This paper attacks the problem of developing strategies for a firm to deal with technological change. We show that the product market strategies of the firm-including pricing, product positioning, and rent preemption strategies-can play a role in the efficient search for technology-related...

In recent years there has been increased interest in the effects of internal communication on decision processes. A number of hypotheses relating the bias in information to the final decision have been proposed. In this paper we discuss two laboratory experiments which were designed to test two...

We examine, both theoretically and empirically, top-management compensation in the presence of agency conflicts when shareholders have delegated governance responsibilities to a self-interested Board of Directors (BOD). We develop a theoretical framework that explicitly incorporates the BOD as a...