Strategic Management Journal

最新文章

• Do tenure-based voting rights help mitigate the family firm control-growth dilemma? AI翻译
  作者：Imperatore, Claudia; Pope, Peter F.
  作者单位：Bocconi University; University of London; London School Economics & Political Science
  摘要：Research SummaryInvestment growth in family firms is constrained by family preferences to retain corporate control, which limits outside equity issuance and increases the expropriation risk perceived by external minority shareholders. Tenure-based voting rights (TVRs) weaken the link between voting rights and cash flow rights, facilitating new equity capital issuance without loss of control. We find that publicly listed family firms in Italy adopt TVRs to facilitate the continuation of investm...
• How does worker mobility affect business adoption of a new technology? The case of machine learning AI翻译
  作者：Chen, Ruyu; Balasubramanian, Natarajan; Forman, Chris
  作者单位：Stanford University; Syracuse University; Cornell University
  摘要：Research SummaryWe investigate how worker mobility influences the adoption of a new technology using state-level changes to the enforceability of noncompete agreements as an exogenous shock to worker mobility. Using data on over 153,000 establishments from 2010 and 2018, we find that changes that facilitate worker movements are associated with a significant decline in the likelihood of adoption of machine learning. Moreover, we find that the magnitude of decline depends upon the size of the es...
• Decision authority and the returns to algorithms AI翻译
  作者：Kim, Hyunjin; Glaeser, Edward L.; Hillis, Andrew; Kominers, Scott Duke; Luca, Michael
  作者单位：INSEAD Business School; Harvard University; Harvard University; Harvard University
  摘要：Research SummaryWe evaluate a pilot in an Inspections Department to explore the returns to a pair of algorithms that varied in their sophistication. We find that both algorithms provided substantial prediction gains, suggesting that even simple data may be helpful. However, these gains did not result in improved decisions. Inspectors often used their decision authority to override algorithmic recommendations, partly to consider other organizational objectives without improving outcomes. Interv...
• Coaxing corporations: Enriching the conceptualization of governments as strategic actors AI翻译
  作者：Gill, Michael J.; Gill, David J.
  作者单位：University of Oxford; University of Nottingham; University of Oxford
  摘要：Research SummaryLittle is known about how governments secure discrete resources from global corporations over which they have limited direct control. Utilizing declassified archival sources, we examine how the UK government influenced Moody's and Standard & Poor's to provide the highest possible credit ratings in 1978, despite the UK receiving an International Monetary Fund bailout 2 years earlier. We develop a process model to explain how democratic government officials employ distinctive pro...
• Corporate social responsibility at the margins: Firms' responses to marginal inclusion on the Vault Law 100 ranking AI翻译
  作者：Jung, Wooseok; Sharkey, Amanda
  作者单位：Hautes Etudes Commerciales (HEC) Paris; University of Notre Dame
  摘要：Research SummaryGaining categorical status via a ranking places firms in a new comparison group and makes their behaviors more visible, potentially exposing them to greater scrutiny. How do marginally included firms respond? In this article, we propose that firms will take action in the area of CSR in order to secure their standing, deflect potential criticism, and reduce the anxiety that arises, paradoxically, from being included in a ranking. Using a regression discontinuity design involving...
• Public enemies? The differential effects of reputation and celebrity on corporate misconduct scandalization AI翻译
  作者：Han, Jung-Hoon; Pollock, Timothy G.; Paruchuri, Srikanth
  作者单位：Sungkyunkwan University (SKKU); University of Tennessee System; University of Tennessee Knoxville; Texas A&M University System; Texas A&M University College Station; Mays Business School
  摘要：Research SummaryWe explore misconduct scandalization's antecedents by focusing on the rational and emotional bases underlying reputation and celebrity, and considering how they can enhance or reduce the likelihood misconduct is scandalized as a function of the misconduct's objective and perceived severity. Specifically, we argue the quantifiable nature of objective misconduct severity enhances reputation's rational influence, but attenuates celebrity's emotion-based appeal. Conversely, perceiv...
• Strategic decision-making at platform transitions: The case of Nokia (2010-2011) AI翻译
  作者：Vuori, Timo O.; Tushman, Michael L.
  作者单位：Aalto University; Aalto University; Harvard University
  摘要：Research SummaryWe develop new theory on incumbent firms' strategic decision-making and the associated emotional dynamics at platform transitions. Based on in-depth interviews with Nokia's senior leaders about their decision to adopt the Windows platform in 2011, we suggest that highly capable platform companies' entry into the established phone industry invalidated senior leaders' long-held core assumptions about the industry, triggering existential anxiety and stunting self-regulation. Disti...
• A scientific approach to entrepreneurial decision-making: Large-scale replication and extension AI翻译
  作者：Camuffo, Arnaldo; Gambardella, Alfonso; Messinese, Danilo; Novelli, Elena; Paolucci, Emilio; Spina, Chiara
  作者单位：Bocconi University; IE University; City St Georges, University of London; Polytechnic University of Turin; INSEAD Business School; Bocconi University; Bocconi University
  摘要：Research SummaryThis article runs a large-scale replication of Camuffo and colleagues in 2020, involving 759 firms in four randomized control trials. The larger sample generates novel and more precise insights about the teachability and implications of a scientific approach in entrepreneurship. We observe a positive impact on idea termination and results that are consistent with a nonlinear effect on radical pivots, with treated firms running few over no or repeated pivots. We provide a theore...
• When do startups scale? Large-scale evidence from job postings AI翻译
  作者：Lee, Saerom (Ronnie); Kim, J. Daniel
  作者单位：University of Pennsylvania; University of Pennsylvania
  摘要：Research SummaryScaling at the right time is a crucial challenge for startups. Conceptualizing scaling as the entrepreneurial process of acquiring and committing resources to implement the core business idea and expand the customer base, this study examines how scaling early may decrease imitation risk at the expense of increasing commitment risk. As startups typically hire managers and sales personnel when they begin to scale, we propose that this timing can be empirically measured by when st...
• Lovely and likely: Using historical methods to improve inference to the best explanation in strategy AI翻译
  作者：Pillai, Sandeep Devanatha; Goldfarb, Brent; Kirsch, David
  作者单位：Bocconi University; University System of Maryland; University of Maryland College Park; Bocconi University
  摘要：Research SummaryMany strategy studies implicitly rely upon inference to the best explanation (IBE) or modern abduction. We leverage recent work in the philosophy of science to consider how we arrive at best explanations, explanations that are lovely, in the sense that they are useful, general, and provide meaning, and likely, in the sense that they are close to the truth. Interpretation of observational results requires an understanding of context that statistical analysis alone cannot provide...