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作者:Wowak, Adam J.; Mannor, Michael J.; Arrfelt, Mathias; Mcnamara, Gerry
作者单位:University of Notre Dame; Arizona State University; Arizona State University-Tempe; Michigan State University; Michigan State University's Broad College of Business
摘要:Numerous studies have focused on CEO charisma as an antecedent to firm performance, but this literature has largely overlooked the possibility that charisma manifests in more proximal strategic initiatives that (unlike performance) are largely under the CEO's control. In this study, we integrate perspectives from the upper echelons and charismatic leadership literatures to argue that CEO charisma influences year-over-year strategic change, the degree to which strategies deviate from industry c...
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作者:Garcia-Castro, Roberto; Francoeur, Claude
作者单位:University of Navarra; IESE Business School; Universite de Montreal; HEC Montreal
摘要:Instrumental stakeholder theory has largely emphasized the positive effects of investing in stakeholder cooperative relationships in an additive, linear fashion in the sense that the more investments the better. Yet investing in stakeholders can be very costly and the effects of these investments in firm performance are subject to complex internal complementarities and external contingencies. In this article we rely on set-theoretic methods and a large international dataset of 1,060 multinatio...
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作者:Arora, Ashish; Gittelman, Michelle; Kaplan, Sarah; Lynch, John; Mitchell, Will; Siggelkow, Nicolaj
作者单位:Duke University; Rutgers University System; Rutgers University New Brunswick; Rutgers University Newark; Rutgers University System; Rutgers University New Brunswick; University of Toronto; University of Colorado System; University of Colorado Boulder; University of Pennsylvania
摘要:This special issue is devoted to exploring new methods for addressing questions in strategic management. This introduction synthesizes the collective contribution of the articles for strategy research. The articles draw on methods from other fields, extending and adapting them to address strategy questions. The innovations provide new, different, or more nuanced measures and findings as compared to prior research. We conclude by discussing more general implications for scholarship in strategic...
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作者:Chatterji, Aaron K.; Findley, Michael; Jensen, Nathan M.; Meier, Stephan; Nielson, Daniel
作者单位:Duke University; University of Texas System; University of Texas Austin; Columbia University; Brigham Young University
摘要:Strategy research often aims to empirically establish a causal relationship between an independent variable and a dependent variable such as firm performance. For many important strategy research questions, however, traditional empirical techniques are not sufficient to establish causal effects with high confidence. We propose that field experiments have potential to be used more widely in strategy research, leveraging methodological innovations from other disciplines to address persistent puz...
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作者:Feldman, Emilie R.; Amit, Raphael Raffi; Villalonga, Belen
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作者:Birhanu, Addis G.; Gambardella, Alfonso; Valentini, Giovanni
作者单位:emlyon business school; Bocconi University; Bocconi University; University of Navarra; IESE Business School
摘要:Research summary: Using a unique database that measures firm-level bribery in Africa and Latin America, we corroborate extant results in the literature that paying bribes deters firm investments in fixed assets. Our contribution is to explore four mechanisms. By adopting a reverse causality approach (Gelman and Imbens, 2013), we find evidence consistent with one of them: short-term oriented firms prefer to bribe rather than invest in fixed assets, while the opposite is true for firms with a lo...
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作者:Gallus, Jana; Frey, Bruno S.
作者单位:Harvard University; University of Zurich
摘要:Research summary: Awards are a valuable strategic resource. Motivation theory and the emerging body of empirical literature suggest that awards can have a significant effect on employee motivation and corporate performance, though not always in the intended direction. Awards can also destroy value. The organizational award literature has so far largely neglected this important issue. We develop a synthesis of the dimensions critical for successful award bestowals, and analyze under which condi...
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作者:Artinger, Sabrina; Powell, Thomas C.
作者单位:Max Planck Society; University of Oxford; University of Oxford
摘要:Research summary: Entrepreneurial start-ups suffer high rates of business failure. Previous research on entrepreneurial failure has focused on two kinds of explanations: statistical and psychological. Statistical explanations attribute excess entry to random errors made by boundedly rational entrepreneurs attempting to estimate business opportunities in risky markets. Psychological explanations focus on entrepreneurial overconfidence and competition neglect. These explanations emerged independ...
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作者:Barroso, Alicia; Giarratana, Marco S.; Reis, Samira; Sorenson, Olav
作者单位:Universidad Carlos III de Madrid; Bocconi University; Yale University
摘要:The performance of firms depends not just on the structure of the industries in which they compete but also on their relative positioning within those industries, in terms of operating within particular niches. We propose that demand for these niches depends endogenously on the historical ecology of the products offered: Niches become saturatedreduced in their ability to support productsas a large number of previous offerings allows the audience to satisfy its desire for products of a particul...
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作者:Castellaneta, Francesco; Gottschalg, Oliver
作者单位:Universidade Catolica Portuguesa; Hautes Etudes Commerciales (HEC) Paris
摘要:We study the impact of ownership on firm performance in an unexplored governance context: private equity (PE) firms and the buyouts in which they invest. We employ a multiple-membership, cross-classified, multilevel model on a unique database of 6,950 buyouts realized by 255 PE firms between 1973 and 2008 in 77 countries. The results document a significant PE firm effect (4.6%), the importance of which grows as time passes. We then study three contingencies that increase the importance of the ...