WHU - Otto Beisheim School of Management

About: WHU - Otto Beisheim School of Management is a education organization based out in Vallendar, Germany. It is known for research contribution in the topics: Corporate governance & Investment (macroeconomics). The organization has 549 authors who have published 1896 publications receiving 51637 citations.

Signaling in Equity Crowdfunding

Abstract: This paper presents a first–ever empirical examination of the effectiveness of signals that entrepreneurs use to induce (small) investors to commit financial resources in an equity crowdfunding context. We examine the impact of venture quality (human capital, social [alliance] capital, and intellectual capital) and uncertainty on fundraising success. Our data highlight that retaining equity and providing more detailed information about risks can be interpreted as effective signals and can therefore strongly impact the probability of funding success. Social capital and intellectual capital, by contrast, have little or no impact on funding success. We discuss the implications of our results for theory, future research, and practice.

A Capability‐Based Framework for Open Innovation: Complementing Absorptive Capacity

Abstract: We merge research into knowledge management, absorptive capacity, and dynamic capabilities to arrive at an integrative perspective, which considers knowledge exploration, retention, and exploitation inside and outside a firm's boundaries. By complementing the concept of absorptive capacity, we advance towards a capability-based framework for open innovation processes. We identify the following six ‘knowledge capacities’ as a firm's critical capabilities of managing internal and external knowledge in open innovation processes: inventive, absorptive, transformative, connective, innovative, and desorptive capacity. ‘Knowledge management capacity’ is a dynamic capability, which reconfigures and realigns the knowledge capacities. It refers to a firm's ability to successfully manage its knowledge base over time. The concept may be regarded as a framework for open innovation, as a complement to absorptive capacity, and as a move towards understanding dynamic capabilities for managing knowledge. On this basis, it contributes to explaining interfirm heterogeneity in knowledge and alliance strategies, organizational boundaries, and innovation performance.

Absorptive Capacity, Environmental Turbulence, and the Complementarity of Organizational Learning Processes

Abstract: Following the process-based definition of absorptive capacity, this article identifies technological and market knowledge as two critical components of prior knowledge in the organizational learnin

An empirical examination of supply chain performance along several dimensions of risk

Abstract: This research operationalizes several supply chain risk sources and investigates their relationships with supply chain performance. The responses of 760 executives from firms operating in Germany reveal that demand side and supply side risks do have a negative impact on performance whereas regulatory, legal and bureaucratic risks, infrastructure risks, as well as catastrophic risks do not. The analysis and results augment previous research regarding the impact of supply chain risks on the operational performance of firms and shareholder value and provide a detailed analysis of supply chain risk sources as contextual variables in strategic decision-making.