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作者：Matusik, Sharon F.; Fitza, Markus A.
作者单位：University of Colorado System; University of Colorado Boulder; Bentley University; University of Newcastle
摘要：This study contributes to the research on the effect of diversification on performance under conditions of uncertainty. More specifically, we examine diversification in the context of venture capital firms. Drawing on the knowledge and organizational learning literature, we hypothesize that firms benefit from either low levels of diversification because of efficiencies in processing knowledge or high levels of diversification because of access to broad information that facilitates solving comp...
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作者：Eggers, J. P.
作者单位：New York University
摘要：This study explores the contingencies relating firm experience to product development capabilities, focusing on experience type (breadth versus depth) and timing (prior versus concurrent). Results from empirical tests in the U.S. mutual fund industry offer two primary findings. First, firms increase proficiency at adapting their processes to address new opportunities as they accumulate experience in entering new niches, but face initial hurdles broadening their experience base. Second, concurr...
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作者：Wassmer, Ulrich; Dussauge, Pierre
作者单位：Concordia University - Canada; Hautes Etudes Commerciales (HEC) Paris
摘要：We examine how new network resources accessed through alliance formations interact with network resources present in a firm's alliance portfolio. We test our theoretical model using event study methodology and data from the global air transportation industry. We find that the market rewards firms forming alliances that contribute resources that can be synergistically combined with firms' own resources as well as with network resources accessed through their alliance portfolios. Our results als...
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作者：Soda, Giuseppe; Zaheer, Akbar
作者单位：Bocconi University; Bocconi University; University of Minnesota System; University of Minnesota Twin Cities
摘要：We take a network perspective to organizational architecture, conceptualizing it as multiple networks of both formal and informal interactions and argue that their interplay is key to better understanding individual organizational member performance. We develop and test the concept of network consistency as the overlap between the informal network of advice and information with formal structures and processes, expressed as networks. We theorize that consistency between formal and informal netw...
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作者：Campbell, Joanna Tochman; Campbell, T. Colin; Sirmon, David G.; Bierman, Leonard; Tuggle, Christopher S.
作者单位：University of Arkansas System; University of Arkansas Fayetteville; University System of Ohio; Miami University; University of Washington; University of Washington Seattle; Texas A&M University System; Texas A&M University College Station; Mays Business School; University of Nebraska System; University of Nebraska Lincoln
摘要：Corporate governance research indicates that corporate boards of directors may be overly beholden to management, which can be detrimental to firm value creation. Drawing upon agency theory and the governance law literature, we examine the effects of a new SEC rule designed to lessen managerial power by increasing large, long-term shareholders' influence in the director nomination process. We predict and find support for a positive overall market reaction to the rule's announcement as well as a...
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作者：Jacobides, Michael G.; Winter, Sidney G.; Kassberger, Stefan M.
作者单位：University of London; London Business School; University of Pennsylvania; Frankfurt School Finance & Management
摘要：This paper shows how idiosyncratic resources can drive sustained profitability and persistent heterogeneity under competitive conditions. Generic inputs purchased in the market become idiosyncratic resources as the result of firms' investments in customization. Analytically, we show how heterogeneous firms coexist in equilibrium as a function of customization costs. Computationally, we show that sustainable profits can emerge without monopolistic imperfections. We consider how capability heter...
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作者：Karim, Samina; Williams, Charles
作者单位：Boston University; Bocconi University
摘要：This article explores how knowledge embodied in executives is tied to the organizational context in which it develops. Drawing on the knowledge-based view of the firm and human capital theory, we predict that executives will move between units with similar structural compositiona characteristic representing unit origin (as acquired or internally developed) and how the unit was reconfigured. We further argue that executives will be conduits of organizational change. We predict that units receiv...
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作者：Schijven, Mario; Hitt, Michael A.
作者单位：Texas A&M University System; Texas A&M University College Station; Mays Business School
摘要：Although event-study methodology is invaluable to strategic management research, we argue that the traditional financial economic rationale on which it is based has led scholars to assume away the behavioral mechanisms underlying investor reactions. Building on behavioral theory from management, psychology, and economics, we set out to develop a behavioral perspective on investor reactions to acquisition announcementsone that relaxes the assumption of investors making objective, rational-deduc...
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作者：Lichtenthaler, Ulrich; Ernst, Holger
作者单位：University of Mannheim; WHU - Otto Beisheim School of Management
摘要：In light of increasing licensing, we challenge the common assumption that product development and technology licensing are substitutes. We develop a resource-based framework, which distinguishes a firm's technological resource base and technology exploitation processes. We further combine survey, patent, and financial data of 228 medium-sized and large industrial companies to examine the interactions of firms' product development processes and technology licensing processes in order to explain...
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作者：Park, Haemin Dennis; Steensma, H. Kevin
作者单位：University of Missouri System; University of Missouri Kansas City; University of Washington; University of Washington Seattle
摘要：New ventures face a trade-off when considering corporate venture capital (CVC) funding. Corporate investors can provide complementary assets that enhance the commercialization of new venture technologies. However, tight links with a particular corporate investor has drawbacks and may constrain new ventures from accessing complementary assets from diverse sources in an open market. Taking this trade-off into account, we explore conditions under which CVC funding is beneficial to new ventures. U...
