7期

最新文章

• Does nepotism run in the family? CEO pay and pay-performance sensitivity in Indian family firms AI翻译
  作者：Chen, Guoli; Chittoor, Raveendra; Vissa, Balagopal
  作者单位：INSEAD Business School; University of Victoria
  摘要：Research Summary: Using a principal-principal agency theory lens, we examine corporate governance and compensation design in family-owned businesses. We conceptualize how CEO pay and pay-performance sensitivity is influenced by whether the CEO is a professional or drawn from the controlling family (family CEO). Data from a sample of 277 publicly listed Indian family firms during 2004-2013 support our argument that family CEOs get paid more than professional CEOs. This pattern is stronger in su...
• Is the division of labor limited by the extent of the market? Opportunity cost theory with evidence from the real estate brokerage industry AI翻译
  作者：Giustiziero, Gianluigi
  作者单位：Frankfurt School Finance & Management
  摘要：Research Summary The division of labor allows individuals to focus their time on a narrower band of activities and increase productivity through specialization, but this comes at a cost. When individuals divide labor, they divide value and split the pie they help create. In this article, I formally model this tradeoff and examine how it is affected by opportunity-cost considerations due to market characteristics. I then test the empirical predictions of the model in the residential real estate...
• On the origin of technological acquisition strategy: The interaction between organizational plasticity and environmental munificence AI翻译
  作者：Rios, Luis A.
  作者单位：Purdue University System; Purdue University
  摘要：Research Summary Why do some firms routinely acquire more than others? I contribute to the study of technological acquisitions and capability development more broadly by documenting how the interaction between organizational plasticity and environmental munificence can create one demarcation point for some technology firms to become more acquisitive than others. Using a novel dataset on 1,201 firms that went public between 1983 and 2007, I find evidence of a persistent divergence even 20 years...
• Experience base, strategy-by-doing and new product performance AI翻译
  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...
• The geography of female small business survivorship: Examining the roles of proportional representation and stakeholders AI翻译
  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 ...
• Strategic management during the financial crisis: How firms adjust their strategic investments in response to credit market disruptions AI翻译
  作者：Flammer, Caroline; Ioannou, Ioannis
  作者单位：Boston University; University of London; London Business School
  摘要：Research summary This study investigates how companies adjusted their investments in key strategic resources-that is, their workforce, capital expenditures, R&D, and CSR-in response to the sharp increase in the cost of credit (the credit crunch) during the financial crisis of 2007-2009. We compare companies whose long-term debt matured shortly before versus after the credit crunch to obtain (quasi-)random variation in the extent to which companies were hit by the higher borrowing costs. We fin...