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作者：Felten, Edward; Raj, Manav; Seamans, Robert
作者单位：Princeton University; New York University
摘要：Research Summary We create and validate a new measure of an occupation's exposure to AI that we call the AI Occupational Exposure (AIOE). We use the AIOE to construct a measure of AI exposure at the industry level, which we call the AI Industry Exposure (AIIE) and a measure of AI exposure at the county level, which we call the AI Geographic Exposure (AIGE). We also describe several ways in which the AIOE can be used to create firm level measures of AI exposure. We validate the measures and des...
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作者：Raj, Manav
作者单位：New York University
摘要：Research Summary Features of the institutional environment influence the performance of firms. In this research, I examine how one aspect of the institutional environment, competition between parties within legislatures, relates to young firm mortality. I argue that higher legislative competition provides legislators with more power to reward favored interests and thus contributes to a competitive environment that benefits well-connected incumbents and imposes negative consequences on young fi...
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作者：Fudge Kamal, Darcy K.; Honore, Florence; Nistor, Cristina
作者单位：California State University System; California State University Sacramento; University of Wisconsin System; University of Wisconsin Madison; Chapman University System; Chapman University
摘要：Research Summary Network centrality is an important determinant of alliance performance. However, estimating how each alliance member's centrality affects alliance performance is challenging because the end market might value each partner's contribution differently. We solve this empirical question with a two-sided matching model that accounts for the partners' endogenous selection and estimates the effect of each side's centrality and input quality on performance. We implement the method in t...
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作者：Burchard, Cord H.; Proelss, Juliane; Schaeffer, Utz; Schweizer, Denis
作者单位：WHU - Otto Beisheim School of Management; Concordia University - Canada
摘要：Research summary This study analyzes whether and how the disruption of top management turnovers can affect not only turnover firms but also their intra-industry rivals. It thus adds to the literature on both leader life cycles and competitive dynamics. Using a U.S. sample of 857 CEO turnovers, we find a period of relative stagnation for announcing companies following top management turnovers. We also find that intra-industry rivals can use this period to their advantage. Semi-structured interv...
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作者：Jiang, Han; Jia, Nan; Bai, Tao; Bruton, Garry D.
作者单位：Tulane University; Tsinghua University; University of Southern California; University of Queensland; Texas Christian University; Jilin University; Sun Yat Sen University
摘要：Research Summary We develop a political path dependence model that integrates the network embeddedness perspective and the literature on corporate political strategy to understand how firms adapt their political connections when anticorruption efforts lead to the turnover of government officials. We posit that although firms that have close associations with ousted corrupt officials can benefit from both removing existing political connections (cleaning house) and developing new connections wi...
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作者：Seo, Haram; Luo, Jiao; Kaul, Aseem
作者单位：Texas A&M University System; Texas A&M University College Station; Mays Business School; University of Minnesota System; University of Minnesota Twin Cities
摘要：Research Summary We examine the returns to specialization versus variety in corporate philanthropy. Acknowledging the theoretical rationale for both a specialist and a generalist approach to philanthropy, we took a question-driven, abductive approach, and found a robust positive association between philanthropic variety and firm profitability for donations by large US public corporations from 2003 to 2011. This association held for variety across causes but not within causes, for nonlocal givi...
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作者：O'Sullivan, Don; Zolotoy, Leon; Fan, Qingliang
作者单位：University of Melbourne; Chinese University of Hong Kong
摘要：Research Summary Despite an extensive upper echelons literature on how CEOs' prior experiences influence firm behavior, we know little about the influence of traumatic experiences early in CEOs' lives. Drawing on post-traumatic growth theory, we describe how traumatic experiences early in CEOs' lives influence corporate social performance. Our theory points to the asymmetric impact of CEO early-life trauma on responsible and irresponsible corporate social performance and to two boundary condit...
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作者：Gentry, Richard J.; Harrison, Joseph S.; Quigley, Timothy J.; Boivie, Steven
作者单位：University of Mississippi; Texas Christian University; University System of Georgia; University of Georgia; Texas A&M University System; Texas A&M University College Station
摘要：Research Summary We introduce an open-source dataset documenting the reasons for CEO departure in S&P 1500 firms from 2000 through 2018. In our dataset, we code for various forms of voluntary and involuntary departure. We compare our dataset to three published datasets in the CEO succession literature to assess both the qualitative and quantitative differences among them and to explore how these differences impact empirical findings associated with the performance-CEO dismissal relationship. T...
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作者：Oetzel, Jennifer; Oh, Chang Hoon
作者单位：American University; University of Kansas
摘要：Research Summary Research emphasizes the value of disaster preparation and the importance of experience in doing so, yet most companies fail to prepare. The antecedents of preparation are poorly understood, in part, because experience by itself only partly explains the story. To address these concerns, we developed two unique surveys: one from an international survey in 18 disaster-prone countries and another from a U.S. survey in New York City and Miami. We find that organizational experience...
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作者：Hegde, Deepak; Tumlinson, Justin
作者单位：New York University; Loughborough University
摘要：Research Summary Why do individuals become entrepreneurs? Why do some succeed? We propose two theories in which information frictions play a central role in answering these questions. Empirical analysis of longitudinal samples from the United States and the United Kingdom reveals the following patterns: (a) entrepreneurs have higher cognitive ability than employees with comparable education, (b) employees have better education than equally able entrepreneurs, and (c) entrepreneurs' earnings ar...
