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作者：Kumar, M. V. Shyam; Dixit, Jaya; Francis, Bill
作者单位：Rensselaer Polytechnic Institute; Indian School of Business (ISB)
摘要：We study the relationship between the stock market's reaction to a prior acquisition and the risk associated with a subsequent acquisition. Using a sample of 823 acquisitions over the period 1990-2006 we find that acquirers buy increasingly volatile targets both as the abnormal dollar gains from the previous acquisition announcement increase, and as the abnormal dollar losses increase (i.e. a V shaped relationship). Our findings are consistent with psychological theories of decision making and...
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作者：Ozcan, Pinar; Santos, Filipe M.
作者单位：University of Warwick; INSEAD Business School
摘要：In this inductive multiple-case study set in the nascent market for mobile payments, we investigate how global firms from different industries attempt to define the architecture for a new market. We find that powerful players from different industries have difficulty in reaching agreement on the new market's architecture due to their history of dominance in their respective industries. This disagreement in turn leads to a weak compromise on market architecture and creates a vicious cycle of re...
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作者：Tang, Yi; Qian, Cuili; Chen, Guoli; Shen, Rui
作者单位：Hong Kong Polytechnic University; City University of Hong Kong; INSEAD Business School; Nanyang Technological University
摘要：Grounded in the upper echelons perspective and stakeholder theory, this study establishes a link between CEO hubris and corporate social responsibility (CSR). We first develop the theoretical argument that CEO hubris is negatively related to a firm's socially responsible activities but positively related to its socially irresponsible activities. We then explore the boundary conditions of hubris effects and how these relationships are moderated by resource dependence mechanisms. With a longitud...
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作者：Lim, Elizabeth N. K.
作者单位：University System of Georgia; Georgia State University
摘要：Prior work based on agency theory and behavioral agency model has focused on how absolute pay values affect firm outcomes. Departing from this traditional approach, we draw from behavioral decision theory to explain how relative pay levels influence firm risk taking. We investigate how CEO restricted stock value relative to reference point influences R&D intensity in high-technology firms. We propose that negative deviation increases are related to R&D increases and positive deviation increase...
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作者：Argyres, Nicholas; Bigelow, Lyda; Nickerson, Jack A.
作者单位：Washington University (WUSTL); Utah System of Higher Education; University of Utah
摘要：A dominant design is thought to usher in a period of intense competition based on cost, causing an often-fierce industry shakeout. We aim to challenge the foundations of the dominant design literature, and develop new insights about the evolution of competition. We argue that strategic repositioning and elevated exit rates are often observed long before the emergence of a dominant design, and that a key cause is the introduction of a particular product for which demand is unexpectedly high (an...
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作者：Steensma, H. Kevin; Chari, Mukund; Heidl, Ralph
作者单位：University of Washington; University of Washington Seattle; Michigan State University; Michigan State University's Broad College of Business
摘要：Expansive patent portfolios may be used by firms to fence off technological space for commercialization, impede the commercialization efforts of competitors, and enhance bargaining power in cross-licensing negotiations. Low quality patents with claims that overlap those of other patents contribute to these portfolios and patent strategies. By failing to disclose known relevant prior art during the patenting process, inventors and their firms may be granted low quality patents with intellectual...
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作者：Jarzabkowski, Paula; Kaplan, Sarah
作者单位：City St Georges, University of London; University of Toronto
摘要：In response to critiques of strategy tools as unhelpful or potentially dangerous for organizations, we suggest casting a sociological eye on how tools are actually mobilized by strategy makers. In conceptualizing strategy tools as tools-in-use, we offer a framework for examining the ways that the affordances of strategy tools and the agency of strategy makers interact to shape how and when tools are selected and applied. Further, rather than evaluating the correct or incorrect use of tools, we...
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作者：Ozmel, Umit; Guler, Isin
作者单位：Purdue University System; Purdue University; Sabanci University
摘要：This study examines whether the value a venture derives from an affiliation depends on its relative standing in the portfolio of all affiliations held by its partner. Relative standing refers to how the venture ranks among other ventures in the partner's portfolio with respect to expected returns. The relative standing of a venture in its partner's portfolio influences the venture's access to the partner's resources and the venture's performance. We also argue that a venture's relative standin...
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作者：Banalieva, Elitsa R.; Eddleston, Kimberly A.; Zellweger, Thomas M.
作者单位：Northeastern University; Northeastern University; University of St Gallen
摘要：We advance a dynamic institution-based view of the firm that extends the theory's current focus on scope of pro-market reforms (degree of market liberalization in a given year) to consider how speed of reforms (rate of market liberalization achieved over time) affects the performance of firms from transitioning economies. Utilizing a sample of public firms from Chinese provinces with varying reform speeds, we find that while scope of reforms positively impacts firm performance, speed of reform...
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作者：Belenzon, Sharon; Schankerman, Mark
作者单位：Duke University; University of London; London School Economics & Political Science
摘要：This paper studies how business models can be designed to tap effectively into open innovation labor markets with heterogeneously motivated workers. Using data on open source software, we show that motivations are diverse, and demonstrate how managers can strategically influence the flow of code contributions and their impact on project performance. Unlike previous literature using survey data, we exploit the observed pattern of project membership and code contributionsthe revealed preference ...
