We propose that institutions such as the U.S. Supreme Court can lead individuals to update their perceptions of social norms, in contrast to the mixed evidence on whether institutions shape individuals' personal opinions. We studied reactions to the June 2015 U.S. Supreme Court ruling in favor of same-sex marriage. In a controlled experimental setting, we found that a favorable ruling, when pre...

Sustainable product innovation is a key issue facing agri-food companies to maintain and increase their competitiveness. Based on sample of 320 international for the period 2002–2017, this paper analyzes role that ownership structure capital play with regard sustainable as well whether these financing decisions differ depending firm's structure. The results indicate family-owned firms show an a...

This paper investigates the logical ties between investment, financing and dividends decisions, creating the coherence of these three strategic financial decisions of the firm. Basing on results of a questionnaire addressed to a number of financial managers of firms, a comparative survey between two investigations, one achieved at United States (by W.Pruitt and Y.Gitman on a sample of 114 firms...

While firm growth critically depends on financing ability and access to external capital, the operations management literature seldom considers the effects of financial constraints on the firms’ operational decisions. Another critical assumption in traditional operations models is that corporate managers always act in the firm owners’ best interests. Managers are, however, agents of the owners ...

Most of the operations management literature assumes that the firm can always finance production decisions at an optimal level or borrow at a constant interest rate; however, operational decisions are constrained by limited capital and often critically depend on external financing. This paper proposes an integrated corporate planning model, which extends the forecasting-based discount dividend ...

We show that measurable managerial characteristics have significant explanatory power for corporate financing decisions. First, managers who believe that their firm is undervalued view external financing as overpriced, especially equity financing. Such overconfident managers use less external finance and, conditional on accessing external capital, issue less equity than their peers. Second, CEO...