@inbook {1969896, title = {Organization Design, Organizational Learning, and the Market Value of the Firm}, year = {2006}, month = {2006}, pages = {125-142}, abstract = {We compare market returns associated with firms{\textquoteright} creation of new units focused on e-business. Two aspects of organization design - governance and leadership - are considered with regard to exploitation- and exploration-oriented organization learning. We find that exploitation in governance (high centralization) is associated with a lower mean and variance in returns; that exploitation in leadership (appointment of outsiders) is associated with the same mean yet higher variance; and, among units exhibiting both modes of learning, the variance of returns are not equal.}, keywords = {Management}, author = {Carroll,Tim and Hunter,S. D.} }