1,721,030 research outputs found
Exogenous shocks and interfirm collaboration: an empirical investigation of the global airline industry
No full textOver the past decades, alliances have become one of the preferred modes of growth in a variety of industries. Their popularity can be ascribed to their lower costs and effort required compared to organic growth, and to the lower complexity and capital requirements compared to mergers and acquisitions. In the airline industry, alliances have become the preferred mode of expansion given that strict regulatory rules often prevent cross-border mergers and acquisitions. The most widespread form of bilateral cooperation between airlines is code-sharing which allows carriers to expand their route networks, optimizing the use of resources and fleets, while providing benefits to their customers such as access to more destinations and easier airport connections. While the reasons behind alliance formation are well understood, less is known about how alliances evolve. This book addresses this important topic for both alliance managers and scholars interested in alliances by focusing on a central yet understudied driver of alliance evolution, namely exogenous shocks. Using a network perspective, this book predicts and finds that the September 11, 2001 terrorist attacks are an important triggering event for alliance evolution in the airline industry
How do non-technological shocks affect interfirm collaboration?
Full text linkShocks generate high uncertainty creating the need for firms to search for solutions to cope with the changed business landscape. One such response is the creation of new partnerships. Yet, do all shocks affect the interorganizational responses that follow equally? This article proposes that distinguishing between technological and non-technological shocks can be a useful lens to look at how interfirm collaboration changes in the face of a shock. Using the September 11, 2001 terrorist attacks as an illustrative example of non-technological shock, the authors describe how it affected collaboration in the air transport industry.info:eu-repo/semantics/publishedVersio
The impact of international diversification, environmental jolts, and alliance portfolios on firm performance
No full textWe investigate the impact of environmental jolts and alliance portfolios on the relationship between geographic scope and firm performance in the global airline industry from 1998 to 2006. While core international business theory argues for a positive relationship between firm performance and its degree of internationalisation, empirical results have been somehow mixed. We argue for a positive linear relationship between geographic scope and firm performance in times of relative tranquillity suggesting that environmental jolts and alliance portfolios moderate this relationship. Environmental jolts and alliance portfolios are expected to respectively reduce and increase the positive effect of geographic scope on performance. However, firms with a considerable alliance portfolio will mitigate the negative effects of environmental jolts on the geographic scope-performance relationship
Origins and evolution of alliance constellations
No full textIn this study, we explore the evolutionary process of alliance constellations using an inductive approach. Drawing on the Star Alliance constellation in the global airline industry as an example, we visualize the development of alliance constellations overtime. We find that Star Alliance has been the most aggressive constellation among the existing three as it expands both the quantity and quality of its member airlines. In addition, we find that Star Alliance is also the most binding alliance constellation in a sense that it gives very limited opportunity for members to forge alliances outside of the constellation. Our findings have important implications for theory building on resource-based view and transaction cost theory
New evidence fot the late glacial and holocene climatic changes in the lake region (Ethiopia)
No full textNetwork pathways of peripheral firm entry: Empirical evidence from the global airline industry
Full text linkPrevious research on interfirm collaboration indicates that networks tend to be structurally stable due to path dependence and embedded firms' incentives to preserve their positional advantages. As a result, industry networks often resemble a core-periphery structure where peripheral firms seem to have little or no opportunity to access the core. Yet, under certain conditions, peripheral firms do manage to cross over to the industry center. In this paper, we examine one such condition: a sudden and unexpected change in the external environment. More specifically, we examine the relationship between the occurrence of an industry-level disruptive event and the dynamics of tie formation/dissolution facilitating or inhibiting peripheral firms' progress toward the center of the industry network. We substantiate our investigation by using longitudinal data on the alliance activities of 258 airlines and applying Stochastic Actor-Oriented Models (SAOM). We integrate our statistical analysis with interview material and descriptive network analysis. The findings reveal a variety of patterns of network entry, contributing novel insights to theories on network dynamics, innovation, as well as policy and practice
Translational mechanisms in business model design: introducing the continuous validation framework
Full text linkPurpose: This paper aims at proposing knowledge translation as an element of business model design that can support entrepreneurs in achieving alignment and collaboration between entrepreneurial teams and external stakeholders. Design/methodology/approach: The conceptual model presented in the paper is developed from the literature review and draws mainly on two streams of work as follows: first, the contributions related to the lean start-up methodology initially developed by Blank and Ries and second, the work of Osterwalder and Pigneur on business models and its subsequent developments. In addition, we draw on key insights from the entrepreneurship and organizational learning literature, such as discovery-driven planning and disciplined entrepreneurship. Findings: The continuous validation framework (CVF) is introduced, posing the attention on underlining knowledge-translation mechanisms to decode complex concepts related to new venture creation. Originality/value: The authors propose a new framework (the CVF) as an effective translational tool because it is a visual diagram that allows entrepreneurs to translate complex and technical ideas into a format that is more understandable for external audiences. Additionally, for each step of the CVF, specific translational mechanisms are defined and discussed, as each stage of the CVF presents specific translational challenges that result in outcomes that differ from stage to stage
Joint impact of airline market structure and airport ownership on airport market power and profit margin
No full textThis paper investigates the joint impacts of downstream airline market structure, airport ownership structure, concession services, and low-cost carrier (LCC) presence on airport market power and profit margin. Lerner indexes for a sample of 61 major airports around the world were calculated for the period 2008–2014. Then, regression analysis was conducted to identify the determinants of the airport Lerner index. We find that a more concentrated downstream airline market would reduce the profit margin for a public airport but increase the profit margin for a private airport. A higher share of concession service is found to decrease the airport's overall profit margin (accounting for both aeronautical and concession services). Airports with significant LCC presence have a lower profit margin. Finally, the concentration in airline market is found to have a larger negative impact on airport aeronautical price than on the concession price
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