Journal ArticleDOI
Resource Allocation as an Outcropping of Strategic Consistency: Performance Implications
TLDR
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,
Journal ArticleDOI
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...
Journal ArticleDOI
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.
Journal ArticleDOI
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.
Journal ArticleDOI
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
Performance differences in related and unrelated diversified firms
TL;DR: Two regression models of performance suggest that research and development expenditures are an important determinant in the performance advantage enjoyed by related diversified firms.
Journal ArticleDOI
Diversification Strategy and R&D Intensity in Multiproduct Firms
TL;DR: In this article, the authors provide empirical evidence that choice of diversification strategy systematically affects R&D intensity in large multiproduct firms, and find that diversification strategies systematically affect research and development intensity in dominant companies.
Journal ArticleDOI
Antecedents and Performance Outcomes of Diversification: A Review and Critique of Theoretical Perspectives
TL;DR: In this article, three theoretical perspectives summarize diversification antecedents and performance outcomes and provide different explanations of antecedent resources and incentives that encourage (or discourage) diversification.
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Corporate distinctive competence, strategy, industry and performance
Michael A. Hitt,R. Duane Ireland +1 more
TL;DR: Corporate distinctive competencies may facilitate effective management of interdependencies among multiple units and vary according to the grand strategy used and the firm's principal industry.
Journal ArticleDOI
Effects Of Acquisitions on R&D Inputs and Outputs
TL;DR: The authors pointed out that making acquisitions, although a popular strategy, may not always lead to positive firm performance, and offered several explanations for this relationship, including that acquisitions may not necessarily lead to better performance.