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Factor payments, resource-based bargaining, and the creation of firm wealth in technology-based ventures

Busenitz, Lowell W. - ; Townsend, David M. - ;

A central tenet of resource-based logic is that undervalued resources utilized by firms organized to exploit them will produce superior economic performance over the long run. Yet when young technology-based ventures pursuing new opportunities do not possess full property over these resources, input providers retain the right to bid up factor prices to match each resource's marginal productivity. In response to these limitations in extant resource-based logic, we apply and extend Lippman and Rumelt's full payments and bargaining perspectives and propose an alternative method by which entrepreneurs can generate firm wealth through the unique bundling of cospecialized resources. Both theoretical implications and directions for future research are discussed as well..Printed journal


Ketersediaan

Call NumberLocationAvailable
PSB lt.dasar - Pascasarjana1
PenerbitNew York: John Wiley & Sons 2008
EdisiVol. 2, No. 4, Dec. 2008
SubjekTechnology
resource
based theory
based ventures
Factor payments
Stakeholder bargaining
Opportunity formation and exploitation
ISBN/ISSN1932-4391
KlasifikasiNONE
Deskripsi Fisik16 p.
Info Detail SpesifikStrategic Entrepreneurship Journal
Other Version/RelatedTidak tersedia versi lain
Lampiran BerkasTidak Ada Data

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