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作者：Wowak, Adam J.; Hambrick, Donald C.
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：A wealth of research indicates that both executive characteristics and incentive compensation affect organizational outcomes, but the literatures within these two domains have fib wed distinct, separate paths. Our paper provides a framework for integrating these two perspectives. We introduce a new model that specifies how executive characteristics and incentives operate in tandem to influence strategic decisions and firm performance. We then illustrate our model by portraying how executive ch...
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作者：Surroca, Jordi; Tribo, Josep A.; Waddock, Sandra
作者单位：Universidad Carlos III de Madrid; Boston College
摘要：This paper examines the effects of a firm's intangible resources in mediating the relationship between corporate responsibility and financial performance. We hypothesize that previous empirical findings of a positive relationship between social and financial performance may be spurious because the researchers failed to account for the mediating effects of intangible resources. Our results indicate that there is no direct relationship between corporate responsibility and financial performance m...
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作者：Chatterji, Aaron K.; Toffel, Michael W.
作者单位：Harvard University; Duke University
摘要：While many rating systems seek to help buyers overcome information asymmetries when making purchasing decisions, we investigate how these ratings also influence the companies being rated. We hypothesize that ratings are particularly likely to spur responses from firms that receive poor ratings, and especially those that face lower-cost opportunities to improve or that anticipate greater benefits from doing do. We test our hypotheses in the context of corporate environmental ratings that guide ...
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作者：Jiang, Ruihua Joy; Tao, Qingjiu Tom; Santoro, Michael D.
作者单位：Lehigh University; Oakland University; James Madison University
摘要：In this paper, we offer a comprehensive alliance portfolio diversity construct that includes partner, functional, and governance diversity. Grounding our work primarily with the resource- and dynamic capabilities-based views, we argue that increased diversity in partners' industry, organizational, and national background will incur added complexity and coordination costs but will provide broadened resource and learning benefits. Increased functional diversity results in a more balanced portfol...
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作者：Bautista Delgado-Garcia, Juan; Manuel De la Fuente-Sabate, Juan
作者单位：Universidad de Burgos
摘要：Research on how managers influence firm outcomes has generated promising explanations of differences in organizational strategies and performance within a given industry, but has largely ignored the role of emotions in shaping managers' strategic choices. This article analyzes the influence of the affective traits of CEOs-their long-term tendency to experience positive or negative moods or emotions on strategy and performance conformity in a sample of Spanish banks and savings banks. Our resul...
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作者：Leiponen, Aija; Helfat, Constance E.
作者单位：Dartmouth College; Cornell University
摘要：Given the inherent risk of innovative activity. firms can improve the odds of success by pursuing multiple parallel objectives. Because innovation draws on many sources of ideas, firms also may improve their odds of successful innovation by accessing a large number of knowledge sources. In this study, we conduct one of the first firm-level statistical analyses of the impact on innovation of breadth in both innovation objectives and knowledge sources. The empirical results suggest that broader ...
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作者：Fan, Terence Ping Ching
作者单位：Singapore Management University
摘要：By definition, de novo industry ventures do not share many market-contact points with incumbents-itself an important source of competitive 'stability' through mutual forbearance. As such, these ventures are often subject to aggressive retaliation at the outset, which could threaten their very survival. In this study, the notion of an arch incumbent is developed, hyPothesizing that, in general, a large market overlap with an incumbent lowers the survival odds of a de novo entrant. However, a la...
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作者：Goranova, Maria; Dharwadkar, Ravi; Brandes, Pamela
作者单位：University of Wisconsin System; University of Wisconsin Milwaukee; Syracuse University
摘要：Using a corporate governance lens, this study considers owners with a stake in both the acquiring and the target firms in the context of mergers and acquisitions. A possible agency problem arises with regard to monitoring implications as managers may be able to take advantage of compromised monitoring because overlapping owners may focus on the aggregate value for both the acquiring and the target firms and nonoverlapping owners may be interested only in the acquirer's side of the deal. The re...
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作者：Cassar, Gavin
作者单位：University of Pennsylvania
摘要：This research examines the rationality of the expectations of nascent entrepreneurs. Consistent with conjectures regarding entry into self-employment, I find substantial overoptimism in nascent entrepreneurs' expectations, in that they overestimate the probability that their nascent activity will result in an operating venture. Further, for those ventures that achieve operation, individuals overestimate the expected future sales and employment. To explain variations in overoptimism, I posit th...
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作者：Arikan, Asli M.; McGahan, Anita M.
作者单位：University System of Georgia; Georgia State University; University of Toronto
摘要：This research explores evidence of corporate capabilities for conducting acquisition and alliance deals in young firms. We hypothesize that investors conjecture about the future based on information about a firm's capabilities. Each successive deal carries intrinsic value, creates experience, generates feedback, and yields information about the firm's underlying capabilities. We evaluate whether stock prices impute expectations that firms will capably pursue particular programs of acquisitions...
