The design of both tuition fees and their accompanying loan systems determines their effect on the goals of investment in higher education, equal access to higher education, free choice between universities as well as cost-effective provision of the loans. Under a law-and-economics approach,...

Staatliche Innovationsförderung erklärt Firmen, besonders kleinere Unternehmen, die Hindernissen zur Innovationstätigkeitgegenüberstehen, zu unterstützen. Frühere Studien haben gezeigt, dass staatliche Programme diese Ziele nicht erreichen. Aber in der Vergangenheit wurde hierbei selten...

Die gegenwärtig im öffentlichen Sektor zu verzeichnende breite Akzeptanz betriebswirt-schaftlicher Standardanwendungssoftware (SAS) ist nicht zuletzt in der Hoffnung begründet, durch die in ihr inkorporierten und sich bewährten privatwirtschaftlichen Methoden die Steue-rungsprobleme der...

Firms in transition economies experienced a large exogenous shock in their external business environment in the late 1980s when these economies moved from a socialist-oriented economic environment to a more market-oriented economic environment. This paper examines the following research question...

Recent research shows that preexisting network structure constrains the formation of new interorganizational alliances. Firms that are poorly embedded in a network structure are less likely than richly embedded firms to form alliances, because they lack informational and reputational benefits....

In order to establish a competitive advantage, firms must acquire or create resources at a price below their value in use. Absent pure luck, this requires managers to exercise foresight about a resource's future value and/or complementarities with pre-existing capabilities. This foresight grants...

This article contributes to the literature on board effectiveness by being perhaps the first to systematically examine how the nature of outside directors' prior experience, and resulting expertise, will influence the performance of a focal firm's strategic initiatives. Our theoretical model is...

This article examines how waiting to imitate a product affects the performance of the imitator compared to the innovator. Specifically, we address two research questions. Under what conditions does imitation erode the advantage of the innovator? What strategies of imitators help overcome the...

The resource-based view on firm diversification, subsequent to Penrose ( 1959 ), has focused primarily on the fungibility of resources across domains. We make a clear analytical distinction between scale free capabilities and those that are subject to opportunity costs and must be allocated to...

A year and a half ago, I found myself in the parking lot of Long John Silver’s with a bucket of chalk.My goal was to re-examine a personal experience through typography. With chalk and a camera,I recorded the event on the impartial pavement of the lot and photographed as a disinterestedworker...