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作者：Tuggle, Christopher S.; Sirmon, David G.; Reutzel, Christopher R.; Bierman, Leonard
作者单位：University of Missouri System; University of Missouri Columbia; Texas A&M University System; Texas A&M University College Station; Mays Business School; Utah System of Higher Education; Utah State University
摘要：Boards of directors' attention to monitoring represents an understudied topic in corporate governance. By analyzing hundreds of board meeting transcripts, we find that board members do not maintain constant levels of attention toward monitoring, but instead selectively allocate attention to their monitoring function. Drawing from the attention-based view, prospect theory, and the literature on power, we find that deviation from prior performance and CEO duality affect this allocation. Specific...
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作者：Gruber, Marc; Heinemann, Florian; Brettel, Malte; Hungeling, Stephan
作者单位：Swiss Federal Institutes of Technology Domain; Ecole Polytechnique Federale de Lausanne; RWTH Aachen University
摘要：As one of the most widely accepted theoretical perspectives in strategy, the resource-based view (RBV) suggests that a firm's resources underlie its ability to achieve competitive advantage. However, much of the extant work in this stream has examined the characteristics that resources must have in order to yield rents, while efforts to specify the crucial link between resources and value creation have been sparse. As a consequence, current theory is not sufficiently clear on how different kin...
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作者：Souitaris, Vangelis; Maestro, B. M. Marcello
作者单位：City St Georges, University of London; Imperial College London
摘要：This study focuses on polychronicity as a cultural dimension of top management teams (TMTs). TMT polychronicity is the extent to which team members mutually prefer and tend to engage in multiple tasks simultaneously or intermittently instead of one at a time and believe that this is the best way of doing things. We explore the impact of TMT polychronicity on strategic decision speed and comprehensiveness and, subsequently, its effect on new venture financial performance. Contrary to popular ti...
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作者：Miller, Danny; Le Breton-Miller, Isabelle; Lester, Richard H.
作者单位：Universite de Montreal; HEC Montreal; University of Alberta; Texas A&M University System; Texas A&M University College Station; Mays Business School
摘要：Much of the literature on corporate acquisitions has focused on managerial incentives for making acquisitions but has underemphasized the role played by the social context Of major shareholders. This study of Fortune 1000 firms argues that the priorities and risk preferences of family owners can have important implications not only for the volume but also,for the diversifying nature of their acquisitions. Agency and family business perspectives are used to derive expectations concerning the ac...
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作者：Arikan, Asli M.; Capron, Laurence
作者单位：University System of Georgia; Georgia State University; INSEAD Business School
摘要：We examine whether pre-IPO affiliations affect post-IPO corporate events, namely acquisitions. On the one hand, newly public acquirers may benefit from their pre-IPO affiliations through residual signaling value or/and resource-related benefits. On the other hand, newly public acquirers may suffer from those affiliations when conflicts of interests arise during the post-IPO period. Equity underwriters may have incentive to promote non-value-creating acquisitions (Type II error), and venture ca...
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作者：Agarwal, Rajshree; Croson, Rachel; Mahoney, Joseph T.
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University of Texas System; University of Texas Dallas; University of Texas System; University of Texas Dallas
摘要：This paper evperimentally examines the determinants of the deviation between potential and realized value creation in strategic alliances. To better understand how, decision making in alliances may influence success, we use an experimental design that juxtaposes two important factors that affect alliance members' decisions: economic incentives and communication. The evidence from our experiment sheds light on the relative impact of each, and more importantly, host, both factors interact to exp...
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作者：Kunc, Martin H.; Morecroft, John D. W.
作者单位：University of Warwick; University of London; London Business School
摘要：A framework is presented that connects managerial decision making to resource building and firm performance. The framework takes a behavioral view of decision making and distinguishes two distinct decision-making processes. First there is the creative conceptualization of new resource configurations that are intended to deliver competitive advantage. Then there is the painstaking development of resources required to implement strategy. We argue that heterogeneity in the resources of rival firm...
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作者：Lee, Gwendolyn K.; Lieberman, Marvin B.
作者单位：INSEAD Business School; State University System of Florida; University of Florida; State University System of Florida; University of Florida; University of California System; University of California Los Angeles
摘要：An established firm can enter a new product market through acquisition or internal development. Predictions that the choice of market entry mode depends on 'relatedness' between the new product and the firm's existing products have repeatedly failed to gain empirical support. We resolve ambiguity in prior work by developing dynamic measures of relatedness, and by making a distinction between entries inside vs. outside a firm's primary business domain. Using a fine-grained dataset on the teleco...
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作者：Plambeck, Nils; Weber, Klaus
作者单位：Hautes Etudes Commerciales (HEC) Paris; Northwestern University
摘要：Organizational scholars have highlighted the importance of interpretive ambivalence for mindfulness, creativity, and strategic change. Ambivalence occurs when an issue is seen simultaneously as positive and negative. We examine organizational factors that influence the propensity of organizational leaders to evaluate a new strategic issue ambivalently. Data come from a survey of 220 German CEOs confronted with the enlargement of the European Union. We.find that CEOs of firms with a more ambide...
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作者：D'Aveni, Richard A.; Dagnino, Giovanni Battista; Smith, Ken G.
作者单位：Dartmouth College; University of Catania; University of Rhode Island
摘要：The creation and management of temporary competitive advantages has emerged as an alternative to sustainable models of competitive advantage in the strategy literature. We review the literature and discuss questions related to the antecedents, consequences and the management temporary advantage in the introduction of this special issue. The overall goal is to ask: What would the field of strategic management look like if sustainable advantages did not exist? We summarize the papers published i...
