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作者：Agarwal, Rajshree; Gambardella, Alfonso; Olson, Daniel M.
作者单位：University System of Maryland; University of Maryland College Park; Bocconi University
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作者：Connelly, Brian L.; Ketchen, David J., Jr.; Gangloff, K. Ashley; Shook, Christopher L.
作者单位：Auburn University System; Auburn University; University of Missouri System; University of Missouri Columbia
摘要：Research summary: Drawing on theory about signaling, sensemaking, and the romance of leadership, we extend inquiry on investors' perceptions of CEO succession following misconduct. Whereas past studies have treated misconduct monolithically, we examine failures of integrity and competence separately. Using a policy capturing methodology that isolates investors' decision making from potential confounds, we find that, following an integrity failure, investors perceive outside and interim success...
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作者：Zhu, Hongjin; Yoshikawa, Toru
作者单位：McMaster University; Singapore Management University
摘要：Research summary: Although previous studies have explored the value of government directors, less attention has been directed at the antecedents of government directors' engagement in value-adding activities, such as managerial monitoring and resource provision. Drawing on social identity theory, we offer a novel model that specifies how a government director's dual identifications with the focal firm, and with the government individually and interactively affect his or her governance behavior...
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作者：Alvarez-Garrido, Elisa; Dushnitsky, Gary
作者单位：University System of Georgia; Georgia State University; University of London; London Business School
摘要：Entrepreneurial ventures are a key source of innovation. Nowadays, ventures are backed by a wide array of investors whose complementary asset profiles differ significantly. We therefore assert that entrepreneurial ventures can no longer be studied as a homogeneous group. Rather, we harness the inherent dichotomy in the profiles of independent VCs and corporate investors to study ventures' innovation outcomes. Our sample consists of 545 U.S. biotechnology ventures founded between 1990 and 2003 ...
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作者：Abdullah, Shamsul N.; Ismail, Ku Nor Izah Ku; Nachum, Lilac
作者单位：International Islamic University Malaysia; Universiti Utara Malaysia; City University of New York (CUNY) System; Baruch College (CUNY)
摘要：Many governments seek to impose gender equality on boards, but the consequences of doing so are not clear and could harm firms and economies. We shed light on this topic by conceptualizing the relationships as firm- and board-specific and embedded within specific contexts. The theory is developed with reference to emerging markets, and tested on Malaysian firms. We find that female directors create value for some firms and decrease it for others. The impact varies across different performance ...
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作者：Kahl, Steven J.; Grodal, Stine
作者单位：Dartmouth College; Boston University
摘要：Research summary: This paper uses multilevel discourse analysis to advance strategic management research, focusing on the question of why firms fail in the face of radical technological change. Answering this question requires addressing how customers develop their interpretations and evaluation criteria of the new technology. This interpretive process occurs through discussions with other market participants. Firms can influence customers' interpretations through the use of language and visua...
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作者：Dushnitsky, Gary; Birkinshaw, Julian
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作者：Whittington, Richard; Yakis-Douglas, Basak; Ahn, Kwangwon
作者单位：University of Oxford; Peking University; Peking University Shenzhen Graduate School (PKU Shenzhen)
摘要：Research summary: We develop and test a set of hypotheses on investors' reactions to a specific form of impression management, public presentations of overall strategy by Chief Executive Officers (CEOs). Contrary to expectations from a cheap talk perspective, we suggest that such strategy presentations convey valuable information to investors, especially in conditions of heightened information asymmetry associated with varying types of new CEOs. Broad empirical support for our theoretical argu...
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作者：Kaul, Aseem; Wu, Brian
作者单位：University of Minnesota System; University of Minnesota Twin Cities; University of Michigan System; University of Michigan
摘要：We develop a capabilities-based theory of acquirer target selection, arguing that acquirers will pursue both low capability targets in existing contexts to deploy existing capabilities, and high capability targets in new contexts to acquire new capabilities. These arguments are formalized in an analytical model that jointly considers the benefits and costs of acquisition as a function of target capability level and context. The predictions from this model are tested in the Chinese brewing indu...
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作者：Cassiman, Bruno; Valentini, Giovanni
作者单位：University of Navarra; IESE Business School; Bocconi University; Bocconi University
摘要：One novel implication of the open innovation paradigm is that inflows and outflows of knowledge are complementary. We argue that engaging simultaneously in buying and selling knowledge should allow firms to increase innovation outcomes. At the same time, we identify some of the relevant costs (cognitive, transaction, and organizational costs) that open firms can reduce by combining knowledge inflows and outflows. Empirically, however, we find no evidence for such complementarity in a sample of...
