that localized public health interventions had meaningful and uneven financial consequences, with implications for targeted credit risk and social protection policies.
  • Defending liberal international business education: a critical perspectives framework
    Šilenskytė, Aušrinė; Burmester, Brent; Vilasboas Calixto Casnici, Cyntia (Emerald, 2026)
    Artikkeli
    Purpose This paper draws attention to historically circular and currently globally rising illiberalism and state-sanctioned intolerance that oppresses academic freedom and free speech, affecting the content and methods of international business (IB) education. This paper aims to propose a critical perspectives (CPs) framework and a set of actions directed at defending liberal IB education. Design/methodology/approach The authors draw on action-oriented examples of CP and specifically the idea of coexisting multiple approaches to problem-solving. Accordingly, the authors propose a spectrum with three parts for integrating CP into IB education and discuss specific actions to be taken across all the components of the IB curriculum (learning goals, content, teaching methods and assessment) in each part of the spectrum. Findings The depth and level of engaging with CP in IB education depend on the restrictions of the social, political, business and academic environment and the educator’s personal capabilities and preference to engage with critical scholarship and radical critique. Considering external and internal constraints, IB educators may choose to design courses and programs by focusing on raising awareness and tolerance, facilitating evaluation and solution creation or leading restorative actions and fighting oppression. Originality/value The paper elaborates on how CP can be embedded in the IB curriculum, especially under conditions where scholars may fear sanctions or lack skills to oppose the institutionalized constraints. The framework invites for reconciliation, empowering IB education to rise above dogmatism, foster diverse ideas going beyond neoliberal formatting of IB education, secure academic freedom and defend against pressures for uniformity in thought, values and action.
  • Toward an Integrative Framework of Industry Platform Management: A Systematic Literature Review and Agenda for Future Research
    Abed Alghani, Khaled; Kohtamäki, Marko (John Wiley & Sons, 2026)
    Artikkeli
    The advent of industry platforms, with some rising to become among the most valuable companies by market capitalization, has attracted significant attention from both practitioners and academics. While various firms have sought to embrace industry platforms, many have struggled with their management. Although prior research has provided valuable insights into how platform owners manage their industry platforms, the literature remains fragmented across disciplines, narrowly focused on specific topics, and underexplores diverse aspects of platform management. Therefore, a comprehensive understanding of industry platform management remains lacking despite substantial research efforts. In response, we conducted a systematic literature review of 359 articles spanning a range of disciplines that focus on industry platforms. This research contributes to the platform literature by conceptualizing industry platform management as the dynamic interplay of interrelated, iterative, and simultaneous processes—creation, integration, orchestration, navigation, and evolution—that collectively shape the emergence, configuration, and advancement of industry platforms. This conceptualization is embodied in an integrative framework that captures the five processes, their underlying approaches, and their inter- and intra-process dynamics. Building on the framework, this research proposes a future research agenda that addresses the key gaps in the platform literature through research directions at the process, intra-process, and inter-process levels.
  • Bridging Different Institutional Logics: The Role of Institutional Work in Translating Sustainable Product-Service Systems Across Contexts
    Bağcı, Rıfgı Buğra; Raja, Jawwad Z.; Gölgeci, Ismail (Springer, 2026)
    Artikkeli
    Product-service systems (PSS) are increasingly adopted by firms seeking to pursue environmental and social responsibilities alongside commercial goals, often with near-term trade-offs. Yet, their implementation across diverse national contexts is often fraught with tensions between competing institutional logics, constraining the scalability and robustness of PSS strategies. While institutional theory highlights how logics guide organizational behavior, less is understood about how firms transfer global sustainability logics across organizational and national boundaries and translate them into locally viable practices in differing institutional environments. This study addresses this gap through a comparative qualitative case study of a global heating system provider, drawing on 43 in-depth interviews and complementary field data from its headquarters in Japan and its subsidiary and customers in Türkiye. We identify three institutional logics—sustainability, state, and commercial—that jointly influence PSS adoption but interact differently across contexts. Our findings reveal three mechanisms of institutional work that underpin the transfer and translation of logics: strategic creation of sustainability practices, tight and loose coupling of logics under varying institutional conditions, and negotiation of disruption trade-offs between environmental and profitability priorities. We develop a conceptual model that specifies the mechanisms through which sustainability logics are transferred across organizational and national boundaries and translated into locally enacted practices, leading to either tight, incremental, or symbolic integration of PSS strategies. Theoretically, this research advances institutional theory by demonstrating that institutional logics are not fixed determinants of behavior but resources that actors actively interpret, recombine, and sometimes only nominally adopt when transferring them across contexts. Practically, it provides guidance for managers and policymakers on designing harmonization strategies, aligning incentives, and overcoming infrastructural barriers to enable substantive sustainability transitions.