PERSPECTIVE: Ranking the Technology Innovation Management Journals*

A citation analysis of the 10 leading technology and innovation management (TIM) specialty journals is conducted to gain insights into the relative ranking of the journals. The journals are ranked based on number of citations, citations adjusted for publication frequency, citations corrected for age, citations corrected for self‐citation, and an overall score. The top 50 journals in management of technology based on citation analysis are listed. Overall, the top 10 journals based on citation analysis are Journal of Product Innovation Management, Research Policy, Research‐Technology Management, Harvard Business Review, Strategic Management Journal, Management Science, Administrative Science Quarterly, R&D Management, IEEE Transactions on Engineering Management, and Academy of Management Review. The top 10 specialty journals in the technology innovation management specialty are Journal of Product Innovation Management, Research Policy, Research‐Technology Management, R&D Management, IEEE Transactions on Engineering Management, Technological Forecasting and Social Change, International Journal of Technology Management, Technovation, Technology Analysis & Strategic Management, and Journal of Engineering and Technology Management. It is found that many of the TIM journals, although focused on TIM, have additional foci based on traditional management disciplines. Each of the 10 leading TIM specialty journals is considered from the perspective of traditional management disciplines; how the journals relate to each other and the related implications of these findings are considered.     

Book reviews

Books reviewed:
A. Ganguly, Business Driven Research & Development: Managing Knowledge to Create Wealth
PA Consulting Group, Going for Growth: Realising the Value of Innovation
K. Brockoff, A. K. Chakrabarti and J. Hauschildt, The Dynamics of Innovation: Strategic and Managerial Implications
Shulin Gu, China's Industrial Technology – Market Reform and Organizational Change: VNU/INTECH Studies in New Technology and Development
L. Kim, Learning and Innovation in Economic Development
R. Oakey, W. During and S.‐M. Mukhtar, New Technology‐Based Firms in the 1990s Vol. VI
T. Rickards, Creativity and the Management of Change
R. W. Rycroft and D. E. Kash, The Complexity Challenge. Technological Innovation for the 21st Century
D. Leonard and W. Swap, When Sparks Fly
H. Grupp, Foundations of the Economics of Innovation: Theory, Measurement and Practice     

Japanese horizontal keiretsu and the performance implications of membership

Our study investigates the effect of Japanese horizontal keiretsu group membership on firm risk and return. Like prior studies, our results show that horizontal keiretsu membership has a negative effect on firm profitability. However, we find that horizontal keiretsu networks are likely to increase the gap between targeted and realized returns, which we call the outcome–aspiration gap. Moreover, in contrast to prior studies, our results indicate that keiretsu membership does not enable member firms to reduce risks by smoothing profitability. Instead, our findings provide evidence that is counter to the conventional notion that Japanese horizontal keiretsu allows their member firms to trade off profits for reduced risk.

Book reviews

Books reviewed:
Philip Bromiley, The Behavioral Foundations of Strategic Management
Jan Verloop, Insight in Innovation: Managing Innovation by Understanding the Laws of Innovation
Richard A. Bettis, Strategic Management Society Book Series: Strategy in Transition
S.W. Floyd, J. Roos, C.D. Jacobs and F.W. Kellermans, Innovating Strategy Process     

Change and continuity in Japanese corporate governance

Previous studies on Japanese corporate governance were largely based on the agency theory framework, and can be seen as attempts to understand the unique monitoring mechanisms in the Japanese context. This paper briefly reviews prior research and then discusses the recent changes in the environment that have been affecting Japanese corporate governance. Our central argument is that there is both change and continuity in Japanese Corporate Governance. We also present emerging research from an institutional theory perspective. In this line of research, corporate governance is treated as part of a nation’s institutional framework and hence, researchers need to understand unique institutional arrangements that affect corporate governance practices and their change or continuity.

Book reviews

Books reviewed:
Michael A. Hitt, Raphael Amit, Charles E. Lucier and Robert D. Nixon, Creating Value – Winners in the New Business Environment
Michael A. Hitt, R. Edward Freeman and Jeffrey S Harrison (eds.), The Blackwell Handbook of Strategic Management
OECD Proceedings, Innovative Networks - Cooperation in National Innovation Systems
Robert C. Scharff and Val Dusek (eds.), Philosophy of Technology. The Technological Condition: an Anthology     

Real options and MNE strategies in Asia Pacific

Asia Pacific offers a lot of promising growth opportunities, but it also presents high levels of uncertainty for multinational enterprises (MNEs). In this paper, we introduce real options theory as a theory of investment under uncertainty, and we discuss its implications for MNEs and their strategies with a focus on the emerging economies in Asia Pacific. We suggest that MNEs must recognize the various sources of uncertainty, as well as the various options embedded in their investments, and real options theory can help them structure and design their investments to benefit from uncertainty. In particular, MNEs need to develop the dynamic capabilities of managing real options in their investments to respond to the evolving economic and institutional environment in the region. This paper also provides several implications for policy makers in Asia Pacific to stimulate investment activities in the region and to help their firms venture successfully in the international market place.

Book Reviews

Book reviewed in this article
Technology and the Labour Process
Under New Management: Australian Organisations in Transition
Technological Development and the Improvement of Living and Working Conditions: Options for the Future
Information Technology in European Services: Towards a Microelectronic Future
Skills, Wages and Productivity in the Service Sector
The Spatial Context of Technological Development
The Technical Challenges and Opportunities of a United Europe
Technology and the Pursuit of Economic Growth
New Explorations in the Economics of Technological Change
R&D Management: Managing Products and New Processes (2nd edition)
The Employment Impact of New Technology
The Strategic Management of Technological Innovation
New Firms in the Biotechnology Industry: Their Contribution to Innovation and Growth     

Opportunities and challenges for academic returnees in China

A growing number of Western-educated management PhD graduates are starting their academic career in Chinese business schools. While opportunities are abundant for these returnees, they also face the choice between developing internationally transferable assets and building locally embedded competences. Some possible solutions are discussed, at both personal and institutional levels.

Erratum: Multipoint competition,strategic similarity and entry into geographic markets L. Fuentelsaz,J. Gómez. Strategic Management Journal, 2006; 27; 477–499

The original article to which this Erratum refers was published in Strategic Management Journal Vol. 27, No. 5, pp 477–499, 2006. DOI: 10.1002/smj.529 A paragraph in Spanish on page 481 of the Strategic Management Journal Vol. 27, No. 5, pp 477‐499, 2006, DOI: 10.1002/smj529 was incorrectly included. The publisher apologises for this error.     

The regional character of Asian multinational enterprises

In recent issues of this Journal a debate has raged concerning the appropriate nature of academic research in the Asia Pacific region. While we support the desire for both rigor and regional relevance in this research, we wish to demonstrate a strong commonality between the performance of large Asian firms and others from Europe and North America. This prompts us to question the need for a new theory of the MNE based on the experience of Asian firms. Like their counterparts elsewhere, the large Asian firms mostly operate on an intra-regional basis. While in the literature it has been assumed that the path to success for Asian firms is globalization, we show that the data supporting this is confined to a handful of unrepresentative case studies. We also present a bibliometric analysis which shows an overwhelming case study sample selection bias in academic studies towards this small number of unrepresentative cases.

Varieties of export-oriented entrepreneurship in Asia

This paper explores differences in the proportion of export-oriented early-stage entrepreneurial activity in 12 Asian countries. Drawing on varieties of capitalism theory, we find that Asian countries with high quality institutions are more likely to have higher proportions of young export-oriented firms. However, analysis on a 51 country data set indicates that Asian countries have significantly fewer young export-oriented firms than do non-Asian countries. Furthermore, the multi-country study reveals that countries with higher proportions of export-oriented entrepreneurial activity tend to have flexible industrial relations, high quality vocational training, and confrontational labor–employer relations, however the proportion of export-oriented new ventures is not related to the quality of corporate governance and inter-firm relations.

Conference Reports

K. D. KILBURN
Report of a Conference jointly organised by the R&D Research Unit of Manchester Business School, the journal R&D Management, and RADMA, in Manchester, 8–11 July, 1986.     

Book Reviews

Environmental Impact Assessment T. O'Riordan and R. Hey
The Political Economy of Science The Radicalisation of Science H. Rose and S. Rose
Technological Substitution: Forecasting Techniques and Applications H. A. Linstone and Devendra Sahal
Forecasting for Business-methods and applications D. Wood and R. Fildes
Business Strategies for Survival—planning for social and political change W. K. Purdie and B. Taylor
Modelling as an Aid to R & D Project Selection
R & D Management Bibliography- 1976     

Competitive dynamics research: An insider’s odyssey

This paper introduces competitive dynamics research, a body of work that has emerged in the strategic management field over the last two decades. I will focus on my scholarly pursuit—both the substance and the process—during the early years of my faculty career. I will use my twelve core publications written during this period to outline the entire research program, highlight the makeup of each of the four sub-streams of the program, and show how these streams are linked. I will also share my personal learning in the process of building this research program. The paper aims to convey some firsthand experience for researchers and scholars, especially those starting in their careers and international scholars who are interested in publishing in major U.S.-based journals, so they can construct their own research programs and cope with the manifold process challenges in research and publishing.

Venture capital in China: Past,present, and future

This article reviews the literature on venture capital in China and examines where China’s venture capital industry has been and where it is likely to go in the future. Since the 1980s, venture capital in China has grown steadily alongside the robust national economy. The future is likely to offer even greater opportunities, as entrepreneurs are encouraged and property rights improve. However, there will also be a period of transition as the market continues to mature and as new legal structures and commercial arrangements emerge. Venture capital in China has many interesting differences from that in Western countries. The venture capital industry is shaped by the institutional context and China is no exception to this. This article also examines some specific differences between the system in China and that of the United States. Future prospects for venture capital are also appraised as China continues its transition to a market economy.

Erratum: correction to “technological capability,strategic flexibility,and product innovation” (K. Zheng Zhou,and F. Wu)

The original article to which this Erratum refers was published in Strategic Management Journal Vol. 31, No. 5 (May 2010) Originally published in Strategic Management Journal, Volume 31, Number 5 (May 2010). Copyright © 2010 John Wiley & Sons, Ltd.     

Erratum: correction to “Family Ownership and Acquisition Behavior in Publicly‐Traded Companies” (D. Miller,I. Le Breton‐Miller and R. H. Lester)

The original article to which this Erratum refers was published in Strategic Management Journal Vol. 31, No. 2 (February 2010) Originally published in Strategic Management Journal, Volume 31, Number 2 (February 2010). Copyright © 2010 John Wiley & Sons, Ltd.     

Organizational slack and firm performance during economic transitions: two studies from an emerging economy. Justin Tan and Mike W. Peng. Strategic Management Journal 24(13) 2003, 1249–1263

The original article to which this erratum refers was published in Strategic Management Journal 24 (13): 1249–1263 (2003).     

Book Reviews

Book reviewed in this article:
Trade Union Growth, Structure and Policy, A Comparative Study of the Cotton Unions by H. A. Turner
The Executive: Autocrat, Bureaucrat, Democrat by Eugene E. Jennings
The Fundamentals of Management by W. S. Barry
Management, Men and Values by Abram T. Collier
The Management Process: An Integrated Functional Approach by William McNair Fox. Richard D. Irwin
Collective Bargaining versus Government Regulation: India and U.S.A. by A.V. Raman Rao
The Industrial Relations System of Pakistan by M. Ali Raza
Psychology in Administration: A Research Orientation by Timothy W. Costello and Sheldon S. Zalkind (ed.)
Workers, Factories, and Social Change in India by Richard D. Lambert
The Limits of Business Administration and Responsibility by G. Prys Williams
Democratic Values and the Rights of Management by E. Ginzberg and H. Berman
Models of Markets by Alfred R. Oxenfeldt (ed.)
Unified Operations Management by Arnold O. Putnam, E. Robert Barlow, and Gabriel N. Stilian
British Wage Councils by F. J. Bayliss
Managerial Problems in Public Enterprise by A. H. Hanson
An Investment in People.