-
作者：Miller, Cameron D.; Wang, Richard D.
作者单位：Syracuse University; Babson College
摘要：Research SummaryWe study product digitization as an impetus for firm strategy change. Product digitization can erode a firm's ability to differentiate through physical product attributes and prompts them to increase emphasis on nonphysical product attributes to sustain their competitive advantage. We expect this effect is pronounced among firms that have pursued a physical differentiation strategy prior to the digital age. However, we expect that countervailing forces exist such that the inter...
-
作者：Frake, Justin; Hagemann, Andreas; Uribe, Jose
作者单位：University of Michigan System; University of Michigan; Indiana University System; IU Kelley School of Business; Indiana University Bloomington
摘要：Research Summary: Collider bias can cause spurious correlations when researchers condition on a variable that is caused by-or shares a common cause with-both the outcome and the exposure variable. Despite its threat to inference, empirical research in strategy and management has largely overlooked the issue of collider bias. We distinguish colliders from other threats to identification and estimation and illustrate its importance with replications of published work suggesting that having a wom...
-
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...
-
作者：Balasubramanian, Natarajan; Sivadasan, Jagadeesh; Xu, Wenjian
作者单位：Syracuse University; University of Michigan System; University of Michigan; Shanghai Jiao Tong University; Syracuse University
摘要：Research SummaryBeing able to sell a business not only allows a firm to exit an industry but is also a motivation for entrepreneurial entry. Therefore, factors that make acquisitions less desirable for potential acquirers could not only affect the rate of acquisitions, but also entry and exit. We test this in the context of judicial adoptions of product line exceptions, which increased acquirer exposure to potential accumulated liabilities. We find that after adoption, and relative to nonmanuf...
-
作者：Rhee, Luke; Leonardi, Paul
作者单位：University of California System; University of California Irvine; University of California System; University of California Santa Barbara; University of California System; University of California Irvine
摘要：Research SummaryThis study investigates how people connecting with brokers who span structural holes in a firm's communication networks can enhance their innovative performance. Through sociometric data from a large software company, we observe that individuals who pay attention to information from brokers achieve higher innovative performance compared with those who ignore such information. The advantage of paying attention to brokers' information is more pronounced when people operate in hig...
-
作者：Gamache, Daniel L.; Pfarrer, Michael D.; Curran, Kevin
作者单位：University System of Georgia; University of Georgia; University System of Georgia; University of Georgia; University of Amsterdam
摘要：Research SummaryAlthough research has explored how executive hubris shapes organizational actions, we theorize that hubris can also develop outside the executive suite. We introduce the construct organizational hubris, which we define as a durable, collective attitude marked by exaggerated pride and confidence in the organization. Organizational hubris differs from executive hubris in terms of level (individual versus collective) and target (self-focused vs. organization-focused). We argue tha...
