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作者：Park, Chan Hyung
作者单位：Swiss Federal Institutes of Technology Domain; ETH Zurich
摘要：Research SummaryNovel formulations of strategic problems are key to innovation and exploration. Conventional wisdom suggests that intuitive thinking, rather than rational-analytic thinking, facilitates novel problem formulations. This article proposes that intuitive thinking is insufficient and that novel formulations instead depend on sequencing rational-analytic and intuitive thinking across two phases of the problem formulation task. Two experiments using samples of strategists in organizat...
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作者：Kapacinskaite, Aldona; Mostajabi, Ahmadreza
作者单位：Bocconi University; University of London; London Business School
摘要：Research SummaryThis study contrasts traditional entry dynamics with platform owner entry into a complementor market and examines cross-platform complementor response to competition with the platform. Generalists experience low repositioning cost and are more likely to shift effort away, while specialists focus their effort on the focal platform. We examine Apple's Files app entry and find support for our hypotheses: generalists shift effort toward the competing platform, while specialists dou...
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作者：Hurst, Reuben; Lee, Saerom (Ronnie); Frake, Justin
作者单位：University System of Maryland; University of Maryland College Park; University of Pennsylvania; University of Michigan System; University of Michigan
摘要：Research SummaryThis article investigates how job seekers' perceptions of an employer's formal hierarchy affect the size and gender composition of its applicant pool. Building on the literature on gendered organizations and organizational design, we develop opposing perspectives on these relationships. To arbitrate between these perspectives, we first conduct a field experiment in partnership with a hiring firm. We find that featuring a flatter hierarchy in recruiting materials does not signif...
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作者：Feldman, Emilie R.; Amit, Raphael (Raffi); Chen, Siwen
作者单位：University of Pennsylvania
摘要：Research SummaryThis article examines the antecedents and outcomes of hedge fund activism in family versus nonfamily firms. We find that activist hedge funds are less likely to initiate campaigns against family firms than nonfamily firms, but the cumulative abnormal returns to announcements of campaigns against family firms exceed those of nonfamily firms. The presence of one or more family members on a firm's board of directors appears to be a key impediment to hedge fund activism in family f...
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作者：Novelli, Elena; Spina, Chiara
作者单位：University of London; Bocconi University; INSEAD Business School
摘要：Research SummaryThis study abductively investigates how a firm's degree of business model development-the extent to which strategic choices are crystallized-moderates the impact of a scientific approach to decision-making on performance. We present findings from a field experiment involving 261 entrepreneurs, where treated entrepreneurs learn to apply a scientific approach, while control counterparts receive comparable content without this approach. Results show that the effect of scientific d...
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作者：Krieger, Joshua L.; Schnitzer, Monika; Watzinger, Martin
作者单位：Harvard University; University of Munich; University of Munster; Harvard University
摘要：Research SummaryToday's innovations rely on scientific discoveries of the past, yet only some corporate R&D builds directly on scientific output. In this article, we analyze U.S. patents to investigate how firms generate value by building on prior art closer to science. We show that patent value is decreasing in distance-to-science. Overall, we find a science premium within firms ranging from 5.0 to 18.3%. If we allow for firm sorting into different modes of R&D based on their relative advanta...
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作者：Testoni, Marco
作者单位：University of Miami
摘要：Research SummaryWhile competition in the market for corporate control determines firms' ability to capture value from acquisitions, there is limited evidence of factors that influence such competition. This study explores whether airline routes intensify competition in this market and affect the target's returns. Targets can become better connected to distant latent acquirers (DLAs), which can increase the targets' bargaining power. Similarly, better connectivity can allow acquirers to reach d...
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作者：Lee, Hyeonsuh; Shah, Sonali K.; Agarwal, Rajshree
作者单位：West Virginia University; University of Illinois System; University of Illinois Urbana-Champaign; University System of Maryland; University of Maryland College Park
摘要：Research SummaryWe inductively examine how the careers of employee entrepreneurs unfold, uncovering the role of motives and attribution for failure. Founders expressing organizational misalignment motives for leaving established organizations engaged in venture crafting whereby they actively sought to build well-functioning organizations. They built successful initial ventures and careers. Founders lacking organizational misalignment motives generally founded initial ventures that failed: howe...
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作者：Li, Xu
作者单位：University of London; London School Economics & Political Science
摘要：Research SummaryHow should firms respond to technological discontinuities in order to achieve greater performance? In contrast to most studies that advocate a timely transition from the old to the new technology, this paper posits that in markets where a discontinuous technology exposes customers' latent preference heterogeneity for certain old technology attributes, firms may ultimately experience a performance surge by adhering to the old technology during technological change. Explicitly, I...
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作者：Harrison, Joseph S.; Boivie, Steven; Stern, Ithai; Porac, Joseph
作者单位：University of Tennessee System; University of Tennessee Knoxville; Texas A&M University System; Texas A&M University College Station; Mays Business School; INSEAD Business School; New York University
摘要：Research SummaryThis study extends recent findings that inventor CEOs increase innovative output in large established firms by examining how their involvement in the innovative process influences the nature of innovations produced. Our theory suggests that inventor CEOs who take a hands-on approach to innovation lead their firms to engage in more exploitative rather than exploratory innovation. We further posit that this effect is particularly strong for insider inventor CEOs, and especially f...
