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| Author: | Locketta, A. Thompson, S. |
| Title: | The resource-based view and economics |
| Journal: | Journal of Management
2001 : VOL. 27:6, p. 723-754 |
| Index terms: | RESOURCE MANAGEMENT ECONOMICS MANAGEMENT |
| Language: | eng |
| Abstract: | This paper analyzes the link between economics and the resource-based view (RBV) of the firm. J Although, historically there has been a strong link between the disciplines of strategy and economics, the author explicits citations of key RBV works has been disappointingly low in mainstream economics journals. However, there are substantial bodies of works that build implicitly on the ideas of the RBV, in particular the consequences of path dependency on firm behavior, to explain a number of different economic issues. The issues the authors review in the paper are all influenced by path dependency and include: (1) diversification and market entry, (2) corporate refocusing, and market exit, (3) explaining innovative activity among firms and (4) diversification and performance. |
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