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作者：Chatain, Olivier
作者单位：University of Pennsylvania
摘要：The value-based approach to strategy argues that a firm's ability to capture value depends on the extent of its added value. In this paper, I empirically test the link between added value and value capture using a longitudinal dataset of United Kingdom law firm performance, capabilities, and client relationships. In this setting, competitors relevant for defining a firm's added value are those that share a client with the firm. Further, within a client relationship, value creation, and hence a...
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作者：Kumar, M. V. Shyam
作者单位：Rensselaer Polytechnic Institute
摘要：Are joint ventures (JVs) characterized mainly by cooperative behavior or noncooperative behavior? In this research, we address this question by examining the interrelationship between the values created for two partners when they announce a JV. We argue that, on average, if cooperative behavior and common benefits are more influential than noncooperative behavior and private benefits, there will be a positive association between the values created for the two partners. Conversely, if private b...
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作者：Levinthal, Daniel A.
作者单位：University of Pennsylvania
摘要：The strategy field has generally been viewed as somewhat fragmented with the primary 'fault line' stemming from the divide between economic and behavioral approaches. It is argued here that this is a false divide as any but the most trivial problems require a behavioral act of representation prior to invoking a deductive, 'rational' approach. In this sense, all approaches are behavioral. Once we recognize rationality as a process, then the pragmatic question becomes which among the imperfect m...
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作者：Ragozzino, Roberto; Reuer, Jeffrey J.
作者单位：University of Texas System; University of Texas Dallas; Purdue University System; Purdue University
摘要：This paper examines acquisitions of firms after they have undergone initial public offerings (IPOs). Combining insights from information economics with recent research on geographic distance in various market settings, the analysis investigates whether the presence or absence of different signals on IPO firms has an impact on the geographic proximity of acquirers. The central proposition we develop and test is that specific characteristics of IPOs-venture capitalist backing, investment bank re...
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作者：Miller, Kent D.; Tsang, Eric W. K.
作者单位：Michigan State University; Michigan State University's Broad College of Business; University of Texas System; University of Texas Dallas
摘要：This study identifies the practical and philosophical difficulties associated with testing strategic management and organization theories. Working from a critical realist perspective, we affirm the importance of falsification and verification efforts for progress in theory development. We advocate a four-step approach for advancing theory testing that prioritizes identifying and testing for the presence and effects of hypothesized causal mechanisms, rather than solely focusing on correlational...
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作者：Bromiley, Philip
作者单位：University of California System; University of California Irvine
摘要：This paper demonstrates that prospect theory's (PT) predictions differ dramatically from what strategy scholars have inferred. PT's value function predicts negative risk-return associations for high performers and positive for low performers, directly contrary to the strategy literature. In addition, PT's isolation assumption means most firm choices should appear as mixed gambles. Prior PT-based theorizing in strategy implicitly assumed that the firm faced unmixed gambles. Finally, it demonstr...
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作者：Siegel, Donald S.; Simons, Kenneth L.
作者单位：State University of New York (SUNY) System; University at Albany, SUNY; Rensselaer Polytechnic Institute
摘要：Empirical studies of mergers and acquisitions typically focus on firm-level financial performance. In contrast, we use human capital theory to model these events as transactions that simultaneously have cross-level, real effects on workers, plants, and firms. Our empirical analysis is based on longitudinal, linked employer-employee data for virtually all Swedish manufacturing firms and employees. We find that mergers and acquisitions enhance plant productivity, although they also result in the...
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作者：Lee, Chi-Hyon; Venkatraman, N.; Tanriverdi, Hueseyin; Iyer, Bala
作者单位：George Mason University; Boston University; University of Texas System; University of Texas Austin; Babson College
摘要：This study examines the hypercompetition phenomenon within the prepackaged software industry. It theoretically develops and empirically validates the idea that dynamically changing complementarity relationships among software product markets increase industry hypercompetition. The study also explains how dynamic capabilities for the management of complementary product markets can enable an independent software vendor (ISV) to create and renew temporary advantages. Specifically, an ISV can main...
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作者：Pacheco-de-Almeida, Goncalo
作者单位：New York University
摘要：This article examines how leader firms should respond to the erosion of competitive advantages caused by rapid imitation and innovation in hypercompetitive environments. On the one hand, shorter-lived advantages induce leaders to develop new advantages faster. On the other hand, hypercompetition also erodes the expected returns from new advantages-reducing leaders' incentives to accelerate investments. Since investing faster also raises costs, this article shows that leaders often prefer to re...
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作者：Chan, Christine M.; Makino, Shige; Isobe, Takehiko
作者单位：University of Hong Kong; Chinese University of Hong Kong; Keio University
摘要：This study examines the extent to which subnational regions can explain foreign affiliate performance in two host country settings, the United States and China, the world's two largest economies at polar ends of the economic spectrum (i.e., an advanced versus an emerging economy). Our results suggest that the subnational region is significant in explaining foreign affiliate performance, thus confirming its importance as an additional unit of analysis for firm performance. This study also shows...
