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作者:Dushnitsky, G; Lenox, MJ
作者单位:University of Pennsylvania; Duke University
摘要:We explore the conditions under which firms are likely to pursue equity investment in new ventures as a way to source innovative ideas. We find that firms invest more in new ventures-commonly referred to as 'corporate venture capital'-in industries with weak intellectual property protection and, to some extent, in industries with high technological ferment and where complementary distribution capability is important. Furthermore, we find that the greater a firm's cash flow and absorptive capac...
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作者:Chacar, A; Vissa, B
作者单位:INSEAD Business School; State University System of Florida; Florida International University
摘要:By drawing a theoretical distinction between the persistence of superior and poor performance, we reconcile the conflicting predictions of the 'revisionist' and accepted views on the persistence of firm performance in emerging economies. Using a sample of manufacturing firms in the United States and India, we show that superior firm performance in emerging economies persists only as much as developed economies in line with the revisionist argument. We also provide evidence consistent with the ...
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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:Kor, YY; Leblebici, H
作者单位:University of Delaware; University of Illinois System; University of Illinois Urbana-Champaign
摘要:Using key insights from the resource-based view of the firm, we develop and test a theory of how firms can successfully deploy and develop their strategic human assets while managing the trade-offs in their service and geographical diversification strategies. In a sample of large law firms we find that, even though firms profit from expert human-capital leveraging strategy and service and geographical diversification strategies individually, pursuing these strategies simultaneously at high lev...