Competitive Strategy

Do Investors Actually Value Sustainability?

The debate about how investors perceive corporate social responsibility (CSR) predates Milton Friedman’s famous statement that the only social responsibility of business is to increase profits. Although extensive research has…

Read More

Measuring value creation and appropriation in firms: The VCA model

Firms create value not only for shareholders, but also for other stakeholders, including employees, customers and suppliers. This article applies a method to quantify the “new” economic value created by…

Read More

Threat of platformowner entry and complementor responses: Evidence from the mobile app market

We examine one prevalent source of conflict: platform owners’ entry into complementary product spaces. We show that app developers on Google’s Android system are strategic and nimble actors. They respond…

Read More

Toward a dynamic notion of value creation and appropriation in firms

Most managers and the business press regard “value creation” as the increase in shareholder wealth represented by a rise in corporate profit or stock price. A broader conception of value…

Read More

Value creation in innovation ecosystems

Why do some new technologies emerge and quickly supplant incumbent technologies while others take years or decades to take off? We explore this question by presenting a framework that considers…

Read More

Caroline Flammer – Product market competition & CSR

This study examines whether product market competition affects corporate social responsibility (CSR). To obtain exogenous variation in product market competition, I exploit a quasi-natural experiment provided by large import tariff…

Read More

A universe of stories: Mobilising narrative practises during transformative change

How can storytelling be used to influence acceptance of an ongoing organizational transformation? In this article, we try to answer this question by examining how, over three decades, Italian company…

Read More

Bennett, Seamans, & Zhu – Cannibalization & option values in secondary markets

We examine how reducing search frictions in secondary markets affects the value appropriated by firms in primary markets. We characterize two effects on primary-market firms caused by intermediaries entering secondary…

Read More

In Vogue: How mere proximity to high-status neighbors affects aspirational pricing in US fashion

Read More

Hyperspecialization and Hyperscaling: A Resource-Based Theory of the Digital Firm

Digital firms tend to be both nar-row in their vertical scope and large in their scale. Weexplain this phenomenon through a theory about howattributes of firms’ resource bundles impact their…

Read More