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003 | OSt | ||
005 | 20190211154430.0 | ||
008 | 021114s2002 xx ||||gr |0|| 0 eng d | ||
100 | 1 |
_aUZZI, Brian _910853 |
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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 |
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650 | 4 |
_aInstituição de Crédito _915710 |
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650 | 4 |
_aRelações de Trabalho _912947 |
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700 | 1 |
_aGILLESPIE, James J _917489 |
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773 | 0 | 8 |
_tStrategic Management Journal _g23, 7, p. 595-618 _d, 2002 _w |
942 | _cS | ||
998 |
_a20021114 _bLucima _cLucimara |
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998 |
_a20101221 _b1520^b _cKeicielle |
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999 |
_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c8464 _d8464 |
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041 | _aeng |