Faculty Research

Search Publications

Recent Journal Publications by COB Faculty

Search Publications

Filter & Sort Results: 1254
[clear]
Publication Type Publication Type
Discipline Discipline
Year Published Year Published

Sort by

Apply
Cancel
Showing results for: ""
Results:
Academic Journal
Supply Chain

“The Return on R&D Versus Capital Expenditures in the Pharmaceutical and Chemistry Industies”

The impact of research and development (R&D) on firm performance is generally agreed to be positive, but the nature and extent of this impact share little agreement in the previous research. Using an improved, time series, cross-sectional regression model that accounts for both contemporaneous and firm-specific serial correlation, as well as the feedback between firm profitability and investments, our study compares the rate of return from a dollar investment on R&D to a dollar investment on fixed assets in pharmaceutical and chemical industries. We find positive associations of R&D intensity and all variables of firm performance (net margin, operating margin, sales growth, and market value). We find that an investment in R&D earns an operating margin return much higher than the industry cost of capital. We also find that the effect of an investment in R&D on the firm's market value is about twice as much the effect of an investment in fixed assets. These findings have implications for corporate investment strategies, indicating that additional R&D investment is more likely to provide a firm with a unique and sustainable competitive advantage.
Full Details

Ping-Hung Hsieh and C. Mishra "The Return on R&D Versus Capital Expenditures in the Pharmaceutical and Chemistry Industies" IEEE Transactions on Engineering Management IEEE Transactions on Engineering Management 141 -150 pages 2003

Full Details
Academic Journal
Supply Chain

“The role of corporate board diversity in mitigating supply chain disruptions: The impact of foreign nationals”

We explore the role of director nationality in mitigating the effects of supply chain disruptions caused by economic policy uncertainty (EPU). EPU spikes in a supplier's country are associated with significantly lower sales and firm value for its US buyers; however, these effects are mitigated when the buyer has a foreign national from that country on its board of directors. Our cross-sectional tests suggest that foreign nationals have a more pronounced impact in mitigating the effects of supply chain disruptions for firms that are smaller in size, highly leveraged, financially distressed, and with lower cash holdings. Taken together, our results highlight the benefits of foreign national members of corporate boards particularly for firms with significant dependence on foreign suppliers.
Full Details

Rohan D'Lima, Musa Subasi and Ariel Rava "The role of corporate board diversity in mitigating supply chain disruptions: The impact of foreign nationals"

Full Details
Academic Journal
Management

“The role of inclusive leadership in reducing disability accommodation request withholding”

Workplace disability accommodations are intended to help level the playing field and create more accessible, inclusive workplaces. Yet, research shows that people with disabilities often experience insufficient accommodations as a result of both employers’ and employees’ attitudes about accommodations. The current work seeks to shed new light on psychological processes underlying disability accommodation request withholding. To do so, we draw upon a relational framework and use social tuning theory to develop a model examining the relationship between inclusive leadership and accommodation request withholding, as mediated by employees’ perceived disability stigma and moderated by disability severity and relational-interdependent self-construal. We tested our model across two studies with Chinese employees – including a survey study with three waves of data from 290 employees with physical disabilities and an experimental-causal-chain designed vignette study with 526 participants. Our findings indicated that inclusive leadership was associated with employees’ lower perceived disability stigma, and that was related to reduced accommodation request withholding. Furthermore, this relationship was more pronounced in employees with higher disability severity and relational-interdependent self-construal. Our research provides novel insights for disability diversity management, particularly around the role of inclusive leadership in fostering enabling workplace environments.
Full Details

Xiji Zhu, Feng Jiang, Sabrina Volpone, David Baldridge and Ran Ran Li "The role of inclusive leadership in reducing disability accommodation request withholding" Journal of Management 2025 View on: Google Scholar

Full Details
Academic Journal
Finance

“The role of informal capital on new venture formation and growth in China”

This study examines the nature and role of informal capital used by micro-firms in the dynamic emerging market of China. Using a unique source of data for 260 urban entrepreneurs, this study provides empirical evidence that entrepreneurs’ personal savings and family funding are important sources of start-up capital. However, household income is the most important funding source in driving firm growth over time. This research directly addresses the lacuna of studies on entrepreneurship in emerging economies and contributes to our understanding of the critical role informal capital plays in the Chinese entrepreneurial process. Overall findings suggest that informal capital is still predominantly used over formal capital sources for financing firm start-up, underscoring the slow transition in China from an emerging to a modern economy.
Full Details

Julie Ann Elston, Sandy Chen and Alois Weidinger "The role of informal capital on new venture formation and growth in China" Small Business Economics 79-91 pages 2016 View on: Google Scholar

Full Details