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作者:Ng, Weiyi; Stuart, Toby E.
作者单位:National University of Singapore; University of California System; University of California Berkeley
摘要:Research Summary Thousands of acquisitions of technology companies result in the de facto hiring of myriad individuals into new employers every year. We analyze the effects of such deals on acquired employee (AE) retention relative to a matched sample of directly hired employees (HEs) joining the same acquirers in the same year. In a dataset with all acquisitions of VC-backed companies in the previous two decades paired to over 30 million resumes, we find that acquired employees (AEs) turnover...
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作者:Testoni, Marco
作者单位:Tilburg University
摘要:Research Summary The resource-based view claims that bundles of resources are the key determinants of a firm's value. Yet, market value spillovers stemming from firms' resource bases have received scarce attention in the literature. This article provides evidence of such spillovers in the context of technological acquisitions. I hypothesize that acquisitions act as signals, revealing to investors that the acquired technologies are more valuable than initially expected. These signals should aff...
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作者:Fahn, Matthias; Zanarone, Giorgio
作者单位:Washington University (WUSTL); Universite Libre de Bruxelles
摘要:Research Summary We model how an organization's transparency (toward employees or contractors) affects its ability to sustain relational governance. We show that transparency creates accountability: if the organization reneges on promises made to an agent, the other agents observe its defection and quit. Thus, transparency enables organizations with limited credibility to provide high-powered incentives. However, transparency also triggers envious social comparisons that reduce profits and may...
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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:Barrymore, Nathan; Dezso, Cristian L.; King, Benjamin C.
作者单位:University System of Maryland; University of Maryland College Park; University of Illinois System; University of Illinois Urbana-Champaign
摘要:Research Summary Career paths depend not only on individuals' own competitiveness but also on the competitiveness of others in a position to advocate for them. In this article, we study competitiveness when rewards accrue to another individual. In particular, we ask how female and male managers' competitiveness changes when rewards from competition accrue to their female or male proteges, relative to when they accrue to themselves. Using an experimental approach, we find that when rewards accr...
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作者:Ketkar, Harsh; Workiewicz, Maciej
作者单位:Bocconi University; ESSEC Business School
摘要:Research Summary One of the key features of boss-less organizations is self-selection, where each employee is allowed to both initiate and join projects freely. While this approach has been gaining in popularity within many big and small organizations, we have a limited understanding of its properties, limitations, and key mechanisms. In this article, we analyze the efficacy and boundary conditions of employee self-selection with respect to project selection and employee allocation. Our result...