1998

最新文章

• Governance and uncertainty: The trade-off between administrative control and commitment AI翻译
  作者：Folta, TB
  作者单位：Purdue University System; Purdue University
  摘要：This study elaborates upon the motives for initiating equity-based collaborations vs. acquisition of another firm already having a desired technology. We characterize both minority direct investments and joint ventures as options to defer either internal development or acquisition of a target firm. In domains where learning about growth opportunities dominates investment activity, this incremental mode of governance economizes on the cost of committing resources to a technology with an uncerta...
• Meta-analytic reviews of board composition, leadership structure, and financial performance AI翻译
  作者：Dalton, DR; Daily, CM; Ellstrand, AE; Johnson, JL
  作者单位：Indiana University System; Indiana University Bloomington; California State University System; California State University Long Beach; University of Arkansas System; University of Arkansas Fayetteville
  摘要：Careful review of extant research addressing the relationships between board composition, board leadership structure, and firm financial performance demonstrates little consistency in results. In general, neither board composition nor board leadership structure has been consistently linked to firm financial performance. In response to these findings, we provide meta-analyses of 54 empirical studies of board composition (159 samples, n=40,160) and 31 empirical studies of board leadership struct...
• The dynamics of learning alliances: Competition, cooperation, and relative scope AI翻译
  作者：Khanna, T; Gulati, R; Nohria, N
  作者单位：Harvard University; Northwestern University
  摘要：We show how the tension between cooperation and competition affects the dynamics of learning alliances. 'Private benefits' and 'common benefits' differ in the incentives that they create for investment in learning. The competitive aspects of alliances are most severe when a firm's ratio of private to common benefits is high. We introduce a measure, 'relative scope' of a firm in an alliance, to show that the opportunity set of each firm outside an alliance crucially impacts its behavior within ...
• Industry structure and CEO characteristics: An empirical study of succession events AI翻译
  作者：Datta, DK; Rajagopalan, N
  作者单位：University of Kansas; University of Southern California
  摘要：Based on 134 CEO succession eve,lts in nondiversified,,manufacturing firms, this study examines the relationships between industry structure and the characteristics of CEO successors. The successors. Results indicate that industry structure plays nn important, but not pervasive, role in explaining variations in newly selected CEOs. Specifically, the higher the level of industry and the greater the likelihood of a nonthroughput background in the CEO successor; the higher the industry growth rat...
• Challenges to existing strategy theory in a postindustrial society AI翻译
  作者：Lowendahl, B; Revang, O
  作者单位：BI Norwegian Business School
  摘要：In the postindustrial era, firms are facing increasing complexity for a number of reasons, two of which are fundamentally altering the competitive context of firms and managers, namely knowledge and technology dissemination. in this article, we argue that these global changes at the societal as well as the individual level affect strategic management theory and practice in two ways: they alter the relationships between firms and external stakeholders (e.g., customers), and they alter the relat...
• Linking corporate strategy to capital structure: Diversification strategy, type and source of financing AI翻译
  作者：Kochhar, R; Hitt, MA
  作者单位：Texas A&M University System; Texas A&M University College Station; Mays Business School; Texas A&M University System; Texas A&M University College Station
  摘要：This study examines the relationship between corporate strategy and capital structure, specifically the diversfication and financing strategies of a firm The results show that equity financing is preferred for related diversification and unrelated diversification is associated with debt financing. Additionally, firms diversifying through acquisitions are more likely to Else public sources af financing and those emphasizing internal development of new businesses depend primarily on private sour...
• On the utilization of resources: Perspectives from the US telecommunications industry AI翻译
  作者：Majumdar, SK
  作者单位：Imperial College London
  摘要：The issue of resource utilization is important in the resource-based stream of work, since the ability of firms to utilize resources is a key indicator of their competitive abilities. This paper specifies,why some firms might be better at utilizing resources than others. Thereafter, it demonstrates how to empirically ascertain differences in resource utilization patterns between firms using the U.S. telecommunications industry as a context. The data envelopment analysis procedure (DEA), which ...
• Uncertainty in the transaction environment: An empirical test AI翻译
  作者：Sutcliffe, KM; Zaheer, A
  作者单位：University of Michigan System; University of Michigan; University of Minnesota System; University of Minnesota Twin Cities
  摘要：Previous studies examining the relationship between uncertainty and vertical integration have produced a conflicting set of results. To clarify this puzzle we drew on the literature to conceptualize three distinct forms of uncertainty-primary, competitive, and supplier-and hypothesized that each had a different effect on vertical integration. The hypotheses were tested using experimental data collected from 308 managers. Consistent with our prediction of differential effects, we found that pri...