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作者：Baum, Joel A. C.; Cowan, Robin; Jonard, Nicolas
作者单位：University of Toronto; Universites de Strasbourg Etablissements Associes; Universite de Strasbourg; Maastricht University; University of Luxembourg
摘要：Strategic prescriptions drawn from pooled cross-sectional evidence of firm performance effects are not necessarily warranted. This is because firm characteristics can influence both the mean and variance of firm performance. Strategic inferences are warranted if empirically observed effects reflect increases in mean firm performance. If they reflect increases in firm performance variance, however, such inferences are warranted only if the increased odds of achieving high performance compensate...
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作者：Vandaie, Ramin; Zaheer, Akbar
作者单位：University of Minnesota System; University of Minnesota Twin Cities
摘要：In exploring the downsides of partnering with large firms, extant literature has typically focused on the external perspective and the alliance characteristics of small firms. We argue that jointly considering the internal dimension of firm capability together with the external perspective promises to yield a fuller understanding of the nature and consequences of a small firm's relationships with large partners. We analyze a longitudinal dataset on the alliance activities and growth of small, ...
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作者：Yang, Haibin; Zheng, Yanfeng; Zhao, Xia
作者单位：City University of Hong Kong; University of Hong Kong; California State University System; California State University Dominguez Hills
摘要：How do small firms manage their alliance strategies with large firms? This study compares the relative impacts of exploration and exploitation alliances with large firms on small firms' valuation. Integrating the literatures on the exploration/exploitation paradigm and alliance governance, we argue that exploitation alliances with large firms will on average generate higher values for small firms than exploration alliances with large firms due to a heightened risk of appropriation in explorati...
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作者：Chatain, Olivier
作者单位：University of Pennsylvania
摘要：This paper explores the interplay between product market, strategic factor market, and resource development. More competition in the product market makes resource buyers bid higher for resources, as the value of trying to preempt the resources is higher. Holding other initial conditions constant, resources are developed more in industries with factor markets than in industries without. When buyers of resources cannot integrate more than one resource, developers choose to develop either at a lo...
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作者：Diestre, Luis; Rajagopalan, Nandini
作者单位：IE University; University of Southern California
摘要：We respond to Mason and Drakeman's comment on our published paper titled Are All Sharks' Dangerous? New Biotechnology Ventures and Partner Selection in R&D Alliances (Diestre and Rajagopalan, 2012). We discuss both their survey analysis and alternative explanation and conclude that neither of them invalidates our theoretical premise and our empirical conclusions. Copyright (c) 2014 John Wiley & Sons, Ltd.
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作者：Hoehn-Weiss, Manuela N.; Karim, Samina
作者单位：University of Washington; University of Washington Bothell; Boston University
摘要：This article investigates how alliance portfolio composition affects young firms' outcomes. Drawing on signaling theory, we propose how alliance portfolio composition-number, functional domains (R&D, manufacturing, and marketing), and single-purpose or multi-purpose nature of alliances within the portfolio-may affect a firm's likelihood of achieving a liquidity event (IPO or acquisition). We study 8,600 U. S.-based, VC-backed firms during the period of 1990 to 2002 from 10 industry sectors. We...
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作者：Wu, Brian; Wan, Zhixi; Levinthal, Daniel A.
作者单位：University of Michigan System; University of Michigan; University of Illinois System; University of Illinois Urbana-Champaign; University of Pennsylvania
摘要：The issue of the failure of incumbent firms in the face of radical technical change has been a central question in the technology strategy domain for some time. We add to prior contributions by highlighting the role a firm's existing set of complementary assets have in influencing its investment in alternative technological trajectories. We develop an analytical model that considers firm heterogeneity with respect to both technological trajectories and complementary assets. Complementary asset...
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作者：Bromiley, Philip; Rau, Devaki
作者单位：University of California System; University of California Irvine; Northern Illinois University
摘要：Many studies in strategic management attempt to explain macro-level firm behaviors or characteristics and/or the influence of such behaviors or characteristics on firm performance. Current strategy scholarship, however, rarely considers specific, actual techniques that managers might use to develop strategies or generally applicable firm practices. We propose a practice-based view (PBV) of strategy scholarship to address this gap. In contrast with the resource-based view emphasis on things tha...
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作者：Feldman, Emilie R.; Gilson, Stuart C.; Villalonga, Belen
作者单位：University of Pennsylvania; Harvard University; New York University
摘要：This article investigates how securities analysts help investors understand the value of diversification. By studying the research that analysts produce about companies that have announced corporate spin-offs, we gain unique insights into how analysts portray diversified firms to the investment community. We find that while analysts' research about these companies is associated with improved forecast accuracy, the value of their research about the spun-off subsidiaries is more limited. For bot...
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作者：Poppo, Laura; Zhou, Kevin Zheng
作者单位：University of Kansas; University of Hong Kong
摘要：Despite the centrality of fairness in the moral and social fabric of governance, few studies relate fairness to contracting research. This paper assesses whether fairness accounts for the effects of contractual complexity and contractual recurrence on exchange performance. Based on a sample of 283 buyer-supplier dyads, we find that procedural fairness partially mediates the effect of contractual complexity, whereas distributive fairness partially mediates the effect of contractual recurrence i...
