8期

最新文章

• The costs of refocusing: Evidence from hedge fund closures during the financial crisis AI翻译
  作者：de Figueiredo, Rui J. P., Jr.; Feldman, Emilie R.; Rawley, Evan
  作者单位：University of California System; University of California Berkeley; University of Pennsylvania; University of Minnesota System; University of Minnesota Twin Cities
  摘要：Research Summary: This paper investigates the costs of corporate scope reduction (refocusing). Using data on hedge fund firms that were quasi-exogenously driven to close funds during the 2007-2009 financial crisis, we find evidence that refocusing imposes meaningful economic costs on firms. To better understand the mechanisms behind this result, we disaggregate refocusing costs along two dimensions: the degree of relatedness between the business that was closed and its sister divisions, and th...
• Culture of trust and division of labor in nonhierarchical teams AI翻译
  作者：Meier, Stephan; Stephenson, Matthew; Perkowski, Patryk
  作者单位：Columbia University
  摘要：Research Summary: Firms exhibit heterogeneity in size, productivity, and internal structure, and this is true even within the same industry. Our paper provides evidence of a link between an organization's culture-specifically the trust environment-and its level of specialization. We show experimentally that exogenously-imposed culture endogenously leads to variation in organizational form. We prime trust and demonstrate that the level of trust within an organization affects division of labor a...
• Corporate social responsibility as a defense against knowledge spillovers: Evidence from the inevitable disclosure doctrine AI翻译
  作者：Flammer, Caroline; Kacperczyk, Aleksandra
  作者单位：Boston University; University of London; London Business School
  摘要：Research Summary: We examine whether companies respond to the threat of knowledge leakage by strategically increasing their engagement in corporate social responsibility (CSR). To obtain exogenous variation in the threat of knowledge leakage, we exploit a natural experiment provided by the rejection of the inevitable disclosure doctrine (IDD) by several U.S. states. Using a difference-in-differences methodology we find that, following the rejection of the IDD, companies significantly increase ...
• 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...
• Optimal distinctiveness, strategic categorization, and product market entry on the Google Play app platform AI翻译
  作者：Barlow, Matthew A.; Verhaal, J. Cameron; Angus, Ryan W.
  作者单位：University of Nebraska System; University of Nebraska Lincoln; Tulane University; West Virginia University
  摘要：Research Summary: New entrants often face uncertainty regarding how to optimally position themselves within product markets. We suggest that new entrants can use two important schemas to strategically categorize themselves to gain a competitive advantage in platform markets: category exemplars and category prototypes. Using a unique dataset of more than 83,000 new Google Play developers and more than 139,000 apps, we find that the optimally distinct entry point is at a high level of exemplar s...
• Measuring CEO personality: Developing, validating, and testing a linguistic tool AI翻译
  作者：Harrison, Joseph S.; Thurgood, Gary R.; Boivie, Steven; Pfarrer, Michael D.
  作者单位：Texas Christian University; Utah System of Higher Education; Utah State University; Texas A&M University System; Texas A&M University College Station; Mays Business School; University System of Georgia; University of Georgia
  摘要：Research Summary: We introduce to the upper echelons literature a novel, linguistic measure of CEOs' Big Five personality traits that we specifically developed and validated using a sample of CEOs. We then provide a predictive test of the measure by applying it to a sample of more than 3,000 CEOs of S&P 1500 firms to explore the direct and interactive effects of CEOs' Big Five personality traits and firm performance on strategic change. Our validated, unobtrusive measure of CEOs' Big Five trai...
• Transparency and replicability in qualitative research: The case of interviews with elite informants AI翻译
  作者：Aguinis, Herman; Solarino, Angelo M.
  作者单位：George Washington University; University of Leeds
  摘要：Research Summary: We used interviews with elite informants as a case study to illustrate the need to expand the discussion of transparency and replicability to qualitative methodology. An analysis of 52 articles published in Strategic Management Journal revealed that none of them were sufficiently transparent to allow for exact replication, empirical replication, or conceptual replication. We offer 12 transparency criteria, and behaviorally-anchored ratings scales to measure them, that can be ...