Transparency dilemmas, information technology and alliances in agriculture and food industry

alliance, agriculture, food industry

Energy Conservation in Existing Housing Sites; a Comparative Case Analysis\ud in the Netherlands

The housing sector in the Netherlands is responsible for a significant fraction of primary energy use and CO2 emissions. Great energy conservation opportunities are to be found in the existing housing stock, especially in large renovation projects on existing sites. Energy conservation savings of up to 90% are technically feasible. Despite this, there is little empirical evidence available about processes that influence the achievement of energy conservation goals in such locations. Moreover, no systematic, bottom-up research on the matter is available. This paper attempts to answer questions about the factors – size, direction and significance – that explain variation in the degree of energy conservation. Four main propositions were tested, comprising the following variables: actor characteristics, policy instruments, interorganizational collaboration and context. The study used a comparative research design. Data were collected from eleven existing housing sites where renovation projects had been executed, involving 70 personal interviews, a survey, and the collection of project documents. A mixed methods approach was applied for data analysis. The results show that interorganizational, collaborative efforts, policy instruments and the presence of wealthy housing associations have a positive influence on energy conservation outcomes. The mean energy conservation was slightly less than 40%, and outcomes varied between 26.5% and 69.8%. Strikingly, planning does not have a beneficial influence and the actual outcome is lower than predicted. The results are useful for national and local government policy makers, as they clearly argue that ambitious policy goals should be tempered

The Network-Firm as a Single Real Entity: Beyond the Aggregate of Distinct Legal Entities

This paper intends to depart from a critique of the nexus of contracts theory of the firm endowed with its moral personification to propose some theoretical foundations of the firm as a real entity. Some old legal views of the corporation are mobilized to complete the conceptual vacuity of economic theories. This provides crucial insights for modern complex organizations such as the network-firm. The integrating and unifying role of intra-network power relationships is then emphasized and some law and economics of the network-firm are ultimately proposed to clarify the argument that the network-firm − as the firm stricto sensu − is a singular real entity composed from distinct legal entities.Law and economics, contract theory of the firm, network-firm, legal fiction, real entity

Technological activities and their impact on the financial performance of the firm: Exploitation and exploration within and between firms

This paper analyzes the consequences for financial performance of technology strategies categorized along two dimensions: (1) explorative versus exploitative and (2) solitary versus collaborative. The financial performance implications of firms’ positioning along these two dimensions has important managerial implications, but has received only limited attention in prior studies. Drawing on organizational learning theory and technology alliances literature, a set of hypotheses on the performance implications of firms’ technology strategies are derived. These hypotheses are tested empirically on a panel dataset (1996-2003) of 168 R&D-intensive firms based in Japan, the US and Europe and situated in five different industries (chemicals, pharmaceuticals, ICT, electronics, non-electrical machinery). Patent data are used to construct indicators of explorative versus exploitative technological activities (activities in new or existing technology domains) and collaborative versus solitary technological activities (joint versus single patent ownership). The financial performance of firms is measured via a market value indicator: Tobin’s Q index.Innovation, Tobin’s q, R&D collaboration, exploration & exploitation

Technological activities and their impact on the financial performance of the firm: Exploitation and exploration within and between firms.

This article analyzes the financial performance consequences of technology strategies categorized along two dimensions: (1) explorative versus exploitative and (2) solitary versus collaborative. The financial performance implications of firms’ positioning along these two dimensions has important managerial implications, but has received only limited attention in prior studies. Drawing on organizational learning theory and technology alliances literature, a set of hypotheses on the performance implications of firms’ technology strategies are derived. These hypotheses are tested empirically on a panel dataset (1996-2003) of 168 R&D-intensive firms based in Japan, the US and Europe and situated in five different industries (chemicals, pharmaceuticals, ICT, electronics, non-electrical machinery). Patent data are used to construct indicators of explorative versus exploitative technological activities (activities in new or existing technology domains) and collaborative versus solitary technological activities (joint versus single patent ownership). The financial performance of firms is measured via a market value indicator: Tobin’s Q index. The analyses confirm the existence of an inverted U-shape relationship between the share of explorative technological activities and financial performance. In addition, it is observed that most sample firms do not reach the optimal level of explorative technological activities. These findings point to the relevance of creating a balance between exploitation and exploration in the context of technological activities. Moreover, they suggest that, for the majority of R&D intensive firms, reaching such a balance between exploration and exploitation implies investing additional efforts and resources in exploring new knowledge domains. The analyses also show that firms, engaging more intensively in collaboration, perform relatively stronger in explorative activities. At the same time, a negative relationship between the share of collaborative technological activities and a firm’s market value is observed. Contrary to our expectations, it is collaboration in explorative technological activities, rather than collaboration in exploitative technological activities, that leads to a reduction in firm value. These findings question the relevance of open business models for technological activities. In particular, they suggest that the potential advantages of collaboration for (explorative) technological activities (i.e. access to complementary knowledge from other partners, sharing of technological costs and risks) might not compensate for the potential disadvantages, such as the incurred increase in coordination costs and the need to share innovation rewards across innovation partners.

Trust, Organizational Controls, Knowledge Acquisition from the Foreign Parents, and Performance in Vietnamese International Joint Ventures

Successful adaptation in strategic alliances "calls for a delicate balance between the twin virtues of reliability and flexibility" [Parkhe 1998]. On one hand, the joint venture must be flexible enough to respond to the uncertainties of competitive business environments because it is not feasible to plan for every possible contingency. Yet, on the other hand, unfettered flexibility invites dysfunctional behavior, such as opportunism and complacency. This delicate balance accompanies a parallel balance between trust and control of the joint venture. The primary goal of this study is to empirically examine this relationship in the context of Vietnamese international joint ventures (IJVs) by building on the model of knowledge acquisition and performance in IJVs established by Lyles and Salk [1996]. This study makes three major contributions to the literature. First it confirms several findings of the original Lyles and Salk study [1996]. Second, we strengthen Lyles and Salk's original model by incorporating multiple measures of both interorganizational trust and control as independent variables. Finally, this study represents one of the first in-depth examinations of business in the emerging Vietnamese economy.http://deepblue.lib.umich.edu/bitstream/2027.42/39713/3/wp329.pd

Relational governance mechanisms and uncertainties in nonownership services

Entrepreneurs, managers and consumers are attracted by the promise of nonownership services in the sharing economy - to enjoy benefits of assets without bearing the costs and downsides of ownership. In many cases, reality of nonownership does not live-up to the promised value propositions, as present in the struggle of companies like Uber, BP or the entire Biopharma industry to exploit the potential of nonownership. In this article we unveil the underlying paradox of nonownership, which aims at a smart allocation of uncertainty upsides and downsides between providers and clients. We identify the potential of relational governance mechanisms to handle the uncertainty challenges apparent in nonownership. We present a pioneering case study of Rolls Royce airplane engines which unveils the contribution of relational governance in unfolding the economic benefits of nonownership

Does Partnering Pay Off? - Stock Market Reactions to Inter-Firm Collaboration Announcements in Germany

The dramatic increase in interorganizational partnering in the last two decades raises questions for scholars and managers regarding the value impact of inter-firm collaborations. Using event study methodology, this paper tests whether stock market reactions differ when a collaboration formation or termination is announced. In addition, the study provides an in-depth analysis of potential determinants of stock market reactions to collaboration formation announcements. The sample consists of 1037 announcements in German stock markets from 1997 to 2002. The results show that an unexpected termination announcement decreases firm valuation, and a formation announcement increases firm valuation. Further, certain collaborations are more favorable than others, depending on firm industry, age, size, collaboration constellations, and equity versus non-equity investment in partner firm. The results open avenues for further research on partnering strategies

Agglomeration, social capital and interorganizational ambidexterity in tourist districts

Knowledge is a basic factor of competitiveness with a firm’s exploration and exploitation capabilities acting as the main antecedents of innovation. However, a firm has two main options to obtain new knowledge: internal generation and external acquisition. This paper analyzes how tourism firms located in tourist districts develop ambidexterity through the combination of co-exploration and co-exploitation. Specifically, we study how the features that characterize a tourist district, such as the level of firm and institutional agglomeration, affect the development of co-exploration and co-exploitation capabilities, taking into account the mediation effect of social capital. The population under study includes all the Spanish hotels located in Spanish coastal towns, making a total sample of 210 establishments. The results confirm that agglomeration has a positive impact on the ambidexterity of Spanish hotels. Moreover, the results show that agglomeration causes an increase of social capital in hotels, and that social capital has a positive impact on ambidexterity. We find that social capital partially mediates the effect of agglomeration on ambidexterity. Some implications for managers and policymakers are presented