Essays on dynamic value change perspective in resource based view, determinants of alliance formation and risk preference in alliance formation /
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| Format: | Thesis eBook |
| Language: | English |
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[College Station, Tex.] :
[Texas A&M University],
[2011]
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| Online Access: | Link to OAK Trust copy |
| Abstract: | This dissertation focuses on addressing some critical shortcomings in recent developments of the field of strategic management with three essays; shortcomings in the ubiquitous Resource Based View (RBV) on matters regarding the origins and processes of value creation; shortcomings in alliance management capability (AMC) research with regard to explaining the determinants of alliance formation; shortcomings of a traditional portfolio theory based approach toward explaining risk preference in the formation of alliances. The second chapter of this dissertation deals with the first essay. This chapter argues value originates from a basic asymmetry in the perceptions and resources of various stakeholders in a value chain- consumers, firm, and suppliers. Such asymmetry inherently occurs due to bounded rationality and resource constraint of the stakeholders. However, this asymmetry evolves through competitive interactions among stakeholders. Thus, this chapter develops a dynamic approach to firm value creation emphasizing interactions between a firm's internal growth processes and external changes in its market environment. The third chapter of this dissertation, the second essay, focuses on the missing determinants of strategic alliance formation in an alliance management capability (AMC) explanation. This chapter suggested three missing factors: 1) basic limits in the number of alliances a firm can effectively manage, 2) absorptive capacity, and 3) a firm's external competition in explaining the formation of alliances. This chapter empirically supports these missing determinants significantly impact the formation of alliances especially at different types of alliances such as exploitive and explorative alliances. Exceptionally, however, the basic limits in the number of alliance to manage does not significantly impact the total number of alliance formation. The fourth chapter of this dissertation, the third essay, examines a firm's risk preference with regard to its choice of risk alliances. Based on prospect theory and behavioral theory, this chapter aims to resolve the research question of why firms form risky alliances when such alliances yield low returns. According to risk preference research, a firm is a risk seeker when its returns fall below a reference point and conversely becomes risk averse when its returns rise above this reference point. This study empirically examines and supports this argument. |
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| Item Description: | "Major Subject: Agricultural Economics" Title from author supplied metadata (automated record created 2011-02-28 11:02:00). Electronic resource. |
| Physical Description: | 1 online resource. |
| Bibliography: | Includes bibliographical references. |