Although scholars have implied that relational factors motivate individuals to change the work environment and further craft their jobs, to date, few studies have been conducted to examine the relationships between these variables. Drawing on a person–environment fit perspective,
we examined the interactive effects of leader–member exchange (LMX), internal social capital, and thriving on job crafting. We used an online survey to collect data from employees (N = 212). Results showed that LMX was significantly related to job crafting. Internal social capital
moderated the relationship between LMX and job crafting. There was a 3-way interactive effect of LMX, internal social capital, and thriving on job crafting. The results constructed a person–environment fit perspective of job crafting. Our findings will help managers promote job crafting
by creating a suitable environment for practice.
Using foreign investors' shareholding to proxy for foreign investors' monitoring effect in the Chinese stock market, we find that those acquirers exhibit higher announcement returns with higher shareholding, and this effect is stronger when acquirers are private firms. We provide price efficiency and corporate governance channels through which foreign investors play a monitoring role in mergers and acquisitions. Finally, foreign investors decrease the likelihood that managers will conduct mergers in the future and significantly improve long-run performance. Our study provides new insights into the real effects of foreign investors on acquisition performance and the economy.
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