IDEAS home Printed from https://ideas.repec.org/a/eee/reveco/v95y2024ics1059056024003782.html
   My bibliography  Save this article

Strategic-oriented multiteam system cohesion and enterprise investment decision: Evidence from CESIM platform online simulation experiment

Author

Listed:
  • Zhang, Yawei
  • Gao, Mengli
  • Zhuge, Jianping
  • Ye, Suyang

Abstract

Using CESIM platform financial data on the quality of enterprise investment decision, we assess the impact of strategic-oriented multiteam system cohesion (SOMTS cohesion) on the quality of enterprise investment decision. Based on the resource allocation theory, we found that only SOMTS social cohesion is positively associated with enterprise investment decision, but this impact decreased over the period. Further, team task cohesion moderates the effect in that the positive relationship between SOMTS task cohesion and enterprise investment decision is stronger when team task cohesion is low. The negative relationship between SOMTS task cohesion and enterprise investment decision is stronger when high team task cohesion. The study findings expand the application of multiteam systems theory, offering valuable guidance for executives and boards to enhance decision-making effectiveness from an interdependence perspective.

Suggested Citation

  • Zhang, Yawei & Gao, Mengli & Zhuge, Jianping & Ye, Suyang, 2024. "Strategic-oriented multiteam system cohesion and enterprise investment decision: Evidence from CESIM platform online simulation experiment," International Review of Economics & Finance, Elsevier, vol. 95(C).
    • Handle: RePEc:eee:reveco:v:95:y:2024:i:c:s1059056024003782
    DOI: 10.1016/j.iref.2024.103386
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1059056024003782
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.iref.2024.103386?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    2. Martin Gargiulo & Mario Benassi, 2000. "Trapped in Your Own Net? Network Cohesion, Structural Holes, and the Adaptation of Social Capital," Organization Science, INFORMS, vol. 11(2), pages 183-196, April.
    3. Powers, Joshua B. & McDougall, Patricia P., 2005. "University start-up formation and technology licensing with firms that go public: a resource-based view of academic entrepreneurship," Journal of Business Venturing, Elsevier, vol. 20(3), pages 291-311, May.
    4. Steven Boivie & Michael C. Withers & Scott D. Graffin & Kevin G. Corley, 2021. "Corporate directors' implicit theories of the roles and duties of boards," Strategic Management Journal, Wiley Blackwell, vol. 42(9), pages 1662-1695, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. O’Kane, Conor & Mangematin, Vincent & Geoghegan, Will & Fitzgerald, Ciara, 2015. "University technology transfer offices: The search for identity to build legitimacy," Research Policy, Elsevier, vol. 44(2), pages 421-437.
    2. Ghafoor, Abdul & Zhichuan, Frank Li & Yousaf, Imran, 2024. "Co-opted Boards and Corporate Cash Holdings," CAFE Working Papers 27, Centre for Accountancy, Finance and Economics (CAFE), Birmingham City Business School, Birmingham City University.
    3. Bettinelli, Cristina & Del Bosco, Barbara & Gentry, Richard J. & Dibrell, Clay, 2023. "The influence of board social activity on firm performance," Journal of Family Business Strategy, Elsevier, vol. 14(2).
    4. Stefano Bonini & Justin Deng & Mascia Ferrari & Kose John & David Gaddis Ross, 2022. "Long‐tenured independent directors and firm performance," Strategic Management Journal, Wiley Blackwell, vol. 43(8), pages 1602-1634, August.
    5. Conor O'Kane & Vincent Mangematin & Will Geoghegan & Ciara Fitzgerald, 2015. "University Technology Transfer offices : the search for identity to build legimacy," Post-Print hal-01072998, HAL.
    6. Miguel Meuleman & Andy Lockett & Sophie Manigart & Mike Wright, 2010. "Partner Selection Decisions in Interfirm Collaborations: The Paradox of Relational Embeddedness," Journal of Management Studies, Wiley Blackwell, vol. 47(6), pages 995-1019, September.
    7. Pedro Torres, 2024. "Configurations of corporate governance mechanisms and sustainable development," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(4), pages 2900-2909, July.
    8. Brandes, Leif & Brechot, Marc & Franck, Egon, 2015. "Managers’ external social ties at work: Blessing or curse for the firm?," Journal of Economic Behavior & Organization, Elsevier, vol. 109(C), pages 203-216.
    9. Carolin Bock & Christian Landau & Moritz Orendt & Maximilian Schmidt, 2018. "Are Public Financing Schemes Beneficial For University Spin-Offs And The Technology Transfer Of Innovations?," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 22(06), pages 1-30, August.
    10. Mukherji, Ananda & Wright, Peter & Mukherji, Jyotsna, 2007. "Cohesiveness and goals in agency networks: Explaining conflict and cooperation," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 36(6), pages 949-964, December.
    11. Damiano Bonardo & Stefano Paleari & Silvio Vismara, 2011. "Valuing University–Based Firms: The Effects of Academic Affiliation on IPO Performance," Entrepreneurship Theory and Practice, , vol. 35(4), pages 755-776, July.
    12. Christian Sandström & Karl Wennberg & Martin W. Wallin & Yulia Zherlygina, 2018. "Public policy for academic entrepreneurship initiatives: a review and critical discussion," The Journal of Technology Transfer, Springer, vol. 43(5), pages 1232-1256, October.
    13. Kolympiris, Christos & Kalaitzandonakes, Nicholas & Miller, Douglas, 2015. "Location choice of academic entrepreneurs: Evidence from the US biotechnology industry," Journal of Business Venturing, Elsevier, vol. 30(2), pages 227-254.
    14. Mohammed T. Abusharbeh, 2024. "Technology-Profitability Paradox in Banking Sector: Evidence from Palestine," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(3), pages 14855-14873, September.
    15. Yeon‐Koo Che & Kathryn E. Spier, 2008. "Strategic judgment proofing," RAND Journal of Economics, RAND Corporation, vol. 39(4), pages 926-948, December.
    16. Hasan, Iftekhar & Lozano-Vivas, Ana, 2002. "Organizational Form and Expense Preference: Spanish Experience," Bulletin of Economic Research, Wiley Blackwell, vol. 54(2), pages 135-150, April.
    17. Fabbri, Daniela & Menichini, Anna Maria C., 2016. "The commitment problem of secured lending," Journal of Financial Economics, Elsevier, vol. 120(3), pages 561-584.
    18. Xueyan Dong & Jingyu Gao & Sunny Li Sun & Kangtao Ye, 2021. "Doing extreme by doing good," Asia Pacific Journal of Management, Springer, vol. 38(1), pages 291-315, March.
    19. Khémiri, Wafa & Noubbigh, Hédi, 2020. "Size-threshold effect in debt-firm performance nexus in the sub-Saharan region: A Panel Smooth Transition Regression approach," The Quarterly Review of Economics and Finance, Elsevier, vol. 76(C), pages 335-344.
    20. Shaikh, Ibrahim A. & O'Brien, Jonathan Paul & Peters, Lois, 2018. "Inside directors and the underinvestment of financial slack towards R&D-intensity in high-technology firms," Journal of Business Research, Elsevier, vol. 82(C), pages 192-201.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:reveco:v:95:y:2024:i:c:s1059056024003782. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/620165 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.