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作者：Levine, Sheen S.; Bernard, Mark; Nagel, Rosemarie
作者单位：University of Texas System; University of Texas Dallas; Pompeu Fabra University; ICREA
摘要：Research summary: Pursuing sources of entrepreneurial and competitive advantage, researchers have been exploring cognition. We examine how cognitive capabilities affect competitive performance, drawing on two constructs rooted in psychology and economics. A familiar one is analytic skill, the ability to solve abstract problems. To that, we add strategic intelligence the ability to anticipate competitors' behavior and preempt it. Using incentivized experiments, we measure the constructs in part...
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作者：Berchicci, Luca; Dowell, Glen; King, Andrew A.
作者单位：Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; Cornell University; Dartmouth College
摘要：Research summary: Scholars and policy-makers have tended to assume that asset sales have a negative effect on stakeholders, but quantitative evidence to inform the debate has been scarce. In our research, we explored one way such sales could be beneficial: by facilitating the transfer of specialized capabilities used for environmental improvement. Employing quantitative data from a longitudinal sample of U.S. manufacturers, we find evidence consistent with the transfer of capabilities to or fr...
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作者：Verhaal, J. Cameron; Hoskins, Jake D.; Lundmark, Leif W.
作者单位：University System of Georgia; Georgia State University; University of Nebraska System; University of Nebraska Omaha
摘要：Research summary: How do peripheral firms compete and secure future growth? Building on literature in strategy and organizational theory, we test a model of peripheral entry and growth in the mainstream market segment. Using data from 289 craft breweries over 11 years, we find evidence that niche producers are increasingly entering the mainstream market and competing with market-center firms. We identify two mechanisms contributing to these actions: legitimacy transfer and cognitive claims of ...
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作者：Lee, Sunkee; Puranam, Phanish
作者单位：Carnegie Mellon University; INSEAD Business School
摘要：Research summary: Separating the individual from the social effects of incentives has been challenging because of the possibility of synergies in team production. We observe a unique natural experiment in a South Korean e-commerce company in which a switch from pay-for-performance to fixed (but different) salaries took place in a staggered and effectively random manner across employees. In this case, social and individual effects perspectives make opposing predictions, enabling a critical test...
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作者：Werner, Timothy
作者单位：University of Texas System; University of Texas Austin
摘要：Research summary: Citizens United v. Federal Election Commission and subsequent developments created a covert channel for firms to allocate resources from corporate treasuries to political activity. Through the use of a financial market event study of an accidental disclosure of firms' contributions to a Republican nonprofit organization, I examine investors' reactions to covert investment in independent political expenditures. I find that, on average, contributing firms experienced positive a...
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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...
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作者：Busenbark, John R.; Lange, Donald; Certo, S. Trevis
作者单位：University System of Georgia; University of Georgia; Arizona State University; Arizona State University-Tempe
摘要：Research summary: Managers can disclose information to security analysts as a form of impression management, but doing so is problematic because competitors can use that same information at the expense of the firm. We identify an impression management technique we call foreshadowing, which refers to hinting about future potential strategic activity. Foreshadowing provides information of value to analysts that can influence their evaluations of a firm, but not so much information as to put the ...
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作者：Crilly, Donal
作者单位：University of London; London Business School
摘要：Research summary: When describing the future, executives draw analogies between time and space (we are on the right path, the deadline is approaching). These analogies shape how executives construe the future and influence attitudes to action with long-term benefits but short-term costs. Ego-moving frames (we are approaching the future) prompt a focus on the present, whereas time-moving frames (the future is approaching) underscore the advent of the future as inevitable. Ultimately, action tha...
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作者：Theeke, Matt; Lee, Hun
作者单位：George Mason University
摘要：Research summary: Research shows that multimarket contact (MMC) reduces rivalry involving downstream activities. Yet, studies showing that MMC can increase the threat of imitation suggest a need to better understand how MMC affects upstream rivalry over knowledge-based resources. In this study, we argue that MMC increases rivalry over knowledge-based resources since the deterrent threat of retaliation that typically leads to mutual forbearance in downstream activities will not be sufficient to...
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作者：Bettinazzi, Emanuele L. M.; Zollo, Maurizio
作者单位：emlyon business school; Bocconi University
摘要：Research summary: In this article, we study how a firm's stakeholder orientation affects the performance of its corporate acquisitions. We depart from prior literature and suggest that orientations toward employees, customers, suppliers, and local communities will affect long-term acquisition performance both directly and through its interactions with process characteristics, such as preacquisition relatedness and postacquisition integration. Analyses of data on a sample of 1884 acquisitions s...
