Research Seminars

Creating and Capturing Value in Repeated Exchange Relationships: Managing a Second Paradox of Embeddedness

Strategy & Business Policy

Speaker: Todd Zenger
University of Utah

2 June 2016 - E lab - From 1:30 pm to 3:00 pm

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Prior empirical studies suggest repeated exchange develops increasing value in buyer-supplier relationships. A first order implication of this finding is that buyers will focus exchange to generate maximum value in relationships. However, buyers are equally concerned with value capture. By distributing rather than focusing exchange, buyers may position themselves to capture more of the value created, leaving buyers potentially conflicted concerning the choice. We label this dynamic the second paradox of embeddedness, distinguishing it from Uzzi’s (1997) paradox driven by technological uncertainty. By examining the procurement activities of a large, diversified manufacturing company, we then test for supplier and buyer behavior consistent with the conditions that enable and behaviors that result from this second paradox.

Tough on criminal wealth? Exploring the link between organized crime asset confiscation and regional entrepreneurship

Strategy & Business Policy

Speaker: Elisa OPERTI
ESSEC

19 October 2017 - HEC Room T017 - From 1:30 pm to 3:00 pm


This paper joins a recent stream of research delving into the market and societal implications of initiatives against organized crime. We ask the question “How does the fight against organized crime affect entrepreneurial entries in a region?” We focus on asset confiscation in relation to alleged connections of their owners with organized crime, one of the most debated judiciary tools to fight the interests of organized crime activities in a region. Consistent with research in institutional economics, we propose that criminal organizations provide “third-best” institutional frameworks that can limit expropriation and favor dispute resolution. Confiscation weakens criminal organizations’ ability to provide governance, creating an institutional vacuum that can lower founding rates, unless it is paired with complementary measures that favor institutional replacement. Using data on asset confiscation in Italian provinces between 2009 and 2013, we show that confiscation events increase entry rates only when local institutions can guarantee the redeployment of confiscated assets in legitimate markets.

Strategy & Business Policy

Speaker: Sendhil Ethiraj
LBS

8 June 2017


Strategy & Business Policy

Speaker: Tanya Menon
Ohio State University

6 June 2017 - T004 - From 1:30 pm to 3:00 pm


Strategy & Business Policy

Speaker: Karin Hoisl
University of Mannheim

11 May 2017 - T015 - From 1:30 pm to 3:00 pm


Strategy & Business Policy

Speaker: Thomas Mellewigt
Freie Universität Berlin

4 May 2017


Contact Us  

Strategy & Business Policy Department

Campus HEC Paris
1, rue de la Libération
78351 Jouy-en-Josas cedex
France

Featured Faculty  

Bernard GARRETTE

Strategy and Business Policy (GREGHEC)

Consult résumé

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