The Influence of Top Management Team’s Corporate Governance Orientation on Strategic Renewal Trajectories

Using the upper echelons perspective together with corporate governance and strategic renewal literature, this paper investigates how top managers’ corporate governance orientation influences a firm’s strategic renewal trajectories over time. Through both a qualitative analysis (1907-2004) and a quantitative analysis (1959-2004), we investigate this under-researched question within the context of a large incumbent firm: Royal Dutch Shell plc. Our results indicate that top managers having an Anglo-Saxon corporate governance orientation are more likely to pursue exploitative and external-growth strategic renewal trajectories, while those having a Rhine corporate governance orientation are more likely to pursue exploratory and internal-growth strategic renewal trajectories. We also found a positive moderating effect of the proportion of shareholders from the Anglo-Saxon countries on exploitative and external-growth strategic renewal trajectories. Our findings indicate that top managers’ corporate governance orientation can be an important antecedent of strategic renewal and of organisational ambidexterity, both of which influence corporate longevity.corporate governance;strategic renewal;exploitation and exploration;Royal Dutch Shell;top management team;upper echelons perspective

Coevolutionary Competence in the Realm of Corporate Longevity: How Long-lived Firms Strategically Renew Themselves

Understanding the phenomena of corporate longevity and self-renewing organizations has become an important topic in recent management literature. However, the majority of the research contributions focus on internal determinants of longevity and self-renewal. Using a co-evolutionary framework, the purpose of this paper is to address the dynamic interaction between organizations and environments in the realm of sustained strategic renewal, i.e. corporate longevity. To this end, we will focus on the competence of long-lived firms to coevolve due to the joint effect of managerial intentionality and environmental selection pressures. Building on coevolutionary framework, we develop a conceptual framework that highlights an organization’s coevolutionary competence. Two longitudinal case studies are presented illustrating the arguments.strategic renewal;corporate longevity;competence-based management;adaptive open systems;coevolutionary competence

Evaluation of the effect of TiC precipitates on the hydrogen trapping capacity of Fe-C-Ti alloys

The present work evaluates the hydrogen trapping behavior of different laboratory cast generic Fe-C-Ti martensitic alloys. Titanium carbides were precipitated in the materials by well-designed heat treatments. A quenched and tempered martensitic matrix with final strength above 1000 MPa was aimed for and verified by means of hardness measurements. Tempering allowed generating precipitates with different characteristics in terms of coherency, size and distribution due to the secondary hardening effect, as was evaluated by transmission electron microscopy. The hydrogen trapping capacity of the TiC precipitates was investigated by thermal desorption spectroscopy, while melt extraction was performed to determine the amount of hydrogen present after cathodic hydrogen charging. Generally, it could be concluded that the incoherent particles in the quenched material were not able to trap hydrogen, whereas the quenched and tempered material trapped hydrogen at the interface of small probably coherent TiC.</jats:p

On Local Equivalence, Surface Code States and Matroids

Recently, Ji et al disproved the LU-LC conjecture and showed that the local unitary and local Clifford equivalence classes of the stabilizer states are not always the same. Despite the fact this settles the LU-LC conjecture, a sufficient condition for stabilizer states that violate the LU-LC conjecture is missing. In this paper, we investigate further the properties of stabilizer states with respect to local equivalence. Our first result shows that there exist infinitely many stabilizer states which violate the LU-LC conjecture. In particular, we show that for all numbers of qubits $n\geq 28$, there exist distance two stabilizer states which are counterexamples to the LU-LC conjecture. We prove that for all odd $n\geq 195$, there exist stabilizer states with distance greater than two which are LU equivalent but not LC equivalent. Two important classes of stabilizer states that are of great interest in quantum computation are the cluster states and stabilizer states of the surface codes. To date, the status of these states with respect to the LU-LC conjecture was not studied. We show that, under some minimal restrictions, both these classes of states preclude any counterexamples. In this context, we also show that the associated surface codes do not have any encoded non-Clifford transversal gates. We characterize the CSS surface code states in terms of a class of minor closed binary matroids. In addition to making connection with an important open problem in binary matroid theory, this characterization does in some cases provide an efficient test for CSS states that are not counterexamples.Comment: LaTeX, 13 pages; Revised introduction, minor changes and corrections mainly in section V

The Mid-Infrared Emitting Dust Around AB Aur

Using the Keck I telescope, we have obtained 11.7 micron and 18.7 micron images of the circumstellar dust emission from AB Aur, a Herbig Ae star. We find that AB Aur is probably resolved at 18.7 micron with an angular diameter of 1.2" at a surface brightness of 3.5 Jy/arcsec^2. Most of the dust mass detected at millimeter wavelengths does not contribute to the 18.7 micron emission, which is plausibly explained if the system possesses a relatively cold, massive disk. We find that models with an optically thick, geometrically thin disk, surrounded by an optically thin spherical envelope fit the data somewhat better than flared disk models.Comment: ApJ in press, 4 color figure

A catalogue of low-mass X-ray binaries in the Galaxy, LMC, and SMC (Fourth edition)

We present a new edition of the catalogue of the low-mass X-ray binaries in the Galaxy and the Magellanic Clouds. The catalogue contains source name(s), coordinates, finding chart, X-ray luminosity, system parameters, and stellar parameters of the components and other characteristic properties of 187 low-mass X-ray binaries, together with a comprehensive selection of the relevant literature. The aim of this catalogue is to provide the reader with some basic information on the X-ray sources and their counterparts in other wavelength ranges ($\gamma$-rays, UV, optical, IR, and radio). Some sources, however, are only tentatively identified as low-mass X-ray binaries on the basis of their X-ray properties similar to the known low-mass X-ray binaries. Further identification in other wavelength bands is needed to finally determine the nature of these sources. In cases where there is some doubt about the low-mass nature of the X-ray binary this is mentioned. Literature published before 1 October 2006 has, as far as possible, been taken into account.Comment: 45 pages, catalogue include

Our Administrative System of Criminal Justice

To commemorate our founding in 1914, the Board of Editors has selected six influential pieces published by the Law Review over the past 100 years and will republish one piece in each issue. The fourth piece selected by the Board is Our Administrative System of Criminal Justice, an article written by Gerard E. Lynch that is among the most cited works in the Law Review’s history. This article illustrates how the practice of plea bargaining blurs the boundaries between adversarial and inquisitorial criminal justice systems. Judge Lynch now sits on the Second Circuit having eventually succeeded the late Judge Joseph M. McLaughlin, who also is honored in the pages of this book for the permanent mark he left on Fordham Law School and the Law Review. We think it is fitting that the Law Review feature two of the many contributions that judges of the Second Circuit have made to legal education and scholarship in this issue

Evidence for weak electronic correlations in Fe-pnictides

Using x-ray absorption and resonant inelastic x-ray scattering, charge dynamics at and near the Fe $L$ edges is investigated in Fe pnictide materials, and contrasted to that measured in other Fe compounds. It is shown that the XAS and RIXS spectra for 122 and 1111 Fe pnictides are each qualitatively similar to Fe metal. Cluster diagonalization, multiplet, and density-functional calculations show that Coulomb correlations are much smaller than in the cuprates, highlighting the role of Fe metallicity and strong covalency in these materials. Best agreement with experiment is obtained using Hubbard parameters $U\lesssim 2$eV and $J\approx 0.8$eV.Comment: 11 pages, 12 figure