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作者：Jiang, Han; Xia, Jun; Cannella, Albert A.; Xiao, Ting
作者单位：University of Arizona; University of Texas System; University of Texas Dallas; Texas A&M University System; Texas A&M University College Station; Mays Business School; Peking University
摘要：Research Summary: This study addresses a theoretical dilemma regarding how alliance network constraint (reflected by network cohesion) affects a firm's alliance formation with new partners. Using a network pluralism approach, we separate a firm's ego alliance network into two activity-based networksan exploratory network and an exploitative networkbased on the primary value chain activity involved in each alliance. We argue that the cohesion of exploratory or exploitative networks has an inver...
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作者：Koch-Bayram, Irmela F.; Wernicke, Georg
作者单位：University of Mannheim; Hautes Etudes Commerciales (HEC) Paris
摘要：Research Summary: We examine the influence of CEOs' military background on financial misconduct using two distinctive datasets. First, we make use of accounting and auditing enforcement releases (AAER) issued by the U.S. Securities and Exchange Commission (SEC), which contain intentional and substantial cases of financial fraud. Second, we use a dataset of lucky grants, which provide a measure of the likelihood of grant dates of CEOs' stock options having been manipulated. Results for both dat...
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作者：Chen, J. S.
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作者：Posen, Hart E.; Leiblein, Michael J.; Chen, John S.
作者单位：University of Wisconsin System; University of Wisconsin Madison; University System of Ohio; Ohio State University; State University System of Florida; University of Florida
摘要：Research Summary: We develop a behavioral theory of real options that relaxes the informational and behavioral assumptions underlying applications of financial options theory to real assets. To do so, we augment real option theory's focus on uncertain future asset values (prospective uncertainty) with feedback learning theory that considers uncertain current asset values (contemporaneous uncertainty). This enables us to incorporate behavioral bias in the feedback learning process underlying th...
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作者：Luo, Jiao; Kaul, Aseem; Seo, Haram
作者单位：University of Minnesota System; University of Minnesota Twin Cities
摘要：Research Summary: We study the use of corporate philanthropy as a form of reputation insurance, developing a formal model of such insurance to examine how the terms of insurance in equilibrium change under different assumptions about the firm and its stakeholders. We then test the predictions from this model in the U.S. petroleum industry and find that philanthropic donations offer insurance-like benefits, but are also positively associated with subsequent oil spills-firms that give more, spil...
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作者：Alvarez-Garrido, Elisa; Guler, Isin
作者单位：University of South Carolina System; University of South Carolina Columbia; University of North Carolina; University of North Carolina Chapel Hill; University of North Carolina School of Medicine
摘要：Research Summary: While recent literature has depicted status as an intangible asset that is firm-specific and mobile, we have a limited understanding of whether status confers advantage in a way similar to other intangible assets. This study examines the macro-structural contingencies that influence the marginal value of firm status as firms expand to new markets. Building on the literatures on status and social approval assets, as well as globalization and international management, we hypoth...
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作者：Bode, Christiane; Singh, Jasjit
作者单位：Bocconi University; INSEAD Business School
摘要：Research Summary: Companies often justify their corporate social initiatives by citing talent management benefits. We examine the extent of, and the reasons for, employee interest in such an initiative in a global management consulting firm. We find a large fraction of employees to be interested in participation in the initiative even when participation requires a personal sacrifice in the form of a salary cut. However, this interest is driven not just by prosocial motivation: Expectations reg...
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作者：Vidal, Elena; Mitchell, Will
作者单位：City University of New York (CUNY) System; Baruch College (CUNY); University of Toronto
摘要：Research summary: Studies of how divestitures affect firm performance offer mixed results. This paper unpacks relationships between divestitures and subsequent performance, focusing first on the moderating role of prior performance and then on mechanisms through which divestitures by higher- and lower-performing firms affect performance. The study suggests that divestitures can exacerbate weakness and reinforce strength: divestitures by lower performers improve profits but inhibit sales growth...
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作者：Vakili, Keyvan; Zhang, Laurina
作者单位：University of London; London Business School; University System of Georgia; Georgia Institute of Technology
摘要：Research Summary: We use a large-sample inductive approach to explore the impact of two social liberalization policies (legalization of same-sex civil unions and medical marijuana) and one anti-liberalization policy (passage of abortion restrictions) on innovation. First, we show that liberalization policies increase state-level patenting, while the anti-liberalization policy reduces patenting. Next, we examine three possible mechanisms that could explain the findings. The results suggest that...
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作者：Makadok, Richard; Burton, Richard; Barney, Jay
作者单位：Purdue University System; Purdue University; Duke University; Utah System of Higher Education; University of Utah
摘要：Rather than introducing radical new grand theory paradigms, most theory contributions in strategic management extend, clarify, or apply received theories in new and interesting ways. Here we offer a guide on how to make these kinds of contributions to theory. Theory usually begins with a research question, which can come from the phenomenon of interest, variations/limitations of existing theory, or intellectual creativity. Along with the question, there are a number of more craftsmanship-level...
