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Resource Allocation as an Outcropping of Strategic Consistency: Performance Implications
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Similarities in financial resource allocations across the lines of business of diversified firms may indicate corporate strategic consistency, which may lead to superior corporate performance as discussed by the authors. But, as discussed in Section 2.Abstract:
Similarities in financial resource allocations across the lines of business of diversified firms may indicate corporate strategic consistency, which may lead to superior corporate performance. In s...read more
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Who Matters to Ceos? An Investigation of Stakeholder Attributes and Salience, Corpate Performance, and Ceo Values
TL;DR: The authors examined relationships among the stakeholder attributes of power, legitimacy, urgency, and salience; CEO values; and corpo...Using unique data provided by the CEOs of 80 large U.S. firms,
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Trading off between Value Creation and Value Appropriation: The Financial Implications of Shifts in Strategic Emphasis:
Natalie Mizik,Robert Jacobson +1 more
TL;DR: In this article, the authors examine the effect that shifts in strategic emphasis have on stock return and find that the stock market reacts favorably when a firm increases its emphasis on value appropriation relative to value creation, but this effect is moderated by firm and industry characteristics, in particular, financial performance, the past level of strategic emphasis of the firm, and the technological envi...
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Resource complementarity in business combinations: Extending the logic to organizational alliances
TL;DR: In this article, the authors suggest that the existence of complementary resources is a necessary but insufficient condition to achieve synergy, and that the resources must be effectively integrated and managed to realize the synergy.
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Slack resources and firm performance: a meta-analysis☆
TL;DR: This article employed a meta-analysis based on 80 samples from 66 studies (n=54,249) and found evidence of a positive relationship among all three slack types (i.e., available, recoverable, and potential) and financial performance.
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Employment Flexibility and Firm Performance: Examining the Interaction Effects of Employment Mode, Environmental Dynamism, and Technological Intensity:
TL;DR: In this paper, the authors examined the relationship among four types of employment (knowledge-based, job-based and contract-based) and firm performance and found that a greater use of knowledge-based employment and contract work is positively associated with firm performance.
References
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Journal ArticleDOI
Effects of Board and Ownership Structure on Corporate R&D Strategy
TL;DR: This paper examined the extent to which the percentage of outside directors on a corporation's board of directors, the concentration of equity ownership, and the roles of individual and institution directors were influenced by outside directors.
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Diversification, Ricardian rents, and Tobin's q
TL;DR: In this article, the authors develop the corollary that firms that elect to diversify most widely should expect the lowest average rents, with Tobin's q as the measure of rents.
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Research on corporate diversification: A synthesis
TL;DR: In this article, a synthesis of diverse streams of research on diversification is presented with a view to fostering further strategic management research in this area by taking a multi-disciplinary perspective.
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Cultural differences and shareholder value in related mergers: linking equity and human capital
TL;DR: A strong inverse relationship is suggested between perceptions of cultural differences and shareholder gains, after controlling for perceptions of the buying firm's tolerance for multiculturalism and the relative size of the merging firms.
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Diversity, diversification, and profitability among british manufacturing companies, 1972-84
TL;DR: The authors investigated the causal relationships between diversity, diversification, and profitability among 304 large British manufacturing companies that differed in both product and multinational distribution, and found that diversity was correlated with diversification and profitability.