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作者：Cetorelli, Nicola; Jacobides, Michael G.; Stern, Samuel
作者单位：Federal Reserve System - USA; Federal Reserve Bank - New York; University of London; London Business School; University of Michigan System; University of Michigan
摘要：Research Summary: A surprisingly neglected facet of sector evolution is the evolutionary analysis of firms', and thus a sector's, scope. Defining a sector as a group of firms that can change their scope over time, we study the transformation of U.S. banking firms. We undertake a sectoral, population-wide study of business-scope transformation, with particular focus on which segments banks expand into. As financial intermediation evolved, a continuously shifting set of activities became associa...
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作者：Balachandran, Sarath; Hernandez, Exequiel
作者单位：University of London; London Business School; University of Pennsylvania
摘要：Research Summary Venture capital (VC) firms predominantly source investments from local networks within tight geographic bounds. Against that tendency, VCs are increasingly investing internationally-but with substantial heterogeneity across firms in extent, location, and success. We propose a mechanism that explains these patterns. The ties VCs form to immigrant entrepreneurs when investing domestically provide access to the knowledge and connections of those immigrants, which facilitates VC i...
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作者：Kalnins, Arturs; Williams, Michele
作者单位：University of Iowa
摘要：Research summary Combining insights from research on firm-level stakeholders with the well-established micro literature on social categorization, we develop and test a theory regarding the relative survivorship of female-owned and male-owned businesses. The theory is based on proportional representation within geographic areas, defined as each area's female-owned proprietorship count divided by its total proprietorship count. Analyzing survivorship of over one million proprietorships, we find ...
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作者：Dong, John Qi
作者单位：Trinity College Dublin
摘要：Research Summary The behavioral theory of the firm suggests that organizations make strategic choices to retain or search for a technology based on performance feedback in comparison to organizational aspiration. Such technological choices become challenging as decision makers face uncertainty not only in technological search, but also from technology deterioration and market turbulence. While different organizational aspirations have been used in prior research, their performance and risk imp...
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作者：Essman, Spenser M.; Schepker, Donald J.; Nyberg, Anthony J.; Ray, Caitlin
作者单位：University of South Carolina System; University of South Carolina Columbia
摘要：Research Summary Extant research rarely explores the relationship between executive compensation and chief executive officer (CEO) succession planning, despite practitioner claims that executive pay disparities indicate succession planning (in)effectiveness. Leveraging signaling theory, we use 830 succession events from 2010 to 2017 to show that pay disparity between the CEO and the highest paid non-CEO executive is positively related to the likelihood of outside CEO succession. Thus, boards n...
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作者：Tong, Siliang; Jia, Nan; Luo, Xueming; Fang, Zheng
作者单位：Nanyang Technological University; University of Southern California; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; Sichuan University
摘要：Companies are increasingly using artificial intelligence (AI) to provide performance feedback to employees, by tracking employee behavior at work, automating performance evaluations, and recommending job improvements. However, this application of AI has provoked much debate. On the one hand, powerful AI data analytics increase the quality of feedback, which may enhance employee productivity (deployment effect). On the other hand, employees may develop a negative perception of AI feedback once ...
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作者：Boivie, Steven; Withers, Michael C.; Graffin, Scott D.; Corley, Kevin G.
作者单位：Texas A&M University System; Texas A&M University College Station; University System of Georgia; University of Georgia; Arizona State University; Arizona State University-Tempe
摘要：Research summary The question of what boards do, or should do, has remained a central focus in governance research. Much of this research is based on explicit theories or empirical models that impose assumed behaviors onto boards-such as monitoring-that are thought to define their roles and duties. While these explicit perspectives have offered critical insights, we suggest it is time to consider directors' implicit beliefs of their roles and duties to understand their perspective of the board...
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作者：Rullani, Francesco; Beukel, Karin; De Angelis, Matteo
作者单位：Universita Ca Foscari Venezia; University of Copenhagen; Luiss Guido Carli University
摘要：Research Summary We examine in detail how one large mobile phone manufacturer develops its anti-counterfeit strategy and seizes counterfeit products on the market. We couple qualitative data (observations from 150 counterfeit sales points worldwide, two focus groups, a survey with 151 respondents, interviews with 90 informants) with econometric analysis of 3,333 fights the focal firm undertook against more than 2,000 counterfeiters in 75 countries over 6 years (2006-2011). We focus on firm's s...
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作者：Dimitriadis, Stefan
作者单位：University of Toronto
摘要：Research Summary This study explores how entrepreneurs' social capital affects their resilience to localized shocks. Using a unique longitudinal survey of entrepreneurs during a surge of violent protests in Togo during 2017 and 2018, I explore how different kinds of relationships affect entrepreneurs' performance. Results show that proximity to violent protests caused entrepreneurs' profits to drop by 20%. This decrease, however, was mitigated by entrepreneurs' ties to their local communities ...
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作者：Schnatterly, Karen; Calvano, Felipe; Berns, John P.; Deng, Chaoqun
作者单位：Virginia Polytechnic Institute & State University; University of Mississippi; City University of New York (CUNY) System; Baruch College (CUNY)
摘要：Research Summary Boards are unlikely to be effective if they do not have sufficient collective expertise to understand, monitor, and address future risks. This begs the question, does the board, in fact, have this expertise? If not, can they reconfigure their expertise to address those risks? Building on agency theory, we analyze the alignment between the board's expertise and the firm's future risks, with the expectation that board composition will change over time to reflect the firm's futur...
