Our study theorizes and tests why organizations engage in practices of open strategy and the share-price related outcomes associated with these practices. Drawing from literature on information asymmetry, we suggest that organizations that depart from their existing strategy or deviate from industry norms are more likely to open up their strategy in order to escape negative evaluations by analy...

This study examines the relation between ownership concentration and performance of initial public offerings (IPOs) in Thailand during 1989-1993. Ownership concentration plays a crucial role in emerging capital markets such as Thailand and can significantly affect IPO performance. Several testable hypotheses are constructed from the IPO literature to examine short-term and long-term IPO perform...

The objective of this study is to identify factors that help build an IT reputation, and to evaluate whether markets value a firm’s ability to develop and sustain its IT reputation. Building on IT strategic leadership and IT business value literature, we argue that a similarity in the background and hierarchical proximity between CEO and senior IT executive increases the likelihood that the fir...

Increasing the transparency of an organisation’s strategy relating to M&A (mergers and acquisitions) by engaging in voluntary communications with investors may provide benefits to both companies and investors. This study theorises and tests two factors that increase the likelihood of organisations engaging in open strategy when considering an M&A deal: strategic variation (departure from the or...

This paper provides a dynamic rational expectations equilibrium model in which investors have heterogeneous information and investment opportunities. Informed investors privately receive advance information about future earnings that is unrelated to current earnings. In response to good advance information, stock prices increase and informed investors act as trend chasers, increasing their inve...

Increasing the transparency of an organisation’s strategy relating to M&A (mergers and acquisitions) by engaging in voluntary communications with investors may provide benefits to both companies and investors. This study theorises and tests two factors that increase the likelihood of organisations engaging in open strategy when considering an M&A deal: strategic variation (departure from the or...

Our study theorizes and tests why organizations engage in practices of open strategy and the share-price related outcomes associated with these practices. Drawing from literature on information asymmetry, we suggest that organizations that depart from their existing strategy or deviate from industry norms are more likely to open up their strategy in order to escape negative evaluations by analy...

Increasing the transparency of an organisation’s strategy relating to M&A (mergers and acquisitions) by engaging in voluntary communications with investors may provide benefits to both companies and investors. This study theorises and tests two factors that increase the likelihood of organisations engaging in open strategy when considering an M&A deal: strategic variation (departure from the or...

Our study theorizes and tests why organizations engage in practices of open strategy and the share-price related outcomes associated with these practices. Drawing from literature on information asymmetry, we suggest that organizations that depart from their existing strategy or deviate from industry norms are more likely to open up their strategy in order to escape negative evaluations by analy...