Social science often focuses on organizations, institutions, and phenomena that have become socially or economically important. This can create a population selection bias. Even if one samples all relevant organizations, and not only successful ones, one may selectively sample populations of...

Performance sampling models of duration dependence in employee turnover and firm exit predict that hazard rates will initially be low, gradually rise to a maximum, and then fall. Some empirical duration distributions have bimodal hazard rates, however. In this paper, we present a generalization...

One of the most enduring puzzles in the strategy literature is the negative association between risk and return known as the Bowman paradox. This paper formalizes a model of strategic conduct based on the concept of strategic fit and the heterogeneity of firm strategic capabilities. This model...