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作者：Dowell, Glen W. S.; Shackell, Margaret B.; Stuart, Nathan V.
作者单位：Cornell University; University of Wisconsin System
摘要：We examine whether corporate governance matters more for firms facing financial distress. We theorize that financial crisis changes the relative costs and benefits of governance mechanisms and that more independent and smaller boards become more valuable in distressed firms. We further hypothesize that CEO power becomes increasingly beneficial as concentrated power allows the firm to respond more rapidly to the crisis. Event-history analysis of the failure of publicly traded Internet firms ove...
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作者：Muller, Alan; Kraussl, Roman
作者单位：University of Amsterdam; Vrije Universiteit Amsterdam
摘要：Major corporations often respond charitably in times of disaster. However, disasters can also impose nontrivial costs on firms themselves, and under adverse conditions, firms typically donate less, not more. This paper takes a strategic perspective on corporate magnanimity in times of crisis by looking at the relationship between firm value, reputation, and donations by U. S. Fortune 500 firms in the case of Hurricane Katrina. In general, we find that Katrina's landfall was associated with sig...
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作者：Parmigiani, Anne; Holloway, Samuel S.
作者单位：University of Oregon; University of Portland
摘要：Firm boundaries and strategic execution affect the firm's ability to generate rents, grow, and survive. Boundaries are determined through governance mode choices, such as whether to make or buy a particular good or activity. While significant work has addressed the performance implications of this fit, less attention has been directed toward strategic execution, or implementation. In particular, the impact of corporate parents has been understudied. We suggest that parent-level implementation ...
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作者：Mahmood, Ishtiaq P.; Zhu, Hongjin; Zajac, Edward J.
作者单位：National University of Singapore; McMaster University; Northwestern University
摘要：While strategy researchers have devoted considerable attention to the role of firm-specific capabilities in the pursuit of competitive advantage, less attention has been directed at how firms obtain these capabilities from outside their boundaries. In this study, we examine how firms' multiplex network ties in business groups represent one important source of capability acquisition. Our focus allows us to go beyond the traditional focus on network structure and offer a novel contingency model ...
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作者：Shaner, Janet; Maznevski, Martha
作者单位：International Institute for Management Development (IMD)
摘要：This paper empirically examines the relationship between the external business network of a country business unit (CBU) of a multinational firm, its performance, and the unique institutional characteristics of the foreign market in which it operates. We develop hypotheses about the CBU network structure associated with operating margin given different levels of institutional development, and the categories of network contacts associated with CBU operating margin. We test the hypotheses using s...
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作者：Marcel, Jeremy J.; Barr, Pamela S.; Duhaime, Irene M.
作者单位：University of Virginia; University System of Georgia; Georgia State University
摘要：Prior competitive dynamics research has drawn on theories of information processing to model the subjective antecedents of executives' retaliation choices. This prior work has made great progress in developing our understanding of the retaliation choices most firms will make to a given type of attack. What the information processing perspective has not been able to do is explain firm-specific behavior to predict which competitive moves individual firms will challenge, or explain why individual...
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作者：Cheung, Mee-Shew; Myers, Matthew B.; Mentzer, John T.
作者单位：University System of Ohio; Xavier University; University of Tennessee System; University of Tennessee Knoxville
摘要：Research in collaborative interorganizational relationships has typically focused on the value of these relationships to a specific supply chain partner. Furthermore, the phenomenon has rarely been explored in a global setting. Using primary data from 126 cross-border dyads, we investigate the influence of relational learning on the relationship performance of both the buyer and the supplier, testing the contention that both members (1) benefit from relational learning efforts and (2) enjoy eq...
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作者：Hess, Andrew M.; Rothaermel, Frank T.
作者单位：University System of Georgia; Georgia Institute of Technology; University of Virginia
摘要：To answer the question of when are assets complementary, we investigate specific resource combinations along the value chain, focusing on two mechanisms that are central to combining resources for innovation in the pharmaceutical industry: recruitment and retention of star scientists, and 2) engagement in strategic alliances. We propose that resource combinations that focus on the same parts of the value chain are substitutes due to knowledge redundancies. Conversely, we hypothesize that resou...
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作者：Graffin, Scott D.; Carpenter, Mason A.; Boivie, Steven
作者单位：University System of Georgia; University of Georgia; University of Wisconsin System; University of Wisconsin Madison; University of Arizona
摘要：We develop and test a novel theory about strategic noise with regard to CEO appointments. Strategic noise is an anticipatory and preemptive form of impression management. At the time it announces a new CEO, a board of directors seeks to manage stakeholder impressions by simultaneously releasing confounding information about other significant events. Several CEO and firm characteristics affect the likelihood that this will happen. Strategic noise is most likely when long-term CEOs have a wide p...
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作者：Adams, Renee B.; Licht, Amir N.; Sagiv, Lilach
作者单位：Reichman University; University of Queensland; Hebrew University of Jerusalem
摘要：This study examines how directors make decisions that involve shareholders and other stakeholders. Using vignettes derived from seminal court cases, we construct an index of directors' shareholderism as a general orientation on this issue. In a survey of the entire population of directors and CEOs in public corporations in one country, we find that directors' personal values and roles play an important part in their decisions. Directors and CEOs are more pro-shareholder the more they endorse e...
