-
作者：Chung, Chi-Nien; Luo, Xiaowei Rose
作者单位：National University of Singapore; INSEAD Business School
摘要：We examine how leadership transition affects firm performance in emerging economies. Building upon the social embeddedness and neo-institutional perspectives, we argue for the importance of alignment between successor origin and social context for firm performance. We suggest that as a baseline outside successors enhance firm profitability because of the large-scale and rapid changes in emerging markets. However, this outsider premium is reduced in firms embedded in family and business group r...
-
作者：Jayachandran, Satish; Kalaignanam, Kartik; Eilert, Meike
作者单位：University of South Carolina System; University of South Carolina Columbia; University of Nebraska System; University of Nebraska Lincoln
摘要：Corporate social performance (CSP) consists of actions in different domains that vary in the information they provide stakeholders, and hence, in their effect on firm performance. To demonstrate this, the authors examine the impact of CSP on firm performance in two areas-the product and the environment, referred to as product social performance (PSP) and environmental social performance (ESP), respectively. PSP has a stronger positive impact on firm performance compared to ESP. The findings us...
-
作者：Graffin, Scott D.; Boivie, Steven; Carpenter, Mason A.
作者单位：University System of Georgia; University of Georgia; University of Arizona; University of Wisconsin System; University of Wisconsin Madison
摘要：This study develops and tests predictions regarding factors that influence early-stage CEO evaluation. We suggest that contextual elements of the CEO succession process will influence the heuristics that directors employ to aid in their early evaluation of a CEO because traditional performance metrics, such as firm performance, are less diagnostic of CEO quality in the first years of their tenure. Broad empirical support for our theoretical arguments is shown in a sample of Fortune 1000 firms....
-
作者：Shinkle, George A.; Kriauciunas, Aldas P.; Hundley, Greg
作者单位：University of New South Wales Sydney; Purdue University System; Purdue University; Purdue University System; Purdue University; Purdue University System; Purdue University
摘要：The strategy purity hypothesis argues firms will have better results pursuing a single, business-level strategy of either cost leadership or differentiation rather than a mix of both. Since this claim implicitly assumes a developed-economy context, we examine the efficacy of business strategies in transition economies. We find the benefits of a pure strategy are diminished when the institutional environment has a low degree of market orientation but are increased when the institutional environ...
-
作者：Paroutis, Sotirios; Heracleous, Loizos
作者单位：University of Warwick
摘要：Despite decades of research on strategy, we still know little about what the concept of strategy means to actual strategists and how they use it in practice. Working at the intersections of institutional and practice theories, we use exploratory interviews with strategy directors and a longitudinal case study to uncover four dimensions of first-order strategy discourse: functional, contextual, identity, and metaphorical. We also reveal three phases in the interrelation between first-order stra...
-
作者：Marquis, Christopher; Lee, Matthew
作者单位：Harvard University
摘要：We examine how organizational structure influences strategies over which corporate leaders have significant discretion. Corporate philanthropy is a strategic activity commonly managed through a specific, differentiated organizational structurethe corporate foundationthat formalizes and constrains the influence of individual senior managers and directors on corporate strategy. Our analysis of Fortune 500 firms from 1996 to 2006 shows that characteristics of senior management and directors affec...
-
作者：Gaur, Ajai S.; Malhotra, Shavin; Zhu, Pengcheng
作者单位：Rutgers University System; Rutgers University New Brunswick; Rutgers University Newark; Toronto Metropolitan University; University of the Pacific
摘要：To examine the impact of acquisition announcements on the stock market returns of rivals of the acquiring firms, we propose a growth probability hypothesis: when an acquisition is announced, it signals the potential for future growth in the acquirer's industry to the market, resulting in positive stock market reactions to rivals of the acquiring firms. We test the growth probability hypothesis with a longitudinal sample of Chinese domestic and cross-border acquisitions during 19932008. The res...
-
作者：Shafique, Muhammad
作者单位：Maastricht University
摘要：Innovation is becoming increasingly popular as a concept as well as a field of research. As a field, it has accumulated a significant amount of scientific knowledge. Based on bibliometric data from four major social science disciplineseconomics, sociology, psychology, and managementthis study presents a global view of the field by combining longitudinal and structural perspectives. It identifies major research traditions in the field, determines the content and disciplinary composition of each...
-
作者：Reuer, Jeffrey J.; Tong, Tony W.; Tyler, Beverly B.; Arino, Africa
作者单位：Purdue University System; Purdue University; University of Colorado System; University of Colorado Boulder; North Carolina State University; University of Navarra; IESE Business School
摘要：This study investigates how executives address information asymmetry and adverse selection surrounding international joint ventures (IJVs) and acquisitions. We argue that executives can address such exchange hazards not only through their governance decisions, as prior research indicates, but also through their selection of exchange partners. Our experimental design complements prior research on firms' governance choices in three ways: (1) by incorporating multiple potential exchange partners ...
-
作者：Arregle, Jean-Luc; Miller, Toyah L.; Hitt, Michael A.; Beamish, Paul W.
作者单位：emlyon business school; Indiana University System; IU Kelley School of Business; Indiana University Bloomington; Texas A&M University System; Texas A&M University College Station; Mays Business School; Western University (University of Western Ontario); University Western Ontario Hospital
摘要：Traditional research suggests a relationship between country-level institutions and the location choices of MNEs. However, more recent theory suggests MNEs also focus on regions (semiglobalization). Therefore, this study examines institutional effects in the context of semiglobalization by considering the influences of three formal institutions (i.e., regulatory control, political democracy, capital investments) of countries and geographic regions on MNEs' location choices of internationalizat...
