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作者：Eaglin, F. Christopher
作者单位：Duke University
摘要：Research SummaryThis article analyzes the impact of initial conditions on firm strategy selection and performance amongst small firms in emerging markets. Leveraging a proprietary dataset from a minibus taxi financier in South Africa, I estimate the impact of lower than expected fuel prices in the first 3 months of operation on a critical strategic choice: asset utilization. Firms receiving this fuel shock are more likely to operate fewer days, drive fewer kilometers, and work fewer hours. Thi...
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作者：Li, Jingyuan; Kim, Yong H.; Uribe, Jose
作者单位：The Chinese University of Hong Kong, Shenzhen; Texas A&M University System; Texas A&M University College Station; Mays Business School; Indiana University System; Indiana University Bloomington; IU Kelley School of Business
摘要：Research SummaryWe propose that firms engaging in community corporate social responsibility (CSR) can acquire valuable local knowledge that improves their core operations. We test our proposition leveraging a unique context-the Securities Association of China's pairing assistance scheme under the country's targeted poverty alleviation program. Under this scheme, financial brokerage houses conducted community CSR in quasi-randomly matched impoverished regions. We find support for the local know...
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作者：Simsek, Z.
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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...
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作者：Jeon, Chunhu; Bundy, Jonathan; Shen, Wei
作者单位：Morgan State University; Arizona State University; Arizona State University-Tempe
摘要：Research SummaryRankings often create tiered status hierarchies-for example, top, middle, and lower status tiers-of the ranked organizations. We study how an organization's position within a tier, particularly near tier boundaries, influences its competitive behavior. We propose a tier-aspiration effect, where those at the top of a lower tier pursue more and riskier competitive actions to advance to the higher tier, and a tier-maintenance effect, where those at the bottom a tier engage in more...
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作者：Hashai, Niron; Asmussen, Christian Geisler; Drori, Netanel
作者单位：Reichman University; University of Manchester; Alliance Manchester Business School; Copenhagen Business School
摘要：Research SummaryWe present novel theoretical arguments suggesting that the contraction of international market presence does not only allow firms to expand their presence into new business domains, but also to resume their international market presence in the long term. We argue that when firms contract their international market presence, they spark two subsequent processes: First, they free up non-scale free financial resources that become available for expanding into new business domains. S...
