Im Rahmen der Markteintrittsstrategie muss sich jedes Unternehmen nicht nur mit der Frage auseinandersetzen, wo und wie, sondern vor allem wann ein neuer Markt betreten wird. Insbesondere für die Pionierstrategie ist diese Frage auf vielfältige theoretische und empirische Weise untersucht...

The Benefit and Cost of Winner Picking: Redistribution Vs Incentives

An important literature has made a fundamental link between corporate governance and corporate strategy. According to agency theory, assigning managers stock options aligns their interests with the interests of the owners of the firm. This paper suggests that this may not apply in the context of...

Do firms employing undocumented workers have a competitive advantage? Using administrative data from the state of Georgia, this paper investigates the incidence of undocumented worker employment across firms and how it affects firm survival. Firms are found to engage in herding behavior, being...