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作者:Kim, Ji-Yub (Jay); Haleblian, Jerayr (John); Finkelstein, Sydney
作者单位:University System of Georgia; University of Georgia; Dartmouth College
摘要:In this paper we draw on work in behavioral learning theory and risk taking to examine whether firms desperate for growth overpay for acquisitions, and we develop a theory of desperation in the context of growth. We suggest two key drivers of such desperation: (1) when a firm's organic growth is low, paying handsomely for acquisitions may be one of the few options for growth, and (2) when a firm becomes dependent on acquisitions for continuing growth, it is vulnerable to overpaying for acquisi...
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作者:Stoelhorst, J. W.
作者单位:University of Amsterdam
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作者:Morris, Michael W.
作者单位:Columbia University
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作者:Zhong, Chen-Bo
作者单位:University of Toronto
摘要:Research on ethical decision making has been heavily influenced by normative decision theories that view intelligent choices as involving conscious deliberation and analysis. Recent developments in moral psychology, however, suggest that moral functions involved in ethical decision making are metaphorical and embodied. The research presented here suggests that deliberative decision making may actually increase unethical behaviors and reduce altruistic motives when it overshadows implicit, intu...
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作者:Smith, Edward Bishop
作者单位:University of Michigan System; University of Michigan
摘要:This study calls into question the completeness of the argument that economic actors who fail to conform to certain identity-based logics-such as the categorical structure of markets-garner less attention and perform poorly, beginning with the observation that some nonconforming actors seem to elicit considerable attention and thrive. By reconceptualizing organizational identity as not just a signal of organizational legitimacy but also a lens used by evaluating audiences to make sense of emer...