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作者：Zhang, Ziheng; Mount, Matthew P.; Zhang, Stephen X.
作者单位：Nankai University; University of Adelaide; Baylor University
摘要：Research SummaryUnderstanding the antecedents and consequences of executive turnover is an important topic in strategy research. Yet, due to limitations in data availability, we know little about the turnover and dismissal of executives beyond the CEO. To address this, we develop an open access database on CFO turnover and dismissal-given the unique interface CFOs form with CEOs as strategic partners-in S&P 1500 firms between 2000 and 2022. We search for media documentation of CFO turnover eve...
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作者：Lee, Yonghoon G.; Choi, Joon Nak
作者单位：Texas A&M University System; Texas A&M University College Station; Hong Kong University of Science & Technology
摘要：Research SummaryManagers draw on their informal networks of peers outside of their firm to better understand uncertain markets and help their firms adapt. This helps firms enhance their performance in information environments characterized by idiosyncratic and difficult-to-standardize soft information. However, in information environments characterized by standardized hard information, joint discussions facilitated by informal networks can make managers and their firms maladaptive towards unce...
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作者：Klein, Sascha P.; Spieth, Patrick; Ricart, Joan Enric; Noble, Charles H.
作者单位：Universitat Kassel; University of Navarra; IESE Business School; University of Tennessee System; University of Tennessee Knoxville
摘要：Research SummaryPrior research indicates that negative media coverage of business activities encourages a firm to engage in strategic change, but the conditions for this strategic focus have drawn less scholarly attention. Considering a firm's business model design (BMD) with distinct sources for value creation, we argue that the effect of negative media coverage on strategic change is contingent on the BMD. An analysis of longitudinal data from 96 established firms shows that novelty-centered...
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作者：Qian, Cuili; Liu, Yilin; Takeuchi, Riki; Wu, Junfeng
作者单位：University of Texas System; University of Texas Dallas; University of Texas System; University of Texas Dallas
摘要：Research SummaryWe integrate social comparison theory into stakeholder research to develop a multi-stakeholder, multidimensional framework to investigate how firms' relative treatment of employees affects employee whistleblowing. We theorize that a higher compensation disparity between the CEO and employees and treatment disparity between external stakeholders and employees will decrease employees' loyalty, leading to more external whistleblowing. The effects will be amplified with increased e...
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作者：Rocha, Vera; Brymer, Rhett Andrew
作者单位：Copenhagen Business School; University System of Ohio; University of Cincinnati
摘要：Research Summary: Founders often tap their prior employment or educational affiliations to facilitate employee mobilization and post-hiring integration. But, how do these affiliation-based hiring (ABH) tactics relate to venture performance? We theorize that ABH generally helps founders fulfill relational and resource goals, yet differently depending on the type and proximity of the affiliation they share with new hires. We leverage Danish employer-employee data and test our hypotheses with a s...
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作者：Cattani, Gino; Mastrogiorgio, Mariano; Carignani, Giuseppe
作者单位：New York University; IE University; University of Udine
摘要：Research SummaryDespite the importance of resource reallocation in shaping a variety of strategic outcomes, strategy scholars have paid only limited attention to the processes by which firms reallocate their resources across successive systemic innovations. To explore these processes, we conducted an in-depth historical case study on Rolls-Royce's role in three distinct systemic innovations that marked the transition from piston engines to jet engines in the civil aviation industry: the turboj...
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作者：Lee, Juyoung; Bansal, Pratima
作者单位：Hong Kong Polytechnic University; Western University (University of Western Ontario)
摘要：Research SummaryMany corporate groups have multiple layers with parent companies owning subsidiaries, which own other subsidiaries, and so forth, in a pyramid-like ownership structure. We argue that corporate groups perform their pollution-intensive activities at the lower levels of the corporate hierarchy to buffer the parent from pollution-related regulatory risks. Our analysis of 7400 US-based business establishments owned by the 67 largest US-headquartered chemical manufacturing corporate ...
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作者：Miller, Cameron D.; Wang, Richard D.
作者单位：Syracuse University; Babson College
摘要：Research SummaryWe study product digitization as an impetus for firm strategy change. Product digitization can erode a firm's ability to differentiate through physical product attributes and prompts them to increase emphasis on nonphysical product attributes to sustain their competitive advantage. We expect this effect is pronounced among firms that have pursued a physical differentiation strategy prior to the digital age. However, we expect that countervailing forces exist such that the inter...
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作者：Adbi, Arzi; Lee, Matthew; Singh, Jasjit
作者单位：National University of Singapore; Harvard University; INSEAD Business School
摘要：Research Summary: The microfinance group lending approach has achieved widespread success in promoting high rates of repayment, and thus the viability of financial access, in very low-income environments. Yet group lending, which relies on social connections between borrowers to reinforce repayment, may be vulnerable under crisis conditions in which defaults are commonplace. We explore this possibility in the context of the liquidity crisis that followed India's 2016 demonetization policy. Usi...
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作者：Zhang, Jiamin; Gu, Qian Cecilia
作者单位：Peking University; University System of Georgia; Georgia State University
摘要：Research SummaryGovernment involvement plays a significant role in fostering entrepreneurship. We examine how government involvement in venture capital (VC) investments shapes the decoupling between risk-taking and investment returns. We distinguish government involvement through state ownership (GVC) and personal political connections (connected VC). We theorize that government involvement through GVC is associated with the downside risk-return paradox, that is, concurrent higher risk-taking ...
