Combining studies on real options theory and economic short-termism, we propose that, depending on CEOs' career horizons, CEOs will have heterogeneous interests in and incentives to make real options investments. We argue that compared to CEOs with longer career horizons, CEOs with shorter...

Based on researchers’ observations of the degree of relatedness or interdependence in a business combination, most past corporate strategy literature has assumed that managers try to achieve certain goals, i.e. the pursuit of economic synergies. Based on that assumption, theory predicts that...

Firms frequently create executive links between units by transferring or sharing people. Organization theory has emphasized that “boundary-spanning” by people can be a source of innovation and change as these executives combine knowledge from different domains. Within the organization,...

This study examines how MNCs use strategic human capital appointments in the subsidiary executive team to manage tension between effective monitoring and local knowledge utilization when faced with subsidiary environment uncertainty. Using a sample of executives from 75 subsidiaries of 34 U.S....

This paper examines when firms pursue structural realignment through business unit reconfiguration, specifically by recombining business units. Our results refine and extend contingency theory and studies of organization design by drawing on theories of decision avoidance and delay to describe...