This paper examines how asymmetries between partners in the ability to appropriate the returns from collaboration affect governance choices and investment patterns. We consider multiple pairs of upstream and downstream firms, where firms must collaborate to improve product components. We show...

This paper studies knowledge sharing in alliances and alliance portfolios. We develop a theoretical framework that encompass as special cases the problems of knowledge misappropriation and asymmetric learning and show that, once the issue of encouraging effective collaboration is put...

When is a nexus of contracts more firm-like? We theoretically and empirically address this question in the context of business groups. We develop a model where assets can be diverted from one group affiliate to another and asset redeployment is more valuable when firms operate in related...

This paper investigates how managerial attention to goals and stakeholders has changed over time. Building on the attention-based view, we argue that managerial attention is shaped by institutional logics, as well as organizational roles and firm-specific factors. Using textual analysis of...