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作者：Frank, Douglas H.; Obloj, Tomasz
作者单位：Allegheny College; INSEAD Business School; Hautes Etudes Commerciales (HEC) Paris
摘要：This paper explores conflicting implications of firm-specific human capital (FSHC) for firm performance. Existing theory predicts a productivity effect that can be enhanced with strong incentives. We propose an offsetting agency effect: FSHC may facilitate more-sophisticated 'gaming' of incentives, to the detriment of firm performance. Using a unique dataset from a multiunit retail bank, we document both effects and estimate their net impact. Managers with superior FSHC are more productive in ...
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作者：Stettner, Uriel; Lavie, Dovev
作者单位：Tel Aviv University; Technion Israel Institute of Technology
摘要：Prior research on ambidexterity has limited its concern to balancing exploration and exploitation via particular modes of operation. Acknowledging the interplay of tendencies to explore versus exploit via the internal organization, alliance, and acquisition modes, we claim that balancing these tendencies within each mode undermines firm performance because of conflicting routines, negative transfer, and limited specialization. Nevertheless, by exploring in one mode and exploiting in another, i...
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作者：Zhao, Zheng Jane; Chadwick, Clint
作者单位：University of Kansas
摘要：Although a firm's innovation performance has been commonly attributed to its innovative capability, in a study of 102 Chinese automobile assemblers, we find that employees' collective motivation for new product development (NPD) is more important than NPD capability in determining firms' innovation performance. This finding suggests that researchers need to simultaneously consider both unit-level capability and unit-level motivation in studying the mechanisms that drive innovation. Furthermore...
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作者：Bettis, Richard; Gambardella, Alfonso; Helfat, Constance; Mitchell, Will
作者单位：University of North Carolina; University of North Carolina Chapel Hill; Bocconi University; Bocconi University; Dartmouth College; Duke University; University of Toronto
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作者：Bromiley, Philip; Harris, Jared D.
作者单位：University of California System; University of California Irvine; University of Virginia
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作者：Mas-Ruiz, Francisco J.; Ruiz-Moreno, Felipe; De Guevara Martinez, Antonio Ladron
作者单位：Universitat d'Alacant; Pompeu Fabra University
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作者：Grimpe, Christoph; Hussinger, Katrin
作者单位：Copenhagen Business School; Lund University; University of Luxembourg; Leibniz Association; Zentrum fur Europaische Wirtschaftsforschung (ZEW); KU Leuven
摘要：Extant literature holds that firm acquisitions create value through innovation if the knowledge bases of the acquirer and the target complement each other. Little is known about the value that patents associated with a target's knowledge convey to the acquirer, i.e., their value in securing market exclusion and freedom to operate in R&D. We argue that such property rights hold preemptive power allowing firms to capture the value from combining complementary technologies and to realize gains fr...
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作者：Wagner, Stefan; Hoisl, Karin; Thoma, Grid
作者单位：European School of Management & Technology; University of Munich; University of Camerino
摘要：The literature on organizational learning asserts that external learning is often limited geographically and technologically. We scrutinize to what extent organizations acquire external knowledge by accessing external knowledge repositories. We argue that professional service firms (PSFs) grant access to nonlocalized knowledge repositories and thereby not only facilitate external learning but also help to overcome localization. Focusing on patent law firms, we test our predictions using a uniq...
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作者：Koh, Ping-Sheng; Qian, Cuili; Wang, Heli
作者单位：Hong Kong University of Science & Technology; City University of Hong Kong; Singapore Management University
摘要：This paper advances the risk management perspective that superior social performance enhances firm value by serving as an ex ante valuable insurance mechanism. We posit that good social performance is more valuable as an insurance mechanism for firms with higher litigation risks. Moreover, value generation of corporate social performance (CSP) depends on whether a firm has gained pragmatic legitimacy (i.e., a firm's financial health) and moral legitimacy (i.e., whether or not a firm operates i...
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作者：Semadeni, Matthew; Withers, Michael C.; Certo, S. Trevis
作者单位：Indiana University System; IU Kelley School of Business; Indiana University Bloomington; Texas A&M University System; Texas A&M University College Station; Mays Business School; Arizona State University; Arizona State University-Tempe
摘要：In this paper we use simulations to examine how endogeneity biases the results reported by ordinary least squares (OLS) regression. In addition, we examine how instrumental variable techniques help to alleviate such bias. Our results demonstrate severe bias even at low levels of endogeneity. Our results also illustrate how instrumental variables produce unbiased coefficient estimates, but instrumental variables are associated with extremely low levels of statistical power. Finally, our simulat...
