The influences of capital market munificence on new-venture alliance formation in emerging industries

Hoehn‐Weiss, Manuela N.; Barden, Jeffrey Q.

doi:10.1177/1476127014543629

Cited by 9 publications

(6 citation statements)

References 71 publications

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“…Overall, with the belief that financial resources are a more common resource that applies to all industries, it could be concluded that network resources, indeed, contribute to the mobility of knowledge workers and to nodal changes in networks. This supports recent evidence that associates increases in the public capital market, as one form of resources, with the formation of new partnerships (Hoehn-Weiss and Barden, 2014).…”

Section: Discussionsupporting

confidence: 89%

Networks, knowledge, and knowledge workers’ mobility: evidence from the National Basketball Association

Fallatah

2020

JKM

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Purpose Building on network theory, this study aims to examine how network resources and network knowledge utilization influence mobility within networks of knowledge workers. Specifically, it examines how the availability of resources in a network and knowledge utilization, in a period impacts the structure of the focal network in the following period. Design/methodology/approach The study uses data from the National Basketball Association to depict the mobility of knowledge workers in a network. Because of the nature of the dependent variable, the study used a conditional fixed-effects quasi-maximum-likelihood Poisson regression as an analytical methodology. Findings The study finds that network resources are partially significant in predicting knowledge workers’ mobility and that knowledge utilization of networks of knowledge workers in one period negatively affects networks’ structure in the following period. Originality/value The study advances our understanding of the knowledge workers’ mobility phenomenon by examining network-level factors that influence the mobility of knowledge workers. It addresses the issue from a different theoretical perspective that is rarely used in studies of knowledge workers, which mostly draw from the traditional human resource literature. Additionally, it contributes to the emerging literature of network dynamics by studying factors that affect network changes. The study also responds to the calls that advocate using sports data to examine organizational phenomena.

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Section: Discussionsupporting

confidence: 89%

Networks, knowledge, and knowledge workers’ mobility: evidence from the National Basketball Association

Fallatah

2020

JKM

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“…Our research also has implications for research that seeks to compare firm and industry effects in corporate strategies, as strategy research often does (e.g. Hoehn-Weiss and Barden, 2014; Madhok et al, 2015). Our evidence confirms that both the firm and industry effects matter, but differ in type specificity.…”

Section: Discussionmentioning

confidence: 93%

Effects of functional focus on bounded momentum: Examining firm- and industry-level alliances

Park

Martín²,

Lee

et al. 2017

Strategic Organization

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Building on strategic momentum and alliance studies, we theoretically explain and test the non-monotonicity of the alliance momentum of same- or cross-functional-type alliances. We theorize about critical drivers that generate bounded momentum and further argue whether function-specific momentum occurs sequentially or simultaneously. We examine cross-border alliances of 32 international airlines from 1945 to 1994 and find that the inverted U-shaped pattern of alliance momentum holds for same-type but not for cross-type alliances at both the firm and industry levels. These findings imply that alliance momentum with a specific functional focus evolves sequentially rather than simultaneously.

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“…While the BTF initially focused on the firm's internal resources, subsequent research has also placed great emphasis on the importance of external (environmental) resources and their availability (Martinez-del-Rio et al, 2015;Park and Mezias, 2005;Staw and Szwajkowski, 1975). Indeed, the availability of critical resources both within and outside the firm has been shown to help shape the firm's risk orientation, organizational cognition, strategic choices and outcomes (Castrogiovanni, 1991;Hoehn-Weiss and Barden, 2014;Keats and Hitt, 1988;Nadkarni and Barr, 2008).…”

Section: Introductionmentioning

confidence: 99%

Resource availability, international acquisition experience, and cross-border M&A target search

Zakaria

Fernandez

Schneper

2017

MBR

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Purpose The purpose of this study is to explain how factors relating to resource availability affect managerial risk-taking with regard to the geographic and institutional proximity of cross-border merger and acquisition (M&A) targets. The paper further considers the impact of organizational learning by testing the moderating effect of the acquiring firms’ prior international M&A experience. Design/methodology/approach This study uses linear regression with robust standard errors to account for dependence among clustered observations at the firm level. The authors used country and industry fixed-effects specifications to account for unobserved heterogeneity. Findings The results suggest that when internal and external resources are more abundant, firms pursue cross-border M&As that are more geographically and institutionally distant. The findings further indicate that a firm’s prior international M&A experience positively moderates the aforementioned relationships.. Research limitations/implications Extending the behavioral theory of the firm beyond organizational slack resources, the results highlight the importance of taking a multi-level, open-systems perspective of the strategic impact of resource availability. The authors’ theory and findings also provide a more nuanced view of the critical role organizational learning plays in the relationship between resource availability and organizational outcomes. Originality/value This is the first study to the authors’ knowledge that develops and tests a theoretical model exploring the impact of both internal (organizational slack) and external (environmental munificence at both the industry and home-country levels) resource availability, as well as prior organizational experience on an important multinational business practice.

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The influences of capital market munificence on new-venture alliance formation in emerging industries

Cited by 9 publications

References 71 publications

Networks, knowledge, and knowledge workers’ mobility: evidence from the National Basketball Association

Networks, knowledge, and knowledge workers’ mobility: evidence from the National Basketball Association

Effects of functional focus on bounded momentum: Examining firm- and industry-level alliances

Resource availability, international acquisition experience, and cross-border M&A target search

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