-
作者：Oehmichen, Jana; Schrapp, Sebastian; Wolff, Michael
作者单位：University of Gottingen
摘要：Research summary: We analyze the effects of board industry expertise on corporate strategic change and the moderating role of institutional quality. We suggest that country-level contingency factors mitigate the effect of experienced boards on strategy formation by providing alternative sources of information and control in strategic matters. We develop institutional quality as institutional information provision and institutional control provision to test our hypotheses on a sample of firms f...
-
作者：Dorobantu, Sinziana; Kaul, Aseem; Zelner, Bennet
作者单位：New York University; University of Minnesota System; University of Minnesota Twin Cities; University System of Maryland; University of Maryland College Park
摘要：Research summary: We use a novel theoretical framework to synthesize ostensibly disparate streams of nonmarket strategy research. We argue that faced with weak institutions, firms can create and appropriate value by either adapting to, augmenting, or transforming the existing institutional environment, and can do so either independently or in collaboration with others. We use the resulting typology of six distinct nonmarket strategies to provide an integrative review of nonmarket strategy rese...
-
作者：Zorn, Michelle L.; Shropshire, Christine; Martin, John A.; Combs, James G.; Ketchen, David J., Jr.
作者单位：Auburn University System; Auburn University; Arizona State University; Arizona State University-Tempe; University System of Ohio; Wright State University Dayton; State University System of Florida; University of Central Florida
摘要：Research summary: Corporate scandals of the previous decade have heightened attention on board independence. Indeed, boards at many large firms are now so independent that the CEO is home alone as the lone inside member. We build upon pro-insider research within agency theory to explain how the growing trend toward lone-insider boards affects key outcomes and how external governance forces constrain their impact. We find evidence among S&P 1500 firms that having a lone-insider board is associa...
-
作者：Bos, Brenda; Faems, Dries; Noseleit, Florian
作者单位：University of Groningen
摘要：Research summary: This article explores the distribution of alliances across firms' internal structure. Focusing on multinational companies, we examine the impact of alliance portfolio concentrationi.e., the extent to which alliances are concentrated within a limited number of geographic unitson focal firms' performance. Relying on Knowledge-Based View (KBV) insights, we hypothesize that an increase in alliance portfolio concentration positively influences firm performance and that alliance po...
-
作者：Vanacker, Tom; Collewaert, Veroniek; Zahra, Shaker A.
作者单位：Ghent University; Vlerick Business School; KU Leuven; University of Minnesota System; University of Minnesota Twin Cities
摘要：Research summary: Integrating the behavioral and institutional perspectives, we propose that a country's formal institutions, particularly its legal frameworks, affect managers' deployment of slack resources. Specifically, we explore the moderating effects of creditor and employee rights on the performance effects of slack. Using longitudinal data from 162,633 European private firms in 26 countries, we find that financial slack enhances firm performance at diminishing rates, whereas human reso...
-
作者：Ethiraj, Sendil K.; Gambardella, Alfonso; Helfat, Constance E.
作者单位：University of London; London Business School; Bocconi University; Dartmouth College
摘要：SMJ welcomes high-quality reviews of strategic management research that not only synthesize existing research, but also seek to stimulate new research. As the field of strategic management has matured, many new research streams and perspectives have emerged. Reviews contribute to greater shared understanding and can promote cross-fertilization across different streams of research. Copyright c 2016 John Wiley & Sons, Ltd.
-
作者：Mellewigt, Thomas; Thomas, Adeline; Weller, Ingo; Zajac, Edward J.
作者单位：Free University of Berlin; University of Munich; Northwestern University
摘要：Research summary: While alliance researchers view prior partner-specific alliance experience as influencing firms' subsequent alliance or acquisition decisions, empirical evidence on the alliance versus acquisition decision is surprisingly mixed. We offer a reconciliation by proposing and testing an analytical framework that recognizes prior partner-specific experiences as heterogeneous along three fundamental dimensions: partner-specific trust, routines, and value certainty. This allows us to...
-
作者：Deb, Palash; David, Parthiban; O'Brien, Jonathan
作者单位：California State University System; California State University San Marcos; American University; University of Nebraska System; University of Nebraska Lincoln
摘要：Research summary: Cash can create shareholder value when used for adaptation to unfolding contingencies, but can also reduce value when appropriated by other stakeholders. We synthesize arguments from the behavioral theory of the firm, economic perspectives like agency theory, and the value-creation versus value-appropriation literatures to argue that the implications of cash for firm performance are context-specific. Cash is more beneficial for firms operating in highly competitive, research-...
-
作者：Bridoux, Flore; Coeurderoy, Regis; Durand, Rodolphe
作者单位：University of Amsterdam; heSam Universite; ESCP Business School; Universite Catholique Louvain; Hautes Etudes Commerciales (HEC) Paris
摘要：Research summary: Limited attention has been paid to the crucial role of individuals' motivation and social interactions in capability development. Building on literature in social psychology and behavioral economics that links heterogeneity in individual social motives to social interactions, we explain how the variation, selection, and retention processes underlying a group's deliberate capability development are affected by the composition of the group in terms of individuals' social motive...
-
作者：Makino, Shige; Chan, Christine M.
作者单位：Chinese University of Hong Kong; University of Hong Kong
摘要：Research summary: Most strategic management studies adopt an average-centered view that uses the central tendency to explain between-group variation in performance (i.e., performance differences between business units, firms, industries, and countries). In this study, we explain within-group variation using a variance-centered view that focuses on the peripheral characteristics of performance distributions as defined by skew and heavy tails (i.e., variance and kurtosis). Drawing on performance...
