This article attempts to reflect the current state and progress of strategy-process research. Based on a literature review, an integrative framework is developed encompassing key antecedents, process and outcome factors, and the interrelationship among them. The review reveals that strategy-process research has made considerable progress in the past, shifting the focus from strategic planning to new areas, thereby emphasizing the exposed position of the individuals involved. The authors recommend that researchers conduct more studies that explore the effects of the individuals involved in strategy processes and the phases prior to and after the actual decision making.

When does it pay to be good? Moderators and mediators in the corporate sustainability-corporate financial performance relationship: A critical review

This paper reviews the literature on the effects of distance arising from country differences on outcomes at the firm and subsidiary level. It provides some clarity on what has been learned so far about distance by answering four questions: Which distance? Why does distance matter? What outcomes are affected by distance? and What aggravates or alleviates the effects of distance? Based on the review of the literature, a set of future research suggestions are developed, intended to direct attention to research questions that the authors believe are among the most pressing questions in distance research and that may have the potential to advance the field substantially.

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We draw on the emerging literature on the micro-foundation of capability development to investigate the effects of the relative importance of corporate sustainability in a firm's organizational cognitive frame on the development of distinct organizational capabilities. Based on survey data from 124 Danish manufacturing firms and seven interviews, we find that the relative importance of corporate sustainability in a firm's organizational cognitive frame positively encourages the development of three organizational capabilities, namely, stakeholder integration, market sensing, and organizational learning. However, contrary to our expectation and reasoning, we find that the development of the strategic planning capability is negatively affected. Our findings provide novel empirical evidence and contribute to an improved understanding of the effect of a firm's organizational cognitive frame on the development of organizational capabilities.