haku: @author Bryce, D. J. / yhteensä: 2
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| Tekijä: | Knott, A. M. Bryce, D. J. Posen, H. E. |
| Otsikko: | On the Strategic Accumulation of Intangible Assets |
| Lehti: | Organization Science
2003 : MAR-APR, VOL. 14:2, p. 192-207 |
| Asiasana: | INTANGIBLE ASSETS ASSETS MOBILITY STOCKS |
| Kieli: | eng |
| Tiivistelmä: | This paper attempts to reconcile resource accumulation theory with the counterfactual evidence. The authors do so by building an intermediate good-production function for a firm's intangible asset stocks. They test the contribution of the intangible asset stock to the firm's final good-production function and examine the extent to which that asset stock deters rival mobility in the pharmaceutical industry. The authors find that the asset accumulation process itself cannot deter rivals, because asset stocks reach steady state rather quickly. Entrants can achieve an incumbent's intangible asset stock merely by matching its investment until steady state. Thus, the authors conclude that the accumulation process per se is not an isolating mechanism. |
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