We develop a typology of incumbent adaptations to emerging disruptive business model innovations, based on two generic strategies: (i) explorative adoption of a disruptive business model, (ii) exploitative strengthening of the existing business model. We derive and test hypotheses concerning the...

As the business market environment continues to shift and long-term stability is not easily attainable with the constant market disruptions and emerging regions. In order to compete on this platform, organizations must maintain flexibility within their business models and strategies to...

This paper examines changes in the labor process in the electronics industry in Malaysia, following the introduction of flexible production systems and automation from the 1980s. Driven by competition, especially, American firms adopted Japanese best practices to raise productivity, which helped...

The recent paradigm shift in financing capital intensive projects by private and public entities from traditional corporate finance schemes with project finance schemes has witnessed a massive surge in the corporate world. However, a number of such projects are either plunged into financial...

Organizations underperform and sometimes fail because their leaders are unable to learn the unvarnished truth from relevant stakeholders about how the design and behavior of the organization is misaligned with its goals and strategy. The Strategic Fitness Process (SFP) was designed to enable...

This chapter of the Oxford Handbook of Asian Business Systems provides an overview of the institutional structure of the business system of Japan. It explores the role of the state, the financial system, ownership and corporate governance, the internal structure of the firm (management),...

Chapter 11 bankruptcy provides firms with broad latitude to reject certain executory contracts, which are contracts whose terms have not been fully executed. We focus on the impact of this feature of the Bankruptcy Code by examining one of the most common executory contracts, operating leases....

This study provides evidence on the disciplinary role of failed takeover attempts. We find that the likelihood of CEO turnover in target firms following failed takeover attempts is 21% greater than non-target firms matched on the basis of industry, past stock returns, size, and market-to-book...

The capital market benefits of high quality financial reporting create incentives for managers to signal the quality of their voluntary disclosure practices. Prior research focuses on the relations between observable measures of earnings quality and observable measures of voluntary disclosure...