Please use this identifier to cite or link to this item:
|Scopus||Web of Science®||Altmetric|
|Title:||Extending resource-based logic: applying the resource-investment concept to the firm from a payments perspective|
Hubbard, Graham Lindsay
Johnson, Lester W.
|Citation:||Journal of Management, 2012; 38(6):1867-1891|
|Angelina Zubac, Graham Hubbard, Lester Johnson|
|Abstract:||This article argues that resource-based logic can be extended by conceptualizing the firm in resource-investment terms. It establishes that investing in resources is essentially a bilateral process involving managers and the owners of capital and that all resource-investments are necessarily made within an institutional superstructure. As a result, the capital invested into the firm is necessarily highly structured. These ideas are developed in this article from a payments perspective because this perspective allows scholars to explore the ex ante investment decisions that allow firms to grow, and to focus on firms’ resource payments, which can be considered a proxy for firms’ ex post resource-investments. The article concludes with a discussion of the implications of these ideas, including the implications for performance, theory of the firm, and endogenous growth research.|
|Keywords:||resource-based view; payments perspective; capital; institutions; theory of the firm|
|Rights:||© The Author(s) 2012|
|Appears in Collections:||Business School publications|
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.