Knowledge disclosure as a weapon in technological change battles: straight shot or backfire?

• Main Author: Cortezi, Fernando
• Other Authors: Caldieraro, Fabio
• Language: English
• Published: 2015
• Subjects: Strategy; Technological change; Innovation; Institutions; Disclosure; Financial Market; Administração de empresas; Gestão do conhecimento; Desenvolvimento organizacional - Efeito de inovações tecnológicas; Planejamento estratégico
• Online Access: http://hdl.handle.net/10438/14184

Submitted by Fernando Cortezi ([e-mail]) on 2015-10-28T16:26:42Z No. of bitstreams: 1 Dissertação - versão biblioteca.pdf: 2613902 bytes, checksum: 76249e731474e447a601ddc948668529 (MD5) === Approved for entry into archive by ÁUREA CORRÊA DA FONSECA CORRÊA DA FONSECA ([e-mail]) on 2015-10-29T18:06:58Z (GMT) No. of bitstreams: 1 Dissertação - versão biblioteca.pdf: 2613902 bytes, checksum: 76249e731474e447a601ddc948668529 (MD5) === Approved for entry into archive by Marcia Bacha ([e-mail]) on 2015-10-30T11:03:25Z (GMT) No. of bitstreams: 1 Dissertação - versão biblioteca.pdf: 2613902 bytes, checksum: 76249e731474e447a601ddc948668529 (MD5) === Made available in DSpace on 2015-10-30T11:03:50Z (GMT). No. of bitstreams: 1 Dissertação - versão biblioteca.pdf: 2613902 bytes, checksum: 76249e731474e447a601ddc948668529 (MD5) Previous issue date: 2015-09-29 === This work aims at evaluating how effective is knowledge disclosure in attenuating institutional negative reactions caused by uncertainties brought by firms’ new strategies that respond to novel technologies. The empirical setting is from an era of technological ferment, the period of the introduction of the voice over internet protocol (VoIP) in the USA in the early 2000’s. This technology led to the convergence of the wireline telecommunications and cable television industries. The Institutional Brokers’ Estimate System (also known as the I/B/E/S system) was used to capture reactions of securities analysts, a revealed important source of institutional pressure on firms’ strategies. For assessing knowledge disclosure, a coding technique and a established content analysis framework were used to quantitatively measure the non-numerical and unstructured data of transcripts of business events occurred at that time. Eventually, several binary response models were tested in order to assess the effect of knowledge disclosure on the probability of institutional positive reactions. The findings are that the odds of favorable institutional reactions increase when a specific kind of knowledge is disclosed. It can be concluded that knowledge disclosure can be considered as a weapon in technological changes situations, attenuating adverse institutional reactions to the companies’ strategies in environments of technological changes.