Long Range Planning最新文献_第6页

Predicting acquisition specific goodwill write-downs 预测收购特定商誉减记

IF 7.4 2区管理学

Long Range Planning Pub Date : 2025-04-01 Epub Date: 2025-02-07 DOI: 10.1016/j.lrp.2025.102512

Gonzalo Molina-Sieiro , Steve Lim , David R. King , Michael A. Hitt

{"title":"Predicting acquisition specific goodwill write-downs","authors":"Gonzalo Molina-Sieiro , Steve Lim , David R. King , Michael A. Hitt","doi":"10.1016/j.lrp.2025.102512","DOIUrl":"10.1016/j.lrp.2025.102512","url":null,"abstract":"<div><div>When managers anticipate synergy gains from an acquisition, they may pay more for target firm assets than their fair value, creating goodwill on an acquiring firm's balance sheet. If synergy is not subsequently realized and the fair value of goodwill falls below its book value, goodwill write-downs result from annual impairment tests. Managers and investors may be able to avoid value destroying acquisitions if goodwill write-downs can be predicted from information at acquisition completion. We use purchase price allocation information from SEC 10-K filings to evaluate goodwill write-downs of prior acquisitions. For a sample of 421 U.S. acquisitions with a subset of 49 that experienced deal-specific goodwill write-downs, we find that firms acquiring target firms with larger relative size are more likely to experience goodwill write-downs. However, this effect is mitigated when a target firm's value resides in identifiable intangible assets (e.g., brands and patents), suggesting acquirers may have private information about intangible asset combinations. Implications for management research and practice, as well as government policy are discussed.</div></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"58 2","pages":"Article 102512"},"PeriodicalIF":7.4,"publicationDate":"2025-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143376694","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

Boon or bane of open value creation: The impact of business model design and relational trust on competitive advantage 开放价值创造的福与祸：商业模式设计与关系信任对竞争优势的影响

IF 7.4 2区管理学

Long Range Planning Pub Date : 2025-04-01 Epub Date: 2025-02-02 DOI: 10.1016/j.lrp.2025.102507

Sebastian Brenk , Christian Burmeister , Kathleen Diener , Dirk Lüttgens

{"title":"Boon or bane of open value creation: The impact of business model design and relational trust on competitive advantage","authors":"Sebastian Brenk , Christian Burmeister , Kathleen Diener , Dirk Lüttgens","doi":"10.1016/j.lrp.2025.102507","DOIUrl":"10.1016/j.lrp.2025.102507","url":null,"abstract":"<div><div>Increasing digitization and global interconnectedness provide firms with new opportunities for openness in value creation, generating new sources of competitive advantage. We investigate the competitive advantage of open value creation (OVC) and the influencing role of novelty- and efficiency-oriented business model (BM) designs as unique logics of guiding collaborations to access and utilize external resources for value creation. We further examine the role of trust in such collaborative relationships to navigate the relational uncertainties in boundary-spanning transactions within BMs. Based on a survey study with secondary data triangulation, we investigate how companies gain competitive advantage through OVC by adopting an appropriate BM design and relational governance of trust in partners. Our results prove a positive effect of openness in value creation on competitive advantage while the strength of this positive effect is moderated by the BM design and relational trust. Our paper provides guidance on managing openness in value creation under the divergent designs of BMs and relational trust.</div></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"58 2","pages":"Article 102507"},"PeriodicalIF":7.4,"publicationDate":"2025-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143510820","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

Executive training as a turning point in strategic renewal processes☆ 高管培训是战略更新过程中的转折点

IF 7.4 2区管理学

Long Range Planning Pub Date : 2025-04-01 Epub Date: 2025-02-13 DOI: 10.1016/j.lrp.2025.102510

Pasi Nevalainen , Juha-Antti Lamberg , Jarmo Seppälä , Pekka Mattila

{"title":"Executive training as a turning point in strategic renewal processes☆","authors":"Pasi Nevalainen , Juha-Antti Lamberg , Jarmo Seppälä , Pekka Mattila","doi":"10.1016/j.lrp.2025.102510","DOIUrl":"10.1016/j.lrp.2025.102510","url":null,"abstract":"<div><div>Turning points—periods when firms shift their strategic trajectory—are central to the literature on strategic renewal. This study advances theoretical understanding by examining how executive training, a potential component of turning points, serves as a platform for constructing future trajectories. We investigate how such programs catalyze renewal by enabling firms to transition from one historical trajectory to another. Through an in-depth qualitative analysis of corporate archives, we find that the transformative effects of executive training hinge on power dynamics among organizational coalitions and the program's ability to challenge entrenched trajectories while inspiring new possibilities. Executive training creates temporal spaces where envisioning a future strategic direction requires both stigmatizing the existing trajectory and conceptualizing an alternative path forward. These programs are not neutral. Instead, they are shaped by power struggles that influence their content and objectives. Executives can strategically leverage training to steer broader renewal efforts, reframe perceptions of the firm's past, and articulate a vision for its future. In this way, executive training emerges as a critical tool not only for capability development but also for driving fundamental strategic transformations.</div></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"58 2","pages":"Article 102510"},"PeriodicalIF":7.4,"publicationDate":"2025-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143429241","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

From start to stardom: The impact of resource allocation strategies on new venture survival and growth 从起步到成名：资源分配策略对新创企业生存和成长的影响

IF 7.4 2区管理学

Long Range Planning Pub Date : 2025-04-01 Epub Date: 2025-02-12 DOI: 10.1016/j.lrp.2025.102513

Matteo Cristofaro , Ivo Hristov , Riccardo Cimini , Dan Lovallo

{"title":"From start to stardom: The impact of resource allocation strategies on new venture survival and growth","authors":"Matteo Cristofaro , Ivo Hristov , Riccardo Cimini , Dan Lovallo","doi":"10.1016/j.lrp.2025.102513","DOIUrl":"10.1016/j.lrp.2025.102513","url":null,"abstract":"<div><div>An enduring question in the survival and growth of new ventures literature is why some start-ups secure survival while others fail, and why certain nascent firms achieve rapid growth in the ensuing years while many stagnate. This study investigates how conservative and aggressive resource allocation strategies impact these outcomes. By analyzing 44,559 firm-year observations in Italy from 2011 to 2019, we find that the more aggressive the resource allocation strategies—i.e., allocating a larger share of total assets to non-financial resources—the greater the likelihood of survival in the early phase. The same holds true during the growth phase, where ventures that continue adopting aggressive resource allocation strategies significantly increase their chances of becoming high-growth firms. Additional analysis highlights the critical role of plant, property, and equipment in influencing these outcomes. We also demonstrate that past resource allocation strategies exert a path-dependence effect. This underscores the importance of early-stage decisions in shaping a venture's long-term growth trajectory, as the more aggressive the resource allocation during the survival phase, the higher the likelihood of transitioning into a high-growth firm in later stages.</div></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"58 2","pages":"Article 102513"},"PeriodicalIF":7.4,"publicationDate":"2025-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143429396","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

Time and MNE strategy: Managing temporal misalignments in global value chains 时间与跨国公司战略：管理全球价值链中的时间错位

IF 7.4 2区管理学

Long Range Planning Pub Date : 2025-04-01 Epub Date: 2025-02-08 DOI: 10.1016/j.lrp.2025.102511

Peter J. Buckley , Thomas D. Craig , Ram Mudambi

引用次数: 0

Persistence in mobile app ecosystems: App longevity via updates and the role of complementor specialization 移动应用生态系统的持久性：通过更新和互补专业化的作用来延长应用寿命

IF 7.4 2区管理学

Long Range Planning Pub Date : 2025-04-01 Epub Date: 2025-02-11 DOI: 10.1016/j.lrp.2025.102514

Oleksandr Tsaruk

{"title":"Persistence in mobile app ecosystems: App longevity via updates and the role of complementor specialization","authors":"Oleksandr Tsaruk","doi":"10.1016/j.lrp.2025.102514","DOIUrl":"10.1016/j.lrp.2025.102514","url":null,"abstract":"<div><div>Digital platform app developers (i.e., <em>complementors</em>) must maintain a high pace of change in their apps to secure their survival in a platform's dynamic competitive context. However, not all app design changes help extend an app's survival time on the platform. Complementors can employ platform-specific competitive logic by updating their apps with new features that utilize network effects, such as introducing connectivity between focal app users and interconnectivity with the users of different apps. To increase our understanding of the effect of app updates on app longevity, I theorize that app updates are competitive technology actions that can employ a winner-take-all competitive logic at the complementor app level if they introduce app features that utilize network effects. Complementor specialization is known to attenuate app longevity. However, this strengthens the positive effect of app updates on app longevity. Support for these hypotheses was found in a panel dataset comprising three million Android applications observed on the Google Play Store. This study contributes to the growing body of research on app level competition on digital platforms by investigating app longevity and the role of complementor specialization. It advances a longevity strategy for complementors' apps by utilizing the network effects in complementors' apps and their specialization.</div></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"58 2","pages":"Article 102514"},"PeriodicalIF":7.4,"publicationDate":"2025-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143510825","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

Opening the black box of transition towards a sustainable business model 打开向可持续商业模式过渡的黑箱

IF 7.4 2区管理学

Long Range Planning Pub Date : 2025-04-01 Epub Date: 2025-01-20 DOI: 10.1016/j.lrp.2025.102499

Irina Atkova , Tamara Galkina , Man Yang , Tiina Leposky , Petri Ahokangas

引用次数: 0

Towards a deeper understanding of performance variance in the context of business groups: A multilevel analysis at the business unit level 更深入地理解业务组上下文中的性能差异：业务单元级别的多层次分析

IF 7.4 2区管理学

Long Range Planning Pub Date : 2025-04-01 Epub Date: 2025-01-24 DOI: 10.1016/j.lrp.2025.102508

Sarada Devi Gadepalli , Arindam Mondal , Somnath Lahiri , Sougata Ray

引用次数: 0

Inward internationalization and cross border acquisitions by emerging economy multinational enterprises: The moderating role of family and institutional ownership 新兴经济体跨国企业的内向国际化和跨境收购：家族所有权和机构所有权的调节作用

IF 7.4 2区管理学

Long Range Planning Pub Date : 2025-02-01 Epub Date: 2024-11-16 DOI: 10.1016/j.lrp.2024.102486

Sharmistha Chowdhury , Revti Raman Sharma , Yang Yu

{"title":"Inward internationalization and cross border acquisitions by emerging economy multinational enterprises: The moderating role of family and institutional ownership","authors":"Sharmistha Chowdhury , Revti Raman Sharma , Yang Yu","doi":"10.1016/j.lrp.2024.102486","DOIUrl":"10.1016/j.lrp.2024.102486","url":null,"abstract":"<div><div>Mergers and acquisitions are a complex and persistent global phenomenon. Theoretical cross-fertilization enhances our understanding of their behavior, especially in different contexts. We use organizational learning theory and institutional logic perspective to hypothesize the direct effect of inward internationalization, the negative moderating effect of family ownership and domestic institutional ownership, and the positive moderating effect of foreign institutional ownership on cross-border acquisitions (CBAs) by emerging economy multinational enterprises (MNEs). Based on data from 199 Indian MNEs over nine years consisting of an unbalanced panel with 1619 observations, our findings supported all the hypotheses except the moderating effects of domestic institutional ownership. Our findings explain that the impact of learning from inward internationalization on CBAs is not similar for all firms; rather, it depends upon ownership groups because of their institutional logic. We have proposed socioemotional wealth logic for family ownership, cautious fosterer logic for domestic institutional ownership, and yield maximizer logic for foreign institutional ownership. Our findings enhance our understanding of firms’ CBA behavior by utilizing theoretical cross-fertilization and examining CBAs in an emerging economy context.</div></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"58 1","pages":"Article 102486"},"PeriodicalIF":7.4,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142696385","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

Striving for superiority: A status perspective on the relationship between top management team demographic faultline strength and managerial risk-taking 追求优势：高层管理团队人口断层强度与管理风险关系的地位视角

IF 7.4 2区管理学

Long Range Planning Pub Date : 2025-02-01 Epub Date: 2024-12-05 DOI: 10.1016/j.lrp.2024.102494

Kaili Li , Renjing Liu , Jiamin Dong

{"title":"Striving for superiority: A status perspective on the relationship between top management team demographic faultline strength and managerial risk-taking","authors":"Kaili Li , Renjing Liu , Jiamin Dong","doi":"10.1016/j.lrp.2024.102494","DOIUrl":"10.1016/j.lrp.2024.102494","url":null,"abstract":"<div><div>In this study, we seize the prevalent phenomenon that demographic attributes serve as representative indicators of social status, leading to status differences among team members due to demographic dissimilarities. Therefore, we reconsider how top management team (TMT) demographic faultline strength affects managerial risk-taking from a status perspective. We hypothesize that high TMT demographic faultline strength makes status boundaries among subgroups more distinct, increasing TMT members’ status perceptions, status conflict, and motivation to change their current status positions, which in turn stimulate them to take more risks to pursue or maintain high status. Findings from a sample of Chinese listed firms support our hypotheses, demonstrating that TMT demographic faultline strength positively affects managerial risk-taking, and the positive relationship is weakened by state ownership and strengthened by institutional development. Additionally, institutional development weakens the negative moderating effect of state ownership. Theoretical and practical implications are discussed for better managing demographic faultlines and managerial risk-taking.</div></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"58 1","pages":"Article 102494"},"PeriodicalIF":7.4,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143162465","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