I evaluate two processes, niche formation and resource-partitioning, that could independently account for the entry of firms into new market segments in mature industries. The niche formation argument focuses on environmental changes that promote the entry of new firms whereas the...

My main theoretical contention is that status hierarchiesprovide a source of guidance to firms for resolving disputes. Astatus hierarchy implies a system of deference rules among firms.When disputes arise, deference rules can provide a basis for sharedexpectations and protocols of conduct about...

Scholars have increasingly recognized the importance of institutional owners inthe life of the firm and have sought to explain how and when these owners influencefirm-level strategies. In spite of evidence that these owners can and do affect broadstrategies, there is little empirical support for...

Privatization is defined as the sale of state-owned assets by governmental agencies to private investors (e.g., Megginson, Nash, Netter, and Poulsen, 2004; Villalonga, 2000). Research on privatization has focused on privatization techniques (e.g., share issue privatization or voucher privatization),...