-
作者：Majzoubi, Majid; Zhao, Eric Yanfei
作者单位：York University - Canada; Indiana University System; IU Kelley School of Business; Indiana University Bloomington; York University - Canada
摘要：Research Summary: A core question in strategy research is how firms should position themselves to gain favorable audience evaluations. Emphasizing the heterogeneity in audience predispositions, we propose that firms can gain an audience composition premium by strategically positioning themselves to gain more (less) attention from audiences with positive (negative) predispositions toward them. We argue that this approach to strategic positioning is more conducive for firms with high dispersion ...
-
作者：Barach, Moshe A.; Rider, Christopher I.
作者单位：University of Minnesota System; University of Minnesota Twin Cities; University of Michigan System; University of Michigan
摘要：Research Summary: Extending the opportunity-discovery perspective on Kirznerian entrepreneurship, we propose a general framework in which new businesses emerge from three distinct mechanisms situated at the individual-opportunity nexus: discovery, discernment, and exploitation. We propose observing opportunities in market exchanges and characterizing their profitability potential based on a component that is common to all observers and one that is specific to individual observers who vary in a...
-
作者：Won, Shinjae; Bidwell, Matthew
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University of Pennsylvania; University of Illinois System; University of Illinois Urbana-Champaign
摘要：Research summary: Executives are a critical strategic resource but often build careers across multiple organizations. We explore how firms value that interorganizational mobility by studying executive selection. We suggest that hiring firms will value the diverse experience and adaptability that past mobility across organizations fosters, but that prior mobility can also signal a higher retention risk or lack of competency. Using data from an executive search firm, we employ search-fixed effec...
-
作者：Thatchenkery, Sruthi; Katila, Riitta
作者单位：Vanderbilt University; Stanford University
摘要：Research Summary: This study examines whether unblocking competition through antitrust intervention against a dominant platform can spur complementor innovation in platform ecosystems. Using a novel dataset on enterprise infrastructure software and a difference-in-differences design, we examine the relation between the U.S. antitrust intervention against Microsoft (dominant enterprise platform) and subsequent innovation and profitability of infrastructure applications firms (complementors). Th...
-
作者：Uzunca, Bilgehan; Cassiman, Bruno
作者单位：Universitat Ramon Llull; Escuela Superior de Administracion y Direccion de Empresas (ESADE); University of Navarra; IESE Business School
摘要：Research Summary Going back to Bain (1956), strategy scholars have long recognized the importance of deterring entry for sustaining incumbents' profits in an industry. We introduce a new mechanism, entry diversion, to better understand the empirical phenomenon of persistent firm entry in spite of investments in entry deterrence by incumbents in some industries. Entry diversion happens when preemptive strategic investments by incumbents decrease the expected future profits from a target submark...
-
作者：Wright, Nataliya Langburd; Koning, Rembrand; Khanna, Tarun
作者单位：Harvard University; Harvard University
摘要：Research Summary: Can accelerators pick the most promising startup ideas no matter their provenance? Using unique data from a global accelerator where judges are randomly assigned to evaluate startups headquartered across the globe, we show that judges are less likely to recommend startups headquartered outside their home region by 4 percentage points. Back-of-the-envelope calculations suggest this discount leads judges to pass over 1 in 20 promising startups. Despite this systematic discount,...
-
作者：Lewis, Ben W.; Carlos, W. Chad
作者单位：Brigham Young University; Brigham Young University
摘要：Research SummaryDespite the proliferation of lists and rankings that recognize firms for superior performance, empirical studies have been limited in their ability to causally evaluate how inclusion for the marginal firm influences shareholder value. We address this limitation by examining how investors responded to firms that were barely included or excluded from the 100 Best Corporate Citizens list. Contrary to prevailing theoretical expectations, our findings indicate that marginal firms th...
-
作者：Chang, Sungyong
作者单位：University of London; London Business School; University of London; London Business School
摘要：Research Summary: This study proposes that decomposability may generate a trade-off in search. This study compares a decomposed search (i.e., producing and evaluating a decomposed module) and an integrated search (i.e., producing and evaluating a full-scale product). While the former can allow firms to experiment with more alternatives than can the latter, it may be more vulnerable to imperfect evaluation because a larger number of promising alternatives could be omitted after the initial eval...
-
作者：Wang, Danni; Zhu, Qi; Avolio, Bruce J.; Shen, Wei; Waldman, David
作者单位：Rutgers University System; Rutgers University Newark; Rutgers University New Brunswick; Hong Kong Polytechnic University; University of Washington; University of Washington Seattle; Arizona State University; Arizona State University-Tempe
摘要：Research Summary As important stakeholders of a firm, employees are critical to firm success because they are directly engaged in strategy implementation. Accordingly, we theorize that employees' views can impact assessment of the CEO by the board of directors beyond firm financial performance and security analysts' recommendations. Specifically, we hypothesize that employee approval of a CEO's leadership is predictive of the board's CEO dismissal decision, particularly when there is relativel...
-
作者：Hou, Young; Poliquin, Christopher W.
作者单位：University of Virginia; University of California System; University of California Los Angeles; University of Virginia
摘要：Research Summary CEOs increasingly engage in activism on controversial social and political issues that do not directly affect their core business. Simultaneously, the general public is increasingly politically polarized. We examine how CEOs' support for gun control after two mass shootings differentially affected the behavior of liberal and conservative consumers and the persistence of these effects. Using mobile phone location data to measure store-level visits, we find (a) consumer visits t...
