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作者：Chizema, Amon; Liu, Xiaohui; Lu, Jiangyong; Gao, Lan
作者单位：Loughborough University; Peking University
摘要：Drawing on social comparison theory, this study examines the relationship between politically connected boards and top executive pay. Moreover, given the socialist orientation of China, tests are also carried out to establish the relationship between politically connected directors and pay dispersion across the firm. We find a negative association between politically connected boards and top executive pay. We also find that politically connected boards are negatively associated with pay disper...
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作者：Manikandan, K. S.; Ramachandran, J.
作者单位：Indian Institute of Management (IIM System); Indian Institute of Management Tiruchirappalli; Indian Institute of Management (IIM System); Indian Institute of Management Bangalore
摘要：We extend the institutional voids perspective on business groups by examining the value-adding potential of two of the characteristic features of business groups: their diverse portfolio and multi-entity organizational form. We maintain that portfolio diversity affords affiliates privileged access to opportunities hidden by incomplete strategic factor markets. We hypothesize that the multi-entity organizational form enables superior sensing and seizing of these growth opportunities by affiliat...
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作者：Gambardella, Alfonso; Panico, Claudio; Valentini, Giovanni
作者单位：Bocconi University
摘要：Motivating human capital in knowledge-intensive activities is a serious managerial challenge because it is difficult to link rewards to actions or performance. Firms instead might motivate knowledge workers by offering them opportunities to increase personal benefits (e.g., learning, satisfaction) through autonomy in the decision-making process. Our model shows that firms can offer less autonomy in projects closer to their core business: Because firm specialization raises the value of the proj...
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作者：Reitzig, Markus; Maciejovsky, Boris
作者单位：University of Vienna; University of California System; University of California Riverside
摘要：Little is known about how corporate hierarchies influence managers' propensity to pass information upward within the firm. Two streams of literature arrive at seemingly conflicting and untested predictions. Information economists maintain that middle managers pass more suggestions up the firm's line of command as the corporate hierarchy increases in order to avoid corporate omission errors. In contrast, scholars of organizational psychology suggest that hierarchies lead to evaluation apprehens...
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作者：Sakhartov, Arkadiy V.; Folta, Timothy B.
作者单位：University of Pennsylvania; University of Connecticut
摘要：Our paper scrutinizes how corporate value derives from redeployability of firms' resources to new product markets. We focus on the underexplored determinant of redeployability, inducements, defined as advantages in returns in new over existing markets. We assemble separate dimensions of inducements from research on corporate diversification and real options and consider inducements in their entirety. A simulation model casts redeployability as a real option to switch the use of resources acros...
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作者：Zhu, David H.; Chen, Guoli
作者单位：Arizona State University; Arizona State University-Tempe; INSEAD Business School
摘要：We explain why CEOs favor new directors who are similar in narcissistic tendency or have prior experience with other similarly narcissistic CEOs. Because powerful CEOs are more able to select such individuals onto their boards, CEO power is predicted to be positively associated with the above characteristics of new directors. These associations are expected to be stronger when a new director is more different from the CEO in salient demographic characteristics. Moreover, we explain why new dir...
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作者：Elfenbein, Daniel W.; Knott, Anne Marie
作者单位：Washington University (WUSTL)
摘要：Existing studies of exit delay typically focus on rational, behavioral, or organizational explanations in isolation. We integrate these different theoretical explanations, develop testable hypotheses for each, and examine them using the population of US banks between 1984 and 1997. Banks' exit behavior is not consistent with theories emphasizing the option value of avoiding reentry costs. Patterns of exit do, however, support models of rational delay under ability uncertainty. Controlling for ...
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作者：Ridge, Jason W.; Aime, Federico; White, Margaret A.
作者单位：Clemson University; Oklahoma State University System; Oklahoma State University - Stillwater; Oklahoma State University System; Oklahoma State University - Tulsa
摘要：We integrate the seemingly contradictory theoretical predictions of behavioral and economic perspectives about the relationship between pay disparity and firm performance and show that tournament and social comparison theories are more supplementary than contradictory in nature. Our results show that high levels of firm performance will be found around either meaningfully low or meaningfully high levels of pay disparity. Additional findings indicate that this curvilinear relationship is weaken...
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作者：Chown, Jillian D.; Liu, Christopher C.
作者单位：University of Toronto
摘要：We examine the role that geography plays in structuring interactions within an organizational setting designed to promote broad patterns of interaction: the organizational forum. We propose that, within a forum, an individual's location structures his or her access to peer support, but individuals with power (i.e., those who control the flow of organizational resources) can transcend these geographic constraints. We examine these propositions with data collected on strategic actors in the U.S....
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作者：Martin, Geoffrey; Gozubuyuk, Remzi; Becerra, Manuel
作者单位：Ozyegin University; IE University
摘要：We examine how uncertainty influences the performance effects of directorate interlocks. Our study offers a new perspective of directorate interlocks as mechanisms that enable firms to improve performance when confronted with greater uncertainty, suggesting that uncertainty positively moderates the interlock-performance relationship. This contrasts with the view based on resource dependence theory suggesting networks reduce uncertainty and enhance firm performance, implying that uncertainty me...
