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作者：Levine, Sheen S.; Bernard, Mark; Nagel, Rosemarie
作者单位：University of Texas System; University of Texas Dallas; Pompeu Fabra University; ICREA
摘要：Research summary: Pursuing sources of entrepreneurial and competitive advantage, researchers have been exploring cognition. We examine how cognitive capabilities affect competitive performance, drawing on two constructs rooted in psychology and economics. A familiar one is analytic skill, the ability to solve abstract problems. To that, we add strategic intelligence the ability to anticipate competitors' behavior and preempt it. Using incentivized experiments, we measure the constructs in part...
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作者：Wei, Jiuchang; Ouyang, Zhe; Chen, Haipeng (Allan)
作者单位：Chinese Academy of Sciences; University of Science & Technology of China, CAS; Texas A&M University System; Texas A&M University College Station; Mays Business School
摘要：We study how two dimensions of reputation (i.e., generalized favorability and being known) and attribution of crisis responsibility affect firm value at the onset of a crisis. Analyzing 126 corporate crises befalling publicly listed firms in China from 2008 to 2014, we find that generalized favorability serves as a buffer; while being known can be a burden, in influencing firm value. We also find that the buffering effect of generalized favorability is stronger when the attribution of crisis r...
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作者：Hubbard, Timothy D.; Christensen, Dane M.; Graffin, Scott D.
作者单位：University of Notre Dame; University of Oregon; University System of Georgia; University of Georgia
摘要：Research summary: Investing a firm's resources in corporate social responsibility (CSR) initiatives remains a contentious issue. While research suggests firm financial performance is the primary driver of CEO dismissal, we propose that CSR will provide important additional context when interpreting a firm's financial performance. Consistent with this prediction, our results suggest that past CSR decisions amplify the negative relationship between financial performance and CEO dismissal. Specif...
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作者：Sakhartov, Arkadiy V.
作者单位：University of Pennsylvania
摘要：Research summary: The dominant view has been that businesses that are more related to each other are more often combined within diversified firms. This study uses a dynamic model to demonstrate that, with inter-temporal economies of scope, diversified firms are more likely to combine moderately related businesses than the most-related businesses. That effect occurs because strong relatedness reduces redeployment costs and makes firms redeploy all resources to better performing businesses. The ...
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作者：Hoisl, Karin; Gruber, Marc; Conti, Annamaria
作者单位：University of Mannheim; Copenhagen Business School; Swiss Federal Institutes of Technology Domain; Ecole Polytechnique Federale de Lausanne; University System of Georgia; Georgia Institute of Technology
摘要：Research summary: This article examines the effects of an R&D team's composition on its performance outcomes in hypercompetition. The fundamental feature of firms in hypercompetitive settings is that they are constantly challenged to improve their competitiveness in a relentless race to outperform one another. Analyzing a unique data set from the Formula 1 motorsport racing industry, we find an inverse U-shaped relationship between team diversity in task-related experience and performance an i...
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作者：Fitza, Markus A.
作者单位：Texas A&M University System; Texas A&M University College Station; Mays Business School; Frankfurt School Finance & Management; University of Newcastle
摘要：How much of the variance in firm performance can be attributed to CEOs? This question has been the focus of a long debate in management research. In a recent study, I showed that a large portion of the performance differences that are often attributed to CEOs might in fact be due to chance. In a recent article, Quigley and Graffin argue that my conclusions can be avoided if more advanced methodological approaches are applied. Here I show that this is not the case, in fact if more realistic ass...
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作者：Jia, Nan; Mayer, Kyle J.
作者单位：University of Southern California
摘要：Research summary: We examine the relationship between the geographic concentration of a firm's sales and the firm's vulnerability to expropriation hazards. Although expanding outside the home location can initially increase a firm's exposure to government expropriation, we find that this effect reverses when a firm's sales outside its home location have reached a point at which it has sufficient resources to better influence government actions and to pose a credible threat to exit the market i...
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作者：Mackey, Tyson B.; Barney, Jay B.; Dotson, Jeffrey P.
作者单位：Utah System of Higher Education; University of Utah; Brigham Young University
摘要：Research summary: Prior theory suggests that the performance effects of a firm's diversification strategy depend on a firm's individual resources and capabilities and the setting within which it is operating. However, prior tests of this theory have examined the average diversification-performance relationship across all firms, instead of estimating the diversification-performance relationship at the individual firm level. Efforts to estimate this average relationship are inconsistent with a c...
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作者：Madsen, Tammy L.; Walker, Gordon
作者单位：Santa Clara University; Southern Methodist University
摘要：Research summary: Juxtaposing competing theories of whether superior profits endure, this article investigates differences in the rates at which firms' profit advantages persist following a significant regulatory change in the rules governing industry competition. Such a change creates two cohorts of firms, Entrants that lack experience in the industry and Incumbents that competed in the industry before the regulatory shift. The findings show that both cohorts' profit advantages persist, but a...
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作者：Klingebiel, Ronald; Joseph, John
作者单位：Frankfurt School Finance & Management; University of California System; University of California Irvine
