Long Range Planning最新文献

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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
{"title":"Implications of mergers and acquisitions for information disclosures in earnings calls","authors":"Roberto Ragozzino ,&nbsp;Jeffrey J. Reuer","doi":"10.1016/j.lrp.2023.102393","DOIUrl":"10.1016/j.lrp.2023.102393","url":null,"abstract":"<div><p>We examine the linkages between firms' M&amp;A activity and the information exchange between executives and analysts during quarterly earnings calls. Prior M&amp;A research has mostly focused on the considerations presented by information asymmetry between buyers and sellers themselves in M&amp;A. However, these concerns also exist between the buying firm's executives and capital markets. We examine whether firms' M&amp;A activity results in an information exchange between executives and analysts that highlights corporate strategy as a discussion topic. Thus, we test whether there is consistency between firms' corporate growth agendas and the information released to the public by these firms. This question is relevant, as disclosure is central to firms' ability to raise capital and compete. We also investigate the degree to which these information exchanges affect analysts' earnings forecast errors.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 1","pages":"Article 102393"},"PeriodicalIF":8.5,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135388584","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 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 ,&nbsp;Sebastian Gurtner ,&nbsp;Jake D. Hoskins ,&nbsp;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 ,&nbsp;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 ,&nbsp;Chanchai Tangpong ,&nbsp;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 ,&nbsp;Ying-Ho Liu ,&nbsp;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
{"title":"The governance of gig platform organizations in developing countries","authors":"Francesca Ciulli ,&nbsp;Ayse Saka-Helmhout","doi":"10.1016/j.lrp.2023.102394","DOIUrl":"10.1016/j.lrp.2023.102394","url":null,"abstract":"<div><p>A fundamental endeavor for a gig platform organization is the governance of its user network, on which value creation and capture critically depend. Despite the global emergence of gig platform organizations, there is little understanding of the local context in which governance decisions are made. To address this, we explore the role of institutional voids in on-demand platform governance in developing countries. By studying ride-hailing platform organizations in sub-Saharan Africa, we conceptualize enabling and coercive governance modes and uncover distinct patterns within to address institutional voids. We discuss the theoretical implications for platform governance research in developing countries.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 1","pages":"Article 102394"},"PeriodicalIF":8.5,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0024630123001012/pdfft?md5=f336096b7a486fb29e518b11d4a2678b&pid=1-s2.0-S0024630123001012-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135588780","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
Resilience in Top Management Teams: Responding to crisis by focusing on the future 高层管理团队的韧性:通过关注未来应对危机
IF 8.5 2区 管理学
Long Range Planning Pub Date : 2024-02-01 DOI: 10.1016/j.lrp.2022.102268
Rebecca Ranucci , Shirley Wang
{"title":"Resilience in Top Management Teams: Responding to crisis by focusing on the future","authors":"Rebecca Ranucci ,&nbsp;Shirley Wang","doi":"10.1016/j.lrp.2022.102268","DOIUrl":"10.1016/j.lrp.2022.102268","url":null,"abstract":"<div><p>When faced with a sudden economic crisis, top managers come under pressure to persist and recover, but such an ability to be resilient depends on the collective response of the top management team (TMT). In particular, we argue that attention towards the future, or future focus, within the TMT influences the organization's resilience in times of crisis. Drawing on a sample of insurance companies during the Global Financial Crisis (GFC), we mined earnings call transcripts to capture future focus for executives and aggregate this variable to the team level. Our results indicate that companies with TMTs high on average future focus, and companies with TMTs low on heterogeneity of future focus are more resilient - experiencing more moderate performance losses during the crisis and a swifter recovery after the crisis. With heightened attention on long-term effects of economic crises, we contribute to scholarship and practice by demonstrating that future focus within executive teams impacts their organization's resilience.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 1","pages":"Article 102268"},"PeriodicalIF":8.5,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41574020","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
How digitalization affects the effectiveness of turnaround actions for firms in decline 数字化如何影响衰退企业扭亏为盈行动的有效性
IF 8.5 2区 管理学
Long Range Planning Pub Date : 2024-02-01 DOI: 10.1016/j.lrp.2021.102140
Jingyi Wang , Tao Bai
{"title":"How digitalization affects the effectiveness of turnaround actions for firms in decline","authors":"Jingyi Wang ,&nbsp;Tao Bai","doi":"10.1016/j.lrp.2021.102140","DOIUrl":"10.1016/j.lrp.2021.102140","url":null,"abstract":"<div><p>We investigate how digitalization influences the effectiveness of retrenchment and strategic actions on firms’ turnaround outcomes after a situation of firm decline. To ensure turnaround actions are effective, declining firms must possess relevant knowledge about how to implement such action. We argue that through digitalization, firms can form a close relationship with key stakeholders in their business ecosystem, which can provide important knowledge to guiding their response actions. More specifically, we argue that different types of digitalization linking firms to different groups of stakeholders allows firms to access knowledge about different types of response actions. Based on a sample of publicly listed small and medium-sized enterprises (SMEs) in China from 2012 to 2019, we find that the internal digitalization has a positive moderating effect on the relationship between asset and cost retrenchments and turnaround performance, and that the external digitalization has a positive moderating effect on the relationship between new product introduction and turnaround performance.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 1","pages":"Article 102140"},"PeriodicalIF":8.5,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46070655","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
Which partners become targets? The role of location in partner acquisitions 哪些合作伙伴成为目标?地点在合作伙伴收购中的作用
IF 8.5 2区 管理学
Long Range Planning Pub Date : 2024-02-01 DOI: 10.1016/j.lrp.2023.102387
Florian Noseleit , Isabel Estrada , Killian McCarthy
{"title":"Which partners become targets? The role of location in partner acquisitions","authors":"Florian Noseleit ,&nbsp;Isabel Estrada ,&nbsp;Killian McCarthy","doi":"10.1016/j.lrp.2023.102387","DOIUrl":"10.1016/j.lrp.2023.102387","url":null,"abstract":"<div><p>This paper seeks to explain how location affects the likelihood of partner acquisition. We develop a novel framework that (i) emphasizes the decoupling between a firm's headquarters and its alliance-making division and their roles regarding alliance management and partner acquisition decisions and (ii) highlights that these decisions are contingent on location-related factors that shape the structural configuration of alliances. Findings from a comprehensive study of 20,165 alliances and 1838 subsequent majority acquisition events reveal that the acquisition likelihood tends to be higher in cross-border alliances than in domestic ones. We further find that increasing national cultural distance between the headquarters of the two partnering organizations attenuates this effect. In contrast, the co-location of the focal firm's alliance-making division and its headquarters further increases the likelihood of acquiring a cross-border partner. We provide a distinct explanation of partner acquisition, placing the interface of location and alliance structure centerstage to explain which alliance partners become acquisition targets. More generally, our findings inform research on strategic decision-making in areas where location is key, such as firm boundary configuration.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 1","pages":"Article 102387"},"PeriodicalIF":8.5,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0024630123000948/pdfft?md5=c6dee727ac974188eb43eb6231df5fdb&pid=1-s2.0-S0024630123000948-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49541687","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
In the eye of the beholder: Stakeholder perceived value in sustainable business models 旁观者眼中:利益相关者对可持续商业模式的感知价值
IF 8.5 2区 管理学
Long Range Planning Pub Date : 2024-02-01 DOI: 10.1016/j.lrp.2023.102406
Simon Norris
{"title":"In the eye of the beholder: Stakeholder perceived value in sustainable business models","authors":"Simon Norris","doi":"10.1016/j.lrp.2023.102406","DOIUrl":"10.1016/j.lrp.2023.102406","url":null,"abstract":"<div><p>The sustainability of business models is commonly determined by their value creation for a wide range of stakeholders. This value is primarily conceptualised through the aggregated macro-level Triple Bottom Line (TBL) dimensions of social, ecological and economic value. However, few business model studies provide an explanation as to why and how stakeholders see such value in a business model. A <em>problematising review</em> reveals a conflation of the TBL macro-level and stakeholder micro-level of analysis, causing ambiguity regarding contents and recipients of value. This paper adopts a <em>perceived value</em> concept based on micro-level insights from recipient-centric (strategic) management to reform the construct of ecological, social and economic value. The relationships between value perceptions, need fulfilment and need satisfiers are analysed based on the characteristics of <em>subjectivity</em> and <em>heterogeneity</em>, <em>one-sidedness</em> and <em>non-linearity</em>, <em>situation-specificity</em> and <em>transience, spill-over, relationality</em> and <em>experientiality</em>, <em>idiosyncrasy</em>, <em>incommensurability</em>, and <em>interdependence</em>. The analysis underscores a value creation theory based on stakeholder perceptions of need fulfilment. It suggests stakeholder value creation can only be understood through the stakeholders whose needs are being satisfied. The suggested distinction between needs and satisfiers remedies their conflation in previous research and enables a discussion of conditions for <em>sustainable</em> stakeholder value creation.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 1","pages":"Article 102406"},"PeriodicalIF":8.5,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0024630123001139/pdfft?md5=f0977a54eb3f1bc160883a3500d02344&pid=1-s2.0-S0024630123001139-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138475725","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
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