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作者:Nary, Paul; Kaul, Aseem
作者单位:University of Pennsylvania; University of Minnesota System; University of Minnesota Twin Cities
摘要:We examine the role of non-venture private equity (PE) firms as intermediaries in the market for corporate assets. We argue that, in order to create and capture value by acquiring established businesses and selling them to corporate buyers, PE firms must possess at least one of three potential advantages: (a) they must be able to identify busi-nesses that are currently undervalued (valuation advantage), (b) they must be able to enhance the intrinsic value of the business (governance advantage)...
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作者:Volk, Stefan; Waldman, David A.; Barnes, Christopher M.
作者单位:Arizona State University; Arizona State University-Tempe; University of Washington; University of Washington Seattle
摘要:Paradoxical leadership-the integration of leadership behaviors that are seemingly contradictory, but nevertheless interdependent-is becoming increasingly important in today's complex and turbulent business environments. Despite evidence for the positive consequences of paradoxical leadership, little research has examined how and when leaders can effectively integrate or reconcile opposing leadership behaviors. Two of the most fundamental paradoxical challenges that leaders face include the nee...
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作者:Afuah, Allan; Tucci, Christopher L.
作者单位:University of Michigan System; University of Michigan; Imperial College London
摘要:Since we wrote Crowdsourcing as a solution to distant search a decade ago, enthusi-asm for crowdsourcing's capacity to produce remarkable solutions to some problems has continued to grow, and profiting from crowdsourced solutions has become a strate-gic goal for more and more firms. Crowdsourcing research has progressed impressively, with more progress made in researching the phenomenon than in theorizing about it. We are deeply honored by the 2022 Decade Award. In this manuscript, we reflect ...
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作者:Gouvard, Paul; Durand, Rodolphe
作者单位:Hautes Etudes Commerciales (HEC) Paris
摘要:In markets, individuals use three main evaluation modes to categorize and subsequently value organizations based on received organizational cues: prototypebased, exemplar based, and goal-based evaluation. Starting with the premise that individual audience members use prototype-based evaluation as a default evaluation mode when receiving expected organizational cues, this paper derives a theory that connects unexpected organizational cues with an individual audience member's likelihood of switc...
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作者:Reinecke, Juliane; Lawrence, Thomas B.
作者单位:University of Oxford; University of Oxford
摘要:The emerging processual view of institutions has eroded the assumption of institutional stability in favor of a more dynamic view of institutions as ongoing processes, thereby foregrounding the question of institutional stabilization. Grounded in a process ontology, we conceptualize institutions as ever-becoming yet enduring social processes that are meaningful and carry prescriptions for actors' legitimate participation. Building on this conceptualization, we develop a theoretical model of th...
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作者:Roulet, Thomas J.; Bothello, Joel
作者单位:University of Cambridge; Concordia College, Alabama
摘要:Disruptions such as COVID-19-and the subsequent flux they wreak on organizations and society-have become commonplace. In order to advance our understanding of (and adaptation to) future discontinuities and crises, we argue that we require a reconceptualization of how disruption occurs. To do so, we draw on event systems theory; in contrast to previous work viewing disruption as the outcome of a singular event, we focus on how disruption can occur from an event chain-that is, a set of events th...
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作者:Hargadon, Andrew B.; Wadhwani, R. Daniel
作者单位:University of California System; University of California Davis; University of Southern California
摘要:Management and organization studies have long been interested in the social contexts and enduring consequences of individual and collective action. Yet, empirically observing both the situated nature of actions and their ultimate consequences remains challenging. In this paper, we describe microhistory as a complementary approach to grounded and longitudinal studies that reconciles situated action in time with its broader consequences over time. Microhistorical research involves the reflexive ...
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作者:Ross, David Gaddis; Shin, Moonsik
作者单位:State University System of Florida; University of Florida; Chapman University System; Chapman University
摘要:In leading strategy theories, such as industry analysis and value capture theory, maximizing bargaining power with transaction partners is a critical driver of profitability. However, in recent years a new business model has emerged that contradicts this fundamental precept: With pay-what-you-want (PWYW) pricing, a seller allows a buyer to name any nonnegative price, even zero, for the seller's product or service, and yet, enough buyers make voluntary positive payments, and of sufficient magni...
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作者:Keil, Thomas; Posen, Hart E.; Workiewicz, Maciej
作者单位:University of Zurich; Dartmouth College; ESSEC Business School
摘要:A central idea in the behavioral theory of the firm is that when an organization's performance falls below aspirations, a search for solutions is triggered. While this aspirationbased model has dominated the empirical literature, it is only one of two Carnegie School accounts of how firms use performance feedback to regulate behavior. We call the second account the belief-based model. This model focuses on the characteristics of the choice alternatives faced by firms and the challenges inheren...