Cryptocurrency networks and Blockchains are decentralized systems, functioning on distributed consensus. Fiat currencies on the other hand are issued, maintained and supervised by a sovereign central authority. RSBCs are Regulated And Sovereign Backed Cryptocurrencies (based on the K-Y Protocol) i.e. they are essentially decentralized cryptocurrencies floated by a central (sovereign) authority; it presents a paradox; known as the K-Y paradox. This paper explores the various dimensions of the K-Y paradox and its resolution.
{"title":"The K-Y Paradox: Problems in Creating a Centralised Sovereign Backed Cryptocurrency on a Decentralised Platform","authors":"Kartik Hegadekatti","doi":"10.2139/ssrn.2942914","DOIUrl":"https://doi.org/10.2139/ssrn.2942914","url":null,"abstract":"Cryptocurrency networks and Blockchains are decentralized systems, functioning on distributed consensus. Fiat currencies on the other hand are issued, maintained and supervised by a sovereign central authority. RSBCs are Regulated And Sovereign Backed Cryptocurrencies (based on the K-Y Protocol) i.e. they are essentially decentralized cryptocurrencies floated by a central (sovereign) authority; it presents a paradox; known as the K-Y paradox. This paper explores the various dimensions of the K-Y paradox and its resolution.","PeriodicalId":122208,"journal":{"name":"INSEAD Working Paper Series","volume":"51 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134102837","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2016-11-02DOI: 10.18510/IJMIER.2016.221
Firdouse R Khan, Daeij Al Hosni
Purpose The objective of the study is to critically analyze the main issues on the scrutiny of personal belongings and the effect of it on the employee morale and to understand the due impact so as to find out a simplified work atmosphere in order to increase taskforce retention. Design/methodology/approach The study was conducted with 260 employees working in the Oil fields of Sohar industrial port, Oman. The employees were selected on a simple random sampling basis and were contacted through a well-defined questionnaire which was made available online for this purpose. The sample included both the managers and the workers from the task force. Findings Our empirical results reveal that the employees understand the logic behind the measures, are not reluctant and hence no negative impact on the employee’s morale. However, the study demonstrates that there is a strong association between the privacy of the employees, their trust, tolerance and the morale of the employees. The main factors which might impede the security procedures are the trust and the privacy. Practical Implications The study reveals that the security practices may violate the individual privacy and leads to ethical conflict and thus the employees may become untrusted and tend to leave the organization due to daily physical inspection which is not a very good sign. Social Implications There is a need to educate all the employees on the logic behind such inspection measures and seek the opinion on the ways to improve such measures. A national campaign can be initiated. Originality/value Very few studies have examined the effect of security procedures on the employee morale in the oil fields of Oman and it is a first-hand study of its kind.
{"title":"The Effect of Security Procedures on Employee Morale","authors":"Firdouse R Khan, Daeij Al Hosni","doi":"10.18510/IJMIER.2016.221","DOIUrl":"https://doi.org/10.18510/IJMIER.2016.221","url":null,"abstract":"Purpose The objective of the study is to critically analyze the main issues on the scrutiny of personal belongings and the effect of it on the employee morale and to understand the due impact so as to find out a simplified work atmosphere in order to increase taskforce retention. Design/methodology/approach The study was conducted with 260 employees working in the Oil fields of Sohar industrial port, Oman. The employees were selected on a simple random sampling basis and were contacted through a well-defined questionnaire which was made available online for this purpose. The sample included both the managers and the workers from the task force. Findings Our empirical results reveal that the employees understand the logic behind the measures, are not reluctant and hence no negative impact on the employee’s morale. However, the study demonstrates that there is a strong association between the privacy of the employees, their trust, tolerance and the morale of the employees. The main factors which might impede the security procedures are the trust and the privacy. Practical Implications The study reveals that the security practices may violate the individual privacy and leads to ethical conflict and thus the employees may become untrusted and tend to leave the organization due to daily physical inspection which is not a very good sign. Social Implications There is a need to educate all the employees on the logic behind such inspection measures and seek the opinion on the ways to improve such measures. A national campaign can be initiated. Originality/value Very few studies have examined the effect of security procedures on the employee morale in the oil fields of Oman and it is a first-hand study of its kind.","PeriodicalId":122208,"journal":{"name":"INSEAD Working Paper Series","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128819265","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Collaborative search, i.e., the process in which organizational members jointly contribute content to solve a non-trivial problem, is a common phenomenon in new product development organizations. In examining organizational problem solving, research has however neglected collaborative search processes, and has instead focused on coordination -- making separately contributed partial solution mutually compatible. This paper contributes towards a theory of collaborative search. We identify the organizational contingencies for which collaboration is beneficial, provide guidance on when collaboration does not improve performance, and identify methods for making collaboration effective.
{"title":"Collaborative Search","authors":"Fabian J. Sting, Jürgen Mihm, C. Loch","doi":"10.2139/ssrn.1850607","DOIUrl":"https://doi.org/10.2139/ssrn.1850607","url":null,"abstract":"Collaborative search, i.e., the process in which organizational members jointly contribute content to solve a non-trivial problem, is a common phenomenon in new product development organizations. In examining organizational problem solving, research has however neglected collaborative search processes, and has instead focused on coordination -- making separately contributed partial solution mutually compatible. This paper contributes towards a theory of collaborative search. We identify the organizational contingencies for which collaboration is beneficial, provide guidance on when collaboration does not improve performance, and identify methods for making collaboration effective.","PeriodicalId":122208,"journal":{"name":"INSEAD Working Paper Series","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-09-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121341894","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Products combine function and form. This paper focuses on product form. The authors combine state-of-the-art clustering techniques with experimental validation to identify styles (groupings of new product designs of similar form) among the more than 350,000 US design patents granted from 1977 through 2010.Thus the authors compile, for the first time, a rich data set of styles that can serve as an empirical platform for a rigorous study of the role played by product form in new product development. Building on this platform, the authors analyze the determinants of “style turbulence”: the year-to-year unpredictability of changes in a style’s prevalence.The authors find that (i) style turbulence follows a U-shaped relationship with respect to function turbulence (the turbulence of product functions associated with a given style) and (ii) style turbulence increases over time. The authors discuss the implications of these findings for managing design in new product development.
{"title":"On Styles in Product Design: An Analysis of US Design Patents","authors":"T. Chan, Jürgen Mihm, Manuel E. Sosa","doi":"10.2139/ssrn.2428744","DOIUrl":"https://doi.org/10.2139/ssrn.2428744","url":null,"abstract":"Products combine function and form. This paper focuses on product form. The authors combine state-of-the-art clustering techniques with experimental validation to identify styles (groupings of new product designs of similar form) among the more than 350,000 US design patents granted from 1977 through 2010.Thus the authors compile, for the first time, a rich data set of styles that can serve as an empirical platform for a rigorous study of the role played by product form in new product development. Building on this platform, the authors analyze the determinants of “style turbulence”: the year-to-year unpredictability of changes in a style’s prevalence.The authors find that (i) style turbulence follows a U-shaped relationship with respect to function turbulence (the turbulence of product functions associated with a given style) and (ii) style turbulence increases over time. The authors discuss the implications of these findings for managing design in new product development.","PeriodicalId":122208,"journal":{"name":"INSEAD Working Paper Series","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-06-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115634214","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
There are mass, serial and single types of production are determined by the coefficient of consolidation of operations at the workplace (GOST 3.1121.84). Mass production is characterized by a type of highly specialized departments and sections on output, limited and stable for a long period of the time range of products. The main objective of planning is to ensure the movement of work-pieces on at a given pace of operations. A significant part of the calendar-planned regulations for the type of mass production is sustainable and just laid the basis for the planned regulations of the production lines. Planning is based on the calculation of the rate of release and details of the calculation of interoperable standards groundwork. When a batch type production nomenclature of manufactured products less stable, but still regularly repeated in the release program, the number performed in detail shops operations far exceeds the number of jobs that determines the production of goods parties. Main planning task in batch production, ensuring periodicity of manufacture products in accordance with the scheduled task. Increasing seriality achieved the unification of parts and typed processes. The objective of production planning is to manufacture products on time and uniform loading of production sites for a given production cycle. Each type of production of different methods can be arranged. The main ones are in-line, single party and methods of production. The most effective line method. The set of methods, tools, and principles of organization of the process to form the production planning and control system. Specifically shown what it takes to build a mathematical model of operations.
It is proved that the execution of technological operations connected with the transfer of technological resources on the subject of work in order to change its properties, each of which is determined by the input parameters. We consider the formalization of violations of state regulatory process parameters. But while all the above refers to existing guests. It is concluded that the analytical methods of system design management of industrial production lines are based on the construction of states in the phase space trajectories of the objects of labor. The foundation for building effective models of object-technology-driven production processes that describe the motion of objects on the working party from the technological production line which is the foundation of conservation laws that characterize resource transfer process on the subject of work. Development of a detailed description of the subject-Technology managed production process, based on the stochastic mechanism of transfer of technological resources on the subject of work as a result of the impact of the equipment during the execution process step requires the introduction of parameters characterizing the state of the object of labor in the phase technological space.
{"title":"About the Methods of Formalization of Technological Process","authors":"K. Tubychko, O. Pihnastyi","doi":"10.2139/ssrn.3695239","DOIUrl":"https://doi.org/10.2139/ssrn.3695239","url":null,"abstract":"There are mass, serial and single types of production are determined by the coefficient of consolidation of operations at the workplace (GOST 3.1121.84). Mass production is characterized by a type of highly specialized departments and sections on output, limited and stable for a long period of the time range of products. The main objective of planning is to ensure the movement of work-pieces on at a given pace of operations. A significant part of the calendar-planned regulations for the type of mass production is sustainable and just laid the basis for the planned regulations of the production lines. Planning is based on the calculation of the rate of release and details of the calculation of interoperable standards groundwork. When a batch type production nomenclature of manufactured products less stable, but still regularly repeated in the release program, the number performed in detail shops operations far exceeds the number of jobs that determines the production of goods parties. Main planning task in batch production, ensuring periodicity of manufacture products in accordance with the scheduled task. Increasing seriality achieved the unification of parts and typed processes. The objective of production planning is to manufacture products on time and uniform loading of production sites for a given production cycle. Each type of production of different methods can be arranged. The main ones are in-line, single party and methods of production. The most effective line method. The set of methods, tools, and principles of organization of the process to form the production planning and control system. Specifically shown what it takes to build a mathematical model of operations. <br><br>It is proved that the execution of technological operations connected with the transfer of technological resources on the subject of work in order to change its properties, each of which is determined by the input parameters. We consider the formalization of violations of state regulatory process parameters. But while all the above refers to existing guests. It is concluded that the analytical methods of system design management of industrial production lines are based on the construction of states in the phase space trajectories of the objects of labor. The foundation for building effective models of object-technology-driven production processes that describe the motion of objects on the working party from the technological production line which is the foundation of conservation laws that characterize resource transfer process on the subject of work. Development of a detailed description of the subject-Technology managed production process, based on the stochastic mechanism of transfer of technological resources on the subject of work as a result of the impact of the equipment during the execution process step requires the introduction of parameters characterizing the state of the object of labor in the phase technological space.","PeriodicalId":122208,"journal":{"name":"INSEAD Working Paper Series","volume":"95 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130853613","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The paper focuses on the rebalancing premium, defined as the difference between the cash-flows generated by a fixed-weight (FW) strategy and a drift-weight (DW) strategy at the end of an investment horizon. A unified framework is used to investigate both FW contrarian (long-only) strategies and FW momentum (leveraged and short) strategies. The benefit of the derivatives approach is to provide information about the ex-ante costs of rebalancing.The paper shows that the rebalancing premium can be replicated by a portfolio of derivatives composed of strangles. It introduces the concept of “rebalancing swap,” “rebalancing swap rate,” and “portable rebalancing strategy.”Finally, the paper suggests a “rebalancing factor” to control for the impact of rebalancing in the empirical tests of asset pricing models and mutual fund performance.
{"title":"The Ex-Ante Rebalancing Premium","authors":"Pierre Hillion","doi":"10.2139/ssrn.2746471","DOIUrl":"https://doi.org/10.2139/ssrn.2746471","url":null,"abstract":"The paper focuses on the rebalancing premium, defined as the difference between the cash-flows generated by a fixed-weight (FW) strategy and a drift-weight (DW) strategy at the end of an investment horizon. A unified framework is used to investigate both FW contrarian (long-only) strategies and FW momentum (leveraged and short) strategies. The benefit of the derivatives approach is to provide information about the ex-ante costs of rebalancing.The paper shows that the rebalancing premium can be replicated by a portfolio of derivatives composed of strangles. It introduces the concept of “rebalancing swap,” “rebalancing swap rate,” and “portable rebalancing strategy.”Finally, the paper suggests a “rebalancing factor” to control for the impact of rebalancing in the empirical tests of asset pricing models and mutual fund performance.","PeriodicalId":122208,"journal":{"name":"INSEAD Working Paper Series","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-03-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114152838","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The multi-authority form is a type of organization where subordinates report to multiple superiors and superiors share authority over their subordinates. While those forms are quite common among modern organizations, research on such forms offers conflicting findings. These conflicting findings, in turn, suggest the need for greater understanding of the mechanisms through which these complex hierarchies operate. We create an explicit agent-based model where organizational adaptation is guided by a coupled search, with superiors integrating efforts of interdependent organizational units and their subordinates pursuing specialization within those units. We identify the specific mechanisms which make the multi-authority form the preferred option when specialization and integration are both important. The traditional hierarchy is, in turn, shown to be superior at integrating interdependent units, but at a cost of local specialization.
{"title":"Are Two Heads Better than One: The Multi-Authority Form and Organizational Adaptation","authors":"Daniel A. Levinthal, Maciej Workiewicz","doi":"10.2139/ssrn.2630088","DOIUrl":"https://doi.org/10.2139/ssrn.2630088","url":null,"abstract":"The multi-authority form is a type of organization where subordinates report to multiple superiors and superiors share authority over their subordinates. While those forms are quite common among modern organizations, research on such forms offers conflicting findings. These conflicting findings, in turn, suggest the need for greater understanding of the mechanisms through which these complex hierarchies operate. We create an explicit agent-based model where organizational adaptation is guided by a coupled search, with superiors integrating efforts of interdependent organizational units and their subordinates pursuing specialization within those units. We identify the specific mechanisms which make the multi-authority form the preferred option when specialization and integration are both important. The traditional hierarchy is, in turn, shown to be superior at integrating interdependent units, but at a cost of local specialization.","PeriodicalId":122208,"journal":{"name":"INSEAD Working Paper Series","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126527429","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
For the first time in modern history, workplace demographics now span up to four distinct generations. Therefore, intergenerational diversity is a timely issue, gathering increasing interest amongst academics, organizations and business executives. However, the evidence base in scholarly research on generational diversity at work is often contradictory and unclear. In this study we aim to identify and examine existing empirical research on generational differences in work-related characteristics to inform future focal areas for generational research related to leadership and management; as well as to synthesize the existing evidence of generational differences in a variety of work-related characteristics. We conduct a systematic review of the literature to synthesize empirical research in a rigorous manner (following a disciplined screening process, a final sample of 50 studies is examined). In the analysis, six key themes emerge: communication and technology; work motivators or preferred job characteristics; work values; work attitudes; workplace/career behaviors; and leadership preferences or behaviors. Our systematic review also reveals that the majority of empirical studies provide results which fully or partially support the existence of generational diversity; highlighting the importance of future research to address the potential differing needs and characteristics of each generation as they interact and work within organizations. Our study contributes to the development of generational theory, proposes specific areas for important future research priorities on the topic of generational diversity, and highlights some implications for organizational practice. Although the systematic review is not commonplace, our study does contribute to its application in the field of management.
{"title":"Generational Diversity at Work: A Systematic Review of the Research","authors":"Ian C. Woodward, Pisitta Vongswasdi, E. More","doi":"10.2139/ssrn.2630650","DOIUrl":"https://doi.org/10.2139/ssrn.2630650","url":null,"abstract":"For the first time in modern history, workplace demographics now span up to four distinct generations. Therefore, intergenerational diversity is a timely issue, gathering increasing interest amongst academics, organizations and business executives. However, the evidence base in scholarly research on generational diversity at work is often contradictory and unclear. In this study we aim to identify and examine existing empirical research on generational differences in work-related characteristics to inform future focal areas for generational research related to leadership and management; as well as to synthesize the existing evidence of generational differences in a variety of work-related characteristics. We conduct a systematic review of the literature to synthesize empirical research in a rigorous manner (following a disciplined screening process, a final sample of 50 studies is examined). In the analysis, six key themes emerge: communication and technology; work motivators or preferred job characteristics; work values; work attitudes; workplace/career behaviors; and leadership preferences or behaviors. Our systematic review also reveals that the majority of empirical studies provide results which fully or partially support the existence of generational diversity; highlighting the importance of future research to address the potential differing needs and characteristics of each generation as they interact and work within organizations. Our study contributes to the development of generational theory, proposes specific areas for important future research priorities on the topic of generational diversity, and highlights some implications for organizational practice. Although the systematic review is not commonplace, our study does contribute to its application in the field of management.","PeriodicalId":122208,"journal":{"name":"INSEAD Working Paper Series","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121768777","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper shows that collateralised short-term debt, although privately optimal for reducing borrowers’ moral hazard, can cause fragility (multiple equilibria) when the collateral market is illiquid. A new form of coordination failure between borrowers’ ex ante margin and risk-taking decisions engenders a systemic run in the collateralised debt market: large changes in credit rationing, margins, repo spreads, etc. The model also captures the large (small) crosssectional differences between safe and risky collateral in bad (good) times. Finally, I show that asset price guarantees could improve welfare and promote stability but repealing repo contracts’ “automatic stay” exemption might do the opposite.
{"title":"Self-Fulfilling Fire Sales: Fragility of Collateralised Short-Term Debt Markets","authors":"J. Kuong","doi":"10.2139/ssrn.2506661","DOIUrl":"https://doi.org/10.2139/ssrn.2506661","url":null,"abstract":"This paper shows that collateralised short-term debt, although privately optimal for reducing borrowers’ moral hazard, can cause fragility (multiple equilibria) when the collateral market is illiquid. A new form of coordination failure between borrowers’ ex ante margin and risk-taking decisions engenders a systemic run in the collateralised debt market: large changes in credit rationing, margins, repo spreads, etc. The model also captures the large (small) crosssectional differences between safe and risky collateral in bad (good) times. Finally, I show that asset price guarantees could improve welfare and promote stability but repealing repo contracts’ “automatic stay” exemption might do the opposite.","PeriodicalId":122208,"journal":{"name":"INSEAD Working Paper Series","volume":"62 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133724546","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper provides new theory and evidence about the benefits of openness on a firm’s innovation performance and, more importantly, the specific firm-level contingencies under which those benefits are more (or less) likely to be observed. Building on Dyer and Singh’s (1998) relational view, we suggest that a firm’s lack of resources and absorptive capacity, as well as its use of secrecy, are significant barriers to benefiting from openness to external knowledge. Using responses from 12,152 firms to the fourth and fifth UK versions of the Community Innovation Survey (CIS) we generate findings consistent with our hypotheses.
{"title":"Ready to Be Open? Explaining the Firm-Level Barriers to Benefiting from Openness to External Knowledge","authors":"J. Birkinshaw, M. Mol, L. F. Monteiro","doi":"10.2139/ssrn.2585538","DOIUrl":"https://doi.org/10.2139/ssrn.2585538","url":null,"abstract":"This paper provides new theory and evidence about the benefits of openness on a firm’s innovation performance and, more importantly, the specific firm-level contingencies under which those benefits are more (or less) likely to be observed. Building on Dyer and Singh’s (1998) relational view, we suggest that a firm’s lack of resources and absorptive capacity, as well as its use of secrecy, are significant barriers to benefiting from openness to external knowledge. Using responses from 12,152 firms to the fourth and fifth UK versions of the Community Innovation Survey (CIS) we generate findings consistent with our hypotheses.","PeriodicalId":122208,"journal":{"name":"INSEAD Working Paper Series","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-03-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133692683","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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