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作者：Datta, Sudip; Iskandar-Datta, Mai
作者单位：Wayne State University
摘要：This study extends current knowledge of upper echelon executive compensation beyond the CEO, specifically CFO compensation, based on whether they possess generalist or specialist skills. We find that strategic CFOs with an elite MBA (generalist) consistently command a compensation premium, while accounting CFOs (specialist) and CFOs with a non-MBA master's degree, even from an elite institution, do not. Further, scarce strategic CFOs are awarded both higher salaries and higher equity-based com...
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作者：Fitza, Markus A.
作者单位：Texas A&M University System; Texas A&M University College Station; Mays Business School; University of Newcastle
摘要：Variance decomposition analysis is often used to examine the degree to which CEOs influence their companies' performance (the so-called CEO effect). Such studies play an important role in a body of literature that investigates the effect of leadership on organizations. In this paper, I argue that these previous studies have an important underlying flaw. Empirically, these studies wrongly attribute the performance effect of randomness-of chance-to the CEO. I demonstrate how randomness can affec...
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作者：Sakhartov, Arkadiy V.; Folta, Timothy B.
作者单位：University of Pennsylvania; University of Connecticut
摘要：Our paper elaborates the effects of resource relatedness on value of a multibusiness firm. We emphasize that value results from interplay of benefits of synergy and redeployability. This view, considering how synergy and redeployability interact in determining value, extends prior separate considerations of the two benefits. We also diagnose that the value effect of resource relatedness is contingent on uncertainty and specify this contingent relationship. We use the real option valuation appr...
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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：Jain, Amit; Thietart, Raymond-Alain
作者单位：National University of Singapore; National University of Singapore; ESSEC Business School
摘要：In this paper, we argue that capabilities serve as shift parameters that result in a change in the critical value of asset specificity at which firms switch from in-sourcing to outsourcing. Capabilities have two effects: they result in a change in firm production costs and in firm governance costs relative to the market. As a result, the frontier at which market governance gives way to firm governance shifts. Three factors that produce such shifts are the value, rarity, and inimitability of ca...
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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...
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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...
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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-...
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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：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...
