Unlike other products or services, electricity cannot be easily stored, and its delivery cannot be delayed by keeping customers in queues. The electricity supply has to be instantly available to serve a continuously varying demand. Traditionally, electric utilities would match their supply to the demand by adjusting the production output...
This dissertation project uses both quantitative and qualitative analytical approaches to examine the dynamics of responsible investing in financial markets. The first chapter investigates how the institutionalization of responsible investing as a business strategy affects category claims made by mutual funds. The study finds that as the divestment movement in...
This dissertation consists of three essays on corporate governance. In the first essay of the dissertation (“The Effects of Succession Planning on CEO Succession Events: Implications for Both Focal and Competing Firms”), I examine whether and how both focal and competing firms are affected by sudden CEO deaths. By using...
What is the role of entrepreneurship – a predominantly market-based approach – in addressing social problems such as inequality and social exclusion? How do entrepreneurial organizations with a distinctly social purpose (often referred to as hybrid organizations) manage additional imperatives, such as those related to democratic governance? Based on 70...