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作者：Herrmann, Pol; Nadkarni, Sucheta
作者单位：Iowa State University; Drexel University
摘要：Using the five factor model (FFM) of personality, we delineate two distinct roles of CEO personality in managing strategic change: initiating strategic change and determining the performance effects of strategic change implementation. Based on data from 120 smalland medium-sized enterprises (SMEs) in Ecuador, we found that some FFM traits of CEOs influenced initiation only (extraversion and openness), others similarly influenced initiation and performance effects of implementation (emotional s...
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作者：Ahearne, Michael; Lam, Son K.; Kraus, Florian
作者单位：University of Houston System; University of Houston; University System of Georgia; University of Georgia; University of Mannheim
摘要：This article reconciles mixed findings about the performance impact of middle managers' strategy involvement. We propose that the relationship between middle managers' adaptive strategy implementationthrough upward and downward influenceand objective business performance can be curvilinear and contingent on formal and informal structures. Applying a multilevel perspective to social networks, we empirically show that reputational social capital enhances the performance impact of middle managers...
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作者：Kim, Changhyun; Bettis, Richard A.
作者单位：University of North Carolina; University of North Carolina Chapel Hill
摘要：Academics, politicians, and journalists are often highly critical of U.S. firms for holding too much cash. Cash holdings are stockpiled free-cash flow and incur substantial opportunity costs from the perspectives of economics. However, behavioral theory highlights the benefits of cash holdings as fungible slack resources facilitating adaptive advantages. We use the countervailing forces embodied in these two theories to hypothesize and test a quadratic functional relationship of returns to cas...
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作者：Lecuona, Jose R.; Reitzig, Markus
作者单位：University of London; London Business School; University of Vienna
摘要：Whether holding resources in excess of what is needed to sustain routine operations (i.e., having slack) increases or decreases firm performance is a question of ongoing interest to management scholars. We contribute to existing theory by arguing that human resource slack generally decreases a firm's performance but that holding excess numbers of employees who possess important tacit knowledge that is specific to firms may benefit the firm. We find that the value of these excess resources incr...
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作者：Plourde, Yves; Parker, Simon C.; Schaan, Jean-Louis
作者单位：Western University (University of Western Ontario)
摘要：We explore the circumstances under which expatriates can help their host-subsidiary capture headquarters' attention. Our central contention is that expatriates will be particularly helpful in situations where a subsidiary or its market is showing signs of growth, allowing headquarters to recognize information signaling opportunities for the firm that could otherwise go unnoticed. We test this contention using a robust instrumental variable approach in a single multinational enterprise. Our res...
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作者：Garcia-Sanchez, Javier; Mesquita, Luiz F.; Vassolo, Roberto S.
作者单位：Austral University; Arizona State University; Arizona State University-Tempe; Austral University
摘要：We examine the evolution of competition and entry-order advantages in markets under macroeconomic distress. Through formal modeling of early-mover advantages along industry life cycles subjected to economic shocks and based on simulation findings, we propose that such shocks exogenously induce temporary industry discontinuities that shift the relative value of distinct asset endowments, thereby switching the bases for competitive advantages vis-a-vis those found in stable contexts. A vital tra...
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作者：Bettis, Richard A.; Gambardella, Alfonso; Helfat, Constance; Mitchell, Will
作者单位：University of North Carolina; University of North Carolina Chapel Hill; Bocconi University; Dartmouth College; University of Toronto; Duke University
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作者：Humphery-Jenner, Mark
作者单位：University of New South Wales Sydney
摘要：The desirability of antitakeover provisions (ATPs) is a contentious issue. ATPs might enable managerial empire building by insulating managers from disciplinary takeovers. However, some companies, such as hard-to-value (HTV) companies, might trade at a discount due to valuation difficulties, thereby exposing HTV companies to opportunistic takeovers and creating agency conflicts of managerial risk aversion. ATPs might ameliorate such managerial risk aversion by inhibiting opportunistic takeover...
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作者：Singla, Chitra; Veliyath, Rajaram; George, Rejie
作者单位：Indian Institute of Management (IIM System); Indian Institute of Management Ahmedabad; University System of Georgia; Kennesaw State University; University System of Georgia; Kennesaw State University; Indian Institute of Management (IIM System); Indian Institute of Management Bangalore
摘要：This article documents that blockholders with both ownership and management control in family firms have different goals compared to blockholders with only ownership (but no management) control. We theorize and find evidence that family controlled and family managed (FCFM) firms negatively moderate the relationships between internationalization and governance mechanisms, while family controlled and nonfamily managed (FCNFM) firms do not. The findings indicate that family owners in FCFM firms h...
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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 elaborates the effects of resource relatedness on value of a multibusiness firm. We emphasize that value results from interplay of benefits of synergy and redeployability. This view, considering how synergy and redeployability interact in determining value, extends prior separate considerations of the two benefits. We also diagnose that the value effect of resource relatedness is contingent on uncertainty and specify this contingent relationship. We use the real option valuation appr...
