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SSRN Research Paper Series
The Social Science Research Network’s Research Paper Series includes working papers produced by Stanford GSB the Rock Center.
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Corporate Acquisitions: A Process Perspective
Historically, acquisition scholars and practitioners have adopted a choice perspective which portrays the corporate executive analyzing acquisition opportunities as a rational decision-maker. This paper suggests that the choice perspective be…
Designs for Corporate Entrepreneurship in Established Firms
The paper presents a model which identifies entrepreneurial activity as a natural and integral part of the strategic process in larqe, established firms. A conceptual framework is proposed to help top management assess entrepreneurial business…
Dissolving a Partnership Efficiently
Several partners jointly own an asset that may be traded among them. Each partner has a valuation for the asset; the valuations are known privately and drawn independently from a common probability distribution. We characterize the set of all…
A Dynamic Product Line Model: Theory, Evidence, Strategy
In contemporary marketing research product line interdependencies are largely ignored, though substantial empirical evidence exists that these phenomena are of considerable practical relevance. In the present paper it is argued that experiences…
Earnings Releases, Anomalies and the Behavior of Security Returns
A common finding in the literature is that systematic post-announcement drifts in security returns are associated with the sign or magnitude of unexpected earnings changes. This paper examines proposed explanations for these drifts. The paper…
Expectancy-Value Attitude Models: An Analysis of Critical Measurement Issues
Criteria for scaling beliefs and evaluations in the Fishbein model are considered, and a procedure is developed and illustrated for the proper test of multiplicative models. Hierarchical regression is shown to be a valid method for testing…
Expectancy-Value Attitude Models: An Analysis of Critical Theoretical Issues
Expectancyvalue models are analyzed in terms of their level of abstraction and the rules governing how beliefs and evaluations combine to produce an attitude. In addition, suggestions are made as to modes of operationalization and methods for…
Hidden Barriers to Acquisition Research
Traditional prescriptions for making acquisitions ~workinclude aspects of both strategic and organizational fit. But, because some acquisitions continue to yield disappointing results, a different perspective may be useful. This paper provides…
Holding Idle Capacity to Deter Entry
In his 1980 Economic Journal article, Dixit concluded that a firm would never hold idle capacity to deter entry. We show that his result depends crucially on the special assumption that products are “strategic substitutes”, so that in Nash…
Implementing Arrow-Debreu Equilibria by Continuous Trading of Few Long-Lived Securities
A two-period (0 and T) Arrow-Debreu economy is set up with a general model of uncertainty. We suppose that an equilibrium exists for this economy. The Arrow-Debreu economy is placed in a Radner (dynamic) setting; agents may trade claims at any…
Incentives, Compensation, and Social Welfare
Alternative reward structures under conditions of moral hazard are analyzed from a social welfare standpoint. We argue that social welfare judgments under uncertainty should incorporate ex post judgments; in particular, a distribution-sensitive…
Individual and Couple Utility of Children: Theoretical, Methodological, and Empirical Issues
A comparison is made between two alternatives for explaining family size decisions: a psychological model based on the individual utilities of the spouses and a social psychological model based on the husbandwife relationship. By use of higher…
Investing in New Parameter Values in the Discounted EOQ Model
Recently, Porteus (7) was motivated by the observation that the Japanese have devoted much time and energy to decreasing setup costs in their manufacturing processes and that there has been little in the way of a formal framework for thinking…
Investing in Reduced Setups in the EOQ Model
This paper is motivated by the observation that the Japanese have devoted much time and energy to decreasing setup costs in their manufacturing processes and that there has been little in the way of a formal framework available to use to think…
Labour Force Participation and Fertility: A Social Analysis of Their Antecedents and Simultaneity
The nature of the relationship between labour force participation and fertility are examined for 172 families comprising a marriage cohort. The results show that labour force participation and fertility are spuriously related in that they are…
Managing the Internal Corporate Venturing Process: Some Recommendations for Practice
The strategic management of internal corporate venturing (ICV) presents a major challenqe for many large, established firms. A process model conceptualization of ICV suggests that vicious circles and managerial dilemmas typically emerge in the…