Reassessing Constraint’s Meaning: A Framework for Reinterpreting Structural Holes’ Findings

The authors thank participants at seminars and conferences hosted by Aarhus University, AOM, ASA, BI Norwegian Business School, DRUID, the Naval Postgraduate School, SCANCOR, SMS, and Sunbelt for valuable feedback on earlier versions of this paper; Mark Granovetter, Øystein Fjeldstad, and Exequiel Hernandez for insightful comments and suggestions; Stan Xiao Li and Andrew V. Shipilov for generously sharing the public securities data used in our analysis; Professor Daniel Elfenbein, Strategy Science senior editor; and Professor Phebo Wibbens and two anonymous reviewers for constructive guidance that significantly improved this paper.