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作者：Du, Xianjin; Li, Meng; Wu, Brian
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作者：Tzabbar, Daniel; Lee, Jeongsik (Jay); Seo, Donghwi (Josh)
作者单位：Drexel University; Connecticut State University System; Central Connecticut State University
摘要：Research Summary How does the dyadic collaborative structure between the hiring firm and the losing firm influence knowledge spillovers following an employee's move? We demonstrate that knowledge spill-ins (to the hiring firm) and spill-backs (to the losing firm) are the greatest when a firm with a strong collaborative density hires an employee from another firm that too has a strong collaborative density. Furthermore, such a dyadic combination results in the greatest degree of access to the b...
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作者：Chang, Hung-Hao; Sokol, D. Daniel
作者单位：National Taiwan University; State University System of Florida; University of Florida
摘要：Research Summary This article investigates the impacts of Airbnb on hotel demand and the price and nonprice response strategies of incumbent hotels to Airbnb. We constructed a unique dataset of tourist hotels and Airbnb listings before and after the entry of Airbnb in Taiwan. We found that the entry of Airbnb makes the hotel industry more heterogeneous. Low quality hotels compete on price with Airbnb after Airbnb's entry. In contrast, prices and the investment in service quality increase for h...
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作者：Stern, I.; Deng, X.; Chen, G.; Gao, H.
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作者：Ryu, Wonsang; McCann, Brian T.; Wan, William P.
作者单位：Yonsei University; Vanderbilt University; Chinese University of Hong Kong
摘要：Research Summary: We examine how learning-by-doing (LBD) rates in manufacturing, the extent to which performance depends on own production experience, are associated with firms' diversification decisions. We argue that the LBD rates of industries affect the characteristics of not only the first-order knowledge that firms generate via operating a particular process but also the second-order knowledge that firms develop about the learning process itself. We maintain that first-order knowledge ge...
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作者：Chang, Sea-Jin; Matsumoto, Yoichi
作者单位：National University of Singapore; Korea Advanced Institute of Science & Technology (KAIST); Keio University
摘要：This study explores how firms decide in which businesses to further invest and from which businesses to withdraw resources by examining the detailed product portfolios of firms in the global semiconductor industry. Results show that resource redeployment within incumbent businesses is more prevalent than via new entry or complete exit, since the former is more flexible and easily reversible than the latter. This study further finds that, while underutilized resources may drive resource redeplo...
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作者：Huang, Henry He; Kerstein, Joseph; Wang, Chong; Wu, Feng (Harry)
作者单位：Yeshiva University; Hong Kong Polytechnic University; Lingnan University
摘要：Research Summary We estimate firm-level physical risk from climate change based on managerial evaluation and firms' exposure to climate hazard events and find that climate risk results in unfavorable corporate financing terms related to bank loans (higher interest paid, higher likelihood of being required to collateralize the loan, and greater number of covenant constraints). Firms that take measures aimed at managing climate risk, including corporate climate strategy, board-level governance, ...
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作者：Durand, Rodolphe; Huysentruyt, Marieke
作者单位：Hautes Etudes Commerciales (HEC) Paris; Stockholm School of Economics
摘要：Research Summary This article asks how distinct communication frames used by corporate social initiatives (CSIs) affect beneficiary engagement, specifically their reach vis-a-vis disadvantaged groups. Through a unique randomized field experiment in France, we assess the effectiveness of a series of communication frames on beneficiaries' decisions to enroll and use the social goods provided. Our results show that empathy- and simplicity-oriented frames significantly increase program enrollment ...
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作者：Kumar, Pankaj; Liu, Xiaojin; Zaheer, Akbar
作者单位：Virginia Polytechnic Institute & State University; Virginia Commonwealth University; University of Minnesota System; University of Minnesota Twin Cities
摘要：Research Summary Extant empirical work partitioning the variance in firm (business segment) profitability has identified industry, corporate parent, business segment, and time as key sources. However, this variance decomposition research stream has treated firms as atomistic, autonomous entities. We employ a fast-unfolding community-detection algorithm to detect firms' network memberships and use the Shapley Value method to isolate the effect of the firm's alliance network, in addition to indu...
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作者：Ren, Charlotte R.; Mulotte, Louis; Dussauge, Pierre; Anand, Jaideep
作者单位：University of Pennsylvania; Tilburg University; Hautes Etudes Commerciales (HEC) Paris; University System of Ohio; Ohio State University
摘要：Research Summary We examine how the performance of a firm's prior alliances influences its propensity to persist with the alliance mode or switch to independent operations in the context of new product introductions (NPIs). Drawing on the behavioral theory of the firm (BTOF), we argue that a firm's alliance performance has a U-shaped effect on its likelihood of undertaking the subsequent NPI independently and that competitive intensity strengthens this U-shaped relationship. We also predict th...
