Arbeitspapier
Toward a pecking order theory of strategic resource deployment
A premise of the capabilities perspective in strategy is that firm-specific capabilities allow some firms to be unusually adept at exploiting growth opportunities. Since few firms have the capacity to internally generate the quantity or variety of strategic resources needed to exploit growth opportunities, the ability to externally acquire complementary resources is critical to the acquisition of competitive advantage. However, the external sourcing of resources exposes the firm's strategic resources to risks of expropriation. We argue this threat gives capable firms incentive to use internally generated strategic resources to pursue growth opportunities before turning to external sources. A pecking order theory of strategic resource deployment is implied. Data from a 22-year sample of cross-border investment partnership decisions made by U.S.-based venture capital firms lend support to our theory.
- Sprache
-
Englisch
- Erschienen in
-
Series: CFS Working Paper Series ; No. 523
- Klassifikation
-
Wirtschaft
- Thema
-
Resource Acquisition
Dynamic Capabilities
Venture Capital
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Schulze, William
Deeds, David
Wuebker, Robert
Kräussl, Roman
- Ereignis
-
Veröffentlichung
- (wer)
-
Goethe University Frankfurt, Center for Financial Studies (CFS)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2015
- Handle
- URN
-
urn:nbn:de:hebis:30:3-386645
- Letzte Aktualisierung
-
20.09.2024, 08:22 MESZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Schulze, William
- Deeds, David
- Wuebker, Robert
- Kräussl, Roman
- Goethe University Frankfurt, Center for Financial Studies (CFS)
Entstanden
- 2015
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