Testing the Waters: Using Collective Real Options to Manage the Social Dilemma of Strategic Alliances.

McCarter, Matthew W.; Mahoney, Joseph T.; Northcraft, Gregory B.

doi:10.5465/amr.2011.65554629

Cited by 22 publications

(45 citation statements)

References 121 publications

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“…As a consequence, social uncertainty decreases and trust increases [36]. As suggested by McCarter et al [37], group member interaction can build trust in two ways. First, interaction may occur by verbal communication among group members, where intentions are signaled through spoken word [38].…”

Section: Introductionmentioning

confidence: 94%

You Can’t Put Old Wine in New Bottles: The Effect of Newcomers on Coordination in Groups

McCarter

Sheremeta

2013

PLoS ONE

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A common finding in social sciences is that member change hinders group functioning and performance. However, questions remain as to why member change negatively affects group performance and what are some ways to alleviate the negative effects of member change on performance? To answer these questions we conduct an experiment in which we investigate the effect of newcomers on a group’s ability to coordinate efficiently. Participants play a coordination game in a four-person group for the first part of the experiment, and then two members of the group are replaced with new participants, and the newly formed group plays the game for the second part of the experiment. Our results show that the arrival of newcomers decreases trust among group members and this decrease in trust negatively affects group performance. Knowing the performance history of the arriving newcomers mitigates the negative effect of their arrival, but only when newcomers also know the oldtimers performance history. Surprisingly, in groups that performed poorly prior to the newcomers’ arrival, the distrust generated by newcomers is mainly between oldtimers about each other rather than about the newcomers.

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Section: Introductionmentioning

confidence: 94%

You Can’t Put Old Wine in New Bottles: The Effect of Newcomers on Coordination in Groups

McCarter

Sheremeta

2013

PLoS ONE

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“…However, alliance research also suggests that while firms can form R&D alliances to gain the right to access external knowledge, they may not always choose to make the investments required to integrate external knowledge with their internal knowledge; i.e., they have the option but not the obligation to make these investments in the future. This reasoning is supported by the research that recognizes strategic alliances can create real options for firms (e.g., Kogut, ; McCarter, Mahoney, and Northcraft, ; Reuer and Tong, ; Vassolo et al., ). A real option is a right but not the obligation to invest resources (e.g., labor, money, time) toward an advantageous course of action at a future point in time (Dixit and Pindyck, ).…”

Section: Theoretical Frameworkmentioning

confidence: 99%

The Effects of Knowledge Depth and Scope on the Relationship betweenR&DAlliances and New Product Development

Caner¹,

Tyler²

2014

J of Product Innov Manag

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“…Some authors (Avanzi et al, 2013;Baduns, 2013) argued for the utilization of real options theory in the field of decision-making (Yonggang and Mingli, 2014;McCarter et al, 2011). Benaroch and Kauffman (1999), for example, used this theory to solve problems in IT investment decisions.…”

Section: Resultsmentioning

confidence: 99%

Defining the Black and Scholes approach: a first systematic literature review

2015

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Purpose: The aim of the paper is to investigate the Black and Scholes model by providing an updated framework of the international literature on the topic, within the field of real option. The purpose of the research is to identify the relevant literature between 1999 and 2015, together with the most important perspectives on the Black and Scholes model as analysed by scholars, in order to provide a useful support to the academic community in their studies. The investigation was carried out only for its economic and corporate insights, with the objective of establishing the strong and weak points highlighted in the defined framework. Methodology: The method used for the research was based on qualitative approach. International literature on the topic was examined through a research protocol. The research was developed by the identification of four keywords (Real Options Valuation, Real Options Assessment, Black and Scholes, Real Options Pricing) and searching them in two databases, with the purpose of obtaining a wide range of scientific contribution for the analysis. Originality/value: The paper presents an accurate review of the scientific contribution on the topic of the Black and Scholes model; it defines the fields of application, opportunities offered and issues relating to its application, in order to clarify the strong and weak points of the model. Practical implications: The Black and Scholes model of the 1970s is acknowledged to be the most widely used model for evaluating options. Our study shows that this method has been adopted by decision-makers not only for evaluating options but also in other fields.

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Testing the Waters: Using Collective Real Options to Manage the Social Dilemma of Strategic Alliances.

Cited by 22 publications

References 121 publications

You Can’t Put Old Wine in New Bottles: The Effect of Newcomers on Coordination in Groups

You Can’t Put Old Wine in New Bottles: The Effect of Newcomers on Coordination in Groups

The Effects of Knowledge Depth and Scope on the Relationship betweenR&DAlliances and New Product Development

Defining the Black and Scholes approach: a first systematic literature review

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