We model long-run firm performance, management compensation, and corporate governance in a dynamic, nonstationary world. We show that managerial compensation and governance policies, which, in a single-period context, can best be rationalized by self-serving managerial influence over board policy, are shareholder-wealth maximizing in a dynamic setting. For example, shareholder wealth is maximiz...

Abstract: Research in social networks has demonstrated that firms in changing environments will benefit from innovation networks. However, the lack of consensus on what factors and how these factors impact performance impedes further research in this area. In this paper, the concept of an International Innovation Network (IIN) and its performance is clarified. Then, based on reviews of the soci...

liquid-liquid equilibria for the (water + lactic acid + benzyl alcohol or p-xylene) ternary systems were investigated at atmospheric pressure and in the temperature range from 298.15-318.15 k. the studied systems exhibit two types of liquid-liquid equilibrium (lle) behavior. the system consisting of benzyl alcohol displays type-1 lle behavior, while a type-2 behavior is exhibited by the other s...

This research considers how different features of informal networks affect knowledge transfer. As a complement to previous research that has emphasized the dyadic tie strength component of informal networks, we focus on how network structure influences the knowledge transfer process. We propose that social cohesion around a relationship affects the willingness and motivation of individuals to i...

• Examines the effects of dimensions firm relocation on formation new knowledge ties. Takes spatial, relational, and temporal context tie into account. The empirical setting is relocated architecture engineering consultancy firms. number continued ties time elapsed after hamper formation. A strictly longitudinal design not always needed for examining dimension. To what extent does a affect with...

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