-
作者：Deutsch, Yuval; Keil, Thomas; Laamanen, Tomi
作者单位：York University - Canada; Aalto University
摘要：This paper contributes to multiple agency theory by examining how the compensation schemes awarded to outside directors and the CEO jointly affect firm-level risk taking. Using data of the S&P 1500 firms from 1997 to 2006, we find support for earlier arguments that providing the CEO, the outside directors, or both with stock options increases risk taking. More importantly, we find that compensating outside directors with stock options has significantly stronger effects than CEO stock options. ...
-
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...
-
作者：Adegbesan, J. Adetunji; Higgins, Matthew J.
作者单位：University System of Georgia; Georgia Institute of Technology
摘要：The differential benefits reaped by individual partners are a major determinant of the impact of strategic alliances on firm performance and an important (dis) incentive for alliance partners to collaborate in value creation. Theoretically, we lack an explicit theory of intra-alliance value division; empirically, previous analysis has been hampered by methodological challenges. We propose a bargaining framework for intra-alliance value appropriation, as well as a measure for capturing its vari...
-
作者：Miller, Kent D.; Tsang, Eric W. K.
作者单位：Michigan State University; Michigan State University's Broad College of Business; University of Texas System; University of Texas Dallas
摘要：This study identifies the practical and philosophical difficulties associated with testing strategic management and organization theories. Working from a critical realist perspective, we affirm the importance of falsification and verification efforts for progress in theory development. We advocate a four-step approach for advancing theory testing that prioritizes identifying and testing for the presence and effects of hypothesized causal mechanisms, rather than solely focusing on correlational...
