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作者：Park, U. David; Borah, Abhishek; Kotha, Suresh
作者单位：University of Washington; University of Washington Seattle; University of Washington; University of Washington Seattle
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作者：Shiu, Yung-Ming; Yang, Shou-Lin
作者单位：National Chengchi University; Da Yeh University
摘要：Research summary: This study examines whether the stock and bond prices of firms engaging in corporate social responsibility (CSR) can benefit from insurance-like effects during occurrences of negative events. Our results suggest that in the face of negative events, engagement in CSR on a continuous, long-term basis provides insurance-like effects on both the stock and bond prices of firms. Nevertheless, the effects are found to quickly disappear following the occurrence of a second, or subseq...
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作者：Wassmer, Ulrich; Li, Sali; Madhok, Anoop
作者单位：emlyon business school; University of South Carolina System; University of South Carolina Columbia; York University - Canada
摘要：Research summary: Partner resources can be an important alternative to internal firm resources for attaining dual and seemingly incompatible strategic objectives. We extend arguments about managing conflicting objectives typically made at the firm level to the level of a firm's alliance portfolio. Specifically, will a balance between revenue enhancement and cost reduction attained collectively through partner resources accessed via a firm's various alliances be similarly beneficial for firm pe...
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作者：Gartenberg, Claudine; Pierce, Lamar
作者单位：New York University; Washington University (WUSTL)
摘要：Research summary: This study uses the 2008 mortgage crisis to demonstrate how the relationship between vertical integration and performance crucially depends on corporate governance. Prior research has argued that the vertical integration of mortgage origination and securitization aligned divisional incentives and improved lending quality. We show that vertical integration improved loan performance only in those firms with strong corporate governance and that this performance-integration relat...
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作者：Grigoriou, Konstantinos; Rothaermel, Frank T.
作者单位：State University System of Florida; Florida International University; University System of Georgia; Georgia Institute of Technology
摘要：Research summary: When faced with a new technological paradigm, incumbent firms can opt for internal development and/or external sourcing to obtain the necessary new knowledge. We explain how the effectiveness of external knowledge sourcing depends on the properties of internal knowledge production. We apply a social network lens to delineate interpersonal, intra-firm knowledge networks and capture the emergence of two important firm-level properties: the incumbent's internal potential for kno...
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作者：Chatain, Olivier; Meyer-Doyle, Philipp
作者单位：Hautes Etudes Commerciales (HEC) Paris; INSEAD Business School
摘要：Research summary: We examine how human-capital-intensive firms deploy their human assets and how firm-specific human capital interacts with incentives to influence this deployment. Our empirical context is the UK M&A legal market, where micro-data enable us to observe the allocation of lawyers to M&A mandates under different incentive regimes. We find that law firms actively equalize the workload among their lawyers to seek efficiency gains, while stretching lawyers with high firm-specific cap...
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作者：Christensen, Lisa Jones; Siemsen, Enno; Branzei, Oana; Viswanathan, Madhu
作者单位：Brigham Young University; University of Wisconsin System; University of Wisconsin Madison; Western University (University of Western Ontario); University of Illinois System; University of Illinois Urbana-Champaign
摘要：Research summary: Strategy scholars increasingly conduct research in nontraditional contexts. Such efforts often require the assistance of third-party intermediaries who understand local culture, norms, and language. This reliance on intermediation in primary or secondary data collection can elicit agency breakdowns that call into question the reliability, analyzability, and interpretability of responses. Herein, we investigate the causes and consequences of intermediary bias in the form of fa...
