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作者：Qiao, Kunyuan; Hiatt, Shon R.; Sine, Wesley D.
作者单位：Northeastern University; University of Southern California; Cornell University
摘要：Reserch Summary We propose that founding partner relationships can leave distinct imprints on organizations that differ in durability and in how they respond to subsequent changes involving the founding partner. Examining South American airlines founded between 1919 and 1984, we argue and find that such relationships simultaneously create an internal capability imprint, enhancing operational performance and facilitating international expansion, and an external identity imprint, constraining ex...
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作者：Schifeling, Todd; Lyon, Thomas P.; Vasi, Ion Bogdan
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; University of Michigan System; University of Michigan; University of Iowa
摘要：Research Summary Organizations grant stakeholders who provide valuable resources insider status in governance, excluding less valuable outsiders. Firms thereby assemble a value-maximizing resource portfolio but face challenges when environmental shifts require adaptation that harms some insiders. We combine and extend new stakeholder and social movement theories, hypothesizing how various stakeholders influence such adaptation. Outsiders can enable adaptation depending on organizational govern...
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作者：Marchesini, Giacomo; Valentini, Giovanni
作者单位：Copenhagen Business School; University of Navarra; IESE Business School
摘要：Reserch Summary Breakthrough inventions are central to firms' competitive advantage, yet what constitutes a breakthrough remains unclear. We examine the relationship between technological quality (measured by forward citations) and economic value (measured by grant-day abnormal stock-returns) of patents. Using U.S. patents assigned to publicly listed firms, we find that among the most exceptional inventions-that is, breakthroughs-the correlation between these two measures disappears: technolog...
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作者：Mount, Matthew P.; Le, Henry Tue; Bowman, Gary; Golding, Christopher
作者单位：Deakin University; Adelaide University; University of Adelaide; University of Reading
摘要：While prior research on the strategic framing of innovation highlights the cognitive mechanisms underlying novelty evaluation, we know little about the corresponding emotional mechanisms. Drawing on appraisal theory, construal level theory, and the literature on emotions, we theorize two distinct appraisal-emotion pathways through which the framing of novel ideas evokes hope and awe among investors with different motives. We argue that high-construal framing supplements economically motivated ...
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作者：Yang, Bo
作者单位：University of Hong Kong
摘要：Research Summary This study investigates how firms engage in information-seeking lobbying to address trade policy uncertainty. I argue that lobbying enables firms to gain early insights into forthcoming tariff actions, allowing them to strategically stockpile products likely to be targeted. Using shipping records of US firms during the 2018 US-China trade war, I find that lobbying firms increased imports of soon-to-be-tariffed products before tariff lists were publicly released, compared to no...
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作者：Bhatia, Nandil; Cai, Wei; Srivastava, Sameer B.
作者单位：Columbia University; University of California System; University of California Berkeley
摘要：Research Summary In evaluative contexts, evaluatees typically seek to present themselves in a favorable light, while evaluators ask penetrating questions to assess these claims. Here we develop a framework to identify curveball questions: ones that are on-topic yet perplexing (i.e., difficult to predict) relative to past discourse. We develop a language-based measure of curveball questions and apply it to a corpus of quarterly earnings calls. After validating this question-level measure, we ne...
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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：Barber, Benjamin; Giustiziero, Gianluigi; Weschle, Simon
作者单位：IE University; University of Manchester; University of North Carolina; University of North Carolina Chapel Hill
摘要：Research Summary We study an important, but largely overlooked, non-market strategy used by firms in the enforcement stage of policy: snitching, that is, providing intelligence about potential violations of their rivals in an attempt to persuade regulators to fine them. Building on political marketplace theory, we develop and test a theoretical model of how firms use snitching during regulatory enforcement. We show that in equilibrium, firms snitch when the rival's violations are likely to cau...
