Strategic Management Journal

最新文章

• How media coverage of corporate social responsibility and irresponsibility influences cross-border acquisitions AI翻译
  作者：Hawn, Olga
  作者单位：University of North Carolina; University of North Carolina Chapel Hill
  摘要：Research Summary This study contributes to the growing strategic corporate social responsibility (CSR) literature by examining the intersection of acquisition studies and international expansion research and highlighting the unexplored impact of media coverage of CSR and corporate social irresponsibility (CSI) in shaping completion and duration outcomes of cross-border acquisitions. A quantitative analysis of 4,087 cross-border acquisition announcements by firms from Brazil, Russia, India, Chi...
• On the origin of technological acquisition strategy: The interaction between organizational plasticity and environmental munificence AI翻译
  作者：Rios, Luis A.
  作者单位：Purdue University System; Purdue University
  摘要：Research Summary Why do some firms routinely acquire more than others? I contribute to the study of technological acquisitions and capability development more broadly by documenting how the interaction between organizational plasticity and environmental munificence can create one demarcation point for some technology firms to become more acquisitive than others. Using a novel dataset on 1,201 firms that went public between 1983 and 2007, I find evidence of a persistent divergence even 20 years...
• Basking in reflected glory: Reverse status transfer from foreign to home markets AI翻译
  作者：Chae, Heewon; Song, Jaeyong; Lange, Donald
  作者单位：Arizona State University; Arizona State University-Tempe; Seoul National University (SNU)
  摘要：Research summary In this study, we investigate reverse status transfer from foreign to home country markets. We argue that a positive product status accrued in a leading foreign country, or outside status, increases domestic market performance by providing home country audiences with a means of self-enhancement. We predict that the impact of outside status will be stronger when the foreign and home countries have similar economic conditions, and when the products are high priced, luxury goods-...
• Competing or complementary labels? Estimating spillovers in Chinese green building certification AI翻译
  作者：Li, Xia; Simcoe, Timothy
  作者单位：Boston University; National Bureau of Economic Research
  摘要：Research summary Many markets have multiple voluntary certification programs that sellers use to signal product or organizational quality. We argue that there can be positive spillovers in adoption of competing certifications and propose a framework for understanding how such spillovers arise through three channels: suppliers, adopters, and users of various labels. Our empirical analysis demonstrates these effects in the context of Chinese green-building certification. Specifically, we measure...
• Reputations in flux: How a firm defends its multiple reputations in response to different violations AI翻译
  作者：Bundy, Jonathan; Iqbal, Farhan; Pfarrer, Michael D.
  作者单位：Arizona State University; Arizona State University-Tempe; University System of Georgia; University of Georgia
  摘要：Research Summary We examine how a firm defends its capability and character reputations in response to different violations. We develop our core theoretical mechanism-stakeholders' situational expectations-to theorize that the effectiveness of a firm's response strategy following a violation depends on the nature of the violation and the reputational judgment being made. We test our hypotheses using two longitudinal violation samples and novel media-based measures of reputation. Generally, we ...
• Back to the future: The effect of returning family successions on firm performance AI翻译
  作者：Amore, Mario Daniele; Bennedsen, Morten; Le Breton-Miller, Isabelle; Miller, Danny
  作者单位：Bocconi University; INSEAD Business School; Universite de Montreal; HEC Montreal
  摘要：Research Summary We study successions from a non-family CEO back to a family CEO, which we label Type-R successions. In our sample of 489 Italian family firms experiencing the departure of non-family CEOs, these successions represent 42% of all cases. Our difference-in-differences results indicate that family firms undertaking Type-R successions experience an 18% superiority in profitability. Exploring the heterogeneity underlying this result, we find that Type-R successions produce weaker res...
• From necessity to opportunity: Scaling bricolage across resource-constrained environments AI翻译
  作者：Busch, Christian; Barkema, Harry
  作者单位：New York University; University of London; London School Economics & Political Science
  摘要：Research summary Enterprises in low-resource contexts often rely on bricolage (i.e., making do by applying resources at hand to new problems). However, bricolage has traditionally been regarded as a way to temporarily get by, potentially constraining growth if continued over time. This has been explained by factors such as limited development of learning competencies. Surprisingly, we encountered a social organization appearing to use bricolage to scale extensively into a variety of locations....
• Economizing and strategizing: How coalitions and transaction costs shape value creation and appropriation AI翻译
  作者：Asmussen, Christian G.; Foss, Kirsten; Foss, Nicolai J.; Klein, Peter G.
  作者单位：University of London; King's College London; Copenhagen Business School; Norwegian School of Economics (NHH); Baylor University
  摘要：Research summary Research has examined how economizing and strategizing mechanisms interact in driving competitive outcomes, but the role of coalitions in this process has received little attention. Coalitions are formed to create more value (i.e., economizing) and to strengthen competitive positions (i.e., strategizing). Based on a formal coalitional model, we derive several unintuitive results. We show that economizing actions may backfire because creating more value may lead other players t...
• Risk management and corporate social responsibility AI翻译
  作者：Kim, Sol; Lee, Geul; Kang, Hyoung-Goo
  作者单位：Hanyang University
  摘要：Research Summary We introduce an innovative method of identifying the risk-management benefit of corporate social responsibility (CSR). Option-implied volatility captures the financial markets' expectations of a firm's future risk, so if CSR is related to risk-management benefits, it should be related to lower implied volatility. We find that CSR is associated with low implied volatility and that CSR's insurance benefit is larger for firms that have high leverage, growth opportunities, or unce...
• The liabilities of foreign institutional ownership: Managing political dependence through corporate political spending AI翻译
  作者：Shi, Wei; Gao, Cheng; Aguilera, Ruth V.
  作者单位：University of Miami; University of Michigan System; University of Michigan; Northeastern University; Universitat Ramon Llull; Escuela Superior de Administracion y Direccion de Empresas (ESADE)
  摘要：Research Summary: The benefits of foreign institutional ownership (FIO) have been amply researched, but there are also potential downsides to such ownership. High FIO can subject a firm to heightened regulatory scrutiny and compliance, increasing its political dependence. Drawing on resource dependence theory, we argue that firms can manage the political dependence that arises from FIO by engaging in corporate political spending (CPS). We derive two moderating conditions from our theoretical a...