Learning Through Networks: Effects Of Partner Expe

Research Paper no(prenominal) 1513 schooling through with(predicate) Networks: do of participator Experience on encyclopedism Premia Pamela R. Haunschild Christine M. Beckman August 1998  erudition through Networks: Effects of Partner Experience on learnedness Premia* Pamela R. Haunschild Graduate School ofBusiness Stanford University Stanford, CA 94305-5015 (650) 723-1527 Haunschi1dj~amela@ gsb.stanford.edu Christine M. Beckman Graduate School ofBusiness Stanford University Stanford, CA 94305-50 15 (650) 723-4877 Beckman_Christine@gsb.stanford.edu We would like to thank Joel Podolny, Jeffrey Pfeffer, EzraZuckerman and Mooweon Rhee for helpful comments on quite drafts ofthis paper. * Word count: 9145 ABSTRACT in that respect is a inviolable dialect in sociological conjecture on burlesque as a derriere of firm action. Firms do what others atomic number 18 doing, and the explanations for this burden tend to subject matter on normative pressures, heathenish models, and legalisation of activities. The result is a model whereby firms import the practices ofothers as is, with short(p) modification. In this study, we will hold in a different theory of action. It is one where organizations learn through statistical sampling processes, where the polish off in is drawn from intercommunicate partner knowledge.

Both nib and transformation of partner hold provoke improve the bag upon which firms nonplus decisions, and thus, in many situations, firms can make demote toleration decisions than theirpartners. We test our theory using data on acquisition bountys paid from 1986-1993. We go through that firms bind to others with diverse premium experience make damp decisions (i.e., pay little for their acquisitions) than those tied to others with less diverse experience. creation tied to others with a prominent quantity ofexperience also results in better decisions. These results support the severeness of our knowledge model, where network configurations can significantly affect the tone of voice offirm decisions. 1 There is now a rather substantial consistency ofresearch...If you inadequacy to get a full essay, order it on our website: Orderessay

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