Publication: Technological Entry, Redeployability and Firm Value
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Date
2022
Authors
Amore, Mario Daniele
Advisor
Court
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Publisher
John Wiley and Sons Inc
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Abstract
We provide a framework that enriches our understanding of resource redeployability,i.e.,the value-generating option to withdraw resources from one use and reallocate them to another use. Existing works largely assume that the new uses of a resource are known ex ante and easily identifiable by managers. However,several cases from different industries suggest that new uses often emerge while a firm’s technology base radiates into new domains. We analyse how a firm’s technology base,by radiating into new domains that potentially reveal new uses and resource redeployment options,can spur firm value. We develop five hypotheses on the relationship between technological entry into new domains and firm value,and test them using a novel patent-based measure in a panel of US firms. © 2022 The Authors. Journal of Management Studies published by Society for the Advancement of Management Studies and John Wiley & Sons Ltd.
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Attribution Non-Commercial No-Derivatives 4,0 International
School
IE Business School
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Keywords
New uses; Options; Patents; Redeployability; Technological entry
Citation
Amore, M. D., & Mastrogiorgio, M. (2022). Technological entry, redeployability, and firm value. Journal of Management Studies, 59(7), 1688-1722.