Long Range Planning最新文献_第5页

Generalizing event studies using synthetic controls: An application to the Dollar Tree–Family Dollar acquisition 利用合成控制来推广事件研究：美元树-家庭美元收购的应用

IF 8.5 2区管理学

Long Range Planning Pub Date : 2024-02-01 DOI: 10.1016/j.lrp.2023.102392

Amirhossein Zohrehvand , Anil R. Doshi , Bart S. Vanneste

{"title":"Generalizing event studies using synthetic controls: An application to the Dollar Tree–Family Dollar acquisition","authors":"Amirhossein Zohrehvand , Anil R. Doshi , Bart S. Vanneste","doi":"10.1016/j.lrp.2023.102392","DOIUrl":"10.1016/j.lrp.2023.102392","url":null,"abstract":"<div><p>Event studies, which have significantly advanced mergers and acquisitions (M&A) research, obtain excess returns based on a <em>theory</em> linking a firm's shareholder returns to those of the market. For outcomes lacking such a theory, we propose an <em>empirical</em> approach using a synthetic control method with machine learning to link outcomes for the acquirer or target to those for a group of comparison firms. We discuss the method's assumptions, its close parallel to event studies, and its difference in weighting comparison firms (based on data versus derived from theory). We provide an illustration of Dollar Tree's acquisition of Family Dollar, by analyzing shareholder returns (to demonstrate consistent results with an event study), realized cost and sales synergies, and customer sentiment (derived from more than 52 million Twitter messages). We highlight this method's potential—for M&A and other areas of strategy research—to open up new lines of inquiry.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 1","pages":"Article 102392"},"PeriodicalIF":8.5,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0024630123000997/pdfft?md5=cc3bfc20d6532f881a8fbc9db374577c&pid=1-s2.0-S0024630123000997-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50164947","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The impact of global city location intensity on MNE performance: Leveraging learning and connectivity 全球城市区位密集度对跨国企业绩效的影响：利用学习和连通性

IF 8.5 2区管理学

Long Range Planning Pub Date : 2024-02-01 DOI: 10.1016/j.lrp.2023.102409

Helen S. Du, Ana Colovic

引用次数: 0

When strategy is a dirty word: The role of visuals in sensegiving strategy to a skeptical audience 当战略成为一个肮脏的字眼：视觉效果在向持怀疑态度的受众传达战略时的作用

IF 8.5 2区管理学

Long Range Planning Pub Date : 2024-02-01 DOI: 10.1016/j.lrp.2023.102411

Antonius van den Broek , Jonathan Gander

{"title":"When strategy is a dirty word: The role of visuals in sensegiving strategy to a skeptical audience","authors":"Antonius van den Broek , Jonathan Gander","doi":"10.1016/j.lrp.2023.102411","DOIUrl":"10.1016/j.lrp.2023.102411","url":null,"abstract":"<div><p>When setting a new strategy for their firm, managers engage in a range of sensegiving activities designed to introduce the new direction and explain the reasons for the change. These communication events commonly involve the use of strategic management terms and concepts to explain and justify the prescribed strategy. Literature thus far assumes that audiences understand and agree that these terms and underlying concepts are appropriate and relevant. Yet such views fail to explain strategy sensegiving in contexts where audiences of strategy presentations are ignorant or skeptical towards strategy concepts and ideas. We examine sensegiving under such conditions by analyzing a manager introducing a new strategy in a creative agency which expressed skepticism towards the concepts and practice of strategizing. Using data from video recordings of a sequence of internal strategy presentations, we identify three strategies designed to overcome prejudice towards strategic thinking while at the same time encouraging its use: winning the right to lead, finding resonance, and enrolling the audience into the strategy. We further find how these three sensegiving strategies are supported by carefully crafted visuals to either emphasize or de-emphasize aspects of the strategy and its supporting rationale. Our findings extend the literature on the practice of strategy by illustrating how the visual supports sensegiving efforts to guide a firm's interpretation of a proposed new strategic direction.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 1","pages":"Article 102411"},"PeriodicalIF":8.5,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0024630123001188/pdfft?md5=cb267ac6f993433a80e879fe638f77a5&pid=1-s2.0-S0024630123001188-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139061477","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

When does time enhance family firm performance? Examining family generation in control and family control dispersion through a mixed-gamble logic 时间什么时候能提高家族企业的业绩？通过混合赌博逻辑考察控制中的家庭生成和家庭控制分散

IF 8.5 2区管理学

Long Range Planning Pub Date : 2024-02-01 DOI: 10.1016/j.lrp.2022.102272

Francesco Chirico , Franz W. Kellermanns

{"title":"When does time enhance family firm performance? Examining family generation in control and family control dispersion through a mixed-gamble logic","authors":"Francesco Chirico , Franz W. Kellermanns","doi":"10.1016/j.lrp.2022.102272","DOIUrl":"10.1016/j.lrp.2022.102272","url":null,"abstract":"<div><p>We investigate the differential effect of time in terms of generation in control of the firm's management on family firm performance to address the call in the literature for a more nuanced treatment of family firms and their performance differences. By drawing on the mixed-gamble logic of the behavioral agency model, our work suggests that the family's socio-emotional wealth (SEW) varies across generations, resulting in complex performance relationships. We theorize and empirically find that earlier-generation family firms protect current SEW and perform increasingly worse while later-generation firms maximize prospective financial wealth and perform increasingly better. Additionally, we argue that high family control dispersion mitigates the negative effect on performance of earlier generations in control and increases the positive effect of later generations in control. Important theoretical and practical contributions emerge from this study.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 1","pages":"Article 102272"},"PeriodicalIF":8.5,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0024630122000917/pdfft?md5=8fdc98aa2f6c673e0fab7b0269f47926&pid=1-s2.0-S0024630122000917-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45719158","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Implications of mergers and acquisitions for information disclosures in earnings calls 并购对盈利电话会议信息披露的影响

IF 8.5 2区管理学

Long Range Planning Pub Date : 2024-02-01 DOI: 10.1016/j.lrp.2023.102393

Roberto Ragozzino , Jeffrey J. Reuer

引用次数: 0

The high-end bias - A decision-maker preference for premium over economy innovations 高端偏好 - 相对于经济型创新，决策者更偏好高端创新

IF 8.5 2区管理学

Long Range Planning Pub Date : 2024-02-01 DOI: 10.1016/j.lrp.2023.102413

Ronny Reinhardt , Sebastian Gurtner , Jake D. Hoskins , Abbie Griffin

{"title":"The high-end bias - A decision-maker preference for premium over economy innovations","authors":"Ronny Reinhardt , Sebastian Gurtner , Jake D. Hoskins , Abbie Griffin","doi":"10.1016/j.lrp.2023.102413","DOIUrl":"10.1016/j.lrp.2023.102413","url":null,"abstract":"<div><p>Deciding which new product concepts to develop is an important strategic management decision. One part of it is to decide whether to develop “premium” products, priced above the average product on the market, or “economy” products, priced lower than the average product on the market. We hypothesize that, ceteris paribus, firms and individual decision makers prefer premium over economy innovation projects. Building on implicit attitude and status discrimination theories, we argue that the origin of the bias lies in the implicit decision-making system of the mind, such that decision-makers inherently prefer premium innovations and that this implicit high-end bias affects their explicit preferences. We use the results from one longitudinal set of archival sales data covering 2312 new product introductions and three experimental studies with decision makers, including practicing managers, to provide evidence for the high-end bias. With these findings, we extend status theory as well as discrimination theory from well researched personnel decisions to managerial decisions about inanimate objects such as product concepts. We further augment literature on low-end innovation by identifying an important constraint for managers and researchers who work on inclusive innovation, frugal innovation, social responsibility, and Base of the Pyramid innovation.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 1","pages":"Article 102413"},"PeriodicalIF":8.5,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0024630123001206/pdfft?md5=eab43b6dbae452c483ad3ac71d7f9629&pid=1-s2.0-S0024630123001206-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139061480","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Intended or unintended strategy? The activities of middle managers in strategy implementation 有意还是无意的战略？中层管理人员在战略实施中的活动

IF 8.5 2区管理学

Long Range Planning Pub Date : 2024-02-01 DOI: 10.1016/j.lrp.2023.102410

Annabel Christie , Esther Tippmann

{"title":"Intended or unintended strategy? The activities of middle managers in strategy implementation","authors":"Annabel Christie , Esther Tippmann","doi":"10.1016/j.lrp.2023.102410","DOIUrl":"10.1016/j.lrp.2023.102410","url":null,"abstract":"<div><p>When top managers task middle managers with implementing strategies, those strategies are often executed in a deviated form, which leads to the creation of unintended strategies. Despite much research on middle managers and their role and behaviors in strategy implementation, there is still only a limited understanding of the implementation activities that result in intended and unintended strategies. Using a strategy-as-practice perspective and interviews with 40 middle managers about 122 strategy implementations, we investigate strategy implementation activities and develop a model of middle manager activities in strategy implementation. We find that seven of the ten activities differ in frequency between intended and unintended strategies. This study extends the strategy implementation literature by conceptualizing a critical link in how different strategy implementation outcomes come about. We also broaden the middle management perspective in strategy by extending the range of activities that explain middle managers’ engagement with strategy and differentiating them across two strategy implementation outcomes.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 1","pages":"Article 102410"},"PeriodicalIF":8.5,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0024630123001176/pdfft?md5=81ae541b4c9dacd023a857e1962ff517&pid=1-s2.0-S0024630123001176-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139061247","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Hitting the ‘reset button’: The role of digital reorientation in successful turnarounds 按下“重置键”:数字重新定位在成功转型中的作用

IF 8.5 2区管理学

Long Range Planning Pub Date : 2024-02-01 DOI: 10.1016/j.lrp.2021.102102

Michael A. Abebe , Chanchai Tangpong , Hermann Ndofor

{"title":"Hitting the ‘reset button’: The role of digital reorientation in successful turnarounds","authors":"Michael A. Abebe , Chanchai Tangpong , Hermann Ndofor","doi":"10.1016/j.lrp.2021.102102","DOIUrl":"10.1016/j.lrp.2021.102102","url":null,"abstract":"<div><p>Seismic shifts in industries brought about by radical technological innovations usually lead to a misalignment between the capabilities of many incumbent firms, the requisites of their new environment, and eventually, organizational decline. The current turnaround literature, while emphasizing operating and strategic responses to organizational decline that focus on efficiency and fine tuning product/market strategy respectively, ignores such organizational decline that requires fundamental reengineering of the whole firm and its value chain. This paper introduces the concept of digital reorientation as a long term turnaround strategy to respond to situations in which a firm's environment has been fundamentally restructured. Digital reorientation is a technology-enabled, simultaneous and multilevel change that transforms the organization's core architecture and the way it serves its customers. We develop a framework to understand this turnaround strategy relative to traditional operational and strategic options and formulate propositions on internal and external contingencies that will likely influence the effectiveness of its implementation. Finally, using the newspaper publishing industry as an example of an environment that has undergone such disruptive change driven by digital technological innovations, we examine how the use of digital reorientation could help declining firms in that industry successfully turnaround their performance.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 1","pages":"Article 102102"},"PeriodicalIF":8.5,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45153252","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Impacts of strategic exploitation and exploration on firms’ survival likelihood after crises: A decision-tree analysis 危机后战略开发与探索对企业生存可能性的影响:决策树分析

IF 8.5 2区管理学

Long Range Planning Pub Date : 2024-02-01 DOI: 10.1016/j.lrp.2023.102374

Christine Chou , Ying-Ho Liu , Kuo-Pin Yang

{"title":"Impacts of strategic exploitation and exploration on firms’ survival likelihood after crises: A decision-tree analysis","authors":"Christine Chou , Ying-Ho Liu , Kuo-Pin Yang","doi":"10.1016/j.lrp.2023.102374","DOIUrl":"10.1016/j.lrp.2023.102374","url":null,"abstract":"<div><p>Whether firms can survive a major crisis is an important question for both researchers and practitioners. Ambidexterity is frequently proposed as a sound strategy to achieve best performance when firms exist in turbulent environments; however, it is unclear whether this effect is sustained in a crisis, especially an internal one. Applying configuration and dynamic capability theories, this study extends the literature and examines this question by investigating how exploitation, exploration, and ambidexterity affect firms’ survival rates after major crises. This study is based on collected annual reports of and financial data on 367 firms that encountered a major crisis over a 21-year period (2000–2020) to provide empirical evidence. We employed a decision-tree analysis method based on text mining. The results show that during a crisis, firms adopting an exploitation strategy have a higher likelihood of survival than those adopting exploration and ambidexterity. Meanwhile, in the high-tech industry, adopting an ambidexterity or an exploitation strategy is better than adopting an exploration strategy. Theoretical and practical implications are provided.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 1","pages":"Article 102374"},"PeriodicalIF":8.5,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48443371","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The governance of gig platform organizations in developing countries 发展中国家千兆平台组织的治理

IF 8.5 2区管理学

Long Range Planning Pub Date : 2024-02-01 DOI: 10.1016/j.lrp.2023.102394

Francesca Ciulli , Ayse Saka-Helmhout

引用次数: 0