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When Overconfident CEOs Deliver Higher Returns: Evidence From Acquisition Waves 当过度自信的ceo带来更高的回报:来自收购浪潮的证据
IF 13.5 1区 管理学 Q1 BUSINESS Pub Date : 2026-02-08 DOI: 10.1177/01492063251397362
Jun Xu, Jerayr (John) Haleblian, Guoli Chen, Jamie Yixing Tong
Overconfident CEOs are frequently criticized for making value-destroying corporate acquisitions in which they acquire excessively and overpay for their acquisitions. By contrast, we argue that overconfident CEOs can deliver higher returns in acquisition waves because the motivation and the requirement for action speed that occur in acquisition waves are different from other acquisition contexts. Specifically, we hypothesize and find that overconfident CEOs are more likely to capture preemption opportunities by acting earlier in acquisition waves, and such rapid moves enable overconfident CEOs to achieve higher acquisition returns. In addition, drawing upon organizational learning research, we hypothesize and find that in acquisition waves, pre-wave experience with large and related acquisitions facilitates overconfident CEOs to pursue acquisitions even more quickly during acquisition waves, which further enhances acquisition returns. Contributions to the acquisitions and CEO overconfidence literatures are discussed.
过度自信的首席执行官经常被批评为进行价值破坏的公司收购,在收购中他们过度收购并为收购支付过高的价格。相比之下,我们认为过度自信的ceo在收购浪潮中可以提供更高的回报,因为在收购浪潮中发生的动机和对行动速度的要求不同于其他收购环境。具体来说,我们假设并发现,过度自信的ceo更有可能通过在收购浪潮中采取更早的行动来抓住先发制人的机会,而这种快速的行动使过度自信的ceo能够获得更高的收购回报。此外,根据组织学习研究,我们假设并发现,在收购浪潮中,大型和相关收购的前浪潮经验有助于过度自信的ceo在收购浪潮中更快地追求收购,从而进一步提高收购回报。讨论了对收购和CEO过度自信的贡献。
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引用次数: 0
“I Hold On”: How Country Music Songwriters Cope With the Precarity of Craft Work “我坚持”:乡村音乐词曲作者如何应对工艺工作的不稳定性
IF 13.5 1区 管理学 Q1 BUSINESS Pub Date : 2026-02-01 DOI: 10.1177/01492063251398783
Katrin M. Smolka, Pursey P. M. A. R. Heugens
Careers in creative crafts are perceived to be precarious: workers face constant rejection and receive low and erratic pay. Yet, some creative craft workers handle these challenges better than others. Precarity sometimes subsides as careers progress, and the core-periphery structure that typifies creative craft production systems is navigable. This raises the question of how creative craft workers can cope productively with the precarity of craft work. We research a prominent creative craft worker collective: country music songwriters. Our study captures the voices of 90 creative craft workers, drawing on secondary interviews with 66 songwriters working at the core of Nashville’s highly corporatized country music production system, and 24 operating at its social and spatial periphery. We find that the key to coping with precarity lies in achieving supportive patterns of social embeddedness by investing in primary craft skills, advancing higher-order vocational skills, and navigating the core-periphery structure of the creative craft production system. As apprentice songwriters practice their craft and learn how to organize their songwriting routines, they become increasingly vested in the system. Once they become master songwriters, they broaden their networks by liaising more with other industry stakeholders and engage with the system more reflexively to ensure their continued relevance. Peripheral workers engage in allyship and develop ties with workers positioned at the system’s core. We incorporate these social strategies in a grounded theoretical model capturing how songwriters cope with precarity. We conjecture that elements of the model generalize theoretically towards other corporatized creative craft production systems.
创意手工艺的职业被认为是不稳定的:工人们经常面临拒绝,工资又低又不稳定。然而,一些有创意的工匠比其他人更能应对这些挑战。不稳定性有时会随着职业发展而消退,而典型的创意工艺生产系统的核心-外围结构是可以驾驭的。这就提出了一个问题,即创造性手工艺工人如何有效地应对手工艺工作的不稳定性。我们研究了一个杰出的创造性工艺工人群体:乡村音乐词曲作者。我们的研究通过对66位词曲作者的二次采访,捕捉了90位创意工艺工作者的声音,这些词曲作者在纳什维尔高度公有化的乡村音乐制作系统的核心工作,24位在其社会和空间边缘工作。我们发现,应对不稳定性的关键在于通过投资初级工艺技能、提升高阶职业技能和引导创意工艺生产系统的核心-外围结构,实现社会嵌入的支持模式。作为学徒的词曲作者练习他们的手艺,学习如何组织他们的歌曲创作程序,他们越来越归属于这个系统。一旦他们成为作曲大师,他们就会通过更多地与其他行业利益相关者联系来扩大自己的网络,并更自然地与系统互动,以确保他们的持续相关性。外围工作者与位于系统核心的工作者建立同盟关系并发展联系。我们将这些社会策略整合到一个扎根的理论模型中,以捕捉词曲作者如何应对不稳定性。我们推测,该模型的要素在理论上可以推广到其他公司化的创意工艺生产系统。
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引用次数: 0
Structural Choices at Alliance Formation: Accounting for Partner Asymmetry in Industry Distance 联盟形成的结构选择:考虑产业距离中的伙伴不对称
IF 13.5 1区 管理学 Q1 BUSINESS Pub Date : 2026-01-29 DOI: 10.1177/01492063251410193
Sergio Grove, Brian C. Fox, Rebecca Ranucci, Manjot S. Bhussar, David Souder
Parties in an alliance aim to capture both common and private benefits. As they transfer and jointly create knowledge to generate common gains, differences in private benefits can arise due to asymmetric knowledge spillovers. Our model of alliance structural choices incorporates the alliance itself—the channel through which partner knowledge flows—to reflect the fact that partners and the alliance may operate in different industry contexts. We propose that partners select structural governance mechanisms (equity governance and alliance scope) to enable valuable knowledge flows while protecting themselves from unwanted spillovers. Analyzing a large sample of U.S. alliances from 1985 to 2024, we find that asymmetric distance predicts these governance choices and that it is linked to the simultaneous use of multiple structural safeguards, including equity governance and a narrow alliance scope.
联盟中的各方旨在获得共同利益和私人利益。当他们转移和共同创造知识以产生共同收益时,由于不对称的知识溢出,可能会产生私人利益的差异。我们的联盟结构选择模型包含了联盟本身——合作伙伴知识流动的渠道——以反映合作伙伴和联盟可能在不同的行业环境中运作的事实。我们建议合作伙伴选择结构性治理机制(股权治理和联盟范围),以实现有价值的知识流动,同时保护自己免受不必要的溢出效应。通过对1985年至2024年美国联盟的大样本分析,我们发现,不对称距离预测了这些治理选择,并且它与同时使用多种结构性保障措施有关,包括股权治理和狭窄的联盟范围。
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引用次数: 0
Social Media and Organizations: An Integrative Review and Future Research Directions 社会媒体与组织:综合回顾与未来研究方向
IF 13.5 1区 管理学 Q1 BUSINESS Pub Date : 2026-01-29 DOI: 10.1177/01492063251411873
Niken Putri, Michael Etter, Rhonda K. Reger, Md Ziad Haidar
Social media have fundamentally reshaped how organizations and audiences interact, challenging theoretical assumptions in the management literature. With this integrative literature review, we take stock of a fragmented body of research, based on an analysis of 647 articles across 9 disciplines. Our synthesis identifies three dominant perspectives: an organization-centric perspective that views social media as tools for strategic action; an audience-centric perspective that emphasizes audience empowerment and contestation; and a platform-centric perspective that highlights how platform features and algorithms condition organizational outcomes and audience interactions. Building on these perspectives, we develop an integrative framework of organizational enablement, audience empowerment, and platform mediation that captures how social media extend and redirect established theories. We distill five major research areas—identity and community, social evaluations, corporate social responsibility, false narratives, and organizational outcome drivers—that capture the core themes of management scholarship to date. Our analysis shows how social media distinctiveness—heightened emotionality, many-to-many diffusion, and expanded actor visibility—has generated theoretical extensions while leaving key debates unresolved. We argue that management research must better integrate across perspectives, expand attention to platform mediation, and incorporate insights from related fields. We conclude with a bold future research agenda for researchers who aim to advance theorizing on organization audience relationships in a complex media ecosystem.
社交媒体从根本上重塑了组织和受众的互动方式,挑战了管理学文献中的理论假设。通过这篇综合文献综述,我们基于对9个学科的647篇文章的分析,对零散的研究进行了评估。我们的综合研究确定了三种主要观点:以组织为中心的观点,将社交媒体视为战略行动的工具;以观众为中心的观点,强调观众授权和争论;以及一个以平台为中心的视角,强调平台功能和算法如何影响组织结果和受众互动。在这些观点的基础上,我们开发了一个组织授权、受众授权和平台中介的综合框架,以捕捉社交媒体如何扩展和重定向已建立的理论。我们提炼了五个主要研究领域——身份和社区、社会评估、企业社会责任、虚假叙述和组织结果驱动因素——这些领域捕捉了迄今为止管理学术的核心主题。我们的分析表明,社交媒体的独特性——情绪性的增强、多对多的传播和演员知名度的扩大——产生了理论的延伸,但却没有解决关键的争论。我们认为,管理研究必须更好地整合跨视角,扩大对平台中介的关注,并吸收相关领域的见解。最后,我们为研究人员提出了一个大胆的未来研究议程,旨在推进复杂媒体生态系统中组织受众关系的理论化。
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引用次数: 0
Physical Disability in the Workplace: A Comprehensive Review and Unifying Framework 工作场所的身体残疾:全面检讨和统一框架
IF 13.5 1区 管理学 Q1 BUSINESS Pub Date : 2026-01-22 DOI: 10.1177/01492063251406535
Wyatt E. Lee, Ashley Y. Roccapriore, Franz T. Lohrke, Christopher R. Reutzel
In the United States, more than a quarter of the working-age population experiences physical disabilities that shape workplace participation and career outcomes. Drawing on 168 articles, we synthesize the management literature to develop a unifying framework of focal mechanisms, workplace outcomes, and boundary conditions. In doing so, we offer a clear definition of physical disability, long absent from management research. We also highlight the fragmented theoretical and methodological landscape, in which most studies aggregate disability types, overlooking critical heterogeneity. Our review charts a path forward by identifying key gaps, outlining directions for future scholarship, and emphasizing the need for stronger theoretical grounding and methodological rigor. Finally, we discuss implications for policy and practice, underscoring how greater inclusion of persons with physical disabilities can advance various workplace outcomes.
在美国,超过四分之一的工作年龄人口经历了身体残疾,这影响了工作场所的参与度和职业成果。根据168篇文章,我们综合了管理文献,以建立一个统一的焦点机制、工作场所结果和边界条件的框架。在此过程中,我们提供了一个长期缺乏管理研究的身体残疾的明确定义。我们还强调了支离破碎的理论和方法景观,其中大多数研究汇总了残疾类型,忽视了关键的异质性。我们的综述通过确定关键差距,概述未来学术研究方向,并强调加强理论基础和方法严谨性的必要性,为未来的发展指明了道路。最后,我们讨论了对政策和实践的影响,强调了更多地包容身体残疾人士如何促进各种工作场所的成果。
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引用次数: 0
Custodians at the Crossroads: Managing Change at Institutionally Significant Places 十字路口的监护人:管理制度重要场所的变革
IF 13.5 1区 管理学 Q1 BUSINESS Pub Date : 2026-01-14 DOI: 10.1177/01492063251390855
Helen M. Haugh, Timur Alexandrov, Thomas Roulet
Custodians are integral to institutional maintenance, and instrumental to preserving institutionally significant places. Yet when institutional decline impacts institutionally significant places, we do not know how custodians manage the tensions between preservation efforts aimed at saving these places and the need for adaptation. Using a rich qualitative dataset of interviews with custodians from and participant observation at 26 rural church buildings in England, we examine custodian responses when institutional decline in belief in Christian religion impacts sacred church buildings. We find that in response to experiencing place materiality, relational, and practices tensions, custodians are torn between preserving the institutional role of place and the need to find resources to maintain such places. Custodians manage these tensions by deliberatively evaluating materiality alterations and adopting innovative practices within the bounds of institutional appropriateness and resource constraints. The process we flesh out leads to distinct outcomes: place augmentation, practices augmentation, and, in a few instances, no augmentation. Our model portrays the pathways followed by institutional custodians that are rooted in the tensions they experience between the attachment to the institutional role of place and the need for change in response to institutional decline. Our study contributes to research on custodianship and place by uncovering divergent custodian responses when institutional decline impacts institutionally significant places and place as an institutional carrier and the locus of custodian place work.
保管人是机构维护不可或缺的一部分,也是保护机构重要场所的工具。然而,当制度衰落影响到制度上重要的地方时,我们不知道管理者如何处理旨在拯救这些地方的保护工作与适应需求之间的紧张关系。我们使用丰富的定性数据集,对来自英格兰26个乡村教堂建筑的保管人进行访谈和参与者观察,研究了当基督教信仰的制度性下降影响神圣教堂建筑时保管人的反应。我们发现,为了应对场所的物质性、关系性和实践紧张,管理者在保留场所的制度作用和寻找资源来维护这些场所之间左右为难。管理人员通过审慎地评估实质性变化,并在机构适当性和资源限制的范围内采用创新实践来管理这些紧张关系。我们充实的过程导致了不同的结果:地点增强,实践增强,在少数情况下,没有增强。我们的模型描绘了制度保管人所遵循的路径,这些路径植根于他们对地方制度角色的依恋和对制度衰落的变革需求之间的紧张关系。我们的研究通过揭示当制度衰落影响制度重要场所和场所作为制度载体和托管场所工作场所时,不同的托管反应有助于研究托管和场所。
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引用次数: 0
Firm Growth and Corporate Social Responsibility 企业成长与企业社会责任
IF 13.5 1区 管理学 Q1 BUSINESS Pub Date : 2026-01-01 DOI: 10.1177/01492063251398785
Mark R. DesJardine, Jimi Kim, Pratima Bansal
This paper examines how the rate of firm growth influences corporate social responsibility (CSR). Periods of rapid growth can place substantial financial and managerial demands on firms, requiring leaders to prioritize the allocation of limited resources toward managing expansion. We propose that when firms grow quickly, managers may limit CSR investments—not because they undervalue CSR, but because growth itself consumes financial and attentional capacity. Using 19 years of data from 4,305 firms across 46 countries, we find that faster firm growth is associated with lower levels of CSR activity. This relationship is moderated by firms’ financial and attentional resources: firms with greater financial slack and managerial bandwidth maintain stronger CSR engagement even while growing rapidly. Overall, our results suggest that the relationship between growth and CSR reflects a pragmatic balancing of competing demands.
本文考察了企业成长速度对企业社会责任的影响。快速增长时期会对公司提出大量的财务和管理要求,要求领导者优先分配有限的资源用于管理扩张。我们提出,当企业快速成长时,管理者可能会限制企业社会责任投资——不是因为他们低估了企业社会责任,而是因为成长本身消耗了财务和注意力。利用来自46个国家4305家公司19年的数据,我们发现,企业增长越快,企业社会责任活动水平越低。这种关系受到企业财务资源和注意力资源的调节:财务宽松和管理带宽较大的企业即使在快速增长的情况下也会保持更强的企业社会责任参与。总体而言,我们的研究结果表明,增长与企业社会责任之间的关系反映了竞争需求的务实平衡。
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引用次数: 0
The Glass Is Half Full: A Gendered Model of Illegal Entrepreneurship 玻璃杯是半满的:非法创业的性别模型
IF 13.5 1区 管理学 Q1 BUSINESS Pub Date : 2025-12-31 DOI: 10.1177/01492063251397380
Sarah R. Chase, Dean A. Shepherd, Vinit Parida, Holger Patzelt, Joakim Wincent
Individuals in impoverished communities often face considerable adversity. Under such circumstances, they can turn to illegal entrepreneurship. However, from a gendered perspective, women are typically considered incongruent with the masculinity of crime and entrepreneurship and, thus, illegal entrepreneurship. In this study, we were interested in exploring how women navigate their society’s gender role expectations to engage in illegal entrepreneurship. We adopted a qualitative, inductive approach to explore the cognitive processes through which women entrepreneurs navigate these tensions to manufacture and sell illegal alcohol within their impoverished communities throughout India. Our resulting gendered model of the cognitive processes underlying illegal entrepreneurship in impoverished communities offers new insights into how women entrepreneurs use cognitive carve-outs to navigate potentially conflicting societal expectations regarding gender and entrepreneurial roles. Further, we explore how entrepreneurship is influenced by construals, particularly in contexts of resource scarcity and gendered constraints. Finally, in line with the dark side of entrepreneurship, we shed light on how women can justify to themselves and others entrepreneurial action that, while shielding themselves from immediate personal repercussions, imposes substantial costs on many members of their impoverished communities.
贫困社区的个人往往面临相当大的逆境。在这种情况下,他们可以转向非法创业。然而,从性别角度来看,妇女通常被认为与犯罪和创业的男子气概不符,因此是非法创业。在这项研究中,我们感兴趣的是探索女性如何驾驭社会的性别角色期望,从事非法创业。我们采用了定性、归纳的方法来探索女性企业家在印度各地贫困社区中应对这些紧张局势、制造和销售非法酒精的认知过程。我们由此得出的贫困社区非法创业背后的认知过程的性别模型,为女性企业家如何利用认知分割来驾驭关于性别和创业角色的潜在冲突的社会期望提供了新的见解。此外,我们探讨了企业家精神是如何受到识解的影响的,特别是在资源稀缺和性别限制的背景下。最后,根据创业的阴暗面,我们阐明了妇女如何向自己和他人证明创业行动是合理的,这种行动虽然使她们免受直接的个人影响,但却给贫困社区的许多成员带来了巨大的代价。
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引用次数: 0
Missing Team Dynamics? An Integrative Review of Research on Team Development Over Time 缺少团队动力?长期团队发展研究的综合回顾
IF 13.5 1区 管理学 Q1 BUSINESS Pub Date : 2025-12-31 DOI: 10.1177/01492063251395670
Christina N. Lacerenza, Shannon L. Marlow, Caton Weinberger, Dorothy R. Carter
Theory describing the development, functioning, and performance of work teams emphasizes their dynamic nature. For many years, empirical research on teams has failed to keep pace with theory, impeding understanding of how teamwork unfolds over time and teams as a whole. However, over the past several decades, research examining the onset and functioning of change in teams has significantly increased. Our review distinguishes two primary theoretical perspectives that have dominated the field’s understanding of team development and provides a foundation for integrating both perspectives, which would allow for a more nuanced understanding. With the overarching goal of summarizing findings from this burgeoning literature, we conduct a systematic review of 110 articles (116 studies) that examine team development and teams over time. We synthesize evidence to illustrate how team phenomena (i.e., composition, leadership, emergent states, processes, and outcomes) change over time and interact dynamically with one another. We conclude by offering several high-level critiques of the literature, along with proposed solutions to address these issues. In doing so, we move beyond a general call for more research on team dynamics toward a more precise account of the decisions and considerations that should guide future work. Taken together, our manuscript provides scholars with a detailed account of how teams develop over time, challenging the long-held assumption that there is a dearth of work in this domain, and a foundation to position future work within a more integrated understanding of team development.
描述工作团队的发展、运作和绩效的理论强调他们的动态性。多年来,对团队的实证研究未能跟上理论的步伐,阻碍了对团队合作如何随着时间和团队整体发展的理解。然而,在过去的几十年里,研究团队中变化的开始和功能的研究显著增加。我们的综述区分了两种主要的理论观点,这两种观点主导了该领域对团队发展的理解,并为整合这两种观点提供了基础,这将允许更细致入微的理解。为了总结这些新兴文献的发现,我们对110篇文章(116项研究)进行了系统的回顾,这些文章检查了团队发展和团队的时间。我们综合证据来说明团队现象(即,组成,领导,紧急状态,过程和结果)如何随时间变化并相互动态交互。最后,我们对文献进行了一些高层次的评论,并提出了解决这些问题的解决方案。在这样做的过程中,我们超越了对团队动力学进行更多研究的一般呼吁,转向了对应该指导未来工作的决策和考虑的更精确的描述。综上所述,我们的手稿为学者们提供了团队如何随着时间的推移而发展的详细描述,挑战了长期以来认为该领域缺乏工作的假设,并为在更综合的团队发展理解中定位未来工作奠定了基础。
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引用次数: 0
The Orchestrator’s Dilemma: How Ericsson Strategically Recombined Resource Commitments and Signaling Tactics to Outmaneuver WiMAX 协调者的困境:爱立信如何战略性地重组资源承诺和信令策略以战胜WiMAX
IF 13.5 1区 管理学 Q1 BUSINESS Pub Date : 2025-12-30 DOI: 10.1177/01492063251395674
Saeed Khanagha, Shahzad (Shaz) Ansari, Violina Rindova, Hakan Ozalp
Orchestrators shape ecosystem development by aligning diverse participants while advancing their own competitive agendas. This alignment becomes fragile when a new entrant offers an alternative value proposition that appeals to ecosystem participants but threatens an orchestrator’s position. Whereas prior research highlights the success of new entrants, less is known about how an orchestrator defends its competitive interests and position while addressing expectations of cooperation from ecosystem participants, which we call the “orchestrator’s dilemma.” We investigate these dynamics through a longitudinal study of Ericsson’s responses as Intel attempted to promote WiMAX as an alternative to LTE, Ericsson’s fourth-generation mobile technology. Our analysis shows how Ericsson recombined its substantive resource commitments and signaling tactics to develop three distinct strategic responses—avoiding competition, covert competition, and overt competition—as ecosystem support for the new entrant’s value proposition changed over time. We show how an orchestrator can defend its position against disruptive entrants by decoupling signaling tactics from substantive resource commitments to influence ecosystem dynamics. We contribute by theorizing these dynamic strategic responses as a way to overcome the orchestrator’s dilemma and by highlighting the social aspects of ecosystem alignment and its fragility.
协调者通过协调不同的参与者来塑造生态系统的发展,同时推进他们自己的竞争议程。当一个新进入者提供了另一种价值主张,吸引生态系统参与者,但威胁到协调者的地位时,这种一致性就会变得脆弱。尽管先前的研究强调了新进入者的成功,但对于协调者如何在解决生态系统参与者对合作的期望的同时捍卫其竞争利益和地位,我们称之为“协调者的困境”,我们所知甚少。当英特尔试图推广WiMAX作为爱立信第四代移动技术LTE的替代品时,我们通过对爱立信反应的纵向研究来调查这些动态。我们的分析显示,随着新进入者价值主张的生态系统支持随着时间的推移而发生变化,爱立信如何重组其实质性的资源承诺和信号策略,以制定三种不同的战略应对措施——避免竞争、隐蔽竞争和公开竞争。我们展示了协调者如何通过将信号策略与影响生态系统动态的实质性资源承诺脱钩来捍卫其地位,以抵御破坏性进入者。我们将这些动态战略反应理论化,作为克服协调者困境的一种方式,并强调生态系统一致性及其脆弱性的社会方面。
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引用次数: 0
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