Computer filed for bankruptcy protection under Chapter 11. Despite a $31 million stake from venture capitalists, Gavilan experienced delays and indecision that ultimately cost the firm its early technical and market advantages. The firm's leading-edge technology hecame a "me too &

, we also use each firm's monthly equity return, ret i t , obtained from CRSP, as an explanatory variable. Volatility In theory, changes in a firm's future volatility can be extracted from changes in implied volatilities of its publicly traded options. Unfortunately, most of the firms we

between HR management effectiveness and productivity, cash flow, and market value. Findings were consistent across market and accounting measures of performance and with corrections for biases. There is broad agreement that a strategic approach to human resource management (HRM) involves designing

The strategic role of human resource management (HRM), and specifically, the influence of a firm's HRM system on its financial performance, has generated considerable interest within the academic and practitioner communities. This paper reviews the theoretical foundations for a HRM-firm

This paper examines the impact of acquisitions on the subsequent innovation performance of acquiring firms in the chemicals industry. We distinguish between technological acquisitions, acquisitions in which technology is a component of the acquired firm’s assets, and nontechnologi-cal acquisitions

As a consequence of optimal investment choices, a firm’s assets and growth options change in predictable ways. Using a dynamic model, we show that this imparts predictability to changes in a firm’s systematic risk, and its expected return. Simulations show that the model simultaneously reproduces

the innovativeness–quality–performance model, which describes how a firm’s capability to balance innovativeness with quality drives growth and profitability, and in turn drives superior market value. Results of structural equation models indicate that (1) innovativeness mediates the relationship between quality

heterogeneity as determinants of market structure in the U.S. airline industry. We find that the competitive effects of large airlines (American, Delta, United) are different from those of low cost carriers and Southwest. We also find that the competitive effect of an airline is increasing in its airport

, research on strategic alliances has burgeoned, with one strand focusing on the performance impact of alliances on the focal firm (Gulati, 1998). In this line of inquiry, several scholars have studied the relationship between a firm’s strategic alliances and its innovative performance or new product

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INTRODUCTION How can we understand the common denominator of Pavlov's salivating dogs, an ale named Hobgoblin, a market in southern France, and the bargaining for lock access on the Mississippi River? Pavlov's dogs were presented with pieces of delicious sausage that undoubtedly made them salivate