Strategic Management Journal

最新文章

• Group influence activities and the performance of strategic initiatives AI翻译
  作者：Lechner, Christoph; Floyd, Steven W.
  作者单位：University of Massachusetts System; University of Massachusetts Amherst; University of St Gallen
  摘要：This study examines relationships between group influence activities and the performance of strategic initiatives. Theory suggests that the strength of these relationships is contingent upon the degree of exploration inherent in an initiative's goals. An analysis of 96 initiatives in three large firms supports the moderating role of exploration for the use of formal authority and coalition building, demonstrating that these group influence activities are more important to performance in more e...
• Explaining temporal orientation: Evidence from the durability of firms' capital investments AI翻译
  作者：Souder, David; Bromiley, Philip
  作者单位：University of Connecticut; University of California System; University of California Irvine
  摘要：In contrast to broad generalizations about the short-termism of managers, this paper explains changes in the temporal orientation of specific firms over time based on performance relative to aspirations and top management team incentives. We gain empirical traction on temporal orientation by measuring the durability of acquired property, plant, and equipment (asset durability) from reported data on depreciation expense. Consistent with predictions, we find that performance relative to aspirati...
• How long must a firm be great to rule out chance? Benchmarking sustained superior performance without being fooled by randomness AI翻译
  作者：Henderson, Andrew D.; Raynor, Michael E.; Ahmed, Mumtaz
  作者单位：University of Texas System; University of Texas Austin; Deloitte Touche Tohmatsu Limited; Deloitte Touche Tohmatsu Limited
  摘要：Although sustained superior firm performance may arise from skillful management or other valuable, rare, and inimitable resources, it can also result from randomness. Studying U.S. companies from 1965-2008, we benchmark how long a firm must perform at a high level to be confident that it is something other than the outcome of a time-homogeneous stationary Markov chain defined on the state space of percentiles. We find (a) the number of sustained superior performers in Compustat, measured by RO...
• The informational relevance of corporate social responsibility: evidence from DS400 index reconstitutions AI翻译
  作者：Ramchander, Sanjay; Schwebach, Robert G.; Staking, Kim
  作者单位：Colorado State University System; Colorado State University Fort Collins
  摘要：This study examines the relationship between corporate social responsibility and financial performance by analyzing the intra-industry wealth impact of additions and deletions to the Domini Social 400 index. Results from the event study analysis indicate that additions to the index generate a positive share price response for the announcement firm and a negative response by rival firms. The opposite reaction is observed for index deletions. Additionally, the share price response is more pronou...
• The role of operational flexibility in the expansion of international production networks AI翻译
  作者：Fisch, Jan Hendrik; Zschoche, Miriam
  作者单位：University of Augsburg; WHU - Otto Beisheim School of Management
  摘要：Volatile factor cost developments urge manufacturing firms to increase production efficiency by building up facilities in multiple countries. Differing from previous work that examines the quality of individual locations for investment, the study evaluates the net present value, the growth option value, and the operational flexibility value of the existing production network to predict the establishment of a new site. The results on a sample of 352 German manufacturing firms suggest that the d...
• Growing pains: Pre-entry experience and the challenge of transition to incumbency AI翻译
  作者：Chen, Pao-Lien; Williams, Charles; Agarwal, Rajshree
  作者单位：University System of Maryland; University of Maryland College Park; National Tsing Hua University; Bocconi University
  摘要：We examine how entrepreneurial entry by diversifying and de novo firms in new industries leads to different levels of performance. We propose that these types of firms differ in dynamic capabilities, which help them overcome growth impediments and transition to incumbency in the industry. Growth impediments arise at larger size, older tenure levels in industry, and after technological discontinuities. Because of their prior experience, diversifying firms are better equipped to handle the chall...
• The temporal effects of relative and firm-level absorptive capacity on interorganizational learning AI翻译
  作者：Schildt, Henri; Keil, Thomas; Maula, Markku
  作者单位：Aalto University; Hanken School of Economics
  摘要：We examine how determinants of absorptive capacity influence learning in alliances over time. Using longitudinal patent cross-citation data, we find an inverted U-shaped pattern over time that is influenced by firm-level and relational factors. Technological similarity only modestly increases learning in the initial stages of a relationship, but moderate levels substantially increase knowledge flows later in the alliance. High technological diversity is related to higher initial learning rates...
• A contextual theory of organizational learning from failures and successes: A study of acquisition completion in the global newspaper industry, 1981-2008 AI翻译
  作者：Muehlfeld, Katrin; Sahib, Padma Rao; Van Witteloostuijn, Arjen
  作者单位：Utrecht University; University of Antwerp; University of Groningen; Tilburg University
  摘要：This study develops and tests theory about the context-specificity and outcome-dependence of experiential learning in acquisition processes. First, we investigate whether learning from experience gained in different acquisition contexts is limited to influencing subsequent outcomes of same-context transactions. Second, we analyze whether learning patterns in response to prior successes and failures differ across acquisition contexts, depending on two properties of these contextsthe degree of s...
• Does it pay to be really good? addressing the shape of the relationship between social and financial performance AI翻译
  作者：Barnett, Michael L.; Salomon, Robert M.
  作者单位：New York University; University of Oxford
  摘要：Building on the theoretical argument that a firm's ability to profit from social responsibility depends upon its stakeholder influence capacity (SIC), we bring together contrasting literatures on the relationship between corporate social performance (CSP) and corporate financial performance (CFP) to hypothesize that the CSP-CFP relationship is U-shaped. Our results support this hypothesis. We find that firms with low CSP have higher CFP than firms with moderate CSP, but firms with high CSP hav...
• Enterprise logic: explaining corporate attention to stakeholders from the inside-out' AI翻译
  作者：Crilly, Donal; Sloan, Pamela
  作者单位：University of London; London Business School; Universite de Montreal; HEC Montreal
  摘要：Why are some firms more effective than others at addressing stakeholder concerns? Conventional stakeholder theories focus on variables in the external environment and cannot adequately explain variance across firms operating in the same context. Our matched-pair study of eight global corporations goes inside the firm and investigates the role of managerial cognition on corporate attention to stakeholders. We find that top management's conceptualization of the firm's relationship with societywh...