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Author: | Coff, R. |
Title: | Bidding wars over R&D-intensive firms: knowledge, opportunism, and the market for corporate control |
Journal: | Academy of Management Journal
2003 : FEB, VOL. 46:1, p. 74-85 |
Index terms: | Bidding COMPANY CONTROL Knowledge R&D |
Freeterms: | Opportunism |
Language: | eng |
Abstract: | The knowledge-based theory of the firm suggests that, as knowledge intensity increases, knowledge management concerns, not opportunism, should increasingly drive organizational boundary decisions. Therefore, as R&D intensity increases, knowledge-based theory should gain explanatory power over transaction cost economics, in which opportunism is the primary driver. However, this study shows problems of opportunism increasing with R&D intensity. |
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