Strategic Management Journal

最新文章

• Pawn to Save a Chariot, or Drawbridge Into the Fort? Firms' Disclosure During Standard Setting and Complementary Technologies Within Ecosystems AI翻译
  作者：Toh, Puay Khoon; Miller, Cameron D.
  作者单位：University of Texas System; University of Texas Austin; University of Minnesota System; University of Minnesota Twin Cities
  摘要：Research summary: Within an ecosystem, standard setting coordinates development of complementary technologies across firms. But each firm can itself own multiple of these complementary technologies. We study how a firm's own complementary technologies influence its disclosure inclination during standard setting. We identify a tradeoff: disclosure increases value-creation of the firm's non-disclosed complementary technologies, but also heightens expropriation risk. Using data on the U.S. commun...
• HUMAN CAPITAL MATTERS: MARKET VALUATION OF FIRM INVESTMENTS IN TRAINING AND THE ROLE OF COMPLEMENTARY ASSETS AI翻译
  作者：Riley, Shawn M.; Michael, Steven C.; Mahoney, Joseph T.
  作者单位：Pennsylvania State System of Higher Education (PASSHE); Kutztown University - Pennsylvania; University of Illinois System; University of Illinois Urbana-Champaign
  摘要：Research summary: This article empirically examines the economic value to firms of investing in the training of their employees and firm-level factors that influence how much the firms benefit. Event study methodology is used to obtain a measure of the economic impact of information regarding a firm's human capital management investments and policies. Subsequent regression analyses are then used to test hypotheses regarding possible complementary relationships between firm-level factors and hu...
• DO FOREIGN ENTREPRENEURS BENEFIT THEIR FIRMS AS MANAGERS? AI翻译
  作者：Kulchina, Elena
  作者单位：Duke University
  摘要：Research summary: The entrepreneurship literature has extensively studied an individual's decision to found a new venture, but it has little to say about the individual's choice to operate this venture personally or hire an agent. This decision is particularly challenging for foreign entrepreneurs, who, in addition to traditional factors, such as agency costs and personal preferences, need to take into consideration the benefits and liabilities of foreignness. Using novel data on foreign entre...
• ORGANIZATIONAL KNOWLEDGE NETWORKS AND LOCAL SEARCH: THE ROLE OF INTRA-ORGANIZATIONAL INVENTOR NETWORKS AI翻译
  作者：Paruchuri, Srikanth; Awate, Snehal
  作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; Indian School of Business (ISB)
  摘要：Research summary: While firms tend to build on their own knowledge, we distinguish between depth and breadth of local search to investigate the drivers of these behaviors. Given that inventors in a firm carry out the knowledge creation activities, we strive to identify inventors responsible for these behaviors by employing the notion of an intra-firm inventor network. A longitudinal examination of 14,575 inventors from four large semiconductor firms using patent data supports our hypotheses th...
• Overcoming Institutional Voids: A Reputation-Based View of Long-Run Survival AI翻译
  作者：Gao, Cheng; Zuzul, Tiona; Jones, Geoffrey; Khanna, Tarun
  作者单位：Harvard University; University of London; London Business School; Harvard University
  摘要：Research summary: Emerging markets are characterized by underdeveloped institutions and frequent environmental shifts. Yet, they also contain many firms that have survived over generations. How are firms in weak institutional environments able to persist over time? Motivated by 69 interviews with leaders of emerging market firms with histories spanning generations, we combine induction and deduction to propose reputation as a meta-resource that allows firms to activate their conventional resou...
• DOES A LONG-TERM ORIENTATION CREATE VALUE? EVIDENCE FROM A REGRESSION DISCONTINUITY AI翻译
  作者：Flammer, Caroline; Bansal, Pratima
  作者单位：Boston University; Western University (University of Western Ontario)
  摘要：Research summary: In this paper, we theorize and empirically investigate how a long-term orientation impacts firm value. To study this relationship, we exploit exogenous changes in executives' long-term incentives. Specifically, we examine shareholder proposals on long-term executive compensation that pass or fail by a small margin of votes. The passage of such close call proposals is akin to a random assignment of long-term incentives and hence provides a clean causal estimate. We find that t...
• STRATEGIC PLANNING AS A COMPLEX AND ENABLING MANAGERIAL TOOL AI翻译
  作者：Arend, Richard J.; Zhao, Y. Lisa; Song, Michael; Im, Subin
  作者单位：University of Missouri System; University of Missouri Kansas City; Seattle University; Harbin Institute of Technology; Yonsei University
  摘要：Research summary: The role of the strategic planning process in the ongoing generation of innovative knowledge is vital to the survival and growth of a firm, especially when technologies and market conditions are rapidly changing. We analyze data from a survey of firms in high-technology industries to determine whether it is possible to break the commonly experienced trade-off between strategic planning's positive influence on firm profitability and its negative influence on firm innovation. W...
• Valuing Stakeholder Governance: Property Rights, Community Mobilization, and Firm Value AI翻译
  作者：Dorobantu, Sinziana; Odziemkowska, Kate
  作者单位：New York University; University of Pennsylvania
  摘要：Research summary: While research has shown that good stakeholder relations increase the value of a firm, less is known about how specific types of stakeholder governance affect firm value. We examine the value of one such governance mechanismcommunity benefits agreements (CBAs) signed by firms and local communitiesintended to minimize social conflict that disrupts access to valuable resources. We argue that shareholders evaluate more positively CBAs with local communities with strong property ...
• Strategic NPV: Real Options and Strategic Games under Different Information Structures AI翻译
  作者：Smit, Han T. J.; Trigeorgis, Lenos
  作者单位：Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC; University of Cyprus; University of London; King's College London; Massachusetts Institute of Technology (MIT)
  摘要：Research summary: Among the most difficult firm strategic choices is the trade-off between making a long-term commitment or holding off on investment in the face of uncertainty. To operationalize strategic management theory under demand, technological and competitive uncertainty, we develop a Strategic Net Present Value (NPV) framework that integrates real options and game theory to quantify value components and interactions at the interface between NPV, real options, and strategic games. Our ...
• High-Reputation Firms and Their Differential Acquisition Behaviors AI翻译
  作者：Haleblian, Jerayr J.; Pfarrer, Michael D.; Kiley, Jason T.
  作者单位：University of California System; University of California Riverside; University System of Georgia; University of Georgia; Oklahoma State University System; Oklahoma State University - Stillwater
  摘要：Research summary: Emerging reputation research suggests that high-reputation firms will act to maintain their reputations in the face of high expectations. Yet, this research remains unclear on how high-reputation firms do so. We advance this research by exploring three questions related to high-reputation firms' differential acquisition behaviors: Do high-reputation firms make more acquisitions than similar firms without this distinction? What kind of acquisitions do they make? How do investo...