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作者：Li, Jiatao; Qian, Cuili; Yao, Fiona K.
作者单位：Hong Kong University of Science & Technology; City University of Hong Kong; University of Illinois System; University of Illinois Urbana-Champaign
摘要：From an organizational learning perspective, we argue that the information signaled by the distribution attributes of foreign investors already operating in a location will influence the entry decisions of later arrivals by affecting their level of confidence in imitating. In the context of foreign investment decisions, the proportion of experienced firms in a location was shown to first increase a follower firm's confidence about imitating them, but then to decrease it, due to anticipated com...
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作者：Helfat, Constance E.; Peteraf, Margaret A.
作者单位：Dartmouth College
摘要：The microfoundations of dynamic capabilities have assumed greater importance in the search for factors that facilitate strategic change. Here, we focus on microfoundations at the level of the individual manager. We introduce the concept of managerial cognitive capability, which highlights the fact that capabilities involve the capacity to perform not only physical but also mental activities. We identify specific types of cognitive capabilities that are likely to underpin dynamic managerial cap...
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作者：Quigley, Timothy J.; Hambrick, Donald C.
作者单位：University System of Georgia; University of Georgia; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：We introduce a new explanation for one of the most pronounced phenomena on the American business landscape in recent decades: a dramatic increase in attributions of CEO significance. Specifically, we test the possibility that America's CEOs became seen as increasingly significant because they were, in fact, increasingly significant. Employing variance partitioning methodologies on data spanning 60years and more than 18,000 firm-years, we find that the proportion of variance in performance expl...
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作者：Miller, Danny; Xu, Xiaowei; Mehrotra, Vikas
作者单位：Universite de Montreal; HEC Montreal; University of Alberta
摘要：We investigate whether and when highly trained human capital constitutes a rent-sustaining resource. Our study of 444 CEOs celebrated on the covers of major U.S. business magazines found an advantage accruing to graduates of selective universities. Such CEOs led firms with higher and more sustained market valuations. The advantage was strongest for undergraduate programs as these related to the kinds of talent demanded of a CEO. The advantage also was greatest in smaller firms where CEO discre...
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作者：Raithel, Sascha; Schwaiger, Manfred
作者单位：University of Munich
摘要：Superior corporate reputations can have strategic value for firms. Of the multiple reputations associated with each firm, we focus on the perceptions of the general public. The public represents the most widely defined stakeholder group but has attracted the least amount of research interest to date. Drawing on data for German firms, this study demonstrates that superior reputation perceptions issued by the general public increase shareholder value, as measured by future stock returns. This st...
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作者：Gupta, Anuja; Hoopes, David G.; Knott, Anne Marie
作者单位：Washington University (WUSTL); Rutgers University System; Rutgers University Camden; Rutgers University New Brunswick; California State University System; California State University Dominguez Hills
摘要：One factor affecting the replicability of routines is the template of what gets replicated. There isn't much work on where this comes from. One view is that the routine is discovered over time. Another view is that in some cases firms prefer to copy the last incarnation exactly. A third view is that in completely new contexts, neither evolution nor copy-exactly is completely appropriate. In those instances firms need to redesign the routine prior to introducing it to the new context. We conduc...
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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：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 ...
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作者：Chizema, Amon; Liu, Xiaohui; Lu, Jiangyong; Gao, Lan
作者单位：Loughborough University; Peking University
摘要：Drawing on social comparison theory, this study examines the relationship between politically connected boards and top executive pay. Moreover, given the socialist orientation of China, tests are also carried out to establish the relationship between politically connected directors and pay dispersion across the firm. We find a negative association between politically connected boards and top executive pay. We also find that politically connected boards are negatively associated with pay disper...
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作者：Zhou, Nan; Guillen, Mauro F.
作者单位：China Minsheng Banking; University of Pennsylvania
摘要：We argue that the influence of the home country wanes as the firm increases its geographic reach. We introduce the concept of the home base to capture the effect of the set of countries in which the firm operates. We expect the dynamic liability of foreignness defined relative to the home base to be a better predictor than the static liability of foreignness defined relative to the home country. We also expect the diversity of foreign experience to increase foreign market entry. We find suppor...
