This paper uses real options theories to examine how two types of uncertainty influence Corporate Social Responsibility (CSR) (sometimes operationalized as Environmental, Social, and Governance (ESG)) activities, based on these activities’ unique features of enhancing revenue growth and...

We provide a theory of when relatedness will encourage both diversifying entry and post-entry exit. Our formal model reveals two channels through which resource sharing in combination with firm capabilities affects diversifying entry and post-entry exit. Facing business opportunities in a new...

Existing studies suggest that platform access restrictions may cause restricted complementors to switch to competing platforms, which will increase complement quantity on competing platforms. We re-examine this prediction by accounting for the impact of economies of scope on complementor...

Firms face considerable uncertainty in their regulatory environment, including uncertainty regarding whether and how newly passed policies will be implemented, especially in federated government structures. Although firms can wait until the uncertainty is resolved, they will also lose a...

We examine the role of firm strategy in the global effort to combat pollution. We find that U.S. plants release less toxic emissions when their parent firm imports more from low-wage countries (LWCs). Consistent with the Pollution Haven Hypothesis, goods imported by U.S. firms from LWCs are in...

This paper examines how incumbent firms' market positions and interdependencies across their submarkets influence their responses to entry threats. We adapt a model of capacity deterrence to show that because premium and low-cost incumbents face different demand functions and operating costs,...

We examine the effect of firm ownership status on three environmentally relevant variables: energy efficiency, toxic emissions and spending on pollution abatement. Prior research has demonstrated that public firms invest less than private firms and suggests this difference is due pressure from...