We consider the dynamics of knowledge-based sources of advantage as they move betweengeographical locations and multinational and other firm level networks using the specialistcontext of Formula 1 motor over a fifty nine year period. We suggest that shifts incompetitive advantage are underpinned...

This project examines the role of venture capitalists (VCs) as disseminators of knowledge in the cluster of high-technology businesses that have spun off from research undertaken at the University of Southampton UK. The analysis was inspired by work of Zook on the Internet industry in the San...

The predominant assumption in the management literature is that corporate valuesare internalised into organisational members' personal value systems. Corporatevalues, viewed in this way, perform a controlling role in organisations, consistentwith the characteristics of a deliberate strategy...

We develop a bargaining model that assumes a senior creditor can exert strong control over whether a firm reorganizes as a going-concern or liquidates during the bankruptcy process. The estimable parameters of the model allow us to gauge the efficiency of bankruptcy outcomes using a large sample...

We develop a bargaining model that assumes a senior creditor can exert strong control over whether a firm reorganizes as a going-concern or liquidates during the bankruptcy process. The estimable parameters of the model allow us to gauge the efficiency of bankruptcy outcomes using a large sample...

We study the risks and returns of syndicated corporate loans, which have become an actively managed asset class due to the emergence of nonbank institutional investors. We show that the returns to corporate loans have slightly negative interest rate duration and time-varying exposure to default...

This first collection of articles for global strategy focuses on the relatively new phenomenon of Emerging Market Multinational Enterprises (EMNEs). The first topic to draw real attention to articles in Global Strategy Journal, the study of EMNEs challenges many assumptions about what...

Outsourcing knowledge and innovation activities offer cost savings and superior performance, but can also put a firm’s unique resources and capabilities at risk. Characterizations of outsourcing as a make-or-buy decision do not fit well with decisions on knowledge process outsourcing (KPO)....

Our study examines the conditions under which firms enter into strategic alliances subsequent to knowledge spillovers. We propose that spillovers serve as signals of knowledge dependence and potential complementarity, encouraging alliance formation to enable better learning and limit...