ABSTRACT
We examine whether social media criticisms posted by small investors can predict subsequent firm acquisition decisions. Specifically, we use textual analysis to examine the internet stock ...message board postings of 303 value-reducing acquisition attempts. Our empirical evidence shows that small investors' negative postings are able to predict a potential acquirer's subsequent decision to withdraw its attempt. We further find that this predictive ability increases with the information quality of postings, and that the predictive information extracted from social media is incremental to that captured by proposal announcement returns, conventional media coverage, analyst reports, and institutional investors' responses related to the proposed acquisition. Finally, we show that message board criticisms are also able to predict governance outcomes beyond acquisition decisions. Overall, our results are consistent with the notion that social media play a role in corporate governance by gathering crowd wisdom and uncovering additional value-relevant information.
JEL Classifications: G34; G14; M41.
Aristotle’s philosophical insights into ethics, wisdom and practice have drawn the attention of scholars. In the current professional context where ethics are often compromised, this debate assumes a ...necessary urgency. This subject is highly relevant to business schools, given the general neglect of this quality in executive management development. Our research involved an analysis of contemporary literature on phronesis in the management scholarship, practice and teaching domains. Our definition of phronesis identifies themes and paradoxes distilled from this literature. Stories are by nature multi-layered and paradoxical, embracing ambiguity and contradiction, so we incorporate narrative as essential to our enquiry. While it appears to be easily grasped, phronesis is complex, nuanced and paradoxical, seen as an unorganised set of characteristics in the management scholarship domain. We argue that the neglect of phronesis in modernity flows from the challenging nature of developing it, itself the consequence of its indistinctness. It calls for Einstein’s words “I would give my life for the simplicity on the other side of complexity”. This article argues that developing this virtue as a form of practical wisdom, should be an integral part of executive management development if we are to cultivate morally responsible leadership. A typology of managerial phronesis will encourage contextually appropriate leadership excellence based on the virtue-attributes of managers-as-scholars. The typology we propose is based on a Grounded Theory synthesis of relevant literature. We adopt a phenomenological stance. Through incorporating Grounded Theory second order themes, we offer a grainier understanding of the qualities of managerial phronesis.
Toward an Understanding of Wisdom in Nursing Matney, Susan A; Avant, Kay; Staggers, Nancy
Online journal of issues in nursing,
2015-Oct-30, Letnik:
21, Številka:
1
Journal Article
Recenzirano
As nurses, we seek to better understand how to gain nursing ‘wisdom’ and apply this wisdom in our daily practice. Yet the concept and experience of ‘wisdom in nursing practice’ has not been well ...defined. This article addresses wisdom-in-action for nursing practice. We briefly describe nursing theory, review the wisdom literature as presented in various disciplines, and identify characteristics of wisdom by analyzing four models of wisdom from other disciplines. We also present the ten antecedents of wisdom and the ten characteristics of wisdom identified in our analysis of the wisdom literature, discuss and summarize these antecedents, and conclude that understanding these ten antecedents and the ten characteristics of wisdom-in-action can both help nurses demonstrate wisdom as they provide nursing care and teach new nurses the process of becoming wise in nursing practice.
A truly holistic understanding of practice wisdom must be developed to address the contemporary crisis in social work and to cater to the multiple needs of non-European and non-Christian communities, ...in particular. I propose that the distinctiveness and professionalism of social work can be found in the intersubjective encounters between clients and self-actualised social workers. In applying the Chinese interpretation of wisdom (i.e. zhi hui), practice wisdom in social work helps social workers connect knowledge to the heart in reflective practice. This humanistic attitude and embodied practical sense can be cultivated only by engaging with clients in unconditional and person-centred social work relationships.
The soft knowledge involved in social work practice is tacit, intuitive, and embodied.
Practice wisdom is not a type of codifiable professional knowledge and is also not merely practice experiences. Rather, it is value-driven, context-specific, and highly personalised knowledge.
The worker-client alliance is at the heart of humanistic social work practice; it stipulates that real changes cannot be made without successful engagement in the intersubjective encounter between worker and client.
Studies of the sapiential traditions in the Fourth Gospel remain unfortunately insulated from recent research into the fluid relationship between wisdom and apocalypticism in early Judaism. The ...well-known connection made between wisdom and Torah in Sirach and Baruch leads many scholars to mischaracterize John’s perspective on Law as incongruous with Jewish sapientialism. However, appropriate consideration of the interconnection between wisdom and apocalypticism demonstrates the error of this characterization. This article compares the relationship between wisdom and Torah in 4QInstruction, the Wisdom of Solomon, and the Gospel of John. Both Wisdom and 4QInstruction offer instructive comparanda for the Fourth Gospel’s presentation of wisdom. The article proceeds in essentially two parts. First, I consider the role of the law in 4QInstruction and the Wisdom of Solomon, arguing that each of these very different texts subordinates the written law to a revealed heavenly wisdom. Then, in critical dialogue with the work of the late John Ashton, I reexamine the relationship between divine revelation and Torah in John and suggest that the Fourth Gospel is most fruitfully read as another example of the fluid boundaries between wisdom and apocalypticism in early Judaism.
The ancient virtue of practical wisdom has lately been enjoying a remarkable renaissance in management literature. The purpose of this article is to add clarity and bring synergy to the ...interdisciplinary debate. In a review of the wide-ranging field of the existing literature from a philosophical, theological, psychological, and managerial perspective, we show that, although different in terms of approach, methodologies, and justification, the distinct traditions of research on practical wisdom can indeed complement one another. We suggest a conciliatory conception of the various features of practical wisdom in management. This we take as a point of departure for a discussion of the significant implications of the subject for the theory and practice of management and for the direction of further research in the field.
Aim: This study evaluates the impact of organizational wisdom on interpersonal trust with the mediating role of emotioal intelligence.Method: The method according to purpose is Practical, in terms of ...data collection is Descriptive correlational. The population consists of 4700 employees at Kaveh industrial. Among them, 355 employees are selected based on stratified random sampling method as the sample size. To collect the data, standard questionnaires are used. After collecting the data, they are desescribed through the mean, standard deviation, by SPSS-21 software and data Statistical Inference is carried out through structural equation modeling with the help of LISREL-v8.80 software. Reliability and validity are confirmed the results show that the degree of appropriateness of proposed model is appropriate with regard to components research. Finding: The results of the study indicate that organizational wisdom has significant impact on interpersonal trust with the mediating role of emotioal intelligence among employees at Kaveh industrial city.
In this article, I argue that conventional views of intelligence and its measurement have contributed toward at least some of the societal problems of today. I suggest that to escape from a ...degenerative process, society needs to consider the importance not only of intelligence, as conventionally defined but also of successful intelligence, involving in addition to conventional analytical intelligence, common sense, creativity, and wisdom.
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