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作者：Jia, Nan
作者单位：University of Southern California
摘要：This paper examines the circumstances under which collective and private corporate political actions are more likely to be substitutes or complements. Using data based on a series of nationwide surveys conducted on privately owned firms in China, I find that firms that are engaged in collective political actions are more likely to pursue private political actions. This positive relationship is stronger in less economically developed provinces and when there are greater opportunities for the st...
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作者：Di Stefano, Giada; King, Andrew A.; Verona, Gianmario
作者单位：Hautes Etudes Commerciales (HEC) Paris; Dartmouth College; Bocconi University
摘要：When will knowledge holders share their knowledge with peers? Several studies suggest that norms of knowledge disclosure encourage knowledge transfer. More recently, scholars have hypothesized that norms of knowledge use may indirectly promote it. In this article, we synthesize a theoretical framework of the effect of norms of knowledge use and test its predictions by means of a field experiment involving more than 500 Italian chefs. For the literature on knowledge transfer, we confirm the imp...
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作者：Mason, Richard; Drakeman, Donald L.
作者单位：University of Cambridge
摘要：A recent study of R&D alliances between new biotechnology firms (NBFs) and pharmaceutical firms investigated how NBFs deal with the swimming with sharks dilemma involved in allying with firms capable of appropriating value. It concludes that NBFs are less likely to select alliance partners with related expertise because of greater appropriation risk. Based on our experience as NBF managers and a survey of NBF executives, we believe that such situations are uncommon, and that the study more lik...
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作者：Conti, Raffaele
作者单位：Universidade Catolica Portuguesa
摘要：This study investigates the impact of non-competition agreements on the type of R&D activity undertaken by companies. Non-competition agreements, by reducing outbound mobility and knowledge leakages to competitors, make high-risk R&D projects relatively more valuable than low-risk ones. Thus, they induce companies to choose riskier R&D projects, such that corporate inventions are more likely to lie in the tails of the inventions' value distribution (as breakthroughs or failures) and be in nove...
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作者：Furlan, Andrea; Cabigiosu, Anna; Camuffo, Arnaldo
作者单位：University of Padua; Universita Ca Foscari Venezia; Bocconi University; Bocconi University
摘要：This study investigates how component technological change affects the relationship between product modularity and organizational modularity (the across-firm mirroring hypothesis). Studying the air conditioning industry, we show that the across-firm mirroring hypothesis does not hold for technologically dynamic components and the associated supply relationships. In this case, the mirror gets misted up with buyers and suppliers having recourse to information sharing even in the presence of high...
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作者：Leitterstorf, Max P.; Rau, Sabine B.
作者单位：WHU - Otto Beisheim School of Management
摘要：Socioemotional wealth (SEW), i.e., the noneconomic utility a family derives from its ownership position in a firm, is the primary reference point for family firms. Family firms are willing to sacrifice economic gains in order to preserve their noneconomic utility. Thus, we argue that family firms sacrifice IPO proceeds by choosing higher IPO underpricing than nonfamily firms if underpricing helps them protect their SEW. Our empirical results, based on a sample of 153 German IPOs, support our h...
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作者：Arora, Ashish; Belenzon, Sharon; Rios, Luis A.
作者单位：Duke University
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作者：Belderbos, Rene; Tong, Tony W.; Wu, Shubin
作者单位：Maastricht University; Maastricht University; University of Colorado System; University of Colorado Boulder; Shanghai University of Finance & Economics
摘要：Multinational operations confer firms a portfolio of switching options that offer potential operating flexibility in the context of input cost variability, helping firms reduce downside risk. We suggest that two conditions may shape the relationship between multinationality and downside risk. When subadditivity is present in a firm's option portfolio, such as when the firm operates affiliates in host countries with similar labor cost developments, multinationality is less likely to reduce down...
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作者：Alcacer, Juan; Chung, Wilbur
作者单位：Harvard University; University System of Maryland; University of Maryland College Park
摘要：Because agglomeration economies may create competitive advantage and each location has a unique array of agglomeration economies, where should firms locate? We combine fundamental economic and strategy concepts to: (1) determine when firms must locate proximately to access factor pools; (2) show that factor pools controlled by fewer firms are less useful to new entrants; and (3) demonstrate that certain firms risk aiding competitors when contributing to efficient factor pools. We find support ...
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作者：Marcel, Jeremy J.; Cowen, Amanda P.
作者单位：University of Virginia
摘要：Boards experience elevated levels of turnover among outside directors following financial fraud. Scholars have proposed two mechanisms that may drive this turnover. The first views turnover as part of a board's efforts to repair organizational legitimacy and avert resource withdrawal. The second argues that turnover is a byproduct of individual directors' efforts to safeguard their own reputations and mitigate professional devaluation. We use data on director departures following 63 fraud even...
