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作者：Tandon, Vivek; Nandkumar, Anand; Mogra, Ronak; Srikanth, Kannan
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; Indian School of Business (ISB); INSEAD Business School; University System of Ohio; Ohio State University
摘要：Research Summary: Resource-based-view scholars have mainly examined two resource allocation approaches for competitive advantage in multiunit firms: resource sharing and resource redeployment. These approaches emphasize allocative efficiency-the optimal allocation of resources to maximize their current value. In technology-intensive industries, firm success also requires achieving dynamic efficiency to increase its future value-creation. We propose that the redundant allocation of resources-th...
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作者：Ganco, Martin; Liu, Jingnan; Wang, Haifeng; Yamaguchi, Shotaro
作者单位：University of Wisconsin System; University of Wisconsin Madison; Massachusetts Institute of Technology (MIT); Hong Kong Baptist University
摘要：Research SummaryExtant work in strategic management has focused on the role of noncompete agreements (NCAs)-a form of restrictive legal lever used by firms when managing human capital-and conceptualized them as being advantageous to firms. Challenging this notion, we highlight a novel downside of using NCAs and show how their use by some firms creates differentiation opportunities for rival firms. We analyze a unique survey dataset to examine the heterogeneity in the firms' actual use of NCAs ...
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作者：Adarkwah, Gilbert Kofi; Dorobantu, Sinziana; Sabel, Christopher Albert; Zilja, Flladina
作者单位：Universite de Montreal; HEC Montreal; BI Norwegian Business School; New York University; Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC; Copenhagen Business School
摘要：Research SummaryWe examine how geopolitical volatility-the instability of bilateral political affinity between countries-affects foreign subsidiary investments. Building on prior work that shows that the level of political affinity between countries facilitates foreign investments, we argue that the volatility of political affinity impedes firms' ability to form expectations about stakeholder behavior and reduces subsequent investments in subsidiaries. We further argue that the effect of volat...
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作者：Gamache, Daniel L.; Pfarrer, Michael D.; Curran, Kevin
作者单位：University System of Georgia; University of Georgia; University System of Georgia; University of Georgia; University of Amsterdam
摘要：Research SummaryAlthough research has explored how executive hubris shapes organizational actions, we theorize that hubris can also develop outside the executive suite. We introduce the construct organizational hubris, which we define as a durable, collective attitude marked by exaggerated pride and confidence in the organization. Organizational hubris differs from executive hubris in terms of level (individual versus collective) and target (self-focused vs. organization-focused). We argue tha...
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作者：Balasubramanian, Natarajan; Makadok, Richard; Chiu, Wan-Ting
作者单位：Syracuse University; University System of Ohio; Ohio State University; JP Morgan Chase & Company; Purdue University System; Purdue University
摘要：Research SummaryCost advantage helps a firm at the expense of its rivals, but may hurt some rivals worse than others. Conventional wisdom suggests that an advantaged firm will do more harm to closer competitors, but the opposite may occur if competitors can reposition themselves. Closer competitors have stronger incentives to reposition away from the advantaged firm, thereby potentially encroaching on rivals more distant from the advantaged firm and propagating the harm to them like the cue ba...
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作者：Desantola, Alicia; Zhelyazkov, Pavel I.; Hallen, Benjamin L.
作者单位：University of Washington; University of Washington Seattle; Hong Kong University of Science & Technology; University of Washington; University of Washington Seattle
摘要：Research SummaryThis paper investigates how reputation affects firm responses to resource mobilization opportunities. We theorize that lower-reputation firms are likely to be particularly responsive to resource mobilization opportunities because they are otherwise constrained. By contrast, higher-reputation firms have access to greater resource supply and may self-restrain demand. We test these arguments in the context of venture capital (VC) firms raising investment funds. We indeed find that...
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作者：Neckebrouck, Jeroen; Kryscynski, David
作者单位：University of Navarra; IESE Business School; Rutgers University System; Rutgers University New Brunswick
摘要：Research SummaryWithout compelling empirical proxies for economic profits, we may need to reconsider the decades of empirical research purporting to inform our theories of competitive advantage. The new stakeholder perspective suggests that stakeholders may capture significant shares of the firm's economic profits that should be incorporated into these proxies. In this article, we propose a novel empirical approach to measuring stakeholder rents and then apply our approach to measure workforce...
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作者：Sohn, Eunhee; Seamans, Robert; Sands, Daniel B.
作者单位：University System of Georgia; Georgia Institute of Technology; New York University; University of London; University College London; New York University
摘要：Research Summary This article explores how technology adoption can shape innovative activity. We study this issue within the historical context of the introduction and expansion of airmail across the United States between 1918 and 1935 using archival material and a novel dataset of early 20th century patents. A joint qualitative and quantitative investigation indicates that local individual and corporate actors applied diverse pools of knowledge and intensified their work with aviation innovat...
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作者：Hyde, Steven J.; Bachura, Eric; Bundy, Jonathan; Gretz, Richard T.; Sanders, Wm. Gerard
作者单位：Boise State University; University of Texas System; University of Texas at San Antonio; Arizona State University; Arizona State University-Tempe; University of Texas System; University of Texas at San Antonio; Nevada System of Higher Education (NSHE); University of Nevada Las Vegas; Boise State University
摘要：Research Summary Organizations are punished by analysts and investors when material deceit by their CEO is uncovered. However, few studies examine analysts' responses to deceptive CEOs before their deceit is publicly known. We use machine learning (ML) models to operationalize the likelihood of CEO deception as well as analysts' suspicion of CEO deception on earnings calls. Controlling for analysts' suspicion of deception, we show that analysts are prone to assigning superior recommendations t...
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作者：Boulongne, Romain; Durand, Rodolphe; Flammer, Caroline
作者单位：University of Navarra; IESE Business School; Hautes Etudes Commerciales (HEC) Paris; Columbia University; European Corporate Governance Institute
摘要：Research Summary: We examine whether impact investing is more effective in fostering business venture success and social impact when investments are directed toward ventures in disadvantaged urban areas compared to similar investments directed toward ventures outside these areas. We explore this question in the context of loans made to business ventures in French banlieues versus non-banlieues. We find that, following the loan issuance, banlieue ventures achieve greater improvements in financi...
