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作者：Tan, David; West, Nicole V.
作者单位：University of Washington; University of Washington Seattle
摘要：Research Abstract: How do competitors respond when a firm experiences an increased threat of penalties for questionable business activities? While conventional wisdom suggests that competitors will attempt to avoid similar activities, we draw attention to a countervailing incentive. If an increased threat of penalties induces one firm to reduce its engagement in an activity, competitors in an industry may see an opportunity to profit by increasing their engagement in the activity. We explain h...
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作者：Yang, Jing Yu; Kim, Minyoung; Li, Jiatao; Lu, Jane Wenzhen
作者单位：University of Sydney; University of Kansas; Hong Kong University of Science & Technology; City University of Hong Kong
摘要：Research Summary: This study examines cross-border bandwagons of foreign direct investment (FDI), a mass FDI entry process, into an emerging economy by following global investors from multiple home countries. Complementing the frequency mechanism, we introduce a cohesion mechanism that can also drive cross-border bandwagons of FDI. Drawing on the notion of information voids, we submit that the two mechanisms are based on different origins of information, and their relative effects vary dependi...
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作者：Tang, Lisa; Zhao, Minyuan
作者单位：National University of Singapore; Washington University (WUSTL)
摘要：Research Summary: Emerging-market multinational enterprises (EMNEs) are known for their light-touch integration after cross-border acquisitions. That is, compared with their developed-country counterparts, EMNEs are more likely to retain the top management team (TMT) of the target firms. In this paper, we argue that this difference in retention rate can be explained by country, cohort, and firm effects. While the literature mostly associates EMNEs with where they are from (country effect), EMN...
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作者：Zaggl, Michael A.; Malhotra, Arvind; Alexy, Oliver; Majchrzak, Ann
作者单位：Aarhus University; University of North Carolina; University of North Carolina Chapel Hill; Technical University of Munich; University of Southern California
摘要：Research Summary: Theories of crowdsourced search suggest that firms should limit the search space from which solutions to the problem may be drawn by constraining the problem definition. In turn, problems that are not or cannot be constrained should be tackled through other means of innovation. We propose that unconstrained problems can be crowdsourced, but firms need to govern the crowds differently. Specifically, we hypothesize that firms should govern crowds for solving unconstrained probl...
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作者：You, Jihae; Shin, Taekjin; Chung, Yunhyung
作者单位：University of Memphis; California State University System; San Diego State University; University of Idaho; University of Memphis
摘要：Research summary Drawing on research about power and faultlines, we identify the subgroup of directors in the board who share the same social identities with the CEO (i.e., CEO subgroup) and develop a concept of CEO subgroup power. We examine how CEO subgroup power affects the board's decision to dismiss the CEO, particularly when the firm experiences a performance decline. Using data from S&P 500 boards from 1998 to 2018, we find that powerful CEO subgroups reduce the risk of CEO dismissal an...
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作者：Gaessler, Fabian; Piezunka, Henning
作者单位：Pompeu Fabra University; INSEAD Business School
摘要：We suggest that AI can help decision-makers learn; specifically, that it can help them learn strategic interactions by serving as artificial training partners and thus help them to overcome a bottleneck of scarce human training partners. We present evidence from chess computers, the first widespread incarnation of AI. Leveraging the staggered diffusion of chess computers, we find that they did indeed help chess players improve by serving as a substitute for scarce human training partners. We a...
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作者：Genin, Aurora; Ma, Wenting; Bhagwat, Vineet; Bernile, Gennaro
作者单位：Indiana University System; Indiana University Bloomington; University of Massachusetts System; University of Massachusetts Amherst; George Washington University; University of Miami
摘要：Research Summary: How does board experiential diversity affect corporate radical innovation? We find that the combined diversity of directors' educational, industrial, and organizational experiences spurs the quantity and quality of path-breaking patents developed at a firm. Instrumental variable analysis leveraging exogenous variation in firm access to the nonlocal supply of directors with diverse experiences indicates causality, which is corroborated by difference-in-differences tests. Firm ...
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作者：Harmon, Derek; Rhee, Eunice; Cho, Yun Ha
作者单位：University of Michigan System; University of Michigan; Seattle University
摘要：Research Summary: How do new things in nascent markets become legitimate? Existing research points to a process where legitimacy is built by making associations with already legitimate ideas from other domains. In this study, however, we investigate the Internet boom of the 1990s, a nascent setting where something new-engagement metrics used to evaluate firms-gained legitimacy amongst investors, but not by being associated with already legitimate metrics. Using a question-driven mixed-methods ...
