We consider the dynamics of knowledge-based sources of advantage as they move betweengeographical locations and multinational and other firm level networks using the specialistcontext of Formula 1 motor over a fifty nine year period. We suggest that shifts incompetitive advantage are underpinned...

The predominant assumption in the management literature is that corporate valuesare internalised into organisational members' personal value systems. Corporatevalues, viewed in this way, perform a controlling role in organisations, consistentwith the characteristics of a deliberate strategy...

We develop a bargaining model that assumes a senior creditor can exert strong control over whether a firm reorganizes as a going-concern or liquidates during the bankruptcy process. The estimable parameters of the model allow us to gauge the efficiency of bankruptcy outcomes using a large sample...

We develop a bargaining model that assumes a senior creditor can exert strong control over whether a firm reorganizes as a going-concern or liquidates during the bankruptcy process. The estimable parameters of the model allow us to gauge the efficiency of bankruptcy outcomes using a large sample...

We study the risks and returns of syndicated corporate loans, which have become an actively managed asset class due to the emergence of nonbank institutional investors. We show that the returns to corporate loans have slightly negative interest rate duration and time-varying exposure to default...