This paper studies the conditions that motivate firms to begin exploratory moves that lead to investing in an emerging industry. Using knowledge, institutional and population ecology theories, we capture contributing factors to these exploratory drives. We use a longitudinal census of the US...

Divesting assets owned in emerging markets has substantive consequences for the multinational corporation. We examine two dimensions surrounding the decision to divest a business in an emerging market: institutional effects impacting the timing of the divestiture, and the effects of the...

Most companies in the world are owned by families, and a majority of them are registered in countries where the legal protection of minority shareholders is weak. Is family control the consequence of the lack of investor protection? It is known that agency problems among owners actually increase...

In this paper, we examine the firm and ecological factors that affect the long-term sustainability of exploration. We analysed the investment decisions by US venture capital firms to enter new technological domains over a 43-year period. Our results suggest that in addition to the well studied...