Managerial foresight and attempted rent appropriation: insider trading on knowledge of imminent breakthroughs
dc.contributor.author | Ahuja, Gautam | en_US |
dc.contributor.author | Coff, Russell W. | en_US |
dc.contributor.author | Lee, Peggy M. | en_US |
dc.date.accessioned | 2006-09-20T15:01:32Z | |
dc.date.available | 2006-09-20T15:01:32Z | |
dc.date.issued | 2005-09 | en_US |
dc.identifier.citation | Ahuja, Gautam; Coff, Russell W.; Lee, Peggy M. (2005)."Managerial foresight and attempted rent appropriation: insider trading on knowledge of imminent breakthroughs." Strategic Management Journal 26(9): 791-808. <http://hdl.handle.net/2027.42/48681> | en_US |
dc.identifier.issn | 0143-2095 | en_US |
dc.identifier.issn | 1097-0266 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/48681 | |
dc.description.abstract | In order to establish a competitive advantage, firms must acquire or create resources at a price below their value in use. Absent pure luck, this requires managers to exercise foresight about a resource's future value and/or complementarities with pre-existing capabilities. This foresight grants managers the opportunity to exploit information asymmetries for personal gain as well as building organizational capabilities. Nevertheless, there is limited research on the extent of foresight or how managers use it. In our study of insider trading, we found that managers purchase stock well before breakthrough patents are filed. We argue for further research on the extent of managerial foresight and how it affects rent generation and appropriation. Copyright © 2005 John Wiley & Sons, Ltd. | en_US |
dc.format.extent | 169569 bytes | |
dc.format.extent | 3118 bytes | |
dc.format.mimetype | application/pdf | |
dc.format.mimetype | text/plain | |
dc.language.iso | en_US | |
dc.publisher | John Wiley & Sons, Ltd. | en_US |
dc.subject.other | Business, Finance & Management | en_US |
dc.title | Managerial foresight and attempted rent appropriation: insider trading on knowledge of imminent breakthroughs | en_US |
dc.type | Article | en_US |
dc.rights.robots | IndexNoFollow | en_US |
dc.subject.hlbsecondlevel | Business (General) | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbsecondlevel | Film and Video Studies | en_US |
dc.subject.hlbsecondlevel | Management | en_US |
dc.subject.hlbsecondlevel | Urban Planning | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.subject.hlbtoplevel | Arts | en_US |
dc.subject.hlbtoplevel | Social Sciences | en_US |
dc.description.peerreviewed | Peer Reviewed | en_US |
dc.contributor.affiliationum | University of Michigan Business School, Ann Arbor, Michigan, U.S.A. | en_US |
dc.contributor.affiliationother | Goizueta Business School, Emory University, Atlanta, Georgia, U.S.A. | en_US |
dc.contributor.affiliationother | W. P. Carey School of Business, Arizona State University, Tempe, Arizona, U.S.A. ; W. P. Carey School of Business, Arizona State University, Tempe, AZ, 85287-4006, U.S.A. | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/48681/1/474_ftp.pdf | en_US |
dc.identifier.doi | http://dx.doi.org/10.1002/smj.474 | en_US |
dc.identifier.source | Strategic Management Journal | en_US |
dc.owningcollname | Interdisciplinary and Peer-Reviewed |
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