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作者：Chen, Eric L.; Katila, Riitta; McDonald, Rory; Eisenhardt, Kathleen M.
作者单位：Stanford University; Halozyme
摘要：Prior work examines competitive moves in relatively stable markets. In contrast, we focus on less stable markets where competitive advantages are temporary and R&D moves are essential. Using evolutionary search theory and an experiential simulation with in-depth fieldwork, we find that the relationship between performance and subsequent competitive moves depends on the type of market, not just on whether performance is high or low. High performers seek to maintain status quo, but this requires...
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作者：Powell, Thomas C.; Reinhardt, Ingo
作者单位：University of Oxford; University of Oxford; University of Cologne
摘要：We present an ordinal method for studying persistence in firm profitability. The method is based on the degree of stability in a ranked performance distribution over time. The method gives a numerical index of rank friction (Rf) that can be applied to any ranked data over any period of time. Rf is nonparametric and can be used to test theoretical assumptions in strategic management. We illustrate the method in an empirical study of 40 years of profit data in 12 industries. Copyright (C) 2010 J...
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作者：Dushnitsky, Gary; Shapira, Zur
作者单位：University of London; London Business School; New York University
摘要：This paper investigates the effect of compensation of corporate personnel on their investment in new technologies. We focus on a specific corporate activity, namely corporate venture capital (CVC), describing minority equity investment by established-firms in entrepreneurial ventures. The setting offers an opportunity to compare corporate investors to investment experts, the independent venture capitalists (IVCs). On average, we observe a performance gap between corporate investors and their i...
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作者：Qian, Gongming; Khoury, Theodore A.; Peng, Mike W.; Qian, Zhengming
作者单位：Oregon State University; Chinese University of Hong Kong; University of Texas System; University of Texas Dallas; Xiamen University
摘要：Engaging the debate regarding the appropriate level of geographic diversification for multinational enterprises (MNEs), we examine a critical, yet unresolved, question: How is performance impacted by the MNE's level of intra- and inter-regional diversification versus the total level of geographic diversification? Using data from 123 U.S.-based MNEs over a seven-year period and leveraging both sales-based and subsidiary-based measures for diversification, we find that performance increases at a...
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作者：Lev, Baruch; Petrovits, Christine; Radhakrishnan, Suresh
作者单位：New York University; University of Texas System; University of Texas Dallas
摘要：This study examines the impact of corporate philanthropy growth on sales growth using a large sample of charitable contributions made by U.S. public companies from 1989 through 2000. Applying Granger causality tests, we find that charitable contributions are significantly associated with future revenue, whereas the association between revenue and future contributions is marginally significant at best. We then identify the mechanism underlying our findings. Our results are particularly pronounc...
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作者：Tang, Ying-Chan; Liou, Fen-May
作者单位：National Yang Ming Chiao Tung University
摘要：A central problem in strategic management is how the inference 'sustainable competitive advantage generates sustainable superior performance' can be put into practice. In this article we develop a theoretical framework, to understand the causal relationships among (1) sustainable competitive advantage, (2) configuration, (3) dynamic capability, and (4) sustainable superior performance. We propose that a firm's competitive advantage, resource bundle configuration, and dynamic learning capabilit...
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作者：Rindova, Violina; Ferrier, Walter J.; Wiltbank, Robert
作者单位：University of Texas System; University of Texas Austin; University of Kentucky; Willamette University
摘要：Research on competitive dynamics and hypercompetition has demonstrated the importance of firm competitive actions for disrupting industry positions and gaining competitive advantage. The effects of competitive actions in disequilibrium environments, such as nascent markets, however, have not been examined. In this paper, we argue that under conditions of high ambiguity, firms can gain competitive advantage from the Gestalt properties present in the sequences of their competitive actions. Such ...
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作者：Zhang, Yan; Li, Haiyang; Li, Yu; Zhou, Li-An
作者单位：Rice University; University of International Business & Economics; Peking University
摘要：Prior literature on foreign direct investment (FDI) spillovers has mainly focused on how the presence of FDI affects the productivity of domestic firms. In this study, we advance the literature by examining the effect of the diversity of FDI country origins on the productivity of domestic firms. We propose that the diversity of FDI country origins can facilitate FDI spillovers by increasing the variety of technologies and management practices brought by foreign firms, to which domestic firms a...
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作者：Geroski, P. A.; Mata, Jose; Portugal, Pedro
作者单位：Universidade Nova de Lisboa; University of London; London Business School; Banco de Portugal
摘要：We analyze the effects of founding conditions on the survival of new firms. Based on arguments from several theoretical perspectives, namely economics, organizational ecology, and the resource-based view of the firm, we develop hypotheses that relate the survival of firms to the conditions confronted by firms at each moment and to those prevailing at the time of founding. We develop an empirical model that allows the effects of founding conditions to be transitory and estimate how long such ef...
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作者：Rawley, Evan
作者单位：University of Pennsylvania
摘要：This paper examines the impact of coordination costs and organizational rigidity on the returns to diversification. The central thesis is that coordination costs offset economies of scope, while organizational rigidity increases coordination costs, further constraining economies of scope. The empirical tests of this proposition identify the effects of coordination and organizational rigidity costs on business unit and firm productivity, using novel data from the Economic Census on taxicab and ...
