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作者：Julian, Scott D.; Ofori-Dankwa, Joseph C.
作者单位：Wayne State University; Saginaw Valley State University
摘要：Studies done in developed economies have demonstrated a positive relationship between financial resource availability and CSR. Arguments that we term the Institutional Difference Hypothesis (IDH) drawn from the institutional literature, however, suggest that institutional differences between developed and developing economies are likely to result in different CSR implications. Integrating the logic of IDH with insights from slack resources theory, we argue that there exists a negative relation...
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作者：De Figueiredo, Rui J. P.; Meyer-Doyle, Philipp; Rawley, Evan
作者单位：University of California System; University of California Berkeley; INSEAD Business School; Columbia University
摘要：This paper studies inherited agglomeration effects, which we define as human capital that managers acquire while working in an industry hub that may be transferred to a spinoff. We test for inherited agglomeration effects in the hedge fund industry and find that hedge fund managers who previously worked in New York and London outperform their peers by about one percent per year. The results are driven by managers who worked in investment management positions previously, and are at least as lar...
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作者：Shaw, Jason D.; Park, Tae-Youn; Kim, Eugene
作者单位：University of Minnesota System; University of Minnesota Twin Cities; Vanderbilt University; University System of Georgia; Georgia Institute of Technology
摘要：Reversing the focus on human capital accumulations in the resource-based literature, the authors examine the issue of human capital losses and organizational performance. They theorize that human capital losses markedly diminish the inimitability of human capital stores initially, but that the negative effects are attenuated as human capital losses increase. They argue further that these effects are more dramatic when human resource management (HRM) investments are substantial. As predicted, S...
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作者：Wales, William J.; Parida, Vinit; Patel, Pankaj C.
作者单位：James Madison University; Lulea University of Technology; Ball State University
摘要：Absorptive capacity (ACAP) refers to a firm's ability to acquire, assimilate, transform, and exploit new knowledge. Research has yet to acknowledge the possibility of limits to the financial returns of this important strategic construct. This study suggests an inverted-U shaped relationship between ACAP and financial performance. Based on data from 285 technology-based small and medium enterprises, we observe gains within three prospective, secondary measures of growth to diminish beyond lower...
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作者：Kang, Jingoo
作者单位：Korea University
摘要：Does diversification affect firm response to stakeholder demands and social issues? Despite extensive interest in corporate diversification in the strategy literature, the relationship between diversification and corporate social performance (CSP) remains largely unexplored. In this study, I propose that the level of diversification will be positively related to the CSP of firms. However, when diversified firms have a strong focus on short-term profit, it may discourage firm response to stakeh...
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作者：Doshi, Anil R.; Dowell, Glen W. S.; Toffel, Michael W.
作者单位：Harvard University; Cornell University
摘要：Mandatory information disclosure regulations seek to create institutional pressure to spur performance improvement. By examining how organizational characteristics moderate establishments' responses to a prominent environmental information disclosure program, we provide among the first empirical evidence characterizing heterogeneous responses by those mandated to disclose information. We find particularly rapid improvement among establishments located close to their headquarters and among esta...
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作者：Toh, Puay Khoon; Polidoro, Francisco
作者单位：University of Minnesota System; University of Minnesota Twin Cities; University of Texas System; University of Texas Austin
摘要：Existing literature shows that collaborative invention within the firm enhances innovativeness by facilitating knowledge recombination. Despite such benefit, firms vary in their use of collaborative invention when drawing on their individual inventors' knowledge. In addressing this puzzle, we argue that competition from rival products building on similar knowledge compels firms to favor search depth over exploratory search and respond expeditiously, thus reducing a firm's inclination toward co...
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作者：Mindruta, Denisa
作者单位：Hautes Etudes Commerciales (HEC) Paris
摘要：University-based technological opportunities are often exploited through joint corporate and academic entrepreneurship activities such as universityindustry research collaborations. This paper explores the partner attributes that drive the matching of academic scientists and firms involved in these relationships. The paper models the formation of firmfaculty partnership as an endogenous selection process driven by synergy between partners' knowledge-creation capabilities. The main findings ind...
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作者：Castaner, Xavier; Kavadis, Nikolaos
作者单位：University of Lausanne; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam
摘要：Building on and extending prior research, we propose a comprehensive framework which posits that free cash flow moderates the impact of corporate governance on financial diversification. We argue that because it increases CEO perceived risk, alignment devices increase rather than decrease financial diversification. In a sample of 59 publicly traded French corporations during 2000-2006, we show that financial diversification negatively impacts shareholder return and firm value. We obtain suppor...
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作者：Desender, Kurt A.; Aguilera, Ruth V.; Crespi, Rafel; Garcia-cestona, Miguel
作者单位：Universidad Carlos III de Madrid; University of Illinois System; University of Illinois Urbana-Champaign; Universitat Ramon Llull; Escuela Superior de Administracion y Direccion de Empresas (ESADE); Universitat de les Illes Balears; Autonomous University of Barcelona
摘要：We develop a contingency approach to explain how firm ownership influences the monitoring function of the boardmeasured as the magnitude of external audit fees contracted by the boardby extending agency theory to incorporate the resource dependence notion that boards have distinct incentives and abilities to monitor management. Analyses of data on Continental European companies reveal that while board independence and audit services are complementary when ownership is dispersed, this is not th...
