Ownership as a Bundle of Rights: Antecedents of the Wedge Between Control and Cash-Flow Rights Within Firms
by Tomasz Obloj and Metin Sengul
Conceptualizing ownership as a bundle of rights, Tomasz Obloj and Metin Sengul show that strategic interdependencies are a key antecedent of the control and cash flow rights that parent companies hold over their subsidiaries in multiunit firms, and any wedge between these rights.
Published October 8, 2024
Safeguarding Secrets, Shaping Acquisitions: Trade Secret Protection and the Role of Distance Between Acquirer and Target
by Marta Arroyabe, Christoph Grimpe, and Katrin Hussinger
How does legal protection of trade secrets affect M&A strategies? Firms engage in more M&As but they also become more careful when they are located further away from a target, seeking minority stakes or pursuing stepwise acquisitions.
Published September 27, 2024
Airline Responses to the COVID-19 Collapse: Applying Learning to an Unprecedented Crisis
by Henrich R. Greve
Can firms handle an unprecedented crisis well? Yes! Lessons from different past crises can be adapted, and lessons from other firms' responses can be adapted. Smart learning is the key.
Published July 22, 2024