Vlerick Repository
Not a member yet
7319 research outputs found
Sort by
Academy of Management Proceedings
No full textOrganizational justice is a powerful predictor of employee and survivor reactions to layoffs. However, less is known about the perspective of managers during layoffs, who often feel responsible for fairness violations. Drawing on cognitive appraisal theory, we argue that managers’ perceptions of the procedural justice of layoffs influence the extent to which they assess the task of having to lay-off people as a stressor, and that the quality of the relationship between the manager and laid-off employees attenuates the positive effect of procedural justice. We propose a serial mediation whereby managers’ exit intentions after layoffs are influenced by their well-being, which in turn is influenced by their sense of control, and, ultimately by their perceptions of procedural justice. Finally, we argue that relationship quality moderates the serial mediation such that it weakens the positive effect of procedural justice on managers’ well-being through sense of control. We test our hypotheses in a field study of 79 managers in an organization undergoing change and in a scenario study (N=302). Our results confirm the positive effects of procedural justice during layoffs on managerial well-being through sense of control. Close relationships with the affected employees weaken the positive effect of procedural justice on perceptions of control
Op weg naar een duurzame gezondheidszorg in België
No full textHet centrale thema van de 9de Vlerick Healthcare Conference, die plaats vond op 27 oktober 2022, was duurzaamheid in de gezondheidszorg. De nieuwste inzichten uit de academische en professionele wereld werden gedeeld in een bruisende, interactieve setting met plenaire lezingen en thematische sessies. Professor Brecht Cardoen (Vlerick Healthcare Management Centre), researcher Esther Van Haute en Julie Leblanc (Vlerick Alumni Healthcare Club) blikken terug
Applications of cost variability in medical treatments: a value-based healthcare perspective
No full textDecision-making on ESG criteria in executive remuneration: Board perspectives
No full textThis white paper investigates how boards decide on the inclusion of ESG (environmental – social – governance) criteria in executive incentive systems. ESG-driven incentives relate executive remuneration to a firm’s societal responsibilities and towards a broader set of stakeholders such as local communities, employees, customers, and the environment. Listed firms are increasingly adopting these criteria, but several important questions still remain regarding the reasons why boards adopt them and the challenges they face
Automated design of priority rules for resource-constrained project scheduling problem using surrogate-assisted genetic programming
No full textFour surrogate models for the RCPSP are proposed.•
The use of surrogate models can achieve similar performance as the original model.•
The runtime for the training process can be reduced by 60%.•
All the proposed models have a high accuracy.In the past few years, the genetic programming approach (GP) has been successfully used by researchers to design priority rules for the resource-constrained project scheduling problem (RCPSP) thanks to its high generalization ability and superior performance. However, one of the main drawbacks of the GP is that the fitness evaluation in the training process often requires a very high computational effort. In order to reduce the runtime of the training process, this research proposed four different surrogate models for the RCPSP. The experiment results have verified the effectiveness and the performance of the proposed surrogate models. It is shown that they achieve similar performance as the original model with the same number of evaluations and better performance with the same runtime. We have also tested the performance of one of our surrogate models with seven different population sizes to show that the selected surrogate model achieves similar performance for each population size as the original model, even when the searching space is sufficiently explored. Furthermore, we have investigated the accuracy of our proposed surrogate models and the size of the rules they designed. The result reveals that all the proposed surrogate models have high accuracy, and sometimes the rules found by them have a smaller size compared with the original model.This work is supported in part by the scholarship from China Scholarship Council (CSC) under the Grant CSC No. 201708210261
The boundary conditions for growth: Exploring the non-linear relationship between organic and acquisitive growth and profitability
No full textThe nature of the relationship between growth and profitability remains inconclusive, despite prior research. To contribute to a better understanding of the growth-profitability relationship, we examine its non-linear character. We achieve this by deconstructing growth into organic and acquisitive modes, and by theorizing how the particular costs and benefits of each mode affect the profitability, which we measure as return on assets. Furthermore, we propose that the interaction of these two modes can also affect profitability. By studying these relationships with a panel data set of established German firms during a 13-year period, we uncover an inverted U-shaped relationship between growth and profitability that is mainly driven by acquisitive growth. These decreasing returns at higher levels of acquisitive growth are related to the higher internal costs of managing acquisitions. Consistent with our logic, we find that organic growth has a declining positive profitability effect. The interaction of both growth modes also shows that increasing acquisitive growth negatively impacts the positive effect of organic growth on profitability
Corporate Finance
No full textThis textbook discusses the sources of funding and capital structure of corporations (excluding financial institutions). After an introduction on the objectives and functions of corporate finance, the following topics are covered: investment analysis and minimum investment return requirement, capital structure and dividend policy, long- and medium-term financing, working capital valuation, international financial policy, and other specific financial topics. - The authors link theoretical insight to practical cases. - Written for financial professionals and (post)university students
Being (like) a leader. Essays on the effects of leaser identity through a social identity lens
Get PDFAlthough research on leader identity has been ongoing for twenty years, there are still considerable gaps in the literature, in particular related to its potential drawbacks. This dissertation employs social identity theory to examine the effects of having or lacking a leader identity on managers, non-managers, and their surroundings. While our research strengthens existing research on the benefits of having a leader identity, it also presents an argument for a more nuanced approach, acknowledging that having a leader identity may also lead to unwanted outcomes. These findings not only enhance our understanding of leader identity but also contribute to the broader leadership and organizational behavior literatures, including research streams on leadership behavior, performance, well-being and impression management
The Palgrave Encyclopedia of Private Equity
No full textPrivate equity (PE)-backed buyouts are transactions in which a business or business units are acquired from its current shareholders by a PE investor together with the management team (Gilligan and Wright 2014; Renneboog and Vansteenkiste 2017), and in which the PE investor typically becomes the majority shareholder. PE investors are professional investors who invest in private companies with the aim to create value in the medium term, through enhancing governance, providing strategic advice and access to networks (Manigart et al. 2022). As they rely on the management team to execute the value creation process, agency problems may arise between PE investors as principals and the management as agents (Jensen 1989). To mitigate potential agency problems, elaborate contracts are negotiated between PE investors and management, but also between the buyers and the sellers...
