Search results for "Positive interaction"
showing 3 items of 3 documents
The interaction between inter-firm and interlocking directorate networks on firm's new product development outcomes
2016
This paper explores the interaction between a prominent board of directors and the network of inter-firm rela- tionships on new product development. Specifically, we posit a positive interaction effect between a prominent board and the inter-firm network and structural holes positions on the number of new products developed by the firm. We test the theoretical framework on a sample of 1758 agreements among 1890 biopharmaceutical firms over the period 2006–2010. We find that by filtering, complementing and legitimizing information coming from the inter-firm network, a prominent interlocking directorate network can improve the inter-firm network's effects on new product development. We discus…
EXPLORATION, EXPLOITATION AND INCENTIVES TO INNOVATE: THE DISCIPLINING ROLE OF DEBT
2014
Extant research suggests that when compared to equity, debt financing is less conducive to innovation activities. In this paper we challenge this view by suggesting that although equity sustains innovation by allowing risk-taking and experimentation, it may also encourage the pursuit of exploration at the expense of exploitation. Under these circumstances, the stricter governance associated with debt becomes important as it stimulates managers to shift resources towards exploitation in order to mitigate risk and improve short-term pay-offs. In support of these arguments our empirical analysis shows that, while leverage has a negative impact on standard measures of innovation quantity and qu…
Spectroscopic signatures of the carbon buckyonions C60@C180 and C60@C240: a dispersion-corrected DFT study
2013
We have investigated, using dispersion corrected DFT methods, the structure and the spectroscopic properties of carbon buckyonions C-60@C-180 and C-60@C-240. C-60, C-180 and C-240 showed a noticeable variation of their geometries in C-60@C-180 and C-60@C-240, upon encapsulation. Inclusion of the dispersion correction term in the calculations has a significant effect on the geometry. C-60@C-180 has a large positive interaction energy, while for C-60@C-240 a negative value is found indicating that only C-240 can easily accommodate C-60. In both cases dispersion interactions strongly contribute to the stabilization of the complexes. Vibrational frequencies, electronic transitions and NMR prope…