000 02222naa a2200229uu 4500
001 8318
003 OSt
005 20190211154430.0
008 021114s2002 xx ||||gr |0|| 0 eng d
100 1 _aUZZI, Brian
_910853
245 1 0 _aKnowledge spillover in corporate financing networks :
_bembeddedness and the firm's debt performance
260 _c2002
520 3 _aBuilding on social embeddedness theory, we examine how the comptencies and resources of one corporate actor in a network are transferred to another actor that uses them to enhance transactions with a third actor - a strategic process we dub `network transitivity'. Focusing on the properties of networktransitivity in the context of small-firm corporate finance, we consider how embedded relations between a firm and its banks facilitate the firm's access to distinctive capabilities that enable it to strategically manage its trade-credit financing relationships. We apply theory and original case-study fiedwork to explore the types of resources and competencies available through bank-firm relationships and to derive hypotheses about how embedded bank-firm relatioships affect the strategy of small-to medium-sized firms. Using a separate large-scale data set, we then test the generalizability of our hypotheses. Our qualitative analyses show that embedded bank-firm tie provide special governance arrangements that facilitate the firm's access to bank-centered informational and capital resources, which uniquely enhance the firm's ability to manage trade credit. Consistent with our arguments, our statistical analyses show that small-to medium-sized firms with embedded ties to their bankers were more likely to take lucrative early-payment penalties than were similar firms that lacked embedded ties-suggesting that social embeddedness beneficially affects the financial peformance of the firm
650 4 _aAdministração de Empresas
_912759
650 4 _aInstituição de Crédito
_915710
650 4 _aRelações de Trabalho
_912947
700 1 _aGILLESPIE, James J
_917489
773 0 8 _tStrategic Management Journal
_g23, 7, p. 595-618
_d, 2002
_w
942 _cS
998 _a20021114
_bLucima
_cLucimara
998 _a20101221
_b1520^b
_cKeicielle
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c8464
_d8464
041 _aeng