Research Papers

Economics

Invest With Awareness: Lessons From the Construction Sector

Arce, Oscar; Campa Fernández, José Manuel; Gavilán, A.

How do different financing conditions affect investments, allocation of credit and output across sectors? IESE's José M. Campa, Óscar Arce, of the Bank of Spain, and Ángel Gavilán, of BBVA, explore financing conditions in the construction sector in a number of OECD countries during the decade prior to the 2007 financial crisis. Their findings present an interesting model, with salutary lessons for investors.

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Finance

Arbitration: A Better Option for Resolving International Conflicts

Sancho Gargallo, Carlos; Santomá Juncadella, Javier

If two companies from different countries with a contractual relationship have a conflict, it behooves them to go through an arbitrator rather than the national court system. According to IESE's Carlos Sancho and Javier Santomá, the procedure is faster, less expensive and ensures a greater degree of confidentiality than a lawsuit.

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Strategy

Choosing Between Acquisition or Joint Venture

Reuer, Jeffrey J.; Tong, Tony W.; Tyler, Beverly B.; Ariño Martín, Africa

Both international joint ventures (IJVs) and acquisitions facilitate the entry of companies into new markets and business domains. They also expose firms to significant risk. How do executives weigh decisions about which governance approach is best, particularly in emerging markets like China where information may be limited? A team of professors led a study to better understand how to make these strategic decisions.

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Strategy

Necessity as the Mother of "Green" Inventions

Berrone, Pascual; Fosfuri, Andrea; Gelabert, Liliana; Gómez-Mejía, Luis R.

The role of companies in tackling today's environmental challenges cannot be understated. Their ability to innovate and develop "green" strategies is of utmost importance to the global agenda. IESE's Pascual Berrone and an international team of professors explore the impact of regulatory and normative pressures on the emergence of solutions to reduce environmental harm.

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Strategy

How Best to Capture Value From Basic Research

Cassiman, Bruno; Veugelers, Reinhilde; Arts, Sam

As companies increasingly turn to outside partnerships for innovation, understanding how best to make use of them becomes paramount. A paper coauthored by IESE's Bruno Cassiman examines how firms use partnerships to capture value from basic research. Which research investments reap the best results, in terms of yielding quality ideas and then developing those ideas into some innovation?

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