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作者：Pavicevic, Stevo; Keil, Thomas
作者单位：Frankfurt School Finance & Management; University of Zurich
摘要：Research SummaryWhy do some boards of directors dismiss the CEO when a firm performs poorly, while others do not? We argue that military directors-outside directors with military backgrounds-on the board increase the likelihood of CEO dismissal under low-performance conditions. Military service instills a lifelong system of values and beliefs related to accountability-the obligation to accept responsibility for one's own actions and outcomes-which leads military directors to attribute low perf...
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作者：Sands, Daniel B.
作者单位：University of London; University College London
摘要：Research SummaryThis article develops a theoretical framework to explicate how third parties, who are not transactionally involved in a given exchange relationship, can promote or impede the creation and capture of value by influencing market actor beliefs and behaviors. I investigate these issues empirically through an abductive mixed-method case study of the Michelin Guide's entry into New York City. An examination of two decades of the openings and closings of New York City's elite restaura...
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作者：Serrano, Carlos J.; Ziedonis, Rosemarie H.
作者单位：Hautes Etudes Commerciales (HEC) Paris; Boston University; National Bureau of Economic Research
摘要：Research SummaryEntrepreneurial firms are fertile sources of patented inventions. Yet little is known about what happens to patent assets when startups go out of business: Do the assets have a second life through redeployment to new owners? Based on 264 failed VC-backed startups, we document an active market for the patents both as standalone assets and through co-movement with inventors to the purchasing organization. We then model and test how the redeployment likelihood and mode of transfer...
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作者：Bu, Juan; Wang, Stephanie Lu; Lee, Yejee; Li, Dan
作者单位：Indiana University System; Indiana University Bloomington; IU Kelley School of Business
摘要：Research SummaryThis study examines how immigrant CEOs influence the geography of multinational enterprises' (MNEs) corporate social irresponsibility (CSI) incidents. Building on place attachment theory and social capital theory, we theorize that immigrant CEOs have strong psychological attachment to and social capital in their homeland countries, which could reduce the occurrence and media disclosure of their MNEs' CSI incidents in those countries. Moreover, this effect will be further enhanc...
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作者：Berry, Heather; Donnelly, Roisin
作者单位：Georgetown University; Tilburg University
摘要：Research SummaryThis article analyzes how innovation country-of-origin impacts the decisions of multinational corporations (MNCs) to defend their patents against infringement in foreign countries. We argue that MNCs have stronger incentives to defend their locally generated innovations (in foreign countries) than their home- or third-country generated innovations (that have been transferred to foreign countries) because of the higher risk for knowledge spillovers for locally generated innovati...
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作者：Guerra, Mara; Clarysse, Bart; Wadhwa, Anu
作者单位：Swiss Federal Institutes of Technology Domain; ETH Zurich; Imperial College London
摘要：Research SummaryIn emerging industries characterized by several technological generations giving rise to multiple submarkets that emerge at different points in time, start-ups entering with novel technologies encounter markets at varying development stages and are confronted with the choice to enter either a nascent or an established market. We study the solar photovoltaic industry between 1985 and 2017 to examine how founders' pre-entry experience along the industry value chain helps them nav...
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作者：Jeong, Hyoju; Kaul, Aseem; Luo, Jiao
作者单位：Tulane University; University of Minnesota System; University of Minnesota Twin Cities
摘要：Research SummaryWe examine the comparative governance of for-profit provision of public services, distinguishing between two types of for-profit providers: investor-owned firms (IOFs) and cooperatives. We argue that because cooperatives are owned and operated by those who benefit directly from the positive externalities generated by public services they are well suited to serving poor or high cost communities that may be underserved by IOFs, and that this will be especially true when they serv...
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作者：Klueter, Thomas; Ghosh, Anindya; Rosenkopf, Lori
作者单位：University of Navarra; Tilburg University; University of Pennsylvania
摘要：Research SummaryWhen established firms source technology from specialized technology firms, extant research has typically assumed that this in-sourced technology is novel. We test this assumption by modeling in-sourcing decisions using a problem-solution lens wherein firms choose from available external technological solutions to solve their market problems. Since the locus of identification, evaluation, and selection of external solutions remains internal to the firm's R&D personnel, we argue...
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作者：Wu, Wenxin; Wang, Heli; Tong, Li; Zhang, Yanlong
作者单位：Tongji University; Singapore Management University; Peking University
摘要：Research SummaryPrior research generally suggests that addressing shareholder interests may come at the expense of non-shareholding stakeholders. Our study challenges this notion by examining how shareholder interests, alongside those of other stakeholders, may align with social issue engagement. Specifically, we explore the relationship between legitimacy challenges (i.e., shareholder activism and social disapproval) and firm strategies in social issue engagement. We find that shareholder act...
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作者：Gutierrez, Cedric; Obloj, Tomasz; Zenger, Todd
作者单位：Bocconi University; Bocconi University; Indiana University System; IU Kelley School of Business; Indiana University Bloomington; Utah System of Higher Education; University of Utah
摘要：Research Summary: This article investigates the productivity consequences of pay transparency. Tracking the research output of 20,000 US academics and leveraging staggered shocks to transparency, we show that productivity responses vary predictably based on what pay transparency reveals. We reject a hypothesis that pay transparency leads to a decline in productivity. Rather, we find that those who transparency reveals to be inequitably overcompensated subsequently increase their effort, while ...
