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作者：Jacobides, MG; Winter, SG
作者单位：University of London; London Business School; University of Pennsylvania
摘要：This paper proposes that transaction costs and capabilities are fundamentally intertwined in the determination of vertical scope, and identifies the key mechanisms of their co-evolution. Specifically, we argue that capability differences are a necessary condition for vertical specialization; and that transaction cost reductions only lead to specialization when capabilities along the value chain are heterogeneous. Furthermore, we argue that there are four evolutionary mechanisms that shape vert...
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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：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：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...
