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作者：Kang, Jingoo; Kim, Sang-Joon
作者单位：Nanyang Technological University; Ewha Womans University
摘要：Research Summary Literature suggests that firms may approximate ambidexterity over time by alternating between periods of exploration and exploitation. We theorize and empirically test performance implications of two types of temporal transition between exploration and exploitation and their boundary conditions. We find that a discontinuous jump has a negative effect on firm performance while an incremental transition has a positive effect. We also find that the role of firm resources and part...
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作者：Awaysheh, Amrou; Heron, Randall A.; Perry, Tod; Wilson, Jared I.
作者单位：Indiana University System; Indiana University Indianapolis; IU Kelley School of Business
摘要：Research Summary This study reexamines the relation between corporate social responsibility (CSR) and financial performance by benchmarking firms against industry peers in a given year to identify best-in-class and worst-in-class firms. We also address distributional issues when using CSR ratings (clustering of CSR scores around the median and material differences across industries and time) and financial performance ratios (the possible influence of extreme values). We find that the best-in-c...
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作者：Chattopadhyay, Shinjinee; Bercovitz, Janet
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University of Colorado System; University of Colorado Boulder
摘要：Research Summary Firms' strategy choices are contextually dependent, yet internally delimited. A radical shift in institutional context forces firms to reevaluate the desirability and suitability of current strategies and assess the potential of new strategic opportunities. From 1970 to 1995, the Indian pharmaceutical industry operated under a process-focused intellectual property regime and enjoyed legal protection to reverse engineer brand name drugs. In 1995, this protection ended with the ...
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作者：Schumacher, Christian; Keck, Steffen; Tang, Wenjie
作者单位：Vienna University of Economics & Business; University of Vienna; National University of Singapore
摘要：Research summary This study examines how managerial biases in the form of overconfidence change the interpretation of performance feedback and, consequently, shape a firm's risk taking in response to it. Our formal analysis suggests that CEO overconfidence is associated with a lower willingness to increase firm risk taking when facing negative performance feedback and a higher willingness to decrease risk when facing positive feedback. An extension of our model also shows that, when firms are ...
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作者：Pettit, Krista L.; Crossan, Mary M.
作者单位：Western University (University of Western Ontario)
摘要：Research summary In this qualitative study of strategic renewal at a North American news organization we reveal that the treatment of occupational members as resources in strategy literature is necessary, but insufficient. Their activities are critical for organizational survival and competition but also the work needed to maintain their occupational identity. Furthermore, the prevailing research evidence that occupational members impede strategic renewal is incomplete. Our study challenges th...
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作者：Smulowitz, Stephen J.; Rousseau, Horacio E.; Bromiley, Philip
作者单位：International Institute for Management Development (IMD); State University System of Florida; Florida State University; University of California System; University of California Irvine
摘要：Research Summary Combining insights from the behavioral theory of the firm with sociological research on local embeddedness, we propose that community-oriented firms respond differently to performance relative to aspirations than noncommunity-oriented firms. Community-oriented firms develop long-term relations with local constituents and emphasize community goals. This orientation should buffer them from the risk-inducing effects of falling below financial aspirations, and encourage them to pu...
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作者：DesJardine, Mark R.; Durand, Rodolphe
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; Hautes Etudes Commerciales (HEC) Paris
摘要：Research Summary We investigate how hedge fund activism affects firms' financial and social performance. So far, research has examined either the impact of hedge fund activism on firms' short-term financial performance, or how other types of shareholder activism affect firms' social performance. Crossing these boundaries with data on 1,324 activist hedge fund campaigns between 2000 and 2016, we find a clear trade-off associated with hedge fund activism: benefits are shareholder-centric and sho...
