TY - CONF T1 - Re-examining Constraints And Ventures' Learning: The Case Of Business Accelerator Programs T2 - Frontiers of Entrepreneurship Research Y1 - 2021 A1 - Gerasymenko,Violetta A1 - Cho,Sam Yul A1 - Arthurs,Jonathan A1 - Choi,Yohan KW - Strategy & Entrepreneurship JA - Frontiers of Entrepreneurship Research U2 - b U4 - 233704155136 ID - 233704155136 ER - TY - JOUR T1 - Celebrity CEO, Identity Threat, and Impression Management: Impact of Celebrity Status on Corporate Social Responsibility JF - Journal of Business Research Y1 - 2020 A1 - Lee,Gilsoo A1 - Cho,Sam Yul A1 - Arthurs,Jonathan A1 - Lee,Eun Kyung KW - Strategy & Entrepreneurship AB - In this study, we examine the impact of CEO celebrity status on the propensity of firms to
engage in corporate social responsibility (CSR). Integrating identity and impression management
theories, we argue that a firm’s engagement in CSR activities is affected by a celebrity CEO’s
impression management motive to maintain his/her identity and status as a celebrity. We then
explore three boundary conditions under which the effects of celebrity status on CSR may be
strengthened. We find that celebrity CEOs’ engagement in CSR activities as an impression
management tactic increases when uncertainty surrounding a firm’s expected performance is
high, when firm performance is low, and the competitive intensity of the industry is high. The
findings of this study provide useful insights into the specific ways by which celebrity CEOs
attempt to protect their established status and reputation. This paper contributes to various
domains of research concerning CEOs, impression management, and CSR. VL - 111 U2 - a U4 - 193993093120 ID - 193993093120 ER - TY - JOUR T1 - How and When Investment Horizons Determine Venture Capital Firms' Attention Breadth to Portfolio Companies. JF - Entrepreneurship, Theory and Practice Y1 - 2020 A1 - Gerasymenko,Violetta A1 - Arthurs,Jonathan A1 - Cho,Sam Yul KW - Strategy & Entrepreneurship VL - 44 CP - 3 U2 - a U4 - 173465042944 ID - 173465042944 ER - TY - JOUR T1 - CEO Pay Inequity, CEO-TMT Pay Gap, and Acquisition Premiums JF - Journal of Business Research Y1 - 2019 A1 - Lee,Gilsoo A1 - Cho,Sam Yul A1 - Arthurs,Jonathan A1 - Lee,Eun Kyung KW - Strategy & Entrepreneurship AB - This study extends previous research on the influence of CEO pay inequity on CEOs' decision-making by examining the relationship in the acquisition context. Focusing on CEOs' compensation vis-à-vis external and internal referents, we find that underpaid CEOs pay higher acquisition premiums and that overpaid CEOs pay lower premiums, although this tendency is reduced as the level of overpayment increases, creating a U-shaped relationship. We further find that the CEO-TMT pay gap moderates the relationship between CEO under-/overpayment and acquisition premiums by adjusting CEOs' perceptions of pay inequity and motivation to restore inequity through their higher or lower sense of self-importance. The findings of this study suggest that CEOs' decision-making is strongly influenced by their framing of gains and losses and the perception of pay inequity
vis-à-vis external and internal referents. VL - 98 U2 - a U4 - 179900041216 ID - 179900041216 ER - TY - JOUR T1 - The Influence of Alliance Experience on Acquisition Premiums and Post-acquisition Performance JF - Journal of Business Research Y1 - 2018 A1 - Cho,Sam Yul A1 - Arthurs,Jonathan KW - Strategy & Entrepreneurship AB - This paper examines the influence of acquirers’ alliance experience on acquisition outcomes. Specifically, we investigate whether or not acquirers with alliance experience pay higher acquisition premiums and achieve improved post-acquisition performance. We also investigate how the impact of acquirers’ alliance experience is contingent on the alliance portfolios of target firms. We find that acquirers with alliance experience pay higher acquisition premiums but lower acquisition premiums when their target firms possess alliance portfolios of greater size or diversity. We also find that such acquirers achieve higher post-acquisition performance when the size of alliance portfolios of target firms is larger. Overall, this study suggests that alliance experience can help acquirers develop organizational knowledge and capabilities, and thus influence acquisition outcomes. VL - 88 U2 - a U4 - 159880103936 ID - 159880103936 ER - TY - JOUR T1 - Horizon Problem and Firm Innovation: The Influence of CEO Career Horizon, Exploitation and Exploration on Breakthrough Innovations JF - Research Policy Y1 - 2017 A1 - Cho,Sam Yul A1 - Kim,Sang Kyun KW - Strategy & Entrepreneurship AB - Building on labor market evaluations and legacy conservation motivation perspectives, we propose a mechanism to explain the relationship between CEO career horizons and breakthrough innovations. Using 10-year panel data from 681 U.S. firms, we find that firms that have a CEO with a short career horizon (measured by CEO age) tend to produce fewer breakthrough innovations. We also find that the relationship between CEO career horizon and breakthrough innovation is partially mediated by R&D spending, and also moderated by organizational learning behavior (exploration vs. exploitation). This study highlights how a CEO’s motivation to protect success in the short term affects the firm’s innovativeness. VL - 46 U2 - a U4 - 126872340480 ID - 126872340480 ER - TY - HEAR T1 - The Impact of Bankruptcy on Competitors: How Technology Overlap and Diversification Affect Value Redistribution. Y1 - 2017 A1 - Arthurs,Jonathan A1 - Cho,Sam Yul A1 - Choi,Yohan A1 - Hemmatian,Iman A1 - Joshi,Amol KW - Strategy & Entrepreneurship JA - AOM 2017 Annual Meeting CY - Atlanta, GA U2 - c U4 - 162430285824 ID - 162430285824 ER - TY - CONF T1 - Impact of Bankruptcy on Rivals: How Tech Overlap and Diversification Affects Value Redistribution T2 - Academy of Management Proceedings Y1 - 2017 A1 - Arthurs,Jonathan A1 - Cho,Sam Yul A1 - Choi,Yohan A1 - Hemmatian,Iman A1 - Joshi,Amol KW - Strategy & Entrepreneurship AB - Prior research on bankruptcy proposes two potential outcomes for a bankrupt firm’s industry rivals: a contagion effect wherein rivals’ stock prices decline, and a competitive effect wherein rivals benefit from a competitor’s decline. Although empirical evidence substantiates the contagion effect, existing studies do not consistently account for the competitive effect. We develop and test theory explaining how the degree of technology overlap and diversification strategy of competitors influences the severity of the contagion effect and the expected occurrence of the competitive effect among rivals. We find that greater technology overlap among a bankrupt firm and its competitors exacerbates the contagion effect. Furthermore, competitors with higher unrelated diversification are more susceptible to contagion, while competitors with higher related diversification benefit more from a rival’s bankruptcy. JA - Academy of Management Proceedings U2 - b U4 - 188439541760 ID - 188439541760 ER - TY - JOUR T1 - Mixed Blessings: How Top Management Team Heterogeneity and Governance Structure Influence the Use of Corporate Venture Capital by Post-IPO Firms JF - Journal of Business Research Y1 - 2016 A1 - Sahaym,Arvin A1 - Cho,Sam Yul A1 - Kim,Sang Kyun A1 - Mousa,Fariss KW - Strategy & Entrepreneurship AB - This study examines the role of the top management team (TMT) and governance structures in the use of corporate venture capital (CVC) in firms that have recently undergone an initial public offering (IPO). The study is unique in that it sheds light on governance-related antecedents of strategic decision making in such firms. We integrate the insights of behavioral agency and upper echelon perspectives to develop our hypotheses. Our results show that in the presence of non-duality, a negative curvilinear relationship exists between TMT heterogeneity and the use of CVC. We also find that TMT heterogeneity and ownership motivate the use of CVC but only up to a certain threshold. Our findings contribute to the literatures of entrepreneurship and strategy. VL - 69 CP - 3 U2 - a U4 - 106418608128 ID - 106418608128 ER - TY - JOUR T1 - Performance Deviations and Acquisition Premiums: The Impact of CEO Celebrity on Managerial Risk-Taking JF - Strategic Management Journal Y1 - 2016 A1 - Cho,Sam Yul A1 - Arthurs,Jonathan A1 - Townsend,David M. A1 - Miller,Douglas R. A1 - Barden,Jeffrey KW - Strategy & Entrepreneurship VL - 37 CP - 13 U2 - a U4 - 116008704000 ID - 116008704000 ER - TY - JOUR T1 - One Man's Death Is Another Man's Bread: The Effect of CEO Sudden Death on Competitors' Strategic Investments JF - Journal of Management Studies Y1 - 0 A1 - Cho,Sam Yul A1 - Choi,Yohan A1 - Park,Haemin Dennis A1 - Kwon,Jung Hyun KW - Strategy & Entrepreneurship U2 - a U4 - 218952503296 ID - 218952503296 ER -