We argue that incumbents may be in a position to adapt to radical technological change via interfirm cooperation with new entrants when the incumbents have complementary assets within their firm boundaries that are critical to commercializing the new technology. We study 889 strategic alliances of pharmaceutical companies with new biotechnology firms. We find that an incumbent’s alliances with ...

Ref2: The following is a review of the manuscript, “The effects of convection on new particle formation in the free troposphere: Case studies” by Benson et al. This review pertains to a revised version of the manuscript. The case studies in this revision are improved and provide a clearer representation of the relationship between air history and new particle formation. However, the discussion ...

States form defensive military alliances to enhance their security in the face of potential or realized interstate conflict. The network of these international alliances is increasingly interconnected, now linking most of the states in a complex web of ties. These alliances can be used both as a tool for securing cooperation and to foster peace between direct partners. However, do indirect conn...

T study investigates the effect of information technology (IT) architecture flexibility on strategic alliance formation and firm value. We first examine the effect of three dimensions of IT architecture flexibility (open communication standards, cross-functional transparency, and modularity) on formation of three types of alliances (arm’s-length, collaborative, and joint-venture alliances, resp...

Current m-commerce business models show that m-commerce depends on complex networks of business relationships, which often comprise telecommunications service providers, mobile device makers, banking industry, Internet search engine providers, and various third-party value-adding companies. Due to the nature of m-commerce, the key to success in m-commerce lies predominantly in managing a networ...

Next to fuel costs, crew costs are the largest direct operating cost of airlines. Therefore much research has been devoted to the planning and scheduling of crews over the last thirty years. The planning and scheduling of crews is usually considered as two problems: the crew pairing problem and the crew assignment (rostering) problem. These problems are solved sequentially. In this paper we foc...

Airports are important infra-structures for the air transportation business. One of the major operational constraints is the peaks of passengers in specific periods of time. Airline companies take into consideration the airport capacity when building the airline schedule and, because of that, the execution of the airline operational plan can contribute to improve or avoid airport peaks problems...

Purpose – Strategic alliances have a variety of governance structures that can be broadly classified as joint ventures, minority equity alliances, and contractual alliances. This paper seeks to empirically examine the roles of four key determinants of governance structure choice, namely, joint R&D and joint marketing objectives, alliance management experience, and international partners. Design...

We study the process of wealth creation by alliances and relate it to the quality of governance of firms. We argue that alliances increase firm’s operating flexibility, reduce the agency costs related to the free-cash flows as well as the agency costs related to the distortion in the allocation of capital within the firm. Given the constraints on the use of free cash flows, managers at the helm...