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firms survive and others do not than does neoclassical economics. At the heart of the evolutionary theory isthe view that …
Persistent link: https://www.econbiz.de/10010533203
Persistent link: https://www.econbiz.de/10011930777
liquidation, internalization or sell-off. It extends the uni-directional notion of the current IJV learning theory and illustrates … offer an IJV exit framework and corresponding propositions that apply resource dependence and learning theories. The … that parental learning does not necessarily lead to an IJV's internalization, whereas absent learning does not inevitably …
Persistent link: https://www.econbiz.de/10010310923
liquidation, internalization or sell-off. It extends the uni-directional notion of the current IJV learning theory and illustrates … offer an IJV exit framework and corresponding propositions that apply resource dependence and learning theories. The … that parental learning does not necessarily lead to an IJV's internalization, whereas absent learning does not inevitably …
Persistent link: https://www.econbiz.de/10010984685
Agents at the beginning of a dynamic coordination process (1) are uncertain about actions of their fellow players and (2) anticipate receiving strategically relevant information later on in the process. In such environments, the irreversibility of early actions plays an important role in the...
Persistent link: https://www.econbiz.de/10005369079
anticipate strategically relevant information. Because of the uncertainty and learning, (ir)reversibility of actions has …
Persistent link: https://www.econbiz.de/10011049901
Agents at the beginning of a dynamic coordination process (1) are uncertain about actions of their fellow players and (2) anticipate receiving strategically relevant information later on in the process. In such environments, the (ir)reversibility of early actions plays an important role in the...
Persistent link: https://www.econbiz.de/10005086646
Persistent link: https://www.econbiz.de/10015323924
This paper reviews the theoretical and empirical literature on the role of blockholders (large shareholders) in corporate governance. We start with the underlying property rights of public corporations; we discuss how blockholders are critical in addressing free-rider problems and why, like...
Persistent link: https://www.econbiz.de/10014023374
Persistent link: https://www.econbiz.de/10014381594