HEC Montréal

About: HEC Montréal is a education organization based out in Montreal, Quebec, Canada. It is known for research contribution in the topics: Vehicle routing problem & Corporate governance. The organization has 1221 authors who have published 5708 publications receiving 196862 citations. The organization is also known as: Ecole des Hautes Etudes Commerciales de Montreal & HEC Montreal.

Sticky Prices and Monetary Policy: Evidence from Disaggregated US Data

Abstract: This paper disentangles fluctuations in disaggregated prices due to macroeconomic and sectoral conditions using a factor-augmented vector autoregression estimated on a large data set. On the basis of this estimation, we establish eight facts: (1) Macroeconomic shocks explain only about 15% of sectoral inflation fluctuations; (2) The persistence of sectoral inflation is driven by macroeconomic factors; (3) While disaggregated prices respond quickly to sector-specific shocks, their responses to aggregate shocks are small on impact and larger thereafter; (4) Most prices respond with a significant delay to identified monetary policy shocks, and show little evidence of a "price puzzle," contrary to existing studies based on traditional VARs; (5) Categories in which consumer prices fall the most following a monetary policy shock tend to be those in which quantities consumed fall the least; (6) The observed dispersion in the reaction of producer prices is relatively well explained by the degree of market power; (7) Prices in sectors with volatile idiosyncratic shocks react rapidly to aggregate monetary policy shocks; (8) The sector-specific components of prices and quantities move in opposite directions

Resource-based view and competitive strategy: An integrated model of the contribution of information technology to firm performance

Abstract: The contribution of IT to business performance has been studied from two main perspectives: a ‘strategy as positioning perspective,’ which underlines a market power imperative, and a resource-based view perspective, which conceptualizes the enterprise as a ‘bundle of unique resources.’ The objective of the present study is to improve our understanding of the contribution of IT to firm performance in building upon the complementarity between the two perspectives. To do so, a model proposed by [Spanos, Y.E., Lioukas, S. 2001. An examination into the causal logic of rent generation: contrasting Porter's competitive strategy framework and the resource-based perspective. Strategic Management Journal 22(10), 907–934], which comprises both a competitive strategy framework and the resource-based perspective was adapted to reflect the role played by IT. More precisely, the model encapsulates the effects of both IT support for business strategy and IT support for firm assets on firm performance. To test the model, a survey of 96 small- and medium-sized enterprises (SME) was conducted.

Leadership in the Plural

Abstract: This paper reviews the literature on forms of leadership that in one way or other imply plurality: that is, the combined influence of multiple leaders in specific organizational situations. We identify four streams of scholarship on plural leadership, each focusing on somewhat different phenomena and adopting different epistemological and methodological assumptions. Specifically, these streams focus on sharing leadership in teams, on pooling leadership at the top of organizations, on spreading leadership across boundaries over time, and on producing leadership through interaction. The streams of research vary according to their representations of plural leadership as structured or emergent and as mutual or coalitional. We note tensions between perspectives that advocate pluralizing leadership in settings of concentrated authority and those concerned with channeling the forms of plurality naturally found in diffuse power settings such as professional organizations or inter-organizational partnerships. It i...

Perceived organizational support and organizational commitment: The moderating effect of locus of control and work autonomy

Abstract: Purpose – The aim of this article is to deepen the understanding of the relationships between perceived organizational support (POS) and the dimensions of organizational commitment (i.e. affective, normative and continuance commitment), and to test the moderating effect of locus of control and work autonomy.Design/methodology/approach – This study, based on a cross‐sectional research design, was conducted in an organizational setting. The sample includes 249 prison employees. The data were collected through questionnaires.Findings – The results show that POS is positively and significantly correlated with affective and normative commitment. In addition, the results of the hierarchical multiple regression analyses support the moderating effect of locus of control and work autonomy with regard to the relationship between POS and affective commitment.Practical implications – This study highlights the importance of providing support to employees in order to foster their affective and normative commitment to t...

Green supply chain practices and the selection of environmental technologies

Abstract: The pressure on manufacturing organizations to adopt benign processes and to develop greener products has increased significantly over the last decade. As such, several manufacturing organizations have turned to their suppliers and customers to find innovative solutions to environmental issues. Using the data from a survey of the Canadian and United States package printing industry, the linkage between green supply chain practices and the selection of environmental technologies is examined. This paper differs from other studies that have linked supply chain management to environmental technologies as it focuses specifically on green interactions between organizations in the supply chain. In particular, the paper explores the possible relation between environmental collaboration and environmental monitoring in the supply chain and the form of environmental investment characterized by three categories: pollution prevention, pollution control, and management systems. The results suggest that environmental co...