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作者：Lyons, Elizabeth; Zhang, Laurina
作者单位：University of California System; University of California San Diego; University System of Georgia; Georgia Institute of Technology
摘要：Research SummaryWe evaluate a technology entrepreneurship training program by comparing career decisions among applicants accepted into the program with unaccepted applicants who are program finalists. We find that program participation is associated with an increased likelihood of subsequent entrepreneurship but that this is not uniform across participants; the estimated relationship between program participation and subsequent entrepreneurial activity is disproportionately lower for applican...
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作者：Chen, Siwen; Feldman, Emilie R.
作者单位：University of Pennsylvania
摘要：Research Summary: This study analyzes how the divestitures that are impelled by activist investors in their campaigns against public corporations affect shareholder value. Using hand-collected data on the activist campaigns that were launched against and the divestitures that were undertaken by Fortune 500 companies between 2007 and 2015, we find that activist-impelled divestitures are more positively associated with immediate and longer-term measures of shareholder value than comparable manag...
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作者：Barney, Jay B.
作者单位：Utah System of Higher Education; University of Utah
摘要：Research Summary: Using arguments derived from transactions cost economics and incomplete contract theory, this article shows that the assumption that shareholders are a firm's only residual claimants is logically inconsistent with resource-based theory's model of profit generation. It follows from this conclusion that resource-based theory's model of profit appropriation must incorporate a stakeholder perspective. Some theoretical and empirical implications of this conclusion for resource-bas...
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作者：Duanmu, Jing-Lin; Bu, Maoliang; Pittman, Russell
作者单位：University of Surrey; Nanjing University
摘要：Research Summary: Departing from the extant literature, which assumes that firms pursue strong environmental performance as a differentiation strategy, we analyze the general relationship between firms' competitive strategy and their response to heightened market competition. We find that, using a large sample of Chinese manufacturing firms between 2000 and 2005, intensified market competition has an overall negative impact on firms' environmental performance. The negative impact is exacerbate...
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作者：MacDonald, Glenn; Ryall, Michael
作者单位：Washington University (WUSTL); University of Toronto
摘要：Research and Managerial Summary: We examine the effect of any new agent on the value captured by an incumbent: e.g., a new rival, a new source of supply, a new customer, etc. Regardless of the new agent's type, entry has two opposing effects on the incumbent's minimum profitability guaranteed by competition. First, is the creation of more economic value. This tends to blunt competition and lowers minimum guaranteed profit. Second, is the potential generation of new productive alternatives for ...
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作者：Kouame, Saoure; Langley, Ann
作者单位：University of Ottawa; Universite de Montreal; HEC Montreal
摘要：Research Summary: A common challenge among qualitative Strategy Process and Strategy-as-Practice scholars concerns the need to link micro-level processes and practices to organizational-level outcomes in order to make their research more managerially relevant. In this methodological article, we explore and evaluate different ways of addressing this challenge. We draw on a corpus of qualitative process and practice studies to develop and illustrate three micro-macro linking strategies associate...
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作者：Garg, Sam; Li, Qiang (John); Shaw, Jason D.
作者单位：Hong Kong University of Science & Technology; Hong Kong Polytechnic University
摘要：Research summary: We examine the consequences of the formalization of the board leadership structure at IPO for board-level turnover. We introduce the concept of director undervaluation. It indicates the degree to which a director's qualifications based on normatively accepted criteria for board leadership are not duly reflected in his/her appointments to the board chair and committee chair positions. We find that the higher the average undervaluation of directors on the board (board undervalu...
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作者：Samba, Codou; Van Knippenberg, Daan; Miller, C. Chet
作者单位：University of Tennessee System; University of Tennessee Knoxville; Drexel University; University of Houston System; University of Houston
摘要：Research summary: Strategic dissent represents divergence in ideas, preferences, and beliefs related to ideal and/or future strategic emphasis. Conventional wisdom in strategic management holds that such differences in managerial cognitions lead to higher-quality strategic decisions, and thus to enhanced firm performance. However, 4 decades of empirical research have not provided consistent findings or clear insights into the effects of strategic dissent. Hence, we analyze the relative validit...
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作者：Eberhart, Robert N.; Eesley, Charles E.
作者单位：Santa Clara University; Stanford University
摘要：Research Summary: Our study shows how institutional intermediaries established to foster the creation of new firms might hinder new firm growth instead. We show that intermediaries can reduce new firm growth rates due to institutional conflict. To analyze this idea, we examine the setting of junior stock exchanges, which are commonly formed to facilitate entrepreneurial growth. The introduction of these exchanges focused investment into new technology firms, reduced investment in other sectors...
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作者：Starr, Evan; Ganco, Martin; Campbell, Benjamin A.
作者单位：University System of Maryland; University of Maryland College Park; University of Wisconsin System; University of Wisconsin Madison; University System of Ohio; Ohio State University
摘要：Research Summary: We develop and test a theory examining how frictions that restrict mobility across industries and frictions constraining mobility within an industry can co-occur to effectively isolate individual human capital, ultimately changing the firm's make-versus-buy decision for human capital. Empirically, we demonstrate that when cross-industry frictions in the form of limited skill transferability and within-industry frictions in the form of noncompete enforceability are both presen...
