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作者：Boone, Christophe; Lokshin, Boris; Guenter, Hannes; Belderbos, Rene
作者单位：University of Antwerp; Maastricht University; KU Leuven
摘要：Research Summary We integrate insights from upper echelon theory and the literature on innovation and multinational corporations (MNCs) to develop a framework explaining when and why nationality diversity in top management teams (TMTs) affects corporate entrepreneurship-as evidenced by diversity in global knowledge sourcing-and through this innovation performance in MNCs. In a panel of 165 manufacturing MNCs based in 20 countries, we confirm that the positive effects of TMT nationality diversi...
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作者：Criscuolo, Paola; Alexy, Oliver; Sharapov, Dmitry; Salter, Ammon
作者单位：Imperial College London; Technical University of Munich; University of Bath
摘要：Research summary Patent data is a valued source of information for strategy research. However, patent-based studies may suffer from sample selection bias given that patents result from within-firm selection processes and hence do not represent the full population of inventions. We assess how incidental and nonincidental data truncation resulting from firm-level and inventor-level selection processes may result in sample selection bias using a quasi-replication approach, drawing on rich qualita...
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作者：Choudhury, Prithwiraj; Kim, Do Yoon
作者单位：Harvard University
摘要：Research Summary Ethnic migrant inventors may differ from locals in terms of the knowledge they bring to host firms. Using a unique dataset of Chinese and Indian herbal patents filed in the United States, we find that an increase in the supply of first-generation ethnic migrant inventors increases the rate of codification of herbal knowledge at U.S. assignees by 4.5%. Our identification comes from an exogenous shock to the quota of H1B visas and from a list of entities exempted from the shock....
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作者：Ren, Charlotte R.; Hu, Ye; Cui, Tony H.
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; University of Houston System; University of Houston; University of Minnesota System; University of Minnesota Twin Cities
摘要：Research Summary This study investigates incumbent responses to a main rival's exit. We argue that long-time rivals have developed an equilibrium by offering a mix of overlapping and unique products and by choosing geographic proximity to each other. A rival's exit, however, disrupts this equilibrium and motivates surviving firms to expand in both product and geographic spaces to seek a new equilibrium. Using data from all U.S. Best Buy stores before and after the exit of Circuit City, we find...
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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...
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作者：Wibbens, Phebo D.
作者单位：INSEAD Business School
摘要：Research Summary This paper presents a formal model of how higher-order resources affect profit persistence. Higher-order resources provide an abstract representation of dynamic capabilities, and are defined as resources that do not affect profit directly, but can affect other resources that in turn affect profit over time. The model shows that higher-order resources lead to persistence not only in the level of profit, but also in its growth. Estimation of the model using empirical profit data...
