Slack Resources and the Rent-Generating Potential of Firm-Specific Knowledge

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We examine how two types of slack resources relevant to knowledge employees?human resource slack and financial slack at the R&D functional level?influence the rent-generating potential of firm-specific knowledge resources. According to the resource- and knowledge-based views of the firm, firm-specific knowledge resources are critical for generating economic rents for a firm. However, without motivated knowledge employees investing in the corresponding specialized human capital in the process of absorbing and deploying firm-specific knowledge resources, the resource potential for rent generation would be greatly discounted. We argue that human resource slack among knowledge employees and financial slack available for R&D activities affect the rent-generating potential of firm-specific knowledge resources by influencing knowledge employees? incentives to invest in specialized human capital. In particular, while financial slack facilitates rent generation of firm-specific knowledge resources by increasing employee incentives to invest in specialized human capital, human resource slack hinders it by reducing such incentives. Empirical results based on longitudinal R&D employment data, U.S. patent data, and Compustat support these arguments..Printed Journal

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Ketersediaan

Call Number	Location	Available
JOM4202	PSB lt.dasar - Pascasarjana	1

Informasi Detail

Judul Seri

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No. Panggil

JOM4202

Penerbit

: Southern Management Association.,

Deskripsi Fisik

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Bahasa

ISBN/ISSN

1492063

Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

Firm
Firm performance
Financial Slack
specific knowledge resources
human resource slack
employee incentives
specialized human capital investments

Info Detail Spesifik

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Pernyataan Tanggungjawab

pa

Versi lain/terkait

Lampiran Berkas

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