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Uncertainty and Value Appropriation: An Assessment of Resource-based Theory

In English

Författare

Summary, in English

This paper addresses the notion of uncertainty in resource-based theory by examining value appropriation as a cause of profit differentials among firms. It is shown that assumptions made within resource-based theory concerning the level of uncertainty in factor and product markets challenges the theory’s internal consistency and limits its ability to explain how economic value is distributed between seller and buyer. This paper suggests that integrating more elaborate notions of agency and uncertainty with resource-based theory has the potential of remedying some of these limitations

Publiceringsår

2009

Språk

Engelska

Dokumenttyp

Konferensbidrag

Ämne

  • Economics and Business

Nyckelord

  • Uncertainty
  • value appropriation
  • resource-based theory

Conference name

Strategic Management Society Annual Conference, 2009

Conference date

2009-10-11 - 2009-10-14

Conference place

Washington DC, United States

Status

Unpublished