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This study explores how suppliers adjust their relation‐specific investments (RSI) in response to the different risk‐taking incentives provided by the customer firm to its CEO, during normal and transition periods. We investigate this relation using 17,553 customer–supplier transactions over the 1993–2013 period. We find strong evidence consistent with the risk‐taking argument. Specifically, we find that an increase in the risk‐taking incentives of customer CEOs leads to a decline in suppliers’ RSI in normal periods, but an increase in RSI during transition periods. We employ the FAS‐123R mandate to show that an exogenous reduction in customer CEO's incentive pay increases suppliers’ RSI. We reaffirm the effect with the passage of the Sarbanes–Oxley Act as a secondary quasi‐natural experiment. Finally, we examine several scenarios that either amplify or attenuate the observed relation, based on factors such as financial constraints, distress, growth opportunities, industry competition, and other firm characteristics. Our study contributes to the literature that examines the interplay between corporate policy and product market relationships.

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COVID-19 has posed a significantly severe impact on both people’s lives and the global economic development. Increasing the community epidemic resilience will considerably improve the national public health emergency response capacity from bottom to top. This study identifies the influencing factors of community epidemic resilience through systematic literature review under the 4R framework, then obtains the relationships of influencing factors through Interpretive structural model, and finally assesses the performance of epidemic resilience using PROMETHEE II method through empirical cases in Nanjing, China. The results show that: (1) Eight factors influencing the epidemic resilience of community are identified, and the economic level plays the root role; (2) Community epidemic resilience can be improved from robustness, rapidity, redundancy and resourcefulness aspects; (3) Through the empirical analysis, the epidemic resilience ranking of community can be displayed (Community D > T > S > F); (4) Additionally, the performance and sensitivity analysis of influencing factors in each community can be demonstrated. (5) Finally, four implications are proposed, namely, allocating public resources rationally, significantly increasing the economic level, ensuring the accuracy of information delivery and conducting disaster learning.

In recent years, sponge-style old community renewal (SOCR) has attracted considerable attention as an essential component of urban renewal and sponge city construction in China. As a new method of community governance, the government has increasingly valued residents’ participation in the SOCR. However, as a new concept, the SOCR has not been studied from the perspective of management, and there are few explorations of residents’ participation in the research field. Thus, this study aimed to explore the determinants of residents’ behavior toward participating in the SOCR of China based on the extended theory of planned behavior (TPB), which will further promote residents’ engagement in the SOCR. Data from 1657 respondents were analyzed using the structural equation model (SEM) to verify the direct or indirect relationship between potential variables. The results show that residents’ participation cognition (RPC), attitude (RPA), and intention (RPI) all significantly affect residents’ participation behavior (RPB). The RPC can not only have an indirect impact on the RPB by influencing the RPA but also have an indirect impact on the RPB through the RPA and the RPI. This research not only expands the application boundary of the TPB but also enriches the knowledge system of residents’ participation and the SOCR. Several practical implications for promoting residents’ participation are obtained in the context of the SOCR projects.