2019

最新文章

• How the severity gap influences the effect of top actor performance on outcomes following a violation AI翻译
  作者：Busenbark, John R.; Marshall, Nathan T.; Miller, Brian P.; Pfarrer, Michael D.
  作者单位：University of Notre Dame; University of Colorado System; University of Colorado Boulder; Indiana University System; Indiana University Bloomington; IU Kelley School of Business; University System of Georgia; University of Georgia
  摘要：Research Summary Violation severity represents an important contextual factor in explaining the extent to which top actor performance is a benefit or burden following a negative event. Research often conflates how observers perceive an event with its objective severity, however, while ignoring the potential divergence between both types. We therefore introduce the severity gap, which reflects the degree to which perceived and objective violation severity diverge, and we theorize about how it i...
• Foundations of entrepreneurial strategy AI翻译
  作者：Gans, Joshua S.; Stern, Scott; Wu, Jane
  作者单位：University of Toronto; National Bureau of Economic Research; Massachusetts Institute of Technology (MIT)
  摘要：Research Summary: This paper develops an integrated framework linking the nature of the entrepreneurial choice process to the foundations of entrepreneurial strategy. Because entrepreneurs face many alternatives that cannot be pursued at once, entrepreneurs must adopt (implicitly or explicitly) a process for choosing among entrepreneurial strategies. The interplay between uncertainty and learning has the consequence that commitment-free analysis yields multiple, equally viable alternatives fro...
• The liability of opaqueness: State ownership and the likelihood of deal completion in international acquisitions by Chinese firms AI翻译
  作者：Li, Jiatao; Li, Peixin; Wang, Baolian
  作者单位：Hong Kong University of Science & Technology; State University System of Florida; University of Florida
  摘要：Research Summary State-owned enterprises (SOEs) are often more opaque than other types of firms. This opaqueness tends to generate resistance when SOEs undertake cross-border acquisitions. Opaqueness can also aggravate concerns about an SOE's semipolitical nature and its susceptibility to agency problems, making gaining legitimacy harder. Data on attempted foreign acquisitions by Chinese firms were analyzed to compare the likelihood of deal completion between SOEs and firms with other forms of...
• Instrumental and affective ties within the laboratory: The impact of informal cliques on innovative productivity AI翻译
  作者：Gomez-Solorzano, Manuel; Tortoriello, Marco; Soda, Giuseppe
  作者单位：Tilburg University; Bocconi University; Bocconi University
  摘要：Research Summary In this paper, we contribute to research on networks and innovation by distinguishing between instrumental and affective ties and assessing their impact on individual innovativeness. In particular, using original data from the corporate R&D laboratory of a global pharmaceutical company, we evaluate how a specific structural arrangement (i.e., belonging to a clique) affects inventors' innovative productivity. Our results show that both instrumental/knowledge-sharing cliques and...
• A behavioral theory of alliance portfolio reconfiguration: Evidence from pharmaceutical biotechnology AI翻译
  作者：Kavusan, Korcan; Frankort, Hans T. W.
  作者单位：Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC; City St Georges, University of London
  摘要：Research Summary Extant research suggests that firms rationally evaluate external and/or internal contingencies when deciding how to reconfigure their alliance portfolios. We advance a behavioral perspective which assumes that managers are boundedly rational and thus rely on behavioral heuristics when making alliance portfolio reconfiguration decisions. In panel data on U.S.-listed biotechnology firms, we find that below-aspiration performance motivates a firm to form alliances with novel part...
• Pushing for speed or scope? Pharmaceutical lobbying and Food and Drug Administration drug review AI翻译
  作者：Barber, Benjamin; Diestre, Luis
  作者单位：IE University
  摘要：Research Summary: We argue firms implementing political activities face a fundamental trade-off between the content and the speed of public officials' decisions. Firms can use their political capital to speed up public officials' decisions at the expense of less customized content, or to push for more tailored content at the expense of speed. How do firms respond to this trade-off? We argue firms' nonmarket strategies are determined by their market environment: they will push for content or sp...
• NGOs and the creation of value in supply chains AI翻译
  作者：Chatain, Olivier; Plaksenkova, Elena
  作者单位：Hautes Etudes Commerciales (HEC) Paris; Hautes Etudes Commerciales (HEC) Paris
  摘要：Research Summary: Finns and nongovernmental organizations (NGOs) often collaborate to establish new supply chains. With a formal model, we analyze how NGOs can alleviate market failures and improve supplier economic inclusion while strategically interacting with firms. We account for the specific goals of the NGO and the need to induce collaboration between firms and their suppliers. The analysis reveals a valley of frustration, when NGO efforts benefit all actors but only marginally the firm....
• Strategic responses to shocks: Comparative adjustment costs, transaction costs, and opportunity costs AI翻译
  作者：Argyres, Nicholas; Mahoney, Joseph T.; Nickerson, Jackson
  作者单位：Washington University (WUSTL); University of Illinois System; University of Illinois Urbana-Champaign
  摘要：Research Summary: Shocks, whether they derive from shifts in demand, supply, regulation, or innovation, can create the need for competitive repositioning by industry participants when they disrupt established sources of competitive advantage. Such situations can therefore create a canonical strategic problem: whether, where, and how to (re-)position following an industry shock. In this paper, we explore the role of comparative adjustment costs in determining competitive advantage in dynamic en...
• Reshaping demand landscapes: How firms change customer preferences to better fit their products AI翻译
  作者：Vinokurova, Natalya
  作者单位：University of Pennsylvania
  摘要：Research Summary What strategies do firms use to change their customers' preferences? This paper addresses this question by developing a conceptual model that combines the representation of customer preferences as a demand landscape with research on marketing and psychology. I suggest that in addition to changing their products to accommodate customer preferences, firms also change the distribution of customer preferences to accommodate the firms' products. Specifically, I argue that firms alt...
• Market reactions to non-market strategy: Congressional testimony as an indicator of firm political influence AI翻译
  作者：Ridge, Jason W.; Ingram, Amy; Abdurakhmonov, Mirzokhidjon; Hasija, Dinesh
  作者单位：University of Arkansas System; University of Arkansas Fayetteville; Clemson University
  摘要：Research Summary We argue that because influence in the political arena can net benefits for firms, investors will respond favorably to indications of firm political influence. We focus on testimony before Congress because it is one of the most highly sought after and influential points of governmental access. Our findings indicate that firms reap positive abnormal returns surrounding Congressional testimony and that investors respond more favorably to aspects of testimony that indicate additi...