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作者：Kiss, Andreea N.; Barr, Pamela S.
作者单位：Iowa State University; University System of Georgia; Georgia State University
摘要：We adopt an information processing perspective to investigate how the interplay of belief structures and industry context shapes new venture strategic adaptation in a sample of 104 publicly traded new ventures founded between 1996 and 2006 in several technology-intensive industries. Results highlight that distinct espoused belief structures attributes (complexity, centrality, proactive causal logics) and industry growth combinations predict diversity, frequency, and speed of new venture strate...
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作者：Andersen, Torben J.; Bettis, Richard A.
作者单位：Copenhagen Business School; University of North Carolina; University of North Carolina Chapel Hill
摘要：We study a longitudinal fit model of adaptation and its association with the longitudinal risk-return relationship. The model allows the firm to adjust its position in response to partial learning about a changing environment characterized by two path-dependent processesa random walk and a stochastic trend. Computational simulations at low levels of learning in both environmental contexts are consistent with empirical data. However, the results are also consistent when firm behavior appears to...
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作者：Hill, Aaron D.; Upadhyay, Arun D.; Beekun, Rafik I.
作者单位：Oklahoma State University System; Oklahoma State University - Stillwater; Nevada System of Higher Education (NSHE); University of Nevada Reno
摘要：We present competing hypotheses regarding whether gender and ethnic minority CEOs endure inequities resulting in lower compensation and higher likelihood of job exit or benefit from their valuable, rare, and inimitable minority status, resulting in higher compensation and lower likelihood of job exit. Using a longitudinal sample, we find support for the resource-based hypothesis regarding compensation that suggests CEOs benefit from their minority status to receive higher compensation than whi...
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作者：Lange, Donald; Boivie, Steven; Westphal, James D.
作者单位：Arizona State University; Arizona State University-Tempe; Texas A&M University System; Texas A&M University College Station; Mays Business School; University of Michigan System; University of Michigan
摘要：To develop further insight into antecedents of the CEO's psychological orientation toward the firm, we investigate what might lead CEOs to identify with their firms. Although research suggests that CEO organizational identification can be quite consequential for the firm, little research attention has been paid to its determinants. To predict how the special context of the CEO position might lead to identification, we consider a set of motives that members have for identifying with their organ...
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作者：Bidwell, Matthew; Won, Shinjae; Barbulescu, Roxana; Mollick, Ethan
作者单位：University of Pennsylvania; McGill University; Hautes Etudes Commerciales (HEC) Paris
摘要：How does employer status benefit firms in the market for general human capital? On the one hand, high status employers are better able to attract workers, who value the signal of ability that employment at those firms provides. On the other hand, that same signal can help workers bid up wages and capture the value of employers' status. Exploring this tension, we argue that high status firms are able to hire higher ability workers than other firms, and do not need to pay them the full value of ...
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作者：Durand, Rodolphe; Vergne, Jean-Philippe
作者单位：Hautes Etudes Commerciales (HEC) Paris; Western University (University of Western Ontario)
摘要：In stigmatized industries characterized by social contestation, hostile audiences, and distancing between industry insiders and outsiders, firms facing media attacks follow different strategies from firms in uncontested industries. Because firms avoid publicizing their tainted-sector membership, when threatened, they can respond by divesting assets from that industry. Our analyses of the arms industry demonstrate that media attacks on the focal firm and its peers both increase the likelihood o...
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作者：Judge, William Q.; Witt, Michael A.; Zattoni, Alessandro; Talaulicar, Till; Chen, Jean Jinghan; Lewellyn, Krista; Hu, Helen Wei; Shukla, Dhirendra; Bell (Robert), R. Greg; Gabrielsson, Jonas; Lopez, Felix; Yamak, Sibel; Fassin, Yves; McCarthy, Daniel; Rivas, Jose Luis; Fainshmidt, Stav; Van Ees, Hans
作者单位：Old Dominion University; INSEAD Business School; Bocconi University; University of Erfurt; University of Southampton; University of Wyoming; University of Melbourne; University of New Brunswick; Lund University; Universidad de Valladolid; Galatasaray University; Vlerick Business School; Ghent University; Northeastern University; Instituto Tecnologico Autonomo de Mexico; State University System of Florida; Florida International University; University of Groningen
摘要：Prior studies of IPO underpricing, mostly using agency theory and single-country samples, have generally fallen short. In this study, we employ the knowledge-based view (KBV) to explore underpricing across 17 countries. We find that agency indicators are insignificant predictors, board of director knowledge limits underpricing, and external knowledge both substitutes for and complements internal board knowledge. This third finding suggests that future KBV studies should consider how internal a...
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作者：Betschinger, Marie-Ann
作者单位：HSE University (National Research University Higher School of Economics)
摘要：The study explores the role of banks as debt and equity holders for the riskiness of a firm's investment strategy using a panel of Japanese firms in the electronics industry in the period 1992-2004 for the empirical analysis. Based on a conceptual framework grounded in agency and financial intermediation theories, we find that a larger involvement of banks as debt holders in a firm is associated with lower foreign direct investment portfolio risk, while the shareholdings of universal banks inc...
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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：Obloj, Tomasz; Zemsky, Peter
作者单位：Hautes Etudes Commerciales (HEC) Paris; INSEAD Business School
摘要：We combine the formalism of a principal-agent framework with a value-based analysis in order to investigate the micro-foundations of business partner selection and the division of value in contracting relationships. In particular, we study how the key contracting parameters such as efficiency, transactional integrity, incentive alignment, and gaming affect outcomes when buyers face competing suppliers. We show that integrity and efficiency increase value creation and capture for all parties an...
