Showing papers by "Andrew C. Inkpen published in 2001"

The Corporate Objective Revisited

Abstract: In this we paper we explain why maximizing shareholder value should be the sole objective function for governing the corporation and why that objective function is, on balance, good for all stakeholders. Shareholder value maximization is the ideal corporate goal because it is the best among all available alternatives for governing the corporation and, therefore, one that makes the most sense for managers formulating and implementing strategy. We construct a set of five normative arguments for the shareholder value maximization view. To support our position we trace the origins of the corporate governance debate from the late nineteenth century and its resulting implications for accepted corporate law and practice of corporate governance in the United States. We examine the debate as reflected in the shareholder/stakeholder arguments in the management and strategy literatures, and the contractarian/communitarian arguments as reflected in the legal literature.

Why Do Some Strategic Alliances Persist beyond Their Useful Life

Abstract: Strategic alliances continue to be important tools of competitive strategy. However, many alliances do not achieve their partners' collaborative objectives and are terminated prematurely. As a result, alliances are often described as inherently unstable organizational forms that are subject to high rates of failure. In addition to the problems associated with not achieving collaborative objectives, a related issue has received limited attention. Although alliances are prone to failure, there are numerous examples of strategic alliances that continue for years despite failing to accomplish partner objectives. This article examines such strategic alliances; however, it does not focus on why failure occurs, but rather the variables that contribute to firms' persistence with failing alliances. It also provides measures that can effectively counter persistence.

A Note on Ranking the International Business Journals

Abstract: (2000) examined the relative quality of 30 international business (IB) journals. The article's objectives were to present an objective analysis of journal quality for tenure and promotion decisions, to guide researchers considering submission options, and to provide the academic community with an enhanced understanding of IB publication outlets. Using citation analyses and a survey questionnaire, journal rankings were developed. As designed, the study was carefully executed and provides a comprehensive list of journals that publish IB research. Within the IB research acad-