-
作者：Wu, Zheying; Salomon, Robert
作者单位：Fudan University; New York University
摘要：Research summary: Research demonstrates that foreign firms from institutionally distant countries imitate the practices of domestic firms (i.e., adopt an isomorphism strategy). The conjecture has been that pursuing such a strategy can help foreign firms counteract the deleterious performance consequences associated with institutional distance; yet there is scant evidence of such. This study treats isomorphism as an endogenously selected strategy influenced by institutional distance to examine ...
-
作者：Krishnan, Rekha; Geyskens, Inge; Steenkamp, Jan-Benedict E. M.
作者单位：Simon Fraser University; Tilburg University; University of North Carolina; University of North Carolina Chapel Hill
摘要：Research summary: We examine the interplay of behavioral and environmental uncertainty in shaping the effectiveness of two key governance mechanisms used by strategic alliances: contractual and trust-based governance. We develop and test hypotheses, using a meta-analytic dataset encompassing over 15,000 strategic alliances across 82 independent samples. We find that contractual governance works best under low to moderate levels of behavioral uncertainty and moderate to high levels of environme...
-
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...
-
作者：Brahm, Francisco; Tarzijan, Jorge
作者单位：Pontificia Universidad Catolica de Chile
摘要：Research summary: Two central issues in strategic management are the determination of a firm's internal delegation and its vertical boundaries. Despite the importance of these issues, there is scant analysis concerning their interaction. Using a comprehensive database of the construction industry, we show that vertical integration positively influences the centralization decision and that the main mechanism driving this relationship is an improvement in the hierarchically coordinated adaptatio...
-
作者：Wang, Heli; Zhao, Shan; He, Jinyu
作者单位：Singapore Management University; Grenoble Ecole Management; Hong Kong University of Science & Technology
摘要：Research summary: We argue that the extent to which a firm faces takeover threats affects its knowledge structure. In particular, takeover threats may lead to managers' reluctance to adopt a strategy toward firm-specific knowledge accumulation because implementing this strategy requires them to acquire specialized skills, which are at risk under takeover threats. Conversely, takeover protection leads to an increase in firm-specific knowledge. Further, the relationship between takeover protecti...
-
作者：Zheng, Yanfeng; Devaughn, Michael L.; Zellmer-Bruhn, Mary
作者单位：University of Hong Kong; University of St Thomas Minnesota; University of Minnesota System; University of Minnesota Twin Cities
摘要：Research summary: Pre-entry industry experience is a central construct in the founding team literature. Research on prior shared experience (PSE) emphasizes that founding teams face challenges integrating and acting on independent experiences, so PSE should be beneficial for new venture performance. Existing studies, however, typically study PSE in blunt terms, expecting that more is better. Instrumental variable analyses of a unique sample of 344 commercial banks founded in four U.S. states b...
-
作者：Martin, Geoffrey P.; Wiseman, Robert M.; Gomez-Mejia, Luis R.
作者单位：University of Melbourne; Michigan State University; Michigan State University's Broad College of Business; University of Notre Dame
摘要：Research summary: We draw on behavioral agency theory to explain how decision heuristics associated with CEO stock options interact with firm slack to shape the CEO's preference for short-or long-term strategies (temporal orientation). Our findings suggest CEO current option wealth substitutes for the influence of slack resources in encouraging a long-term orientation, while prospective option wealth enhances the positive effect of slack on temporal orientation. Our theory offers explanations ...
-
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...
