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作者：Li, Xiaoyang; Zhou, Yue M.
作者单位：Shanghai Jiao Tong University; University of Michigan System; University of Michigan
摘要：Research summary: We examine the role of firm strategy in the global effort to combat pollution. We find that U.S. plants release less toxic emissions when their parent firm imports more from low-wage countries (LWCs). Consistent with the Pollution Haven Hypothesis, goods imported by U.S. firms from LWCs are in more pollution-intensive industries. U.S. plants shift production to less pollution-intensive industries, produce less waste, and spend less on pollution abatement when their parent imp...
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作者：Hubbard, Timothy D.; Christensen, Dane M.; Graffin, Scott D.
作者单位：University of Notre Dame; University of Oregon; University System of Georgia; University of Georgia
摘要：Research summary: Investing a firm's resources in corporate social responsibility (CSR) initiatives remains a contentious issue. While research suggests firm financial performance is the primary driver of CEO dismissal, we propose that CSR will provide important additional context when interpreting a firm's financial performance. Consistent with this prediction, our results suggest that past CSR decisions amplify the negative relationship between financial performance and CEO dismissal. Specif...
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作者：Sakhartov, Arkadiy V.
作者单位：University of Pennsylvania
摘要：Research summary: The dominant view has been that businesses that are more related to each other are more often combined within diversified firms. This study uses a dynamic model to demonstrate that, with inter-temporal economies of scope, diversified firms are more likely to combine moderately related businesses than the most-related businesses. That effect occurs because strong relatedness reduces redeployment costs and makes firms redeploy all resources to better performing businesses. The ...
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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：Ethiraj, Sendil K.; Gambardella, Alfonso; Helfat, Constance E.
作者单位：University of London; London Business School; Bocconi University; Dartmouth College
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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...
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作者：Toh, Puay Khoon; Miller, Cameron D.
作者单位：University of Texas System; University of Texas Austin; University of Minnesota System; University of Minnesota Twin Cities
摘要：Research summary: Within an ecosystem, standard setting coordinates development of complementary technologies across firms. But each firm can itself own multiple of these complementary technologies. We study how a firm's own complementary technologies influence its disclosure inclination during standard setting. We identify a tradeoff: disclosure increases value-creation of the firm's non-disclosed complementary technologies, but also heightens expropriation risk. Using data on the U.S. commun...
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作者：Gao, Cheng; Zuzul, Tiona; Jones, Geoffrey; Khanna, Tarun
作者单位：Harvard University; University of London; London Business School; Harvard University
摘要：Research summary: Emerging markets are characterized by underdeveloped institutions and frequent environmental shifts. Yet, they also contain many firms that have survived over generations. How are firms in weak institutional environments able to persist over time? Motivated by 69 interviews with leaders of emerging market firms with histories spanning generations, we combine induction and deduction to propose reputation as a meta-resource that allows firms to activate their conventional resou...
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作者：Haleblian, Jerayr J.; Pfarrer, Michael D.; Kiley, Jason T.
作者单位：University of California System; University of California Riverside; University System of Georgia; University of Georgia; Oklahoma State University System; Oklahoma State University - Stillwater
摘要：Research summary: Emerging reputation research suggests that high-reputation firms will act to maintain their reputations in the face of high expectations. Yet, this research remains unclear on how high-reputation firms do so. We advance this research by exploring three questions related to high-reputation firms' differential acquisition behaviors: Do high-reputation firms make more acquisitions than similar firms without this distinction? What kind of acquisitions do they make? How do investo...
