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Emerging issues in the further development of the resource-based view of the firm

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  • Frohwein, Torsten
  • Burr, Wolfgang
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    Abstract

    The resource-based view is the dominant paradigm in strategic management. One of the unanswered questions is how innovations are addressed in the resource and competence based literature. In answering this question the conformance of the fundamental methodological principles of the resource-based reasoning with the defined explanation goals is challenged. Theoretical foundation based on transaction costs and property rights arguments can help to clarify a sufficient explanation of the emergence, occupation, and decay of sustainable competitive advantage. The necessity and the feasibility to integrate transaction costs and property rights aspects into the resource-based reasoning is to be proofed. --

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    File URL: http://econstor.eu/bitstream/10419/66490/1/719916909.pdf
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    Bibliographic Info

    Paper provided by University of Stuttgart, Institute of Business Administration, Department I - Institute of Research & Development and Innovation Management in its series Research Papers on Innovation, Services and Technology with number 1/2011.

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    Date of creation: 2011
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    Handle: RePEc:zbw:stuist:12011

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    Keywords: resource-based view; property rights; theory integration; innovations; strategic management;

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    1. Oliver Hart & Sanford Grossman, 1985. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Working papers 372, Massachusetts Institute of Technology (MIT), Department of Economics.
    2. Ingemar Dierickx & Karel Cool, 1989. "Asset Stock Accumulation and Sustainability of Competitive Advantage," Management Science, INFORMS, vol. 35(12), pages 1504-1511, December.
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    4. Barzel, Y., 1994. "The Capture of Wealth by monopolists and the Protection of Property Rights," Discussion Papers in Economics at the University of Washington 94-3, Department of Economics at the University of Washington.
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    7. Oliver Hart & John Moore, 1988. "Property Rights and the Nature of the Firm," Working papers 495, Massachusetts Institute of Technology (MIT), Department of Economics.
    8. Ingemar Dierickx & Karel Cool, 1989. "Asset Stock Accumulation and the Sustainability of Competitive Advantage: Reply," Management Science, INFORMS, vol. 35(12), pages 1514-1514, December.
    9. Hart, Oliver D, 1988. "Incomplete Contracts and the Theory of the Firm," Journal of Law, Economics and Organization, Oxford University Press, vol. 4(1), pages 119-39, Spring.
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    11. Barzel, Y., 1994. "The Capture of Wealth by monopolists and the Protection of Property Rights," Working Papers 94-3, University of Washington, Department of Economics.
    12. Demsetz, Harold, 1988. "The Theory of the Firm Revisited," Journal of Law, Economics and Organization, Oxford University Press, vol. 4(1), pages 141-61, Spring.
    13. Foss, Nicolai Juul, 1993. "Theories of the Firm: Contractual and Competence Perspectives," Journal of Evolutionary Economics, Springer, vol. 3(2), pages 127-44, May.
    14. Furubotn, Eirik G & Pejovich, Svetozar, 1972. "Property Rights and Economic Theory: A Survey of Recent Literature," Journal of Economic Literature, American Economic Association, vol. 10(4), pages 1137-62, December.
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