Existing studies suggest that, because knowledge is becoming more widely distributed, innovation increasingly needs to occur 'at the interstices' of collaborating groups and organizations. Networked innovation processes are therefore emphasized, over more hierarchical or market-based forms, as...

Successes and failures with technological innovation can, in some cases, be attributed to the decision-making processes in the user organization. There has been a growing interest among strategy researchers in managerial cognitions. This paper describes the nature and importance of knowledge...

This article makes two contributions. First, we outline a simple simulation-based framework for constructing conditional distributions for multifactor and multidimensional diffusion processes, for the case where the functional form of the conditional density is unknown. The distributions can be...

This article introduces a new model for transaction prices in the presence of market microstructure noise in order to study the properties of the price process on two different time scales, namely, transaction time where prices are sampled with every transaction and tick time where prices are...

In an effort to improve the small sample properties of generalized method of moments (GMM) estimators, a number of alternative estimators have been suggested. These include empirical likelihood (EL), continuous updating, and exponential tilting estimators. We show that these estimators share a...

Strategy teams have received little attention in the strategic management literature. The goal of this article is to fill this theoretical and empirical gap by studying the practices of strategy teams. Drawing upon an in-depth longitudinal case study of a FTSE-100 multibusiness firm and evidence...

Small firms account for a substantial proportion of employment in advanced economies; yet understanding of the quality of jobs in them remains poor. Studies using national-level data find that indicators such as autonomy are high but find it hard to say why. Analyses within small firms stress...

This article investigates the statistical properties of the realized variance estimator in the presence of market microstructure noise. Different from the existing literature, the analysis relies on a pure jump process for high-frequency security prices and explicitly distinguishes among...

In this paper, we analyse a model of non-cooperative exchange "a la Cournot-Nash", proposed by Lloyd S. Shapley, in limit exchange economies. In contrast with the case with a finite number of traders, analysed by Sahi and Yao [Sahi, S., Yao, S., 1989, The non-cooperative equilibria of a trading...

In this paper we apply graph theoretic techniques to provide results for weakening the interior endowment assumption of Arrow and Debreu [Arrow, K.J., Debreu, G., 1954. Existence of an equilibrium for a competitive economy, Econometrica 22, 265-290]. We develop two conditions - C-irreducibility...