6期

最新文章

• Sweeping it under the rug: Positioning and managing pollution-intensive activities in organizational hierarchies AI翻译
  作者：Lee, Juyoung; Bansal, Pratima
  作者单位：Hong Kong Polytechnic University; Western University (University of Western Ontario)
  摘要：Research SummaryMany corporate groups have multiple layers with parent companies owning subsidiaries, which own other subsidiaries, and so forth, in a pyramid-like ownership structure. We argue that corporate groups perform their pollution-intensive activities at the lower levels of the corporate hierarchy to buffer the parent from pollution-related regulatory risks. Our analysis of 7400 US-based business establishments owned by the 67 largest US-headquartered chemical manufacturing corporate ...
• A scientific approach to entrepreneurial decision-making: Large-scale replication and extension AI翻译
  作者：Camuffo, Arnaldo; Gambardella, Alfonso; Messinese, Danilo; Novelli, Elena; Paolucci, Emilio; Spina, Chiara
  作者单位：Bocconi University; IE University; City St Georges, University of London; Polytechnic University of Turin; INSEAD Business School; Bocconi University; Bocconi University
  摘要：Research SummaryThis article runs a large-scale replication of Camuffo and colleagues in 2020, involving 759 firms in four randomized control trials. The larger sample generates novel and more precise insights about the teachability and implications of a scientific approach in entrepreneurship. We observe a positive impact on idea termination and results that are consistent with a nonlinear effect on radical pivots, with treated firms running few over no or repeated pivots. We provide a theore...
• Transportation networks and competition in the market for corporate control AI翻译
  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...
• The inside track: Entrepreneurs' corporate experience and startups' access to incumbent partners' resources AI翻译
  作者：Balachandran, Sarath
  作者单位：University of London; London Business School
  摘要：Research SummaryStartups are increasingly turning to incumbent firms for venture capital, anticipating access to the investor's knowledge and complementary assets. However, startups' eventual access to these resources varies widely. This article highlights one important driver of such variance, whether startups' managers were previously employed by an incumbent in the same industry. Using data from the life sciences, I find that such corporate experience can precipitate technical knowledge flo...
• Bribery, insecurity, and firm performance: Evidence from the Boko Haram insurgency in Nigeria AI翻译
  作者：Dimitriadis, Stefan
  作者单位：University of Toronto; University of Toronto
  摘要：Research Summary: During armed conflicts, when the rule of law collapses, bribery often becomes prevalent. Yet, the effect of bribery on firm performance under those circumstances remains unclear. Bribery could provide access to scarce resources, but it could also be the result of extortion. This study argues that bribes can improve firm performance during certain conflicts, when violence reduces public officials' ability to threaten firms. Using longitudinal data from businesses in Nigeria du...
• Poised for growth: Exploring the relationship between accelerator program design and startup performance AI翻译
  作者：Assenova, Valentina A.; Amit, Raphael
  作者单位：University of Pennsylvania; University of Pennsylvania
  摘要：Research SummaryAccelerator programs provide valuable market feedback and education to participants that may improve startup performance. However, it is unclear whether the average effect of accelerator participation on startup performance post acceleration is positive, and if so, how this effect varies with accelerator program design. We analyze data from 8580 startups that made it past the initial selection stage at 408 accelerators in 176 countries between 2013 and 2019. We compare accelera...
• The cue-ball effect: How an advantaged firm's closer competitors can propagate the impact of its advantage to more distant competitors AI翻译
  作者：Balasubramanian, Natarajan; Makadok, Richard; Chiu, Wan-Ting
  作者单位：Syracuse University; University System of Ohio; Ohio State University; JP Morgan Chase & Company; Purdue University System; Purdue University
  摘要：Research SummaryCost advantage helps a firm at the expense of its rivals, but may hurt some rivals worse than others. Conventional wisdom suggests that an advantaged firm will do more harm to closer competitors, but the opposite may occur if competitors can reposition themselves. Closer competitors have stronger incentives to reposition away from the advantaged firm, thereby potentially encroaching on rivals more distant from the advantaged firm and propagating the harm to them like the cue ba...