CORPORATE STRATEGY AND NETWORK CHANGE

• 成果类型: Article
• 署名作者: Hernandez, Exequiel; Menon, Anoop
• 署名单位: University of Pennsylvania
• 刊物名称: ACADEMY OF MANAGEMENT REVIEW
• ISSN/ISSBN: 0363-7425
• DOI: 10.5465/amr.2018.0013
• 发表日期: 2021
• 页码: 80-107
• 关键词: social-structure; Structural holes; performance; INNOVATION; DYNAMICS; acquisitions; PERSPECTIVE; CAPABILITY; producers; alliances

摘要

Networks change when either the ties or the nodes are modified. Research on interfirm networks has conceptualized network change as being driven almost exclusively by modifications in ties (additions and deletions). Yet firms frequently engage in actions that modify the ownership and existence of nodes: acquisitions collapse nodes, divestitures split nodes, industry entries create nodes, and industry exits remove nodes. The literatures on corporate strategy and organizational networks have mostly overlooked the implications of node-modifying actions for network change. We explore those implications in three ways. First, we systematically analyze and compare the network-changing properties of the six node- and tie-changing actions. Second, we link the strategic objectives that boundedly rational firms pursue through each corporate action to changes in their ego network positions (openness, closure, and status). Third, we consider how these local network changes set off ripple effects that create externalities for the networks of the focal firm's immediate partners and that modify the structure of the global network. The result is a much more expansive understanding of the mechanisms driving structural change in interfirm networks.