Edith Penrose's (1959) Contributions to the Resource-based View of Strategic Management

ABSTRACT We argue that Rugman and Verbeke (2002 ) underestimate the importance of Penrose's (1959 ) contributions to the modern resource‐based view of the firm. In particular, we take issue with Rugman and Verbeke's (2002 ) arguments concerning Penrose's (1959 ) contributions to our knowledge of: (1) the creation of competitive advantage, (2) sustaining competitive advantage, (3) isolating mechanisms, and (4) competitive advantage and economic rents. In our response, we show that Penrose (1959 ) has both directly and indirectly influenced the modern resource‐based view of strategic management.     

企业发展:基于RBV的产权经济学分析

资源基础观的企业发展,意味着资源的不断聚集与留衍,这有赖于资源的持续吸纳和有效利用。如果赋予资源持有者/投入者以尽可能完全的产权——明晰的归属权、适切的生产性控制权、严正的分配性控制权、足够的收益权、充分的留衍所有权,将促进资源吸纳及利用效率的提高进而企业的发展,而这需要相应的治理安排对这些权利、权力的实现予以保障。     

An Alternative Approach to Poverty Analysis

A model of the household in which production and consumption activities are not separable is developed in order to provide micro-economic foundations for an alternative to the standard approach to poverty analysis. The alternative suggests that socio-economic groups and their respective livelihoods should be the basic building blocks for analysing poverty within a general equilibrium framework.     

Postmodernism:A Valuable Alternative Perspective for Management Studies

1.0 Introduction Management studies face many challenges and controversies these years.Some claims that its paradigm development is at a low level(Pfeffer,1993;cited from Hassard,p.171).Management studies are lack of an integrated framework.Scholars and academics practically confuse by the’anything goes’(Feyerabend,1970;cited from Hassard,1999,p.172)mentality.This is particularly true in the studies of postmodernism.Ever since 1980s,     

跨国公司在中国选择第三方物流服务商的影响因素——基于资源基础理论的视角

探究跨国公司选择第三方物流服务商的影响因素,对于理解双方合作成功的基础以及中国物流企业需增强哪些能力以成为其第三方物流服务商具有重要价值.从资源基础理论视角出发,在现有理论文献和问卷调查的基础上提出假设,通过问卷统计分析进行检验,明确跨国公司选择第三方物流服务商的影响因素.结果显示第三方物流服务商的物流能力、企业声誉、IT能力、有形资产以及二者间物流资源的互补性5个影响因素通过检验,而其中第三方物流服务商的物流能力和二者间物流资源的互补性影响目前更为突出.     

Raising Rivals' Costs Through Political Strategy: An Extension of Resource-based Theory

In this paper, we extend the resource-based theory of the firm to show that it can be used to analyse the effectiveness of competitive strategies. Specifically, we demonstrate that political strategies aimed at raising rivals' costs by blocking the use of substitute resources may create the opportunity for a firm to capitalize on resources that are valuable, rare, and costly to imitate. The uses of political activity to block the availability of substitute resources are discussed in detail and examples are provided to demonstrate how such strategies are used and to illustrate how successful they may be. This is an important extension of the resource-based theory because it demonstrates how the theory can be applied by researchers and practitioners.     

An Alternative Perspective On Information Asymmetry; Implications For Consumer Authority In Physician Services Markets

This paper looks at the impact of patient knowledge on utilization and quality in physician services markets, developing a theoretical framework based on an alternative to the "market failure" perspective first proposed by Arrow (1963) . Specifically, this paper looks at how outcomes in physician services markets are determined by whether patient and physician knowledge are substitutes or complements in health production. Empirical testing of the theoretical predictions indicates patient and physician knowledge have changed from substitutes to complements in recent years, and that this change may be hindering a more consumer-driven market from ensuring high quality outcomes.     

The Division of Labour,Capitalism and Socialism: An Alternative to Sayer

Sayer (1995) has argued that the division of labour has a structure that is distinct from capitalist relations of production, and, following Hayek, that it is determined most strongly by the use of knowledge by enterprises. Conscious coordination or alteration of the division of labour therefore usually result in reduced efficiency and in an authoritarian suppression of difference. In this article we argue that the division of labour in capitalism is strongly determined by conflict within and between classes, and that in the short term socialist policy can and should aim to alter it. A model of socialist economic coordination is presented which is feasible and ameliorates many of the problems of the capitalist division of labour. This model would enable the development rather than suppression of positive differences.     

现代会计学研究新思维：科学发展观

本文认为,科学发展观体现了马克思主义的唯物史观、矛盾观和发展观等重要哲学内涵。以科学发展观为指导的现代会计学研究要坚持以人为本、全面、协调和可持续发展的观点。     

Exploring the Fit Perspective: An Ethnographic Approach

While strategic human resource management (SHRM) theory has largely supported the importance of “fit,” the empirical research evidence has been mixed. In this study, we employ an ethnographic, case‐study approach to provide a more comprehensive assessment of fit and consider key contextual factors influencing HRM in the organization. Our findings suggest that the misalignment of HR practices can produce conflicting signals for employees, leading to reduced motivation and commitment. Furthermore, our study suggests that attempts to adopt isolated best practices without sufficient consideration of fit can have negative consequences. We conclude with a discussion of theoretical and practical implications.     

Alternative procedures for converting qualitative response data to quantitative expectations: An application to Australian manufacturing

This paper analyses and extends alternative procedures for converting qualitative expectations responses to quantitative expectations. A number of conversion procedures is investigated, including the probability model, the time-varying parameter probability model, and the regression approach. The informational content of the survey expectations is compared with simple time series models. It is found that the expectations models are superior for many series, both in terms of producing lower forecast root mean square error (RMSE) values and in detecting turning points in the actual data. Survey expectations are also tested for rational expectations in aggregate using the orthogonality test.     

The Speculative Demand for Money: An Alternative Approach

Abstract . The speculative demand for money has occupied an important role in Keynes’ General Theory. Since then it has received only sporadic attention. The lack of sustained interest among specialists in monetary theory is largely due to the fact that the theory, in its original form, has usually failed to survive the empirical tests. In this paper, an attempt is made to estimate the speculative demand for money using the general framework of the “Efficient Markets Theory.” The study uses the United States seasonally adjusted monthly data for the period 1952-72. The results strongly indicate the existence of the speculative demand for money.     

内部控制的受托责任观

通过受托责任理论和利益相关者理论的分析,构建了企业受托责任分析框架。通过典型内部控制概念的比较与解析,探求了内部控制中所内涵的企业受托责任相关问题。企业受托责任视角下的内部控制就是一种保证企业受托责任得到有效履行的控制机制,从而满足利益相关者对于经济绩效、社会绩效以及生态绩效的合理期望。     

Local Government in the UK: An Historical Perspective

Nigel Healey and Bob Leach of Leeds Polytechnic Policy Research Unit put the current controversies over local government into historical perspective.     

Alternative sources of technology: An analysis of induced innovations

This paper considers why firms differ in the degree to which they rely on their internal R&D organization for generating new technologies (induced innovations) rather than on existing external technology markets (purchased innovations). An empirical model is suggested to explan inter-firm differences in the percentage of new technology induced through R&D efforts. The analysis suggests that such differences are systematically related to the firm's size, its competative environment, and its degree of diversification.     

An Alternative Factor-analytic Approach to Aggregation of Input–Output Tables

This paper is concerned with the question of finding sets of similar micro-level industries that can be grouped to obtain a smaller set of macro-level industries. We argue that factor analysis based on the Leontief inverse is a promising approach when multiple objectives of classification must be taken into account, provided that the cosine, rather than the correlation coefficient, is adopted as the measure of similarity. We apply this approach to the 1967 US input–output table because that table has been used by researchers experimenting with alternative classification methods.     

An Alternative Tale of Two Tax Jurisdictions: A Comment

ABSTRACT In a recent issue of this journal, Galles and Sexton (1998) evaluated California's Proposition 13 and Massachusetts' Proposition 2-1/2. Galles and Sexton (1998, p. 123) conclude that
Both initially succeeded. However, following a brief lag… governments made up lost revenues primarily through increased non-tax fees and charges; within a decade, real per capita revenues and expenditures exceeded their pre-revolt peaks.
The present Note offers an alternative view of Propositions 13 and 2-1/2 which, using data from Galles and Sexton (1998, Tables 1, 2), concludes that these Propositions not only yielded short-term success for several years in terms of reduced real per capita revenues and expenditures but also may have yielded longer-term success in terms of reducing the growth rate of real per capita revenues and expenditures. This Note also raises questions about the way in which Galles and Sexton (1998) performed their computations.