-
作者：Balasubramanian, Natarajan; Sakakibara, Mariko
作者单位：Syracuse University; University of California System; University of California Los Angeles; Syracuse University
摘要：Research Summary: Using matched employer-employee data from 30 U.S. states covering a wide range of industries, we compare spinouts with new establishments formed by incumbents (INEs). We propose a selection-based framework comprising idea selection by parents to internally implement ideas as INEs, entrepreneurial selection by founders to form spinouts, and exit selection to close ventures. Consistent with parents choosing better ideas in the idea selection stage, we find that INEs perform rel...
-
作者：Schweisfurth, Tim G.; Schoettl, Claus P.; Raasch, Christina; Zaggl, Michael A.
作者单位：Hamburg University of Technology; University of Twente; Technical University of Munich; Kuhne Logistics University; Leibniz Association; Institut fur Weltwirtschaft an der Universitat Kiel (IFW); Aarhus University
摘要：Research SummaryCompanies are increasingly opening up decision-making, involving employees on all levels in distributed-and purportedly hierarchy-free-decision processes. We examine how hierarchy reaches into such democratized systems, arguing that it is a source of homophily that biases idea evaluation decisions. Using a data set from internal crowdfunding at one of the world's largest industrial manufacturers, we show that idea evaluators overvalue hierarchically similar others' ideas. Compe...
-
作者：Garrido, Elisabet; Giachetti, Claudio; Maicas, Juan P.
作者单位：University of Zaragoza; Universita Ca Foscari Venezia; University of Zaragoza; University of Zaragoza
摘要：Research Summary: Scholars have noted that pronounced changes in consumer demand and technology often offer firms temporary opportunities to strengthen their performance vis-a-vis rivals. This article contributes to the literature on windows of opportunity from an organizational learning perspective. It investigates whether the depth and breadth of a firm's international experience with pronounced changes in demand conditions (demand windows) and technologies (technological windows) affect its...
-
作者：Jeong, Seung-Hwan; Mooney, Ann; Zhang, Yangyang; Quigley, Timothy J.
作者单位：University System of Georgia; University of Georgia; Stevens Institute of Technology
摘要：Research Summary:A recent study found that markets react negatively to the appointment of Black CEOs, with an average cumulative abnormal return of -4.2%. The authors argue this is caused by investors invoking racial biases and stereotypes. In contrast, using a comparable sampling period and analytic approach, we find markets react positively to the appointment of Black CEOs with an average abnormal return of +3.1% (or +2.0% after conservatively addressing outliers). Our results are consistent...
-
作者：Monteiro, Guilherme Fowler A.; Miranda, Bruno Varella
作者单位：Insper; Insper
摘要：We extend the ownership competence framework by discussing how the features of the institutional environment influence the exercise of ownership competence. Two amendments are proposed. First, we add a new dimension to the framework, institutional competence (where to own), which denotes that individuals and firms have heterogeneous abilities to assess how an institutional environment affects the potential uses of a resource. Second, we argue that institutional uncertainty moderates the three ...
-
作者：Agarwal, Shiva; Miller, Cameron D. D.; Ganco, Martin
作者单位：University of Texas System; University of Texas Austin; Syracuse University; University of Wisconsin System; University of Wisconsin Madison; Syracuse University
摘要：Research Summary: Platform owners often use endorsements to actively manage complementor firms. We argue that the direct network effects of complementors' products play a centdeual role in the platform management by its owner. We test our predictions using data on the Apple's promotion of apps. We find that apps with network effects are more likely to receive an award. This likelihood increases when the app is introduced by a developer with a larger market share but declines when introduced in...
-
作者：Hamann, Peter Maik; Halw, Oliver; Guenther, Thomas W.
作者单位：Technische Universitat Dresden; Technische Universitat Dresden
摘要：Research Summary: Despite a plethora of studies, the moderating effects of contingency factors regarding the relationship between corporate planning (CP) and organizational performance (OP) remain open to discussion. Our meta-analysis analyzes 183 independent study samples, 84 of which are examined for the first time. We expand on previous meta-analyses by correcting for measurement error and dichotomization, and we use moderation analyses and meta-analytical regressions to explain heterogenei...
-
作者：Sampson, Rachelle C.; Shi, Yuan
作者单位：University System of Maryland; University of Maryland College Park; Cornell University
摘要：Research Summary We provide evidence that investors in U.S. public markets are increasingly discounting firms' expected future cash flows during 1980-2013. This trend is shown not only on average across firms, but also within firms over time after alternative explanations are accounted for. To corroborate a link with firm time horizons, we estimate the relationship between an implied discount rate (IDR) and factors relevant to firm long-term strategy. We find that IDR is correlated in expected...
-
作者：Sharapov, Dmitry; Ross, Jan-Michael
作者单位：Imperial College London
摘要：Research Summary We study the performance implications of dynamic environments for a leader's rivalry-based imitation efforts in a setting with multiple rivals. We disentangle competitive interactions from environmental changes to show that a leader's simple rules to either imitate the closest rival in terms of attributes (her neighbor) or the closest rival in terms of rank (her challenger) can help to maintain the performance gap to her competitors. Using a computational model and an empirica...
-
作者：de Figueiredo, Rui J. P., Jr.; Rawley, Evan; Shelef, Orie
作者单位：University of California System; University of California Berkeley; University of Minnesota System; University of Minnesota Twin Cities; Utah System of Higher Education; University of Utah
摘要：Research Summary This article examines the consequences of incentive slope and shape on performance and risk-taking. It focuses on how slope-incentive intensity-influences risk-taking, and how shape-nonlinearity-influences performance. We use quasi-random variation in the context of the hedge-fund industry to separate slope and shape effects. Our results demonstrate that shape has large and important effects on performance, and that slope affects risk-taking. The evidence suggests that poor pe...
