作者:Hayward, MLA; Hambrick, DC
摘要:This study examines the role of a chief executive officer's hubris, or exaggerated self-confidence, in explaining the large size of some premiums paid for acquisitions. In a sample of 106 large acquisitions, we found that four indicators of CEO hubris are highly associated with the size of premiums paid: the acquiring company's recent performance, recent media praise for the CEO, a measure of the CEO's self-importance, and a composite factor of these three variables. The relationship between C...
作者:Barnett, WP
摘要:This paper examines the question of whether the strongest organizations survive, distinguishing between two aspects of organizational strength, An organization can be strong, as measured by its survival chances, Or an organization can be ecologically strong, as measured by its competitive effects on the birth and survival of other organizations. I develop a model that empirically distinguishes these effects and discuss how these strengths are likely to develop as organizations age and grow. I ...
作者:Uzzi, B
作者单位:Northwestern University
摘要:The purpose of this work is to develop a systematic understanding of embeddedness and organization networks. Drawing on ethnographic fieldwork conducted at 23 entrepreneurial firms, I identify the components of embedded relationships and explicate the devices by which embeddedness shapes organizational and economic outcomes. The findings suggest that embeddedness is a logic of exchange that promotes economies of time, integrative agreements, Pareto improvements in allocative efficiency, and co...