IE University

About: IE University is a education organization based out in Segovia, Castilla y León, Spain. It is known for research contribution in the topics: Corporate governance & Context (language use). The organization has 527 authors who have published 1709 publications receiving 64682 citations.

Family situation and the exit event: an extension of threshold theory

Abstract: Previous research into entrepreneurial exit has examined exit from a firm perspective focusing upon firm performance as the primary determinant of exit; however, new research is emerging which suggests that other variables (e.g. entrepreneurial human capital) may impact the exit decision over and above that accounted for by firm performance. Our research adopts a family embeddedness perspective to examine the impact that gender and family situation (marital status, number of children, running a family business) have on voluntary exit decisions over and above that attributed to firm performance. Our research contributes not only to the growing research in entrepreneurial exit, but also extends threshold theory.

Are Shareholders Environmental Laggards? Corporate Governance and Environmental Firm Performance

Abstract: From a reactive, antagonistic stance towards environmental regulations, many firms have evolved to act in a pro-active fashion to integrate environmental issues into their core strategies. Driving force behind this development is a growing insight that environmental efforts can potentially be a source of value. Yet, while shareholders appear to be laggards with respect to recognizing this potential, managers appear to have a more accurate and acute perception of these possibilities of environmental strategies. Using measures of different corporate governance instruments that proxy for the ability of managers or shareholders to implement their strategic preferences we demonstrate empirically that shareholders are indeed laggards because they lower firm environmental performance while the latter actually has positive effects on firm financial performance. Managers, however, push for better environmental and hence financial performance and thus act against shareholders preferences, but in their interest.