TMT functional complementarity and post-IPO firm performance: Evidence from the U.S. biotechnology industry

2021 ◽  
pp. 102178
Author(s):  
Jun Li
2014 ◽  
Vol 18 (03) ◽  
pp. 1440008 ◽  
Author(s):  
PETER SMITH ◽  
LISA CALLAGHER ◽  
XINLEI HUANG

We test the relationship between alliance scope and firm performance in the context of the biotechnology industry by means of a meta-analysis. Meta-analysis is a statistical technique that allows a systematic review of the existing research that is more rigorously systematic compared to conventional narrative reviews as it uses statistics to capture the strength of relationships. The analysis confirms that a relationship between alliance scope and firm performance does exist. Furthermore, results suggest that there is a statistically significant difference in firm performance between exploitation alliances and exploration alliances, confirming recent studies in the innovation and R&D management literature. Managerial implications and future research suggestions are provided.


2005 ◽  
Vol 50 (2) ◽  
pp. 297-319 ◽  
Author(s):  
Michel L. Magnan ◽  
Sylvie St-Onge ◽  
Linda Thorne

This study attempts to identify determinants of executive compensation in Canada while comparing how they differ between Canada and the United States. Results suggest that firm size, firm performance, and firm ownership structure all determine executive compensation in Canada. However, several differences between the determinants of executive compensation in Canada and the U.S. are identified.


2020 ◽  
Vol 31 (6) ◽  
pp. 1432-1451 ◽  
Author(s):  
Andrew D. Henderson ◽  
Melissa E. Graebner

To better understand the origins of sustained superior firm performance, we consider processes of entrepreneurial creation and discovery. Discovering new opportunities requires speed and flexibility, and although many discoveries are easy to implement, this makes them easy to imitate. By comparison, creation is more complex, iterative, and cumulative, making these opportunities slower to implement yet harder to copy. In formal simulation modeling and analyses of the U.S. Compustat population from 1966 to 2015, we found a bimodal pattern of entry into golden eras of sustained superiority. One peak consisted of an initial spike as firms went public, and evidence suggests this was driven by entrepreneurial discovery. The other peak involved a long-term inverted U-shaped trajectory that reached its high point about 17 years later. Evidence suggests this was driven by entrepreneurial creation, which first enabled then later constrained durable superiority. Our results have implications for research on sustained superiority, entrepreneurial opportunities, and strategic renewal.


2013 ◽  
Vol 33 ◽  
pp. 339-346 ◽  
Author(s):  
Basak Denizci Guillet ◽  
Kwanglim Seo ◽  
Deniz Kucukusta ◽  
Seoki Lee

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