The dynamic capabilities framework has emerged as a growing area of research within business disciplines — the framework seeks to explain how and why firms adapt successfully to changes in their environments. Yet, whether such capabilities are effective in periods of environmental changes that...

The dynamic capabilities framework has emerged as a growing area of research within business disciplines—the framework seeks to explain how and why firms adapt successfully to changes in their environments. Yet, whether such capabilities are effective in periods of environmental changes that...

Within transition economies, a popular tactic for revitalizing large and inefficient stateowned enterprises (SOEs) is to privatize them. Unfortunately, the empirical evidence related to this issue is equivocal. This study, therefore, explores more deeply what the relationship may be between...

We develop the concept of corporate governance deviance and seek to understand why, when, and how a firm adopts governance practices that do not conform to the dominant governance logic. Drawing on institutional theory, coupled with the entrepreneurship and corporate governance literatures, we...

This study examined the impact of complementary top management teams (defined as functional experience differences between the acquiring and acquired firms) on post-acqusition performance. Based on a sample of 147 acqusitions between 1986-88, we find that complementary backgrounds have a...

The level of a board of director's involvement in strategic decisions can be viewed as an institutional response or as a strategic adaptation to external pressures for greater board involvement. We examined the antecedents and effects of board involvement from both the institutional and...

This study refined and extended some previous research on strategic decision making speed. Decision speed was associated with simultaneous consideration of multiple alternatives, regardless of environmental context. In contrast, the relationship between board experience and decision speed was...

Purpose – Successful firms must exploit existing markets while simultaneously exploring new market opportunities. However, skills required to do both simultaneously are often at odds with each other. To reconcile this dilemma, the authors aim to discuss the new concept of “strategic...