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| Author: | Coff, R.W. |
| Title: | The coevolution of rent appropriation and capability development |
| Journal: | Strategic Management Journal
2010 : JUL, VOL. 31:7, p. 711-733 |
| Index terms: | theories competitive advantage bargaining power development |
| Freeterms: | capabilities stakeholder view |
| Language: | eng |
| Abstract: | This article aims at contribution by examining how capabilities (hereafter as: capbs.) and bargaining power co-evolve. As capbs. are developed, those favoured by knowledge asymmetries make decisions balancing value creation (herein as: v-r.) potential against the rent appropriation (as: r-a.) regime. Using the example of Apple's iPod development, it is illustrated how stakeholders plan for r-a. when assembling new capabilities, well before of any actual v-r. Given that firm performance is an outcome of both capbs. development and r-a, a robust theory has to include an understanding of their co-evolvement. As such, highlighted is the need of integrating property rights theory with theories of v-r. and governance costs as actors constantly make trade-offs along these dimensions. |
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