Corporate Strategy

The Dark Side of Institutional Intermediaries

Investors and entrepreneurs face uncertainty when deciding what firms to start and fund. We show that an intermediation effort to make entry easier for entrepreneurs increases the uncertainty that entrepreneurs…

Read More

Hyperspecialization and Hyperscaling: A Resource-Based Theory of the Digital Firm

Digital firms tend to be both nar-row in their vertical scope and large in their scale. Weexplain this phenomenon through a theory about howattributes of firms’ resource bundles impact their…

Read More

How Does a Partner’s Acquisition Affect the Value of the Firm’s Alliance with That Partner?

How does an acquisition initi-ated by a firm’s alliance partner affect the value thatthe firm can create and capture from its alliance withthat partner? We conjecture that the similarity betweenthe…

Read More

The effect of coordination requirements on sourcing: Evidence from patent prosecution services

Although the link betweencoordination requirements and vertical integration istheoretically well established, empirical tests of thisrelationship are hard to implement due to the simulta-neous determination of both variables. In this study,we…

Read More

Market Exit: Divestment or Redeployment

Originally published at SMS Journals Press Releases Multi-business firms have flexibility advantages over single-business rivals because they have the option to redeploy resources across businesses. This flexibility, it has been…

Read More

Uneven Knowledge Geographies and Corporate Knowledge Strategies

by Pengfei Li and Harald Bathelt Think about where innovative firms in high-tech industries are based: Silicon Valley, Boston, Shenzhen, Bangalore, Waterloo, Tel Aviv, London, Berlin, Toronto, and so on.…

Read More

The Corporate Parenting Advantage, Revisited

By Emilie R. Feldman GE, Alphabet, Siemens, Facebook, Honeywell, Amazon, LVMH, Apple, and 3M. What do these companies have in common? All of them are modern-day “corporate parents” that own…

Read More

Strategic Responses to Crisis

A Virtual Special Issue edited by Matthias Wenzel, Sarah Stanske, and Marvin Lieberman Currently, the pandemic crisis is affecting the lives of people and organizations around the world. As the…

Read More

Research Chatter 6: Experimental Capitalism

by Charlie Williams   In this episode we discuss Steven Klepper’s new book, Experimental Capitalism. The book synthesizes Klepper’s wide-ranging industry studies to examine the origins and impact of US…

Read More