INDIANAPOLIS — As the CEO of a major company, if your initial reaction after a competitor wins an award is to undertake more intensive acquisition activities, you may want to think again.
A study recently accepted for publication in Strategic Management Journal considers the reaction of CEOs who have seen their competitors win awards from business media, but they themselves have not received an award.
Entitled “Ripple Effects of CEO Awards: Investigating the Acquisition Activities of Superstar CEOs’ Competitors,” the study is authored by Wei Shi, assistant professor of management at IU Kelley School of Business Indianapolis, and Yan Zhang and Robert E. Hoskisson, both of Rice University’s Jesse H. Jones Graduate School of Business.