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Comparing the resource-based and market-based views of the firm: empirical evidence from Czech privatization

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The recent privatization of state-owned enterprises in the Czech Republic forms a natural experiment to test and compare the predictive ability of the resource-based view (RBV) against the market-based view (MBV) under conditions of great change. In order to test this notion, an RBV model was developed, based on a set of firm features reflecting the rare and valuable ability to compete in the emerging capitalistic economy. A contrasting MBV model was also developed, highlight the role of market power in this regard. These models were assessed in a cross-section sample of 988 Czech firms undergoing privatization. The empirical findings show that the RBV-driven variables are remarkably better at explaining share values of Czech firms in the period of privatization than MBV-driven variables. These results underscore the role of firm resources as a primary determinant of firm value in rapidly changing environments.Printed Journal

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Ketersediaan

Call Number	Location	Available
	PSB lt.dasar - Pascasarjana	1

Penerbit	John Wiley & Sons.,
Edisi	-
Subjek	Theory Privatization Models Public enterprise Comparative studies Business valuation
ISBN/ISSN	1432095
Klasifikasi	-
Deskripsi Fisik	-
Info Detail Spesifik	-
Other Version/Related	Tidak tersedia versi lain
Lampiran Berkas	Tidak Ada Data