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17,941
Exploring Internal Stickiness: Impediments to the Transfer of Best Practice within the Firm
- STRATEGIC MANAGEMENT JOURNAL
, 1996
"... ..."
Tobins Q, corporate diversification and firm performance
, 1993
"... In this paper, we show that Tobin's q and firm diversification are negatively related. This negative relation holds for different diversification measures and when we control for other known determinants of q. We show further that diversified firms have lower q's than equivalent portfolios ..."
Abstract
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Cited by 499 (26 self)
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's than firms that keep their number of segment constant. Our evidence is consistent with the view that firms seek growth through diversification when they have exhausted internal growth opportunities. We fail to find evidence supportive of the view that diversification provides firms with a valuable
Corporate Financing and Investment Decisions when Firms Have Information that Investors Do Not Have
, 1984
"... This paper considers a firm that must issue common stock to raise cash to undertake a valuable investment opportunity. Management is assumed to know more about the firm’s value than potential investors. Investors interpret the firm’s actions rationally. An. equilibrium mode1 of the issue-invest deci ..."
Abstract
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Cited by 2602 (7 self)
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-invest decision is developed under these assumptions. The mode1 shows that firms may refuse to issue stock, and therefore may pass up valuable investment opportunities. The model suggests explanations for several aspects of corporate financing behavior, including the tendency to rely on internal sources of funds
What Do We Know about Capital Structure? Some Evidence from International Data
- Journal of Finance
, 1995
"... We investigate the determinants of capital structure choice by analyzing the financing decisions of public firms in the major industrialized countries. At an aggregate level, firm leverage is fairly similar across the G-7 countries. We find that factors identified by previous studies as correlated i ..."
Abstract
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Cited by 1027 (15 self)
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We investigate the determinants of capital structure choice by analyzing the financing decisions of public firms in the major industrialized countries. At an aggregate level, firm leverage is fairly similar across the G-7 countries. We find that factors identified by previous studies as correlated
The modern industrial revolution, exit, and the failure of internal control systems
- JOURNAL OF FINANCE
, 1993
"... Since 1973 technological, political, regulatory, and economic forces have been changing the worldwide economy in a fashion comparable to the changes experienced during the nineteenth century Industrial Revolution. As in the nineteenth century, we are experiencing declining costs, increaing average ( ..."
Abstract
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Cited by 972 (6 self)
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(but decreasing marginal) productivity of labor, reduced growth rates of labor income, excess capacity, and the requirement for downsizing and exit. The last two decades indicate corporate internal control systems have failed to deal effectively with these changes, especially slow growth
Is learning by exporting important? Micro-dynamic evidence from Colombia, Mexico and Morocco
- Quarterly Journal of Economics
, 1998
"... Do firms become more efficient after becoming exporters? Do exporters generate positive externalities for domestically oriented producers? In this paper we tackle these questions by analyzing the causal links between exporting and productivity using plant-level data. We look for evidence that firms ..."
Abstract
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Cited by 604 (13 self)
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Do firms become more efficient after becoming exporters? Do exporters generate positive externalities for domestically oriented producers? In this paper we tackle these questions by analyzing the causal links between exporting and productivity using plant-level data. We look for evidence that firms
The impact of trade on Intra-Industry reallocations and aggregate industry productivity.
- Econometrica,
, 2003
"... This paper develops a dynamic industry model with heterogeneous firms to analyze the intra-industry effects of international trade. The model shows how the exposure to trade will induce only the more productive firms to enter the export market (while some less productive firms continue to produce o ..."
Abstract
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Cited by 1584 (22 self)
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This paper develops a dynamic industry model with heterogeneous firms to analyze the intra-industry effects of international trade. The model shows how the exposure to trade will induce only the more productive firms to enter the export market (while some less productive firms continue to produce
Dynamic capabilities and strategic management
- Strategic Management Journal
, 1997
"... The dynamic capabilities framework analyzes the sources and methods of wealth creation and capture by private enterprise firms operating in environments of rapid technological change. The competitive advantage of firms is seen as resting on distinctive processes (ways of coordinating and combining), ..."
Abstract
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Cited by 1792 (7 self)
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and how a firm’s competitive advantage is eroded depends on the stability of market demand, and the ease of replicability (expanding internally) and imitatability (replication by competitors). If correct, the framework suggests that private wealth creation in regimes of rapid technological change depends
Executive Compensation
, 1999
"... This paper summarizes the empirical and theoretical research on executive compensation and provides a comprehensive and up-to-date description of pay practices (and trends in pay practices) for chief executive officers (CEOs). Topics discussed include the level and structure of CEO pay (including de ..."
Abstract
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Cited by 625 (17 self)
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detailed analyses of annual bonus plans, executive stock options, and option valuation), international pay differences, the pay-setting process, the relation between CEO pay and firm performance (“pay-performance sensitivities”), the relation between sensitivities and subsequent firm performance, relative
Electronic Markets and Electronic Hierarchies
- Communications of the ACM
, 1987
"... This paper analyzes the fundamental changes in market structures that may result from the increasing use of information technology. First, an analytic framework is presented and its usefulness is demonstrated in explaining several major historical changes in American business structures. Then, the f ..."
Abstract
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Cited by 707 (10 self)
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by markets rather than by internal decisions within firms. Finally, several examples of companies where these changes are already occurring are used to illustrate the likely paths by which new market structures will evolve and the ways in which individual companies can take advantage of these changes.
Results 1 - 10
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17,941
