000			01648naa a2200193uu 4500
001			7178
003			OSt
005			20190211154225.0
008			020924s2005 xx ||||gr |0|| 0 eng d
100	1		_aWESTPHAL, James D _911307
245	1	0	_aDecoupling policy from practice : _bthe case of stock repurchase programs
260			_c2001
520	3		_aThis study examines firms` decoupling of informal practices from formally adopted policies through analysis of the implementation of stock repurchase programs by large U.S. corporations in the late 1980s and early 1990s, when firms were experiencing external pressures to adopt policies that demonstrate corporate control over managerial behavior. We develop theory to explain variation in the responses of firms to such pressures,i.e., why some firms acquiesce by actually implementing stock repurchase programs, while others decouple formally adopted repurchase programs from actual corporate investments, so that the plans remain more symbolic than substantive. results of a logitudinal study of stock respurchse programs over a six-year time period show that decoupling is more likely to occur when top executives have power over boards to avoid institutional pressures for change and when social structural or experiential factors enhance awareness among powerful actors of implications for future research on decoupling, organizational learning, and corporate governance
700	1		_aZAJAC, Edward J _916686
773	0	8	_tAdministrative Science Quarterly _g46, 2, p. 202-228 _d, 2001 _w
942			_cS
998			_a20020924 _bCassio _cCassio
998			_a20081106 _b1004^b _cZailton
999			_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c7334 _d7334
041			_aeng