This paper specifies how to construct and validate an instrument based on multi‐item scales for the cataloguing and measurement of managerial and organizational capabilities on the basis of management perceptions. The construction and reduction of the scales have been reinforced by the Delphi...

Despite a growing literature on strategic partnerships, little attention has been paid to the way public‐private partnerships (PPPs) manage their relationships with their environments. Using a stakeholder approach, we specify how a large international public‐private partnership was able to...

The paper proposes a model that will enable us to go deeper into the study of organizations, bringing forth a framework that will allow us to make many propositions explicit and thus provide a contrast to the alignment theory. We test the model in the Spanish hotel industry. We have been able to...

This study analyzes the trade‐off between strategic flexibility and commitment for cases of simultaneous and related strategic investments under high levels of uncertainty. It develops a model that, using a Cournot game and real option theory, demonstrates that (1) a correlated strategic...

Agency theoretic models have been used in the past to justify the use of stock options as an effective incentive alignment mechanism to create a common fate between principals and agents. In this paper, we use behavioral theory to reach the opposite conclusion – namely, that the design...

Our aim is to analyze the type of lender and the debt maturity of Chilean firms as a function of their ownership structure and their growth opportunities. We perform the empirical analysis using an unbalanced panel data of 169 firms from 1990 to 2001. Our results show that Chilean firms with...

This paper analyzes the effect of strategic context on managerial compensation design, and the interactive influence on firm performance for a set of Spanish companies. Specifically, this study examines the performance implications of the fit between different managerial compensation systems and...

This paper addresses the extent to which culture is affecting the adoption of global human resource management (HRM) practices by Spanish organizations. One of our main objectives was to offer a thorough review of the recent empirical evidence regarding HRM practices in Spanish organizations....

This paper focuses on the firm‐specific assets, management processes, and organizational strategies displayed by a group of firms based in Latin America, a region that undertook a generalized attempt of economic liberalization during the 1990s. We analyze the operational and organizational...

We analyze how entry order in a new field influences the stock market reaction to strategic alliances and acquisitions aimed at expanding firm boundaries. We argue that alliances would be more valued by investors at the early stages of a process of convergence between two markets, whereas...