返回
Technological Entry, Redeployability, and Firm Value
DOI:10.1111/joms.12795.png)
摘要
En 中文
We provide a framework that enriches our understanding of resource redeployability, i.e., the value-generating option to withdraw resources from one use and reallocate them to another use. Existing works largely assume that the new uses of a resource are known ex ante and easily identifiable by managers. However, several cases from different industries suggest that new uses often emerge while a firm's technology base radiates into new domains. We analyse how a firm's technology base, by radiating into new domains that potentially reveal new uses and resource redeployment options, can spur firm value. We develop five hypotheses on the relationship between technological entry into new domains and firm value, and test them using a novel patent-based measure in a panel of US firms.
Keyword:
New uses
Technological entry
Redeployability
Options
Patents
AI总结
对已上传原文的论文进行重点信息的提取,主要内容包括:简要概述、研究摘要、背景介绍、关键亮点、图文解析、展望与总结。
期刊
IF:
6.4
论文数:
2.6K
被引数:
1.7W
机构
引用论文
OPPORTUNITY COSTS AND NON-SCALE FREE CAPABILITIES: PROFIT MAXIMIZATION, CORPORATE SCOPE, AND PROFIT MARGINS机会成本和非无规模能力: 利润最大化、公司范围和利润率
Regulation of Diamine Oxidase Expression by Ornithine Decarboxylase in Isolated Rat Small Bowel Enterocytes
Digestion
IF0
Does Innovation Cause Stock Market Runups? Evidence from the Great Crash
AMERICAN ECONOMIC REVIEW
IF11.6

