My research lies at the intersection of strategy and organization theory.
I conceptualize organizations as collective problem solvers engaged in resource acquisition and resource allocation strategies. As open systems, organizations transact with primary stakeholders (e.g., investors, clients, members, regulators) to acquire the key resources they need to operate and survive. Organizations accumulate and allocate resources according to strategies embedded in dominant logics of action (e.g., profession, market).
Operating in complex environments, modern organizations face multiple stakeholders with different, sometimes conflicting, expectations. They have to achieve their core mission (e.g., designing and making cutting hedge products), while meeting financial investor’s expectations, respecting environmental laws, and following socially responsible activists’ prescriptions. In this context context, top management teams face critical resource acquisition decisions; e.g., should we accept private equity money or public sponsorship? How will that affect our strategy? They are also constantly confronted with resource allocation choices; e.g., Should we conform to the expectations of powerful stakeholders? How will this affect our ability to acquire more resources, grow and strive?
To address these questions, I study the interplay between resource acquisition and resource allocation strategies:
a) How do the resources acquired from various stakeholders, such as financial investors or public agencies, affect how organizations behave and are evaluated?
b) How does the conformity of organizational strategies to external expectations affect the acquisition of key resources?
My work tends to be empirical and quantitative, and involve the econometrical analysis of large-scale datasets. For instance, my main line of work builds on an original dataset—compiled from archival sources—including the exhaustive population of film-specialized investment funds and production firms, and on more than 300,000 film production contracts, complemented with qualitative evidence.
With my co-authors, I explore the effects of resource acquisition (a) in the context of the film industry and in academia.
I use data on the film industry and religious organizations to investigate (b) how resource allocations and conformity behaviors affect organizations.
Overall, my research contributes to the understanding of the management of organizations by revealing the critical interplay between resource acquisition and resource allocation strategies in complex institutional environments.