作者:Theeke, Matt; Polidoro, Francisco, Jr.; Fredrickson, James W.
作者单位:George Mason University; University of Texas System; University of Texas Austin; University of Texas System; University of Texas Austin
摘要:This paper examines how path dependencies in evaluation routines affect a brokerage firm's decision to provide coverage to a company that builds on new knowledge. Companies depend on brokerage firms to gain access to external resources, as a brokerage firm's coverage is a valuable form of recognition that may lower a company's cost of capital and increase its value. Yet path dependencies in a brokerage firm's evaluation routines may make it less likely to cover a company whose inventive activi...
作者:Mezias, Stephen
作者单位:INSEAD Business School
作者:Jensen, Michael
作者单位:University of Michigan System; University of Michigan