The incumbent discount: Stock market categories and response to radical technological change

By Mary J. Benner. 2007

161 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Management Science and Operations Research, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/1e0fbb9abbff3abc9e28a9ed9d69f74222879416

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Citations in the corpus

The Family Innovator's Dilemma: How Family Influence Affects the Adoption of Discontinuous Technologies by Incumbent Firms (2013, background): “…paints a more positive picture by noting that, in this context, stamina can pan out, since incumbent firms are prone to abandon discontinuous technologies too early in response to pressure from investors (Benner, 2007; Christensen, 1997) and organizational members (Hannan & Freeman, 1984).”
Analyzing Analyst Research: A Review of Past Coverage and Recommendations for Future Research (2018, methodology): “Similarly, Benner’s (2010) qualitative study on technological adoption in the advent of radical technological change suggests that analysts are biased toward status quo–preserving technological investments. When studying the transition to digital technology in the photography industry and the transi”
Strategic management of business model transformation: lessons from Nokia (2011, background): “Due to our interest to understand the evolution of a multi-unit firm, we focus our attention to both levels.”
Managing technological change in the digital age: the role of architectural frames (2014, background): “In view of recent literature (e.g., Benner, 2007, 2010; Lucas and Goh, 2009), one would think that ﬁ rms in long-established industries respond to digital technology by slowly incorporating it within the dominant design.”
Motivation and Ability? A Behavioral Perspective on the Pursuit of Radical Invention in Multi-Technology Incumbents (2017, unknown): “…in adapting to radical inventions by others, such as complementary assets (Rothaermel, 2001; Rothaermel & Hill, 2005; Sosa, 2009, 2011; Taylor & Helfat, 2009; Tripsas, 1997), cognition (Eggers & Kaplan, 2009; Kaplan, 2008; Nadkarni & Barr, 2008), and external stakeholders (Benner, 2007, 2010).”
Technology Push and Demand Pull Perspectives in Innovation Studies: Current Findings and Future Research Directions (2012, background): “Recently, also institutional explanations for incumbent inertia have also been advanced, according to which pressures from financial markets during periods of radical change may impede incumbents from responding to change (Benner, 2007).”
CEO Narcissism, Audience Engagement, and Organizational Adoption of Technological Discontinuities (2013, background): “Just as a high-wire performer elicits more ‘‘oohs and aahs’’ from the crowd when he starts his walk than when he finishes it, so too can a CEO garner note—even if not immediate investor approval, as Benner (2010) showed—from taking actions that are widely seen as bold or challenging.”
Technology, Identity, and Inertia Through the Lens of "The Digital Photography Company" (2009, background): “Converging on the Flash Memory Media Company (2005–2006) Once a ﬁrm establishes a particular identity with the ﬁnancial community, institutional pressures to conform to that identity become strong (Benner 2007, Porac et al. 1999, Zuckerman 1999).”
Ambidexterity as a dynamic capability: Resolving the innovator's dilemma (2008, background): “Insofar as a reconfiguration represents a break from the organization’s past, these shifts may also be associated with an identity shift for the firm’s stakeholders (e.g., Benner, 2007; Albert & Whetten, 1985).”
The Impact of Corporate Social Responsibility on Investment Recommendations: Analysts’ Perceptions and Shifting Institutional Logics (2015, background): “Third, our article is linked to the recent literature in strategy that explores analysts’ reactions as firms respond to radical technological change as well as how these reactions affect firms’ subsequent responses (Benner, 2007, 2010; Benner & Ranganathan, 2012).”
The Role of Dynamic Capabilities in Responding to Digital Disruption: A Factor-Based Study of the Newspaper Industry (2015, background): “The literature has also explored the reasons for incumbents’ reluctant or ineffective responses to such radical technological innovations [13, 14, 61].”
THE IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON INVESTMENT RECOMMENDATIONS. (2010, background): “Third, our article is linked to the recent literature in strategy that explores analysts’ reactions as firms respond to radical technological change as well as how these reactions affect firms’ subsequent responses (Benner, 2007, 2010; Benner & Ranganathan, 2012).”
Innovation ecosystems and the pace of substitution: Re‐examining technology S‐curves (2016, background): “Christensen (1997) observed that substitution can take place even when the new technology is inferior to the old, arguing that if consumers are over-served along the main performance dimension they may switch to the new technology if it offers superior performance on new dimensions.”
Incumbent Adaptation to Technological Change: The Past, Present, and Future of Research on Heterogeneous Incumbent Response (2018, unknown): “Stakeholders, such as security analysts react more positively to incumbent strategies that build and extend their technologies, whereas analysts largely ignore incumbent strategies that bring in new technologies (Benner, 2007, 2010).”
A Dynamic Network Measure of Technological Change (2017, background): “The CDt and mCDt indexes may also be useful for understanding industry evolution and its implications for firms (Nelson and Winter 1982; Tushman and Anderson 1986; Benner 2007; Sosa 2009, 2011).”
Quantifying the Long-Term Impact of Negative Word of Mouth on Cash Flows and Stock Prices (2009, background): “This adds more empirical evidence for stock market’s feedback effects reported in the extant literature (Benner 2007, Markovitch et al. 2005, Rappaport 1987).”