London Business School

About: London Business School is a education organization based out in London, England, United Kingdom. It is known for research contribution in the topics: Portfolio & Equity (finance). The organization has 1138 authors who have published 5118 publications receiving 437980 citations. The organization is also known as: LBS.

The chief executive officer as corporate champion of technological innovation: aii empirical investigation

Abstract: Research on innovation has engoged the attention of many scientific disciplines over the past few decades. But while some categories of determining factors (mainly organizational and environmental) are at the centre of this research, others, such as the role and significance of strategic leadership, seem to have received much less empirical attention. Using evidence from a sample of 97 manufacturing enterprises, the present study tests a model of the impact of strategic leadership and corporate context on technological innovatin (TT). The personality and demographic characteristics of chief executive officers (CEis') are used to measure strategic leadership. A number of environmental and internal organizational variables measure the broader context. Four dimensions of TI are measured. Results suggest that CEO characteristics significantly influence TI, but the structural and environmental context is on aggregate more influential. Interestingly though, in new product introductions, CEIs' characteristics ou...

Conjoint Analysis Reliability: Empirical Findings

Abstract: This paper looks at the comparative reliability of different methodological variants of the conjoint analysis procedure. It differs from previous studies in that it looks at three methods of data collection Full Profile, Trade-off Matrices, and Paired Comparison and two levels of a key attribute price across five different product categories. In addition it tests these manipulations using two different reliability assessment procedures. The results show that most manipulations have a significant effect on the reliability scores and many interaction terms are significant.

Model-Supported Case Studies for Management Education

Abstract: There is growing interest in combining computer simulation models with conventional case studies to create learning environments for management education. ‘Model’ here denotes an endogenous theory of business dynamics, a simulation microworld, and not merely a spreadsheet or multimedia computer environment. Model-supported case studies promise improvement in strategic thinking skills and better integration of modeling with policy and strategy formation. Two examples are presented (People Express Airlines and the Intecom PBX) to show explicitly how cases and system dynamics models are combined and used. Finally, we explore research questions that arise in conjunction with such work: 1) how to teach effective inquiry skills, 2) how to teach conceptualization skills, and 3) how to enhance the ability to transfer insight to new situations.

Risk Arbitrage in Takeovers

Abstract: This article studies the role of risk arbitrageurs in takeovers and the source of their advantage. We show how the presence of arbitrageurs affects the value of the target shares, since arbitrageurs are more likely to tender. Therefore an arbitrageur has the informational advantage of knowing he bought shares. In equilibrium, the number of arbitrageurs buying shares and the price they pay are determined endogenously. We also present several empirical implications, including the relationship among trading volume, takeover premium, liquidity of the shares, and the number of risk arbitrageurs investing in one particular deal. Copyright 2002, Oxford University Press.

Estimating Income and Price Elasticities of Trade in a Cointegration Framework

Abstract: This paper presents further evidence on the empirical regularity known as the “45-degree rule.” Income and price elasticities of trade are estimated for 21 countries in a cointegration framework. More specifically, the autoregressive distributed lag (ARDL) modeling approach and the DOLS procedure are adopted to estimate the long-run structure. The empirical results confirm the existence of a systematic relationship between growth rates and income elasticity estimates: faster growing economies have high income elasticities of demand for their exports but lower import elasticities, which implies that faster growth can be observed without any marked secular trend in real exchange rates.