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作者：Sakakibara, Mariko; Balasubramanian, Natarajan
作者单位：University of California System; University of California Los Angeles; Syracuse University
摘要：Research Summary We study how spinout founders' human capital and parent size relate to founders' propensity to stay in the same industry as their parents or to go outside the industry. Individuals with high human capital face a higher performance penalty if they form spinouts outside the parent industry, but they also face greater deterrence from large parents if they stay in that industry. Using matched employer-employee data on spinout founders and their coworkers, we find that individuals ...
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作者：Wibbens, Phebo D.; Siggelkow, Nicolaj
作者单位：INSEAD Business School; University of Pennsylvania
摘要：Research summary This article introduces a new measure of long-term firm performance: long-term investor value appropriation (LIVA). This measure helps to address a disconnect between the common theoretical assumption that managers optimize firm value, and the widespread empirical practice of measuring performance using short-term ratios such as return on assets (ROA). LIVA can lead to markedly different strategic insights compared to commonly used measures such as ROA and cumulative abnormal ...
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作者：Rocha, Vera; van Praag, Mirjam
作者单位：Copenhagen Business School; Vrije Universiteit Amsterdam
摘要：Research summary Women continue to be disproportionately underrepresented in new venture creation. We investigate whether and how founders can differently influence future entrepreneurial career choices of their male and female joiners. Using a large sample of startup firms with personnel where founders interact closely with joiners, we demonstrate that founders have a strong influence on a joiner's entrepreneurial career choice if both are female. We find empirical support for role modeling a...
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作者：Bennett, Victor M.; Hall, Todd A.
作者单位：Duke University
摘要：Research Summary What happens to market structure as an industry's operations lean ever more on software? We find that software availability is associated with an increase in entry and an increase in exit by the oldest and most established firms. We suggest three potential mechanisms and, through post hoc analysis, determine which is most consistent with observed patterns. We find the effect of software availability on entry is stronger in settings with more available IT talent, more permissiv...
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作者：Surroca, Jordi A.; Aguilera, Ruth V.; Desender, Kurt; Tribo, Josep A.
作者单位：University of Groningen; Northeastern University; Universitat Ramon Llull; Escuela Superior de Administracion y Direccion de Empresas (ESADE); Universidad Carlos III de Madrid; Stevens Institute of Technology
摘要：Research summary Building on the comparative capitalism's notion of institutional complementarities, we examine whether firms' simultaneous adoption of managerial entrenchment provisions (MEPs) and corporate social responsibility (CSR) reinforces or undercuts one another in influencing firm financial performance. We propose that the financial impact of such configurations is contingent on the country's institutional setting. In Liberal Market Economies (LMEs), where firms face strong pressures...
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作者：Li, Yu; Zhang, Yan A.; Shi, Wei
作者单位：University of International Business & Economics; Rice University; University of Miami
摘要：Research Summary While geographic and cultural distances deter firms' international expansion, they do so via different mechanisms, such that firms with advantages in overcoming one-dimension may face disadvantages in overcoming the other. Larger, older, and state-owned firms have better access to resources in their home countries than smaller, younger, and non-state-owned firms, and thus are less concerned about the high operating costs associated with larger geographic distances. However, th...
