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Firm Strategy and Age Dependence: A Contingent View of the Liabilities of Newness, Adolescence, and Obsolescence
16 references·16 citing·23 second hopsampled
Firm Strategy and Age Dependence: A Contingent View of the Liabilities of Newness, Adolescence, and Obsolescence (1999)Firm Strategy and Age Dependence: A Conti…Firm resources and sustained competitive advantage (2004)Firm resources and sustained …The myopia of learning (1993)The myopia of learningThe cornerstones of competitive advantage: A resource‐based view (1993)The cornerstones of competiti…Organizational Learning: The Contributing Processes and the Literatures (1991)Organizational Learning: The …Firm Resources and Sustained Competitive Advantage (1991)Firm Resources and Sustained …Exploration and Exploitation in Organizational Learning (1991)Exploration and Exploitation …Architectural Innovation: The Reconfiguration of Existing Product Technologies and the Failure of Established Firms (1990)Architectural Innovation: The…Absorptive Capacity: A New Perspective on Learning and Innovation (1990)Absorptive Capacity: A New Pe…Asset Stock Accumulation and Sustainability of Competitive Advantage (1989)Asset Stock Accumulation and …Structural Inertia and Organizational Change (1984)Structural Inertia and Organi…An Evolutionary Theory of Economic Change. (1983)An Evolutionary Theory of Eco…An Evolutionary Theory of Economic Change (1983)An Evolutionary Theory of Eco…The Population Ecology of Organizations (1977)The Population Ecology of Org…THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)THE VALUATION OF RISK ASSETS …The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)The Valuation of Risk Assets …CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)CAPITAL ASSET PRICES: A THEOR…Unpacking liabilities of newness and smallness in innovative start-ups: Investigating the differences in innovation performance between new and older small firms (2020)Unpacking liabilities of newn…Configurations of firm-level value capture in coopetition (2019)Configurations of firm-level …Living and Dying: Synthesizing the Literature on Firm Survival and Failure across Stages of Development (2017)Living and Dying: Synthesizin…Firm age: a survey (2016)Firm age: a surveyWithin‐industry diversification and firm performance—an S‐shaped hypothesis (2014)Within‐industry diversificati…Unmixed signals: How reputation and status affect alliance formation (2013)Unmixed signals: How reputati…Entrepreneurial growth: The role of international knowledge acquisition as moderated by firm age (2013)Entrepreneurial growth: The r…Do young firms owned by recent immigrants outperform other young firms? (2012)Do young firms owned by recen…Identities as Lenses: How Organizational Identity Affects Audiences' Evaluation of Organizational Performance (2011)Identities as Lenses: How Org…Resources, environmental change, and survival: asymmetric paths of young independent and subsidiary organizations (2010)Resources, environmental chan…Priorities, Resource Stocks, and Performance in Family and Nonfamily Firms (2009)Priorities, Resource Stocks, …Greening the Supply Chain: When Is Customer Pressure Effective? (2009)Greening the Supply Chain: Wh…Within‐business diversification in technology‐intensive industries (2004)Within‐business diversificati…THE CONDITIONING EFFECT OF TIME ON FIRM SURVIVAL: AN INDUSTRY LIFE CYCLE APPROACH. (2002)THE CONDITIONING EFFECT OF TI…Avoiding Competence Substitution Through Knowledge Sharing (2000)Avoiding Competence Substitut…Performance Configurations over Time: Implications for Growth– and Profit–Oriented StrategiesPerformance Configurations ov…A resource‐based view of the firm (1984)The Theory of the Growth of the Firm (1995)Social Capital, Intellectual Capital, and the Organizational Advantage (1998)Dynamic capabilities: what are they? (2000)The Theory of Economic Development (2003)The Management of Innovation (1994)Toward a knowledge‐based theory of the firm (1996)Capitalism, Socialism and Democracy (1997)Dynamic capabilities and strategic management (1997)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)Strategic Factor Markets: Expectations, Luck, and Business Strategy (1986)The Social Psychology of Organizations. (1979)Absorptive Capacity: A Review, Reconceptualization, and Extension (2002)A BEHAVIORAL MODEL OF RATIONAL CHOICE (1955)Prospect theory: An analysis of decision under risk (1988)The Pricing of Options and Corporate Liabilities (1973)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Common risk factors in the returns on stocks and bonds (1993)Strategic assets and organizational rent (1993)Review : Knowledge Management and Knowledge Management Systems: Conceptual Foundations And Research Issues1,2 (2001)Learning, Mutation, and Long Run Equilibria in Games (1993)A Relational View of Information Seeking and Learning in Social Networks (2003)The Strength of Weak Ties You Can Trust: The Mediating Role of Trust in Effective Knowledge Transfer (2004)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1991Firm Resources and Sustained Competitive Advantage48,209 cited
  • 2004Firm resources and sustained competitive advantage38,157 cited
  • 1990Absorptive Capacity: A New Perspective on Learning and Innovation35,597 cited
  • 1991Exploration and Exploitation in Organizational Learning21,910 cited
  • 1983An Evolutionary Theory of Economic Change.21,368 cited
  • 1964CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*19,431 cited
  • 1993The cornerstones of competitive advantage: A resource‐based view10,742 cited
  • 1983An Evolutionary Theory of Economic Change10,549 cited
  • 1990Architectural Innovation: The Reconfiguration of Existing Product Technologies and the Failure of Established Firms8,369 cited
  • 1989Asset Stock Accumulation and Sustainability of Competitive Advantage8,348 cited
  • 1991Organizational Learning: The Contributing Processes and the Literatures8,066 cited
  • 1977The Population Ecology of Organizations7,614 cited
  • 1965The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets7,600 cited
  • 1993The myopia of learning7,467 cited
  • 1984Structural Inertia and Organizational Change

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

7,243 cited
  • 1975THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.]6,743 cited
  • Cited by

    • 2002THE CONDITIONING EFFECT OF TIME ON FIRM SURVIVAL: AN INDUSTRY LIFE CYCLE APPROACH.390 cited
    • n.d.Performance Configurations over Time: Implications for Growth– and Profit–Oriented Strategies251 cited
    • 2000Avoiding Competence Substitution Through Knowledge Sharing239 cited
    • 2013Unmixed signals: How reputation and status affect alliance formation238 cited
    • 2009Greening the Supply Chain: When Is Customer Pressure Effective?229 cited
    • 2020Unpacking liabilities of newness and smallness in innovative start-ups: Investigating the differences in innovation performance between new and older small firms222 cited
    • 2009Priorities, Resource Stocks, and Performance in Family and Nonfamily Firms200 cited
    • 2011Identities as Lenses: How Organizational Identity Affects Audiences' Evaluation of Organizational Performance195 cited
    • 2016Firm age: a survey194 cited
    • 2010Resources, environmental change, and survival: asymmetric paths of young independent and subsidiary organizations186 cited
    • 2017Living and Dying: Synthesizing the Literature on Firm Survival and Failure across Stages of Development177 cited
    • 2019Configurations of firm-level value capture in coopetition171 cited
    • 2013Entrepreneurial growth: The role of international knowledge acquisition as moderated by firm age170 cited
    • 2012Do young firms owned by recent immigrants outperform other young firms?161 cited
    • 2004Within‐business diversification in technology‐intensive industries158 cited
    • 2014Within‐industry diversification and firm performance—an S‐shaped hypothesis156 cited