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作者：Andrei, Alina G.; Benischke, Mirko H.; Martin, Geoffrey P.
作者单位：Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC; University of Melbourne; Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC
摘要：We integrate behavioral agency research and the five-factor model of personality to re-visit investment analysts' efficacy as a mechanism for reducing agency costs. We highlight the role of personality in shaping how CEOs respond to analyst recommendations, leading to boundary conditions for the efficacy of analysts as external monitors. We theorize that the extent to which a CEO perceives a threat from more positive analyst recommendations is contingent upon their personality, which shapes th...
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作者：Su, Jingqin; Gao, Xin; Tan, Justin
作者单位：Dalian University of Technology; Dalian Maritime University; York University - Canada; Tianjin University
摘要：\Research Summary: How firms strategically balance legitimacy and distinctiveness has garnered significant attention but reflects inconsistent perspectives. This inconsistency may stem from the inherent complexity of optimal distinctiveness (OD), which are sensitive to both the context and temporality. This article explores dynamic changes in institutional and competitive pressures and how they co-evolve with different OD strategies. Through an exploratory, multi-case study, we propose a press...
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作者：Bao, Jiayi
作者单位：Texas A&M University System; Texas A&M University College Station; Mays Business School; Texas A&M University System; Texas A&M University College Station; Mays Business School
摘要：Research Summary This article examines whether the Affordable Care Act (ACA) health insurance reform reduced the gender gap in science, technology, engineering, and mathematics (STEM) entrepreneurship. I argue that the ACA mitigated mobility constraints imposed by employer-provided health insurance and encouraged entrepreneurship with important contingencies: effects were limited to women because of gender differences in supply-side cost reduction and demand-side health insurance needs and wer...
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作者：Balasubramanian, Natarajan; Sivadasan, Jagadeesh; Xu, Wenjian
作者单位：Syracuse University; University of Michigan System; University of Michigan; Shanghai Jiao Tong University; Syracuse University
摘要：Research SummaryBeing able to sell a business not only allows a firm to exit an industry but is also a motivation for entrepreneurial entry. Therefore, factors that make acquisitions less desirable for potential acquirers could not only affect the rate of acquisitions, but also entry and exit. We test this in the context of judicial adoptions of product line exceptions, which increased acquirer exposure to potential accumulated liabilities. We find that after adoption, and relative to nonmanuf...
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作者：Balachandran, Sarath
作者单位：University of London; London Business School
摘要：Research SummaryStartups are increasingly turning to incumbent firms for venture capital, anticipating access to the investor's knowledge and complementary assets. However, startups' eventual access to these resources varies widely. This article highlights one important driver of such variance, whether startups' managers were previously employed by an incumbent in the same industry. Using data from the life sciences, I find that such corporate experience can precipitate technical knowledge flo...
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作者：Yang, Tiantian; Kacperczyk, Olenka
作者单位：University of Pennsylvania; University of London; London Business School
摘要：Research SummaryRacial disparities in entrepreneurship have been widely discussed in the literature, with most studies focusing on mechanisms that amplify such disparities. However, less attention has been devoted to factors that promote inclusion. We propose that intrapreneurship-launching and operating new ventures inside established organizations-represents a more inclusive entrepreneurial pathway than entrepreneurship involving a standalone venture. We predict that relative to White employ...
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作者：Santamaria, Simone; Abolfathi, Niloofar; Mahmood, Ishtiaq Pasha
作者单位：National University of Singapore; Singapore Management University
摘要：Research Summary: We compare the efficacy of two broad approaches to entrepreneurship training: a training prioritizing demand-side activities versus a training prioritizing resource-side activities. We do so by running a field experiment inside a 6-month entrepreneurship program involving 236 early-stage entrepreneurs. Inspired by our training, the first group invested more time interacting with potential customers and developing a deep understanding of customer needs and problems. The other ...
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作者：Boyacioglu, Beril; Ozdemir, Mahmut N.; Karim, Samina
作者单位：Koc University; Northeastern University
摘要：Research Summary Acqui-hires are now a prevalent strategic mechanism by which firms obtain talented human resources. They differ from traditional acquisitions in that they are always integrated and the focus is the people, not the product or service. Thus, how firms reconfigure through the redeployment and retention of acqui-hired human resources during post-acquisition integration is particularly critical. We find that when the acquired start-up has disruptive (vs. nondisruptive) know-how, th...
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作者：Greenberg, Jason; Sands, Daniel B.; Cattani, Gino; Porac, Joseph
作者单位：Cornell University; University of London; University College London; New York University
摘要：Research Summary We investigate the extent to which the increasing availability of ratings information has affected heterogeneity in firm performance and, if so, what market segments are responsible for these changes. A unique dataset was constructed with restricted-access government data to examine these questions in the context of the New York City restaurant industry between 1994 and 2013. We find that firms serving tourist and expensive price point market segments experienced increasing sa...
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作者：Wang, Yongzhi; Rajagopalan, Nandini; Yue, Lori Qingyuan; Wu, Brian
作者单位：University System of Ohio; Ohio State University; University of Southern California; Columbia University; University of Michigan System; University of Michigan
摘要：Research Summary: We develop the following typology of four types of acquisition synergies by integrating the multisidedness feature of digital platforms with the mainstream strategy research: complementary-technology-side economies of scope, complementary-technology-side economies of scale, user-side economies of scope, and user-side economies of scale. We show that (1) acquisition synergies are entry-deterring, (2) synergies derived from economies of scope have stronger effects than those de...
