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作者:Folta, TB; Janney, JJ
作者单位:Purdue University System; Purdue University; University System of Ohio; University of Dayton
摘要:For young technology firms, acquiring resources can often be costly due to the information asymmetry and uncertainty that exist surrounding the new technology. We contend that firms able to issue private equity can better manage their ability to mobilize three kinds of resources: capital, research partners, and commercial partners. We investigate the existence of long-term, strategic benefits to private placements, and a number of factors may determine the long-term effectiveness of this gover...
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作者:Makhija, MV
作者单位:University System of Ohio; Ohio State University
摘要:Although the value creating effect of firm restructuring which results in a reduction of internal markets (including spin-offs, carve-outs and other divestitures) is generally well accepted for U.S. firms, there is little evidence on the extent to which such arguments can be extended to firms in emerging economies. This study addresses this void in the literature by examining the issue of restructuring in the newly emerging economy of the Czech Republic. Several hypotheses relating to internal...
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作者:Rothaermel, FT; Deeds, DL
作者单位:University System of Georgia; Georgia Institute of Technology; University System of Ohio; Case Western Reserve University
摘要:We link the exploration-exploitation framework of organizational learning to a technology venture's strategic alliances and argue that the causal relationship between the venture's alliances and its new product development depends on the type of the alliance. In particular, we propose a product development path beginning with exploration alliances predicting products in development, which in turn predict exploitation alliances, and that concludes with exploitation alliances leading to products...