Increasingly, financial analysts are influencing the strategy formation process of corporations, but so far little attention has been paid to the complex processes of interaction and the corresponding strategic outcomes. This article discusses these influences through different theoretical...

The questions of how management consultants' performance can be measured and whether the use of success fees is an appropriate tool for enhancing consultant performance have been subjects of controversial discussions. Despite of the usual principal-agent-theoretical arguments that favour such...

Gerade in Zeiten bedeutender Veränderungen und Umbrüche ist es für die langfristige Entwicklung von Unternehmen wichtig, diese strategisch, d.h. im Sinne einer nachhaltigen Auswirkung auf ihre Fähigkeiten, zu führen. Dieser Band vereint, aus Anlass des 65. Geburtstages von Werner Kirsch,...

In this study we analyze how the composition of the top management team (TMT) influences the portfolio strategy choice in venture capital (VC) organizations. We develop a model of risk perception to investigate how education and experience of TMT members impact whether VC organizations invest...

Purpose: In a contribution to the emerging research examining Chinese cross-border acquisitions (CBAs), the authors observe experiential learning applications for enhancing M&A completions. By emphasizing knowledge transfer, the authors reveal how target-to-target industry similarity and...

Purpose: Sensemaking models generally lack an objective determinant to distinguish between CEO fault and changes in systematic risk caused by exogenous negative shocks like a banking crisis. The interdisciplinary approach of this paper combines attribution theory with econometric time series...