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作者：Ellsaesser, Florian; Tsang, Eric W. K.; Runde, Jochen
作者单位：University of Texas System; University of Texas Dallas; University of Cambridge
摘要：We assess a recent paper by Durand and Vaara (2009) that advances causal graph modeling as a tool for inferring causes in strategy research. We focus on the Markov condition, a key assumption on which causal graph modeling is based, and show why this condition is invariably violated in strategic management in general and the resource-based view of the firm in particular. We then introduce vector space modeling as a quantitative alternative to causal graph modeling, and consider how improved me...
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作者：Patel, Pankaj C.; Cooper, Danielle
作者单位：Ball State University; University of North Texas System; University of North Texas Denton
摘要：Drawing on theoretical underpinnings of approach-avoidance motivation and CEO narcissism, we provide a framework examining stronger approach focus (motivation towards desirable outcomes) and weaker avoidance focus (motivation away from undesirable outcomes) in narcissistic CEOs using a quasi-natural experimental settingthe economic crisis beginning in 2007. Because highly narcissistic CEOs possess lower avoidance motivation in the precrisis period, their firms face greater declines in the onse...
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作者：Bettis, Richard A.; Gambardella, Alfonso; Helfat, Constance; Mitchell, Will
作者单位：University of North Carolina; University of North Carolina Chapel Hill; Bocconi University; Dartmouth College; University of Toronto; Duke University
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作者：Schnatterly, Karen; Johnson, Scott G.
作者单位：University of Missouri System; University of Missouri Columbia; Oklahoma State University System; Oklahoma State University - Stillwater
摘要：Institutional investors report that they prefer to invest in firms with greater board independence despite the fact that researchers have been unable to demonstrate a link between board independence and firm performance. We investigate whether differences among institutional investors affect these preferences. We find that trading strategies have some effect but that mutual fundsfacing the strongest institutional pressureshave significantly stronger preferences for firms with greater board ind...
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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：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：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...
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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：Diestre, Luis; Rajagopalan, Nandini
作者单位：IE University; University of Southern California
摘要：We respond to Mason and Drakeman's comment on our published paper titled Are All Sharks' Dangerous? New Biotechnology Ventures and Partner Selection in R&D Alliances (Diestre and Rajagopalan, 2012). We discuss both their survey analysis and alternative explanation and conclude that neither of them invalidates our theoretical premise and our empirical conclusions. Copyright (c) 2014 John Wiley & Sons, Ltd.
