-
作者：Srikanth, Kannan; Anand, Jaideep; Stan, Mihaela
作者单位：University System of Ohio; Ohio State University; University of London; University College London
摘要：Research Summary That capability development is subject to time compression diseconomies (TCD) is well-known in the strategy literature. However, so far, there is limited attention paid to its origins, that is, why it exists, and demonstrating it empirically. In the context of fertility clinics in the United Kingdom, we show that faster experience accumulation is associated with lower success rates; that is, time compression in experience accumulation results in shallower learning curves. We a...
-
作者：Choudhury, Prithwiraj (Raj); Foroughi, Cirrus; Larson, Barbara
作者单位：Harvard University; Harvard University; Northeastern University
摘要：Research Summary An emerging form of remote work allows employees to work-from-anywhere, so that the worker can choose to live in a preferred geographic location. While traditional work-from-home (WFH) programs offer the worker temporal flexibility, work-from-anywhere (WFA) programs offer both temporal and geographic flexibility. WFA should be viewed as a nonpecuniary benefit likely to be preferred by workers who would derive greater utility by moving from their current geographic location to ...
-
作者：Wibbens, Phebo D.
作者单位：INSEAD Business School
摘要：Research Summary This article introduces a formal model of long-term resource dynamics under uncertainty. The model demonstrates the importance of competitive amplification for the emergence of sustained performance heterogeneity. In some markets, small differences in resource positions tend to amplify over time into large performance differences. The model predicts that this amplification and the resulting performance heterogeneity are largest in markets where firms compete for critical resou...
-
作者：Martignoni, Dirk; Keil, Thomas
作者单位：Universita della Svizzera Italiana; University of Zurich
摘要：Research Summary When organizational environments change, experience, and organizational beliefs are often devalued and may become an obstacle to organizational adaptation. The literature on unlearning suggests organizations can overcome this problem by unlearning. However, prior work focuses mostly on unlearning of what has worked in the past (success beliefs) and neglects unlearning of what did not work (failure beliefs). We examine the differences in unlearning these two types of beliefs an...
-
作者：Kovacs, Balazs; Carnabuci, Gianluca; Wezel, Filippo Carlo
作者单位：Yale University; European School of Management & Technology; Universita della Svizzera Italiana
摘要：Research Summary Whereas prior innovation and strategy literature studied how attentional and search dynamics influence the creation of inventions, we examine how these same processes affect the impact of inventions after their creation. We theorize that inventions classified in high-contrast technological categories garner more attention by potential users and, hence, accrue more citations than otherwise-equivalent inventions classified in low-contrast categories. We test this hypothesis via ...
-
作者：Lane, Jacqueline N.; Ganguli, Ina; Gaule, Patrick; Guinan, Eva; Lakhani, Karim R.
作者单位：Harvard University; University of Massachusetts System; University of Massachusetts Amherst; University of Bath; Harvard University; Harvard University Medical Affiliates; Dana-Farber Cancer Institute
摘要：Research Summary We investigate how knowledge similarity between two individuals is systematically related to the likelihood that a serendipitous encounter results in knowledge production. We conduct a field experiment at a medical research symposium, where we exogenously varied opportunities for face-to-face encounters among 15,817 scientist-pairs. Our data include direct observations of interaction patterns collected using sociometric badges, and detailed, longitudinal data of the scientists...
-
作者：Fieberg, Christian; Lopatta, Kerstin; Tammen, Thomas; Tideman, Sebastian A.
作者单位：University of Bremen; City University of Hong Kong; University of Hamburg; University of Exeter
摘要：This article investigates the moderating effect of political affinity between countries on investors' reactions to the premium in cross-border acquisitions (CBAs). Based on a sample of 1,183 CBAs between 1999 and 2018, we find that political affinity positively moderates the relationship between the acquisition premium and the acquiring and target firms' stock market return. We argue that investors use political affinity to assess the reliability of the premium (i.e., management's overall perc...
-
作者：Berry, Heather; Kaul, Aseem; Lee, Narae
作者单位：George Washington University; University of Minnesota System; University of Minnesota Twin Cities
摘要：Research abstract We examine whether and how foreign environmental standards influence global sourcing decisions. Taking a question-driven approach, we find a negative association between the stringency of a country's environmental standards and its share in US imports for 82 manufacturing industries across 77 countries between 2006 and 2016. This pollution haven effect holds not only for sourcing from owned foreign operations (offshore integration), but also for sourcing from unrelated third ...
-
作者：Keum, D. Daniel
作者单位：Columbia University
摘要：Research Summary Do the performance pressures of the capital market exacerbate short-termism and stifle innovation? This longstanding question has doggedly eluded a conclusive answer due to conflicting empirical findings. We revisit two studies that have been central to rejecting short-termism: Atanassov (2013) and its replication by Karpoff and Wittry (2018). After revising some of the empirical choices by Atanassov (2013), we find the opposite result: antitakeover laws that insulate managers...
-
作者：Pavicevic, Stevo; Keil, Thomas
作者单位：Frankfurt School Finance & Management; University of Zurich
摘要：Research Summary In corporate acquisitions, overconfident chief executive officers (CEOs) often make biased decisions, subsequently paying unjustifiably high acquisition premiums. We investigate the predeal process in which the acquisition premium is decided upon and, drawing from procedural rationality theory, argue that the pursuit of greater procedural rationality through slow-paced predeal processes reduces the tendency of overconfident CEOs to inflate acquisition premiums. The empirical r...
