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作者:Kang, Jingoo
作者单位:Nanyang Technological University; Korea University
摘要:Do CEOs nearing retirement attempt to boost short-term firm performance or do they care more about what type of legacy they will leave behind? The two opposing predictions about the behavior of CEOs upon retirement suggest that retiring CEOs' decisions about certain long-term investment items may be more complex than suggested in the literature. In search of an answer to this question, we examine the relationship between CEO retirement and the level of firm commitment to corporate social respo...
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作者:Li, Mei; Lin, Ying; Huang, Shuai; Crossland, Craig
作者单位:University of Notre Dame; University of Washington; University of Washington Seattle
摘要:Research summary: This paper uses Sparse Inverse Covariance Estimation (SICE) to advance strategic management research, focusing on an application of exploratory SICE techniques to generate novel, testable hypotheses. We demonstrate how SICE can identify intrinsic relationships among variables, especially within large, high-dimension-low-observation datasets. We also discuss the strengths and limitations of SICE, as well as the most appropriate uses of these techniques. We conclude with a deta...
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作者:Foss, Nicolai J.; Pedersen, Torben
作者单位:Copenhagen Business School; Bocconi University
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作者:Martin, Geoffrey P.; Wiseman, Robert M.; Gomez-Mejia, Luis R.
作者单位:University of Melbourne; Michigan State University; Michigan State University's Broad College of Business; University of Notre Dame
摘要:Research summary: We draw on behavioral agency theory to explain how decision heuristics associated with CEO stock options interact with firm slack to shape the CEO's preference for short-or long-term strategies (temporal orientation). Our findings suggest CEO current option wealth substitutes for the influence of slack resources in encouraging a long-term orientation, while prospective option wealth enhances the positive effect of slack on temporal orientation. Our theory offers explanations ...
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作者:Bertrand, Olivier; Betschinger, Marie-Ann; Settles, Alexander
作者单位:SKEMA Business School; Universite de Lille; University of Fribourg; HSE University (National Research University Higher School of Economics); HSE University (National Research University Higher School of Economics); Rutgers University System; Rutgers University Newark; Rutgers University New Brunswick
摘要:Research summary: In the context of economic nationalism, we investigate the relevance of political affinity between countries to the initial acquisition premium offered in cross-border acquisitions. Political affinity is defined as the similarity of national interests in global affairs. We argue that political affinity affects how foreign acquirers anticipate their bargaining position in their negotiations with domestic target firms. With decreasing political affinity, the host government bec...
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作者:Stern, Ithai; James, Sharon D.
作者单位:INSEAD Business School; Arkansas State University
摘要:Research summary: This paper uses signaling theory to bring together two complementary research streams that have largely ignored each other: strategic human resource management and media relations management. We argue that when publicly traded firms voluntarily and publicly disclose positive information about their value creation and appropriation activities, they also send positive signals to managerial labor markets regarding executives' capabilities. Accordingly, we hypothesize a positive ...
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作者:Mani, Deepa; Nandkumar, Anand
作者单位:Indian School of Business (ISB); Indian School of Business (ISB)
摘要:Research summary: This article uses Group-Based Trajectory (GBT) Models to advance strategic management research, focusing on demonstrating the differential impacts of markets for technology on the value of technological capabilities. Group Based Trajectory (GBT) models, a statistical technique based on finite mixture models, can be used to discern heterogeneity based on an attribute of interest, especially when the heterogeneity changes or evolves over time, and when there is a lack of theore...
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作者:Hawn, Olga; Ioannou, Ioannis
作者单位:University of North Carolina; University of North Carolina Chapel Hill; University of North Carolina School of Medicine; University of London; London Business School
摘要:Research summary: We explore the effect of the interplay between a firm's external and internal actions on market value in the context of corporate social responsibility (CSR). Specifically, drawing from the neo-institutional theory, we distinguish between external and internal CSR actions and argue that they jointly contribute to the accumulation of intangible firm resources and are therefore associated with better market value. Importantly, though, we find that, on average, firms undertake m...
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作者:Karim, Samina; Capron, Laurence
作者单位:Boston University; INSEAD Business School
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作者:Mitchell, Will; Bettis, Richard; Gambardella, Alfonso; Helfat, Constance; Leiponen, Aija