%0 Conference Paper %B Frontiers of Entrepreneurship Research %D 2021 %T Re-examining Constraints And Ventures' Learning: The Case Of Business Accelerator Programs %A Gerasymenko,Violetta %A Cho,Sam Yul %A Arthurs,Jonathan %A Choi,Yohan %K Strategy & Entrepreneurship %B Frontiers of Entrepreneurship Research %8 2021 %G eng %2 b %4 233704155136 %$ 233704155136 %0 Journal Article %J Journal of Business Research %D 2020 %T Celebrity CEO, Identity Threat, and Impression Management: Impact of Celebrity Status on Corporate Social Responsibility %A Lee,Gilsoo %A Cho,Sam Yul %A Arthurs,Jonathan %A Lee,Eun Kyung %K Strategy & Entrepreneurship %X 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. %B Journal of Business Research %V 111 %P 69-84 %8 2020 %G eng %2 a %4 193993093120 %$ 193993093120 %0 Journal Article %J Entrepreneurship, Theory and Practice %D 2020 %T How and When Investment Horizons Determine Venture Capital Firms' Attention Breadth to Portfolio Companies. %A Gerasymenko,Violetta %A Arthurs,Jonathan %A Cho,Sam Yul %K Strategy & Entrepreneurship %B Entrepreneurship, Theory and Practice %V 44 %P 475-503 %8 2020 %G eng %N 3 %2 a %4 173465042944 %$ 173465042944 %0 Journal Article %J Journal of Business Research %D 2019 %T CEO Pay Inequity, CEO-TMT Pay Gap, and Acquisition Premiums %A Lee,Gilsoo %A Cho,Sam Yul %A Arthurs,Jonathan %A Lee,Eun Kyung %K Strategy & Entrepreneurship %X 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. %B Journal of Business Research %V 98 %P 105-116 %8 2019 %G eng %2 a %4 179900041216 %$ 179900041216 %0 Journal Article %J Journal of Business Research %D 2018 %T The Influence of Alliance Experience on Acquisition Premiums and Post-acquisition Performance %A Cho,Sam Yul %A Arthurs,Jonathan %K Strategy & Entrepreneurship %X 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. %B Journal of Business Research %V 88 %P 1-10 %8 2018 %G eng %2 a %4 159880103936 %$ 159880103936 %0 Journal Article %J Research Policy %D 2017 %T Horizon Problem and Firm Innovation: The Influence of CEO Career Horizon, Exploitation and Exploration on Breakthrough Innovations %A Cho,Sam Yul %A Kim,Sang Kyun %K Strategy & Entrepreneurship %X 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. %B Research Policy %V 46 %P 1801-1809 %8 2017 %G eng %2 a %4 126872340480 %$ 126872340480 %0 Generic %D 2017 %T The Impact of Bankruptcy on Competitors: How Technology Overlap and Diversification Affect Value Redistribution. %A Arthurs,Jonathan %A Cho,Sam Yul %A Choi,Yohan %A Hemmatian,Iman %A Joshi,Amol %K Strategy & Entrepreneurship %B AOM 2017 Annual Meeting %C Atlanta, GA %8 2017 %G eng %2 c %4 162430285824 %$ 162430285824 %0 Conference Paper %B Academy of Management Proceedings %D 2017 %T Impact of Bankruptcy on Rivals: How Tech Overlap and Diversification Affects Value Redistribution %A Arthurs,Jonathan %A Cho,Sam Yul %A Choi,Yohan %A Hemmatian,Iman %A Joshi,Amol %K Strategy & Entrepreneurship %X 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. %B Academy of Management Proceedings %8 2017 %G eng %2 b %4 188439541760 %$ 188439541760 %0 Journal Article %J Journal of Business Research %D 2016 %T Mixed Blessings: How Top Management Team Heterogeneity and Governance Structure Influence the Use of Corporate Venture Capital by Post-IPO Firms %A Sahaym,Arvin %A Cho,Sam Yul %A Kim,Sang Kyun %A Mousa,Fariss %K Strategy & Entrepreneurship %X 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. %B Journal of Business Research %V 69 %P 1208-1218 %8 2016 %G eng %N 3 %2 a %4 106418608128 %$ 106418608128 %0 Journal Article %J Strategic Management Journal %D 2016 %T Performance Deviations and Acquisition Premiums: The Impact of CEO Celebrity on Managerial Risk-Taking %A Cho,Sam Yul %A Arthurs,Jonathan %A Townsend,David M. %A Miller,Douglas R. %A Barden,Jeffrey %K Strategy & Entrepreneurship %B Strategic Management Journal %V 37 %P 2677-2694 %8 2016 %G eng %N 13 %2 a %4 116008704000 %$ 116008704000 %0 Journal Article %J Journal of Management Studies %D 0 %T One Man's Death Is Another Man's Bread: The Effect of CEO Sudden Death on Competitors' Strategic Investments %A Cho,Sam Yul %A Choi,Yohan %A Park,Haemin Dennis %A Kwon,Jung Hyun %K Strategy & Entrepreneurship %B Journal of Management Studies %8 2023 In Press %G eng %2 a %4 218952503296 %$ 218952503296