Firm performance, rent appropriation, and the strategic resource divestment capability

• 成果类型: Review
• 署名作者: Moliterno, Thomas P.; Wiersema, Margarethe F.
• 署名单位: University of South Carolina System; University of South Carolina Columbia; University of California System; University of California Irvine
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.630
• 发表日期: 2007
• 页码: 1065-1087
• 关键词: RESOURCE-BASED VIEW; DYNAMIC CAPABILITIES; economic rents; firm performance; behavioral theory

摘要

Dynamic capabilities manifest the organizational capacity to purposefully create or modify the firm's resource base. In this paper, we consider resource divestment an important firm-level resource management capability that manifests a two-step organizational change routine. Finns must first be motivated to engage in resource divestment, and then decide which resources should be 'sold off.' In exploring this firm-level capability, we employ factor market theory to consider the 'seller side' of the market, and provide a useful framework for conceptualizing how firms generate competitive advantage through resource divestment. We test our model of the resource divestment capability with a dataset of professional baseball franchises during the period 1969-83. Copyright (C) 2007 John Wiley & Sons, Ltd.