Topic
Resource dependence theory
About: Resource dependence theory is a research topic. Over the lifetime, 2732 publications have been published within this topic receiving 184871 citations.
Papers published on a yearly basis
Papers
More filters
TL;DR: This paper investigated whether the stock market values ethnic and gender diversity within organizational boards and found that board diversity is positively associated with market valuation and distinctively demonstrated that ethnic diversity is valued more highly by stock market than gender diversity by finding no evidence of a significant non-linear link between board diversity and market valuation.
Abstract: Organizational boards of directors are one of the most important subgroups within most modern organizations, performing critical advisory, monitoring and resource dependence roles This paper investigates the crucial question of whether the stock market values ethnic and gender diversity within organizational boards We find that board diversity is positively associated with market valuation We distinctively demonstrate further that ethnic diversity is valued more highly by the stock market than gender diversity By contrast, we do not find any evidence of a significant non-linear link between board diversity and market valuation Our findings are robust across a number of econometric models that deal with different types of endogeneities and market valuation measures Overall, our results are consistent with agency and resource dependence theoretical predictions
139 citations
TL;DR: In this paper, a longitudinal study of equity tie formation between young firms and established corporate “sharks,” spanning five technology-based industries and 25 years, unpack the effects of social defenses and find that centrally positioned third parties are a particularly powerful social defense.
Abstract: Interorganizational relationships offer many potential benefits, but they also expose firms to dangers, such as misappropriation, which pull partners apart. This tension between collaboration and competition is central to tie formation, especially for young technology firms that have both a high need for resources and high appropriability of their own resources. Prior work has examined legal and timing defenses that enable interorganizational ties by such low-power firms; we focus here on social defenses. In a longitudinal study of equity tie formation between young firms and established corporate “sharks,” spanning five technology-based industries and 25 years, we unpack the effects of social defenses and find, intriguingly, that centrally positioned third parties are a particularly powerful social defense and that third-party social defenses are especially significant when more traditional defenses are unavailable. We thus offer the insight that third-party chaperones (central venture capital investors) play a key role in helping young firms to mitigate and navigate vulnerabilities while mobilizing resources
139 citations
TL;DR: This paper integrated the managerial cognition perspective and the resource dependency perspective to examine how managerial environmental awareness and external resource acquisition (i.e., from business networks and political networks) affect corporate eco-innovation activities and analyzes their interaction effects.
138 citations
TL;DR: In this article, the authors conclude that human resource management adds significant value for organizations and that the value added is strongest when human resource systems are emphasized rather than individual practices, when human resources management decisions are tied to strategy, and among manufacturing firms.
138 citations
TL;DR: In this article, a property rights theoretical interpretation of the ownership redirection hypothesis is presented. But the authors argue that informational, financial and managerial resource constraints are only relevant for the change of ownership structure if they are non-contractible.
Abstract: This paper offers a property rights theoretical interpretation of the ownership redirection hypothesis advanced by Oxenfeldt and Kelly (Oxenfeldt and Kelly 1968). In a nutshell, couched in resource dependence theory, the ownership redirection hypothesis argues that successful franchise systems will eventually become corporate owned systems because of the reacquisition of franchisee units by the more powerful, and resource-flush franchisors. We argue that the structure and dynamics of ownership patterns in franchising networks depends on the contractibility of the franchisor's system-specific assets and the contractibility of the franchisee's local market assets. Under the property rights view, ownership redirection will result from an increase in the contractibility of the franchisee's local market assets (local market information, financial resources and managerial capabilities) and the resultant increase of the franchisor's bargaining power during the contract period. We extend the franchise literature by arguing that informational, financial and managerial resource constraints are only relevant for the change of ownership structure if they are non-contractible. This hypothesis is evaluated using data collected from the Austrian franchise sector. The empirical results are largely supportive of the hypothesis.
137 citations