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作者：Doshi, Anil R.; Bell, J. Jason; Mirzayev, Emil; Vanneste, Bart S.
作者单位：University of London; University College London; University of Oxford
摘要：Research SummaryStrategic decisions are uncertain and often irreversible. Hence, predicting the value of alternatives is important for strategic decision making. We investigate the use of generative artificial intelligence (AI) in evaluating strategic alternatives using business models generated by AI (study 1) or submitted to a competition (study 2). Each study uses a sample of 60 business models and examines agreement in business model rankings made by large language models (LLMs) and those ...
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作者：Connelly, Brian L.; DesJardine, Mark R.; Shi, Wei; Sun, Zhihui
作者单位：Auburn University System; Auburn University; University of Miami; Capital University of Economics & Business
摘要：Research SummaryWe draw attention to a rapidly emerging phenomenon-the appointment of activist-nominated directors to boards-that could have consequences for stakeholders. Although appointing an activist director tends to improve firm value for shareholders, we uncover a hidden externality wherein it also yields increased reports of stakeholder harm. We introduce activist directors to the management literature and examine an array of considerations with a view toward launching a stream of lite...
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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...
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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...
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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...
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作者：Grohsjean, Thorsten; Piezunka, Henning; Mickeler, Maren
作者单位：Bocconi University; University of Pennsylvania; ESSEC Business School
摘要：Research SummaryCollaboration among employees is the bedrock of an organization, but we suggest that it can be undermined by their extra-organizational affiliations. We point to the hidden but common constellation of two coworkers who are also affiliated with organizations that compete with one another. We hypothesize that such colleagues collaborate less with one another when performing on behalf of their shared employer. Using data from professional soccer, we provide empirical evidence. We ...
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作者：Li, Xia
作者单位：University of London; London Business School
摘要：Research SummaryThis article examines whether and how firms adapt to physical exposures to climate change. I build a novel dataset that compiles information on the adaptation strategies of publicly traded companies around the globe and merge it with climate science data. I find that firms are sensitive to the nature and level of forecasted climate change exposures, and that they adapt more often and more completely to those most salient to their business. Increased physical climate exposure he...
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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：Rocha, Vera; Brymer, Rhett Andrew
作者单位：Copenhagen Business School; University System of Ohio; University of Cincinnati
摘要：Research Summary: Founders often tap their prior employment or educational affiliations to facilitate employee mobilization and post-hiring integration. But, how do these affiliation-based hiring (ABH) tactics relate to venture performance? We theorize that ABH generally helps founders fulfill relational and resource goals, yet differently depending on the type and proximity of the affiliation they share with new hires. We leverage Danish employer-employee data and test our hypotheses with a s...
