Purpose – This paper aims to explore how community‐controlled open innovation affects cost‐ and differentiation‐based competitive advantage, and to explain how it allows some sources of economic rent to remain while others are taken away. Although models of competitive‐advantage remain...

Purpose: Past research has generally purported that market orientation (MO) leads to superior firm performance, despite emerging evidence suggesting that the highest levels of MO are not always rewarded. Drawing on resource-based view and MO literature, the authors posit that too much MO may be...

Purpose – Real‐options have moved from being an academic theory to a decision‐making tool that is being used by managers. The thinking underpinning real options has remained true to its financial options‐pricing heritage, which means that it is based on an assumption of managerial...

Purpose – The purpose of this paper is to extend governance research in the small business context by examining the moderating influence of top executive involvement on the board of directors on market valuation. Design/methodology/approach – Drawing on a sample of initial public offering...