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Mariateresa Torchia

Portait de Mariateresa Torchia
Statut(s) Professeur associé (associate professor)
École International University of Monaco
Date de recrutement 01.01.2018
Axe de recherche Inseec U Création & Innovation

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Portait de Mariateresa Torchia

Publications

    • Mariateresa Torchia
    • Article classé
    • Création & Innovation
    • Forthcoming

    Understanding the Main Drivers of Family Firm Longevity: The Role of Business Family Learning

    Through an exploratory study of three long-standing German family firms, we propose a theoretical framework to study family firm longevity. Whereas research so far has mainly focused on the firm level of analysis, this study aims to elucidate the role of the business family learning in the longevity of these long-standing family firms. Moreover, the business family is considered as an independent organizational entity capable of learning and developing. Drawing upon the concept of organizational learning, we find higher-level learning as a vehicle for defining the purpose of the business family – transgenerational control – and the implementation of necessary structures – succession processes. Lower-level learning ensures these successions processes are adaptable to environmental changes. Implications for theory and practice are discussed.

    • Revue(s) International Studies on Management and Organization
    • Classement(s) FNEGE 3, CNRS 3, HCERES B
    • Domenico Campa
    • Article non-classé
    • Transitions sociétales et comportements émergents
    • 2020

    Founder Succession and Firm Performance in the Luxury Industry

    Top management succession may be a real threat for the long-term profitability of companies, in particular when it involves the founder whose name also identifies their brand and their products. This is extremely important in the luxury sector where loyalty, trust and the image of brands in consumers’ minds may be affected by the succession process, especially when the founder has no direct heir to ensure continuity of the family firm. Through an analysis of three case studies, as well as a questionnaire distributed to active consumers of luxury products, this study aims to understand whether and how a brand can successfully survive after the death of its founder and whether the purchasing behaviour of customers changes after a founder succession takes place. Our findings reveal that the lack of a clear and structured succession plan may significantly threaten the survival of companies. In addition, our evidence indicates that the purchasing intention of luxury consumers is linked more to the bond and the values that they share with the founder than to the quality of the goods purchased. Accordingly, our results provide insights and suggestions concerning the optimal approach to follow when companies with heirless founders are planning a succession and highlights that the success and the survival of such entities is linked to consumers’ perceptions of the extent to which there is continuity and alignment between the values of the founder and those of their successors.

    • Co-auteur(s) Campa D., Torchia M., Marcheselli C.R.C., Sargenti P.
    • Revue(s) Corporate Ownership & Control, 17(2), 88-96.
    • Mariateresa Torchia
    • Article classé
    • Création & Innovation
    • 2019

    Open Innovation in SMEs: A Systematic Literature Review

    The aim of this article is to assess the current state of research on open innovation in SMEs to understand why and how SMEs do open innovation. Stemming from a systematic literature review of 73 articles published in peer-reviewed journals, from 1983 to 2017, we identify five main research focuses on open innovation in SMEs. Directions for future studies on open innovation in SMEs are provided in this article.

    • Co-auteur(s) Torchia M., Calabro A.
    • Revue(s) Journal of Enterprising Culture, Vol. 27, PP 201-208
    • Classement(s) FNEGE 4, CNRS 4, HCERES C
    • Mariateresa Torchia
    • Article classé
    • Risque, prévisions et évaluations en univers complexe
    • 2019

    What impact does equity crowdfunding have on SME innovation and growth? An empirical study

    We examine the impact of equity crowdfunding on innovation and growth opportunity within small- and medium-sized enterprises. While previous studies have generally focused on the realm of crowdfunding and how it can close the financing gap for small firms, recent academic attention has turned toward assessing the outcome of equity crowdfunding, measured in terms of successes (or failures) in post-campaign firm financing. Using data from Fame BVD for small firms operating in the UK, we investigate whether equity crowdfunding can act as a catalyst for innovation and growth. The findings show that crowdfunding does not have a significant influence on innovation in small firms, thereby disproving the proposition that the use of crowdfunding leads to an increase in innovation. Nonetheless, crowdfunding does have an impact on the growth opportunity of small firms, with a strong positive correlation. Our further tests on return on assets models and propensity score and controlled firm-matching models show a positive impact of crowdfunding on small firms’ performance. We also discuss the implications of our findings for small firms’ use of equity crowdfunding for business growth opportunities.

    • Co-auteur(s) Eldridge D., Nisar T., Torchia M.
    • Revue(s) Small Business Economics, pp 1-16
    • Classement(s) FNEGE 2, CNRS 2, HCERES A
    • Mariateresa Torchia
    • Article classé
    • Création & Innovation
    • 2019

    Family ownership concentration and firm internationalization: integrating principal-principal and socioemotional wealth perspectives

    The inherent heterogeneity characterizing the universe of family firms, especially because of the existence of different family ownership “constellations,” might explain the highly inconsistent results of the effect of family ownership on internationalization outcomes. Stemming from a principal-principal perspective, the aim of this study is to understand whether and how different levels of family ownership concentration affect the degree of firms’ internationalization. We test our main hypotheses on a sample of 455 German family firms. Our main findings suggest the existence of a U-shaped relationship between family ownership concentration and the degree of a family firm’s internationalization. Furthermore, we consider the moderating effect of socioemotional wealth (SEW) and hypothesize that a higher degree of identification of family members with the firm may reduce the negative effects of an equal distribution of family ownership among family members. We find that SEW moderates the U-shaped relationship in such a way that family firms with an equal distribution of shares among the main family shareholders reach higher degrees of internationalization when the level of SEW is high.

    • Co-auteur(s) Santulli R., Torchia M., Calabro A., Gallucci C.
    • Revue(s) Journal of International Entrepreneurship, Vol. 17, Issue 2, pp 220–248
    • Classement(s) FNEGE 4, CNRS 3, HCERES B
    • Mariateresa Torchia
    • Article classé
    • Risque, prévisions et évaluations en univers complexe
    • 2019

    Do boards of directors foster strategic change? A dynamic managerial capabilities perspective

    The purpose of this study is to understand the dynamic relationships between managerial human capital, dynamic managerial capabilities and strategic change within boards of directors. Building on the dynamic managerial capabilities perspective and upper echelons theory, we theorize and investigate the impact of managerial human capital on strategic change as well as the mediating role of boards’ sensing, seizing and reconfiguring abilities, defined as dynamic managerial capabilities. The hypotheses are tested on a sample of 606 Norwegian firms. The main findings suggest that while managerial human capital positively impacts strategic change, boards’ sensing and seizing abilities (not reconfiguring) positively mediate the relationship between human capital and strategic change. Implications for theory and practice are discussed.

    • Co-auteur(s) Alberg C., Torchia M.
    • Revue(s) Journal of Management and Governance, pp 1–30
    • Classement(s) FNEGE 4
    • Mariateresa Torchia
    • Article classé
    • Risque, prévisions et évaluations en univers complexe
    • 2019

    Whistleblowing: When do employees act to ‘blow the whistle’?

    The importance of eliminating fraud, illegal activities and generally unethical practices has always been of paramount significance in the corporate world. Thus, whistleblowing has become ever more important. Over the past years, organizations have adopted certain practices in order to encourage a greater number of employees to report misconducts; it would therefore be intriguing to anticipate whether there is any gender association with whistleblowing. This research illustrates the differences in gender by highlighting the reasons that could exist behind these assumptions. Particularly, the purpose of this paper is to afford insights into whistleblowing in medium to large organizations, and to determine whether there are any differences in how whistleblowing manifests. Particularly, we analyze how gender differences might affect an individual’s decision to ‘blow the whistle’, with a focus on under what circumstances employees may feel the need to act accordingly. Our findings show that women are more likely to whistleblow than men based on their character traits of emotional, fair and caring. However, results also prove that both genders are aware that whistleblowing is sometimes necessary thus supporting that they should do it. Limited prior literature combining gender and whistleblowing reflects the originality of this research and how future research can build on these findings.

    • Co-auteur(s) Nisar T., Prabhakar G., Torchia M.
    • Revue(s) Organizational Dynamics, 2019 48(1), 44-49.
    • Classement(s) FNEGE 2, CNRS 2, HCERES A
    • Mariateresa Torchia
    • Article classé
    • Risque, prévisions et évaluations en univers complexe
    • 2018

    Family ownership goals and socioemotional wealth: evidence from Finnish family firms

    By focusing on family owners’ perceptions and dynamics the aim of this paper is to understand the specific goals associated to their ownership status and whether and to what extend they impact on family firms’ growth and continuity. We use survey data on Finnish family firms and identify a set of differentiated family owners’ goals. Our findings contribute to the debate on differentiating socioemotional wealth by untangling the existence of variations in family principals’ goal setting and the importance to also consider that financial motives could determine family owners’ goals.

    • Co-auteur(s) Torchia M., Rautiainen M. , Calabro A., Ikaheimonen T. , Pihkala T.
    • Revue(s) Journal of Enterprise Culture, Vol. 26, Issue 2, PP 207-224
    • Classement(s) FNEGE 4, CNRS 4, HCERES C
    • Mariateresa Torchia
    • Article classé
    • Transitions sociétales et comportements émergents
    • 2018

    Women directors contribution to organizational innovation: A behavioral approach

    This paper aims to analyze the relationships between women directors (a demographic characteristic) and organizational innovation (a predictor of firm performance) by considering the mediating role of the board’s decision-making culture. To scrutinize board processes and behaviors, we use survey data to test our hypotheses on a sample of 341 Norwegian firms. The results suggest that women directors contribute positively and significantly to organizational innovation. Furthermore, the positive relationship between women directors and the level of organizational innovation is mediated by some decision-making culture dimensions: the degree of cognitive conflict and the degree of preparation and involvement during board meetings. Implications for theory and practice and future research directions are discussed.

    • Co-auteur(s) Torchia M., Calabro A., Kanadli S., Gabaldon P.
    • Revue(s) Scandinavian Journal of Management, Vol. 34, Issue 2, pp 215-224
    • Classement(s) FNEGE 3, CNRS 3, HCERES B
    • Mariateresa Torchia
    • Article classé
    • Transitions sociétales et comportements émergents
    • 2018

    Increasing the Governance Standards of Public-Private Partnerships in Healthcare. Evidence from Italy

    Healthcare systems have changed rapidly in the past few decades due to increasing healthcare costs and decreasing governmental budgets. The structural complexity, huge numbers of actors and long-term relationships inherent to PPPs bring out several governance issues. Based on the principles of good governance for PPPs published by the United Nations Economic Commission for Europe (UNECE) in 2008, we try to answer the following research question: How can the governance standards of PPPs be increased? This paper aims to explore issues of governance, management and policy design as they apply to PPPs in healthcare services. The evidence from a single case-study (the New Mestre Hospital) is presented and discussed. The main findings are that, despite its great success, the analysed PPP does have some governance problems that need to be addressed. Concluding remarks and insights for future research directions are then presented.

    • Co-auteur(s) Torchia M., Calabro A.
    • Revue(s) Public Organization Review, 2018, 18(1), 93-110
    • Classement(s) FNEGE 3, CNRS 4, HCERES B
    • Mariateresa Torchia
    • Article classé
    • Transitions sociétales et comportements émergents
    • 2018

    Increasing women’s contribution on board decision making: The importance of chairperson leadership efficacy and board openness

    In the last decade, the number of women on corporate boards has increased slightly, but the prevailing minority status of women directors implies that they will continue to face social barriers. While prior research has largely focused on explaining social barriers (e.g., being categorized as an out-group member) to increase diversity and its negative consequences, how boards can avoid these obstacles remains unclear. Stemming from recategorization theory, we examine whether and to what extent board chairperson leadership efficacy and board openness (as mechanisms to avoid out-group bias) enhance the influence of women when they are in the minority in board decision-making. In a sample of 146 Norwegian firms, we found a positive relationship between women minorities and women directors’ contribution to board decision-making. Moreover, we found that this positive impact increases when the board chairperson exercises leadership and the board operates in an atmosphere of openness

    • Co-auteur(s) Kanadli S., Torchia M., Gabaldon P.
    • Revue(s) European Management Journal, 2018, 36(1), 91-104
    • Classement(s) FNEGE 3, CNRS 3, HCERES B
    • Mariateresa Torchia
    • Article classé
    • Transitions sociétales et comportements émergents
    • 2017

    Increasing the Number of Women on Boards: The Role of Actors and Processes

    Abstract

    Understanding the spread of national public policies to increase the percentage of women on boards is often presented using different types of institutional theory logic. However, the importance of the political games influencing these decisions has not received the same attention. In this article, we look beyond the institutional setting by focusing on the role of actors. We explore processes that include who the critical actors that drive and determine these policies are, and what motivates them to push for change. We employ a processual design approach using a longitudinal country-comparative case study exploring the case of Norway, England, Germany and Italy. We map the political games, both inside and outside legislative areas, including the micro-politics among various actors and groups of actors in the selected countries. Data are collected through participation observations, interviews and text analyses. The study contributes by filling important gaps in the literature by embedding the discussion about women on boards in politicking and national public policies and by introducing dynamic perspectives. Finally, by using a processual design approach, we capture the reality of the women on board debates at different points of time and in different actor and motivational contexts. The study has consequences for how policy-makers and businesses may follow up and act, based on the debates.

    • Co-auteur(s) SEIERSTAD C., WARNER-SODERHOLM G., HUSE M.
    • Revue(s) Journal of Business Ethics, 2017,141( 2), 289–315
    • Classement(s) FNEGE 2, CNRS 2, HCERES A
    • Mariateresa Torchia
    • Article classé
    • Risque, prévisions et évaluations en univers complexe
    • 2016

    What Does Really Matter in the Internationalization of Small and Medium‐Sized Family Businesses?

    Abstract

    Internationalization of family businesses is often considered a way to revitalize both the family and the business. However, the debate on its challenges and constraints is still inconclusive. This study explores whether incoming generations' involvement impacts the decision to exploit and explore international opportunities and to what extent altruism and competence‐based trust mediate that relationship. Three propositions are formulated drawing from international entrepreneurship literature and stewardship theory. To validate this framework, a multiple case study on four Italian family firms has been conducted. Implications for theory and practice are finally discussed.

    • Co-auteur(s) CALABRO A., BROGI M.
    • Revue(s) Journal od Small Business Management, 2016, 54(2), 679–696
    • Classement(s) FNEGE 2, CNRS 2, HCERES A
    • Mariateresa Torchia
    • Article non-classé
    • Risque, prévisions et évaluations en univers complexe
    • 2016

    Board of directors and financial transparency and disclosure. Evidence from Italy

    Abstract

    The purpose of this paper is to examine the link between board of directors’ composition (independent directors’ ratio, board size, CEO-duality) and financial transparency and disclosure (T&D).
    Design/methodology/approach

    The paper analyzes board composition and financial T&D of Italian listed companies using multiple linear regression analysis.
    Findings

    The results of this paper show a significant link between board composition and the level of financial T&D. In particular, the authors found a positive and significant relationship between the independent directors’ ratio and the level of financial T&D and a negative relationship between board size and the level of financial T&D.
    Research limitations/implications

    While this paper focuses on a sample of 100 Italian listed companies, the authors acknowledge the importance of extending the results to other national context and to other type of firms (e.g. non-listed firms or SMEs). Moreover, while this paper concerns the amount of information disclosed by firms, it does not look at the quality or accuracy of disclosure.
    Practical implications

    This paper reveals the importance of evaluating the effectiveness of corporate governance mechanisms (such as board composition) in enhancing the level of financial T&D. Indeed, the authors provide some indications to firms to improve their internal governance mechanisms (e.g. the importance of high proportion of independent directors and of small- and medium-sized boards of directors).
    Originality/value

    This paper provides interesting insights to firms which are under pressure to improve the level of information to stakeholders. Moreover, has the level of information that is not legally required vary among companies and countries, the authors shed light on a context characterized by high level of ownership concentration, where firms can experience different types of conflict of interests.

    • Co-auteur(s) CALABRO A.
    • Revue(s) Corporate Governance' 2017 16 (3), 593-608
    • Mariateresa Torchia
    • Article classé
    • Création & Innovation
    • 2015

    Board of directors’ diversity, creativity, and cognitive conflict: The role of board members’ interaction

    Abstract

    In this study, we examine the relationship between board diversity in terms of member background and personality (deep-level diversity) and board creativity and cognitive conflict, controlled for the mediating role of board members’ interactions. Using a sample of 385 Norwegian companies, the results provide strong support for the notion that the higher the level of board diversity with respect to the board members’ backgrounds and personalities, the higher the degree of board creativity and cognitive conflict during the decision-making process. Moreover, our empirical evidence supports the mediating role of interactions among board members. The study supports the increasing importance of going beyond “surface level diversity” (e.g., diversity in term of gender) and investigating characteristics that are less visible and that are labelled “deep-level” diversity attributes.

    • Revue(s) International Studies of Management & Organization, 2015, 45 (1), 6-24
    • Classement(s) FNEGE 3, CNRS 3, HCERES B
    • Mariateresa Torchia
    • Article classé
    • Risque, prévisions et évaluations en univers complexe
    • 2015

    Public–Private Partnerships in the Health Care Sector: A systematic review of the literature

    Abstract

    Public–private partnerships (PPPs) have become popular worldwide as a way of improving health care service delivery. In order to enhance our knowledge of PPPs in the health care sector, we conduct a systematic review of forty-six articles published in peer-reviewed journals for the period of 1990–2011. Six lines of research in the PPP domain are identified: effectiveness, benefits, public interest, country overview, efficiency and partners. The main findings suggest that although PPPs are used to address internationally emerging public health issues, questions as to their actual effectiveness, efficiency and convenience, still remain unanswered. We propose viable recommendations and ideas for future research.

    • Co-auteur(s) CALABRO A., MORNER M.
    • Revue(s) Public Management Review, 2015, 2017(1), 236-261
    • Classement(s) FNEGE 2, CNRS 3, HCERES A

Autres publications

    • Mariateresa Torchia
    • Ouvrage
    • Création & Innovation
    • 2018

    More Women on Boards: An International Perspective

    More Women on Boards: An International Perspective is the seventh volume in the Women and Leadership: Research, Theory, and Practice book series. The purpose of this volume is to explore the complexity of issues related to increasing the number of women on boards of directors around the world: how these issues have been understood; how they have been more and less successfully addressed in different countries and industries; and how they are similar, and yet different, as a results of cultural and legal differences. In the Introduction and 18 chapters included in this book, 42 researchers, activists, and practitioners who were raised or work today in at least 17 countries on 6 continents seek to answer the questions:“Why have women on boards?”“Why is adding women to boards so challenging?”“What actions increase the number of women on boards?” and “What can we learn from situations where there are women board members?” In seeking to answer these questions, the authors summarize previously existing research and share the results of their own recent qualitative and quantitative research studies conducted in many different countries. Both “fix the woman” and “fix the society” challenges and solutions are explored. Stories of women who have successfully joined and, in many cases, led boards of directors are shared. It is clear to us, and we believe will be clear to those who read this book, that there is no single program that will lead to gender equality on boards; however we believe that the authors in this volume provide a rich variety of research and well supported suggestions for addressing the challenges.

    • Editeur(s) Information Age Publishing
    • Co-auteur(s) Devnew L., Le Ber M., Burke R.