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管理workshop: Crisis and Turnaround: The Interplay of Strategic Change and Firm Performance
发布日期：2019-03-07 12:00 来源：
Time: March 7th, 2019 (Thursday) 10:00-11:30
Location: Zhifuxuan Meeting Room (致福轩会议室), National School of Development, Peking University
Speaker: HAN Xia
Crisis and Turnaround: The Interplay of Strategic Change and Firm Performance
HAN Xia and MA Hao
Abstract
This study examines the interplay between strategic change and firm performance through the entire process of a performance crisis, an important but understudied setting for research in this topic area. Specifically, it dissects the impact of strategic change on the likelihood of performance crisis, the changing patterns of strategic change after the performance crisis, and the effect of the post-crisis strategic change on subsequent turnaround. First, inspired by the findings of an inverted U-shaped relationship between strategic change and firm performance, we predict a U-shaped relationship between the level of strategic change and the likelihood of performance crisis. Second, juxtaposing the arguments on the risking-taking behavior by troubled firms and the threat rigidity theory on how firms deal with severe threats, we predict that the prior level of strategic change will affect firms’ post-crisis strategic change so that firms with high level of strategic change prior to performance crisis will significantly reduce their level of strategic change after the performance crisis while firms with low level of strategic change prior to performance crisis will significantly increase their level of strategic change after the crisis. Third, regardless of the patterns of post-crisis strategic change, the level of post-crisis strategic change will positively affect the likelihood of subsequent firm turnaround. As such, across the entire process of a performance crisis, the overall impact of strategic change on firm performance is generally positive, saving the case of those extremely high level of strategic change. Results from our empirical study based on a sample of listed firms in China between 2000 and 2016 lend support to the above theorizing.
Key Words: Strategic Change; Firm Performance; Performance Crisis; Turnaround
About the Speaker
韩 夏，大陆成人直播-成人直播中文 ，2016级管理学博士生（战略管理方向）。
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大陆成人直播
-
管理workshop: Crisis and Turnaround: The Interplay of Strategic Change and Firm Performance
发布日期：2019-03-07 12:00 来源：
Time: March 7th, 2019 (Thursday) 10:00-11:30
Location: Zhifuxuan Meeting Room (致福轩会议室), National School of Development, Peking University
Speaker: HAN Xia
Crisis and Turnaround: The Interplay of Strategic Change and Firm Performance
HAN Xia and MA Hao
Abstract
This study examines the interplay between strategic change and firm performance through the entire process of a performance crisis, an important but understudied setting for research in this topic area. Specifically, it dissects the impact of strategic change on the likelihood of performance crisis, the changing patterns of strategic change after the performance crisis, and the effect of the post-crisis strategic change on subsequent turnaround. First, inspired by the findings of an inverted U-shaped relationship between strategic change and firm performance, we predict a U-shaped relationship between the level of strategic change and the likelihood of performance crisis. Second, juxtaposing the arguments on the risking-taking behavior by troubled firms and the threat rigidity theory on how firms deal with severe threats, we predict that the prior level of strategic change will affect firms’ post-crisis strategic change so that firms with high level of strategic change prior to performance crisis will significantly reduce their level of strategic change after the performance crisis while firms with low level of strategic change prior to performance crisis will significantly increase their level of strategic change after the crisis. Third, regardless of the patterns of post-crisis strategic change, the level of post-crisis strategic change will positively affect the likelihood of subsequent firm turnaround. As such, across the entire process of a performance crisis, the overall impact of strategic change on firm performance is generally positive, saving the case of those extremely high level of strategic change. Results from our empirical study based on a sample of listed firms in China between 2000 and 2016 lend support to the above theorizing.
Key Words: Strategic Change; Firm Performance; Performance Crisis; Turnaround
About the Speaker
韩 夏，大陆成人直播-成人直播中文 ，2016级管理学博士生（战略管理方向）。
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