-
作者：Miller, Kent D.; Lin, Shu-Jou
作者单位：Michigan State University; Michigan State University's Broad College of Business; National Taiwan Normal University
摘要：Organizations interpret their environments by categorizing strategic issues as either opportunities or threats. They make such categorizations as inferences drawn from analogies from past experience. The accuracy of issue interpretations turns on: (1) which analogy is used, (2) what are the environment's properties, and (3) what is the timeframe? A computational model allows us to evaluate over time the accuracy of interpretations based on different forms of analogical reasoning in environment...
-
作者：Vomberg, Arnd; Homburg, Christian; Bornemann, Torsten
作者单位：University of Mannheim; University of Mannheim; University of Melbourne; University of Stuttgart
摘要：Research and managerial practice generally contend that human capital and brand equity constitute a company's most valuable resources. Relying on similar underlying theoretical rationales, research on the value relevance of these two resources has developed in different disciplines. Combining diverse data sources, the authors examine the simultaneous effects of brand equity and human capital on firm value. In addition, they consider how much the effects of these two resources differ between se...
-
作者：Lee, Seung-Hyun; Mun, Hee Jin; Park, Kyung Min
作者单位：University of Texas System; University of Texas Dallas; Yonsei University; Yonsei University
摘要：Although critical resource providers offer ample access benefits to deficient firms, dependence on these resource providers is burdensome because dependency places deficient firms into a vulnerable position, especially when the dependency is asymmetric. Thus, we ask: Is it better to balance dependence among critical resource providers or asymmetrically depend on one if there is more than one resource provider? We use a unique context of the internet industry where satellite internet firms depe...
-
作者：Krause, Ryan; Priem, Richard; Love, Leonard
作者单位：Texas Christian University; Luiss Guido Carli University; Texas A&M University System
摘要：At the pinnacles of organizations, comparative tests of unity of command and shared command are nearly impossible because only one individual sits atop most organizations. In organizations led by co-CEOs, however, such a test is possible because co-CEOs can truly share power. But do they? Our research pits the unity-of-command principle against the shared-command principle and finds overall support for the former, even within the co-CEO context. Our sample of 71 co-CEO pairs at publicly traded...
-
作者：Joseph, John; Gaba, Vibha
作者单位：Duke University; INSEAD Business School
摘要：This study examines firms' responses to performance assessments relative to multiple aspiration levels. We argue that comparisons of performance to multiple aspiration levels over time affects the interpretative clarity of feedback and, consequently, shapes a firm's responsiveness. We further conceptualize the relationship between performance relative to social and historical aspirations as ambiguous, inconsistent, and consistent performance feedback. Empirically, we examine the effectson firm...
-
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...
-
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...
-
作者：Macher, Jeffrey T.; Mayo, John W.
作者单位：Georgetown University
摘要：This paper examines the determinants of firms' public policymaking influence. Using a novel and global database that measures firms' perceived influence over the executive and legislative branches of government, a systematic analysis of the firm-, industry-, and country-level determinants, and interrelationships among these determinants of firms' public policymaking influence is undertaken. The empirical results indicate that large firms perceive they have more public policymaking influence th...
-
作者：Reitzig, Markus; Maciejovsky, Boris
作者单位：University of Vienna; University of California System; University of California Riverside
摘要：Little is known about how corporate hierarchies influence managers' propensity to pass information upward within the firm. Two streams of literature arrive at seemingly conflicting and untested predictions. Information economists maintain that middle managers pass more suggestions up the firm's line of command as the corporate hierarchy increases in order to avoid corporate omission errors. In contrast, scholars of organizational psychology suggest that hierarchies lead to evaluation apprehens...
-
作者：Sakhartov, Arkadiy V.; Folta, Timothy B.
作者单位：University of Pennsylvania; University of Connecticut
摘要：Our paper scrutinizes how corporate value derives from redeployability of firms' resources to new product markets. We focus on the underexplored determinant of redeployability, inducements, defined as advantages in returns in new over existing markets. We assemble separate dimensions of inducements from research on corporate diversification and real options and consider inducements in their entirety. A simulation model casts redeployability as a real option to switch the use of resources acros...
