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作者：Stern, I.; Deng, X.; Chen, G.; Gao, H.
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作者：Ryu, Wonsang; McCann, Brian T.; Wan, William P.
作者单位：Yonsei University; Vanderbilt University; Chinese University of Hong Kong
摘要：Research Summary: We examine how learning-by-doing (LBD) rates in manufacturing, the extent to which performance depends on own production experience, are associated with firms' diversification decisions. We argue that the LBD rates of industries affect the characteristics of not only the first-order knowledge that firms generate via operating a particular process but also the second-order knowledge that firms develop about the learning process itself. We maintain that first-order knowledge ge...
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作者：Chang, Sea-Jin; Matsumoto, Yoichi
作者单位：National University of Singapore; Korea Advanced Institute of Science & Technology (KAIST); Keio University
摘要：This study explores how firms decide in which businesses to further invest and from which businesses to withdraw resources by examining the detailed product portfolios of firms in the global semiconductor industry. Results show that resource redeployment within incumbent businesses is more prevalent than via new entry or complete exit, since the former is more flexible and easily reversible than the latter. This study further finds that, while underutilized resources may drive resource redeplo...
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作者：Huang, Henry He; Kerstein, Joseph; Wang, Chong; Wu, Feng (Harry)
作者单位：Yeshiva University; Hong Kong Polytechnic University; Lingnan University
摘要：Research Summary We estimate firm-level physical risk from climate change based on managerial evaluation and firms' exposure to climate hazard events and find that climate risk results in unfavorable corporate financing terms related to bank loans (higher interest paid, higher likelihood of being required to collateralize the loan, and greater number of covenant constraints). Firms that take measures aimed at managing climate risk, including corporate climate strategy, board-level governance, ...
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作者：Durand, Rodolphe; Huysentruyt, Marieke
作者单位：Hautes Etudes Commerciales (HEC) Paris; Stockholm School of Economics
摘要：Research Summary This article asks how distinct communication frames used by corporate social initiatives (CSIs) affect beneficiary engagement, specifically their reach vis-a-vis disadvantaged groups. Through a unique randomized field experiment in France, we assess the effectiveness of a series of communication frames on beneficiaries' decisions to enroll and use the social goods provided. Our results show that empathy- and simplicity-oriented frames significantly increase program enrollment ...
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作者：Kumar, Pankaj; Liu, Xiaojin; Zaheer, Akbar
作者单位：Virginia Polytechnic Institute & State University; Virginia Commonwealth University; University of Minnesota System; University of Minnesota Twin Cities
摘要：Research Summary Extant empirical work partitioning the variance in firm (business segment) profitability has identified industry, corporate parent, business segment, and time as key sources. However, this variance decomposition research stream has treated firms as atomistic, autonomous entities. We employ a fast-unfolding community-detection algorithm to detect firms' network memberships and use the Shapley Value method to isolate the effect of the firm's alliance network, in addition to indu...
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作者：Ren, Charlotte R.; Mulotte, Louis; Dussauge, Pierre; Anand, Jaideep
作者单位：University of Pennsylvania; Tilburg University; Hautes Etudes Commerciales (HEC) Paris; University System of Ohio; Ohio State University
摘要：Research Summary We examine how the performance of a firm's prior alliances influences its propensity to persist with the alliance mode or switch to independent operations in the context of new product introductions (NPIs). Drawing on the behavioral theory of the firm (BTOF), we argue that a firm's alliance performance has a U-shaped effect on its likelihood of undertaking the subsequent NPI independently and that competitive intensity strengthens this U-shaped relationship. We also predict th...
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作者：Klingebiel, Ronald; Joseph, John; Machoba, Valerie
作者单位：Frankfurt School Finance & Management; University of California System; University of California Irvine
摘要：Research summary Our article examines the deliberate creation of learning opportunities in the global rollout of innovations. Some firms launch in only a subset of markets at first, with later launches being conditional on debut-market performance. Such sequencing decreases the downside of potential innovation failure but increases the downside of potential competitive preemption. Consistent with this trade-off, handset makers during the feature-phone era sequence rollout more often when innov...
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作者：Jain, Amit; Mitchell, Will
作者单位：National University of Singapore; University of Toronto
摘要：Research Summary Organizational learning studies demonstrate that specialization conditions multiple aspects of firm performance, including productivity and financial returns, through its effect on skill development and coordination. We know little, however, about how specialization may influence a firm's R&D performance, including both R&D productivity and innovation impact. We propose that specialization is a double-edged sword for R&D performance that can be influenced via changing scientis...
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作者：Sharma, Siddharth; Chung, Wilbur
作者单位：Indian School of Business (ISB); University System of Maryland; University of Maryland College Park
摘要：Research Summary While agglomeration economies can enhance collocated firms' performance, firms' gains will be heterogeneous. Gains will be driven not only by firms' own traits, but also by their neighboring firms' traits. We expect a focal firm gains more from neighbors that are larger, more proximate geographically, and more related in economic activity. We leverage a quasi-experiment that features micro-geographic, establishment-level data: the exit of the HHGregg electronics retailer in ou...
