Double prix AIMS 2023 pour Rachid Achbah

L’Ecole doctorale des Sciences de Gestion de l’Université de Lyon revient sur les prix reçus par les doctorants en 2023.

A cette occasion, l’Ecole Doctorale a mis en avant l’article de Rachid Achbah intitulé “CEO Advice Seeking and the Failure Escape: The Role of the CEO Entourage in Corporate Restructuring”, qui a reçu à la fois le Prix Roland CALORI du jeune chercheur et le Prix des meilleures implications managériales ou sociétales lors de l’AIMS Stratégie en 2023.

Abstract : This study examines the effect of the CEO’s environment through advice seeking in managing firm’s financial difficulties. We use three advice-seeking modalities (source, intensity, and diversity) to theorize about the CEO’s consciousness of insolvency risk and the restructuring decision. Our predictions are tested using a sample of 407 French SMEs in financial distress in the Rhône-Alpes region. The results indicate that the CEO’s internal (TMT) and external advice-seeking intensity positively affect the CEO’s consciousness of insolvency risk and the restructuring decision. The results also show that the functional diversity of TMT members positively moderates the relationship between the CEO’s advice-seeking intensity and their consciousness of insolvency risk. In contrast, we found a negative moderating effect of diversity in external advice seeking. By examining the management of financial distress from the perspective of the manager’s entourage via advice seeking, we take the first steps toward a more realistic and general understanding of this phenomenon.