WHY DO COMPANIES GO WOKE?

被引:18
|
作者
Foss, Nicolai J. [1 ]
Klein, Peter G. [2 ,3 ]
机构
[1] Copenhagen Business Sch, Strategy & Org, Frederiksberg, Denmark
[2] Baylor Univ, Entrepreneurship, Waco, TX 76798 USA
[3] Norwegian Sch Econ, Bergen, Norway
关键词
STAKEHOLDER THEORY; MANAGEMENT; STRATEGY; MODEL; ENTRENCHMENT; CORPORATIONS; LEGITIMACY; IDEOLOGY; STATE; POWER;
D O I
10.5465/amp.2021.0201
中图分类号
F [经济];
学科分类号
02 ;
摘要
'' Woke '' companies are those that are committed to socially progressive causes, with a particular focus on diversity, equity, and inclusion as these terms are understood through the lens of critical theory. There is little evidence of systematic support for woke ideas among executives and the population at large, and going woke does not appear to improve company performance. Why, then, are so many firms embracing woke policies and attitudes ? We suggest that going woke is an emergent strategy that is largely shaped by middle managers rather than owners, top managers, or employees. We build on theories from agency theory, institutional theory, and intraorganizational ecology to argue thatwokeness arises frommiddlemanagers and support personnel using their delegated responsibility and specialist status to engage in woke internal advocacy, which may increase their influence and job security. Broader social and cultural trends tend to reinforce this process. We discuss implications for organizational behavior and performance, including perceived corporate hypocrisy ('' woke-washing ''), the potential loss of creativity from restricting viewpoint diversity, and the need for companies to keep up with a constantly changing cultural landscape.
引用
收藏
页码:351 / 367
页数:17
相关论文
共 50 条
  • [1] Why do companies go public? An empirical analysis
    Pagano, M
    Panetta, F
    Zingales, L
    [J]. JOURNAL OF FINANCE, 1998, 53 (01): : 27 - 64
  • [2] Why do companies go public? An empirical analysis
    Pagano, M
    Panetta, F
    Zingales, L
    [J]. JOURNAL OF FINANCIAL INTERMEDIATION, 1996, 5 (02) : 218 - 218
  • [3] Why do companies go public? An empirical analysis.
    Pagano, M
    Panetta, F
    Zingales, L
    [J]. JOURNAL OF FINANCE, 1996, 51 (03): : 1064 - 1065
  • [4] Why companies go astray
    Hanson, D
    [J]. CHEMICAL & ENGINEERING NEWS, 1999, 77 (29) : 9 - 9
  • [5] Why Do Companies Go Public? Evidence from the Prague Stock Exchange
    Skalicka, Martina
    Zinecker, Marek
    Balcerzak, Adam P.
    Meluzin, Tomas
    [J]. ENTREPRENEURIAL BUSINESS AND ECONOMICS REVIEW, 2019, 7 (01) : 181 - 199
  • [6] Why good companies go bad
    Sull, DN
    [J]. HARVARD BUSINESS REVIEW, 1999, 77 (04) : 42 - +
  • [7] Why do companies go public in Sri Lanka? A mixed-method approach
    Riyath, Mohamed Ismail Mohamed
    Dayaratne, Debeharage Athula Indunil
    [J]. QUALITATIVE RESEARCH IN FINANCIAL MARKETS, 2024,
  • [8] Why do companies choose to go IPOS? New results using data from Taiwan
    Shen Y.-P.
    Wei P.
    [J]. Journal of Economics and Finance, 2007, 31 (3) : 359 - 367
  • [9] WHY DO COMPANIES PAY DIVIDENDS
    FELDSTEIN, M
    GREEN, J
    [J]. AMERICAN ECONOMIC REVIEW, 1983, 73 (01): : 17 - 30
  • [10] Why do companies issue sukuk?
    Klein, Paul-Olivier
    Weill, Laurent
    [J]. REVIEW OF FINANCIAL ECONOMICS, 2016, 31 : 26 - 33