ICOS Presents:

"Corporate Governance and Sustainable Peace"

Professor Joel Baum
Strategic Management and Sociology
Rotman School of management, University of Toronto

University of Michigan

February 6, 2004

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Introduction

Title Slide

Partner Strategy

How Do Firms Choose Partners? - Early work

Recent work

Relational embeddedness

Relational embeddedness

Dynamics of embeddedness

Dynamics of embeddedness (2)

Implications of embedded partnering

Ya but...

Research Question/a>

Research Approach

Performance Aspirations and Risky Change

Historical and Social Aspirations

Aspirations and Risky Change

Performance Below Aspirations: Problem driven search

Performance Above Aspirations: Slack driven search

Problem vs. Slack Driven Search

Hypotheses - Main Effects

Mixed Performance Feedback: Problem-driven slack search

Mixed Performance Feedback: Mobility-driven slack search

Hypotheses - Interaction Effects

Research Setting

Network Data and Construction

Chalkboard

Variables and Estimation

Performance Metrics

Performance Metrics (2)

Aspiration Variables

Control Variables: Updated yearly and lagged one year

Table 3b. Data

Variable, Model 4, Model 8

Results: Main Effects

Results: Interaction Effects

Results: Interaction Effects (2)

So What?

So What? (2)

So What? (3)

THANKS!

Table 3b. Data

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