Employee incentives to make firm-specific investments: Implications for resource-based theories of corporate diversification

• 成果类型: Article
• 署名作者: Wang, HC; Barney, JB
• 署名单位: Hong Kong University of Science & Technology; University System of Ohio; Ohio State University
• 刊物名称: ACADEMY OF MANAGEMENT REVIEW
• ISSN/ISSBN: 0363-7425
• 发表日期: 2006
• 页码: 466-476
• 关键词: INTEGRATED RISK-MANAGEMENT; Competitive advantage; STRATEGIC MANAGEMENT; view; rents; performance; BUSINESS; COSTS; POWER

摘要

We argue that the risk associated with the value of a firm's core resources has an impact on employee decisions to make firm-specific investments. independent of the threat of opportunism that might exist in a particular exchange. We further explore mechanisms firms may adopt to mitigate the employee incentive problem stemming from the risk associated with core resource value. These arguments shed new light on resource-based theories of corporate diversification.