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作者：Baer, Markus; Dirks, Kurt T.; Nickerson, Jackson A.
作者单位：Washington University (WUSTL)
摘要：Before a strategy can be developed, the problem it is supposed to address needs to be formulated. We establish the microfoundations of strategic problem formulation by developing a theory that predicts a core set of impediments to formulation that arise when complex, ill-structured problems are addressed by heterogeneous teams. These impediments fundamentally constrain and narrow problem formulation, thereby limiting solution search and potential value creation. We establish these impediments ...
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作者：Hadani, Michael; Schuler, Douglas A.
作者单位：Long Island University; Long Island University Post; Rice University
摘要：Although many believe that companies' political activities improve their bottom line, empirical studies have not consistently borne this out. We investigate the relationship between corporate political activity (CPA) and financial returns on a set of 943 S&P 1500 firms between 1998 to 2008. We find that firms' political investments are negatively associated with market performance and cumulative political investments worsen both market and accounting performance. Firms placing former public of...
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作者：Sosa, M. Lourdes
作者单位：University of London; London Business School
摘要：The creative destruction literature has argued that differences in R&D performance of incumbent vs. entrant firms can be explained through organizational change theories about established vs. de novo firms. A disconnect exists between these theories and the available empirical evidence because often the best performing firms are established firms as well. I propose to resolve this disconnect by distinguishing between market incumbency (presence in a market prior to a discontinuity) and organiz...
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作者：Nell, Phillip C.; Ambos, Bjoern
作者单位：Copenhagen Business School; Vienna University of Economics & Business
摘要：What determines the value an MNC's headquarters adds to its own affiliates? In this paper, we shed light on this question by linking the embeddedness view of the multinational corporation to the literature on parenting advantage. We test our hypotheses on an original dataset of 124 manufacturing subsidiaries located in Europe. Our results indicate that the external embeddedness of the MNC is an antecedent to headquarters' value creation. We find that headquarters' investments into their own re...
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作者：Van de Vrande, Vareska
作者单位：Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC
摘要：With external innovation becoming more and more important, many firms struggle with the question of how to balance their technology-sourcing portfolio. This study addresses this issue by looking at the effects of portfolio diversity on performance outcomes and the conditions under which diversity is most likely to materialize. Using a dataset of strategic investments by pharmaceutical firms, the results show that the variance in relative technological proximity between the focal firm and its p...
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作者：Reitzig, Markus; Sorenson, Olav
作者单位：University of Vienna; Yale University
摘要：We propose that the failure to adopt an idea or innovation can arise from an in-group bias among employees within an organizational subunit that leads the subunit's members to undervalue systematically ideas associated with members of the organization outside their subunit. Such biases in internal selection processes can stymie organizational adaptation and therefore depress the performance of the firm. Analyzing data on innovation proposals inside a large, multinational consumer goods firm, w...
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作者：Wiersema, Margarethe F.; Zhang, Yan (Anthea)
作者单位：University of California System; University of California Irvine; Rice University
摘要：While boards are known to react to corporate misconduct by removing the executives responsible, little is known about whether the board's response is shaped by the firm's social context. Using the 2006 stock option backdating scandal, in which firms manipulated stock option grant dates, we examine the impact of two dimensions of social contextthe pervasiveness of the misconduct and the media attention to the misconduct. We find that firms implicated later in the backdating scandal are less lik...
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作者：Krause, Ryan; Semadeni, Matthew; Cannella, Albert A., Jr.
作者单位：Texas Christian University; Indiana University System; IU Kelley School of Business; Indiana University Bloomington; Arizona State University; Arizona State University-Tempe
摘要：Much of the scholarship on boards of directors has examined either the control (i.e., monitoring) role or the resource dependence role that boards fill. Relatively little has examined the service role, wherein directors provide advice and guidance to management. This study builds on recent work exploring director expertise by asking how operational expertise on boards impacts firm performance. We find that having external COO/presidents on a board of directors positively impacts firm performan...
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作者：Garriga, Helena; von Krogh, Georg; Spaeth, Sebastian
作者单位：Swiss Federal Institutes of Technology Domain; ETH Zurich
摘要：Laursen and Salter (2006) examined the impact of a firm's search strategy for external knowledge on innovative performance. Based on organizational learning and open innovation literature, we extend the model hypothesizing that the search strategy itself is impacted by firm context. That is, both constraints on the application of firm resources' and the abundance of external knowledge' have a direct impact on innovative performance and a firm's search strategy in terms of breadth and depth. Ba...
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作者：Hawk, Ashton; Pacheco-de-Almeida, Goncalo; Yeung, Bernard
作者单位：University System of Ohio; Ohio State University; Hautes Etudes Commerciales (HEC) Paris; National University of Singapore
摘要：Entry timing benefits and costs typically vary with firms' capabilities. In this study, we empirically examine the entry timing implications of firms' intrinsic speed capabilities, which refer to the ability to execute investment projects faster than competitors. We hypothesize that firms with intrinsic speed capabilities face low preemption risks and, thus, can afford to wait longer for uncertainty resolution before deciding to enter new markets. This hypothesis is more applicable when invest...
