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  • Phanish Puranam, Harbir Singh, Maurizio Zollo, Julian Birkinshaw, Ranjay Gulati, Philippe Haspeslagh +4 others
  • 2006
The management of technology acquisitions-acquisitions of small technology based firms by large established firms-poses an organizational paradox. Acquirers must integrate acquired firms in order to exploit their technologies in a coordinated manner; at the same time, they must preserve organizational autonomy for acquired firms in order to avoid disrupting(More)
  • Maurizio Zollo, Sidney G Winter, Ron Adner, Max Boisot, Tim Folta, Anna Grandori +5 others
The authors would like to acknowledge the support received from INSEAD's R&D department and the Reginald H. Jones Center of the Wharton School. We are also grateful for the many suggestions, comments and critiques generously offered and three anonymous reviewers Of course, we remain responsible for any remaining error and omissions. In its working paper(More)
  • Maurizio Zollo, Sidney Winter, Reginald H Jones Center, Sidney G Winter
  • 1999
This paper investigates the mechanisms through which organizations develop capabilities in a dynamic sense (Teece, Pisano & Shuen, 1997) and reflects upon the role of (1) experience accumulation, (2) knowledge articulation and (3) knowledge codification processes in creating and constantly reshaping organizational routines. The argument is made that dynamic(More)
This paper investigates the mechanisms through which organizations develop capabilities in a dynamic sense (Teece, Pisano & Shuen, 1997) and reflects upon the role of (1) experience accumulation, (2) knowledge articulation and (3) knowledge codification processes in creating and constantly reshaping organizational routines. The argument is made that dynamic(More)
Using a novel and comprehensive database on the performance of US and EU private equity (PE) funds and their underlying investments, we find that the performance of PE funds is comparable to public market performance. We show how sensitive this result is to various assumptions and thereby reconcile existing divergent estimates. We find evidence consistent(More)
Using a novel and comprehensive database on both US and EU private equity funds and their underlying investments, we study the drivers of private equity fund performance. First, we study whether their hedging properties are attractive enough to justify their low performance. We document that fund performance co-varies positively with both business cycles(More)