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Firm-Specific Knowledge Resources and Competitive Advantage: The Roles of Economic- and Relationship-Based Employee Governance Mechanisms

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  • Wang, Heli C.

    (Hong Kong U of Science and Technology)

  • He, Jinyu

    (Hong Kong U of Science and Technology)

  • Mahoney, Joseph T.

    (U of Illinois at Urbana-Champaign)

Abstract

The resource-based view of the firm emphasizes the role of firm-specific resources, especially firm-specific knowledge resources, for enabling a firm to gain and sustain competitive advantage. However, since the deployment of firm-specific knowledge frequently requires key employees to make specialized human capital investments that are not easily transferable to other settings, employees with foresight may be reluctant to make these specialized investments. This paper explores both economic- and relationship-based governance mechanisms that potentially mitigate this under-investment problem. The appropriate use of these governance mechanisms enables firms to obtain greater performance from their efforts to deploy firm-specific knowledge resources. Empirical results further support these arguments.

Suggested Citation

  • Wang, Heli C. & He, Jinyu & Mahoney, Joseph T., 2007. "Firm-Specific Knowledge Resources and Competitive Advantage: The Roles of Economic- and Relationship-Based Employee Governance Mechanisms," Working Papers 07-0103, University of Illinois at Urbana-Champaign, College of Business.
    • Handle: RePEc:ecl:illbus:07-0103
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    File URL: http://www.business.illinois.edu/Working_Papers/papers/07-0103.pdf
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    Cited by:

    1. Larisa PANTEA, 2019. "Aspects regarding human capital and its influence on the competitiveness of firms in the European Union," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 11(3), pages 198-210, Octomber.

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