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作者：Posen, Hart E.; Lee, Jeho; Yi, Sangyoon
作者单位：University of Wisconsin System; University of Wisconsin Madison; Seoul National University (SNU); University of Southern Denmark
摘要：We examine the power and limitations of imitation. Naive intuition may hold that the efficacy of imitation would be diminished by imperfections in copying high-performing firms. Employing a computational model, we study the dynamics of imitation when firms are subject to bounded rationality that limits their ability to copy the market leader. We find that imperfect imitation can generate unexpectedly good outcomes for follower firmsindeed, better than the outcomes achieved if they were perfect...
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作者：Cennamo, Carmelo; Santalo, Juan
作者单位：Bocconi University; IE University
摘要：Because the literature on platform competition emphasizes the role of network effects, it prescribes rapidly expanding a network of platform users and complementary applications to capture entire markets. We challenge the unconditional logic of a winner-take-all (WTA) approach by empirically analyzing the dominant strategies used to build and position platform systems in the U.S. video game industry. We show that when platform firms pursue two popular WTA strategies concurrently and with equal...
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作者：Kor, Yasemin Y.; Mesko, Andrea
作者单位：University of South Carolina System; University of South Carolina Columbia
摘要：This paper contributes to the understanding of the executive team dynamic managerial capabilities by developing theory about the interplay between the firm's dominant logic and dynamic managerial capabilities (including managerial human capital, social capital, and cognition). We underscore the criticality of the two key CEO-level functions: configuration and orchestration of senior executive team dynamic capabilities. We develop theory on how these functions create and sculpt the management t...
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作者：Xia, Jun; Li, Sali
作者单位：West Virginia University; University of Wisconsin System; University of Wisconsin Milwaukee
摘要：Resource dependence theory has been widely applied to explain interindustry acquisitions, but little is known about how external and internal dependence conditions affect the divestiture of formerly acquired subunits. We argue that subunit divestiture may be a strategic response to mutual dependence and subunit power following acquisition. Our results, based on a sample of divested subunits by U.S. public firms, show that mutual dependence and increased subunit power both reduce the hazard of ...
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作者：Krzeminska, Anna; Hoetker, Glenn; Mellewigt, Thomas
作者单位：Leuphana University Luneburg; Arizona State University; Arizona State University-Tempe; Free University of Berlin
摘要：Firms often procure the same input via multiple means, e.g., making and buying. Recent papers have yielded rich, but inconsistent, theoretical and empirical insights. Resolving these inconsistencies requires reconceptualizing two aspects of plural sourcing: what and how. We reconceptualize plural sourcing as a set of combined governance modesmake-and-buy, make-and-ally, and buy-and-allywhich differ in their capabilities and limitations. We demonstrate our reconceptualization's potential with p...
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作者：Zhu, David H.
作者单位：Arizona State University; Arizona State University-Tempe
摘要：This study investigates how a fundamental group decision-making bias referred to as group polarization can influence boards' acquisition premium decisions. The theory suggests that when prior premium experience would lead directors on average to support a relatively high premium prior to board discussions, they will support a focal premium that is even higher after discussions; but when directors' prior premium experience would lead them on average to support a relatively low premium prior to ...
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作者：Afuah, Allan
作者单位：University of Michigan System; University of Michigan
摘要：Rooted in neoclassical economics, network effects research has revolved around size, arguing that the more users a network has, the more valuable that network will be to each user. I argue that a network's structure (feasibility of transactions, centrality of members, structural holes, network ties, the number of roles each member plays) and its conduct (opportunistic behavior, reputation signaling, perceptions of trust) also have significant impacts on a network's value to users and to networ...
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作者：Miller, Danny; Minichilli, Alessandro; Corbetta, Guido
作者单位：Universite de Montreal; HEC Montreal; University of Alberta; Bocconi University
摘要：There has been much debate concerning the performance of family firms and the drivers of their performance. Some scholars have argued that family management is to blame when family firms go wrong; others claim that family management removes costly agency problems and encourages stewardship. Our thesis is that these disagreements can only be resolved by distinguishing among different types of family firms. We argue that family CEOs will outperform in smaller firms with more concentrated ownersh...
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作者：Denrell, Jerker; Fang, Christina; Zhao, Zhanyun
作者单位：New York University; Rider University; University of Warwick
摘要：To what extent can one infer that superior capabilities are driving sustained superior performance? Modeling performance as some combination of differences in capabilities and processes of cumulative advantage, we argue that a Bayesian framework in which decision makers take into account the differences in cumulative advantage provides for a correct inference. We show, using both simulated and real performance data, that the Bayesian method gives rise to estimates relevant for the inference pr...
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作者：Wu, Brian
作者单位：University of Michigan System; University of Michigan
摘要：This paper examines how demand conditions across alternative markets impact diversification decisions and firm performance by influencing the opportunity costs of deploying non-scale free capabilities. Using data within the cardiovascular medical device industry, this study shows that: (1) firms with a larger stock of pre-entry innovation experience are more likely to diversify; (2) firms in a current market with greater relative demand maturity are more likely to diversify; (3) diversificatio...
