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Why New Business Development Projects Fail: Coping with the Differences of Technological versus Market Knowledge
Van Den Bosch, Frans A J; Burgers, Burgers, J.H.; … - Erasmus Research Institute of Management (ERIM), … - 2007
Managing through projects has become important for generating new knowledge to cope with technological and market discontinuities. This paper examines how the fit between the creation of technological and market knowledge and important project management characteristics, i.e. project autonomy...
Persistent link: https://www.econbiz.de/10010731292
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Can the stock market anticipate future operating performance? Evidence from equity rights issues
Kabir, Kabir, R.; Roosenboom, Roosenboom, P.G.J. - Erasmus Research Institute of Management (ERIM), … - 2002
This paper examines whether the stock market valuation impact is consistent with subsequent operating performance of firms. We use data for equity rights offerings - the widely adopted flotation method in the Netherlands. We first examine the stock market announcement effect of rights issues and...
Persistent link: https://www.econbiz.de/10010731124
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Do Countries or Industries Explain Momentum in Europe?
Swinkels, Laurens A. P.; Verbeek, Marno; Nijman, … - Erasmus Research Institute of Management (ERIM), … - 2002
The driving force behind the well-documented medium term momentum effect in stock returns is subject of much debate. Empirical papers that aim to find the determinants of this return continuation, seem to be almost exclusively restricted to US stock markets. Consequently, regional effects have...
Persistent link: https://www.econbiz.de/10010731427
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Dividing the Pie
van Dijk, Mathijs A.; Flood, M.D.; Koedijk, Koedijk, C.G.; … - Erasmus Research Institute of Management (ERIM), … - 2002
We examine the consequences of transparency in an experimental multiple-dealer market with asymmetrically informed dealers. Five professional securities traders make a market for a single security. In each trading round, one of the dealers (the "insider") is told the security's true value. We...
Persistent link: https://www.econbiz.de/10010837545
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Asset prices and omitted moments; A stochastic dominance analysis of market efficiency
Post, Post, G.T. - Erasmus Research Institute of Management (ERIM), … - 2003
We analyze if the value-weighted stock market portfolio is second-order stochastic dominance (SSD) efficient relative to benchmark portfolios formed on market capitalization, book-to-market equity ratio and industry classification. During the period from the mid-1970s to the late 1980s, the...
Persistent link: https://www.econbiz.de/10010730961
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Statistical Inference on Stochastic Dominance Efficiency. Do Omitted Risk Factors Explain the Size and Book-to-Market Effects?
Post, Post, G.T. - Erasmus Research Institute of Management (ERIM), … - 2003
This paper discusses statistical inference on the second-order stochastic dominance (SSD) efficiency of a given portfolio relative to all portfolios formed from a set of assets. We derive the asymptotic sampling distribution of the Post test statistic for SSD efficiency. Unfortunately, a test...
Persistent link: https://www.econbiz.de/10010731529
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Takeover defenses and IPO firm value in the Netherlands
Roosenboom, Roosenboom, P.G.J.; van der Goot, T. - Erasmus Research Institute of Management (ERIM), … - 2003
The central question of this study involves the relation between the use of takeover defenses and IPO firm value. We … report that management frequently uses takeover defenses before taking the firm public. The use of takeover defenses is … reduce the price they pay for the IPO shares if takeover defenses are adopted. Although managers internalize this cost of …
Persistent link: https://www.econbiz.de/10010837490
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Forensic Finance
Verwijmeren, Verwijmeren, P. - Erasmus Research Institute of Management (ERIM), … - 2014
__Abstract__ The financial world does not have the best reputation. One of the problems is the perceived lack of integrity of financial markets, which is fuelled by examples of financial misconduct. I argue that with financial data becoming more widely available and constantly improving,...
Persistent link: https://www.econbiz.de/10011149192
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Knowledge Management as a Strategic Tool to Foster Innovativeness of SMEs
Zhou, Zhou, H.; Uhlaner, Uhlaner, L.M. - Erasmus Research Institute of Management (ERIM), … - 2009
This study examines the relationship between knowledge management (KM) (in terms of external acquisition and internal sharing) and innovation behavior. The concept of absorptive capacity and assumptions from the dynamic capabilities view underlie the proposed framework and hypotheses. The...
Persistent link: https://www.econbiz.de/10010730921
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Moving in Social Circles – Social Circle Membership and Performance Implications
Verbeke, Verbeke, W.J.M.I.; Wuyts, Wuyts, S.H.K. - Erasmus Research Institute of Management (ERIM), … - 2006
We investigate social circles in intra-firm settings. First, we argue that social circles are inhabited by individuals whose attitudes display fit with the objectives of the social circle rather than more self-centered instrumentalism or calculation. For a test of this hypothesis, we distinguish...
Persistent link: https://www.econbiz.de/10010731117