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作者：Reuer, Jeffrey J.; Arino, Africa; Poppo, Laura; Zenger, Todd
作者单位：University of Colorado System; University of Colorado Boulder; University of Navarra; IESE Business School; University of Kansas; Utah System of Higher Education; University of Utah
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作者：Chang, Sungyong; Kogut, Bruce; Yang, Jae-Suk
作者单位：Columbia University; Korea Advanced Institute of Science & Technology (KAIST)
摘要：Research summary: The documented discount on globally diversified firms is often cited, but a correlation is not per se evidence that global diversification destroys firm value. Firms choose to globally diversify based on their firm attributes, some of which may be unobservable. Given these exogenous firm attributes, the decision to diversify globally is endogenous and self-selected. Our study offers a replication of an earlier study. Using the same specifications save for the Heckman selectio...
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作者：Ma, Juan; Khanna, Tarun
作者单位：Harvard University
摘要：Research summary: Although opinion conformity is believed to be commonly used by corporate elites to invoke reciprocity, it is hard to study in the context of corporate boards since boards are typically black boxes. Focusing on publicly traded companies in China, where disclosure of dissent is mandated, we show that dissent is associated with a breakdown of the social exchange relationship within boards. Specifically, dissent is more likely to occur when the board chair who appointed the indep...
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作者：Piao, Ming; Zajac, Edward J.
作者单位：Utah System of Higher Education; University of Utah; Northwestern University
摘要：Research summary: This study suggests that strategy and organizational scholars seeking to analyze the impact of exploitation on exploration would benefit by moving away from the generally assumed unitary perspective on exploitation. Specifically, we propose a multifaceted perspective on exploitation by theoretically and empirically distinguishing between repetitive exploitation versus incremental exploitation. We argue that repetitive exploitation can impede exploration and delay firms' respo...
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作者：Eesley, Charles; Decelles, Katherine A.; Lenox, Michael
作者单位：University of Toronto; University of Virginia
摘要：Research summary: We examine the variety of activist groups and their tactics in demanding firms' social change. While extant work does not usually distinguish among activist types or their variety of tactics, we show that different activists (e.g., social movement organizations vs. religious groups and activist investors) rely on dissimilar tactics (e.g., boycotts and protests versus lawsuits and proxy votes). Further, we show how protests and boycotts drag companies through the mud with medi...
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作者：Shipilov, Andrew; Stern, Ithai
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作者：Ansari, Shahzad (Shaz); Garud, Raghu; Kumaraswamy, Arun
作者单位：University of Cambridge; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：Research summary: Firms introducing disruptive innovations into multisided ecosystems confront the disruptor's dilemma: gaining the support of the very incumbents they disrupt. Through a longitudinal study of TiVo, a company that pioneered the Digital Video Recorder, we examine how these firms may address this dilemma. Our analysis reveals how TiVo navigated coopetitive tensions by continually adjusting its strategy, its technology platform, and its relational positioning within the evolving U...
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作者：Nandkumar, Anand; Srikanth, Kannan
作者单位：Indian School of Business (ISB); Singapore Management University
摘要：Research summary: Prior work has shown that the strength of the intellectual property regime (IPR) in a host country influences offshore R&D to that country. Building on this work we propose that the strength of the IPR in a host country differentially influences the threat of knowledge leakage on projects that are produced for the location where the multinational firm is headquartered (home) versus the offshore location to which the R&D project is sent (host). We argue and show that when the ...
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作者：Crilly, Donal; Ni, Na; Jiang, Yuwei
作者单位：University of London; London Business School; Hong Kong Polytechnic University
摘要：Research summary: The efforts of multinational corporations to be socially responsible do not always engender positive evaluations from overseas stakeholders. Drawing on attribution theory, we argue that two heuristics guide stakeholders in evaluating firms' social performance: foreignness and the valence of firms' social responsibility. We provide evidence from a field study of secondary stakeholders and an experimental study involving 129 non-governmental organizations. Consistent with attri...
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作者：Feldman, Emilie R.
作者单位：University of Pennsylvania
摘要：Research summary: This paper investigates how spinoffs improve the quality of analysts' research about diversified firms, theorizing that these deals may induce analysts to revisit their earlier coverage decisions. The gains resulting from these shifts are expected to be more pronounced when a firm undertakes a legacy (rather than a non-legacy) spinoff, which removes the business that may be constraining analysts' coverage decisions in the first place. Consistent with this argument, firms that...
