髙岡明日香教授（経済経営学科）の研究論文が国際学術誌『Academy of Management Proceedings』に採択されました

髙岡明日香教授（経済経営学科）の 研究論文「Tough Call for Directors to Remain in or Exit Fraudulent Boards: Conflict Among Three Identities」（共著：早稲田大学 好川透教授）が国際学術誌『Academy of Management Proceedings』に採択されました。また 同教授は本論文を、世界最高峰の経営学会であるAcademy of Managementの年次総会で発表しました。

Knowledge regarding why directors exit their company boards following corporate fraud remains limited. Specifically, previous researchers have not empirically tested this relationship using identity theory, despite its significance to broader stakeholders. In this study, we proposed three identities relevant to outside directors: two personal identities, one derived from their full-time professions and the other from being directors, and a social or group-based identity as a member of a specific board. Using panel data of 20,672 outside directors of Japanese listed firms between 2010 and 2020, we then investigated the effect of outside directors’ identities on their exit-or-remain decisions following fraud, with finer granularity by fraud types and directors’ resource-dependent roles. The results revealed that fraud, particularly severe fraud, is associated with high levels of director exit. Particularly, outside directors at prestigious firms are more likely to leave compared to those at less prestigious firms. However, outside directors who are business experts tend to remain and help the firm out of the crisis, unlike directors with non-business backgrounds such as specialists and community influentials. This study extends identity theory in the organizational crisis context by demonstrating how personal and social identities determine director exit from fraudulent firms.

論文は以下からご覧いただけます。
DOI: 10.5465/AMPROC.2026.10621abstract