IE University

About: IE University is a education organization based out in Segovia, Castilla y León, Spain. It is known for research contribution in the topics: Corporate governance & Context (language use). The organization has 527 authors who have published 1709 publications receiving 64682 citations.

Dynamism and Complexity as Antecedents of the Knowledge Strategy in Product Development

Abstract: Focusing on product development, this study extends the understanding of the environment-strategy framework and investigates the relative effect of two classical environmental variables, dynamism and complexity, on the knowledge strategy. Adopting a knowledge-based view, and assuming that the strategy's locus is knowledge creation - exploration and knowledge application - exploitation, the study suggests that the development of a knowledge strategy is a managerial strategic choice that is related to the environment. The results of a survey on product development managers indicate that product development efforts operating in highly dynamic environments mostly pursue exploratory strategies. Results also show a significant positive relationship between complexity and exploitation. Finally, the study finds that product development efforts in environment characterized by high levels of both dynamism and complexity pursue and reinforce both explorative and exploitative activities through the knowledge strategy.

Data granularity for life cycle modelling at an urban scale

Abstract: Calculating emissions and related environmental impacts for buildings is typically a data-heavy and labour-intensive task. Widely used life cycle assessment (LCA) standards require meticulous model...

Do UK Institutional Shareholders Monitor Their Investee Firms

Abstract: As institutional investors are the largest shareholders in most listed UK firms, one expects them to monitor the firms they invest in. However, there is mounting empirical evidence which suggests that they do not perform any monitoring. This paper provides a new test on whether UK institutional investors engage in monitoring. The test consists of an event study on directors' trades. If institutional shareholders act as monitors, their monitoring activities convey new information about a firm's future value to other outside shareholders and reduce the informational asymmetry between the managers and the market. As a result, directors' trades convey less information to the market, and the stock price reaction is weaker. However, our results show that institutional shareholders do not have any significant impact on the stock price reaction which stands in marked contrast with the impact that families, individuals and other firms have on stock prices.