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作者：Henisz, Witold J.; Dorobantu, Sinziana; Nartey, Lite J.
作者单位：University of Pennsylvania; New York University; University of South Carolina System; University of South Carolina Columbia
摘要：We provide direct empirical evidence in support of instrumental stakeholder theory's argument that increasing stakeholder support enhances the financial valuation of a firm, holding constant the objective valuation of the physical assets under its control. We undertake this analysis using panel data on 26 gold mines owned by 19 publicly traded firms over the period 1993-2008. We code over 50,000 stakeholder events from media reports to develop an index of the degree of stakeholder conflict/coo...
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作者：Xia, Jun; Ma, Xufei; Lu, Jane W.; Yiu, Daphne W.
作者单位：University of Texas System; University of Texas Dallas; Chinese University of Hong Kong; National University of Singapore; University of Melbourne
摘要：This study examines and extends the resource dependence logic of diversification for a better understanding of outward foreign direct investment (OFDI) activities by emerging market firms. We contend that the diversification logic is bounded by state ownership, an important but less considered component of interdependence. Our empirical results, based on panel data analysis of Chinese listed firms, suggest that the level of interdependence between Chinese and foreign firms in China in multiple...
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作者：Foss, Nicolai J.; Hallberg, Niklas L.
作者单位：Copenhagen Business School; Norwegian School of Economics (NHH); Lund University
摘要：We develop the case for symmetrical assumptions in strategic management theory. Assumptional symmetry obtains when assumptions made about certain actors and their interactions in one of the application domains of a theory are also made about this set of actors and their interactions in other application domains of the theory. We argue that assumptional symmetry leads to theoretical advancement by promoting the development of theory with greater falsifiability and stronger ontological grounding...
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作者：Lipparini, Andrea; Lorenzoni, Gianni; Ferriani, Simone
作者单位：University of Bologna; City St Georges, University of London
摘要：We study 892 Italian motorcycle industry projects carried out via 184 different buyer-supplier and supplier-supplier relationships to provide evidence on the knowledge dynamics occurring in dyads and networks and to understand the underexplored but important (perhaps even dominant) leading role that some firms play in the evolution of networks and interfirm learning processes. We develop a multiphase model which, from a multilevel perspective addressing different relational subsets, suggests h...
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作者：Klingebiel, Ronald; Rammer, Christian
作者单位：University of Warwick; Leibniz Association; Zentrum fur Europaische Wirtschaftsforschung (ZEW)
摘要：Our study demonstrates empirically that the choice of resource allocation strategy affects innovation performance. Allocating resources to a broader range of innovation projects increases new product sales, an effect that appears to outweigh that of resource intensity. In addition, we find that the performance benefit of breadth is higher for firms that allocate resources selectively at later stages of the innovation process. This breadth-selectiveness effect is greatest for firms intending to...
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作者：Sears, Joshua; Hoetker, Glenn
作者单位：University System of Georgia; Georgia State University; Arizona State University; Arizona State University-Tempe
摘要：The performance of technological acquisitions depends heavily on the overlap between the knowledge bases of the target and acquirer. We argue that overlap is best viewed as two distinct constructs: target overlap, the proportion of the target's knowledge base that the acquirer already possesses, and acquirer overlap, the proportion of the acquirer's knowledge base duplicated by the target. Each affects the value created from the firms' technological capabilities differently due to absorptive c...
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作者：Chatterji, Aaron K.; Fabrizio, Kira R.
作者单位：Duke University; Boston University
摘要：Prior research on corporate innovation highlights the importance of accessing external knowledge from other firms and universities. However, survey evidence indicates that product users are perhaps the most important source of external knowledge. We build on existing theory to identify the conditions under which user knowledge contributes to corporate innovation and when the benefits will be greatest. Using a panel dataset of medical device companies and their collaborative efforts with innova...
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作者：Shapira, Zur; Shaver, J. Myles
作者单位：New York University; University of Minnesota System; University of Minnesota Twin Cities
摘要：Profit maximization requires that decision makers assess marginal profits. We demonstrate that decision makers often confound marginal profits with changes in average profits (e.g., changes in return-on-investment). This results in systematic deviations from profit maximization where decision makers forgo profit-enhancing investments that reduce average profits or engage in loss-enhancing investments that decrease average losses. In other words, average profit becomes an anchor by which new in...
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作者：Brahm, Francisco; Tarzijan, Jorge
作者单位：Pontificia Universidad Catolica de Chile
摘要：Using a detailed dataset from the Chilean construction industry, we explore how the predictions of the transaction cost and capabilities theories interact to explain building contractors' decisions to make or buy' the specialty trade activities needed to complete a construction project. We show that the contractor's productive capabilities strongly mediate the relationship between transaction hazards that originate from either temporal specificity or an exogenous change in the subcontracting l...
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作者：Nadolska, Anna; Barkema, Harry G.
作者单位：Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; University of London; London School Economics & Political Science
摘要：We develop new theory and hypotheses on how a firm's top management team learns from acquisition experience, why, in consequence, the composition of the team is crucial, and how this affects acquisition frequency and success. We focus on the diversity of the top team and argue that heterogeneous teams, as compared to homogenous ones, acquire less but benefit more from their acquisition experience and are more successful with their acquisitions because they avoid mis-transferring their experien...
