Information economics offers a complementary framework relative to transaction cost economics to study corporate strategy. Nevertheless, the existing theory suffers from the lack of an argument to differentiate various remedies for contractual hazards when multiple remedies are available. We...

We investigate firms' alliance design choices by examining alliances as multifaceted contractual forms. The analysis explores the contractual heterogeneity underlying alternative governance structures for alliances, the bundling of different contractual provisions, and the dimensionality of the...

Two main academic areas that have devoted their attention to the study of real options are financial economics and strategy. Despite significant progress made by each field separately towards our understanding of the theory and application of real options, opportunities exist for more...

The Jumpstart Our Business Startups (JOBS) Act was signed into law on April 5th, 2012. A key objective of the act was to allow new ventures in the United States to go public and raise growth capital more easily and cost-effectively than before. The aim of this paper is to discuss the...

We suggest and provide empirical evidence that the bargaining power of alliance partners stemming from their prominence in alliance networks influences the ex-ante allocation of value capturing rights in high-tech alliance contracts. Network prominence can enhance the availability of alternative...