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作者：Delmas, M; Tokat, Y
作者单位：University of California System; University of California Santa Barbara; The Vanguard Group, Inc.
摘要：The business strategy literature offers apparently opposite views of the ability of vertical integration to cope with the uncertainty related to changing regulatory environments. In this paper, we analyze how the process of retail deregulation affects the comparative efficiency of governance structures, which range on a continuum from fully vertically integrated structures to market transactions. Based on the analysis of 177 U. S. electric utilities from 1998 to 200 1, our results show that th...
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作者：Kumar, MVS
作者单位：City University of New York (CUNY) System; Baruch College (CUNY)
摘要：This study examines the value created from acquiring and divesting a joint venture. Unlike previous research which focuses on parent firm factors, the study examines value in light of the reason behind the termination of the venture and the characteristics of the target market. Consistent with the real options view, the paper finds that ventures divested to refocus a parent firm's product market portfolio were associated with significant value creation. In contrast, ventures acquired with the ...
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作者：Bell, GG
作者单位：University of Minnesota System; University of Minnesota Duluth
摘要：This paper extends current knowledge of industry clusters by disentangling the effects of networks from cluster (i.e., distinctly geographic) mechanisms on firm performance as well as by studying the influence of these different mechanisms on firms located inside and outside the industry cluster. It also highlights the importance of simultaneously modeling multiple networks which may differentially influence important firm outcomes. In the paper, I model the innovativeness of Canadian mutual f...
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作者：Nachum, L; Zaheer, S
作者单位：City University of New York (CUNY) System; Baruch College (CUNY); University of Minnesota System; University of Minnesota Twin Cities
摘要：Why do firms go abroad when technology makes it possible to do business at a distance? We argue that the cost of distance differentially affects investment motivations across industries. We find support for this hypothesis in a study of U.S. inward and outward FDI. Knowledge seeking and efficiency seeking are the two most important explanations for international activity in information-intensive industries, reinforcing the value of intangible resources in this sphere. In less information-inten...
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作者：Chang, SJ; Park, S
作者单位：Korea University
摘要：This study identifies and examines sources of network externalities that influence MNCs to agglomerate their foreign operations in specific regions. Using data for Korean firms that invested in China, this study found that network externalities were sensitive to the types of firms constituting a regional network. It also found stronger network externalities within firms than across firms, from firms of the same nationality than from those of different nationalities, and from firms in the same ...
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作者：Johnson, JL; Ellstrand, AE; Dalton, DR; Dalton, CM
作者单位：University of Arkansas System; University of Arkansas Fayetteville; Indiana University System; Indiana University Bloomington; IU Kelley School of Business
摘要：This study examines the impact that the publication of ratings of boards of directors by the business press has on stockholder wealth. We report findings from an event study of price reactions to the publication of Business Week's 1996 and 1997 ratings of boards of directors of U.S. corporations. As hypothesized, favorable ratings resulted in significant positive abnormal returns after controlling for market effects and confounding events, with only novel information explaining statistical var...
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作者：Wiggins, RR; Ruefli, TW
作者单位：University of Memphis; University of Texas System; University of Texas Austin; University of Texas System; University of Texas Austin
摘要：At the center of Schumpeter's theory of competitive behavior is the assertion that competitive advantage will become increasingly more difficult to sustain in a wide range of industries. More recently, this assertion has resurfaced in the notion of hypercompetition. This research examines two large longitudinal samples of firms to discover which industries, if any, exhibit performance that is consonant with Schumpeterian theory and the assertions of hypercompetition. We find support for the ar...
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作者：White, S; Lui, SSY
作者单位：INSEAD Business School; City University of Hong Kong
摘要：Firms simultaneously face the need to cooperate with and control an alliance partner. To complement the transaction cost perspective's emphasis on the need to control and limit opportunistic behavior, we examine the sources and impact of the cooperation costs incurred in order to work with a partner. We propose that these costs increase with greater joint task complexity and interpartner diversity, and perceptions of equitable behavior affect the perceptions of these costs. Hypotheses derived ...
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作者：Ruefli, TW; Wiggins, RR
作者单位：University of Texas System; University of Texas Austin; University of Texas System; University of Texas Austin; University of Memphis
摘要：In the comment on Ruefli and Wiggins (2003), a number of points tire made supporting the variance component analysis approach to determining the importance of industry corporate, and business segment factors on business segment performance. This response addresses in more detail the nature of the methodological and statistical assumptions made by variance components analysis or ANOVA and their implications for the 'puzzling' results obtained when these techniques are employed. The response the...
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作者：Kor, YY; Mahoney, JT
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University of Delaware
摘要：To help understand how firms develop and maintain dynamic capabilities, we examine the effects of the dynamics, management, and governance of R&D and marketing resource deployments on firm-level economic performance. In a sample of technology-based entrepreneurial firms, we find that a history of increased investments in marketing is an enduring source of competitive advantage. We also find that managers' firm-specific experience positively moderates the relationship between R&D deployment int...
