Strategic Management Journal

最新文章

• CONFIDENCE IN LEARNING: INTER- AND INTRAORGANIZATIONAL LEARNING IN FOREIGN MARKET ENTRY DECISIONS AI翻译
  作者：Li, Jiatao; Qian, Cuili; Yao, Fiona K.
  作者单位：Hong Kong University of Science & Technology; City University of Hong Kong; University of Illinois System; University of Illinois Urbana-Champaign
  摘要：From an organizational learning perspective, we argue that the information signaled by the distribution attributes of foreign investors already operating in a location will influence the entry decisions of later arrivals by affecting their level of confidence in imitating. In the context of foreign investment decisions, the proportion of experienced firms in a location was shown to first increase a follower firm's confidence about imitating them, but then to decrease it, due to anticipated com...
• Top management conservatism and corporate risk strategies: Evidence from managers' personal political orientation and corporate tax avoidance AI翻译
  作者：Christensen, Dane M.; Dhaliwal, Dan S.; Boivie, Steven; Graffin, Scott D.
  作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; University of Arizona; Korea University; Texas A&M University System; Texas A&M University College Station; Mays Business School; University System of Georgia; University of Georgia
  摘要：We investigate whether managers' personal political orientation helps explain tax avoidance at the firms they manage. Results reveal the intriguing finding that, on average, firms with top executives who lean toward the Republican Party actually engage in less tax avoidance than firms whose executives lean toward the Democratic Party. We also examine changes in tax avoidance around CEO turnovers and find corroborating evidence. Additionally, we find that political orientation is helpful in exp...
• Cannibalization and option value effects of secondary markets: Evidence from the US concert industry AI翻译
  作者：Bennett, Victor M.; Seamans, Robert; Zhu, Feng
  作者单位：University of Southern California; New York University; Harvard University
  摘要：We examine how reducing search frictions in secondary markets affects the value appropriated by firms in primary markets. We characterize two effects on primary-market firms caused by intermediaries entering secondary markets: the cannibalization and option value effects. Separation between primary and secondary markets can drive which of the two effects dominates. Firms selling valuable and scarce products are more likely to have separate primary and secondary markets, and will therefore appr...
• The double-edged sword of recombination in breakthrough innovation AI翻译
  作者：Kaplan, Sarah; Vakili, Keyvan
  作者单位：University of Toronto; University of London; London Business School
  摘要：We explore the double-edged sword of recombination in generating breakthrough innovation: recombination of distant or diverse knowledge is needed because knowledge in a narrow domain might trigger myopia, but recombination can be counterproductive when local search is needed to identify anomalies. We take into account how creativity shapes both the cognitive novelty of the idea and the subsequent realization of economic value. We develop a text-based measure of novel ideas in patents using top...
• Decision making and uncertainty: The role of heuristics and experience in assessing a politically hazardous environment AI翻译
  作者：Maitland, Elizabeth; Sammartino, Andre
  作者单位：University of New South Wales Sydney; University of Melbourne
  摘要：Heuristics have long been associated with problems of bias and framing error, often on the basis of simulation and laboratory studies. In this field study of a high-stakes strategic decision, we explore an alternative view that heuristics may serve as powerful cognitive tools that enable, rather than limit, decision making in dynamic and uncertain environments. We examine the cognitive efforts of senior decision makers of an inexperienced multinational, as they assessed a potential acquisition...
• The impact of culture on the relationship between governance and opportunism in outsourcing relationships AI翻译
  作者：Handley, Sean M.; Angst, Corey M.
  作者单位：University of Notre Dame
  摘要：To address concerns of opportunism, outsourcing firms are encouraged to deploy contractual and relational governance. The individual and collective effects of these mechanisms have been previously examined but not in specific contexts. This study examines the effects of contractual and relational governance on provider opportunism, incorporating the moderating influence of a shift parameternational culture. Our results reveal that contractual governance is more effective in individualistic and...
• Throwing caution to the wind: The effect of CEO stock option pay on the incidence of product safety problems AI翻译
  作者：Wowak, Adam J.; Mannor, Michael J.; Wowak, Kaitlin D.
  作者单位：University of Notre Dame
  摘要：Stock options are thought to align the interests of CEOs and shareholders, but scholars have shown that options sometimes lead to outcomes that run counter to what they are meant to achieve. Building on this research, we argue that options promote a lack of caution in CEOs that manifests in a higher incidence of product safety problems. We also posit that this relationship varies across CEOs, and that the effect of options will depend upon CEO characteristics such as tenure and founder status....
• MANAGERIAL COGNITIVE CAPABILITIES AND THE MICROFOUNDATIONS OF DYNAMIC CAPABILITIES AI翻译
  作者：Helfat, Constance E.; Peteraf, Margaret A.
  作者单位：Dartmouth College
  摘要：The microfoundations of dynamic capabilities have assumed greater importance in the search for factors that facilitate strategic change. Here, we focus on microfoundations at the level of the individual manager. We introduce the concept of managerial cognitive capability, which highlights the fact that capabilities involve the capacity to perform not only physical but also mental activities. We identify specific types of cognitive capabilities that are likely to underpin dynamic managerial cap...
• PERFECT TIMING? DOMINANT CATEGORY, DOMINANT DESIGN, AND THE WINDOW OF OPPORTUNITY FOR FIRM ENTRY AI翻译
  作者：Suarez, Fernando F.; Grodal, Stine; Gotsopoulos, Aleksios
  作者单位：Boston University; Sungkyunkwan University (SKKU)
  摘要：The optimal time to enter emerging industries is a key concern in strategy, yet scholars struggle to create a theoretical foundation that can integrate conflicting empirical findings. We incorporate categorical dynamics to industry life cycle theory to enhance existing entry timing theories. We introduce the concept of a dominant categorythe conceptual schema that most stakeholders adhere to when referring to products that address similar needs and compete for the same market spacelinking it t...
• Utilizing the firm's resources: How TMT heterogeneity and resulting faultlines affect TMT tasks AI翻译
  作者：Ndofor, Hermann Achidi; Sirmon, David G.; He, Xiaoming
  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; Beijing Jiaotong University
  摘要：While theory and evidence show that firms' competitive actions mediate the resource-performance relationship, details of top managements' roles in shaping resource utilization choices have been underemphasized. We address this oversight by integrating top management team heterogeneity and any resulting faultline strength with the resource-action-performance model to investigate how TMT composition differentially affects the model's two linkages. Specifically, we argue that TMT heterogeneity po...