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作者：Wenzel, Matthias; Koch, Jochen
作者单位：European University Viadrina Frankfurt Oder
摘要：Research Summary: In this article, we explore how keynote speeches come into being as a staged genre of strategic communication. In our critical discursive analysis of video data on Apple Inc.'s keynote speeches, we demonstrate how keynote speeches are multimodally accomplished through the embodied enactment of four discursive practices: referencing, relating, demarcating, and mystifying. We show how different bodily movements, which we describe as leveling and leaping gestures, systematically...
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作者：Menon, Anoop
作者单位：University of Pennsylvania
摘要：Research SummaryThis article explicitly introduces cognitive considerations into the treatment of strategic interactions, using the value-based framework as an extended example. Through real-world examples and prior empirical findings, it shows that many of the implicit assumptions of the framework are regularly violated in practice when actors simplify their complex realities into incomplete, inaccurate mental models. These violations lead to outcomes that are often contrary to the prediction...
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作者：Oliver, Abbie G.; Krause, Ryan; Busenbark, John R.; Kalm, Matias
作者单位：University System of Georgia; University of Georgia; Texas Christian University; Arizona State University; Arizona State University-Tempe
摘要：Research Summary: Though research has focused on the ascent and acceptance of female CEOs, the post-promotion circumstances female CEOs face remain unclear. In this study, we focus on a critical post-promotion circumstance: the board chair-CEO relationship. Drawing on the gender stereotype literature, agency theory, and stewardship theory, we posit that firms appointing a female CEO are more likely to adopt a collaboration board chair orientation and less likely to adopt a control orientation....
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作者：Lee, Joon Mahn; Park, Jung Chul; Folta, Timothy B.
作者单位：Korea University; State University System of Florida; University of South Florida; University of Connecticut
摘要：Research Summary: Combining studies on real options theory and economic short-termism, we propose that, depending on CEOs' career horizons, CEOs have heterogeneous interests in strategic flexibility, and thus, have different incentives to make real options investments. We argue that compared to CEOs with longer career horizons, CEOs with shorter career horizons will be less inclined to make real options investments because they may not fully reap the rewards during their tenure. In addition, w...
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作者：Shi, Wei; Connelly, Brian L.
作者单位：University of Miami; Auburn University System; Auburn University
摘要：Research Summary: Regulatory bodies often wrestle with the thorny question of whether to mandate a governance practice or allow for organic adoption. While mandates afford rapid diffusion, we theorize that they also result in ceremonial adoptions. Leveraging a quasi-natural experiment, we compare adoption outcomes for a governance practice-lead director adoption-that was mandated by the NYSE but not the NASDAQ. We find that NYSE firms are more likely than NASDAQ firms to have installed a lead ...
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作者：Kaul, Aseem; Luo, Jiao
作者单位：University of Minnesota System; University of Minnesota Twin Cities
摘要：Research Summary: We develop a formal model of CSR, with both a for-profit and a non-profit organization providing social goods to needy recipients and competing for resources from consumers. We show that CSR results in financial benefit if it is either related to the firm's core business, or non-overlapping with non-profit efforts, but only leads to social benefit if both conditions apply, with these relationships being moderated by the firm's core business capabilities. Our article thus make...
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作者：Ramirez, Cristian; Tarzijan, Jorge
作者单位：Pontificia Universidad Catolica de Chile
摘要：Research Summary: We evaluate how the value appropriated by employees varies in response to an exogenous shock to the price of the firm's product and how this variation depends on institutional and ownership structures. Institutional and ownership structures that favor employees can influence firms' location decisions and shareholders' incentives to invest. Using data from the main copper mines in the world, we show that the value appropriated by employees rises in response to an exogenous inc...
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作者：Choi, Seungho; McNamara, Gerry
作者单位：Ewha Womans University; Michigan State University; Michigan State University's Broad College of Business
摘要：Research Summary: We identify two types of knowledge leverage behaviors undertaken by acquiring firms: integrated and independent knowledge leverage. We address how the prior exploitation or exploration orientation of acquirers influence these two modes of knowledge leverage behaviors. The degree of exploitation of acquirers promotes integrating their existing knowledge with acquired knowledge in innovative actions. In contrast, the degree of exploration of acquirers increases the likelihood t...
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作者：Lyons, Elizabeth; Zhang, Laurina
作者单位：University of California System; University of California San Diego; University System of Georgia; Georgia Institute of Technology
摘要：Research SummaryWe evaluate a technology entrepreneurship training program by comparing career decisions among applicants accepted into the program with unaccepted applicants who are program finalists. We find that program participation is associated with an increased likelihood of subsequent entrepreneurship but that this is not uniform across participants; the estimated relationship between program participation and subsequent entrepreneurial activity is disproportionately lower for applican...
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作者：Chen, Siwen; Feldman, Emilie R.
作者单位：University of Pennsylvania
摘要：Research Summary: This study analyzes how the divestitures that are impelled by activist investors in their campaigns against public corporations affect shareholder value. Using hand-collected data on the activist campaigns that were launched against and the divestitures that were undertaken by Fortune 500 companies between 2007 and 2015, we find that activist-impelled divestitures are more positively associated with immediate and longer-term measures of shareholder value than comparable manag...
