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- Publisher Website: 10.1002/smj.1996
- Scopus: eid_2-s2.0-84870558571
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Article: Rethinking the effectiveness of asset and cost retrenchment: The contingency effects of a firm's rent creation mechanism
Title | Rethinking the effectiveness of asset and cost retrenchment: The contingency effects of a firm's rent creation mechanism |
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Authors | |
Keywords | Capabilities Resource-based view Retrenchment Ricardian rent Schumpeterian rent |
Issue Date | 2013 |
Publisher | John Wiley & Sons Ltd. The Journal's web site is located at http://www.interscience.wiley.com/jpages/0143-2095 |
Citation | Strategic Management Journal, 2013, v. 34 n. 1, p. 42-61 How to Cite? |
Abstract | This paper posits that the efficacy of different retrenchment strategies depends upon the firm's core rent creation mechanism. We focus on two distinct mechanisms of rent creation: Ricardian rent creation based on the exploitation of resources and Schumpeterian rent creation based on explorative capabilities. We argue that cost retrenchment may have detrimental effects on firms with a relatively high Schumpeterian rent focus. On the other hand, asset retrenchment may erode the basis for future rent creation for firms with a higher Ricardian rent focus. Our findings based on a sample of large nondiversified Japanese firms highlight the differing degrees of fragility and recoverability of the two rent creation mechanisms in the context of different retrenchment strategies. © 2012 John Wiley & Sons, Ltd. |
Persistent Identifier | http://hdl.handle.net/10722/164741 |
ISSN | 2023 Impact Factor: 6.5 2023 SCImago Journal Rankings: 7.820 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Lim, DSK | en_HK |
dc.contributor.author | Celly, N | en_HK |
dc.contributor.author | Morse, EA | en_HK |
dc.contributor.author | Rowe, WG | en_HK |
dc.date.accessioned | 2012-09-20T08:09:02Z | - |
dc.date.available | 2012-09-20T08:09:02Z | - |
dc.date.issued | 2013 | en_HK |
dc.identifier.citation | Strategic Management Journal, 2013, v. 34 n. 1, p. 42-61 | en_HK |
dc.identifier.issn | 0143-2095 | en_HK |
dc.identifier.uri | http://hdl.handle.net/10722/164741 | - |
dc.description.abstract | This paper posits that the efficacy of different retrenchment strategies depends upon the firm's core rent creation mechanism. We focus on two distinct mechanisms of rent creation: Ricardian rent creation based on the exploitation of resources and Schumpeterian rent creation based on explorative capabilities. We argue that cost retrenchment may have detrimental effects on firms with a relatively high Schumpeterian rent focus. On the other hand, asset retrenchment may erode the basis for future rent creation for firms with a higher Ricardian rent focus. Our findings based on a sample of large nondiversified Japanese firms highlight the differing degrees of fragility and recoverability of the two rent creation mechanisms in the context of different retrenchment strategies. © 2012 John Wiley & Sons, Ltd. | en_HK |
dc.language | eng | en_US |
dc.publisher | John Wiley & Sons Ltd. The Journal's web site is located at http://www.interscience.wiley.com/jpages/0143-2095 | en_HK |
dc.relation.ispartof | Strategic Management Journal | en_HK |
dc.subject | Capabilities | en_HK |
dc.subject | Resource-based view | en_HK |
dc.subject | Retrenchment | en_HK |
dc.subject | Ricardian rent | en_HK |
dc.subject | Schumpeterian rent | en_HK |
dc.title | Rethinking the effectiveness of asset and cost retrenchment: The contingency effects of a firm's rent creation mechanism | en_HK |
dc.type | Article | en_HK |
dc.identifier.email | Celly, N: ncelly@hku.hk | en_HK |
dc.identifier.authority | Celly, N=rp01308 | en_HK |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1002/smj.1996 | en_HK |
dc.identifier.scopus | eid_2-s2.0-84870558571 | en_HK |
dc.identifier.hkuros | 207677 | en_US |
dc.identifier.eissn | 1097-0266 | - |
dc.identifier.isi | WOS:000311855900003 | - |
dc.publisher.place | United Kingdom | en_HK |
dc.identifier.scopusauthorid | Lim, DSK=36102852100 | en_HK |
dc.identifier.scopusauthorid | Celly, N=26024981200 | en_HK |
dc.identifier.scopusauthorid | Morse, EA=7102472707 | en_HK |
dc.identifier.scopusauthorid | Rowe, WG=9744294700 | en_HK |
dc.identifier.issnl | 0143-2095 | - |