We explore the reactions of securities analysts - as important sources of institutional pressures for firms - to similar strategies undertaken by two different groups of firms responding to a radical technological change. We study the advent of voice over Internet protocol (VoIP) technology in...

Patent data have been widely used in research on technological innovation to characterize firms' locations as well as the proximities among firms in knowledge space. Researchers could measure proximity among firms with a variety of measures based on patent class data, including Euclidean...

Online brand communities can be valuable to firms, but how do firms cultivate such communities? We find that engagement, that is, ‘likes' in response to firm posts, in the online brand community is associated with subsequent growth in the community. We theorize that when individuals engage...

Research in corporate governance has predominantly focused on the moral hazard problem and governance mechanisms that mitigate it. In this conceptual paper, we instead focus on adverse selection as an alternative agency problem, emphasizing well-intentioned managers making strategic choices they...