Offsetting Illegitimacy? How Pressures from Securities Analysts Influence Incumbents in the Face of New Technologies

By Mary J. Benner, Ram Ranganathan. 2012

186 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/296115a7ef69fc46f8ecfe6ed1bd6eb9c34f2a3b

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Citations in the corpus

Analyzing Analyst Research: A Review of Past Coverage and Recommendations for Future Research (2018, background): “Another exemplary study in this vein of research is the study by Benner and Ranganathan (2012), which shows that negative analyst recommendations prompt firms to lower their investments in new technologies in order to preserve legitimacy with analysts even though the extent of environmental change…”
Toward a Behavioral Theory of Strategy (2012, background): “That is, deep experiences in industry X might compel a strategist to look at some other industry Y through the lens of industry X even if they are not relevantly similar.”
Incumbent Adaptation to Technological Change: The Past, Present, and Future of Research on Heterogeneous Incumbent Response (2018, unknown): “One example of the former type of barrier would be analysts deterring an incumbent from investing in new technologies that are outside the domain of its core competencies (Benner & Ranganathan, 2012).”
Reflections on the 2013 Decade Award—“Exploitation, Exploration, and Process Management: The Productivity Dilemma Revisited” Ten Years Later (2015, unknown): “…(e.g., Jay, 2013; Raisch, Birkinshaw, Probst, & Tushman, 2009), an overarching set of core values (e.g., O’Reilly & Tushman, 2008), and relations with institutional audiences outside the firm (e.g., Benner, 2010; Benner & Ranganathan, 2012; Greenwood & Suddaby, 2006; Rothaermel & Deeds, 2004).”
The Dark Side of Analyst Coverage: The Case of Innovation (2013, unknown): “Benner and Ranganathan ( 2012 ) find that negative analyst recommendations are associated with reductions in firm capital expenditure and R&D during times of technological change .”
THE IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON INVESTMENT RECOMMENDATIONS. (2010, background): “Third, our article is linked to the recent literature in strategy that explores analysts’ reactions as firms respond to radical technological change as well as how these reactions affect firms’ subsequent responses (Benner, 2007, 2010; Benner & Ranganathan, 2012).”
The Impact of Corporate Social Responsibility on Investment Recommendations: Analysts’ Perceptions and Shifting Institutional Logics (2015, background): “Third, our article is linked to the recent literature in strategy that explores analysts’ reactions as firms respond to radical technological change as well as how these reactions affect firms’ subsequent responses (Benner, 2007, 2010; Benner & Ranganathan, 2012).”
What Affects Innovation More: Policy or Policy Uncertainty? (2017, unknown): “, Derrien and Kecskés (2013)), Benner and Ranganathan (2012) and He and Tian (2013) find that analysts hinder innovation because they impose short-term pressure to meet earnings targets on managers.”