Theses and Dissertations - Department of Management
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Browsing Theses and Dissertations - Department of Management by Author "Armstrong, Craig E."
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Item Dynamic capabilities “now we see them” in the airline industry(University of Alabama Libraries, 2016) Jifri, Ali; Marino, Louis D.; University of Alabama TuscaloosaThe study of dynamic capabilities is one of the dominant research streams in strategic management. This dissertation contributes to the dynamic capabilities literature by theorizing and testing key questions regarding the relationship between dynamic capabilities and firm performance. Specific questions to be resolved include: 1) how does the performance of dynamic capabilities affect how firms adapt and co-evolve with the environment, 2) what is the interplay of two different kinds of dynamic capabilities operating simultaneously in the same context, and 3) what role does environmental dynamism and munificence play in the relationship between capability development and fitness in asset intensive industries. These questions are examined in the context of the airline industry where I identify two main capabilities that act as dynamic capabilities, namely, Resource Planning Capability (RPC) and Alliance Management Capability (AMC). First, I propose that there is a positive relationship between the two main capabilities (RPC and AMC) and sustained performance. Secondly, I propose alliance orientation will precede the development of an alliance capability. Third, I propose the interaction effect of AMC and RPC is positively associated with sustained performance. Finally, I propose that the positive relationship between each of these capabilities and sustained performance is moderated by environmental dynamism and environmental munificence such that the relationships is weaker, or stronger, at different levels of dynamism and munificence. I test hypotheses using longitudinal panel data on a sample of 132 firms in the airline industry. The analysis was performed using econometric estimators: a stochastic frontier estimator to test technical fitness of capabilities and random effect estimator to test the effect on dependent variable sustained performance. The results show that the two capabilities (RPC and AMC) have a positive effect on sustained performance. Interestingly, the two moderators appear to have differing effects on the two capabilities. Environmental dynamism appear to strengthen RPC and weakens AMC. Conversely, environmental munificence strengthen AMC and weakens RPC.Item Risk in the eye of the beholder?: an examination of risk evaluation, role expectations and workplace risk-related behavior(University of Alabama Libraries, 2015) Stoutner, Oliver Keith; Bachrach, Daniel G.; University of Alabama TuscaloosaThis dissertation presents the results of three studies designed to enhance understanding of how individual risk evaluation pertains to role theory and how prospect theory can offer clues on the process undergirding the translation of employee role expectations into behavior in the workplace. In studies 1 and 2 I develop a novel scale for evaluating employee risk-related role expectations. Study 3 draws on a sample of 439 working adults and examines how coworker general (non-work-related) risk propensity affects employee’s role expectations regarding risk and expectations of coworker approval. Further, I explore the linkages between employee expectations and subsequent behavior and the influence of coworker indicated approval. Integrating prospect and role theories, I find support for the hypothesis that coworker risk propensity has a negative relationship with employee risk-related role expectations, and expectations of approval. I also find support for the positive relationship between employee risk-related role expectations and behaviors, and mixed support for the positively moderating role of coworker indicated approval. Implications for theory and practice are discussed along with directions for future research.Item Risk perceptions and venture creation decisions: establishing the boundary conditions of overconfidence and perceived environmental munificence(University of Alabama Libraries, 2010) Robinson, Anthony; Marino, Louis D.; University of Alabama TuscaloosaThis dissertation leverages cognition theory to examine the relationship between risk perceptions and venture creation decisions and seeks to establish overconfidence and perceived environmental munificence as boundary conditions for that relationship. Risk perceptions of the new venture are negatively associated with venture creation decisions. As the threat of possible loss and uncertainty associated with the new venture increase, the likelihood for gains associated with deciding to create the new venture decrease. Overconfidence and perceived environmental munificence are expected to moderate the relationship between risk perceptions of the new venture and venture creation decisions. Overconfidence is a cognitive bias that mitigates the relationship between risk perceptions of the new venture and venture creation decisions because the overconfident, while aware of risks, tend to be less sensitive to the possibilities of loss affecting their new ventures based upon skewed perceptions. Additionally, greater amounts of perceived environmental munificence are expected to weaken the negative relationship between risk perceptions of the new venture and venture creation decisions. The effects of risks on the new venture decision are perceived as less likely in resource-rich environments. The relationship between perceived risks and venture creation decisions is, thus, likely to be influenced by the boundary conditions of overconfidence and perceived environmental munificence. The results provide support for the hypothesized relationship between risk perceptions and venture creation decisions. It also provides evidence that perceived environmental munificence moderates the relationship between risk perceptions and venture creation decisions. However, it does not provide support for the hypothesized boundary condition of overconfidence.