Abstract:Purpose
The purpose of this paper is to critically reflect and offer insights on how to justify the use of qualitative comparative analysis (QCA) as a research method for understanding the complexity of organizational phenomena, by applying the principles of the neo-configurational approach.
Design/methodology/approach
We present and critically examine three arguments regarding the use of QCA for management research. First, they discuss the need to assume configurational theories to build and empirically tes… Show more
“…Moreover, with the growing interest toward analyzing corporate governance through a configurational approach (Misangyi et al, 2017; Parente & Federo, 2019), future research would do well to explore how different ownership types jointly influence board governance. Given the divergent interests of different owners, it is crucial to have a more comprehensive understanding of how the presence of one ownership type could influence the motives and behaviors of other co‐owners.…”
Section: Emerging Themes In Owner–board Governance Researchmentioning
confidence: 99%
“…And as firms develop into those with proven business models and steady revenues, they eventually attract institutional investors-including shareholder activists . Taken as a whole, rather than being domi- Moreover, with the growing interest toward analyzing corporate governance through a configurational approach (Misangyi et al, 2017;Parente & Federo, 2019), future research would do well to explore how different ownership types jointly influence board governance.…”
Section: Constellations Of Multiple Ownersmentioning
Research Question/Issue
In this comprehensive literature review, we synthesize and analyze the current state of academic research regarding the relatively understudied relationship between the type of owners and board governance.
Research Findings/Insights
Our review of the existing literature at the intersection of ownership and board governance research discusses how six distinct ownership types—pertaining to family, lone founder, corporation, institutional investor, state, and venture capitalist—shape board governance, defined as board structure, composition, and processes. We also uncover the influence of ownership type on board functional performance (i.e., monitoring, resource provision, and strategic involvement) and the implications of these owner–board relationships for a variety of firm outcomes (related to performance and compliance).
Theoretical/Academic Implications
We present identifiable patterns in board governance and functional performance associated with each ownership type and their respective implications for a wide range of firm outcomes. We then propose seven core emerging themes that deserve further scholarly attention.
Practitioner/Policy Implications
Our analysis cautions against the application of the “one‐size‐fits‐all” best‐practices approach in board governance advocated by policy makers, scholars, and corporate governance activists and underscores the need to consider the contingent effects of different owners' behaviors and interests in shaping and assessing board governance.
“…Moreover, with the growing interest toward analyzing corporate governance through a configurational approach (Misangyi et al, 2017; Parente & Federo, 2019), future research would do well to explore how different ownership types jointly influence board governance. Given the divergent interests of different owners, it is crucial to have a more comprehensive understanding of how the presence of one ownership type could influence the motives and behaviors of other co‐owners.…”
Section: Emerging Themes In Owner–board Governance Researchmentioning
confidence: 99%
“…And as firms develop into those with proven business models and steady revenues, they eventually attract institutional investors-including shareholder activists . Taken as a whole, rather than being domi- Moreover, with the growing interest toward analyzing corporate governance through a configurational approach (Misangyi et al, 2017;Parente & Federo, 2019), future research would do well to explore how different ownership types jointly influence board governance.…”
Section: Constellations Of Multiple Ownersmentioning
Research Question/Issue
In this comprehensive literature review, we synthesize and analyze the current state of academic research regarding the relatively understudied relationship between the type of owners and board governance.
Research Findings/Insights
Our review of the existing literature at the intersection of ownership and board governance research discusses how six distinct ownership types—pertaining to family, lone founder, corporation, institutional investor, state, and venture capitalist—shape board governance, defined as board structure, composition, and processes. We also uncover the influence of ownership type on board functional performance (i.e., monitoring, resource provision, and strategic involvement) and the implications of these owner–board relationships for a variety of firm outcomes (related to performance and compliance).
Theoretical/Academic Implications
We present identifiable patterns in board governance and functional performance associated with each ownership type and their respective implications for a wide range of firm outcomes. We then propose seven core emerging themes that deserve further scholarly attention.
Practitioner/Policy Implications
Our analysis cautions against the application of the “one‐size‐fits‐all” best‐practices approach in board governance advocated by policy makers, scholars, and corporate governance activists and underscores the need to consider the contingent effects of different owners' behaviors and interests in shaping and assessing board governance.
“…The third qualitative article, written by Parente and Federo (2019), proposes a critical reflection on the use of qualitative comparative analysis (QCA) as a research method for understanding the complexity of organizational phenomena. The authors present three arguments regarding the use of QCA for management research.…”
Section: The Articles Of This Special Issuementioning
“…), and the disclosure occurrence presents the number of items in a checklist or disclosure index including least some disclosures. We would like to propose a combination of measures based on both the volume/quantity and diversity/quality of disclosure, obtained from a configurational approach (Furnari et al, 2020;Misangyi et al, 2017;Parente & Federo, 2019). This can be an appropriate approach since it allows the integration of different types of measurement in the holistic framework.…”
Evaluating the determinants of environmental, social and governance (ESG) score is significant for topic for academics and regulators and companies. Despite its importance, little attention has been paid to non-financial strategy disclosure and how to communicate non-financial information. However, in the recent years, attention to the topic has considerably increased as demonstrated, in the European context, by the introduction of the non-financial reporting directive in 2014. Therefore, it is important to analyse how the quantity and quality of disclosure influence the ESG score. To explore this relationship, a configurational analysis aimed at 31 Italian listed companies was studied by fuzzy-set qualitative comparative analysis. The results showed that there were three path types driving the ESG score and that integrated reporting played a highly significant role in promoting a high ESG score. Specifically, we show the importance of assessing the combinations of quality and quantity disclosures for ESG score through configurational thinking. These results provide a first theoretical basis for the effectiveness of disclosure measurements on ESG score, charting the future direction for environmental management studies.
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