-
作者：Karim, S; Mitchell, W
作者单位：University of Michigan System; University of Michigan
摘要：This paper studies how firms use acquisitions to achieve long-term business reconfiguration. We base the study in a routine-based perspective on business dynamics. We develop and test hypotheses concerning the relative extent of change by acquiring and non-acquiring businesses, focusing art product line addition, retention, and deletion as forms of changing resources. We develop and test hypotheses that compare and contrast resource-deepening and resource extension arguments. We test the hypot...
-
作者：Merchant, H; Schendel, D
作者单位：Simon Fraser University; Purdue University System; Purdue University
摘要：This study attempts to identify conditions under which announcements of international joint venture (JV) formation lead to increases in shareholder value of participating U.S. firms. It does so by combining the singular theoretical foci of previous work an the topic and specifying previously unconsidered, bur conceptually important, influences on firms' expected JV performance. The study's findings indicate support for the hypothesized effect of variables in partners' task-related, competitive...
-
作者：Helfat, CE; Raubitschek, RS
作者单位：Dartmouth College
摘要：This article provides a conceptual model that explains how the coevolution of organizational knowledge, capabilities, and products over long time spans can result in competitive advantage through innovation and strategic linkage of products at a point in time and over time. At the heart of the model are sequences of products within and across markets, supported by an underlying system of knowledge and systems of learning. This dynamic model brings the importance of the products themselves, sup...
-
作者：Thomsen, S; Pedersen, T
作者单位：Aarhus University; Copenhagen Business School
摘要：The paper examines the impact of ownership structure on company economic performance in 435 of the largest European companies. Controlling for industry, capital structure and nation effects we fmd a positive effect of ownership concentration on shareholder value (market-to-book value of equity) and profitability (asset returns), but the effect levels off for high ownership shares. Furthermore we propose and support the hypothesis that the identity of large owners - family, bank, institutional ...
-
作者：Simerly, RL; Li, MF
作者单位：California State University System; California State University Northridge; University of North Carolina; East Carolina University
摘要：An ongoing argument in financial management has been how to craft a capital structure which maximizes shareholder wealth. This question has gained prominence within the strategic management field because of the apparent link between capital structure and the ability of firms to compete. By integrating models from organizational economics with the strategic management literature, we are able to theorize that a firm's capital structure is influenced by environmental dynamism, and that the match ...
-
作者：Cockburn, IM; Henderson, RM; Stern, S
作者单位：Massachusetts Institute of Technology (MIT); Boston University; National Bureau of Economic Research
摘要：This paper begins to reconcile competing perspectives on the origins of competitive advantage by examining the adoption of 'science-driven' drug discovery, a performance-enhancing organizational practice. Science-driven drug discovery diffused slowly, allowing us to disentangle alternative theories of organizational heterogeneity. Adoption is driven by initial conditions, time-varying internal and external environmental conditions, and convergence (firms positioned least favorably adopt most a...
-
作者：Eisenhardt, KM; Martin, JA
作者单位：Stanford University
摘要：This paper focuses on dynamic capabilities and, more generally, the resource-based view of the firm. We argue that dynamic capabilities are a set of specific and identifiable processes such as product development, strategic decision making, and alliancing. They are neither vague nor tautological. Although dynamic capabilities are idiosyncratic in their details and path dependent in their emergence, they have significant commonalities across firms (popularly termed 'best practice'). This sugges...
-
作者：Pegels, CC; Song, YI; Yang, B
作者单位：State University of New York (SUNY) System; University at Buffalo, SUNY
摘要：One of the fundamental problems in strategic management is to map a heterogeneous set of firms in an industry into subsets of firms within which firms are homogeneous in their conduct and performance. The strategic group concept provides an answer to this intriguing question. Reseachers in strategic group theory argue that firms within the same strategic group are behaviorally similar and thus tend to compete more fiercely within the group than across groups. in this paper; we focus on the que...
-
作者：Ahuja, G
作者单位：University of Texas System; University of Texas Austin
摘要：I argue that the linkage-formation propensity of firms is explained by simultaneously examining both inducement and opportunity factors. Drawing upon resource-based and social network theory literatures I identify three forms of accumulated capital-technical, commercial, and social-that can affect a firm's inducements and opportunities to form linkages. Firms possessing these capital stocks enjoy advantages in linkages formation. However, firms lacking these accumulated resources can still for...
-
作者：Doz, YL; Olk, PM; Ring, PS
作者单位：Loyola Marymount University; INSEAD Business School; University of Denver
摘要：Research into network formation generally takes one of two approaches. Either it examines the outcomes of variations in the context and motives of the formation without examining the dynamics of the process, or it identifies the sequence of activities during the formation but does not examine variations within the formation. lit this paper we complement both approaches by examining variations within the formation process and their consequences. We take an exploratory approach. Our analysis of ...
