Strategic Management Journal

最新文章

• Confounding changes in averages with marginal effects: How anchoring can destroy economic value in strategic investment assessments AI翻译
  作者：Shapira, Zur; Shaver, J. Myles
  作者单位：New York University; University of Minnesota System; University of Minnesota Twin Cities
  摘要：Profit maximization requires that decision makers assess marginal profits. We demonstrate that decision makers often confound marginal profits with changes in average profits (e.g., changes in return-on-investment). This results in systematic deviations from profit maximization where decision makers forgo profit-enhancing investments that reduce average profits or engage in loss-enhancing investments that decrease average losses. In other words, average profit becomes an anchor by which new in...
• TRANSACTIONAL HAZARDS, INSTITUTIONAL CHANGE, AND CAPABILITIES: INTEGRATING THE THEORIES OF THE FIRM AI翻译
  作者：Brahm, Francisco; Tarzijan, Jorge
  作者单位：Pontificia Universidad Catolica de Chile
  摘要：Using a detailed dataset from the Chilean construction industry, we explore how the predictions of the transaction cost and capabilities theories interact to explain building contractors' decisions to make or buy' the specialty trade activities needed to complete a construction project. We show that the contractor's productive capabilities strongly mediate the relationship between transaction hazards that originate from either temporal specificity or an exogenous change in the subcontracting l...
• Good learners: How top management teams affect the success and frequency of acquisitions AI翻译
  作者：Nadolska, Anna; Barkema, Harry G.
  作者单位：Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; University of London; London School Economics & Political Science
  摘要：We develop new theory and hypotheses on how a firm's top management team learns from acquisition experience, why, in consequence, the composition of the team is crucial, and how this affects acquisition frequency and success. We focus on the diversity of the top team and argue that heterogeneous teams, as compared to homogenous ones, acquire less but benefit more from their acquisition experience and are more successful with their acquisitions because they avoid mis-transferring their experien...
• FIRM-SPECIFIC HUMAN CAPITAL, ORGANIZATIONAL INCENTIVES, AND AGENCY COSTS: EVIDENCE FROM RETAIL BANKING AI翻译
  作者：Frank, Douglas H.; Obloj, Tomasz
  作者单位：Allegheny College; INSEAD Business School; Hautes Etudes Commerciales (HEC) Paris
  摘要：This paper explores conflicting implications of firm-specific human capital (FSHC) for firm performance. Existing theory predicts a productivity effect that can be enhanced with strong incentives. We propose an offsetting agency effect: FSHC may facilitate more-sophisticated 'gaming' of incentives, to the detriment of firm performance. Using a unique dataset from a multiunit retail bank, we document both effects and estimate their net impact. Managers with superior FSHC are more productive in ...
• AMBIDEXTERITY UNDER SCRUTINY: EXPLORATION AND EXPLOITATION VIA INTERNAL ORGANIZATION, ALLIANCES, AND ACQUISITIONS AI翻译
  作者：Stettner, Uriel; Lavie, Dovev
  作者单位：Tel Aviv University; Technion Israel Institute of Technology
  摘要：Prior research on ambidexterity has limited its concern to balancing exploration and exploitation via particular modes of operation. Acknowledging the interplay of tendencies to explore versus exploit via the internal organization, alliance, and acquisition modes, we claim that balancing these tendencies within each mode undermines firm performance because of conflicting routines, negative transfer, and limited specialization. Nevertheless, by exploring in one mode and exploiting in another, i...
• WHAT WE WILL DO VERSUS WHAT WE CAN DO: THE RELATIVE EFFECTS OF UNIT-LEVEL NPD MOTIVATION AND CAPABILITY AI翻译
  作者：Zhao, Zheng Jane; Chadwick, Clint
  作者单位：University of Kansas
  摘要：Although a firm's innovation performance has been commonly attributed to its innovative capability, in a study of 102 Chinese automobile assemblers, we find that employees' collective motivation for new product development (NPD) is more important than NPD capability in determining firms' innovation performance. This finding suggests that researchers need to simultaneously consider both unit-level capability and unit-level motivation in studying the mechanisms that drive innovation. Furthermore...
• QUANTITATIVE EMPIRICAL ANALYSIS IN STRATEGIC MANAGEMENT AI翻译
  作者：Bettis, Richard; Gambardella, Alfonso; Helfat, Constance; Mitchell, Will
  作者单位：University of North Carolina; University of North Carolina Chapel Hill; Bocconi University; Bocconi University; Dartmouth College; Duke University; University of Toronto
• A COMPARISON OF ALTERNATIVE MEASURES OF ORGANIZATIONAL ASPIRATIONS AI翻译
  作者：Bromiley, Philip; Harris, Jared D.
  作者单位：University of California System; University of California Irvine; University of Virginia
• ASYMMETRIC RIVALRY WITHIN AND BETWEEN STRATEGIC GROUPS AI翻译
  作者：Mas-Ruiz, Francisco J.; Ruiz-Moreno, Felipe; De Guevara Martinez, Antonio Ladron
  作者单位：Universitat d'Alacant; Pompeu Fabra University
• RESOURCE COMPLEMENTARITY AND VALUE CAPTURE IN FIRM ACQUISITIONS: THE ROLE OF INTELLECTUAL PROPERTY RIGHTS AI翻译
  作者：Grimpe, Christoph; Hussinger, Katrin
  作者单位：Copenhagen Business School; Lund University; University of Luxembourg; Leibniz Association; Zentrum fur Europaische Wirtschaftsforschung (ZEW); KU Leuven
  摘要：Extant literature holds that firm acquisitions create value through innovation if the knowledge bases of the acquirer and the target complement each other. Little is known about the value that patents associated with a target's knowledge convey to the acquirer, i.e., their value in securing market exclusion and freedom to operate in R&D. We argue that such property rights hold preemptive power allowing firms to capture the value from combining complementary technologies and to realize gains fr...