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作者：Ballinger, Gary A.; Marcel, Jeremy J.
作者单位：University of Virginia
摘要：Our study investigates an unexplored succession process-interim CEO successions. We define an interim CEO succession as a case where the title of chief executive officer is vacated by the incumbent and the board of directors has not announced a permanent successor, but instead designates a particular individual as 'interim CEO,' or 'acting CEO,' or 'CEO until a permanent successor is named.' Theory predicts that interim CEO successions will lead to the type of disruption that can hat-in firm p...
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作者：Haynes, Katalin Takacs; Hillman, Amy
作者单位：Texas A&M University System; Texas A&M University College Station; Mays Business School; Arizona State University; Arizona State University-Tempe
摘要：We develop the construct of board capitol, composed of the breadth and depth of directors' human and social capital, and explore how board capital affects strategic change. Building upon resource dependence theory, we submit that board capital breadth leads to more strategic change, while board capital depth leads to less. We also recognize CEO power as a moderator of these relationships. Our hypotheses are tested using a random sample of firms on the S&P 500. We find support for the effect of...
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作者：Soh, Pek-Hooi
作者单位：Simon Fraser University
摘要：This study examines the performance implications of the alliance networks of 49 firms that competed for two technology standards in the U.S. local area network industry from 1989 to 1996. During the race to define a dominant design, individual firms attract the suppliers of complements by building alliance networks to favor the firms' preferred technology standard. Controlling,for the number of suppliers in each technology standard community and the extent Of technical progress achieved by ind...
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作者：Adner, Ron; Kapoor, Rahul
作者单位：Dartmouth College; University of Pennsylvania
摘要：The success of an innovating firm often depends on the efforts of other innovators in its environment. How do the challenges faced by external innovators affect the focal firm's outcomes? To address this question we first characterize the external environment according to the structure Of interdependence. We follow the flow of inputs and outputs in the ecosystem to distinguish between upstream components that tire handled by the focal firm, and downstream complements that are bundled by the fi...
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作者：Aime, Federico; Johnson, Scott; Ridge, Jason W.; Hill, Aaron D.
作者单位：Oklahoma State University System; Oklahoma State University - Stillwater
摘要：We extend our theoretical understanding of the effect of key employee mobility on organizational performance. We find that when an organization with an advantageous set (if routines loses a key employee to a competitor, the advantaged organization's competitive position is reduced vis-a-vis the hiring competitor. What is more interesting is that we also show that the diffusion of an advantageous set of routines through the mobility of key employees may affect competitive advantage in at least ...
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作者：Tuggle, Christopher S.; Sirmon, David G.; Reutzel, Christopher R.; Bierman, Leonard
作者单位：University of Missouri System; University of Missouri Columbia; Texas A&M University System; Texas A&M University College Station; Mays Business School; Utah System of Higher Education; Utah State University
摘要：Boards of directors' attention to monitoring represents an understudied topic in corporate governance. By analyzing hundreds of board meeting transcripts, we find that board members do not maintain constant levels of attention toward monitoring, but instead selectively allocate attention to their monitoring function. Drawing from the attention-based view, prospect theory, and the literature on power, we find that deviation from prior performance and CEO duality affect this allocation. Specific...
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作者：Gruber, Marc; Heinemann, Florian; Brettel, Malte; Hungeling, Stephan
作者单位：Swiss Federal Institutes of Technology Domain; Ecole Polytechnique Federale de Lausanne; RWTH Aachen University
摘要：As one of the most widely accepted theoretical perspectives in strategy, the resource-based view (RBV) suggests that a firm's resources underlie its ability to achieve competitive advantage. However, much of the extant work in this stream has examined the characteristics that resources must have in order to yield rents, while efforts to specify the crucial link between resources and value creation have been sparse. As a consequence, current theory is not sufficiently clear on how different kin...
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作者：Souitaris, Vangelis; Maestro, B. M. Marcello
作者单位：City St Georges, University of London; Imperial College London
摘要：This study focuses on polychronicity as a cultural dimension of top management teams (TMTs). TMT polychronicity is the extent to which team members mutually prefer and tend to engage in multiple tasks simultaneously or intermittently instead of one at a time and believe that this is the best way of doing things. We explore the impact of TMT polychronicity on strategic decision speed and comprehensiveness and, subsequently, its effect on new venture financial performance. Contrary to popular ti...
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作者：Miller, Danny; Le Breton-Miller, Isabelle; Lester, Richard H.
作者单位：Universite de Montreal; HEC Montreal; University of Alberta; Texas A&M University System; Texas A&M University College Station; Mays Business School
摘要：Much of the literature on corporate acquisitions has focused on managerial incentives for making acquisitions but has underemphasized the role played by the social context Of major shareholders. This study of Fortune 1000 firms argues that the priorities and risk preferences of family owners can have important implications not only for the volume but also,for the diversifying nature of their acquisitions. Agency and family business perspectives are used to derive expectations concerning the ac...
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作者：Arikan, Asli M.; Capron, Laurence
作者单位：University System of Georgia; Georgia State University; INSEAD Business School
摘要：We examine whether pre-IPO affiliations affect post-IPO corporate events, namely acquisitions. On the one hand, newly public acquirers may benefit from their pre-IPO affiliations through residual signaling value or/and resource-related benefits. On the other hand, newly public acquirers may suffer from those affiliations when conflicts of interests arise during the post-IPO period. Equity underwriters may have incentive to promote non-value-creating acquisitions (Type II error), and venture ca...
