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作者：Miller, Danny; Minichilli, Alessandro; Corbetta, Guido
作者单位：Universite de Montreal; HEC Montreal; University of Alberta; Bocconi University
摘要：There has been much debate concerning the performance of family firms and the drivers of their performance. Some scholars have argued that family management is to blame when family firms go wrong; others claim that family management removes costly agency problems and encourages stewardship. Our thesis is that these disagreements can only be resolved by distinguishing among different types of family firms. We argue that family CEOs will outperform in smaller firms with more concentrated ownersh...
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作者：Denrell, Jerker; Fang, Christina; Zhao, Zhanyun
作者单位：New York University; Rider University; University of Warwick
摘要：To what extent can one infer that superior capabilities are driving sustained superior performance? Modeling performance as some combination of differences in capabilities and processes of cumulative advantage, we argue that a Bayesian framework in which decision makers take into account the differences in cumulative advantage provides for a correct inference. We show, using both simulated and real performance data, that the Bayesian method gives rise to estimates relevant for the inference pr...
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作者：Wu, Brian
作者单位：University of Michigan System; University of Michigan
摘要：This paper examines how demand conditions across alternative markets impact diversification decisions and firm performance by influencing the opportunity costs of deploying non-scale free capabilities. Using data within the cardiovascular medical device industry, this study shows that: (1) firms with a larger stock of pre-entry innovation experience are more likely to diversify; (2) firms in a current market with greater relative demand maturity are more likely to diversify; (3) diversificatio...
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作者：Hsu, David H.; Ziedonis, Rosemarie H.
作者单位：University of Pennsylvania; University of Oregon
摘要：Why and how do resources provide sources of competitive advantage? This study sheds new light on this central question of resource-based theory by allowing a single resourceentrepreneurial-firm patentsto play distinctive roles in different competitive arenas. As rights to exclude others, patents serve a well-known role as legal safeguards in product markets. As quality signals, patents also could improve access and the terms of trade in factor input markets. Based on the financing activities o...
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作者：Hutzschenreuter, Thomas; Horstkotte, Julian
作者单位：WHU - Otto Beisheim School of Management
摘要：Expanding into new product areas is an important part of the growth strategy of many firms, but there is still more to learn about how it affects firm performance. We believe that as the top management team (TMT) is responsible for coordinating product expansion, looking there can yield valuable clues. We argue that diversification entails significant additional information processing and that this strains top managerial resources. We hypothesize that task-related faultlines within the TMT may...
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作者：Nielsen, Bo Bernhard; Nielsen, Sabina
作者单位：Copenhagen Business School; University of Technology Sydney; Copenhagen Business School
摘要：This research reexamines the equivocal relationship between top management team (TMT) diversity and firm performance. Combining upper echelons theory with insights from institutional theory, we establish a new, timely dimension of TMT diversitynationality diversityand develop an integrated multilevel framework explaining how its performance implications vary across contextual settings. We find that nationality diversity is positively related to performance; and this effect is stronger in (a) l...
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作者：Dixon-Fowler, Heather R.; Ellstrand, Alan E.; Johnson, Jonathan L.
作者单位：University of North Carolina; Appalachian State University; University of Arkansas System; University of Arkansas Fayetteville
摘要：We predict that the media reports on female CEOs as a coherent group, whereas male CEOs are treated as individuals by the media. We also suggest that the resulting investors' perceptions of group entitativity of female-led firms may not only influence the succession event-performance relationship at the focal firm, but may also have a significant effect on the value of other female-led companies. Results of a text analysis and an event study of appointments of female CEOs to Fortune 1000 firms...
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作者：Weigelt, Carmen; Miller, Douglas J.
作者单位：Tulane University; University of Illinois System; University of Illinois Urbana-Champaign
摘要：Knowledge issues are central to governance choice. Organization structure influences knowledge flows and costs of knowledge creation and exchange inside the firm. Yet the question of how a firm's internal structure affects its governance choice for new activities has received scant empirical attention. We examine the role of internal structure, specifically unit autonomy and lateral coordination, in a firm's governance decision for new, knowledge-intensive activities. The findings show that in...
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作者：Li, Yong; Chi, Tailan
作者单位：State University of New York (SUNY) System; University at Buffalo, SUNY; University of Kansas
摘要：When does a venture capital firm withdraw from an investment project prior to its completion? This study offers a real options view on this decision by examining the contingent effects of portfolio configuration. We explore how project withdrawal can be influenced by two distinct dimensions of portfolio configuration, portfolio focus in a strategic domain and portfolio diversity across multiple domains. The empirical analysis shows that while portfolio focus weakens the negative effect of indu...
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作者：Kim, Eun-Hee
作者单位：George Washington University
摘要：Integrating elements from industrial organization economics and the resource-based viewcoupled with path dependence as firm resources evolve over time, this paper suggests that deregulation may not always provide greater opportunities for incumbents, and the extent to which incumbents differentiate on the green dimension may be constrained by their prior resources, in particular, capabilities with respect to brown technologies and experiences with green technologies. Using data on U.S. investo...
