9期

最新文章

• Professional influence: The effects of investment banks on clients' acquisition financing and performance AI翻译
  作者：Hayward, MLA
  作者单位：University of Colorado System; University of Colorado at Colorado Springs
  摘要：This study examines the conditions in which professional firms use client engagements to get clients to subsequently hire them. The central thesis is that professional firms derive power from their specialized expertise and lead clients towards complex problems that apply the expertise. In particular, relative to cash-financed acquisitions, stock-financed acquisitions more intensively apply investment banks' expertise. Consistent with expectations, results from a sample of 404 acquisitions sho...
• Industry, corporate, and segment effects and business performance: A non-parametric approach AI翻译
  作者：Ruefli, TW; Wiggins, RR
  作者单位：University of Texas System; University of Texas Austin; University of Texas System; University of Texas Austin; University of Memphis
  摘要：The literature investigating the degree to which firm performance is associated with industry, or corporate factors has recently been subject to criticism on the grounds of both methodological shortcomings and incomplete interpretation of results. Our research goes beyond these critiques to raise more basic issues concerning the assumptions underlying variance decomposition, the methodology dominating the antecedent literature. Performance data and categorizations from a sample consistent with...
• An empirical examination of transaction- and firm-level influences on the vertical boundaries of the firm AI翻译
  作者：Leiblein, MJ; Miller, DJ
  作者单位：University System of Ohio; Ohio State University; Tulane University
  摘要：A large literature has successfully employed transaction cost economic theory to describe how exchange conditions affect the optimal form of organization. However, this approach has historically not accounted for the influence of firm-specific attributes on the governance decision. This paper develops a model based on insights from transaction cost economics, the resource-based view, and real options theory to examine how transaction-level characteristics, firm-specific capabilities, and produ...
• Testing a model of reasoned risk-taking: Governance, the experience of principals and agents, and global strategy in high-technology IPO firms AI翻译
  作者：Carpenter, MA; Pollock, TG; Leary, MM
  作者单位：University of Wisconsin System; University of Wisconsin Madison; University System of Maryland; University of Maryland College Park; California State University System; California Polytechnic State University San Luis Obispo
  摘要：Research on the governance of risky ventures, like the initial public offerings (IPOs) of high-technology firms, has focused primarily on the relationship between governance mechanisms and firm performance. While such an emphasis is clearly important, it does little to shed light on potential relationships between governance and the strategies pursued by risky firms, nor does it take into account the complementary role of key stakeholders in affecting those strategies. To partially remedy this...
• Predicting a firm's forecasting ability: The roles of organizational illusion of control and organizational attention AI翻译
  作者：Durand, R
  作者单位：emlyon business school
  摘要：Recent research shows that forecasting ability is an organizational distinctive competence. We propose and test a model accounting for interfirm differences in forecasting ability. After controlling for reciprocal effects, we find that two principal firm-level factors (i.e., organizational illusion of control and organizational attention) influence both bias and magnitude of errors in estimates. High organizational illusion of control increases positive forecast bias. As for organizational att...