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作者：Diestre, Luis; Rajagopalan, Nandini; Dutta, Shantanu
作者单位：IE University; University of Southern California
摘要：In this study we provide evidence that firms considering entering new markets are more likely to appoint directors with experience in those markets; and subsequently, we show that directors' market experience increases the likelihood of new-market entry. Moreover, we explore the presence of constraints in both, acquiring experienced directors and utilizing their experience. Specifically, we find that experienced directors are less likely to join firms with financial restatements in the recent ...
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作者：Kapoor, Rahul; Furr, Nathan R.
作者单位：University of Pennsylvania; Brigham Young University
摘要：Entrants in new industries pursue distinct technologies in hopes of winning the technology competition and achieving sustainable competitive advantage. We draw on the complementary assets framework to predict entrants' technology choices in an emerging industry. Evidence from the global solar photovoltaic industry supports our arguments that entrants are more likely to choose technologies with higher technical performance and for which key complementary assets are available in the ecosystem. H...
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作者：Cain, Daylian M.; Moore, Don A.; Haran, Uriel
作者单位：Yale University; University of California System; University of California Berkeley; Ben-Gurion University of the Negev
摘要：Entrepreneurs are often described as overconfident (or at least very confident), even when entering difficult markets. However, recent laboratory findings suggest that difficult tasks tend to produce underconfidence. How do entrepreneurs maintain confidence in difficult tasks? Our two laboratory experiments and one archival study reconcile the literature by distinguishing types of overconfidence and identifying what type is most prominent in each type of task. Furthermore, we critically examin...
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作者：Lazzarini, Sergio G.
作者单位：Insper
摘要：Despite the prevalence of governmental action devised to foster firms and industries, the link between industrial policy (IP) and competitive advantage has received scant attention in strategic management. I propose a model where such a link is mediated by the accumulation and churning of local resources and capabilities. I also introduce the concept of support-adjusted sustainable competitive advantage (SASCA), which occurs if a firm's observed performance is superior to the expected performa...
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作者：Andersen, Torben J.; Bettis, Richard A.
作者单位：Copenhagen Business School; University of North Carolina; University of North Carolina Chapel Hill
摘要：We study a longitudinal fit model of adaptation and its association with the longitudinal risk-return relationship. The model allows the firm to adjust its position in response to partial learning about a changing environment characterized by two path-dependent processesa random walk and a stochastic trend. Computational simulations at low levels of learning in both environmental contexts are consistent with empirical data. However, the results are also consistent when firm behavior appears to...
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作者：Quigley, Timothy J.; Hambrick, Donald C.
作者单位：University System of Georgia; University of Georgia; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：We introduce a new explanation for one of the most pronounced phenomena on the American business landscape in recent decades: a dramatic increase in attributions of CEO significance. Specifically, we test the possibility that America's CEOs became seen as increasingly significant because they were, in fact, increasingly significant. Employing variance partitioning methodologies on data spanning 60years and more than 18,000 firm-years, we find that the proportion of variance in performance expl...
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作者：Kehoe, Rebecca R.; Tzabbar, Daniel
作者单位：Rutgers University System; Rutgers University New Brunswick; Drexel University
摘要：Do star employees enhance or constrain the innovative performance of an organization? Using data from 456 biotechnology firms between 1973 and 2003, we highlight the duality of the effects that stars have on firm performance. We show that while stars positively affect firms' productivity, their presence constrains the emergence of other innovative leaders in an organization. We find that firm productivity and innovative leadership among non-stars in a firm are greatest when a star has broad ex...
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作者：Xia, Fan; Walker, Gordon
作者单位：Universite de Rennes; ESC Rennes School of Business; Southern Methodist University
摘要：Who owns the firm (the state, private ownership, foreign investors) has long been an important topic for research on organizations. This paper estimates how much ownership contributes to firm performance, compared to other factors, including industry, region, firm size, year, and the firm itself. The data are on manufacturing firms in mainland China from 1998 to 2007. We find that the effect of owner type is significant and pervasive across regions and interacts with both geography and time, r...
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作者：Pacheco-de-Almeida, Goncalo; Hawk, Ashton; Yeung, Bernard
作者单位：Hautes Etudes Commerciales (HEC) Paris; University System of Ohio; Ohio State University; National University of Singapore
摘要：Slow investments cause substantial revenue losses, yet acceleration increases costs. This tradeoff implies that an optimal investment speed usually exists; it is faster the higher a firm's intrinsic speed capability. We hypothesize that it is a firm's intrinsic speed capability, rather than its speed relative to industry competitors per se, that boosts firm value. Using data on oil and gas facilities (1996-2005), we find that intrinsic speed capabilities augment firm value in a varied way: the...
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作者：Miller, Kent D.; Lin, Shu-Jou
作者单位：Michigan State University; Michigan State University's Broad College of Business; National Taiwan Normal University
摘要：Organizations interpret their environments by categorizing strategic issues as either opportunities or threats. They make such categorizations as inferences drawn from analogies from past experience. The accuracy of issue interpretations turns on: (1) which analogy is used, (2) what are the environment's properties, and (3) what is the timeframe? A computational model allows us to evaluate over time the accuracy of interpretations based on different forms of analogical reasoning in environment...
