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作者：Gupta, Abhinav; Fung, Anna; Murphy, Chad
作者单位：University of Washington; University of Washington Seattle; American University; Oregon State University
摘要：Research Summary We consider the link between firms' decisions to adopt a CSR executive position and the political ideology of prior adopter CEOs. We theorize that firms are more likely to adopt a CSR executive position when it has been previously adopted by conservative-leaning CEOs at other firms, as opposed to liberal-leaning CEOs. This effect is due, we argue, to the increased perceptual salience and situational attributions associated with ideologically incongruent actions (i.e., actions ...
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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：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...
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作者：Sharapov, Dmitry; Kattuman, Paul; Rodriguez, Diego; Velazquez, F. Javier
作者单位：Imperial College London; University of Cambridge; Complutense University of Madrid
摘要：Research Summary Variance decomposition methods allow strategy scholars to identify key sources of heterogeneity in firm performance. However, most extant approaches produce estimates that depend on the order in which sources are considered, the ways they are nested, and which sources are treated as fixed or random effects. In this paper, we propose the use of an axiomatically justified, unique, and effective solution to this limitation: the Shapley Value approach. We show its effectiveness co...
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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：Momtaz, Paul P.
作者单位：University of California System; University of California Los Angeles
摘要：Research Summary How emotions impact firm valuation is empirically understudied because affective traits are difficult to quantify. However, using artificial emotional intelligence, positive and negative affects can be identified from facial muscle contraction-relaxation patterns obtained from public CEO photos during initial coin offerings, that is, blockchain-based issuances of cryptocurrency tokens to raise growth capital. The results suggest that CEO affects impact firm valuation in two wa...
