Dr Ithai Stern, Kellogg School of Management

This paper brings together two complementary research streams that have largely ignored each other: strategic human resource management and media relations management. We argue that when publicly traded firms voluntarily and publicly disclose positive information about their value creation and appropriation activities, they also send positive signals to managerial labour markets regarding executives’ opportunity recognition and exploitation capabilities. Accordingly, we hypothesise a positive association between public disclosures and voluntary executive turnover. An analysis of a sample of pharmaceutical and communications equipment firms from 1990 to 2004 strongly supports this prediction, underscoring the need to better understand the effects of voluntary public disclosures on a firm’s ability to isolate its human capital and protect it from expropriation by rivals. More generally, our results show how a firm’s efforts to create value may ironically diminish its ability to realise that value later on.

This seminar is organised in association with the Cambridge Corporate Governance Network (CCGN).

Speaker bio

Ithai Stern is an Assistant Professor of Management and Organizations at Kellogg School of Management. His research focuses on factors that shape executives’ strategic choices regarding their organisation’s evolution, corporate governance, and relationships with other organisations, and how, in turn, these choices affect their organisation’s ability to adapt, survive, and prosper in changing environments. Professor Stern’s research has been published in leading journals including Administrative Science Quarterly, Academy of Management Journal, and Strategic Management Journal. His paper “Flattery will get you everywhere (especially if you are a male Caucasian): how ingratiation, boardroom behavior, and demographic minority status affect the likelihood of gaining board appointments at U.S. companies” (with J.D. Westphal) is one of three finalists being considered to receive the Best Paper Award from the Academy of Management Journal, to be given to the paper judged to be the best among those published in 2007. He received his PhD in strategic management from the University of Texas at Austin.

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Room W2.01 (Cambridge Judge Business School)
Trumpington St
Cambridge
CB2 1AG

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Date: 7 May 2014
Start Time: 11:00
End Time: 12:00

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Open to: Dr Ithai Stern, Kellogg School of Management This paper brings together two complementary research streams that have largely ignored each other: strategic …

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Event location


Trumpington St
Cambridge
CB2 1AG

Event timings

Date: 7 May 2014
Start Time: 11:00
End Time: 12:00