This paper investigates how “dual directors” enable firms that undertake corporate spinoffs to manage their post-spinoff relationships with the firms they divest, as well as the performance implications of dual directors serving simultaneously on these companies’ boards.…Read More
The proponents of the “microfoundations project” have advanced a number of criticisms of theories of organizational routines and capabilities. While the criticisms derive in part from philosophical or methodological premises that are open to serious question, and tend to ignore the empirical research on the subject, there remains a valid core concern about the foundational characterization of human nature.…Read More
Why and how do resources provide sources of competitive advantage? This study sheds new light on this central question of resource-based theory by allowing a single resource—entrepreneurial-firm patents—to play distinctive roles in different competitive arenas. As rights to exclude others, patents serve a well-known role as legal safeguards in product markets.…Read More
