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作者：Goldfarb, Brent; Yan, Liyue
作者单位：University System of Maryland; University of Maryland College Park
摘要：Research Summary We revisit Zuckerman's (1999) The Categorical Imperative: Securities Analysts and the Illegitimacy Discount, which theorizes that when organizations are recognized as legitimate players in a category, they perform better. A replication exercise fails to reproduce two of three sets of results. Assisted by data shared by the original author, we find evidence that the inconsistency is due to a coding error in the original and differences between analyst data sets. We illustrate t...
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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：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：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：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...
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作者：Almeida Costa, Afonso; Zemsky, Peter
作者单位：Universidade Nova de Lisboa; INSEAD Business School
摘要：Research Summary The value-based perspective emphasizes the importance of both value creation and bargaining for firm performance. While formal theoretical work has focused on value creation strategies, empirical evidence suggests that substantial performance differences also arise from heterogeneity in bargaining. We develop a model where rival firms choose value-based innovation strategies to enhance either value creation or bargaining capabilities. We show a tendency for homogeneous strateg...
