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作者：Lin, Zhiang (John); Peng, Mike W.; Yang, Haibin; Sun, Sunny Li
作者单位：University of Texas System; University of Texas Dallas; City University of Hong Kong
摘要：What drives mergers and acquisitions (M&As) in different intsitutional environments? This article builds on the resource dependence perspective and argues that networks, learning, and institutions represent three building blocks that can enhance our understanding of the drivers behind M&As. Specifically, we consider firms as learning actors embedded in network relations and influenced by institutional development, and compare and contrast firms' acquisition activities across the United States ...
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作者：Hoetker, Glenn; Mellewigt, Thomas
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; Free University of Berlin
摘要：Formal and relational governance mechanisms are used in strategic alliances to coordinate resources and mitigate the risk of opportunistic behavior. While recent work has shown that these approaches are not mutually exclusive, we understand little about when one approach is superior to the other. Using data on the governance choices and subsequent performance of alliances in the German telecommunications industry, we find that the optimal configuration of formal and relational governance mecha...
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作者：Iyengar, Raghavan J.; Zampelli, Ernest M.
作者单位：Catholic University of America; University of North Carolina; North Carolina Central University
摘要：This study focuses explicitly on the methodological implications of the endogenous theory of governance as applied to firm performance. In particular, if firms choose their governance structures as Part of a constrained performance maximization process, then application of all appropriate empirical methodology should reveal statistical evidence of such behavior In this study we take advantage of the endogenous switching regression model framework to determine whether such predicted optimizing ...
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作者：Parmigiani, Anne; Mitchell, Will
作者单位：University of Oregon; Duke University
摘要：Theories of the firm raise conflicting arguments about how complementarities between two or more components affect firms' knowledge and production boundaries. Traditional arguments in the boundaries of the firm literature suggest that firms will tend to produce sets of complementary components internally, while more recent modularity studies argue that firms can outsource to gain flexibility. We resolve these views by examining concurrent sourcing, which arises when firms both make and buy the...
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作者：Dushnitsky, Gary; Shaver, J. Myles
作者单位：University of Pennsylvania; University of Minnesota System; University of Minnesota Twin Cities
摘要：By highlighting conditions under which viable interorganizational relationships do not materialize, we explore the limitations of interorganizational knowledge acquisition. In the empirical context of corporate venture capital (CVC), we analyze a sample of 1,646 start-up-stage ventures that received funding during the 1990s. Under a regime of weak intellectual property protection (IPP), an entrepreneur-CVC investment relationship is less likely to form when the entrepreneurial invention target...
