An application of Capabilities-Driven Strategy to upstream E&P. As the industry evolves, so too must E&P strategies, portfolios, organizational capabilities, and operating models – capabilities must be enhanced, workflows streamlined, and productivity optimized, through broad operating model...

Research on collaborative ties in business markets has pre-dominantly studied how governance forms balance potential gains and transaction hazards within the relationship. Using an incomplete contracting approach, we examine how the OEM trades off gains obtained within the relationship with its...

The paper first discusses alternative theoretical frameworks to analyse the impacts of FDI on host economies. Second, it provides an overview of major developments in the Hungarian automotive industry since the early 1990s, discussing both firm strategies and the macro level factors influencing...

The objective of this paper is to find the key factors that affect a firm's optimal transfer pricing policy. It examines two minimalist vertical models -- one consisting of a vertically integrated firm monopolizing an intermediate input for its own and rival's downstream division, and the other...

We examine how retailers discount the prices of product systems versus their constituent components. The topic is important because such systems are ubiquitous in our daily lives. In particular, many high-tech markets revolve around complex multi-component systems – e.g. a camera system...

Market-mediated contracts for technology trade are bound by several transaction costs. This paper argues that as these transaction costs become less severe, markets for technology can help improve three market failures: 1) R&D duplications; 2) externalities in potentially public R&D outcomes; 3)...

How do attention capacity and expertise affect the allocation of attention? Adapted from Dessein and Santos (2020), our theory shows that when attention is scarce, a manager focuses her attention on tasks in which she has relatively more expertise: she "manages with style." In contrast, when...

The entrepreneurship of top management is a critical factor for the growth of the firm. Entrepreneurship has a tendency to weaken with the transmission of management from generation to generation, which causes the senescence of the firm. The senescence of entrepreneurship and organizational...

Asymmetric pricing is the phenomenon where prices rise more readily than they fall. We articulate, and provide empirical support for, a theory of asymmetric pricing in wholesale prices. In particular, we show how wholesale prices may be asymmetric in the small but symmetric in the large, when...

The purpose of this research is to compare the integration of the supply chain of international family businesses with the integration of the supply chain of non-international family businesses in the food sector of Michoacán, Mexico, in order to analyze whether there are differences between...