STOP - Strategy, Organisation and Performance

STOP - Strategy, Organisation and Performance

Broadly, the research agenda of the STOP-group is to better understand the origins of performance differences between firms and industries, and the implications of this for decision makers.

Within our wider research agenda we put particular emphasis on the following topics:

  • Strategy and the business cycle

    Strategy and the business cycle

    Firms and industries display different vulnerabilities to recessions and economic downturns.

    • What are the properties that determines this vulnerability?

    There are also systematic differences across and within industries with respect to how the responses to business cycle shocks.

    • What determines these responses?
    • What are the short- and long-term performance consequences of different responses?
  • Strategic human capital

    Strategic human capital

    Human capital have a special standing among the resource stocks firms deploy in competition. Human capital is a fundamentally important resource in itself, but also a precursor and a complement for acquiring, developing and deploying all other resources.

    • So how do firms build human capital?
    • How is human capital maintained and how does it erode?
    • How and when does it flow between firms?
    • What determines the relative value appropriation by firms and employees?
  • The theory of the firm

    The theory of the firm

    Some firms are diversified, some are not. Some firms are vertically integrated, some are not. Firms use a wide range of contractual and non-contractual arrangements both within and across firms.

    • Which arrangements are efficient?
    • When are they efficient?
    • Why are they efficient?
  • Entrepreneurship


    Our focus on entrepreneurship will typically link entrepreneurship with the other focus areas.

    • How is entrepreneurship and entrepreneurial firms affected by business cycles?
    • What are the consequences of entrepreneurs’ human capital, and how do entrepreneurs build human capital beyond that of the entrepreneur?
    • When and how do entrepreneurial firms grow?

As illustrated by the entry on entrepreneurship, we generally seek to combine two or more of the research topics listed above in the work we do. This allows us to combine several strengths in our research efforts.

Theoretically, we consider strategy to be our home discipline, but we are not purists. Most of our work is conducted at the intersection of strategy, economics and finance, and we are fully prepared to draw inspiration elsewhere too,- from whatever field we find offers something useful.

Empirically, most of what we do is large sample quantitative research. Still, we believe that sometimes small sample, high resolution work is the appropriate thing to do. We believe research questions and data availability should drive methods - not dogma.


  • 2017


  • 2016


    • Kolympiris, Christos, and Peter G. Klein: The Effects of Academic Incubators on University InnovationStrategic Entrepreneurship Journal, 19 December 2016.
    • Fitjar R & Timmermans, B.: Regional Skill Relatedness: Towards a New Measure of Regional Related Variety, European Planning Studies, 19 October 2016, 516- 538. 
    • Bradley, Steven W., and Peter G. Klein: Institutions, Economic Freedom, and Entrepreneurship: The Contribution of Management Scholarship, Academy of Management Perspectives 30, no. 3, August 2016: 211-21.
    • Peter G. Klein , Robert Wuebker, and Kathrin Zoeller: Relationship Banking and Conflicts of Interest: Evidence from German Initial Public Offerings, Journal of Corporate Finance 39 (August 2016): 210–21.Peter
    • G. Klein: My Contributions to Entrepreneurship Theory, in D. Audretsch and E. Lehmann, eds., The Routledge Companion to the Makers of Modern Entrepreneurship, 2019 (SSRN May 2016)
    • James, Harvey S., Jr., Desmond Ng, and Peter G. Klein: Complexity, Novelty, and Ethical Judgment by Entrepreneurs,  International Journal of Entrepreneurial Venturing 8, no. 2 (2016): 170–95.
    • Foss, Kirsten, Nicolai J. Foss, and Peter G. Klein: Managerial Authority in the Coasean Firm: An Entrepreneurial Perspective, Claude Ménard and Elodie Bertrand, eds., The Elgar Companion to Ronald H. Coase (Cheltenham, U.K.: Edward Elgar, 2016), pp. 160-71.
    • Deffains-Crapsky, Catherine, and Peter G. Klein: Business Angels, Social Networks, and Radical Innovation, Bögenhold, Dieter, Jean Bonnet, Marcus Dejardin, and Domingo Garcia Pérez de Lema, Contemporary Entrepreneurship: Multidisciplinary Perspectives on Innovation and Growth (New York: Springer, 2016), pp. 275–90.
    • Ivan Belik, Kurt Jørnsten: The Method of Leader's Overthrow in Networks Based on Shapley Value,  Socio-Economic Planning Sciences, in press (available online September 20, 2016)
    • Ivan Belik: The analysis of split graphs in social networks based on the k-cardinality assignment problem,  International Journal of Network Science, Vol. 1 (2016), No. 1, pp. 53–62
    • Ivan Belik, Kurt Jørnsten: A new Semi-Lagrangean relaxation for the k-cardinality assignment problem, Journal of Information and Optimization Sciences, Vol. 37 (2016), No. 1, pp. 75-100
    • Ivan Belik, Kurt Jørnsten: A Comparative Analysis of the NHH and BI Networks, Beta. Scandinavian Journal of Business Research,  Volume 29, no. 2-2015, s. 123-156
    • Nicolai Juul Foss, Libby Weber: Moving Opportunism to the Back Seat: Bounded Rationality, Costly Conflict, and Hiearchical Forms, Academy of Management Review 2016, Volum 41.(1) s. 61-79
    • Jacob Lyngsie, Nicolai Juul Foss: The More, The Merrier? Women in top-management teams and entrepreneurship in established firms, Strategic Management Journal 2016, Volum 37.(3)
    • Lasse B. Lien, Eirik Sjåholm Knudsen, Baardsen, Tor Øyvind: Strategiboken, Strategic Management Journal 2016, Volum 37.(3)
  • 2015


    • Eirik Sjåholm Knudsen, Lasse B. Lien: Hire, fire, or Train: Innovation and human Capital respnses to recessions, Strategic Entrepreneurship Journal, 2015
    • Lasse B. Lien, Erik W. Jakobsen: Ekspansjon og konsernstrategi, Gyldendal Akademisk 2015 (ISBN 9788205455917) 238 s.
    • Teppo Felin, Nicolai Juul Foss, Robert Ployhart: The Microfoundations Movement in Strategy and Organization Theory, The Academy of Management Annals 2015 ;Volum 9.(1) s. 575-632.
    • Kirsten Foss, Nicolai Juul Foss: Coasian and modern property rights economics, Journal of Institutional Economics 2015,Volum 11.(2) s. 391-411.
    • Nicolai Juul Foss, Peter G. Klein: Introduction to a forum on the judgment-based approach to entrepreneurship: Accomplishments, challenges, new directions, Journal of Institutional Economics 2015 ;Volum 11.(3) s. 585-599.
    • Nicolai Juul Foss, Peter G. Klein, Stefan Linder: Organizations and Markets, The Oxford Handbook of Austrian Economics 2015s. 272-295.
    • Nicolai Juul Foss, Jacob Lyngsie, Shaker A. Zahra: Organizational design correlates of entrepreneurship: The roles of decentralization and formalization for opportunity discovery and realization, Strategic Organization 2015 ;Volum 13.(1) s. 32-60.
    • Bram Timmermans, Christian Richter Østergaard: Offshoring and changes in firms’ domestic employment: The case of Denmark, Johansen et al. (eds.) Global Operations Networks: Exploring New Perspectives and Agendas. 2015 Aalborg: Aalborg University Press.
    • Diego Stea, Kirsten Foss, Nicolai Juul Foss: A Neglected Role for Organizational Design: Supporting the Credibility of Delegation in Organizations, International Journal of Organisational Design and Engineering (IJODE) 2015 ;Volum 4.(3) s. 3-17


  • 2014


    • Eirik Sjåholm Knudsen, Kirsten Foss: The Effect of Recessions on firms boundaries, Industrial and Corporate Change 2014
    • Eirik Sjåholm Knudsen, Lasse B. Lien: Seleksjon i næringslivet, Magma - Tidsskrift for økonomi og ledelse 2014, Volum 17.(6/7) s. 95-102
    • Alex Coad, Bram Timmermans: Two's Company: Composition, Structure and Performance of Entrepreneurial Pairs, European Management Review, 2014.11(2), 117-138.
    • Christian Richter Østergaard, Bram Timmermans, Ron Boschma: The effect of intra- and inter-regional labour mobility on plant performance in Denmark: the significance of related labour inflows, Journal of Economic Geography, 2014
    • Lasse B. Lien: Strategi. I: Markedsføring : verdibasert forventningsledelse, Fagbokforlaget 2014 ISBN 978-82-450-1259-0. s. 351-370.
  • 2013


    • Lasse B. Lien, Peter Klein: Can the Survivor Principle Survive Diversification?,  Organization science (Providence, R.I.) 2013 ;Volum 24.(5) s. 1478-1494
    • Bram Timmermans, J.M Zabala-Iturriagagoitia:  Coordinated unbundling: A way to stimulate entrepreneurship through public procurement for innovation, Science and Public Policy, 2013, 40 (5): 674-685
    • Bram Timmermans, Rudi Bekkers, Luca Bordolli: Knowledge reallocation and challenges for KIE: The case of the European roller coaster industry, McKelvey, M. and Lassen A.H.(eds) How entrepreneurs do what they do. 2013, Edward Elgar Publishing
  • 2012


    • Lasse B Lien, Eirik Sjåholm Knudsen: Norske bedrifter gjennom krisen: en oversikt, Magma - Tidsskrift for økonomi og ledelse 2012 ;Volum 6. s. 40-51
    • Kirsten Foss, Nicolai Juul Foss, Phillip C. Nell: MNC organizational form and subsidiary motivation problems: Controlling intervention hazards in the network MNC, Journal of International Management 2012 ;Volum 18.(3) s. 247-259
    • C.R Østergaard, Bram Timmermans: Innovation og medarbejder diversitet i Nordjylland,
      Christensen J. L. (eds) Nordjyske undviklingsperspektiver: afvikling eller udvikling. 2012, Aalborg University Press
  • 2011


    • Kirsten Foss, Waymond Rodgers: Enhancing Information Usefulness by Line Managers`Involvement in Cross-Unit Activities, Organization Studies 2011 ;Volum 32.(5) s. 683-703
    • C.R Østergaard, Bram Timmermans, Kari Kristinsson: Does a difference view create something new: the effect of employee diversity on innovation, Research Policy, 2011, 40(3), 500-509
  • 2010


    • Nicolai Juul Foss, Lasse B. Lien: Ownership and competitive dynamics, The Quarterly Journal of Austrian Economics 2010 ;Volum 13.(2) s. 3-30
    • Kirsten Foss: How do economic crises impact firm boundaries?, European Management Review 2010 ;Volum 7.(4) s. 217-228
  • 2009


    • Lasse B. Lien, Nicolai Juul Foss: The Determinants of Industry Concentration: Two New Empirical Regularities, Managerial and Decision Economics 2009 ;Volum 30.(8) s. 503-511
    • Peter Klein, Lasse B. Lien: Diversification, Industry Structure, and Firm Strategy: An Organizational Economics Perspective, Advances in Strategic Management 2009 ;Volum 26. s. 289-312
    • Lasse B. Lien, Peter Klein: Using Competition to Measure Relatedness, Journal of management 2009 ;Volum 35.(4) s. 1078-1107
    • Nicolai Juul Foss, Kirsten Foss: Authority in the Context of Distributed Knowledge. I: Knowledge Governance: Processes and Perspectives, Oxford University Press 2009
    • Nicolai Juul Foss, Rasjhree Agarwal, Jay B. Barney, Peter Klein: Heterogeneous Resources and the Financial Crisis: Implications of Strategic Management Theory, Strategic Organization 2009 ;Volum 7. s. 467-484
  • 2008


    • Kirsten Foss, Nicolai Juul Foss: Understanding Opportuinity Discovery and Sustainable Advantage: The Role of Transaction Costs and Property Rights, Strategic Entrepreneurship Journal 2008 ;Volum 2.(3) s. 191-207
    • Lasse B. Lien: Gevinster og tap i markedet for selskapskontroll. I: Fusjoner og oppkjøp, Boye K. og Meyer, C.B. (red). Cappelen Damm Akademisk 2008 ISBN 9788202263409. s. 36-49

For students

  • Master Thesis

    Master Thesis

    The S T O P group supervises master theses for students interested in our research areas.

    See examples of such theses:

    Master thesis supervised by the researchers at S T O P - Fulltex

    As a general rule we try to link master theses closely to ongoing or upcoming research projects. This is when we feel we can offer the most to the students we supervise, and this is also what maximizes the likelihood that a thesis will be of useful beyond ensuring that the candidate gets his or her degree.

    Sometimes we will have both research questions and data for students to use. Sometimes we will only have a research question and no data, but suggestions for which data students might collect. However, we do not think we have a monopoly on good questions.

    Therefore, we are also open to students that bring in their own research questions and ideas, as long as these are within our research agenda. In such situations, it is in our experience beneficial that the ideas are allowed to evolve through a round or two discussion of what is interesting to both parties, and what is doable in a master thesis. 

    To write a master thesis with STOP, see the research interests of the STOP faculty. Decide who you think would be the most appropriate supervisor (don’t worry too much if you miss, if so, we’ll redirect you).  Send her or him an e-mail explaining what your interests are, which courses you have taken, whether you want to join an existing research project, or if you want to start a discussion about an idea of your own.

STOP liggende NEW.svg

STOP was formerly an independent NHH research centre, but is now affiliated with DIG.

Contact us

+47 55 95 97 26



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  • “Nedgangstider viser ikke statistikken: En svak økning i Nye Konkurser”, Bergensavisen, 07.10.2016
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  • «Endelig tjener de penger på kaffen», Bergens Tidende, 27.03.2010