ORGANIZATIONAL DESIGN, ORGANIZATIONAL LEARNING, AND THE MARKET VALUE OF THE FIRM

Autor: Carroll, Timothy N., Hunter, Starling D.
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Druh dokumentu: Working Paper
Popis: We compare market returns associated with firms' creation of new units focused on e-business. Two aspects of organization design - governance and leadership - are considered with regard to exploitation - and exploration-oriented organization learning. We find that exploitation in governance (high centralization) is associated with a lower mean and variance in returns; that exploitation in leadership (appointment of outsiders) is associated with the same mean yet higher variance; and, among units exhibiting both modes of learning, the variance of returns are not equal.
Databáze: Networked Digital Library of Theses & Dissertations