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作者：Zhou, Yue M.; Wan, Xiang
作者单位：University of Michigan System; University of Michigan; University System of Ohio; Ohio State University
摘要：Research summary: This paper studies the coordination burden for firms that pursue variety as their main product strategy. We propose that product variety magnifies the tension between scale economies in production and scope economies in distribution, giving rise to complex sourcing relationships. Sourcing complexity worsens performance and poses a dilemma for organization design: A hierarchical structure with intermediate coordinating units such as sourcing hubs reduces sourcing complexity fo...
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作者：Ref, Ohad; Shapira, Zur
作者单位：Ono Academic College; New York University
摘要：Research summary: This study draws on the resource-based view and the behavioral theory of the firm to gain new insights about the effect of performance relative to aspiration level (i.e., performance feedback) on the decision to enter new markets. Results show an inverted U-shaped relationship between performance both below and above aspiration level, and the probability of firms to enter new markets. That is, when firms are well below or well above their aspiration level, they significantly ...
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作者：Eshima, Yoshihiro; Anderson, Brian S.
作者单位：University of Osaka; University of Colorado System; University of Colorado Boulder
摘要：Research summary: This paper posits adaptive capability as a mechanism through which a firm's prior growth influences the exhibition of future entrepreneurial action. Defined as the firm's proficiency in altering its understanding of market expectations, increased adaptive capability is a consequence of the new resource combinations that result from expanding organizational boundaries. Increased adaptive capability in turn corresponds to expansion of entrepreneurial activity, as firms increase...
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作者：Verhaal, J. Cameron; Hoskins, Jake D.; Lundmark, Leif W.
作者单位：University System of Georgia; Georgia State University; University of Nebraska System; University of Nebraska Omaha
摘要：Research summary: How do peripheral firms compete and secure future growth? Building on literature in strategy and organizational theory, we test a model of peripheral entry and growth in the mainstream market segment. Using data from 289 craft breweries over 11 years, we find evidence that niche producers are increasingly entering the mainstream market and competing with market-center firms. We identify two mechanisms contributing to these actions: legitimacy transfer and cognitive claims of ...
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作者：Carnahan, Seth
作者单位：University of Michigan System; University of Michigan
摘要：Research summary: This article examines the role of competitive shocks in creating opportunities for new firm foundings. I argue that the sudden dissolution of rival firms may release resources that create opportunities for firm formation, particularly among employees facing impediments to capturing value in their current organizations. Analyzing microdata from the legal services industry, I use unexpected deaths of solo-practicing attorneys as quasi-exogenous sources of rival dissolution. Res...
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作者：Kolbel, Julian F.; Busch, Timo; Jancso, Leonhardt M.
作者单位：Swiss Federal Institutes of Technology Domain; ETH Zurich; Massachusetts Institute of Technology (MIT); University of Hamburg
摘要：Research summary: This article explores the relationship between corporate social irresponsibility (CSI) and financial risk. We posit that media coverage of CSI generates risk by providing conditions that increase the potential for stakeholder sanctions. Through analyzing an international panel of 539 firms during 2008-2013, we find that firms receiving higher CSI coverage face higher financial risk. We show that the reach of the reporting media outlet is a critical condition for this relation...
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作者：Schuler, Douglas A.; Shi, Wei; Hoskisson, Robert E.; Chen, Tao
作者单位：Rice University; Indiana University System; IU Kelley School of Business; Indiana University Indianapolis; Nanyang Technological University
摘要：Research summary: We contribute to the corporate political activity (CPA) literature by showing that investors value companies that host visits of high-ranking government officials (President and Premier). We argue that investors may value host official visits for two reasons: (1) the signal received about possibility of firm accessing government-controlled resources via promotion or protection; and (2) the certification effect from such high-powered visitors elevating the firm's reputation an...
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作者：Monteiro, Felipe; Birkinshaw, Julian
作者单位：INSEAD Business School; University of London; London Business School
摘要：Research summary: We study the processes through which multinational corporations (MNCs) identify and make use of external sources of knowledge. Based on a seven-year longitudinal study of one MNC's overseas scouting unit, we show how a simple one-directional channelling process gradually gave way to three higher value-added processes, labelled translating, matchmaking, and transforming. Building on these insights, we develop an integrative framework, defining the conditions under which each o...
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作者：Raffiee, Joseph
作者单位：University of Southern California
摘要：Employee mobility can erode competitive advantage by facilitating interftrm knowledge and relationship transfer This study investigates the latter and identifies factors that influence the likelihood of its occurrence. Using a novel database that tracks the employment and client attachments of U.S. federal lobbyists, I show that repeated exchange with employees (firms) increases (decreases) the likelihood clients follow employees who switch firms. Structurally, multiplexity reduces the likelih...
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作者：Shi, Wei; Zhang, Yan; Hoskisson, Robert E.
作者单位：Indiana University System; Indiana University Indianapolis; IU Kelley School of Business; Rice University
摘要：This study proposes that CEOs may undertake intensive acquisition activities to increase their social recognition and status after witnessing their competitors' winning CEO awards. Using a sample of U.S. S&P 1,500 firm CEOs, we.find that CEOs engage in more intensive acquisition activities in the period after their competitors won CEO awards (i.e., postaward period), compared to the preaward period. Moreover, this effect is stronger when focal CEOs themselves had a high likelihood of winning C...
