-
作者：Stern, Ithai; Dukerich, Janet M.; Zajac, Edward
作者单位：Northwestern University; University of Texas System; University of Texas Austin; Northwestern University
摘要：We analyze how incumbents in technology-driven industries are influenced by founders' reputation and status when considering strategic alliances with newly emerging firms. We theorize that reputation and status represent two distinct components of perceived quality that exert independent and interdependent effects on alliance formation. Using literature on impression formation processes to derive predictions of signal congruence, we argue that the independent effects of reputation and status a...
-
作者：Eggers, J. P.
作者单位：New York University
摘要：This article investigates the post-entry implications of pre-entry technological choices made during the uncertain period before a dominant design. Building on work on technological dynamics and organizational inertia, I argue that too early commitments to the winning technology may impede the ability to bring the best product to market, but delaying investment too long limits the ability to accumulate useful knowledge. Using data from the evolution of the flat panel display industry from 1965...
-
作者：Alessandri, Todd M.; Seth, Anju
作者单位：Northeastern University; Virginia Polytechnic Institute & State University
摘要：Research has examined the effects of managerial share ownership on business diversification, typically from the incentive alignment perspective. Yet, share ownership also shifts risk to managers (the efficient managerial contracting perspective). Furthermore, the effects of managerial ownership on international diversification are unexplored. We examine how managerial ownership influences both international and business diversification in light of the trade-off between incentive alignment and ...
-
作者：Ault, Joshua K.; Spicer, Andrew
作者单位：University of Victoria; University of South Carolina System; University of South Carolina Columbia
摘要：We examine cross-national variation in the global growth of commercial microfinance from 1998 to 2009 as a natural experiment to analyze the role of national institutions in shaping the ability of commercial enterprises to reach the global poor. Our results demonstrate that a country's level of state fragility represents an important institutional context of poverty that explains significant cross-national variation in the commercial microfinance industry's ability to grow its client base, con...
-
作者：Eesley, Charles E.; Hsu, David H.; Roberts, Edward B.
作者单位：Stanford University; University of Pennsylvania; Massachusetts Institute of Technology (MIT)
摘要：How does the relationship between founding team composition and venture performance depend on the venture's strategy and business environment? Using data from a novel survey of 2,067 firms, we show that while diverse founding teams tend to exhibit higher performance, this is not universally true. We find that founding teams that are diverse are likely to achieve high performance in a competitive commercialization environment. On the other hand, technically focused founding teams are aligned wi...
-
作者：Vanneste, Bart S.; Puranam, Phanish; Kretschmer, Tobias
作者单位：University of London; University College London; INSEAD Business School; University of Munich
摘要：A common premise in prior research is that trust increases over time in relationships. Through a meta-analysis of 39 studies, we find that the bivariate correlation between trust and relationship duration (1) is on average positive and small, and (2) varies significantly across studies indicating the presence of unobserved moderators. We therefore build a theoretical framework to specify four different mechanisms-initial bias correction, change in relationship value, identification, and trust-...
-
作者：York, Jeffrey G.; Lenox, Michael J.
作者单位：University of Colorado System; University of Colorado Boulder; University of Virginia
摘要：The influence of institutional factors on firm entry has long interested strategy scholars. However, we have limited understanding of how the sociocultural environment, defined as the unwritten, decentralized rules of the game, influences founding rates in emergent industries; we know even less about how these noneconomic factors differentially influence entry by new entrepreneurial (de novo) firms versus diversifying incumbent (de alio) firms. Utilizing a unique dataset on entry in the green ...
-
作者：Liu, Kun; Arthurs, Jonathan D.; Nam, Daeil; Mousa, Fariss-Terry
作者单位：Wayne State University; Oregon State University; Korea University; James Madison University
摘要：This paper examines the diffusion of information around the initial public offering (IPO) process and identifies transaction partners on which IPO firms are dependent. Using a resource payments perspective, we argue that this dependence will lead to greater cumulative abnormal stock returns for transaction partners when this information is revealed in the market (when the initial form S-1 is filed with the SEC). Moreover, we examine the uniqueness of the resource configuration between the IPO ...
-
作者：Cook, Alison; Glass, Christy
作者单位：Utah System of Higher Education; Utah State University; Utah System of Higher Education; Utah State University
摘要：Using a dataset of all CEO transitions in Fortune 500 companies over a 15-year period, we analyze mechanisms that shape the promotion probabilities and leadership tenure of women and racial/ethnic minority CEOs. Consistent with the theory of the glass cliff, we find that occupational minorities-defined as white women and men and women of color-are more likely than white men to be promoted CEO of weakly performing firms. Though we find no significant differences in tenure length between occupat...
-
作者：Tuschke, Anja; Sanders, W. M. Gerard; Hernandez, Exequiel
作者单位：University of Munich; Rice University; Washington University (WUSTL)
