Valuing Internal vs. External Knowledge: Explaining the Preference for Outsiders
Abstract
This paper compares how managers value knowledge from internal and external sources. Although many theories account for favoritism toward insiders, we find that preferences for knowledge obtained from outsiders are also prevalent. Two complementary case studies and survey data from managers demonstrate the phenomenon of valuing external knowledge more highly than internal knowledge and reveal some mechanisms through which this process occurs. We...
Paper Details
Title
Valuing Internal vs. External Knowledge: Explaining the Preference for Outsiders
Published Date
Jan 1, 2003
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