Foreign subsidiaries in multinational corporations (MNCs) possess knowledge that has different sources (e.g., the firm itself or various sources in the environment). How such sources influence knowledge transfer is not well understood. Drawing on the “accommodation effect” from cognitive psychology, the authors argue that accumulation of externally sourced knowledge in a subsidiary may redu…
The very first issue of Global Strategy Journal (GSJ) was published in May 2011, and you are now sitting with the first issue of the second volume. So although these are still the early days for the journal, it is an appropriate time to reflect on the first year. It has indeed been a very good year for GSJ, both in terms of quantity, as more than 150 manuscripts have been submitted so far, and …
You hold in your hands the first issue of the launch volume of Global Strategy Journal, the newest member of the Strategic Management Society/Wiley family of journals. You might well be wondering just why GSJ has been launched now and even more whether you should invest your time and effort into reading it and?we hope?publishing in it. We are convinced that you should do both. To help encourage…
The paper examines the impact of ownership structure on company economic performance in 435 of the largest European companies. Controlling for industry, capital structure and nation effects we find a positive effect of ownership concentration on shareholder value (market-to-book value of equity) and profitability (asset returns), but the effect levels off for high ownership shares. Furthermore …