6期

最新文章

• Management and ownership effects: Evidence from five countries AI翻译
  作者：Gedajlovic, ER; Shapiro, DM
  作者单位：Rutgers University System; Rutgers University New Brunswick; Simon Fraser University
  摘要：Despite the growing recognition in the corporate governance literature that the relationship between ownership concentration and profitability is context dependent, this issue has not yet been subjected to direct empirical investigation using a single cross-national sample. This study empirically examines the ownership concentration-performance relationship across the nations of Canada, France, Germany, the United Kingdom, and the United Stares. Essentially, we argue that the correlation (if a...
• The design of coordination and control mechanisms for managing joint venture parent relationships AI翻译
  作者：Kumar, S; Seth, A
  作者单位：University of Houston System; University of Houston; University of Illinois System; University of Illinois Urbana-Champaign
  摘要：Joint ventures (JVs), defined as independent organizations formed by the pooling of resources and sharing of equity by two or more firms, are being formed at an increasingly rapid pace. While much empirical research has examined the conditions which favor the formation of JVs, less attention has been paid to the equally important issues of control and implementation which are the focus of interest in this study. We identify two factors which are expected to influence the design of control mech...
• Technology development mode: A transaction cost conceptualization AI翻译
  作者：Robertson, TS; Gatignon, H
  作者单位：University of London; London Business School; INSEAD Business School
  摘要：Technology alliances have emerged in the past decade as a significant mode for the development of innovation. The present research assesses the factors explaining whether firms will engage in such technology alliances or utilize the more traditional mode of internal R&D. The hypotheses stem from a transaction cost conceptualization. Results suggest that firms which pursue technology alliances are likely to have less commitment to product category-specific assets, to face higher technological u...
• Agency problems as antecedents to unrelated mergers and diversification: Amihud and Lev reconsidered AI翻译
  作者：Lane, PJ; Cannella, AA; Lubatkin, MH
  作者单位：Indiana University System; Indiana University Indianapolis; Texas A&M University System; Texas A&M University College Station; University of Connecticut
  摘要：Amihud and Lev (1981) are widely cited as providing evidence that managers, unless closely monitored by large black shareholders, will attempt to reduce their employment risk through unrelated mergers and diversification. These corporate strategies, however, may not be in shareholders' interests. Reconsidering the agency assumptions underlying Amihud and Lev's study and the methodology they used we develop hypotheses regarding the association between ownership structure, board vigilance, corpo...
• 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...