-
作者:Werner, S; Tosi, HL; Gomez-Mejia, L
作者单位:Arizona State University; Arizona State University-Tempe; University of Houston System; University of Houston; Bocconi University; State University System of Florida; University of Florida
摘要:This research investigated how the ownership structure is related to the firm's overall compensation strategy. The findings extend previous research that focused primarily on CEO compensation strategy. We show that there are significant differences in the compensation practices that apply to all employees as a function of the ownership structure. The results show that for owner-controlled firms and owner-managed firms there is significant pay/performance sensitivity for all employees. In manag...
-
作者:Dushnitsky, G; Lenox, MJ
作者单位:University of Pennsylvania; Duke University
摘要:We explore the conditions under which firms are likely to pursue equity investment in new ventures as a way to source innovative ideas. We find that firms invest more in new ventures-commonly referred to as 'corporate venture capital'-in industries with weak intellectual property protection and, to some extent, in industries with high technological ferment and where complementary distribution capability is important. Furthermore, we find that the greater a firm's cash flow and absorptive capac...
-
作者:Hiller, NJ; Hambrick, DC
作者单位:Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; State University System of Florida; Florida International University
摘要:Researchers have long been interested in how an executive's self-concept affects his or her behaviors, but have lacked a theoretically grounded, validated construct for conducting systematic inquires. The concept of 'core self-evaluation' (CSE), which has been recently validated in the psychology literature, concisely encompasses and consolidates the common, overlapping portions of four previously unconnected personality dimensions: self-esteem, self-efficacy, locus of control, and emotional s...
-
作者:Haas, MR; Hansen, MT
作者单位:Cornell University; INSEAD Business School
摘要:This paper explores the possibility that utilizing the firm's knowledge resources to complete important tasks can backfire and undermine competitive performance. Drawing on organizational capabilities and knowledge-sharing research, we develop a situated performance view that holds that the value of obtaining and using knowledge within a firm depends on the task situation. Using a data set of 182 sales proposals for client work in a management consulting company, we show that sales teams that ...
-
作者:Foss, K; Foss, NJ
作者单位:Copenhagen Business School; Copenhagen Business School; Norwegian School of Economics (NHH)
摘要:Property rights economics furthers the resource-based view of strategic management in a number of ways. First, resources are conceptualized as being composed of multiple attributes for which property rights may be held. Second, a resource owner's ability, to create, appropriate, and sustain value from resources depends on the property rights that he or she holds and on the transaction costs of exchanging, defining, and protecting them. While transaction costs are a major source of value dissip...
-
作者:Jacobides, MG; Winter, SG
作者单位:University of London; London Business School; University of Pennsylvania
摘要:This paper proposes that transaction costs and capabilities are fundamentally intertwined in the determination of vertical scope, and identifies the key mechanisms of their co-evolution. Specifically, we argue that capability differences are a necessary condition for vertical specialization; and that transaction cost reductions only lead to specialization when capabilities along the value chain are heterogeneous. Furthermore, we argue that there are four evolutionary mechanisms that shape vert...
-
作者:Goerzen, A; Beamish, PW
作者单位:University of Victoria; Western University (University of Western Ontario); University Western Ontario Hospital
摘要:This paper examines the impact of alliance network diversity on multinational enterprise (MNE) economic performance. We consider competing hypotheses derived, alternatively, from transaction cost theory and network theory. Using a latent variable structural equation modeling approach on a sample of 580 large MNEs, we find that MNEs with more diverse alliance networks experience lower economic performance on average than those with less diverse alliance networks. Copyright (c) 2005 John Wiley &...
-
作者:Echols, A; Tsai, W
作者单位:Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要:What is the relationship between niche and performance? We identify two types of niche positions-product niche and process niche-defined by the extent to which a firm offers distinctive products and has distinctive operational processes, respectively. We argue that the effect of each niche on firm performance is contingent upon network embeddedness-the extent to which a firm is involved in a network of interconnected inter-firm relationships. Using data covering the period 1995-98 pertaining t...
-
作者:Stevens, JM; Steensma, HK; Harrison, DA; Cochran, PL
作者单位:Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; University of Washington; University of Washington Seattle; Indiana University System; IU Kelley School of Business; Indiana University Indianapolis
摘要:With the recent spate of scandals resulting from the questionable behavior of corporate leaders, there have been calls for various governance mechanisms including ethics codes to guide executive decision-making. However, the extent to which ethics codes are actually used by executives when making strategic choices as opposed to being merely symbolic is unknown. We develop our hypotheses by combining stakeholder management theory and the theory of planned behavior, and test them with a survey o...
-
作者:Ahuja, G; Coff, RW; Lee, PM
作者单位:Arizona State University; Arizona State University-Tempe; University of Michigan System; University of Michigan; Emory University
摘要:In order to establish a competitive advantage, firms must acquire or create resources at a price below their value in use. Absent pure lack, this requires managers to exercise foresight about a resource's future value and/or complementarities with pre-existing capabilities. This foresight grants managers the opportunity to exploit information asymmetries for personal gain as well as building organizational capabilities. Nevertheless, there is limited research on the extent Of foresight or how ...