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作者：Qian, Cuili; Lu, Louise Y.; Yu, Yangxin
作者单位：University of Texas System; University of Texas Dallas; Australian National University; City University of Hong Kong
摘要：Research summary This study examines the impact of financial analysts on a firm's corporate social performance (CSP). We integrate research on time horizons with stakeholder theory and argue that, in response to short-term pressure from financial analysts, firms and their managers become more short-term focused and limit investment in socially responsible activities. Using broker mergers and closures in the United States as exogenous shocks to analyst coverage and a difference-in-differences r...
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作者：Natarajan, Siddharth; Mahmood, Ishtiaq P.; Mitchell, Will
作者单位：National University of Singapore; University of Toronto
摘要：Research SummaryManagers at multiple levels of a firm influence resource allocation but most research focuses on senior rather than middle managers. We study involvement of middle managers in decision making, focusing on how rewards and controls shape resource allocation. We argue that higher income growth uncertainty (rewards) and lower monitoring (controls) increase resource allocation most strongly when middle managers are more involved in decisions. We test the arguments for ATM and bank b...
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作者：Westphal, James D.; Zhu, David H.
作者单位：University of Michigan System; University of Michigan; University of Michigan System; University of Michigan; Arizona State University; Arizona State University-Tempe
摘要：Research Summary In this study, we reveal a previously unstudied type of board tie that may help firms manage competitive uncertainty. While firms face regulatory barriers to the use of board interlock ties as a strategy for reducing competition, we suggest that firms can circumvent these barriers by appointing the friends of competitors' chief executive officers (CEOs) to their boards. Our theoretical framework addresses the antecedents, maintenance, and performance consequences of such board...
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作者：Gubler, Timothy; Cooper, Ryan
作者单位：University of California System; University of California Riverside; Brigham Young University; University System of Maryland; University of Maryland College Park
摘要：Research summary This article theorizes that social capital produced by social affiliations allows service professionals to gain access to higher-value transactions through increased reputation for trustworthiness, which then aids them in further building reputation and engaging in entrepreneurship. Using a unique approach that pairs Utah residential real estate data with church congregation boundaries, we find that affiliations enable real estate agents to list 14% more expensive homes, and t...
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作者：Meyer-Doyle, Philipp; Lee, Sunkee; Helfat, Constance E.
作者单位：INSEAD Business School; Carnegie Mellon University; Dartmouth College
摘要：Research Summary The acquisition literature has highlighted that both firm-level and manager-level factors shape acquisition outcomes, yet little is known about their relative contribution. We conduct a variance decomposition analysis to explore the contribution of CEO-level versus firm-level factors to acquisition behavior and performance. We also extend the methodology of variance decomposition in strategic management research by employing Poisson multi-level models, and deriving the percent...
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作者：Paik, Yongwook; Kang, Sukhun; Seamans, Robert
作者单位：Korea Advanced Institute of Science & Technology (KAIST); University of London; London Business School; New York University
摘要：Research Summary: With the recent growth of the sharing economy, regulators must frequently strike the right balance between private and public interests to maximize value creation. In this article, we argue that political competition is a critical ingredient that explains whether cities accommodate or ban ridesharing platforms and that this relationship is moderated in more populous cities and in cities with higher unemployment rates. We test our arguments using archival data covering ridesha...
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作者：Wolfolds, Sarah E.; Siegel, Jordan
作者单位：University of Michigan System; University of Michigan
摘要：Research Summary: Strategy research addresses endogeneity by incorporating econometric techniques, including Heckman's two-step method. The economics literature theorizes regarding optimal usage of Heckman's method, emphasizing the valid exclusion condition necessary in the first stage. However, our meta-analysis reveals that only 54 of 165 relevant papers published in the top strategy and organizational theory journals during 1995-2016 claim a valid exclusion restriction. Without this conditi...
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作者：Oldroyd, James B.; Morris, Shad S.; Dotson, Jeffrey P.
作者单位：Brigham Young University; Brigham Young University
摘要：Research Summary Strategic use of codified knowledge across borders can be a vital component for project-based work. Analyzing 237 global consulting projects, we examine the performance effects of drawing upon different types of codified knowledge. We argue and find that using principle-based forms of knowledge is likely to improve a project's customer responsiveness, whereas using template-based knowledge increases a project's cost effectiveness. We also explore what drives project managers t...
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作者：Ethiraj, Sendil K.; Gambardella, Alfonso; Helfat, Constance E.
作者单位：University of London; London Business School; Bocconi University; Dartmouth College
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作者：Alonso, Jose M.; Andrews, Rhys
作者单位：Universidad de Cantabria; Cardiff University
摘要：Research Summary: This study examines the effectiveness of targets as a tool for the contractual governance of cross-sector partnerships. Applying a difference-in-differences methodology, we find that the use of explicit targets within performance contracts is an effective means for improving partnership outcomes, especially where partner diversity and partnership capabilities are high. Furthermore, we find evidence that target intensity is associated with stronger partnership performance. The...
