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作者：Henkel, Joachim
作者单位：Technical University of Munich
摘要：The concept of risk is central to strategy research and practice. Yet, the expected positive association between risk and return, familiar from financial markets, is elusive. Measuring risk as the variance of a series of accounting-based returns, Bowman obtained the puzzling result of a negative association between risk and mean return. This finding, known as the Bowman paradox, has spawned a remarkable number of publications, and various explanations have been suggested. The present study con...
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作者：Kacperczyk, Aleksandra
作者单位：University of Michigan System; University of Michigan
摘要：Using takeover protection as an indicator of corporate governance, this study examines how an exogenous shift in power from shareholders to managers affects corporate attention to non-shareholding stakeholders. Two competing hypotheses are entertained. The shareholder view predicts that stronger takeover protection will lead to a decrease in corporate attention to shareholders and non-shareholding stakeholders alike, as managers divert resources from shareholders to the pursuit of their privat...
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作者：Miller, Kent D.; Fabian, Frances; Lin, Shu-Jou
作者单位：Michigan State University; Michigan State University's Broad College of Business; University of Memphis; Chang Gung University
摘要：This study examines the participation of firms in online communities as a means to enhance demand their products. We begin with theoretical arguments and then develop a simulation model to illustrate how demand evolves as a function of interpersonal communication and a firm's chosen strategy. In this model. the firm's strategy involves allocating advocates who promote its product in online communities. Our model results point to some key parameters informing firms, strategies when social learn...
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作者：Schilling, Melissa A.
作者单位：New York University
摘要：A considerable body of research utilizes large alliance databases (e.g., SDC, MERIT-CATI, CORE, RECAP, and BIOSCAN) to study interorganizational relationships. Understanding the strengths and limitations of these databases is crucial for informing database selection and research design. In this study I conduct an analysis of five prominent alliance databases. Focusing on technology alliances (those,formed for the purposes of joint research or cross-technology transfer), I examine the databases...
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作者：Pierce, Lamar
作者单位：Washington University (WUSTL)
摘要：This study examines shakeouts in the context of business ecosystems. Market turbulence generated by core firm decisions in competing differentiated ecosystems can generate financial losses and exit for complementary niche market firms. I develop hypotheses predicting which niche markets will suffer larger losses and be more susceptible to shakeouts, and how core firm decisions will drive complementor peformance and survival. I then apply these hypotheses to brand-based differentiated ecosystem...
