Strategic Management Journal最新文献_第5页

Accentuate the positive? Strategic negativity amid the hazard of high expectations 强调积极？在高期望值的危害中采取战略性消极态度

IF 8.3 1区管理学

Strategic Management Journal Pub Date : 2024-04-09 DOI: 10.1002/smj.3603

Owen N. Parker, Cole E. Short, Varkey K. Titus, Ke Gong, Peter Inho Nahm

{"title":"Accentuate the positive? Strategic negativity amid the hazard of high expectations","authors":"Owen N. Parker, Cole E. Short, Varkey K. Titus, Ke Gong, Peter Inho Nahm","doi":"10.1002/smj.3603","DOIUrl":"https://doi.org/10.1002/smj.3603","url":null,"abstract":"Research SummaryWhile previous organizational impression mnagement (OIM) research focuses on highlighting firms in a favorable light, we explore CEOs' use of “strategic negativity” to manage expectations. We draw on OIM's psychological roots to predict that despite pressure to “be positive,” when CEOs perceive stakeholders are motivated to raise their expectations and have an opportunity to do so, CEOs strategically use negativity to counteract this anticipated expectation increase. We test our predictions on 7330 quarterly earnings calls from 370 publicly traded firms (2008–2019), examining how the “motive” of a positive material earnings surprise and “opportunity” of a new fiscal year jointly increase CEO negativity in prepared remarks. We elaborate the wide applicability of strategic negativity, the “other side” of the OIM phenomenon.Managerial SummaryIn contrast to the prevailing view that CEOs usually “positively spin” the firm's situation to stakeholders, we investigate how CEOs strategically use negativity to counteract stakeholder optimism, provided CEOs perceive expectations are likely to rocket upward. We argue that positive news represents a “motive” and a chance to reflect represents an “opportunity,” and that together they risk raising expectations. Analyzing 7330 quarterly earnings calls of 370 companies (2008–2019), we specifically examined how both (1) a positive earnings surprise and (2) a new fiscal year force CEOs out of their positivity comfort zone and encourage them to be strategically negative in earnings call remarks, to try to lower stakeholder expectations. Our results support this view and pave the way for future research.","PeriodicalId":22023,"journal":{"name":"Strategic Management Journal","volume":"44 1","pages":""},"PeriodicalIF":8.3,"publicationDate":"2024-04-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140586894","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"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

Competing for attention on digital platforms: The case of news outlets 在数字平台上争夺注意力：新闻机构的案例

IF 8.3 1区管理学

Strategic Management Journal Pub Date : 2024-04-05 DOI: 10.1002/smj.3600

Tim Meyer, Anna Kerkhof, Carmelo Cennamo, Tobias Kretschmer

{"title":"Competing for attention on digital platforms: The case of news outlets","authors":"Tim Meyer, Anna Kerkhof, Carmelo Cennamo, Tobias Kretschmer","doi":"10.1002/smj.3600","DOIUrl":"https://doi.org/10.1002/smj.3600","url":null,"abstract":"Research SummaryPlatforms are often assumed to benefit firms, especially smaller ones, by facilitating access to a broader consumer base and increasing visibility. However, this logic relies on platforms” ability to match consumer preferences to complement characteristics. In addition to this matching mechanism, we posit that platforms also broker consumer attention towards complements, which then compete for this attention. We propose that this attention mechanism is particularly prominent in settings where complement characteristics cannot be observed ex‐ante, and argue that complementors' with larger scale and broader scope are better positioned to capture attention than smaller and less broad ones. We formalize and test this intuition in the context of news aggregators, highlighting the significance of complementors' ability to draw attention in evaluating their benefits from platform participation.Managerial SummarySmall firms are often assumed to benefit most from joining a platform to expand their market reach and visibility. However, this will only be the case if the main function of platforms is to match consumer preferences to product characteristics. We argue that platforms also direct attention towards some products at the expense of others on the platform. This “attention mechanism” is particularly important whenever product characteristics cannot be observed prior to consumption, and we propose that in such settings, larger scale and broader scope of products drive attention towards specific firms on the platform. We test these predictions in the context of online news aggregators, which feature news content by newspapers of different sizes and with different range of articles. We find that indeed large and generalist newspapers benefit most from being on a news aggregators, while small and focused newspapers perform better when they are not featured on the news aggregator at all.","PeriodicalId":22023,"journal":{"name":"Strategic Management Journal","volume":"77 1","pages":""},"PeriodicalIF":8.3,"publicationDate":"2024-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140586893","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"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

Porting learning from interdependencies back home: Performance implications of multihoming for complementors in platform ecosystems 把从相互依存关系中学到的知识带回家：多重归宿对平台生态系统中互补者性能的影响

IF 8.3 1区管理学

Strategic Management Journal Pub Date : 2024-04-02 DOI: 10.1002/smj.3601

Francisco Polidoro, Wei Yang

{"title":"Porting learning from interdependencies back home: Performance implications of multihoming for complementors in platform ecosystems","authors":"Francisco Polidoro, Wei Yang","doi":"10.1002/smj.3601","DOIUrl":"https://doi.org/10.1002/smj.3601","url":null,"abstract":"Research SummaryRecognizing the role of complementors in creating value in interdependent platform ecosystems, strategy research has recently started to examine performance heterogeneity across complementors. However, research has thus far focused on the performance implications of dynamics unfolding within a particular ecosystem. We take a step toward exploring influences that arise beyond the focal ecosystem by focusing conceptually on multihoming. We argue that multihoming to another platform produces learning benefits that enhance a complementor's performance on the home platform, especially when dealing with a high level of interdependencies and having greater similarity to other complements. We find supportive evidence in our analysis of open‐source software platforms between 2012 and 2018 and discuss implications for research on platform ecosystems, multihoming, and open‐source software.Managerial SummaryPrior studies viewed multihoming as an important strategy for complementors in platform ecosystems. However, little is known about the extent to which such expansion affects the performance of complementors on their home platforms. This study investigates this issue using data on software package complementors in a variety of platforms housed in GitHub, the world's largest repository of open‐source software. The findings show that following multihoming, a complementor experiences a performance improvement in the home platform even when compared to the performance change observed during the same period for another complementor with similar attributes but that remains in single‐homing. These findings underscore the strategic implications of multihoming as a significant driver of performance heterogeneity across complementors in platform ecosystems.","PeriodicalId":22023,"journal":{"name":"Strategic Management Journal","volume":"44 1","pages":""},"PeriodicalIF":8.3,"publicationDate":"2024-04-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140587066","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"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

A scientific approach to entrepreneurial decision‐making: Large‐scale replication and extension 创业决策的科学方法：大规模复制和推广

IF 8.3 1区管理学

Strategic Management Journal Pub Date : 2024-03-25 DOI: 10.1002/smj.3580

Arnaldo Camuffo, Alfonso Gambardella, Danilo Messinese, Elena Novelli, Emilio Paolucci, Chiara Spina

{"title":"A scientific approach to entrepreneurial decision‐making: Large‐scale replication and extension","authors":"Arnaldo Camuffo, Alfonso Gambardella, Danilo Messinese, Elena Novelli, Emilio Paolucci, Chiara Spina","doi":"10.1002/smj.3580","DOIUrl":"https://doi.org/10.1002/smj.3580","url":null,"abstract":"Research SummaryThis article runs a large‐scale replication of Camuffo and colleagues in 2020, involving 759 firms in four randomized control trials. The larger sample generates novel and more precise insights about the teachability and implications of a scientific approach in entrepreneurship. We observe a positive impact on idea termination and results that are consistent with a nonlinear effect on radical pivots, with treated firms running few over no or repeated pivots. We provide a theoretical interpretation of the empirical results: the scientific approach enhances entrepreneurs' efficiency in searching for viable ideas and raises their methodic doubt because, like scientists, they realize that there may be alternative scenarios from the ones that they theorize.Managerial SummaryThe findings of this article, based on four randomized control trials involving 759 firms, offer new insights into how entrepreneurial practices can benefit from a scientific approach to decision‐making. Key outcomes include an increase in the termination of ideas and a nuanced influence on the tendency to make strategy changes. Specifically, firms that adopted a scientific approach made a few strategic shifts, as opposed to either not changing or constantly changing their strategy. We suggest that this is due to the scientific approach helping entrepreneurs be more efficient when searching for valuable ideas, as well as being more careful in selecting those ideas.","PeriodicalId":22023,"journal":{"name":"Strategic Management Journal","volume":"33 1","pages":""},"PeriodicalIF":8.3,"publicationDate":"2024-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140298466","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"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

Standing on the shoulders of science 站在科学的肩膀上

IF 8.3 1区管理学

Strategic Management Journal Pub Date : 2024-03-25 DOI: 10.1002/smj.3598

Joshua L. Krieger, Monika Schnitzer, Martin Watzinger

{"title":"Standing on the shoulders of science","authors":"Joshua L. Krieger, Monika Schnitzer, Martin Watzinger","doi":"10.1002/smj.3598","DOIUrl":"https://doi.org/10.1002/smj.3598","url":null,"abstract":"Research SummaryToday's innovations rely on scientific discoveries of the past, yet only some corporate R&D builds directly on scientific output. In this article, we analyze U.S. patents to investigate how firms generate value by building on prior art “closer” to science. We show that patent value is decreasing in distance‐to‐science. Overall, we find a science premium within firms ranging from 5.0 to 18.3%. If we allow for firm sorting into different modes of R&D based on their relative advantage, that is, when we do not control for firm fixed effects, we find an even larger science premium: patents building directly on scientific publications are 4.0–42.3% more valuable than patents in the same technology that are not directly based on science.Managerial SummaryBuilding on scientific research allows firms to capture significantly more value from their inventions. By analyzing U.S. patents and their linkages to scientific publications, our paper describes the relationship between invention “proximity” to the scientific literature and public firm valuations—as measured in abnormal stock market returns. Our findings indicate that patents building on science are 5.0–18.3% more valuable. If we account for variations in R&D strategies among firms, the premium becomes even larger, ranging from 4.0 to 42.3%. Further, the results show that the value‐enhancing benefits of integrating scientific insights into R&D are greater for firms with more experience building on science. Together, the results underscore the competitive advantages of using science as a foundation for corporate innovation.","PeriodicalId":22023,"journal":{"name":"Strategic Management Journal","volume":"13 1","pages":""},"PeriodicalIF":8.3,"publicationDate":"2024-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140298506","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"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

Collider bias in strategy and management research: An illustration using women CEO's effect on other women's career outcomes 战略与管理研究中的对撞机偏差：以女性首席执行官对其他女性职业成果的影响为例进行说明

IF 8.3 1区管理学

Strategic Management Journal Pub Date : 2024-03-20 DOI: 10.1002/smj.3588

Justin Frake, Andreas Hagemann, Jose Uribe

{"title":"Collider bias in strategy and management research: An illustration using women CEO's effect on other women's career outcomes","authors":"Justin Frake, Andreas Hagemann, Jose Uribe","doi":"10.1002/smj.3588","DOIUrl":"https://doi.org/10.1002/smj.3588","url":null,"abstract":"Research SummaryCollider bias can cause spurious correlations when researchers condition on a variable that is caused by—or shares a common cause with—both the outcome and the exposure variable. Despite its threat to inference, empirical research in strategy and management has largely overlooked the issue of collider bias. We distinguish colliders from other threats to identification and estimation and illustrate its importance with replications of published work suggesting that having a woman CEO reduces the career outcomes (compensation and representation) of other women executives. After accounting for collider bias, we find no evidence that women CEOs damage the career outcomes of other women in their organizations. We close by providing generalizable approaches to identify and mitigate the risk of collider bias in applied research.Managerial SummaryCollider bias is a type of statistical problem that can generate misleading results in empirical research. Although research in strategy and management has given substantial attention to other types of statistical problems, the issue of collider bias has not received sufficient scrutiny. We illustrate this point with replications of published work suggesting that having a woman CEO reduces the career outcomes of other women executives. After accounting for collider bias, we find no evidence that women CEOs damage the career outcomes of other women in their organizations. We provide advice for detecting and addressing collider bias in empirical research.","PeriodicalId":22023,"journal":{"name":"Strategic Management Journal","volume":"1 1","pages":""},"PeriodicalIF":8.3,"publicationDate":"2024-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140203228","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"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

Interdiscursive struggles: Managing the co-existence of the conventional and open strategy discourse 话语间的斗争：管理传统与开放战略话语的共存

IF 8.3 1区管理学

Strategic Management Journal Pub Date : 2024-03-19 DOI: 10.1002/smj.3599

Theresa Langenmayr, David Seidl, Violetta Splitter

引用次数: 0

How does worker mobility affect business adoption of a new technology? The case of machine learning 员工流动性如何影响企业对新技术的采用？机器学习案例

IF 8.3 1区管理学

Strategic Management Journal Pub Date : 2024-03-10 DOI: 10.1002/smj.3595

Ruyu Chen, Natarajan Balasubramanian, Chris Forman

{"title":"How does worker mobility affect business adoption of a new technology? The case of machine learning","authors":"Ruyu Chen, Natarajan Balasubramanian, Chris Forman","doi":"10.1002/smj.3595","DOIUrl":"https://doi.org/10.1002/smj.3595","url":null,"abstract":"Research SummaryWe investigate how worker mobility influences the adoption of a new technology using state‐level changes to the enforceability of noncompete agreements as an exogenous shock to worker mobility. Using data on over 153,000 establishments from 2010 and 2018, we find that changes that facilitate worker movements are associated with a significant decline in the likelihood of adoption of machine learning. Moreover, we find that the magnitude of decline depends upon the size of the establishment, the extent of predictive analytics adoption in its industry, and the number of large establishments in the same industry‐location. These results are consistent with the view that increases in outward worker mobility increase costs for adoption of a new technology that involves significant downstream investments in the early years of its diffusion.Managerial SummarySuccessful business adoption of new technologies such as machine learning requires skilled workers with experience in implementing those technologies. In the early years of technology diffusion workers in early adopting businesses typically acquire these skills through on‐the‐job learning that is paid for by the adopter. So, if such early adopters face an increased risk of those skilled workers quitting, then their incentives to adopt the technology decrease. We examine this possibility using changes in noncompete enforceability as a proxy for changes in worker mobility and find that the likelihood of adopting machine learning decreases as the risk of worker mobility increases, particularly for larger establishments, establishments in industries where adoption may be more beneficial and in locations with many large competing establishments.","PeriodicalId":22023,"journal":{"name":"Strategic Management Journal","volume":"34 1","pages":""},"PeriodicalIF":8.3,"publicationDate":"2024-03-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140098701","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"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

When do startups scale? Large-scale evidence from job postings 初创企业何时扩大规模？来自招聘信息的大规模证据

IF 8.3 1区管理学

Strategic Management Journal Pub Date : 2024-03-07 DOI: 10.1002/smj.3596

Saerom (Ronnie) Lee, J. Daniel Kim

引用次数: 0

Introducing machine-learning-based data fusion methods for analyzing multimodal data: An application of measuring trustworthiness of microenterprises 引入基于机器学习的数据融合方法来分析多模态数据：测量微型企业可信度的应用

IF 8.3 1区管理学

Strategic Management Journal Pub Date : 2024-03-05 DOI: 10.1002/smj.3597

Xueming Luo, Nan Jia, Erya Ouyang, Zheng Fang

引用次数: 0