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作者：Tae, C. Jennifer; Pang, Min-Seok; Greenwood, Brad N.
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; George Mason University
摘要：Research Summary We study the effect of firm disruptions on competitor performance in the presence of shared resources in the U.S. airline industry. While scholars have investigated both the effects of industry-wide and firm-specific disruptions, little work has examined the effect on competitors, who are increasingly reliant on interconnected resources in the digital age. Results from a series of recent information technology (IT) outages indicate that performance is materially affected by a ...
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作者：Ryu, Wonsang; Reuer, Jeffrey J.; Brush, Thomas H.
作者单位：Korea Advanced Institute of Science & Technology (KAIST); University of Colorado System; University of Colorado Boulder; Purdue University System; Purdue University
摘要：Research summary We investigate how multimarket contact between prospective partners affects their partner selection for technology cooperation. Drawing on the multimarket competition literature, we argue that multimarket contact generates mutual forbearance from opportunism by enabling broad retaliation across the shared markets against opportunism. As a result, multimarket contact between potential partners makes them prefer each other as partners for technology cooperation. We also claim th...
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作者：Posen, Hart E.; Yi, Sangyoon; Lee, Jeho
作者单位：University of Wisconsin System; University of Wisconsin Madison; Korea Advanced Institute of Science & Technology (KAIST); Seoul National University (SNU)
摘要：Research Summary Imitation is ubiquitous, yet the comparative efficacy of imitation strategies is poorly understood. A popular imitation strategy, sometimes called benchmarking, mixes-and-matches practices common to leading firms. Using computational models, we compare benchmarking with the copy-the-best imitation strategy of copying a subset of the best-performing firm's practices. We find that benchmarking is more effective in heterogeneous environments, where practices that are good for fir...
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作者：Zorn, Michelle L.; DeGhetto, Kaitlyn; Ketchen, David J., Jr.; Combs, James G.
作者单位：Auburn University System; Auburn University; University System of Ohio; University of Dayton; State University System of Florida; University of Central Florida; University of Ottawa
摘要：Research Summary Boards of directors make high-stake decisions that involve hiring, compensating, and dismissing CEOs. Building on theory about choice-supportive bias and escalation of commitment, we theorize that hiring directors (directors who were present during a CEO's hiring) will display choice-supportive bias and escalate commitment to poorly performing CEOs. Primary data from 73 directors indicate that directors are indeed biased toward CEOs they help hire. Archival data from S&P 1500 ...
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作者：Keum, Dongil D.
作者单位：Columbia University
摘要：Research Summary This study characterizes and tests interdependencies in corporate activities used to adjust resources and implement change. Because each activity contributes only a partial result and depends on others to complete an intended change, constraining one can create a bottleneck that traps multiple other activities. For my empirical analysis, I leverage the staggered adoptions of employment protection laws intended to constrain one specific adjustment to one specific resource: dism...
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作者：Argyres, Nicholas; Bercovitz, Janet; Zanarone, Giorgio
作者单位：Washington University (WUSTL); University of Colorado System; University of Colorado Boulder
摘要：Research summary A key strategic decision for many firms is the scope of their relationships with partners. Existing theories of relationship scope are limited in that they disregard the facts that: (a) most firms transact within networks of multiple partners, and (b) these partnerships often involve two-sided moral hazard. We develop a theory of partnership scope in interfirm networks that addresses these deficiencies. We show how, by broadening the scope of business it conducts with its part...
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作者：Jia, Yonghong; Gao, Xinghua; Julian, Scott
作者单位：Iowa State University; Washington State University; Wayne State University
摘要：Research Summary To examine whether firms use corporate social responsibility (CSR) to insure against stock price risk, we exploit an exogenous shock in stock price risk associated with Regulation SHO whereby the SEC randomly selected pilot firms for which the uptick restriction on short sales no longer applied. A difference-in-differences test reveals that pilot firms increased CSR more than nonpilot firms and that in particular they reduced CSR concerns and increased CSR that impacts stakeho...
