Drawing on the relational and knowledge-based views of competitive advantage, this study links leaders’ social ties and knowledge acquisition capability to competitive advantage of a firm. Specifically, it posits that leaders’ business ties and government ties have differential effects on...

Drawing on social capital theory, this study explores how two types of guanxi – with business partners and with government officials – affect corporate capabilities differently, and examines their contingent value. The results from a survey of 409 firms in China indicate that the two guanxi...

Recent research shows that ingrained modes of production cause long-lasting cultural differences in individualist-versus-collectivist psychologies. Specifically, individuals from wheat-growing regions display significantly more individualistic characteristics than their more...

Information flows are of critical importance for IPO pricing. We posit that individual investment bankers use personal social capital to address information problems during IPOs. Using a unique database of mutual fund bids in the Chinese IPO market, we find that when an investment banker has a...

In this paper it is argued that the restructuring following the stiffer competition stemming from increased global integration will trigger a race between countries to attract inward foreign direct investment (FDI). It is further argued that this race consists of last minute efforts and...

In this paper it is argued that the restructuring following the stiffer competition stemming from increased global integration will trigger a race between countries to attract inward foreign direct investment (FDI). It is further argued that this race consists of last minute efforts and...

Current research argues that a market-driving strategy leads to a competitive advantage. However, a market-driving strategy tries to change established rules in the marketplace and thus, is difficult to pursue. We argue that a market-driving strategy must be based on distinct capabilities and...

We apply information processing theory and research on regional units to investigate the evolution of regional management. Based on a longitudinal case study of a European multinational we capture the overall structural development of the firm and within this context, we conduct an in-depth...