%0 Book Section
%D 2006
%T Organization Design, Organizational Learning, and the Market Value of the Firm
%A Carroll,Tim
%A Hunter,S. D.
%K Management
%X We compare market returns associated with firms’ 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 <i>not</i> equal.
%P 125-142
%8 2006
%G eng
%2 d
%4 222970730496
%$ 222970730496