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作者：Connelly, Brian L.; Tihanyi, Laszlo; Ketchen, David J., Jr.; Carnes, Christina Matz; Ferrier, Walter J.
作者单位：Auburn University System; Auburn University; Texas A&M University System; Texas A&M University College Station; Mays Business School; University of Nebraska System; University of Nebraska Lincoln; University of Kentucky
摘要：Research summary: Past inquiry has found that implementing complex competitive repertoires (i.e., diverse and dynamic arrays of actions) is challenging, but firms benefit from doing so. Our examination of the antecedents and outcomes of complex competitive repertoires develops a more nuanced perspective. Data from 1,168 firms in 204 industries reveal that complexity initially harms performance, but then becomes a positive factor, except at high levels. We use agency and tournament theories, re...
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作者：Bermiss, Y. Sekou; Hallen, Benjamin L.; Mcdonald, Rory; Pahnke, Emily C.
作者单位：University of Texas System; University of Texas Austin; University of Washington; University of Washington Seattle; Harvard University
摘要：Research summary: This article investigates the social context of entrepreneurship in organizational sectors. Prior research suggests that firm foundings are driven by collective patterns of activity-such as patterns of prior foundings in a given sector. Building on research on social salience and signals, we consider the influence of singular sector-level triggers, which we call entrepreneurial beacons. We argue that the actions or outcomes of single, salient organizations attract and motivat...
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作者：Gans, Joshua; Ryall, Michael D.
作者单位：University of Toronto
摘要：Research summary: This article provides the first review of a growing line of scholarly work in strategy that we refer to as value capture theory. The common thread in this work is its use of cooperative game theory as a general, mathematical foundation upon which to build a deep understanding of firm performance in market settings. Our review: (1) describes the primary elements of the theory; (2) highlights important blindspots that it resolves with respect to existing theoretical approaches...
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作者：Chen, Tianxu; Qian, Lihong; Narayanan, Vadake
作者单位：Portland State University; Drexel University
摘要：Research summary: Startups often compete with diversifying entrants in the technology race to define dominant designs, which can be platform technology-based or non-platform technology-based. However, little research has examined the relative risk of technological exits for startups vs. diversifying entrants in such dominance battles. We develop a contingency framework that links a firm's technology exit to its pre-entry experience and the characteristics of the dominance battle. With a sample...
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作者：Humphery-Jenner, Mark; Sautner, Zacharias; Suchard, Jo-Ann
作者单位：University of New South Wales Sydney; Frankfurt School Finance & Management
摘要：Research summary: We show that private equity ownership (PE backing) of the acquirer is a signal of deal quality in cross-border takeovers. As such, PE-backed acquirers experience higher announcement returns in cross-border takeovers, but only if targets are in poor information environments. We show that PE backing is a positivemarket signal because of PE firms' experience and networks that result from prior deals in target countries. We document that the market correctly anticipates that oper...
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作者：Lieberman, Marvin B.; Garcia-Castro, Roberto; Balasubramanian, Natarajan
作者单位：University of California System; University of California Los Angeles; University of Navarra; Syracuse University
摘要：Research summary: Using a productivity technique (VCA model), we estimate the economic value created by a firm and appropriated by its stakeholders in two specific empirical contexts. In the first application, we use publicly available data from the U.S. airline industry to illustrate how the VCA model can be used with multiple stakeholder groups. In the second application, we provide estimates for three global automobile companies (GM, Toyota and Nissan), showing how the model can be reformul...
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作者：Chatterjee, Joydeep
作者单位：University of Washington; University of Washington Bothell; University of Pennsylvania
摘要：Research summary: In knowledge-based industries, continuous human capital investments are essential for firms to enhance capabilities and sustain competitive advantage. However, such investments present a dilemma for firms, because human resources are mobile. Using detailed project-level operational, financial, and human capital data from a leading multinational firm in the global IT services industry, this study finds that deliberate investments in improving general human capital can help fir...
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作者：Flammer, Caroline; Luo, Jiao
作者单位：Boston University; University of Minnesota System; University of Minnesota Twin Cities
摘要：Research summary: This study examines whether companies employ corporate social responsibility (CSR) to improve employee engagement and mitigate adverse behavior at the workplace (e.g., shirking, absenteeism). We exploit plausibly exogenous changes in state unemployment insurance (UI) benefits from 1991 to 2013. Higher UI benefits reduce the cost of being unemployed and hence increase employees' incentives to engage in adverse behavior. We find that higher UI benefits are associated with highe...
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作者：Levine, Sheen S.; Bernard, Mark; Nagel, Rosemarie
作者单位：University of Texas System; University of Texas Dallas; Pompeu Fabra University; ICREA
摘要：Research summary: Pursuing sources of entrepreneurial and competitive advantage, researchers have been exploring cognition. We examine how cognitive capabilities affect competitive performance, drawing on two constructs rooted in psychology and economics. A familiar one is analytic skill, the ability to solve abstract problems. To that, we add strategic intelligence the ability to anticipate competitors' behavior and preempt it. Using incentivized experiments, we measure the constructs in part...
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作者：Wei, Jiuchang; Ouyang, Zhe; Chen, Haipeng (Allan)
作者单位：Chinese Academy of Sciences; University of Science & Technology of China, CAS; Texas A&M University System; Texas A&M University College Station; Mays Business School
摘要：We study how two dimensions of reputation (i.e., generalized favorability and being known) and attribution of crisis responsibility affect firm value at the onset of a crisis. Analyzing 126 corporate crises befalling publicly listed firms in China from 2008 to 2014, we find that generalized favorability serves as a buffer; while being known can be a burden, in influencing firm value. We also find that the buffering effect of generalized favorability is stronger when the attribution of crisis r...
