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作者：Vakili, Keyvan; Kaplan, Sarah
作者单位：University of London; London Business School; University of Toronto
摘要：Research Summary: While innovation has increasingly become a collaborative effort, there is little consensus in research about what types of team configurations might be the most useful for creating breakthrough innovations. Do teams need to include inventors with knowledge breadth for recombination or do they need inventors with knowledge depth for identifying anomalies? Do teams need overlapping knowledge to integrate insights from diverse areas or does this redundancy hamper innovation by c...
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作者：Flammer, Caroline; Ioannou, Ioannis
作者单位：Boston University; University of London; London Business School
摘要：Research summary This study investigates how companies adjusted their investments in key strategic resources-that is, their workforce, capital expenditures, R&D, and CSR-in response to the sharp increase in the cost of credit (the credit crunch) during the financial crisis of 2007-2009. We compare companies whose long-term debt matured shortly before versus after the credit crunch to obtain (quasi-)random variation in the extent to which companies were hit by the higher borrowing costs. We fin...
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作者：Gutierrez, Cedric; Obloj, Tomasz; Frank, Douglas H.
作者单位：Bocconi University; Bocconi University; Hautes Etudes Commerciales (HEC) Paris; Analysis Group Inc.
摘要：Research Summary In this paper, we develop and test a behavioral theory of lost leadership. Using insights from the literature on goals as reference points and goal-setting theory, we predict that former leaders exert more effort compared to otherwise identical competitors. We test this prediction using two contexts. The first data comes from an educational business simulation game. The second setting draws on field data from a 2-month banking sales contest. We find that provision of effort in...
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作者：Momtaz, Paul P.
作者单位：University of California System; University of California Los Angeles
摘要：Research Summary How emotions impact firm valuation is empirically understudied because affective traits are difficult to quantify. However, using artificial emotional intelligence, positive and negative affects can be identified from facial muscle contraction-relaxation patterns obtained from public CEO photos during initial coin offerings, that is, blockchain-based issuances of cryptocurrency tokens to raise growth capital. The results suggest that CEO affects impact firm valuation in two wa...
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作者：Peterson, Aticus; Wu, Andy
作者单位：Harvard University
摘要：Research Summary We study how learning by experience across projects affects an entrepreneur's strategic foresight. In a quantitative study of 314 entrepreneurs across 722 crowdfunded projects supplemented with a program of qualitative interviews, we counterintuitively find that entrepreneurs make less accurate predictions as they gain experience executing projects: they miss their predicted timeline to bring a product to market by nearly six additional weeks on each successive project. Althou...
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作者：Gligor, David M.; Novicevic, Millorad; Feizabadi, Javad; Stapleton, Andrew
作者单位：University of Mississippi; Massachusetts Institute of Technology (MIT); University of Wisconsin System
摘要：Research summary: The authors investigated investor reactions to the appointment of Black executives. The results indicate that investors respond: (1) more negatively to the announcement of Black CEO appointments than to White CEO appointments, (2) more negatively to the announcement of the Black top management team (TMT) appointments than to White TMT appointments, (3) more negatively to the announcement of Black CEO appointments than to Black TMT appointments, and (4) more negatively to the ...
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作者：Almeida Costa, Afonso; Zemsky, Peter
作者单位：Universidade Nova de Lisboa; INSEAD Business School
摘要：Research Summary The value-based perspective emphasizes the importance of both value creation and bargaining for firm performance. While formal theoretical work has focused on value creation strategies, empirical evidence suggests that substantial performance differences also arise from heterogeneity in bargaining. We develop a model where rival firms choose value-based innovation strategies to enhance either value creation or bargaining capabilities. We show a tendency for homogeneous strateg...
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作者：Mount, Matthew P.; Baer, Markus; Lupoli, Matthew J.
作者单位：Deakin University; Washington University (WUSTL); Monash University
摘要：Research summary Deliberate cognition is an important mechanism for overcoming inertia. Yet, the precise nature of cognition that propels decision-makers to endorse novelty is not well understood. We propose that expertise distance is a fundamental force shaping decision-makers' willingness to invest in novelty. We further suggest that the level of mental construal through which information is processed moderates the effect of expertise distance on investment propensity, principally by changin...
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作者：Palomeras, Neus; Wehrheim, David
作者单位：Universidad Carlos III de Madrid; University of Navarra; IESE Business School
摘要：Research Summary In this paper, we suggest that staffing decisions in R&D alliances can reduce the inherent tension between value creation and value protection faced by participating firms. By considering R&D workers a primary source of knowledge leakage, we analyze the role of their intellectual property (IP) protection in shaping the misappropriation threat posed by the partner. We rely on patent ownership and inventorship data to analyze the selection of individuals for R&D collaborations i...
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作者：Hannah, Douglas P.; Tidhar, Ron; Eisenhardt, Kathleen M.
作者单位：Boston University; Stanford University
摘要：Research summary Analytic models are a powerful approach for developing theory, yet are often poorly understood in the strategy and organizations community. Our goal is to enhance the influence of the method by clarifying for consumers of modeling research how to understand and appreciate analytic modeling and use modeling results to enhance their own research. Our primary contribution is a guide for reading analytic models. Using comparisons with other methods and exemplar analytic models, we...
