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• • The order of authorship on this paper is random and contributions were equal. We would like to thank Ron Burt, Jim March and Mike Tushman for many helpful suggestions. Olav Sorenson provided particularly extensive comments on this paper. We would like to acknowledge the financial support of the University of Chicago, Graduate School of Business and a(More)
helpful ideas and comments on early drafts. We are indebted to Mike Hannan and Jim Baron for their role in the Stanford Project on Emerging Companies. Stephanie Woerner provided assistance of many types. Finally, we thank Thomas Hellmann and Manju Puri for sharing their financing data. Abstract We examine how the social structure of existing organizations(More)
Conventional wisdom suggests that when institutional logics overlap , the production of hybrids signifies collapse, blending, or easy coexistence. The author provides an alternative interpretation: hybrids can maintain a distinctive boundary and can emerge from contestation, not coexistence. This alternative interpretation is grounded in an analysis of a(More)
All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission, provided that full credit including © notice is given to the source. Chicago business schools for guidance and feedback. We take full responsibility for remaining errors. Abstract We provide a framework for reconciling two seemingly(More)
We argue that the stock of prior alliances between participants in the biotechnology sector forms a network that serves as a governance mechanism in in-terfirm transactions. To test how this network substitutes for other governance mechanisms, we examine how equity participation and pledged funding in strategic alliances vary with two features of the way(More)
Working papers are in draft form. This working paper is distributed for purposes of comment and discussion only. It may not be reproduced without permission of the copyright holder. Copies of working papers are available from the author. We examine whether the likelihood of entrepreneurial activity is related to the prior career experiences of an(More)
hat accounts for differences in job tenure? Turnover and mobility, by providing differential opportunities for advancement and individual attainment, are key mechanisms for understanding occupational segregation, social stratification, and internal labor markets that have long interested sociologists (Baron and Over decades of inquiry, scholars have(More)