Managerial foresight and attempted rent appropriation: insider trading on knowledge of imminent breakthroughs

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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 http://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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