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作者:Dowell, Glen; Swaminathan, Anand
作者单位:University of Notre Dame; University of California System; University of California Davis
摘要:We explore the relationship between a firm's entry timing and its probability of surviving the early, uncertain period of its industry, and consider the trade-off between entering early and potentially establishing a strong position in the industry vs. waiting until technological uncertainty is reduced. We hypothesize that, owing to inertial forces, firms that enter the industry at the earliest point in its history are least likely to make the conversion to the product generation that becomes ...
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作者:Berry, Heather
作者单位:University of Pennsylvania
摘要:This study analyzes when different foreign investment location choices are value creating for firms at different stages of international expansion. I argue that because direct investment in developing countries is riskier than in advanced countries, shareholders may not value a firm's investment in developing countries until that firm has experience from previous international investments and capabilities to better manage and hedge the higher levels of risk and uncertainty. Using a panel of 19...
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作者:Fosfuri, Andrea
作者单位:Universidad Carlos III de Madrid
摘要:The licensing of technology entails a trade-off: licensing payments net of transaction costs (revenue effect) must be balanced against the lower price-cost margin and/or reduced market share implied by increased competition (profit dissipation effect) from the licensee. We argue that the presence of multiple technology holders, which compete in the market for technology, changes such a trade-off and triggers more aggressive licensing behavior. To test our theory, we analyze technology licensin...
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作者:Basdeo, Dax K.; Smith, Ken G.; Grimm, Curtis M.; Rindova, Violina P.; Derfus, Pamela J.
作者单位:University System of Maryland; University of Maryland College Park
摘要:Drawing on signaling theory, we hypothesize that a firm's reputation is shaped by its own market actions and the actions of its industry rivals. We view market actions as signals that convey information about the underlying competencies of firms and influence stakeholder evaluations of them. We find that the total number of a firm's market actions, the complexity of its action repertoire, the time lag in rivals' responses to its actions, and the similarity of its repertoire with those of its r...
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作者:Slater, Stanley F.; Olson, Eric M.; Hult, G. Tomas M.
作者单位:Colorado State University System; Colorado State University Fort Collins; University of Colorado System; University of Colorado at Colorado Springs; Michigan State University; Michigan State University's Broad College of Business
摘要:An effective strategy formation capability is a complex organizational resource-a dynamic capability that should lead to superior performance. Strategy scholars have examined the strategy formation capability from many perspectives. However, no study has examined a comprehensive model of strategy formation in the context of the firm's strategic orientation. We develop and examine such a model. The results show that strategic orientation moderates the relationship between different elements of ...