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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 ...
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作者：Brouthers, KD; Brouthers, LE
作者单位：University of East London; University of Texas System; University of Texas at San Antonio
摘要：In this paper, we develop and test a model of diversification mode choice (how firms decide between acquisitions and greenfield start-up ventures) which includes institutional, cultural, and transaction cost variables. Using a sample of Japanese firms entering western Europe, our results show the model correctly predicts over eighty-seven percent of the mode choices. Thus, we provide strong initial evidence to support using institutional, cultural and transaction cost variables to predict firm...
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作者：Chung, S; Singh, H; Lee, K
作者单位：University of Pennsylvania; Yonsei University; Seoul National University (SNU)
摘要：Using data on U.S. investment banking firms' syndication in underwriting corporate stock offerings during the 1980s, this study explores the factors that drive alliance formation between two specific firms. We compare resource complementarity, status similarity, and social capital as a basis of alliance formation. The findings indicate that the likelihood of investment banks' alliance formation is positively related to the complementarity of their capabilities, as well as their status similari...
