An alleged Canadian income trust announcement leak of 23 November 2005 provides a remarkable example of the sensitivity of event study analysis to the treatment of cross-sectional dependence in returns. Whereas a leak should chiefly have affected the returns on other securities, not income...

This paper examines modular product structures in alliances. Results from a survey of 225 alliances show that modular product structures within alliances affect alliance firms' competitive performance. Product innovation performance, assessed as both speed to market and radical innovations and...