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作者：Chatterji, Aaron K.; Findley, Michael; Jensen, Nathan M.; Meier, Stephan; Nielson, Daniel
作者单位：Duke University; University of Texas System; University of Texas Austin; Columbia University; Brigham Young University
摘要：Strategy research often aims to empirically establish a causal relationship between an independent variable and a dependent variable such as firm performance. For many important strategy research questions, however, traditional empirical techniques are not sufficient to establish causal effects with high confidence. We propose that field experiments have potential to be used more widely in strategy research, leveraging methodological innovations from other disciplines to address persistent puz...
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作者：Feldman, Emilie R.; Amit, Raphael Raffi; Villalonga, Belen
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作者：Birhanu, Addis G.; Gambardella, Alfonso; Valentini, Giovanni
作者单位：emlyon business school; Bocconi University; Bocconi University; University of Navarra; IESE Business School
摘要：Research summary: Using a unique database that measures firm-level bribery in Africa and Latin America, we corroborate extant results in the literature that paying bribes deters firm investments in fixed assets. Our contribution is to explore four mechanisms. By adopting a reverse causality approach (Gelman and Imbens, 2013), we find evidence consistent with one of them: short-term oriented firms prefer to bribe rather than invest in fixed assets, while the opposite is true for firms with a lo...
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作者：Gallus, Jana; Frey, Bruno S.
作者单位：Harvard University; University of Zurich
摘要：Research summary: Awards are a valuable strategic resource. Motivation theory and the emerging body of empirical literature suggest that awards can have a significant effect on employee motivation and corporate performance, though not always in the intended direction. Awards can also destroy value. The organizational award literature has so far largely neglected this important issue. We develop a synthesis of the dimensions critical for successful award bestowals, and analyze under which condi...
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作者：Artinger, Sabrina; Powell, Thomas C.
作者单位：Max Planck Society; University of Oxford; University of Oxford
摘要：Research summary: Entrepreneurial start-ups suffer high rates of business failure. Previous research on entrepreneurial failure has focused on two kinds of explanations: statistical and psychological. Statistical explanations attribute excess entry to random errors made by boundedly rational entrepreneurs attempting to estimate business opportunities in risky markets. Psychological explanations focus on entrepreneurial overconfidence and competition neglect. These explanations emerged independ...
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作者：Barroso, Alicia; Giarratana, Marco S.; Reis, Samira; Sorenson, Olav
作者单位：Universidad Carlos III de Madrid; Bocconi University; Yale University
摘要：The performance of firms depends not just on the structure of the industries in which they compete but also on their relative positioning within those industries, in terms of operating within particular niches. We propose that demand for these niches depends endogenously on the historical ecology of the products offered: Niches become saturatedreduced in their ability to support productsas a large number of previous offerings allows the audience to satisfy its desire for products of a particul...
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作者：Castellaneta, Francesco; Gottschalg, Oliver
作者单位：Universidade Catolica Portuguesa; Hautes Etudes Commerciales (HEC) Paris
摘要：We study the impact of ownership on firm performance in an unexplored governance context: private equity (PE) firms and the buyouts in which they invest. We employ a multiple-membership, cross-classified, multilevel model on a unique database of 6,950 buyouts realized by 255 PE firms between 1973 and 2008 in 77 countries. The results document a significant PE firm effect (4.6%), the importance of which grows as time passes. We then study three contingencies that increase the importance of the ...
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作者：Belenzon, Sharon; Patacconi, Andrea; Zarutskie, Rebecca
作者单位：Duke University; University of East Anglia; Federal Reserve System - USA; Federal Reserve System Board of Governors
摘要：Research summary: Using a large sample of private firms across Europe, we examine how the social context of owners affects firm strategy and performance. Drawing on embeddedness theory and the institutional logics perspective, we argue that embeddedness in a family, in particular the nuclear family, can strengthen identification and commitment to the firm, but can also induce owners to behave more conservatively. Consistent with this argument, we find that family-owned firms have higher profit...
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作者：Swift, Tim
作者单位：Saint Joseph's University
摘要：Research summary: R&D-based exploration and exploitation are necessary in order for firms to have sustainable competitive advantage. Yet, transitioning between these orthogonal types of R&D is considered profound organizational change. Building on recent research showing that compact, significant changes in R&D expenditure is an antecedent to the transition between explorative and exploitative R&D, I show that this leap between exploration and exploitation is quite hazardous. The magnitude of ...
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作者：Bamiatzi, Vassiliki; Bozos, Konstantinos; Cavusgil, S. Tamer; Hult, G. Tomas M.
作者单位：University of Leeds; University of Leeds; University System of Georgia; Georgia State University; Michigan State University; Michigan State University's Broad College of Business
摘要：Research summary: Despite voluminous past research, the relevance of firm, industry, and country effects on profitability, particularly under adverse contexts, is still unclear. We reconcile institutional theory with the resource-based view and industrial organization economics to investigate the effects of economic adversity, such as the 2008 global economic crisis. Using a three-level random coefficient model, we examine 15,008 firms across 10 emerging and 10 developed countries for the 2005...
