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作者：Ballesteros, Luis; Gatignon, Aline
作者单位：George Washington University; University of Pennsylvania
摘要：Research Summary: Nonprofit organizations (NPOs) are often identified as a natural vehicle for the engagement of firms in large-scale social issues. We evaluate this argument by examining the conditions under which NPO experience is more valuable than firm experience in overcoming the key challenges associated with corporate disaster giving. Findings from a quasi-experiment across the 4,396 natural disasters worldwide between 2003 and 2015 demonstrate that firms could donate more by implementi...
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作者：Petrenko, Oleg, V; Aime, Federico; Recendes, Tessa; Chandler, Jeffrey A.
作者单位：Texas Tech University System; Texas Tech University; Oklahoma State University System; Oklahoma State University - Stillwater; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; Western Kentucky University
摘要：Research Summary In this study, we investigate the effect of chief executive officer (CEO) humility on firm's market performance. We argue and find that firms with more humble CEOs will have better market performance but not because they actually perform better but, rather, because they benefit from an expectation discount in the market. Specifically, we show that, all else equal, financial analysts announce lower earnings per share expectations for firms with more humble CEOs. This expectatio...
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作者：Asmussen, Christian Geisler; Fosfuri, Andrea
作者单位：University of London; King's College London; Copenhagen Business School; Bocconi University; Bocconi University
摘要：Research Summary: Multinational enterprises (MNEs) invest significant resources in corporate social responsibility (CSR), but their attempts to build a global social brand may clash with the execution of operational strategies at a subsidiary level. Using a game-theoretic model, this research addresses the complex interplay of different contingencies that shape the coordination and control challenges facing MNEs when they implement global CSR strategies, including brand spillovers, the risk of...
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作者：Choudhury, Prithwiraj; Kim, Do Yoon
作者单位：Harvard University
摘要：Research Summary Ethnic migrant inventors may differ from locals in terms of the knowledge they bring to host firms. Using a unique dataset of Chinese and Indian herbal patents filed in the United States, we find that an increase in the supply of first-generation ethnic migrant inventors increases the rate of codification of herbal knowledge at U.S. assignees by 4.5%. Our identification comes from an exogenous shock to the quota of H1B visas and from a list of entities exempted from the shock....
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作者：Durand, Rodolphe; Paugam, Luc; Stolowy, Herve
作者单位：Hautes Etudes Commerciales (HEC) Paris
摘要：Research Summary In this study, we replicate and expand Hawn et al.'s study (Strategic Management Journal, 2018, 39, 949-976) that used Dow Jones Sustainability World Index (DJSI) events to measure variations in firms' Corporate Social Responsibility (CSR)-activism and examined their effect on a firm's stock price. We use DJSI events to capture variations in firms' CSR visibility, holding CSR activism constant by restricting our analyses to CSR-equivalent firms. First, we find similar results ...
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作者：Andrus, Joel L.; Withers, Michael C.; Courtright, Stephen H.; Boivie, Steven
作者单位：University of Missouri System; University of Missouri Columbia; Texas A&M University System; Texas A&M University College Station; Mays Business School
摘要：Research SummaryWhy do top executives leave their firms? Research on executive turnover has either focused on CEO dismissal or on group-level top management team (TMT) departure rates, mostly ignoring individual-level factors that would predict why non-CEO executives exit. Here, we extend the shock perspective of the unfolding model of turnover used in organizational behavior research to show how relational and reputational shocks influence turnover at the executive level. Our sample includes ...
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作者：Piazzai, Michele; Wijnberg, Nachoem M.
作者单位：University of Amsterdam; University of Johannesburg
摘要：Research SummaryGame theory suggests that, in oligopolistic markets characterized by nonprice competition, dominant incumbents can use product proliferation to occupy a region of the product space (i.e., a subspace) and deter rivals from imitating their products. In part, this is because product proliferation makes the introduction of close substitutes comparatively less profitable; in part, it is because the strategy conveys a threat of retaliation to potential imitators. Yet this threat is o...
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作者：de Figueiredo, Rui J. P., Jr.; Feldman, Emilie R.; Rawley, Evan
作者单位：University of California System; University of California Berkeley; University of Pennsylvania; University of Minnesota System; University of Minnesota Twin Cities
摘要：Research Summary: This paper investigates the costs of corporate scope reduction (refocusing). Using data on hedge fund firms that were quasi-exogenously driven to close funds during the 2007-2009 financial crisis, we find evidence that refocusing imposes meaningful economic costs on firms. To better understand the mechanisms behind this result, we disaggregate refocusing costs along two dimensions: the degree of relatedness between the business that was closed and its sister divisions, and th...
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作者：Grimpe, Christoph; Kaiser, Ulrich; Sofka, Wolfgang
作者单位：Copenhagen Business School; University of Zurich; University of Liverpool
摘要：Research Summary: The ability of innovative firms to create and capture value depends on innovations that are quickly and widely adopted. Yet, stakeholder concerns can establish important barriers to diffusion. We study the human capital aspect of this challenge and investigate whether innovative firms pay salary premiums to new hires with work experience from advocacy groups like Transparency International. We integrate strategic human capital with stakeholder theory and suggest that advocacy...
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作者：Chai, Sen; Freeman, Richard B.
作者单位：ESSEC Business School; Harvard University
摘要：Research Summary The flow of knowledge is closely linked to proximity. While extensive works show that long-term geographic proximity affects work behavior, little is known about the effect of short-term colocation, such as conferences. Using participant data at Gordon Research Conferences, we estimate difference-in-differences and instrumental variable models, which show that attendees who have no prior within-conference collaborations are more likely to collaborate with other attendees, and ...
