We investigate the rapid internationalization of many multinationals from emerging economies through acquisition in advanced economies. We conceptualize these acquisitions as an act and form of entrepreneurship, aimed to overcome the ‘liability of emergingness' incurred by these firms and to...

Alliances have been studied extensively in the past and various arguments suggested to explain their evolution and eventual termination. We argue that one important explanation of alliance termination has remained overlooked, one where the mechanism revolves around resource value and is...

In this article I make three main arguments. First, the appropriate governance choice for firms is one that reflects the tradeoff between market failure and relational failure or, in other words, between knowledge appropriability and knowledge accessibility. Second, through what may be...

In this paper we investigate the ways in which new forms of organization enabled by digital technologies such as crowdsourcing and digital marketplaces are allowing firms to circumvent and defy traditional knowledge constraints. This is part of the broader question of when and why these forms of...

We examine the international new venture - multinational enterprise interface, specifically the extent and nature of entrepreneurial partnering actions undertaken by internationalization-seeking new ventures vis-a-vis MNEs as an internationalization pathway. Based on three longitudinal cases in...

We analyze a novel way to configure and manage multinational networks and propose a model of "co-parenting", characterized by the sharing of parenting roles and distribution of responsibilities between two units. We develop our argument around the notion of the springboard subsidiary, which has...

Research on agglomeration finds that either a higher survival rate of incumbent firms or a higher founding rate of new entrants, or both, can sustain an industry cluster. The conditioning effects of time on the two distinct mechanisms of survival and founding are, however, rarely examined. We...

This paper is primarily concerned with inter-firm heterogeneity. By revisiting Ricardian economics and, in particular, introducing and applying the principles of comparative advantage to strategy inquiry, it advances current theoretical understanding of the phenomenon. Moreover, by introducing...

While strategy theory relies heavily on equilibrium theories of economic rents such as Ricardian and monopoly rents, we do not yet have a comprehensive theory of disequilibrium or entrepreneurial rents. We use cooperative game theory to structure computer simulations of the market process in...

We hypothesize that trust is a moderator of the direct relationship between control and coordination concerns and the extent of contracting. Our results suggest that high trust weakens the positive relationship between control concerns and the extent of contracting, but reinforces the positive...