Showing papers on "Resource dependence theory published in 2019"
TL;DR: Li et al. as discussed by the authors investigated the extent to which corporate board gender diversity, including the proportion, age and level of education of female directors, affect environmental performance of Chinese publicly listed corporations.
Abstract: This paper seeks to contribute to the existing business strategy and the environment literature by examining the effect of governance structures on environmental performance within a unique context of improving environmental governance, policies, regulations and management. Specifically, we investigate the extent to which corporate board gender diversity, including the proportion, age and level of education of female directors, affect environmental performance of Chinese publicly listed corporations. Using one of the largest Chinese data sets to date, consisting of a sample of 383 listed A-shares from 2011 to 2015 (i.e., observations of 1,674), our findings are three-fold. First, we find that the proportion and age of female directors have a positive effect on the overall corporate environmental performance. Second, our findings indicate that the proportion and age of female directors also have a positive effect on the three individual environmental performance components, namely environmental (a) strategy, (b) implementation and (c) disclosure, respectively. Finally, and by contrast, we do not find any evidence that suggests that the level of education of female directors has any impact on environmental performance, neither the overall environmental performance measure nor its individual components. Our findings have important implication for regulators and policy-makers. Our evidence is robust to controlling for alternative measures, other governance and firm-level control variables, and possible endogeneities. We interpret our findings within a multi-theoretical framework that draws insights from agency, legitimacy, neo-institutional, resource dependence, stakeholder, and tokenism theoretical perspectives.
251 citations
TL;DR: In this paper, the authors investigated the effect of rationalization and upgrading of manufacturing structure on carbon dioxide emissions in China, based on the perspective of natural resource dependence, and showed that the development strategies of manufacturing structural rationalization, which aim to reduce emissions depend on the level of a region's resource dependence and industrialization.
154 citations
TL;DR: In this article, the relative effects of natural resource abundance and natural resource dependence on economic growth for the period of 1980-2015 in 35 natural resource abundant countries were explored for the purpose of examining the relationship between economic growth, natural resource rents per capita, natural resources share of gross domestic product, capital, trade openness and financial development.
135 citations
TL;DR: In this article, the authors investigated whether gender diversity on the board of directors in the United States is associated with firms' environmental performance and found that gender diversity brings a greater variety of skills to the board.
Abstract: This study investigates whether gender diversity on the board of directors in the United States is associated with firms' environmental performance. Under the theoretical framework of resource dependence theory, we argue that gender diversity brings a greater variety of skills to the board. Diversity allows for a healthy mix of knowledge and experience to improve the decision‐making process of the board. Using propensity score matching and controlling for endogeneity, this study uses a more rigorous statistical model than previous work. It also uses content analysis of directors' biographies to provide evidence of the role that gender diversity plays. We find gender diversity is positively associated with firms' environmental performance scores primarily in the more environmentally impacting industries. Therefore, our research provides valuable direction for those firms working to improve both their boards' gender diversity and their environmental performance. Our findings also offer insight into the mixed results of previous studies.
135 citations
TL;DR: In this article, a three-stage qualitative methodology (interviews, focus group, Delphi-based inquiry) was used to examine the case of an emergent IoT-based business network in the UK road transport industry to examine how aspects of product use data influence the benefit opportunities the data provide to the different network actors.
Abstract: This study uses a business network perspective to investigate the industry 4.0 context with the internet of things (IoT) as its enabling technology and product-use data as its core network resource. A three-stage qualitative methodology (interviews, focus group, Delphi-based inquiry) was used to examine the case of an emergent IoT-based business network in the UK road transport industry to examine: (i) how aspects of product use data influence the benefit opportunities the data provide to the different network actors; (ii) how capturing of the benefit opportunities in a network context is impacted by key barriers; and (iii) how network capabilities can overcome these barriers to capture benefits from product-use data. The study, thereby, contributes to an understanding of the industry 4.0 context from a resource dependency theory perspective and provides concrete recommendations for management operating in this context.
99 citations
TL;DR: In this paper, the authors examined how business group affiliation influences the relationship between board diversity and firm performance as a contextual/confounding factor, and found that board demographic diversity is positively associated with the firm performance (Tobin's Q) of standalone firms, but this association is negative for group-affiliated firms.
88 citations
TL;DR: Zhang et al. as mentioned in this paper used the system generalized method of moments (SYS-GMM) to analyze the existence of a resource curse and attempt to analyze whether its crowding-out effects can be weakened by environmental regulations.
82 citations
TL;DR: Zhang et al. as discussed by the authors incorporated environmental regulation, resource development and economic growth into a unified framework, and introduced a four-sector endogenous growth model, including environmental protection sector and resource development sector.
72 citations
TL;DR: The aim is to facilitate the task of those researchers interested in engaging and contributing to this topic, presenting scope and motivation of its core assumptions and discussing the relation between the resource theory and complementary approaches.
Abstract: I give a self-contained introduction to the resource theory approach to quantum thermodynamics. I will introduce in an elementary manner the technical machinery necessary to unpack and prove the core statements of the theory. The topics covered include the so-called `many second laws of thermodynamics', thermo-majorisation and symmetry constraints on the evolution of quantum coherence. Among the elementary applications, I explicitly work out the bounds on deterministic work extraction and formation, discuss the complete solution of the theory for a single qubit and present the irreversibility of coherence transfers. The aim is to facilitate the task of those researchers interested in engaging and contributing to this topic, presenting scope and motivation of its core assumptions and discussing the relation between the resource theory and complementary approaches.
61 citations
TL;DR: In this paper, the impact of partnership orientation on partnership commitment and firm performance using a model based on social capital theory and resource dependence theory was explored using a survey of 423 respondents representing three different partnership structure types (supplier, buyer, and parallel-aligned firms' perspectives).
Abstract: With increasing numbers of nodes and links in supply network relationships, understanding partnership management and the required level of collaboration is important for sustainable supply network alignment. This study explores the impact of partnership orientation on partnership commitment and firm performance using a model based on social capital theory and resource dependence theory. It aims to understand the appropriate partnership orientation for the desired level of commitment and firm performance, including innovation, operational, and financial performance. Using a survey of 423 respondents representing three different partnership structure types (supplier, buyer, and parallel-aligned firms’ perspectives), the relationship between partnership orientation and commitment in enhancing firm performance is investigated using structural equation modeling. Additional analysis identifies the moderating role of commitment and investment exchange on performance. The findings show that positive relationships between both investment and contractual-based partnership orientation positively contribute to partnership commitment, but the direct association between partnership commitment and firm performance type varies by partnership structure. Furthermore, (i) investment exchange level moderates the relationship between commitment and innovation and operational performance regardless of partnership structure type, (ii) negative investment exchange signals higher firm performance from the buyer firm’s perspective, and (iii) positive investment exchange is absolutely necessary for financial performance from the supplier firm’s perspective.
61 citations
TL;DR: This article investigated the effect of conducting FDI on the profitability of emerging economy firms in early stage internationalization and found that FDI can be an effective strategy to alleviate liabilities of emergingness, thus generating positive performance outcomes.
04 Nov 2019
TL;DR: In this article, the authors propose a theory of nascent entrepreneurial ecosystem resource dependence, which analyzes entrepreneurial ecosystems as meta-organizations and builds on resource dependence theory to explain how nascent entrepreneurial ecosystems respond to environmental dependencies and their resource needs through internal and external strategies.
Abstract: Vibrant entrepreneurial ecosystems, systems of inter-related forces that promote and sustain regional entrepreneurship, are increasingly viewed as sources of innovation, economic development and community revitalization Regions with emerging, underdeveloped or depressed economies are attempting to develop their nascent entrepreneurial ecosystems in the hopes of experiencing the positive benefits of entrepreneurial activity For nascent entrepreneurial ecosystems to grow requires resources However, how nascent entrepreneurial ecosystems manage their resource dependencies and the tensions that exist between creating and attracting resources are not clear The purpose of this paper is to propose a theory of nascent entrepreneurial ecosystem resource dependence,This conceptual paper analyzes entrepreneurial ecosystems as meta-organizations and builds on resource dependence theory to explain how nascent ecosystems respond to environmental dependencies and their resource needs through internal and external strategies,Two specific strategies used by nascent entrepreneurial ecosystems to manage resource dependence – bridging and buffer – are explored It is proposed that there is a positive relationship between the resource dependence of a nascent entrepreneurial ecosystem and its use of bridging and buffering activities Two ecosystem characteristics that influence the pursuit of bridging and buffering – ecosystem size and the presence of collaborative values – are also identified In addition, it is theorized that resource dependence strategies influence a key, system-level characteristic of entrepreneurial ecosystems: resilience, the ecosystem’s ability to respond and adapt to internal and external disruptions,The theory presented generates insights into how nascent entrepreneurial ecosystems create and obtain resources when ecosystems are unmunificent, resource-constrained or underdeveloped The theorizing addresses which resource dependence strategy – buffering or bridging – has a stronger link to resource dependence (and resilience) and under what conditions these linkages occur The theoretical model generates insights for research on entrepreneurship in emerging and developed economies and produces practical implications for ecosystem participants, policymakers and economic development organizations
TL;DR: In this paper, the authors investigate the dynamic impact of board composition (board size, board independence and board diversity) on independent corporate social responsibility (CSR) practices (marketplace, environment, community and workplace).
Abstract: The purpose of this paper is twofold. First, it aims to investigate the dynamic impact of board composition (board size, board independence and board diversity) on independent corporate social responsibility (CSR) practices (marketplace, environment, community and workplace). Second, it tends to examine the mutual effect of board composition and CSR practices on organizational returns (return on assets and Tobin’s Q) of 631 Malaysian PLCs listed on Bursa Malaysia during 2006-2017.,The dynamic model (system GMM) provided by Arellano and Bond (1991) and Arellano and Bover (1995) is used for estimations that control for potential dynamic endogeneity, reverse causality, unobserved heterogeneity and simultaneity problems.,Findings reveal weak linkage between board composition and CSR practices where only board diversity is found to be positively linked to marketplace practices of CSR. Further, the mutual impact of board composition and CSR practices on organizational returns suggests board size be positive and board independence to be negative with Tobin’s Q. Board diversity is negative with ROA and positive with Tobin’s Q. Conversely, CSR practices indicate marketplace practices are positive and community practices are negative with Tobin’s Q, environment practices are insignificant with performance, whereas workplace practices are positive with ROA and negative with Tobin’s Q.,This research is practically considerable for Bursa Malaysia, Securities Commission Malaysia, policymakers, stakeholders, investors and managers. For academia, the theoretical linkages between agency theory, resource dependence theory, resource-based view and stakeholder theory are highlighted. Moreover, methodological underpinnings are also novel for academicians as well as for practitioners.,The paper uncovers multiple aspects: first, it elaborates the dynamic relationship between board composition and CSR practices; second, it examines the combined effect of board composition and CSR practices on company’s accounting and market gains; finally, the study controls for dynamic endogeneity that is the main econometric problem for CG-CSR-performance relationships.
TL;DR: Using 239 valid responses from supply chain managers in Jordan, the study found partial support for the role of Resource Dependency as a moderator, and suggests that predicting how innovation is diffused within a market needs a detailed understanding of the inter-dependence structure among the supply chain members.
Abstract: A review of existing Electronic Commerce adoption literature reveals that the prevailing theoretical frameworks implicitly assume that organizations are independent and have complete contro...
TL;DR: This article investigated the effect of resource dependence on district level income in a rare within-country study for Indonesia, one of the largest resource producing countries in Asia, and found robust evidence across all models that dependence as measured by mining's share of output is positively associated with district real per capita income.
11 Dec 2019
TL;DR: In this article, the authors put forward the proposition that distinguishability is a resource that can be quantified and interconverted by means of basic units, and showed that relative entropy and its variants find fundamental operational meaning as the ultimate rates at which distinguishability can be distilled or diluted from quantum states.
Abstract: This paper puts forward the proposition that distinguishability is a resource that can be quantified and interconverted by means of basic units. The authors also show that relative entropy and its variants find fundamental operational meaning as the ultimate rates at which distinguishability can be distilled or diluted from quantum states. resource-theoretic framework.
TL;DR: In this article, a cross-nation quantitative study established a framework to examine the most prominent external resources (i.e., financial and training supports), which were mediated by formal business planning, towards the financial and social performance of social enterprises in Malaysia and Singapore.
TL;DR: In this paper, the authors investigated the relationship between the presence of external experts on a board and CCD, as well as the moderating effect of political connections, on the positive role of legal experts in CCD.
Abstract: Professional expert directors extensively influence corporate corruption disclosure (CCD), while higher political connections may exacerbate corporate management. This study investigates the relationship between the presence of external experts on a board and CCD, as well as the moderating effect of political connections, on the positive role of legal experts in CCD. The study combines agency, resource dependence and stakeholder theories to show how resourceful directors on the board can promote corruption disclosure. Using data on listed firms in the Bangladeshi financial sector, the study analyzes 247 firm-year observations from 2012 to 2016. The results of a multiple regression analysis indicate that accounting experts, legal experts, political connections and corporate media visibility each have a positive and significant influence on CCD. Moreover, the moderating effect of political connections on the relationship between legal experts and CCD is negative and significant due to their higher political influences. The study has significant implications for corporate governance and for policies concerning the development of the economy while reducing corruption.
TL;DR: In this paper, the authors present the current state of research on board service tasks, departing from, and building on, the contribution of Johnson and colleagues, and craft an agenda for how future research could accommodate new governance practices and progress the field.
TL;DR: In this paper, the authors used the interpretative lens of the resource dependence theory, and refreshes consolidated studies rooted in relational capital (RC) to measure the influence of RC on firm performance, including the cost of goods sold, interest expenses and earnings per share.
Abstract: The purpose of this paper is to contribute to the ongoing debate regarding the relationship between relational capital (RC) and firm performance, by investigating the moderation effect of firm size and its key role in defining conditions for competitive advantage.,The paper uses the interpretative lens of the resource dependence theory, and refreshes consolidated studies rooted in RC. It identifies a set of variables to measure the influence of RC on firm performance, including the cost of goods sold, interest expenses and earnings per share. Content analysis was used to capture specific features of corporate disclosure tools using 51 items pertinent to RC. The authors used a specific disclosure index drawing on data collected from 73 listed firms in France, Germany, Italy and the UK. Data covering the period from 2011 to 2013 were analyzed using six regression models.,Firm size has a moderating effect on the relationship between RC and some variables linked to firm performance.,The study combines an internal and external perspective to investigate the interplay between firms and market environments, and therefore, enriches the ongoing debate concerning the relationship between RC and firm performance. It outlines possible ways through which RC can become an effective source of competitive advantage.
TL;DR: In this paper, the authors show that the Anglo-American perspective dominates in the literature on interlocking directorates, and they expand the theoretical basis of the review to include class hegemony and resource dependence to articulate better the causes and consequences of interlocks in the international context.
Abstract: Interlocking directorates, in which companies are linked by the directors that serve on their boards, exist globally. It is an expression of hegemonic power exercised by the elites of a society, and has been studied with great interest by organizational sociologists, management scholars and financial economists. The interest emanates from the effect that interlocks have on wealth creation and distribution, and from the perspective that interlocks can tell us how elites in a society are networked. Although diverse theoretical perspectives have informed the research on interlocking directorates, this review shows that the Anglo‐American perspective dominates. This dominance is notable not only in the volume of Anglo‐American studies, but also in theories employed by international studies. For example, most international studies use agency theory to investigate the welfare implications of interlocks, but many countries do not use the Anglo‐American legal regime, which is the basis for agency theory. This paper expands the theoretical basis of the review to include class hegemony and resource dependence, to articulate better the causes and consequences of interlocks in the international context. The paper also extends theory by showing that institutions have an important influence on interlocks, so that the latter can be welfare‐depleting in one institutional setting, while welfare‐enhancing in another. The review concludes by discussing the implication for future research.
TL;DR: In this paper, a time perspective was introduced to unfold the natural resource curse by introducing a long-term versus short-term effects, and an error-correction model was performed after a cointegration estimation.
TL;DR: In this paper, the authors explored the impact of austerity on community sport facilities across England (United Kingdom), drawing upon resource dependence theory (RDT) embedded within network theory, and provided managerial recommendations for community sport facility managers, practitioners and policy makers who operate in times of fiscal constraint.
Abstract: Research Question: This qualitative research explores the impact of austerity on community sport facilities across England (United Kingdom), drawing upon resource dependence theory (RDT) embedded within network theory. Research Methods: In-depth semi-structured interview data were collected from 24 stakeholders related to community sport facilities (n=12 facility managers, n=6 regional grant managers, n=6 national funders both third sector and corporate). The qualitative data were thematically analysed to understand the impact of austerity on how community sport facilities managed their organisations and operations. Results and Findings: The findings from this research offer insight into the challenges that community sport facilities are encountering which have resulted from austerity, and a shrinking of the funding from central Government to local public services. Furthermore, different community sport facilities have navigated these challenges to maintain sustainability, essentially through adapting network structure and through income dynamism. In addition, using a network theory approach alongside RDT within a sporting context, has allowed us to address issues on how network flow and structure impact sustainability and operations within and between organisations. Implications: The article offers managerial recommendations for community sport facility managers, practitioners and policy makers who operate in times of fiscal constraint. It recommends that future sport research utilises and applies both RDT and network theory to examine these changes and the subsequent management strategies adopted to overcome the associated challenges of fiscal constraint.
TL;DR: In this paper, the authors examine how outside directors' human and social capital affect the value of corporate foreign direct investments and find significant but distinct non-linear impacts of board members' human capital (U-shaped effect).
TL;DR: In this article, the authors investigated the implications of supply chain strategies that manufacturing companies can use to minimise or overcome natural resource scarcity, and ultimately improve resource efficiency and achieve competitive advantage, and found that both buffering and bridging strategies improved resource efficiency; however, only bridging strategy seemed to lead to firm's competitive advantage in terms of ownership and accessibility to resources.
Abstract: Purpose – This research investigates the implications of supply chain strategies that manufacturing companies can use to minimise or overcome natural resource scarcity, and ultimately improve resource efficiency and achieve competitive advantage. The relationship between resource efficiency and competitive advantage is also explored.
Design/methodology/approach – The proposed research model draws on resource dependence theory. Data were collected from 183 logistics, purchasing, sustainability and supply chain managers from various manufacturing companies and analysed by applying the PLS (Partial Least Squares) structural equation modelling technique.
Findings – The results indicate that both buffering and bridging strategies improve resource efficiency; however, only bridging strategies seem to lead to firm’s competitive advantage in terms of ownership and accessibility to resources. The relationship between resource efficiency
and competitive advantage is not supported.
Research limitations/implications – Future research could confirm the robustness of these findings by using a larger sample size and taking into account other supply chain members.
Practical implications – This research provides guidance to managers faced with the growing risk of resource scarcity to achieve a resource efficient supply chain and an advantage over competitors.
Originality/value – Studies have explored the appropriate strategies for minimising dependencies caused by the scarcity of natural resources in the field of supply chain management; however, there is limited empirical work on investigating the impact of these strategies on resource efficiency and competitive advantage.
TL;DR: In this paper, the authors empirically examined how benefits of resource dependence may be bargained away by supply chain finance costs incurred to upstream suppliers and downstream buyers through cash conversion cycles and found that a focal firm may get compensated for its resource contribution with an extra share of the financial gains by using the superior bargaining position over its supply chain partners.
TL;DR: The authors developed a configurational framework to focus on how business ties and market dynamism independently and interactively affect the relationship between entrepreneurial orientation (EO) and organizational knowledge creation, and found that a three-way approach (three-way interactions) that aligns EO, business ties, and market dynamics has greater explanatory power for knowledge creation than a contingency model (two-way interaction) and a main effect-only model.
Abstract: Drawing upon the resource dependence theory, this study develops a configurational framework to focus on how business ties and market dynamism independently and interactively affect the relationship between entrepreneurial orientation (EO) and organizational knowledge creation. Findings from a sample of Chinese firms indicate that a configurational approach (three-way interactions) that aligns EO, business ties, and market dynamism has greater explanatory power for organizational knowledge creation than a contingency model (two-way interactions) and a main-effect-only model. Organizational knowledge creation benefits most from an EO in the presence of both high levels of business ties and market dynamism, while it benefits least with strong business ties under low market dynamism. Overall, our findings contribute to a better understanding of whether and when an EO enhances organizational knowledge creation.
03 Jun 2019
TL;DR: In this paper, the authors extend the understanding and application of interactive ties creating value through board characteristics, ownership concentration and firms' performance by using a contingent theoretical-based framework based on the amalgamation of resource dependence theory, stakeholder theory, agency theory, stewardship theory and institutional theory in a country with weak political environment.
Abstract: The purpose of this paper is to extend the understanding and application of interactive ties creating value through board characteristics, ownership concentration and firms’ performance by using a contingent theoretical-based framework based on the amalgamation of resource dependence theory, stakeholder theory, agency theory, stewardship theory and institutional theory in a country with weak political environment.,This study includes a sample of an unbalanced panel of 309 non-financial sector firms listed on Pakistan Stock Exchange (PSX) from 2005 to 2016. In order to address the issue of unobserved heterogeneity, simultaneous and dynamic endogeneity, the current study employed the technique Arellano–Bond dynamic panel data estimation under assumptions of GMM (Arellano–Bond, 1991).,The empirical results suggest that the presence of concentrated ownership moderates and helps to overcome the agency problems through different governance mechanisms (such as board size, independent directors and CEO duality). The larger boards are found to be beneficial whereas the higher representation of independent directors in the board is found to be detrimental for Pakistani firms.,Limitations of the study are, first the current study has analyzed public-listed firms from the non-financial sector, and second the study has only focused on the financial aspect of the performance. The future research could include other proxies of corporate governance and ownership structure such as board diversity and meetings, audit committee and managerial ownership, etc.,The research also helps Pakistani policy makers in numerous ways. First, the current study confirms the monitoring and expropriation effect of ownership concentration in corporate governance and performance mechanism. Thus, the Security and Exchange Commission of Pakistan (SECP) should make such policies which protect the corporate board against the influence of concentrated ownership so that the interests of the minority shareholders are protected. Second, SECP should ensure that all the listed firms declare a comprehensive profile of their directors (such as academic qualification, age and experience) in their annual reports for the better understanding of the governance−performance mechanism.,The current study augments the emerging body of literature on corporate governance and firm performance mechanism through the amalgamation and testing of existing theories in an emerging economy like Pakistan by using wider and newer data set.
TL;DR: In this article, the authors proposed a new, flexible typology for the institutional set-ups of IBs, which accommodates the complex structures observed in the field, and explained the innovative and hybrid arrangements, explained by a holistic framework that combines aspects of Resource Dependence Theory, Transaction Costs Economics and Agency Theory.