-
作者:Lee, PM
作者单位:Emory University
摘要:Downsizing and layoffs are an important mechanism for U.S. firms to cope with their strategic and economic environment. In contrast, the Japanese tradition of lifetime employment limits the ability of firms to employ layoffs as a strategic measure, relegating its use to conditions of financial distress. This paper provides the first comparison of layoffs in Japan and the United States and examines stock price reactions to layoff announcements in each country from 1990 to 1994. Agency theory an...
-
作者:Magnan, ML; StOnge, S
作者单位:Universite de Montreal; HEC Montreal
摘要:This study investigates how the relationship between bank performance and executive compensation is affected by the degree of an executive's managerial discretion. Managerial discretion is captured by two industry-specific attributes: a bank's strategic domain, and its regulatory environment. Executive compensation is found to be more related to bank performance in a context of high managerial discretion than in a contest of low managerial discretion. (C) 1997 by John Wiley & Sons, Ltd.
-
作者:Harris, D; Helfat, C
作者单位:University of Pennsylvania; Loyola University Chicago
摘要:Much research on top management compensation has focused on the relationship between pay and firm performance. Finns, however, may compensate executives for inputs such as skills, as well as for outputs such as Jinn performance. This study refocuses attention on the links between managerial abilities and compensation by examining pay differences between types of CEO successors who have differential skills-namely, internal and external successors. (C) 1997 John Wiley & Sons, Ltd.
-
作者:Dutton, JE; Ashford, SJ; ONeill, RM; Hayes, E; Wierba, EE
作者单位:Tulane University; University of Michigan System; University of Michigan
摘要:Issue selling is an important mechanism for creating change initiatives in organizations. This paper presents two studies that examine what middle managers think about as they decide whether or not to sell strategic issues to top management. In Study I middle managers identify themes that indicate a favorable or unfavorable context for issue selling. Top management's willingness to listen and a supportive culture were the most often named contributors to context favorability, while fear of neg...
-
作者:Finkelstein, S
摘要:This paper reexamines Pfeffer's (1972) classic study on interindustry merger patterns by replicating and then extending his findings. Pfeffer argued and found that resource dependencies, as measured by interindustry economic transactions, explained merger patterns. The replication investigates how robust the resource dependence explanation for interindustry mergers is when more precise methods are applied to a data set that essentially recreates Pfeffer's The extension examines the strength of...
-
作者:Tripsas, M
摘要:When radical technological change transforms an industry established firms sometimes fail drastically and are displaced by new entrants, yet other times survive and prosper. Drawing upon an unusually rich data set that covers the technological and competitive history of the typesetter industry from 1886 to 1990, this paper uses a combination of quantitative and qualitative analysis to unravel this process of creative destruction. Ir argues that the ultimate commercial performance of incumbents...
-
作者:Dollinger, MJ; Golden, PA; Saxton, T
作者单位:State University System of Florida; Florida Atlantic University; University of Wisconsin System; University of Wisconsin Madison
摘要:This paper focuses on the impact that reputation has on the decision to proceed with a strategic alliance. Employing reputation constructs adapted from the Fortune Corporate Reputation Survey we manipulated a target firm's reputation in an experimental design. The subjects were placed in the role of CEO of the partner firm and asked whether they would engage in the alliance. Findings indicate that (1) reputation is a multidimensional construct, (2) the personal information-processing character...
-
作者:Ocasio, W
摘要:The central argument is that firm behavior is the result of how firms channel and distribute the attention of their decision-makers. What decision-makers do depends on what issues and answers they focus their attention on. What issues and answers they focus on depends on the specific situation and on how the firm's rules, resources, and relationships distribute various issues, answers, and decision-makers into specific communications and procedures. The paper develops these theoretical princip...
-
作者:Ruef, M
作者单位:Stanford University
摘要:This paper proposes an empirical framework for evaluating the relative structural inertia hypothesis, a central assumption of organizational ecology theories. In stark contrast to the tenets of strategic management, the relative inertia thesis claims that organizations are typically unable to match structural changes to their competitive environments in a timely fashion. The hypothesis is tested for the hospital industry in California during the 1980-90 time frame. Strategic movements in a com...
-
作者:Oliver, C
摘要:This article suggests that the context and process of resource selection have an important influence on firm heterogeneity and sustainable competitive advantage. It is argued that a firm's sustainable advantage depends on its ability to manage the instructional context of its resource decisions. A firm's institutional context includes its internal culture as well as broader influences from the state, society, and interfirm relations that define socially acceptable economic behavior. A process ...