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Full-Text Articles in Business
The Appropriateness Of Different Modes Of Strategy From A Product-Market Perspective, Tilottama G. Chowdhury, Sreedhar Madhavaram, S. Ratneshwar, Rhetta Standifer
The Appropriateness Of Different Modes Of Strategy From A Product-Market Perspective, Tilottama G. Chowdhury, Sreedhar Madhavaram, S. Ratneshwar, Rhetta Standifer
Business Faculty Publications
Strategy-making is an important yet complex task. The present research examines the issue of strategy mode, that is, the manner or style in which strategy is determined in an organization. Prior researchers have proposed various typologies for strategy modes. However, research into which strategy modes are appropriate to what kinds of firm situations and contexts has been limited. Specifically, there has been no research that explores strategy modes from a marketing environment perspective. Given that research at the intersection of marketing and management disciplines has often produced mutually beneficial, rich insights, we approach strategy modes from a product-market perspective and …
Capital Structure Deviation And Speed Of Adjustment, Tarun Mukherjee, Wei Wang
Capital Structure Deviation And Speed Of Adjustment, Tarun Mukherjee, Wei Wang
Business Faculty Publications
As a firm deviates from its target leverage, marginal bankruptcy costs change at a faster speed than marginal tax shield. This renders the speed of adjustment (SOA) of capital structure an increasing function of the starting deviation from the target. Adopting a bootstrapping-based estimation, we confirm the existence of such heterogeneity in SOA that is statistically significant and economically nontrivial. Typically, if Firm A is one standard deviation (about 17%) and Firm B is two standard deviations away from their leverage targets, then B’s SOA is 41% greater than that of A, and the half life of B’s leverage deviation …
The Effects Of Top Management Team External Ties And Board Composition On The Strategic Choice Of Late Movers, Jae Wook Yoo, Richard Reed
The Effects Of Top Management Team External Ties And Board Composition On The Strategic Choice Of Late Movers, Jae Wook Yoo, Richard Reed
Business Faculty Publications
Within the context of the monitoring and control function of the board, we extend previous work on the agency view of governance. We examine how the top managers' external ties and board composition directly and interactively influence the strategic choices of firms. Our results indicate that top managers with intra-industry knowledge and experience tend to adopt a resource-imitation strategy whereas those with knowledge and experience from other industries tend to adopt a resource-substitution strategy. The separation of CEO and board chairperson duties also affects strategy selection. In terms of interaction effects, we find that boards with a high ratio of …
Commercialization Of Innovations: An Overarching Framework And Research Agenda, Avimanyu Datta, Richard Reed, Len Jessup
Commercialization Of Innovations: An Overarching Framework And Research Agenda, Avimanyu Datta, Richard Reed, Len Jessup
Business Faculty Publications
Purpose – The commercialization of innovation, which is key to entrepreneurial success, is a combination of several entrepreneurial activities. Building on research from fields of management, strategy, entrepreneurship, economics, and marketing, the paper summarized the extant literature to develop a framework of commercialization and an agenda for future research. The paper aims to discuss these issues. Design/methodology/approach – Extensive review of literature, which was comprised of 194 articles across 62 journals in the fields of management, strategy, entrepreneurship, economics, and marketing. Findings – The literature was categorized into six broad themes of entrepreneurial activities: sources of innovations, types of innovation, …
Corporate Reputation And The Commercialization Of Innovation: Does Reputation Match Reality, And Does Innovation Matter?, Avimanyu Datta, Len Jessup, Richard Reed
Corporate Reputation And The Commercialization Of Innovation: Does Reputation Match Reality, And Does Innovation Matter?, Avimanyu Datta, Len Jessup, Richard Reed
Business Faculty Publications
We seek to understand which firms excel at innovation and commercialization. In doing so, we first ranked companies that performed well on four measures: spending on R&D Spending (2006), Patenting (cumulative 2006 and 2007) and Commercialization of Innovations (Cumulative for 2007 and 2008). We then compared our rankings with that of Business Week/Boston Consulting Group’s annual ranking of the most innovative companies, which primarily is based on reputation measured as perceptions among sitting CEO’s. Somewhat surprisingly, there is not complete overlap between our more quantitative ranking and the one done by Business Week/BCG, and we highlight the reasons why. Second, …
Absorptive Capacity And Failed Cross Border M&A, Ping Deng
Absorptive Capacity And Failed Cross Border M&A, Ping Deng
Business Faculty Publications
Purpose – Chinese companies are increasingly using cross-border mergers and acquisitions (M&A) to source knowledge or strategic assets. For many, global acquisitions have proven to be highly problematic and value-destroying. The purpose of this paper is to address this critical acquisition failure issue from an absorptive capacity perspective. Design/methodology/approach – Guided by the framework that focuses on how acquiring a firm's weak absorptive capacity damages its ability to assimilate, integrate and apply external new knowledge, one high-profile Chinese failed acquisition: TCL acquisition of France's Thomson's TV business in 2004 is analyzed empirically. Findings – Acquisition performance of Chinese overseas M&A …