The spillover effect of constituency statutes along supply chains: Evidence from supplier commitment
Author
Abstract
Suggested Citation
DOI: 10.1016/j.jfs.2024.101347
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Sun, Jiong & Fang, Yiwei, 2015. "Executives’ professional ties along the supply chain: The impact on partnership sustainability and firm risk," Journal of Financial Stability, Elsevier, vol. 20(C), pages 144-154.
- Hart, Oliver & Moore, John, 1990.
"Property Rights and the Nature of the Firm,"
Journal of Political Economy, University of Chicago Press, vol. 98(6), pages 1119-1158, December.
- Oliver Hart & John Moore, 1988. "Property Rights and the Nature of the Firm," Working papers 495, Massachusetts Institute of Technology (MIT), Department of Economics.
- Hart, Oliver D. & Moore, John, 1990. "Property Rights and the Nature of the Firm," Scholarly Articles 3448675, Harvard University Department of Economics.
- Williamson, Oliver E, 1979. "Transaction-Cost Economics: The Governance of Contractural Relations," Journal of Law and Economics, University of Chicago Press, vol. 22(2), pages 233-261, October.
- Andreas Brinkhoff & Özalp Özer & Gökçe Sargut, 2015. "All You Need Is Trust? An Examination of Inter-organizational Supply Chain Projects," Production and Operations Management, Production and Operations Management Society, vol. 24(2), pages 181-200, February.
- Masulis, Ronald W. & Nahata, Rajarishi, 2011. "Venture Capital Conflicts of Interest: Evidence from Acquisitions of Venture-Backed Firms," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 46(2), pages 395-430, April.
- Roland Bénabou & Jean Tirole, 2010.
"Individual and Corporate Social Responsibility,"
Economica, London School of Economics and Political Science, vol. 77(305), pages 1-19, January.
- Tirole, Jean & Bénabou, Roland, 2009. "Individual and Corporate Social Responsibility," CEPR Discussion Papers 7559, C.E.P.R. Discussion Papers.
- Benabou, Roland & Tirole, Jean, 2009. "Individual and Corporate Social Responsibility," IZA Discussion Papers 4570, Institute of Labor Economics (IZA).
- Jean Tirole & Roland Bénabou, 2010. "Individual and Corporate Social Responsibility," Working Papers 2010.23, Fondazione Eni Enrico Mattei.
- Bénabou, Roland & Tirole, Jean, 2009. "Individual and Corporate Social Responsibility," TSE Working Papers 09-109, Toulouse School of Economics (TSE).
- Benabou, Roland & Tirole, Jean, 2010. "Individual and Corporate Social Responsibility," Institutions and Markets Papers 59753, Fondazione Eni Enrico Mattei (FEEM).
- Mahoney, Joseph T., 2012. "Towards a Stakeholder Theory of Strategic Management," Working Papers 12-0100, University of Illinois at Urbana-Champaign, College of Business.
- Jeffrey W. Allen & Gordon M. Phillips, 2000. "Corporate Equity Ownership, Strategic Alliances, and Product Market Relationships," Journal of Finance, American Finance Association, vol. 55(6), pages 2791-2815, December.
- Nezih Altay & Raktim Pal, 2014. "Information Diffusion among Agents: Implications for Humanitarian Operations," Production and Operations Management, Production and Operations Management Society, vol. 23(6), pages 1015-1027, June.
- Dasgupta, Sudipto & Zhang, Kuo & Zhu, Chenqi, 2021. "Do Social Connections Mitigate Hold-up and Facilitate Cooperation? Evidence from Supply Chain Relationships," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 56(5), pages 1679-1712, August.
- Seru, Amit, 2014. "Firm boundaries matter: Evidence from conglomerates and R&D activity," Journal of Financial Economics, Elsevier, vol. 111(2), pages 381-405.
- Costello, Anna M., 2013. "Mitigating incentive conflicts in inter-firm relationships: Evidence from long-term supply contracts," Journal of Accounting and Economics, Elsevier, vol. 56(1), pages 19-39.
- Mariassunta Giannetti & Mike Burkart & Tore Ellingsen, 2011.
"What You Sell Is What You Lend? Explaining Trade Credit Contracts,"
The Review of Financial Studies, Society for Financial Studies, vol. 24(4), pages 1261-1298.
- Ellingsen, Tore & Burkart, Mike & Giannetti, Mariassunta, 2004. "What You Sell is What You Lend? Explaining Trade Credit Contracts," CEPR Discussion Papers 4823, C.E.P.R. Discussion Papers.
- Giannetti, Mariassunta & Burkart, Mike & Ellingsen, Tore, 2011. "What you sell is what you lend? Explaining trade credit contracts," LSE Research Online Documents on Economics 69543, London School of Economics and Political Science, LSE Library.
- Gao, Huasheng & Li, Kai & Ma, Yujing, 2021. "Stakeholder Orientation and the Cost of Debt: Evidence from State-Level Adoption of Constituency Statutes," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 56(6), pages 1908-1944, September.
- ., 2017. "Corporate social responsibility," Chapters, in: Organizational Opportunity and Deviant Behavior, chapter 8, pages 135-158, Edward Elgar Publishing.
- Bronwyn H. Hall & Adam B. Jaffe & Manuel Trajtenberg, 2001.
"The NBER Patent Citation Data File: Lessons, Insights and Methodological Tools,"
NBER Working Papers
8498, National Bureau of Economic Research, Inc.
- Hall, B. & Jaffe, A. & Trajtenberg, M., 2001. "The NBER Patent Citations Data File: Lessons, Insights and Methodological Tools," Papers 2001-29, Tel Aviv.
- Hall, Bronwyn & Trajtenberg, Manuel & Jaffe, Adam B, 2001. "The NBER Patent Citations Data File: Lessons, Insights and Methodological Tools," CEPR Discussion Papers 3094, C.E.P.R. Discussion Papers.
- Kale, Jayant R. & Shahrur, Husayn, 2007. "Corporate capital structure and the characteristics of suppliers and customers," Journal of Financial Economics, Elsevier, vol. 83(2), pages 321-365, February.
- Leung, Woon Sau & Song, Wei & Chen, Jie, 2019. "Does bank stakeholder orientation enhance financial stability?," Journal of Corporate Finance, Elsevier, vol. 56(C), pages 38-63.
- Sebahattin Demirkan & Nan Zhou, 2016. "Audit Pricing for Strategic Alliances: An Incomplete Contract Perspective," Contemporary Accounting Research, John Wiley & Sons, vol. 33(4), pages 1625-1647, December.
- Mani, Venkatesh & Gunasekaran, Angappa & Delgado, Catarina, 2018. "Enhancing supply chain performance through supplier social sustainability: An emerging economy perspective," International Journal of Production Economics, Elsevier, vol. 195(C), pages 259-272.
- Natalie Slawinski & Pratima Bansal, 2015. "Short on Time: Intertemporal Tensions in Business Sustainability," Organization Science, INFORMS, vol. 26(2), pages 531-549, April.
- Karl V. Lins & Henri Servaes & Ane Tamayo, 2017.
"Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis,"
Journal of Finance, American Finance Association, vol. 72(4), pages 1785-1824, August.
- Lins, Karl V. & Servaes, Henri & Tamayo, Ane, 2017. "Social capital, trust, and firm performance: the value of corporate social responsibility during the financial crisis," LSE Research Online Documents on Economics 68059, London School of Economics and Political Science, LSE Library.
- Gao, Feng & Lisic, Ling Lei & Zhang, Ivy Xiying, 2014. "Commitment to social good and insider trading," Journal of Accounting and Economics, Elsevier, vol. 57(2), pages 149-175.
- Caroline Flammer & Aleksandra Kacperczyk, 2016. "The Impact of Stakeholder Orientation on Innovation: Evidence from a Natural Experiment," Management Science, INFORMS, vol. 62(7), pages 1982-2001, July.
- Ni, Xiaoran, 2020. "Does stakeholder orientation matter for earnings management: Evidence from non-shareholder constituency statutes," Journal of Corporate Finance, Elsevier, vol. 62(C).
- Grossman, Sanford J & Hart, Oliver D, 1986.
"The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration,"
Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 691-719, August.
- Grossman, Sanford J & Hart, Oliver, 1985. "The Cost and Benefits of Ownership: A Theory of Vertical and Lateral Integration," CEPR Discussion Papers 70, C.E.P.R. Discussion Papers.
- Oliver Hart & Sanford Grossman, 1985. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Working papers 372, Massachusetts Institute of Technology (MIT), Department of Economics.
- Grossman, Sanford J. & Hart, Oliver D., 1986. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Scholarly Articles 3450060, Harvard University Department of Economics.
- David T. Robinson, 2008. "Strategic Alliances and the Boundaries of the Firm," The Review of Financial Studies, Society for Financial Studies, vol. 21(2), pages 649-681, April.
- Özalp Özer & Yanchong Zheng & Yufei Ren, 2014. "Trust, Trustworthiness, and Information Sharing in Supply Chains Bridging China and the United States," Management Science, INFORMS, vol. 60(10), pages 2435-2460, October.
- Gomes-Casseres, Benjamin & Hagedoorn, John & Jaffe, Adam B., 2006.
"Do alliances promote knowledge flows?,"
Journal of Financial Economics, Elsevier, vol. 80(1), pages 5-33, April.
- Benjamin Gomes-Casseres & John Hagedoorn & Adam B. Jaffe, 2002. "Do Alliances Promote Knowledge Flows?," NBER Chapters, in: Corporate Alliances, National Bureau of Economic Research, Inc.
- Caroline Flammer, 2018. "Competing for government procurement contracts: The role of corporate social responsibility," Strategic Management Journal, Wiley Blackwell, vol. 39(5), pages 1299-1324, May.
- Jonathan M. Karpoff & Michael D. Wittry, 2018. "Institutional and Legal Context in Natural Experiments: The Case of State Antitakeover Laws," Journal of Finance, American Finance Association, vol. 73(2), pages 657-714, April.
- Marianne Bertrand & Antoinette Schoar, 2003.
"Managing with Style: The Effect of Managers on Firm Policies,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 118(4), pages 1169-1208.
- Bertrand, Marianne & Schoar, Antoinette, 2003. "Managing With Style: The Effect of Managers on Firm Policies," Working papers 4280-02, Massachusetts Institute of Technology (MIT), Sloan School of Management.
- Caroline Flammer & Pratima Bansal, 2017. "Does a long-term orientation create value? Evidence from a regression discontinuity," Strategic Management Journal, Wiley Blackwell, vol. 38(9), pages 1827-1847, September.
- Ruth Beer & Hyun-Soo Ahn & Stephen Leider, 2018. "Can Trustworthiness in a Supply Chain Be Signaled?," Management Science, INFORMS, vol. 64(9), pages 3974-3994, September.
- Phua, Kenny & Tham, T. Mandy & Wei, Chishen, 2018. "Are overconfident CEOs better leaders? Evidence from stakeholder commitments," Journal of Financial Economics, Elsevier, vol. 127(3), pages 519-545.
- Hsiang-Lin Chih & Chung-Hua Shen & Feng-Ching Kang, 2008. "Corporate Social Responsibility, Investor Protection, and Earnings Management: Some International Evidence," Journal of Business Ethics, Springer, vol. 79(1), pages 179-198, April.
- C. Edward Fee & Charles J. Hadlock & Shawn Thomas, 2006. "Corporate Equity Ownership and the Governance of Product Market Relationships," Journal of Finance, American Finance Association, vol. 61(3), pages 1217-1251, June.
- repec:bla:jfinan:v:43:y:1988:i:1:p:1-19 is not listed on IDEAS
- Klein, Benjamin & Crawford, Robert G & Alchian, Armen A, 1978. "Vertical Integration, Appropriable Rents, and the Competitive Contracting Process," Journal of Law and Economics, University of Chicago Press, vol. 21(2), pages 297-326, October.
- Ling Cen & Sudipto Dasgupta & Rik Sen, 2016. "Discipline or Disruption? Stakeholder Relationships and the Effect of Takeover Threat," Management Science, INFORMS, vol. 62(10), pages 2820-2841, October.
- Manuel Trajtenberg & Adam B. Jaffe & Michael S. Fogarty, 2000. "Knowledge Spillovers and Patent Citations: Evidence from a Survey of Inventors," American Economic Review, American Economic Association, vol. 90(2), pages 215-218, May.
- Baker, Andrew C. & Larcker, David F. & Wang, Charles C.Y., 2022. "How much should we trust staggered difference-in-differences estimates?," Journal of Financial Economics, Elsevier, vol. 144(2), pages 370-395.
- Tzu‐Ting Chiu & Jeong‐Bon Kim & Zheng Wang, 2019. "Customers’ Risk Factor Disclosures and Suppliers’ Investment Efficiency," Contemporary Accounting Research, John Wiley & Sons, vol. 36(2), pages 773-804, June.
- Maretno Agus Harjoto, 2017. "Corporate social responsibility and degrees of operating and financial leverage," Review of Quantitative Finance and Accounting, Springer, vol. 49(2), pages 487-513, August.
- Taiyuan Wang & Pratima Bansal, 2012. "Social responsibility in new ventures: profiting from a long‐term orientation," Strategic Management Journal, Wiley Blackwell, vol. 33(10), pages 1135-1153, October.
- Mohammad Moshtari, 2016. "Inter-Organizational Fit, Relationship Management Capability, and Collaborative Performance within a Humanitarian Setting," Production and Operations Management, Production and Operations Management Society, vol. 25(9), pages 1542-1557, September.
- Stanley Baiman & Paul E. Fischer & Madhav V. Rajan, 2001. "Performance Measurement and Design in Supply Chains," Management Science, INFORMS, vol. 47(1), pages 173-188, January.
- Nishant Dass & Omesh Kini & Vikram Nanda & Bunyamin Onal & Jun Wang, 2014. "Board Expertise: Do Directors from Related Industries Help Bridge the Information Gap?," The Review of Financial Studies, Society for Financial Studies, vol. 27(5), pages 1533-1592.
- Özalp Özer & Yanchong Zheng & Kay-Yut Chen, 2011. "Trust in Forecast Information Sharing," Management Science, INFORMS, vol. 57(6), pages 1111-1137, June.
- Maretno Agus Harjoto, 2017. "Corporate social responsibility and corporate fraud," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 13(4), pages 762-779, October.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Sertsios, Giorgo, 2020. "Corporate finance, industrial organization, and organizational economics," Journal of Corporate Finance, Elsevier, vol. 64(C).
- Garanina, Tatiana & Kim, Oksana, 2023. "The relationship between CSR disclosure and accounting conservatism: The role of state ownership," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 50(C).
- Ding, Guolei & Lei, Jin & Liu, Yunxiao & Wang, Zhen, 2024. "Supplier–customer cultural similarity and supplier performance," Journal of Banking & Finance, Elsevier, vol. 163(C).
- Chen, Xian, 2024. "Common ownership along the supply chain and supplier innovations," Pacific-Basin Finance Journal, Elsevier, vol. 87(C).
- Chen, Kai, 2022. "Suppliers' relationship-specific investments and customers' management forecasts," Advances in accounting, Elsevier, vol. 59(C).
- Hu, Zhiying & Yang, Haiyan & Zhang, Yuyu, 2022. "Shared auditors, social trust, and relationship-specific investment in the supply chain," Journal of Contemporary Accounting and Economics, Elsevier, vol. 18(3).
- Jaideep Shenoy, 2012. "An Examination of the Efficiency, Foreclosure, and Collusion Rationales for Vertical Takeovers," Management Science, INFORMS, vol. 58(8), pages 1482-1501, August.
- Kai Li & Jiaping Qiu & Jin Wang, 2019. "Technology Conglomeration, Strategic Alliances, and Corporate Innovation," Management Science, INFORMS, vol. 65(11), pages 5065-5090, November.
- Conti, Raffaele & Novelli, Elena, 2022. "Not all technologies are created equal for stakeholders: Constituency statutes, firm stakeholder orientation and investments in technology generality," Research Policy, Elsevier, vol. 51(3).
- Li, Tongxia & Lu, Chun & Wang, Hui, 2023. "Stakeholder orientation and trade credit: Evidence from a natural experiment," International Review of Economics & Finance, Elsevier, vol. 87(C), pages 15-34.
- Giacomini, Emanuela & Kumar, Nitish & Naranjo, Andy, 2024. "Inter-firm relationships and the special role of common banks," Journal of Financial Intermediation, Elsevier, vol. 58(C).
- Guernsey, Scott & Sepe, Simone M. & Serfling, Matthew, 2022. "Blood in the water: The value of antitakeover provisions during market shocks," Journal of Financial Economics, Elsevier, vol. 143(3), pages 1070-1096.
- Ormazabal, Gaizka, 2018. "The Role of Stakeholders in Corporate Governance: A View from Accounting Research," CEPR Discussion Papers 12775, C.E.P.R. Discussion Papers.
- Jarrad Harford & Robert Schonlau & Jared Stanfield, 2019. "Trade Relationships, Indirect Economic Links, and Mergers," Management Science, INFORMS, vol. 65(7), pages 3085-3110, July.
- Fernando Anjos & Cesare Fracassi, 2015. "Shopping for Information? Diversification and the Network of Industries," Management Science, INFORMS, vol. 61(1), pages 161-183, January.
- Ting Luo & Jianqiao Yu, 2019. "Friends along supply chain and relationship-specific investments," Review of Quantitative Finance and Accounting, Springer, vol. 53(3), pages 895-931, October.
- Ni, Xiaoran & Song, Wei & Yao, Jiaquan, 2020. "Stakeholder orientation and corporate payout policy: Insights from state legal shocks," Journal of Banking & Finance, Elsevier, vol. 121(C).
- Al-Hadi, Ahmed & Habib, Ahsan, 2023. "Consequences of state-level regulations in accounting, finance, and corporate governance: A review," Advances in accounting, Elsevier, vol. 60(C).
- S. Katie Moon & Gordon M. Phillips, 2014. "Outside Purchase Contracts, Human Capital and Firm Capital Structure," NBER Working Papers 20579, National Bureau of Economic Research, Inc.
- Kim, Hyemin, 2024. "Effects of customer unionization on supplier relationships and supplier value," Journal of Empirical Finance, Elsevier, vol. 78(C).
More about this item
Keywords
Constituency statutes; Corporate social responsibility; Supplier commitment; Supplier-customer relationship; R&D investment;All these keywords.
JEL classification:
- G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
- L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
- O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finsta:v:75:y:2024:i:c:s1572308924001323. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/jfstabil .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.