Supply-side inducements and resource redeployment in multiunit firms

IF 6.5 1区 管理学 Q1 BUSINESS Strategic Management Journal Pub Date : 2023-12-14 DOI:10.1002/smj.3573
Jasmina Chauvin, Christopher Poliquin
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Abstract

We examine to what extent and when multiunit firms internally redeploy managers between units. While theory has emphasized how changes in demand conditions affect redeployment, we argue that optimal internal resource allocation involves consideration of both demand and each unit's resource supply. We formalize this argument, showing how redeployment arises from “supply-side inducements”—return advantages in new over existing resource uses resulting from changes in resource supply. Empirical tests using manager deaths as an exogenous, supply-side shock to firms' resource stocks support our arguments, showing that firms frequently redeploy resources away from better-endowed and toward negatively affected units. Incorporating supply-side inducements into redeployment theory implies additional value-creation opportunities from redeployment and carries novel predictions for the direction of intra-firm resource flows.
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供应方诱因与多单位企业的资源重新配置
我们考察了多单元企业在多大程度上以及何时在各单元之间重新部署管理人员。虽然理论强调需求条件的变化如何影响再配置,但我们认为,最优内部资源配置包括考虑需求和每个单位的资源供应。我们将这一论点形式化,展示了重新部署是如何从“供给侧诱因”中产生的——资源供应变化导致的新资源使用比现有资源使用的回报优势。将管理者死亡作为企业资源存量的外生供给侧冲击的实证检验支持了我们的观点,表明企业经常将资源从资源较好的部门重新配置到受到负面影响的部门。将供给侧诱因纳入再部署理论意味着从再部署中获得额外的价值创造机会,并对企业内部资源流动的方向进行了新的预测。
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来源期刊
CiteScore
13.70
自引率
8.40%
发文量
109
期刊介绍: At the Strategic Management Journal, we are committed to publishing top-tier research that addresses key questions in the field of strategic management and captivates scholars in this area. Our publication welcomes manuscripts covering a wide range of topics, perspectives, and research methodologies. As a result, our editorial decisions truly embrace the diversity inherent in the field.
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