Theo J.B.M. Postma

Theo J.B.M. Postma
University of Groningen | RUG · Faculty of Economics and Business

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About

80
Publications
30,787
Reads
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1,787
Citations
Introduction
Was active in the areas of Strategic Management, technology assessment and corporate governance (esp. boards). Has stopped his academic career, due to a brain stroke.
Additional affiliations
August 1984 - March 2011
University of Groningen
Position
  • Professor (Associate)
Education
December 1985 - December 1989
Ph.D in business Administration University of Groningen
Field of study
  • strategic decision making by hospitals
September 1977 - August 1983
University of Groningen
Field of study
  • Business Administration

Publications

Publications (80)
Book
This Element is an attempt to contribute to the extant literature on boards and corporate governance by exploring in detail the active involvement of the board in the purpose and strategy of the corporation in order to cope with a complex and uncertain environment.
Article
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Als externe risico’s zich manifesteren, kunnen ze de winstgevendheid en levensvatbaarheid van ondernemingen hard treffen. Op basis van onderzoek naar de rapportage van externe risico’s in de jaarverslagen van alle in Nederland beursgenoteerde ondernemingen, concluderen we dat het risicomanagement op dit gebied nog onvoldoende ontwikkeld is. Dit art...
Article
What strategic choices do business leaders make when implementing new business models? This study tries to answer this question by analyzing the development of several business model innovations that were new to the industry. We find that business model innovators face four strategic trade-offs and accompanying tensions during the implementation of...
Chapter
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PurposeDefaults in corporations, financial institutions and semipublic organizations have resulted in (corporate) governance Codes and Law provisions that aim to improve governance, risk management and policy making by executive and non-executive directors of involved boards in The Netherlands and across the globe. The aim of this chapter is to dis...
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This paper discusses two dilemmas for boards of growing small and medium-sized enterprises in a two-tier context following their need for external capital (equity) and concomitant introduction of external directors. Firstly, split loyalties can arise when an externally mandated non-executive director may be pressured to act primarily in the interes...
Article
Manuscript Type Empirical Research Question/Issue The authors posit that to understand the effects of board demographic diversity on board performance, it is critical to recognize that board members often do not come to a board as independent entities but rather as delegates of specific interest groups so that the board has factions. The authors p...
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Op basis van ons literatuur- en empirisch onderzoek bij 74 aan de Amsterdamse beurs genoteerde vennootschappen komt naar voren dat deze vennootschappen strategische risico’s gelijkstellen aan externe risico’s. Doordat in de literatuur en in de Code deze begrippen niet goed of niet eenduidig worden gedefinieerd kan het zo zijn dat Nederlandse vennoo...
Article
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Ondernemingen moetenvolgens de corporate governance Code rapporteren over hun strategische risico's, maar onduidelijk is wat dat nu eigenlijk zijn. Bovendien willen ze concurrenten niet onnodig informeren. We kunnen doorgaans beter spreken van strategische onzekerheid dan van strategisch risoco, is de conclusie van een later te publiceren onderzoek...
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Innovative companies generally establish linkages with other actors and access external knowledge in order to benefit from the dynamic effects of interactive processes. Using data from 198 furniture and software firms in Indonesia, this study shows that the quality of interaction (i.e. multiplexity) as indicated by the depth of knowledge absorbed f...
Article
The front-end of new product development involves the identification and analysis of product or service opportunities, idea generation, and the selection of new product and service concepts. It is often referred to as non-routine, dynamic, and highly uncertain. Authors have made attempts to improve the manageability of this phase by proposing sever...
Article
We examine the effect of factional demographic faultlines between two naturally occurring factions within Dutch pension fund boards on conflict management within these boards. Data on 313 Dutch pension fund boards confirm that factional demographic faultlines are positively related to competitive conflict management and moderately negatively relate...
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In this study we examine governance factors affecting knowledge transfer in interorganisational development projects. There is a gap in the literature indicating a need for more insights into processes of knowledge sharing and governance of interorganisational development projects. By using cases from the Dutch construction industry, we discus how...
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In this study we examine governance factors affecting knowledge transfer in interorganisational development projects. There is a gap in the literature indicating a need for more insights into processes of knowledge sharing and governance of interorganisational development projects. By using cases from the Dutch construction industry, we discus how...
Article
This paper is concerned with how firms in a project-based industry cooperate in technological innovation projects in the construction industry. The main focus of the paper is on the sharing of capabilities in cooperative innovation projects and how these cooperations are governed. A knowledge-based perspective is applied, and four cooperative innov...
Article
This paper is concerned with how firms in a project-based industry cooperate in technological innovation projects in the construction industry. The main focus of the paper is on the sharing of capabilities in cooperative innovation projects and how these cooperations are governed. A knowledge-based perspective is applied, and four cooperative innov...
Article
Without acknowledging the paradigm difference between testing theory and predicting events, researchers in the field of management and organization continue to use the DEL-technique as a promising technique to evaluate theory based on cross-classification data analysis. We address the purpose and interpretation of the DEL-measure within the theory-...
Article
Summary Corporate governance regulations across the globe increasingly push for a model in which top management is supervised by an independent, vigilant and skilled board of directors. Academic research, however, produces ambiguous results as to the direct effects of such board characteristics on firm performance. We therefore analyze the relation...
Article
In this article, we discuss a dilemma consisting of the market-oriented perspective of users of medical technology versus the long-term technology foresight perspective. The context of medical technology is interesting, because we have to cope with complex future-oriented multi-level and multi-actor strategic decision making. In order to deal with...
Article
Venture capitalists (VCs) contribute to entrepreneurial firms by engaging in governance activities, such as providing services and monitoring the entrepreneurial firm's operations and performance. This study examines the role and influence of the VC's governance activities on 93 Dutch entrepreneurial firms. Results suggest that while the VC's gover...
Article
Existing literature suggests that the contents of corporate governance codes are similar due to external forces, such as increased integration of countries in the global economy, the increased role of foreign institutional investors and recommendations on corporate governance practices of international organisations. This paper analyzes and compare...
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This article examines the overall acceptance of the best practice provisions contained in the Dutch corporate governance code and identifies those that receive comparably less agreement among 150 Dutch listed companies in 2004. The findings indicate a high level of compliance with the Code. Moreover, the extent of compliance is positively associate...
Article
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Purpose The paper seeks to analyze to what extent the contents of corporate governance codes of countries in the European Union are driven by external (internationally accepted corporate governance best practices) or domestic (institutions, culture, etc.) forces. Design/methodology/approach The paper compares the contents of codes with the priorit...
Article
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There is a need in The Netherlands to understand the future prospects of imaging techniques in cancer care to deal with current and expected capacity decisions. For this, a Delphi research was performed with a panel of 35 noted experts. The panel anticipates that the application of imaging techniques (e.g., CT, MRI, PET) will gradually change; espe...
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In deze bijdrage wordt ingegaan op de mate waarin en de wijze waarop de best practice bepalingen uit de Nederlandse corporate governance code in het boekjaar 2004 zijn toegepast. De mate van toepassing van de code is voor 150 beursgenoteerde en in Nederland statutair gevestigde ondernemingen onderzocht aan de hand van publiek toegankelijke informat...
Article
Scenarios are claimed to support strategic decision makers. They are especially effective in dealing with uncertainties. This paper addresses some drawbacks of the conventional scenario method, which is especially directed at handling these uncertainties, and indicates possible avenues for methodological adaptations. We take the approach, which res...
Article
In this article, the pattern of institutional change affecting board roles and board member selection in the Netherlands is discussed. A set of propositions is developed concerning the relationships between three stakeholder groups related to capital, labor, and management. From the analysis of these propositions, we conclude that Dutch corporate m...
Article
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De aanbevelingen van de code Tabaksblat zijn ontleend aan ‘best practices’. De vraag rijst waarop ‘best practices’ zijn gebaseerd en wat er mee wordt beoogd. In dit artikel zal worden betoogd dat de code mogelijk de legitimiteit van corporate governance instituties, in het bijzonder de Raad van Commissarissen (RvC), vergroot, maar niet noodzakelijk...
Article
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This paper deals with innovation and the role of absorptive capacity in Knowledge Intensive SMEs. Building on the seminal paper of Cohen and Levinthal (1990) in which R&D-expenditure is taken as the main indicator for absorptive capacity, this paper discusses four alternative indicators, i.e. Internal Knowledge Base, (Formal) Cooperation, External...
Article
The strategic activities of venture capitalists are regarded as their major contributions to their portfolio companies' performance. However, apart from a general consensus as to the different supporting roles the VC provides, little is known about how the VC specifically adds value to the venture's strategy and performance. In our paper, we addres...
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We analyze the performance-board characteristic nexus of Dutch listed firms. The Netherlands has a continental-European two-tier board structure. This makes it interesting to analyze the impact of management and supervisory board characteristics (size, composition and remuneration) on corporate performance. In Dutch corporate governance, the superv...
Article
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During the last ten years, Estonia has made strong efforts in terms of the transition to a market economy. This is particularly true with respect to the soundness and transparency of monetary and fiscal policies, the privatisation of former state-owned enterprises, the development of the financial sector and the institutional setting. This paper ar...
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Corporate governance trekt in Nederland en daarbuiten al enige tijd veel belangstelling. Diverse nationale en internationale commissies stellen regels op in aanvulling op bestaande wet- en regelgeving. In dit verband wordt gesproken van procedurele rationaliteit. Wat opvalt is dat er weinig rekening wordt gehouden met issues als machtsposities, eig...
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This contribution discusses centralization vs. decentralization in healthcare strategic decision making, focusing on long-range planning of facilities for radiotherapy. The radiotherapy case illustrates that more centralized, comprehensive, and systematic planning and strategic decisions making may be necessary to account for inputs of various part...
Article
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The DEL-technique, a proportionate reduction in error measure, developed by Hildebrand, Laing and Rosenthal, has been applied and portrayed as a promising prediction analysis technique to evaluate theory on the basis of cross-classification data, though it was controversial at its birth in the early 70s. According to the opponents, Goodman and Krus...
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We analyze the relationship between performance and board composition of Dutch listed firms. Since the Netherlands has a two-tier board structure, we analyze both the impact of the size of the management board and the supervisory board. The supervisory board plays a role in (anti-) investor protection in the Dutch corporate governance system. There...
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The subject of this paper is long range planning or policy development for healthcare in the Netherlands. Especially the co-ordinating function of planning will be discussed. In healthcare different actors or stakeholders are involved. Each of these actors may have their own interests, expectations, goals, and knowledge. The main goal of this paper...
Article
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In corporate governance systems boards perform three functions: the interlocking function (from a resource-dependency and network perspective), a monitoring function (from an agency perspective), and a strategic function (from a strategic choice perspective). In a one-tier board the board of directors incorporates non-executive directors (outsiders...
Article
In this paper, an empirical research about organizational diagnosis in The Netherlands is presented. The main research question is whether the usage of the kind of conceptual organizational diagnosis model and computer support in diagnosing problem situations is contingent upon background characteristics of management consultants and their agencies...
Article
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Objective: The purpose of our study was to analyse and evaluate the costs of continuous intrathecal baclofen administration as a modality in the treatment of severe spasticity in the Netherlands. Design: A cost analysis was conducted as part of a prospective, multicentre, multidisciplinary, randomised and placebo-controlled clinical trial. The s...
Article
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We survey the evidence on the relationship between board and top management team attributes and firm performance in the Netherlands (sample of 94 listed firms). To this aim we develop hypotheses by using sources from the strategic management and the corporate governance literature. Dutch corporations generally have a two-tier board system. We use t...
Article
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This paper investigates asymmetric effects of monetary policy over the business cycle. A two-state Markov Switching Model is employed to model both recessions and expansions. For the United States and Germany, strong evidence is found that monetary policy is more effective in a recession than during a boom. Also some evidence is found for asymmetry...
Article
Since the oil shocks upset the business world in the 1970s, the use of multiple scenario analysis has been increasingly propagated as an approach to deal effectively with the many long-run uncertainties that surround business organisations. Since its introduction, the scenario approach has undergone some considerable changes and it is now claimed f...
Article
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To compare clinical effectiveness and health related quality of life in patients with severe spasticity who received intrathecal baclofen or a placebo. In a double blind, randomised, multicentre trial 22 patients were followed up during 13 weeks and subsequently included in a 52 week observational longitudinal study. Patients were those with chroni...
Article
In the Netherlands economic analysis of medical technologies is increasingly recognized and used as an instrument for policy-making on different policy-levels in health care. This is mainly due to the introduction of a specific kind of medical technology assessment research, the so-called “investigative medicine.” In this type of health-care resear...
Conference Paper
Manpower planning in the field of health care on a national level is a regular item on the agenda of policy makers. Recent examples are the quantities of dentists and ophthalmologists in the Netherlands. This paper describes a methodology for manpower planning in health care, applied in the field of rheumatology. In health care, important decisions...
Conference Paper
Information technology in relation to organizational diagnosis and organizational change is the subject of extensive and increasing discussion. A condition for change is insight into organizational problems. This paper discusses the relation between the concepts “problem”, “decision making” and “organizational diagnosis” and their use in studying o...
Article
This paper deals with innovation and the role of Absorptive Capacity in Knowledge Intensive Medium-Sized Enterprises. Absorptive Capacity has become a core construct in organisational literature. It helps explain how firms achieve competitive advantage through innovation of products, processes and services based on external information new to the f...
Article
Full-text available
This paper is about the role of scenarios in strategic management. Generally, a scenario depicts some feasible future state of an organisation's environment and mostly includes the dynamic sequence of interacting events, conditions and changes that is necessary to reach that state. The scenario approach changed considerably during the last two deca...

Questions

Questions (3)
Question
I want to start a new project on behavioral corporate governance, and I think that strategic risk connects to that.
Question
I want to start a new research project on how strategic risks relate to behavioral strategy! Any suggestions for this?
Question
Do we need other techniques to deal with the long term (15-50 years), or can we still work with scenarios as deviced in the second half of the previous century?

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