Long Range Planning最新文献

英文中文

Top management teams hierarchical structures: An exploration of multi-level determinants

IF 7.4 2区管理学 Q1 BUSINESS

Long Range Planning

Pub Date : 2025-02-17 DOI: 10.1016/j.lrp.2025.102515

Aras Can Aktan , Fabrizio Castellucci

Although the role structure of top management teams (TMT) is a relevant topic in strategic leadership research, the hierarchical structure of TMTs still needs to be explored. In this study, we conduct an exploratory analysis to understand better how TMTs are hierarchically structured and what drives different hierarchical configurations across TMTs. Our empirical analysis of 260 Standard & Poor firms between 2007 and 2018 offers unique insights. Primarily, we discover that even though TMT sizes remained constant between the years of observation, they became less hierarchical in structure, meaning that TMTs became relatively flatter. Moreover, we find that several factors related to CEO characteristics, strategic leadership, corporate governance, and firm and environmental conditions drove the changes in the hierarchical structure of TMTs. These combined empirical insights call for nuanced theoretical explanations of TMT hierarchical structures. We contribute to the TMT literature mainly by highlighting the development of different TMT hierarchical structures and providing new insights into their determinants.

尽管高层管理团队（TMT）的角色结构是战略领导力研究中的一个相关主题，但高层管理团队的层级结构仍有待探索。在本研究中，我们进行了一项探索性分析，以更好地了解 TMT 的层级结构，以及是什么驱动了不同 TMT 的不同层级配置。我们对 2007 年至 2018 年间 260 家标准普尔公司的实证分析提供了独特的见解。首先，我们发现，尽管 TMT 的规模在观察年份之间保持不变，但它们在结构上的层级化程度却有所降低，这意味着 TMT 变得相对扁平。此外，我们还发现，与首席执行官特征、战略领导力、公司治理以及公司和环境条件相关的几个因素推动了 TMT 层次结构的变化。综合这些经验见解，我们需要对 TMT 层次结构做出细致入微的理论解释。我们对 TMT 文献的贡献主要在于强调了不同 TMT 层次结构的发展，并对其决定因素提出了新的见解。

引用次数: 0

Executive training as a turning point in strategic renewal processes☆

IF 7.4 2区管理学 Q1 BUSINESS

Long Range Planning

Pub Date : 2025-02-13 DOI: 10.1016/j.lrp.2025.102510

Pasi Nevalainen , Juha-Antti Lamberg , Jarmo Seppälä , Pekka Mattila

Turning points—periods when firms shift their strategic trajectory—are central to the literature on strategic renewal. This study advances theoretical understanding by examining how executive training, a potential component of turning points, serves as a platform for constructing future trajectories. We investigate how such programs catalyze renewal by enabling firms to transition from one historical trajectory to another. Through an in-depth qualitative analysis of corporate archives, we find that the transformative effects of executive training hinge on power dynamics among organizational coalitions and the program's ability to challenge entrenched trajectories while inspiring new possibilities. Executive training creates temporal spaces where envisioning a future strategic direction requires both stigmatizing the existing trajectory and conceptualizing an alternative path forward. These programs are not neutral. Instead, they are shaped by power struggles that influence their content and objectives. Executives can strategically leverage training to steer broader renewal efforts, reframe perceptions of the firm's past, and articulate a vision for its future. In this way, executive training emerges as a critical tool not only for capability development but also for driving fundamental strategic transformations.

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引用次数: 0

From start to stardom: The impact of resource allocation strategies on new venture survival and growth 从起步到成名：资源分配策略对新创企业生存和成长的影响

IF 7.4 2区管理学 Q1 BUSINESS

Long Range Planning

Pub Date : 2025-02-12 DOI: 10.1016/j.lrp.2025.102513

Matteo Cristofaro , Ivo Hristov , Riccardo Cimini , Dan Lovallo

An enduring question in the survival and growth of new ventures literature is why some start-ups secure survival while others fail, and why certain nascent firms achieve rapid growth in the ensuing years while many stagnate. This study investigates how conservative and aggressive resource allocation strategies impact these outcomes. By analyzing 44,559 firm-year observations in Italy from 2011 to 2019, we find that the more aggressive the resource allocation strategies—i.e., allocating a larger share of total assets to non-financial resources—the greater the likelihood of survival in the early phase. The same holds true during the growth phase, where ventures that continue adopting aggressive resource allocation strategies significantly increase their chances of becoming high-growth firms. Additional analysis highlights the critical role of plant, property, and equipment in influencing these outcomes. We also demonstrate that past resource allocation strategies exert a path-dependence effect. This underscores the importance of early-stage decisions in shaping a venture's long-term growth trajectory, as the more aggressive the resource allocation during the survival phase, the higher the likelihood of transitioning into a high-growth firm in later stages.

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引用次数: 0

Persistence in mobile app ecosystems: App longevity via updates and the role of complementor specialization

IF 7.4 2区管理学 Q1 BUSINESS

Long Range Planning

Pub Date : 2025-02-11 DOI: 10.1016/j.lrp.2025.102514

Oleksandr Tsaruk

Digital platform app developers (i.e., complementors) must maintain a high pace of change in their apps to secure their survival in a platform's dynamic competitive context. However, not all app design changes help extend an app's survival time on the platform. Complementors can employ platform-specific competitive logic by updating their apps with new features that utilize network effects, such as introducing connectivity between focal app users and interconnectivity with the users of different apps. To increase our understanding of the effect of app updates on app longevity, I theorize that app updates are competitive technology actions that can employ a winner-take-all competitive logic at the complementor app level if they introduce app features that utilize network effects. Complementor specialization is known to attenuate app longevity. However, this strengthens the positive effect of app updates on app longevity. Support for these hypotheses was found in a panel dataset comprising three million Android applications observed on the Google Play Store. This study contributes to the growing body of research on app level competition on digital platforms by investigating app longevity and the role of complementor specialization. It advances a longevity strategy for complementors' apps by utilizing the network effects in complementors' apps and their specialization.

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引用次数: 0

Time and MNE strategy: Managing temporal misalignments in global value chains

IF 7.4 2区管理学 Q1 BUSINESS

Long Range Planning

Pub Date : 2025-02-08 DOI: 10.1016/j.lrp.2025.102511

Peter J. Buckley , Thomas D. Craig , Ram Mudambi

Multinational enterprises (MNEs) operate in a complex environment characterized by the interplay of macro factors from the external environment and firm-specific micro factors. Both sets of factors have important temporal elements, specifically industry clock speed at the macro level and firm activity duration at the micro level. We argue that the temporal alignment of these factors has a crucial effect on firm performance. We explore the theoretical foundations of this phenomenon and propose the concept of temporal coupling as a mechanism for resolving temporal misalignments. Temporal coupling is defined as the ability of an MNE to effectively synchronize its internal processes with external temporal rhythms. The effective implementation of temporal coupling is a higher-order adaptive capability that provides competitive advantage in global value chain organization.

引用次数: 0

Predicting acquisition specific goodwill write-downs

IF 7.4 2区管理学 Q1 BUSINESS

Long Range Planning

Pub Date : 2025-02-07 DOI: 10.1016/j.lrp.2025.102512

Gonzalo Molina-Sieiro , Steve Lim , David R. King , Michael A. Hitt

When managers anticipate synergy gains from an acquisition, they may pay more for target firm assets than their fair value, creating goodwill on an acquiring firm's balance sheet. If synergy is not subsequently realized and the fair value of goodwill falls below its book value, goodwill write-downs result from annual impairment tests. Managers and investors may be able to avoid value destroying acquisitions if goodwill write-downs can be predicted from information at acquisition completion. We use purchase price allocation information from SEC 10-K filings to evaluate goodwill write-downs of prior acquisitions. For a sample of 421 U.S. acquisitions with a subset of 49 that experienced deal-specific goodwill write-downs, we find that firms acquiring target firms with larger relative size are more likely to experience goodwill write-downs. However, this effect is mitigated when a target firm's value resides in identifiable intangible assets (e.g., brands and patents), suggesting acquirers may have private information about intangible asset combinations. Implications for management research and practice, as well as government policy are discussed.

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引用次数: 0

Boon or bane of open value creation: The impact of business model design and relational trust on competitive advantage

IF 7.4 2区管理学 Q1 BUSINESS

Long Range Planning

Pub Date : 2025-02-02 DOI: 10.1016/j.lrp.2025.102507

Sebastian Brenk , Christian Burmeister , Kathleen Diener , Dirk Lüttgens

Increasing digitization and global interconnectedness provide firms with new opportunities for openness in value creation, generating new sources of competitive advantage. We investigate the competitive advantage of open value creation (OVC) and the influencing role of novelty- and efficiency-oriented business model (BM) designs as unique logics of guiding collaborations to access and utilize external resources for value creation. We further examine the role of trust in such collaborative relationships to navigate the relational uncertainties in boundary-spanning transactions within BMs. Based on a survey study with secondary data triangulation, we investigate how companies gain competitive advantage through OVC by adopting an appropriate BM design and relational governance of trust in partners. Our results prove a positive effect of openness in value creation on competitive advantage while the strength of this positive effect is moderated by the BM design and relational trust. Our paper provides guidance on managing openness in value creation under the divergent designs of BMs and relational trust.

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引用次数: 0

Striving for superiority: A status perspective on the relationship between top management team demographic faultline strength and managerial risk-taking

IF 7.4 2区管理学 Q1 BUSINESS

Long Range Planning

Pub Date : 2025-02-01 DOI: 10.1016/j.lrp.2024.102494

Kaili Li , Renjing Liu , Jiamin Dong

In this study, we seize the prevalent phenomenon that demographic attributes serve as representative indicators of social status, leading to status differences among team members due to demographic dissimilarities. Therefore, we reconsider how top management team (TMT) demographic faultline strength affects managerial risk-taking from a status perspective. We hypothesize that high TMT demographic faultline strength makes status boundaries among subgroups more distinct, increasing TMT members’ status perceptions, status conflict, and motivation to change their current status positions, which in turn stimulate them to take more risks to pursue or maintain high status. Findings from a sample of Chinese listed firms support our hypotheses, demonstrating that TMT demographic faultline strength positively affects managerial risk-taking, and the positive relationship is weakened by state ownership and strengthened by institutional development. Additionally, institutional development weakens the negative moderating effect of state ownership. Theoretical and practical implications are discussed for better managing demographic faultlines and managerial risk-taking.

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引用次数: 0

The multifaceted government influence on CSR activities: CSR decoupling in an emerging market

IF 7.4 2区管理学 Q1 BUSINESS

Long Range Planning

Pub Date : 2025-02-01 DOI: 10.1016/j.lrp.2024.102497

Yu Wang , Jie Ma , Xiaoying Chang , Tienan Wang

Corporate social responsibility (CSR) decoupling — the misalignment between reported and actual CSR performance — represents a significant challenge in emerging markets. While existing research treats government as a monolithic entity in shaping CSR practices, we argue that varying priorities across governmental levels create multiple government demands that systematically affect firms' CSR decoupling behaviors. Drawing upon neo-institutional theory, we examine how administrative hierarchical distance influences CSR decoupling in China’s regionally decentralized authoritarian regime. Using data from Chinese publicly listed companies, we find that greater administrative hierarchical distance increases firms' propensity to engage in CSR decoupling. This relationship is attenuated in regions with more developed institutions and economies. Our study advances neo-institutional theory by demonstrating how vertical complexity within governmental systems shapes organizational responses to institutional pressures. These findings extend our understanding of CSR decoupling in emerging markets by revealing how layered governmental influences, rather than unified governmental pressure, affect firms' CSR practices.

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引用次数: 0

Environmental sustainability–profitability beliefs among firm decision makers: Measurement and consequences 企业决策者的环境可持续性盈利信念：测量和后果

IF 7.4 2区管理学 Q1 BUSINESS

Long Range Planning

Pub Date : 2025-02-01 DOI: 10.1016/j.lrp.2024.102495

David B. Dose , Ronny Reinhardt , Maria Krämer (née Schwabe) , Gianfranco Walsh

Firms face a fundamental and persistent challenge in balancing the tensions between environmental sustainability and profitability, where elements that seem logical individually become contradictory when juxtaposed. Individual decision makers' beliefs about the tensions between environmental sustainability and profitability can shape decision outcomes, offering an intriguing micro-foundation for strategic choices. This article conceptualizes and proposes a scale to measure decision makers' beliefs about the tensions between environmental sustainability and profitability. Across three studies, we develop a reliable, valid, parsimonious 12-item environmental sustainability–profitability beliefs (ESPB) scale. Three further studies demonstrate its ability to predict evaluations of sustainable new product ideas, investment success in markets with different crowdfunding platforms, and information search efforts for sustainable new product ideas. Overall, the findings emphasize the important influence of individual-level beliefs about sustainability and profitability for determining strategic decision outcomes, enhancing the understanding of key micro-foundations of firms’ sustainability practices.

在平衡环境可持续性和盈利能力之间的紧张关系方面，公司面临着一个根本和持久的挑战，其中看似单独合乎逻辑的要素在并列时变得相互矛盾。个体决策者对环境可持续性和盈利能力之间的紧张关系的信念可以影响决策结果，为战略选择提供了一个有趣的微观基础。本文概念化并提出了一个尺度来衡量决策者对环境可持续性和盈利能力之间的紧张关系的信念。在三项研究中，我们开发了一个可靠、有效、简洁的12项环境可持续性-盈利能力信念（ESPB）量表。进一步的三个研究表明，它能够预测可持续新产品创意的评价、不同众筹平台市场的投资成功以及可持续新产品创意的信息搜索努力。总体而言，研究结果强调了个人层面对可持续性和盈利能力的信念对确定战略决策结果的重要影响，增强了对公司可持续性实践的关键微观基础的理解。

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引用次数: 0

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