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作者：Wales, William J.; Parida, Vinit; Patel, Pankaj C.
作者单位：James Madison University; Lulea University of Technology; Ball State University
摘要：Absorptive capacity (ACAP) refers to a firm's ability to acquire, assimilate, transform, and exploit new knowledge. Research has yet to acknowledge the possibility of limits to the financial returns of this important strategic construct. This study suggests an inverted-U shaped relationship between ACAP and financial performance. Based on data from 285 technology-based small and medium enterprises, we observe gains within three prospective, secondary measures of growth to diminish beyond lower...
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作者：Kang, Jingoo
作者单位：Korea University
摘要：Does diversification affect firm response to stakeholder demands and social issues? Despite extensive interest in corporate diversification in the strategy literature, the relationship between diversification and corporate social performance (CSP) remains largely unexplored. In this study, I propose that the level of diversification will be positively related to the CSP of firms. However, when diversified firms have a strong focus on short-term profit, it may discourage firm response to stakeh...
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作者：Doshi, Anil R.; Dowell, Glen W. S.; Toffel, Michael W.
作者单位：Harvard University; Cornell University
摘要：Mandatory information disclosure regulations seek to create institutional pressure to spur performance improvement. By examining how organizational characteristics moderate establishments' responses to a prominent environmental information disclosure program, we provide among the first empirical evidence characterizing heterogeneous responses by those mandated to disclose information. We find particularly rapid improvement among establishments located close to their headquarters and among esta...
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作者：Toh, Puay Khoon; Polidoro, Francisco
作者单位：University of Minnesota System; University of Minnesota Twin Cities; University of Texas System; University of Texas Austin
摘要：Existing literature shows that collaborative invention within the firm enhances innovativeness by facilitating knowledge recombination. Despite such benefit, firms vary in their use of collaborative invention when drawing on their individual inventors' knowledge. In addressing this puzzle, we argue that competition from rival products building on similar knowledge compels firms to favor search depth over exploratory search and respond expeditiously, thus reducing a firm's inclination toward co...
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作者：Mindruta, Denisa
作者单位：Hautes Etudes Commerciales (HEC) Paris
摘要：University-based technological opportunities are often exploited through joint corporate and academic entrepreneurship activities such as universityindustry research collaborations. This paper explores the partner attributes that drive the matching of academic scientists and firms involved in these relationships. The paper models the formation of firmfaculty partnership as an endogenous selection process driven by synergy between partners' knowledge-creation capabilities. The main findings ind...
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作者：Castaner, Xavier; Kavadis, Nikolaos
作者单位：University of Lausanne; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam
摘要：Building on and extending prior research, we propose a comprehensive framework which posits that free cash flow moderates the impact of corporate governance on financial diversification. We argue that because it increases CEO perceived risk, alignment devices increase rather than decrease financial diversification. In a sample of 59 publicly traded French corporations during 2000-2006, we show that financial diversification negatively impacts shareholder return and firm value. We obtain suppor...
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作者：Desender, Kurt A.; Aguilera, Ruth V.; Crespi, Rafel; Garcia-cestona, Miguel
作者单位：Universidad Carlos III de Madrid; University of Illinois System; University of Illinois Urbana-Champaign; Universitat Ramon Llull; Escuela Superior de Administracion y Direccion de Empresas (ESADE); Universitat de les Illes Balears; Autonomous University of Barcelona
摘要：We develop a contingency approach to explain how firm ownership influences the monitoring function of the boardmeasured as the magnitude of external audit fees contracted by the boardby extending agency theory to incorporate the resource dependence notion that boards have distinct incentives and abilities to monitor management. Analyses of data on Continental European companies reveal that while board independence and audit services are complementary when ownership is dispersed, this is not th...
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作者：Larsen, Marcus M.; Manning, Stephan; Pedersen, Torben
作者单位：Copenhagen Business School; University of Massachusetts System; University of Massachusetts Boston; City St Georges, University of London
摘要：This study investigates estimation errors due to hidden coststhe costs of implementation that are neglected in strategic decision-making processesin the context of services offshoring. Based on data from the Offshoring Research Network, we find that decision makers are more likely to make cost-estimation errors given increasing configuration and task complexity in captive offshoring and offshore outsourcing, respectively. Moreover, we show that experience and a strong orientation toward organi...
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作者：Lim, Elizabeth N. K.; Mccann, Brian T.
作者单位：University System of Georgia; Georgia State University; Vanderbilt University
摘要：Prior work has examined the effects of absolute levels of outside director stock option grants on risk behavior without recognizing that relative stock option values could differentially affect risk taking. Drawing from the house money effect perspective, we extend this literature by examining how positive deviation from prior outside director option grants values influences firm strategic risk. Additionally we draw from the behavioral agency model and the power literature to develop a multiag...
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作者：Carson, Stephen J.; John, George
作者单位：Utah System of Higher Education; University of Utah; University of Minnesota System; University of Minnesota Twin Cities; King Abdulaziz University
摘要：This article considers the use of property rights to structure ex post bargaining positions in client-sponsored RD&E. By focusing on the positive externality created by uses of the technology not targeted by the client, the theory produces a novel set of predictions that diverge from standard transaction cost and property rights reasoning; that is, greater contractor property rights are associated with more transaction-specific investments by the client. Contractor property rights are also pre...
