Newsletter PAGE 1 Newsletter Summer 2018 Corporate Strategy Interest Group Corporate Strategy Interest Group Summer 2018 Letter from the Chair Dear Members of the Corporate Strategy IG: IN THIS ISSUE We are looking forward to a great conference in Paris. Please read through this newsletter for an overview of all our Corporate Strategy sessions, as prepared by • Letter from the Chair Program Chair Guoli Chen and the Representatives-at-Large. I would like to thank each of the other officers and our Representatives at Large for their important work. • SMS 2018 Paris We also wanted to make you aware of two cool Sunday sessions for our IG: Corporate Strategy Pre-Conference Session 937 - Signaling Theory: Economic and Behavioral Perspectives with Ivana Program Naumovska, Brian Connelly, David Gomulya, Margarethe Wiersema, and Maurizio Zollo • SMS 2018 Paris Corporate Strategy Session 932 - Toward Big Data: A Modern Workflow for Data Management with Federico Aime and Jason Kiley Conference Program • SMS 2018 Paris In addition, you are invited to the Corporate Strategy Interest Group Social Event at the Annual Conference in Paris. Join your colleagues at Café Oz, where we’ll have Corporate Strategy drinks and appetizers from 1900 to 2100 on Sunday evening, September 23, 2018. The Reviewers venue is just a short 7-minute walk from the conference hotel. We hope you can join us! • Upcoming SMS Special Moreover, we invite anyone willing to serve as a future officer of the IG to come to the business meeting and social hour, and talk to the current officers. The duties are not Conferences onerous, and your service is appreciated. Please make nominations (including self- • Corporate Strategy IG nominations) to any of the IG officers by October 1. My email address is [email protected], Guoli Chen’s is [email protected], and Mario Social Event Schijven’s is [email protected]. We would be happy to discuss the various officer • Corporate Strategy IG roles with anyone interested. Webcast We will also recognize the best reviewers for the conference at the business meeting in • SMS Corporate Strategy Paris. Thanks again to all who completed reviews. Your efforts are acknowledged in this newsletter. IG 2018/19 Team • Corporate Strategy Lastly, we are excited to announce our IG’s first webcast on Friday, July 27 at 10am EDT! Guoli Chen, John Joseph, Başak Topaler and myself will be panelists for a Domain Statement discussion on “Global Perspectives of Business Academia.” You can join the webinar • Contact Us by registering here: https://zoom.us/webinar/register/WN_aWMFbDhqTdeHWtc8qEGtQg We look forward to seeing you in Paris! Caterina, Guoli, and Mario PAGE 2 Newsletter Summer 2018 Corporate Strategy Interest Group SMS 2018 Paris Corporate Strategy Pre-Conference Program Saturday Workshop and Sunday IG Session Highlights Please join us for these exciting pre-conference interest group activities! 1. Saturday, September 22, 2018, 9:00 - 12:00: Junior Faculty Professional Development Workshop The Knowledge and Innovation, Cooperative Strategy, Competitive Strategy, and Corporate Strategy Interest Groups are pleased to co-sponsor a paper development workshop and future research directions workshop for junior faculty on Saturday September 22th, 2018 from 9AM until 12PM followed by lunch. Workshop organizers: Manuela Hoehn-Weiss, Oregon State University; Denisa Mindruta, HEC Paris; Kristina Vaarst Andersen, University of Southern Denmark; Francesco Di Lorenzo, Copenhagen Business School; Claudine Gartenberg, University of Pennsylvania; Jiao Luo, University of Minnesota; Marie-Ann Betschinger, HEC Montreal; and Ivana Naumovska, INSEAD Panelists & Facilitators: Luca Berchicci, Rotterdam School of Management; Alfonso Gambardella, Bocconi University; Corey Phelps, McGill University; Deepak Somaya, University of Illinois at Urbana-Champaign; Gurneeta Vasuveda, University of Minnesota; Anu Wadhwa, Imperial College London; Janet Bercovitz, University of Colorado; Pierre Dussauge, HEC Paris; Xavier Martin, Tilburg University; Kyle Mayer, University of Southern California; Thomas Mellewigt, Free University of Berlin; Pinar Ozcan, University of Warwick; Ithai Stern, INSEAD; Rajshree Agarwal, University of Maryland; Olivier Chatain, HEC Paris; J.P. Eggers, New York University; Sendil Ethiraj, London School of Business; Martin Ganco, University of Wisconsin; Francisco Polidoro, University of Texas at Austin; Brian Wu, University of Michigan; John Haleblian, University of California-Riverside; Bruce Lamont, Florida State University; Maurizio Zollo, Bocconi University; Riitta Katila, Stanford University; Vibha Gaba, INSEAD; and Marco Ceccagnoli, Georgia Institute of Technology PAGE 3 Newsletter Summer 2018 Corporate Strategy Interest Group 2. Sunday, September 23, 2018, 08:00 - 09:15, Session 937: Signaling Theory: Economic and Behavioral Perspectives Management and organizational research using signaling theory has gained momentum in recent years, incorporating in the study of signals a wide range of information cues and symbolic representations that do not conform to the definition of signals from an information economics perspective. While this broader use has enabled the study of a more holistic range of communications, it has come at the cost of precision on understanding what constitutes signals and how they work and why. The goal of the session is to discuss signaling theory from the economic and the behavioral perspective, reviewing diverse array of management research and highlighting avenues for future work. Session Leader: Ivana Naumovska, INSEAD Panelists • Brian Connelly, Auburn University • David Gomulya, Singapore Management University • Margarethe Wiersema, University of California, Irvine • Maurizio Zollo, Bocconi University 3. Sunday, September 23, 2018, 11:15 - 12:30, Session 932: Toward Big Data: A Modern Workflow for Data Management Across research domains, there is a growing interest in analyzing granular, high-volume data using machine learning techniques, which is often referred to as “big data.” For many researchers, a key challenge is handling and preparing data for analysis. This session offers a set of principles and a demonstrated workflow that scales from traditional archival analyses to machine learning using the Python ecosystem of data tools and Jupyter notebooks. The example workflow in the session combines M&A announcement data with media coverage data. This session has three primary objectives. First, we clarify that using Python for data management is more similar to existing software than many researchers realize, and that programming knowledge is helpful but not necessary. Second, we suggest that practices that promote scientific reproducibility primarily benefit the researcher in the future rather than having only a community benefit. Finally, we demonstrate a workflow using a Jupyter notebook, including a shared repository that includes the session’s contents and underlying philosophy. Session Leader: Federico Aime, Oklahoma State University Panelist: Jason Kiley, Oklahoma State University PAGE 4 Newsletter Summer 2018 Corporate Strategy Interest Group SMS 2018 Paris Corporate Strategy Conference Program * Sunday, September 23, 16:00-17:15 Monday, September 24, 08:00-09:15 (Session 1064) (Session 1066) Market reaction to acquisitions Corporate venture capital Session leader: Joao Cotter Salvado, London Business Session leader: Gary Dushnitsky, London Business School School Penalized or Prized? Stock Market Reaction to Corporate Venture Capital – A Meta-Analysis of Acquisition Complexity Performance Coherences Panos Desyllas, University of Bath Daniel Fischer, Leibniz University of Hanover Martin C. Goossen, Tilburg University Christiana Weber, Leibniz University Hanover Corey Phelps, McGill University Christopher Schlaegel, Maastricht University The Effect of Acquisitions on Customers: Twitter Corporate Venture Capital Performance: A Meta- Evidence from the Dollar Tree-Family Dollar Analysis Acquisition Peiyuan Huang, University of Pittsburgh Amirhossein Zohrehvand, University College London Ravi Madhavan, University of Pittsburgh Bart Vanneste, University College London Two Sides of the Same Coin: Transferability, Acquisitions and the Visual Representation of Appropriability and External Corporate Venturing Strategy Christopher Albert Sabel, BI Norwegian Business Joao Cotter Salvado, London Business School School Freek Vermeulen, London Business School Amir Sasson, BI Norwegian Business School Maima Aulia Syakhroza, University of Cambridge Organizing Innovation in High-Tech Ventures: The Market Value Spillovers of Mergers and CVC Financing and Patent Sales Acquisitions: Disentangling Rivalry and Francesco Di Lorenzo, Copenhagen Business School Technological Signaling Effects Wolfgang Sofka, Copenhagen Business School Marco Testoni, University of California, Los Angeles You Can’t Have Your Cake And Eat It Too: Performance Trade-Offs In Corporate Venturing Jitse Duijsters, Erasmus University Rotterdam Vareska Van de Vrande, Erasmus University Rotterdam Justin Jansen, Erasmus University Rotterdam PAGE 5 Newsletter Summer 2018 Corporate Strategy Interest Group Monday, September 24, 09:30-10:45 Monday, September 24, 15:30-16:45 (Session 1068) (Session 1076) Resource reallocation and What drives performance? redeployment (I) Session leader: Maurizio Zollo, Bocconi University Session leader: Yasemin Kor, University of Cambridge Business Model Relatedness as an Antecedent of Firm Performance Resource Redeployment