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作者：Chang, Sea-Jin; Shim, Jungwook
作者单位：National University of Singapore; Korea Advanced Institute of Science & Technology (KAIST); Kyoto Sangyo University
摘要：Using long-term data on Japanese family firms, this study explores when the transition from family to professional management leads to better performance. In order to avoid endogeneity bias, we employ propensity score matching and difference-in-differences techniques. We find evidence that firms that transition from family to professional CEOs outperform those that maintain family leadership. This performance improvement is more pronounced when (1) families maintain high ownership control but ...
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作者：Hashai, Niron
作者单位：Hebrew University of Jerusalem
摘要：This study shows that the interplay between adjustment costs, coordination costs and within-industry diversification benefits, results in an S-shaped relationship between within-industry diversification and firm performance. At low levels of within-industry diversification, coordination costs are negligible but adjustment costs are higher than the synergy benefits of a limited product scope, hence leading to negative performance outcomes. At moderate levels of within-industry diversification s...
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作者：Handley, Sean M.; Angst, Corey M.
作者单位：University of Notre Dame
摘要：To address concerns of opportunism, outsourcing firms are encouraged to deploy contractual and relational governance. The individual and collective effects of these mechanisms have been previously examined but not in specific contexts. This study examines the effects of contractual and relational governance on provider opportunism, incorporating the moderating influence of a shift parameternational culture. Our results reveal that contractual governance is more effective in individualistic and...
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作者：Chittoor, Raveendra; Kale, Prashant; Puranam, Phanish
作者单位：Indian School of Business (ISB); Rice University; INSEAD Business School
摘要：Prior research suggests that business groups (BGs) in developing economies have emerged as alternatives to poorly developed economic institutions in these countries. In this paper, we argue that this does not imply they are always substitutes. Specifically, we consider the case of capital markets, a key economic institution: while the absence of well-developed capital markets may indeed have stimulated the emergence of business groups, we propose that BG affiliation and the scrutiny that matur...
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作者：Kreutzer, Markus; Walter, Jorge; Cardinal, Laura B.
作者单位：University of St Gallen; European Business School (EBS) University; George Washington University; University of Houston System; University of Houston
摘要：In contrast to the contingency approach advanced by most prior work, we suggest a complementary perspective on organizational control and its relationship with performance. We argue that the simultaneous use of behavior and outcome control capitalizes on their respective advantages, and is therefore more effective than a sole reliance on either control type. Moreover, with organizational control seeking alignment between individual and organizational goals, the benefits of such a complementary...
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作者：Phadnis, Shardul; Caplice, Chris; Sheffi, Yossi; Singh, Mahender
作者单位：Massachusetts Institute of Technology (MIT)
摘要：We present the results of three field experiments demonstrating the effect of scenario planning on field experts' judgment of several long-range investment decisions. Our results show, contrary to past findings, that the use of multiple scenarios does not cause an aggregate increase or decrease in experts' confidence in their judgment. Rather, expert judgment changes in accordance with how an investment fares in a given scenario: it becomes more favorable if the investment is found to be usefu...
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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：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...
