This study analyzes how the divestitures that are impelled by activist investors in their campaigns against public corporations affect shareholder value. …Read More
Activist-Impelled Divestitures and Shareholder Value
Evolving and Leading for Innovation
Imprinting and Early Exposure to Developed International Markets: The Case of the New Multinationals
Previous research has analyzed the imprinting effect associated with the firm’s international expansion without considering the full range of differences between home and host countries. These differences are important because, depending on the development gap, and the direction of the difference, learning opportunities and the possibility of upgrading firm’s capabilities will be vastly different. …Read More
Modeling the Diffusion of Complex Innovations as a Process of Opinion Formation through Social Networks
Complex innovations – ideas, practices, and technologies that hold uncertain benefits for potential adopters — often vary in their ability to diffuse in different communities over time. To explain why, I develop a model of innovation adoption in which agents engage in naïve (DeGroot) learning about the value of an innovation within their social networks.…Read More
Scope versus Speed: Team Diversity, Leader Experience, and Patenting Outcomes for Firms
How does the organization of patenting activity affect a firm’s patenting outcomes? We investigate how the composition of patenting teams relates to both the scope of their patent applications and the speed with which their patents are approved. …Read More
Offline Showrooms in Omni-channel Retail: Demand and Operational Benefits
Omni-channel environments where customers can shop online and offline at the same retailer are increasingly ubiquitous. Furthermore, the presence of both channels has important implications for customer demand and operational issues such as product returns.…Read More
Information Technology, Organizational Delayering, and Firm Productivity: Evidence from Canadian Microdata
This proposal explores how information technology and innovation in digitization affect organizational structure. Similar to earlier wave of IT adoption that substituted certain routine tasks, we plan to use the Workplace and Employee Survey from Canada to show that this new wave digitization and IT investments can induce a structural change in organizational hierarchies that differ from prior technologies. …Read More
IP Litigation Is Local, But Those Who Litigate Are Global
The importance of managing intellectual property (IP) on a global basis has been widely acknowledged by scholars and practitioners alike. However, we still have limited understanding of how multinational enterprises (MNEs) choose where to file for IP protection and where they exercise their IP rights through litigation. …Read More
Competition–Cooperation Interplay during Multifirm Technology Coordination: The Effect of Firm Heterogeneity on Conflict and Consensus in a Technology Standards Organization
We examine how competitive tensions and cooperative motivations together shape firms’ interactions and group‐level outcomes during technology coordination activities in multifirm settings. …Read More
Investing in Innovation and CEO Termination
I examine how investing in innovation affects CEO termination. Theory argues that firms investing in innovation will reduce their propensity to terminate their CEOs to encourage risk taking and long-term thinking.…Read More
Skilled Immigration and Firm-Level Innovation: The U.S. H-1B Lottery
The growth of the global technology industry drives the migration of skilled labor towards countries like the United States that can utilize it, but the U.S. limits the immigration of skilled workers that are employed domestically by U.S. firms. Proponents argue skilled immigration allows firms to access technical skills that unavailable domestically and promote innovation, but there is little evidence of whether this firm-level effect exists.…Read More
The Impact of e-Visits on Visit Frequencies and Patient Health: Evidence from Primary Care
Secure messaging, or “e-visits,” between patients and providers has sharply increased in recent years, and many hope they will help improve healthcare quality, while increasing provider capacity. Using a panel data set from a large healthcare system in the United States, we find that e-visits trigger about 6% more office visits, with mixed results on phone visits and patient health.…Read More
Networks and Innovation: Accounting for Structural and Institutional Sources of Recombination in Brokerage Triads
Research linking interorganizational networks to innovation has focused on spanning structural boundaries as a means of knowledge recombination. Increasingly, firms also partner across institutional boundaries (countries, industries, technologies) in their search for new knowledge.…Read More
Inequality Aversion When the Reward is Scarce: The Case of Salary vs. Equity Compensation
Do workers have different equality preferences depending on the type of payoff? In many firms, the distribution of equity compensation is more equal than the distribution of salary. We design an experimental group production game to examine how workers respond to combinations of different distributions of equity and salary.…Read More
Confrontation or Collaboration: The Role of Social Movements in Firm-Level Innovation
The past decade has witnessed an explosion in research at the intersection of markets and social movements, with an increasing acknowledgment of social movements as key drivers of change in organizations and markets. Social movements create new products and markets, change practices in existing organizations, and can have profound impacts on the commercialization of innovation. …Read More
From Invention to Innovation: A Multi-Study Investigation of Firm Strategy and Outcomes in Clinical Trials
The translation of invention to innovation is a topic that has received significant research attention in recent times. Scholars have recognized that our understanding of the factors that shape whether and when innovative technologies arise and transform industries cannot be complete without comprehending how scientific or technological discovery evolves into commercial adoption. …Read More
Make Room! Make Room! A Note on Sequential Spinoffs and Acquisitions
In this study, we identify a novel pattern of deal-making activity—spinoffs followed by acquisitions—that has yet to be analyzed in the corporate strategy literature. We present a set of descriptive results showing that firms undertake spinoffs followed by acquisitions at a rate that is too high to be attributable to random chance.…Read More
The Role of Surge Pricing on a Service Platform with Self-Scheduling Capacity
Recent platforms, like Uber and Lyft, offer service to consumers via “self-scheduling” providers who decide for themselves how often to work. These platforms may charge consumers prices and pay providers wages that both adjust based on prevailing demand conditions. …Read More
The International Configurations of US Multinational Corporations
This paper explores how key insights from highly cited and well-used frameworks that describe the strategies and structures of MNCs are reflected in the international configurations of US MNCs. I perform a cluster analysis on a comprehensive and confidential database that covers the population of US MNCs.…Read More
Building a More Intelligent Enterprise
Businesses must develop a sustainable competitive edge in order to succeed in the long run. One way to achieve this is by leveraging technology-enabled insights with a sophisticated understanding of decision making, judgment, and reasoning to make smarter decisions in the face of uncertainty.…Read More
How to Build Resilience in the Face of Disruption
Knowing both how and when to embrace disruption is key to your organization’s long-term success. Wharton’s Rahul Kapoor offers key steps managers can take.…Read More