Getting beyond relatedness as a driver of corporate value
研究企业资源重新部署到新产品市场如何影响企业价值，重点关注回报优势（诱因）的作用，并通过模拟模型揭示诱因各维度间的相互依赖及其对相关性与企业价值关系的调节效应。
Our paper scrutinizes how corporate value derives from redeployability of firms' resources to new product markets. We focus on the underexplored determinant of redeployability, inducements, defined as advantages in returns in new over existing markets. We assemble separate dimensions of inducements from research on corporate diversification and real options and consider inducements in their entirety. A simulation model casts redeployability as a real option to switch the use of resources across markets and explicates important interdependences among the dimensions of inducements. The model also demonstrates that inducements modify the effect of relatedness on corporate value. Our theoretical arguments amend existing theory and have important implications for corporate diversification research . Copyright © 2014 John Wiley & Sons, Ltd.