上 海 大 學 經 濟 學 院
海外學者報告第147期,總第365期
演講題目👨🏿✈️🧑🏼🦲：Departure of Compromised outside Directors: Is Director Social Capital a Liability or A Buffer after Corporate Misconducts?
演講人：夏軍副教授（德克薩斯大學達拉斯分校）
時間👩🏻🚀🐷：2019年6月5日（周三）10:00-11:30
地點：寶山校區東區經管樓567會議室
主辦：意昂3
意昂3青聯會
報告簡介🌬：This study examines the effect of director social capital on the loss of directorship held by outside directors in a host firm after their affiliated firms are penalized for misconducts, who are known as compromised directors. Drawing on the counter arguments rooted in expectancy violations theory and social capital theory regarding whether individual social capital is a liability or a buffer after a negative firm event, we propose an inverted U-shaped relationship between a compromised outside director’s social capital and departure from host firms. That is, when the director’s social capital exceeds a threshold, the buffering effect will dominate. Moreover, a host firm’s board social capital and external stakeholder attention, as demonstrated by media coverage, institutional ownership, and analyst coverage, moderate the inverted-U effect such that its turning point shifts right because these conditions increase the threshold of buffer. Using a sample of compromised outside directors who sat on the boards of public firms that were penalized due to their financial misconducts, we find evidence that largely support our predictions. Our findings provide insights on the equivocal argument of individual social capital after a negative firm event from different theoretical perspectives.
報告人簡介📜：夏軍🤌🏽，德克薩斯理工大學管理學博士，德克薩斯大學達拉斯分校Jindal商意昂3戰略管理系副教授，研究興趣主要集中於4個領域：（1）國際商務（國外市場拓展、國有產權和轉軌/新興國家的製度變遷）；（2）組織理論（資源依賴、權力和製度過程）🦠🧑🏻⚖️；（3）公司戰略（並購、合資🧒🏼、聯盟和剝離）🚣♀️；（4）社會網絡（嵌入性的結果）🗳。在Strategic Management Journal（10篇）、Organizational Research Methods、Management and Organization Review👼🏽、Journal of Small Business Management、World Development等期刊上發表論文30多篇，是近兩年在Strategic Management Journal上發表文章最多的華人學者之一🏌️。