2025

最新文章

• Measuring the commercial potential of science AI翻译
  作者：Masclans, Roger; Hasan, Sharique; Cohen, Wesley M.
  作者单位：Duke University; Duke University; National Bureau of Economic Research
  摘要：Research SummaryWe develop an ex ante measure of commercial potential of science, an otherwise unobservable variable driving the performance of innovation-intensive firms. To do so, we rely on large language models and neural networks to predict whether scientific articles will influence firms' use of science. Incorporating time-varying models and the quantification of uncertainty, the measure is validated through both traditional methods and out-of-sample exercises, leveraging a major univers...
• Delegation of decision rights and capital reallocation: Evidence from US municipalities AI翻译
  作者：Asghar, Nauman; Obloj, Tomasz
  作者单位：University of Liverpool; Indiana University System; IU Kelley School of Business; Indiana University Bloomington
  摘要：Research SummaryWe investigate the role of organizational structure in influencing internal capital reallocations. Despite the importance of flexible capital reallocation, empirical evidence suggests remarkably high levels of stability in these decisions. Adopting a behavioral perspective, we focus on information processing demands faced by boundedly rational decision-makers as an antecedent of such decision patterns. We argue, and provide evidence, that centralization of decision rights, whic...
• Hiring entrepreneurs for innovation AI翻译
  作者：Lindbjerg, Louise; Vladasel, Theodor
  作者单位：Aarhus University; Pompeu Fabra University; Pompeu Fabra University; Barcelona School of Economics
  摘要：Research Summary What human capital do established organizations need to bring new ideas to market? Combining Danish registry and Community Innovation Survey data, we document a robust positive relationship between hiring former founders and firms' sales from innovation. Entrepreneurs join smaller, younger firms (which exhibit larger effects), managerial skills and external industry founding experience matter, while other selection or human capital-based explanations appear muted. Founder hire...
• High flying adored: How CEO narcissism influences firms' responses to above-aspiration performance with risky organizational change AI翻译
  作者：Kavusan, Korcan; Mack, Daniel Z.; Mount, Matthew P.; Ertug, Gokhan
  作者单位：Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC; Singapore Management University; Deakin University
  摘要：Research Summary Research on performance feedback presents conflicting views on how above-aspiration performance influences organizational change. Some studies argue that it constrains change due to a lack of organizational motivation, while others suggest that it enables change by expanding managerial discretion. Reconciling these perspectives, we suggest that managers' narcissistic tendencies can fundamentally alter how a firm responds to above-aspiration performance. We theorize and find ev...
• New sheriff in town: A quad model approach to examining the consequences of selecting a qualified lead independent directors AI翻译
  作者：Hasija, Dinesh; Ellstrand, Alan; Ridge, Jason W.; Johnson, Jon
  作者单位：University System of Georgia; Augusta University; University of Arkansas System; University of Arkansas Fayetteville
  摘要：Research SummaryThe lead independent director (LID) position was adopted primarily to increase the efficiency of the monitoring function of the board. However, evidence of whether and how LIDs influence board monitoring has been limited. We apply and test the theoretical quad model in the context of the LID to examine whether selecting a qualified LID helps improve monitoring within the board. We argue that when a board appoints a qualified LID, it improves overall board monitoring, along with...
• Even better than the real thing?: Electronic organs and the dilemma of product mimicry AI翻译
  作者：Nelson, Andrew J.
  作者单位：University of Oregon
  摘要：Research SummaryMimetic products like fake wood and fake meat pose a dilemma for producers. On the one hand, their core value lies in faithfully replicating a real referent. On the other hand, they must differentiate themselves. I explore this tension through a qualitative historical investigation of the first electronic musical organs: The Orgatron was a low-cost close imitation of the pipe organ, whereas the Hammond was a lesser imitation that attempted to augment the pipe organ. Ironically,...
• Gender and racial minorities on corporate boards: How board faultlines and CEO-minority director overlap affect firm performance AI翻译
  作者：Mendiratta, Esha; Tasheva, Sabina
  作者单位：Vlerick Business School; University of Sydney; Copenhagen Business School
  摘要：Research Summary: In this article, we examine the multidimensional and multilevel nature of diversity in the context of corporate boards. Using the concept of faultlines, we argue that when gender and racial background aligns with human capital attributes of board members, faultlines may be formed with negative implications for firm performance. However, the potential negative impact of faultlines can be alleviated by overlaps in the characteristics of the CEO and minority directors. Specifica...
• When (not) to talk politics in business: Experimental evidence AI翻译
  作者：Bondi, Tommaso; Burbano, Vanessa C.; Dell'Acqua, Fabrizio
  作者单位：Cornell University; Columbia University; Harvard University
  摘要：Research SummaryChief executive officer (CEO) political activism is increasing, but its strategic implications remain unclear. We conduct two survey-based experiments to shed light on how individuals respond to CEO activism. We differentiate between communicating an apolitical stance versus saying nothing - an unexplored distinction to date. We furthermore examine whether characteristics which could influence perceived credibility of the stance - whether it is consistent with expectations and ...
• What keeps the market ticking? The role of third-party audiences and cognitive embeddedness in shaping competitive dynamics in luxury watchmaking AI翻译
  作者：Claes, Kim; Godart, Frederic
  作者单位：Cornell University; INSEAD Business School
  摘要：Research SummaryCompetitive dynamics between firms and buyers are shaped by mutually understood conceptual systems that enable market interactions. Third-party audiences, such as the media, play a crucial role in shaping market structure and evolution by facilitating the development of these conceptual systems. Although they do not directly engage in contractual bargaining, third-party audiences stabilize perceptions and facilitate market interactions by cognitively embedding competitive dynam...
• ESG as a nonmarket strategy to cope with geopolitical tension: Empirical evidence from multinationals' ESG performance AI翻译
  作者：Kim, Jin Hyung; Kwak, Jooyoung; Park, Hyung-Kun
  作者单位：George Washington University; Yonsei University; Rice University
  摘要：Research Summary Although rising geopolitical tension is critically affecting multinational enterprises (MNEs), our understanding of geopolitics and its effects on corporate strategy is surprisingly limited. This study sheds light on this underexplored topic by examining the environmental, social, and governance (ESG) strategy of foreign MNEs amid tension between their home and host countries. We argue that the media plays a critical role in shaping host-country public perceptions of such tens...