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作者：Damaraju, Naga Lakshmi; Makhija, Anil K.
作者单位：Indian School of Business (ISB); University System of Ohio; Ohio State University
摘要：Research Summary: The role of homophily in CEO appointments at the largest corporations is an important subject in corporate governance. This subject is particularly important in a country like India where a multitude of religions, castes, and communities form its social fabric. We test for the role of homophily in professional CEO appointments in India by empirically examining the preference for same caste/religion CEOs by the largest firms. Using a unique dataset, assembled by detailed ident...
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作者：Joseph, John; Wilson, Alex J.
作者单位：University of California System; University of California Irvine; University of Minnesota System; University of Minnesota Twin Cities
摘要：Research summary: Although most theories of growth presume that growth varies with the focus and limits of managerial attention, the actual role played by attention has remained largely implicit. In contrast, this article explicitly considers attention structure and the processes that place sustained focus on growth issues. We explain how attention structure-specialized attention within a particular unit and integrated attention between units-affects both bottom-up (stimulus-driven) and top-do...
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作者：Kaul, Aseem; Nary, Paul; Singh, Harbir
作者单位：University of Minnesota System; University of Minnesota Twin Cities; University of Pennsylvania
摘要：Research Summary: We examine the role of nonventure private equity firms in the market for divested businesses, comparing targets bought by such firms to those bought by corporate acquirers. We argue that a combination of vigilant monitoring, high-powered incentives, patient capital, and business independence makes private equity firms uniquely suited to correcting underinvestment problems in public corporations, and that they will therefore systematically target divested businesses that are o...
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作者：Posen, Hart E.; Martignoni, Dirk
作者单位：University of Wisconsin System; University of Wisconsin Madison; Universita della Svizzera Italiana
摘要：Research Summary: Imitation is a central construct in strategy theory because it is assumed to diminish inter-firm performance heterogeneity within an industry. We revisit this assumption, which is premised on the logic that imitated practices act directly to make the imitator more similar to its target. This logic is incomplete because imitation also acts indirectly-via its effect on an imitator's post-imitation experiential learning efforts through which it refines imitated practices and fil...
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作者：Laureiro-Martinez, Daniella; Brusoni, Stefano
作者单位：Swiss Federal Institutes of Technology Domain; ETH Zurich
摘要：Research Summary: How can strategic decision makers overcome inertia when dealing with change? In this article we argue that cognitive flexibility (i.e., the ability to match the type of cognitive processing with the type of problem at hand) enables decision makers to achieve significantly higher decision-making performance. We show that superior decision-making performance is associated with using semiautomatic Type 1 cognitive processes when faced with well-structured problems, and more deli...
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作者：Arts, Sam; Cassiman, Bruno; Carlos Gomez, Juan
作者单位：KU Leuven; University of Navarra; IESE Business School; Universidad de Guanajuato
摘要：Research Summary: We propose using text matching to measure the technological similarity between patents. Technology experts from different fields validate the new similarity measure and its improvement on measures based on the United States Patent Classification System, and identify its limitations. As an application, we replicate prior findings on the localization of knowledge spillovers by constructing a case-control group of text-matched patents. We also provide open access to the code and...
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作者：Li, Jing; Xia, Jun; Zajac, Edward J.
作者单位：Simon Fraser University; University of Texas System; University of Texas Dallas; Northwestern University
摘要：Research SummaryIn this study, we propose and test a multi-stakeholder perspective to address variation in innovation performance across firms. Specifically, we analyze how a focal firm's innovation performance is shaped by its political stakeholders (local and central governments) and economic stakeholders (suppliers, buyers, and competitors). Using a data set consisting of over 26,400 Chinese firms, we first find support for our predictions that a focal firm's innovation performance will be ...
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作者：Feldman, Emilie R.; Gartenberg, Claudine; Wulf, Julie
作者单位：University of Pennsylvania; National Bureau of Economic Research
摘要：Research Summary: This paper analyzes how pay inequality influences divestiture decisions. Using detailed data on division manager compensation and divestiture activity, this study documents that firms are more likely to divest divisions when pay inequality among division managers is higher. To address potential bias in the measurement of pay inequality, we construct a synthetic measure that varies with regional and industry pay shocks that differentially affect division managers within firms....
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作者：Hornstein, Abigail S.; Zhao, Minyuan
作者单位：Wesleyan University; University of Pennsylvania
摘要：Research Summary: Corporate philanthropy has long been recognized as an important part of multinational strategy, yet we know relatively little how charitable giving is allocated across countries. Using a sample of 208 U.S.-based corporate foundations from 1993 to 2008, we find that the foundations give more in countries with opaque institutional environments, but they do so through international intermediaries. They also give more when the funding firms have new entries in countries with weak...
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作者：Khanna, Rajat; Guler, Isin; Nerkar, Atul
作者单位：Tulane University; University of North Carolina; University of North Carolina Chapel Hill; University of North Carolina School of Medicine
摘要：Research Summary: This study explores the role of knowledge interdependencies on the termination of patented inventions. Termination refers to the abandonment of inventive efforts that are no longer deemed promising. We argue that high interdependencies between an inventive effort and the other inventions in the same research program will increase the cognitive burden on managers and decrease the likelihood of termination. Further, in the presence of interdependencies, managers are likely to r...
