Network Embeddedness and the Exploration of Novel Technologies: Technological Distance, Betweenness Centrality and Density

In this paper we analyze the innovative performance of alliance networks as a function of the technological distance between partners, a firm's network position (centrality) and total network density.We study how these three elements of an alliance network, apart and in combination, affect the 'twin tasks' in exploration, namely novelty creation on the one hand and its efficient absorption on the other hand.For an empirical test, we study technology-based alliance networks in the pharmaceutical, chemical and automotive industry.innovation networks;cognitive distance;centrality;density

Evolving subsidiary roles and regional economic integration in Europe (special editorial)

The focus of this paper is on the impact of regional economic integration on changing roles and strategies of overseas subsidiaries. the literature has acknowledged the positive impact of regional economic integration on the investment attractiveness of member states participating in a regional bloc and hence new inflows of foreign direct investment. Yet, the interplay between regional economic integration and evolution of already established foreign subsidiaries remains under-researched, as these two phenomena are often studied in isolation from each other. The paper aims to examine this link in the context of new EU member states, using a proprietary data base. We find evolution of subsidiary roles, towards more advanced ones. Further, we analyse drivers of such evolution and their important, The paper provides managerial and policy implications