scholarly journals Intrinsic speed capabilities and alliance partner attractiveness

2021 ◽  
pp. 147612702110388
Author(s):  
Ashton Hawk ◽  
Jeffrey J Reuer ◽  
Andrew Garofolo
Keyword(s):  
Construction Projects ◽  
Empirical Support ◽  
Growth Options ◽  
Gas Industry ◽  
Investment Projects ◽  
Alliance Partner ◽  
Firm Innovativeness ◽  
Natural Gas Industry ◽  
Alliance Partners ◽  
Using Data

This study focuses on the role of intrinsic speed capabilities, which refer to the ability to execute investment projects faster than competitors, in the attractiveness and selection of alliance partners. We predict that intrinsically faster firms have a higher likelihood of being selected as alliance partners due to the potential of accelerating the realization of future revenue streams of an alliance project as well as of preempting slower competitors. We also expect that intrinsic speed capabilities substitute for deficiencies in alliance experience and firm innovativeness. Using data on construction projects in the global Liquefied Natural Gas industry, we find empirical support for our theoretical expectations. Our results suggest that firm speed plays an important role in alliance partner selection and has the potential to facilitate the generation of future growth options for firms due to greater partner attractiveness in the market for alliance partners.

scholarly journals The Impact of Firm Speed Capabilities on the Decision to Partner or Go It Alone

2021 ◽  
Author(s):  
Ashton Hawk ◽  
Jeffrey J. Reuer ◽  
Andrew Garofolo
Keyword(s):  
Natural Gas ◽  
Liquefied Natural Gas ◽  
Project Development ◽  
Gas Industry ◽  
Basic Premise ◽  
Investment Projects ◽  
Natural Gas Industry ◽  
Using Data ◽  
The Impact

This study empirically examines the role of intrinsic speed capabilities, which refer to the ability to execute investment projects faster than competitors, in shaping corporations’ choice of alliances versus autonomous project development. Our basic premise is that firms lacking intrinsic speed capabilities (i.e., slow firms) are more likely to turn to alliances to supplement their capability deficiency. However, we expect that the ability of slow firms to partner with fast firms hinges on the former’s possession of complementary supporting assets. Our empirical analyses furnish evidence supporting these ideas using data from the global liquefied natural gas industry.

scholarly journals External funding and emergent technology inputs

2020 ◽  
Vol 9 (5) ◽  
pp. 1-12
Author(s):  
Edward Levitas ◽  
M. Ann McFadyen
Keyword(s):  
New Technology ◽  
Open Market ◽  
External Funding ◽  
Publicly Traded ◽  
Emergent Technologies ◽  
Alliance Partner ◽  
Knowledge Based ◽  
Develop Theory ◽  
Alliance Partners ◽  
Using Data

The research and development (R&D) process is critical to a firm’s competitive advantage and often requires external funding.  Yet, we know little about how different types of investors respond to the cash needs of established R&D intensive firms nor about how external financial analysts influence those decisions.  We address these gaps by examining how a firm’s patenting activity affects its ability to raise cash.  We distinguish the motivations of two investor groups: open-market and alliance partners.  We focus on how patents based on emergent technologies impact two types of investors and their willingness to fund the R&D process.  We develop theory and test our hypotheses using data from publicly traded biopharmaceutical firms by drawing upon knowledge-based view, alliance, and investment theories.  We find evidence that patents built upon emergent technologies are viewed differently by the two types of investors.  We find open market investors were less likely to invest in emergent technologies and invested less when they did.  Conversely, alliance partner investors would be more appreciative of the opportunities new technology inputs present, thus, more likely to invest in firms using emergent technologies and invest more. 

scholarly journals Natural Gas Industry in Korea: Current Status and Outlook

1994 ◽  
Vol 9 (0) ◽  
pp. 133-152
Author(s):  
Jae Duck Yoon
Keyword(s):  
Natural Gas ◽  
Construction Projects ◽  
Energy Use ◽  
Current Status ◽  
Gas Industry ◽  
Natural Gas Industry ◽  
Policy Objectives ◽  
Gas Market ◽  
The Government ◽  
Facility Construction

Korea's natural gas industry has a relatively short history, but it has displayed a dynamic growth and this growth will continue in the foreseeable future. The use of natural gas has been promoted due to the government policy to diversify the energy source to lower dependency on oil and to regulate air pollution, combined with consumers' preference for high grade energy. The structural change in Korea's energy use and supply, brought about by the growth of natural gas market in Korea, is of main interest of this paper. Particular focus is given to the rapid increase in gas demand and Korea's nationwide gas supply plan according to which massive facility construction projects have been undertaken. The Korea Gas Corporation (Kogas) is currently conducting projects for expanding its existing facilities and for building new ones. These include: building more LNG storage tanks, constructing a new LNG receiving terminal, and extending pipelines to form a nationwide transmission network. Attention is paid also to the reform of gas pricing mechanism in Korea so that it would provide with appropriate means for achieving various policy objectives of the government.

Finding Fault with the Nexus Pipeline? Agency Capture and the Public Good

2017 ◽  
Vol 1 (1) ◽  
pp. 1-8
Author(s):  
Andrew R. Kear
Keyword(s):  
Natural Gas ◽  
Environmental Impact ◽  
Public Good ◽  
Health And Safety ◽  
Environmental Impact Statement ◽  
Gas Industry ◽  
The Public ◽  
Fracturing Process ◽  
Natural Gas Industry ◽  
Regulatory Commission

Natural gas is an increasingly vital U.S. energy source that is presently being tapped and transported across state and international boundaries. Controversy engulfs natural gas, from the hydraulic fracturing process used to liberate it from massive, gas-laden Appalachian shale deposits, to the permitting and construction of new interstate pipelines bringing it to markets. This case explores the controversy flowing from the proposed 256-mile-long interstate Nexus pipeline transecting northern Ohio, southeastern Michigan and terminating at the Dawn Hub in Ontario, Canada. As the lead agency regulating and permitting interstate pipelines, the Federal Energy Regulatory Commission is also tasked with mitigating environmental risks through the 1969 National Environmental Policy Act's Environmental Impact Statement process. Pipeline opponents assert that a captured federal agency ignores public and scientific input, inadequately addresses public health and safety risks, preempts local control, and wields eminent domain powers at the expense of landowners, cities, and everyone in the pipeline path. Proponents counter that pipelines are the safest means of transporting domestically abundant, cleaner burning, affordable gas to markets that will boost local and regional economies and serve the public good. Debates over what constitutes the public good are only one set in a long list of contentious issues including pipeline safety, proposed routes, property rights, public voice, and questions over the scientific and democratic validity of the Environmental Impact Statement process. The Nexus pipeline provides a sobering example that simple energy policy solutions and compromise are elusive—effectively fueling greater conflict as the natural gas industry booms.

Evolution of the U.S. Natural Gas Industry in Response to Changes in Transaction Costs

1998 ◽  
Vol 74 (3) ◽  
pp. 390 ◽  
Author(s):  
Carol A. Dahl ◽  
Thomas K. Matson
Keyword(s):  
Natural Gas ◽  
Transaction Costs ◽  
Gas Industry ◽  
Natural Gas Industry ◽  
The U.S

Research on Industrial Integration between Electricity Industry and Natural Gas Industry

2013 ◽  
Vol 448-453 ◽  
pp. 4304-4307
Author(s):  
Xiao Zhe Meng
Keyword(s):  
Natural Gas ◽  
Market Integration ◽  
Developed Countries ◽  
Electricity Industry ◽  
Gas Industry ◽  
Industry Regulation ◽  
Industrial Economy ◽  
National Competitiveness ◽  
Natural Gas Industry ◽  
Regulation Reform

Industrial integration is the trend of the modern industrial economy. It is the result of the enterprises from competition to cooperation. Industry boundaries become blurring. And industries begin to integrate. With technological innovation, business integration, market integration, as well as industry regulation reform, electricity industry and natural gas industry is towards integration. The barriers between electricity industry and natural gas industry has been eliminated through knowledge sharing, mergers and acquisitions, market reform and regulation reform in developed countries. The energy industry in China will also be integration to improve national competitiveness.

Analysis of the Application of Blockchain Technology in the Field of Supply Chain Finance in the Natural Gas Industry

2021 ◽  
Author(s):  
Jianping Zhang ◽  
Fuping Wang ◽  
Yongsong Pu ◽  
Pu Li ◽  
Yingkai Ma ◽  
...  
Keyword(s):  
Supply Chain ◽  
Natural Gas ◽  
Financial Services ◽  
Organizational Innovation ◽  
Gas Industry ◽  
Blockchain Technology ◽  
Supply Chain Finance ◽  
Natural Gas Industry ◽  
Financial Framework ◽  
Gas Supply

Abstract After China's supply chain finance business has gradually matured in the consumer finance field, it has begun to extend to the industrial finance field. As a branch of industrial finance, the natural gas industry supply chain finance business has gradually developed, and the number of participants has gradually increased. The article mainly introduces the development status of natural gas supply chain financial services in China. Research has found that there are still many problems in the current industry development, such as the inability of effective collaboration among participants, and the inability to unify logistics, information flow, capital flow and energy flow in the industry. On this basis, the article studies the methods of blockchain technology to solve corresponding problems, and proposes the application ideas of blockchain technology in the field of natural gas supply chain finance, hoping to promote development by constructing a business model business architecture and technical architecture, This model can produce significant economic and social benefits, has a high theoretical feasibility, but there is no concrete examples at present. Finally, suggestions are made in five aspects, including strengthening the design of top-level systems, incorporating energy flows into the supply chain financial framework system, creating an open innovation atmosphere, enhancing technological progress, strengthening core corporate social responsibility, and promoting core corporate organizational innovation.

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