The Decline of Science in Corporate R&D

by SMJ Associate Editor, Olivier Chatain (HEC Paris) Arora A, Belenzon S, Patacconi A. The decline of science in corporate R&D. Strat Mgmt J. 2017;1–30. https://doi.org/10.1002/smj.2693 http://onlinelibrary.wiley.com/doi/10.1002/smj.2693/full The topic and the findings of this paper are of interest to anyone who wants to know about the role of firms in the production of scientific knowledge and innovation. Moreover, this paper is a good example of work in strategy that seeks to establish important stylized facts. Moreover, this paper could also be seen as contributing to the debate about whether science is harder to develop than before as suggested by Robert Gordon … Continue reading The Decline of Science in Corporate R&D

“Caught in the Crossfire”: MNCs in Armed Conflict Zones

by Charlie Williams   Civil war and violent social conflict drove headlines around the world in 2016 with conflict in Syria, the Mediterranean refugee crisis, and the backlash to immigration taking center stage across Europe and the US. But citizens are not the only actors who have to choose whether to flee or persist when armed conflict hits a country. “Caught in the Crossfire”, a forthcoming paper in SMJ by Li Dai, Lorraine Eden, and Paul Beamish, studies how multinational companies react to armed conflict. While armed conflict has fallen dramatically since 1990, the scholars document that the number of ongoing … Continue reading “Caught in the Crossfire”: MNCs in Armed Conflict Zones

Research Chatter 8: The Urban Revival

by Charlie Williams   Downtowns and cities are hot. But if we look at it carefully, is this more than an anecdotal trend? Strategy has a long history of studying location effects for business. What will the urban revival mean for businesses and strategy? We discuss recent research on the geography of work and entrepreneurship. Research cited in the discussion: Couture and Handbury 2015. “Urban Revival in America, 2000 to 2010”. Working paper, November 2015. paper link Edlund, Machado, and Sviatschi 2015. “Bright Minds Big Rent: Gentrification and the Rising Returns to Skill.” IZA working paper, November 2015. paper link Guzman, J. … Continue reading Research Chatter 8: The Urban Revival

Research Chatter 6: Experimental Capitalism

by Charlie Williams   In this episode we discuss Steven Klepper’s new book, Experimental Capitalism. The book synthesizes Klepper’s wide-ranging industry studies to examine the origins and impact of US high tech industries. Where did some of America’s greatest industries come from and why did they falter? What was the role of government in fostering them? We talk about insights from the book for entrepreneurs, for policymakers, and for researchers. Continue reading Research Chatter 6: Experimental Capitalism

Research Chatter 5: Is Corporate Social Responsibility for Real?

by Charlie Williams   Corporate Social Responsibility (CSR) is one of the hottest topics in classrooms and boardrooms around the world. But do we really know that companies that “do good” also “do well”? And are companies actually making real social impact with all of these heavily-publicized initiatives? In this episode of Research Chatter, we review cutting edge work on CSR that is generating new insights about these questions and identifying the mechanisms by which social responsibility can lead to better financial performance. Research cited in the discussion: 1. Flammer C. 2015. Does Corporate Social Responsibility Lead to Superior Financial Performance? A Regression Discontinuity Approach. … Continue reading Research Chatter 5: Is Corporate Social Responsibility for Real?