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作者：Hiatt, Shon R.; Carlos, W. Chad
作者单位：University of Southern California; Brigham Young University
摘要：Research SummaryAlthough scholarship has demonstrated that market categories offer important signals to entrepreneurs about which goods and services are valued, little research has considered how entrepreneurs make sense of and exploit opportunities when contestation over category meaning persists. Using the emergent U.S. biodiesel market as a context, we present a framework to explain how the salience of different stakeholder frames shapes entrepreneurs' perceptions of market opportunities an...
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作者：Asmussen, Christian Geisler; Fosfuri, Andrea
作者单位：University of London; King's College London; Copenhagen Business School; Bocconi University; Bocconi University
摘要：Research Summary: Multinational enterprises (MNEs) invest significant resources in corporate social responsibility (CSR), but their attempts to build a global social brand may clash with the execution of operational strategies at a subsidiary level. Using a game-theoretic model, this research addresses the complex interplay of different contingencies that shape the coordination and control challenges facing MNEs when they implement global CSR strategies, including brand spillovers, the risk of...
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作者：Piazzai, Michele; Wijnberg, Nachoem M.
作者单位：University of Amsterdam; University of Johannesburg
摘要：Research SummaryGame theory suggests that, in oligopolistic markets characterized by nonprice competition, dominant incumbents can use product proliferation to occupy a region of the product space (i.e., a subspace) and deter rivals from imitating their products. In part, this is because product proliferation makes the introduction of close substitutes comparatively less profitable; in part, it is because the strategy conveys a threat of retaliation to potential imitators. Yet this threat is o...
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作者：Belenzon, Sharon; Shamshur, Anastasiya; Zarutskie, Rebecca
作者单位：Duke University; National Bureau of Economic Research; University of East Anglia; Charles University Prague; Czech Academy of Sciences; Economics Institute of the Czech Academy of Sciences; Czech Academy of Sciences; Federal Reserve System - USA; Federal Reserve System Board of Governors
摘要：Research SummaryUsing detailed ownership and financial information from a large sample of owner-managed private firms in three Western European countries, this paper examines the relationship between CEO's age and firm's performance. Tracking firms over time, we find that as a CEO ages, the firm experiences lower investment, lower sales growth, and lower profitability, but also higher probability of survival, suggesting a trade-off between the managerial approaches of younger and older CEOs. T...
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作者：Hendricks, Bradley; Howell, Travis; Bingham, Christopher
作者单位：University of North Carolina; University of North Carolina Chapel Hill
摘要：Research SummaryAs firms mature, their founders are often replaced with seasoned executives. When founders are retained, the surrounding top management team (TMT) members are viewed as critical resources in helping compensate for the founder's managerial deficiencies. Surprisingly, however, little is known about how TMT members affect a founder-led firm's performance later in a firm's life. Using novel methods and a sample of over 2,000 firms, we address this gap. We find that although team st...
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作者：Richard, Orlando Curtae'; Wu, Jie; Markoczy, Livia Anna; Chung, Yunhyung
作者单位：University of Texas System; University of Texas Dallas; University of Macau; University of Idaho
摘要：Research summaryDrawing on the demographic faultline perspective and the concept of attribute-specific faultlines, we investigate the effect of top management team (TMT) relationship-related (gender, age, educational level) and task-related (functional background, tenure) faultline strengths on strategic change. In a panel study (2003-2015), we find that TMT relationship-related faultline strength (especially educational-level) negatively influences strategic change whereas TMT task-related fa...
