nach oben

Journal of Business Ethics

Erschienen in:

11.02.2016

Investor Reactions to Concurrent Positive and Negative Stakeholder News

verfasst von: Christopher Groening, Vamsi K. Kanuri

Erschienen in: Journal of Business Ethics | Ausgabe 4/2018

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config

KI-gestützte Suche

Aus

Abstract

This paper examines the impact on firm value created by investor reaction to same day news of corporate social responsibility (CSR) and corporate social irresponsibility (CSiR) activities. First, using trading volume, the authors establish that the perceived value of moral capital generated by news involving institutional (e.g., environmental and community) stakeholders is less clear to investors than that of the news involving technical (e.g., customers and employees) stakeholders. Subsequently, the authors analyze abnormal returns from 565 unique firm events—each comprising at least one positive and one negative stakeholder news item. Using signaling theory, the authors demonstrate that news of the number of CSR activities involving institutional groups counteracts the effects of same day CSiR news in an inverted U-shaped fashion. In contrast, they find that news of the number of CSR activities involving technical groups mitigates the effects of same day CSiR news in a U-shaped fashion.

Vorheriger Artikel The Impact of Religion on the Going Concern Reporting Decisions of Local Audit Offices

Nächster Artikel Understanding Auditors’ Sense of Responsibility for Detecting Fraud Within Organizations

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Nur mit Berechtigung zugänglich

We use the terms news and announcements to refer to items sourced through (1) direct contact with the company, (2) a global network of CSR research firms, (3) news media sources, (4) annual reports and proxy statements, and (5) government and non-governmental organizations.

As a specific example, the security company Brinks, in 2008, had news regarding OSHA penalties (CSiR) become public on the same day that news of charitable donations (CSR) was made public.

It should be noted that we are not interested in the number of news articles regarding CSR, rather the number of concurrent CSR activities.

However, our dataset does not supply the order of the announcements, the source, nor the reasons for the announcements. Thus, we are unable to determine whether the CSR announcements preceded CSiR announcements or vice versa on a given day. In addition, we are unable to ascribe intent to firm management. For instance, we do not know if a firm deliberately has been withholding CSR to counteract CSiR announcements or even if the firm was responsible for the announcements on any particular day.

Additional notes on the KLD dataset: We were unable to determine the extent to which news of CSR and CSiR came solely from the firm, solely from other sources, or were made available from both firm and non-firm sources. There is a possibility that news originating from the firm might trigger a stronger investor reaction than news from other media sources. However, stock prices reflect reactions to all of the available public information, and moreover, we are interested only in the stock market reaction to news of simultaneous CSR and CSiR. Therefore, in keeping with the extant CSR literature, we believe that source of announcement does not affect our analysis.

Another possible concern with KLD assigning a CSR activity to only one stakeholder group is that simultaneously another stakeholder group may be negatively affected. In other words, there is a possibility that an activity can affect more than one group. However, careful examination of the KLD definitions for each type of concern and strength by two business professors and a doctoral student revealed that there were no instances when a positive reaction from one stakeholder group directly could produce a negative reaction from another stakeholder group.

We thank a reviewer for prompting us to test these additional models.

Aboody, D., & Kasznik, R. (2000). CEO stock option awards and the timing of corporate voluntary disclosures. Journal of Accounting and Economics, 29(1), 73–100.

Agrawal, J., & Kamakura, W. A. (1995). The economic worth of celebrity endorsers: An event study analysis. Journal of Marketing, 59(3), 56–62.

American Marketing Association. (2013). Definition of marketing. [available at http://www.marketingpower.com/AboutAMA/Pages/DefinitionofMarketing.aspx].

Arya, B., & Zhang, G. (2009). Institutional reforms and investor reactions to CSR announcements: Evidence from an emerging economy. Journal of Management Studies, 46(7), 1089–1112.

Baker, M., & Wurgler, J. (2007). Investor sentiment in the stock market. Journal of Economic Perspectives, 21(2), 129–151.

Barnett, M. L., & Salomon, R. M. (2012). Does it pay to be really good? Addressing the shape of the relationship between social and financial performance. Strategic Management Journal, 33(11), 1304–1320.

Beaver, W. H. (1968). The information content of annual earnings announcements. Journal of Accounting Research, 6(1), 67–92.

Boehm, A. (2002). Corporate social responsibility: A complementary perspective of community and corporate leaders. Business and Society Review, 107(2), 171–194.

Bowen, R. M., Johnson, M. F., Shevlin, T., & Shores, D. (1992). Determinants of the timing of quarterly earnings announcements. Journal of Accounting, Auditing & Finance, 7(4), 395.

Branco, M. C., & Rodrigues, L. L. (2006). Corporate social responsibility and resource-based perspectives. Journal of Business Ethics, 69(2), 111–132.

Brown, T. J., & Dacin, P. A. (1997). The company and the product: Corporate associations and consumer product responses. Journal of Marketing, 61(1), 68–84.

Buysse, K., & Verbeke, A. (2003). Proactive environmental strategies: A stakeholder management perspective. Strategic Management Journal, 24(5), 453–470.

Cohen, B. D., & Dean, T. J. (2005). Information asymmetry and investor valuation of IPOs: Top management team legitimacy as a capital market signal. Strategic Management Journal, 26(7), 683–690.

Connelly, B. L., Trevis Certo, S., Duane Ireland, R., & Reutzel, C. R. (2011). Signaling theory: A review and assessment. Journal of Management, 37(1), 39–67.

Davidson, W. N, I. I. I., & Worrell, D. L. (1988). The impact of announcements of corporate illegalities on shareholder returns. Academy of Management Journal, 31(1), 195–200.

Davidson, W. N, I. I. I., Worrell, D., & Cheng, L. T. W. (1994a). The effectiveness of OSHA penalties: A stock-market-based test. Industrial Relations, 33(3), 283–296.

Davidson, W. N, I. I. I., Worrell, D. L., & Lee, C. I. (1994b). Stock market reactions to announced corporate illegalities. Journal of Business Ethics, 13(12), 979–987.

Dedman, E., & Lin, S. W. J. (2002). Shareholder wealth effects of CEO departures: Evidence from the UK. Journal of Corporate Finance, 8(1), 81–104.

Doh, J. P., Howton, S. D., Howton, S. W., & Siegel, D. S. (2010). Does the market respond to an endorsement of social responsibility? the role of institutions, information, and legitimacy. Journal of Management, 36(6), 1461–1485.

Du, S., Swaen, V., Lindgreen, A., & Sen, S. (2013). The roles of leadership styles in corporate social responsibility. Journal of Business Ethics, 114(1), 155–169.

Duncan, T., & Moriarty, S. E. (1998). A communication-based marketing model for managing relationships. Journal of Marketing, 62(2), 1–13.

Durand, R., & Vergne, J.-P. (2014). Asset divestment as a response to media attacks in stigmatized industries. Strategic Management Journal, 36(8), 1205–1223.

Eisingerich, A. B., Rubera, G., Seifert, M., & Bhardwaj, G. (2011). Doing good and doing better despite negative information? The role of corporate social responsibility in consumer resistance to negative information. Journal of Service Research, 14(1), 60–75.

Erdem, T., & Swait, J. (1998). Brand equity as a signaling phenomenon. Journal of Consumer Psychology, 7(2), 131–157.

Fombrun, C. J., Gardberg, N. A., & Barnett, M. L. (2000). Opportunity platforms and safety nets: Corporate citizenship and reputational risk. Business and Society Review, 105(1), 85–106.

Fombrun, C. J., & Shanley, M. (1990). What’s in a name? reputation building and corporate strategy. Academy of Management Journal, 33(2), 233–258.

Forehand, M. R., & Grier, S. (2003). When is honesty the best policy? The effect of stated company intent on consumer skepticism. Journal of Consumer Psychology, 13(3), 349–356.

Freeman, E. R., Harrison, J. S., & Wicks, A. C. (2008). Managing for stakeholders: Survival, reputation, and success. New Haven, CT: Yale University Press.

Frooman, J. (1997). Socially irresponsible and illegal behavior and shareholder wealth: A meta-analysis of event studies. Business and Society, 36(3), 221–249.

Fry, L. W., Keim, G. D., & Meiners, R. E. (1982). Corporate contributions: Altruistic or for-profit? The Academy of Management Journal, 25(1), 94–106.

Godfrey, P. C. (2005). The relationship between corporate philanthropy and shareholder wealth: A risk management perspective. Academy of Management Review, 30(4), 777–798.

Godfrey, P. C., Merrill, C. B., & Hansen, J. M. (2009). The relationship between corporate social responsibility and shareholder value: An empirical test of the risk management hypothesis. Strategic Management Journal, 30(4), 425–445.

Graffin, S. D., Carpenter, M. A., & Boivie, S. (2011). What’s all that (strategic) noise? Anticipatory impression management in CEO succession. Strategic Management Journal, 32(7), 748–770.

Groening, C., & Kanuri, V. K. (2013). Investor reaction to positive and negative corporate societal events. Journal of Business Research, 66(10), 1852–1860.

Han, J. (2013). A literature synthesis of experimental studies on management earnings guidance. Journal of Accounting Literature, 31(1), 49–70.

Heckman, J. J. (1979). Sample selection bias as a specification error. Econometrica, 47(1), 153–161.

Heil, O., & Robertson, T. S. (1991). Toward a theory of competitive market signaling: A research agenda. Strategic Management Journal, 12, 403–418.

Henriques, I., & Sadorsky, P. (1999). The relationship between environmental commitment and managerial perceptions of stakeholder importance. Academy of Management Journal, 42(1), 87–99.

Highhouse, S., Brooks, M. E., & Gregarus, G. (2009). An organizational impression management perspective on the formation of corporate reputations. Journal of Management, 35(6), 1481–1493.

Hillman, A. J., & Keim, G. D. (2001). Shareholder value, stakeholder management, and social issues: What’s the bottom line? Strategic Management Journal, 22(2), 125–139.

Janney, J. J., & Gove, S. (2011). Reputation and corporate social responsibility aberrations, trends, and hypocrisy: Reactions to firm choices in the stock option backdating scandal. Journal of Management Studies, 48(7), 1562–1585.

Jarrell, G. A., & Poulsen, A. B. (1989). Stock trading before the announcement of tender offers: Insider trading or market anticipation? Journal of Law Economics and Organization, 5(2), 225–248.

Jayachandran, S., Kalaignanam, K., & Meike Eilert, A. (2013). Product and environmental social performance: Varying effect on firm performance. Strategic Management Journal, 34(10), 1255–1264.

Jensen, M. C. (2001). Value maximization, stakeholder theory, and the corporate objective function. European Financial Management, 7(3), 297–317.

Kärnä, J., Hansen, E., & Juslin, Heikki. (2003). Social responsibility in environmental marketing planning. European Journal of Marketing, 37(5/6), 848–871.

Kirmani, A., & Rao, A. R. (2000). No pain, no gain: A critical review of the literature on signaling unobservable product quality. Journal of Marketing, 64(2), 66–79.

KLD. (2011). Environmental, social & governance. Accessed June 20, 2011, from http://www.msci.com/products/esg/.

Kotler, P., & Lee, N. (2004). Corporate social responsibility: Doing the most good for your company and your cause. Hoboken, NJ: Wiley.

Kotler, P., & Levy, S. J. (1969). Broadening the concept of marketing. Journal of Marketing, 33(1), 10–15.

Lackmann, J., Ernstberger, J., & Stich, M. (2012). Market reactions to increased reliability of sustainability information. Journal of Business Ethics, 107(2), 111–128.

Lane, V., & Jacobson, R. (1995). Stock market reactions to brand extension announcements: The effects of brand attitude and familiarity. Journal of Marketing, 59(1), 63–77.

Lange, D., & Washburn, N. T. (2012). Understanding attributions of corporate social irresponsibility. Academy of Management Review, 37(2), 300–326.

Lantos, G. P. (2001). The boundaries of strategic corporate social responsibility. The Journal of Consumer Marketing, 18(7), 595–630.

Laufer, W. S. (2003). Social accountability and corporate greenwashing. Journal of Business Ethics, 43(3), 253–261.

Lev, B., Petrovits, C., & Radhakrishnan, S. (2010). Is doing good good for you? How corporate charitable contributions enhance revenue growth. Strategic Management Journal, 31(2), 182–200.

Lindstrom, M. J., & Bates, D. M. (1988). Newton–Raphson and EM Algorithms for linear mixed-effects models for repeated-measures data. Journal of the American Statistical Association, 83(404), 1014–1022.

Luo, X., & Bhattacharya, C. B. (2009). The debate over doing good: Corporate social performance, strategic marketing levers, and firm-idiosyncratic risk. Journal of Marketing, 73(6), 193–213.

Luo, X., Wang, H., Raithel, S., & Zheng, Q. (2015). Corporate social performance, analyst stock recommendations, and firm future returns. Strategic Management Journal, 36(1), 123–136.

Mackey, A., Mackey, T. B., & Barney, J. B. (2007). Corporate social responsibility and firm performance: Investor preferences and corporate strategies. Academy of Management Review, 32(3), 817–835.

Madsen, P. M., & Rodgers, Z. J. (2015). Looking Good by Doing Good: The antecedents and consequences of stakeholder attention to corporate disaster relief. Strategic Management Journal, 36(5), 776–794.

Maignan, I., Ferell, O. C., & Ferell, L. (2005). A stakeholder model for implementing social responsibility in marketing. European Journal of Marketing, 39(9/10), 956–977.

Maignan, I., & Ferrell, O. C. (2004). Corporate social responsibility and marketing: An integrative framework. Journal of the Academy of Marketing Science, 32(1), 3–19.

Malter, D. (2014). On the causality and cause of returns to organizational status evidence from the grands crus classés of the médoc. Administrative Science Quarterly, 59(2), 271.

Margolis, J. D., & Walsh, J. P. (2003). Misery loves companies: Rethinking social initiatives by business. Administrative Science Quarterly, 48(2), 268–305.

Matten, D., & Moon, J. (2008). “Implicit” and “Explicit” CSR: A conceptual framework for a comparative understanding of corporate social responsibility. Academy of Management Review, 33(2), 404–424.

Mattingly, J. E., & Berman, S. L. (2006). Measurement of corporate social action: Discovering taxonomy in the kinder lydenburg domini ratings data. Business and Society, 45(1), 20–46.

McAlister, L., Srinivasan, R., & Kim, M. (2007). Advertising, research and development, and systematic risk of the firm. Journal of Marketing, 71(1), 35–48.

McWilliams, A., & Siegel, D. (1997). Event studies in management research: Theoretical and empirical issues. Academy of Management Journal, 40(3), 626–657.

McWilliams, A., & Siegel, D. (2000). Corporate social responsibility and financial performance: Correlation or misspecification? Strategic Management Journal, 21(5), 603–609.

McWilliams, A., & Siegel, D. (2001). Corporate social responsibility: A theory of the firm perspective. Academy of Management Review, 26(1), 117–127.

Mendel, B., & Shleifer, A. (2012). Chasing noise. Journal of Financial Economics, 104(2), 303–320.

Menon, A., & Menon, A. (1997). Enviropreneurial marketing strategy: The emergence of corporate environmentalism as market strategy. Journal of Marketing, 61(1), 51–67.

Milgrom, P., & Roberts, J. (1986). Price and advertising signals of product quality. Journal of Political Economy, 94(4), 796–821.

Mitchell, R. K., Agle, B. R., & Wood, D. J. (1997). Towards a theory of stakeholder identification and salience: Defining the principle of who and what really counts. Academy of Management Review, 22(4), 853–886.

Mizik, n, & Jacobson, r. (2003). Trading off between value creation and value appropriation: The financial implications of shifts in strategic emphasis. Journal of Marketing, 67(1), 63–76.

MSCI. (2014). About MSCI ESG research. Accessed January 3, 2014, from http://www.msci.com/products/esg/about_msci_esg_research.html].

Murray, K. B., & Montanari, J. R. (1986). Strategic management of the socially responsible firm: Integrating management and marketing theory. The Academy of Management Review, 11(4), 815–827.

Murray, K. B., & Vogel, C. M. (1997). Using a hierarchy-of-effects approach to gauge the effectiveness of corporate social responsibility to generate goodwill toward the firm: Financial versus nonfinancial impacts. Journal of Business Research, 38(2), 141–159.

Neu, D., Warsame, H., & Pedwell, K. (1998). Managing public impressions: Environmental disclosures in annual reports. Accounting, Organizations and Society, 23(3), 265–282.

Orlitzky, M. (2013). Corporate social responsibility, noise, and stock market volatility. Academy of Management Perspectives, 27(3), 238–254.

Orlitzky, M., Schmidt, F. L., & Rynes, S. L. (2003). Corporate social and financial performance: A meta-analysis. Organizational Studies, 24(3), 403–441.

Peloza, J. (2006). Using corporate social responsibility as insurance for financial performance. California Management Review, 48(2), 52–72.

Podolny, J. M. (1993). A status-based model of market competition. American Journal of Sociology, 98(4), 829–872.

Porter, M. E., & Kramer, M. R. (2002). The competitive advantage of corporate philanthropy. Harvard Business Review, 80(12), 56–69.

Porter, M. E., & Kramer, M. R. (2006). The link between competitive advantage and corporate social responsibility. Harvard Business Review, 84(12), 78–91.

Post, J. E., Preston, L. E., & Sachs, S. (2002). Managing the extended enterprise: The New stakeholder view. California Management Review, 45(1), 6–28.

Pride, W. M., & Ferell, O. C. (2012). Marketing: Concepts and strategies (16th ed.). Boston: Houghton Mifflin.

Reuer, J. J., Tong, T. W., Tyler, B. B., & Ariño, A. (2013). Executive preferences for governance modes and exchange partners: An information economics perspective. Strategic Management Journal, 34(9), 1104–1122.

Richard, O. C. (2000). Racial diversity, business strategy, and firm performance: A resource-based view. Academy of Management Journal, 43(2), 164–177.

Richard, O. C., Murthi, B. P. S., & Ismail, K. (2007). The impact of racial diversity on intermediate and long-term performance: The moderating role of environmental context. Strategic Management Journal, 28(12), 1213–1233.

Rugman, A. M., & Verbeke, A. (1998). Corporate strategies and environmental regulations: An organizing framework. Strategic Management Journal, 19(4), 363–375.

Saiia, D. H., Carroll, A. B., & Buchholtz, A. K. (2003). Philanthropy as strategy when corporate charity “Begins at Home”. Business and Society, 42(2), 169–201.

Schnietz, K. E., & Epstein, M. J. (2005). Exploring the financial value of a reputation for corporate social responsibility during a crisis. Corporate Reputation Review, 7(4), 327–345.

Sen, S., & Bhattacharya, C. B. (2001). Does doing good always lead to doing better? Consumer reactions to corporate social responsibility. Journal of Marketing Research, 38(2), 225–243.

Sharfman, M. (1996). The construct validity of the kinder, lydenburg & domini social performance ratings data. Journal of Business Ethics, 15(3), 287–296.

Smith, N. C. (2003). corporate social responsibility: Whether or how? California Management Review, 45(4), 52–76.

Smith, N. C. (2009). Bounded goodness: Marketing implications of drucker on corporate responsibility. Journal of the Academy of Marketing Science, 37(1), 73–84.

Smith, N. C., Palazzo, G., & Bhattacharya, C. B. (2010). Marketing’s consequences: Stakeholder marketing and supply chain corporate social responsibility issues. Business Ethics Quarterly, 20(4), 617–641.

Spence, M. (1973). Job market signaling. Quarterly Journal of Economics, 87(3), 355–374.

Srinivasan, R., & Bharadwaj, S. G. (2004). Event studies in marketing strategy research. In C. Moorman & D. R. Lehmann (Eds.), Assessing.marketing.strategy.performance. Cambridge, MA: Marketing Science Institute.

Srinivasan, R., Lilien, G. L., & Sridhar, S. (2011). Should firms spend more on research and development and advertising during recessions? Journal of Marketing, 75(3), 49–65.

Srinivasan, S., Pauwels, K., Silva-Risso, J., & Hanssens, D. M. (2009). Product innovations, advertising, and stock returns. Journal of Marketing, 73(1), 24–43.

Stiglitz, J. E. (2000). The contributions of the economics of information to twentieth century economics. The Quarterly Journal of Economics, 115(4), 1441–1478.

Su, W., Peng, M. W., Tan, W., & Cheung, Y.-L. (2014). The signaling effect of corporate social responsibility in emerging economies. Journal of Business Ethics. doi:10.1007/s10551-014-2404-4.

Tetlock, P. C. (2007). Giving content to investor sentiment: The role of media in the stock market. The Journal of Finance, 62(3), 1139–1168.

Turban, D. B., & Greening, D. W. (1997). Corporate social performance and organizational attractiveness to prospective employees. Academy of Management Journal, 40(3), 658–672.

Van Herpen, H. W. I., Pennings, J. M. E., & Meulenberg, M. T. G. (2003). Consumers’ Evaluation of Socially Responsible Activities in Retailing. Maastricht: Maastricht University.

Vanhamme, J., & Grobben, B. (2009). “Too good to be true!”. The effectiveness of CSR history in countering negative publicity. Journal of Business Ethics, 85(Supplement 2), 273–283.

Villalonga, B. (2004). Intangible resources, Tobin’s q, and sustainability of performance differences. Journal of Economic Behavior & Organization, 54, 205–230.

Waddock, S. (2008). Building a new institutional infrastructure for corporate responsibility. Academy of Management Perspectives, 22(3), 87–108.

Wagner, T., Lutz, R. J., & Weitz, B. A. (2009). Corporate hypocrisy: Overcoming the threat of inconsistent corporate social responsibility perceptions. Journal of Marketing, 73(6), 77–91.

Wang, H., Choi, J., & Li, J. (2008). Too little or too much? Untangling the relationship between corporate philanthropy and firm financial performance. Organization Science, 19(1), 143–159.

Weigand, R. A. (2007). organizational diversity, profits and returns in U.S. firms. Problems and Perspectives in Management, 5(3), 69–83.

Weigelt, K., & Camerer, C. (1998). Reputation and corporate strategy: A review of recent theory and application. Strategic Management Journal, 9(5), 443–454.

Windsor, D. (2006). Corporate social responsibility: Three key approaches. Journal of Management Studies, 43(1), 93–114.

Woolridge, J. R., & Snow, C. C. (1990). Stock market reaction to strategic investment decisions. Strategic Management Journal, 11(5), 353–363.

Worrell, D. L., Davidson, W. N., & Sharma, V. M. (1991). Layoff announcements and stockholder wealth. Academy of Management Journal, 34(3), 662–678.

Wright, P., & Ferris, S. P. (1997). Agency conflict and corporate strategy: The effect of divestment on corporate value. Strategic Management Journal, 18(1), 77–83.

Xiong, G., & Bharadwaj, S. (2013). Asymmetric roles of advertising and marketing capability in financial returns to news: turning bad to good and good to great. Journal of Marketing Research, 50(6), 706–724.

Yermack, D. (1997). Good timing: CEO stock option awards and company news announcements. The Journal of Finance, 52(2), 449–476.

Titel: Investor Reactions to Concurrent Positive and Negative Stakeholder News
verfasst von: Christopher Groening
Vamsi K. Kanuri
Publikationsdatum: 11.02.2016
Verlag: Springer Netherlands
Erschienen in: Journal of Business Ethics / Ausgabe 4/2018
Print ISSN: 0167-4544
Elektronische ISSN: 1573-0697
DOI: https://doi.org/10.1007/s10551-016-3065-2

Springer Professional

Abstract

Bitte loggen Sie sich ein, um Zugang zu Ihrer Lizenz zu erhalten.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Springer Professional "Wirtschaft"

Weitere Artikel der Ausgabe 4/2018

Crossover of Work–Life Balance Perceptions: Does Authentic Leadership Matter?

Does it Take More Than Ideals? How Counter-Ideal Value Congruence Shapes Employees’ Trust in the Organization

Prosocial Citizens Without a Moral Compass? Examining the Relationship Between Machiavellianism and Unethical Pro-Organizational Behavior

Are there Language Markers of Hubris in CEO Letters to Shareholders?

Identity Bias in Negative Word of Mouth Following Irresponsible Corporate Behavior: A Research Model and Moderating Effects

Smoking as a Job Killer: Reactions to Smokers in Personnel Selection

Premium Partner