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ESSAYS ON THE ROLE OF UNOBSERVABLES IN CORPORATE STRATEGY

Nandialath, Anup Menon
http://rave.ohiolink.edu/etdc/view?acc_num=osu1250270664

Abstract Details

2009, Doctor of Philosophy, Ohio State University, Business Administration.
The Resource Based View suggests that firms that are most successful possess certain unique resources. This logic has been applied to a wide variety of strategic choices such as market entry and mergers & acquisitions among others. An implicit assumption is that such resources or the value from such resources are perfectly observed by all concerned. However, in reality resources are imperfectly observed. Through three essays, this dissertation develops models to study the role of imperfect observability on strategic choices. Theoretically it is shown that unobservability can lead to a counter intuitive position where firms that may indeed possess valuable resources fail to capture sustainable advantages. Similarly, it is shown that firms can consider using noisy signals to reduce the unobservability problem and thereby induce an outcome favorable to them. We demonstrate this in two settings. First, where potential target firms may use signals such as open market repurchases to attract more bidders and thus gain superior valuations. Second, we also examine the case where firms use market entry as a signal of their inherent strengths and thus may deter other potential entrants. The propositions from the theoretical models are also tested empirically. The structure imposed in the theoretical models present a difficult challenge from an empirical setting. This dissertation also develops an apt empirical model which takes into account the richness of the information structure embedded in the theoretical models.
Jaideep Anand (Committee Chair)
Jay Barney (Committee Member)
Douglas Schroeder (Committee Member)
135 p.
Management
RBV; Strategic Interaction; Unobservability; Strategy

Recommended Citations

Citations

  • Nandialath, A. M. (2009). ESSAYS ON THE ROLE OF UNOBSERVABLES IN CORPORATE STRATEGY [Doctoral dissertation, Ohio State University]. OhioLINK Electronic Theses and Dissertations Center. http://rave.ohiolink.edu/etdc/view?acc_num=osu1250270664

    APA Style (7th edition)

  • Nandialath, Anup Menon. ESSAYS ON THE ROLE OF UNOBSERVABLES IN CORPORATE STRATEGY. 2009. Ohio State University, Doctoral dissertation. OhioLINK Electronic Theses and Dissertations Center, http://rave.ohiolink.edu/etdc/view?acc_num=osu1250270664.

    MLA Style (8th edition)

  • Nandialath, Anup Menon. "ESSAYS ON THE ROLE OF UNOBSERVABLES IN CORPORATE STRATEGY." Doctoral dissertation, Ohio State University, 2009. http://rave.ohiolink.edu/etdc/view?acc_num=osu1250270664

    Chicago Manual of Style (17th edition)

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© 2009, all rights reserved.
This open access ETD is published by The Ohio State University and OhioLINK.