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作者:Caner, Turanay; Cohen, Susan K.; Pil, Frits
作者单位:St. John's University; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh
摘要:Research summary: The knowledge-based view suggests that complex problems are best solved under hierarchical (within-firm) governance. We examined why firms assumed to be in general alignment with this theory might nonetheless produce solutions of varying usefulness. We theorize that a firm's internal knowledge variety (IKV) is associated with its capacity to support cross-domain knowledge flows during search, and its ability to identify and explore promising areas on the solution landscape. W...
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作者:Klingebiel, Ronald; Joseph, John
作者单位:Frankfurt School Finance & Management; University of California System; University of California Irvine
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作者:Tan, David; Rider, Christopher I.
作者单位:University of Washington; University of Washington Seattle; Georgetown University
摘要:Research summary: Because employees can provide a firm with human capital advantages over competitors, firms invest considerably in employee recruiting and retention. Departing from the retention imperative of strategic human capital management, we propose that certain employee departures can enhance a firm's competitiveness in the labor market. Specifically, increased rates of career-advancing departures by a firm's employees can signal to potential future employees that the firm offers a pre...
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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...
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作者:Riley, Shawn M.; Michael, Steven C.; Mahoney, Joseph T.
作者单位:Pennsylvania State System of Higher Education (PASSHE); Kutztown University - Pennsylvania; University of Illinois System; University of Illinois Urbana-Champaign
摘要:Research summary: This article empirically examines the economic value to firms of investing in the training of their employees and firm-level factors that influence how much the firms benefit. Event study methodology is used to obtain a measure of the economic impact of information regarding a firm's human capital management investments and policies. Subsequent regression analyses are then used to test hypotheses regarding possible complementary relationships between firm-level factors and hu...
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作者:Flammer, Caroline; Bansal, Pratima
作者单位:Boston University; Western University (University of Western Ontario)
摘要:Research summary: In this paper, we theorize and empirically investigate how a long-term orientation impacts firm value. To study this relationship, we exploit exogenous changes in executives' long-term incentives. Specifically, we examine shareholder proposals on long-term executive compensation that pass or fail by a small margin of votes. The passage of such close call proposals is akin to a random assignment of long-term incentives and hence provides a clean causal estimate. We find that t...
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作者:Wang, Heli; Zhao, Shan; Chen, Guoli
作者单位:Singapore Management University; Grenoble Ecole Management; INSEAD Business School
摘要:Research summary: We argue that firms with greater specificity in knowledge structure need to both encourage their CEOs to stay so that they make investments with a long-term perspective, and provide job securities to the CEOs so that they are less concerned about the risk of being dismissed. Accordingly, we found empirical evidence that specificity in firm knowledge assets is positively associated with the use of restricted stocks in CEO compensation design (indicating the effort of CEO reten...
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作者:Shan, Liwei; Fu, Shihe; Zheng, Lu
作者单位:Southwestern University of Finance & Economics - China; Tsinghua University
摘要:Research summary: Previous studies have mixed findings on the relation between corporate socially responsible policies and firm performance. This paper focuses on a specific type of corporate social responsibility-corporate sexual equality, measuring how a firm treats its lesbian, gay, bisexual, and transgender (LGBT) employees, consumers, and investors-and examines whether and how it relates to firm performance. Using a longitudinal dataset of public firms in the U.S. during the period of 200...
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作者:Hill, Aaron D.; Aime, Federico; Ridge, Jason W.
作者单位:Oklahoma State University System; Oklahoma State University - Stillwater; University of Arkansas System; University of Arkansas Fayetteville
摘要:Research summary: Building on research in strategic management that has found that high levels of pay dispersion are detrimental to firm performance; we examine the potential dependence of those findings on similar dispersion in the latent potential of those resources to contribute to performance. We find that congruence between resource value dispersion and pay dispersion is positively related to organizational performance. Additionally, we find that this congruence moderates the effects of b...
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作者:Li, Jing; Xia, Jun; Lin, Zhouyu
作者单位:Simon Fraser University; University of Texas System; University of Texas Dallas; Jinan University
摘要:Research summary: Cross-border acquisitions may raise legitimacy concerns by host-country stakeholders, affecting the acquisition outcomes of foreign firms. We propose that theorization by local regulatory agencies is a key mechanism that links legitimacy concerns with acquisition outcomes. Given that theorization is time consuming and its outcome is uncertain, we argue that state-owned foreign firms experience a lower likelihood of acquisition completion and a longer duration for completing a...