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作者：Perryman, Alexa A.; Combs, James G.
作者单位：University of Alabama System; University of Alabama Tuscaloosa; Texas Christian University
摘要：Plural forms exist when managers use two owners to perform one activity. Franchising is a plural form explained by agency theory, however, the theory is unable to explain two franchisor actions: 1) allowing franchisees to own multiple outlets and 2) co-locating company-owned and franchised outlets. We use research that describes a symbiosis between company-owned and franchised outlets to extend agency theory and explain these actions. Our investigation of ownership patterns among 4,339 outlets...
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作者：Benner, Mary J.; Tripsas, Mary
作者单位：University of Minnesota System; University of Minnesota Twin Cities; Harvard University
摘要：New industries sparked by technological change are characterized by high uncertainty. In this paper, we explore how a firm's conceptualization of products in this context, as reflected by product feature choices, is influenced by prior industry affiliation. We study digital cameras introduced from 1991-2006 by firms from three prior industries. We hypothesize and find that: (1) prior industry experience shapes a set of shared beliefs that results in similar and concurrent firm behavior; (2) fi...
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作者：Hodgkinson, Gerard P.; Healey, Mark P.
作者单位：University of Warwick; University of Manchester
摘要：In recent years, there has been a move to identify the behavioral foundations underpinning the evolutionary and economic fitness of the enterprise. Indeed, the dynamic capabilities project now occupies center stage in the field of strategic management. Yet the accounts developed thus far-like much of the field's theory and research more generally-are predicated upon a cold cognition logic that downplays the significance of emotional/affective and nonconscious cognitive processes for strategic ...
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作者：Eisenmann, Thomas; Parker, Geoffrey; Van Alstyne, Marshall
作者单位：Harvard University; Tulane University; Boston University
摘要：Due to network effects and switching costs in platform markets, entrants generally must offer revolutionary functionality to win substantial market share. We explore a second entry path that does not rely upon Schumpeterian innovation: platform envelopment. Through envelopment, a provider in one platform market can enter another platform market, and combine its own functionality with that of the target in a multi-platform bundle that leverages shared user relationships. Envelopers capture mark...
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作者：Semadeni, Matthew; Cannella, Albert A., Jr.
作者单位：Indiana University System; IU Kelley School of Business; Indiana University Bloomington; Tulane University
摘要：Little research has examined the performance implications of the parent-child relationship post spin-off. Although the parent provided oversight of the child prior to the spin-off, effects of post spin-off links to the child remain unclear. Applying transaction cost and agency theories, our study of 142 firms spun-off between 1986 and 1997 examines how oversight and ownership by the parent firm influence stock market performance post spin-off. We find that while child firms benefit from some l...
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作者：Greve, Henrich R.
作者单位：INSEAD Business School
摘要：Firms seek to imitate innovations that yield competitive advantage, but imitation can presage disappointment when the innovation value is below expectations. Empirical research has only rarely examined the diffusion of such disappointing innovations, and it is not known whether negative information from past adopters will halt the diffusion process. Likewise, the effect of heterogeneity in the innovation value on its spread has not been systematically investigated. Here, a unique dataset on a ...
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作者：Srikanth, Kannan; Puranam, Phanish
作者单位：Indian School of Business (ISB); University of Southern Denmark; University of London; London Business School
摘要：We investigate coordination strategies in integrating distributed work. In the context of Business Process Offshoring (BPO), we analyze survey data from 126 offshored processes to understand both the sources of difficulty in integrating distributed work as well as how organizations overcome these difficulties. We find that interdependence between offshored and onshore processes can lower offshored process performance, and investing in coordination mechanisms can ameliorate the performance impa...
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作者：Deutsch, Yuval; Keil, Thomas; Laamanen, Tomi
作者单位：York University - Canada; Aalto University
摘要：This paper contributes to multiple agency theory by examining how the compensation schemes awarded to outside directors and the CEO jointly affect firm-level risk taking. Using data of the S&P 1500 firms from 1997 to 2006, we find support for earlier arguments that providing the CEO, the outside directors, or both with stock options increases risk taking. More importantly, we find that compensating outside directors with stock options has significantly stronger effects than CEO stock options. ...
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作者：Powell, Thomas C.
作者单位：University of Oxford; University of Oxford
摘要：Brain research has contributed to economics, marketing, law, and other fields. Does strategic management need neuroscience? This paper examines the potential contributions of brain research to strategic management research and practice. The paper discusses the aims and methods of neuroscience, its strengths and limitations in social and economic research, and its potential contributions to strategy. The paper identifies specific research questions at the intersection of strategy and neuroscien...
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作者：Shaver, J. Myles
作者单位：University of Minnesota System; University of Minnesota Twin Cities
摘要：Many strategic investments require firms to make upfront outlays to generate profits at a later date. When firms have limited access to external capital, they have to rely on internally generated funds for these investments. In this case, their strategic investments are constrained by cash flow. I predict that by geographically diversifying sales (i.e., exporting), firms can relax this constraint because exporting signals more stable expected cash flows and firm quality, which can increase ext...
