Joaquin Cestino’s research while affiliated with Hult International Business School and other places

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Publications (11)


Blockchain’s Role in Advancing Environmental and Social Sustainability: A Comprehensive Review
  • Article

August 2024

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2 Reads

Academy of Management Proceedings

Matilde Messina

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Mohammad H. Eslami

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Joaquin Cestino



Legitimizing the game: how gamers' personal experiences shape the emergence of grassroots collective action in esports
  • Article
  • Full-text available

May 2023

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68 Reads

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4 Citations

Internet Research

Purpose This paper studies early stages of actor mobilization for institutional change within Swedish esports. Design/methodology/approach The authors employ interpretative phenomenological analysis. Findings The authors’ findings explain how actors become motivated to act in critical reflections linked to conflicting legitimacy judgments and emotionally charged personal struggles. Moreover, the findings show how, as actors get activated in collective action, they identify efficacy lines around valid domains and experience emotionally charged collective endeavors. Furthermore, the findings explain how particularities in early experiences project legitimacy aspirations that orient collective action toward validity ends and particular values and ideals shaping actors' grassroots movements. Originality/value This study adds to legitimacy and institutional change theory through individual actors' perspectives, providing key insights into how they are motivated, activated, and oriented. This study is the first to investigate grassroots activists' personal stories in esports.

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External enablers in existing organizations: Emergence, novelty, and persistence of entrepreneurial initiatives

March 2023

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41 Reads

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14 Citations

Strategic Entrepreneurship Journal

There is growing consensus that exogenous environmental changes can affect entrepreneurship. The external enabler framework, which provides the structures and terminology to analyze these enabling effects, has typically focused on new venture creation. In an attempt to extend the external enabler framework to corporate entrepreneurship and innovation, our longitudinal multiple‐case study explores how environmental changes enable entrepreneurial initiatives in existing organizations. Our findings contribute to the external enabler framework, corporate entrepreneurship, and innovation literature by identifying new conceptual tools to understand the enabling effect of environmental change for the emergence, novelty, and persistence of entrepreneurial initiatives in existing organizations. We studied how the Covid‐19 pandemic enabled the initiation and continuation of entrepreneurial activities. Our study of eight small US‐based news companies shows that some entrepreneurial initiatives emerged as these organizations redirected their course of action toward new initiatives enabled by the changes in the external environment. Notably, the entrepreneurial initiatives that were new‐to‐the‐industry originated from ideas that were already available in some form within the organization but were not in use until the pandemic gave them a second life. Furthermore, the continuation of these initiatives depended on the persistence of the changes in the environment and on the low maintenance requirements of these initiatives in terms of time, effort, and resources.




Current issues of sustainability in esports

March 2022

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2,367 Reads

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26 Citations

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Aims: The aim of the paper is to explore emerging themes, which support the development of a sustainable esports industry. Methods and results: This study is based on a workshop methodology, which aims to identify and explore topics perceived as most pertinent by individuals with an intimate understanding of the dynamics of the esports context. Two workshops were held with a total of 64 participants, representing both academia and industry stakeholders. Interpretations of the sustainability of esports were thus recorded, developed, critiqued, and refined through social interaction with experts. The results indicate three critical themes to address regarding the development of sustainability of esports, namely a) health and inclusiveness, b) the incomplete industry structure, and c) the immature business logic. Conclusions: Sustainability refers to the ability of esports to survive or persist. We argue that sustainability is dependent on how well industry stakeholders can address the identified themes. Currently, social sustainability is the primary concern of both practitioners and researchers of esports. Economic sustainability mostly deals with securing business growth, while environmental sustainability is not yet perceived as a relevant topic (e.g., using sustainable technologies and energy-saving related to gaming and competitive events). Structures and processes within esports presently constitute the focus of sustainability in esports.


Institutional limits to service dominant logic and servitisation in innovation efforts in newspapers

April 2018

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73 Reads

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20 Citations

Journal of Media Business Studies

This paper explores the implementation of service-orientated strategies within newspapers using SDL and servitisation as theoretical departure points. This perspective helps to interpret the advancements and barriers in the current marketing innovation activities in the industry. Based on the exemplary case of the award-winning Svenska Dagbladet, we show that use is made of servitisation and SDL to the extent allowed by some strategic determinants of institutional nature. While some components of SDL have been implemented successfully others – customisation, resource development and coordination, and dialogue-based marketing communication – present managerial opportunities to increase value co-creation. But for this to happen the industry may need to consider changes in some of the institutional components of qualitative news that today act as institutional limits to innovation.



Citations (7)


... At the time of this writing over a thousand papers in the Web of Science have used the SEW perspective to explain a wide variety of phenomena and approximately 75,000 citations in Google Scholar are prompted by the term "SEW." For instance, using family ownership as a proxy for SEW, this literature has concluded that SEW considerations prompt family firms to stay in business even if they are underperforming (Chirico, Gomez-Mejia et al., 2020;Gómez-Mejía et al., 2007: Gomez-Mejia, Chirico et al., 2023King et al., 2022); to acquire and diversify less even though this implies accepting higher business risks (Gómez-Mejía et al., 2010;Pinelli et al., 2023); to prefer foreign entry greenfield initiatives instead of acquisitions (Boellis et al., 2016); to introduce fewer product innovations by investing less in R&D (Chirico, Criaco et al., 2020;Chrisman and Patel, 2012;Patel and Chrisman, 2014); to invest in pollution control and prevention (Berrone et al., 2010(Berrone et al., , 2013(Berrone et al., , 2023; to adopt less new technology (Gomez-Mejia, Campbell et al., 2014;Souder et al., 2017); to reduce financial incentives in incentive compensation programs (Diaz and Gomez-Mejia, 1997;Gómez-Mejía et al., 2003Martin et al., 2019); to devote more resources to corporate social responsibility programs (Aknipar et al., 2008;Berrone et al., 2009Berrone et al., , 2010Berrone et al., , 2014Berrone et al., , 2023Combs et al., 2023;Gomez-Mejia, Munoz-Bullon et al., 2023;Hsueh et al., 2023;Naldi et al., 2013); to avoid conflict with minority shareholders (Martin et al., 2018); to attend to the needs of the community (Cestino et al., 2023); to care more for employees' welfare (Christensen-Salem et al., 2021;Davila, Martin and Gomez-Mejia, 2023;Gomez-Mejia, Larraza-Kintana et al., 2018;Mayo et al., 2016); to avoid interlocks, earning manipulation, pension underfunding and related agency problems (Davila et al., 2023;Gomez-Mejia, Cruz and Imperatore, 2014;Martin et al., 2018Martin et al., , 2019Martin et al., , 2020Zona et al., 2018); to confront risk in the external environment (Berrone et al., 2022;Cuevas-Rodriguez et al., 2023;Firfiray and Gomez-Mejia, 2021;Gomez-Mejia, Basco et al., 2020;Gomez-Mejia, Mendoza et al., 2023;Meng et al., 2023); and to overvalue the business due to emotional attachment (Firfiray and Gomez-Mejia, 2022;Morgan and Gomez-Mejia, 2014;Zellweger et al., 2012), yet underprice initial public offerings to minimize nonfinancial losses in case of failure (Kotlar et al., 2018;Leitterstorf and Rau, 2014). Protecting family owners' nonfinancial goals may thus be considered more important by the family than merely improving the firm's financial performance (Kotlar and De Massis, 2013), which could possibly result in SEW having a negative effect on the firm's financial performance (Gómez-Mejía et al., 2007;Gomez-Mejia, Chirico et al., 2023;Martin and Gomez-Mejia, 2016;Naldi et al., 2013). ...

Reference:

From “FIBER” to “FIRE”: construct validation and refinement of the socioemotional wealth scale in family firms
Imprinted Socioemotional Wealth and Community Commitment
  • Citing Article
  • August 2023

Academy of Management Proceedings

... Based on Provan and Kenis's definition, some esports umbrella organizations in Norway operate similarly to NAOs (42). The convergence of such organizations is crucial for the overall sustainability of the esports communities, highlighting the importance of collective action (44). Now, there seems to be a "substitute mode" for the esports associations in different countries, defined by a contest between associations on who should be the leading NAO (45). ...

Legitimizing the game: how gamers' personal experiences shape the emergence of grassroots collective action in esports

Internet Research

... Under normal circumstances, these resources play a vital role in enhancing firm performance by providing access to external expertise, technology, and capabilities that complement internal resources [3]. However, during large-scale emergencies, the effectiveness of these quasi-internal resources can be compromised by supply chain disruptions, strained partnerships, and rapidly changing market conditions [4]. This observed reduction in effectiveness raises questions about the underlying mechanisms through which quasi-internal resources affect firm performance during crisis situations. ...

External enablers in existing organizations: Emergence, novelty, and persistence of entrepreneurial initiatives
  • Citing Article
  • March 2023

Strategic Entrepreneurship Journal

... Second, in light of employment instability, job uncertainty, and economic challenges, this study raises awareness among employers and managers about the benefits of encouraging employees to engage in hybrid entrepreneurship. Although allowing employees to pursue hybrid entrepreneurship may seem counterintuitive, research indicates that not all hybrid entrepreneurs intend to leave their salaried jobs to transition into full-time entrepreneurship [56]. More importantly, hybrid entrepreneurs bring significant advantages to their employers, as they often transfer innovations and capabilities from their entrepreneurial ventures into their wage employment [57]. ...

Perceived Organizational Support and Transition Intentions in Hybrid Entrepreneurs
  • Citing Article
  • August 2022

Academy of Management Proceedings

... For esports athletes to reach the caliber of ING operators, their career development must evolve into a self-sufficient field worthy of structured support from health organizations, the government, and other pillars of society (Hong, 2023). The result of this legitimacy will be a sustainable operational ecosystem centering around professionals with excellent work-life balance and long-term motivations, i.e., beyond simply loving the game (Bányai et al., 2020;Nyström et al., 2022). ...

Current issues of sustainability in esports

... In media, the invention of the internet started a continuous but often unsuccessful search for innovation of products, processes, and new business models (Kaye and Quinn, 2010;Chyi, 2012;Picard, 2014;Dogruel, 2015). Although media innovation has received some interest from scholars (Karimi and Walter, 2016;Cestino and Berndt, 2017;Evens, Raats and von Rimscha, 2017;Franklin, 2017;Cozzolino, Verona and Rothaermel, 2018), business model innovation literature in the field of the media is still rare and the concepts are unclear (Villi and Picard, 2019;Murschetz, Salamzadeh and Khan, 2023). Research on business model innovation focuses on searching for new revenue sources and digital platforms. ...

Institutional limits to service dominant logic and servitisation in innovation efforts in newspapers
  • Citing Article
  • April 2018

Journal of Media Business Studies

... For example, in the context of disarray in the legacy newspaper industry, the regional news media in the United Kingdom are compensating for the plummeting traditional revenue streams without actually challenging the inner logic. As a result, these organisations are yet dependent on conventional forms of revenue (Cestino & Matthews, 2016). This suggests that business models of media organisations have fallen within the same deterministic path. ...

A perspective on path dependence processes: The role of knowledge integration in business model persistence dynamics in the provincial press in England
  • Citing Article
  • January 2016

Journal of Media Business Studies