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作者：Roy, Raja; Cohen, Susan K.
作者单位：Northeastern Illinois University; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh
摘要：Research summary: We investigate the effect of incumbents' stock of downstream complementary assets on their product innovation during a disruptive technological change. We theorize that a firm's stock of downstream complementary assets, by providing critical information about shifting demand conditions, will play a catalytic role in firm adaptation during such a change. Using the advent of disruptive computer numerical control machine tools in the U.S. machine tool industry during the 1970s a...
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作者：Shi, Wei; Connelly, Brian L.; Hoskisson, Robert E.
作者单位：Indiana University System; Indiana University Indianapolis; IU Kelley School of Business; Auburn University System; Auburn University; Rice University
摘要：Research summary: Agency theory suggests that external governance mechanisms (e.g., activist owners, the market for corporate control, securities analysts) can deter managers from acting opportunistically. Using cognitive evaluation theory, we argue that powerful expectations imposed by external governance can impinge on top managers' feelings of autonomy and crowd out their intrinsic motivation, potentially leading to financial fraud. Our findings indicate that external pressure from activist...
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作者：Li, Haiyang; Yi, Xiwei; Cui, Geng
作者单位：Rice University; Peking University; Lingnan University
摘要：Research summary: In this study we examine how an emerging market firm's inward international activities (inward activities) are related to its outward international activities (outward activities) by focusing on the role of the firm's gain from its inward activities. On the one hand, drawing upon the organizational learning perspective, we propose that a firm's gain from inward activities may facilitate its outward activities through improving its resource fungibility. On the other hand, we d...
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作者：Wang, Heli; Zhao, Shan; Chen, Guoli
作者单位：Singapore Management University; Grenoble Ecole Management; INSEAD Business School
摘要：Research summary: We argue that firms with greater specificity in knowledge structure need to both encourage their CEOs to stay so that they make investments with a long-term perspective, and provide job securities to the CEOs so that they are less concerned about the risk of being dismissed. Accordingly, we found empirical evidence that specificity in firm knowledge assets is positively associated with the use of restricted stocks in CEO compensation design (indicating the effort of CEO reten...
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作者：Chin, M. K.; Semadeni, Matthew
作者单位：Indiana University System; IU Kelley School of Business; Indiana University Bloomington; Arizona State University; Arizona State University-Tempe
摘要：Research summary: We examine the influence of CEO and compensation committee liberalism on top management teams (TMT) pay arrangements. Given that politically liberal individuals tend to value egalitarianism, we test whether firms with liberal CEOs tend to (1) reduce pay dispersion among non-CEO executives; and (2) reduce pay gaps between CEO and non-CEO executives, and whether compensation committee liberalism moderates these relationships. We find some evidence of a direct effect of CEO libe...
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作者：Shipilov, Andrew; Godart, Frederic C.; Clement, Julien
作者单位：INSEAD Business School
摘要：Research summary: Losing key employees to competitors allows an organization to engage in external boundary-spanning activities. It may benefit the organization through access to external knowledge, but may also increase the risks of leaking knowledge to competitors. We propose that the destination of departed employees is a crucial contingency: benefits or risks only materialize when employees leave for competitors that differ from the focal organization along significant dimensions, such as ...
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作者：Zhou, Yue Maggie; Wan, Xiang
作者单位：University of Michigan System; University of Michigan; University System of Ohio; Ohio State University
摘要：Research summary: In vertical relationships, the potential for scale economy in manufacturing often calls for specialization and outsourcing. Specialization, however, depends critically on the stability of the task and contractual environment. In a highly uncertain environment, the need for frequent mutual adjustments favors integration instead of outsourcing. To evaluate vertical relationships in value chains where one stage competes on product variety under great uncertainty and the other st...
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作者：Krause, Ryan
作者单位：Texas Christian University
摘要：Research summary: Scholars have traditionally conceptualized board leadership as a dichotomous construct. A combined CEO and board chair position is interpreted as reflecting a more collaborative approach to corporate governance, whereas separate positions are interpreted as ensuring greater board control. I challenge this conceptualization and posit that a separate board chair can be oriented toward collaboration as well as-or in place of-control. I analyze newly available data from corporate...
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作者：Wassmer, Ulrich; Li, Sali; Madhok, Anoop
作者单位：emlyon business school; University of South Carolina System; University of South Carolina Columbia; York University - Canada
摘要：Research summary: Partner resources can be an important alternative to internal firm resources for attaining dual and seemingly incompatible strategic objectives. We extend arguments about managing conflicting objectives typically made at the firm level to the level of a firm's alliance portfolio. Specifically, will a balance between revenue enhancement and cost reduction attained collectively through partner resources accessed via a firm's various alliances be similarly beneficial for firm pe...
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作者：Panico, Claudio
作者单位：Bocconi University; Bocconi University
摘要：Research summary: This article studies strategic interactions between firms that form alliances to exploit synergistic benefits. Firms cooperate to create value, but they can also compete to capture value. Fundamental questions rarely addressed by strategy scholars relate to how the configuration of control over resources influences firms' strategies, the potential for termination, and the emergence of cooperation and trust. The formal results reveal crucial aspects of the interorganizational ...
