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作者：Masclans, Roger; Hasan, Sharique; Cohen, Wesley M.
作者单位：Duke University; Duke University; National Bureau of Economic Research
摘要：Research SummaryWe develop an ex ante measure of commercial potential of science, an otherwise unobservable variable driving the performance of innovation-intensive firms. To do so, we rely on large language models and neural networks to predict whether scientific articles will influence firms' use of science. Incorporating time-varying models and the quantification of uncertainty, the measure is validated through both traditional methods and out-of-sample exercises, leveraging a major univers...
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作者：Asghar, Nauman; Obloj, Tomasz
作者单位：University of Liverpool; Indiana University System; Indiana University Bloomington; IU Kelley School of Business
摘要：Research SummaryWe investigate the role of organizational structure in influencing internal capital reallocations. Despite the importance of flexible capital reallocation, empirical evidence suggests remarkably high levels of stability in these decisions. Adopting a behavioral perspective, we focus on information processing demands faced by boundedly rational decision-makers as an antecedent of such decision patterns. We argue, and provide evidence, that centralization of decision rights, whic...
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作者：Piezunka, Henning; Klapper, Helge; Vetter, Michael; Henkel, Joachim
作者单位：University of Pennsylvania; Purdue University System; Purdue University; Technical University of Munich
摘要：Research Summary What role do collaborations with a target's partners play in an acquisition, and how do these collaborations evolve post-acquisition? Research suggests that these collaborations are an important reason to acquire but often diminish post-acquisition. But if they tend to diminish, why are they a reason to acquire? Our analysis of acquirers' motives of 143 acquisitions of firms that collaborate with partners on 298 open-source projects resolves the outlined puzzle and reveals two...
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作者：Yalcinkaya, Beril; Ding, Waverly W.
作者单位：University of Pennsylvania; University System of Maryland; University of Maryland College Park
摘要：Research Summary We track the enactment of targeted regulation of abortion providers (TRAP) laws in the United States and analyze 4.98 million person-year mobility records for 535,568 biomedical scientists from 1990 to 2018. Our estimations reveal a 0.8-1.6 percentage-point increase in scientists' relocation probability after states enacted abortion-restrictive laws, with substantially stronger effects among junior scientists (1.6-3.9 percentage points). Anti-abortion states also became less l...
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作者：Aoki, Katsuki
作者单位：Meiji University
摘要：Research Summary This study provides a causal explanation concerning how managerial actions using historical values contribute to dynamic capabilities, or sustaining competitive advantage in changing environments. Based on historical methods that consist mainly of hermeneutics, contextualization, and source criticism, it analyzes sources and data on how Toyota strategically responded to the competitive dynamics of the automotive industry centered around modularization. This resulted in the ide...
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作者：Lindbjerg, Louise; Vladasel, Theodor
作者单位：Aarhus University; Pompeu Fabra University; Pompeu Fabra University; Barcelona School of Economics
摘要：Research Summary What human capital do established organizations need to bring new ideas to market? Combining Danish registry and Community Innovation Survey data, we document a robust positive relationship between hiring former founders and firms' sales from innovation. Entrepreneurs join smaller, younger firms (which exhibit larger effects), managerial skills and external industry founding experience matter, while other selection or human capital-based explanations appear muted. Founder hire...
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作者：Kavusan, Korcan; Mack, Daniel Z.; Mount, Matthew P.; Ertug, Gokhan
作者单位：Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC; Singapore Management University; Deakin University
摘要：Research Summary Research on performance feedback presents conflicting views on how above-aspiration performance influences organizational change. Some studies argue that it constrains change due to a lack of organizational motivation, while others suggest that it enables change by expanding managerial discretion. Reconciling these perspectives, we suggest that managers' narcissistic tendencies can fundamentally alter how a firm responds to above-aspiration performance. We theorize and find ev...
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作者：Hasija, Dinesh; Ellstrand, Alan; Ridge, Jason W.; Johnson, Jon
作者单位：University System of Georgia; Augusta University; University of Arkansas System; University of Arkansas Fayetteville
摘要：Research SummaryThe lead independent director (LID) position was adopted primarily to increase the efficiency of the monitoring function of the board. However, evidence of whether and how LIDs influence board monitoring has been limited. We apply and test the theoretical quad model in the context of the LID to examine whether selecting a qualified LID helps improve monitoring within the board. We argue that when a board appoints a qualified LID, it improves overall board monitoring, along with...
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作者：Nelson, Andrew J.
作者单位：University of Oregon
摘要：Research SummaryMimetic products like fake wood and fake meat pose a dilemma for producers. On the one hand, their core value lies in faithfully replicating a real referent. On the other hand, they must differentiate themselves. I explore this tension through a qualitative historical investigation of the first electronic musical organs: The Orgatron was a low-cost close imitation of the pipe organ, whereas the Hammond was a lesser imitation that attempted to augment the pipe organ. Ironically,...
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作者：Botelho, Tristan L.; Wang, Qingyang (Iris)
作者单位：Yale University
摘要：Research summary Organizations are increasingly using large language models (LLMs) to support strategic evaluations. We examine whether and how these systems rely on gender and race. We asked GPT to evaluate identical startup pitches varying only the founder's name, shaping gender and race perceptions. Across 26,000 evaluations, GPT did not systematically assign lower scores to underrepresented minorities but avoided ranking them last without increasing winning likelihoods. To explain these pa...
