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作者：Lane, Jacqueline N.; Ganguli, Ina; Gaule, Patrick; Guinan, Eva; Lakhani, Karim R.
作者单位：Harvard University; University of Massachusetts System; University of Massachusetts Amherst; University of Bath; Harvard University; Harvard University Medical Affiliates; Dana-Farber Cancer Institute
摘要：Research Summary We investigate how knowledge similarity between two individuals is systematically related to the likelihood that a serendipitous encounter results in knowledge production. We conduct a field experiment at a medical research symposium, where we exogenously varied opportunities for face-to-face encounters among 15,817 scientist-pairs. Our data include direct observations of interaction patterns collected using sociometric badges, and detailed, longitudinal data of the scientists...
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作者：Fieberg, Christian; Lopatta, Kerstin; Tammen, Thomas; Tideman, Sebastian A.
作者单位：University of Bremen; City University of Hong Kong; University of Hamburg; University of Exeter
摘要：This article investigates the moderating effect of political affinity between countries on investors' reactions to the premium in cross-border acquisitions (CBAs). Based on a sample of 1,183 CBAs between 1999 and 2018, we find that political affinity positively moderates the relationship between the acquisition premium and the acquiring and target firms' stock market return. We argue that investors use political affinity to assess the reliability of the premium (i.e., management's overall perc...
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作者：Berry, Heather; Kaul, Aseem; Lee, Narae
作者单位：George Washington University; University of Minnesota System; University of Minnesota Twin Cities
摘要：Research abstract We examine whether and how foreign environmental standards influence global sourcing decisions. Taking a question-driven approach, we find a negative association between the stringency of a country's environmental standards and its share in US imports for 82 manufacturing industries across 77 countries between 2006 and 2016. This pollution haven effect holds not only for sourcing from owned foreign operations (offshore integration), but also for sourcing from unrelated third ...
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作者：Keum, D. Daniel
作者单位：Columbia University
摘要：Research Summary Do the performance pressures of the capital market exacerbate short-termism and stifle innovation? This longstanding question has doggedly eluded a conclusive answer due to conflicting empirical findings. We revisit two studies that have been central to rejecting short-termism: Atanassov (2013) and its replication by Karpoff and Wittry (2018). After revising some of the empirical choices by Atanassov (2013), we find the opposite result: antitakeover laws that insulate managers...
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作者：Pavicevic, Stevo; Keil, Thomas
作者单位：Frankfurt School Finance & Management; University of Zurich
摘要：Research Summary In corporate acquisitions, overconfident chief executive officers (CEOs) often make biased decisions, subsequently paying unjustifiably high acquisition premiums. We investigate the predeal process in which the acquisition premium is decided upon and, drawing from procedural rationality theory, argue that the pursuit of greater procedural rationality through slow-paced predeal processes reduces the tendency of overconfident CEOs to inflate acquisition premiums. The empirical r...
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作者：Srinivasan, Ravi; Choo, Adrian; Narayanan, Sriram; Sarkar, Soumodip; Tenhiala, Antti
作者单位：Loyola University Maryland; Michigan State University; Michigan State University's Broad College of Business; University of Evora; IE University
摘要：Research Summary The well-known study by Leiponen and Helfat (2010) examined how firms increased their odds of innovation success by pursuing multiple parallel innovation objectives and knowledge sources. We replicate their study across geographic and temporal contexts using three sets of data: from Finland (N = 884) in 2006-2008 and from other European countries in two different time periods (N = 36,480 in 2006-2008 and 24,326 in 2008-2010). Our results largely corroborate their core findings...
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作者：Lee, Chi-Hyon; Hoehn-Weiss, Manuela N.; Karim, Samina
作者单位：George Mason University; Oregon State University; Northeastern University
摘要：Research Summary This study empirically examines the impact of firms' pursuing multiple generic strategies, namely, Porter's low-cost and focus strategies. We conceptualize pursuing cost efficiency advantage as low-cost strategy and restraining rivalry through horizontal differentiation as focus strategy. Although we corroborate earlier Strategy research that each of these strategies alone may have a positive impact on firm profitability, we highlight that mechanisms driving the interaction of...
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作者：Zhu, David H.; Westphal, James D.
作者单位：Arizona State University; Arizona State University-Tempe; University of Michigan System; University of Michigan
摘要：Research Summary We develop a structural theory of power to explain how an organization is indirectly influenced by others through intermediaries. Our theory begins by explaining why an organization can improve its power position by acquiring partners that have direct advantages over it. We then propose the construct of indirect disadvantage to explain why an organization is motivated to acquire other partners that have advantages over its powerful partners. We further predict that the organiz...
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作者：Choudhury, Prithwiraj; Allen, Ryan T.; Endres, Michael G.
作者单位：Harvard University; Harvard University
摘要：Research Summary Supervised machine learning (ML) methods are a powerful toolkit for discovering robust patterns in quantitative data. The patterns identified by ML could be used for exploratory inductive or abductive research, or for post hoc analysis of regression results to detect patterns that may have gone unnoticed. However, ML models should not be treated as the result of a deductive causal test. To demonstrate the application of ML for pattern discovery, we implement ML algorithms to s...
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作者：Chen, Liang; Wang, Mengmeng; Cui, Lin; Li, Sali
作者单位：University of Melbourne; Nanjing University of Information Science & Technology; Australian National University; University of South Carolina System; University of South Carolina Columbia
摘要：Research Summary Strategy research views firms' diverse experience base as critical to new product success. It also champions strategy-by-doing in entrepreneurial settings. This study juxtaposes and bridges these two perspectives to better understand product development. We propose that while a firm's product portfolio diversity contributes to new product success only to a certain degree, design iteration-a postlaunch strategy-by-doing approach-is positively associated with new product perform...
