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Business Strategy and the Management of Firms

Yang, Mu-Jeung - 2015

secure persistently superior performance via investments in better management and organization. We empirically analyze the … management is driven by two key organizational trade-offs: employee initiative vs. coordination as well as exploration of novel …

Persistent link: https://www.econbiz.de/10012457820

An Anatomy of U.S. Firms Seeking Trademark Registration

Dinlersoz, Emin M. - 2018

This paper reports on the construction of a new dataset that combines data on trademark applications and registrations from the U.S. Patent and Trademark Office with data on firms from the U.S. Census Bureau. The resulting dataset allows tracking of various activity related to trademark use and...

Persistent link: https://www.econbiz.de/10012480691

Managerial Overconfidence and Corporate Policies

Ben-David, Itzhak - 2007

Miscalibration is a standard measure of overconfidence in both psychology and economics. Although it is often used in lab experiments, there is scarcity of evidence about its effects in practice. We test whether top corporate executives are miscalibrated, and whether their miscalibration impacts...

Persistent link: https://www.econbiz.de/10012464935

Are U.S. Companies Too Short-Term Oriented? Some Thoughts

Kaplan, Steven N. - 2017

U.S. companies are often criticized for being overly short-term oriented. This paper documents that those criticisms have a long history, going back at least thirty-five years. The paper then considers the implications of sustained short-termism for corporate profits, venture capital investments...

Persistent link: https://www.econbiz.de/10012455217

Playing Favorites : How Firms Prevent the Revelation of Bad News

Cohen, Lauren - 2013

We explore a subtle but important mechanism through which firms can control information flow to the markets. We find that firms that "cast" their conference calls by disproportionately calling on bullish analysts tend to underperform in the future. Firms that call on more favorable analysts...

Persistent link: https://www.econbiz.de/10012459231

Management and Misallocation in Mexico

Bloom, Nicholas; Iacovone, Leonardo; Pereira-López, Mariana - National Bureau of Economic Research - 2022

We argue that greater misallocation is a key driver of the worse management practices in Mexico compared to the US …. These management practices are strongly associated with higher productivity, growth, trade, and innovation. One indicator of … greater misallocation in Mexico is the weaker size-management relationship compared to the US, particularly in the highly …

Persistent link: https://www.econbiz.de/10012938686

Uncertainty and Change : Survey Evidence of Firms' Subjective Beliefs

Bachmann, Ruediger; Carstensen, Kai; Lautenbacher, Stefan; … - National Bureau of Economic Research - 2021

This paper studies how managers plan under uncertainty. In a new survey panel on German manufacturing firms, we show that uncertainty reflects change: Planning incorporates higher subjective uncertainty about future sales growth when the firm has just experienced unusual growth, and more so if...

Persistent link: https://www.econbiz.de/10012660107

The Effects of Going Public on Firm Performance and Commercialization Strategy : Evidence from International IPOs

Larrain, Borja; Phillips, Gordon M.; Sertsios, Giorgo; … - National Bureau of Economic Research - 2021

We study the effects of going public using a unique panel of firms in 16 European countries for which we observe financial data before and after firms' initial-public-offering (IPO) attempts. We compare firms that complete their IPO with firms that withdraw their IPO. We instrument the going...

Persistent link: https://www.econbiz.de/10012629439

Choosing between Growth and Glory

Belenzon, Sharon - 2018

Prior work has established that the financing environment can impact firm strategy. We argue that this influence can shape the earliest strategic choices of a new venture by creating a potential tradeoff between two objectives: rapid growth and reaping the benefits of a positive reputation...

Persistent link: https://www.econbiz.de/10012480556

Enabling Entrepreneurial Choice

Agrawal, Ajay K. - 2020

Entrepreneurs must choose between alternative strategies for bringing their idea to market. They face uncertainty regarding both the quality of their idea as well as the efficacy of each strategy. While entrepreneurs can reduce this uncertainty by conducting tests, any single test conflates the...

Persistent link: https://www.econbiz.de/10012481574