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作者：Wagner, Stefan; Hoisl, Karin; Thoma, Grid
作者单位：European School of Management & Technology; University of Munich; University of Camerino
摘要：The literature on organizational learning asserts that external learning is often limited geographically and technologically. We scrutinize to what extent organizations acquire external knowledge by accessing external knowledge repositories. We argue that professional service firms (PSFs) grant access to nonlocalized knowledge repositories and thereby not only facilitate external learning but also help to overcome localization. Focusing on patent law firms, we test our predictions using a uniq...
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作者：Koh, Ping-Sheng; Qian, Cuili; Wang, Heli
作者单位：Hong Kong University of Science & Technology; City University of Hong Kong; Singapore Management University
摘要：This paper advances the risk management perspective that superior social performance enhances firm value by serving as an ex ante valuable insurance mechanism. We posit that good social performance is more valuable as an insurance mechanism for firms with higher litigation risks. Moreover, value generation of corporate social performance (CSP) depends on whether a firm has gained pragmatic legitimacy (i.e., a firm's financial health) and moral legitimacy (i.e., whether or not a firm operates i...
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作者：Semadeni, Matthew; Withers, Michael C.; Certo, S. Trevis
作者单位：Indiana University System; IU Kelley School of Business; Indiana University Bloomington; Texas A&M University System; Texas A&M University College Station; Mays Business School; Arizona State University; Arizona State University-Tempe
摘要：In this paper we use simulations to examine how endogeneity biases the results reported by ordinary least squares (OLS) regression. In addition, we examine how instrumental variable techniques help to alleviate such bias. Our results demonstrate severe bias even at low levels of endogeneity. Our results also illustrate how instrumental variables produce unbiased coefficient estimates, but instrumental variables are associated with extremely low levels of statistical power. Finally, our simulat...
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作者：Wang, Liang; Madhok, Anoop; Li, Stan Xiao
作者单位：University of San Francisco; York University - Canada; Vrije Universiteit Amsterdam
摘要：Research on agglomeration finds that either a higher survival rate of incumbent firms or a higher founding rate of new entrants, or both, can sustain an industry cluster. The conditioning effects of time on the two distinct mechanisms of survival and founding are, however, rarely examined. We argue that the forces driving geographic concentration vary across the industry life cycle. Data from Ontario's winery industry from 1865 to 1974 demonstrates a dynamic model of geographic concentration: ...
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作者：Mudambi, Ram; Swift, Tim
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; Saint Joseph's University
摘要：A common perspective is that consistent R&D investment facilitates innovation, while volatile spending implies myopic decision making. However, the benefits to exploiting extant competencies eventually erode, so firms must disrupt their R&D function and explore for new competitive advantage. We suggest that high-performing firms recognize when extant competencies decline and increase exploratory R&D to develop new competencies at the appropriate time. We find that changes in R&D expenditure aw...
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作者：Walter, Sascha G.; Heinrichs, Simon; Walter, Achim
作者单位：Lancaster University; University of Kiel
摘要：Prior research has focused on the performance implications of positive or neutral parent-child relationships, but neglected negative, conflict-laden relationships. This study explores from an embeddedness perspective whether parent hostility (degree to which an incumbent firm disapproves of the spawning of a spin-out from within its ranks) affects spin-out performance and how spin-outs can effectively react to it. Analyses of 144 technology spin-outs support our arguments that spin-outs suffer...
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作者：Vuori, Natalia; Vuori, Timo
作者单位：Aalto University
摘要：Bingham and Eisenhardt (2011) highlight the positive role of heuristics in the strategy context. They discuss four mechanisms through which heuristics have positive effects for strategy. The first mechanismusing a heuristic cue as a proxy for complex, correlated informationbuilds directly on Gigerenzer's research on positive heuristics. The second (capturing a window of opportunity) and third (providing some direction while allowing freedom to improvise) mechanisms, combine Gigerenzer's ideas ...
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作者：Shen, Rui; Tang, Yi; Chen, Guoli
作者单位：Nanyang Technological University; Hong Kong Polytechnic University; INSEAD Business School
摘要：This study explores the implications of interfirm status differentials for firm behaviors in corporate takeover transactions. We argue that the more the status differential between two firms is aligned with expectations of their roles embedded in the specific economic activity, the easier it is for them to agree on the appropriate means to reach consensus on the transaction. Using the empirical context of the U.S. corporate takeover market, we found that the greater the status differential bet...
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作者：Laamanen, Tomi; Brauer, Matthias; Junna, Olli
作者单位：University of St Gallen; University of Luxembourg
摘要：We provide a comparative analysis of acquirer returns in acquisitions of public firms, private firms, and divested assets. On the basis of a sample of 5,079 acquisitions by U.S. software industry companies during 1988-2008, we find that acquisitions of divested assets outperform acquisitions of privately held firms, which in turn outperform acquisitions of publicly held firms. While the higher returns for acquisitions of divested assets relative to stand-alone acquisition targets can be explai...
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作者：O'Brien, Jonathan P.; David, Parthiban
作者单位：Rensselaer Polytechnic Institute; American University
摘要：We propose that the behavioral theory of the firm perspective on R&D search requires modification when applied to communitarian cultures such as Japan because reciprocity and embeddedness can influence the search decision. When performance exceeds aspirations, communitarian-oriented firms are more inclined to use their privileged position to help their less fortunate stakeholders by engaging in additional R&D search that should yield greater payoffs for these stakeholders in the future. Our re...
