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作者：Berry, Heather
作者单位：University of Pennsylvania
摘要：This study analyzes when different foreign investment location choices are value creating for firms at different stages of international expansion. I argue that because direct investment in developing countries is riskier than in advanced countries, shareholders may not value a firm's investment in developing countries until that firm has experience from previous international investments and capabilities to better manage and hedge the higher levels of risk and uncertainty. Using a panel of 19...
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作者：Sorenson, Olav; McEvily, Susan; Ren, Charlotte Rongrong; Roy, Raja
作者单位：University of Toronto; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; Purdue University System; Purdue University; Tulane University
摘要：Although strategy research typically regards firm scope as a positional characteristic associated with performance differences, we propose that broad contemporary scope also provides insight into the routines that govern firm behavior. To attain broad scope, firms must repeatedly explore outside the boundaries of their current niche. Firms with broad niches therefore operate under a set of routines that repeatedly propel them into new market segments, expanding their niche. These niche expansi...
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作者：Douma, Sytse; George, Reje; Kabir, Rezaul
作者单位：Eindhoven University of Technology; Indian Institute of Management (IIM System); Indian Institute of Management Bangalore; University of Stirling
摘要：We adopt a multi-theoretic approach to investigate a previously unexplored phenomenon in extant literature, namely the differential impact of foreign institutional and foreign corporate shareholders on the performance of emerging market firms. We show that the previously documented positive effect of foreign ownership on firm performance is substantially attributable to foreign corporations that have, on average, larger shareholding, higher commitment, and longer-term involvement. We document ...
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作者：Zhang, Y
作者单位：Rice University
摘要：This study focuses on the leadership structure at the very top of a firm. Specifically, it examines how the presence of a COO/president, who is separate from the CEO, affects strategic change and CEO dismissal. With longitudinal data on the tenures of 207 CEOs, results suggest that the presence of a separate COO/president increases the magnitude of strategic change under conditions of low firm performance but it decreases the magnitude of strategic change under conditions of high firm performa...
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作者：Acedo, Francisco Jose; Barroso, Carmen; Galan, Jose Luis
作者单位：University of Sevilla
摘要：Papers published on the resource-based theory (RBT) have made clear its widespread application, heterogeneity, and usefulness as a strategic approach. This paper empirically analyzes the assumptions underlying the theory from an inductive perspective. The paper differs from previous works by identifying the main trends within the theory and by noting their diffusion among the leading management-oriented journals. Three main trends are shown to coexist within RBT: the resource-based view, the k...
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作者：Fosfuri, Andrea
作者单位：Universidad Carlos III de Madrid
摘要：The licensing of technology entails a trade-off: licensing payments net of transaction costs (revenue effect) must be balanced against the lower price-cost margin and/or reduced market share implied by increased competition (profit dissipation effect) from the licensee. We argue that the presence of multiple technology holders, which compete in the market for technology, changes such a trade-off and triggers more aggressive licensing behavior. To test our theory, we analyze technology licensin...
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作者：Szulanski, Gabriel; Jensen, Robert J.
作者单位：Brigham Young University; INSEAD Business School
摘要：Adaptation almost invariably accompanies the cross-border transfer of firm-specific practices. The existing literature contains two conflicting approaches to adaptation. The first, more traditional approach, following institutional, motivational, and pragmatic efficiency considerations, presumes that a modified practice can be fine tuned, stabilized, and institutionalized without consulting a working example and that practices should thus be adapted as quickly as possible to create fit with th...
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作者：Eesley, Charles; Lenox, Michael J.
作者单位：Duke University
摘要：In this paper, we explore the conditions under which secondary stakeholder groups are likely to elicit positive firm responses. To this end, we build upon and advance Mitchell, Agle, and Wood's (1997) stakeholder saliency and identification framework by defining saliency in terms of actions, not perceptions, and by proposing that power, legitimacy, and urgency arise out of the nature of stakeholder-request-firm triplets. To test this framework, we build a unique dataset of over 600 secondary s...
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作者：David, Parthiban; Yoshikawa, Toru; Chari, Murali D. R.; Rasheed, Abdul A.
作者单位：University of Notre Dame; Singapore Management University; Indiana University System; Indiana University South Bend; University of Texas System; University of Texas Arlington
摘要：This paper investigates the effect of foreign ownership on strategic investments in Japanese corporations. Foreign owners are typically portfolio investors who frequently buy and sell shares and hold diversified portfolios of small stakes in many firms. Prior research has presented two conflicting perspectives on the role of such investors: (a) their frequent trading leads to pressure for short-term returns that fosters underinvestment; (b) their active trading fosters appropriate investments....
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作者：Yanadori, Yoshio; Marler, Janet H.
作者单位：University of British Columbia; State University of New York (SUNY) System; University at Albany, SUNY
摘要：Drawing on the strategic employee group concept, this study empirically examines whether a firm's innovation strategy influences compensation systems for strategic employee groups in the high-technology industry. We focus on compensation packages for R&D employees who play a critical role in successful implementations of innovation strategy. Using compensation data for middle-level managers and professional employees from 237 firms in the high-technology industry, we found that a firm's strate...
