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作者：Kang, Jingoo; Kang, Ribuga; Kim, Sang-Joon
作者单位：Nanyang Technological University; Chinese University of Hong Kong; Ewha Womans University
摘要：Research summary: Since Nickerson and Zenger (2002) proposed how vacillation may lead to organizational ambidexterity, large-sample empirical tests of their theory have been missing. In this paper, we empirically examine the performance implications of vacillation. Building upon vacillation theory, we predict that the frequency and scale of vacillation will have inverted U-shaped relationships with firm performance. We test our hypotheses using patent-based measures of exploration and exploita...
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作者：Lieberman, Marvin B.; Garcia-Castro, Roberto; Balasubramanian, Natarajan
作者单位：University of California System; University of California Los Angeles; University of Navarra; Syracuse University
摘要：Research summary: Using a productivity technique (VCA model), we estimate the economic value created by a firm and appropriated by its stakeholders in two specific empirical contexts. In the first application, we use publicly available data from the U.S. airline industry to illustrate how the VCA model can be used with multiple stakeholder groups. In the second application, we provide estimates for three global automobile companies (GM, Toyota and Nissan), showing how the model can be reformul...
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作者：Dowell, Glen W. S.; Muthulingam, Suresh
作者单位：Cornell University; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：Research summary: Research on the link between financial and environmental performance implicitly assumes that firms will pursue profitable environmental actions. Yet, clearly, factors beyond profitability influence firms' environmental choices. We treat these choices as organizational change decisions and hypothesize that adoption of environmental initiatives is influenced by a combination of profit, level of disruption caused, and external influences. We test our hypotheses by examining firm...
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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...
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作者：Aggarwal, Vikas A.; Posen, Hart E.; Workiewicz, Maciej
作者单位：INSEAD Business School; University of Wisconsin System; University of Wisconsin Madison; ESSEC Business School
摘要：Research summary>: We take a microfoundational approach to understanding the origin of heterogeneity in firms' capacity to adapt to technological change. We develop a computational model of individual-level learning in an organizational setting characterized by interdependence and ambiguity. The model leads to organizational outcomes with the canonical properties of routines: constancy, efficacy, and organizational memory. At the same time, the process generating these outcomes also produces h...
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作者：Withers, Michael C.; Fitza, Markus A.
作者单位：Texas A&M University System; Texas A&M University College Station; Mays Business School; University of Newcastle
摘要：Research summary: We use a variance decomposition methodology to assess the degree to which board chairs may influence their companies' performance. To isolate the board chair effect, we focus on firms in which the CEO and board chair positions are separated. Using a U.S. sample of 6,290 firm-year observations representing 1,828 board chairs in 308 different industries, our results indicate that the board chair effect is substantial at about nine percent. Drawing on resource dependency theory,...
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作者：Roy, Raja; Cohen, Susan K.
作者单位：Northeastern Illinois University; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh
摘要：Research summary: We investigate the effect of incumbents' stock of downstream complementary assets on their product innovation during a disruptive technological change. We theorize that a firm's stock of downstream complementary assets, by providing critical information about shifting demand conditions, will play a catalytic role in firm adaptation during such a change. Using the advent of disruptive computer numerical control machine tools in the U.S. machine tool industry during the 1970s a...
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作者：Shi, Wei; Connelly, Brian L.; Hoskisson, Robert E.
作者单位：Indiana University System; Indiana University Indianapolis; IU Kelley School of Business; Auburn University System; Auburn University; Rice University
摘要：Research summary: Agency theory suggests that external governance mechanisms (e.g., activist owners, the market for corporate control, securities analysts) can deter managers from acting opportunistically. Using cognitive evaluation theory, we argue that powerful expectations imposed by external governance can impinge on top managers' feelings of autonomy and crowd out their intrinsic motivation, potentially leading to financial fraud. Our findings indicate that external pressure from activist...
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作者：Shipilov, Andrew; Godart, Frederic C.; Clement, Julien
作者单位：INSEAD Business School
摘要：Research summary: Losing key employees to competitors allows an organization to engage in external boundary-spanning activities. It may benefit the organization through access to external knowledge, but may also increase the risks of leaking knowledge to competitors. We propose that the destination of departed employees is a crucial contingency: benefits or risks only materialize when employees leave for competitors that differ from the focal organization along significant dimensions, such as ...
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作者：Guo, Guangrui
作者单位：University of Windsor; University of Miami; Tsinghua University
摘要：Research summary: This study employs longitudinal multilevel modeling to re-examine the relative importance of business unit, corporation, industry, and year effects on business unit performance. Total variance in performance is partitioned into stable variance and dynamic variance. Sources of these two parts of variance are explored. Empirical results indicate that (1) stable effects of corporation-industry interaction are substantially important, but were unequally confounded with stable eff...
