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This paper examines the impact of coordination costs and organizational rigidity on the returns to diversification. The … central thesis is that coordination costs offset economies of scope, while organizational rigidity increases coordination … costs, further constraining economies of scope. The empirical tests of this proposition identify the effects of coordination …
Persistent link: https://www.econbiz.de/10014223712
Over the years since airline deregulation five of the remaining U.S. legacy carriers lost money on mergers that cost them a total of $29.6 billion. The combined market cap of these carriers at the end of 2007 was $15.5 billion. In other words, their return on merger investments was -48%. Why?...
Persistent link: https://www.econbiz.de/10012723970
To understand why some patents get licensed and others do not we estimate a portfolio of firm- and patent-level determinants for why a particular licensor's patent was licensed over all technologically similar patents held by other licensors. Using data for licensed biopharmaceutical patents, we...
Persistent link: https://www.econbiz.de/10012958698
understanding the benefits and costs of alternative institutional arrangements; abandoning these tools will push management theory …
Persistent link: https://www.econbiz.de/10013288855
The modern world, marked by the phenomenon of globalization and the continuous change, represents a real challenge for the educational system. As the human resources are the most important creational force of value in the work process, a specific attention must be given to the mission statement...
Persistent link: https://www.econbiz.de/10012982997
Existing studies suggest that platform access restrictions may cause restricted complementors to switch to competing platforms, which will increase complement quantity on competing platforms. We re-examine this prediction by accounting for the impact of economies of scope on complementor...
Persistent link: https://www.econbiz.de/10014030263
While the traditional banking theory and portfolio theory favour diversification strategy for better performance the … between sectoral loan diversification and the banks' performance. This paper empirically investigates the relationship between … the sectoral diversification and the performance of Sri Lankan domestic licensed commercial banks over the period of 2008 …
Persistent link: https://www.econbiz.de/10013002010
private provision of public goods. We examine whether reciprocity can resolve the associated coordination problem. The …
Persistent link: https://www.econbiz.de/10010383392