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作者：Castellaneta, Francesco; Conti, Raffaele; Kacperczyk, Aleksandra
作者单位：Universidade Catolica Portuguesa; Massachusetts Institute of Technology (MIT)
摘要：We investigate the impact of trade secret legal protection on firm market value in the context of acquisitions. On one hand, market value may increase because trade secret assets become better protected from rivals. On the other hand, market value may decrease because trade secret protection reduces information about the target and its competitors available to potential buyers, increasing uncertainty about its value. Buyers will discount their offers in expectation of being compensated for ris...
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作者：Fonti, Fabio; Maoret, Massimo; Whitbred, Robert
作者单位：ESC Rennes School of Business; University of Navarra; IESE Business School; University System of Ohio; Cleveland State University
摘要：Research summary: Multi-party alliances rely on partners' willingness to commit and pool their efforts in joint endeavors. However, partners face the dilemma of how much to commit to the alliance. We shed light on this issue by analyzing the relationship between partners' free-riding-defined as their effort-withholding-and their perceptions of alliance effectiveness and peers' collaboration. Specifically, we posit a U-shaped relationship between partners' subjective evaluations of alliance eff...
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作者：Dowell, Glen W. S.; Muthulingam, Suresh
作者单位：Cornell University; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：Research summary: Research on the link between financial and environmental performance implicitly assumes that firms will pursue profitable environmental actions. Yet, clearly, factors beyond profitability influence firms' environmental choices. We treat these choices as organizational change decisions and hypothesize that adoption of environmental initiatives is influenced by a combination of profit, level of disruption caused, and external influences. We test our hypotheses by examining firm...
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作者：Gupta, Abhinav; Briscoe, Forrest; Hambrick, Donald C.
作者单位：University of Washington; University of Washington Seattle; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：Research summary: Why do firms vary so much in their stances toward corporate social responsibility (CSR)? Prior research has emphasized the role of external pressures, as well as CEO preferences, while little attention has been paid to the possibility that CSR may also stem from prevailing beliefs among the body politic of the firm. We introduce the concept of organizational political ideology to explain how political beliefs of organizational members shape corporate advances in CSR. Using a ...
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作者：Mahmood, Ishtiaq P.; Zhu, Hongjin; Zaheer, Akbar
作者单位：National University of Singapore; McMaster University; University of Minnesota System; University of Minnesota Twin Cities
摘要：Research summary: Although prior research has suggested that equity ties are important for business groups, less attention has been paid to the specific mechanisms through which equity ties create value. We develop a framework that specifies how centralization of intragroup equity ties affects the performance of group affiliates. We use the exogenous shock of the 2008 financial crisis and a difference-in-differences analysis of 51,730 observations of business group affiliates in Taiwan to show...
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作者：Cattani, Gino; Porac, Joseph F.; Thomas, Howard
作者单位：New York University; Singapore Management University
摘要：Research summary: In this article, we review, integrate, and extend the literature on markets, competition, and categories as it applies to strategic management theory. Developments in the literatures of economics and organizational theory have shed new light on market categories and category dynamics. These developments highlight the fact that boundary questions are fundamental to the competitive process, and represent a fertile area for research and theory. The objective is to encourage a th...
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作者：Berchicci, Luca; Dowell, Glen; King, Andrew A.
作者单位：Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; Cornell University; Dartmouth College
摘要：Research summary: Scholars and policy-makers have tended to assume that asset sales have a negative effect on stakeholders, but quantitative evidence to inform the debate has been scarce. In our research, we explored one way such sales could be beneficial: by facilitating the transfer of specialized capabilities used for environmental improvement. Employing quantitative data from a longitudinal sample of U.S. manufacturers, we find evidence consistent with the transfer of capabilities to or fr...
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作者：Kim, Eun-Hee; Youm, Yoo Na
作者单位：Fordham University; Loyola University Chicago
摘要：Research summary: The importance of firm-stakeholder relationships is gaining increasing attention. Although a theory of the drivers and consequences of stakeholder pressure has been developing, it focuses on pressures from organized stakeholders such as shareholders, NGOs, and activists, and does not incorporate the emerging possibility that individual voices may matter. By exploring corporate Twitter, which facilitates movement of individual stakeholders such as customers to a higher stakeho...
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作者：Jiang, Han; Cannella, Albert A., Jr.; Xia, Jun; Semadeni, Matthew
作者单位：University of Arizona; Texas A&M University System; Texas A&M University College Station; Mays Business School; University of Texas System; University of Texas Dallas; Arizona State University; Arizona State University-Tempe
摘要：Executives in declining firms may engage in ship-jumping behavior (i.e., voluntarily move to new employers before the failure occurs) to avoid the stigma of failure. However, it is unclear how executives decide whether or not to jump ship. Building on a network embeddedness perspective, we highlight how three network-based indicators (i.e., executive social capital, the social capital of other peers in the declining Jim, and the declining firm's alliance network) influence the executive-level ...
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作者：Yao, Fiona K.; Chang, Song
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; Hong Kong Baptist University
摘要：In this study, we build on the micro-foundations perspective and investigate how individual characteristics contribute to the development of firm absorptive capacity. In particular; we assess how individual learning goal orientation affects firm potential and realized absorptive capacity. Furthermore, we study how individuals' civic virtue acts as a micro-level social integration mechanism that moderates the effect from firm realized absorptive capacity to potential absorptive capacity. Using ...
