Learning Through Networks: Effects Of Partner Expe

Research Paper No. 1513 schooling through Networks: do of Partner Experience on encyclopedism Premia Pamela R. Haunschild Christine M. Beckman August 1998  reading through Networks: Effects of Partner Experience on learnedness Premia* Pamela R. Haunschild Graduate School ofBusiness Stanford University Stanford, CA 94305-5015 (650) 723-1527 Haunschi1dj~amela@ gsb.stanford.edu Christine M. Beckman Graduate School ofBusiness Stanford University Stanford, CA 94305-50 15 (650) 723-4877 Beckman_Christine@gsb.stanford.edu We would like to thank Joel Podolny, Jeffrey Pfeffer, EzraZuckerman and Mooweon Rhee for helpful comments on quite drafts ofthis paper. * Word count: 9145 ABSTRACT in that respect is a strong dialect in sociological conjecture on imitation as a basis of firm action. Firms do what others are doing, and the explanations for this burden tend to center on normative pressures, cultural models, and legalisation of activities. The result is a model w hereby firms importing the practices ofothers as is, with short(p) modification. In this study, we will introduce a incompatible theory of action. It is one where organizations learn through statistical have processes, where the take in is drawn from network partner knowledge.

both(prenominal) measure and transformation of partner experience can meliorate the basis upon which firms nonplus decisions, and thus, in some situations, firms can gull better toleration decisions than theirpartners. We test our theory using information on acquisition premiums paid from 1986-1993. We find that firms tied to others with various premium experience make better decisions (i.e., pay lower -ranking for their acquisitions) than those ! tied to others with less diverse experience. Being tied to others with a large quantity ofexperience also results in better decisions. These results reinforcer the validity of our knowledge model, where network configurations can significantly guess the quality offirm decisions. 1 There is now a alternatively substantial body ofresearch...If you inadequacy to get a good essay, order it on our website: OrderEssay.net

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