... commitment to some cultural order because it is felt to be proper and fair ('what acquir... more ... commitment to some cultural order because it is felt to be proper and fair ('what acquired firm's physical and human capital more ... performance measures particularly when reported by the firm's top managers (Nayyar, 1992). ... believed related to organizational performance. ...
Research Methodology in Strategy and Management, 2005
ABSTRACT Given the ubiquity of Internet access in the business world, the question for strategy r... more ABSTRACT Given the ubiquity of Internet access in the business world, the question for strategy researchers is no longer over whether or not Internet surveys are viable, but rather over the comparative advantages and disadvantages of this modality. To address this question, we provide guidelines for researchers to help minimize the challenges while still reaping the benefits. We begin by first defining Internet survey modalities and some of their benefits, and then we focus on the associated sampling challenges and often ways that strategy researchers can address them. To further assist researchers in using this survey modality, we present a comparison of some software packages that might be useful, followed by a discussion of the lessons that we have learned from our own use of Internet surveys.
Roland Calori received his Ph.D. from the University of Aix en Provence in 1983 and joined EM Lyo... more Roland Calori received his Ph.D. from the University of Aix en Provence in 1983 and joined EM Lyon later that same year, where he soon became department head. Later, as the director of research he helped transform that school into one of France’s top schools of commerce. Roland co-authored 5 books and was involved in the writing of over 50
Each year, 10%-15% of major US corporations change their chief executive officers. The majority o... more Each year, 10%-15% of major US corporations change their chief executive officers. The majority of these corporations (80% -85%) select their new CEOs from outside their organizations. Why do they prefer outsiders? Do insiders make better CEOs than do outsiders? Some of the ...
Roland Calori received his Ph.D. from the University of Aix en Provence in 1983 and joined EM Lyo... more Roland Calori received his Ph.D. from the University of Aix en Provence in 1983 and joined EM Lyon later that same year, where he soon became department head. Later, as the director of research he helped transform that school into one of France’s top schools of commerce. Roland co-authored 5 books and was involved in the writing of over 50
Little theoretical attention has been given to divestiture; that is, to the question of why two f... more Little theoretical attention has been given to divestiture; that is, to the question of why two firms that face similar environments make different selling decisions and reap different performance outcomes from a sale. This article proposes a framework of divestiture built around the ...
The primary objective of this paper is to demonstrate the usefulness of an artificial intelligenc... more The primary objective of this paper is to demonstrate the usefulness of an artificial intelligence technique known as neural network analysis as an aid to uncovering the underlying patterns, or trace effects, of national culture. To make our case, we provide an application of the technique's pattern recognition capability utilizing survey data from top executives in French and British firms.
Although traditional adaptive theory implies that poor organizational performance will directly i... more Although traditional adaptive theory implies that poor organizational performance will directly increase the likelihood that an outsider will be selected to succeed a firm's chief executive, we develop theory to suggest that sociopolitical forces, such as the presence or ...
Research about transformational CEOs' impact on firm-level outcomes, particularly corpor... more Research about transformational CEOs' impact on firm-level outcomes, particularly corporate entrepreneurship, has been equivocal, partially because the underlying mechanisms remain largely unexplored. Given that the individuals most closely influenced ...
In valuing any investment project or corporate acquisition, executives must decide what discount ... more In valuing any investment project or corporate acquisition, executives must decide what discount rate to use in their estimates of future cash flows. The traditional approach is to apply the capital asset pricing model (CAPM), which has remained fundamentally unchanged for 40 years. But the formula--in particular, its beta element--has long been a source of frustration. In fact, corporate executives and investment bankers routinely fudge their CAPM estimates, say the authors, because experience and intuition tell them the model produces inappropriate discount rates. CAPM has three main problems: First, beta is a measure of both a stock's correlation and its volatility; second, beta is based on historical data; and third, CAPM rates don't take into account the term of the investment. These factors together result in discount rates that defy common sense. As an alternative to CAPM and its beta element, the authors developed a forward-looking approach to calculating a company&#...
... commitment to some cultural order because it is felt to be proper and fair ('what acquir... more ... commitment to some cultural order because it is felt to be proper and fair ('what acquired firm's physical and human capital more ... performance measures particularly when reported by the firm's top managers (Nayyar, 1992). ... believed related to organizational performance. ...
Research Methodology in Strategy and Management, 2005
ABSTRACT Given the ubiquity of Internet access in the business world, the question for strategy r... more ABSTRACT Given the ubiquity of Internet access in the business world, the question for strategy researchers is no longer over whether or not Internet surveys are viable, but rather over the comparative advantages and disadvantages of this modality. To address this question, we provide guidelines for researchers to help minimize the challenges while still reaping the benefits. We begin by first defining Internet survey modalities and some of their benefits, and then we focus on the associated sampling challenges and often ways that strategy researchers can address them. To further assist researchers in using this survey modality, we present a comparison of some software packages that might be useful, followed by a discussion of the lessons that we have learned from our own use of Internet surveys.
Roland Calori received his Ph.D. from the University of Aix en Provence in 1983 and joined EM Lyo... more Roland Calori received his Ph.D. from the University of Aix en Provence in 1983 and joined EM Lyon later that same year, where he soon became department head. Later, as the director of research he helped transform that school into one of France’s top schools of commerce. Roland co-authored 5 books and was involved in the writing of over 50
Each year, 10%-15% of major US corporations change their chief executive officers. The majority o... more Each year, 10%-15% of major US corporations change their chief executive officers. The majority of these corporations (80% -85%) select their new CEOs from outside their organizations. Why do they prefer outsiders? Do insiders make better CEOs than do outsiders? Some of the ...
Roland Calori received his Ph.D. from the University of Aix en Provence in 1983 and joined EM Lyo... more Roland Calori received his Ph.D. from the University of Aix en Provence in 1983 and joined EM Lyon later that same year, where he soon became department head. Later, as the director of research he helped transform that school into one of France’s top schools of commerce. Roland co-authored 5 books and was involved in the writing of over 50
Little theoretical attention has been given to divestiture; that is, to the question of why two f... more Little theoretical attention has been given to divestiture; that is, to the question of why two firms that face similar environments make different selling decisions and reap different performance outcomes from a sale. This article proposes a framework of divestiture built around the ...
The primary objective of this paper is to demonstrate the usefulness of an artificial intelligenc... more The primary objective of this paper is to demonstrate the usefulness of an artificial intelligence technique known as neural network analysis as an aid to uncovering the underlying patterns, or trace effects, of national culture. To make our case, we provide an application of the technique's pattern recognition capability utilizing survey data from top executives in French and British firms.
Although traditional adaptive theory implies that poor organizational performance will directly i... more Although traditional adaptive theory implies that poor organizational performance will directly increase the likelihood that an outsider will be selected to succeed a firm's chief executive, we develop theory to suggest that sociopolitical forces, such as the presence or ...
Research about transformational CEOs' impact on firm-level outcomes, particularly corpor... more Research about transformational CEOs' impact on firm-level outcomes, particularly corporate entrepreneurship, has been equivocal, partially because the underlying mechanisms remain largely unexplored. Given that the individuals most closely influenced ...
In valuing any investment project or corporate acquisition, executives must decide what discount ... more In valuing any investment project or corporate acquisition, executives must decide what discount rate to use in their estimates of future cash flows. The traditional approach is to apply the capital asset pricing model (CAPM), which has remained fundamentally unchanged for 40 years. But the formula--in particular, its beta element--has long been a source of frustration. In fact, corporate executives and investment bankers routinely fudge their CAPM estimates, say the authors, because experience and intuition tell them the model produces inappropriate discount rates. CAPM has three main problems: First, beta is a measure of both a stock's correlation and its volatility; second, beta is based on historical data; and third, CAPM rates don't take into account the term of the investment. These factors together result in discount rates that defy common sense. As an alternative to CAPM and its beta element, the authors developed a forward-looking approach to calculating a company&#...
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Papers by Michael Lubatkin