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作者：Lee, Kyeong Hun
作者单位：Norwegian School of Economics (NHH)
摘要：Research Summary: This article exploits a natural experiment to estimate the causal effect of political uncertainty on bargaining outcomes in cross-border acquisitions. We argue that political uncertainty alters the relative bargaining power between acquiring versus target firms. The host country's political uncertainty makes the returns on cross-border acquisitions more unpredictable. Accordingly, foreign acquirers demand compensation for such uncertainty in negotiations, otherwise they will ...
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作者：Moreira, Solon; Markus, Arjan; Laursen, Keld
作者单位：University of Navarra; IESE Business School; Tilburg University; Copenhagen Business School; Norwegian University of Science & Technology (NTNU)
摘要：Research Summary: We combine the absorptive capacity and social network theory approaches to predict how intrafirm whole network characteristics affect the firm's speed of absorption of external knowledge to produce inventions. We start from the widely accepted view that distant, externally-developed knowledge is difficult to absorb into the focal firm's own knowledge production. We suggest that high levels of intrafirm inventor task network diversity and task network density are essential for...
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作者：Kalnins, Arturs
作者单位：University of Iowa
摘要：Research Summary: In multivariate regression analyses of correlated variables, we sometimes observe pairs of estimated beta coefficients large in absolute magnitude and opposite in sign. T-statistics are also large, suggesting meaningful findings. I found 64 recently published Strategic Management Journal articles with results exhibiting these characteristics. In this article, I demonstrate that such results may be Type 1 errors (false positives): If regressors are correlated via an unobservab...
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作者：Calabro, Andrea; Minichilli, Alessandro; Amore, Mario Daniele; Brogi, Marina
作者单位：IPAG Business School; Witten Herdecke University; Bocconi University; Bocconi University; Bocconi University; Bocconi University; Sapienza University Rome
摘要：Research Summary: Building on a unique data set with information on the nuclear structure of entrepreneurial families, we integrate leadership succession into a socioemotional wealth (SEW) logic to test the antecedents and consequences of primogeniture vis-a-vis second- or subsequent-born selection in family firm succession. Our findings suggest that appointing a family firstborn sibling is more likely when there is a high degree of SEW endowment and the family firm has pre-succession performa...
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作者：Bel, Roland
作者单位：Kedge Business School
摘要：Research Summary: This article proposes a formal organizational economics approach to strategic management. Using a Property Rights Theory (PRT) framework, it rationalizes and provides a constructive contribution to two of the main strategy theories: the Resource-Based View (RBV) and Porter Generic Strategies (PGS). The article shows that the welfare maximizing PRT conditions that characterize the existence and boundaries of a firm parallel both the RBV and Porter conditions for a sustainable ...
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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
摘要：Strategic Management Journal (SMJ) seeks to publish high-quality theoretical research on a regular basis. By publishing theoretical research, SMJ advances the field of strategic management through insights and analyses that make sense of business phenomena and prior research findings, and provide a foundation for new research.
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作者：Postrel, Steven
作者单位：University of California System; University of California Irvine
摘要：Research Summary: Strategy needs an intermediate measure of competitive strength easily linked to management choices. Competitive advantage fails to accomplish this because most formulations of it violate important criteria and because these formulations are so diverse. I show that one intermediate measure, transaction surplus superiority (TSS), potentially solves both problems. Critically, TSS is defined independently of prices and its usefulness is independent of the degree of price competit...
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作者：Pek, Simon; Oh, Chang Hoon; Rivera, Jorge
作者单位：University of Victoria; Simon Fraser University; George Washington University
摘要：Research Summary: We investigate how industrial disasters can discourage FDI and how MNCs' technological, safety management, and philanthropic capabilities can moderate these effects. Using two unique panel data sets of entry and expansion of U.S. wholly-owned manufacturing subsidiaries overseas, we found that industrial disasters are associated with reduced foreign entry of wholly-owned subsidiaries in the disaster industry, but not for all firms in the host country experiencing the disaster....
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作者：Arslan, Birgul
作者单位：Koc University
摘要：Building on game theory and the transaction costs paradigm, this paper systematically examines the interplay between competitive and cooperative behavior and its effect on differential benefits in alliances. Cooperative behavior leads to joint value creation that yields common benefits, while competitive behavior is linked with value appropriation resulting in private benefits. Differential benefits arise when partners extract private benefits. Yet, private benefit extraction depends on the as...
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作者：Makarevich, Alex
作者单位：Universitat Ramon Llull; Escuela Superior de Administracion y Direccion de Empresas (ESADE)
摘要：This study draws on the performance feedback theory to advance a behavioral perspective on the dynamics of cooperation among competitors in venture capital (VC) syndicates. Analyzing VC syndicates over a 33-year period, I find that firms' performance relative to historical and social aspirations acts as a switch in firms' behavior with respect to dual goals of cooperation and competition in syndicates with competitors. Competition among firms in a syndicate negatively affects the probability o...
