While strategy researchers have devoted considerable attention to the role of firm-specific capabilities in the pursuit of competitive advantage, less attention has been directed at how firms obtain these capabilities from outside a firm's boundaries. This study analyzes how firms' network ties...

This paper argues that business groups in emerging economies exert dual effects on innovation. While groups encourage innovation by providing institutional infrastructures, groups also discourage innovation by creating entry barriers for small and non-group firms and inhibiting the proliferation...

As a closed political economy becomes more open, the types and destinations of political ties that generate strategic benefits for firms change. In closed markets, the greatest benefits arise from formal ties to central political leaders. In more open markets, the benefits shift to informal ties...

Business groups in emerging economies frequently use international joint ventures (IJV) as a channel for knowledge acquisition and technology advancement. While IJVs provide a business group with access to new technology, how successful a group is in exploiting that new knowledge for innovative...

We analyze innovation in emerging and newly industrialized economies over the past 30 years, with the emphasis being on Asian economies. We use US patent data to study how the innovative capabilities of Taiwan, Korea, Hong Kong and Singapore have expanded in relation to emerging economies in...

Prior work notes that capital markets benefit innovation by providing financial resources to firms, but also argues that capital markets may inhibit innovation by inducing short-termism. We revisit the capital market-innovation link by examining how securities analysts influence firms’...

This study investigates the relationship between technological diversification and the productivity of firms' R&D. Using a panel dataset of U.S. manufacturing firms during the period of 1983-2002, we find the following: First, the firm-specific pool of knowledge spillovers has a non-linear...

This paper investigates whether public support for small and medium-sized enterprises (SMEs) creates incentives for their reluctance to grow. Our main hypothesis is that SMEs have an incentive to hinder their growth as they approach SME eligibility thresholds beyond which public support ceases....

This paper investigates whether the type of technological regime moderates the effects of entry timing, entry size (i.e., initial resources), and active (post-entry) learning on firm survival. By analyzing a unique dataset of newly founded Korean manufacturing firms, we find that the effects of...