Keeping Options Alive: Evidence from the Flat Panel Industry (CEIBS Working Paper, No. 023/2020/STR, 2020)

Chang Hyun Kim (First Author), Yong H. Kim (Participant Author), Ziyi Chen (Participant Author)

科研成果: 工作论文

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摘要

This study explores how dual investment strategy become effective during technology replacement. To the early entrants of a nascent industry, a dual investment strategy might not be effective. To the late entrants competing at the level of ecosystems, however, dual investments becomes effective. The effect becomes more salient when the firms feature a business group structure and focus on emerging markets as they facilitate managing compounded complexity borne out of maintaining dual options. We find supporting evidence for our theoretical predictions through empirical analyses using 330,774 patents filed in the global flat panel display industry from 1970 to 2010.
源语言英语
已出版 - 7月 2020

Source

China Europe International Business School (CEIBS)

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