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作者：Chondrakis, George; Serrano, Carlos J.; Ziedonis, Rosemarie H.
作者单位：Universitat Ramon Llull; Escuela Superior de Administracion y Direccion de Empresas (ESADE); Pompeu Fabra University; Pompeu Fabra University; Barcelona School of Economics; Boston University; National Bureau of Economic Research
摘要：Research Summary The market for acquiring technology companies is rife with information frictions. Although such frictions can stifle trading activity, they also provide room for strategic gain. We investigate this dual role of information frictions by exploiting an institutional reform that releases technological information to the public domain. Leveraging cross-sectoral variation in the magnitude of disclosure, we find an increase in acquisition activity and in the technological distance be...
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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：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：Kovacs, Balazs; Carnabuci, Gianluca; Wezel, Filippo Carlo
作者单位：Yale University; European School of Management & Technology; Universita della Svizzera Italiana
摘要：Research Summary Whereas prior innovation and strategy literature studied how attentional and search dynamics influence the creation of inventions, we examine how these same processes affect the impact of inventions after their creation. We theorize that inventions classified in high-contrast technological categories garner more attention by potential users and, hence, accrue more citations than otherwise-equivalent inventions classified in low-contrast categories. We test this hypothesis via ...
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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：Rahmandad, Hazhir; Denrell, Jerker; Prelec, Drazen
作者单位：Massachusetts Institute of Technology (MIT); University of Warwick; Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT)
摘要：Research Summary Managers regularly deal with dynamic tasks, where decisions impact immediate payoffs as well as long-term capabilities. Research shows that people do poorly in dynamic tasks, but the underlying mechanisms are unclear. These may range from unsystematic problem-solving to rational learning in complex environments. In a series of experiments, we tease apart alternative explanations, showing that poor performance is due to behavioral difficulties. Remarkably, we find that people d...
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作者：Koo, Wesley W.; Eesley, Charles E.
作者单位：INSEAD Business School; Stanford University
摘要：Research Summary Platform companies use design changes to govern their participants. The success of a design change depends on participants' responses, which are influenced by their local environments. Our study focuses on an important aspect of the local environment-rural versus urban. Using data from a leading e-commerce platform, we find that relative to urban sellers, rural sellers were particularly poor at adjusting to a major design change, resulting in a persistent performance gap. We a...
