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作者：Yalcinkaya, Beril; Ding, Waverly W.
作者单位：University of Pennsylvania; University System of Maryland; University of Maryland College Park
摘要：Research Summary We track the enactment of targeted regulation of abortion providers (TRAP) laws in the United States and analyze 4.98 million person-year mobility records for 535,568 biomedical scientists from 1990 to 2018. Our estimations reveal a 0.8-1.6 percentage-point increase in scientists' relocation probability after states enacted abortion-restrictive laws, with substantially stronger effects among junior scientists (1.6-3.9 percentage points). Anti-abortion states also became less l...
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作者：Aoki, Katsuki
作者单位：Meiji University
摘要：Research Summary This study provides a causal explanation concerning how managerial actions using historical values contribute to dynamic capabilities, or sustaining competitive advantage in changing environments. Based on historical methods that consist mainly of hermeneutics, contextualization, and source criticism, it analyzes sources and data on how Toyota strategically responded to the competitive dynamics of the automotive industry centered around modularization. This resulted in the ide...
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作者：Botelho, Tristan L.; Wang, Qingyang (Iris)
作者单位：Yale University
摘要：Research summary Organizations are increasingly using large language models (LLMs) to support strategic evaluations. We examine whether and how these systems rely on gender and race. We asked GPT to evaluate identical startup pitches varying only the founder's name, shaping gender and race perceptions. Across 26,000 evaluations, GPT did not systematically assign lower scores to underrepresented minorities but avoided ranking them last without increasing winning likelihoods. To explain these pa...
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作者：Qu, Xinying; Eggers, J. P.; Kumar, M. V. Shyam
作者单位：University of Hartford; New York University; Rensselaer Polytechnic Institute
摘要：Research Summary Complementing the role of AI in facilitating search and identifying combinations of high value in inventive activity, we argue that AI fundamentally alters the innovation landscape by unlocking new combinations that were previously infeasible. This effect arises because AI acts as a powerful shared layer due to its predictive capabilities and its ability to transmit solutions across domains, thereby creating a bridge between previously unconnected elements. Utilizing a matched...
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作者：Pavicevic, Stevo; Keil, Thomas; Zahra, Shaker A.
作者单位：Frankfurt School Finance & Management; University of Zurich; University of Minnesota System; University of Minnesota Twin Cities
摘要：Research Summary Board human capital theory posits that directors' skills shape firm behavior. Most studies, however, examine one skill type at a time, assuming that each director contributes independently of the other skills represented on the board. We introduce the concept of director skill interdependence, theorizing that a director's influence depends on the skills of fellow directors and their committee assignments. Focusing on entrepreneurial directors in technology-intensive firms, we ...
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作者：Kapacinskaite, Aldona
作者单位：INSEAD Business School
摘要：Research Summary This study examines how multi-business firms redeploy resources following an industry shock. Using the case of oil and gas firms diversified into wind power, I show that firms reduced expenditure in oil and gas-particularly on complex offshore projects-while increasing investment in wind after the 2014 oil price crash. These investments tended to involve newer, more powerful technologies (turbines) when co-located with existing offshore oil and gas assets. The study provides d...
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作者：Kumar, Shailendra; Pant, Anirvan; Mishra, Deepti
作者单位：Indian Institute of Management (IIM System); Indian Institute of Management Bangalore; Indian Institute of Management (IIM System); Indian Institute of Management Calcutta; Indian Institute of Management (IIM System); Indian Institute of Management Calcutta
摘要：Research Summary New labels with symbolic value may constitute a strategic resource for firms in established market categories, but these labels must also provide audiences with classificatory utility. We explore this tension and develop a process explanation of how firms in established market categories appropriate new labels under audience scrutiny. Analyzing eleven years (2011-2022) of earnings calls transcripts of eight leading Information Technology services firms, we theorize around thei...
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作者：Zhao, Zeyu; Yi, Xiwei; Lange, Donald
作者单位：Arizona State University; Arizona State University-Tempe; Chinese University of Hong Kong; Peking University
摘要：Research Summary We examine whether CEO personality traits influence the likelihood of engaging in behaviors that impose agency costs on the firm. We use an established open-language machine learning program to measure CEO Big Five personality traits based on CEO remarks during earnings conference calls. We theorize and find that higher levels of agreeableness and conscientiousness in CEOs are associated with lower agency costs (operationalized here as unrelated diversification and the decoupl...
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作者：Pelucco, Valerio
作者单位：Luiss Guido Carli University
摘要：Research Summary This exploratory paper introduces a new type of family business by studying the investment strategies of family-managed venture capital funds (Family VCs) across a multi-country setting. It shows that Family VCs are more likely to invest in (syndicate with) geographically proximate startups (investors), indicating a preference for local investments. This tendency is stronger when the VC is named after the family and the family is closely involved in the decision-making process...
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作者：Kim, J. Daniel; Choi, Joonkyu; Goldschlag, Nathan; Haltiwanger, John C.
作者单位：University of Pennsylvania; Federal Reserve System - USA; Federal Reserve System Board of Governors; University System of Maryland; University of Maryland College Park
摘要：Research Summary Using administrative data from the US Census Bureau, we introduce a new public-use dataset (Business Dynamics Statistics-High Growth [BDS-HG]) that captures the full distribution of firm growth in the United States between 1978 and 2021. BDS-HG enables researchers to analyze not only high-growth firms but also stagnant and shrinking firms, disaggregated by firm maturity, size, industry, region, and year. We begin by documenting two key trends: (1) a significant decline in the ...
