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作者：Claussen, Joerg; Essling, Christian; Peukert, Christian
作者单位：University of Munich; Copenhagen Business School; Universidade Catolica Portuguesa
摘要：Research SummaryEntry into dynamic environments can be challenging for firms. We study if, and under which circumstances, firms can use strategic flexibility to enter markets with variable demand. In the airline industry, we find broad support for our hypotheses. We observe less entry with more demand variation, more entry of more flexible firms, and that more flexible firms are more likely to enter markets with greater variation in demand. Furthermore, we find that this relationship is especi...
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作者：Mata, Jose; Alves, Claudia
作者单位：University of Lausanne; Universidade Nova de Lisboa
摘要：Research Summary: We propose that the liability of foreignness (LOF) applies to individuals and not only to firms. To identify such a liability, we study entrepreneurial firms created by natives and immigrants. Firms created by immigrants have a lower rate of survival than those founded by natives. Work experience in the host country and size of the immigrant's national community improves the chances of survival of firms founded by immigrants, in particular, for firms founded by immigrants fro...
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作者：Ross, David Gaddis
作者单位：State University System of Florida; University of Florida
摘要：Research SummaryA growing literature uses cooperative game theory to develop formal strategy theories of value creation and value capture. In a recent review, Gans and Ryall () provide an introduction to this literature in which they emphasize the biform modeling framework of Brandenburger and Stuart (, ). The purpose of this article is to extend the work of Gans and Ryall () by (a) discussing the many ways that cooperative game theory and allied models can contribute to strategy research beyo...
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作者：Duanmu, Jing-Lin; Bu, Maoliang; Pittman, Russell
作者单位：University of Surrey; Nanjing University
摘要：Research Summary: Departing from the extant literature, which assumes that firms pursue strong environmental performance as a differentiation strategy, we analyze the general relationship between firms' competitive strategy and their response to heightened market competition. We find that, using a large sample of Chinese manufacturing firms between 2000 and 2005, intensified market competition has an overall negative impact on firms' environmental performance. The negative impact is exacerbate...
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作者：Burbano, Vanessa C.; Mamer, John; Snyder, Jason
作者单位：Columbia University; Utah System of Higher Education; University of Utah
摘要：Research Summary: Inquiry into CSR as a human capital management tool has suggested that firms benefit from such activities because employees value the meaningfulness of these activities, which influences motivation and retention. We propose an alternate avenue through which firms can benefit from an important type of socially responsible activitypro bono servicesthat does not require that employees derive utility from the meaningfulness of the activity. We propose that pro bono activities can...
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作者：Contigiani, Andrea; Hsu, David H.; Barankay, Iwan
作者单位：University of Pennsylvania
摘要：Research Summary: Does heightened employer-friendly trade secrecy protection help or hinder innovation? By examining U.S. state-level legal adoption of a doctrine allowing employers to curtail inventor mobility if the employee would inevitably disclose trade secrets, we investigate the impact of a shifting trade secrecy regime on individual-level patenting outcomes. Using a difference-in-differences design taking unaffected U.S. inventors as the comparison group, we find strengthening employer...
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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：Lee, Kyeong Hun
作者单位：Norwegian School of Economics (NHH)
摘要：Research Summary: This article exploits a natural experiment to estimate the causal effect of political uncertainty on bargaining outcomes in cross-border acquisitions. We argue that political uncertainty alters the relative bargaining power between acquiring versus target firms. The host country's political uncertainty makes the returns on cross-border acquisitions more unpredictable. Accordingly, foreign acquirers demand compensation for such uncertainty in negotiations, otherwise they will ...
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作者：Koch-Bayram, Irmela F.; Wernicke, Georg
作者单位：University of Mannheim; Hautes Etudes Commerciales (HEC) Paris
摘要：Research Summary: We examine the influence of CEOs' military background on financial misconduct using two distinctive datasets. First, we make use of accounting and auditing enforcement releases (AAER) issued by the U.S. Securities and Exchange Commission (SEC), which contain intentional and substantial cases of financial fraud. Second, we use a dataset of lucky grants, which provide a measure of the likelihood of grant dates of CEOs' stock options having been manipulated. Results for both dat...
