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作者：Henderson, Andrew D.; Raynor, Michael E.; Ahmed, Mumtaz
作者单位：University of Texas System; University of Texas Austin; Deloitte Touche Tohmatsu Limited; Deloitte Touche Tohmatsu Limited
摘要：Although sustained superior firm performance may arise from skillful management or other valuable, rare, and inimitable resources, it can also result from randomness. Studying U.S. companies from 1965-2008, we benchmark how long a firm must perform at a high level to be confident that it is something other than the outcome of a time-homogeneous stationary Markov chain defined on the state space of percentiles. We find (a) the number of sustained superior performers in Compustat, measured by RO...
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作者：Ramchander, Sanjay; Schwebach, Robert G.; Staking, Kim
作者单位：Colorado State University System; Colorado State University Fort Collins
摘要：This study examines the relationship between corporate social responsibility and financial performance by analyzing the intra-industry wealth impact of additions and deletions to the Domini Social 400 index. Results from the event study analysis indicate that additions to the index generate a positive share price response for the announcement firm and a negative response by rival firms. The opposite reaction is observed for index deletions. Additionally, the share price response is more pronou...
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作者：Fisch, Jan Hendrik; Zschoche, Miriam
作者单位：University of Augsburg; WHU - Otto Beisheim School of Management
摘要：Volatile factor cost developments urge manufacturing firms to increase production efficiency by building up facilities in multiple countries. Differing from previous work that examines the quality of individual locations for investment, the study evaluates the net present value, the growth option value, and the operational flexibility value of the existing production network to predict the establishment of a new site. The results on a sample of 352 German manufacturing firms suggest that the d...
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作者：Chen, Pao-Lien; Williams, Charles; Agarwal, Rajshree
作者单位：University System of Maryland; University of Maryland College Park; National Tsing Hua University; Bocconi University
摘要：We examine how entrepreneurial entry by diversifying and de novo firms in new industries leads to different levels of performance. We propose that these types of firms differ in dynamic capabilities, which help them overcome growth impediments and transition to incumbency in the industry. Growth impediments arise at larger size, older tenure levels in industry, and after technological discontinuities. Because of their prior experience, diversifying firms are better equipped to handle the chall...
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作者：Schildt, Henri; Keil, Thomas; Maula, Markku
作者单位：Aalto University; Hanken School of Economics
摘要：We examine how determinants of absorptive capacity influence learning in alliances over time. Using longitudinal patent cross-citation data, we find an inverted U-shaped pattern over time that is influenced by firm-level and relational factors. Technological similarity only modestly increases learning in the initial stages of a relationship, but moderate levels substantially increase knowledge flows later in the alliance. High technological diversity is related to higher initial learning rates...
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作者：Muehlfeld, Katrin; Sahib, Padma Rao; Van Witteloostuijn, Arjen
作者单位：Utrecht University; University of Antwerp; University of Groningen; Tilburg University
摘要：This study develops and tests theory about the context-specificity and outcome-dependence of experiential learning in acquisition processes. First, we investigate whether learning from experience gained in different acquisition contexts is limited to influencing subsequent outcomes of same-context transactions. Second, we analyze whether learning patterns in response to prior successes and failures differ across acquisition contexts, depending on two properties of these contextsthe degree of s...
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作者：Barnett, Michael L.; Salomon, Robert M.
作者单位：New York University; University of Oxford
摘要：Building on the theoretical argument that a firm's ability to profit from social responsibility depends upon its stakeholder influence capacity (SIC), we bring together contrasting literatures on the relationship between corporate social performance (CSP) and corporate financial performance (CFP) to hypothesize that the CSP-CFP relationship is U-shaped. Our results support this hypothesis. We find that firms with low CSP have higher CFP than firms with moderate CSP, but firms with high CSP hav...
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作者：Crilly, Donal; Sloan, Pamela
作者单位：University of London; London Business School; Universite de Montreal; HEC Montreal
摘要：Why are some firms more effective than others at addressing stakeholder concerns? Conventional stakeholder theories focus on variables in the external environment and cannot adequately explain variance across firms operating in the same context. Our matched-pair study of eight global corporations goes inside the firm and investigates the role of managerial cognition on corporate attention to stakeholders. We find that top management's conceptualization of the firm's relationship with societywh...
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作者：Dezso, Cristian L.; Ross, David Gaddis
作者单位：University System of Maryland; University of Maryland College Park; Columbia University
摘要：We argue that female representation in top management brings informational and social diversity benefits to the top management team, enriches the behaviors exhibited by managers throughout the firm, and motivates women in middle management. The result should be improved managerial task performance and thus better firm performance. We test our theory using 15 years of panel data on the top management teams of the S&P 1,500 firms. We find that female representation in top management improves fir...
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作者：Weigelt, Carmen; Sarkar, M. B.
作者单位：Tulane University; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University
摘要：We explore how increasing efficiency compromises adaptability when a firm outsources during the emergent stages of a technological innovation. Since efficiency -related problems differ in complexity and structure from those associated with adaptability, their optimal governance differs. While the former benefits from outsourcing, the latter is better off managed within organizational boundaries. In addition, a firm's ability to engage in complex problem solving buffers the efficiency-adaptabil...
