Following an efficiency perspective and a micro-analytic approach, this paper provides an organizational economics foundation to guide managers in matching the comparatively more efficient organizational mode with firm-level transactions possessing certain transactional characteristics. In...

Intercorporate relations represent the structure of a country's economic organization and influence key outcomes such as a country's overall competitiveness. Research on this topic has focused on the nature of these relations in terms of directorship interlocks, the incentives to establish them,...

E-markets have been established in many industries as a sourcing option for buyers, yet in many situations they are used to complement long-term supplier-buyer relationships rather than replacing them. In this paper, we analyze the complementary role of e-markets when the buyer uses e-markets as...

Penrose (1959) theoretically developed the research proposition that the finite capacities of a firm's internally experienced managers limit the rate at which the firm can grow in a given period of time. One empirical implication that follows logically from this line of reasoning is that a...

The logit and probit models are critical parts of the management researcher's analytical arsenal. We often want to know if a covariate has the same effect for different groups, e.g., foreign and domestic firms. Unfortunately, many attempts to compare the effect of covariates across groups make...

This paper maintains that joining property rights theory and Austrian economics informs the dynamic capabilities approach by giving context to key constructs within this approach, particularly the nature of organizational processes and asset positions. By defining resources and capabilities as...

The bargaining power of a multinational corporation negotiating with a poor country in the extractive sector can be determined by the host country's local politics, the relationships between the host country and the multinational's home country, and the power of other countries. This paper...

This paper identifies firm-level competitive activity, one of the key units of analysis in competitive dynamics research, as the fundamental mediation between corporate governance and firm-level financial performance. By employing the "Motivation-Capability" logic embodied in the competitive...

The innovative knowledge created by firms that ultimately exit their industries represents a source of technology that existing firms may build on. However, no empirical work has examined if such knowledge dies with an innovating firm or if significant diffusion of knowledge occurs even after a...

The current neoclassical synthesis of economic theory does not contain a role for the entrepreneur and entrepreneurial activity. In this paper we argue that such a role can be reintroduced into the economic foundations of strategy by adopting a subjectivist theory of entrepreneurship. A...