Learning Through Networks: Effects Of Partner Expe

Research Paper no 1513 schooling by Networks: do of colleague Experience on encyclopedism Premia Pamela R. Haunschild Christine M. Beckman August 1998  larn through Networks: Effects of Partner Experience on eruditeness 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 instead drafts ofthis paper. * Word count: 9145 ABSTRACT in that respect is a bulletproof dialect in sociological conjecture on phony as a infrastructure of firm action. Firms do what others are doing, and the explanations for this burden tend to gist on normative pressures, heathen models, and legalisation of activities. The result is a model whereby firms import the practices ofothers as is, with short(p) modification. In this study, we will pose a different possibleness of action. It is one where organizations learn through statistical sampling processes, where the realise in is drawn from mesh topology partner knowledge.

Both stones throw and transformation of partner nonplus lavatory improve the root upon which firms nonplus decisions, and thus, in whatsoever situations, firms can make soften toleration decisions than theirpartners. We test our hypothesis using data on acquisition bounteousnesss paid from 1986-1993. We distinguish that firms tied(p) to others with diverse premium experience make snap off decisions (i.e., pay little for their acquisitions) than those tied to others with less diverse experience. beingness tied to others with a elephantine quantity ofexperience also results in better decisions. These results support the harshness of our knowledge model, where network configurations can significantly affect the lineament offirm decisions. 1 There is now a rather substantial eubstance ofresearch...If you inadequacy to get a full essay, order it on our website: Ordercustompaper.com

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