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Technological Innovation and Acquisitions

Zhao, Xinlei - In: Management Science 55 (2009) 7, pp. 1170-1183

I examine whether technological innovation is a motivating factor in firms' acquisition decisions and how an acquisition (or an acquisition withdrawal) affects technological innovation in subsequent years. I find that firms engaging in acquisition activities are less innovative and have often...

Persistent link: https://www.econbiz.de/10009208801

Does Good Science Lead to Valuable Knowledge? Biotechnology Firms and the Evolutionary Logic of Citation Patterns

Gittelman, Michelle; Kogut, Bruce - In: Management Science 49 (2003) 4, pp. 366-382

of 116 biotechnology firms during the period 1988--1995. In models that link scientific capabilities to patent citations …

Persistent link: https://www.econbiz.de/10009191914

Market Madness? The Case of Mad Money

Engelberg, Joseph; Sasseville, Caroline; Williams, Jared - In: Management Science 58 (2012) 2, pp. 351-364

We use the popular television show Mad Money, hosted by Jim Cramer, to test theories of attention and limits to … arbitrage. Stock recommendations on Mad Money constitute attention shocks to a large audience of individual traders. We … a direct measure of attention, we find that the overnight return is strongest when high-income viewership is high. We …

Persistent link: https://www.econbiz.de/10010990576

Managerial Allocation of Time and Effort: The Effects of Interruptions

Seshadri, Sridhar; Shapira, Zur - In: Management Science 47 (2001) 5, pp. 647-662

aspect of this problem is how the manager deals with interruptions. Different rules of attention allocation are proposed, and …

Persistent link: https://www.econbiz.de/10009214611

Volume and Price Patterns Around a Stock's 52-Week Highs and Lows: Theory and Evidence

Huddart, Steven; Lang, Mark; Yetman, Michelle H. - In: Management Science 55 (2009) 1, pp. 16-31

We provide large sample evidence that past price extremes influence investors' trading decisions. Volume is strikingly higher, in both economic and statistical terms, when the stock price crosses either the upper or lower limit of its past trading range. This increase in volume is more...

Persistent link: https://www.econbiz.de/10009218333

Network Progeny? Prefounding Social Ties and the Success of New Entrants

Roberts, Peter W.; Sterling, Adina D. - In: Management Science 58 (2012) 7, pp. 1292-1304

Entrepreneurs that were employed by successful industry incumbents prior to founding tend to confer advantages on their new organizations. We propose and then demonstrate a similar "network progeny" effect rooted in the social relationships that form among entrepreneurs. Our analysis of new...

Persistent link: https://www.econbiz.de/10010990546

Localization of Knowledge and the Mobility of Engineers in Regional Networks

Almeida, Paul; Kogut, Bruce - In: Management Science 45 (1999) 7, pp. 905-917

networks vary by region, there should be regional variations in the localization of spillovers. We investigate the relationship … citations of important semiconductor innovations. We find that knowledge localization is specific to only certain regions … knowledge. The flow of knowledge is embedded in regional labor networks. …

Persistent link: https://www.econbiz.de/10009209193

Network-Independent Partner Selection and the Evolution of Innovation Networks

Baum, Joel A. C.; Cowan, Robin; Jonard, Nicolas - In: Management Science 56 (2010) 11, pp. 2094-2110

, which have received surprisingly limited attention relative to social capital as forces behind the formation and dynamics of … innovation networks. To marshal evidence in this regard, we design a simple model of partner selection in which firms ally for …

Persistent link: https://www.econbiz.de/10009209404

A Bilevel Model of Taxation and Its Application to Optimal Highway Pricing

Labbé, Martine; Marcotte, Patrice; Savard, Gilles - In: Management Science 44 (1998) 12-Part-1, pp. 1608-1622

rationally reacts to those tax levels. We focus our attention on the special case of a toll-setting problem defined on a …

Persistent link: https://www.econbiz.de/10009214025

Two-Sided Competition of Proprietary vs. Open Source Technology Platforms and the Implications for the Software Industry

Economides, Nicholas; Katsamakas, Evangelos - In: Management Science 52 (2006) 7, pp. 1057-1071

Technology platforms, such as Microsoft Windows, are the hubs of technology industries. We develop a framework to characterize the optimal two-sided pricing strategy of a platform firm; that is, the pricing strategy toward the direct users of the platform as well as toward firms offering...

Persistent link: https://www.econbiz.de/10009214283