We investigate the relationship between a firm's compensation structure and the extent to which its innovation is more exploration versus exploitation oriented. Specifically, we assess two aspects of a firm's compensation design—horizontal dispersion within pay levels and vertical tournament...

While much research has elaborated the immediate impact of strategic alliances on firm performance, this paper studies the long-term consequences of alliance-relationship history on later competition between former allies. Specifically, we conjecture that competitors that previously allied with...