A major consequence of the Internet era is the emergence of complex “platforms” that combine technology and process in new ways that often disrupt existing industry structures and blur industry boundaries. These platforms allow easy participation that often strengthens and extends network...

We find that firms that act as product leaders (operational excellence) tend to make less (more) disclosures by offering more (less) no-answers and refusals to questions during earnings conference calls, consistent with product leaders withholding product-related information and operational...

The efficiency of an industrial enterprise depends not only on the production program, sales volume, quality of products, pricing policy and other similar factors, but also on its competitive advantages in the industry market.Modern business conditions have made adjustments to the process of...

How does foreign competition affect incumbent firms’ external growth strategies? We find firms respond to reductions in U.S. import tariffs by opting for alliances over acquisitions. Consistent with alliances being less costly and more flexible, this effect is more pronounced among firms with...