A Property Rights Perspective on Competitive Strategy

    Publikation: Working paperForskning

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    Abstrakt

    We argue that the property rights perspective, as developed by economists such as Coase, Alchian, Demsetz and Barzel, is uniquely positioned to inform and further the understanding of competitive strategy. This is because of its consistent focus on the capture and protection of property rights as a main explanatory principle; a principle that we argue may also be usefully applied to the study of firm strategy. In our view, all firms trade resources spent on capture and protection off against value creation. Strategizing concerns changing the tradeoff to the advantage of the firm by identifying and influencing impediments to value creation. We use these insights to derive a number of refutable propositions, and argue that key insights from both industrial organization economics and the resource-based view are consistent with the property rights perspective.
    OriginalsprogEngelsk
    Udgivelses stedFrederiksberg
    UdgiverThe Link Program
    Antal sider27
    StatusUdgivet - 2001
    NavnLINK Working Paper
    Nummer2001-14

    Citationsformater

    Foss, K., & Foss, N. J. (2001). A Property Rights Perspective on Competitive Strategy. Frederiksberg: The Link Program. LINK Working Paper, Nr. 2001-14