703: Risk or Opportunity? Firm Strategies in the Face of Policy Uncertainty and Disruptions (14760)

Sunday, August 11, 2024

10:45 – 12:15 CT (GMT-5/UTC-5)

Location: Sheraton: Superior B

Session Number: 703
Symposium (panel)
Orientation: International,Theme,Research
Shareable link: https://cdmcd.co/LEJmjz

Organizer(s)

GD

Gianni De Bruyn

Darla Moore School of Business, U. of South Carolina, United States
AR

Angela Soomin Ryu

Columbia Business School, United States

Panelist(s)

LB

Luis Ballesteros

Boston U. Questrom School of Business, United States
SH

Shon R. Hiatt

U. of Southern California, United States
YP

Yongwook Paik

KAIST College of Business, Korea, Republic of
SW

Stephanie L. Wang

Indiana U., Bloomington, United States

Businesses increasingly deal with a complex (geo)political environment, resulting in high uncertainty and ambiguity. Policy uncertainty is generally seen as a barrier to clear decision-making, investment, and production, yet it also presents opportunities for businesses to navigate and potentially exploit this uncertain environment. This raises the question of whether policy uncertainty is a risk, an opportunity, or both. We delve into the key question of what type of firms are more vulnerable to, protected from, or capable of leveraging these uncertainties. In doing so, we first focus on clarifying the concept of uncertainty at different levels (e.g., global, national, industry, firm) and the different types and sources of uncertainty (e.g. financial, regulatory, geopolitical, corporate wrongdoing). In this symposium, the panel will provide insights into different types of uncertainty and their nuances, encompassing domestic and international perspectives. Further, we will discuss methodologies, data, and innovative research designs, setting the stage for addressing the critical questions that will shape the next decade of research on policy uncertainty and firm strategies.