-
作者:Fauchart, Emmanuelle; Cowan, Robin
作者单位:Universites de Strasbourg Etablissements Associes; Universite de Strasbourg
摘要:This paper builds on a growing literature that takes into account the fact that firms in an industry may be interdependent with regard to their corporate reputations, thus sharing a reputation commons. We argue that the theory of public goods can help us to understand the interdependencies that link corporate reputations and to frame the contexts and requirements for collective action that they induce. In particular, we suggest that more and more frequently these interdependencies make industr...
-
作者:Schilke, Oliver
作者单位:University of California System; University of California Los Angeles
摘要:This article suggests that dynamic capabilities can give the firm competitive advantage, but this effect is contingent on the level of dynamism of the firm's external environment. A nonlinear, inverse U-shaped moderation is proposed, implying that the relationship between dynamic capabilities and competitive advantage is strongest under intermediate levels of dynamism but comparatively weaker when dynamism is low or high. This proposition is tested using data on alliance management capability ...
-
作者:Jain, Amit; Thietart, Raymond-Alain
作者单位:National University of Singapore; National University of Singapore; ESSEC Business School
摘要:In this paper, we argue that capabilities serve as shift parameters that result in a change in the critical value of asset specificity at which firms switch from in-sourcing to outsourcing. Capabilities have two effects: they result in a change in firm production costs and in firm governance costs relative to the market. As a result, the frontier at which market governance gives way to firm governance shifts. Three factors that produce such shifts are the value, rarity, and inimitability of ca...
-
作者:Rubera, Gaia; Tellis, Gerard J.
作者单位:Bocconi University; University of Southern California
摘要:This research compares the performance of spinoffs and buyouts divested to commercialize innovations. The authors study 145 spinoffs and 121 buyouts that occurred in the United States between 1996 and 2005. Analysis provides three critical findings. First, spinoffs have higher profits in the two years after divestiture; afterwards, buyouts have higher profits. Second, strategic emphasis (investment in R&D versus marketing) is the mechanism that explains the diverging profitability of spinoffs ...
-
作者:Bingham, Christopher B.; Eisenhardt, Kathleen M.
作者单位:University of North Carolina; University of North Carolina Chapel Hill; Stanford University
摘要:We recently introduced a research program on how firms can effectively capture fleeting opportunities using heuristics. Heuristics, we advocate, are the essence of strategy, especially in unpredictable markets where opportunities are often numerous, fast moving, and uncertain. Our emphasis on heuristics invites comparison with prominent research programs in cognitive psychology. We address this opportunity by comparing our simple rules heuristics approach with heuristics-and-biases and fast-an...
-
作者:Knudsen, Thorbjorn; Levinthal, Daniel A.; Winter, Sidney G.
作者单位:University of Southern Denmark; University of Pennsylvania
摘要:While much is understood about the general pattern of industry dynamics, a critical element underlying these dynamics, the rate of the expansion of individual firms, has been largely overlooked. We argue that the rate at which firms can reliably increase their scale of operations is a critical factor in understanding the structure of industries. Further, success at scaling-up the firm's operations provides a dynamic-isolating mechanism that insulates established firms from new competition. We ...
-
作者:Krause, Ryan; Semadeni, Matthew
作者单位:Texas Christian University; Indiana University System; IU Kelley School of Business; Indiana University Bloomington
摘要:In recent years, many firms have chosen to separate their CEO and board chair positions. Prior research has demonstrated that there are three forms that a CEO-board chair separation can take: apprentice, departure, and demotion. In this paper, we examine the antecedents of these three types. Our results show that the three types of separation each have different profiles in terms of the prior performance of the firm, the independence of the board, and the career horizon of the incumbent CEO. T...
-
作者:Hiatt, Shon R.; Sine, Wesley D.
作者单位:Harvard University; Cornell University
摘要:Many entrepreneurs in developing economies face unstable environments due to violence and civil unrest. Yet, we know very little about how environments characterized by high levels of political and civil violence affect new venture processes and survival. Moreover, it is unclear whether standard theories about organizational strategy, such as planning, hold true in such environments. We explore these issues using a sample of 730 new ventures in Colombia from 1997 to 2001. We find that politica...
-
作者:Larraneta, Barbara; Zahra, Shaker A.; Galan Gonzalez, Jose Luis
作者单位:Universidad Pablo de Olavide; University of Minnesota System; University of Minnesota Twin Cities; University of Sevilla
摘要:New ventures (companies eight years or younger) face an important choice in attempting to achieve growth: Should they follow strategic simplicity by relying on a few similar competitive actions, or emphasize strategic variety by implementing multiple different competitive actions? Data from 140 new ventures in Spain suggest that new ventures benefit from pursuing strategic variety, especially when their industries are highly dynamic. Further, although new ventures in general gain from strategi...
-
作者:Patel, Pankaj C.; Chrisman, James J.
作者单位:Ball State University; Mississippi State University; University of Alberta
摘要:The behavioral agency model suggests family firms invest less in R&D than nonfamily firms to protect their socioemotional wealth. Studies support this contention but do not explain how family firms make R&D investments. We hypothesize that when performance exceeds aspirations, family firms manage socioemotional and economic objectives by making exploitative R&D investments that lead to more reliable and less risky sales levels. However, performance below aspirations leads to exploratory R&D in...