9期

最新文章

• Power to the outsiders: External hiring and decision authority allocation within organizations AI翻译
  作者：Hong, Bryan
  作者单位：New York University
  摘要：Research Summary This study examines the relationship between external hiring and the allocation of decision authority within organizations, and how they interact to affect organizational change and innovation. We test our hypotheses using panel data for a nationally representative sample of businesses in Canada. We find that the practice of external hiring of managers and high-skilled nonmanagerial employees predicts greater decision authority allocated to each respective level of the hierarc...
• Reliance on science: Worldwide front-page patent citations to scientific articles AI翻译
  作者：Marx, Matt; Fuegi, Aaron
  作者单位：Boston University; Boston University
  摘要：Research summary To what extent do firms rely on basic science in their R&D efforts? Several scholars have sought to answer this and related questions, but progress has been impeded by the difficulty of matching unstructured references in patents to published papers. We introduce an open-access dataset of references from the front pages of patents granted worldwide to scientific papers published since 1800. Each patent-paper linkage is assigned a confidence score, which is characterized in a r...
• Capability interactions and adaptation to demand-side change AI翻译
  作者：Wang, Tang; Aggarwal, Vikas A.; Wu, Brian
  作者单位：State University System of Florida; University of Central Florida; INSEAD Business School; University of Michigan System; University of Michigan
  摘要：Research summary We examine how interactions among a firm's capabilities influence the extent and direction of firm adaptation under conditions of demand-side change. Our empirical context is the U.S. defense industry, within which we study firms receiving defense-related Small Business Innovation Research (SBIR) awards around September 11, 2001, an event which constituted an exogenous demand-side shock in which technology-related preferences of customers were reshuffled. We find that under de...
• Who violates expectations when? How firms' growth and dividend reputations affect investors' reactions to acquisitions AI翻译
  作者：Blagoeva, Radina R.; Kavusan, Korcan; Jansen, Justin J. P.
  作者单位：University System of Georgia; University of Georgia; Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC
  摘要：Research summary We investigate the role of a firm's dividend and growth reputations in shaping investors' interpretations of acquisitions as a negative or positive expectation violation. While our findings reveal that both an acquiring firm's dividend and growth reputations trigger positive investor reactions, they also show that investors react negatively to an acquisition of a target firm with a strong growth reputation when the acquiring firm has a strong dividend reputation. We also find ...
• Change gears before speeding up: The roles of Chief Executive Officer human capital and venture capitalist monitoring in Chief Executive Officer change before initial public offering AI翻译
  作者：Chahine, Salim; Zhang, Yan (Anthea)
  作者单位：American University of Beirut; Rice University
  摘要：Research Summary With data on 1,156 venture capitalist (VC)-backed U.S. initial public offerings (IPOs), we find that the initial level of Chief Executive Officer (CEO) human capital (HC) when a firm receives its first VC investment is negatively related to the likelihood of changing CEO before IPO. The distance between a firm and its lead VC has a positive effect on the likelihood and this effect is stronger when the initial CEO HC is lower. These results suggest that as a larger distance amo...
• When suppliers shift my boundaries: Supplier employee mobility and its impact on buyer firms' sourcing strategy AI翻译
  作者：Chondrakis, George; Sako, Mari
  作者单位：Universitat Ramon Llull; Escuela Superior de Administracion y Direccion de Empresas (ESADE); University of Oxford
  摘要：Research summary Buyer firms respond to supplier employee mobility by reshuffling work among suppliers. However, the extant literature has not considered plural-sourcing firms which can bring work back in-house. In this paper, we develop a governance framework in which buyers engage in a comparative assessment of the costs associated with different sourcing modes following supplier employee mobility. Due to the imperfect transferability of social capital and associated uncertainty, buyers face...
• Corporate social responsibility of US-listed firms headquartered in tax havens AI翻译
  作者：Lee, Dongyoung
  作者单位：McGill University
  摘要：Research Summary Using 138 firm-year observations for 46 U.S.-listed firms headquartered in tax havens from 2004 to 2013, this study employs a matched-sample design and documents that the level of corporate social responsibility (CSR) engagement is relatively lower for firms with tax haven headquarters (HQ) than for those with U.S. HQ. This result is robust to the use of firm philanthropy as a measure of CSR engagement and holds true in an environment with high CSR expectations from U.S. commu...