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作者：Zhang, Chenjian; Tan, Justin; Tan, David
作者单位：University of Bath; Constructor University; York University - Canada; University of Washington; University of Washington Seattle
摘要：Extant research provides ambiguous views on the network adaptability of existing ventures and new ventures during environmental change. Applying an institutional perspective, this research aims to provide a clearer picture by comparing the adaptation and network configurations of existing vs. new entrepreneurial cohorts during China's institutional change after 1992. The qualitative and quantitative analyses show that the existing cohort of entrepreneurs displays network inertia, in that they ...
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作者：Feldman, Emilie R.; Amit, Raphael (Raffi); Villalonga, Belen
作者单位：University of Pennsylvania; New York University
摘要：This paper investigates the relationship between divestitures and firm value in family firms. Using hand-collected data on a sample of over 30,000 firm-year observations, we find that family firms are less likely than non-family firms to undertake divestitures, especially when these companies are managed by family rather than non-family-CEOs. However, we then establish that the divestitures undertaken by family firms, predominantly those run by family-CEOs, are associated with higher post-dive...
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作者：Miller, Douglas J.; Yang, Hsiao-Shan
作者单位：Rutgers University System; Rutgers University New Brunswick; University of Illinois System; University of Illinois Urbana-Champaign
摘要：Research summary: We replicate one of the first studies on the dynamics of diversification, Chang (1996). Our sample of public and private firms from 1992 to 2001 yields findings similar to the earlier research. Firms tend to enter new markets that have human resource profiles that are similar to the firms' existing businesses, and exit markets that have dissimilar human resource profiles. This general finding is robust to alternative specifications and controls, including the timing of market...
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作者：Danneels, Erwin
作者单位：State University System of Florida; University of South Florida
摘要：Research summary: This study tests and validates survey measures of first- and second-order competences in order to foster cumulative empirical research and theoretical refinement in the area of dynamic capabilities. Data from two informants and two time periods for a sample of publicly traded U.S. manufacturing firms are used to examine the convergent, discriminant, and nomological validity, and the reliability of scales to measure various levels and types of competences. Findings suggest tha...
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作者：Howard, Michael; Steensma, H. Kevin; Lyles, Marjorie; Dhanaraj, Charles
作者单位：Texas A&M University System; Texas A&M University College Station; Mays Business School; University of Washington; University of Washington Seattle; Indiana University System; IU Kelley School of Business; Indiana University Indianapolis; International Institute for Management Development (IMD)
摘要：Research summary: Strategic alliances have been recognized as a means for firms to learn their partners' proprietary knowledge; such alliances are also valuable opportunities for partner firms to learn tacit organizational routines from their counterparts. We consider how relatively novice technology firms can learn intraorganizational collaborative routines from more experienced alliance partners and then deploy them independently for their own innovative pursuits. We examine the alliance rel...
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作者：Husted, Bryan W.; Jamali, Dima; Saffar, Walid
作者单位：Tecnologico de Monterrey; American University of Beirut; Hong Kong Polytechnic University
摘要：Research summary: Building on economic geography and institutional theory, we develop and test theory relating geographic variables to the strength of corporate social responsibility (CSR) engagement and the cost of equity capital. For a large sample of U.S. firms over the period 1998-2009, we find strong and robust evidence that firms located in areas characterized by high levels of local CSR density score higher in CSR engagement. In addition, firms located close to major cities and financia...
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作者：Schmidt, Jens; Makadok, Richard; Keil, Thomas
作者单位：Aalto University; Purdue University System; Purdue University; University of Zurich
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作者：Ortiz-de-Mandojana, Natalia; Bansal, Pratima
作者单位：Universitat de les Illes Balears; Western University (University of Western Ontario)
摘要：Research summary: Prior work on the benefits of business sustainability often applies short-term causal logic and data analysis. In this article, we argue that the social and the environmental practices (SEPs) associated with business sustainability not only contribute to short-term outcomes, but also to organizational resilience, which we define as the firm's ability to sense and correct maladaptive tendencies and cope positively with unexpected situations. Because organizational resilience i...
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作者：Shi, Wei; Connelly, Brian L.; Sanders, Wm. Gerard
作者单位：Rice University; Auburn University System; Auburn University; University of Texas System; University of Texas at San Antonio
摘要：Research summary: Tournament theory suggests that a large gap in pay between CEOs and top managers can provide incentives to perform, but we argue that it can also elicit negative effort and even motivate the kind of behavior that leads to lawsuits. We posit that this negative effort is greater when firms have high levels of unrelated diversification because there is less operational interdependency, so tournament effects are stronger. We also contend that the influence of tournament incentive...
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作者：Schmidt, Jens; Makadok, Richard; Keil, Thomas
作者单位：Aalto University; Purdue University System; Purdue University; University of Zurich
摘要：We use an analytical model to study the effects of customer-specific synergies, i.e., synergies that arise when firms sell multiple products to the same customers. At the firm level, we show that the profitability of a customer-specific synergy depends upon cross-market correlation of customer preferences, differs when the synergy is cost-based versus differentiation-based, and can even be negative when the synergy is kept proprietary to a single firm. We also show that returns to imitating su...
