国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Complex firm structure may hurt stock in alliances

Source: Xinhua| 2018-05-05 05:31:42|Editor: Mu Xuequan
Video PlayerClose

CHICAGO, May 4 (Xinhua) -- Stock market often punishes matrix companies for entering into complex alliances with other companies as the behavior is thought to have diluted strength by juggling complexity both inside and outside, a study by researchers at the University of Michigan (UM) Ross School of Business finds.

The researchers examined the effect of a firm's internal structure on its engagement in alliances with other companies and stock market reaction to the formation of those partnerships.

"Our tests revealed an intriguing pattern of results," said Maxim Sytch, associate professor of management and organizations at UM Ross School of Business.

While matrix organizations are more likely to enter into alliances that include partners from different industries and incorporate various functions in the alliance, such as R&D, manufacturing or marketing, "such alliances are particularly complex to manage: they engender severe coordination demands, knowledge sharing challenges and conflicts of competing interests."

Then, "the matrix firms incur the double-complexity discount for entering into such alliances, especially when there is an anticipation of high coordination costs both internally, within a matrix, and externally, across multiple alliance functions," Sytch said.

"The negative investor response makes visible the practical concerns that exist in the market about the optimality of matrix firms' resource allocation choices," Sytch added.

The study is scheduled to appear in an upcoming issue of the journal Organization Science.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011105091371568501
主站蜘蛛池模板: 沾益县| 同德县| 方城县| 洪江市| 荃湾区| 潼关县| 梅州市| 四平市| 武安市| 桂东县| 苗栗县| 南城县| 福贡县| 扎赉特旗| 巴里| 沾益县| 安龙县| 东乌珠穆沁旗| 东城区| 绥化市| 东阳市| 济宁市| 宜君县| 绿春县| 卓资县| 新河县| 哈巴河县| 万全县| 台南市| 南昌市| 大洼县| 应城市| 潍坊市| 东光县| 通州市| 秦安县| 涡阳县| 泾源县| 台州市| 九龙县| 五台县|