This paper analyzes Collaborative Planning, Forecasting, and Replenishment (CPFR) from an incomplete contracting perspective. In the absence of economic incentive problems, CPFR enables trading partners to improve operational efficiency through a structured process of sharing and utilizing...

There are two widely accepted approaches used to estimate the market value of a firm's equity (Vs). The accounting approach assumes the estimated Vs is based on the discounted value of a firm's future net income stream (NI). A finance model assumes that the value of a firm's stock (Vs) is...

Recently user-oriented online sharing communities have seen explosive growth. Two characteristics of these communities set them apart from traditional online message-based communities such as online forums. First, users have no social ties before joining the community. Second, there is little or...

An understanding of Austrian entrepreneurship, in conjunction with property rights, resource-based and transaction costs theory allow us to understand economic rent generation as a dynamic process. The current paper expands Foss and Foss' (2005) application of property rights theory in...

This paper analyzes data on the largest mergers and acquisition (M&A) announcements in the 1990s and the contextual factors that determine their completion or withdrawal. Drawing on institutional theory, we argue that the completion of an M&A is more likely to the extent that the institutional...

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...