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作者：Belenzon, Sharon; Patacconi, Andrea; Zarutskie, Rebecca
作者单位：Duke University; University of East Anglia; Federal Reserve System - USA; Federal Reserve System Board of Governors
摘要：Research summary: Using a large sample of private firms across Europe, we examine how the social context of owners affects firm strategy and performance. Drawing on embeddedness theory and the institutional logics perspective, we argue that embeddedness in a family, in particular the nuclear family, can strengthen identification and commitment to the firm, but can also induce owners to behave more conservatively. Consistent with this argument, we find that family-owned firms have higher profit...
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作者：Swift, Tim
作者单位：Saint Joseph's University
摘要：Research summary: R&D-based exploration and exploitation are necessary in order for firms to have sustainable competitive advantage. Yet, transitioning between these orthogonal types of R&D is considered profound organizational change. Building on recent research showing that compact, significant changes in R&D expenditure is an antecedent to the transition between explorative and exploitative R&D, I show that this leap between exploration and exploitation is quite hazardous. The magnitude of ...
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作者：Bamiatzi, Vassiliki; Bozos, Konstantinos; Cavusgil, S. Tamer; Hult, G. Tomas M.
作者单位：University of Leeds; University of Leeds; University System of Georgia; Georgia State University; Michigan State University; Michigan State University's Broad College of Business
摘要：Research summary: Despite voluminous past research, the relevance of firm, industry, and country effects on profitability, particularly under adverse contexts, is still unclear. We reconcile institutional theory with the resource-based view and industrial organization economics to investigate the effects of economic adversity, such as the 2008 global economic crisis. Using a three-level random coefficient model, we examine 15,008 firms across 10 emerging and 10 developed countries for the 2005...
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作者：Zhang, Chenjian; Tan, Justin; Tan, David
作者单位：University of Bath; Constructor University; York University - Canada; University of Washington; University of Washington Seattle
摘要：Extant research provides ambiguous views on the network adaptability of existing ventures and new ventures during environmental change. Applying an institutional perspective, this research aims to provide a clearer picture by comparing the adaptation and network configurations of existing vs. new entrepreneurial cohorts during China's institutional change after 1992. The qualitative and quantitative analyses show that the existing cohort of entrepreneurs displays network inertia, in that they ...
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作者：Feldman, Emilie R.; Amit, Raphael (Raffi); Villalonga, Belen
作者单位：University of Pennsylvania; New York University
摘要：This paper investigates the relationship between divestitures and firm value in family firms. Using hand-collected data on a sample of over 30,000 firm-year observations, we find that family firms are less likely than non-family firms to undertake divestitures, especially when these companies are managed by family rather than non-family-CEOs. However, we then establish that the divestitures undertaken by family firms, predominantly those run by family-CEOs, are associated with higher post-dive...
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作者：Miller, Douglas J.; Yang, Hsiao-Shan
作者单位：Rutgers University System; Rutgers University New Brunswick; University of Illinois System; University of Illinois Urbana-Champaign
摘要：Research summary: We replicate one of the first studies on the dynamics of diversification, Chang (1996). Our sample of public and private firms from 1992 to 2001 yields findings similar to the earlier research. Firms tend to enter new markets that have human resource profiles that are similar to the firms' existing businesses, and exit markets that have dissimilar human resource profiles. This general finding is robust to alternative specifications and controls, including the timing of market...
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作者：Danneels, Erwin
作者单位：State University System of Florida; University of South Florida
摘要：Research summary: This study tests and validates survey measures of first- and second-order competences in order to foster cumulative empirical research and theoretical refinement in the area of dynamic capabilities. Data from two informants and two time periods for a sample of publicly traded U.S. manufacturing firms are used to examine the convergent, discriminant, and nomological validity, and the reliability of scales to measure various levels and types of competences. Findings suggest tha...
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作者：Howard, Michael; Steensma, H. Kevin; Lyles, Marjorie; Dhanaraj, Charles
作者单位：Texas A&M University System; Texas A&M University College Station; Mays Business School; University of Washington; University of Washington Seattle; Indiana University System; IU Kelley School of Business; Indiana University Indianapolis; International Institute for Management Development (IMD)
摘要：Research summary: Strategic alliances have been recognized as a means for firms to learn their partners' proprietary knowledge; such alliances are also valuable opportunities for partner firms to learn tacit organizational routines from their counterparts. We consider how relatively novice technology firms can learn intraorganizational collaborative routines from more experienced alliance partners and then deploy them independently for their own innovative pursuits. We examine the alliance rel...
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作者：Husted, Bryan W.; Jamali, Dima; Saffar, Walid
作者单位：Tecnologico de Monterrey; American University of Beirut; Hong Kong Polytechnic University
摘要：Research summary: Building on economic geography and institutional theory, we develop and test theory relating geographic variables to the strength of corporate social responsibility (CSR) engagement and the cost of equity capital. For a large sample of U.S. firms over the period 1998-2009, we find strong and robust evidence that firms located in areas characterized by high levels of local CSR density score higher in CSR engagement. In addition, firms located close to major cities and financia...
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作者：Schmidt, Jens; Makadok, Richard; Keil, Thomas
作者单位：Aalto University; Purdue University System; Purdue University; University of Zurich
